Expect Bitcoin Price to Reach US$1,200 or More Next Year

[Junko]

With bitcoin, you should always expect the unexpected.

[The Sceptical Chymist]

Experts in bitcoin can predict btc price no more accurately than experts in precious metals, stocks, and bonds can predict the price of their assets.  No one has a crystal ball, and experts who predict prices are often wrong and often have a vested interest in their prediction. 

Look at Peter Schiff, who's been predicting $5000 gold for years, and he's one of many in that field.  Wall Street analysts get stock estimates wrong all the time.  So these ones that OP listed?  I have no faith in them. 

Yes, bitcoin certainly could go to $1200 in 2016.  FFS, bitcoin has almost been there already in 2013.  But bitcoin defies analysis, because it doesn't have the traditional characteristics of a financial asset (other than currency). 

[Kevin77]

With bitcoin, you should always expect the unexpected.

Good point. Bitcoin will surprise it's every investors in up coming month. The chances for testing big prices beyond $1200 marks are highly possible before halving itself. But many people are planning to sell around $1000. Regretting later is the only consequence, they are going to face if they sell at $1000 price levels.

[angaper]

I am not so optimistic, but I will be very happy if bitcoin touches the psychological level of $1000, because in my opinion it would be better a gradual and stable raise in the price than the volatile pumps usually unreserved in altcoins.

[TERA]

Oh look big name businessy guys in suits and ties said stuff so you ought to listen. Our decentralized system has authority figures now. Included in this list of auhtorities is Bobby Lee, the owner of the dubious Chinese exchange that pumped and crashed bitcoin in 2013, and he said something to try to pump the price every month in 2014.

That ''dubious Chinese exchange'' is responsible for youre $1500 profit.... ore do i need to ask; pics ore it didn't happen?

You're ungrateful ore just a major liar!

I don't get what you are saying. I need to be grateful to Bobby Lee because somehow BTCChina is responsible for me making a profitable daytrade on a different exchange? What would that even have to do my comment?

Should we all be grateful to Bobby Lee for causing market volatility? Even if that were true, what does this have to do with the success of Bitcoin, and how does it make Bobby Lee a credible source?

[pissedoff]

There were many predictions saying that the bitcoin price might go above $2,000 by the end of next year.
I expect it to reach 1,200 on mid-2016.

[miayama]

Halving and bigger block size will help the bitcoin price to rise, maybe to $1500 or higher.

[Guido]

there is no doubt in my mind bitcoin will hit ATH in 2016, everything considered
also certain alts that are wildly underpriced will do even better in percentage terms, and hit ATH also

[miayama]

there is no doubt in my mind bitcoin will hit ATH in 2016, everything considered
also certain alts that are wildly underpriced will do even better in percentage terms, and hit ATH also

One of the such altcoin is Ethereum. The price has consolidated for 3 months now. This year, there will several new releases of the software.

[mtnsaa]

Bitcoin can definitely reach those values even sooner (it already did in the past even if it was a bubble). However we have to be worried about the impending doom of obsolescence and lack of demand. What's Bitcoin usage other than an commodity? It won't survive 5 more years if it doesn't find a niche and become a standard method of payment/transaction.

[miayama]

Bitcoin can definitely reach those values even sooner (it already did in the past even if it was a bubble). However we have to be worried about the impending doom of obsolescence and lack of demand. What's Bitcoin usage other than an commodity? It won't survive 5 more years if it doesn't find a niche and become a standard method of payment/transaction.

There are more and more applications of bitcoin recently apart from drug related business. So I think the demand for bitcoin will increase.

[cooldgamer]

On the off chance that we do hit an ATH this year, I think it's going to be pretty short lived.  The last bubble got a ton of media attention, and the casual investors that bought in at a high amount are going to be looking to unload like there's no tomorrow.  Steady growth up to maybe the 800 range is possible, maybe a bubble that takes it there and back down, or a plummet back to sub-300 (most likely more than one of those), but I don't think a ATH is in our future soon.

[nichu]

would be glad if that the case, i would purchase some more when i see a sure positive sign , i dont like the volatile nature , its good for traders , but not good to see when i am holding it.

[Bitcoinbro]

would be glad if that the case, i would purchase some more when i see a sure positive sign , i dont like the volatile nature , its good for traders , but not good to see when i am holding it.

