Bitcoin will never reach $700 again - page 34.

7788bitcoin

legendary

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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.

I agree that the blocksize debate has been limiting the increase in bitcoin price, even with the up-coming reward halving.

However, if you believe in the purpose and objective of Satoshi creating bitcoin (I do believe), the blocksize issue will eventually be solved and you will expect the value of bitcoin in increase significantly.

Have faith and remain active to contribute to the growth!

Pab

legendary

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Maybe but will reach 650$ maybe even in April than we can talk next but move to dollar will be not rates rise
dollar will lose not to euro but to gold and btc

jt byte

hero member

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I think you are wrong, the bitcoin is firstly not to predict so that is one reason why I'm not thinking the same.
Another reason is that the halving is coming and because of that it can reach this amount easily I'm very sure of that.
The last reason is you have to keep in mind the bitcoin is growing and the number of people that are investing is also so that is another one why it would be reached.

The Sceptical Chymist

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Top Crypto Casino

If I may be so bold, sir, what was the value of the position you liquidated?

I don't necessarily agree with your position. I think we could definitely go to $700 and beyond but it seems to me that a lot of interest in crypto is headed toward things like ETH and all of this 2.0 stuff. But I think bitcoin is a good way to store value. It's a horrible currency and I think people are realizing this, but $700 is on the horizon.

ssmc2

legendary

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Oh Noes!

BlackSpidy

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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.

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