Even in the event that the market goes down, Bitcoin remains a safer option than other cryptocurrencies. For the record, this means I am NOT selling Bitcoin at $17k anymore. In the event of a continued cryptocurrency bull run, Bitcoin is well positioned against other cryptocurrencies and could easily see $20k+ soon. What are your thoughts?
Well you're right to some extent. Bitcoin is well positioned considering the market cap it has acquired and the value it has attained during the past year. But if the market goes down, there is a high probability that the price of bitcoin goes down as well. But since more and more people are investing in bitcoin, this seems highly unlikely. During the previous year it did hit the $20,000 mark. This year it is expected to go beyond that mark, considering it does not run into issues like the end of last year which pushed it down to as low as $12,000. 
Topic: Bitcoin expectation $25000+ - page 3. (Read 319 times)
well this is still posible but I don't see it this year tho. I think that 20k$ was the all high for now and the price will just gonna bounce between prices.
Even in the event that the market goes down, Bitcoin remains a safer option than other cryptocurrencies. For the record, this means I am NOT selling Bitcoin at $17k anymore. In the event of a continued cryptocurrency bull run, Bitcoin is well positioned against other cryptocurrencies and could easily see $20k+ soon. What are your thoughts?
The problem is only time and I am sure the price above $ 25,000 is absolutely possible and this will happen in 2018. Right now if you are a long term investor, Bitcoin is always a good choice and will definitely help you make a lot of profits. 
I somewhat agree with you but not completely. Bitcoin will go even beyond 25k USD but not anytime soon. We need to take care of the scaling issue now. A lot of transactions are pending and the network fees has gone up to an insane level. That is the reason why a lot of investors are moving their funds to other technologically superior coins like ETH, Ripple or Zcash pushing their price to all time high.
The lightenting network is expected to be implemented by the first quarter of 2018 to tackle the scaling issue. Once it is done, bitcoin is expected to go higher. But at the currency situation, I will be happy if bitcoin touches 19k USD.
The lightenting network is expected to be implemented by the first quarter of 2018 to tackle the scaling issue. Once it is done, bitcoin is expected to go higher. But at the currency situation, I will be happy if bitcoin touches 19k USD.
Most people seem to agree with you, but we should first get the scaling issues out of the way. The developers working on the Lightning Network, should fast track the tweeks on the system and give us the scaling we need to take this to the Moon.
A lot of merchants built with micro payment needs, cannot wait for this to be implemented. ^smile^
A lot of merchants built with micro payment needs, cannot wait for this to be implemented. ^smile^
There are still a large number of developers that don't agree with the Lightning Network. We definitely don't have enough on board to get a majority consensus. But because LN is targeted to work off-chain, it will all come down to which merchants and bitcoin users will adapt to it. Payment channels, to me, pose a slight risk to Bitcoin, as we now have to put our trust in companies that are working offchain. They're essentially going to have to bankroll all of the transactions that happen through LN, and we have to trust that those transactions will ultimately verify with the Blockchain. And what types of companies are able to bankroll these channels? Mainly banks. LN introduces a centralized aspect to Bitcoin, and it's going to take a lot of trust by users to adopt it. I think that's always been the issue with LN, and what could potentially hold it from becoming a mainstream solution to the scaling issues.
I will say, however, that I still believe that Bitcoin has room to grow, and as the gold standard of crypto, will always hold the top position in the crypto market. At least for the duration of the rest of my lifetime. $25,000? I truly feel that we'll be there well before summer of this year.
Most people seem to agree with you, but we should first get the scaling issues out of the way. The developers working on the Lightning Network, should fast track the tweeks on the system and give us the scaling we need to take this to the Moon.
A lot of merchants built with micro payment needs, cannot wait for this to be implemented. ^smile^
A lot of merchants built with micro payment needs, cannot wait for this to be implemented. ^smile^
Even in the event that the market goes down, Bitcoin remains a safer option than other cryptocurrencies. For the record, this means I am NOT selling Bitcoin at $17k anymore. In the event of a continued cryptocurrency bull run, Bitcoin is well positioned against other cryptocurrencies and could easily see $20k+ soon. What are your thoughts?
Jump to: