Bitcoin to go up another 100%

[d5000]

We may correct to $600 in Jan.

I think that's not impossible, unfortunately. The block size problem has grown in the last months. It's pretty "normal" now to have tens of thousands unconfirmed transactions. A large portion may be spam, but I think we are slowly reaching the limit. Segwit still isn't implemented enabled. (Editted)

This discussion will prevent BTC from reaching a new ATH (a 100% increase would be $1400-1600). The problem is that most Bitcoin users will experience the issue (when doing a transaction with a too small fee) and it's probable that they then will lose interest.

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[Skarner21]

We may correct to $600 in Jan.

I think that's not impossible, unfortunately. The block size problem has grown in the last months. It's pretty "normal" now to have tens of thousands unconfirmed transactions. A large portion may be spam, but I think we are slowly reaching the limit. Segwit still isn't implemented.

This discussion will prevent BTC from reaching a new ATH (a 100% increase would be $1400-1600). The problem is that most Bitcoin users will experience the issue (when doing a transaction with a too small fee) and it's probable that they then will lose interest.

I feel that it can not be happen this is just what i feel since more promisses and more old members are actually giving idea to us.. that i think those are business people who are saying more adoption will happen in 2017.
Just like the exchange site was hack few months ago but they are fail to kill bitcoin even the price of bitcoin was crash in the time and rise again due to demand.. or people who are thinking that bitcoin is pretty cheap to buy and it can be increase more until now we are in good and strong level..

[Biodom]

We may correct to $600 in Jan.

I think that's not impossible, unfortunately. The block size problem has grown in the last months. It's pretty "normal" now to have tens of thousands unconfirmed transactions. A large portion may be spam, but I think we are slowly reaching the limit. Segwit still isn't implemented.

This discussion will prevent BTC from reaching a new ATH (a 100% increase would be $1400-1600). The problem is that most Bitcoin users will experience the issue (when doing a transaction with a too small fee) and it's probable that they then will lose interest.

Besides the topic of the discussion here, but it looks like we are reaching a conundrum.
ASIC-based POW turned out to be unsustainable long term because of mining monopolization.
People are blocking technical progress based on their immediate interests (higher fees)
China (miners) want one thing, West (nodes and Core)-another.
I think core should make the last attempt at reconciliation, and if it is not possible, employ something new.
Bitcoin price would suffer, but then China will have their pie and eat it too.

[European Central Bank]

I think core should make the last attempt at reconciliation, and if it is not possible, employ non-ASIC POW.

i agree that the current form of pow is not healthy for bitcoin and had satoshi envisioned it i hope he would've designed it out before it could happen, but i haven't seen anyone other than a small fringe element propose that.

how do you think a proposal like that would pan out if it actually happened?

[CoinCidental]

I think core should make the last attempt at reconciliation, and if it is not possible, employ non-ASIC POW.

i agree that the current form of pow is not healthy for bitcoin and had satoshi envisioned it i hope he would've designed it out before it could happen, but i haven't seen anyone other than a small fringe element propose that.

how do you think a proposal like that would pan out if it actually happened?

very very messy ........
changing from POW to POS or something else would shake up the entire crypto world
we will have a better idea after ETH moves to POS next year how the coin marketcap changes
but eth is a constantly changing experiment ....
Bitcoin is supposed to be the reliable  safe haven of all coins  so i dont think we should change the fundamentals
that attracted people to btc in the first place  if we want to maintain the integrity and reputation of the coin

[European Central Bank]

we will have a better idea after ETH moves to POS next year how the coin marketcap changes
but eth is a constantly changing experiment ....

yeah. i'll believe that when i see it.

as for the rest, i guess there's a line somewhere between bedrock of crypto and badly compromised antique. it'll probably be too late to know if and when it's been crossed.

[Wind_FURY]

we will have a better idea after ETH moves to POS next year how the coin marketcap changes
but eth is a constantly changing experiment ....

yeah. i'll believe that when i see it.

as for the rest, i guess there's a line somewhere between bedrock of crypto and badly compromised antique. it'll probably be too late to know if and when it's been crossed.

ETH? It is slowly dying. Between Ethereum and Ethereum Classic, I would go for the latter. It is on the rise and has declared that it will continue on with Proof of Work. The miners from ETH would then move to ETC and also imagine the miners who are disillusioned with ZCash. Once the network becomes strong enough in hashng power, ETC may achieve parity with ETH.

[Bananana]

we will have a better idea after ETH moves to POS next year how the coin marketcap changes
but eth is a constantly changing experiment ....

yeah. i'll believe that when i see it.

as for the rest, i guess there's a line somewhere between bedrock of crypto and badly compromised antique. it'll probably be too late to know if and when it's been crossed.

