Why Bitcoin Price Predictions for 2016 Range as High as $1200?

[sbtctalk]

The only reason why BTC prices go down is due to - hack incidents at exchanges, that will cause a price crash. Strangely, who will gain from this? #Conspiracytheory

[CoinFoxs]

2 months are remaining and then 2017 will start so I dont think so that price of bitcoin will reach 1200$, because it is almost double amount that is going right now. I would say that the price will be in between 800$ to 900$ at the end of this year.

[NewInCryptoCurrency]

The fact is that people thought the bitcoin would go to a higher amount due to the halving that was incoming back in the days, at the end it never really did a lot for us with that price but that is the reason in the overall.

[Doms]

Everytime the price starts to make some noticeable movements, all these predictions start coming out. Expectations are rising and more people are becoming interested and suddenly are buying again. The volume yesterday can be compared to that of two months ago when the price was recovering from a knee jerk reaction to the bitfinex hacking incident.

[akosipepot]

Everytime the price starts to make some noticeable movements, all these predictions start coming out. Expectations are rising and more people are becoming interested and suddenly are buying again. The volume yesterday can be compared to that of two months ago when the price was recovering from a knee jerk reaction to the bitfinex hacking incident.

This is correct.all expert in speculation will come out and try to predict what will the outcome of the price of bitcoin but suddenly not all speculators are correct or hit the speculating price of the bitcoin.Bitcoin movement is just like sports example basketball.the more speculator say's that one team will win, people are so much interested to place bet on that team because it strong then suddenly  in the end they loose.for me not always trust the speculation perhaps better study the movement of the bitcoin and then try to analyse what will be the next price

[martinacar]

No idea why they would predict that high of a price but those "professional predicters" are just a bunch of amateurs aswell
I THINK highest we will be seeing this year is going to be 700$ nothing more that's already difficult to rich imo.

[Galiatram]

This was purely because of the halving that was coming, everyone was thinking that it would hit a very nice price but at the end it never did this..
Its not a very bad thing but also not a great thing that every came up these year.

[n691309]

It was predicted that bitcoin price for this year will go up to 1.2k but that didnt happened until now so i think that for this year the maximum price that bitcoin can go is 700-800 USD, everything can happen but I'm based on the latest trend this year until now.

[sempak]

opportunities are likely to occur. but I think only the most high bitcoin prices will range in the range of 800 USD. My prediction that the price of bitcoin will rise gradually until the end of 2016.

[alnoor1231]

People are praying for a value that high haha

[hawkins]

Well, bitcoin users already have always prayed about bitcoin price increases. especially if they are holding bitcoin is very much in their wallet. perhaps because they had heard that the price of bitcoin will rise to $ 1,000 at the end of the year, so many people are starting to buy bitcoin until today. however, the price of bitcoin is not likely to pass on the price of $ 1,200 this year, because most likely the bitcoin price stability will be very difficult to go up when the price of bitcoin has reached the price of $ 1,000 this year

[praprata]

Most of the value is predicted by people who have not much experience in trading, so taking their advice is not very smart.
If you want a realistic prediction you must find market prediction guru's with authority and make sense of their analysis. But let me tell you that is very hard because there are many imposters around.

[jaweria khan]

to me as bitcoin users are increasing on daily basis therefore it is also expecting that the price of bitcoin can raise such a high price just at the end of the 2016$.

[DRaGoN RaNTaRo]

It might still reach $1200 as predicted in 2016,if you look at the charts by November it has the ability to reach the maximum attainable value and many will book their profits by December well in time for Christmas.

[Hoor]

i think it may be because the number of bitcoin users is increasing continuously and therefore the demand of bitcoin is also increasing and that is the reason that the prediction about the price of bitocin is as high as 1200 USD.

[SANALIU]

Iam never prediction bitcoin price can up 1200 dollar in year 2016
my prediction bitcoin price in year 2016 only 800 dollar in every one bitcoin
in end year i think bitcoin price 800 dollar can reach

[Piltover]

This was because of the fact that the halving was coming and it would be great but later on it never really let the price raised to a very high amount, that is the simple reason.

[praprata]

With several expert Bitcoin price predictions for 2016 tapping out at $1200 the coming year will prove the worth of the digital currency once and for all. The optimistic Bit coin price predictions represent quite a turnaround from the start of 2015, when the price of bitcoin was bottoming out firm the bursting of the late 2013 bubble and the Mt, Gox meltdown. If  this happens, I will personally sign you a video of me doing  the money dance buck naked, I am sure you will be doing the same too.

I also want this to happen but I do not think that it is going to happen with in 2016 because it does not seem like the price is going to rise any time soon.
I think that the chance is bigger that the Bitcoin will rise again with in 2017.

[5thangel]

More than half of bitcoiners believe the price of their favourite digital currency going to grow more and more  and will get over 1k... so do i 

[anama]

People are praying for a value that high haha

if profesional trader
bitcoin up and down is no problem, is take profit can use margin trading
but is hunter bitcoin is want bitcoin price incraese is high
because is covert in fiat money is can get big