I don't think so, sooner or later we might see another massive crash in crypto if chinese government will officially release statement regarding ICO ban and shutting down of local trading platforms.
Hold whatever you have in fiat to get some cheap bitcoin along with other alts.
Topic: Last chance for cheap Bitcoin? - page 2. (Read 1563 times)
The major increase in bitcoins was only due to Segwit and then it dropped too in between. In Sept 2015, the price was $236 then in SEpt 2016 it was $600 and now it's more than $4200 which means there is no stable growth in the currency but it's just based on speculation. Fortunately as many had predicted in 2015 that the currency will drop to $100 when it suddenly increased to $500, today they wouldn't have imagined it to reach $4000-$5000+. Japan accepting bitcoins was a huge plus as well and if more countries start accepting bitcoins, we could see a price of $8k next year.
I was here in that time, I started to learn about bitcoin in August 2015 and joined here in forum short after. Price was around 200 dollars and even then there were many speculations about bitcoin price. You give a short version of past two years, but you forgot couple things like halving, last year one big exchange was hacked. I also remember many similar threads like this one, buy while it's cheap and under 500 dollars, and thread with question to sell or hold more? Its like history repeating, buy while its cheap and under 10000 dollars. I believe this stories will come true again, and this time I'm holding.
The major increase in bitcoins was only due to Segwit and then it dropped too in between. In Sept 2015, the price was $236 then in SEpt 2016 it was $600 and now it's more than $4200 which means there is no stable growth in the currency but it's just based on speculation. Fortunately as many had predicted in 2015 that the currency will drop to $100 when it suddenly increased to $500, today they wouldn't have imagined it to reach $4000-$5000+. Japan accepting bitcoins was a huge plus as well and if more countries start accepting bitcoins, we could see a price of $8k next year.
I heard that the price of bitcoin will be around 10k by the end of 2017.
Well,it seems to be a little bit hard for bitcoin price to almost double to reach $10k by this year end.We have one obstacle before bitcoin could take off.In november,most miners have decided to activate segwit 2x by once again hard fork as they had signed earlier in may 2017 in NYA(New York Agreement).Only after that,we could expect price hikes in bitcoin.But now,due to china banning ICOs and banning bitcoin exchanges,price is very low and it seems to be a good opportunity to buy bitcoins.
So if I have a good understanding about the inherent expansion in value because of the limited supply of bitcoin, and the fact that countries are using and even legalizing Bitcoin as it filters into more societies and exchanges, is it the last chance to buy cheap or at least affordable bitcoins?
Will they cost 10k by December 15-20k next year?
Or do we have more time to collect them at cheaper rates?
Will they cost 10k by December 15-20k next year?
Or do we have more time to collect them at cheaper rates?
by December the maximum it can cross is between 5000 to 5800, more then that i dont think so, because right now the Bitcoin is in the accumulation period and we can see the price going down also. So if you are thinking of buying then you can split and buy on all bottoms.
So if I have a good understanding about the inherent expansion in value because of the limited supply of bitcoin, and the fact that countries are using and even legalizing Bitcoin as it filters into more societies and exchanges, is it the last chance to buy cheap or at least affordable bitcoins?
Will they cost 10k by December 15-20k next year?
Or do we have more time to collect them at cheaper rates?
Will they cost 10k by December 15-20k next year?
Or do we have more time to collect them at cheaper rates?
by December the maximum it can cross is between 5000 to 5800, more then that i dont think so, because right now the Bitcoin is in the accumulation period and we can see the price going down also. So if you are thinking of buying then you can split and buy on all bottoms.
Will they cost 10k by December 15-20k next year?
$10k by coming december will be over optimistic speculation, I think price can easily cross $5k by end of this year and might be it will be around $9k and $10k by next year if everything works as predicted. Transaction fee is still high and that might cause huge hurdle in future, when lightening network will be activated than we can expect quite good pump in bitcoin price because sending bitcoin might cross almost zero when lightening network will be there. Nobody can say this is the cheapest bitcoin price we will ever have but personally I think current price level is good entry point.
