BTC up??? - page 2. | Bitcointalksearch.org

OrangeII

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Quote from: xIIImaL on April 22, 2017, 05:16:01 AM

Quote from: Chrismeister on April 22, 2017, 03:08:51 AM

The bifinex 'troubles' will clear up eventually. The price is effected by it, we can't deny it, but when their tranfers will go through again the price will stabilize again. Best if it stays above 1200 this time. I don't like the price flirting with 1100 again and again.

If you saying bitfinex crises means you need to know that we already moving again to peak value. Price seems almost near to 1250$ now. Rate of adoption over blockchain technology seems to more than 30% compared to 2015.
Bitcoin will be familiar to all the people in the world much soon. Once it's happened I am sure people have 1 or 2 bitcoins also will become a millionaire.

Well, too far to become a millionaire by having 1 or 2 bitcoins. It must have a very high price for 1 or 2 bitcoins. Which of course bitcoin prices will certainly go up, although sometimes very many problems that can make bitcoin prices to go down.

bitbunnny

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Quote from: sikke on April 22, 2017, 08:52:21 AM

Quote from: xIIImaL on April 22, 2017, 05:16:01 AM

Quote from: Chrismeister on April 22, 2017, 03:08:51 AM

The bifinex 'troubles' will clear up eventually. The price is effected by it, we can't deny it, but when their tranfers will go through again the price will stabilize again. Best if it stays above 1200 this time. I don't like the price flirting with 1100 again and again.

If you saying bitfinex crises means you need to know that we already moving again to peak value. Price seems almost near to 1250$ now. Rate of adoption over blockchain technology seems to more than 30% compared to 2015.
Bitcoin will be familiar to all the people in the world much soon. Once it's happened I am sure people have 1 or 2 bitcoins also will become a millionaire.

I cannot believe that anyone is really hoping, that having 1 or 2 or even 3 bitcoins can make you millionaire in some time, let's say 15 years.
There are so many cryptocurrencies at this moment, that there is always a chance of bitcoin getting smashed by some altcoin, which will turn out as a something which applies new, great technological solutions to a different branches of industries (not necessarily financial sector), which will mean that price of the BTC won't be so high.

Also, i dont understand the way of thinking that bitcoin price will be able to go to the 500,000 EUR , or let's say even 50,000 in 2020.
Being optimistic, I think that the biggest price we can see in 2020 on bitcoin, is somewhere between 2000-2500$, i doubt it will be more.

Yeah, this sounds unbelivable but so many people realy beleive they will become rich with couple of coins just if they wait long enough. But there is no chance for some extremly high price in the near future and you can't predict what will happen with Bitcoin in 15 or 20 years from now.
For all this users it will be better to stop dreaming and get to reality.

sikke

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Quote from: xIIImaL on April 22, 2017, 05:16:01 AM

Quote from: Chrismeister on April 22, 2017, 03:08:51 AM

The bifinex 'troubles' will clear up eventually. The price is effected by it, we can't deny it, but when their tranfers will go through again the price will stabilize again. Best if it stays above 1200 this time. I don't like the price flirting with 1100 again and again.

If you saying bitfinex crises means you need to know that we already moving again to peak value. Price seems almost near to 1250$ now. Rate of adoption over blockchain technology seems to more than 30% compared to 2015.
Bitcoin will be familiar to all the people in the world much soon. Once it's happened I am sure people have 1 or 2 bitcoins also will become a millionaire.

I cannot believe that anyone is really hoping, that having 1 or 2 or even 3 bitcoins can make you millionaire in some time, let's say 15 years.
There are so many cryptocurrencies at this moment, that there is always a chance of bitcoin getting smashed by some altcoin, which will turn out as a something which applies new, great technological solutions to a different branches of industries (not necessarily financial sector), which will mean that price of the BTC won't be so high.

Also, i dont understand the way of thinking that bitcoin price will be able to go to the 500,000 EUR , or let's say even 50,000 in 2020.
Being optimistic, I think that the biggest price we can see in 2020 on bitcoin, is somewhere between 2000-2500$, i doubt it will be more.

BitcoinHodler

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Quote from: BitHodler on April 22, 2017, 04:44:19 AM

Quote from: Chrismeister on April 22, 2017, 03:08:51 AM

The bifinex 'troubles' will clear up eventually. The price is effected by it, we can't deny it, but when their tranfers will go through again the price will stabilize again. Best if it stays above 1200 this time. I don't like the price flirting with 1100 again and again.

If everything goes back to normal, people will either dump their coins in order to gain back fiat, or those larger players that have plenty of fiat aside will pump the price even further.

I personally tend to go for the afore mentioned example as that is the most likely scenario. I however don't think it will have a massive negative impact on the price.

