This is as good as it's going to get

[talks_cheep]

After the 2 year bear market, after the meteoric rocket rises, we've entered the stage of mediocre growth. As evidenced by the recent developments since October 2015, you can see that btc price goes up gradually, like 10% over a month's time. After these mediocre growth, profiteers come in and drive the price down a bit. The cycle goes on.

If you bought $1000 bitcoins, I pity you, we will never see $1000 coins ever in our life time.

Folks, this is the way it's going to look from now on. No more moon rockets, and no more steep crashes. Enjoy and have a nice day!!!

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[Amph]

no you're wrong, what really matter is the new minimum value that is achieved after each time, after each crazy pump and dump, and right now after the bottom was 230, we are at a new bottom and so on

in the end the bottom will be 1k but no one will even notice it, because we will talk about why we dropped from 3k to 2300....

[InvoKing]

If you bought $1000 bitcoins, I pity you, we will never see $1000 coins ever in our life time.

This isn't very accurate, i believe that after the halving next year the price will make a nice jump to $700+ at least but i am pretty sure that after the halving in 2020 $1kBTC shouldn't be hard to achieve if not done after the 2016 halving

[~Bitcoin~]

You are wrong about your speculation about the limitation of bitcoin price. Bitcoin price is not limited to any number there is lots of probabilty that one bitcoin can easily worth 1k or even more after halving as supply will be lowered.

[RyNinDaCleM]

You are wrong about your speculation about the limitation of bitcoin price. Bitcoin price is not limited to any number there is lots of probabilty that one bitcoin can easily worth 1k or even more after halving as supply will be lowered.

Supply won't be lowered. There will still be 15M BTC in the wild. The new supply will be lowered so that the next 3M BTC will take longer to get. The fundamental value here is that it is decreasing instead of increasing like fiat. Don't get confused by halving as some scarcity tool that just automagically makes Bitcoins worth more.

[Snail2]

If you bought $1000 bitcoins, I pity you, we will never see $1000 coins ever in our life time.

Folks, this is the way it's going to look from now on. No more moon rockets, and no more steep crashes. Enjoy and have a nice day!!!

I think you are a bit bearish mate . Next year btc can very well hit $2k or even more. In your model you simply ruled out all external factors, like a sudden "gold rush", a new bubble, or just a simple increase in demand what we've seen on the Chinese exchanges after the new capital control rules. Not to mention that there could be things with negative impact on the prices. I wouldn't say that $2k would be sustainable in for a while, but I can easily imagine a nice big bubble sometimes around the halving.

[1Referee]

After the 2 year bear market, after the meteoric rocket rises, we've entered the stage of mediocre growth. As evidenced by the recent developments since October 2015, you can see that btc price goes up gradually, like 10% over a month's time. After these mediocre growth, profiteers come in and drive the price down a bit. The cycle goes on.

If you bought $1000 bitcoins, I pity you, we will never see $1000 coins ever in our life time.

Folks, this is the way it's going to look from now on. No more moon rockets, and no more steep crashes. Enjoy and have a nice day!!!

What you say doesn't make much sense since no one here knows what exactly will happen. And you talk like you seem to know it.... You don't know anything. You should look back at this thread after 2 or 3 years, then you will think; how could I be so wrong!?

There will be a lot peaks and dumps comming, it has never been different, and it certainly won't change in the comming years, whether you like it or not.

[Junko]

OP, I'm waiting to hear what your bi-polar autistic psychic of a brother has to say. Has he looked over your shoulder recently yet?

[Loimu]

You are wrong. There won't be 'profiteers who sell' to last all eternity. Just imagine - one whale sells 1000 coins and runs with the profits it certainly wasn't another individual who bought all of them. That creates diversity and adoption further as one whales coins are then divided to multiple people. This might happen few times but for sure not forever.

[afbitcoins]

After the 2 year bear market, after the meteoric rocket rises, we've entered the stage of mediocre growth. As evidenced by the recent developments since October 2015, you can see that btc price goes up gradually, like 10% over a month's time. After these mediocre growth, profiteers come in and drive the price down a bit. The cycle goes on.

If you bought $1000 bitcoins, I pity you, we will never see $1000 coins ever in our life time.

Folks, this is the way it's going to look from now on. No more moon rockets, and no more steep crashes. Enjoy and have a nice day!!!