Just be careful with the "buy the dip strategy. According to the following article, we're due a reversal:
https://www.cnbc.com/2017/09/12/bitcoin-is-the-most-crowded-investment-in-the-world-right-now.html
https://www.cnbc.com/2017/09/12/bitcoin-is-the-most-crowded-investment-in-the-world-right-now.html
Quote
In a year that has seen digital currency prices go higher not by percentages but multiples, investors are starting to worry that things have gone a bit too far.
Bitcoin is now considered the "most crowded trade," as measured by sentiment in the monthly global Bank of America Merrill Lynch Fund Managers survey. That means investors believe there are too many people on one side of the trade and it could be due for a reversal.
Bitcoin's price has surged about 330 percent this year, the beneficiary of a jump in interest for the cryptocurrency and a growing field of competitors, as well as a flight to alternative assets and, some fear, a speculative bubble.
The Merrill survey is one of the most followed and respected on Wall Street. Conducted during the week that ended Thursday, more than 200 global fund managers with at least $600 billion under management were surveyed.
Bitcoin is now considered the "most crowded trade," as measured by sentiment in the monthly global Bank of America Merrill Lynch Fund Managers survey. That means investors believe there are too many people on one side of the trade and it could be due for a reversal.
Bitcoin's price has surged about 330 percent this year, the beneficiary of a jump in interest for the cryptocurrency and a growing field of competitors, as well as a flight to alternative assets and, some fear, a speculative bubble.
The Merrill survey is one of the most followed and respected on Wall Street. Conducted during the week that ended Thursday, more than 200 global fund managers with at least $600 billion under management were surveyed.
I think this is the cheapest price we can still get, remember there's always a surprise at the end of the year and I'm sure it will happen soon. bitcoin prices will soon skyrocket until December and then down again in January next year.
You can never predict with perfection when it is about bitcoin. It can double its price in 3 months, or it can even drop a half of its price in less than 3 weeks. We can never know if it is our last chance to buy bitcoins at a cheap price, but we can just buy with the hope and belief that bitcoin will go higher than where we are buying it, and that for sure will happen everytime until bitcoin exists.
You can't indeed but with a good analysis you can get close into it ,And based on my own analysis currently it's gonna be a constant drop ,
So i will just waiting until reach the lowest and supported to be bullish again ,
At the end of this year i might make a move to decide buy or still waiting. Let's see.
I dont think bitcoin price will double in 3 months.I think there is a lot of time to invest in bitcoin because its value will keep go up in the next 10 years .There is now way its price will keep decrease. Maybe next it will hit 10k but not this year
look bitcoin surprise its users on every movement, but bitcoin never make anyone to loss, so it may be possible for bitcoin to double its price in just 3 months or may be it takes less then 3 months, we never know.
You might be surprised by the price movements in the short-term, with the price moving up and down rapidly based on the latest news reports and rumours. But in the long term, I am not surprised that Bitcoin has appreciated considerably in value.
You can never predict with perfection when it is about bitcoin. It can double its price in 3 months, or it can even drop a half of its price in less than 3 weeks. We can never know if it is our last chance to buy bitcoins at a cheap price, but we can just buy with the hope and belief that bitcoin will go higher than where we are buying it, and that for sure will happen everytime until bitcoin exists.
I dont think bitcoin price will double in 3 months.I think there is a lot of time to invest in bitcoin because its value will keep go up in the next 10 years .There is now way its price will keep decrease. Maybe next it will hit 10k but not this year
look bitcoin surprise its users on every movement, but bitcoin never make anyone to loss, so it may be possible for bitcoin to double its price in just 3 months or may be it takes less then 3 months, we never know.