This could be true but what if the price doesn't go down?
It will get more and more expensive to buy, even if you are holding

[Adaleon]

would be glad if that the case, i would purchase some more when i see a sure positive sign , i dont like the volatile nature , its good for traders , but not good to see when i am holding it.

This could be true but what if the price doesn't go down?
It will get more and more expensive to buy, even if you are holding

If it increase and not going down anymore that is fine with me I can just earn bitcoin with it.
Buying is a problem when is high but you can always make a profit if you are good with trading.

[1Referee]

would be glad if that the case, i would purchase some more when i see a sure positive sign , i dont like the volatile nature , its good for traders , but not good to see when i am holding it.

When you are starting to see some positive signs it means the price is already rising. If you buy when there isn't any good news or good signals, then you have a lot potential profit that you can catch. You should have bought when the price was still below $400. But still, it's not too late to buy yet.

[Bamsed]

would be glad if that the case, i would purchase some more when i see a sure positive sign , i dont like the volatile nature , its good for traders , but not good to see when i am holding it.

When you are starting to see some positive signs it means the price is already rising. If you buy when there isn't any good news or good signals, then you have a lot potential profit that you can catch. You should have bought when the price was still below $400. But still, it's not too late to buy yet.

I think $400 is still a good price if there is no hard fork to split the bitcoin community in the near future.

[n2004al]

See here : http://cointelegraph.com/news/115935/expect-bitcoin-price-to-reach-us1200-or-more-next-year-experts-say and tell me what do you think about what those "experts" said .


Erik Voorhees, CEO Shapeshift :

“$1,800. Mining supply cut in half, continued growth and use of the platform, financial institutions realizing BitcoinCT r:  2 is the BlockChain, and more people discovering they can save 20% at Starbucks with FoldApp.”

Bobby Lee, CEO BTCC:

“My estimate is around $2,000. The biggest driver behind price increases will be increased global awareness of Bitcoin. Today, the price of Bitcoin is $1 per capita. My price target for the next year is $5 per capita, which is around $2,000 per Bitcoin. For comparison, the price of Gold is at $1,000 per capita.”

Jeff Berwick, chief editor of The Dollar Vigilante:

“$1,799. Biggest drivers: bank, currency and economic collapse.”

Andreas Antonopoulos, Bitcoin expert, speaker, entrepreneur:

“I don't do price speculation. It's astrology for markets and I think it is irresponsible for media companies to do this.”

Vishal Gupta, CEO SearchTrade:

“Next year post halving I expect 5x price rise, so we could see Bitcoin between $1,500 to $2,000 range by the end of 2016. Mining Rewards halving had 8x impact on price last time around in 2012.”

If we see carefully all the main post will read some quoted comments which gave amounts regarding the price of bitcoin in the future and only one who tell a monumental expression. Which show the big gap which exist between this big personage of world of bitcoin and the others which are only merchants of it. This expression is told by Andreas Antonopoulos and I like to bring his words here again: “I don't do price speculation. It's astrology for markets and I think it is irresponsible for media companies to do this.” Cannot be given more concise and correct expression about everything has to do with all the possible predictions about the future price for bitcoin. Cannot be added even only one more word. Cannot be removed nothing. And even have not need to be commented more. So, this is what will be even me. Will close this post here without telling nothing else. Everything is told in his comment.

[Snorek]

I would be extremely reluctant to accept any positive speculations about bitcoin's price. All I see right now is confusion of people after Haern's post and retreat of companies which accepted bitcoin before.
How exactly is that good base to build speculation of bitcoin reaching $1.200? I don't know. It would be awesome if bitcoin reached $500 and stayed that way.

[mtnsaa]

I would be extremely reluctant to accept any positive speculations about bitcoin's price. All I see right now is confusion of people after Haern's post and retreat of companies which accepted bitcoin before.
How exactly is that good base to build speculation of bitcoin reaching $1.200? I don't know. It would be awesome if bitcoin reached $500 and stayed that way.

Yes this is a delicate period and we'll see how Bitcoin "survive" in the next upcoming weeks/months. I thought we were already past it when we bounced back to $425 but now it's looking ugly again. We are a statement away of a true crisis with the potential to go sub $300. If Bitcoin manage to recover I don't have any doubt in my mind that it will close out the year at $500-600 and therefore continue its yearly value rise.