Post
Topic
Board Speculation
Re: 2016 Bitcoin Predictions
by
Supercrypt
on 23/01/2016, 20:35:51 UTC
Here are my Bitcoin price predictions:
1. BTC stable at around $400-$500 for the next few months.
2. 40-50% spike for block halving hype.
3. Retracement back down to $400-$500 level.
4. Slow rise to $700 per BTC once weak hands are out.

Very good and even reasonable predictions. Can be liked by everyone who don't like and make castle in the air. My problem is only one: Where are based? From what analyse were jumped out? What kind of data are used to give such amounts? If given only because like to the OP (and even me too) have any kind of importance to be considering as reachable. I can do hundred of those and create hundred threads - and for sure one of those may be very near the true if it would be so many - but this yet doesn't mean that me, who have gave these data which were verified as true, am a good predictor. I wonder when it would be possible to have the possibility to have some data which can help to make based predictions about the bitcoin price...  Huh  I'm afraid never.

There has been no website as well that is based on facts but they just predict that the price of bitcoins may rise or decrease taking into account the china market or any news related to bitcoins.
Some say that when bitcoin was declared to not be banned, the price increased but that was also not a factual reason.

I believe that it's not possible to predict the prices but I just hope that bitcoins do keep growing and get popular as time passes by and I feel the first point might be a possible in the coming months.