Bitcoin Will Reach $3000 By The End Of The Year

ekoice

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Quote from: BiggieSmallz on May 08, 2017, 03:53:13 AM

Strong demand in Japan where it is now deemed a legal means of payment is among many factors pushing the price higher. Great article:

https://www.finextra.com/newsarticle/30527/bitcoin-set-to-go-boom

At first,2017 year's target was $2000 and it would be soon achieved.If bitcoin price rises continuosly in this speed,then for sure we can say that bitcoin price would even exceed $3000 by the end of 2017 due to mass adoption of bitcoins.

batang_bitcoin

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Quote from: Sniper44 on May 11, 2017, 05:18:48 AM

Quote from: batang_bitcoin on May 10, 2017, 05:28:51 PM

Quote from: btcdevil on May 10, 2017, 04:59:14 PM

Quote from: batang_bitcoin on May 10, 2017, 03:37:39 PM

We are close now to $2,000 and I believe that we are going to reach that point before the end of the year. But I doubt that it is going to happen for this year. Well see, because the movement of bitcoin's price is very fast and most of us here didn't expect this early that the price of bitcoin is going to reach at $1,700.

This was all happening due to japan legalizing bitcoin and now Japan investors are buying bitcoins seeing the potential of it and the business peoples are also taking opportunity to increase their sales by accepting bitcoin as payment option

Good thing that there is the Japanese that is willing to support bitcoin. Shame to the bigger country that stops the growth of bitcoin. I also read and I don't have an idea if this is true about Russia, they are also making a noise when it comes to bitcoin adoption. But whomever and whatever the reason of this growth, this is the best.

Russia or i better say news coming from Russia and being translated to English is always like this. they mostly translate the news into some worse version of what it really was and then publish it, classic click bait news site tactic.
they never made bitcoin illegal yet a lot of news sites said it is.
they never made it legal either and yet many sites said they did.

the truth is, they have been worried about bitcoin for so many years and voiced some concerns about it, but with Japanese news their worries were lessened by a lot.

Is that for real, damn mainstream media really sucks. They did made Russia look like against bitcoin even there's no statement coming from them. Well, let's go on positive now, Japan's move is the best thing that we ever seen. This is very good, if other countries will do the same exact action that Japan did, we'll see btc flying to the moon.

South Park

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Quote from: Barbut on May 10, 2017, 05:07:46 PM

Quote from: batang_bitcoin on May 10, 2017, 03:37:39 PM

We are close now to $2,000 and I believe that we are going to reach that point before the end of the year. But I doubt that it is going to happen for this year. Well see, because the movement of bitcoin's price is very fast and most of us here didn't expect this early that the price of bitcoin is going to reach at $1,700.

That is more reasonable prediction then 3000$ by the end of this year, that is too much. Price is going up for some time, this is already surprise for many people, and I`m not the only one that thinks that we will see some drop in near future or correction, call it as you like. Anyway this watching price going up and making new records brings excitement to everyone of us.

Don’t forget markets can remain irrational for longer than you can remain solvent, while it does not make too much sense to reach that value at the end of this year the truth is the price does not stop rising every day, so while it may seem a crazy prediction it may come true if the growth of bitcoin does not slow down.

digaran

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I assume it's a reasonable price if some big companies enter mining industry and take the power from Wu and activate Segwit, because we haven't yet seen any serious changes in the code base and we're still in experimental phase.
If difficulty increases by 20% in the next 3 months then $3000 is achievable.

But I don't like the way fee market is going, $2 for a $50 transaction is absurd/paypal much?

peter0425

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Quote from: ultrloa on May 11, 2017, 04:15:41 AM

Quote from: rickadone on May 11, 2017, 03:35:26 AM

Quote from: Reid on May 08, 2017, 03:57:40 AM

Probably. But we dont have enough facts to decide that.
All of this will just be speculation.
There might be someone who will get lucky to predict it but yet that is all just luck.
Looking at how Japan made progress with using the bitcoin technology it gave a larger chance for bitcoin to grew more in terms of value.
Maybe if 2 or more countries could do this that $3000 will be easy to achieve.

