Topic: Bitcoin hits $1,600 and one investor says it could rally to $4,000 in few months (Read 4309 times)

Quote from: Netnox on May 21, 2017, 09:54:03 AM

Bitcoin is "fully valued" and could see a pullback in the short term after hitting $1,600 for the first time on Monday, according to one investor, but the price could go as high as $4,000 over the next 14 months.

Never trust anyone who tells you that he know what true value of bitcoin is.

They are pulling out random numbers out of the hat most of the time and base their assumption on technical indicators,
which, in case of crypto technical trading indicators are not the best way to assess the value of a coin.

Second part of the statement ($4000 price prediction) will come true as long as we will upgrade protocol, according to the devs it will happen this summer.

Well if price continue to rise like this (i sure hope so) we could see 4k lot sooner then summer time. We have 100$ per day increase this is lot from some perspective, just not be drop price bigger the price rise and that we end with less then 1000$ per bitcoin.

wxa7115

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During the past one month period, the exchange rates have doubled from $1,050 to $2,050. So I will not be very surprised if it touches the $4,000 per coin mark by the end of this year. The ETF listing can be the trigger (I am still hopeful about it).

I don’t know why everyone still has their hopes high with ETF, it is going to be a no again it is better to forget about it, the only reason to have that date in our calendars is to wait if the bad news affect the price negatively and we can use this to buy even more bitcoin at discounted prices.

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Quote from: moviebuff777 on May 20, 2017, 02:30:06 PM

Bitcoin is "fully valued" and could see a pullback in the short term after hitting $1,600 for the first time on Monday, according to one investor, but the price could go as high as $4,000 over the next 14 months.

Never trust anyone who tells you that he know what true value of bitcoin is.

They are pulling out random numbers out of the hat most of the time and base their assumption on technical indicators,
which, in case of crypto technical trading indicators are not the best way to assess the value of a coin.

Second part of the statement ($4000 price prediction) will come true as long as we will upgrade protocol, according to the devs it will happen this summer.

Netnox

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During the past one month period, the exchange rates have doubled from $1,050 to $2,050. So I will not be very surprised if it touches the $4,000 per coin mark by the end of this year. The ETF listing can be the trigger (I am still hopeful about it).

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With the price now breaking $2000, is seem possible to reach $4000 this year or next year. I still think a correction is possible and may be more likely than the price just constantly increasing.

well that's right correction can happen and some downfall will show up but for sure it will move up more and it will bring to another ath
4k$ will be a good zone for us who really believes and gaining good profits, lets keep moving up bitcoin.

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if this happens then more investors will choose bitcoin if someone predicted it right when they are going to buy lots of bitcoin now and then stock and hold for long time maybe in that price they will make another 2k dollars profit. without doing anything.

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Quote from: cengsuwuei on May 09, 2017, 09:20:36 PM

iam not want bitcoin price incraese to 4000 dollar
because can many problem if bitcoin price very high, about sending fee is high, long time confirmation
and very dificult can find bitcoin if bitcoin price very high

a lot of trouble if the price becomes very high, bitcoin on the other hand is very advantageous for the user but also high costs will occur in shipping and long time that price if the bitcoin $4000, but I hope the price of bitcoin will comfortable to the user.

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With the price now breaking $2000, is seem possible to reach $4000 this year or next year. I still think a correction is possible and may be more likely than the price just constantly increasing.

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Quote from: ololajulo on May 15, 2017, 04:34:56 PM

When the thread started, he didnt know the price will hit >1800, I didnt know investors can make prediction, and if they do how many are reliable? Anyone can do this out of enthusiast, it will be of great joy to many to c the days of $4000

Predictions are never a sure thing, some of the predictions comes from looking at charts and interpret them, some come from looking at the news and seeing the overall enthusiasm for bitcoin and some comes from experience so it is not easy to predict the price at all, some just have the magical touch.

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Quote from: Searing on May 17, 2017, 08:35:11 AM

I like this thread...the plan seems to be on track at $1,833 now.

Yea everything is going back as it was few days ago now we only need to broke resistance and we are over 2k per one bitcoin.
Think we will do this now and that we will finally see price above 2000$ or we will again be bouncing back in range of 150$ down. Hard to estimate this but charts are divided by this. Me would like to see this 2000 barrier pass.

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I like this thread...the plan seems to be on track at $1,833 now.

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Quote from: _Django05_ on May 09, 2017, 08:34:22 AM

we gonna go $2K in a couple of days.
looks good to me. Cheesy

Its starting to go 2k just what you said. I am thinking that bitcoin will reach 2000$ before the end of this month. Some good news affecting the price specially the ransonware virus.

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Sure we could expect to see bitcoin hit this price by end of this year, if we look that bitcoin price has maintained a strong rally over the past few months for anything that comes to broke it , then, we see that price is struggling to re-enter the $1,800 region after it experienced a correction last week.

If we look price change on monthly base then we can expect to see price go up for about 30% in this case we could hit OP target price within this year.

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When the thread started, he didnt know the price will hit >1800, I didnt know investors can make prediction, and if they do how many are reliable? Anyone can do this out of enthusiast, it will be of great joy to many to c the days of $4000

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Quote from: richardsNY on May 14, 2017, 04:58:41 PM

Quote from: wxa7115 on May 14, 2017, 10:33:21 AM

All of that is great, you know, I like to see big numbers like everyone, but we need to be more measured with our expectations, because if you believe that then you could be tempted to buy bitcoin at the current price since you think bitcoin can reach that high price and then if the price gets lower you will lose a lot of money.

