Bitcoin will never reach $700 again - page 26.

Bitcoinbro

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Quote from: SquallLeonhart on March 19, 2016, 05:43:35 PM

Bitcoin can reach $700 at the time of halving but not before that, as we have not yet achieved $500 mark so it will take time to cross or reach to the value of $700.

700 US is in fact a very realistic figure. Even for this year. I think we may see this price at the end of the year. Suppose we get another rally like we had last year.
Then 700 will be on the low side.

uki

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Quote from: Herbert2020 on March 19, 2016, 07:16:26 AM

Quote from: uki on March 19, 2016, 05:50:04 AM

Quote from: Hirose UK on March 18, 2016, 08:38:41 PM

Quote from: uki on March 17, 2016, 06:08:51 PM

Of course it is overly optimistic. There are many optimist (or halving-hypers) in this forum now. It looks like the early days of 2015 are long gone. It is terribly easy to write we are going to $1k, but how it matches the reality? I am afraid that this a complete dreamland territory. The last pump in November is a good example. The price touched the $500 target and went down immediately, back to $350. So all the optimist can count is $500-600, due to halving.

it's still March, I think because of halving, the price of bitcoin will rise up to $700 by the end of year, but for $1k, it needs more time in this case.

Try to think about all these who bought between $200 and 300. They will start taking profits as soon as the price exceeds $500. Then you will need really a lot of buyers to hold that level. Would the smart money be buying then? I doubt it.

it is not like those who have bought bitcoin at $200-$300 are going to start dumping as soon as price hit $500 and leave bitcoin scene forever. it would be the same as $400 and so on. some are selling and some don't. and those who sell buy back again with higher prices.

People who got nearly 100% gain are likely to take profits. Some won't sell due the greed, waiting for the price to rise even more. But once the sell-off starts, they will add fuel to the fire. You seem to miss one important point I made however. In order to keep the price going up you need a constant inflow of new buyers at the higher levels. I don't see that this easily, especially if price jumps to $500-600, without fundamental developments to justify and support it.

SquallLeonhart

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Bitcoin can reach $700 at the time of halving but not before that, as we have not yet achieved $500 mark so it will take time to cross or reach to the value of $700.

Herbert2020

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Quote from: uki on March 19, 2016, 05:50:04 AM

Quote from: Hirose UK on March 18, 2016, 08:38:41 PM

Quote from: uki on March 17, 2016, 06:08:51 PM

Of course it is overly optimistic. There are many optimist (or halving-hypers) in this forum now. It looks like the early days of 2015 are long gone. It is terribly easy to write we are going to $1k, but how it matches the reality? I am afraid that this a complete dreamland territory. The last pump in November is a good example. The price touched the $500 target and went down immediately, back to $350. So all the optimist can count is $500-600, due to halving.

it's still March, I think because of halving, the price of bitcoin will rise up to $700 by the end of year, but for $1k, it needs more time in this case.

Try to think about all these who bought between $200 and 300. They will start taking profits as soon as the price exceeds $500. Then you will need really a lot of buyers to hold that level. Would the smart money be buying then? I doubt it.

it is not like those who have bought bitcoin at $200-$300 are going to start dumping as soon as price hit $500 and leave bitcoin scene forever. it would be the same as $400 and so on. some are selling and some don't. and those who sell buy back again with higher prices.

romero121

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With the gradual increase bitcoin will reach the $700 tag within few months as most has speculated that halving happens within few weeks.

uki

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Quote from: Hirose UK on March 18, 2016, 08:38:41 PM

Quote from: uki on March 17, 2016, 06:08:51 PM

Of course it is overly optimistic. There are many optimist (or halving-hypers) in this forum now. It looks like the early days of 2015 are long gone. It is terribly easy to write we are going to $1k, but how it matches the reality? I am afraid that this a complete dreamland territory. The last pump in November is a good example. The price touched the $500 target and went down immediately, back to $350. So all the optimist can count is $500-600, due to halving.

it's still March, I think because of halving, the price of bitcoin will rise up to $700 by the end of year, but for $1k, it needs more time in this case.

Try to think about all these who bought between $200 and 300. They will start taking profits as soon as the price exceeds $500. Then you will need really a lot of buyers to hold that level. Would the smart money be buying then? I doubt it.