ETH? It is slowly dying. Between Ethereum and Ethereum Classic, I would go for the latter. It is on the rise and has declared that it will continue on with Proof of Work. The miners from ETH would then move to ETC and also imagine the miners who are disillusioned with ZCash. Once the network becomes strong enough in hashng power, ETC may achieve parity with ETH.

ETH is with dev support and ETC without. Once ETH goes into POS we can say that mining profit is going to be hell until the next Zcash come out!!

[Leonard2016]

bitcoin price will be around 4000-5000 USD per coin one day and that is already a couple of 100% rises and it will only happen slowly. i think something around 100% rise each year (give or take) is a good estimate of the future rises.

[lumeire]

bitcoin price will be around 4000-5000 USD per coin one day and that is already a couple of 100% rises and it will only happen slowly. i think something around 100% rise each year (give or take) is a good estimate of the future rises.

The thing with that is BTCBTCBTC will lose it's purpose, at least when when it comes to doing microtransactions.

[richardsNY]

bitcoin price will be around 4000-5000 USD per coin one day and that is already a couple of 100% rises and it will only happen slowly. i think something around 100% rise each year (give or take) is a good estimate of the future rises.

The thing with that is BTCBTCBTC will lose it's purpose, at least when when it comes to doing microtransactions.

You mean due to the higher going price? If so, then I can't really agree with that. Bitcoin is a currency tool that you can divide into 100 million smaller units (satoshis). I think the transaction fees are the thing that will make Bitcoin less interesting for small transactions. Fact is that pools will depend on income through transaction fees more and more due to the halvings. And at some point, it will be their only income.

[CryptoUser25]

Lets hope on it that this will happen, it can happen but it will not happen fast it need a year or so to do this if you are asking me about it.

[naidray]

Lets hope on it that this will happen, it can happen but it will not happen fast it need a year or so to do this if you are asking me about it.

Yes and no. Just getting doubled had happened many times in short period of time itself with the bitcoin prices. So getting 100% growth is highly possible to occur in very short period of times like one or two months are more than enough. But for that we need some initial triggers, yes we are all waiting for those triggers.

[Factmine]

Lets hope on it that this will happen, it can happen but it will not happen fast it need a year or so to do this if you are asking me about it.

Yes and no. Just getting doubled had happened many times in short period of time itself with the bitcoin prices. So getting 100% growth is highly possible to occur in very short period of times like one or two months are more than enough. But for that we need some initial triggers, yes we are all waiting for those triggers.

What could those triggers be that will raise the prices really high? I would love to see bitcoins double in just months too. But the triggers for it to drop is more identifiable than those that will make it rise. A sample would be news that a bitcoin online trading company gets "hacked." That news really brought the prices of bitcoin by a lot. So I guess we could see the doubling but we could also see the halving of the price. But if it does halve, let's pray that it still shoots back up.

[btcdiggingmaster]

bitcoin price will be around 4000-5000 USD per coin one day and that is already a couple of 100% rises and it will only happen slowly. i think something around 100% rise each year (give or take) is a good estimate of the future rises.

Really this should not happen because many people start afraid to buy bitcoin, already now people are afraid to buy bitcoin even it is at 800$. Bitcoin should change lives of the people not to destroy the bitcoin because only people who have bitcoin will become rich. Once it rises to 4000$ really people will start thinking that it is also one of the hype, so many people stay away from it.

[Dwetha]

This will happen but it will take a lot of time before this is gonna happen for sure because it not just nothing..

[Biodom]

Lets hope on it that this will happen, it can happen but it will not happen fast it need a year or so to do this if you are asking me about it.

Yes and no. Just getting doubled had happened many times in short period of time itself with the bitcoin prices. So getting 100% growth is highly possible to occur in very short period of times like one or two months are more than enough. But for that we need some initial triggers, yes we are all waiting for those triggers.

What could those triggers be that will raise the prices really high?

ETF (COIN, etc), in more immediate time frame. ETF could happen in 2-3 mo or later in 2017.
It will move btc at least 400-500% to $4000-4500 within 2-3 years from it happening.
personally, I would probably put 5% of my retirement fund in such ETF(s) early.
There might even be an arbitrage opportunity if such ETF NAV exceeds 100%, and it will, at least for some time.

[aardvark15]

I don't think we will see a rapid increase now after the big gains this past year. I expect continued growth but at a slower pace.

[Ereacia]

No this will not happen I just do not think that this will happen to be honest, its just way too much for the bitcoin if you are asking me.

[igigme77]

No bodys with me for a 50k btc???

In our dreams maybe. 

It could happen but not in the near future nor it could happen in 10 to 20 years. But I think it could happen, especially if bitcoin gets adopted by a very big company. If half the world would be using bitcoins then the demand will really skyrocket along with it's price. As the supply of bitcoins can never match the demand for it, as bitcoins has only a finite amount.

It could happen in months if the right news and forces collided. Question is what is the catalyst?