Bitcoin Price in 2015?

[riiiiising]

maybe $1000, but will see

With Microsoft and eBay in in 2015 we will see double of that I think.

Merchant adoption =/= increase in demand. This should be common sense by now, but if a consumer can already use cash/credit cards/paypal, etc with a merchant, there is no incentive for using bitcoin! The only exception is when a merchant offers a limited time discount, like Dell and Newegg did earlier this year. But that is now gone.

That's why the price isn't at $5,000 or $10,000 like people expected on page one. There is no incentive for people to buy bitcoin right now. And an ETF or some bullshit like that won't change that fact either.

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[gentlemand]

maybe $1000, but will see

With Microsoft and eBay in in 2015 we will see double of that I think.

Merchant adoption =/= increase in demand. This should be common sense by now, but if a consumer can already use cash/credit cards/paypal, etc with a merchant, there is no incentive for using bitcoin! The only exception is when a merchant offers a limited time discount, like Dell and Newegg did earlier this year. But that is now gone.

That's why the price isn't at $5,000 or $10,000 like people expected on page one. There is no incentive for people to buy bitcoin right now. And an ETF or some bullshit like that won't change that fact either.

An ETF won't make any difference? Are you sure?

BTC works wonderfully for merchants. It's up to them to make it equally wonderful for their customers.

[inca]

And an ETF or some bullshit like that won't change that fact either.

Boy are you going to be surprised. Google how much investment capital there is in the US alone.

[ThatDGuy]

An ETF won't make any difference? Are you sure?

BTC works wonderfully for merchants. It's up to them to make it equally wonderful for their customers.

It is also in the interests of those merchants to enhance usability so customers are encouraged to use BTC.

[Meuh6879]

100: 2013
300: 2014
500: 2015
1000: 2016 (reward divised by 2)    ding, ding ding !

[atlantic miner]

We are still a very long ways away from being able to ETF
but if you get there, the sky is the limit

[Gabe]

So far the price is falling like they said it will. I know some of you are probably saying it doesn't mean anything but look, Bitcoin lost 20% of its value since the they made their prediction. Microsoft news didn't do much, maybe the market is scared they will sell the Bitcoins right away? I also think traders mined altcoins and exchanged them for Bitcoins. Maybe the altcoin miners stopped for some reason and Bitcoin is losing more of its value? I don't see Bitcoin reaching $5,000 in 2015 unless the banking system is compromised, which will send ppl off to Bitcoin.

[bitcats]

A comparison:

[ezeminer]

So far the price is falling like they said it will. I know some of you are probably saying it doesn't mean anything but look, Bitcoin lost 20% of its value since the they made their prediction. Microsoft news didn't do much, maybe the market is scared they will sell the Bitcoins right away? I also think traders mined altcoins and exchanged them for Bitcoins. Maybe the altcoin miners stopped for some reason and Bitcoin is losing more of its value? I don't see Bitcoin reaching $5,000 in 2015 unless the banking system is compromised, which will send ppl off to Bitcoin.

I mined some paycoin but now that paycoin is dropping... the paycoin hash rate was like 25PH-60PH showing the slight drop from the bitcoin hashrate. But now paycoin is losing it's value and everyone might start coming back to BTC mining, giving some faith in btc

[jjacob]

A comparison:

If the bull run of 2013 is going to be repeated in 2016, I will gladly wait for it. 

[ThatDGuy]

A comparison:

If the bull run of 2013 is going to be repeated in 2016, I will gladly wait for it. 

The next reward halving happens in July 2016.  Shit is gonna get real.

[FPCN]

It's possible and price has broken down below their lower trend line.  The next few weeks will be very telling to the direction the trend wants to take.  

I think it is definitely worth noting that the last spike in price coincided with the highest weekly exchange volume in bitcoin history... double the previous record... mainly China.  Over 6 million coins were traded (almost half of the entire coins in circulation) compared to the previous record of just over 3 million in November 2013.  That is extremely bullish.  http://data.bitcoinity.org/markets/volume/5y?c=e&r=week&t=a&volume_unit=btc

You trust the Chinese volumes? They look like total bullshit to me.

It's not fake. It's just because Chinese exchanges charging zero fee so people keep on buying and selling at no cost.

[jeliman]

Hi everyone,

I saw a few predictions for Bitcoin price in 2015. This is one of the things that caught my attention. They predict Bitcoin will reach $89 but I couldn't really understand why:

https://www.ddmarkets.com/bitcoin-forecast-2015-note-the-bearish-flag


Also, where do you think Bitcoin is heading? Down the drain or sky high?

give me any random price chart and I will give you two (or more) perfectly contradictory predictions full of fancy arrows and indicators

[Gabe]

The quote below highlights the change in sentiment since last January. The thread is full of people's January predictions for what the price would be now (a year later).

$1000 is a given.

$1500 is likely.

$2000 is a goal.

Edit: I'm not saying $2000 is very unlikely, just that I'd be very pleased to see it.

It's nice seeing these figures but what are their predictions based on? It's betting on a football score in the world cup. There needs to be a logic behind it.

[Gabe]

Hi everyone,

I saw a few predictions for Bitcoin price in 2015. This is one of the things that caught my attention. They predict Bitcoin will reach $89 but I couldn't really understand why:

https://www.ddmarkets.com/bitcoin-forecast-2015-note-the-bearish-flag


Also, where do you think Bitcoin is heading? Down the drain or sky high?

give me any random price chart and I will give you two (or more) perfectly contradictory predictions full of fancy arrows and indicators

The fact is that they were right and Bitcoin dropped from $370 to almost $300, you can't argue with facts. Did you see their chart? They just made an update by the way, saying there is an intraday support but if it breaks below it will keep going down.

[jeliman]

i have seen it and I remain totally unimpressed, they just managed to guess the right direction, out of two choices - up or down since btc is volatile which everybody knows

[afbitcoins]

Bitcoin might easily surpass $5000 !!!!


    

[yrask]

Bitcoin might easily surpass $5000 !!!!


    

Do you think that this line will be continue the next year? I don't think so, but anyway, hope that price will reach 5.000$ ! Hope generally that bitcoin will used by a great number of people

[Gabe]

i have seen it and I remain totally unimpressed, they just managed to guess the right direction, out of two choices - up or down since btc is volatile which everybody knows

If 'guessing' is proven successful over time then they are good guessers and I am happy to listen and act upon their guesses lol Anything you trade in the market, stocks, futures, options can be classified as guessing. You will see it as guessing while others will see it as a statistical trading strategy.

[Gabe]

Bitcoin might easily surpass $5000 !!!!


    

https://www.tradingview.com/x/erY0SMbO/

This chart is completely wrong, Bitcoin was never near $2,000. What time frame is this?