The Price of Bitcoin is Now Double What It Was One Year Ago

[ChrisPop]

Bitcoin prices have more than doubled over the last year, enjoying a period of reasonable growth as the digital currency continues to establish its legitimacy.

Global bitcoin prices reached an inter-day high of $470.16 on 26th April, more than 100% above the inter-day high of $219.93 reached on the same day in 2015.

http://www.coindesk.com/bitcoin-price-double-2015/

So what do you think? Will it double again until 26th April 2017?   In my view it will as halving is coming.

[pedrog]

It's also less than half of the all time high value, but yes, it will probably continue to increase and perhaps a new bubble on the horizon.

[Real-Duke]

Everybody of us hopes so but unfortunately we have to wait and see what happen! Maybe the halving is already included into the actual BTC Price and we stay around 460$ for the next month!
Keep fingers crossed that I'm not right on this  

[tiffyroman]

The halving rally has started. My best guess it that the price would go as far as $750 by the end of the year.

[Winoc]

Bitcoin price will be rising up if more people join with us. That is the point.

[Jemzx00]

Bitcoin prices have more than doubled over the last year, enjoying a period of reasonable growth as the digital currency continues to establish its legitimacy.

Global bitcoin prices reached an inter-day high of $470.16 on 26th April, more than 100% above the inter-day high of $219.93 reached on the same day in 2015.

http://www.coindesk.com/bitcoin-price-double-2015/

So what do you think? Will it double again until 26th April 2017?   In my view it will as halving is coming.

It will definitely go double or more since there will be a Bitcoin Halving event, this year. So just like what you've said that it go double last year to this year without any event like this incoming halving.

[doublemore]

Yeah it has doubled over that time period but its also halved in price since november 2013.  Depends how you want to look at it you could argue it has clawed back some of the value it lost.  Why i think that is a good way to look at it is the volumes have been quite low while its been going up so it makes sense.

[Amph]

It's also less than half of the all time high value, but yes, it will probably continue to increase and perhaps a new bubble on the horizon.

yes but the all time value lasted what few week? this increase has been there since months, so it's not fair to comapre the two

you are comparing un unstable increase to a much more stable increase

[sakinaka]

The halving rally has started. My best guess it that the price would go as far as $750 by the end of the year.

It will surely reach that point at the peak of the bubble, but the I think that the new floor will be established at around 600$.

[pedrog]

It's also less than half of the all time high value, but yes, it will probably continue to increase and perhaps a new bubble on the horizon.

yes but the all time value lasted what few week? this increase has been there since months, so it's not fair to comapre the two

you are comparing un unstable increase to a much more stable increase

Well, the all time high lasted like a minute.

But it was above $700 for months...

[Wapinter]

Bitcoin prices have more than doubled over the last year, enjoying a period of reasonable growth as the digital currency continues to establish its legitimacy.

Global bitcoin prices reached an inter-day high of $470.16 on 26th April, more than 100% above the inter-day high of $219.93 reached on the same day in 2015.

http://www.coindesk.com/bitcoin-price-double-2015/

So what do you think? Will it double again until 26th April 2017?   In my view it will as halving is coming.

Not just halving but many positive things is going to happen for bitcoin in near future like acceptance of bitcoin by many governments,more bitcoin users and of course halving will all lead to price increase

[lrdeoliveira]

I'm pretty sure that the miners to continue their business need high value coins, so price can double again

[tiggytomb]

I believe so, might even double this year but at the rate it is growing right now I think we'll be happy with a nice steady increase instead of peaks and troughs.

[teddy5145]

Bitcoin price will be rising up if more people join with us. That is the point.

Actually, the one that rises the price are the demand for bitcoin, even if bitcoin has many users using it if they decided to hold the bitcoin the price won't move at all

We see a price spike because of the halving rally that's happening right now, might continue gradually until the halving itself

I'm pretty sure that the miners to continue their business need high value coins, so price can double again

Yep, If the miner can't make profit anymore they will leave the mining scene, and with that the difficulty will lower itself
So even if the price wasn't increasing the miners can still make profit with the difficulty, though mining nowadays is not that profitable anymore unless you have a mining rig, We can't use our GPU anymore for mining

[delliaerd]

Bitcoin prices have more than doubled over the last year, enjoying a period of reasonable growth as the digital currency continues to establish its legitimacy.

Global bitcoin prices reached an inter-day high of $470.16 on 26th April, more than 100% above the inter-day high of $219.93 reached on the same day in 2015.

http://www.coindesk.com/bitcoin-price-double-2015/

So what do you think? Will it double again until 26th April 2017?   In my view it will as halving is coming.

Of course I believe that bitcoin will increase the price in the 2017. Every years bitcoin gain up the price periodically. Even if in the next year bitcoin not reach double now price , at least the price touch 500 Dollars each.

[Rubberduckie]

The halving rally has started. My best guess it that the price would go as far as $750 by the end of the year.

Not sure if it gets that high but I dont see any reason at halving we arnt back at 600 like last year

Everyone start buying while you can

[Doms]

i'm both excited and nervous as to what the future has in store for bitcoin. Will the bubble burst this year, and at what price would that be? If ever the price plummets, nobody knows to what levels it could fall. Should I sell when I'm at 50% profit already. But what if it reaches 100% just like it did last year? Ah, the dilemmas I'm facing.

[Hamaber]

i'm both excited and nervous as to what the future has in store for bitcoin. Will the bubble burst this year, and at what price would that be? If ever the price plummets, nobody knows to what levels it could fall. Should I sell when I'm at 50% profit already. But what if it reaches 100% just like it did last year? Ah, the dilemmas I'm facing.

For the price of bitcoin at $450 or 500, there is no bubble. If the bitcoin price rises 100% a month, there is bubble.

[pooya87]

i'm both excited and nervous as to what the future has in store for bitcoin. Will the bubble burst this year, and at what price would that be? If ever the price plummets, nobody knows to what levels it could fall. Should I sell when I'm at 50% profit already. But what if it reaches 100% just like it did last year? Ah, the dilemmas I'm facing.

there should be a bubble in the first place to burst, and there is none yet!
and as for your selling, have you ever thought about not selling bitcoin and maybe look into bitcoin a little more to see what bitcoin is? and maybe use it as a currency instead of just some investment that you dump on the first rise!

[~Bitcoin~]

I think it will be doubled by next year like this as bitcoin is still undervalued and upcoming halving is creating quite promising speculation in market. So i personally will not be amazed if we see bitcoin at 1000$+ by next year.