Because bitcoin is controlled by its users then the possibility of bitcoin price will rise continuously is very possible, let alone the bitcoin holders with a large number of them greatly affect the movement of bitcoin prices in various crypto markets that exist. The logic looks like this:
There are large holders of bitcoin wanting higher prices and insufficient supply of bitcoin while the demand for bitcoin is very much so with it the bitcoin holders will charge the bitcoin price he has at very high prices and inevitably the demand must follow the price already installed by bitcoin holders.
Topic: Bitcoin can go to new highs or it has already peaked? - page 2. (Read 452 times)
Analists? I'm not sure these are the people you should be listening to when it comes to crypto news.
That being said, Bitcoin only has around 5 million users, whereas other payment systems like Paypal have over 500 million. Therefore, even if it only manages to increase 10 fold and reach 50 million users (still only 1/10th of Paypal), then we can expect to see a roughly 10 fold price increase.
So to answer your question, no, Bitcoin probably hasn't peaked yet.
That being said, Bitcoin only has around 5 million users, whereas other payment systems like Paypal have over 500 million. Therefore, even if it only manages to increase 10 fold and reach 50 million users (still only 1/10th of Paypal), then we can expect to see a roughly 10 fold price increase.
So to answer your question, no, Bitcoin probably hasn't peaked yet.
It could be that Bitcoin will continue to rise by tracking market developments, because of the total Bitcoin that exists worldwide with the growing number of buyers and holders of Bitcoin.
I heard that bitcoin is a bubble that has begun to burst, but this is not the first time that annalists says that.
Imo the awareness about digital assets can always increase, and investors will come across.
Wouldn't this be a reason for such affirmative from annalists be wrong? What are other reasons that make you believe that bitcoin will rise again?
Imo the awareness about digital assets can always increase, and investors will come across.
Wouldn't this be a reason for such affirmative from annalists be wrong? What are other reasons that make you believe that bitcoin will rise again?
bitcoin wouldn't last this long and much more recover if it were a bubble in the first place. The recent market dip do not show that its the effect of bitcoins bubble bursting but just a correction due to its attained value which is a common effect in its market. A lot of people believe that bitcoin will still be able to reach more than its highest peak that is why it is gradually increasing in value again.
I heard that bitcoin is a bubble that has begun to burst, but this is not the first time that annalists says that.
Imo the awareness about digital assets can always increase, and investors will come across.
Wouldn't this be a reason for such affirmative from annalists be wrong? What are other reasons that make you believe that bitcoin will rise again?
Imo the awareness about digital assets can always increase, and investors will come across.
Wouldn't this be a reason for such affirmative from annalists be wrong? What are other reasons that make you believe that bitcoin will rise again?
Take the arguments by their face value. The bubble argument has been used over and over again for so many years and until now it has not proven anything yet. It still remains a garbage, or a futile trick of some to dissuade others from joining and investing into Bitcoin. Way back when Bitcoin was still worth a few dollars, the bubble argument is already present. So trash that argument the instant it is used.
On the other hand, you have seen Bitcoin breaking new price records over the years.
Surely the price of bitcoin has not peaked yet because still bitcoin is only used by very very small amount of people when compared to the whole world population of 7 billion so the price will increase when more people starts to ise bitcoins and other cryotocurrency.But now the price of bitcoin is bumping and dumping so many people think that it will be like that forever but soon the price will go to moon so be ready for this and invest as soon as possible.
In my observation, bitcoin has not yet peaked and the current situation is only a correction and most likely this is now starting to recover again slowly that it will go for a bull market in the coming months to come. The good thing is that bitcoin has not dropped below the $7k mark. I believe many people are now much eager to invest more on btc because they had sense that anytime from now btc will make another spike that will surely surprised everyone.
I think bitcoin is not a bubble, bitcoin is a currency that has a high value by using a blockchain system.
the aspect that makes bitcoin value will be high again is still a lot of whales, and other big investors, spreading and bitcoin volume is still high, and also blockchain technology is designed for high every year.
the aspect that makes bitcoin value will be high again is still a lot of whales, and other big investors, spreading and bitcoin volume is still high, and also blockchain technology is designed for high every year.
Surely the price of bitcoin has not peaked yet because still bitcoin is only used by very very small amount of people when compared to the whole world population of 7 billion so the price will increase when more people starts to ise bitcoins and other cryotocurrency.But now the price of bitcoin is bumping and dumping so many people think that it will be like that forever but soon the price will go to moon so be ready for this and invest as soon as possible.
Bitcoin has bounce off the support level and has held on for straight 5 days without dipping to $6900 level and this is a good sign that we are heading up. I believe that the upward trend has just began.Let us watch and see.
