Bear market ended. Now going to $500 - page 2.

Zitudent

jr. member

Activity: 63

Merit: 1

Quote from: Sanguintan on August 06, 2016, 07:21:57 AM

Quote from: Kenarix on August 05, 2016, 05:55:00 AM

I think the bear market ended and the price will rise. But it seems that price will stay low due to the hack.

The bitcoin price will trade between $550 to 590 in the next few weeks. It might rise after the release of SegWit.

After the release of the SegWit and block size increase to 2MB, the users will have good experience, so the price will rise.

Sanguintan

full member

Activity: 191

Merit: 100

Quote from: Kenarix on August 05, 2016, 05:55:00 AM

I think the bear market ended and the price will rise. But it seems that price will stay low due to the hack.

The bitcoin price will trade between $550 to 590 in the next few weeks. It might rise after the release of SegWit.

Kenarix

newbie

Activity: 36

Merit: 0

I think the bear market ended and the price will rise. But it seems that price will stay low due to the hack.

MingLee

hero member

Activity: 490

Merit: 520

Quote from: richardsNY on July 25, 2016, 09:49:58 AM

Quote from: Zitudent on July 25, 2016, 06:24:51 AM

Quote from: Sanguintan on July 16, 2016, 02:21:20 AM

Quote from: Kenarix on July 07, 2016, 03:43:38 AM

I use the bitcoin as a currency. I earn the bitcoin by mining. Then I use the bitcoin to buy the online goods.

That is a very good cycle for the bitcoin. It helps the circullatioin of the bitcoin and the final adoption.

When many of us use the bitcoin, more people will know about the bitcoin then the price will rise again.

If they start buying themselves some coins, then yes, it will help the price go up. But if they are just here for the rewards and give-aways like a lot people are nowadays, then what effect will it have on the price? I say next to nothing.

I think it has a minor effect on the value, since it starts to remove some Bitcoin from the overall equation and makes it more scarce to an extent, but I do understand what you mean and chances are it really doesn't mean anything to have people just show up for the free things. Maybe if they start to get more involved they'll begin to buy, but there are never any guarantees of that.

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: Zitudent on July 25, 2016, 06:24:51 AM

Quote from: Sanguintan on July 16, 2016, 02:21:20 AM

Quote from: Kenarix on July 07, 2016, 03:43:38 AM

I use the bitcoin as a currency. I earn the bitcoin by mining. Then I use the bitcoin to buy the online goods.

That is a very good cycle for the bitcoin. It helps the circullatioin of the bitcoin and the final adoption.

When many of us use the bitcoin, more people will know about the bitcoin then the price will rise again.

If they start buying themselves some coins, then yes, it will help the price go up. But if they are just here for the rewards and give-aways like a lot people are nowadays, then what effect will it have on the price? I say next to nothing.

Shiroslullaby

sr. member

Activity: 434

Merit: 250

Quote from: ASHLIUSZ on July 25, 2016, 09:06:26 AM

What matters is whether people are using bitcoin, and more than ever, they are. Also compared to the same time a year ago, the average number of daily transactions has more than doubled. A lot of this usage makes the price of bitcoin to rise.

I agree.
The thing that is going to drive the price now is usage.
We need more sites like Overstock.com to start accepting BTC.
If popular sites start accepting it as a form of payment, the price could jump much higher.

Mining difficulty, the rewarding halving, etc will only drive the price so much.
Keeping an eye on daily transactions is a good measure I had not thought about before.

ASHLIUSZ

hero member

Activity: 994

Merit: 502

Quote from: Zitudent on July 25, 2016, 06:24:51 AM

Quote from: Sanguintan on July 16, 2016, 02:21:20 AM

Quote from: Kenarix on July 07, 2016, 03:43:38 AM

I use the bitcoin as a currency. I earn the bitcoin by mining. Then I use the bitcoin to buy the online goods.

That is a very good cycle for the bitcoin. It helps the circullatioin of the bitcoin and the final adoption.

When many of us use the bitcoin, more people will know about the bitcoin then the price will rise again.

What matters is whether people are using bitcoin, and more than ever, they are. Also compared to the same time a year ago, the average number of daily transactions has more than doubled. A lot of this usage makes the price of bitcoin to rise.

