Phenomenal rise of Bitcoin price! | Bitcointalksearch.org

Nerman

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Quote from: Periodik on January 07, 2018, 04:43:53 AM

Quote from: skorupi17 on May 12, 2017, 03:07:35 AM

6 grand is a bit much, I must say. Though it is possible, around 2.5k USD would be the price of bitcoin this year (peak price).

This incredible rapid increase in bitcoin's price was due to the wide acceptance of bitcoin, thus, increasing demand dramatically. Since the announcement of Japan that they will accept btc as a mode of payment, many had gained interest in bitcoin and currently, Australia also announced their acceptance of crypto currency. Hence, the rapid increase in bitcoin's price is not so surprising.

Those were the days. This old thread has one very important lesson to give us. And that is Bitcoin moves and grows beyond our expectations. When Bitcoin started, it was considered very high already for it to reach $5. But then in the end $5 was proven to be so low a price prediction. Here, in May of 2017, the speculation was very little for Bitcoin because it was almost absurd to think that Bitcoin will be reaching as high as $6,000 in December of 2017. $6,000 was considered a very ambitious target back then. But then for the nth time, Bitcoin proven everything wrong because it even went as high as $19,000 in December.

Exactly,right now i cannot imagine if bitcoin drops to 6k, on august i also thought that we will end at around $8k and reaching $20k will be months or years away but now most of investors predicts that we may see the price as high as $40k. I hope they are wrong again andbitcoin exceeds expectation.

aditya6997

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Quote from: Periodik on January 07, 2018, 04:43:53 AM

Quote from: skorupi17 on May 12, 2017, 03:07:35 AM

6 grand is a bit much, I must say. Though it is possible, around 2.5k USD would be the price of bitcoin this year (peak price).

This incredible rapid increase in bitcoin's price was due to the wide acceptance of bitcoin, thus, increasing demand dramatically. Since the announcement of Japan that they will accept btc as a mode of payment, many had gained interest in bitcoin and currently, Australia also announced their acceptance of crypto currency. Hence, the rapid increase in bitcoin's price is not so surprising.

Those were the days. This old thread has one very important lesson to give us. And that is Bitcoin moves and grows beyond our expectations. When Bitcoin started, it was considered very high already for it to reach $5. But then in the end $5 was proven to be so low a price prediction. Here, in May of 2017, the speculation was very little for Bitcoin because it was almost absurd to think that Bitcoin will be reaching as high as $6,000 in December of 2017. $6,000 was considered a very ambitious target back then. But then for the nth time, Bitcoin proven everything wrong because it even went as high as $19,000 in December.

true...

Periodik

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Quote from: skorupi17 on May 12, 2017, 03:07:35 AM

6 grand is a bit much, I must say. Though it is possible, around 2.5k USD would be the price of bitcoin this year (peak price).

This incredible rapid increase in bitcoin's price was due to the wide acceptance of bitcoin, thus, increasing demand dramatically. Since the announcement of Japan that they will accept btc as a mode of payment, many had gained interest in bitcoin and currently, Australia also announced their acceptance of crypto currency. Hence, the rapid increase in bitcoin's price is not so surprising.

Those were the days. This old thread has one very important lesson to give us. And that is Bitcoin moves and grows beyond our expectations. When Bitcoin started, it was considered very high already for it to reach $5. But then in the end $5 was proven to be so low a price prediction. Here, in May of 2017, the speculation was very little for Bitcoin because it was almost absurd to think that Bitcoin will be reaching as high as $6,000 in December of 2017. $6,000 was considered a very ambitious target back then. But then for the nth time, Bitcoin proven everything wrong because it even went as high as $19,000 in December.

reck1ess

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Quote from: aditya6997 on May 12, 2017, 02:49:33 AM

As we are already witnessing price rise. I think it will reach 6000$ milestone this year end. Do you agree? What do you think? What are the reasons behind this price rise?

Looking at this old post, we really are not expecting this to happen. On that time we were just expecting it would reach around $5000-6000 at the end of the year yet it reaches $20,000. I have also read old comment that $2,000 would be more realistic but now look, it is so real.

aditya6997

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Quote from: bitbunnny on May 12, 2017, 06:29:18 AM

6000$ this year? Are you nuts? Guys let's be serious. I agree that the price is great at the time and we all secretly wish huge numbers but we have to stay with both legs on the Earth. And in our minds we all have to keep the possibility that the price can go down also and that the pump will not go indefinetely. Market has its rules.

now even $40k is not very distant! i think so..

aditya6997

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now look guys where the price is?

