Bitcoin to go up another 100%

[duke944]

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

What a stupid comment. You've been "all in" since it was $3 huh? how have you lived since then, off the land?

[ErikSneijer]

Possible but it will take some time to do this and its also depending how fast the bitcoin grows, if it grows fast its possible pretty soon.

[Dafar]

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...

This

[Qartersa]

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...

This

You can't say that fiat will be the cause of the rise of bitcoin. Even if fiat currency drops they will not flock to bitcoins as their alternative. Bitcoin will need to be adopted far more than today to get more people to use it and shift to the bitcoin revolution. If not they we won't see to much upward movement. The value of bitcoin is still based on the best and most stable currency if fiat currency drops in other countries that are not among the stable currencies then they would have to buy bitcoin at the vale of the stable currency which would in turn be far more expensive.

[Wind_FURY]

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.

No it will not. Bitcoin will never lose its purpose as long as the dark markets are around. If you can give a good alternative to Bitcoin to be used by drug vendors, internet criminals and scammers, ransomware hackers and other underground markets that are not served by the banks then that it might lose its purpose.

[BitSquare]

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.

No it will not. Bitcoin will never lose its purpose as long as the dark markets are around. If you can give a good alternative to Bitcoin to be used by drug vendors, internet criminals and scammers, ransomware hackers and other underground markets that are not served by the banks then that it might lose its purpose.

I think the ZCash is more suitable for the dark market.

[European Central Bank]

something else might be suitable technically but these druggies want money. they're not going to have much use for an alt that can be destroyed in value between taking an order and having to pay off their cartel buddies.

[olubams]

something else might be suitable technically but these druggies want money. they're not going to have much use for an alt that can be destroyed in value between taking an order and having to pay off their cartel buddies.

Going up another 100% from what it is now which is $822 to now move to $1644 is actually a big feat in which I am not seeing happening soon. The threat I am seeing to that is the attention its gaining especially from government which might eventually erode the reason quite a number of free thinkers came into it in the first place... Aside that I can boldly say the road maybe long, but it is possible...

[uki]

something else might be suitable technically but these druggies want money. they're not going to have much use for an alt that can be destroyed in value between taking an order and having to pay off their cartel buddies.

Going up another 100% from what it is now which is $822 to now move to $1644 is actually a big feat in which I am not seeing happening soon. The threat I am seeing to that is the attention its gaining especially from government which might eventually erode the reason quite a number of free thinkers came into it in the first place... Aside that I can boldly say the road maybe long, but it is possible...

I doubt we get that far. It is a remote price level, which will be very hard to achieve, let alone, we have a massive printing at works and the US dollar becomes much more toilet paper than it is now, so people en mass loose faith in its value. There is a slimmer chance for such a scenario to play out, but I wouldn't bet on that.

[angaper]

The words of a speculator are not necessarily the best things that an emerging community can hear.

Personally I would much happier with a stable price around $1000 for years rather than these volatile rallies that speculators love so much.

[nikrobi]

something else might be suitable technically but these druggies want money. they're not going to have much use for an alt that can be destroyed in value between taking an order and having to pay off their cartel buddies.

Going up another 100% from what it is now which is $822 to now move to $1644 is actually a big feat in which I am not seeing happening soon. The threat I am seeing to that is the attention its gaining especially from government which might eventually erode the reason quite a number of free thinkers came into it in the first place... Aside that I can boldly say the road maybe long, but it is possible...

I doubt we get that far. It is a remote price level, which will be very hard to achieve, let alone, we have a massive printing at works and the US dollar becomes much more toilet paper than it is now, so people en mass loose faith in its value. There is a slimmer chance for such a scenario to play out, but I wouldn't bet on that.

It's very hard to achieve, you are right, but it's not impossible. We see bitcoin prices changing every time and always going up. Look the progress since last year until now. The bitcoin price was in $350-$400 exactly 1 year ago.
Now it's going very well around $800, the price doubled in one year, maybe we can have another good progress in the end of the next year, nothing is impossible when we are using cryptocurrencies.