Zitudent

jr. member

Activity: 63

Merit: 1

Quote from: Sanguintan on July 16, 2016, 02:21:20 AM

Quote from: Kenarix on July 07, 2016, 03:43:38 AM

I use the bitcoin as a currency. I earn the bitcoin by mining. Then I use the bitcoin to buy the online goods.

That is a very good cycle for the bitcoin. It helps the circullatioin of the bitcoin and the final adoption.

When many of us use the bitcoin, more people will know about the bitcoin then the price will rise again.

Sanguintan

full member

Activity: 191

Merit: 100

Quote from: Kenarix on July 07, 2016, 03:43:38 AM

I use the bitcoin as a currency. I earn the bitcoin by mining. Then I use the bitcoin to buy the online goods.

That is a very good cycle for the bitcoin. It helps the circullatioin of the bitcoin and the final adoption.

Kenarix

newbie

Activity: 36

Merit: 0

Quote from: apriyoni on June 27, 2016, 10:10:28 AM

Quote from: 1Referee on June 25, 2016, 03:07:22 PM

Quote from: helloeverybody on June 25, 2016, 02:16:33 PM

Quote from: quake313 on June 25, 2016, 01:57:06 PM

Quote

I just want the bitcoin price to rise 5% a week in the next few years. The price in recent period is too volatile.

Some people do not seem to understand, stability is not the friend of BTC. Wild swings in price are healthy and necessary for the long term success of BTC, not slow rises.

This isnt true, theres no one out there that wouldnt invest in bitcoin if you were guaranteed a 5% return every week. thats enormous, The wild swings are what keep people from bitcoin because its not a safe bet. More stability would bring more people into bitcoin. Investors like predictability

It's different for every group of users. One group prefers the price to show heavy price swings as it allows them to make profit in quite a short time. And the other group prefers the price to remain relatively stable as they are purely interested in the currency aspect of Bitcoin and perhaps even use it as store of wealth. You can't please everyone.

That is right. I am long term investor, so I want the price to be stable and many people will use it as a currency.

I use the bitcoin as a currency. I earn the bitcoin by mining. Then I use the bitcoin to buy the online goods.

apriyoni

sr. member

Activity: 308

Merit: 250

Quote from: 1Referee on June 25, 2016, 03:07:22 PM

Quote from: helloeverybody on June 25, 2016, 02:16:33 PM

Quote from: quake313 on June 25, 2016, 01:57:06 PM

Quote

I just want the bitcoin price to rise 5% a week in the next few years. The price in recent period is too volatile.

Some people do not seem to understand, stability is not the friend of BTC. Wild swings in price are healthy and necessary for the long term success of BTC, not slow rises.

This isnt true, theres no one out there that wouldnt invest in bitcoin if you were guaranteed a 5% return every week. thats enormous, The wild swings are what keep people from bitcoin because its not a safe bet. More stability would bring more people into bitcoin. Investors like predictability

It's different for every group of users. One group prefers the price to show heavy price swings as it allows them to make profit in quite a short time. And the other group prefers the price to remain relatively stable as they are purely interested in the currency aspect of Bitcoin and perhaps even use it as store of wealth. You can't please everyone.

That is right. I am long term investor, so I want the price to be stable and many people will use it as a currency.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: helloeverybody on June 25, 2016, 02:16:33 PM

Quote from: quake313 on June 25, 2016, 01:57:06 PM

Quote

I just want the bitcoin price to rise 5% a week in the next few years. The price in recent period is too volatile.

Some people do not seem to understand, stability is not the friend of BTC. Wild swings in price are healthy and necessary for the long term success of BTC, not slow rises.

This isnt true, theres no one out there that wouldnt invest in bitcoin if you were guaranteed a 5% return every week. thats enormous, The wild swings are what keep people from bitcoin because its not a safe bet. More stability would bring more people into bitcoin. Investors like predictability

It's different for every group of users. One group prefers the price to show heavy price swings as it allows them to make profit in quite a short time. And the other group prefers the price to remain relatively stable as they are purely interested in the currency aspect of Bitcoin and perhaps even use it as store of wealth. You can't please everyone.

quake313

sr. member

Activity: 268

Merit: 250

Quote from: helloeverybody on June 25, 2016, 02:16:33 PM

Quote from: quake313 on June 25, 2016, 01:57:06 PM

Quote

I just want the bitcoin price to rise 5% a week in the next few years. The price in recent period is too volatile.

