Can the price of bitcoin still skyrocket - page 6.

hulla

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Quote from: CyberKuro on February 10, 2017, 06:59:23 PM

Quote from: hulla on January 24, 2017, 05:30:23 PM

Towards the ending of last year a prediction was outrageously made by Saxo Bank which says the price of bitcoin will sky rocket to $2100 which we did experience some huge increase in the price of bitcoin acouple of days after the prediction was made. Soon we had a situation in China which make some people loose their trust in future of bitcoin cos they think a government of any country could do something worst in the future. But with the huge trust in bitcoin we had from people of Japan,Africa,America etc we had some sort of increase in price this days.

The question is could bitcoin still skyrocket to $1000 - $2,100 as predicted?

Yes, I guess bitcoin will reach around $2000 by the end of the year. People from Japan might be the reason why bitcoin could rise so fast after significant decrease of the price. The key to get there is simply spread widely, just for make bitcoin adopted by more people in every corner of the world. There are some problems of course such as block size, miners handle transaction, regulations from government, price manipulation or hack issue, but we will overcome and pass through.

Yes, I think so cause the price of bitcoin went down after The People's Bank of China (PBOC) issued a
statement on Thursday regarding the meeting they held with nine Chinese exchanges. Although, the price quickly regained back to $1000 only hours later and I guess Japan,US,Slovenia etc were the reason for that.

CyberKuro

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Quote from: hulla on January 24, 2017, 05:30:23 PM

Towards the ending of last year a prediction was outrageously made by Saxo Bank which says the price of bitcoin will sky rocket to $2100 which we did experience some huge increase in the price of bitcoin acouple of days after the prediction was made. Soon we had a situation in China which make some people loose their trust in future of bitcoin cos they think a government of any country could do something worst in the future. But with the huge trust in bitcoin we had from people of Japan,Africa,America etc we had some sort of increase in price this days.

The question is could bitcoin still skyrocket to $1000 - $2,100 as predicted?

Yes, I guess bitcoin will reach around $2000 by the end of the year. People from Japan might be the reason why bitcoin could rise so fast after significant decrease of the price. The key to get there is simply spread widely, just for make bitcoin adopted by more people in every corner of the world. There are some problems of course such as block size, miners handle transaction, regulations from government, price manipulation or hack issue, but we will overcome and pass through.

severaldetails

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Quote from: BigBos on February 10, 2017, 02:08:58 PM

Quote from: Kevin77 on February 10, 2017, 01:55:46 PM

Quote from: South Park on February 10, 2017, 01:43:57 PM

Personally I would not like that, since it is very likely we will not hear good things about bitcoin from the Chinese government and if china went ahead and created a campaign to denounce bitcoin we could see the price losing value very sharply.

Don't you see bitcoin is being used and adopted by rest of world ?
China may dominate bitcoins but only some certain level. There would be a limit which could not be breached by one group of people nor government due to the fact that bitcoin is omnipresent.

Sharp down fall is the thing I do foresee may not happen like what we encounter when mtgox collapsed. But there are many such exchanges and every other things has an alternate or substituent so we are never going to face any sharp down fall.

Only skyrocketing would be possible in upcoming days.

I think that bitcoin can have a very high price, but the same thing always happens, and make bitcoin prices fall back. Well, this is the same as it did in 2013. The people think that bitcoin is dead, and will not have a high price. but, ketka price back up, people back speculated that bitcoin prices will rise higher. I think, this is the same situation. so, bitcoin prices will remain high.

I don't think the situation now can be compared to 2013.
At that time a lot of coins were lost. Now every coin is still where it belongs.
China will put on some regulation on exchanges, but to me that is just something that makes bitcoin as a currency more secure.
So to me it is absolutely clear that bitcoin will rise, in acceptance, popularity and price as well.

BigBos

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Quote from: Kevin77 on February 10, 2017, 01:55:46 PM

Quote from: South Park on February 10, 2017, 01:43:57 PM

Personally I would not like that, since it is very likely we will not hear good things about bitcoin from the Chinese government and if china went ahead and created a campaign to denounce bitcoin we could see the price losing value very sharply.

Don't you see bitcoin is being used and adopted by rest of world ?
China may dominate bitcoins but only some certain level. There would be a limit which could not be breached by one group of people nor government due to the fact that bitcoin is omnipresent.

Sharp down fall is the thing I do foresee may not happen like what we encounter when mtgox collapsed. But there are many such exchanges and every other things has an alternate or substituent so we are never going to face any sharp down fall.

