Say bye to Triple Digits

[YuginKadoya]

More like bye for now.

In 3+ years, we'll be back under $1,000 again.

3+ years? More like 3+ months lol.

Didn't expect someone would say something like that and a negative one on the bitcoin side, I have been thinking positively that it will not go back to just 1k amount but for a 3 years of bitcoin not growing that much you would expect the value to not go down so much, I think yes this is a speculation thread and we are talking about the nearest possible thing bitcoin will be and the way he say it is unrealistic.

[batang_bitcoin]

More like bye for now.

In 3+ years, we'll be back under $1,000 again.

3+ years? More like 3+ months lol.

Assuming that the price will come back again under $1k again after a couple of months just like what happened last month. But after 3+ years? I don't think so that it is going to happen any more. We will surely going to say goodbye with three digits and will probably aim for more digits, should I say welcome 5 digits after 3+ years?

[york780]

More like bye for now.

In 3+ years, we'll be back under $1,000 again.

3+ years? More like 3+ months lol.

Assuming that the price will come back again under $1k again after a couple of months just like what happened last month. But after 3+ years? I don't think so that it is going to happen any more. We will surely going to say goodbye with three digits and will probably aim for more digits, should I say welcome 5 digits after 3+ years?

Assuming the current growthfactor we will see 5 digits in $ at 2023 when we dont calculate the damage of any negative scenario in this formula. I think that 9k -10k is the max. price for bitcoin.

TOTAL INCREASE IN REFERENCE WITH 2017    % CHANCE                     BTC START PRICE                             

2011 = 1156 EUR       = 1                      =2313079,9%                      0,05    EUR                                       
2013 = 1143 EUR       = 0.98                  =6065,85%                         10,12   EUR
2015 = 952,06 EUR    = 0,83                  =451,19%                           265,07 EUR
2016 = 761,94  EUR   = 0,79                  =189,8%                             391,96 EUR

So this will mean that +/- bitcoin is growing every year -10% stagnation.

2017 will be 1156 x +/- 1,67           = 1930,52 EUR at the end of the year.
2018 will be 1930,52 x +/- 1,57       = 3030,9164 EUR at the end ot the year
2019 will be 3030,9164 x +/- 1,47   = 4455,44711 EUR
2020 will be 4455,44711 x +/- 1,37  = 6103,96 EUR
2021 will be 6103,96 x +/- 1,27       = 7752,03 EUR
2022 will be 7752,03 x +/- 1,17       = 9069,87 EUR
2023 will be 9069,87 x +/-1,07        = 9704,76939 EUR

[batang_bitcoin]

More like bye for now.

In 3+ years, we'll be back under $1,000 again.

3+ years? More like 3+ months lol.

Assuming that the price will come back again under $1k again after a couple of months just like what happened last month. But after 3+ years? I don't think so that it is going to happen any more. We will surely going to say goodbye with three digits and will probably aim for more digits, should I say welcome 5 digits after 3+ years?

Assuming the current growthfactor we will see 5 digits in $ at 2023 when we dont calculate the damage of any negative scenario in this formula. I think that 9k -10k is the max. price for bitcoin.

TOTAL INCREASE IN REFERENCE WITH 2017    % CHANCE                     BTC START PRICE                             

2011 = 1156 EUR       = 1                      =2313079,9%                      0,05    EUR                                       
2013 = 1143 EUR       = 0.98                  =6065,85%                         10,12   EUR
2015 = 952,06 EUR    = 0,83                  =451,19%                           265,07 EUR
2016 = 761,94  EUR   = 0,79                  =189,8%                             391,96 EUR

So this will mean that +/- bitcoin is growing every year -10% stagnation.

2017 will be 1156 x +/- 1,67           = 1930,52 EUR at the end of the year.
2018 will be 1930,52 x +/- 1,57       = 3030,9164 EUR at the end ot the year
2019 will be 3030,9164 x +/- 1,47   = 4455,44711 EUR
2020 will be 4455,44711 x +/- 1,37  = 6103,96 EUR
2021 will be 6103,96 x +/- 1,27       = 7752,03 EUR
2022 will be 7752,03 x +/- 1,17       = 9069,87 EUR
2023 will be 9069,87 x +/-1,07        = 9704,76939 EUR

Good charts that you had and I can't wait to see the price of bitcoin to be landing at 5 digit. As you had mentioned casualties and any other negative scenarios aren't included, do you think isn't that to early by not including those things that we are worrying? Or we don't have to worry about those things as bitcoin chart will clearly tell us that it will go up naturally.

[BitFinnese]

More like bye for now.

In 3+ years, we'll be back under $1,000 again.

3+ years? More like 3+ months lol.