Some people do not seem to understand, stability is not the friend of BTC. Wild swings in price are healthy and necessary for the long term success of BTC, not slow rises.

This isnt true, theres no one out there that wouldnt invest in bitcoin if you were guaranteed a 5% return every week. thats enormous, The wild swings are what keep people from bitcoin because its not a safe bet. More stability would bring more people into bitcoin. Investors like predictability

In a perfect computer simulation maybe. Do you know of anything that has or does increase in value 5% a week, every week? In real life that does not happen. Wild swings are what attracts people to something new like BTC. It is the lure of making big money quickly. When established in the years ahead, I expect to see monthly steady growth. Right now, ups and downs are what is healthy. It keeps people's hopes alive that they can become rich. The true safe bet right now is that these swings in price are making people big money.

helloeverybody

legendary

Activity: 1008

Merit: 1000

★YoBit.Net★ 350+ Coins Exchange & Dice

Quote from: quake313 on June 25, 2016, 01:57:06 PM

Quote

I just want the bitcoin price to rise 5% a week in the next few years. The price in recent period is too volatile.

Some people do not seem to understand, stability is not the friend of BTC. Wild swings in price are healthy and necessary for the long term success of BTC, not slow rises.

This isnt true, theres no one out there that wouldnt invest in bitcoin if you were guaranteed a 5% return every week. thats enormous, The wild swings are what keep people from bitcoin because its not a safe bet. More stability would bring more people into bitcoin. Investors like predictability

quake313

sr. member

Activity: 268

Merit: 250

Quote

I just want the bitcoin price to rise 5% a week in the next few years. The price in recent period is too volatile.

Some people do not seem to understand, stability is not the friend of BTC. Wild swings in price are healthy and necessary for the long term success of BTC, not slow rises.

Zitudent

jr. member

Activity: 63

Merit: 1

Quote from: lumeire on June 24, 2016, 09:41:07 AM

If it's gonna hold this for about a week or two, then probably there's another rise that's coming after that. We've seen a significant increase these past few months and IMO it's gonna be the trend at least for a while after the halving.

I just want the bitcoin price to rise 5% a week in the next few years. The price in recent period is too volatile.

lumeire

legendary

Activity: 1848

Merit: 1009

Next-Gen Trade Racing Metaverse

If it's gonna hold this for about a week or two, then probably there's another rise that's coming after that. We've seen a significant increase these past few months and IMO it's gonna be the trend at least for a while after the halving.

Vinalians

sr. member

Activity: 819

Merit: 251

Quote from: RoseMann on June 21, 2016, 11:35:58 AM

Quote from: apriyoni on June 21, 2016, 06:45:28 AM

Quote from: ?? on ??

Well I think that will be nice. Seeing 1000$ bitcoin again seems like a new chance and hope for new bitcoiners like me. Even if we didn't join the last rally, we were given a chance to join this coming rally, I wish the best for bitcoin.

I would like to see the $1000 price. That could happen in the next 12 months. I think the investors are wiser now.

The investors will not blindly buy the bitcoin as they did in later 2013. That was a very big bubble and caused a long bear market.

There is no big bubble recently. The price rose 60% in the last 30 days, but it dropped 20% in two days. It is correcting.

RoseMann

sr. member

Activity: 270

Merit: 250

Quote from: apriyoni on June 21, 2016, 06:45:28 AM

Quote from: ?? on ??

Well I think that will be nice. Seeing 1000$ bitcoin again seems like a new chance and hope for new bitcoiners like me. Even if we didn't join the last rally, we were given a chance to join this coming rally, I wish the best for bitcoin.

I would like to see the $1000 price. That could happen in the next 12 months. I think the investors are wiser now.

The investors will not blindly buy the bitcoin as they did in later 2013. That was a very big bubble and caused a long bear market.

apriyoni

sr. member

Activity: 308

Merit: 250

Quote from: ?? on ??

Well I think that will be nice. Seeing 1000$ bitcoin again seems like a new chance and hope for new bitcoiners like me. Even if we didn't join the last rally, we were given a chance to join this coming rally, I wish the best for bitcoin.

I would like to see the $1000 price. That could happen in the next 12 months. I think the investors are wiser now.

Topic: Bear market ended. Now going to $500 - page 2. (Read 10747 times)