My guess is that if the price happens to drop, it will be in the range of $1150-$1200 which isn't all that bad. I am very happy with the fact alone that we have been over the $1000 mark for such a long time.

one thing you are forgetting about traders is that they don't wait around. they want their money and they want it fast, if you are waiting around then you are not a trader.

this means in case someone has bought bitcoin in bitfinex to get out, they are already trading again by selling those coins on someplace else and buying and selling and buying ,... you see where i am going with this.

actually because they sold their BFX coins on other exchanges they experienced lower prices (specially on bitstamp).

xIIImaL

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Quote from: Chrismeister on April 22, 2017, 03:08:51 AM

The bifinex 'troubles' will clear up eventually. The price is effected by it, we can't deny it, but when their tranfers will go through again the price will stabilize again. Best if it stays above 1200 this time. I don't like the price flirting with 1100 again and again.

If you saying bitfinex crises means you need to know that we already moving again to peak value. Price seems almost near to 1250$ now. Rate of adoption over blockchain technology seems to more than 30% compared to 2015.
Bitcoin will be familiar to all the people in the world much soon. Once it's happened I am sure people have 1 or 2 bitcoins also will become a millionaire.

BitHodler

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Quote from: Chrismeister on April 22, 2017, 03:08:51 AM

The bifinex 'troubles' will clear up eventually. The price is effected by it, we can't deny it, but when their tranfers will go through again the price will stabilize again. Best if it stays above 1200 this time. I don't like the price flirting with 1100 again and again.

If everything goes back to normal, people will either dump their coins in order to gain back fiat, or those larger players that have plenty of fiat aside will pump the price even further.

I personally tend to go for the afore mentioned example as that is the most likely scenario. I however don't think it will have a massive negative impact on the price.

My guess is that if the price happens to drop, it will be in the range of $1150-$1200 which isn't all that bad. I am very happy with the fact alone that we have been over the $1000 mark for such a long time.

talkbitcoin

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All I know is that I know nothing.

it sometimes feel like people have forgotten what bitcoin is!

the words like "BU/ Segwit and dev roadblock." have no meaning when it comes to using bitcoin and the price and the bitcoin as an investment argument. all these are noise in the great scheme of things and when it comes down to the long term price rise. and we are already behind on the rise and we need some catching up to do.

lets go up to $1350 and test $1400 and then after the rise we will start the FUD about "BU/ Segwit and dev roadblock" and then then buy back cheap coins again at $1260.

Chrismeister

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The bifinex 'troubles' will clear up eventually. The price is effected by it, we can't deny it, but when their tranfers will go through again the price will stabilize again. Best if it stays above 1200 this time. I don't like the price flirting with 1100 again and again.

richardsNY

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Quote from: Hazir on April 21, 2017, 02:19:22 PM

Current high price has nothing to do with SegWit or Bitcoin Unlimited or scaling debate in general.
Initially I thought upward trend was a positive reaction to SegWit gaining more support but that might not be it.
I would rather guess that BTC price spiked due to USD withdrawal blockade on Bitfinex and Chinese exchanges.

Bitfinex experiencing difficulties is the only reason the price has gone up to where we stand right now. Segwit gaining more support? Not something that is visible. Instead, 50% of the blocks mined today signalled support for BU -- Segwit currently sits at 35%. If they continue to keep it at 50% or slightly over that number, another round of BU panic might start to kick in very soon. Not something to look forward to....

Hazir

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Current high price has nothing to do with SegWit or Bitcoin Unlimited or scaling debate in general.
Initially I thought upward trend was a positive reaction to SegWit gaining more support but that might not be it.
I would rather guess that BTC price spiked due to USD withdrawal blockade on Bitfinex and Chinese exchanges.

Iranus

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Quote from: cpfreeplz on April 20, 2017, 09:43:31 PM

Quote from: JimboToronto on April 20, 2017, 09:36:21 PM

Quote from: jubalix on April 20, 2017, 05:26:37 PM

Why is BTC up with the BU/ Segwit and dev roadblock.

any views?

Bitcoin keeps going up because that's what it was designed to do.

Price dips are merely either normal small corrections or aberrations caused by panic, FUD, etc.

The BU/Segwit and development "roadblocks" are overrated by many and one cause of such FUD and panic.

No big deal.

Ya. The FUD just keeps us from doing a moon bounce but it can't stop bitcoins from going up in price more and more. They're rare, and everyone wants them!

This kind of super-basic price speculation isn't really getting Bitcoin anywhere. It wasn't actually designed to rise, it was designed to be scarce. There's a key distinction, which is that it'll only keep rising as long as people have confidence in it and in reality Bitcoin still has a natural inflation rate because of the new Bitcoin being introduced from mining.

Maybe people are thinking that there should be some kind of panic due to the fact that scaling doesn't seem to be going anywhere, but the reason it's not is because alts have just soared much more than any natural amount and that's resulted in big corrections (and in DASH's case, a dump), which is resulting in people storing money in Bitcoin.

The rise is temporary due to the Bitfinex and USDT problems, which will cause a dump back into alts in a month or two unless Bitfinex handles fiat again.

