Bitcoin prognosis | Bitcointalksearch.org

CoinsCoinsEverywhere

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Quote from: liseff3 on October 11, 2017, 09:09:19 PM

Quote from: Stellina on September 28, 2017, 07:18:58 PM

Hi guys! What do you think, will bitcoin fall to $ 3000 in the near future?

No, not up to $ 3000!
Overall bitcoiners are either not happy about the price drop.
Downward movement reflects a general decline in the cryptocurrency market.
The price of BTC is struggling to stay above $4K, and current technical indicators are showing the bear run may not be over.

I know that you wrote this before we blasted through $5k, but I would say that at least in the shorter term, things changed when we broke above $4500 a couple days ago as right below that level was where things started to crash from the China issues. A quick run to test $5k made sense, and the breakout today also made sense, IMO. As I think the market may be driven right now by people wanting to hoard as much BTC as possible before the bitcoin gold fork in a couple of weeks (if it happens), I think we might go much higher than the current ~$5300 over the next week or two. In any case, it was great to see a decisive break of the $5k level. While anything is possible, the move's strength would seem to suggest that this was not a false breakout.

liseff3

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Quote from: Stellina on September 28, 2017, 07:18:58 PM

Hi guys! What do you think, will bitcoin fall to $ 3000 in the near future?

No, not up to $ 3000!
Overall bitcoiners are either not happy about the price drop.
Downward movement reflects a general decline in the cryptocurrency market.
The price of BTC is struggling to stay above $4K, and current technical indicators are showing the bear run may not be over.

pabpete

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Quote from: ASHLIUSZ on October 11, 2017, 07:13:52 PM

Quote from: pabpete on October 11, 2017, 06:59:28 PM

You guys talk about segwit2x - of course it is big step for Bitcoin, but only people that are new in crypto-world are affraid about that!
We all know that Bitcoin will stay strong for long time as a King of crypto! Wink

Yes, without any issues bitcoin will stay strong for longer duration. Now this has been a major talk, and now itself can find the users in a dilemma whether to hold or cash it out just because of panic. Trust in and holding is the one that I have planned for, based on the support it has been gaining throughout.

Of course there will be shaking of price, before and maybe after second segwit, but who is staying with crypto longer, know that afraid are only newbies.. Wink

Patience will be rewarded! Only HODL Cheesy

ASHLIUSZ

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Quote from: pabpete on October 11, 2017, 06:59:28 PM

You guys talk about segwit2x - of course it is big step for Bitcoin, but only people that are new in crypto-world are affraid about that!
We all know that Bitcoin will stay strong for long time as a King of crypto! Wink

Yes, without any issues bitcoin will stay strong for longer duration. Now this has been a major talk, and now itself can find the users in a dilemma whether to hold or cash it out just because of panic. Trust in and holding is the one that I have planned for, based on the support it has been gaining throughout.

pabpete

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You guys talk about segwit2x - of course it is big step for Bitcoin, but only people that are new in crypto-world are affraid about that!
We all know that Bitcoin will stay strong for long time as a King of crypto! Wink

CoinsCoinsEverywhere

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Quote from: South Park on October 06, 2017, 05:46:39 PM

Quote from: CoinsCoinsEverywhere on October 05, 2017, 10:29:36 PM

Yeah. And actually that brings up an interesting question: what would happen if we end up with two coins that each receive about half of the mining power currently dedicated to bitcoin? Would the price of each coin be about half of what bitcoin is now, so around $2100-$2200? I guess price and hash rate are going to have to reach some kind of equilibrium after a little bit. Low price and high hash rate are not sustainable, of course.

At the end users are the ones that give value to the blockchain, the miners have the advantage that they were able to get some important businesses on their side, while most other businesses have not taken a stance, so if they convince enough of these businesses then it is possible that users will be forced to use the segwit2x coin.

Hmm, you make a good point--the users/investors really are the ones that determine which fork will survive since they are the ones who decide which fork is going to be worth more. Most of the miners can go in one direction, but if users/investors go in the other, the miners will eventually be forced to follow suit or go bankrupt. And from a user's perspective (and noting that I haven't done a lot of research yet on the consequences of the proposed changes), it seems to me like segwit2x is a good thing. The transaction times are prohibitively slow (if I were to transfer money or buy something, I'd use something faster like LTC), and the fees are way too high. Segwit2x sounds like it tries to improve both of these.