Most people have already bought in at lower levels. People that happen to enter the market at current levels are either new or too late. If you really believe that the price will go up, you likely have seen Bitcoin's potential far before the recent increase has happened. If you have come to that conclusion just now (after the recent increase), then you have been sleeping. I would like to point out that if you buy at current levels, and the price goes down after that, you don't lose anything -- you only lose when you sell.

You are correct, but there are more ways to lose than in monetary terms, if the price crashes how much time it will take for bitcoin to recover? How much time it took bitcoin to reach and all time high? So even if you don’t sell you are going to lose time, time that you could have used to make money some other way.

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Quote from: ultrloa on May 14, 2017, 11:58:38 PM

Quote from: jonnybravo0411 on May 14, 2017, 11:12:55 PM

Quote from: anami57 on May 10, 2017, 10:48:04 AM

Quote from: Remnant503 on May 10, 2017, 07:40:40 AM

Quote from: batang_bitcoin on May 09, 2017, 11:29:16 PM

I was just thinking about that this year will end up to $1,500 but it was still too early. And after the first quarter of this year we saw the price went up to $1,600 and now at $1,700+ I would not say that $4,000 this year is impossible because the market is becoming bigger but it will take time before crossing that mark.

Until the end of the year, the market may still explode and the price of 4k dollars may not be the limit, if we look at the growth rate.

As I understand Bitcoin price is increasing because its become harder to obtain, but at the end of the day it is just a means of transferring payments electronicaly. So why don't people simply switch to any of the other Altcoins instead of keep pumping the value of Bitcoin?

Because bitcoin has become an investment instrument for some people or groups. Bitcoin has a bright prospect as a digital currency, altcoin is in comparison because bitcoin is a measuring instrument.

What price fluctuations in the Bitcoin market can be watched without fading of the heart. I experienced every day how this year will pass with Bitcoin prices. Today, I really look at the forecasts that were voiced earlier that Bitcoin can fly up to 2000 dollars for one Bitcoin and I think that it will be even more.

But the downfall can create some awareness to those shaky peopls and they might sold their hodl coins if they see some bad flactuations unto it. And im wondering on how things would go for bitcoins and now im questioning people about it does speculation still occur unto this? or maybe this time is the fallen time of bitcoin and cameback again to its stable prices.

If we look at last few day then we could say that price is coming to that state to be stable, this may be good time to look at possible signs for price drops that not necessary need to be in motion. Dont think we will see price going below 1500 per one BTC, think that it will be hard resistance at that point and if price again started to up like it was few weeks ago with increase of 3,5-5% per day we could expect this 4K this year.

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Quote from: jonnybravo0411 on May 14, 2017, 11:12:55 PM

Quote from: anami57 on May 10, 2017, 10:48:04 AM

Quote from: Remnant503 on May 10, 2017, 07:40:40 AM

Quote from: batang_bitcoin on May 09, 2017, 11:29:16 PM

I was just thinking about that this year will end up to $1,500 but it was still too early. And after the first quarter of this year we saw the price went up to $1,600 and now at $1,700+ I would not say that $4,000 this year is impossible because the market is becoming bigger but it will take time before crossing that mark.

Until the end of the year, the market may still explode and the price of 4k dollars may not be the limit, if we look at the growth rate.

As I understand Bitcoin price is increasing because its become harder to obtain, but at the end of the day it is just a means of transferring payments electronicaly. So why don't people simply switch to any of the other Altcoins instead of keep pumping the value of Bitcoin?

Because bitcoin has become an investment instrument for some people or groups. Bitcoin has a bright prospect as a digital currency, altcoin is in comparison because bitcoin is a measuring instrument.

What price fluctuations in the Bitcoin market can be watched without fading of the heart. I experienced every day how this year will pass with Bitcoin prices. Today, I really look at the forecasts that were voiced earlier that Bitcoin can fly up to 2000 dollars for one Bitcoin and I think that it will be even more.

But the downfall can create some awareness to those shaky peopls and they might sold their hodl coins if they see some bad flactuations unto it. And im wondering on how things would go for bitcoins and now im questioning people about it does speculation still occur unto this? or maybe this time is the fallen time of bitcoin and cameback again to its stable prices.

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Quote from: anami57 on May 10, 2017, 10:48:04 AM

Quote from: Remnant503 on May 10, 2017, 07:40:40 AM

Quote from: batang_bitcoin on May 09, 2017, 11:29:16 PM

I was just thinking about that this year will end up to $1,500 but it was still too early. And after the first quarter of this year we saw the price went up to $1,600 and now at $1,700+ I would not say that $4,000 this year is impossible because the market is becoming bigger but it will take time before crossing that mark.

Until the end of the year, the market may still explode and the price of 4k dollars may not be the limit, if we look at the growth rate.

As I understand Bitcoin price is increasing because its become harder to obtain, but at the end of the day it is just a means of transferring payments electronicaly. So why don't people simply switch to any of the other Altcoins instead of keep pumping the value of Bitcoin?

Because bitcoin has become an investment instrument for some people or groups. Bitcoin has a bright prospect as a digital currency, altcoin is in comparison because bitcoin is a measuring instrument.

