a month ago if you asked me what the price will be in mid May, i would have told you that it will be somewhere around $1400 if things are good and $1200 if they are bad.
and here we are now! bitcoin has finally hit mainstream with Japan. everyone is talking about it and it is widespread.
all that said, we can be sure about one thing: $6000 until the end of this year woud be a big bubble if it happens.
Topic: Phenomenal rise of Bitcoin price! - page 2. (Read 1241 times)
As we are already witnessing price rise. I think it will reach 6000$ 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? 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?
-> *$6000-> Nope,it won't reach the milestone this year,that's just not how statistics work.You are being hypothetical,over expectations.
-> The reason behind all the price increase models remain the same,increase demand,less supply.The external events are do influence the holders.
Yup i think at the start of the year i read $3k is the target, its increase yesterday was pretty intense and thought it was going to not stop until it hit $2k but it took a tumble.
Sure, but hopefully before the end of the year we will definitely hit the 2k target. It's been a really great first half of the year and so I'm optimistic of similar circumstances going forward.
As we are already witnessing price rise. I think it will reach 6000$ milestone this year end. Do you agree? What do you think? What are the reasons behind this price rise?
you are talking out of excitement
$6000 is highly unlikely to happen this year. we are not yet at that much adoption. the current big rise is mostly because of the hype about mainstream adoption but also partly because of the real adoption that happened in a couple of big countries.
and also as always, when price rises and bitcoin gets some positive media coverage, new money comes in, a lot of new investors a lot of new bitcoin users come in and that always creates a bigger rally.
but $6000 needs a lot more time for these adoptions to grow.
As we are already witnessing price rise. I think it will reach 6000$ milestone this year end. Do you agree? What do you think? What are the reasons behind this price rise?
I don't think fresh money will flow in at this rate, if so, then it will be a huge bubble and it will not benefit BTC economy in long term.
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?
no one knows exact reason, some are saying that because of brexit the price of btc is raising.
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 think that's far too ambitious. I'd be happy to see around $2500 by the end of the year. I'd love to see your prediction proved right though.
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.
Yes, 6K level is already beyond what Bitcoin can go at least for this year. Maybe 3 years from now we might see Bitcoin reaching that level and even beyond. For this year, I am expecting that Bitcoin can go maybe 2.5K or even 3K if there would be no corrections on the market. Japan is the biggest stimulus for the Bitcoin surge so far. And since there can be more countries to follow Japan, the price of Bitcoin can really be looking up.
I think it will likely take a tumble in the short term, but long term I can see $2,000 to $3,000 by the end of the year.
Beyond that, expect exponential increases.
Beyond that, expect exponential increases.
I think projection for this year 2017 is $4,000 and we are almost half of it in half of this year. Meaning it is very possible to reach $4,000 and beyond. This phenomenal rise in my opinion is due to demand created by the approval of bitcoin in Japan, Philippines and recently in Australia and many countries are expected to join the bandwagon.
when the price was stuck at $1000 i thought $2000 would be difficult to reach it but apparently it wasn't impossible any longer that even still not hit those price yet but i think it would happened soon however $6000 doesn't really makes sense for me for this year and probably the highest peak only at $3000 on 2017
Yup i think at the start of the year i read $3k is the target, its increase yesterday was pretty intense and thought it was going to not stop until it hit $2k but it took a tumble.
6 grand is a bit much, I must say. Though it is possible, around 2.5k USD would be the price of bitcoin this year (peak price).
This incredible rapid increase in bitcoin's price was due to the wide acceptance of bitcoin, thus, increasing demand dramatically. Since the announcement of Japan that they will accept btc as a mode of payment, many had gained interest in bitcoin and currently, Australia also announced their acceptance of crypto currency. Hence, the rapid increase in bitcoin's price is not so surprising.
This incredible rapid increase in bitcoin's price was due to the wide acceptance of bitcoin, thus, increasing demand dramatically. Since the announcement of Japan that they will accept btc as a mode of payment, many had gained interest in bitcoin and currently, Australia also announced their acceptance of crypto currency. Hence, the rapid increase in bitcoin's price is not so surprising.
As we are already witnessing price rise. I think it will reach 6000$ milestone this year end. Do you agree? What do you think? What are the reasons behind this price rise?
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