South Park

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Quote from: coinplus on October 06, 2017, 12:25:58 PM

Quote from: Qartersa on September 29, 2017, 04:11:22 AM

If it did, then it's time to sell your house, you car, you yatch, your wife and kids. Then buy bitcoins after that! The price of below $3,000 is quite the steal. I don't think bitcoins are worth less than this. I do even believe that bitcoins could reach $1 per satoshi! That's the best thing we could hope for, but it would happen probably in the future. There isn't enough bitcoins for it to circulate freely from everyone, so I think the supply will never meet the demand.

anything that would actually make bitcoin to get low up to that right now, will cause a lot of buy in and won't stay for long cause so many people who missed the little chance of few weeks ago and did not get to buy, probably like the OP are really praying such scenario will happen.

No one can say for now, but for now, I really doubt and with the little activities I am seeing on the market right now, unless something changes it, we might see another bullish trend very soon.

This is why prices that are really low do not last long, people see the price and immediately think this is a great opportunity to get bitcoin for a price that we may never see ever again and that pushes the demand up and makes the price of bitcoin to go up once again.

South Park

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Quote from: CoinsCoinsEverywhere on October 05, 2017, 10:29:36 PM

Quote from: South Park on October 05, 2017, 05:43:47 PM

Quote from: CoinsCoinsEverywhere on October 04, 2017, 01:42:13 AM

Quote from: South Park on October 03, 2017, 05:41:24 PM

Quote from: player514 on September 30, 2017, 12:51:32 PM

Quote from: South Park on September 30, 2017, 12:34:17 PM

Quote from: Stellina on September 28, 2017, 07:18:58 PM

Hi guys! What do you think, will bitcoin fall to $ 3000 in the near future?

Can it fall? I think it can but it is not going to happen without a good reason, not even all the China FUD was enough to make bitcoin drop that low, but I think the coming fork may have the strength to make the price drop that low, so if you have the money take that opportunity and buy cheap bitcoin.

Or it could be possible that this fork ends up having the same consequences as the last fork we went through. We saw Bitcoin go up significantly actually from the introduction of Bitcoin Cash.

That is a possibility but for the previous fork only a minority of the miners got out of bitcoin to mine bitcoin cash, but in this next fork it seems a great deal of the hash rate may go to segwit2x and that could cause a lot of problems to bitcoin since the network will be very slow due to the difficulty not adjusting immediately after the fork.

Yeah, there seems to be a lot more concern out there about which way the big players are going to go. And it's not just about which way they initially choose to go, but also which way they ultimately choose to go, which may not be the same. If a bunch of entities jump to the new fork, but a bunch refuse, we could end up with a very messy tug-of-war that cause a lot of chaos until things resolve one way or the other. Hopefully the general direction that everyone is going to take will become clear as we approach the fork. Otherwise, we may see a huge selloff prior the fork, if no one has a clue about what's going to happen.

Correct I think at the end it is going to come down to which one of the chains is more profitable, if most of the hash rate can move to segwit2x and obtain profits that way then it is possible that they keep supporting that chain for the long term, but if that is not possible, it is possible we are going to see some miners switching chains once in a while looking for the one where they get the biggest profits.

Yeah. And actually that brings up an interesting question: what would happen if we end up with two coins that each receive about half of the mining power currently dedicated to bitcoin? Would the price of each coin be about half of what bitcoin is now, so around $2100-$2200? I guess price and hash rate are going to have to reach some kind of equilibrium after a little bit. Low price and high hash rate are not sustainable, of course.

At the end users are the ones that give value to the blockchain, the miners have the advantage that they were able to get some important businesses on their side, while most other businesses have not taken a stance, so if they convince enough of these businesses then it is possible that users will be forced to use the segwit2x coin.

coinplus

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Quote from: Qartersa on September 29, 2017, 04:11:22 AM

If it did, then it's time to sell your house, you car, you yatch, your wife and kids. Then buy bitcoins after that! The price of below $3,000 is quite the steal. I don't think bitcoins are worth less than this. I do even believe that bitcoins could reach $1 per satoshi! That's the best thing we could hope for, but it would happen probably in the future. There isn't enough bitcoins for it to circulate freely from everyone, so I think the supply will never meet the demand.

anything that would actually make bitcoin to get low up to that right now, will cause a lot of buy in and won't stay for long cause so many people who missed the little chance of few weeks ago and did not get to buy, probably like the OP are really praying such scenario will happen.

No one can say for now, but for now, I really doubt and with the little activities I am seeing on the market right now, unless something changes it, we might see another bullish trend very soon.