Only skyrocketing would be possible in upcoming days.

I think that bitcoin can have a very high price, but the same thing always happens, and make bitcoin prices fall back. Well, this is the same as it did in 2013. The people think that bitcoin is dead, and will not have a high price. but, ketka price back up, people back speculated that bitcoin prices will rise higher. I think, this is the same situation. so, bitcoin prices will remain high.

Kevin77

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Quote from: South Park on February 10, 2017, 01:43:57 PM

Personally I would not like that, since it is very likely we will not hear good things about bitcoin from the Chinese government and if china went ahead and created a campaign to denounce bitcoin we could see the price losing value very sharply.

Don't you see bitcoin is being used and adopted by rest of world ?
China may dominate bitcoins but only some certain level. There would be a limit which could not be breached by one group of people nor government due to the fact that bitcoin is omnipresent.

Sharp down fall is the thing I do foresee may not happen like what we encounter when mtgox collapsed. But there are many such exchanges and every other things has an alternate or substituent so we are never going to face any sharp down fall.

Only skyrocketing would be possible in upcoming days.

maku

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Quote from: South Park on February 10, 2017, 01:43:57 PM

Quote from: numismatist on February 10, 2017, 01:51:56 AM

Quote from: South Park on February 09, 2017, 04:05:07 PM

Quote from: Carmen_Sandiego on February 08, 2017, 10:51:30 AM

Looking at the chart for recent months, and comparing with what happened in 2013, the impression is that the Bitcoin price can in fact skyrocket sooner than we think, but I think technical analysis is not enough, we need to know if the fundamentals are favorable for this to happen.

Not everything can be predicted with charts, there is also other stuff to take into consideration like political new, the influence of the Chinese government and miners, will segwit be activated? And a lot of other factors.

Would be nice if the Chin Gov twitters Cool

just to pick up some intelligence early. Some people allready got good results watching the twitterstream of US new president, affecting stock markets.

Personally I would not like that, since it is very likely we will not hear good things about bitcoin from the Chinese government and if china went ahead and created a campaign to denounce bitcoin we could see the price losing value very sharply.

Do you think Chinese government can't do this now? And something is stopping them? Believe me they control internet in China, have regional version of Facebook, Google, Amazon.
They could create the biggest smear campaign in the world if they wanted. They don't need twitter, Facebook or any other western social media for that.
The fact that they are not doing any moves against bitcoin proves that: they either know its value, don't want go too radical, know that it is Chinese miners who control BTC.

Bitcoinsummoner

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Quote from: Rahar02 on February 10, 2017, 05:23:22 AM

Quote from: hulla on January 24, 2017, 05:30:23 PM

Towards the ending of last year a prediction was outrageously made by Saxo Bank which says the price of bitcoin will sky rocket to $2100 which we did experience some huge increase in the price of bitcoin acouple of days after the prediction was made. Soon we had a situation in China which make some people loose their trust in future of bitcoin cos they think a government of any country could do something worst in the future. But with the huge trust in bitcoin we had from people of Japan,Africa,America etc we had some sort of increase in price this days.

The question is could bitcoin still skyrocket to $1000 - $2,100 as predicted?

I believe so, bitcoin price can and will skyrocket to $2000 maybe in this year or in early of 2018.
Every decline of the price mean nothing but an opportunity to buy more bitcoin and spread widely over the world instead of just some countries rules/hold big portion of bitcoin. As you said, people trust in bitcoin and it keeps growing even though there are some obstacles, we will get through.

No not this time and i think the possible price that we can touch $1600-$1700 this is i think can be possible price or below.. since the movement of the price is very slow but the margin price increase and low is high..
So for me that is my own estimates.. this year..

South Park

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Quote from: numismatist on February 10, 2017, 01:51:56 AM

Quote from: South Park on February 09, 2017, 04:05:07 PM

Quote from: Carmen_Sandiego on February 08, 2017, 10:51:30 AM

Looking at the chart for recent months, and comparing with what happened in 2013, the impression is that the Bitcoin price can in fact skyrocket sooner than we think, but I think technical analysis is not enough, we need to know if the fundamentals are favorable for this to happen.

Not everything can be predicted with charts, there is also other stuff to take into consideration like political new, the influence of the Chinese government and miners, will segwit be activated? And a lot of other factors.

Would be nice if the Chin Gov twitters Cool

just to pick up some intelligence early. Some people allready got good results watching the twitterstream of US new president, affecting stock markets.