We can use rather simple tool for BTC price analyses. This tool is total market capitalization. BTC has rather big part of total criptocurrency capitalization (overall 30-60%). So if market is on pump trend it means that BTC will grow up too. At present I see that there are a lot if investors interested in cripto so the next BTC peak should more than previous one
Don't listen to them that says bitcoin is a bubble they just spreading FUD, bitcoin will rise again but we don't know when bitcoin is unpredictable but I'm sure it will increase back again at the highest peak at $20,000 or it may surpass.
I heard that bitcoin is a bubble that has begun to burst, but this is not the first time that annalists says that.
Imo the awareness about digital assets can always increase, and investors will come across.
Wouldn't this be a reason for such affirmative from annalists be wrong? What are other reasons that make you believe that bitcoin will rise again?
Imo the awareness about digital assets can always increase, and investors will come across.
Wouldn't this be a reason for such affirmative from annalists be wrong? What are other reasons that make you believe that bitcoin will rise again?
BTC is an asset and millions of people are investing into BTC as a savings for their future generations and now tell me how much sustainable the thing is, if people are so much dependent that they are saving it for their budding generation. Though some countries has banned cryptocurrency because they don't find it trust worthy but BTC has that much potential that it will replace the paper currency in future.
I joined and bought the first bitcoin in 2015, with a price that is still about 7-8 million for 1 bitcoin, and every year always increases even though it happens bubbles, and indeed I think the price of crypto much increased and that's the goal in want by investors to invest in crypto.
I want to believe a lot of people confuse what bubble is all about. I am not blaming anyone since the price last year over peaked more than normal and here we are experiencing some huge corrections already.A bubble is something with no intrinsic value and I cannot say bitcoin has no value because it actually does but what happened last year got so hyped but even at that the market is still holding strong. With the level of FUD, a bubble would have popped worse than this.
No, h I do not think that bitcoin has already reached its maximum price peak. While it is a long time in its correction, however it seems still able to develop technological and grow in value. The Crypto currency has just started to develop, this process will last for more than a decade. While other options and ways of arising current difficulties are being sought, the crypto currency is constantly being improved. In all likelihood, bitcoin and other crypto currency will gradually grow into something more perfect, because it still has many shortcomings and internal contradictions.
This is a good information for always taking in consideration. Even though the supply is limited ( 21 million coins), it has not reached it fullness yet, and there is the possibility of a larger supply in the future. I believe that they post so many fake news out there, that make people skeptical. Of course there is the risk involved, but not to the point to make people just disbelief in its future.
If you meant by the circulating supply it should increase but we really can't tell what's the precise amount in circulation because there's a lot of bitcoins lost, untouched, burned, etc.I'm sure Bitcoin is still going to hit and beat its ATH again, but this move is still going to take a while to happen
Not only that, no one knows when it will hit another ATH. Bitcoin, when he grew up in December last year
Bitcoin is not a person or animal keep that in mind. It seems to me that this is entirely possible.
If the bull market comes, then bitcoin will reach new heights.
Anything is possible at this point, the only question is when will it happen? If the bull market comes, then bitcoin will reach new heights.
I heard that bitcoin is a bubble that has begun to burst, but this is not the first time that annalists says that.
Imo the awareness about digital assets can always increase, and investors will come across.
Wouldn't this be a reason for such affirmative from annalists be wrong? What are other reasons that make you believe that bitcoin will rise again?
Imo the awareness about digital assets can always increase, and investors will come across.
Wouldn't this be a reason for such affirmative from annalists be wrong? What are other reasons that make you believe that bitcoin will rise again?
Not all digital assets can increase there are even some digital assets that dies even after ICO without having to touch exchanges. But bitcoins situation is different, being the first cryptocurrency there is, it has enticed thousands of people who believe that this coin has a huge future. Aside from that bitcoin has only a total 21 million coins of which only 17 million are only in circulation. With more people going into bitcoin and with its limited number bitcoin will be a bigtime cryptocurrency in two years time and may reach 100k $ by 2021.
This is a good information for always taking in consideration. Even though the supply is limited ( 21 million coins), it has not reached it fullness yet, and there is the possibility of a larger supply in the future. I believe that they post so many fake news out there, that make people skeptical. Of course there is the risk involved, but not to the point to make people just disbelief in its future.
bitcoin is speculative instrument, by this reason their price beat new highs and then go back again.
This continues while we dont use it in everyday payments
This continues while we dont use it in everyday payments
It is a old saying that bitcoin is a bubble,the bubble has been there seen 2009 it has not been burst, the price has gradually increase and early investors are now multi billions.
you seem to be more interested in FUD instead of reality which is why you are failing to understand on your own whether bitcoin will rise back up again or not. i suggest you stop listening to FUD and start opening your mind and try getting more familiar with what bitcoin is and what it is offering and why the demand for it is constantly increasing.
do that and you will get the answer to your question once and for all.
do that and you will get the answer to your question once and for all.
I strongly believe that someday bitcoin prices will peak with high prices again, I have studied the history of prices from year to year, and each year must have a price increase rate .
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