2016 Bitcoin Predictions

[MaxTax]

I see more like high $500ish close to 6 if anything.

I dont know about $700, unless something insightful arrises that makes it spike. But I see more of a solid mid $550 range within this year holding like how we did with last year price hovering $300ish then a solid climb.

Yup if we compare with last year's price range there is not big dump also. due to halving  this little zig zag also going.  After July price will be high so people can purchase bitcoin.

We all hope of course that the value will be more and more in the future. But Bitcoin will have a good year in this year. It becomes more popular.
And that is very good for Bitcoin, because if it is more used, than it will be also more acceptable later and that is perfect.

[Dr.Osh]

Bitcoin is in a good place right now, there were better days but bitcoin is getting word wide more know and popular. In 2016 bitcoin will be getting bigger.
It´s only a matter of time.

I agree with you, bitcoin is always evolving and will be popular, and led to the price to be high.
This is only a matter of time until bitcoin prices reach $ 800 this year.

[GermanFoobla]

Bitcoin is in a good place right now, there were better days but bitcoin is getting word wide more know and popular. In 2016 bitcoin will be getting bigger.
It´s only a matter of time.

I agree with you, bitcoin is always evolving and will be popular, and led to the price to be high.
This is only a matter of time until bitcoin prices reach $ 800 this year.

Yes indeed. This year will be a good year for Bitcoin, but it wont be the best year and that is the problem.
I hope later that there will be more people that is going to use it and that it will also be more acceptable in stores, that will be nice.

[azguard]

Bitcoin is in a good place right now, there were better days but bitcoin is getting word wide more know and popular. In 2016 bitcoin will be getting bigger.
It´s only a matter of time.

I agree with you, bitcoin is always evolving and will be popular, and led to the price to be high.
This is only a matter of time until bitcoin prices reach $ 800 this year.

Yes indeed. This year will be a good year for Bitcoin, but it wont be the best year and that is the problem.
I hope later that there will be more people that is going to use it and that it will also be more acceptable in stores, that will be nice.

for some this is true assumption and yet again this will be really good year for BTC will it reach for new high that is the problem (most expect this)
if everything goes well my prediction is that we can see stable price at least 50% of current price

[BTCLovingDude]

i think price is going to be stable at $400<BTC<$500 for a couple of more months and then something is going to happen with a lot of hype the price is going to be pushed to >$800 over 1-2 months then start to come back to $500 and then continue normal growth

[Newcoins2020]

Bitcoin is in a good place right now, there were better days but bitcoin is getting word wide more know and popular. In 2016 bitcoin will be getting bigger.
It´s only a matter of time.

I agree with you, bitcoin is always evolving and will be popular, and led to the price to be high.
This is only a matter of time until bitcoin prices reach $ 800 this year.

It wont be the best year this year and that is the problem. I hope late that there will be more people that have Bitcoin.
But they must make their own choice and see that Bitcoin is very good to use and spend, that is the most important thing.

[Mr. Big]

i think price is going to be stable at $400<BTC<$500 for a couple of more months and then something is going to happen with a lot of hype the price is going to be pushed to >$800 over 1-2 months then start to come back to $500 and then continue normal growth

Yeah, that might be right, price might be playing in between $400 - $500 this months, and dramatically rise to $800, and most probably be back at its price right now after those who hoard already sold their coins..

[nostal02]

i think price is going to be stable at $400<BTC<$500 for a couple of more months and then something is going to happen with a lot of hype the price is going to be pushed to >$800 over 1-2 months then start to come back to $500 and then continue normal growth

Yeah, that might be right, price might be playing in between $400 - $500 this months, and dramatically rise to $800, and most probably be back at its price right now after those who hoard already sold their coins..

This price is really ideal for the next halving and i wont expect it to raise to an all time hike as people are choosing the rate and not the bot few years ago.

