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Topic: Bitcoin price will not go above $4,000 - page 3. (Read 811 times)

sr. member
Activity: 840
Merit: 266
February 21, 2019, 05:22:04 PM
#66
Bitcoin is almost touching $4,000 and it had a small rise, but the factors that brought Bitcoin down from $20,000 to $4,000 are still there.
What exactly are the factors the brought Bitcoin down, isn't this factor was there when Bitcoin shoot from $1xxx to $19xxx in a matter of few months? We all know that these factors exist from day one of the existence of Bitcoin and under this factors, Bitcoin pass $4k level with ease before I can't see any reason to why Bitcoin can't do again without any problem, sooner or later it will happen.
sr. member
Activity: 1330
Merit: 291
February 21, 2019, 05:15:00 PM
#65
Bitcoin is almost touching $4,000 and it had a small rise, but the factors that brought Bitcoin down from $20,000 to $4,000 are still there.

The price of Bitcoin seems to be too high even @ $4,000, because there isn't any fundamental behind it, the price of Gold also had a huge rise to $2,000 several years ago but it dropped 50% of its value pretty fast.

Today Gold is stable around $1,350 per ounce ... but Gold is a scarce resource, a physical one ...
Bitcoin is not, it's just means of transferring money from one to another and it has lots more competition.

So these fundamentals show the price is still bearish, the small rise from $3,600 to $3,950 is probably a correction in the market.

Does anyone agree?


**All of the above is a pure speculation.

The recent increase is not just a correction but the whole recovery process has began  it started gaining value from $2500 to its current market value. I don't believe Bitcoin value is too high at $4000 because no one can tell exactly the stable value of Bitcoin.
full member
Activity: 638
Merit: 118
February 21, 2019, 05:00:39 PM
#64
Sorry to say, I don't agree with you. Because in my opinion, Gold and Bitcoin comparison is irrelevant here. Gold price down, it is physical and bitcoin is not. Yes, it is right. But you can't avoid the technology works behind every transaction on Bitcoin. Blockchain will have a bright future, the technology will come to light widely gradually. Bitcoin price did not hit 20K USD in a one day! Before that BTC price was 500 USD then again below 100 USD then again 1100 USD then again it came to 200 USD! So, from 20K to 3K USD happened and it can go from 4K USD to 30K USD anytime. So, I strongly believe that the BTC price will go above 4K USD very soon!
jr. member
Activity: 40
Merit: 15
February 21, 2019, 04:20:26 PM
#63
... but Gold is a scarce resource, a physical one ...


so is bitcoin
the scarce resource in question is a valid private key which is a mathematical proof of ownership
mathematics are as tangent as the Au element, both are part of our empirical reality
hero member
Activity: 1190
Merit: 541
February 21, 2019, 04:01:28 PM
#62
Currently it is even look like impossible that bitcoin price reach back to $4k levels with this rally. It seems lots of people are booking profits around $3900 levels and trading volume is significantly getting reduced.

No doubt bitcoin has now become a popular crypto currency, people have invested a lot of their money there. We can only expect that now the time is that bitcoin price will boost again and will hopefully reach back to its previous high price. I even hopeful that this time bitcoin price will very soon cross 50k. We just need to wait a little and hold our coin patiently.
full member
Activity: 392
Merit: 113
February 21, 2019, 02:47:47 PM
#61
**All of the above is a pure speculation.

i wouldn't call anything that you said "speculation", it is only your "opinion" based on your assumption that bitcoin is useless and is not being adopted by anyone at all and is dying.

What's the difference between a speculation and an opinion? Aren't these the same?
You could speculate that Gold will rise to $2,000 and you can have an opinion that it will rise to $2,000
What's the difference?

there is quite little difference folk. speculations are based on some gathered information through word of mouth but have no real and tangible basis, thus you assume this is it while opinion is just how you view a certain matter or situation personally base on your own belief. One author said that opinions are the cheapest commodity on earth which is true  Grin. So both speculations and opinions are free and its up to the people who hear if they will believe them or not.
hero member
Activity: 2072
Merit: 503
February 21, 2019, 01:39:48 PM
#60
Bitcoin already surpass the price of $4000 and I think there is chance the it will continue on increasing where it will hit the price of $5000. I still keep on thinking that the bear market will end in the few days or months so I already bought some amount of bitcoin and ethereum.
I think it's still an unstable increase. when viewed on the coinmarketcap, we can draw the conclusion that the price has not really passed the price of $ 4k. in proportion, the price of bitcoin is still around $ 3950, and maybe in the near future, we can see the price of bitcoin is stable at that price.
hero member
Activity: 2814
Merit: 911
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February 21, 2019, 11:34:11 AM
#59
Bitcoin is almost touching $4,000 and it had a small rise, but the factors that brought Bitcoin down from $20,000 to $4,000 are still there.
If you are certain what took the price of bitcoin down from the peak to $4000 and what makes you think that what factors gives them the current valuation if it is just not have any fundamentals, i would like to hear from you. Tongue

