Bitcoin price will not go above $4,000 - page 4.

justdimin

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Quote from: blockman on February 20, 2019, 12:56:15 AM

I don't agree with you.

I understand where he is speaking from and if you check it from his angle, you will see that he is actually making a point. In 2017 all altcoins in the crypto market followed bitcoin trend in terms of price, once the price of bitcoin goes up, altcoins goes and vice versa. If you also check most of the crypto exchange, they set prices of altcoins in bitcoin/sat.

Maybe in the later future altcoins will be stand-alone but for now they still depend on the price of bitcoin, you can make research if you have doubts.

exstasie

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Quote from: Get-Paid.com on February 20, 2019, 12:02:28 AM

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.

You say the price is "too high" but neglect to say what a fair price is. Everything you say could apply at $100K or $100 and everything in between because they're just perma bearish statements about the fundamentals.

FYI, perma bears have been making statements like these since ~2010. You know what the price was back then? Wink

omonuyak

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Quote from: Get-Paid.com on February 20, 2019, 12:02:28 AM

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.

Actually the small rise is a correction in the market and I do agree with your views but bitcoin is too valuable to remain below $4000. I think bitcoin is far important to our society than gold! People create value for gold and the same people are creating value for bitcoin.

magneto

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Quote from: Get-Paid.com on February 20, 2019, 12:02:28 AM

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.

Bitcoin already breached $4k at one point.

I agree with the fact that the markets are still bearish, and that I expect prices to correct in the short term soon since there simply isn't enough evidence to call this a bullish breakout yet. But I do think that there is a high likelihood that we will get to $4k within this stretch of rallies.

I doubt that looking at gold is a valid comparison since bitcoin has historically not really shown any tangible link to gold price, and I actually think that the fundamentals and potential of bitcoin is much better than gold at the moment. Also, short term price is mostly dictated by the emotions of the market, and I think that there may already be some element of FOMO in this rally already.

Mr.grin

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Quote from: traderethereum on February 20, 2019, 05:44:08 AM

Finally, the price reaches $3900 in this day, and soon we will reach $4k and take a breath for a moment before increase higher. But I am worried if the correction for the price will get down too deep because we are still in a not good position this time. But many of us want to see bitcoin price can increase more than $4k this year and they hope that it will happen before the middle of the year.

don't worry, this year is still so long, and just started. when people say that the price of bitcoin won't reach $ 4k or more, that's not necessarily. even now there are only a few more until the bitcoin price reaches that price. I believe the price of bitcoin can still be much higher

blockman

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Quote from: Get-Paid.com on February 20, 2019, 01:11:33 AM

Quote from: blockman on February 20, 2019, 12:56:15 AM

You are underestimating technology.

Netscape was technology, Altavista was technology, imagine a title like this coming up several years from now:

https://www.quora.com/Why-did-Netscape-Navigator-fail-as-a-browser-Was-Netscape-ever-bought-out

Why did Bitcoin fail as a crypto currency?

Don't get me wrong - we are supporting Crypto - this is a price discussion, not whether or not the technology is useful.

Comparing the sole purpose of Netscape and altavista to bitcoin, you know that their use are different to each other. Are you sure that bitcoin already failed as a cryptocurrency? Well, this isn't new when someone says that bitcoin failed as a crypto or it has died.

It has been said many times.

"We are supporting crypto" then why ask why did bitcoin failed as a crypto currency?

Jating

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Quote from: Ararbermas on February 20, 2019, 04:53:57 AM

Wait for more results mate before you saying anything that can cause and affect on this bitcoin small progress. Indeed you have no strong evidence that can prove about your statement so be quiet! Stop making false speculation especially if you don't have reference about it. It's useless. Lol

Lol, he is entitled to his opinion so be it. No one is forced to listen or believed it. And as you can see everyone is not agreeing with the OP.

Anyhow, let's see, the price is almost at $4K now, the last time I check, only a just like $20, so it's really achievable.

I'm not sure about the gold comparison, bitcoin has it's own path to make and we don't need to compare it to other assets, specially precious metals like gold or even diamonds.

bitbunnny

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Quote from: BeGoods on February 20, 2019, 05:48:51 AM

Quote from: Sanitough on February 20, 2019, 02:44:42 AM

Making a poll would help you to know if how many would agree.
BTC has maybe touched $4,000, which sites you are using as your reference?

it's not a big deal to me, I know one day it will touch over $4K, the patience will remain and we have the full year to do that.
The bull run may come now or not but I'm hoping this year we will see a real bull run.

In case you will add a poll, count my vote as no.

