Why 2016 can be a bad year for bitcoin

[Brastas]

As we all know, next year the next reward halving will come.

Everyone is expecting the price to rise exponentially.

Here is the reason why I think this won't happen:

Simply because everyone is expecting it.

Most likely the buying demand will remain constant and price won't move up much.

When the impatient ones that are waiting for this moment for years realize that the price is not exploding as they were expecting, they will start dumping.

When this happens many of the less impatient ones will get impatient and start dumping as well.

After this the big dump will hit the news and those guys that "bought and forgot" will rush to dump as well.

So, only after this big dump, the price will rise to the "promised land" of $10,000.

And this may take some time, probably until the next halving by 2020.

Good luck.

[yoona]

yes indeed you are right, we all hope that the price bitcoin will go up very much when 2016 came, and when bitcoin halving, but many people know that no one knows what will happen when the bitcoin halving arrived, let those who expect prices bitcoin ride, keep hoping.

[Yakamoto]

It is completely possible for there to be no increase in the value of Bitcoin, but if that is true, we will see a large amount of miners drop out due to their revenue being literally halved. Most miners would have to start selling their coins for 1.7x their current value, at least, after the halving, to maintain operational integrity. Or they can all take a loss in their revenue, which I doubt many miners intend on doing.

The thing is, it all comes down to supply and demand. Nearly anything can happen.

[Erkallys]

It may be a possibility, but here's another possibility : people that were expecting the halving to be awesome buy a lot during the months before it, and thus the price grow steadily until the halving. It may have already started with the November pump.

[lorylore]

it has happen a lot of times already. when halving, the price seems to be constant and no changes. the key is that there is no demand or usage of bitcoin so the whole market of bitcoin is still and not much movement to drive the price up. so wherther it is a gd or bad year, it all depends on us the user how we use btc and how to expand the system.

[lorylore]

It may be a possibility, but here's another possibility : people that were expecting the halving to be awesome buy a lot during the months before it, and thus the price grow steadily until the halving. It may have already started with the November pump.

i think with the halving coming, more people r less unwilling to spend the btc cause it will be harder to acquire so end up they keep the btc and there is lack of movement.

[Rols]

As we all know, next year the next reward halving will come.

Everyone is expecting the price to rise exponentially.

Here is the reason why I think this won't happen:

Simply because everyone is expecting it.

Most likely the buying demand will remain constant and price won't move up much.

When the impatient ones that are waiting for this moment for years realize that the price is not exploding as they were expecting, they will start dumping.

When this happens many of the less impatient ones will get impatient and start dumping as well.

After this the big dump will hit the news and those guys that "bought and forgot" will rush to dump as well.

So, only after this big dump, the price will rise to the "promised land" of $10,000.

And this may take some time, probably until the next halving by 2020.

Good luck.

Every year, month and day is good for Bitcoin unless you just treat it as a stock. You are in bitcoins to be rich quick. Bitcoins are more than the value in fiat. Its a technology. Treat it like that and you dont get disappointed at all. 

[LinaMay]

Bitcoin price isn't going to grow that much this year but I have noticed it will be a stagnant worth in the 800-1000 range about a year from now. I did the math.

[Amph]

Bitcoin price isn't going to grow that much this year but I have noticed it will be a stagnant worth in the 800-1000 range about a year from now. I did the math.

bitcoin growth this year is already 100%+, more than enough, if next year the next pattern is maintained you can have roughly 2/3 of the last ath as a stable value not as a peak, which is very good

[NorrisK]

There are many more things happening next year besides the halving.. Many services will be released, including openbazaar.

The halving will have a minor effect indeed, but can potentially reduce sell pressure a little bit, slightly shifting the balance in favor of a price increase.

Anybody that expects the halving to double their bitcoin worth is probably delusional.

[wikenpp]

I don't think bitcoin can have a bad year in 2016 because of this reasons.

The biggest fear would be that the bank conspiracy will launch their own product based on the blockchain technoloy.

[Epicnicity]

I don't think this upcoming year will be too bad for bitcoin. I think that as long as there is progress within bitcoin, there shouldn't be too much too worry about.

I also think that as long as you are able to make profits, you should be okay. Bitcoin has made a lot of progress so far. I believe that this will continue into the new year.

[ausbit]

It may be a possibility, but here's another possibility : people that were expecting the halving to be awesome buy a lot during the months before it, and thus the price grow steadily until the halving. It may have already started with the November pump.

It might not be possible if we all think positively the way we are doing it right now and the Bitcoins rate is increasing. So its better not to think negatively that on 2016 the price will go down. And we all should hold the Bitcoins. The rate of Bitcoins will sure grow high.

[European Central Bank]

I think it might be bad for all the VC stuff. It doesn't look like the growth they're counting on is arriving any time soon. I don't really care if the price goes crazy due to the halving. There's too many factors to know what'll happen.

[Mr.grin]

I do not feel that 2016 was a bad year for bitcoin, I just feel otherwise, I think bitcoin will prevail in that year, it may be started when the bitcoin prices rise again

[Bitcoinbro]

Why are you so negative bro.

The year has been great so far for bitcoin. 2015 should be the cherry on the cake.
I believe the only way it can be bad if less capital is going into development.

[Meuh6879]

noob = bad bitcoin thread. Seem logic ...

Just one remark : in 2015, they trust in 1000 USD fail ... and then, in 2016, they trust in the 10 000 USD fail.

So, in the last month of 2016, Bitcoin value can display a 5000 USD ... instead of 10k.

[wadii33]

noob = bad bitcoin thread. Seem logic ...

Just one remark : in 2015, they trust in 1000 USD fail ... and then, in 2016, they trust in the 10 000 USD fail.

So, in the last month of 2016, Bitcoin value can display a 5000 USD ... instead of 10k.

if bitcoin reaches 5K USD in 2016 it will be an achievement for all bitcoin users for me when my savings reach 1000$ i will trade it ore sell it

[Meuh6879]

why do you want sell ... when it touch the 1k ?
  it's not the mtgox cheated supply now ... so 1k then 800 ... then 1200 ... than 1k ...

Bitcoin save the world (and your economies, too).

[owm123]

Possible. Litecoin had its halving few months ago, and nothing really happened. Price did not double, quite the opposite, it went down after halving.