Quote
Today Gold is stable around $1,350 per ounce ... but Gold is a scarce resource, a physical one ...
Bitcoin is not, it's just means of transferring money from one to another and it has lots more competition.
What is the use of gold rather than a shiny metal, it cannot be transferred easily and it is not that easy to cash out either and it is difficult to mine but it is unlimited in nature because of new mining sites being discovered every year if you are not aware of it.

Quote
So these fundamentals show the price is still bearish, the small rise from $3,600 to $3,950 is probably a correction in the market.
I am not expecting the rise to rally now, but we will see the recovery eventually, even if the market correct themselves now, it is not a big surprise as no one is expecting any big rally any time soon.
legendary
Activity: 3654
Merit: 1165
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February 21, 2019, 11:03:52 AM
#58
Lol, this topic did not aged well Cheesy. It is above 4 thousand dollars (even while he was writing this it could have been above 4 thousand I suppose since its about 24 hour old topic). If you are a person who think bitcoin can not go above 4 thousand dollars or at least think that it can't be sustained over 4 thousand dollars you are underestimating the money poured into bitcoin.

The technology definitely worth it but also the hype and interest from the public what makes bitcoin what it is today. There are more people interested in bitcoin than ever, there are more whales interested in bitcoin than ever and there are certainly more companies funding crypto companies than ever. These all come down to more attention to bitcoin which results with buying more bitcoin that increases the price.
sr. member
Activity: 868
Merit: 257
February 21, 2019, 10:53:36 AM
#57
Bitcoin already surpass the price of $4000 and I think there is chance the it will continue on increasing where it will hit the price of $5000. I still keep on thinking that the bear market will end in the few days or months so I already bought some amount of bitcoin and ethereum.
sr. member
Activity: 882
Merit: 282
February 21, 2019, 05:14:06 AM
#56
Bitcoin crossing $4000 will happen either today or tomorrow.  I think bitcoin is going to recover and remain in bull trend for some times.  The event that lead to the downfall in pricing of cryptocurrencies is still there but that did not mean that bitcoin will not recover over those issues and for those that think that bitcoin is overvalued,  I don't Think that bitcoin is overvalued and the current price is not the best price.
sr. member
Activity: 798
Merit: 253
February 21, 2019, 04:07:23 AM
#55
Only $50 more to reach 4k dollars per bitcoin and it will really happen for sure because it good and nice movemenr of chart now.
People don't who don't have bitcoin for sure it will not believe to bitcoin because once the bitcoin increase they will not profit they are envy to us.
At times it easily cross the round point values, now it seems to struggle hard to cross $4000. Much closer to $4000 is observed on the CMC, now it is at $3992. From my view when it go beyond $4000, we can soon expect good increase in the value reaching $4500+ at the shortest.
The fact is that in the Bitcoin World there will never be an easy thing to predict, anything can happen. also when the Bitcoin price will reach 4,000USD. This is very possible because the price of Bitcoin can reach more than that price, even before the price of Bitcoin once reached the level of 17,000USD. So everything can happen and we will all reach a much higher level than 4,000USD.

