Will bitcoin hit $600 this year or down to $200?

[tenaciouzd]

I think bitcoin is now the best online invest option.But before investing part of  capital in bitcoin, i would like to know what people think about bitcoin price will stay on this year.I do think that it will rise up to $600 but i am asking myself why it wouldn't down to $200 this year?

Will it hit $600 this year or down to $200? let me know what you think about it.

 

[Amph]

down to 200 would mean no more profit for miner, it would force the diff to fall considerable, 600 is a better estimate

but do not make the mistake to think that the increase must come before the halving, at present the current price can face the halving already, so it may come at the end of the year or even on the early of the 2017

[FruitsBasket]

It will go to 600 dollar of course
This must happen because maximal 21 million bitcoins are mined and every 4 years is halving and then we are able to get half the reward per block from the period before. So it will go like so much btc are mined, this is just an example, not reality:

10million btc, then it will be after halving 5million.

So because of this the market price will go up, less btc are earned in the same time range, so price must go up to compensate.

[Red-Apple]

i don't think we can see $200 ever again,it is long gone. and miners (who will get hit hard for this) will not let this happen, they have a lot of bitcoin stored that can influence the price.
besides the popularity of bitcoin has gone up from last year when the price was $200 which means more investment (demand) which can only bring the price up.

[Piltover]

Than the chance will be higher that it will reach the $600 this year, Bitcoin cant be go to that low. If it is not rising than it will be stable.
It wont fall, because we all also know that the halving is coming for Bitcoin and we dont know what will happen after that.
We just have to wait and see for what is going to happen with the coin.

[quadriple7]

I think bitcoin is now the best online invest option.But before investing part of  capital in bitcoin, i would like to know what people think about bitcoin price will stay on this year.I do think that it will rise up to $600 but i am asking myself why it wouldn't down to $200 this year?

Will it hit $600 this year or down to $200? let me know what you think about it.

 

well it won't go to 200$, and it will rise to 700$ i think, at end of the year we will see 700$ or more, mainly because f halving, halving is most important event for bitcoin this year for sure, and it will change price for sure

[hasiramasenju]

i have no idea to answers your questions because nobody else could predict bitcoin prices on the future and honestly i do not expect prices back to $200 again and expect could reach to $600 or more but once again i had only could to hoping this is would happen

[BitAurum]

i have no idea to answers your questions because nobody else could predict bitcoin prices on the future and honestly i do not expect prices back to $200 again and expect could reach to $600 or more but once again i had only could to hoping this is would happen

No one can predict the bitcoin price due to its volatile nature but we can guess the price by looking at the past patterns.

[richardsNY]

My guess is that we will definitely reach a price of $600 this year. It's a good and decent price target for this year. $200 on the other hand isn't very realistic and will not happen this year.

[maokoto]

Sub 200 is less likely than reaching to 600, although I do not think that any of the two will happen. It will likely dwelve between 350 and 500

[Nimbulan]

Sub 200 is less likely than reaching to 600, although I do not think that any of the two will happen. It will likely dwelve between 350 and 500

thats true, hopefully we will see some bigger increases this year because of bitcoin block halving

in my opinion we surely can reach something like 600 right now because people seem to be interested in bitcoin

[Devesh]

My guess is that we will definitely reach a price of $600 this year. It's a good and decent price target for this year. $200 on the other hand isn't very realistic and will not happen this year.

yes i agree more and more investor are buying bitcoin so the price wont go down $200 or below before or after halving in my opinion.

[mrhelpful]

Bitcoins been bullish for a very long time.

I cant pull up charts from when it was back in 0.72 cents or whatever it started.

But the signs are there that if it took over 6years to where we are. I dont think it`ll drop back down to $200.

[Lokfar]

Than it will be a higher chance the value is going to reach the $600 this year, because the price is now also stable and that is good.
And of course we dont know what will happen with the value of Bitcoin but it is good to be positive about it.
We just have to wait and see for what is going to happen with the value.

[Corenin]

My guess is that we will definitely reach a price of $600 this year. It's a good and decent price target for this year. $200 on the other hand isn't very realistic and will not happen this year.

yes i agree more and more investor are buying bitcoin so the price wont go down $200 or below before or after halving in my opinion.

Yeah and I think bitcoin has potential to reach $600 at the time of halving, but I don't think it can fall down to $200 in this year as we are expecting higher value in this year.

[a7mos]

it is so hard to bitcoin to go down to $200 this year. a lot of traders are willing to buy more and more btc before the price reaches these low levels. and I do not see a reason that will drive the price to this low level. about $600 this year , Maybe after halving this will happen

[Herbert2020]

$200 seems highly unlikely to me, mostly because of the but resistance there is for bitcoin and also as it was mentioned the miners is going to lose money on mining if the price goes down.
besides with bitcoin adoption growing the price has to go up.

[uki]

Sub 200 is less likely than reaching to 600, although I do not think that any of the two will happen. It will likely dwelve between 350 and 500

I definitely agree with this opinion. I also think $500-600 as the most likely target due to halving, most likely without touching the upper band. If something important fundamentally happens on top of halving, then we may reach above $600.

[haileysantos95]

Bitcoin will certainly hit 600 this year before the year ends but it wont go down to 200 as there is no current reason for the price of bitcoin to be that down.

[omahapoker]

I dont think 600 is realistic... after the halving, the price will go up, but I think it will stabalize around 500...