[uki]

i think price is going to be stable at $400<BTC<$500 for a couple of more months and then something is going to happen with a lot of hype the price is going to be pushed to >$800 over 1-2 months then start to come back to $500 and then continue normal growth

I have a similar, maybe a bit more conservative view on the price action this year. I see $500-600 as the top of the range, if there is no new fundamental developments (direction mass adoption).

[redsun114]

i think price is going to be stable at $400<BTC<$500 for a couple of more months and then something is going to happen with a lot of hype the price is going to be pushed to >$800 over 1-2 months then start to come back to $500 and then continue normal growth

I have a similar, maybe a bit more conservative view on the price action this year. I see $500-600 as the top of the range, if there is no new fundamental developments (direction mass adoption).

But I guess you will change your view once the price increase of bitcoin is started along with halving. Because the higher prices will trigger all the development needed for bitcoin ecosystem. I believe we can not predict the top of price range now itself.

[Herbert2020]

Here are my Bitcoin price predictions:
1. BTC stable at around $400-$500 for the next few months.

i agree with this. the price is going to be stable around $410-420 for a longer time, probably 3 more months.

2. 40-50% spike for block halving hype.

i think the spike is going to be much bigger than than. probably from $700-1000

3. Retracement back down to $400-$500 level.

depending on how big the bubble is, going back is going to take a long time and i don't think it will come back to $400 level. the next low is going to be at least $500

4. Slow rise to $700 per BTC once weak hands are out.

obviously, since bitcoin is growing everyday.

[jellon]

Dont think there is a real deduction on the price... however price will tend to find a new equillibrium

the current sideways price is a good indicator especially after the bitcoin difficulty jumping 3 fold in 3 months no thanks to new tech in bitcoin mining side...

if we base it on past performance of bitcoin... we know speculation is high so we've seen it jump to 1000$... bear in mind this wasnt at a block halving also the difficulty was very low compared to today.

Now bitcoin is gaining momentum which is great... On my side of the world bitcoin has be an inflation buster... we see it holding value especially in emerging economies. We know the CNY has been manipulated to fufill government needs as for the USD its the reserve currency of the world and then you have the EUR and GBP which with whats happeing in Europe at the mo' might come under pressure.

so.. for me price should be stable as long as hasrate of the network is stable and doesnt jump... if the hash rate jumps you can bet miners are gonna sell the coins for more to cover costs...

and the halving... well this is interesting as this is forced mathematically supply constraint i.e forced value holding mechanism..

Like I said earlier Miners wanna get paid... and if they just have to take the same amount they taking now the price would have to double and be stable just to be the same  $$ dollar wise take home money as it is now... FYI allot of miners have upgraded their equipment that wouldnt have had all their ROI back before the halving.

now lets say price stays the same and the block reward halves... what this would mean is some miners would stop validating transactions hasrate comes down... but all of this make no difference in dollar terms because a block is generated evey 10 min so the revenue per day for miners is caped per day... at 1800 bitcoins at $420 instead of 3600 at $420 you see the problem here...

transaction volumes will still be the same so this transistion period will see lag on the network unless price goes up and the miners stay.

All interesting factors that will influence price.

For me at the halving or the weeks before, the bitcoin price is gonna move all over the place In excess of $1000 to $1500 and recheck back down ofter profit taking at around $900 -$800 and then equalise over 6 months to about $700. after the guys have got their equiment paid up.

But if their is an economic crash like 2008 then its gonna equalise alot higher.. not becuase bitcoin has appreciated but becuase the other currencies have depreciated...

just my 5 satoshies

[azguard]

i think price is going to be stable at $400<BTC<$500 for a couple of more months and then something is going to happen with a lot of hype the price is going to be pushed to >$800 over 1-2 months then start to come back to $500 and then continue normal growth

I have a similar, maybe a bit more conservative view on the price action this year. I see $500-600 as the top of the range, if there is no new fundamental developments (direction mass adoption).