You really believe this 

[Denker]

After the 2 year bear market, after the meteoric rocket rises, we've entered the stage of mediocre growth. As evidenced by the recent developments since October 2015, you can see that btc price goes up gradually, like 10% over a month's time. After these mediocre growth, profiteers come in and drive the price down a bit. The cycle goes on.

If you bought $1000 bitcoins, I pity you, we will never see $1000 coins ever in our life time.

Folks, this is the way it's going to look from now on. No more moon rockets, and no more steep crashes. Enjoy and have a nice day!!!

You really believe this 

I'm sure he doesn't. The truth is he suffering.Suffering from not having bought enough coins, if any, when price was really really cheap.
Now he is depressed and tries to project on others his actual situation.
I hate those type of guys.

[Wilhelm]

I am pro bitcoin and I HODL, I wish for th M00N and to get rich relatively quickly .

That said I firmly believe nothing is certain in Bitcoin.
It can just as easliy go both ways. The biggest mistake is thinking you know what is going to happen.

[fravia]

thats not true in my opinion bitcoin will keep on rising and the community will keep getting bigger also the price increased a little bit to 445 dollar each i believe that it might be a sign that people should start buying the coins as the price will most probably increase in the future too and it will not be dumped

[HarryKPeters]

It is getting good, but we are not there yet.

There is more potential for bitcoin then we see these days.

Maybe the price will never go to 1000 USD, but the features bitcoin have today and in 3 years will be totally different.

[randy8777]

i really believe in the long term potential of bitcoin. if you also believe in bitcoin, then you know that a price of $1000 will be considered peanuts. we will definitely see bitcoin smash through the $1000 price level again. it's just a matter of time. you are far too bearish.

[Moneyburner]

I don't think anyone here would be mad if BTC went up 5-10% a month consistently. You get to the point where your doubling your money every year. Would I like more... yes. Can't complain though

[kpitti]

If you bought $1000 bitcoins, I pity you, we will never see $1000 coins ever in our life time.

This isn't very accurate, i believe that after the halving next year the price will make a nice jump to $700+ at least but i am pretty sure that after the halving in 2020 $1kBTC shouldn't be hard to achieve if not done after the 2016 halving

I do not get point that havlving of the miners reward will necessary means big increase of bitcoin price.
What is reason for that? I know that last there was some increase last time when havling occured, but we will not be in the same situation. Market is different.

[cefen6777]

well you might be right i think i will have to sell my bitcoins

[DrLove2048]

I do not get point that havlving of the miners reward will necessary means big increase of bitcoin price.
What is reason for that? I know that last there was some increase last time when havling occured, but we will not be in the same situation. Market is different.

I couldn't answer your question specifically, but I do know that the price will simply have to increase somewhat or miners are going to not want to mine anymore. I think that's part of the rational behind it, that it would have to go up or else it would fail

[pereira4]

After the 2 year bear market, after the meteoric rocket rises, we've entered the stage of mediocre growth. As evidenced by the recent developments since October 2015, you can see that btc price goes up gradually, like 10% over a month's time. After these mediocre growth, profiteers come in and drive the price down a bit. The cycle goes on.

If you bought $1000 bitcoins, I pity you, we will never see $1000 coins ever in our life time.

Folks, this is the way it's going to look from now on. No more moon rockets, and no more steep crashes. Enjoy and have a nice day!!!

You must be really clueless to say that. Quoting for future reference. Im pretty sure when we crush the latest ATH and go way higher than 1000 you will decide to not log in away with that account to face the fact that you were wrong, as all the guys that have done similar predictions in the past did.

[The Sceptical Chymist]

Blah blah blah.  You know we were at something like $220 for months and the price had dropped below $200 if I remember correctly.  And here we are at $446.20 as I write this.  So there's definitely volatility still present in bitcoin.

But I realize you're just sowing the seeds of doubt to get a rise out of the bulls here.  Good job OP.

[QueenW]

We will be rich off bitcoin, and you will be sitting there regretfully. Just wait and see buddy,

[thms]

Here's the probability break down

70% chance of BTC being worth more than $10K in less than 2 yrs
29% chance of BTC being worth less than $10 in less than 2 yrs
1% chance of something like you described happens

[talks_cheep]

LOL

After my autistic brother made two wrong predictions, I've blocked his access to looking over my shoulder so he can't look no more. The forum is safe from his oracles for the moment, you're welcome.