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Quote from: aditya6997 on May 12, 2017, 02:49:33 AM

As we are already witnessing price rise. I think it will reach 6000$ milestone this year end. Do you agree? What do you think? What are the reasons behind this price rise?

I am pessimistic if the bitcoin price reaches 6000USD. It is that which is very difficult to achieve. If it does happen there will probably be a bitcoin transaction density and some of the world's finances will fall apart.

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Quote from: Juggy777 on May 12, 2017, 08:42:48 AM

Quote from: aditya6997 on May 12, 2017, 02:49:33 AM

As we are already witnessing price rise. I think it will reach 6000$ milestone this year end. Do you agree? What do you think? What are the reasons behind this price rise?

The moon is looking so big from my Windows a just need to get to a height and I can catch it, I hope you get the sarcasm. 6000$ on what grounds that's almost 3x rise you are predicting for the Bitcoins. Do you even know Bitcoins? I feel you should do more research short term 2000$ is evident year end 3000$+ could be a reality if all news are positive and no bad news come. If someone is misleading you, be careful not to fall for such traps. It's a good time to buy and make your bank account richer in near future but not the amount you think.

3500 is the right price for bitcoin forecast by the end of next year, looking at current prices that have reached 1700 with a very high level of satisfaction, 2000 is the best most stable amount of the year if positive trend continues to grow massively. This can't be separated from segwit, litecoin, and japan some time ago.

Juggy777

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Quote from: aditya6997 on May 12, 2017, 02:49:33 AM

As we are already witnessing price rise. I think it will reach 6000$ milestone this year end. Do you agree? What do you think? What are the reasons behind this price rise?

The moon is looking so big from my Windows a just need to get to a height and I can catch it, I hope you get the sarcasm. 6000$ on what grounds that's almost 3x rise you are predicting for the Bitcoins. Do you even know Bitcoins? I feel you should do more research short term 2000$ is evident year end 3000$+ could be a reality if all news are positive and no bad news come. If someone is misleading you, be careful not to fall for such traps. It's a good time to buy and make your bank account richer in near future but not the amount you think.

Theb

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What is the basis of your price target for Bitcoin? Because 6000$ is a big target for Bitcoin to be even having with just your assumptions. Just by looking at the chart you just need to see that Bitcoin is on a long term uptrend and the bad thing about a long term uptrend is the higher chance of having a big price correction, and what I mean about that is it can fall deeply to what is it now. Its five months out before the year end and I think 6000$ is to big for a price target.

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Quote from: aditya6997 on May 12, 2017, 02:49:33 AM

As we are already witnessing price rise. I think it will reach 6000$ milestone this year end. Do you agree? What do you think? What are the reasons behind this price rise?

Its much high and i think bitcoin price will reach $3000 by this year end.Japan accepting bitcoin as payment legally and increase in demand for bitcoins in japan following it,improvements in Australia related to bitcoin are some important reasons for price increase.

Barbut

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Quote from: bitcoinisbest on May 12, 2017, 06:48:49 AM

Quote from: markjamrobin on May 12, 2017, 06:43:42 AM

Quote from: marketone on May 12, 2017, 06:34:01 AM

Many people have different experience on guessing the price of bitcoin, but everyone knows that after Japan makes bitcoin is a legalized currency in their country then the price of bitcoin increasing, no one knows where it will stops.

Yes, the Japanese government accepts bitcoin, which is why the bitcoin is rising rapidly, however, the bitcoin value is always moderately controlled, in other words, virtual currency. Never change the value of cash, it is always dominated by governments.

Well yest after this decision bitcoin price is on boom and it has crossed 1800 +. lets us wait first now if this will cross 2000$ or some dip will take place before it rises further. On the other hand awaiting news from India if they decide to ban or make it legal let us check out.

And not just Japan, Australia is also making some new regulations regarding bitcoin, they will not be double taxed like it was case until now. They lost a lot of money cause some companies left Australia, and now they are doing this and promising huge investments in technology sector. All that is good and this rise is phenomenal, but I'm not sure that we can hold this high price, this is the effect from the good news in some point people will start to sell coins and we will see price going down.

bitcoinisbest

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Quote from: markjamrobin on May 12, 2017, 06:43:42 AM

Quote from: marketone on May 12, 2017, 06:34:01 AM

Many people have different experience on guessing the price of bitcoin, but everyone knows that after Japan makes bitcoin is a legalized currency in their country then the price of bitcoin increasing, no one knows where it will stops.

