Quote from: uki on March 07, 2016, 10:41:44 AM

Quote from: jt byte on March 06, 2016, 10:56:17 PM

Quote from: uki on March 06, 2016, 09:54:36 PM

To me, $500-600 is the maximum price range we can achieve, based on halving only. If there are no other fundamental events around this time, e.g., final agreement on block size, etc., there will be plenty disappointed holders wanting to get rid of their bitcoins quickly. the rest you may write yourself...

In my opinion the amount of 1000 dollar can be reached easy this year due to the halving that is coming.
I think its just a matter of time the halving will let the bitcoin price jump, I'm very sure of that.
Although it will maybe for a moment it will hit this amount the point is to sell it than on the right time of course.

Halving has little weight, if you consider how many Bitcoins have been mined already. That means, if whales start dumping the price can go arbitrary low, no matter technical supports at $350, $290.
Also there will be a lot of profit takers at above $500. Without attracting new money into Bitcoin (without fundamental developments) that would cause any halving pump or rally to stall there. Therefore, my prediction is to reach $500-600, as a maximum this year.

Most people depend on that little weight of merit apparently.

But even the slighest news that make people all riled up can make the difference for people convincing others to submit more purchases on the exchange.