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Quote from: uki on March 17, 2016, 06:08:51 PM

Quote from: cooldgamer on March 17, 2016, 04:44:04 PM

Quote from: umaOuma on March 17, 2016, 04:42:01 PM

Quote from: CryptoBjorn on March 17, 2016, 03:57:24 PM

The bitcoin will reach the amount of the 700 dollar, because of the halving that is coming this year it will be a easy target.
I even think it will go to a higher amount this year so around the 1k.

There are full possibilities that bitcoin can cross $1k mark by the end of this year, as haling is coming which will help to improve the price of bitcoin.

That seems a bit overly optimistic. Even with the halving factored in, a clean double of the price right now would still leave us $200 away from that target. Considering the fact that lots of bagholders from the last big pump will be dumping all the way, it's going to take a lot of work to make that happen.

Of course it is overly optimistic. There are many optimist (or halving-hypers) in this forum now. It looks like the early days of 2015 are long gone. It is terribly easy to write we are going to $1k, but how it matches the reality? I am afraid that this a complete dreamland territory. The last pump in November is a good example. The price touched the $500 target and went down immediately, back to $350. So all the optimist can count is $500-600, due to halving.

it's still March, I think because of halving, the price of bitcoin will rise up to $700 by the end of year, but for $1k, it needs more time in this case.

B!tcoinL0ver

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i think it's easy to reach $1000 in this year

trenchflaint

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Quote from: angaper on March 17, 2016, 06:12:51 PM

We all know that it is a bit hard to ensure with certainty the future behavior of bitcoin price because of the multiple variables (and questions to solve) behind every market price, but I think it is just a matter of time to reach that price again, I think at the end of this year it could occur.

Its really possible for us to reach 700 this coming months or by the end of the year,the main factor for the bitcoin price to go up is the halving.

angaper

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We all know that it is a bit hard to ensure with certainty the future behavior of bitcoin price because of the multiple variables (and questions to solve) behind every market price, but I think it is just a matter of time to reach that price again, I think at the end of this year it could occur.

uki

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Quote from: cooldgamer on March 17, 2016, 04:44:04 PM

Quote from: umaOuma on March 17, 2016, 04:42:01 PM

Quote from: CryptoBjorn on March 17, 2016, 03:57:24 PM

The bitcoin will reach the amount of the 700 dollar, because of the halving that is coming this year it will be a easy target.
I even think it will go to a higher amount this year so around the 1k.

There are full possibilities that bitcoin can cross $1k mark by the end of this year, as haling is coming which will help to improve the price of bitcoin.

That seems a bit overly optimistic. Even with the halving factored in, a clean double of the price right now would still leave us $200 away from that target. Considering the fact that lots of bagholders from the last big pump will be dumping all the way, it's going to take a lot of work to make that happen.

Of course it is overly optimistic. There are many optimist (or halving-hypers) in this forum now. It looks like the early days of 2015 are long gone. It is terribly easy to write we are going to $1k, but how it matches the reality? I am afraid that this a complete dreamland territory. The last pump in November is a good example. The price touched the $500 target and went down immediately, back to $350. So all the optimist can count is $500-600, due to halving.

uki

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Quote from: MF Doom on March 17, 2016, 08:15:26 AM

I think even a significant change in the economy wont necessarily be big for btc. I mean look at what happened in Greece. People tried to bring a bunch of btc atms into the country, but it was too little too late.

And you really think in an economic emergency situation people will be thinking "how can I get my hands on some bitcoin?" I doubt it. People will be raiding grocery stores, etc. Some may buy some btc, but it wont be enough to jump the price.

That is true. Too many end day believers in this forum is not seeing this fact correctly. In the event of sudden economy meltdown Bitcoins are the last thing you could use to get your groceries.

DeathAngel

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Bit of a silly OP, there's no way anybody can guarantee we won't see 700 USD bitcoin's. I'm pretty sure we certainly will.

When?

I don't know but pretty sure it'll happen in the next 12-24 months.

equator

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Quote from: cooldgamer on March 17, 2016, 04:44:04 PM

Quote from: umaOuma on March 17, 2016, 04:42:01 PM

Quote from: CryptoBjorn on March 17, 2016, 03:57:24 PM

The bitcoin will reach the amount of the 700 dollar, because of the halving that is coming this year it will be a easy target.
I even think it will go to a higher amount this year so around the 1k.

There are full possibilities that bitcoin can cross $1k mark by the end of this year, as haling is coming which will help to improve the price of bitcoin.

