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$.

I have feeling optimism if on the 11 march and bitcoin will be touching the new ATH, with the slow movement  but the price of bitcoin is near on the ATH. i guess that will be more of the SEC will have approved bitcoin in US. Glad to see all of this thing.

Anything above $1200 by this month’s end is asking too much, in my opinion. What I look forward to more is the effect of the SEC decision whether to approve or deny the ETFs this second week of March.  That is why I am still in a wait and see approach and if ever that brings the prices higher, I am just going to wait for $1500 before letting go of some bitcoins.

If ETF will get stamp of approval from SEC then it will be that organic growth and natural progress Op is talking about.
We have to remember that bitcoin is widely under priced according to experts, blockchain potential as the biggest and widely distributed database is underrated.
It is bitcoin users who don't belive that bitcoin is more valuable and are hindering price progression. We should have reach $2k long time ago.

$2k on february? Its not possible and now we are close to an end for this month and we are still on $1100+ price of bitcoin.These assumptions and speculations arent realistic to consider since they are too high and cant be reach on a short period of time of this year.

It's so early in the bitcoin journey, and a few twists and turns here and there can't possibly tell us where it's going. If you've taken the plunge, stick to your guns and follow it all the way through until the end game is clear. This isn't in terms of weeks or months, but years, and I'm betting those of us who stick with it will not regret it!

LOl actually it is not only bitcoin but the whole cryptocurrency.  what would we expect?  Well, about the price up and down, I think as long as the market is unsaturated, the price will continually to increase.  So for now, since Bitcoin market is greatly unsaturated, we can expect bitcoin to continuously rise, there maybe some dip but eventually it will go rise again until its market reach the full saturation level.

"Sell the rumor, buy the fact", it is a well known rule in financial markets, but it seems the bitcoin market is broken all these old rules, so perhaps this is not applicable for bitcoin too.

If we have that $2000 by february that would I guess it will be a better profit for everyone and more will be selling their bitcoin unless some of them will not because of confusions. But if when that $2000 will hit the top it will fluctuate lower, and give chances to others who didn't upon reaching that higher price for the first time.

At least, at this moment, the Segwit adoption is slowly increasing. Although that small rise from 23-24% to 25-26% might not be even statistically significant, it gives me a little bit of hope. Also, Bitcoin Unlimited adoption is falling, so miners may be soon convinced that Segwit is actually the sole option to get more transaction capacity.

I think it 50% of Segwit adoption is reached then we can hope for a definitive solution given that Roger Ver has announced a couple of weeks ago that he would support Segwit if the majority is supporting it.

With the current rhythm of adoption growth we can expect 50% in 2-3 months. Then I consider it valid to expect a new bull run.

When everyone expects the price to go up, it will go down or stay without moving. That's how it works.

I agree with you . 2000USD too high for the benchmark at the end of february. some news reports also stated that there has not been a great sentiment that could change the price of bitcoin is signifcant.

February is almost over and the price is just down the 1200 dollars mark. It is impossible judging by the trend of the price in February that the price of bitcoin will reach 2000 dollars within February. I doubt it will even in March.

thats 2 days left and i doubt 1200$ will achive at the end of month since as i've monitored the price this morning i've seen that the price is just playing for current price and its flactuation is only good for short trade at this moment. And maybe the 1200$ will be achieve on march since i believe the adoption of bitcoins will continously grow on each months passes by.

there are still a few more days to see an increase in the price of bitcoin. bitcoin currently have a movement that tends to be positive. we'll see if at the end of February this bitcoin prices could reach 1200 USD or not.

I guess the approval of bitcoin etf will never bring the bitcoin toward $2000. and the maximum price of bitcoin is $1500 if the SEC already approved bitcoin to sign in the US. Let see what will be doing by the market.

Yeah price is 1158$ now. Hope everyone is enjoying it value is moving to next peak i think but not sure. How long this value reached to this year. This 2000$ expectation will be fulfill on upcoming halving only as it happen like last year halving.

$2000 is possible but not in this few months, near to Q4 of 2017 when the price able to stay consistent within $1.5k mark, we could expect at december of 2017, a 30-50% gain which would be approx $1.8k ~ $2k but tbh, $2000 for a bitcoin seems to be more than its intrinsic value as a digital coin imo

An ETF is a collection of stocks or commodities that trades on the stock market. In this case, the ETF would track the bitcoin price and will allow ANYONE with a broker to purchase the ETF.

A hedge fund is a specialized private fund that invests in a variety of financial instruments. Unless the hedge fund is public and thus has a stock, you wouldn't be able to invest in it unless you had millions of dollars.

do you not look at the chart? the bulls are back now

But really what would be the difference between an ETF and a hedge fund dedicated to bitcoin?
Aren't they essentially the same thing when it comes down to it?
I am new to the whole funds game and got interested into it later when i heard about this ETF approval date is fast approaching.

