Bitcoin price ready to increase ~$25 USD per day during this year. - page 4.

error08

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Quote from: Gleb Gamow on January 31, 2017, 03:19:09 PM

https://cointelegraph.com/news/bitcoin-price-will-reach-10000-might-take-another-year-tim-draper

Quote

Three years ago, Draper predicted the Bitcoin price to reach $10,000 by now. He remains optimistic regarding the increasing Bitcoin value and expects it to reach $10,000 in a year:

“I predicted a $10000 price on Bitcoin in three years about three years ago. Might take another year.”

That equates to 9,000/365 = $24.66 per day. Luckily, the blockchain is now able to handle all them transactions. It is able to ain't it? Surely, them behind-close-doors meetings were producing such solutions, attendees only taking breaks to advance a rumor or two as fodder for respective trade rags, eh?

Well, great news about bitcoin which the problem about transaction could be solved, is it because blockchain has been upgraded? I know that they had voted about it but have not read about the implementation.
According to the article, looks like the pump come from China regulations again and US investors. I'm concerned about investors will cash out what they had put in the first place, then we will get another significant dump.
Overall, hopefully we won't facing another crash in this year and could reach ATH in February

shinratensei_

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At least if the price keeps the steady way in over $1000 and the people of the Chinese bank aren't releasing the fuckin fake ban announcement for bitcoin.

Or it goes down again. Cool

SaShiRaJaVu

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Quote from: calkob on January 31, 2017, 06:36:01 PM

I doubt very much that we will see bitcoin at $10,000 this year and prob not within the next 3. i do think it will be at $2000 by the end of Jan 2018 tho. I think $10000 will be around the next halving.

The possibility of a price range around $2000 at the end of 2017 is a real possibility but the said rate of $10000 is a very big dream that wont be fulfilled any time soon. Bitcoin has to first settle the fundamental issues it has with the transaction delays it is having and if the core team could settle the issues the better and then you could see some record prices.

calkob

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I doubt very much that we will see bitcoin at $10,000 this year and prob not within the next 3. i do think it will be at $2000 by the end of Jan 2018 tho. I think $10000 will be around the next halving.

FasTroy

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Quote from: Gleb Gamow on January 31, 2017, 03:19:09 PM

https://cointelegraph.com/news/bitcoin-price-will-reach-10000-might-take-another-year-tim-draper

Quote

Three years ago, Draper predicted the Bitcoin price to reach $10,000 by now. He remains optimistic regarding the increasing Bitcoin value and expects it to reach $10,000 in a year:

“I predicted a $10000 price on Bitcoin in three years about three years ago. Might take another year.”

That equates to 9,000/365 = $24.66 per day. Luckily, the blockchain is now able to handle all them transactions. It is able to ain't it? Surely, them behind-close-doors meetings were producing such solutions, attendees only taking breaks to advance a rumor or two as fodder for respective trade rags, eh?

$24.66 per day!! I don't think so. It's such a high amount for only one day.
Even if bitcoin increase 24.66$ per day. You will see that one or 2 or maybe three successive days not every day. because there is the time of falling and for increasing.
So I think this prediction is wrong. By the way, 10 000 $ in three years it seems a very high amount of dollars compared by 1 btc. Maybe 4-5k $. I think 10k$ is an extraordinary price. But i hope that you are right.

_nur

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lol

i think bitcoin will reverse

Gleb Gamow

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Quote from: ivanst776 on January 31, 2017, 05:54:54 PM

Quote from: Gleb Gamow on January 31, 2017, 03:19:09 PM

That equates to 9,000/365 = $24.66 per day. Luckily, the blockchain is now able to handle all them transactions. It is able to ain't it? Surely, them behind-close-doors meetings were producing such solutions, attendees only taking breaks to advance a rumor or two as fodder for respective trade rags, eh?

The blockchain is able to handle those transaction but the traders and the community is not ready to see an increase of 9k within one year, don't know but it's just too much and never happened this before.