What price fluctuations in the Bitcoin market can be watched without fading of the heart. I experienced every day how this year will pass with Bitcoin prices. Today, I really look at the forecasts that were voiced earlier that Bitcoin can fly up to 2000 dollars for one Bitcoin and I think that it will be even more.

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Quote from: wxa7115 on May 14, 2017, 10:33:21 AM

Bitcoin is "fully valued" and could see a pullback in the short term after hitting $1,600 for the first time on Monday, according to one investor, but the price could go as high as $4,000 over the next 14 months.

The cryptocurrency has been on an upward move since April and was trading around $1,575.52 by early afternoon trading in London after hitting an all-time high $1,601.05 during morning trade, according to the Coindesk bitcoin price index.

In the last 30 days, bitcoin has risen over 33 percent

http://www.cnbc.com/2017/05/08/bitcoin-price-hits-record-high-and-4000-is-ahead-investor-says.html

Evidently, bitcoin has reach more than I expected due to rally in this month, over $1800 and still at higher level right now.
I have read some reasons why bitcoin price suddenly rise such as the articles mentioned, but litecoin SegWit is a good thought which affected bitcoin, Japan exchanges, South Korean, Russia and Australia regulations regarding cryptocurrency really influence people to invest on bitcoin.

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All of that is great, you know, I like to see big numbers like everyone, but we need to be more measured with our expectations, because if you believe that then you could be tempted to buy bitcoin at the current price since you think bitcoin can reach that high price and then if the price gets lower you will lose a lot of money.

Most people have already bought in at lower levels. People that happen to enter the market at current levels are either new or too late. If you really believe that the price will go up, you likely have seen Bitcoin's potential far before the recent increase has happened. If you have come to that conclusion just now (after the recent increase), then you have been sleeping. I would like to point out that if you buy at current levels, and the price goes down after that, you don't lose anything -- you only lose when you sell.

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4k in 14 months? its only 4x, we had 10x so... could be possible Wink

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Quote from: AjithBtc on May 12, 2017, 09:49:51 PM

Bitcoin is "fully valued" and could see a pullback in the short term after hitting $1,600 for the first time on Monday, according to one investor, but the price could go as high as $4,000 over the next 14 months.

The cryptocurrency has been on an upward move since April and was trading around $1,575.52 by early afternoon trading in London after hitting an all-time high $1,601.05 during morning trade, according to the Coindesk bitcoin price index.

In the last 30 days, bitcoin has risen over 33 percent

http://www.cnbc.com/2017/05/08/bitcoin-price-hits-record-high-and-4000-is-ahead-investor-says.html

All of that is great, you know, I like to see big numbers like everyone, but we need to be more measured with our expectations, because if you believe that then you could be tempted to buy bitcoin at the current price since you think bitcoin can reach that high price and then if the price gets lower you will lose a lot of money.

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Quote from: jjacob on May 12, 2017, 09:36:48 PM

Quote from: Siren on May 12, 2017, 12:46:05 PM

Quote from: jjacob on May 12, 2017, 09:36:48 PM

we can see to bitcoin's price is continuously getting increased but as of now I haven't see any possibilities that it could go $4000 easily maybe for a several months but I don't think it can be in just a few months as the activity of bitcoin and the movements of its price is just slowly getting higher .

Possible to touch $4000 if only the scaling issue can be resolved. Price of bitcoin now has risen to almost $2000 now without any resolution. So if we could only agreed what solution is the best and implement it $4000 or even more is very possible.

That is a very big if. The block size debate is contentious and has split the bitcoin community vertically down the middle.
Still, it was good to see $1800+ reached even in the midst of the debate. Now we have the inevitable profit booking and Bitcoin is sliding down again.

Several times during the time of debate on the blocksize issue the price has grown high as well reached low. As quoted the recent price surge over $1800 too took place in an unexpected time. As the thread heading states the probability to reach $4k is there, but when it happens is simply unknown.

We how have price correction and read that some are speculating here and mentioned that it may be in process right now blocksize increase that we dont know about. Maybe this is false statement here but if this is to happen then ok 4k here we come.

But what will be in next few days and is it true that ETF is again on section in Monday 15th May.

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Quote from: Siren on May 12, 2017, 12:46:05 PM

Quote from: Siren on May 12, 2017, 12:46:05 PM

we can see to bitcoin's price is continuously getting increased but as of now I haven't see any possibilities that it could go $4000 easily maybe for a several months but I don't think it can be in just a few months as the activity of bitcoin and the movements of its price is just slowly getting higher .

Possible to touch $4000 if only the scaling issue can be resolved. Price of bitcoin now has risen to almost $2000 now without any resolution. So if we could only agreed what solution is the best and implement it $4000 or even more is very possible.

That is a very big if. The block size debate is contentious and has split the bitcoin community vertically down the middle.
Still, it was good to see $1800+ reached even in the midst of the debate. Now we have the inevitable profit booking and Bitcoin is sliding down again.

Several times during the time of debate on the blocksize issue the price has grown high as well reached low. As quoted the recent price surge over $1800 too took place in an unexpected time. As the thread heading states the probability to reach $4k is there, but when it happens is simply unknown.

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we can see to bitcoin's price is continuously getting increased but as of now I haven't see any possibilities that it could go $4000 easily maybe for a several months but I don't think it can be in just a few months as the activity of bitcoin and the movements of its price is just slowly getting higher .