Right now we can see the price increasing gradually but not to fast. I think it was really good and I agree with OP, I too don't want to see a sudden rise in bitcoin just to see a few days later that it's price is dumped a lot. I like the way the price moves in the current movements since it looks kinda healthy, not like those that happened way back 2013, a manipulated one I guess. I  also hope we will see the new floor price soon too.

You reflects my opinion also.A quick increase in price is not good for bitcoin.
Sudden high rise and fall makes it more unstable and people prefer to stay away.
This come as a great hurdle for btc becoming mainstream.
It also leave a lots of newbies in lose who buy seeing upward trend and lose their money as price fall and the sell out of panic.
I hope bitcoin price goes up gradually not quickly

Your answer is out of context because this thread was opened at the beginning of the year, when the price had just broken the $1000 mark with an important momentum. But now, when February is about to end, it seems almost impossible to see that high price in next days, but perhaps we could see an important correction instead.

In my own speculation like other said there is no possibility that the price can be rise in that amount $2,000 this february..  and i think the movement of the price will be just the same as last year and the movement are just repeating in the little bit similar movements..
To take note we are still not reaching by this middle of the year that i think we will see again 1 hacked exchange site was down that can affect its value..

It isn't going to look that way now.

Maybe next month when everything is going to be going bitcoin's way and the cash be dropping from the heavens.

Op's inner mind fears of price fall, which is the only reason that makes him to expect price increase by march and the price now is quite good without big fluctuations and moving similar to a gradual growth. If the price moves to $2000 in a short span the steeper variation happens which is not good for a healthy growth.

Well I think that it wont happen right now maybe next February,
But in this year it is pretty much impossible so you will definitely won't see it,

I understand what you say, but there is not problem if Bitcoin hits $2000 soon. The price will surely decrease very fast after this happen, but won't decrease so strong like in the past. We already have a solid base near $800-$900, and that is a good price to be.

Bitcoin can hit $2000, down again and rise again, the only thing I know is that Bitcoin won't lose its price because an event like you said.

of course it won't those days are long gone and will never come back, I would even doubt that bitcoin can drop under one thousand dollar price, of course I am not saying it is impossible, but it is highly not likable to happen, bitcoin is really strong right now and it becomes only stronger with time as more and more people jump in, so let's use bitcoin as much as possible and give it the power that it deserves.

Only if the market cap bigger than just enough which cannot manipulated by the capital. Then, I consider $2000 in the nearly future or faster climb is necessary. Yes, slowly increasing but surely make people will not sell their bitcoin simultaneously and massively.
However, significant decrease will make traders sell out bitcoin obviously but it always happens in every rise, such as we are experiencing now after break $1200 point yesterday.

At this point the only thing that keeps me conservative is that there still isn't a single indication that we might see larger blocks become reality this year. If that will get sorted out, then there won't be anything holding Bitcoin back anymore in the coming years, assuming we don't go through another saga of "hacked" exchanges. Other than that, we can be proud of what we have achieved so far.

I agree with the OP. It's too early. That's why I'm also happy that the hype stopped a bit and we are still under the old MtGox high of $1242, which according to my ATH poll is considered the "valid ATH" by a large part of the forum.

There are fundamentals we need to fix first - the most important one being the blocksize / scalability question. It is totally insane to have a FOMO rally now, when almost all newbies are having problems with transactions with a too low fee - the forum is already being flooded with threads about that.

it is a very good thing for bitcoin. It is what brought it so far.


Dont worry it will go through the roof as before. and it will correct as before. All the Fudders will appear again and scream look bitcoin crashed down to 3000 $ its dead. its inevitable.


If you dont like it why dont you just go for a quieter hobby.. collecting stamps for instance

$2000 could be June or July.

This guy, lol.

This cracks me up!!

Ahm in it ta win it like the muthafukkin Marlboro Man.  So da price need ta git its pimply ass thru the ROOF.  Right naw it only onna third flo' of what I will figuratively describe as 1 World Trade Center.  So if y'all folly that, we still gots along ass ways ta go.  I'm down fo' the suckcess of bitcoin, but I wants to enlarge my metaphorical wallet too.  Mmm hmm.

I also would not like 2000 dollar in February because of the fact that it would be too fast and than can easily crash too, not stable at all.

Well, I do not think speculation will give us any respite now. We will continue to see this great volatility these days and have to be vary cautious when deciding the proper time to buy and sell our coins, especially if you don't want to blow your money.

I m a trader therefore I do care about price movements but only really to the extent that I can take advantage of them to acquire more BTC to HODL..

I am never concerned about trading to make more $ or cny or monero, eth, dash, etc... They are all just a vehicle to make more BTC..

Though I do believe BTC will eventually go up in price very high to $10k and beyond, I am mostly in the crypto game for its libertarian/anarchistic ideals of taking power away from banks and governments..

Edit.. But, I would like to add that I do think that a higher, much higher price, is instrumental to the widespread adoption of BTC because we need a bigger marketcap and more liquidity to stabilize price and cut down the volatility..

