The Great Bitcoin Rally of 2016

[arwin100]

if it turns out as predicted, $50000 by march 2017 would be plausible.

That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about.

Theories and fractals and friends are all well and good but don't play along with the real world.

What da f thats to much prediction for you men,  bitcoins price didnt really reach for that price as you mentioned and I see the biggest price reached by bitcoin in history is at 1k$ and follows by big crash hope it will not happen for this time, but for predicting bitcoin will reach to 50000 thats a lot of zero for predictinng and very imposible to happen and manny money tO invest so the price will go to that,  but the nearly prediction price is @ 700-800$ mark by that it can be decent and true to come prediction and we can say safe zone for bitcoin to avoid big crash

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[zimmah]

if it turns out as predicted, $50000 by march 2017 would be plausible.

That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about.

Theories and fractals and friends are all well and good but don't play along with the real world.

What da f thats to much prediction for you men,  bitcoins price didnt really reach for that price as you mentioned and I see the biggest price reached by bitcoin in history is at 1k$ and follows by big crash hope it will not happen for this time, but for predicting bitcoin will reach to 50000 thats a lot of zero for predictinng and very imposible to happen and manny money tO invest so the price will go to that,  but the nearly prediction price is @ 700-800$ mark by that it can be decent and true to come prediction and we can say safe zone for bitcoin to avoid big crash

it will happen.

huge rallies cause the price to overshoot and then a large correction happens, but it will always end up being higher in the end.

what you fail to understand is that bitcoin is LIMITED and therefore the only thing that actually is impossible is for the price to stay this low.

assuming bitcoin will be adopted by more users it means the price will have to go up. And not by just $50 either.

More like by 100x at least.

Even $700~$800 is way too low.

Next rally will go to ~$3000 at least, but more likely $5000

If there is one after that (most likely in 2017) expect to see 5 digits (40~50k)

it's inevitable.

Imagine 30 million people (and 30 million people is not a lot on over 7 billion people worthwide) all want to buy 1 bitcoin for $500. We won't have enough bitcoin. So they will have to bid higher and higher. The 'poorer' people will have to live with less than 1 bitcoin.

I can not stress this enough:

the average amount of bitcoin people will have is less than 0.003 bitcoin

so therefore, 1 bitcoin has to be an INSANE amount of money. and $50k is just the start. f you think otherwise, basically you're saying bitcoin will never be used by more than ~10 million people. And that's an even more insane prediction than the ones i am making.

Just because you lack logic and mathematical skills doesn't make me delusional. I base my predication on math and logic, you base your predictions on what your 'feelings' tell you is 'right'

if it turns out as predicted, $50000 by march 2017 would be plausible.

That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about.

Theories and fractals and friends are all well and good but don't play along with the real world.

What da f thats to much prediction for you men,  bitcoins price didnt really reach for that price as you mentioned and I see the biggest price reached by bitcoin in history is at 1k$ and follows by big crash hope it will not happen for this time, but for predicting bitcoin will reach to 50000 thats a lot of zero for predictinng and very imposible to happen and manny money tO invest so the price will go to that,  but the nearly prediction price is @ 700-800$ mark by that it can be decent and true to come prediction and we can say safe zone for bitcoin to avoid big crash

i generally say that any price over $1000-$2000 is hard to reach and will require more than 6 months and also any price above $5000 is impossible to reach. because 5K will require a lot of adoption alone and above that gets lower chance.
and in the end any huge number for price like 10K or 50K in this case is just numbers with no reality to them.

less than 1 month is all it took to go from ~$230 to ~$1200

yes it crashed back to $900 or so, but still, you guys seem to forgot this ever happened and seem to claim it's impossible.

well guess what, the impossible already happened 3 times and it's about to happen again.

also, red the red part.

[Herbert2020]

if it turns out as predicted, $50000 by march 2017 would be plausible.

That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about.

Theories and fractals and friends are all well and good but don't play along with the real world.

What da f thats to much prediction for you men,  bitcoins price didnt really reach for that price as you mentioned and I see the biggest price reached by bitcoin in history is at 1k$ and follows by big crash hope it will not happen for this time, but for predicting bitcoin will reach to 50000 thats a lot of zero for predictinng and very imposible to happen and manny money tO invest so the price will go to that,  but the nearly prediction price is @ 700-800$ mark by that it can be decent and true to come prediction and we can say safe zone for bitcoin to avoid big crash

i generally say that any price over $1000-$2000 is hard to reach and will require more than 6 months and also any price above $5000 is impossible to reach. because 5K will require a lot of adoption alone and above that gets lower chance.
and in the end any huge number for price like 10K or 50K in this case is just numbers with no reality to them.

[Washika]

if it turns out as predicted, $50000 by march 2017 would be plausible.

That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about.

Theories and fractals and friends are all well and good but don't play along with the real world.

What da f thats to much prediction for you men,  bitcoins price didnt really reach for that price as you mentioned and I see the biggest price reached by bitcoin in history is at 1k$ and follows by big crash hope it will not happen for this time, but for predicting bitcoin will reach to 50000 thats a lot of zero for predictinng and very imposible to happen and manny money tO invest so the price will go to that,  but the nearly prediction price is @ 700-800$ mark by that it can be decent and true to come prediction and we can say safe zone for bitcoin to avoid big crash

i generally say that any price over $1000-$2000 is hard to reach and will require more than 6 months and also any price above $5000 is impossible to reach. because 5K will require a lot of adoption alone and above that gets lower chance.
and in the end any huge number for price like 10K or 50K in this case is just numbers with no reality to them.

The price of $1000 could be reached after very big good news. The $5000 is the price for 2020.

[zimmah]

if it turns out as predicted, $50000 by march 2017 would be plausible.

That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about.

Theories and fractals and friends are all well and good but don't play along with the real world.

What da f thats to much prediction for you men,  bitcoins price didnt really reach for that price as you mentioned and I see the biggest price reached by bitcoin in history is at 1k$ and follows by big crash hope it will not happen for this time, but for predicting bitcoin will reach to 50000 thats a lot of zero for predictinng and very imposible to happen and manny money tO invest so the price will go to that,  but the nearly prediction price is @ 700-800$ mark by that it can be decent and true to come prediction and we can say safe zone for bitcoin to avoid big crash

i generally say that any price over $1000-$2000 is hard to reach and will require more than 6 months and also any price above $5000 is impossible to reach. because 5K will require a lot of adoption alone and above that gets lower chance.
and in the end any huge number for price like 10K or 50K in this case is just numbers with no reality to them.

The price of $1000 could be reached after very big good news. The $5000 is the price for 2020.

by 2020 we should be at around $100,000 if not more

[Washika]

if it turns out as predicted, $50000 by march 2017 would be plausible.

That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about.

Theories and fractals and friends are all well and good but don't play along with the real world.

What da f thats to much prediction for you men,  bitcoins price didnt really reach for that price as you mentioned and I see the biggest price reached by bitcoin in history is at 1k$ and follows by big crash hope it will not happen for this time, but for predicting bitcoin will reach to 50000 thats a lot of zero for predictinng and very imposible to happen and manny money tO invest so the price will go to that,  but the nearly prediction price is @ 700-800$ mark by that it can be decent and true to come prediction and we can say safe zone for bitcoin to avoid big crash

i generally say that any price over $1000-$2000 is hard to reach and will require more than 6 months and also any price above $5000 is impossible to reach. because 5K will require a lot of adoption alone and above that gets lower chance.
and in the end any huge number for price like 10K or 50K in this case is just numbers with no reality to them.

The price of $1000 could be reached after very big good news. The $5000 is the price for 2020.

by 2020 we should be at around $100,000 if not more

It depends on the mass adoption. If more than 10 million people use the bitcoin regularly, $100,000 is achievable.

[asrilani]

if it turns out as predicted, $50000 by march 2017 would be plausible.

That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about.

Theories and fractals and friends are all well and good but don't play along with the real world.

What da f thats to much prediction for you men,  bitcoins price didnt really reach for that price as you mentioned and I see the biggest price reached by bitcoin in history is at 1k$ and follows by big crash hope it will not happen for this time, but for predicting bitcoin will reach to 50000 thats a lot of zero for predictinng and very imposible to happen and manny money tO invest so the price will go to that,  but the nearly prediction price is @ 700-800$ mark by that it can be decent and true to come prediction and we can say safe zone for bitcoin to avoid big crash

i generally say that any price over $1000-$2000 is hard to reach and will require more than 6 months and also any price above $5000 is impossible to reach. because 5K will require a lot of adoption alone and above that gets lower chance.
and in the end any huge number for price like 10K or 50K in this case is just numbers with no reality to them.

The price of $1000 could be reached after very big good news. The $5000 is the price for 2020.

by 2020 we should be at around $100,000 if not more

It depends on the mass adoption. If more than 10 million people use the bitcoin regularly, $100,000 is achievable.

I hear that the effect of the network effect is that the price is the square of the number of users. So if the number of users is increased to 10 million, the price is 400 times higher.

[zimmah]

if it turns out as predicted, $50000 by march 2017 would be plausible.

That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about.

Theories and fractals and friends are all well and good but don't play along with the real world.