Well I guess it will be too early to say that $3000 could be crossed this year. Though there is a rise in the demand of the BTC but still I am not sure that this is the time where we can say anything like this. Japan no doubt has made some progress towards the BTC but it doesn’t mean that the price will go that much high that soon. I am not in a positions to accept it currently.

Well I guess its pretty ok to speculate for that price reached right now since first we are early stage of the year meaning bitcoin has a time to run more longer and japans adoption truly got a great effect on it theirs no doubt if good will allow bitcoins price would reach for that.

but for now lets just focus on the price almost reaching for 200$ at this moment and surely many people are yet holding for more eventhough their profits for this current rise event is huge.

$2000 will be reached definitely. A lot of positive news has been going around, like Australia want to adopt bitcoin as well. So it will truly put the price of bitcoin to like $3000 at the end of the year. A lot of countries are now seeing the true potential of bitcoin that's why they want to adopt it otherwise they will be left in the dark about this new technology that would change the financial landscape of many nation.

Sniper44

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Quote from: batang_bitcoin on May 10, 2017, 05:28:51 PM

Quote from: btcdevil on May 10, 2017, 04:59:14 PM

Quote from: batang_bitcoin on May 10, 2017, 03:37:39 PM

We are close now to $2,000 and I believe that we are going to reach that point before the end of the year. But I doubt that it is going to happen for this year. Well see, because the movement of bitcoin's price is very fast and most of us here didn't expect this early that the price of bitcoin is going to reach at $1,700.

This was all happening due to japan legalizing bitcoin and now Japan investors are buying bitcoins seeing the potential of it and the business peoples are also taking opportunity to increase their sales by accepting bitcoin as payment option

Good thing that there is the Japanese that is willing to support bitcoin. Shame to the bigger country that stops the growth of bitcoin. I also read and I don't have an idea if this is true about Russia, they are also making a noise when it comes to bitcoin adoption. But whomever and whatever the reason of this growth, this is the best.

Russia or i better say news coming from Russia and being translated to English is always like this. they mostly translate the news into some worse version of what it really was and then publish it, classic click bait news site tactic.
they never made bitcoin illegal yet a lot of news sites said it is.
they never made it legal either and yet many sites said they did.

the truth is, they have been worried about bitcoin for so many years and voiced some concerns about it, but with Japanese news their worries were lessened by a lot.

Slow death

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Quote from: tobacco123 on May 08, 2017, 04:09:35 AM

... and it might drop to $10 too based on a 2014 article: https://www.forbes.com/sites/samanthasharf/2014/01/15/10-one-perspective-on-what-bitcoin-will-be-worth-in-2014/#677b7e294ba7

How much pessimism, reading something like that makes anyone lose the urge to eat...

Quote from: https://www.forbes.com/sites/samanthasharf/2014/01/15/10-one-perspective-on-what-bitcoin-will-be-worth-in-2014/#42aa063f4ba7

As these facts and questions enter the wider consciousness, as they have begun to, Williams feels smaller Bitcoin investors will pull out. “When these million people stop buying at these high prices, that’s when the house of cards will start falling price wise.”

He gave his opinion

ultrloa

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Quote from: rickadone on May 11, 2017, 03:35:26 AM

Quote from: Reid on May 08, 2017, 03:57:40 AM

Probably. But we dont have enough facts to decide that.
All of this will just be speculation.
There might be someone who will get lucky to predict it but yet that is all just luck.
Looking at how Japan made progress with using the bitcoin technology it gave a larger chance for bitcoin to grew more in terms of value.
Maybe if 2 or more countries could do this that $3000 will be easy to achieve.

Well I guess it will be too early to say that $3000 could be crossed this year. Though there is a rise in the demand of the BTC but still I am not sure that this is the time where we can say anything like this. Japan no doubt has made some progress towards the BTC but it doesn’t mean that the price will go that much high that soon. I am not in a positions to accept it currently.