Alts will never rise too much further though, because Bitcoin will just be a place for people to relax as they know that their money is safe, whereas holding it in most other coins it isn't (even in USDT, as we're about to find out), and people will use it as a "digital gold" style storage solution.

el kaka22

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Quote from: jtipt on April 21, 2017, 06:59:50 AM

Quote from: jubalix on April 20, 2017, 05:26:37 PM

Why is BTC up with the BU/ Segwit and dev roadblock.

any views?

IMO the BU dust has settled and BTC is back on its track to glory. As for segwit, i still have no idea what is happening with it, and at this point i don't this segwit will happen ever.

We cannot be sure about segwit will get activated or not but litecoin just come forward for an agreement to activate segwit and I guess bitcoin miners are just waiting for how litecoin finds improvement with segwit activation.

I was not seeing any positive news for bitcoin ecosystem except legalization in Japan and huge number of Japanese merchants are going to adopt bitcoin payments. I believe this alone more than enough supporting news for bringing bitcoin prices to $1300+ levels and this is what exactly happening right now.

rajasumi3

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The price of bitcoins is going up as it was predicted to be .nothing will affect bitcoins,after SEC rejected bitcoins there was a panic over all and the price of bitcoins went down a lot and well now the price of bitcoins is going up and up and soon it will reach upto 2000$.

jtipt

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Quote from: jubalix on April 20, 2017, 05:26:37 PM

Why is BTC up with the BU/ Segwit and dev roadblock.

any views?

IMO the BU dust has settled and BTC is back on its track to glory. As for segwit, i still have no idea what is happening with it, and at this point i don't this segwit will happen ever.

ASHLIUSZ

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This might be an observed increase that happens naturally based on the increase and decrease of the price. Recent bitfinex too might have small relation in the ongoing increase due to the high volume deposit that generates an increased circulation in the market cap of bitcoin.

Seansky

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BTC goes up even if there are high fees right now with BUvsSegwit debate just because it still got the demand it needs to go up now regardless of the slowness of confirmation time and of course the volume of transactions that happen everyday remains the same. The debate really doesn't matter in price unless there will be a winner between BU and Segwit.

1Referee

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Quote from: Amph on April 21, 2017, 02:24:17 AM

because having higher fee won't stop bitcoin to go up, i mean traders don't care about fee they have their coins sitting on exchange all the time and pump and dumpthe value to get more, for them the fee is also not different than the one they are paying already ont he exchange

and scaling issue is only going to stop average joe to jump in, and guess what? average joe are not the one that make the value going up, you need rich people, and guess what again? rich people don't care about paying $1 in fee...

but this last raise is due probably to bitfinex deposit issue, but the bottom is established at $1000+ already

While I agree that market movers don't really care about the higher fees, it must be mentioned that they do take the scaling aspect seriously. We're currently far away from it, but if BU happens to initiate an unsuccessful hard fork with a chain split as result, it will have a significant negative impact on the price. For you it's easy talking, but that's a whole lot different if your exposure sits in the millions. No serious investor will put such a thing aside so easily.

Amph

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Quote from: jubalix on April 20, 2017, 09:20:48 PM

Quote from: FiendCoin on April 20, 2017, 07:14:55 PM

Quote from: jubalix on April 20, 2017, 05:26:37 PM

Why is BTC up with the BU/ Segwit and dev roadblock.

any views?

You mean the miner roadblock? It's the miners who can't come to agreement on any proposal.

i did not mean either, raver referring to DEV in the larger sense of coin tec dev that has come to a halt and the implications for future DEV. No "dev" and in segwit supporters that are sometimes referred to dev

because having higher fee won't stop bitcoin to go up, i mean traders don't care about fee they have their coins sitting on exchange all the time and pump and dumpthe value to get more, for them the fee is also not different than the one they are paying already ont he exchange

and scaling issue is only going to stop average joe to jump in, and guess what? average joe are not the one that make the value going up, you need rich people, and guess what again? rich people don't care about paying $1 in fee...

but this last raise is due probably to bitfinex deposit issue, but the bottom is established at $1000+ already

Sniper44

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Quote from: Jon Connor on April 20, 2017, 11:49:56 PM

btc is undervalued, it probably should be in the 1600k range, but most likely because of the bitfinex exit pump. wire transfers are halted. buy btc and transfer it to another exchange. nobody wants to be goxed!

people have been doing this exact thing for a couple of days now, ever since the news was spread and they made an announcement on their blog.
go take a look at their cold storage addresses and see how they are being drained by people making withdrawals.
and it is all panic, nothing else.

Jon Connor

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btc is undervalued, it probably should be in the 1600k range, but most likely because of the bitfinex exit pump. wire transfers are halted. buy btc and transfer it to another exchange. nobody wants to be goxed!

Topic: BTC up??? - page 2. (Read 2194 times)