The Great Bitcoin Rally of 2016

[TerraFrutis]

The revolution has begun! Yeehaw. 

("The Great Bitcoin Rally of 2016" has a nice ring to it.)

[hermanhs09]

The trend in the monetary world is having a cashless society. For good or bad, bitcoin could play an integral part and we stand to gain massively. Even a sum of 10 bitcoins will be life changing.

Yeah definitely. Bitcoin can be the perfect currency in a cashless, virtual society. We need a replacement for chunky people of gold and silver somehow, and the answer lies in Bitcoin in my opinion.

The party has just started boys

[Washika]

The revolution has begun! Yeehaw. 

("The Great Bitcoin Rally of 2016" has a nice ring to it.)

That is a good rally. But the pace is too fast. If it rises 10% a month, I will not be too worried about the performance.

[dmwardjr]

The revolution has begun! Yeehaw. 

("The Great Bitcoin Rally of 2016" has a nice ring to it.)

Yes, it does.  However, I believe 2017 will make 2016 look like playing poker at the kiddy table.

[Washika]

The revolution has begun! Yeehaw. 

("The Great Bitcoin Rally of 2016" has a nice ring to it.)

Yes, it does.  However, I believe 2017 will make 2016 look like playing poker at the kiddy table.

In percentage terms, the rise in 2017 could be lower than the 2016. In 2016, the price could triple, in 2017, it could only double.

[dmwardjr]

The revolution has begun! Yeehaw.  

("The Great Bitcoin Rally of 2016" has a nice ring to it.)

Yes, it does.  However, I believe 2017 will make 2016 look like playing poker at the kiddy table.

In percentage terms, the rise in 2017 could be lower than the 2016. In 2016, the price could triple, in 2017, it could only double.

I can see your point of view from that perspective.  However, I'm taking into account other things going on in our world economy that may create flight from FIAT into crypto.  2016 is only the beginning of a massive pump to last for several years to come.

EDIT:  I can see $14,000 per BTC by end of 2017 quite easily.  [That's being VERY conservative IMO].

FOMO is nothing compared to FOLOF (Fear Of Losing On Fiat).  Many will seek to hedge potential losses from their own currency devaluing by purchasing crypto.  We could have as many as 100,000,000 Chinese purchase bitcoin by end of 2017.

[NUFCrichard]

The revolution has begun! Yeehaw.  

("The Great Bitcoin Rally of 2016" has a nice ring to it.)

Yes, it does.  However, I believe 2017 will make 2016 look like playing poker at the kiddy table.

In percentage terms, the rise in 2017 could be lower than the 2016. In 2016, the price could triple, in 2017, it could only double.

I can see your point of view from that perspective.  However, I'm taking into account other things going on in our world economy that may create flight from FIAT into crypto.  2016 is only the beginning of a massive pump to last for several years to come.

EDIT:  I can see $14,000 per BTC by end of 2017 quite easily.  [That's being VERY conservative IMO].

FOMO is nothing compared to FOLOF (Fear Of Losing On Fiat).  Many will seek to hedge potential losses from their own currency devaluing by purchasing crypto.  We could have as many as 100,000,000 Chinese purchase bitcoin by end of 2017.

I am not sure you understand what conservative means! 
I would put a VERY conservative estimate at $200 for the end of 2017.  I expect that it will be higher and $14k is not impossible, if unlikely.

I get that you will say that if just 5% of the Chinese move just 2% of their money into bitcoin then... but that is very speculative, not conservative

[zimmah]

The trend in the monetary world is having a cashless society. For good or bad, bitcoin could play an integral part and we stand to gain massively. Even a sum of 10 bitcoins will be life changing.

Of course, otherwise people would hover agree with negative interest rates, but if you just make the option to go cash unavailable than they have no choice but to comply.

That's how government and banks keep fucking everybody over, they make changes that appear to be good to steer everyone in a position they don't want to be in, but they never realize it until it's too late.