Personally I would not like that, since it is very likely we will not hear good things about bitcoin from the Chinese government and if china went ahead and created a campaign to denounce bitcoin we could see the price losing value very sharply.

senyorito123

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Quote from: Rahar02 on February 10, 2017, 05:23:22 AM

Quote from: hulla on January 24, 2017, 05:30:23 PM

Towards the ending of last year a prediction was outrageously made by Saxo Bank which says the price of bitcoin will sky rocket to $2100 which we did experience some huge increase in the price of bitcoin acouple of days after the prediction was made. Soon we had a situation in China which make some people loose their trust in future of bitcoin cos they think a government of any country could do something worst in the future. But with the huge trust in bitcoin we had from people of Japan,Africa,America etc we had some sort of increase in price this days.

The question is could bitcoin still skyrocket to $1000 - $2,100 as predicted?

I believe so, bitcoin price can and will skyrocket to $2000 maybe in this year or in early of 2018.
Every decline of the price mean nothing but an opportunity to buy more bitcoin and spread widely over the world instead of just some countries rules/hold big portion of bitcoin. As you said, people trust in bitcoin and it keeps growing even though there are some obstacles, we will get through.

not for now men since the figure is to huge and i thin he price will remain playing at 900-1000$ playing at this point, but if good circumstances will occur on this year will theirs a big possibilities that 2000$ thoughs will achievable.

But lets look out for more updates its to early to predict since all i see for now is healthy flactuation and nothing else more and i also believe that their are certain of people who's earning with it for now and they are lucky for following the bitcoins prices up and downs.

Rahar02

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Quote from: hulla on January 24, 2017, 05:30:23 PM

Towards the ending of last year a prediction was outrageously made by Saxo Bank which says the price of bitcoin will sky rocket to $2100 which we did experience some huge increase in the price of bitcoin acouple of days after the prediction was made. Soon we had a situation in China which make some people loose their trust in future of bitcoin cos they think a government of any country could do something worst in the future. But with the huge trust in bitcoin we had from people of Japan,Africa,America etc we had some sort of increase in price this days.

The question is could bitcoin still skyrocket to $1000 - $2,100 as predicted?

I believe so, bitcoin price can and will skyrocket to $2000 maybe in this year or in early of 2018.
Every decline of the price mean nothing but an opportunity to buy more bitcoin and spread widely over the world instead of just some countries rules/hold big portion of bitcoin. As you said, people trust in bitcoin and it keeps growing even though there are some obstacles, we will get through.

Kamuflase

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I'm pessimistic, as the price of the bitcoin has gone up 10% and then 20% down, it really makes the price of the bitcoin looks very confusing. Maybe a lot of the speculators who benefit, but to me it is not.

numismatist

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Quote from: South Park on February 09, 2017, 04:05:07 PM

Quote from: Carmen_Sandiego on February 08, 2017, 10:51:30 AM

Looking at the chart for recent months, and comparing with what happened in 2013, the impression is that the Bitcoin price can in fact skyrocket sooner than we think, but I think technical analysis is not enough, we need to know if the fundamentals are favorable for this to happen.

Not everything can be predicted with charts, there is also other stuff to take into consideration like political new, the influence of the Chinese government and miners, will segwit be activated? And a lot of other factors.

Would be nice if the Chin Gov twitters Cool

just to pick up some intelligence early. Some people allready got good results watching the twitterstream of US new president, affecting stock markets.

EdenHazard

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Quote from: South Park on February 09, 2017, 04:05:07 PM

Quote from: Carmen_Sandiego on February 08, 2017, 10:51:30 AM

Looking at the chart for recent months, and comparing with what happened in 2013, the impression is that the Bitcoin price can in fact skyrocket sooner than we think, but I think technical analysis is not enough, we need to know if the fundamentals are favorable for this to happen.

Not everything can be predicted with charts, there is also other stuff to take into consideration like political new, the influence of the Chinese government and miners, will segwit be activated? And a lot of other factors.

even when segwit finally activated there is still two sides , thos people who support it optimistically say that it could drive bitcoin price up to double and skyrocketing back , but the other side who did not support it feel segwit will have no effect at all.

things become more complicated in bitcoin , i myself prefer to watching this game of price and decide to do long term investment.

South Park

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Quote from: Carmen_Sandiego on February 08, 2017, 10:51:30 AM

Looking at the chart for recent months, and comparing with what happened in 2013, the impression is that the Bitcoin price can in fact skyrocket sooner than we think, but I think technical analysis is not enough, we need to know if the fundamentals are favorable for this to happen.