Possible to touch $4000 if only the scaling issue can be resolved. Price of bitcoin now has risen to almost $2000 now without any resolution. So if we could only agreed what solution is the best and implement it $4000 or even more is very possible.

That is a very big if. The block size debate is contentious and has split the bitcoin community vertically down the middle.
Still, it was good to see $1800+ reached even in the midst of the debate. Now we have the inevitable profit booking and Bitcoin is sliding down again.

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Quote from: taxmanmt5 on May 11, 2017, 09:58:52 AM

we can see to bitcoin's price is continuously getting increased but as of now I haven't see any possibilities that it could go $4000 easily maybe for a several months but I don't think it can be in just a few months as the activity of bitcoin and the movements of its price is just slowly getting higher .

Possible to touch $4000 if only the scaling issue can be resolved. Price of bitcoin now has risen to almost $2000 now without any resolution. So if we could only agreed what solution is the best and implement it $4000 or even more is very possible.

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Well, what a surprise.
We had so many strange people that was claiming to see bitcoin price to sky-rocket in 2016 even up to 3000-4000$, and what?
Nothing happened.

So why do you really support such an opinions, because this is just a long-term insight and in cryptocurrency world, you cannot really tell if it is going to happen. Bitcoin market is so unpredictable, that it is extremely hard to predict what will be the exact price in next week and we are talking about few months!
Indeed, the news from australia are very encouraging but blockchain and bitcoin infrastructure is still not ready for such a price increase.

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we can see to bitcoin's price is continuously getting increased but as of now I haven't see any possibilities that it could go $4000 easily maybe for a several months but I don't think it can be in just a few months as the activity of bitcoin and the movements of its price is just slowly getting higher .

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Quote from: Remnant503 on May 11, 2017, 09:39:40 AM

The price is gone up to more than $1850 and keeps going $100 / day! Where is that correction then that they are saying will happen?

We are very very near to 2000$ now. If its keep on going at the same pace, bitcoin will reach 4000$ in a few months. I am just surprised where we are heading in terms of bitcoin price ?

Maybe but its scary!
You heard the saying "What goes up must come down"?

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Quote from: Remnant503 on May 11, 2017, 09:39:40 AM

The price is gone up to more than $1850 and keeps going $100 / day! Where is that correction then that they are saying will happen?

We are very very near to 2000$ now. If its keep on going at the same pace, bitcoin will reach 4000$ in a few months. I am just surprised where we are heading in terms of bitcoin price ?

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The price is gone up to more than $1850 and keeps going $100 / day! Where is that correction then that they are saying will happen?

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Quote from: batang_bitcoin on May 09, 2017, 11:29:16 PM

I was just thinking about that this year will end up to $1,500 but it was still too early. And after the first quarter of this year we saw the price went up to $1,600 and now at $1,700+ I would not say that $4,000 this year is impossible because the market is becoming bigger but it will take time before crossing that mark.

Until the end of the year, the market may still explode and the price of 4k dollars may not be the limit, if we look at the growth rate.

If that is so, then that will is really a good news for me. Though I'm not that holding a lot of bitcoins but this is going to be beneficial not just for me but for everyone of us. I wanted to see the price of bitcoin to get up to $4,000 and I hope that it is going to happen very soon. I guess it's already a few weeks away before the price will land at $2k.

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Quote from: Remnant503 on May 10, 2017, 07:40:40 AM

Quote from: batang_bitcoin on May 09, 2017, 11:29:16 PM

I was just thinking about that this year will end up to $1,500 but it was still too early. And after the first quarter of this year we saw the price went up to $1,600 and now at $1,700+ I would not say that $4,000 this year is impossible because the market is becoming bigger but it will take time before crossing that mark.

Until the end of the year, the market may still explode and the price of 4k dollars may not be the limit, if we look at the growth rate.

As I understand Bitcoin price is increasing because its become harder to obtain, but at the end of the day it is just a means of transferring payments electronicaly. So why don't people simply switch to any of the other Altcoins instead of keep pumping the value of Bitcoin?

Because bitcoin has become an investment instrument for some people or groups. Bitcoin has a bright prospect as a digital currency, altcoin is in comparison because bitcoin is a measuring instrument.

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Quote from: batang_bitcoin on May 09, 2017, 11:29:16 PM

I was just thinking about that this year will end up to $1,500 but it was still too early. And after the first quarter of this year we saw the price went up to $1,600 and now at $1,700+ I would not say that $4,000 this year is impossible because the market is becoming bigger but it will take time before crossing that mark.

Until the end of the year, the market may still explode and the price of 4k dollars may not be the limit, if we look at the growth rate.

As I understand Bitcoin price is increasing because its become harder to obtain, but at the end of the day it is just a means of transferring payments electronicaly. So why don't people simply switch to any of the other Altcoins instead of keep pumping the value of Bitcoin?

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Quote from: batang_bitcoin on May 09, 2017, 11:29:16 PM

I was just thinking about that this year will end up to $1,500 but it was still too early. And after the first quarter of this year we saw the price went up to $1,600 and now at $1,700+ I would not say that $4,000 this year is impossible because the market is becoming bigger but it will take time before crossing that mark.

Until the end of the year, the market may still explode and the price of 4k dollars may not be the limit, if we look at the growth rate.

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I was just thinking about that this year will end up to $1,500 but it was still too early. And after the first quarter of this year we saw the price went up to $1,600 and now at $1,700+ I would not say that $4,000 this year is impossible because the market is becoming bigger but it will take time before crossing that mark.