Well I guess its pretty ok to speculate for that price reached right now since first we are early stage of the year meaning bitcoin has a time to run more longer and japans adoption truly got a great effect on it theirs no doubt if good will allow bitcoins price would reach for that.

but for now lets just focus on the price almost reaching for 200$ at this moment and surely many people are yet holding for more eventhough their profits for this current rise event is huge.

DarkIT

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Look at current prices, I think it's possible. Unexpected bitcoin prices can rise very quickly, there is a chance it will happen until the end of the year and it is likely to reach $ 3,000. Well, we may have to have a lot of bitcoin.

DaddyMonsi

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7 months to go and it will be end of the year. $3,000 is not far from where we stand right now, if the rise of Bitcoin continuous like $50 increase per day or lest say a modest of $20 then $3,000 is achievable by end of this year. Lets just cross our fingers that there is no hacking of known exchange site that will happen in the next coming months as this also have an affect in Bitcoin price.

rickadone

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Quote from: Reid on May 08, 2017, 03:57:40 AM

Probably. But we dont have enough facts to decide that.
All of this will just be speculation.
There might be someone who will get lucky to predict it but yet that is all just luck.
Looking at how Japan made progress with using the bitcoin technology it gave a larger chance for bitcoin to grew more in terms of value.
Maybe if 2 or more countries could do this that $3000 will be easy to achieve.

Well I guess it will be too early to say that $3000 could be crossed this year. Though there is a rise in the demand of the BTC but still I am not sure that this is the time where we can say anything like this. Japan no doubt has made some progress towards the BTC but it doesn’t mean that the price will go that much high that soon. I am not in a positions to accept it currently.

batang_bitcoin

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Quote from: traderethereum on May 10, 2017, 05:37:46 PM

Quote from: batang_bitcoin on May 10, 2017, 05:28:51 PM

Quote from: btcdevil on May 10, 2017, 04:59:14 PM

Quote from: batang_bitcoin on May 10, 2017, 03:37:39 PM

We are close now to $2,000 and I believe that we are going to reach that point before the end of the year. But I doubt that it is going to happen for this year. Well see, because the movement of bitcoin's price is very fast and most of us here didn't expect this early that the price of bitcoin is going to reach at $1,700.

This was all happening due to japan legalizing bitcoin and now Japan investors are buying bitcoins seeing the potential of it and the business peoples are also taking opportunity to increase their sales by accepting bitcoin as payment option

Good thing that there is the Japanese that is willing to support bitcoin. Shame to the bigger country that stops the growth of bitcoin. I also read and I don't have an idea if this is true about Russia, they are also making a noise when it comes to bitcoin adoption. But whomever and whatever the reason of this growth, this is the best.

good to see bitcoin price is still increase, this is my first time to see bitcoin in high price, i think it will going to go up more and gladly that japanese people is now trying to use bitcoin in their country. $1,8xx has been passed and now the price is back at $1,7xx but i see in the market, that bitcoin price is still pushing to go up.

Even I, this is the first time to see the price of bitcoin to reach at $1,800+ right now and there are a lot of speculations that it can even go higher. Let's hope that this is going to be the new floor price of bitcoin but it will be better if we will see the price to reach up to $3,000 or even $4,000 that's in our favor.

traderethereum

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Quote from: batang_bitcoin on May 10, 2017, 05:28:51 PM

Quote from: btcdevil on May 10, 2017, 04:59:14 PM

Quote from: batang_bitcoin on May 10, 2017, 03:37:39 PM

We are close now to $2,000 and I believe that we are going to reach that point before the end of the year. But I doubt that it is going to happen for this year. Well see, because the movement of bitcoin's price is very fast and most of us here didn't expect this early that the price of bitcoin is going to reach at $1,700.

This was all happening due to japan legalizing bitcoin and now Japan investors are buying bitcoins seeing the potential of it and the business peoples are also taking opportunity to increase their sales by accepting bitcoin as payment option

Good thing that there is the Japanese that is willing to support bitcoin. Shame to the bigger country that stops the growth of bitcoin. I also read and I don't have an idea if this is true about Russia, they are also making a noise when it comes to bitcoin adoption. But whomever and whatever the reason of this growth, this is the best.

good to see bitcoin price is still increase, this is my first time to see bitcoin in high price, i think it will going to go up more and gladly that japanese people is now trying to use bitcoin in their country. $1,8xx has been passed and now the price is back at $1,7xx but i see in the market, that bitcoin price is still pushing to go up.