Bitcoin is indeed unpredictable. It's true that on just 3 months the price doubled and the long term holders surely profited from this. Time to time bitcoin price is increasing so as early as now so you should buy bitcoin now because soon when the China remove the temporary ban in ICO the price will surely skyrocket.
I dont think bitcoin price will double in 3 months.I think there is a lot of time to invest in bitcoin because its value will keep go up in the next 10 years .There is now way its price will keep decrease. Maybe next it will hit 10k but not this year
look bitcoin surprise its users on every movement, but bitcoin never make anyone to loss, so it may be possible for bitcoin to double its price in just 3 months or may be it takes less then 3 months, we never know.
fluctuations are a part of any other market too.
and unpredictable fluctuations are also a part of any market also.
the issue is that most people around here who are investing in bitcoin are extremely inexperience and unwilling to educate themselves. they think if a rise happens it must be a pump and a bubble and they think if a drop happens then it must be a bubble popping and end of bitcoin!!!!
but if they bother to check any other market they can see the same things are going on in other places too. but in those market like stocks or forex, the effects are too small because those investors know what they are doing.
I dont think bitcoin price will double in 3 months.I think there is a lot of time to invest in bitcoin because its value will keep go up in the next 10 years .There is now way its price will keep decrease. Maybe next it will hit 10k but not this year
look bitcoin surprise its users on every movement, but bitcoin never make anyone to loss, so it may be possible for bitcoin to double its price in just 3 months or may be it takes less then 3 months, we never know.
So if I have a good understanding about the inherent expansion in value because of the limited supply of bitcoin, and the fact that countries are using and even legalizing Bitcoin as it filters into more societies and exchanges, is it the last chance to buy cheap or at least affordable bitcoins?
Will they cost 10k by December 15-20k next year?
Or do we have more time to collect them at cheaper rates?
Will they cost 10k by December 15-20k next year?
Or do we have more time to collect them at cheaper rates?
Well i don't think that we are going to that high of a price next year. I think that it is much more likely for the price to actually come down a little bit, as the current hype dies down. We should be floating at around $3000-4000 imo next year.
So definitely not the last chance, but one of the last chances if you look at it long term.
BTC is only going to keep going up in the long term and i have no doubts about this at all. $4000 per coin should prove to still be a great investment in the long run.
So if I have a good understanding about the inherent expansion in value because of the limited supply of bitcoin, and the fact that countries are using and even legalizing Bitcoin as it filters into more societies and exchanges, is it the last chance to buy cheap or at least affordable bitcoins?
Will they cost 10k by December 15-20k next year?
Or do we have more time to collect them at cheaper rates?
Will they cost 10k by December 15-20k next year?
Or do we have more time to collect them at cheaper rates?
For me, its unlikely that we are going to see $10,000 this year, but possible in 2018. We still have the looming November fork again so we don't know what's the future of market price of bitcoin, in addition, its really hard to predict the price movement because its very volatile.
But if you are the guy that is willing to invest and are here for the long haul, then I suggest you buy bitcoin today while is it still "cheap", because the future of bitcoin is really bright and maybe the price that you wish could be attain in the next coming years.
I dont think bitcoin price will double in 3 months.I think there is a lot of time to invest in bitcoin because its value will keep go up in the next 10 years .There is now way its price will keep decrease. Maybe next it will hit 10k but not this year
look bitcoin surprise its users on every movement, but bitcoin never make anyone to loss, so it may be possible for bitcoin to double its price in just 3 months or may be it takes less then 3 months, we never know.
You know you are just going to miss this chance if you will not buy because next year would be another year for you to regret and wishing that if only you bought it with no hesitations.
This will depend upon the different counties stance now regarding ICO . As China have banned it and probably will ban exchange as well and thus other country would like to review this and might be possible they too follow China. Thus this will lead to huge crash and might be btc may go down to 3k in coming time unless something this sort does not happen than only btc may reach 5k mark by this month end.
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