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Quote from: The Sceptical Chymist on May 09, 2017, 10:18:00 PM

Pfft. If this 'one investor' is as crazy as half the fools on this forum--or as caught up in the euphoria--this is nothing to start a circle jerking session over. Not that we don't have one in progress as I write this. In bull markets people go fucking nuts and predict that the Dow is going to be double what it is next year, and blah blah blah. No one knows. And this is just one opinion.

Quote from: leexhin on May 08, 2017, 01:42:05 PM

Yeah it already hits 1,600 but I think it is pretty much hard for it to be in 4,000.
I think maybe in a couple of year it could but who know's maybe it could.

I can't hit the friggin' ignore button fast enough on bitcointalk. This place is infested with garbage like this.

Do not be so hot, because everyone has their own point of view and has the right to express it. Of course many opinions and I do not like, but you will not do anything.

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Pfft. If this 'one investor' is as crazy as half the fools on this forum--or as caught up in the euphoria--this is nothing to start a circle jerking session over. Not that we don't have one in progress as I write this. In bull markets people go fucking nuts and predict that the Dow is going to be double what it is next year, and blah blah blah. No one knows. And this is just one opinion.

Quote from: leexhin on May 08, 2017, 01:42:05 PM

Yeah it already hits 1,600 but I think it is pretty much hard for it to be in 4,000.
I think maybe in a couple of year it could but who know's maybe it could.

I can't hit the friggin' ignore button fast enough on bitcointalk. This place is infested with garbage like this.

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it is interesting that whenever bitcoin price rises, everyone comes out and start making these speculations, and most of these news comes from people whom we never heard of before, or they never made any statement about bitcoin.
I say these kind of speculation are only good if they did it back when price was low. for example when price took a dive down to $900 from $1200. not when it is showing all signs of rise.

and what's up with these short term huge price rise kind of deals! $2400 rise in a few months!! c'mon!

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Bitcoin will have a hard time reaching 4000$ this year or nexy even it was said by many investors that it will achieved the 4000$ price .
Maybe 5 more years before bitcoin hits 4000$

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Quote from: CoinCube on May 09, 2017, 09:31:31 PM

Quote from: Remnant503 on May 09, 2017, 02:22:16 PM

Hello everyone,
I just joined this wonderful forum because I found the conversations are very interesting. I have been studying BTC for quite a while and finding the latest price increase is simply nuts! Why is it going up so much so fast? Anyone got a sensible answer?

Think of it like a tech stock.

Current Market Cap (billion USD)

Twitter 13.4

Snapchat 26.4

Bitcoin 28.7

Yahoo 47.7

Facebook 438.5

Market has decided Bitcoin is no longer equals a Twitter. Now it is about a Snapchat in value.

Given the underlying potential of the technology it is entirely possible that some large institutional investors have decided that it may be worth a Yahoo which if true bodes well for gains in the future. Grin

Lol omg people love their dumb useless shit that's for sure. I don't have any of those so that's why they aren't worth trillions hahaha Wink

. Bitcoins have real value, unlike anything else on the planet (slight exaggeration...maybe).

freebutcaged

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Activity: 588

Merit: 541

I truly believe that only the smart people with the ability to see the big picture predicting the future by doing that not because they know magic but because they can see the blue prints of the design.

If you hang everything from the start I mean the entire history of Bitcoin from a wall and walk 10 feet away then you will start to see it clearly.

It doesn't get any easier, 21M Bitcoins, hundreds of new members joining the community every day, every 2 weeks difficulty increases due to the nature of mining competition.

Banking empire gets worse every day and people will seek for new money the best of them free of bank influences is Bitcoin, so more will come our way in the future.

$1800 already and if we demand for $1950 I'm sure we'll get there as well we just need to think before action, don't let greed and fear scare you away and don't deny yourself your future.

CoinCube

legendary

Activity: 1946

Merit: 1055

Quote from: Remnant503 on May 09, 2017, 02:22:16 PM

Hello everyone,
I just joined this wonderful forum because I found the conversations are very interesting. I have been studying BTC for quite a while and finding the latest price increase is simply nuts! Why is it going up so much so fast? Anyone got a sensible answer?

Think of it like a tech stock.

Current Market Cap (billion USD)

Twitter 13.4

Snapchat 26.4

Bitcoin 28.7

Yahoo 47.7

Facebook 438.5

Market has decided Bitcoin is no longer equals a Twitter. Now it is about a Snapchat in value.

Given the underlying potential of the technology it is entirely possible that some large institutional investors have decided that it may be worth a Yahoo which if true bodes well for gains in the future. Grin

cengsuwuei

hero member

Activity: 714

Merit: 516

#SWGT PRE-SALE IS LIVE

iam not want bitcoin price incraese to 4000 dollar
because can many problem if bitcoin price very high, about sending fee is high, long time confirmation
and very dificult can find bitcoin if bitcoin price very high

jjacob

legendary

Activity: 1554

Merit: 1026

★Nitrogensports.eu★

Within 24 hours of CNBC publishing this article, Bitcoin hit $1800.
Usually, it is only the print media which publishes outdated articles. With Bitcoin's wild swings, even web media is finding it tough to catch up. Grin

jaberwock

legendary

Activity: 2660

Merit: 1074

Quote from: Remnant503 on May 09, 2017, 06:28:39 PM

Quote

http://www.c[Suspicious link removed]m/2017/05/08/bitcoin-price-hits-record-high-and-4000-is-ahead-investor-says.html

Many thanks for this link. It was quite informative. I understand now that there are multiple factors affecting the price, but its generally good news for the future. Except if the US Gov decided to make it illegal I guess we will have to go to Japan then or maybe nothing will change then?

