A new year, so new hopes. This year will be the year of Linu... I mean Bitcoin, right? Since I like to predict and I tend to flatter myself that I am fairly good at it, here are my price movement predictions for Bitcoin. My last year's prediction was right on the money when I correctly guessed a year ago that 2014 will be the first year when BTC would close down for the year. Before you cry about my crystal ball, make your own predictions and we will come back to this thread 12 months from now... Anyhow, let's throw in the predictions, and more than one, because that's how the pros do it!: 1. The ATH of $1200ish will never be reached. Ever. 2. Price will stay in the $150-450 range. 3. There will be 3-4 bigger rallies but I would be surprised to go much over $600. 4. Bitcoin won't die in 2015 but it won't get much more popular (aka used) either. It is going to stay a very tradable product, generally after every bigger move sideways action expected with well defined ranges of 20-40 bucks. 5. The scandals and hacks will continue effecting the price volatility but only temporarily. 6. I don't expect the Winklewii to get the SEC permit for their ETF, but if so, that will add to BTC's price volatility. In general just fade every quick move, none of the sudden jumps will be for long.
I predict - anything can happen "Anything can happen" is copyrighted, and cannot be used without my permission marc
my prediction: it actually dips below $100 and spends most of the year in a dead zone range of $110-$145. new ATH is hit 2-3 years from now.
That is for 2016, specially after halving the reward. When after 2 years of increasing "adoption" the price has been falling and not recovering, very few enthusiast will stick to it. It will die a slow death... Right now the under $150 price is still protected by huge buy orders, specially in the long run. But let's give it another lackluster year, and there we are. Of course assuming that a huge whale dump isn't happening...
Hey, let's check my predictions for this year. I know the year isn't over, but it is still fun: My range of 150-450 was broken by only 50 bucks for a few hours. Although the Winklewii did get the exchange against my doubt, but 2-3 weeks later the price did go vertical! (I think it was the Chinese, not the Winklewii exchange, but I take the credit anyway.) So far, the predictions weren't bad at all, and if you shorted $450 you are sitting on nice profits...
Yeah I bought a shitload of Dogecoins and sponsored a NASCAR driver... Just kidding, this is what I am saving for: https://www.bitpremier.com/4-fine-art-antiques/1724-wild-kong-by-richard-orlinski I appreciate the positive feedback though...
Slight correction: Actually, my prediction was about their ETF, not their exchange, and that still hasn't happened yet, so I am still right about that one...
Shame on you for not selling above $400. I thought you have been hanging out on a trading website or something... Watch out for my next prediction in January.... For the next few weeks the price will eventually stabilize in the 280-320 range....