Topic: Bitcoin will never reach $700 again - page 16. (Read 25254 times)
Now i think we can think bitcoin could reach $700 after the price rise to $535 only in a weeks maybe after halving bitcoin would stay on the price $700
There will be of course a chance that it can reach the $700 and that would be so nice because then there will be a lot of people that is going to use Bitcoin so that would be perfect. But you never know what can happen with the value and that is the problem with Bitcoin, so you just have to wait and see for what will happen.
We may see this price at the time of halving or may be even better if everything moves positive till we reach to the halving, my expectations are $800 at halving.
As I deal with CAD.. ya it just pasted $700... ahhh yaaaaaaaaa.
At this point... I would find it very hard to believe we don't touch $700 usd again.
At this point... I would find it very hard to believe we don't touch $700 usd again.
There will be of course a chance that it can reach the $700 and that would be so nice because then there will be a lot of people that is going to use Bitcoin so that would be perfect. But you never know what can happen with the value and that is the problem with Bitcoin, so you just have to wait and see for what will happen.
Bitcoin has only a potential to grow beacuse when more people start using it the demand goes up, automaticly the price goes up as seen in the last few days.
according to google trends, search interest in bitcoin is rising as well.
price and search interest have a history of being closely related, although it's debatable which one is driving which (but i think they drive each other).
As in, more people search for bitcoin and get interested, means more people buy it, means the price rises, means more people get interested which means more people buy it, etc.
Search interest most probably mean adoption in general, not just demand. And as we've seen over the past years, adoption ain't linear with price, what affects price mostly is investor trust - something very easily influenced by media.
There would be of course a time that it can reach that high value and that is because we also know that the value is going to be more worth so that is really nice if that happens.
But we need all the patience for it if we want to earn some money with it and that can be really bad of course.
But we need all the patience for it if we want to earn some money with it and that can be really bad of course.
Bitcoin has only a potential to grow beacuse when more people start using it the demand goes up, automaticly the price goes up as seen in the last few days.
according to google trends, search interest in bitcoin is rising as well.
price and search interest have a history of being closely related, although it's debatable which one is driving which (but i think they drive each other).
As in, more people search for bitcoin and get interested, means more people buy it, means the price rises, means more people get interested which means more people buy it, etc.
I think OP meant bitcoin will never be as low as $700 again.
Give it a few months, and this will become true.
Give it a few months, and this will become true.
Agreed, once bitcoin will cross $700 then we will never see that low price again as price will keep on moving up and we need to positive about it.
Well bitcoin reaches $700 only if the growth continues, but in reality we can't expect this to happen all time. Only at certain instances like the present the growth might take place. So to reach $700 it takes time.
Bitcoin has only a potential to grow beacuse when more people start using it the demand goes up, automaticly the price goes up as seen in the last few days.
I think OP meant bitcoin will never be as low as $700 again.
Give it a few months, and this will become true.
Give it a few months, and this will become true.
Agreed, once bitcoin will cross $700 then we will never see that low price again as price will keep on moving up and we need to positive about it.
Well bitcoin reaches $700 only if the growth continues, but in reality we can't expect this to happen all time. Only at certain instances like the present the growth might take place. So to reach $700 it takes time.
This is why I have liquidated my position in Bitcoins. There is very little upside going forward. Block size limit is too low. No forward moves of late have any traction whatsoever and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.
So how did your dollars perform?
His USD performed well against other major currencies. But it performed badly against bitcoin recently.
This is why I have liquidated my position in Bitcoins. There is very little upside going forward. Block size limit is too low. No forward moves of late have any traction whatsoever and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.
So how did your dollars perform?
I think OP meant bitcoin will never be as low as $700 again.
Give it a few months, and this will become true.
Give it a few months, and this will become true.
Agreed, once bitcoin will cross $700 then we will never see that low price again as price will keep on moving up and we need to positive about it.
I think OP meant bitcoin will never be as low as $700 again.
Give it a few months, and this will become true.
Give it a few months, and this will become true.
Mark my words $700 will be the price at the of halving and we are moving towards it positively so I don't thin we have to worry about that.
You could be right if we can hold 500 dollars this week. The price went from 558 to 520 now which means people are massively selling dumping their bitcoins. But i do feel there is enough
buy support to hold 500 dollars.
Which means 600 or even 700 before the halving, although you have to be really optimistic about that.
Yeah we need to be optimistic and realistic too, but now we will see some good price at halving for sure, as we were hoping to see $500 at halving which we saw at very early stage so anything is possible.
Mark my words $700 will be the price at the of halving and we are moving towards it positively so I don't thin we have to worry about that.
Your words are marked.
I personally am happy with any price above $500 at the time the block halving takes place. If it is $600 then it's great! If it's $700 then it's even greater! My guess is that the price just before the block halving sits in the range of $550-$600 Bitfinex exchange rate. Mark my words $700 will be the price at the of halving and we are moving towards it positively so I don't thin we have to worry about that.
You could be right if we can hold 500 dollars this week. The price went from 558 to 520 now which means people are massively selling dumping their bitcoins. But i do feel there is enough
buy support to hold 500 dollars.
Which means 600 or even 700 before the halving, although you have to be really optimistic about that.
Mark my words $700 will be the price at the of halving and we are moving towards it positively so I don't thin we have to worry about that.
Like always these DEFINITIVE statements are gonna be pissed all over eventually. It's time people gave this shit up.
The bitcoin price is $620 in some Chinese exchanges. It seems the price could reach $700 in the July or August.
Probably yes if this volume is maintained.
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