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Topic: 2017 is crazy for bitcoin - page 18. (Read 3390 times)

member
Activity: 98
Merit: 10
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November 15, 2017, 05:31:22 AM
#44
Good media coverage for bitcoin. Price fluctuates loads but that means that massive gains/losses could be incurred.
full member
Activity: 202
Merit: 100
November 15, 2017, 05:27:24 AM
#43
Not crazy, I think it is just the beginning, the development of BitCoin is still very large and potential in the coming time.
newbie
Activity: 34
Merit: 0
November 15, 2017, 05:00:37 AM
#42
1 year ago I'd say in November of next year was 7000. Now is 200,000.
member
Activity: 147
Merit: 10
November 03, 2017, 05:46:44 PM
#41
Yeah, It was one crazy year for it. Recieved tons of attention aswell. All of the cryptos to be exact.
full member
Activity: 238
Merit: 100
November 03, 2017, 05:43:28 PM
#40
2017 is crazy not only for bitcoin, but for ethereum  Huh
sr. member
Activity: 378
Merit: 260
Bitcoin SV is Bitcoin
November 03, 2017, 05:39:12 PM
#39
I remember when it was between 700$ and 800$ Cheesy
hero member
Activity: 2814
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Have Fun )@@( Stay Safe
November 03, 2017, 05:37:36 PM
#38
I don't want to remember that i sold 5 btc the last year with low rate. Anyone here know the reasons behind bitcoin rise these days?
The main reason for the price to increase is simply because one of the worlds largest derivatives exchange CME announced that they will be creating futures to trade bitcoin and news is taking the coins to new levels and once they finalize and set things the price would explode without a doubt and finally we are seeing unprecedented growth in the price of bitcoin which i thought would take a very long time.
member
Activity: 78
Merit: 10
November 03, 2017, 05:22:11 PM
#37
2017 is crazy for every currency! In future maybe 2017 was born date for new amazing currency!
full member
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November 03, 2017, 05:20:39 PM
#36
yes, I agree with your thoughts. I see not only can subvert the conventional banking. but from the economic side also that bitcoin can subvert unemployment in every country, provided that people want to learn bitcoin.
at the end of 2017 I predict there will be many people who sell bitcoin. although it only has a bit of bitcoin.
full member
Activity: 294
Merit: 102
November 03, 2017, 04:58:14 PM
#35
Definitely this has been a good year for the Bitcoin, But above all, for all those who possess it. Thus breaking with the low expectations and little faith that the market had over it.
newbie
Activity: 42
Merit: 0
November 03, 2017, 04:33:08 PM
#34
Bitcoin is really crazy for this year. Maybe start this year bitcon rate 1200 or somethings low or high. Now bitcoin present rate 7400$. It is surprise for us. We hope end the year bitcoin touch 10000$ plus. I am waiting for this surprise.
newbie
Activity: 14
Merit: 0
November 03, 2017, 04:03:35 PM
#33
Actually its only exponential growth ,I am considering 2018 will be same as 2017.
This is really sencible move from investors allover the word they found bitcoin sustainable and good in technology that they can trust.
So this rise is expected.
We are aiming for 20k now.
full member
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November 03, 2017, 04:00:02 PM
#32
I don't want to remember that i sold 5 btc the last year with low rate. Anyone here know the reasons behind bitcoin rise these days?
sr. member
Activity: 1064
Merit: 265
Vave.com - Crypto Casino
November 03, 2017, 03:58:08 PM
#31
Yes,bitcoin is crazy.People buying bitcoin more and more that's why price is pumping.Because want free coin during fork.Yes i think bitcoin Will subvert the traditional banking.This is my opinion only Smiley
full member
Activity: 447
Merit: 108
November 03, 2017, 03:30:56 PM
#30
Yes 2017 is seriously crazy for bitcoin and other crypto currency. This is a year where bitcoin value increase from $1000 to above $7,200 at the last quarter of the year. Although one cannot tell what bitcoin value will become at the end of this year yet, but many of us believe that bitcoin will reach $10,000 before end of December 2017. And with the look of things, 2018 will be more crazy for bitcoin growth as more people will be accepting bitcoin and other crypto currency. 
full member
Activity: 336
Merit: 103
November 03, 2017, 03:14:23 PM
#29
It is really a very interesting question if bitcoin will subvert the traditional banking, but as the traditional banking is the heart of the government financing, I highly doubt that they will give up this system. They will likely introduce some kind of crypto currency to imply that they have something similiar to bitcoin, but they still need to create money without real values and this will lead to inflation and probably to a hyperinflation one day!
legendary
Activity: 3122
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November 03, 2017, 03:05:27 PM
#28
I remember that on 1st January 2017 , the price of bitcoin is about $1000, but now we can see the price is already over $7000. To be honest, that is why some people said this is bubble since the unbelievable rising of bitcoin. However, let us look back upon the history, we can tell that Email subvert the postal industry, Amazon subvert the retail industry. Furthermore, Will bitcoin subvert the traditional banking?

Above is just my personal idea.If you like or not, I wish everyone here have a nice day.

 

Honestly it was expected by the majority, not just because they are a hardcore bitcoin enthusiast but they have reasons to believe that is bound to happened, including me. Because of that continous price surge, even in our local community on which bitcoin isn't popular much, it gained attention to the point that they are asking me to give them some ideas to earn bitcoin.

Will bitcoin subvert the traditional banking?

No. Smiley
hero member
Activity: 1008
Merit: 510
November 03, 2017, 03:04:09 PM
#27
I remember that on 1st January 2017 , the price of bitcoin is about $1000, but now we can see the price is already over $7000. To be honest, that is why some people said this is bubble since the unbelievable rising of bitcoin. However, let us look back upon the history, we can tell that Email subvert the postal industry, Amazon subvert the retail industry. Furthermore, Will bitcoin subvert the traditional banking?

Above is just my personal idea.If you like or not, I wish everyone here have a nice day.

 

The Bitcoin price really has been crazy this year. When you remind me that the price has risen from $1000 to $7000 this year, it tells me that one of the following things happened:

A) Bitcoin was extremely undervalued before 2017 and is now where it should be or is trying to get to where it should be; OR

B) Something happened this year to make Bitcoin worth 7 times what it was at the beginning of the year; OR

C) Bitcoin is in a bubble and will have a huge crash at some point.

Of course it could be somewhere between A and C if Bitcoin was undervalued and has shot past its real value and is in a small bubble. I don’t think anything significant has happened to make B the the correct choice.

What do you think?
member
Activity: 193
Merit: 10
November 03, 2017, 02:55:46 PM
#26
agree, this year's bitcoin is very expensive. that's good for people who investment on bitcoin  Wink
copper member
Activity: 2968
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November 03, 2017, 02:46:45 PM
#25
I remember that on 1st January 2017 , the price of bitcoin is about $1000, but now we can see the price is already over $7000. To be honest, that is why some people said this is bubble since the unbelievable rising of bitcoin. However, let us look back upon the history, we can tell that Email subvert the postal industry, Amazon subvert the retail industry. Furthermore, Will bitcoin subvert the traditional banking?

Above is just my personal idea.If you like or not, I wish everyone here have a nice day.

 
Bitcoin used to worth less than a cent back then. No one believed on bitcoin and never expecting bitcoin to live this long, let alone the price. But here we are, with bitcoin standing at $7300 and people still screaming that it will be dead soon. We can expect the price to go above $8000 within the end of the year if no issues arises.
Bitcoin might take over the traditional banking system but not anytime soon.
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