CoinsCoinsEverywhere

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Quote from: South Park on October 05, 2017, 05:43:47 PM

Quote from: CoinsCoinsEverywhere on October 04, 2017, 01:42:13 AM

Quote from: South Park on October 03, 2017, 05:41:24 PM

Quote from: player514 on September 30, 2017, 12:51:32 PM

Quote from: South Park on September 30, 2017, 12:34:17 PM

Quote from: Stellina on September 28, 2017, 07:18:58 PM

Hi guys! What do you think, will bitcoin fall to $ 3000 in the near future?

Can it fall? I think it can but it is not going to happen without a good reason, not even all the China FUD was enough to make bitcoin drop that low, but I think the coming fork may have the strength to make the price drop that low, so if you have the money take that opportunity and buy cheap bitcoin.

Or it could be possible that this fork ends up having the same consequences as the last fork we went through. We saw Bitcoin go up significantly actually from the introduction of Bitcoin Cash.

That is a possibility but for the previous fork only a minority of the miners got out of bitcoin to mine bitcoin cash, but in this next fork it seems a great deal of the hash rate may go to segwit2x and that could cause a lot of problems to bitcoin since the network will be very slow due to the difficulty not adjusting immediately after the fork.

Yeah, there seems to be a lot more concern out there about which way the big players are going to go. And it's not just about which way they initially choose to go, but also which way they ultimately choose to go, which may not be the same. If a bunch of entities jump to the new fork, but a bunch refuse, we could end up with a very messy tug-of-war that cause a lot of chaos until things resolve one way or the other. Hopefully the general direction that everyone is going to take will become clear as we approach the fork. Otherwise, we may see a huge selloff prior the fork, if no one has a clue about what's going to happen.

Correct I think at the end it is going to come down to which one of the chains is more profitable, if most of the hash rate can move to segwit2x and obtain profits that way then it is possible that they keep supporting that chain for the long term, but if that is not possible, it is possible we are going to see some miners switching chains once in a while looking for the one where they get the biggest profits.

Yeah. And actually that brings up an interesting question: what would happen if we end up with two coins that each receive about half of the mining power currently dedicated to bitcoin? Would the price of each coin be about half of what bitcoin is now, so around $2100-$2200? I guess price and hash rate are going to have to reach some kind of equilibrium after a little bit. Low price and high hash rate are not sustainable, of course.

South Park

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I am terrible at Fantasy Football!!!

Quote from: CoinsCoinsEverywhere on October 04, 2017, 01:42:13 AM

Quote from: South Park on October 03, 2017, 05:41:24 PM

Quote from: player514 on September 30, 2017, 12:51:32 PM

Quote from: South Park on September 30, 2017, 12:34:17 PM

Quote from: Stellina on September 28, 2017, 07:18:58 PM

Hi guys! What do you think, will bitcoin fall to $ 3000 in the near future?

Can it fall? I think it can but it is not going to happen without a good reason, not even all the China FUD was enough to make bitcoin drop that low, but I think the coming fork may have the strength to make the price drop that low, so if you have the money take that opportunity and buy cheap bitcoin.

Or it could be possible that this fork ends up having the same consequences as the last fork we went through. We saw Bitcoin go up significantly actually from the introduction of Bitcoin Cash.

That is a possibility but for the previous fork only a minority of the miners got out of bitcoin to mine bitcoin cash, but in this next fork it seems a great deal of the hash rate may go to segwit2x and that could cause a lot of problems to bitcoin since the network will be very slow due to the difficulty not adjusting immediately after the fork.

Yeah, there seems to be a lot more concern out there about which way the big players are going to go. And it's not just about which way they initially choose to go, but also which way they ultimately choose to go, which may not be the same. If a bunch of entities jump to the new fork, but a bunch refuse, we could end up with a very messy tug-of-war that cause a lot of chaos until things resolve one way or the other. Hopefully the general direction that everyone is going to take will become clear as we approach the fork. Otherwise, we may see a huge selloff prior the fork, if no one has a clue about what's going to happen.

Correct I think at the end it is going to come down to which one of the chains is more profitable, if most of the hash rate can move to segwit2x and obtain profits that way then it is possible that they keep supporting that chain for the long term, but if that is not possible, it is possible we are going to see some miners switching chains once in a while looking for the one where they get the biggest profits.

CoinsCoinsEverywhere

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Quote from: doublebit21 on October 04, 2017, 04:39:40 AM

Quote from: Stellina on September 28, 2017, 07:18:58 PM

Hi guys! What do you think, will bitcoin fall to $ 3000 in the near future?

Bitcoin is close to hitting a price that could see a 47 percent correction, according to one analyst, following a huge rally for the cryptocurrency that has led it to record highs. We will see the bottom in start of January, that is when stock markets typically tend to have a correction as well.