[piramida]

The words of a speculator are not necessarily the best things that an emerging community can hear.

Personally I would much happier with a stable price around $1000 for years rather than these volatile rallies that speculators love so much.

Volatile rallies are a necessary evil, it is a process of new price discovery. If you noticed, bitcoin have several years of relative stability inbetween each rally (and an aftershock crash) - which only last couple of months every time. Now another one has started, in spring 2017 bitcoin price will stabilize on a new price level, which can only be deducted by violent swings. So brace yourself.

[Ocalebeth]

The words of a speculator are not necessarily the best things that an emerging community can hear.

Personally I would much happier with a stable price around $1000 for years rather than these volatile rallies that speculators love so much.

I also would like that more because its just so awesome to just have a stable price and from their it can built out more.

[Paultron]

Hoping on that, I think that it can happen but its hard to really say it will happen, with some time it will if it stays growing like this.

[Wind_FURY]

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.

No it will not. Bitcoin will never lose its purpose as long as the dark markets are around. If you can give a good alternative to Bitcoin to be used by drug vendors, internet criminals and scammers, ransomware hackers and other underground markets that are not served by the banks then that it might lose its purpose.

I think the ZCash is more suitable for the dark market.

Maybe but Bitcoin is doing a good job as an avenue for value transfer and as a censorship resistant type of currency. In fact the Zero Coin Protocol can be added as a layer on top of Bitcoin as an optional feature if people want anonymous transactions. So Zcash has a good use case as a testnet for Bitcoin.

[Vaskiy]

Bitcoin to go high to 100% and more won't happen in a short time. Right now the price movement is quite good with big variation in price. Also the price seems to be affordable for most users to benefit high over the years to come as the price difference is continuing providing profit to traders.

[Ketariz]

Possible but it will take some time to do this and its also depending how fast the bitcoin grows, if it grows fast its possible pretty soon.

It might take a year to do that.

[uki]

something else might be suitable technically but these druggies want money. they're not going to have much use for an alt that can be destroyed in value between taking an order and having to pay off their cartel buddies.

Going up another 100% from what it is now which is $822 to now move to $1644 is actually a big feat in which I am not seeing happening soon. The threat I am seeing to that is the attention its gaining especially from government which might eventually erode the reason quite a number of free thinkers came into it in the first place... Aside that I can boldly say the road maybe long, but it is possible...

I doubt we get that far. It is a remote price level, which will be very hard to achieve, let alone, we have a massive printing at works and the US dollar becomes much more toilet paper than it is now, so people en mass loose faith in its value. There is a slimmer chance for such a scenario to play out, but I wouldn't bet on that.

It's very hard to achieve, you are right, but it's not impossible. We see bitcoin prices changing every time and always going up. Look the progress since last year until now. The bitcoin price was in $350-$400 exactly 1 year ago.
Now it's going very well around $800, the price doubled in one year, maybe we can have another good progress in the end of the next year, nothing is impossible when we are using cryptocurrencies.

Nothing is impossible, but it is almost impossible to maintain an exponential growth in the long due to the lack of resources. Take bacteria colony as an example. They can double their population each time cycle, until the point there is not enough food to sustain the whole colony. With Bitcoin is the same, you need to have the constant influx of new money of people willing to buy the coins at the each time higher prices. is is sustainable in the long run? I don't think so.

[zero1ten]

This on-going bitcoin rally is amazing for everyone who believes and I hope this won't just be another fake rally like we had in the past though it looks very different this time because bitcoin's fundamentals are getting much much better than in the past and the acceptance of mainstream people about how bitcoin works really makes this recent rally very special.

[uki]

This on-going bitcoin rally is amazing for everyone who believes and I hope this won't just be another fake rally like we had in the past though it looks very different this time because bitcoin's fundamentals are getting much much better than in the past and the acceptance of mainstream people about how bitcoin works really makes this recent rally very special.

Do you have any evidence that the fundamentals got significantly better in the last six months?
I see this current price rise as a speculation pump, yet again. No more than that.