Come on $4k is not an impossible price for bitcoin. You could even say it's very cheap to present bitcoin at this time. prices can rise to $4k at any time. even much higher, so you're just speculating about this, I dare guarantee the price will definitely return to $4k soon

It's not far from 4000$ at the moment but it looks like it's reluctant to cross that value. The other day price begun to rise rather quickly but then stopped and now like is moving back and forth but not over 4000$. I think the price will rise further but untill it doesn't cross 6000$, 7000$ again I will not say that market is recovering.

Teawhalee

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I would have loved if you backed this write up with a technical analysis to prove this. We have seen a lot of correction for the past months and now I don’t feel there will be anymore drop even as people are saying it will happen. But we wil remain optimistic for price increase until other wise.

aad140386

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It seems to me that you do not quite understand the concept of deficiency. Anything can be deficient if demand for it exceeds supply. If someone starts buying up all the shit in the city, then it is quite likely that deficiency may arise on him. The value of the goods is determined by the demand for it from the buyer's side. Therefore, it does not matter that it is gold or bitcoin. If Bitcoin remains with a limited number of coins, it will be even more scarce than gold now, since the Bitcoin limit is already known, and new gold deposits are discovered every 2-3 years.

BeGoods

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Quote from: Sanitough on February 20, 2019, 02:44:42 AM

Making a poll would help you to know if how many would agree.
BTC has maybe touched $4,000, which sites you are using as your reference?

it's not a big deal to me, I know one day it will touch over $4K, the patience will remain and we have the full year to do that.
The bull run may come now or not but I'm hoping this year we will see a real bull run.

In case you will add a poll, count my vote as no.

Come on $4k is not an impossible price for bitcoin. You could even say it's very cheap to present bitcoin at this time. prices can rise to $4k at any time. even much higher, so you're just speculating about this, I dare guarantee the price will definitely return to $4k soon

traderethereum

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Finally, the price reaches $3900 in this day, and soon we will reach $4k and take a breath for a moment before increase higher. But I am worried if the correction for the price will get down too deep because we are still in a not good position this time. But many of us want to see bitcoin price can increase more than $4k this year and they hope that it will happen before the middle of the year.

r1s2g3

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Quote from: Get-Paid.com on February 20, 2019, 12:02:28 AM

Today Gold is stable around $1,350 per ounce ... but Gold is a scarce resource, a physical one ...

Might be you find one more goldmine or get gold in the treasure hunt. How you determined it as a scarce resource? We have no idea of definite supply of the gold.
You look pessimist in btc price but btc is not all about the price only.

Quote from: viet0909 on February 20, 2019, 01:59:36 AM

I agree, but BTC will increase very strongly by the end of 2020. Maybe btc will increase to $ 100,000

Here comes over optimistic.

erikoy

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Well I just hope that your prediction or opinion about the stability of bitcoin market price will goes wrong. I would like to see bitcoin go high and this is the very common thing also to an individual getting involve in cryptocurrency. I doubt that it could stabilize just basing on gold history. Reminders gold is different from Bitcoin.

Wildwest

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Quote from: btc_angela on February 20, 2019, 12:14:21 AM

I thought it did already touch $4k as others have said? Maybe it did but it didn't hold, but we haven't seen any selling and the price remains $3800-$3900 which is a good indication. However, we did touch $20k in 2017, so I wouldn't say that $4k is high. I don't know but I grew tired of hearing bitcoin and gold in one sentence. Wink

that's right, bitcoin has experienced a long correction since 2018, and the increase in bitcoin now in my opinion is a good start for the future, hopefully the bull market will come after this

YasenMax

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Quote from: happy5571 on February 20, 2019, 04:18:58 AM

I don’t think that bitcoin is useless and isn’t any fundamental behind it.
Compared to gold，bitcoins also a scarce resource, its total supply is 21 million.it is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries.
the price of bitcoin will reach or past its historical highs in a few years rather than blow the $4000

bitcoin will fly to the moon，Lol

Ararbermas

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Wait for more results mate before you saying anything that can cause and affect on this bitcoin small progress. Indeed you have no strong evidence that can prove about your statement so be quiet! Stop making false speculation especially if you don't have reference about it. It's useless. Lol

happy5571

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Quote from: mrdeposit on February 20, 2019, 04:27:15 AM

It would be better to talk about these reasons. Indeed, I wondered about them. Because there are always these reasons and will the prices never increase due to them? Staying connected with reasons does not always work in cryptocurrency, already most of us know it since 2017.

yes，it make sense.

mrdeposit

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It would be better to talk about these reasons. Indeed, I wondered about them. Because there are always these reasons and will the prices never increase due to them? Staying connected with reasons does not always work in cryptocurrency, already most of us know it since 2017.

happy5571

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I don’t think that bitcoin is useless and isn’t any fundamental behind it.
Compared to gold，bitcoins also a scarce resource, its total supply is 21 million.it is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries.
the price of bitcoin will reach or past its historical highs in a few years rather than blow the $4000

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