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Doms
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June 06, 2016, 03:27:41 AM |
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There are a lot of talk going around how the price has been surging over the past couple of weeks. Some say that it is because of the devaluation of the yuan, others because of the weak stock market. There are a few who say that it is in preparation for the coming halving but no one is certain what the real cause is. It could be a combination of all these things, but to ask for $4k price after halving would be asking too much. It could go as high as that, maybe in the coming years, but not after this upcoming halving.
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Cyaren
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June 06, 2016, 07:23:50 AM |
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In previous halving price moved $10 to $1000 then dropped to $200 & steady for a long time So, growth = $10 X 20 = $200 Simple calculation After this halving price will go $200 X 20 = $4000 ?  Well, such a large pump seems unlikely at least for now. However, a strong rise in bitcoin value should be recorded after the halving. I would say that would be at least $200. But maybe 4 years after halving, we'll see a price of $4000. Nobody really knows. |
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Carlsen
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June 06, 2016, 07:37:39 AM |
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In previous halving price moved $10 to $1000 then dropped to $200 & steady for a long time So, growth = $10 X 20 = $200 Simple calculation After this halving price will go $200 X 20 = $4000 ? Well, such a large pump seems unlikely at least for now. However, a strong rise in bitcoin value should be recorded after the halving. I would say that would be at least $200. But maybe 4 years after halving, we'll see a price of $4000. Nobody really knows. I would not go that far, but I'm calculating with a rising pitcoin price to about 750$. And then a decrease in price. To what level I'm not sure. What ever, it's interesting to vollow the price developemen, cause it's changing every day. |
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InsideBjorn
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June 06, 2016, 07:39:05 AM |
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I see no reason for bitcoin to go upto $4k USD anytime soon.
The halving has already completed and the price has reached $570. $4k price is not a distant dream though. Wait for another 3 years and you may see it touch $4k USD.
I also so no reason why the price would suddenly rise to $4000 because we are to far away from that price. It will take a couple of years before we are hitting some big price like $4000. |
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CasioK
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June 06, 2016, 10:57:46 AM |
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I think the original poster is extremely optimistic person. I do no think that even it can reach 1000$ though.
No doubt. He's just another one of those too optimistic people that thinks bitcoin will rise at such a rate. And I don't get what he means by "$200 x 20 = $4000" What are these digits for exactly? I clearly have no idea what he was talking about. |
INVALID BBCODE: close of unopened tag in table (1)
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n2004al
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June 06, 2016, 11:19:53 AM |
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I see no reason for bitcoin to go upto $4k USD anytime soon.
The halving has already completed and the price has reached $570. $4k price is not a distant dream though. Wait for another 3 years and you may see it touch $4k USD.
Who told you that halving is already completed. According to my knowledge (which are very correct ones) the halving is yet to come. The blocks produce yet 25 bitcoin and I don't see where are you based to tell such thing.... As for the price of bitcoin 4K this is another question... |
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Etaurith
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June 06, 2016, 11:22:02 AM |
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The chance is really small that it can reach that and that is because the value of Bitcoin will be not that high now and you can also see that the value is going to be more worth soon.
But it wont jump to that high because it was already stable for a long time so it will takes a long time to rise.
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Atdhe
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Atdhe Nuhiu
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June 06, 2016, 11:55:21 AM |
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In Feb my estimation for EOY was 600-2K. I am still confident about that.
But the argument that before just few people knew about Bitcoins and therefore the price could hike up by 10-20x is not complete.
Because there are two arguments now why it can go even higher:
1. Who are the people who own bitcoins now? They are much more rich. Either they got richer with bitcoins or they are later-stages investors who already had money. But both are rich and both have high marginal propensity to save. This means that even with higher price they will tend to sell much less. In other words: before the hipster who suddenly got his 1st million of USD, he was selling btc and wanted a nice life. Now as the hike is something like going from 10 to 20 M usd, the btc owners will not want to sell that much, because they do not need money that much.
2. Point nr.1 is now stronger, because much less bitcoins remain to be mined and much higher percentage of btc is already held with people who are probably not willing to sell them.