I would really appreciate any clarifications on the following if possible:

1- In the video they said last year they cut off half of the quantity of BTC to prevent inflation. Who controls that and what happens when they release it back again on the market. Would the price drops back again?
2- It also mentions about the last month's change in the technology code of LiteCoin so it became faster in transactions. How does that affect BitCoin and is it possible to implement the same fast technology as LiteCoin?
3- How likely will a pullback in the price happens? Is it possible for it not to happen and the price continue going up?

Thanks.

1-Probably you are talking about the halving? When the blocks solved give half of the reward than before the halving. It is written in the code since Bitcoin started, and no one has control about when they are going to happen, and no one can do or undo a halving. It is part of Bitcoin design.
2-Litecoin activated Segwit, but no direct effect on Bitcoin because Litecoin and Bitcoin are different coins. Probably won't be implemented in Bitcoin because would require 95% or so approval of the miners(currently around 20%, I think)
3-I don't know, but I see no reason for a big fall

Remnant503

newbie

Activity: 5

Merit: 0

Quote

http://www.c[Suspicious link removed]m/2017/05/08/bitcoin-price-hits-record-high-and-4000-is-ahead-investor-says.html

Many thanks for this link. It was quite informative. I understand now that there are multiple factors affecting the price, but its generally good news for the future. Except if the US Gov decided to make it illegal I guess we will have to go to Japan then or maybe nothing will change then?

I would really appreciate any clarifications on the following if possible:

1- In the video they said last year they cut off half of the quantity of BTC to prevent inflation. Who controls that and what happens when they release it back again on the market. Would the price drops back again?
2- It also mentions about the last month's change in the technology code of LiteCoin so it became faster in transactions. How does that affect BitCoin and is it possible to implement the same fast technology as LiteCoin?
3- How likely will a pullback in the price happens? Is it possible for it not to happen and the price continue going up?

Thanks.

BitcoinPanther

hero member

Activity: 1918

Merit: 564

Quote from: Remnant503 on May 09, 2017, 02:22:16 PM

Bitcoin is "fully valued" and could see a pullback in the short term after hitting $1,600 for the first time on Monday, according to one investor, but the price could go as high as $4,000 over the next 14 months.

The cryptocurrency has been on an upward move since April and was trading around $1,575.52 by early afternoon trading in London after hitting an all-time high $1,601.05 during morning trade, according to the Coindesk bitcoin price index.

In the last 30 days, bitcoin has risen over 33 percent

http://www.cnbc.com/2017/05/08/bitcoin-price-hits-record-high-and-4000-is-ahead-investor-says.html

Considering how fast bitcoin price going up, there is really a possibility that $4000 will be riched by Bitcoin next year. Some crypto analyst said that Bitcoin adoption wave is just begining. So there will be more people coming in to bitcoin coummunity and pouring fresh fund to bitcoin economy. It is very possible since India had a good news about the possible bitcoin adoption in their country and India is a big country with lots of population. Imagine if these number of people is the next in line to flock into Bitcoin. We can observe a price surge.

chaser15

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Activity: 2688

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Undeads.com - P2E Runner Game

Hello everyone,
I just joined this wonderful forum because I found the conversations are very interesting. I have been studying BTC for quite a while and finding the latest price increase is simply nuts! Why is it going up so much so fast? Anyone got a sensible answer?

No one knows what is the exact reason behind all these things. But you can check some of the close things that might be the reason for this price increase. It will take a long paragraph to post it so I suggest just check it out thru Google.

Quote from: leowonderful on May 09, 2017, 02:24:36 PM

Quote from: erikalui on May 09, 2017, 11:31:01 AM

The price is most likely going to fall below $1200 as the rise is insane. The only positive seems for MTGox that can again become solvent if the price reaches $2800-$2900 and they can pay their debts but as of now, only the recent speculation and hacks has led to the price rise from $1200 to $1700 now. Can't image bitcoin has increased by 70% in a year's time and the market is now having billions in trades.

Even if the "bubble" were to pop we would drop right back into the channel which is currently near 1400. 1200 is possible but it's much more likely if the unlikely were to happen that the price would be around 1400. If you use fancy trader lines this is completely expected if you disregard Gox as price would have theoretically been $50 then if Gox did not happen.

I would tend to agree. Once price decrease will happen, the correction price would still land to the price that is still can tagged as a high price. But if I will take the statement to my own analyzation, the bubble burst is not yet closely to happen as in the first place there is still no bubble that will burst. I mean, it's still forming and can't called completely as a bubble.

leowonderful

legendary

Activity: 1624

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Bitcoin FTW!

Quote from: erikalui on May 09, 2017, 11:31:01 AM

The price is most likely going to fall below $1200 as the rise is insane. The only positive seems for MTGox that can again become solvent if the price reaches $2800-$2900 and they can pay their debts but as of now, only the recent speculation and hacks has led to the price rise from $1200 to $1700 now. Can't image bitcoin has increased by 70% in a year's time and the market is now having billions in trades.