Not everything can be predicted with charts, there is also other stuff to take into consideration like political news, the influence of the Chinese government and miners, will segwit be activated? And a lot of other factors.

1Referee

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Quote from: mindrust on February 09, 2017, 04:02:36 AM

There are many people who filled their btc bags from 750$'s after the most recent dumpfest. Some of them will eventually dump their bags and enjoy their profits, which means there might be another dump session ahead.

Skyrocketing is over now. No more fuel left. From now on, its the same old pump&dump game.

It depends. If you look closely, then a few dumps have attempted to get the price to go down, but the opposite happened. If the market keeps moving as it is doing right now, then I wouldn't be surprised if we see +$1100 prices next week. But then again, how long will the market be able to sustain +$1100 prices. For some reason people don't feel very comfortable at +$1000 levels. It needs time to get people to feel comfortable. As long as that doesn't happen, then for sure the $1000 level isn't safe. Either way, if you just keep holding your coins then you'll find out what will happen.

Slark

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Quote from: Carmen_Sandiego on February 08, 2017, 10:51:30 AM

Looking at the chart for recent months, and comparing with what happened in 2013, the impression is that the Bitcoin price can in fact skyrocket sooner than we think, but I think technical analysis is not enough, we need to know if the fundamentals are favorable for this to happen.

Don't try to compare previous bitcoin bubbles from 4 years ago and older while trying to seek resemblance to our current bitcoin situation.
It most likely won't work like that, what you will bet is biased opinion. That bubble in 2013 wasn't caused by organic trading.
It was mix of MtGox being already insolvent (which pushed ATH even higher, and no one ever sold BTC for $1242 at MtGox), rampant Chinese martingale trading and crazy Willie bot.

mindrust

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There are many people who filled their btc bags from 750$'s after the most recent dumpfest. Some of them will eventually dump their bags and enjoy their profits, which means there might be another dump session ahead.

Skyrocketing is over now. No more fuel left. From now on, its the same old pump&dump game.

hulla

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Quote from: South Park on February 07, 2017, 01:47:12 PM

Quote from: hulla on January 24, 2017, 05:30:23 PM

Towards the ending of last year a prediction was outrageously made by Saxo Bank which says the price of bitcoin will sky rocket to $2100 which we did experience some huge increase in the price of bitcoin acouple of days after the prediction was made. Soon we had a situation in China which make some people loose their trust in future of bitcoin cos they think a government of any country could do something worst in the future. But with the huge trust in bitcoin we had from people of Japan,Africa,America etc we had some sort of increase in price this days.

The question is could bitcoin still skyrocket to $1000 - $2,100 as predicted?

It could happen but, does it even matter? If you are in bitcoin because you believe in the technology and not just to make some quick buck then it does not matter if it skyrockets or we just see a slow appreciation in price, the opportunities will present themselves and you will be there to take advantage of it.

What you said right here mate remind me of the MIT technology saying " cryptocurrency has reached a three-year high, but it doesn’t matter". My believe is that someone which use bitcoin as investment ought to have glad tidings through it.

BTCLovingDude

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BTC to the moon is inevitable...

Quote from: hase0278 on February 08, 2017, 04:55:23 PM

The price of bitcoin can still skyrocket I think. As far as we can see, it's price is slowly moving upwards but it looks healthy that way. In the next few weeks or months, There will be a skyrocket if this current pump continues and many more users might start using bitcoin too that might help drive the price up even more. The bitcoin holders also help in this current pump by not selling all the coin they got now.

unless something big happens you really shouldn't expect a skyrocket price meaning a huge fast price jump. and that something big can be mass adoption or some other similar news of a big company adopting bitcoin.

instead you should be expecting slow price rise similar to the past few years of bitcoin price rises.

n0ne

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Quote from: hase0278 on February 08, 2017, 04:55:23 PM

The price of bitcoin can still skyrocket I think. As far as we can see, it's price is slowly moving upwards but it looks healthy that way. In the next few weeks or months, There will be a skyrocket if this current pump continues and many more users might start using bitcoin too that might help drive the price up even more. The bitcoin holders also help in this current pump by not selling all the coin they got now.

The price of bitcoin is quite stable and moving within certain limits. The market of China as well other issues haven't impacted much. This is the real potential growth, expect that the price will skyrocket soon, else can experience by the middle of the year , as the price is in the increasing phase from the year start.

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