Bitcoin's Next Direction 2017 Predictions

[deadpoolx]

I can see the price in the $ 3000 range, but without a solution for slow confirmations and high fees, I don't see the price staying in that range for long.

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[digaran]

As an optimistic person even I couldn't and really didn't expect we hit $1850+ so soon, that is though what I love the most about Bitcoin as it never stops surprising you.

Right now community knows Wu and BU mistresses are manipulating us and holding us as hostages yet we're breaking the history's records day after day, I am willing to bet if we move forward with something more serious than BU something not causing crash of the entire network.
Imo Core developers are active enough and are really serious, let them take their millions of dollars according to opposition, can you show me someone working for free?
At least they will deliver us with $4000 per coin if we have segwit.
We can't expect to have this amazing system and at the same time want it for free, come on people no matter how much your wife loves you but she wont sleep with you in same bed for free why would devs maintain the code for free?

[danherbias07]

I can see the price in the $ 3000 range, but without a solution for slow confirmations and high fees, I don't see the price staying in that range for long.

Definitely right. Add up the price hike that will make the transaction fees look like they are expensive.
Example is Coinbase with a 40k satoshis fee. How much that will be when the bitcoin price starts hitting $3000.
New users might thing that is a hell of a price so why bother getting into it. Instead, they will turn to Moneygram or Western Union or other sending money companies.
If only the number of transactions that were stucked there could be fixed then it might go flawless.

[cipherer]

Hello,

After successfully predicting BTC moves in 2016 here on the forum, I have a new set of 2017 predictions that I'm using to trade the current move.

1. Rise to $1,200-$1,300 (Current move)
2. Correction to $800-$900 level and range trading for a while
3. Rise to $1,500
4. Correction to $900-$1,000 and range trading for a while
5. Continued rise to $2,000 by end of year

tldr; BTC will double this year after making a couple of moves up and down.

Wow, I haven't been introduced to bitcoin during the beginning of 2016 and I wasn't able to see all the predictions made but I certainly take not of this good sir. Hopefully your predictions stay true again this time and I think it would be better for me to just keep on earning and holding on to my bitcoins for the time when it goes to 2k at years end. Cheers to a great 2017 to all of us!

J just read this prediction (newbie), very interesting, can you explain the set of arguments of this prediction? Because i'm interested in the underlying empirical framework. Thank You!

[Baofeng]

I can see the price in the $ 3000 range, but without a solution for slow confirmations and high fees, I don't see the price staying in that range for long.

Yes. $3000 is possible this year, but what might pull this thing to happen is the scaling issue that is still unresolved. Confirmation and the high fees will shy away some buying bitcoin. Some are even buying alt coins now because of the existing problem. I hope after the litecoin segwit activation, bitcoin will be next so that the price will really be mooning in the next couple of months or so.

[cipherer]

Hello,

After successfully predicting BTC moves in 2016 here on the forum, I have a new set of 2017 predictions that I'm using to trade the current move.

1. Rise to $1,200-$1,300 (Current move)
2. Correction to $800-$900 level and range trading for a while
3. Rise to $1,500
4. Correction to $900-$1,000 and range trading for a while
5. Continued rise to $2,000 by end of year

tldr; BTC will double this year after making a couple of moves up and down.

That is similar to my predictions that I just made a few days ago. But recently I read a news that Chinese people are buying more bitcoins and it has reached the highest peak compared to before. With this movement probably by the end of January bitcoin will reach Two Thousand Dollars each and by the end of the year a 10k dollar price will shock  the market by the end of the year.

Too hard to believe that bitcoin could reach $10k this year. I agree on bitcoin that it could hit 2000$ by the end of the year but that $10k seems impossible. Bitcoin will need 100 years to go on that price.

The price is the equilibrium of supply and demand. Things happen in the market (acceptance), we just need a small increase in demand to reach 10k ('small' is related to the market of alternatives ( e.g. gold). I Think the (future price / current price) = (current price / pizza transaction price). Think big!

[pixie85]

We are extremely close to hitting my 2017 target! Not sure what I'm going to do next, this needs a lot of research. Definitely taking profit on the majority of positions soon since it's at 300% at this point.

If you're a trader you should always follow the plan. Sure, you may regret it later and think what if, but it's better to sell with a profit when you achieve your goal than wait for too long and sell with a loss. Bitcoin won't keep going up there will have to be a correction, maybe tomorrow and maybe next month, but it will happen.

[tabas]

I can see the price in the $ 3000 range, but without a solution for slow confirmations and high fees, I don't see the price staying in that range for long.

