BitcoinLargo
rough outlook for 2016
follow the violet arrows which indicate the trend. the purple and red arrows are corrections or short term trends. the end 2016 price level is just a guess which may also be 800 or 4000. A target prize level far below that is unlikely due to the reasons below ..
as before it is clear that the market cap is a result of the global Bitcoin activity or number of users and transactions. Speculation follows and emphasizes the trend.
for 2016 I expect two events:
(1.) the blocksize debate will solve itself under the pressure of rising tx numbers. That will create a lot of trust into Bitcoin and leads to increasing adoption
(2.) the blockhalving event will incentivize growing miner activity until 06/15. That automatically leads to higher prizes because it becomes obvious how limited the supply of Bitcoin is.
as before it is clear that the market cap is a result of the global Bitcoin activity or number of users and transactions. Speculation follows and emphasizes the trend.
for 2016 I expect two events:
(1.) the blocksize debate will solve itself under the pressure of rising tx numbers. That will create a lot of trust into Bitcoin and leads to increasing adoption
(2.) the blockhalving event will incentivize growing miner activity until 06/15. That automatically leads to higher prizes because it becomes obvious how limited the supply of Bitcoin is.
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