Are we going to 5,000 $/btc ? - page 3.

Patsakkyy

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Quote from: Supercrypt on June 28, 2017, 10:52:44 AM

Quote from: bitcoinstress on June 28, 2017, 05:10:03 AM

Not in next weeks, not in next month, not in this year without any big event to have an expectation bitcoin will going to $5000 is really hard.

There are many big events yet to unfold. So, you cannot say "not in this year".
Segwit activation and some countries to legalize bitcoins are few among them but with big weighted news. I guess without any big news also bitcoin may get into $5000 levels just by self-promoting along with new ATHes. Yes, new peak prices will attract new investors and it may go recursively.

Reality and we will see already a good potential in Bitcoin and the price growth can begin next month even before the end of the year. If the price is 5000 dollars, then it's already 2018, most likely. But for some reason everyone expects a bad number in August. What can it be, and why are everyone afraid of this date?

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Quote from: bitcoinstress on June 28, 2017, 05:10:03 AM

Not in next weeks, not in next month, not in this year without any big event to have an expectation bitcoin will going to $5000 is really hard.

There are many big events yet to unfold. So, you cannot say "not in this year".
Segwit activation and some countries to legalize bitcoins are few among them but with big weighted news. I guess without any big news also bitcoin may get into $5000 levels just by self-promoting along with new ATHes. Yes, new peak prices will attract new investors and it may go recursively.

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Quote from: Windpower on June 28, 2017, 05:35:12 AM

Quote from: ItchyIrish on June 10, 2017, 11:56:29 AM

Is it possible to reach 5,000 $ /btc this week or next week ?

There is obviously a change that Bitcoin will reach thousand dollars this week or next week. But the question is, how high is that chance? The answer, extremely low. The price did rise over 1 and a half thousand dollars in the span of a couple of days when the price went up from 1 thousand to 2 and a half thousand dollars. However, I think that if the price shot up again, it wouldn't be a good thing for Bitcoin as the sharp rises are the cause for the insane amount of volatility of the Bitcoin price. I think that the price will sit around 2500-3000 dollars for a couple more months and then steadily rise up from there.

If bitcoin will not continue to crash and go down for like $2000 i'm sure it will hit to 2800-3200 dollars for a few months. Some other users are already panicking for the sudden drop. I believe that it will take a couple of year or more before bitcoin will hit to $5000 since some other countries are already accepting bitcoin, and it will give a big impact to bitcoin price.

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Quote from: ItchyIrish on June 10, 2017, 11:56:29 AM

Is it possible to reach 5,000 $ /btc this week or next week ?

There is obviously a change that Bitcoin will reach thousand dollars this week or next week. But the question is, how high is that chance? The answer, extremely low. The price did rise over 1 and a half thousand dollars in the span of a couple of days when the price went up from 1 thousand to 2 and a half thousand dollars. However, I think that if the price shot up again, it wouldn't be a good thing for Bitcoin as the sharp rises are the cause for the insane amount of volatility of the Bitcoin price. I think that the price will sit around 2500-3000 dollars for a couple more months and then steadily rise up from there.

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Not in next weeks, not in next month, not in this year without any big event to have an expectation bitcoin will going to $5000 is really hard.

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Quote from: Vishnu.Reang on June 27, 2017, 06:01:21 AM

Reaching $5,000 per coin actually doesn't require much of an effort. Even if Bitcoin re-captures the previous crypto-coin market share of 80%, then $5K can be easily achieved (if the crypto market cap remains constant). And there is a strong chance of that happening, once the uncertainties surrounding the fork are removed.

Bitcoin will surely achieve that price in future but no one knows when exactly it will happen and we may need to wait for a long time as everyone is hoping to see that price in the end of the year but I doubt that it will be able to achieve it in this year.

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Quote from: Slow death on June 27, 2017, 05:40:35 AM

Quote from: mindrust on June 27, 2017, 04:52:47 AM

With the current situation of miners, It looks very unlikely with these conditions.

If Jihan takes control of bitcoin, it will be all over. Not only for bitcoin, but all cryptos. It won't happen instantly. Bitcoin may even hit 5k$ after that shitstorm. Hell even a shitcoin like eth made x40 jump in a couple months. 5k$ can easily be achieved. Reaching to 5k$ has no meaning if we can't hold bitcoin there for a long time. With the slightest loss of trust, bitcoin will fall below 1k$.

