Bitcoin to go up another 100%

[Sir Alpha_goy]

The miners have spoken:

Bitcoin’s Rally Crushed Every Other Currency in 2016. Here’s Why
https://www.bloomberg.com/news/articles/2016-12-16/bitcoin-s-rally-crushed-every-other-currency-in-2016-here-s-why

“My personal expectation is that bitcoin will at least gain another 100 percent,” said Krohn, chief financial officer of Hong Kong-based Genesis Mining, which deploys server farms to mine the currency.

“Bitcoin is coming into its own,” says Tim Draper, a venture capitalist who’s bought thousands of bitcoins over the years. “There are starting to be consumer uses for bitcoin, and if people have any concerns about their own fiat currency -- the rupee, for example -- they flee to bitcoin as an alternate currency.”

[Sir Alpha_goy]

It must be time to go all in if Bloomberg is reporting this.

[n691309]

The miners have spoken:

Bitcoin’s Rally Crushed Every Other Currency in 2016. Here’s Why
https://www.bloomberg.com/news/articles/2016-12-16/bitcoin-s-rally-crushed-every-other-currency-in-2016-here-s-why

“My personal expectation is that bitcoin will at least gain another 100 percent,” said Krohn, chief financial officer of Hong Kong-based Genesis Mining, which deploys server farms to mine the currency.

It's true that bitcoin price has been increased pretty good this year and we can expect the price to reach 1k pretty soon. I can say that I didn't expected this to happen this year but 2016 was full of surprises.

[LFC_Bitcoin]

What's the date on that Draper quote? Didn't he cry like a bitch when his block size proposal was ignored.

Another 100% price increase would be great though & I definitely see that as realistic?

[Sir Alpha_goy]

What's the date on that Draper quote? Didn't he cry like a bitch when his block size proposal was ignored.

Another 100% price increase would be great though & I definitely see that as realistic?

Bloomberg has it written so shall it be so.

[n691309]

What's the date on that Draper quote? Didn't he cry like a bitch when his block size proposal was ignored.

Another 100% price increase would be great though & I definitely see that as realistic?

Bloomberg has it written so shall it be so.

They can write what they want but won't consider realistic the 100% increase if this was said these days! Realistic would be an increase of +~$200 which could lead the bitcoin price to $1k.

[strasboug]

A few years ago I saw people predict bitcoin to $1000 then to $10000. I did not believed it. Bitcoin went to $1000 but not $10000. Now I think it will definitely go to $10000. Why? because it is like gold, the fiats devalue quickly, not bitcoin.

[igigme77]

Im all in too. All my money is in btc and i like it that way.

50k here we come!

Who's with me?

[Sir Alpha_goy]

A few years ago I saw people predict bitcoin to $1000 then to $10000. I did not believed it. Bitcoin went to $1000 but not $10000. Now I think it will definitely go to $10000. Why? because it is like gold, the fiats devalue quickly, not bitcoin.

Bitcoin is untouchable.

It will go to $10,000 easy.

I agree.

[charmingfreddie]

A few years ago I saw people predict bitcoin to $1000 then to $10000. I did not believed it. Bitcoin went to $1000 but not $10000. Now I think it will definitely go to $10000. Why? because it is like gold, the fiats devalue quickly, not bitcoin.

Bitcoin is untouchable.

It will go to $10,000 easy.

I agree.

I think it might be going up in part because of Venezuela. If tiny countries like Greece, Cypress, Venezuela can move the price so much, wait untill large countries like Germany, the EU, England begin to acknowledge their true financial state ie bankrupt... Thats what will blow it up to $10,000.00. And that day is coming soon.

[ArdiPrabowo]

A few years ago I saw people predict bitcoin to $1000 then to $10000. I did not believed it. Bitcoin went to $1000 but not $10000. Now I think it will definitely go to $10000. Why? because it is like gold, the fiats devalue quickly, not bitcoin.

Bitcoin is untouchable.

It will go to $10,000 easy.

I agree.

your write bitcoin price incraese until reach 10,000 dollar is easy
i think is very dificult can reach 10,000 dollar
and you say bitcoin price can up until 100%
how long your prediction bitcoin price can up 100%(1500 dolllar because in december bitcoin price always over 750 dollar)

[equator]

A few years ago I saw people predict bitcoin to $1000 then to $10000. I did not believed it. Bitcoin went to $1000 but not $10000. Now I think it will definitely go to $10000. Why? because it is like gold, the fiats devalue quickly, not bitcoin.

Bitcoin is untouchable.

It will go to $10,000 easy.

I agree.

your write bitcoin price incraese until reach 10,000 dollar is easy
i think is very dificult can reach 10,000 dollar
and you say bitcoin price can up until 100%
how long your prediction bitcoin price can up 100%(1500 dolllar because in december bitcoin price always over 750 dollar)

I dont know about last year price but it is sure that in 2017 we can see the price of bitcoin above $1250 surely after that their will be some selling pressure.

[European Central Bank]

the future's looking positive right now. 100% and more? i ain't convinced in the short term but let's wait and see. maybe this is a return to the mean after a deeply pessimistic price action over the last 2-3 years and not much else.

[Skarner21]

That was good news actually many companies right now are adopting bitcoin and more events will happen this following year since we are experience good things in bitcoin this year. like other said the price will increase more but we can not say it can be still reach 1k soon maybe mid or month of may we can see that the price will touch in 1k value..

[CoinCidental]

Im all in too. All my money is in btc and i like it that way.

50k here we come!

Who's with me?

I've been all in since btc was $3......
I expect 5k or so in 2017

[The Sceptical Chymist]

What's the date on that Draper quote? Didn't he cry like a bitch when his block size proposal was ignored.

Another 100% price increase would be great though & I definitely see that as realistic?

Bloomberg has it written so shall it be so.

I love Bloomberg.  Brings me back to when I used to listen to the radio program before the market opened in the morning.  Good times.

100%?  Sure!  Could happen, and the rise could even be higher than that.  Bitcoin has always been volatile as hell, and we're definitely in a bitcoin bull market right now.  I'm going to ride the momentum wave and accumulate what I can.

[CoinCidental]

I personally think 100% is on the low side...
When btc gains traction it will go up a hell  of a lot faster than that.... Fiat money is crashing around the world and demand for btc is voracious...

[darkangel11]

They are right, it will have to go up. The difficulty rises and power consumption for the same amount of blocks rises with it. The price will have to adjust for that or we won't have anyone to support the network.
It may not double but we should see a nice increase in price in 2017. Good luck and patience to all the holders!

[Biodom]

We may correct to $600 in Jan.

[quake313]

We may correct to $600 in Jan.

Not a correction, a flash crash and then rocket to the ATH and beyond!!!