Topic: Safe to say Bitcoin "probably" won't go lower than $600-$700 (Read 1959 times)
Lol 100% a year would reach $10,000 in like approximately four years, so not far off. It would defientlry be possible if Bitcoin returned 100% yearly for a couple years. That is unlikely, but who knows? Bitcoin is crazy lol
Very nice presentation and thank you for that one op.For me i could say it would be already hard to go back again on $600 below price since bitcoin does already have a strong support and it would be hardly to breakout unless if all huge exchanges would be hacked then it might happen but for now it wont go back on that price.
I think if you really look back and consider how much damage Mt Gox caused and how this was not Bitcoin's fault we "probably" will see BTC at $10,000 within 2-3 years.
But random events like Mt Gox could always happen again of course.
MtGox or no Mtgox we wouldn't have been able to see $10,000. that is just unrealistic in short term, even in long term.
MtGox made some damage to bitcoin but in order to see higher prices we still need adoption and it has been 2-3 years of consistent rise and mtGox is over for a long time now, but we haven't seen any bigger rise than 100% a year. because adoption rate is still slow and it doesn't seem to be changing.
Nah.
Very nice presentation and thank you for that one op.For me i could say it would be already hard to go back again on $600 below price since bitcoin does already have a strong support and it would be hardly to breakout unless if all huge exchanges would be hacked then it might happen but for now it wont go back on that price.
I think if you really look back and consider how much damage Mt Gox caused and how this was not Bitcoin's fault we "probably" will see BTC at $10,000 within 2-3 years.
But random events like Mt Gox could always happen again of course.
MtGox or no Mtgox we wouldn't have been able to see $10,000. that is just unrealistic in short term, even in long term.
MtGox made some damage to bitcoin but in order to see higher prices we still need adoption and it has been 2-3 years of consistent rise and mtGox is over for a long time now, but we haven't seen any bigger rise than 100% a year. because adoption rate is still slow and it doesn't seem to be changing.
Very nice presentation and thank you for that one op.For me i could say it would be already hard to go back again on $600 below price since bitcoin does already have a strong support and it would be hardly to breakout unless if all huge exchanges would be hacked then it might happen but for now it wont go back on that price.
I think if you really look back and consider how much damage Mt Gox caused and how this was not Bitcoin's fault we "probably" will see BTC at $10,000 within 2-3 years.
But random events like Mt Gox could always happen again of course.
Very nice presentation and thank you for that one op.For me i could say it would be already hard to go back again on $600 below price since bitcoin does already have a strong support and it would be hardly to breakout unless if all huge exchanges would be hacked then it might happen but for now it wont go back on that price.
Nothing is guaranteed, apart from death and taxes, and it is even less guaranteed in Bitcoin. I guess a short look at the charts can prove that, even the chart in the OP.
Don't say never, but be prepared for either scenario and trade accordingly (I know it is much easier to said that, but that is my hint).
Don't say never, but be prepared for either scenario and trade accordingly (I know it is much easier to said that, but that is my hint).
This. If you're able to set yourself up to win in a bull or bear market, you'll be fine in a volatile enviroment like with Bitcoin and crypto. Right now I'm trying to divest myself by a 50% fiat and 50% altcoin split atm, because I think we're about to see the price go down some. Not sure how much, but looks like it's going to be at least a couple percentage points.
Anyway, a good and healthy correction would bring some fresh air to the charts.
I think the blue line is looking most promising...
Next: TO THE MOON!
Next: TO THE MOON!
Guys, price of bitcoin should be more stable now. Chinese exchanges limited their leverage trading option which was known for being main reason behind current bitcoin's price volatility.
Margin traders were dragging price down as they usually tend to panic and sell to limit their loses. We may enter era of small steps and continuous rise.
I agree with you, there's still the possibility that it might go lower than 600$ or 700$ but there is the chance it wont ever even go beyond that point since like what the guy in the quote said, Chinese exchanges limited their leverage trading option therefore the force that the Chinese people have in terms of dumping is lessened so we might not see another 300$ or 200$ again. Margin traders were dragging price down as they usually tend to panic and sell to limit their loses. We may enter era of small steps and continuous rise.
Guys, price of bitcoin should be more stable now. Chinese exchanges limited their leverage trading option which was known for being main reason behind current bitcoin's price volatility.