The price increase is just an indicator that even with those problems still many chose to buy bitcoins. We are concerned about the high fees but the thing is that as the price is increasing, expect the fees will become higher not with the amount of bitcoins but because of the price or value of bitcoin. We will possibly hit $3,000 before this year ends.

[baritus]

We are extremely close to hitting my 2017 target! Not sure what I'm going to do next, this needs a lot of research. Definitely taking profit on the majority of positions soon since it's at 300% at this point.

If you're a trader you should always follow the plan. Sure, you may regret it later and think what if, but it's better to sell with a profit when you achieve your goal than wait for too long and sell with a loss. Bitcoin won't keep going up there will have to be a correction, maybe tomorrow and maybe next month, but it will happen.

Agreed, I think of traders as market stabilizers. Buying when everyone doesn't want it, selling when everyone does.

[wxa7115]

The bull ride will continue as long as there is a negative news in the market and it is hard to know that until and unless you see that in the market.Lets see whether the coin could break $1700 and then we can talk about the rest of the valuation .One thing is that 2017 is the best time for crypto currency because each and every coin had a very good rally.

That is a bit disturbing, we have never before experienced situation where 99% of altcoins and bitcoin was pumped before.
Crazy rise like this is happening for the first time. It is hard to tell how much altcoins really grew and how much of it is irrational speculation.

Here is a good article about the situation on Coindesk: http://www.coindesk.com/25-billion-30-days-cryptocurrencies-bubble/

This may indicate that some whales have joined forces to try to inflate the price and get more earnings than before, it could also be a concerted effort by the governments or bank to try to break bitcoin by making it even more unstable and to destroy the confidence of investors.

[Question123]

The price of bitcoin today is $1750 and thats very high compared to the previous price. My prediction in bitcoin the price will range  $2000-$3000 will happen before the end of the year. Maybe next month or this konth the price will reach $2000 and I think the price of $3000 will happen after halving because many people after halving in bitcoin and i thimk in decemeber 2017 because on that month they are holiday season and many people use bitcoin to online shop to buy gift for their someone.

[wxa7115]

We are extremely close to hitting my 2017 target! Not sure what I'm going to do next, this needs a lot of research. Definitely taking profit on the majority of positions soon since it's at 300% at this point.

If you're a trader you should always follow the plan. Sure, you may regret it later and think what if, but it's better to sell with a profit when you achieve your goal than wait for too long and sell with a loss. Bitcoin won't keep going up there will have to be a correction, maybe tomorrow and maybe next month, but it will happen.

Agreed, I think of traders as market stabilizers. Buying when everyone doesn't want it, selling when everyone does.

But we can think of them also as market subverter's since they will try to manipulate the market to try to get profits and instead of the market just moving at his own pace the movement will be slow down or make to go faster depending on the wants of the traders.

[The_prodigy]

Hello,

After successfully predicting BTC moves in 2016 here on the forum, I have a new set of 2017 predictions that I'm using to trade the current move.

1. Rise to $1,200-$1,300 (Current move)
2. Correction to $800-$900 level and range trading for a while
3. Rise to $1,500
4. Correction to $900-$1,000 and range trading for a while
5. Continued rise to $2,000 by end of year

tldr; BTC will double this year after making a couple of moves up and down.

it will rise as $2000 i think, as per demand of the people, it will more, its value will increase too. more and more people are interested therefore they will make bitcoin as their investment the supply will increase too, bitcoin needed to circulates in order for it to gain its value and to lived more longer, but so far I see that bitcoin will be the most well known cryptocurrency coin and will be the highest in terms of value among all,

[Mihaylovic]

Hello,

After successfully predicting BTC moves in 2016 here on the forum, I have a new set of 2017 predictions that I'm using to trade the current move.

1. Rise to $1,200-$1,300 (Current move)
2. Correction to $800-$900 level and range trading for a while
3. Rise to $1,500
4. Correction to $900-$1,000 and range trading for a while
5. Continued rise to $2,000 by end of year

tldr; BTC will double this year after making a couple of moves up and down.

it will rise as $2000 i think, as per demand of the people, it will more, its value will increase too. more and more people are interested therefore they will make bitcoin as their investment the supply will increase too, bitcoin needed to circulates in order for it to gain its value and to lived more longer, but so far I see that bitcoin will be the most well known cryptocurrency coin and will be the highest in terms of value among all,

It is not logical if it continues to go up all the time. They ll dump it to collect and raise it again. Imo summer will be dump season. They ll collect for a while. then maybe in sptember they ll start to pump again till 2000 USD

[MingLee]

Hello,

After successfully predicting BTC moves in 2016 here on the forum, I have a new set of 2017 predictions that I'm using to trade the current move.