Why do you think that the price will hit bottom in January? At least in the US, stock markets have historically tended to drop in the summer months (on average), and some of the worst crashes have occurred in the September-October timeframe. This has led to the “sell in May and go away” adage. Besides, bitcoin marches to the beat of its own drum. I don’t think there’s much correlation between bitcoin and the stock markets of the world. If anything, significant stock drops may lead more people to invest in bitcoin and other cryptos.

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Quote from: Stellina on September 28, 2017, 07:18:58 PM

Hi guys! What do you think, will bitcoin fall to $ 3000 in the near future?

Second opinions? We said weeks and months ago and have repeated it over and over that Bitcoin is fine and will be for quite some time, there hasn't been an issue that has not worked itself out within a week, and, if you watch the markets, you can usually get a return price within 24 hours.

Just want to repeat for everyone that Bitcoin cannot be a failure in long term or short term.

CoinsCoinsEverywhere

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Quote from: doublebit21 on October 04, 2017, 04:39:40 AM

Quote from: Stellina on September 28, 2017, 07:18:58 PM

Hi guys! What do you think, will bitcoin fall to $ 3000 in the near future?

Bitcoin is close to hitting a price that could see a 47 percent correction, according to one analyst, following a huge rally for the cryptocurrency that has led it to record highs. We will see the bottom in start of January, that is when stock markets typically tend to have a correction as well.

I would not go by what a single analyst says. What is his/her reasoning for such a precise prediction? It's important to read what several analysts think, making sure that you pay attention to what both the bulls and the bears have to say. It's important to find balance so you can come to your own logical conclusions that are hopefully as unbiased as possible (though of course there will always be some bias).

Cacingkemi

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Quote from: Stellina on September 28, 2017, 07:18:58 PM

Hi guys! What do you think, will bitcoin fall to $ 3000 in the near future?

BTC has fallen to 3K $ last month of september, this month october BTC will not fall to 3K $. I think like that this week BTC will go down a bit but ride will be high, this month and this year BTC will be up to peak beauty Wink

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Quote from: Ayiranorea on September 29, 2017, 11:45:53 AM

Quote from: CONANEDO on September 29, 2017, 09:01:54 AM

the market now is play by big investors,news,and people's like jamie dimon.we only can take the advantage by their action or maybe loss our BTC because their action.so you can't be sure what will happen in the future,no one can.

As the market now seems to be under the hands of big investors we're in a situation to keep hold of it. Because this manipulation will be found for a short, after which the normal growth begins. Importantly the recovery of bitcoin price is assured even though the future outcome is unpredictable.

Big investors have nothing to do with the price manipulation, instead, the FUDster or people who paid to spread fake news regarding bitcoin have a high chance to manipulate the market by affecting people's thoughts.
If you figure it out, an individual, even so, called big investors will hardly manipulate a market that has really high 24h volume. The most efficient way is by spreading the rumours.

Seansky

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Quote from: Catmony on October 04, 2017, 05:39:12 AM

I think $3000 is still possible for bitcoin if there will be more bans from USA and Russia, chinese ban on bitcoin exchanges have already shown its affect and we can expect even bigger dump when USA and Russia like country will follow chinese decisions.

I doubt if they will ban bitcoin since USA is already taking measures to regulate it. If they were to ban it though in the near future, For sure $3000 dollars is achievable but it happening in the next few weeks would somehow be impossible if not there is no chance of it happening. At the very least, I am sure when btc reach that price, it would go down more than the said price.

Catmony

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I think $3000 is still possible for bitcoin if there will be more bans from USA and Russia, chinese ban on bitcoin exchanges have already shown its affect and we can expect even bigger dump when USA and Russia like country will follow chinese decisions.

hase0278

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Quote from: Stellina on September 28, 2017, 07:18:58 PM

Hi guys! What do you think, will bitcoin fall to $ 3000 in the near future?

I dont think bitcoin will fall to $3000 in the near future. It might stabilize to where it was now since there is not much bad news and good news about bitcoin at the moment that will surely bring upon bitcoin's rise or fall. Although that is the case, even if there is something that will really determine btc price movement in the next coming months, I don't think bitcoin would fall all the way for $3000 unless it would be another repeat of Mt. Gox incident.

doublebit21

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Quote from: Stellina on September 28, 2017, 07:18:58 PM

Hi guys! What do you think, will bitcoin fall to $ 3000 in the near future?

Bitcoin is close to hitting a price that could see a 47 percent correction, according to one analyst, following a huge rally for the cryptocurrency that has led it to record highs. We will see the bottom in start of January, that is when stock markets typically tend to have a correction as well.

Topic: Bitcoin prognosis (Read 1496 times)