Topic: Bitcoin To Soon Reach $1700 - page 6. (Read 5061 times)
Right now it is $1475 per coin in Coinbase / Bitstamp. We may reach $1,500 shortly. And those who made their investment at this point are unlikely to dump their coins before the exchange rates reach $2,000 per coin.
we can not tell if its a bubble or natural growth but the bitcoin price keeps going up without resistance and we are more likely to breach the
Current price is overbought, that's for sure. Natural growth takes a reasonable amount of time to reflect in the price, and currently, you can't really talk about natural growth. It's pure speculation and a few other factors that might play an important role. It might be that certain market movers and other traders take positions into Bitcoin because of the ETF review this month that they highly value. It might be Bitfinex traders desperately buying BTC at all cost to cash out their funds.
It is now a bubble, when will bubble burst? You never know.
Keep fingers crossed now and hope that it keeps climbing.
Keep fingers crossed now and hope that it keeps climbing.
Sorry but I strongly disagree!
Bitcoin is far away from being in a bubble. We move up and correct a bit. Higher highs and higher lows is the result. That's healthy growth.
But altcoins are 100% in a bubble! And that bubble will burst sooner or later.
And this could take bitcoin a bit down as well, while alts will completely get crashed. Or this then could trigger a new massive bitcoin bubble because everybody is shifting to Bitcoin.
But right now Bitcoin is doing pretty good.
price of $1700 this year
It is now a bubble, when will bubble burst? You never know.
Keep fingers crossed now and hope that it keeps climbing.
Keep fingers crossed now and hope that it keeps climbing.
Sorry but I strongly disagree!
Bitcoin is far away from being in a bubble. We move up and correct a bit. Higher highs and higher lows is the result. That's healthy growth.
But altcoins are 100% in a bubble! And that bubble will burst sooner or later.
And this could take bitcoin a bit down as well, while alts will completely get crashed. Or this then could trigger a new massive bitcoin bubble because everybody is shifting to Bitcoin.
But right now Bitcoin is doing pretty good.
The recent surge in the price in btc in my opinion is caused by the colapse in price in all of the alt markets. People saw that the price of bitcoin had risen caused probably by the massive btc withdrawals from bitfinex and sold their alts and bought btcs. Its a self fulfiling prophecy of the rise in btc at the cost of alts price.
The price in my opinion won't rise to 1700. I give 10% chances that it will reach that price. In my opinion the 1500 is the get go price.
The price in my opinion won't rise to 1700. I give 10% chances that it will reach that price. In my opinion the 1500 is the get go price.
Key factors behind Bitcoin's price rise:
1. Rising demand from Japan - but it might be temporary fade that is just going to go away?
For know Japan is testing this new technology and it might be only a flavor of the month kind of thing.
2. No bad news is a good news for Bitcoin and it created cautious optimism in the air.
I don't see any other direct news/factors influencing the price.
1. Rising demand from Japan - but it might be temporary fade that is just going to go away?
For know Japan is testing this new technology and it might be only a flavor of the month kind of thing.
2. No bad news is a good news for Bitcoin and it created cautious optimism in the air.
I don't see any other direct news/factors influencing the price.
I agree the price will soon reach the $1700 don't even need to wait for the end of the month, maybe the problem is whether prices will continue to rise? I'm not sure because after reaching the $1700 will drop again.
lets not get hasty and ahead of ourselves. price is not in $1400 range an there is a <$300 gap to reach $1700 so it won't be "soon" for sure. unless by soon you mean in 6 months then that is a more possible speculation.
although I should add that these days the rising speed depends on a lot of factors. it is not just the regular slow $100 rise each month or so. but now there are a lot of good news, some of them hyped up more than they should, which are contributing to this rise.
we now have 2 big countries which adopted bitcoin (Japan) or at least shown more flexible attitude towards it (Russia). and that was the spark this rise needed.
although I should add that these days the rising speed depends on a lot of factors. it is not just the regular slow $100 rise each month or so. but now there are a lot of good news, some of them hyped up more than they should, which are contributing to this rise.
we now have 2 big countries which adopted bitcoin (Japan) or at least shown more flexible attitude towards it (Russia). and that was the spark this rise needed.
