Bitcoin can reach 3000 USD in a year ? - page 7.

Weatherby

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Quote from: freebutcaged on April 30, 2017, 10:37:05 AM

Bitcoin price literally doubled in one year but since $1200 price range is a little high for most of the people they rather find alternatives to direct buying Bitcoins which would be mining and as long as people can mine for themselves with a cost of even %80 of the current market price they will definitely do it, so unless difficulty increases that much as to make it more profitable to simply buy the coins and not mining them I don't see $3000 or even near $2000 in this year.
Even if ETF approves then people will go and mine instead of buying into the hype.

Home based casual mining is long gone,it is not at all profitable to mine bitcoin with the difficultly level we have,the positive side is that since the alt coin market is rising along with bitcoin people will be investing their time in mining alts and then convert those coins into bitcoin and that is the possible situation now,the speculation of bitcoin will continue and new grounds will be broken with time.

forlorn_hope

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I can't see why not. It's seen almost 220% increase over the past year. That's pretty astonishing.

Kyraishi

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Every time I have seen the price of bitcoin going up even more, there always were many threads about the same topic: if bitcoin is going to reach xxx USD in next xxx years.
The only thing that was changing, was the numbers. It is exactly the same in this case, now it is about BTC reaching 3000$ until 2018.

That question haven't been asked before just because the price of bitcoin has crossed the 1300$ level lately. People are looking even higher and higher levels, which is still good for bitcoin.

I do not really think that it it possible, but bitcoin has amazed us many times already: so it is not impossible to happen.

freebutcaged

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Bitcoin price literally doubled in one year but since $1200 price range is a little high for most of the people they rather find alternatives to direct buying Bitcoins which would be mining and as long as people can mine for themselves with a cost of even %80 of the current market price they will definitely do it, so unless difficulty increases that much as to make it more profitable to simply buy the coins and not mining them I don't see $3000 or even near $2000 in this year.
Even if ETF approves then people will go and mine instead of buying into the hype.

X-ray

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Quote from: btctube on April 30, 2017, 03:22:30 AM

$3000 is just not possible, the price will grow little by little so if the price grows about $20 each month, its still not going to be enough to reach that 3000. It will only be possible if ETF will be approved, they were saying its been reviewed again. Assuming it will be approved, all of us will celebrating.

It's impossible for bitcoin reach $3000 just in a short time, It will need a lot of time. But ETF approved just give hundreds millionds dollar for the bitcoin market cap. Don't expect if the price of bitcoin can be doubled for instantly caused by bitcoin etf. It's really wrong opinion in my mind. It can't be considered as a big waves in the future.

Kemarit

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Quote from: 1Referee on April 30, 2017, 05:20:35 AM

Quote from: btctube on April 30, 2017, 03:22:30 AM

$3000 is just not possible, the price will grow little by little so if the price grows about $20 each month, its still not going to be enough to reach that 3000. It will only be possible if ETF will be approved, they were saying its been reviewed again. Assuming it will be approved, all of us will celebrating.

This ETF review is getting taken far too serious by people. It's just the SEC looking through everything to make sure they haven't missed anything that may have lead to them potentially unfairly rejecting it not that long ago. It's funny that at the time the ETF was rejected people were saying that it didn't matter because there is no need for an ETF, and now there is even a 0.01% chance of approval, people miraculously see huge potential in this ETF. Roll Eyes

I still doubt that if ever the ETF approved it, we will see $3000 level soon. It will still take some time before we see the price jumping on this level. Again as I have said, the impact that really affect the price to really soar is the scalability issue. They need to solved this issue right away and step aside the politics behind it. Because if this is resolved, we can truly see the potential of bitcoin specially in the financial landscape of the general public and other countries who are going to embrace bitcoin technology.

1Referee

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Quote from: btctube on April 30, 2017, 03:22:30 AM

$3000 is just not possible, the price will grow little by little so if the price grows about $20 each month, its still not going to be enough to reach that 3000. It will only be possible if ETF will be approved, they were saying its been reviewed again. Assuming it will be approved, all of us will celebrating.