1. Rise to $1,200-$1,300 (Current move)
2. Correction to $800-$900 level and range trading for a while
3. Rise to $1,500
4. Correction to $900-$1,000 and range trading for a while
5. Continued rise to $2,000 by end of year

tldr; BTC will double this year after making a couple of moves up and down.

it will rise as $2000 i think, as per demand of the people, it will more, its value will increase too. more and more people are interested therefore they will make bitcoin as their investment the supply will increase too, bitcoin needed to circulates in order for it to gain its value and to lived more longer, but so far I see that bitcoin will be the most well known cryptocurrency coin and will be the highest in terms of value among all,

It is not logical if it continues to go up all the time. They ll dump it to collect and raise it again. Imo summer will be dump season. They ll collect for a while. then maybe in sptember they ll start to pump again till 2000 USD

We can already see weak hands around the $1,800 range, we had broke it before but the rest of the market is now somewhat nervous and it hasn't really been able to crack it since we crossed it initially. I'm kind of comfortable with it already, but if it keeps going up then I have no complaints. Might as well just keep on trucking and see what happens. Seems good right now.

[Zicadis]

I can see the price in the $ 3000 range, but without a solution for slow confirmations and high fees, I don't see the price staying in that range for long.

The price increase is just an indicator that even with those problems still many chose to buy bitcoins. We are concerned about the high fees but the thing is that as the price is increasing, expect the fees will become higher not with the amount of bitcoins but because of the price or value of bitcoin. We will possibly hit $3,000 before this year ends.

One thing i like about bitcoin is it always keeps us in suspense, you just never know what will happen next... whether it will surge or soar and even with these temporary problems we facing we see more users demanding for bitcoin in spite of the high fees and high market value.

For 2017 we should expect bitcoin to close in the range of $2100- $2600

[cryp24x]

We are extremely close to hitting my 2017 target! Not sure what I'm going to do next, this needs a lot of research. Definitely taking profit on the majority of positions soon since it's at 300% at this point.

I bet the current news about Bitcoin and hype of Japanese news and the upcoming Australia adoption definitely messed up your data  .  Now you need to reorganize it and analyze it according to what happened during the Japanese Bitcoin rally.

As of the price, I guess there is a good chance of $2500 Bitcoin at the end of the year.

[StarofBTC]

We are extremely close to hitting my 2017 target! Not sure what I'm going to do next, this needs a lot of research. Definitely taking profit on the majority of positions soon since it's at 300% at this point.

I bet the current news about Bitcoin and hype of Japanese news and the upcoming Australia adoption definitely messed up your data  .  Now you need to reorganize it and analyze it according to what happened during the Japanese Bitcoin rally.

As of the price, I guess there is a good chance of $2500 Bitcoin at the end of the year.

With respect to how strongly bitcoin prices are staying right now and how aggressively it has reached $1850+ levels, I do believe $2000 levels will be possible in next week itself. If that will be happening then the target by end of 2017 would be $5000 levels or even $10k levels too will be possible subject to how many positive new we are going to have.

[Harry Callahan]

With respect to how strongly bitcoin prices are staying right now and how aggressively it has reached $1850+ levels, I do believe $2000 levels will be possible in next week itself. If that will be happening then the target by end of 2017 would be $5000 levels or even $10k levels too will be possible subject to how many positive new we are going to have.

It is really interesting to see these sort of predictions ,yes if the bull market continues the price of bitcoin could double with a few trading days and for the price of bitcoin to reach $5000 levels you really need to have a big difference in the amount of money invested in it,do you really think that there is yet another positive news coming that could really impact the price.

[kidoseagle0312]

Hello,

After successfully predicting BTC moves in 2016 here on the forum, I have a new set of 2017 predictions that I'm using to trade the current move.

1. Rise to $1,200-$1,300 (Current move)
2. Correction to $800-$900 level and range trading for a while
3. Rise to $1,500
4. Correction to $900-$1,000 and range trading for a while
5. Continued rise to $2,000 by end of year

tldr; BTC will double this year after making a couple of moves up and down.

That is similar to my predictions that I just made a few days ago. But recently I read a news that Chinese people are buying more bitcoins and it has reached the highest peak compared to before. With this movement probably by the end of January bitcoin will reach Two Thousand Dollars each and by the end of the year a 10k dollar price will shock  the market by the end of the year.

Actually,  2000$ before end of this year is very achievable but 10k$  before end of this year it is shockingly if that happens.
Though, according to the bitcoin experts by year 2025 bitcoin can become 10k$-100k$ each bitcoin.