New ATH by July 2017

[wikenpp]

Pretty sure that we will be at an ATH somewhere next year. We never know how much time it will take to reach 1200+ dollars inside 2017 but it will be in 2017. It could be as soon as january or as late as december. It will be a good year.

Yes. What we need is a trigger to get going.
There are a lot of people who are waiting on the sidelines, for the right moment to get in.

The next trigger is the increase of the block chain size. So there will be more usage of the bitcoin and the price will rise.

I think the block size will only contribute in terms of more usability. There is a way that the price will go up, but I highly doubt it, since it is more a usage features. The same applies for other features. The only thing that can drive the price to an ATH is adoption and that may take a while.

[Yauthitdar]

Pretty sure that we will be at an ATH somewhere next year. We never know how much time it will take to reach 1200+ dollars inside 2017 but it will be in 2017. It could be as soon as january or as late as december. It will be a good year.

Yes. What we need is a trigger to get going.
There are a lot of people who are waiting on the sidelines, for the right moment to get in.

The next trigger is the increase of the block chain size. So there will be more usage of the bitcoin and the price will rise.

I think the block size will only contribute in terms of more usability. There is a way that the price will go up, but I highly doubt it, since it is more a usage features. The same applies for other features. The only thing that can drive the price to an ATH is adoption and that may take a while.

The more usage of the bitcoin as a currency, the higher the price. ONE day it might be the largest currency.

[Shiroslullaby]

There are some interesting announcements in the last week or so.
Impending implementation of Segwit, Megaupload planning the use of Bitcoin with their Bitcache service,
if Segwit greatly improves the transaction time or Bitcache generates a lot of new users, we could see a huge jump in price,
or at least a slow and steady rise over the next year or two.

[Yauthitdar]

There are some interesting announcements in the last week or so.
Impending implementation of Segwit, Megaupload planning the use of Bitcoin with their Bitcache service,
if Segwit greatly improves the transaction time or Bitcache generates a lot of new users, we could see a huge jump in price,
or at least a slow and steady rise over the next year or two.

I think the SegWit or a hard fork to increase the bitcoin block chain size will be the major catalyst for the price rise.

[uki]

Everyone that sold under $500 forgot the halving just happened. They're in for some regret these coming months of a halved production rate. So far, it seems the worst-case scenario of a cascading hashrate reduction, fueled by blocks taking longer and longer to mine (because of slow difficulty adjustment) did not and will not happen. I ran the numbers through my arbitrary-line-drawer and totes-legit-math-machine. And it told me to expect bitcoin's price to be above $1200 July 13th 2017.

Be ready. Use cold storage. Stay away from HYIPs.

Good luck, everyone!

My machine tells me not to expect the ATH any time soon. Simple reasons. More coins in circulation and thus it will take much more fiat money to move the price to the same levels than three years ago.  Number two, we don't have Wally the bot and Mt. Gox any more, and thus pushing the price has to happen on some bigger scale. I don't see much new money eager to flow into Bitcoin at the moment. Number three, we don't have fundamental reasons to move at such levels. All what can be a positive fundamental event for Bitcoin seems like distant and uncertain future at the moment.

[European Central Bank]

More coins in circulation and thus it will take much more fiat money to move the price to the same levels than three years ago.  

the only thing that's relevant to price is the number of coins for sale at this very moment. you can have fifty trillion, but if only a few thousand are for sale then they'll decide the price.

there's more otc trading, more serious mining, more interest from major players. that adds up to more hoarding.

I have zero idea how deep order books are compared to last time, but i'd guess they're broadly similar.

[sillug]

I think you're right, but by ATH you mean that we cross the 1000$ cap ? If yes, then no, you're dreaming, sorry ...

[European Central Bank]

If yes, then no, you're dreaming, sorry ...

how many times has this sentiment been written here? this forum is littered with it.

I agree that it's a stretch. it's also very possible. let's sit back and watch it unfold.

[sillug]

If yes, then no, you're dreaming, sorry ...

how many times has this sentiment been written here? this forum is littered with it.

I agree that it's a stretch. it's also very possible. let's sit back and watch it unfold.

Frankly, I hope, and if it happens, I'll offer 50$ to whoever claims it first. You can bookmark that if you want !

[erre]

If yes, then no, you're dreaming, sorry ...

how many times has this sentiment been written here? this forum is littered with it.

I agree that it's a stretch. it's also very possible. let's sit back and watch it unfold.

