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Re: 2017 Year of the Bitcoin
by
Yakamoto
on 21/07/2016, 14:54:02 UTC
It is too early question , already it boomed in 2016 from 300$ to over 700$, many expectation in 2017 i hope it will increase more in the coming year, 2016 is the best year for bitcoin investors who made huge profits.

Yeah we saw major growth in the price of bitcoin in this year and we can expect the same in future too and if price will keep on rising in this year then it will be followed in next year too.
A lot of the growth was related to the halving, and it played out basically how I thought it would. We hit the mid $600s, and we're currently double the 2015 low of $330 (I know it went to the $200s but the average value was $300 iirc) and so all the miners are covering their expenses and everyone is happy. This being stable means a lot too, as it means that the market is satisfied with the value being around where it is.