My opinion is that for this decade (until 2020) the bitcoin price can not be at xx,xxx but If that happens who wouldn't be happy? -only those who haven't invested before.

My bad! I miscalculated, falsely assuming that a tenfold increase in the exchange rate equates to a tenfold increase in the amount of blockchain transactions. Thanks for the proof that such isn't the case.

ivanst776

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Quote from: Gleb Gamow on January 31, 2017, 03:19:09 PM

That equates to 9,000/365 = $24.66 per day. Luckily, the blockchain is now able to handle all them transactions. It is able to ain't it? Surely, them behind-close-doors meetings were producing such solutions, attendees only taking breaks to advance a rumor or two as fodder for respective trade rags, eh?

The blockchain is able to handle those transaction but the traders and the community is not ready to see an increase of 9k within one year, don't know but it's just too much and never happened this before.

My opinion is that for this decade (until 2020) the bitcoin price can not be at xx,xxx but If that happens who wouldn't be happy? -only those who haven't invested before.

Investforprofit

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This will not gonna happent as you can see bitcoin is not moving with that tempo.As you can see bitcoin is going up and then some time up up then fast going down and then suddenly it go up so I dont have same predictions in my mind like you.

boyshx

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I don't see it happening, even with segwit on, that's not the growth rate of bitcoin by any means, not even last year with the halving effect. 2000-2500$ per coin is a nice goal for this year if you ask me.

mrkevio

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I think it has the possibility of going even higher than $10.000. Halving happened last year, the aftermath will be seen this one. Do you know what happened the last time a halving took place? The price went up 100 times. With the price constantly rising people will want to buy BTC too. I am waiting until next year after NYE.

DannyHamilton

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It just needs to increase 0.7% per day every day.

unamis76

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Good. Now what does Tim Draper think about scaling? Does Tim Draper expect Bitcoin to scale in a year? Someone so blindly worried in profiting in $ doesn't even think about this...

Farma

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I did not pay much attention, but if the price of bitcoin increased $ 25 for one day, maybe bitcoin will be the best investment this year. Well, bitcoin has always been the best investment tool, however, if such it was, maybe it would be very good news, because then there will be more people who buy bitcoin, and bitcoin create increasingly popular.

nara1892

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to reach $10,000 it will take another year? the price now is -10x from that amount, and he said that it needs a year to reach $10,000 for one bitcoin? I think it is too high. just see the year before. the increasing pricer per year did not reach $3,000. how could it reach $10,000 a year? I wonder. but let's see whether the prediction will be right or not.

merlinsbeard

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Maybe if SegWit goes through and Trump starts a trade tariff war with China. Hahahaha Cry

I see it reaching $1,200 by the end of the year if upcoming regulations in China and elsewhere don't choke its growth.

maku

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And if that new prophecy won't fulfill itself by 2018, then Tim Draper will simply say that it might take yet another year to come true?
Let's face it - he assumed after that ATH pump in 2013 that bitcoin will double its value and repeat that pump cycle again every year.
Now we know that this clearly won't happen.

Gleb Gamow

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Quote from: Taki on January 31, 2017, 03:35:26 PM

I would happy if bitcoin's price would add at least 1$ per day, but for sure. And those 25$ daily seems as some fairy tale. I don't know where from such information. It sounds too optimistic and not real to me. Can you tell me the exactly day from which the price will start to add 25$ per day? I wish to see that moment.

The calculated info was presented in the OP, and the price increase starts today, proof via the daily increase in the exchange rate. Keep an eye on it.

xJuturna

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Keep dreaming!!! Wink

Not to say that it won't eventually reach $10,000 at some point but I can't see it happening anytime soon. I do believe by the end of 2017 it will be above $1,000 and stable at a minimum. Only time will tell if it will go above this point. Bitcoin has proven that it's worth can increase continuously over time but it isn't immune to support and resistance levels.

Wendigo

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So when do we start counting the daily increase in price? From today or the next Monday? This sounds very familiar to the Wall Street brokers who predicted Bitcoin would skyrocket to $5000 like 2 years ago lol.

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