Too soon to say that .  No bad press to see Bitcoin under $1000.  People seems used to the political debate about Bitcoin Scalability and have accepted that it will take a long time to solve it.  Aside from that the effectiveness of the previous FUD had gone so I do not think Bitcoin price will crash that low.

[zimmah]

Seems we haven't quite yet left the triple digits behind for good.

and it seems it might still take a while longer before we will.

Aaand we are on 4 digits again.. It starts to be quite exhausting to say good bye and hello to the triple digits all the time again and again.
But seriously, there will still be probably some kind of oscillation around 1k btc before the new bottom will move above that level. Good thing is that we could see, that even when there was a thread of hard fork or ETF approval, we didn't get very deep and we can say that $900 is a reall bottom right now. If you compare it with 2014, bitcoin is much more stable than it used to be back in the times.

Some price fluctuation is good for traders. I don't mind it as long as we trend upward. In fact, a slow rise with fluctuation is probably the best scenario.

The recent pumps and dumps of bitcoin it's heaven for experienced traders, because (without no offence to anyone) current market is full of noobs driven by emotions which panic sell with every little price change. And those pro traders, who then buy low are laughing hard.

I have been HODLing my bitcoins for forever, and I never sold, not even when the price dropped to $250ish after having reached $1300. I don't give a damn, I don't sell for price swings up or down.      
But just recently I did sell 25% of my coins and exchanged them for altcoins, because I am getting sick and tired of this blocksize debate, and it's hurting bitcoin.    

If this debate isn't resolved soon, bitcoin will die from it.    
  
And the worst thing is, is that bitcoin core had the responsibility to avoid this debate, and they failed. Yet they still have support of many people, even though they failed the one job they had.

I fully agree, they are ruining bitcoin and letting altcoins getting their marketcap as a result of pour leadership

lol. have you seen bitcoin price history so far!
it has been always like this, the current trend of price going down and having (seemingly) trouble to go back up has been a common thing. the FUD subject changes but the principle stays the same

the same goes for altcoins, they have always used this opportunity to pump themselves and that is not new either.

I've been in here longer then you kid, I don't need to look at the history of bitcoin, I was there.

This is different though.      

This isn't some FUD about an exchange being hacked, or the president of China farting on chinese miners.    
This is a serious issue that is caused by poor leadership and politics.    
An issue that could have been prevented, and could be fixed easily. But so far it has taken years and it's still not fixed, and there's no sign that it would be fixed at all.  

The technical side of the problem is trivial, but the political side is difficult. And most of the altcoins don't have the same problem, because they have nothing to lose, so their leadership isn't fighting for control (yet, at least).    

Due to this infighting, the user experience for bitcoin users is noticeably getting worse. Or at best stagnating (and in revolutionary technology, stagnation is identical to deterioration). While at the same time altcoins keep innovating and increasing user experience.    

How long do you think bitcoin can ride of their network effect alone? Because truth is, bitcoin has offered nothing to their users other then being the big guy in town for the last 2 years or so.    

Do you really think this fact alone will be enough to carry bitcoin for another 2 years?

think again.    

Bitcoin is still young, most investors are innovators and early adopters. Early adoption and innovation is in your blood, you're either an early adopter or you're not.  
Early adopters constantly look for revolutionary technology. And right now, bitcoin has became stale.  
So most of the whales in bitcoin have already started to look for promising new ideas. Some may have already diversified a bit to test the waters.      
  
It won't be long before they dive in completely. You can't keep innovators and early adopters satisfied for very long with a stale product.

It depend on the price, fully. If the price stagnates and other cryptocurrencies will outperform bitcoin then we have a big problem because it occcurs at the same time when bitcoin has his big issues. I agree that this problem isnt like the others. This isnt a temporary problem that bitcoin can overcome easily. The price reflects the situation perfectly.

The block size problem can be fixed very easily! This has been going on for way too long though.
I can only imagine the positive effect on Bitcoin if the scaling problem ever gets fixed. Bitcoin already has thousands of transactions every 10 minutes. It is a good thing to have that many transactions, it shows the need to transfer money and actually use Bitcoin.
Increase the limits and Bitcoin can grow. One way or another. I don't care how.
Or, wait until some unimportant pre-mined or centrally controlled alt-coin takes over.

technically it can be fixed really easily, and should have been done long ago.
the problem is political, and i'm not sure bitcoin will ever overcome the political struggle.

mostly because a lot of idiots still support the  obviously toxic blockstream.

if the bitcoin community would just ignore the toxic blockstream devs, bitcoin would be way better off. Instead, a lot of people seem to cheer them on.

Ridiculous.

[Wipro]

More like bye for now.

In 3+ years, we'll be back under $1,000 again.

