Bitcoin prognosis - page 2. | Bitcointalksearch.org

Sir Cross

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Quote from: aardvark15 on September 29, 2017, 06:44:06 AM

Quote from: Stellina on September 28, 2017, 08:18:58 PM

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

There's no way to know if Bitcoin will drop back to $3000, but I would not be surprised if it did. We could be in a period of time where the price fluctuates in a range and it could drop to $3000 or below. It's also possible that the price never drops that low again. It depends on various factors including supply and demand, the economy, and current news about Bitcoin. The issues with China leave a lot of uncertainty for many people that makes me think we aren't going to see the price go up to $5000 for a while.

For the price of bitcoin to go down to $3000, it would probably take drastic changes or devastating news for such to happen. I also agree that it would be far from possible for the bitcoin price to get as low as that. So far, the bitcoin price is now recovering and hopefully the boundary would stay at that. It may take some time for the price to go up to $5000, I believe that it will experience some dips first especially with the upcoming hard fork this November.

CoinsCoinsEverywhere

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Quote from: South Park on October 03, 2017, 06:41:24 PM

Quote from: player514 on September 30, 2017, 01:51:32 PM

Quote from: South Park on September 30, 2017, 01:34:17 PM

Quote from: Stellina on September 28, 2017, 08:18:58 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.

South Park

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Quote from: player514 on September 30, 2017, 01:51:32 PM

Quote from: South Park on September 30, 2017, 01:34:17 PM

Quote from: Stellina on September 28, 2017, 08:18:58 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.

1Referee

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Quote from: InvoKing on October 01, 2017, 05:27:38 PM

For the moment i think price will stabilise between $4300-4400 for a while before rising again then maybe a second huge dump will happens.

It depends. It may very well be that people are buying themselves into Bitcoin for the upcoming chain split this month. The same has basically happened in the runup to Bitcoin Cash, and that while a whole lot of people were looking at the 1st of August as being the much feared dooms day. If this is the reason the price is bouncing up, then we may indeed see an insignificant dump (10-15%) at a later point. It's always smart money that moves this market, and rightfully so.

Quote from: InvoKing on October 01, 2017, 05:27:38 PM

I don't think many people will sell at the current rate.

Noobs will. They just need a push in form of an announcement from China to sell their stash like there is no tomorrow. From their perspective China is the main reason Bitcoin has value in the first place, so if something is about to happen with Bitcoin in China, then they will definitely let themselves go and sell. This is something that will likely never change, unless China 'bans' Bitcoin entirely.

InvoKing

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Quote from: Stellina on September 28, 2017, 08:18:58 PM

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

For the moment i think price will stabilise between $4300-4400 for a while before rising again then maybe a second huge dump will happens.
I don't think many people will sell at the current rate.

cyberChevan

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Quote from: Stellina on September 28, 2017, 08:18:58 PM

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

There is a possibility. I think this will occur as we approach the date when the possible Bitcoin hardfork will commence. This is because some whales will trigger a big dump that would cause weak holders to panic sell. We will see many FUDs and they are inevitable. However, this event will happen just for a short while, maybe several days or a week and we will see Bitcoin again soaring up high and might break another ATH.

Nahl

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bitcoin fall to $3000 in the near future which mean you're attempts to linked bitcoin price after hardfork but it's too early to predict the price because currently still $4000 above but indeed the price probably dropped in the near of hardfork date but i personally expect the dropped not so fast and there is a good time to buy while the price dropped

CoinsCoinsEverywhere

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Quote from: player514 on October 01, 2017, 03:59:25 AM

Quote from: CoinsCoinsEverywhere on October 01, 2017, 01:57:58 AM

Quote from: Qartersa on September 29, 2017, 05:11:22 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.

Awesome--after seeing another thread questioning whether 1 satoshi could eventually being worth a penny, I thought to myself, why a penny? Let's go completely nuts and hope for $1/satoshi someday. As great as this would be for those of use who are holding bitcoins, I don't think this will happen in our lifetimes unless A) medicine advances enough that our lives are much longer, or B) USD goes down the toilet and is worth far far less than it is today (not an impossible scenario). We're talking a market cap of ~20M bitcoins x 100M sat/bitcoin x $1/sat = $2000T = $2 quadrillion. Shocked

I feel like that would be way too far for a currency that doesn't have a legitimate backing behind it. The market cap for Bitcoin currently is very high. It's possible that one satoshi could be worth a dollar one day, but that day is most likely not going to come in the next decade. If it ever comes, it will come when cryptocurrency is used globally as a standard beyond fiat. At that point, we don't even know if bitcoin will be the surviving coin.