Frankly, I hope, and if it happens, I'll offer 50$ to whoever claims it first. You can bookmark that if you want !

Qouted

[Taki]

I guess some people are selling bitcoins because they need cash for life. For many this is just one way of earning money, and they sell bitcoins every time when they collect enough coins.
I do that, when I fulfill my goal I sell bitcoin in that moment and then I do something with that money. Last time I bought nice t-shirt, my next goal is one nice drees that I saw in store. Dress cost around 3000 rubles, it is around 70 mBTC. When I collect that much I will sell my bitcoin and buy dress.

[serjent05]

If yes, then no, you're dreaming, sorry ...

This is speculation section so I think it is ok to dream for the next price of bitcoin.  Holders are hoping that bitcoin will reach a new ATH so they can cast out and have a nice profit from it.  Others that bought bitcoin at its peak last 2013 that are still holding it today will be glad if that happen, the reason is that , they can let go of their bitcoin with profit.  And from what happening at this time,. it is possible that bitcoin can reach it's new ATH at the later period of 2017.

[uki]

More coins in circulation and thus it will take much more fiat money to move the price to the same levels than three years ago.  

the only thing that's relevant to price is the number of coins for sale at this very moment. you can have fifty trillion, but if only a few thousand are for sale then they'll decide the price.

there's more otc trading, more serious mining, more interest from major players. that adds up to more hoarding.

I have zero idea how deep order books are compared to last time, but i'd guess they're broadly similar.

Yes, one can speculate about that. But the reasonable assumption would be to expect more coins in the order books now than three years ago, for a simple fact that not all the coins mined in the last three years went directly to the cold storage. Simple?

[Febo]

Everyone that sold under $500 forgot the halving just happened. They're in for some regret these coming months of a halved production rate. So far, it seems the worst-case scenario of a cascading hashrate reduction, fueled by blocks taking longer and longer to mine (because of slow difficulty adjustment) did not and will not happen. I ran the numbers through my arbitrary-line-drawer and totes-legit-math-machine. And it told me to expect bitcoin's price to be above $1200 July 13th 2017.

Be ready. Use cold storage. Stay away from HYIPs.

Good luck, everyone!

I will belie you only if you will draw a graph.
There is so much time till July that is hard to believe what you say is true.
Picture tells 100 words. So there is your chance to makes us believe you.

[monbux]

A great investment opportunity for many right now would be to allocate some of their bitcoin to offline storage, forget about it, and then come back a while later.


Profit

[Yakamoto]

I'm super confused as to what's happening with the Bitcoin market right now, however whatever it is that is happening is definitely welcome from me and I hope that these trends continue for a little while longer. I'm sliding a bit more money into Bitcoin right now, and it looks like there are going to be some profits to bne had, if you haven't already gotten in on the swings. I just don't know whether to wait for a dip or buy now and hodl.

[lemipawa]

Lenders are in for the killing nowadays as the value of Bitcoin appreciated very fast lately but the borrowers are digging their grave if they dont pay up immediately, $100 of Bitcoin borrowed today maybe $120 or higher tomorrow not including the agreed interest.

[richardsNY]

I guess some people are selling bitcoins because they need cash for life.

Let me tell you one thing, when people need to sell their coins in case they need that money in their personal lives, it means that they invested money that they can't miss in their personal life into Bitcoin. These people cause harm to themselves, but for some weird reason they don't realize that at the beginning.

For many this is just one way of earning money, and they sell bitcoins every time when they collect enough coins.

Signature campaigns are not something you can look at as being a form of income. If you do that, then you will more and more depend on it the longer you are participating in signature campaigns. It's just a bonus. That's how people should see it, and not different.

[calme]

Well, call me crazy. I took out various loans, used those loans to get money to buy BTC on leverage (so loans on loans) and don't regret it. I'm pissing away my credit score even though I used to be obsessed with it and all the associated tricks/loopholes.  I have my stop orders. But of course, portfolio diversification is the order of the day when it comes to responsible investing. So that means having your leveraged bitcoins spread across exchanges in case any one exchange gets hacked.  

[European Central Bank]

Yes, one can speculate about that. But the reasonable assumption would be to expect more coins in the order books now than three years ago, for a simple fact that not all the coins mined in the last three years went directly to the cold storage. Simple?

but there are also more users, more genuine usage and more awareness. i think that means more coins will be tied up. I think it might balance things out but let's see.