$3000+ on sight for this year after BUcoin disaster

Silberman

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Quote from: NUFCrichard on March 15, 2017, 01:14:08 PM

Quote from: thejaytiesto on March 15, 2017, 12:46:58 PM

but with or without segwit price will keep going up because bitcoin is still insanely undervalued.

How do you come to this conclusion? It is basically impossible to value bitcoin, so it could be massively overvalued, or undervalued.
I don't really see too much to suggest that it is used often enough to be worth $20billion or more.

I don't know a single other person who uses bitcoin, and when I try to use Bitcoin, I am usually disappointed.

Be patient, most technologies suck at the beginning but eventually get better, just look at the internet, the internet exists since the 70’s but it wasn’t until the 90’s it became mainstream and even then the web was not that good, it was not until the new millennium the web as we know it began to exist.

cengsuwuei

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I think is never if bitcoin price this year can incraese to 3000 dollar/bitcoin
is posibility bitcoin price this year only incraese to 1500 dollar/bitcoin

DrGuns4Hands

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i fear that this will happen maybe when bitcoin price reach this thats the end of bitcoin because it will not be balance remember those rich holding a large of bitcoin if the price of bitcoin reach that price they can make multiple of million dollars so bitcoin price hoping it would be balance so bitcoin will be with us forever.

botany

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Quote from: Taki on April 11, 2017, 07:00:01 AM

Those people who were speculating on the fork and BU must be earned good money. Now we can calm and continue to use bitcoin as we wish without any fears.

There seem to be a lot of betting on specific events - the ETF approval for one and hard fork.
As long as the price recovers after the volatility, everybody is happy.

1Referee

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Quote from: Taki on April 11, 2017, 07:00:01 AM

Those people who were speculating on the fork and BU must be earned good money.

Everything that makes the price go up and down wildly, means bank for those with the deepest pockets. BU is just one of the many things people seem to be worried about. Before that, there was a long time where China was negatively affecting the market with regulations and all other related nonsense. It will continue because it works. Whatever the reason may be, people will constantly sell in panic and cause the market to shake heavily in both up and down directions.

Quote from: Taki on April 11, 2017, 07:00:01 AM

Now we can calm and continue to use bitcoin as we wish without any fears.

Don't put aside everything related to the fud around the potential hard fork. It's still there, but we just took a break.

lumeire

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Quote from: timerland on April 12, 2017, 02:46:16 AM

I think that 2000$ level is a good target for this year considering it is over 50% rise from current price, and I dont expect something bigger in 2017, but actually the BU disaster may give up so much strength to bitcoin core that we will see it in this year.

I hope that hard fork is not going to happen, because it may cause many problems at the exchanges, and on the other sites.

I would rather choose SegWit if it was up to me, but it is the choice of the miners, not me.

Too early for that IMO, BTCBTCBTC would attract so much eyes and eager investors that it'll implode on the slightest of problems.

timerland

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I think that 2000$ level is a good target for this year considering it is over 50% rise from current price, and I dont expect something bigger in 2017, but actually the BU disaster may give up so much strength to bitcoin core that we will see it in this year.

I hope that hard fork is not going to happen, because it may cause many problems at the exchanges, and on the other sites.

I would rather choose SegWit if it was up to me, but it is the choice of the miners, not me.

Taki

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Those people who were speculating on the fork and BU must be earned good money. Now we can calm and continue to use bitcoin as we wish without any fears.

Mbokani

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Quote from: bartolo on April 09, 2017, 08:53:13 AM

I agree with the idea of a slow rise up and I prefer that. I prefer a slow and stead grow than pumps and dumps. Growing slow can give stability and confidence. For the traders I understand they don´t think the same because when they earn money is where pumps and dumps happen so I guess we will still see many "euphoria-fear" movements in the future but in the background and in the long term I think bitcoin price should keep rising.

It is not completely true that every trader is happy with pump and dump nature but there are traders who spend their life into day trading who are capable of tapping the market sentiments and make a good move to make the best profit and those people does not care about the price as they simply care about the volatility rather than a steady price and BU disaster will not take the coin to $3000 ,but you have to find a solution for the scaling issues to reach those values.

Amandier

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3000$ is a much more than what can be reached this year ! My highest hopes let me think about 1600$, but even this, I am not sure that it is possible !

york780

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Guys I dont know if this is true because I dont want to spread FUD here but I have read that IF we dont have SegWit before december this year we will have a hardfork. Can anyone confirm or deny this? Thanks

Noctis Connor

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lol how come you get into that predictions ? this year i sight that bitcoin could only reach $1500 or more but your prediction is so so so impossible because were talking about bitcoin price here and theres a lot of rich people who has a lots of bitcoin if that happen i think the world will be imbalnce . super imbalance. because theres no way that satoshi could own a super big money even satoshi is still anonymous if that happens i think he/she will show up right ?

cellard

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Quote from: Omega Weapon on April 10, 2017, 07:08:04 PM

Quote from: thejaytiesto on March 15, 2017, 12:46:58 PM

The fears of a hard fork were bringing clouds on the bitcoin price, with some people planning to short or go back to fiat, but those fears are now cleared after BUcoin collapsed. Now Core can keep doing a good job keeping our BTC safe, the price will keep organically growing, and let's hope that miners start being reasonable after this and adopt segwit, but with or without segwit price will keep going up because bitcoin is still insanely undervalued.