It also may next stable price range after halving and that may be really good
also as mentioned may price go little off after halving but stable may be 500-600 range after that

[italianobitcoin]

i think price is going to be stable at $400<BTC<$500 for a couple of more months and then something is going to happen with a lot of hype the price is going to be pushed to >$800 over 1-2 months then start to come back to $500 and then continue normal growth

I have a similar, maybe a bit more conservative view on the price action this year. I see $500-600 as the top of the range, if there is no new fundamental developments (direction mass adoption).

It also may next stable price range after halving and that may be really good
also as mentioned may price go little off after halving but stable may be 500-600 range after that

Bitcoin will have a good future later. It will be not only this year good, but in the future it will be more after a few years.
It will take a long time to have a high value, you can even see now that the price is not rising that much.
So we have to wait a long time to make some profit.

[Dux2K]

For me at the halving or the weeks before, the bitcoin price is gonna move all over the place In excess of $1000 to $1500 and recheck back down ofter profit taking at around $900 -$800 and then equalise over 6 months to about $700. after the guys have got their equiment paid up.

Im sceptic about but would like to see that price fot sure i just hope it will come to it

[uki]

i think price is going to be stable at $400<BTC<$500 for a couple of more months and then something is going to happen with a lot of hype the price is going to be pushed to >$800 over 1-2 months then start to come back to $500 and then continue normal growth

I have a similar, maybe a bit more conservative view on the price action this year. I see $500-600 as the top of the range, if there is no new fundamental developments (direction mass adoption).

But I guess you will change your view once the price increase of bitcoin is started along with halving. Because the higher prices will trigger all the development needed for bitcoin ecosystem. I believe we can not predict the top of price range now itself.

No, my prediction actually included halving 'pump'.
It should be also the other way round, first the innovation then a higher valuation.

[1Referee]

i think price is going to be stable at $400<BTC<$500 for a couple of more months and then something is going to happen with a lot of hype the price is going to be pushed to >$800 over 1-2 months then start to come back to $500 and then continue normal growth

I have a similar, maybe a bit more conservative view on the price action this year. I see $500-600 as the top of the range, if there is no new fundamental developments (direction mass adoption).

But I guess you will change your view once the price increase of bitcoin is started along with halving. Because the higher prices will trigger all the development needed for bitcoin ecosystem. I believe we can not predict the top of price range now itself.

No, my prediction actually included halving 'pump'.
It should be also the other way round, first the innovation then a higher valuation.

I agree that there should be some decent action first and as result to that a higher price afterwards, but what innovation are you realistically expecting this year? I can't think of any.

[Erzatium]

It is really hard to know for what is going to happen in 2016 with Bitcoin, but I think that Bitcoin will be have a good year this year.
Bitcoin is a currency and that is really hard to predict because it is every time changing and that is not good.
But you can see that the value is stable and the halving is also coming so we should have to wait for what will happen with it.

[azguard]

It is really hard to know for what is going to happen in 2016 with Bitcoin, but I think that Bitcoin will be have a good year this year.
Bitcoin is a currency and that is really hard to predict because it is every time changing and that is not good.
But you can see that the value is stable and the halving is also coming so we should have to wait for what will happen with it.

it always hard and always is the same predictions speculations and assumptions
all the same

[maxj57634]

i think price is going to be stable at $400<BTC<$500 for a couple of more months and then something is going to happen with a lot of hype the price is going to be pushed to >$800 over 1-2 months then start to come back to $500 and then continue normal growth

I have a similar, maybe a bit more conservative view on the price action this year. I see $500-600 as the top of the range, if there is no new fundamental developments (direction mass adoption).

But I guess you will change your view once the price increase of bitcoin is started along with halving. Because the higher prices will trigger all the development needed for bitcoin ecosystem. I believe we can not predict the top of price range now itself.

No, my prediction actually included halving 'pump'.
It should be also the other way round, first the innovation then a higher valuation.

I agree that there should be some decent action first and as result to that a higher price afterwards, but what innovation are you realistically expecting this year? I can't think of any.

The innovation of bitcoin depends on the developers if they see fit in bitcoin,but if the developers doesnt agree on one thing then bitcoin wont evolve.