A similar situation has already taken place with eth. 9$>400$ happened. People lost their trust in eth and it was insta bloodbath to 200$

If we can't keep bitcoin as a decentralized asset, that's exactly what we are going to experience.

There are months that I have not read the news about bitcoin because my internet is very slow, I am completely lost....

Is it possible for this jihan to take control over bitcoin?

Dude, what do you expect? He controls the major pools and made them his bitch because he is the main (and the only) miner manufacturer. If those pools don't do what he says, he won't make those "special" discounts anymore. To stiff his monopoly even further, he created ASICBOOST and patented it and because of that, there will never ever be any competing companies.

What do all these tell you?

We are already holding Jihancoin and the only reason that i'm still holding mine because i have a little hope of getting rid of him one day.

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Quote from: Vishnu.Reang on June 27, 2017, 06:01:21 AM

Reaching $5,000 per coin actually doesn't require much of an effort. Even if Bitcoin re-captures the previous crypto-coin market share of 80%, then $5K can be easily achieved (if the crypto market cap remains constant). And there is a strong chance of that happening, once the uncertainties surrounding the fork are removed.

Considering that we never had any cryptocurrency with stable $5000 price I wouldn't say that reaching $5000 is easy, or doesn't require much of an effort.
It will be a huge milestone for Bitcoin, and I doubt that after scaling upgrade will end positively bitcoin's price will reach $5k just like that.

Recent GDAX ETH crash showed us that every cryptocurrency is linked to each other. Negative ETH news will undermine bitcoin's position too.

Vishnu.Reang

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Reaching $5,000 per coin actually doesn't require much of an effort. Even if Bitcoin re-captures the previous crypto-coin market share of 80%, then $5K can be easily achieved (if the crypto market cap remains constant). And there is a strong chance of that happening, once the uncertainties surrounding the fork are removed.

Slow death

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Quote from: mindrust on June 27, 2017, 04:52:47 AM

With the current situation of miners, It looks very unlikely with these conditions.

If Jihan takes control of bitcoin, it will be all over. Not only for bitcoin, but all cryptos. It won't happen instantly. Bitcoin may even hit 5k$ after that shitstorm. Hell even a shitcoin like eth made x40 jump in a couple months. 5k$ can easily be achieved. Reaching to 5k$ has no meaning if we can't hold bitcoin there for a long time. With the slightest loss of trust, bitcoin will fall below 1k$.

A similar situation has already taken place with eth. 9$>400$ happened. People lost their trust in eth and it was insta bloodbath to 200$

If we can't keep bitcoin as a decentralized asset, that's exactly what we are going to experience.

There are months that I have not read the news about bitcoin because my internet is very slow, I am completely lost....

Is it possible for this jihan to take control over bitcoin?

OP, we are not even $3000 and you are already asking this question?

answering your question

No, the maximum I think I can reach this year will be $4500

mindrust

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With the current situation of miners, It looks very unlikely with these conditions.

If Jihan takes control of bitcoin, it will be all over. Not only for bitcoin, but all cryptos. It won't happen instantly. Bitcoin may even hit 5k$ after that shitstorm. Hell even a shitcoin like eth made x40 jump in a couple months. 5k$ can easily be achieved. Reaching to 5k$ has no meaning if we can't hold bitcoin there for a long time. With the slightest loss of trust, bitcoin will fall below 1k$.

A similar situation has already taken place with eth. 9$>400$ happened. People lost their trust in eth and it was insta bloodbath to 200$

If we can't keep bitcoin as a decentralized asset, that's exactly what we are going to experience.

SanMerryDro

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not sure if next week or next month, but I believe the price must be $5000 next year.

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Quote from: ItchyIrish on June 10, 2017, 11:56:29 AM

Is it possible to reach 5,000 $ /btc this week or next week ?

I thought that we could easily reach $5,000 but that seems to be little bit hard after the sudden fall in bitcoin price from $2800.But still we could expect bitcoin price to reach $5,000 after august 1st when segwit 2x is to be activated.We could expect $5,000 within this 2017 end.