This ETF review is getting taken far too serious by people. It's just the SEC looking through everything to make sure they haven't missed anything that may have lead to them potentially unfairly rejecting it not that long ago. It's funny that at the time the ETF was rejected people were saying that it didn't matter because there is no need for an ETF, and now there is even a 0.01% chance of approval, people miraculously see huge potential in this ETF. Roll Eyes

btctube

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$3000 is just not possible, the price will grow little by little so if the price grows about $20 each month, its still not going to be enough to reach that 3000. It will only be possible if ETF will be approved, they were saying its been reviewed again. Assuming it will be approved, all of us will celebrating.

icecube45

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It's still too soon to talk about it. Bitcoin reaches $ 3,000 in a year I think it can not be achieved. Bitcoin is very volatile, so to achieve it requires a process. Bitcoin also will definitely fall several times and there are still some negative factors that overshadow bitcoin, so for the price to go up to $ 3,000 will definitely take time and process. It's better to talk about bitcoin prices going up to $ 2,000 and if it has been achieved it can talk about the price to $ 3,000 in a year. Do not be too hasty and better to enjoy the process

selline

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Quote from: Noctis Connor on April 26, 2017, 07:18:57 AM

thats so impossible dont you see that bitcoin right now is not increasing its price because bitcoin and the market needed to be balance in order to run it more towards many years but when bitcoin reach the highest peak thats the end of bitcoin because half of the big whales will gonna pull out and sell their bitcoin in order to be rich and right now bitcoin is not taxable because its not a fiat money it is crypto currency thats why i bow satoshi for developing this.

I guess now the technology is already growing and increasing so all could compare that bitcoin increased faster in price with its value, I myself also divert my self to bitcoin and I hope can become a successful and wealthy people because the price of bitcoin day after day, month after month, year after year will always increase.. especially if it will increase up to $3000 for this extraordinary.

PokerFace3

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Quote from: asdalani on April 26, 2017, 01:01:26 AM

Sure it could get rise a huge percent within a year without that much resistance.
If a billionaire or someone with a bunch of money purchases the orders on various Bitcoin Exchanges then the price would go up within days of it increasing.
There is only a little bit of people holding Bitcoin and they are the ones that might get super rich.

Yes, the people currently holding the bitcoin rather than trading can become richer by the end of the year. If a billion dollars trade gets started in the bitcoin prices may go high even than that of what people are expecting now to be in a year after. The trend of bitcoin is already get started it now just needs a little push and then look at the prices. It will change the life of many around.

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Quote from: KennyR on April 26, 2017, 12:30:43 AM

Quote from: Vantix on April 26, 2017, 12:24:30 AM

Bitcoin can reach 3000 USD in a year ?

If the ongoing price increase continues with respect to the increase of users around the globe, then surely within a years time we can reach $3000 per coin. Or else in the same way as Japan few countries need to regulate bitcoin as an acceptable currency.

Regarding "Japan".

Japan's banks have already started using XRP's blockchain, so it's kind of "regulated"

Nagadota

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Quote from: Slark on April 28, 2017, 12:48:42 PM

Quote from: york780 on April 28, 2017, 12:05:18 PM

Nah, I want 10k because its a nice round number for calculations.

What about other fiat currencies? Euro, Pound, Yuan, Yen, price of BTC is different in each of them.
Currency exchange calculations will never be unified and easy.

No, but all shares, assets and other holdings are usually denominated in USD, even though the others are still major currencies.

Obviously no one is going to buy in saying "if we can just get to $10,000, the calculations about how much profit I've made will be so much easier!", but it's nice to be hovering around $1000, drifting far away is great but it's annoying when I'm doing maths.

batang_bitcoin

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Quote from: OrangeII on April 28, 2017, 01:05:23 PM

I think it will be very difficult, but it is possible, especially now. Maybe bitcoin can add up to $ 600 to $ 600 within a year, but it would be great if it increased more than $ 1000. It looks hard, unless everyone accepts bitcoin, it might happen.