Yes, the Japanese government accepts bitcoin, which is why the bitcoin is rising rapidly, however, the bitcoin value is always moderately controlled, in other words, virtual currency. Never change the value of cash, it is always dominated by governments.

Well yest after this decision bitcoin price is on boom and it has crossed 1800 +. lets us wait first now if this will cross 2000$ or some dip will take place before it rises further. On the other hand awaiting news from India if they decide to ban or make it legal let us check out.

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Quote from: marketone on May 12, 2017, 06:34:01 AM

Many people have different experience on guessing the price of bitcoin, but everyone knows that after Japan makes bitcoin is a legalized currency in their country then the price of bitcoin increasing, no one knows where it will stops.

Yes, the Japanese government accepts bitcoin, which is why the bitcoin is rising rapidly, however, the bitcoin value is always moderately controlled, in other words, virtual currency. Never change the value of cash, it is always dominated by governments.

SoulBargain

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Quote from: bitbunnny on May 12, 2017, 06:29:18 AM

6000$ this year? Are you nuts? Guys let's be serious. I agree that the price is great at the time and we all secretly wish huge numbers but we have to stay with both legs on the Earth. And in our minds we all have to keep the possibility that the price can go down also and that the pump will not go indefinetely. Market has its rules.

I highly agree. They have gone into a wild imagination regarding the speculation of Bitcoin price this year that it doesn't make any sense at all. The price of Bitcoin as others are optimistic about it is $2000 and I might as well agree that it may reach at $3000 base on the recent news but still $2000 is more likely to happen.

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Many people have different experience on guessing the price of bitcoin, but everyone knows that after Japan makes bitcoin is a legalized currency in their country then the price of bitcoin increasing, no one knows where it will stops.

bitbunnny

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6000$ this year? Are you nuts? Guys let's be serious. I agree that the price is great at the time and we all secretly wish huge numbers but we have to stay with both legs on the Earth. And in our minds we all have to keep the possibility that the price can go down also and that the pump will not go indefinetely. Market has its rules.

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Quote from: aditya6997 on May 12, 2017, 02:49:33 AM

As we are already witnessing price rise. I think it will reach 6000$ milestone this year end. Do you agree? What do you think? What are the reasons behind this price rise?

It's hard to believe what you're saying. I think you should think hard before talking about anything. The $ 6,000 incremental bitcoin is an impossibility, without any factor that can impact and make that happen. An advice for you, look at the fact, despite the high value of bitcoin, its popularity is declining in the market, do not illusion anything similar. That's a stupid.

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Quote from: aditya6997 on May 12, 2017, 02:49:33 AM

As we are already witnessing price rise. I think it will reach 6000$ milestone this year end. Do you agree? What do you think? What are the reasons behind this price rise?

Seriously 6000$ Huh

well i'm not an optimistic guy but all i can say that bitcoin price would be touch 2k dollars in the near future on the other hand it might be down but not too much. If you're talking about when bitcoin hitting 6000$ i think maybe in 10 years later or so not this year it such an impossible to happen unless you tell me the reason why bitcoin could hit 6k dollars this year, however many people out there predict that it could rally to $2,000 in few months, let's see what will happen.

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Quote from: pearlmen on May 12, 2017, 05:43:22 AM

Quote from: aditya6997 on May 12, 2017, 02:49:33 AM

As we are already witnessing price rise. I think it will reach 6000$ milestone this year end. Do you agree? What do you think? What are the reasons behind this price rise?

With the way price is going, its not out of place or out of order to start assuming that it could get that high but the simple truth there is that can it actually reach that high without forces trying to curtail such influence. The issue is that bitcoin has been able to be potent against the news coming from China to wittle it down but in this case I see beyond China coming with the attacks and when it happens, will bitcoin be able to stand that and still maintain the increment in price?

Well also one potential of it to grow that countries may start to adopt it aside from Japan. Cause it already is affecting world economy and business worlds. What we can observe in the near future is that goods can now be transacted through bitcoin. Today it might have problems but i think that is expected to be fix because this is only just one of other problems btc may encounter.

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