Even if the "bubble" were to pop we would drop right back into the channel which is currently near 1400. 1200 is possible but it's much more likely if the unlikely were to happen that the price would be around 1400. If you use fancy trader lines this is completely expected if you disregard Gox as price would have theoretically been $50 then if Gox did not happen.

Remnant503

newbie

Activity: 5

Merit: 0

Hello everyone,
I just joined this wonderful forum because I found the conversations are very interesting. I have been studying BTC for quite a while and finding the latest price increase is simply nuts! Why is it going up so much so fast? Anyone got a sensible answer?

Slark

legendary

Activity: 1862

Merit: 1004

Quote from: Slow death on May 09, 2017, 09:22:23 AM

For sure it was a spectacular climb, something difficult to see every year. But something very good, I particularly did not believe that the price went up so much... here we are in the 1700

Now, $4000 is a lot, I think it's only 2 or 3 years from now.

As you said, we are reached $1700 already.

When I studied speculation threads and read expert's thoughts most of them were saying that $1500 is the final price we will achieve in 2017!
Some optimists said that we will see $2000. I tell you what I think: time is not so important, what matter is serious bitcoin milestones in adoption.
After legalization of BTC by Japan current bull race happened. If Russia will legalize BTC in the future, then the price will instantly reach another threshold.

erikalui

legendary

Activity: 2632

Merit: 1094

The price is most likely going to fall below $1200 as the rise is insane. The only positive seems for MTGox that can again become solvent if the price reaches $2800-$2900 and they can pay their debts but as of now, only the recent speculation and hacks has led to the price rise from $1200 to $1700 now. Can't image bitcoin has increased by 70% in a year's time and the market is now having billions in trades.

Meuh6879

legendary

Activity: 1512

Merit: 1012

Quote from: DonQuijote on May 09, 2017, 08:12:33 AM

2,2k this year for sure, unlimited vs core isnt a big problem

true.

Slow death

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Leading Crypto Sports Betting & Casino Platform

Quote from: mindrust on May 09, 2017, 05:06:59 AM

People said 2k$ is impossible at least in a year but we are almost there now. More importantly, we have seen how bitcoin can grow so fast in a few days. Bitcoin was 1300$ on May 1 and now it is over 1700$. It is more than %30 growth only in 10 days. (9 actually) 10! And that grow happened while it was already around its ATHs! That means all those people even the ones with small shares didn't choose to dump but hold.

Mind you, bitcoin isn't a pump&dump shitcoin with zero volume&low market cap. It is the ultimate and the safest cryptocoin.

Altcoins can grow %1000 in a week because they start with zero value. Bitcoin is already distributed widely through the globe so pumping it is much more difficult than doing it with alts.

Now we are about to hit 2k$... 4k$ don't sound impossible.

For sure it was a spectacular climb, something difficult to see every year. But something very good, I particularly did not believe that the price went up so much... here we are in the 1700

Now, $4000 is a lot, I think it's only 2 or 3 years from now.

Red-Apple

hero member

Activity: 1470

Merit: 655

i never like speculations like this that defy everything i see on charts. they seem mostly hype-y to me.
i mean yeah we are getting a lot of good news from every place these days and things are looking great with bitcoin but $4000 in a few months is a big target and that is not going to happen easily. that is a 150% rise and when you look at the percentages they give you a better view of how things are.
and i say if that happens then we will officially be in a big bubble like 2013 and that will pop ruining all the past 2+ years of solid slow rise.

i say $2000 +- $100 by the end of this year is a more logical number.

BitHodler

legendary

Activity: 1526

Merit: 1179

Let's first see the price go through the $2000 mark before speculating about even higher prices. It would be a completely unhealthy situation if the price keeps going up without any corrections.

I always prefer a more sustainable sort of growth over quick peaks. But of course, people here don't care as long as they see the price go up. It's always benefit now,
and think about the consequences later.

_Django05_

sr. member

Activity: 403

Merit: 257

we gonna go $2K in a couple of days.
looks good to me. Cheesy

goinmerry

legendary

Activity: 2940

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Investors who bought at the current price rate must hope for the best that's why they have to become optimistic disregarding all the negative risks. So it's an obvious thing to say that price will increase more above the unexpected price.

So even without technical analysis and disregarding the past performance, investors who bought at the current price rate must make a speculation of a big price increase so somehow they can attract new and current investors to buy more coins.

Even if I have to buy lots of bitcoins today, I will remove all negative news in my mind even they are close to reality because I want to earned more than I invested.

DonQuijote

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Activity: 1551

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♠ ♥ ♣ ♦ < ♛♚&#

2,2k this year for sure, unlimited vs core isnt a big problem

LFC_Bitcoin

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#1 VIP Crypto Casino

Stay calm & HODL gentlemen. Even $2000 is nothing compared to what we'll see after the next halving. If you're already invested then this is a once in a lifetike opportunity. Strong hands gentlemen, strong hands.

rajasumi3

full member

Activity: 266

Merit: 100

I completely agree with the investor that the price of bitcoins would be 4000$,well if the adoption of bitcoins is on the rise it will be quite evident that the price of bitcoins will reach quite quickly.

btccashacc

legendary

Activity: 1120

Merit: 1000

Serioussly??? well i'm not ready for this , i'm in a situation like have no much bitcoin right now, but i'm trying to buy as much as i can. Today I woke up to a sweet surprise that bitcoin price touched 1,630 USD each. My prediction is the price would be touch 2000 dollars maybe in next month or so but i'm not sure that it could rally to 4k dollars i think too fast for bitcoin to touch that price hmmm we can't predict the future it might happen though. All i can say congratulation for those who hold and have a lot of bitcoins right now.

davis196

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Activity: 3164

Merit: 937

Quote from: TravelMug on May 09, 2017, 04:23:34 AM

Bitcoin is "fully valued" and could see a pullback in the short term after hitting $1,600 for the first time on Monday, according to one investor, but the price could go as high as $4,000 over the next 14 months.