So yes, the 10-20x hike now is not so likely, esp. because of tight margins of miners when fees are still low, but who knows. There are many factors. I think for now the halving is stil not priced in. I think we will go over 1K. I will personally start to sell around 1500, if we reach that and start to buy back at 1100, if it goes this way. It is possible we will go back to 6XX afterwards, but maybe not that much. Bitcoin now is a big thing in US gambling.
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yenxz
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June 06, 2016, 11:57:02 AM |
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In previous halving price moved $10 to $1000 then dropped to $200 & steady for a long time So, growth = $10 X 20 = $200 Simple calculation After this halving price will go $200 X 20 = $4000 ? glad if that really true and happen when halving come  but honestly i think its will not happen,very small chance for bitcoin reach that price,and we know previous halving is really different with this year. |
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ammy009 (OP)
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June 06, 2016, 11:59:51 AM |
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In previous halving price moved $10 to $1000 then dropped to $200 & steady for a long time So, growth = $10 X 20 = $200 Simple calculation After this halving price will go $200 X 20 = $4000 ? glad if that really true and happen when halving come but honestly i think its will not happen,very small chance for bitcoin reach that price,and we know previous halving is really different with this year. Why this halving is really different ? |
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23dzmaz
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June 06, 2016, 12:41:38 PM |
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The price of bitcoin now is 583,00 USD according to bitstamp and for $4000, it's really big one. I don't think bitcoin's price can reach $4000 after halving.
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pearl11
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June 06, 2016, 12:47:50 PM |
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Your just carried away made by the recent rally in bitcoin price,but that price you want for the bitcoin to get is too impossible to achieve.
4000$? We will wait for another 40 years to past before it reach to that price
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bitbunnny
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WOLF.BET - Provably Fair Crypto Casino
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June 06, 2016, 01:00:01 PM |
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Hmmm...I don't think so. I could be very nicew, but it sound overpriced. Besides, this logic that you are using is not applicable to the price after halving.
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HeroCat
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June 06, 2016, 01:32:03 PM |
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BTC price will not reach 4000 USD, it is too much, even 1000 USD price would be very good news. Today BTC price is around 580 USD, so in nearest future only 600 - 650 USD margin is real. |
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5h4do3
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June 06, 2016, 02:20:03 PM |
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How about this.. there are approximately 20 more halving to go until all the coins will be in circulation +-100 years right? And alot of people are happy with it just doubling i.e +- $900 per coin which is pretty reasonable miners get the same amount everyone make some money and we go on with our happy lives... so lets say for this example $900 (2016) $1800 (2020) and we double till all coins are in circulation heres the list $900 - 2016 $1800 - 2020 $3600 - 2024 $7200 - 2028 $14400 - 2032 $28800 - 2036 $57600 - 2040 ---- $471'859'200 - 2092 market cap 9'909'043'200'000'000 Reserve currency of the world lol pure speculation of course  |
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BombayChicken
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June 06, 2016, 02:28:18 PM |
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lol do you all really think that the bitcoin will be 4000 each i dont think that is a relevant amount for the bitcoin. If the price of the bitcoin will be that high there comes a big problem
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bitcoinhopper
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Bravity is beautiful.
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June 06, 2016, 02:29:05 PM |
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I think $4000 for each bitcoin is to much, even the price reach $1000 after halving, i'm also happy for that. Don't speculate to much, better we speculate is the price going down when the hype of halving is done ?
I think that the price will not reach that amount of money no, it is way to soon for something like that to happen. When the halving is done then the price will be a bit higher but not that high. |
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randy8777
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June 06, 2016, 02:46:54 PM |
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lol do you all really think that the bitcoin will be 4000 each i dont think that is a relevant amount for the bitcoin. If the price of the bitcoin will be that high there comes a big problem
$4000 prices to happen within this year is indeed beyond insane and will simply not happen. we won't even reach the $1000 price level this year. buy you got me interested. what's the big problem you are talking if the price would be at $4000 levels? |
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Atdhe
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June 06, 2016, 03:13:15 PM |
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Your just carried away made by the recent rally in bitcoin price,but that price you want for the bitcoin to get is too impossible to achieve.
4000$? We will wait for another 40 years to past before it reach to that price
We certainly will not wait 40 years. I bet not even 10 years and the price must be much higher than 4K or bitcoin busts. Bitcoin will be either adopted or not. |
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