That seems a bit overly optimistic. Even with the halving factored in, a clean double of the price right now would still leave us $200 away from that target. Considering the fact that lots of bagholders from the last big pump will be dumping all the way, it's going to take a lot of work to make that happen.

I totally agree with you as i have seen in this forum that most of the user 80% are waiting for Halving so that the price can reach to high and then they will sell it, so i think even if the price jumps on after halving finished their will be full selling pressure which will kill the price going to more high target. Maximum i think before halving the price will jump to $550 and we can see the price of nearly $800 on halving finish then their will be full selling pressure and price will come down

cooldgamer

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Quote from: umaOuma on March 17, 2016, 04:42:01 PM

Quote from: CryptoBjorn on March 17, 2016, 03:57:24 PM

The bitcoin will reach the amount of the 700 dollar, because of the halving that is coming this year it will be a easy target.
I even think it will go to a higher amount this year so around the 1k.

There are full possibilities that bitcoin can cross $1k mark by the end of this year, as haling is coming which will help to improve the price of bitcoin.

That seems a bit overly optimistic. Even with the halving factored in, a clean double of the price right now would still leave us $200 away from that target. Considering the fact that lots of bagholders from the last big pump will be dumping all the way, it's going to take a lot of work to make that happen.

umaOuma

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Quote from: CryptoBjorn on March 17, 2016, 03:57:24 PM

The bitcoin will reach the amount of the 700 dollar, because of the halving that is coming this year it will be a easy target.
I even think it will go to a higher amount this year so around the 1k.

There are full possibilities that bitcoin can cross $1k mark by the end of this year, as haling is coming which will help to improve the price of bitcoin.

CryptoBjorn

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The bitcoin will reach the amount of the 700 dollar, because of the halving that is coming this year it will be a easy target.
I even think it will go to a higher amount this year so around the 1k.

richardsNY

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Quote from: peta4e on March 17, 2016, 02:22:48 PM

Quote from: rekinthis on March 17, 2016, 02:01:33 PM

Quote from: 7Priest7 on March 17, 2016, 01:54:34 PM

Quote from: BlackSpidy on March 07, 2016, 08:33:13 PM

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.

well why you say that it won't go to 700$ again, it's not too far, 430$ at this moment and price rises only, also don't forget about China, and of course halving, which will rise price, so if we'll have, lets say, 500$ before halving, one week after halving price should be atleast 650$, so 700$ is pretty realistic

well you're right after halving it may happen, but who told you that it won't fall down again to 500$ after halving? bitcoin users will sell their bitcoins and price will fall anyway after halving so it can happen, but it may fall too so i think that bitcoin may never go to 700$

It can go there at the time of halving but it won't be stable for a longer period of time, as people will sell their coins if they see that higher price and will result in price drop.

I think this as well. People right now are collecting and saving up as many Bitcoins as they can as they believe the block halving will result in a significantly higher price. If they indeed see a much higher price, then a lot people will secure profits. And that will result in the price going down again. I just hope it will not go down to the current price levels again.

peta4e

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Quote from: rekinthis on March 17, 2016, 02:01:33 PM

Quote from: 7Priest7 on March 17, 2016, 01:54:34 PM

Quote from: BlackSpidy on March 07, 2016, 08:33:13 PM

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.

well why you say that it won't go to 700$ again, it's not too far, 430$ at this moment and price rises only, also don't forget about China, and of course halving, which will rise price, so if we'll have, lets say, 500$ before halving, one week after halving price should be atleast 650$, so 700$ is pretty realistic

well you're right after halving it may happen, but who told you that it won't fall down again to 500$ after halving? bitcoin users will sell their bitcoins and price will fall anyway after halving so it can happen, but it may fall too so i think that bitcoin may never go to 700$

It can go there at the time of halving but it won't be stable for a longer period of time, as people will sell their coins if they see that higher price and will result in price drop.

rekinthis

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Quote from: 7Priest7 on March 17, 2016, 01:54:34 PM

Quote from: BlackSpidy on March 07, 2016, 08:33:13 PM

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.

well why you say that it won't go to 700$ again, it's not too far, 430$ at this moment and price rises only, also don't forget about China, and of course halving, which will rise price, so if we'll have, lets say, 500$ before halving, one week after halving price should be atleast 650$, so 700$ is pretty realistic

well you're right after halving it may happen, but who told you that it won't fall down again to 500$ after halving? bitcoin users will sell their bitcoins and price will fall anyway after halving so it can happen, but it may fall too so i think that bitcoin may never go to 700$

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