$1200 before December 1

[pungopete468]

This is not investment advice, this is speculation and ranting! Don't panic on the way up, and never trade anything for less than you believe is fair.

Anyways, I can see $1,200 before December 1, and there's no ceiling to the exchange rate. I believe the peak price of Bitcoin will be inversely proportional to the degree of negative sentiment among personal investors regarding the manipulations of conventional stock and bond markets. Bitcoin isn't pegged to an exchange rate by decree, rather by fixed supply inflation and generic market demand...

Think about this simple math expression:
When the supply of demand becomes unlimited via the disproportionate expansion of credit without effort (fiat, purchasing power parity inversion between "real-scarce" and "unreal-unlimited" monetary vehicles), the ratio of one-to-another is unbound (less than or equal to infinity)...


Millennials are telling boomers to forget whatever they thought they knew about the stock market. At this point there's no more stock market (in the conventional sense of the word). What exists now has become terminally warped and distorted by central bank dependency. The "bad news is good news" market hovers near all-time-high valuations, awaiting more QE injection. This has resulted in the disintegration of personal investment in conventional stocks and bonds and created a feeling of despair. This helplessness gives alternative investment vehicles like Bitcoin immense opportunity leverage, and opportunity holds real value in the risk / reward arena. During times of despair, people are more acutely looking for hope.

It looks to me like a "perfect storm" is brewing in the financial sector, and a surge in Bitcoin adoption may represent the formation of a well defined "eye" in the center.

[shamati]

This is not investment advice, this is speculation and ranting! Don't panic on the way up, and never trade anything for less than you believe is fair.

Anyways, I can see $1,200 before December 1, and there's no ceiling to the exchange rate. I believe the peak price of Bitcoin will be inversely proportional to the degree of negative sentiment among personal investors regarding the manipulations of conventional stock and bond markets. Bitcoin isn't pegged to an exchange rate by decree, rather by fixed supply inflation and generic market demand...

Think about this simple math expression:
When the supply of demand becomes unlimited via the disproportionate expansion of credit without effort (fiat, purchasing power parity inversion between "real-scarce" and "unreal-unlimited" monetary vehicles), the ratio of one-to-another is unbound (less than or equal to infinity)...


Millennials are telling boomers to forget whatever they thought they knew about the stock market. At this point there's no more stock market (in the conventional sense of the word). What exists now has become terminally warped and distorted by central bank dependency. The "bad news is good news" market hovers near all-time-high valuations, awaiting more QE injection. This has resulted in the disintegration of personal investment in conventional stocks and bonds and created a feeling of despair. This helplessness gives alternative investment vehicles like Bitcoin immense opportunity leverage, and opportunity holds real value in the risk / reward arena. During times of despair, people are more acutely looking for hope.

It looks to me like a "perfect storm" is brewing in the financial sector, and a surge in Bitcoin adoption may represent the formation of a well defined "eye" in the center.

Not very good but early can be?

[goxed]

2016, I suppose.

[n691309]

Maybe you think before December 1, 2016 or 2017, that is the time when the bitcoin price should worth $1200 each.

[98problems]

i dont think that its possible to achieve neither this year nor 2016 mainly because bitcoin needs more time to attract new investors and users

[HeXaN]

2016, I suppose.

He meant 2013.

haha
2016 will be "The Year"

[UnknownUsername]

I love your optimism about the price..

[iv4n]

 I have hope for the future, but I think it will take a long time before we see 1000 $ or more. What can make bitcoin price to rise that much?

-A Currency Crisis: Citizens of any country experiencing high inflation or currency devaluation have a strong incentive to look for alternatives to holding their wealth in fiat cash. Since the 2009 financial crisis most of the world has been going through a period of low inflation, however there is a significant probability in the medium term future that competitive devaluation by countries seeking to prop up exports, or out of inflationary currency crises in specific countries, could drive a new wave of users into Bitcoin.

-A Banking Crisis: Banking crises in both Cyprus and Greece appear to have been a driving factor behind minor price jumps in the past, as it highlights the possibility that keeping money in banking system may not be as safe as people think

-Major Integrations: If, a trusted brand such as Paypal, for example, were to add the option of keeping BTC in their wallets we would almost certainly see a big jump in the number of users and therefore the price. Although that particular example may not seem very likely, there are dozens of others which could have a similar effect.

-The Halving: In the summer of 2016 the number of new coins being generated will halve. If the same amount of money keeps flowing into Bitcoin then the price will have to rise, and could easily push back into four figures.

Read more at : http://cryptorials.io/will-the-bitcoin-price-ever-go-back-up-to-1000/
 

[celebreze32]

Two days left for the OP's $1200 before December 1 target.

I don't think it's very likely there will be a bull run big enough to get there in two days. To be fair he did say his post was speculation and ranting, and the November rally was at it's peak when he wrote it. I got over optimistic myself at the peak of the rally and thought it would continue way higher.

[maokoto]

For BTC to reach that price, lots and lots of money should go into it (a lot of adoption needed) and it does not look like it is going to happen unfortunately.

December 2016 maybe, but still difficult.

[randy8777]

if the price will reach at least $1000 then it will surely be somewhere in 2016 or even 2017. this year has just 1 month and a few days left. theoretically it could happen, but the reality will show otherwise.

[chesthing]

Hells yeah, $1200 next month no prob. Then, $12k next year - parties on!!
Get a grip.

[pissedoff]

Hells yeah, $1200 next month no prob. Then, $12k next year - parties on!!
Get a grip.

lol, There is no way the price is going to skyrocket to $1200 in the next few days unless someone buys over 5000 bitcoins at market price.

[h0w8rd]

one never knows.  we all have to hope for the best if we are holding 

[pissedoff]

one never knows.  we all have to hope for the best if we are holding 

We all are hoping for the best but we need to hope for something realistic to happen. $1200 is way beyond realistic.

[Warrior B]

one never knows.  we all have to hope for the best if we are holding 

No way jose

[Wilhelm]

Which year?

[HostSurf]

I don't believe bitcoin is able to reach around the $1000 this year anymore. I do believe bitcoin is able to reach this amount of dollars next year.

[dloghwak]

Which year?

2017, thus you have some time left to accumulate.

[1Referee]

If you mean before december 1 next year, then there is a fairly large chance of seeing anything above $1000. The demand by that time will be much higher than it is right now. The block halving will have a good impact on that for sure.