I think the reason comes from japan. Japan has proposed a bill for making bitcoin completely legal in the country. Due to this many people are buying it. More the demand, more the price.
Looks to be easily reachable in a month later, end of may I'm sure prices will reach $1700 and will never again drop below $1400.
I'm sure, soon the bitcoin price will reach $ 1700. Perhaps within 1 or 2 months the bitcoin price will almost reach that price, or reach $ 1700.
It can easily attain that figure, as most of the alts are overvalued right now. When the alt bubble bursts, a lot of money from these coins are going to flow towards BTC. Right now, BTC is having a market cap of 61% of the total crypto. I expect it to increase to around 80% in the short term.
those money didn't went to bitcoin for a reason, they are on the alt to allow investors to pull off more bitcoin, and it doesn't matter how many bubble will burst in the alt scene, new one will always emerge
the altsection is the last beach to acquire tons of bitcoin with little investment, high risky yes, but for now there is only huge profit
i believe bitcoin can rise much higher without waiting for that money to return there, who is not familiar with the alt will invest directly in bitcoin who want more risk in the altscene
so the current value is not lower because they are investing in the altcoin, it's just the way the thing work here
It is now a bubble, when will bubble burst? You never know.
Keep fingers crossed now and hope that it keeps climbing.
Keep fingers crossed now and hope that it keeps climbing.
If you see the price of bitcoin now its around $1450 and I think the price of $1700 each bitcoin have possible to reach. I think maybe next week it might been happen or maybe 2 weeks more its depends on the demand and the supply. Im very shocked because last few days ago the price is $1300 and the price increasing fastly. And I hope the price increase everyday . Buy more bitcoin and hold it to make a lot of money.
I'm sure, soon the bitcoin price will reach $ 1700. Maybe this will not be as long as we thought as before. Perhaps within 1 or 2 months the bitcoin price will reach $ 1700, or it may almost reach that price.
The recent spike (~40%) can be solely attributed to the demand from Japan. The market cap of Bitcoin increased by almost $10 billion, after Japan accepted BTC as a legal form of payment. Imagine what could happen, if the Bitcoin receives such a recognition from the United States.
Bitcoin may have breached $1,500 but looking at its movement, its having a hard time moving further like something is pulling the price back to $1,400
I looking at the price of Bitcoin while I work in my office and its a mix of emotions just by looking at it. Its good to see it surpassed ATH, its bad that I don't have enough in my stash anymore since I sold them but its not too late to buy at $1,480 and sell at $1,580 or higher.
I looking at the price of Bitcoin while I work in my office and its a mix of emotions just by looking at it. Its good to see it surpassed ATH, its bad that I don't have enough in my stash anymore since I sold them but its not too late to buy at $1,480 and sell at $1,580 or higher.
I'm sure, soon the bitcoin price will reach $ 1700. Maybe this will not be as long as we thought as before. Perhaps within 1 or 2 months the bitcoin price will reach $ 1700, or it may almost reach that price.
It is absolutely possible to go to that level and I am sure it will soon reach it,the question is how much time it will take.It seems like BTC is on a run right now and who knows where it can go to as there are a lot of news which are positive and countries start accepting it officially.I think hardly anyone can predict what will happen from now on and it will be nice to see how the events affect BTC
That price is so easy for bitcoin to reach because i think the next price that we will break is the 2000 USD price for 1 bitcoin. The price is rising so fast and i'm so surprised because i'm expecting that the bitcoin price will reach 1500 USD in the 8 month of the year but now it already touches the price and soon the 2000 USD price will be the next.
It can easily attain that figure, as most of the alts are overvalued right now. When the alt bubble bursts, a lot of money from these coins are going to flow towards BTC. Right now, BTC is having a market cap of 61% of the total crypto. I expect it to increase to around 80% in the short term.
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