Margin traders were dragging price down as they usually tend to panic and sell to limit their loses. We may enter era of small steps and continuous rise.
Margin traders were dragging price down as they usually tend to panic and sell to limit their loses. We may enter era of small steps and continuous rise.
i think its now safe to say that bitcoin wont go lower than $600-700. its been though this days and its still increasing because of the bigwhales are currently investing still on them thats why the bitcoin wont go drop again becayse of investors but theres still new registered user here whos investing bitcoin thats the reason why its pumping also.
what is your time perspective?if we talk about not dropping below $600-700 before February 2017, then I agree.
Further onwards, I am not that convinced any more.
I see this year to be continuing with a stability of $500-700 range because as mining rewards have halved, we should expect the price to remain at least the minimum double of what it used to be when the mining rewards were high. @molsewid, pumps have nothing to do with the current price or future price, they are just done to get a hold on your coins for more cheaper prices when you go strike your head after prices start falling and sell at the lowest.
i think its now safe to say that bitcoin wont go lower than $600-700. its been though this days and its still increasing because of the bigwhales are currently investing still on them thats why the bitcoin wont go drop again becayse of investors but theres still new registered user here whos investing bitcoin thats the reason why its pumping also.
what is your time perspective?if we talk about not dropping below $600-700 before February 2017, then I agree.
Further onwards, I am not that convinced any more.
i think its now safe to say that bitcoin wont go lower than $600-700. its been though this days and its still increasing because of the bigwhales are currently investing still on them thats why the bitcoin wont go drop again becayse of investors but theres still new registered user here whos investing bitcoin thats the reason why its pumping also.
All bubbles eventually go bust.
Sure, but there are plenty in here who still hope that the $900 level is just a brief stop before resuming further rise. No matter what.
All bubbles eventually go bust.
Nothing is guaranteed, apart from death and taxes, and it is even less guaranteed in Bitcoin. I guess a short look at the charts can prove that, even the chart in the OP.
Don't say never, but be prepared for either scenario and trade accordingly (I know it is much easier to said that, but that is my hint).
Don't say never, but be prepared for either scenario and trade accordingly (I know it is much easier to said that, but that is my hint).
This. If you're able to set yourself up to win in a bull or bear market, you'll be fine in a volatile enviroment like with Bitcoin and crypto. Right now I'm trying to divest myself by a 50% fiat and 50% altcoin split atm, because I think we're about to see the price go down some. Not sure how much, but looks like it's going to be at least a couple percentage points.
Anyway, a good and healthy correction would bring some fresh air to the charts.
Nothing is guaranteed, apart from death and taxes, and it is even less guaranteed in Bitcoin. I guess a short look at the charts can prove that, even the chart in the OP.
Don't say never, but be prepared for either scenario and trade accordingly (I know it is much easier to said that, but that is my hint).
Don't say never, but be prepared for either scenario and trade accordingly (I know it is much easier to said that, but that is my hint).
This. If you're able to set yourself up to win in a bull or bear market, you'll be fine in a volatile enviroment like with Bitcoin and crypto. Right now I'm trying to divest myself by a 50% fiat and 50% altcoin split atm, because I think we're about to see the price go down some. Not sure how much, but looks like it's going to be at least a couple percentage points.
Nothing is guaranteed, apart from death and taxes, and it is even less guaranteed in Bitcoin. I guess a short look at the charts can prove that, even the chart in the OP.
Don't say never, but be prepared for either scenario and trade accordingly (I know it is much easier to said that, but that is my hint).
Don't say never, but be prepared for either scenario and trade accordingly (I know it is much easier to said that, but that is my hint).
Price is stable around $900 and it hasn't given a big drop or so on. So we can expect the price not to fall much lower as quoted by op.
from that image, Total Bitcoins left to mine is 4,876,438 bitcoin, i don't think that bitcoin price is getting down for that price but as always, we can not predict the up and down but what we can do is make analysis and then its depend on the people in the market. but i don't want to see the price is getting lower from that price.
We have experienced a good price increase from the bottom in a very short time. Also the price doesn't varying much on increase as well decrease. Its moving in a gradual manner, this gives the hope that bitcoin won't go below $700. I think it has a standard price which is around $750.
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