Many people here seem to believe in the inevitability of bitcoins. They are so wrong. If and when the Chinese government BANS bitcoins, do you think bitcoin price will stay unaffected? Don't forget the Chinese government, which is run by a cabal of crusty old men, came very close to banning cryptocurrency in China in late 2013. They seem to be tolerating it for now, however, it remains to be seen what they really think of bitcoins. The do NOT like the outflow of capital from China. If and when the outflow becomes too much, they WILL lower the hammer.

Another scenario is if terrorists cut off Internet by cutting the undersea cables or other means.

There are other scenarios where bitcoin price will crash, we all know bitcoin CRASHES easily and spectacularly.

I'm neither bullish or bearish. I'd like to think of myself as a counter-balance to the prevailing sentiment. I am the devil's advocate. You need me to save you from the circle jerk that goes around in this forum.

[Junko]

Blah, blah, blah...

Another scenario is if terrorists cut off Internet by cutting the undersea cables or other means. [<-- LOL]

There are other scenarios where bitcoin price will crash, we all know bitcoin CRASHES easily and spectacularly.

I'm neither bullish or bearish. I'd like to think of myself as a counter-balance to the prevailing sentiment. I am the devil's advocate. You need me to save you from the circle jerk that goes around in this forum.

[Rizky Aditya]

Bitcoin still had a long way to go. This is just the beginning of bitcoin. We will be seeing the price shoot up soon, after halving.

[TheGr33k]

With the way the media looks at us, we will never succeed our price goal. A news media team allegedly proved Bitcoin was in aid of the Paris Attacks. Everyone looks at us like we're scammers so who in the right mind would wanna look into Bitcoin thinking they're either going to look like a scammer, become a scammer, associate with scammers or become a terrorist? We need to work on our image if we really want to entice adopters.

[Junko]

With the way the media looks at us, we will never succeed our price goal. A news media team allegedly proved Bitcoin was in aid of the Paris Attacks. Everyone looks at us like we're scammers so who in the right mind would wanna look into Bitcoin thinking they're either going to look like a scammer, become a scammer, associate with scammers or become a terrorist? We need to work on our image if we really want to entice adopters.

I don't think it's totally just a matter of "working on our image" but more of showing the masses of sheeple all the benefits and good things bitcoin allows us all to do. When they realize bitcoin's utility for doing "good" they will change their views.

Did the early adopters of the internet need to "work on their image"? I'm sure many naysayers at the time pointed to all the bad things about the internet way back when, I'm sure. But in time, people realized the internet's utility and potentials and here we are today with everyone using it without a thought. Mass adoption even with terrorists and other criminals using it for bad stuff.

[maokoto]

After the 2 year bear market, after the meteoric rocket rises, we've entered the stage of mediocre growth. As evidenced by the recent developments since October 2015, you can see that btc price goes up gradually, like 10% over a month's time. After these mediocre growth, profiteers come in and drive the price down a bit. The cycle goes on.

If you bought $1000 bitcoins, I pity you, we will never see $1000 coins ever in our life time.

Folks, this is the way it's going to look from now on. No more moon rockets, and no more steep crashes. Enjoy and have a nice day!!!

I agree that right now it is a lot like that. I think it will reach high prices again, but it will be more gradually as it is adopted and new apps come in.

However, even if you bought at $1000, you can sell in the 450-500, buy again at the 300, then sell again etc. until you cover loses. It is risky but can be done.

[helloeverybody]

User adoption should be a slow rise,  it's only manipulation that throws us into a Bubble.  So if we are going up slow and steady  then that's good.

[kpitti]

I do not get point that havlving of the miners reward will necessary means big increase of bitcoin price.
What is reason for that? I know that last there was some increase last time when havling occured, but we will not be in the same situation. Market is different.

I couldn't answer your question specifically, but I do know that the price will simply have to increase somewhat or miners are going to not want to mine anymore. I think that's part of the rational behind it, that it would have to go up or else it would fail

If there will be less miners then difficulty will goes down and Blockchain and Bitcoin will work the same way with the same speed of confirmation.

[Pab]

All predictions in a case of btc may fail.Enjoy stability at current relativelly high level.Lets wait what Jenuary will bring,but if you think that halaving will drive price up i only can tell it could be opposit

[pereira4]

I wouldn't waste time with such trolls, I think it's always the same guy creating new accounts, but sometimes to switch it up and be less obvious he keeps posting with the same one. Nonetheless, he's always FUDing hard in the speculation section, without any success, as seen in the price increase.