Indeed. I just looked up the total market capitalization of all major stock markets throughout the world. The sum is around $69T (http://www.visualcapitalist.com/all-of-the-worlds-stock-exchanges-by-size/). $1/sat would put bitcoin close to 30 times that, so yeah, not happening anytime soon at all. And you also make a good point that bitcoin may get "voted off the island" eventually. It's still riding its claim as the first cryptocurrency to ever higher prices, but there's better technology out there.

player514

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Quote from: CoinsCoinsEverywhere on October 01, 2017, 01:57:58 AM

Quote from: Qartersa on September 29, 2017, 05:11:22 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.

Awesome--after seeing another thread questioning whether 1 satoshi could eventually being worth a penny, I thought to myself, why a penny? Let's go completely nuts and hope for $1/satoshi someday. As great as this would be for those of use who are holding bitcoins, I don't think this will happen in our lifetimes unless A) medicine advances enough that our lives are much longer, or B) USD goes down the toilet and is worth far far less than it is today (not an impossible scenario). We're talking a market cap of ~20M bitcoins x 100M sat/bitcoin x $1/sat = $2000T = $2 quadrillion. Shocked

I feel like that would be way too far for a currency that doesn't have a legitimate backing behind it. The market cap for Bitcoin currently is very high. It's possible that one satoshi could be worth a dollar one day, but that day is most likely not going to come in the next decade. If it ever comes, it will come when cryptocurrency is used globally as a standard beyond fiat. At that point, we don't even know if bitcoin will be the surviving coin.

CoinsCoinsEverywhere

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Quote from: Qartersa on September 29, 2017, 05:11:22 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.

Awesome--after seeing another thread questioning whether 1 satoshi could eventually being worth a penny, I thought to myself, why a penny? Let's go completely nuts and hope for $1/satoshi someday. As great as this would be for those of use who are holding bitcoins, I don't think this will happen in our lifetimes unless A) medicine advances enough that our lives are much longer, or B) USD goes down the toilet and is worth far far less than it is today (not an impossible scenario). We're talking a market cap of ~20M bitcoins x 100M sat/bitcoin x $1/sat = $2000T = $2 quadrillion. Shocked

Pab

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I see chance that price will attack 5k$ one time again
It is even logic,becouse before that China fud btc was traded at 4200$-4400$ after correct
So 5000$ untill the end of november is possible i guess

player514

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Quote from: South Park on September 30, 2017, 01:34:17 PM

Quote from: Stellina on September 28, 2017, 08:18:58 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.

aardvark15

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Quote from: South Park on September 30, 2017, 01:34:17 PM

Quote from: Stellina on September 28, 2017, 08:18:58 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.

If something official comes out of China about banning Bitcoin, I think it the price will drop temporarily and possibly to $3000. But I think Bitcoin will recover and get back to $5000 next year.

Issues with China won't have a permanent affect on Bitcoin and I don't think the Chinese government can stop Bitcoin even in their country. Bitcoin is established enough now to overcome those issues.

South Park

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Quote from: Stellina on September 28, 2017, 08:18:58 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.

dothebeats

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No significant news to drive the price down, so that would be improbable at the moment. If there's any change in the general trend for the past few weeks, that is the turn towards higher highs after a bloody sell out caused by the China bans and whatnot. The next few weeks would be green, but I'm still not certain how will we fare come last week of October and early November.

Also got that new entry @ $3500, so I guess I'm safe for now.

Ayiranorea

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Quote from: CONANEDO on September 29, 2017, 10:01:54 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.

loda.doa

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I think nobody wants Bitcoin price goes down. Actually it is growing again

manselr

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Quote from: pabpete on September 29, 2017, 06:02:45 AM

Quote from: kachimasu on September 29, 2017, 05:25:07 AM

If there is some important CEO saying that bitcoin is a scam or worth nothing it may fall, but will always get up, that's the beauty

CEO of what? From time to time people trying to beat the price by talking that BTC is scam. It is free market and open source code, so everyone who have brain know what that mean.

After this last hard fall to $3000 i'm sure there is no way to repeat this price. The worst what can happen is $3500 - $3600

I guess he is talking about Jamie Dimon (CEO of JP Morgan) saying how Bitcoin is a fraud.

We've had Wolf of Wall Street himself saying recently that Bitcoin was a fraud too. A lot of people seem to want to get their personally timed dip to buy at the right time. Too bad it didn't work for Mr Belfort because the price is going to $5000 in a matter of days now.

CONANEDO

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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.

pedrog

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I was hoping so, with the Chinese exchanges closing there would be another big dip but market is very strong, and bullish.

It seems we're going higher and higher.

Topic: Bitcoin prognosis - page 2. (Read 1467 times)