is this a point of no return 10K - page 2.

Squirtle08

newbie

Activity: 15

Merit: 0

Quote from: jubalix on November 29, 2017, 06:56:00 AM

So the world wide hype machine kicks in, money floods in, goes to 20, 30, 40 K corrects back to 15 or 25K, or do you think we will see a deep correction soon back to say 7000 or something?

Long term I am 100K to 1 M all the way but interested to know your thoughts.

The value of BTC during this last week of November is really quite staggering as we have some setbacks during the 'BCH issue' and I never expected BTC to surpass the $10K mark before December. I was really amazed as how we are going now and I do believe that this is just a start of a great journey. I wonder if we will really see 1M but for the next 2 to 3 years I believe that it's possible we'll be in on 100K. And yeah, before all of this go to a really high value there will always be little up to major corrections, which are really normal and is part of the cycle. Considering all things (attacks and/or whales' price manipulation), maybe we will be back to as low as 6K before we rally to 15K.

btcone111

full member

Activity: 266

Merit: 110

I really hope it would go back to 5K so that I could buy a lot more. However I also realise this is probably what everyone else is thinking - hence it won't correct back to below 10K easily ....

thecodebear

hero member

Activity: 2240

Merit: 848

We are at point of no return. User adoption is just huge right now. Lots of new money coming in organically from new users so buy pressure is immense. Not to mention that institutional investors haven't even started piling in. Granted there might be a crash soon back to $8000 or so but just as the crash a few weeks ago it will be very short lived as there is just too much new money coming in to Bitcoin. When ETFs get approved and hedge funds start listing Bitcoin...forget about it! Bitcoin is starting to achieve escape velocity. Expect a decent possibility of 2018 blowing away all your predictions. I'm talking about the possibility of the $5000 gains this month becomes a pretty normal thing next year (with a few down periods mixed in there), could very well be on the other side of $50k a year from now.

Giamme

newbie

Activity: 71

Merit: 0

I see two possibilities. Falling back with a 2k-3k decrease or growing like hell. I think it all depends on mass media.
10k is a milestone and a symbolic number that can make mass media talk all the fuck about BTC bringing more and more people into the game.

DaMut

sr. member

Activity: 1274

Merit: 263

we should remember the fact that right now the price is 'quite' high,
if we're talking about its real value i never doubt it that it's surpassing this level.
but bear it in our mind that it's a 'new thing' in our life and for people transition is a something that we need to consider carefully.
so i believe the price will not surpass $15.000 or reaching that level and the correction happen,
a year ago altcoin get pumped so hard and moving 5x~10x from its average price,
after that Bitcoin price moving upward like crazy without showing a long downturn.
which mean next year we should see the price consolidating around $7000 more or less.
but,everything can be happen with it.

jubalix

legendary

Activity: 2632

Merit: 1023

So the world wide hype machine kicks in, money floods in, goes to 20, 30, 40 K corrects back to 15 or 25K, or do you think we will see a deep correction soon back to say 7000 or something?

Long term I am 100K to 1 M all the way but interested to know your thoughts.

Topic: is this a point of no return 10K - page 2. (Read 635 times)