3+ years? More like 3+ months lol.

Too soon to say that .  No bad press to see Bitcoin under $1000.  People seems used to the political debate about Bitcoin Scalability and have accepted that it will take a long time to solve it.  Aside from that the effectiveness of the previous FUD had gone so I do not think Bitcoin price will crash that low.

So what we can do. Politics been involved in bitcoin when the price striking to big amount. If you look the bitcoin to see more than 1000$, Yes, we are moving to big amount and you can see the value around and more than 1100$.
Price fluctuations and forking pulling back the value but adoption rate takes off the value to big amount.

[Nagadota]

Triple digits might be on their way soon due to the mess ups from the Tether dollar and the trouble with Bitfinex right now.  After that fiasco is behind us, then we'll say goodbye for the long term.

[york780]

Triple digits might be on their way soon due to the mess ups from the Tether dollar and the trouble with Bitfinex right now.  After that fiasco is behind us, then we'll say goodbye for the long term.

What happened with Tether ? I did miss the news abut that one

[lionheart78]

More like bye for now.

In 3+ years, we'll be back under $1,000 again.

3+ years? More like 3+ months lol.

Too soon to say that .  No bad press to see Bitcoin under $1000.  People seems used to the political debate about Bitcoin Scalability and have accepted that it will take a long time to solve it.  Aside from that the effectiveness of the previous FUD had gone so I do not think Bitcoin price will crash that low.

So what we can do. Politics been involved in bitcoin when the price striking to big amount. If you look the bitcoin to see more than 1000$, Yes, we are moving to big amount and you can see the value around and more than 1100$.
Price fluctuations and forking pulling back the value but adoption rate takes off the value to big amount.

Just wait and see how this political agendas will end up.  I just hope this agendas won' consume Bitcoin and lead it to its demise.  It is really getting tiresome reading debates and propagandas of these two camp but we cannot do anything about that except exit Bitcoin and look to other altcoin if we have enough of these stuff but of course we won't do that.  This political agendas is stalling Bitcoin to its greatness.

[Kemarit]

More like bye for now.

In 3+ years, we'll be back under $1,000 again.

3+ years? More like 3+ months lol.

Too soon to say that .  No bad press to see Bitcoin under $1000.  People seems used to the political debate about Bitcoin Scalability and have accepted that it will take a long time to solve it.  Aside from that the effectiveness of the previous FUD had gone so I do not think Bitcoin price will crash that low.

So what we can do. Politics been involved in bitcoin when the price striking to big amount. If you look the bitcoin to see more than 1000$, Yes, we are moving to big amount and you can see the value around and more than 1100$.
Price fluctuations and forking pulling back the value but adoption rate takes off the value to big amount.

Just wait and see how this political agendas will end up.  I just hope this agendas won' consume Bitcoin and lead it to its demise.  It is really getting tiresome reading debates and propagandas of these two camp but we cannot do anything about that except exit Bitcoin and look to other altcoin if we have enough of these stuff but of course we won't do that.  This political agendas is stalling Bitcoin to its greatness.

Personal or political agendas will not stop in bitcoin ecosystem. We can admit that both has its own agenda, but is it good for the bitcoin market price? absolutely not. Because every negative news has an effect on the price. It may has on some extent drive out some investors and move to alt-coins already. I hope a consensus can be reach so that so that we can really see the potential of bitcoin like going mainstream and adopted as mode of payment by big merchants.

[Silberman]

More like bye for now.

In 3+ years, we'll be back under $1,000 again.

Nice speculation but I doubt it will happened in the near future. I would have agree if the price is doubled, more like $2000++ in 3 years. And I don't think anyone here would have agree with your prediction either. Anyways, as the next halving will occur in the next 3 years, The question of the how the price will move is an interesting one.For me it will mean an increase in price as more people will be made aware of the crypto currency sphere and bitcoin itself.

Yes the halving is another thing we need to take into account when it comes to the price, when the last halving happened not much happened that month but after a few months passed the price began to climb so we must take this opportunity to buy bitcoin before the next halving.

[york780]

More like bye for now.

In 3+ years, we'll be back under $1,000 again.

Nice speculation but I doubt it will happened in the near future. I would have agree if the price is doubled, more like $2000++ in 3 years. And I don't think anyone here would have agree with your prediction either. Anyways, as the next halving will occur in the next 3 years, The question of the how the price will move is an interesting one.For me it will mean an increase in price as more people will be made aware of the crypto currency sphere and bitcoin itself.

Yes the halving is another thing we need to take into account when it comes to the price, when the last halving happened not much happened that month but after a few months passed the price began to climb so we must take this opportunity to buy bitcoin before the next halving.

Barry  is that you?