What da f thats to much prediction for you men,  bitcoins price didnt really reach for that price as you mentioned and I see the biggest price reached by bitcoin in history is at 1k$ and follows by big crash hope it will not happen for this time, but for predicting bitcoin will reach to 50000 thats a lot of zero for predictinng and very imposible to happen and manny money tO invest so the price will go to that,  but the nearly prediction price is @ 700-800$ mark by that it can be decent and true to come prediction and we can say safe zone for bitcoin to avoid big crash

i generally say that any price over $1000-$2000 is hard to reach and will require more than 6 months and also any price above $5000 is impossible to reach. because 5K will require a lot of adoption alone and above that gets lower chance.
and in the end any huge number for price like 10K or 50K in this case is just numbers with no reality to them.

The price of $1000 could be reached after very big good news. The $5000 is the price for 2020.

by 2020 we should be at around $100,000 if not more

It depends on the mass adoption. If more than 10 million people use the bitcoin regularly, $100,000 is achievable.

10 million isn't even remotely close to mass adoption.


Bitcoin is somewhere between 1 and 5 million users right now, so at the very beginning of that chart.

If we grow at a rate similar to facebook, we should have 100 million users by 2020. and close to a billion in 2024.

Now what do you think that would do to demand, and price?

[Washika]

100 million users in 2020 is 50 times of the present value. So the price will be 2500 times higher then.

[Zosinburg]

100 million users in 2020 is 50 times of the present value. So the price will be 2500 times higher then.

In theory, it could be true. But it is not easy to achieve. The number of user can be no more than 10 million.

[asrilani]

100 million users in 2020 is 50 times of the present value. So the price will be 2500 times higher then.

In theory, it could be true. But it is not easy to achieve. The number of user can be no more than 10 million.

It is possible for the user number to be 50 million in 4 years if there are good main stream media exposure.

[BTCLovingDude]

100 million users in 2020 is 50 times of the present value. So the price will be 2500 times higher then.

In theory, it could be true. But it is not easy to achieve. The number of user can be no more than 10 million.

It is possible for the user number to be 50 million in 4 years if there are good main stream media exposure.

this will happen soon, and it has already started.
especially after the price rise up untill now there will be a lot more attention from people and the media to bitcoin and all of that will bring more investors in.
and if there is a big rise then there will be even more attention and media coverage which will bring much more people in.

[zimmah]

100 million users in 2020 is 50 times of the present value. So the price will be 2500 times higher then.

2500 times higher with just 100 million users?

that seems really unlikely, I'm very positive about bitcoin and  believe the price will skyrocket at some point, especially once adoption grows, but 2500 times? That's an awful lot.

[elux]

New ATH 2016 ^®™

[bit1]

Very close to reach the max. level on marketcap  happened on Dec  2013   wich was aprox.13.5B , but still lack the enormous sum of 3B.

[Ahab_Hunter_of_BearWhale]

Coinbase is leading this rally.  

Probably the most telling sign that this is new money pumping the price, not just traders manipulating it.

I would like to know from where do you get the impression that new money is driving the price up. I can't find anything that makes me see a difference between new money and money already in the market.

This rally was led by Coinbase - the reason I say that it was several dollars higher than all other exchanges for most of this rally. Coinbase is the main way new people buy bitcoins, at least here in the states. It certainly surprised me this happened - and now that they take debit cards for instant purchases we might see more of these rallys as it just got easier to buy - before, you needed a credit card on your account to purchase instantly.

Nah, 90%+ of the buying is coming from China.

[elux]

[1Referee]

Coinbase is leading this rally.  

Probably the most telling sign that this is new money pumping the price, not just traders manipulating it.

I would like to know from where do you get the impression that new money is driving the price up. I can't find anything that makes me see a difference between new money and money already in the market.

This rally was led by Coinbase - the reason I say that it was several dollars higher than all other exchanges for most of this rally. Coinbase is the main way new people buy bitcoins, at least here in the states. It certainly surprised me this happened - and now that they take debit cards for instant purchases we might see more of these rallys as it just got easier to buy - before, you needed a credit card on your account to purchase instantly.

Nah, 90%+ of the buying is coming from China.

China is leading for sure. Just look at the price there! It's like November 2013 where the price is only going up and up. Every time you think this is the top, the price will demolish that price level and continue to go up. It's insane!

[Cyaren]

It has begun.

What a prediction, lol. Thinking back I should have taken everyone's advice more seriously and bought all that I could instead of only buying with a portion of my income. Now I'm regretting.

But a great rallying happening right now. Go BTC!

[Cybertron00]

I will just watch and see what will happen to bitcoin, if it suddenly comes to a fall ill try to sell before a great fall. After the great fall I will buy then wait for a new rally in price.