I will like that to be truth but I don’t think Bu supporters are going to give up that easily also the price you suggest is too high that would mean bitcoin will need to almost triple its price in a matter of months which is unlikely taking into account the difficult month we left behind us.

If BU becomes irrelevant just like XT and Classic $3000 is indeed very possible. I think Bu is slowly fading away, the only way Jihan can get everyone's attention again is by deploying a very aggressive hard fork / 51%+ attack, which would ruin his whole business too.

Omega Weapon

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Quote from: thejaytiesto on March 15, 2017, 12:46:58 PM

The fears of a hard fork were bringing clouds on the bitcoin price, with some people planning to short or go back to fiat, but those fears are now cleared after BUcoin collapsed. Now Core can keep doing a good job keeping our BTC safe, the price will keep organically growing, and let's hope that miners start being reasonable after this and adopt segwit, but with or without segwit price will keep going up because bitcoin is still insanely undervalued.

I will like that to be truth but I don’t think Bu supporters are going to give up that easily also the price you suggest is too high that would mean bitcoin will need to almost triple its price in a matter of months which is unlikely taking into account the difficult month we left behind us.

joshy23

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Quote from: bartolo on April 09, 2017, 08:53:13 AM

I agree with the idea of a slow rise up and I prefer that. I prefer a slow and stead grow than pumps and dumps. Growing slow can give stability and confidence. For the traders I understand they don´t think the same because when they earn money is where pumps and dumps happen so I guess we will still see many "euphoria-fear" movements in the future but in the background and in the long term I think bitcoin price should keep rising.

Yes, me too, I prefer a steady phase of growth regarding the market price of bitcoin. However, we also know that bitcoin is volatile. When another drama comes along bitcoin price will be down again. But I'm still hoping that at least all the issue should be step aside so that the growth of bitcoin will continue and might, I said might hit the $3000 price ceiling in the future.

Stedsm

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Quote from: Sniper44 on April 09, 2017, 09:26:34 AM

$3000 is going overboard.
if the BU disaster and FUD stops and disappears then we can surely see some sell pressure be lifted too and because of the good news there will be some buy pressure and for that price will rise.

but it won't be to $3000 that is too big and impossible without a bubble shaping up.

Let's not be too much optimistic. Why bitcoin has been said undervalued by OP? Even after the collapse of BUCoin, the price is still stable, that's the first thing. Other is that, even if BUCoin would have succeeded, how it would have affected Bitcoins' value? Were your Bitcoins to be exchanged for BUCoins? If yes, you would be liable to either continue with SegWit or go for the new coin, so why to compare the value of Bitcoins with BUCoin's failure?

Sniper44

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$3000 is going overboard.
if the BU disaster and FUD stops and disappears then we can surely see some sell pressure be lifted too and because of the good news there will be some buy pressure and for that price will rise.

but it won't be to $3000 that is too big and impossible without a bubble shaping up.

KennyR

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Quote from: bartolo on April 09, 2017, 08:53:13 AM

I agree with the idea of a slow rise up and I prefer that. I prefer a slow and stead grow than pumps and dumps. Growing slow can give stability and confidence. For the traders I understand they don´t think the same because when they earn money is where pumps and dumps happen so I guess we will still see many "euphoria-fear" movements in the future but in the background and in the long term I think bitcoin price should keep rising.

Stabilty is a must to have a sustained growth, with bitcoin even on pumps and dumps soon after that the price stabilizes making the price move forward. Right now even after several disasters bitcoin survived to move with stabilty after a sudden price dump. On this basis I believe $3000 is quite possible.

bartolo

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I agree with the idea of a slow rise up and I prefer that. I prefer a slow and stead grow than pumps and dumps. Growing slow can give stability and confidence. For the traders I understand they don´t think the same because when they earn money is where pumps and dumps happen so I guess we will still see many "euphoria-fear" movements in the future but in the background and in the long term I think bitcoin price should keep rising.

alyssa85

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Quote from: arwin100 on April 09, 2017, 05:15:09 AM

But in this case truly im wondering how things could go on bitcoins economy after the mass acceptance of japan citizens. Maybe it has a great effect truly but i cannot see some good odds upon predicting an higher price of it.

Is there really going to be mass adoption of bitcoin by japanese citizens? What we have seen over and over is that even if you make bitcoin available for people to use, they just don't bother.

See Overstock enabling bitcoin and thinking this would help them gain ground over amazon. What happened is that a few enthusiasts used the function, and then forgot about it and went back to using dollars.

I predict the Japanese will stubbornly continue to use yen and ignore the bitcoin facilities.

The only time people switch to bitcoin is when there are capital controls (eg under Argentina's old govt - when they abolished capital controls, people went back to using the normal currency).

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