The cryptocurrency has been on an upward move since April and was trading around $1,575.52 by early afternoon trading in London after hitting an all-time high $1,601.05 during morning trade, according to the Coindesk bitcoin price index.

In the last 30 days, bitcoin has risen over 33 percent

http://www.cnbc.com/2017/05/08/bitcoin-price-hits-record-high-and-4000-is-ahead-investor-says.html

Another speculation bubble is coming.
When the price goes up so fast this can`t be a stable growth.
All the btc holders are happy ,but i`m not one of them. Huh

Asrael999

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Activity: 703

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Just buy a little bit every week/month and average in, treat it as monthly savings and come look at the price in 2027 and see if it was smarter than buying stocks.

leowonderful

legendary

Activity: 1624

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Bitcoin FTW!

People's brains can only handle so much and there's always been so much money going into Bitcoin that all we needed was a catalyst and rises like this will happen. Imagine what'd happen with a proper scaling solution like Segwit or Lightning Network, unfortunately we can't come to consensus but it'd be absolutely great for price.

mindrust

legendary

Activity: 3276

Merit: 2442

People said 2k$ is impossible at least in a year but we are almost there now. More importantly, we have seen how bitcoin can grow so fast in a few days. Bitcoin was 1300$ on May 1 and now it is over 1700$. It is more than %30 growth only in 10 days. (9 actually) 10! And that grow happened while it was already around its ATHs! That means all those people even the ones with small shares didn't choose to dump but hold.

Mind you, bitcoin isn't a pump&dump shitcoin with zero volume&low market cap. It is the ultimate and the safest cryptocoin.

Altcoins can grow %1000 in a week because they start with zero value. Bitcoin is already distributed widely through the globe so pumping it is much more difficult than doing it with alts.

Now we are about to hit 2k$... 4k$ don't sound impossible.

arwin100

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Jack of all trades 💯

Quote from: daronch on May 08, 2017, 06:15:23 PM

Quote from: daronch on May 08, 2017, 06:15:23 PM

Bitcoin is "fully valued" and could see a pullback in the short term after hitting $1,600 for the first time on Monday, according to one investor, but the price could go as high as $4,000 over the next 14 months.

The cryptocurrency has been on an upward move since April and was trading around $1,575.52 by early afternoon trading in London after hitting an all-time high $1,601.05 during morning trade, according to the Coindesk bitcoin price index.

In the last 30 days, bitcoin has risen over 33 percent

http://www.cnbc.com/2017/05/08/bitcoin-price-hits-record-high-and-4000-is-ahead-investor-says.html

Interesting. I guess now is the time to start investing and stocking up on bitcoins? I wonder what the predicted price is for the next 5 years..

$10,000 or more. Remember there is another halving in the next 3 years making bitcoin that scarce but bitcoin will be more demanding with little supply. Really the price of bitcoin will exponentially grow in the next years or so, so its critical for many of us to really saved bitcoin for long term because the price will go to the moon.

It must be a hodl party happening right now and we should hodl to since the performance rating of bitcoin is pretty cool and theirs no doubt bitcoins price will huge for more. Hope their no bad event will be happen and lets pray that their will no bad interuption will hit and cut our glory.

Bitcoin for now surely gets more satistfaction and surely those people who sold already their coin are doubting to see how far it goes right now.

TravelMug

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Activity: 2632

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Quote from: JerryWinski on May 08, 2017, 01:55:37 PM

Bitcoin is "fully valued" and could see a pullback in the short term after hitting $1,600 for the first time on Monday, according to one investor, but the price could go as high as $4,000 over the next 14 months.

The cryptocurrency has been on an upward move since April and was trading around $1,575.52 by early afternoon trading in London after hitting an all-time high $1,601.05 during morning trade, according to the Coindesk bitcoin price index.

In the last 30 days, bitcoin has risen over 33 percent

http://www.cnbc.com/2017/05/08/bitcoin-price-hits-record-high-and-4000-is-ahead-investor-says.html

Interesting. I guess now is the time to start investing and stocking up on bitcoins? I wonder what the predicted price is for the next 5 years..

$10,000 or more. Remember there is another halving in the next 3 years making bitcoin that scarce but bitcoin will be more demanding with little supply. Really the price of bitcoin will exponentially grow in the next years or so, so its critical for many of us to really saved bitcoin for long term because the price will go to the moon.

~Bitcoin~

legendary

Activity: 994

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It will more likely pull back to 1300 before making another rally up to 2000.00 for the end of they year.

I doubt we'll see $4000.00 this year or next. Maybe 2019.

I completely agree with you, current bull trend might not be able to push price to $2000 so i am also expecting quite reasonable correction on bitcoin price. I am waiting to buy more at $1200-$1300 price range.

daronch

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