Why Bitcoin price could hit all time highs in 2016

[uki]

Miners are dumping about 4k newly minted coins daily on the exchanges to pay off expenses. 

Provided that demand remains the same, and only half that is dumped post July, the math suggests a price increase.

The halving is no guarantee for a price decrease. Just look back at the last halving. And you will see most of the time the price stays the same.
My bet is this halving the price will increase, not because of the halving but because of new money coming in.

Wall Street, China, there are plenty of parties looking towards bitcoins these days.

I agree that you need the new money to flow into Bitcoin to start moving the price up. I am sceptical however if the new money is willing to risk that. What, apart from halving, would attract new money? We do not have new fundamental developments for a longer whiile now.

[Mobius]

Without the willy bot, we can finally get an indication to what a halving will do to the BTC price. The landscape is VERY different to back in 2013 - in particular, there is no longer a central exchange like Mt Gox.

[HarryKPeters]

Miners are dumping about 4k newly minted coins daily on the exchanges to pay off expenses. 

Provided that demand remains the same, and only half that is dumped post July, the math suggests a price increase.

The halving is no guarantee for a price decrease. Just look back at the last halving. And you will see most of the time the price stays the same.
My bet is this halving the price will increase, not because of the halving but because of new money coming in.

Wall Street, China, there are plenty of parties looking towards bitcoins these days.

I agree that you need the new money to flow into Bitcoin to start moving the price up. I am sceptical however if the new money is willing to risk that. What, apart from halving, would attract new money? We do not have new fundamental developments for a longer whiile now.

That is really hard to say. Because you never know what will happen in the future and that is the problem. Of course we all hope that it will be more worth.
But you are not sure if that can happen and that it will rise for a long time. It is a currency and that is impossible to predict.

[randy8777]

Without the willy bot, we can finally get an indication to what a halving will do to the BTC price. The landscape is VERY different to back in 2013 - in particular, there is no longer a central exchange like Mt Gox.

you are right, willy the bot is gone. but don't forget we still have okcoin and huobi that will perform some nice tricks in order to get the price to peak. just wait for it.

[armansolis593]

Without the willy bot, we can finally get an indication to what a halving will do to the BTC price. The landscape is VERY different to back in 2013 - in particular, there is no longer a central exchange like Mt Gox.

you are right, willy the bot is gone. but don't forget we still have okcoin and huobi that will perform some nice tricks in order to get the price to peak. just wait for it.

I wonder what those those will do with the coming halving,willy has been great to few who has join its ride hitting 1k+ bitcoin.

[gerXhonza]

Without the willy bot, we can finally get an indication to what a halving will do to the BTC price. The landscape is VERY different to back in 2013 - in particular, there is no longer a central exchange like Mt Gox.

you are right, willy the bot is gone. but don't forget we still have okcoin and huobi that will perform some nice tricks in order to get the price to peak. just wait for it.

Yeah it is predicted that it will reach $1k by the end of the year, if it reaches there then majority us would be very happy to see that price.


I wonder what those those will do with the coming halving,willy has been great to few who has join its ride hitting 1k+ bitcoin.

[fravia]

Well halving will rise bitcoins price very, very high, it's 401$ now,  so i think it will be around 800$ after halving

The price won't reach that high. This value depends on the halving. This year halving does't lead to a much variation in the price of bitcoin as it is experiencing gradual increase.

i agree, also price can't rise so high just because of halving, china won't rise price too, halving can make price go to 800$ only if we would have huge price before halving, like 600$, which i'm sure won't happen this year, so after halving price will be 550$ or even lower

[benmartin613]

Without the willy bot, we can finally get an indication to what a halving will do to the BTC price. The landscape is VERY different to back in 2013 - in particular, there is no longer a central exchange like Mt Gox.

you are right, willy the bot is gone. but don't forget we still have okcoin and huobi that will perform some nice tricks in order to get the price to peak. just wait for it.

Yeah it is predicted that it will reach $1k by the end of the year, if it reaches there then majority us would be very happy to see that price.


I wonder what those those will do with the coming halving,willy has been great to few who has join its ride hitting 1k+ bitcoin.

These coming halving will surely be fun to watch as this is not the same as few years back when there are bots running around the exchangers.

[OrangeII]

because so many news and issues that could make bitcoin prices to be high, and if it is true then it will make bitcoin high prices become a reality, so it is our hope in 2016

[Thaliron]

It should hit $600 in the near future I think it's only a matter of time. It's now at $400. Bitcoin is getting more and more popular. Many people see the opportunities that it can give you.

[Oscoda]

You never know what the value will be in the future and that is the problem. I hope that it will be more worth and that we can sell it with some good profit.
But that is really hard to predict because you never know what will happen and that is very bad.

[Asdereq]

It should hit $600 in the near future I think it's only a matter of time. It's now at $400. 

I and everybody here hope so.
That is true that its hard to predict price but you can check the trend and maybe predict a changes in nearest future
If it goes up and down you can check highest and lowest prices, connect them and see the trend.

[hasiramasenju]

everyday we are more closer to halving but seems bitcoin prices movement looks very slow and i'm so doubt the prices will more increases after halving

[romero121]

As the halving is scheduled to take place in this year, 2016 is considered to be the year to hit the highest price of all time. Most speculations indicate the price might reach upto $800.

[talks_cheep]

As the halving is scheduled to take place in this year, 2016 is considered to be the year to hit the highest price of all time. Most speculations indicate the price might reach upto $800.

I believe ATH was 1250 at the end of 2013. The price was, it is thought, wildly inflated due to MtGox and karpeles shenanigans. 380-420 is an organic price range. We will stay here for a long time to come, it is good for bitcoin.

[bakingbad]

everyday we are more closer to halving but seems bitcoin prices movement looks very slow and i'm so doubt the prices will more increases after halving

its still a really long time to go to be honest and the price increase will hit only a few days before halving in my opinion

people are still really careful right now as they are not sure whether the price will grow or not so they dont want to risk their money

[Herbert2020]

there are many reasons that can lead to price rise, the best one is more adoption that is growing everyday.

but about the 2016 rise i think the major reason is going to be the halving and the expectation that it has created among the investors for price rise.

[Redkan]

It depends on the halving and the block size increase. Halving can drive the price to $700. The block size increase could drive it to $1300.

[n691309]

It depends on the halving and the block size increase. Halving can drive the price to $700. The block size increase could drive it to $1300.

I think that with the inceasing of the block size bitcoin price can hit another level because there will be more transaction and will be a space to be integrated by bigger companies like Amazon, ebay which can bring lots of bitcoin users.

[mrhelpful]

Without the willy bot, we can finally get an indication to what a halving will do to the BTC price. The landscape is VERY different to back in 2013 - in particular, there is no longer a central exchange like Mt Gox.

you are right, willy the bot is gone. but don't forget we still have okcoin and huobi that will perform some nice tricks in order to get the price to peak. just wait for it.

Just know that it doesnt take much to manipulate your own exchange lol.

If the exchange is big enough, they can submit their own buy orders internally pumping its value and sell it off in small increments to level each year like companies buy back their stock.