Topic: I don't want a $2,000 bitcoin by February (Read 3239 times)

However, it is very possible that even without a big bubble, the price could be $2000 in year end.

i think that later this year it will definitely be possible to achieve such prices, in my opinion 2000 dollars is not a hard achievement to reach thus it will happen in a soon future.

it is not difficult at all, if a huge pump happens it can be reached even faster in like a month or something just look at the mtgox all time high, it happened really fast.

well bitcoin is such a currency that the price of it always fluctuates so people who want to be real holders have to get over it and be patient.

It is right, bitcoin can't reached at $2000 in February, But i think many people know about it that it is impossible that bitcoin rise too fast and suddenly reach at $2000. and as you said in March bitcoin decrease at $200, So it is also impossible that bitcoin down too fast, I think we should have patience and see what is happening, nothing bad anything with bitcoin. Now bitcoin still rise up but not too fast.

I am not so sure if the SEC decision is really that important.
If it gets not approved, nothing will happen, because it just means bitcoins are not included into funds (what they are not at the moment anyway).
And if it does, bitcoin can go into funds. But who would want to buy a bitcoin fund if he can have real bitcoins?? I do not get that... or am I missing something?

Don't worry today is last day of February and there hasn't been any growth from past few days , I think this is what all of us are looking for a stable growth and it is finally happening, but I'm scared of etf many people are like if it got accepted price will be 10000$ I don't think that will happen but I don't want it to increase all of a sudden.

It's pretty simple in terms of the price.
Nothing big happens until the SEC has made it's decision if ETF gets approved or not.
So expect some more sideways with some up and down swings.Maybe a short spike up to 1300 or so.
If the SEC will approves we will see a few more new ATHs this year.However if the SEC will reject the ETF we will go down to 800 or 900 imo. Then many people will buy those coins and I expect a bounce back to 1000.
And what happens after that is hard to say.Maybe some sideways movements and a target of 1500 max until the end of this year.
That's just my opinion and a bit of wild guessing just in this moment.So don't take it too seriously.

It won't be happen anyway. If SEC approve winklevoss ETF, we expected bitcoin reach $2000 soon. This year will be so interesting and different from 2013 obviously. If there's nothing happens or ETF get denial, then I guess bitcoin could grow up to $2000 in the end of the year. However, I agree that bitcoin suppose to rise slowly but stable instead of rush but suddenly fall down in the next day.

This is the best statement so far, let's not get trick by the price movement and just like what experts said, we should see the volume of adoption than the current price movement. If the volume does commensurate with the price movement then it means we are going to the moon again.

End of this year probably or next year... not in Feb.... it just wont... if it does, u might wanna sell at that price

It seems difficult to achieve in the next 3 months, unless there are big news which brings advantages of bitcoin. Everything looks natural, i.e. stock and demand, but I'm optimistic price of $2.000 will be achieved this year, so all of the bitcoin will never I sell for now and this year.

Yeah it's normaly happen with bitcoin after fast pump we will faced fast dump and I think bitcoin not already have big support that push the price till reached $2000.

Yeah that's pretty much my mindset right now, and it was same during the December rise I did not want bitcoin to get up to $1000 before 2017, but well it did and it turned out well. $2000 is bit of a stretch I am pretty sure it won't happen by end of February, just one more day is left in Feb anyways I am rooting for a gradual rise to 1500 by mid 2017 atleast.

I agree that fast pump leads to fast dump, it is like that with btc. I'm watching this high price and I wonder for how long bitcoin can hold here.
I prefer stability, this pumps always freak me out. I will sell a part of my stash just in case, I dont know why but I'm sure that we will see price under 1000 $ again. Bitcoin is not ready for 2000$, for me this is a pump. We will see who was right for couple months.

Well, I am always ready to see the price of bitcoin becomes higher. maybe I'll take it, if the price of bitcoin rose to $ 2,000 this month. but, looked briefly again in February has ended, it might be something that is not possible. so, let's hope that bitcoin prices will be higher in March 2017.

Thats what i prefer and would like to do, long term investment, if i would have money to buy bitcoins. To buy and keep it for a while and sell later for USD. The bitcoin price grows faster than dollar inflation so it still worth it. Also ETH keeps growing in time . Some small drop prices will be always but after a month or 2 the price is always higher. Am i right ?  

Wish i could get back in time and purchase some bitcoins for $0.2/1 BTC in 2009 and sell them by the 2018 new years' eve  
Inflation calculator :
$5 in 2009 equals $5.63 in 2016.
http://www.saving.org/inflation/inflation.php?amount=5

If you're unfamiliar with Bitcoin and how the market works, then you shouldn't use Bitcoin as an investment tool. It's that simple. Because if you do, then it's basically the same as gambling since you just rely on hope/luck. Other than that, if you happen to make a wrong calculation where you end up buying at a level that turns out to be on the higher side, just keep holding, because as long as you aren't selling, you won't lose anything.

It's maybe more scary for people, who are not familiar with bitcoin at all. Because they can't even imagine about risks, if they don't get informed, that it can drop anytime. If we get that target 2,000 $ for 1 bitcoin it would be insanely scary, if it goes down we probably all, will get robbed.
Better to exchange them, on specific tense

You wont see now a $2000 bitcoin, but will see it for sure later.
china is buying/gathering most of the bitcoin and thats maybe because some millionaires are investing in buying plus some of the biggest bitcoin-farms  are in china. In other words some people is buying high amounts of bitcoin, some are owning already thousands of bitcoin or hundreds of thousands in wallet. I have seen some time ago a wallet address (while trying to track down a HYIP scammer address) with more than 100,000 BTC. (calculate it into dollars and see how much is worth it )
When bitcoin will reach its 21 millions units ,most of it , over 80% ,will be (i think is already) owned by chinese millionaires and they'll sell bitcoin at their price releasing only small amounts in order to create a higher demand/price.
I estimate a price of 2000-2500$ / 1 BTC when bitcoin reaches 21 millions units (when the mining Reward will be over , now it's 12.5 BTC)
And i don't foresee any permanent drop of the price of bitcoin from now on (maybe just some bubbles), nor constant price for long time , but only increasing ,very possible also if the dollar inflation keeps increasing too.
I'm not scared of bitcoin increasing price, i'm scared because i don't have money to buy now and sell later bitcoin. Bitcoin price is increasing faster than the dollar's inflation rate.

I am one who does agree with you. I dont know if I am just scared of what might happen or just freaking out.
Many eyes will be looking at it and will do something to bring it down. Look at how it grows more even with the transactions that are not completed are going with heavy traffic.
Something is just not right. When it climbs to $2k that is more scary.

I think the price will decrease to around 1000 usd for time being once, before the worth of each bitcoin can rise we need to solve the problem wit the 1MB blocks.
I have personally not much knowledge about Bitcoin unlimited or Segwit, but i do know that this problem needs to be solved before we can get to 2000$.