Topic: Reaching 3000 usd after 3 weeks - page 2. (Read 2297 times)

For supporting your expenses you have to use your bitcoin because we are here to earn money are only for to support out expenses but if anyone or you can hold your coins then you have to hold because now the price is down and if you will wait for a few weeks then you will see the price of bitcoin at more than $3000 and you will be able to get more money from your bitcoins.

Gamblers have always been part of the market in Bitcoin. It was like that back in 2013, and it's still like this today. It has to do with their lacking understanding of Bitcoin, as they only focus on the market itself. For them Bitcoin as technology, network, capabilities, etc, doesn't have any real value. It's just the gains that they are after. Just look at the threads that pop up after the price is correcting -> Why is the price down 15% today? -> can Bitcoin become worthless? -> I think Ethereum will take over Bitcoin because the price is going down -> I lost $100 today, shoud I sell? It's funny that the market is the only thing they care about, and yet they don't know anything about it.

Why do you respect this issue just the possibility of yes or no, and do not give an example of how this can be done. Of course 3000 dollars for 3 weeks is not so much, but that's a lot of nemudenie.

Yes you are right that Bitcoin will reach $3,000 few weeks or months because the price of Bitcoin is going to increase and I am sure that it will reach $3,000 again, so we need to hold our Bitcoin for making some profit because when the price increases then if we sell Bitcoin at that time then it will be very profitable but if you need to convert your Bitcoin for some daily expenses then it depend on you but let me say that do not convert your all Bitcoin into fiat keep some of them through make some profit.

I checked coinmarketcap.com and it looks like that bitcoin is not the only coin that is affected with this dumped. Most of the coins are in red tag so for sure it is now getting ready to be pump. I'll wait for 3 weeks and we'll see if bitcoin is going to reach again high @$3k and possibly gets higher.

who said bitfinex was hacked? that's right they said it. we don't know anything. they may have had some money problems looking for a way to buy more time. it certainly wouldn't be the first time.
and hackers have always been around. they never go anywhere. the money attracted them long ago.

We have become so accustomed (and spoiled to a certain extent) to bitcoin breaking new highs but when the price starts to pull back, the FUD starts clouding our judgment which leads to premature or panic selling. That makes the price go even lower, which some smart investors consider as a good entry point for a new play. Talk about someone's loss and somebody else's gain.

When you remember how last summer, in the year of 2016, the largest Bitkinex trading platform in Bitfinex was hacked, then you start worrying about what will happen this year. I'm sure that the price of Bitcoin attracts more and more hackers.

well bitcoin was never capable of making you rich overnight! and the rises although being big sometimes were never that big to go up like 1000% llike what altcoins do.
but the long term game is always a winner. price is rising at least 150% per year and nothing could stop it in the past 8 years apart from the one time Mtgox scam.
in any case it doesn't matter what some people do, there has to be someone selling so that we (who know the potential of bitcoin) can buy it cheap and make the profit. it is a cruel world that not everyone can win.

Ï think people are too afraid of a hardfork in August and are afraid to hold Bitcoin in long term, so there is a lot of sell pressure.

If the situation resolves well in August, then the bull rise may keep going.

I think we won't see 3000 USD after 3 weeks from now. Bitcoin has been on the steady upward trend this past months and I think a dump is bound to happen later on when that pump stops at some point. In a few weeks we might see price ranges below 2000 USD again but there is still the probability of bitcoin touching 3000 USD after 3 weeks but the chance of it happening is quite low.

Exactly that is false. The fundamental mistake underlying this comment is the assumption that a rally can indefinitiy sustain itself, even northwards of 1,000,000,000,000,000 USD per BTC. That is of course nonsense: the price can only appreciate so far until selling pressure becomes too strong, and a correction takes place. There's also no guarantee appreciation continues towards inifinity. You however do have the guarantee it will stop at some point, and that point might as well already have been reached.

Bitcoin is losing dominance quickly, down from 85-90% market dominance to 38% or lower today. This happened in  the span of a few months. A position that was untouchable for years, but destroyed in a mere few months. Money keeps flowing into crypto, but other alternatives seem to be doing way better so far. ETH and XRP appreciated way more than BTC did this year, and that should give some food for though if you're unbiased and neutral enough to look into the tech of said alternatives, or other credible crypto alts, few as they are.

To get back at what you said in the end: common sense now is selling in my view, as Bitcoin at this point is a high risk, low reward investment if you continue to hold at this price level. Make your own decisions though, always.

I have learned through my previous mistakes that it is never a good decision to follow the recommendations and financial advice so freely shared here, especially when there is no solid basis to justify that reasoning. It is true that selling at $3000 may seem tempting when you have purchased your coins at less than $1000, as you would ensure a good profit of at least 300%, but just as the bitcoin price has exceeded all expectations this year, nothing would prevent it from tripling its value again in the coming months, so I think there is more common sense and wisdom in keeping your coins rather than starting to spend them right now.

If this really happens with numbers up penetrate bitcoin $3000 in the near future it is extraordinary and the right moment to get advantage of the bitcoin you have save so far do not let this golden opportunity to you will make you rich in an impromptu moment

It is highly probable that Bitcoin will reach 3000 USD within your speculated range since Australia will accept Bitcoin starting on July this year. However, selling immediately after reaching a new all time high will just cause for the price to go down again. It is best to just hold your coins and watch the charts with lines going upward. 

I assume that this speculation is based on the Australia's mark on calendar. The formal acceptance of Bitcoin on July.

A clever prediction on my part and it is highly probable. But saying that "it is the best time to sell.. blah blah blah" would cause a sudden crash on Bitcoin's price. And a good opportunity to some who want to buy bitcoin at a low price. This will just cause a panic selling so I would never recommend users to sell their coins immediately.

Well it is really unpredictable and even when I started earning bitcoin, it really does the unbelievable things and right now the price is at $2628.98 and last week it reaches $2900 I think there is a resistance in this part and OP is trying to lure us in a panic, and if UASF is successful? that means there is another thing that might happen if it is not successful? I am really worried on the August 1 date that may occur the change in bitcoin history but let's just hope it is not what I am thinking of.

Well... if Bitcoin is capable of reaching $3,000 per coin without any support form the big bankers and investors, then what prevents it from reaching $10,000 or even $100,000 per coin? I am not being over-optimistic, but right now we are having only around 10 million users. Imagine what will happen to the demand, if the user base increases to 100 million or 250 million.

Well I think that it would really reach 3k USD per bitcoin,
But I think I can't hold my coin cause I would need to cash out some to support my expenses .

Bitcoin have became so unpredictable now. Here people are not able to predict the price for next day. 3 weeks is a long time. I hope bitcoin will continue to grow. Many people are showing interest in bitcoin and this may leads to reasonable appreciate in price.