Yep it is very impossible but the way isn't that straight. There will be a lot of situations before bitcoin can reach this new ATH. But I want this to happen very soon so that I can sold some of my bitcoins while keeping other of it with my wallet. But after this year maybe we can see the price near to $2,000 and this price can possibly happen for the next years to come.

naidray

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Quote from: Vantix on April 26, 2017, 12:24:30 AM

Bitcoin can reach 3000 USD in a year ?

Yes no doubt. By the current growth and the adoption I feel no hesitation while saying it that it can reach up to $3000. As we can see many of the countries are looking forward to accept the Bitcoin and with this decision we can see a clear growth in the prices of the Bitcoin.

It has covered the distance from $1,100 to $1,300 and is still growing with the raise in its prices. I notice every next day the price increase and if it rises with the same velocity it will reach to $3000.

OrangeII

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I think it will be very difficult, but it is possible, especially now. Maybe bitcoin can add up to $ 600 to $ 600 within a year, but it would be great if it increased more than $ 1000. It looks hard, unless everyone accepts bitcoin, it might happen.

Slark

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Quote from: york780 on April 28, 2017, 12:05:18 PM

Nah, I want 10k because its a nice round number for calculations.

What about other fiat currencies? Euro, Pound, Yuan, Yen, price of BTC is different in each of them.
Currency exchange calculations will never be unified and easy.

Quote from: DarkIT on April 28, 2017, 11:23:37 AM

Well, it takes a very long time. $ 3000 is not a small price, especially bitcoin prices have just reached the price of $ 1000 more and stable this year. It may take several years until bitcoin prices reach that price.

In 2013 Bitcoin rose from $15 (price in January 2013) to $979 (price in November) we might have another surprisingly high spike in the future as well.

whiteblue

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bitcoin increase to 3000$ i think can't ..
my predict bitcoin can hitted to 1500-2000$ in a year ,, if 3000$ must a biggest news from bitcoin ,, exp : bitcoin accepted in more country ,, etc ,,

Baofeng

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Quote from: Denker on April 26, 2017, 03:21:38 AM

Quote from: Vantix on April 26, 2017, 12:24:30 AM

Bitcoin can reach 3000 USD in a year ?

If we could solve this scaling debate issue I would say yes! This is the only reason why we are not really progressing at the moment. Since 2 years we are carrying that rock with us. An activation of SegWit alone could push us up to $2000 just alone in no time and would give us also tremendous potential for future implementations which are already in the pipeline!This means even more boost for future price increases!
But how likely is a solution in the next few months? I have no idea but I hope we will make it this year. Hope never dies!

It could probably push bitcoin price to reach more than $2000 if SegWit is activate on bitcoin network. Sadly, with all the politics going around the scaling issue it won't be implemented for now. Bitcoin is really having its best year so far with other country putting regulation and legalizing it. But one thing that will truly rocket the price of bitcoin to the moon is the scaling problem. Like you, I'm still hoping that it can be done this year.

york780

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Quote from: richardsNY on April 28, 2017, 11:58:56 AM

Quote from: Febo on April 28, 2017, 09:40:30 AM

Quote from: fiorilia on April 26, 2017, 01:54:55 AM

Quote from: Vantix on April 26, 2017, 12:24:30 AM

Bitcoin can reach 3000 USD in a year ?

i am not sure , 3000USD is bery amazing price for 1BTC . i think can but not this year

You are so wrong it not just can this year it even can next Month. With some luck even next week. That is Bitcoin. But current Bitcoin fuels are altcoins and Crypto economy emerging there.

You're speaking theoretically, while the poster you seem to find so wrong has just expressed his realistic view. Don't try to make someone look bad when you are making yourself look even worse with statements like that. In order for the price to reach $3000, don't you think it makes sense to focus on the $2000 level first? Wink

Nah, I want 10k because its a nice round number for calculations.

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