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Quote from: South Park on June 17, 2017, 05:14:19 PM

Quote from: ozaeri on June 16, 2017, 06:13:42 PM

Quote from: South Park on June 16, 2017, 06:10:56 PM

Quote from: ItchyIrish on June 10, 2017, 11:56:29 AM

Is it possible to reach 5,000 $ /btc this week or next week ?

The week is about to end and we are not even close to that, we are at half the price of 5000 dollar, this should show us that we need to be positive but we must not get carried away and think bitcoin is some kind of magical money that grows out of trees, bitcoin in the long run will go up but it will not go up that fast anymore.

People get too excited sometimes Grin

I think it will happen around september after the dust over UASF has been settled whether UASF wins or not.

Personally I think the result will matter, people are very negative about bitcoin at the moment because we seem unable to get a solution to the high fees and slow confirmation time, if we finally get segwit approved then the price will go up no doubt about that but if we don’t we run the risk of the negativity augmenting and that will impact the price.

This should show us that we need to be positive, but we must not get carried away and think bitcoin is a kind of magic money growing from a tree, bitcoin in the long run will go up but it will not go up that fast again. because if the price of bitcoin $5000/btc very extraordinary so could affect economic development in countries around the world

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Quote from: ozaeri on June 16, 2017, 06:13:42 PM

Quote from: South Park on June 16, 2017, 06:10:56 PM

Quote from: ItchyIrish on June 10, 2017, 11:56:29 AM

Is it possible to reach 5,000 $ /btc this week or next week ?

The week is about to end and we are not even close to that, we are at half the price of 5000 dollar, this should show us that we need to be positive but we must not get carried away and think bitcoin is some kind of magical money that grows out of trees, bitcoin in the long run will go up but it will not go up that fast anymore.

People get too excited sometimes Grin

I think it will happen around september after the dust over UASF has been settled whether UASF wins or not.

Personally I think the result will matter, people are very negative about bitcoin at the moment because we seem unable to get a solution to the high fees and slow confirmation time, if we finally get segwit approved then the price will go up no doubt about that but if we don’t we run the risk of the negativity augmenting and that will impact the price.

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Soon we'll be progressing towards $5000, but only factor that keeps the user base under expectation is the price move on the unexpected time period. $5000 is something achievable and realistic without any dreaming or comparing

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Quote from: ItchyIrish on June 10, 2017, 11:56:29 AM

Is it possible to reach 5,000 $ /btc this week or next week ?

No. Extremely unlikely that this would happen. Even in one year.

With benefit of the hindsight the crash was going to happen as soon as you wrote this post.

Asking for a double in price within a week is just impossible for anything, not just bitcoins. You never see stocks double in price in one week, you rarely see altcoins double in price in one week as well. If you just want your money doubled - it's quite simple. Hold your bitcoin for the long term and you'll reap major profits, way more than just $5000 per bitcoin.

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Quote from: ItchyIrish on June 10, 2017, 11:56:29 AM

Is it possible to reach 5,000 $ /btc this week or next week ?

Nah, I don't think so.
It will take months to reach $5,000 or maybe before this 2017 ends. Today, btc just only reach $2800, we're all hoping it would reach $3,000 before the end of the week. Many of us are waiting for this to happen, we all have plans to our coins if this thing happens.

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Quote from: ItchyIrish on June 10, 2017, 11:56:29 AM

Is it possible to reach 5,000 $ /btc this week or next week ?

That's a more a dream rather a reality. The price of bitcoin hasn't been changed that too much within a short period of time, at the moment of writing the price of bitcoin should be doubled (maybe a bit more) to reach the target of $5k which I think is impossible, it may be needed few months for this but still it is too hard, I just can imagine how much would the other coins worth after the rise of bitcoin.

ozaeri

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Quote from: South Park on June 16, 2017, 06:10:56 PM

Quote from: ItchyIrish on June 10, 2017, 11:56:29 AM

Is it possible to reach 5,000 $ /btc this week or next week ?

The week is about to end and we are not even close to that, we are at half the price of 5000 dollar, this should show us that we need to be positive but we must not get carried away and think bitcoin is some kind of magical money that grows out of trees, bitcoin in the long run will go up but it will not go up that fast anymore.

People get too excited sometimes Grin

I think it will happen around september after the dust over UASF has been settled whether UASF wins or not.

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