Topic: Peak of Bitcoin price - page 3. (Read 2421 times)

No one really knows what the peak price will be. You just have to wait and see. Trust your own instincts. It works sometimes.

But really, the price is quite high, if you bought your btc last year on its biggest drop, then i am sure that you can probably gain a decent amount of profit on your investment. But if not, or if you think that your profits still aren't enough, then hold it for the next few months or years. If you can wait longer im sure your profit would be larger.

Bitcoin's price can go to infinity, because if we measure it in terms of U.S. dollars, U.S. dollars can in theory be hyperinflated. Every year new dollars are getting printed, causing other assets to rise in value relative to it. Assuming inflation in the U.S. remains steady, it will likely be years before bitcoin's price peaks from the bull market. I would not be shocked if bitcoin reached $25,000-50,000 in the next 10 years.

Actually we could not speculate at what price is the peak rate for bitcoin. Even with the little dump it will rose for sure, because Im also holding some of my btc. So be prepared on its movement of the fluctuation of btc.

Maybe at the end of this year bitcoin prices will be able to reach $ 5000 or more, of course this is very good for all bitcoin users who are in the world. And all have the same expectations about progress of bitcoin is increasing.

Agreed that no one know what will be the peak. IMO, Bitcoin peak seems to be $4300 to $4500 at this moment. After correction, it will continue rising probably to $7000.

And final in today, this trend has ended with the situation falldown the price of Bitcoin on market. I hope Bitcoin not like last week continue increasing up the price fast, need stable and create new base price at range $3000 better than growth.

u mean, the pick that is hghly unpredictable but is going to be huge so hold on. i believe we will get there when all bitcoins have been mined. If you bought when the prices were low i suggest you sell it now since the next big uphill i believe will be on the 1st of December but you can hold if you are really looking to make it big with cryptocurrency

Hello guys,
I agree in this statement.But you ask some people,someone will answer each other.

There is no peak of bitcoin price. Each day we see a new high price these days and we have no limits on where this bitcoin prgress will stop. I think we are heading to the point where all expectation of bitcoin price will be overcomed.

My prediction would be around $5000 to the end of 2018.... based on the resent price behaviour and some historic data for

this year so far. It is always difficult to predict the price of Bitcoin, because the Whales are not behaving in a specific pattern,

but rather in a cycle and you cannot predict the intervals between these cycles. 

Because Bitcoin has made news around the world due to the sudden increase in price, everyone is excited to join especially those who are from the stock market industry who have not actually invested in Bitcoins. All of a sudden they focused their attention and analyze the growth of Bitcoins as if they are experts and have been with the community for a very long time. Although it is foolish to ignore their tools and skills in analyzing buying and selling trends of commodities which they are experts in; to allow them to dictate what will happen in the coming days or weeks or months is equally foolish.

Bitcoin does not have a life of its own. Its value increases and decreases based on our buying and selling habits. Allow me to use my experience as an example. Prior to August 1, 2017 when the hard fork was implemented, I have 5 bitcoins that I wanted to convert but could not because of the hard fork. I bought the 5 bitcoins at USD 2,679.47 per BTC towards the end of July. Fast forward to August 13, 2017 the value of bitcoin increased to USD 4111.12 If you were in my position, wouldn't you convert the 5 Bitcoins? Well, I did and I gained USD 7,158.25 profit. Now the question is, how many people did the same thing? Why should today be different?

What you are seeing right now is natural human behavior, bought it low and is now selling it high. In the process, causing an impact in the form of dips or "correction" in the market. The counter intuitive thing to do for those who are not in the position to sell because they have not yet hit their target profit is to hold on to their Bitcoins. I say counter intuitive because right now, the value of bitcoin is going down and they are intuitively starting to panic and are actually contemplating on minimizing their loss. If they do that, not only do they hurt their financial position they also contribute to the further decline of the value of bitcoin which should not be the case.

The right thing to do is buy because btc is low and buying more when it is low will push the price back up. When you get to a profitable position then sell so that others may buy low and sell high too. This should be the cycle to ensure continuous upward trend.

Unfortunately this is wishful thinking. Herd mentality is slowly creeping in and the stock market analysts are spreading words of doom like "bubble" and "correction". If you search the internet for Bitcoin news you will find that these are the same people who are saying that the value of Bitcoin will reach the USD 10,000 mark in the coming months or years.

Lucky me, I decided to sell the other day. I guess I will just have to wait for the herd to run lose and finish panicking and start buying when the dust has settled.

It's really hard not to get caught up in the panic buys! I think that at this point no matter what you buy BTC at, the investment will pay off.

No one really knows bitcoins peak price and no one can predict that as well, you just have to trust your instincts if you really wanted to invest in bitcoin. Its a lot of risk to take I tell you but it'll be worth it once you see the profits in a few years.

I like your predictions, man. I am really crossing my fingers for the 7000$ target before the end of this year.

By the way, I was a victim of buying at panic last night ha ha ha! now the price went down to 3,800$. If that was the peak he was talking about then his question has been answered. 

This is not the limit. In some way, Bitcoin Cash has contributed to the current situation.

what peak ? i think no because bitcoin price always growing overtime and for now its not even on the peak so i think there will be about 5000& next year if bitcoin goes stable like this time , but who knows right ? also we got bitcoin cash now

We already hit the peak price at $4,200 and if did never sold at that price you have to wait again. The price is getting lower again today, and it's back at $3,880 though this is still a good price for me and I don't expect some more dips. But if you want to get better profit just keep on holding as no one what will be the next price peak.

If it's said about local peak it's likely. The rally couldn't last forever. Anyway after consolidation/ correction next target is 5k for medium term.

I think we hit the resistance at 4300$ and it is going down now. We will see how low this will go and know the current support. I hope it does not go too low. It is not selling at this point but buying is a good option.

I really really hope it goes higher for a long time cause i am just getting started....