Indeed predicting crypto is not easy but we certainly continue to hope that bitcoin will reach more than $ 4000, and maybe a few days or the next few months will score a high level. More market demand will increase the value of crypto.
legendary
Activity: 1414
Merit: 1001
February 21, 2019, 02:49:08 AM
#54
Only $50 more to reach 4k dollars per bitcoin and it will really happen for sure because it good and nice movemenr of chart now.
People don't who don't have bitcoin for sure it will not believe to bitcoin because once the bitcoin increase they will not profit they are envy to us.
At times it easily cross the round point values, now it seems to struggle hard to cross $4000. Much closer to $4000 is observed on the CMC, now it is at $3992. From my view when it go beyond $4000, we can soon expect good increase in the value reaching $4500+ at the shortest.
The fact is that in the Bitcoin World there will never be an easy thing to predict, anything can happen. also when the Bitcoin price will reach 4,000USD. This is very possible because the price of Bitcoin can reach more than that price, even before the price of Bitcoin once reached the level of 17,000USD. So everything can happen and we will all reach a much higher level than 4,000USD.
hero member
Activity: 2310
Merit: 532
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February 21, 2019, 01:47:39 AM
#53
Only $50 more to reach 4k dollars per bitcoin and it will really happen for sure because it good and nice movemenr of chart now.
People don't who don't have bitcoin for sure it will not believe to bitcoin because once the bitcoin increase they will not profit they are envy to us.
At times it easily cross the round point values, now it seems to struggle hard to cross $4000. Much closer to $4000 is observed on the CMC, now it is at $3992. From my view when it go beyond $4000, we can soon expect good increase in the value reaching $4500+ at the shortest.
full member
Activity: 574
Merit: 100
February 21, 2019, 12:29:25 AM
#52
Only $50 more to reach 4k dollars per bitcoin and it will really happen for sure because it good and nice movemenr of chart now.
But is sad that it turns back few dollars away for targeted $4k. May we could say that, this not really the start for bull runs, it its just hypes and usual market fluctuation, so we can't expect continuous pumps for this quarter. But still we should be positive and I do believe it will be fined the in the coming days. 
traders must be able to remain patient waiting until prices recover and as much as possible do not sell at very cheap prices because the price of bitcoin can potentially be very expensive and even beat the price of gold because the influence of a very limited bitcoin supply can also be a trigger for the high price of bitcoin.
hero member
Activity: 2716
Merit: 552
February 20, 2019, 10:13:23 PM
#51
Only $50 more to reach 4k dollars per bitcoin and it will really happen for sure because it good and nice movemenr of chart now.
But is sad that it turns back few dollars away for targeted $4k.

In case you guys wondering if Bitcoin could really break the $4k mark. Actually it did, 2 times today, maybe it happened so quickly that we didnt noticed that it actually did.

Take a look at this chart.



It may fell back a few dollar, but I am hopefull we could break through $4k slowly.
member
Activity: 490
Merit: 11
Revolutionizing Crypto Payment Solutions
February 20, 2019, 09:46:56 PM
#50
Bitcoin is still running and moving, and this shows that bitcoin is trying to be a good transaction tool online. Bitcoin performance is undoubtedly even though the wheel is spinning but the value of bitcoin remains the best, slowly but surely bitcoin will be able to achieve its goals, we will be able to see that bitcoin is indeed a fast transaction tool that is effective and valuable.
hero member
Activity: 2828
Merit: 518
February 20, 2019, 06:58:54 PM
#49
Only $50 more to reach 4k dollars per bitcoin and it will really happen for sure because it good and nice movemenr of chart now.
But is sad that it turns back few dollars away for targeted $4k. May we could say that, this not really the start for bull runs, it its just hypes and usual market fluctuation, so we can't expect continuous pumps for this quarter. But still we should be positive and I do believe it will be fined the in the coming days. 
STT
legendary
Activity: 4046
Merit: 1447
Catalog Websites
February 20, 2019, 06:41:55 PM
#48
I dont think BTC and gold are that similar but they are both inverse to Dollar strength so I guess thats why they get compared.     BTC is more transactional then gold which is held as a hedge by some and an actual monetary assets by some banks due to its inert nature.    BTC isnt inert, its actively being developed so they arent close in comparison over long term.


I dont find anything wrong with this rise to 4,000 and the way its sticking to the ceiling, or the resistance of 4000 seems quite positive to me.    I dont know the time frame for it to develop but I would expect 4,500 and even 6,000 but I dont think we get to 6000 this month.   Most often we have to shake out people before a bigger rise.   If people decide to be bearish at 6000 then after that rise, I will disagree less then now
hero member
Activity: 1834
Merit: 523
February 20, 2019, 05:18:05 PM
#47
Only $50 more to reach 4k dollars per bitcoin and it will really happen for sure because it good and nice movemenr of chart now.
People don't who don't have bitcoin for sure it will not believe to bitcoin because once the bitcoin increase they will not profit they are envy to us.
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