He's been enthusiastic from the start, but it doesn't say he has to be wrong. In 2013 Bitcoin jumped from $500 to $1000 in less than a week. We are getting close to $800 now, which means $1600 could easily happen next year. Some people think it's overpriced right now though and market attitude likes to change.
Come on Bobby, be right this time!
Topic: [2016-12-04]The chief of Chinese exchange BTCC expects Bitcoin for $ 1,500 (Read 618 times)
December 05, 2016, 01:01:24 PM
December 04, 2016, 06:05:19 PM
There's only 4.97 Million Bitcoins left from the 21 million total.
If anyone thinks an asset that is growing more scarce by the day isn't going to increase in value -- well, you need your head examined.
The miners know this, the HODLers know it, and the active daytraders know it. There is less and less depth on the sell side, and even a
20 dollar swoon is absorbed and regained in a couple of days. We're on the upswing, the only question is how high it is going to go on
this leg.
If anyone thinks an asset that is growing more scarce by the day isn't going to increase in value -- well, you need your head examined.
The miners know this, the HODLers know it, and the active daytraders know it. There is less and less depth on the sell side, and even a
20 dollar swoon is absorbed and regained in a couple of days. We're on the upswing, the only question is how high it is going to go on
this leg.
Agreed. And re someone above, I don't think anyone thinks that "We all know that China holds the most btc" is accurate. Sure there has been a lot of mining the last couple of years from China, but there was much more prior to that.
December 04, 2016, 02:14:03 PM
Yes the fact that this is coming from Bobby Lee definitely gives it a ton of weight.
He is probably very in tune with the feelings of the large mining pools and other exchange operators.
(Although he may just be making this "prediction" in an attempt to increase the volume of Bitcoin being traded on their site.)
Hopefully BTC drops back down closer to $700 so I can invest a bit extra before the rise to $800-1000.
(I do think that will happen a few months from now, though.)
He is probably very in tune with the feelings of the large mining pools and other exchange operators.
(Although he may just be making this "prediction" in an attempt to increase the volume of Bitcoin being traded on their site.)
Hopefully BTC drops back down closer to $700 so I can invest a bit extra before the rise to $800-1000.
(I do think that will happen a few months from now, though.)
December 04, 2016, 02:10:26 PM
I only wonder if BTCC will offer a helping hand in reaching such prices, as it will directly benefit their mining operations as well.... 
Are the chinese doing this just to pump the price even further In him saying this?
We all know that China holds the most btc so anything one of their ceo's from one of the biggest companys to do with bitcoin could affect the price enormously.
We all know that China holds the most btc so anything one of their ceo's from one of the biggest companys to do with bitcoin could affect the price enormously.
I have the exact same thought. It's no secret that Chinese mining farms are highly incorporated in the larger Chinese exchanges. If it was for example the Winklevoss twins saying that the price would reach certain price levels, then I take it with a truckload of salt, but not this time. I have the feeling that this is an early signal at what we can expect for the coming years. It's early to speculate about a new ATH, but this gives me more confidence that we'll reach $1000 somewhere in 2017.
December 04, 2016, 01:55:54 PM
Bitcoin will eventually reach $1500 but it's not going to be this year and I am not too optimistic about next year either...
December 04, 2016, 11:20:29 AM
There's only 4.97 Million Bitcoins left from the 21 million total.
If anyone thinks an asset that is growing more scarce by the day isn't going to increase in value -- well, you need your head examined.
The miners know this, the HODLers know it, and the active daytraders know it. There is less and less depth on the sell side, and even a
20 dollar swoon is absorbed and regained in a couple of days. We're on the upswing, the only question is how high it is going to go on
this leg.
If anyone thinks an asset that is growing more scarce by the day isn't going to increase in value -- well, you need your head examined.
The miners know this, the HODLers know it, and the active daytraders know it. There is less and less depth on the sell side, and even a
20 dollar swoon is absorbed and regained in a couple of days. We're on the upswing, the only question is how high it is going to go on
this leg.
December 04, 2016, 10:57:23 AM
Are the chinese doing this just to pump the price even further In him saying this?
We all know that China holds the most btc so anything one of their ceo's from one of the biggest companys to do with bitcoin could affect the price enormously.
We all know that China holds the most btc so anything one of their ceo's from one of the biggest companys to do with bitcoin could affect the price enormously.
December 04, 2016, 09:23:21 AM
Bitcoin is working relentlessly since 2009. It showed us maturity even though it is under constant threats and problems.
The network is ready for more and new people are coming in. That kind of price is almost inevitable. I don't ask if this will happen, I would ask when this will happen.
The network is ready for more and new people are coming in. That kind of price is almost inevitable. I don't ask if this will happen, I would ask when this will happen.
December 04, 2016, 06:03:37 AM
Usually I don't take these kind of news articless too serious, but this coming from the big boss himself is rather interesting. Especially when you consider how much the volume of BTCC has increased lately. Right now BTCC is equally competing with giants OKCoin and Huobi when it comes to their daily trading volumes. I only wonder if BTCC will offer a helping hand in reaching such prices, as it will directly benefit their mining operations as well....
December 04, 2016, 05:48:28 AM
Chief of BTCC Bobby Lee noted that the value of Bitcoin in 2017 could update the historical max of 2013, and had the potential to reach and even exceed the mark of $ 1,500...https://bit.news/eng/chief-chinese-exchange-btcc-expects-bitcoin-1-500-2017/
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