Huge Black Woman

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Y'all's onna money, my fine bleck brotha. We is goin' up beyont that too, don'tcha know. Ain't nevva thunked we'd all git ta $1750 this year but we done it. Bitcoin rolled up on r asses like a case a testicular manslaughter an' it don't seem like it's never gonna stop! Busta wizzack!!

batang_bitcoin

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Quote from: btcdevil on May 10, 2017, 04:59:14 PM

Quote from: batang_bitcoin on May 10, 2017, 03:37:39 PM

We are close now to $2,000 and I believe that we are going to reach that point before the end of the year. But I doubt that it is going to happen for this year. Well see, because the movement of bitcoin's price is very fast and most of us here didn't expect this early that the price of bitcoin is going to reach at $1,700.

This was all happening due to japan legalizing bitcoin and now Japan investors are buying bitcoins seeing the potential of it and the business peoples are also taking opportunity to increase their sales by accepting bitcoin as payment option

Good thing that there is the Japanese that is willing to support bitcoin. Shame to the bigger country that stops the growth of bitcoin. I also read and I don't have an idea if this is true about Russia, they are also making a noise when it comes to bitcoin adoption. But whomever and whatever the reason of this growth, this is the best.

Barbut

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Quote from: batang_bitcoin on May 10, 2017, 03:37:39 PM

We are close now to $2,000 and I believe that we are going to reach that point before the end of the year. But I doubt that it is going to happen for this year. Well see, because the movement of bitcoin's price is very fast and most of us here didn't expect this early that the price of bitcoin is going to reach at $1,700.

That is more reasonable prediction then 3000$ by the end of this year, that is too much. Price is going up for some time, this is already surprise for many people, and I`m not the only one that thinks that we will see some drop in near future or correction, call it as you like. Anyway this watching price going up and making new records brings excitement to everyone of us.

btcdevil

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Quote from: batang_bitcoin on May 10, 2017, 03:37:39 PM

We are close now to $2,000 and I believe that we are going to reach that point before the end of the year. But I doubt that it is going to happen for this year. Well see, because the movement of bitcoin's price is very fast and most of us here didn't expect this early that the price of bitcoin is going to reach at $1,700.

This was all happening due to japan legalizing bitcoin and now Japan investors are buying bitcoins seeing the potential of it and the business peoples are also taking opportunity to increase their sales by accepting bitcoin as payment option

DoomDumas

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Bitcoin

I imagine you meant 12 000 before year end ?

batang_bitcoin

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We are close now to $2,000 and I believe that we are going to reach that point before the end of the year. But I doubt that it is going to happen for this year. Well see, because the movement of bitcoin's price is very fast and most of us here didn't expect this early that the price of bitcoin is going to reach at $1,700.

South Park

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Quote from: Jherek on May 10, 2017, 12:37:26 AM

Quote from: BiggieSmallz on May 08, 2017, 03:53:13 AM

Strong demand in Japan where it is now deemed a legal means of payment is among many factors pushing the price higher. Great article:

https://www.finextra.com/newsarticle/30527/bitcoin-set-to-go-boom

Yes, but right now Japan is like the only place which the economy is in the top 10 of the world that recognises bitcoin. China has tightened their controls to the point that it is pretty much impossible for an average Joe to use bitcoin.

If China can loosen its restrictions on BTC again, or another country legally recognizes bitcoin, then I think that $3000 is just something that can be so easily achieved. But that is probably not going to happen to be honest.

$2,000 is a good estimate for the end of the year and i suspect that the price level would have stabilized around there.

Japan may be more than enough to get the price to that level if adoption really goes up especially among the young people that are always connected to the internet, also since housewives are the ones that manage the finances in japan if women adopt bitcoin then bitcoin could really skyrocket.

Topic: Bitcoin Will Reach $3000 By The End Of The Year (Read 3408 times)