Volatility hampers real world use and I believe that a larger market cap is what we need to become less volitile..

$100 swings right now are devastating volatility but if BTC were $10k then $100 swings would be much more negligible..

I do not think it will go down that far. We have a healthy support at 800 before the price pushed to over 1000. If it is going down, the bottom will be at 800 and above.

He will go soon at 550$.
2000$ don't think so, but it is possible ... not next month but possibly next year.

We always cannot expect slow and steady price appreciation. Just imagine if we are heading towards $10k price levels then $2000 will be possible before this February itself.

There will be nothing wrong if bitcoin reach there by this month itself too. Because if it reach there then it will definitely reach $10k levels by mid of this year. I agree after that some pullback will be possible still it will be good for all of us.

What I meant was the people currently in support of bitcoin will never allow the market to crash, there will be always a large group of supporters and worrying about the network to crash is not necessary.
Bitcoin mining also remains profitable and that is a well established fact as for the last 4 years you can't find anyone mining bitcoin in loss.

There will be no stopping a massive run up and a crash afterwards.. btc is just too small right now..

There 100% will be another MASSIVE run up and another large crash..

THAT SAID.. $200 is dream land we will never see that price again.  $200 per BTC is history now.

How is it declining fast? we are only 20 dollars away from being at 1000 dollars again... it has resisted the massive correction pretty well in my book.
Also, let's not be naive here: price is extremely important. We need a good price and we need the price to rise over time. The higher the price, the more money that is being trusted into bitcoin being a potential safe haven. We all know as it is today, bitcoin is a poor payment transfer anyway, until we have lightning network bitcoin is gold 2.0 and the "currency" part is just an extra.

I think it takes long time before we can see that the price will touch in $2000 value and i think the movement of the price is normal ..and i think we will see back again the price will be high i think it will start at march april  or may those month that i think we will see that the price will increase above $1k again but for 2k value it takes  years to see that value..

Exactly. I'm not in it to make a couple of bucks here and there. Of course there are plenty of people who are - and that's fine - just not me. I'm in it to change the world.

Technical analysis show that we are going to bounce back staight to 2k soon and after that 10k is possible

I'm with you bro! I don't care about price I care about continued expansion into new markets and mass adoption. For me this is about something much more important than money.  

I accept that history repeat it self but this time history is not going to repeat 2013 event. So everybody looking forward and everybody wish that Bitcoin price should go to the moon or atleast $2000.

Slow and healthy climb/pump is always good however as marketcap of bitcoin can still be considered very low so price can easily get manipulated or have high volatility and even small news/event can trigger movement. But i don't think after touching $2000, price can go down to $200 within one month like you have given in example.  

If the bitcoin reach $2000 in later 2017, it is not so expensive.

I feels too expensive if bitcoin reach $ 2,000. In 2017, I just wanted ETH to be at last $ 50

Yes I'm agree that the fast rise can provok collapse. Add to that it can make governments scare of bitcoin or to see some danger in it. And that can prove je banning from their side. So I'm also for slowly grow without any big surprises.

More than enough people supporting bitcoin? The amount of people who currently use bitcoin is only a drop in the bucket of the amount of people that I hope will one day use it!

though im hoarding alot a coin, i dont care much for the price drama. i dont even look at the price unless i have been prompted by other people drama.

those that understand bitcoin and in it for the long haul dont care much either. but i do have to agree a steady progressive price is better than a rampant price rise.

but with that said the up's and downs are to be expected.
if you are a trader do not panic/cry when the price drops. think of it as a discount day to buy more while cheap. if the price jumps treat it as a bonus day to sell at profit to then buy in later when it settles back down.

if your not a trader, then dont worry about the price

Already more than enough people supporting bitcoin, and the price will always remain profitable for large miners, so I doubt we could ever see prices below $500. what is most important for me other than price is the stability of the network and even more important is the transactions time and confirmations time.

I want a network where any transactions with fees get in blocks less than 20 minutes and I think many people want the same thing as the price growth will set in eventually.

You don't need to worry about the price of 2000$ in February. Now it's down under 1000$ maybe it will be under 850$ soon .
You will see the price of 2000 in next march, 2018 soon.

Don't worry, it won't happen either way. It's already declining rather fast.
The best way is not to look at price at all, but at the number of transactions, that's what determines success imho.

Is there anyone else on this forum who is solely interested in what is best for bitcoin and not necessarily just it's price going through the roof? I suppose if it's price does rise high that would be a good thing for bitcoin, but not always. If it shoots up too quickly because of hype or what have you it could collapse like it did before. However I do believe that if the price crashes all the way back down like it did in 2013 it will only strengthen bitcoin even further, just like it did in 2013. However that doesn't mean that's what I'm hoping for.

I'm rooting for a slow and healthy climb like we've seen the past two years. I don't want to see a $2000 bitcoin by February, only to be followed by a $200 bitcoin in March. What are your guys' opinions?