Bitcoin price change towards positive direction is long predicted and it will certainly bring some positive changes to the market. We will see more money inflow in bitcoin market going forward which will increase the market cap as well as its price.
However, I don’t see any negative impact on alt market as well. Whatever the money inflow will be, will come to the crypto currency market only and people who trade in volumes, will trade bitcoin with alts only. So it will increase the fund inflow to alt market as well. The impact will be positive throughout.
Topic: Should bitcoin reach more than $ 1500 and what will it impact on the market? (Read 1324 times)
May 02, 2017, 12:10:27 PM
May 02, 2017, 11:20:39 AM
I think if bitcoin can penetrate more than 1500 $ will bring a positive impact for its users that is increasing their income, but whether there is a positive impact for the market like altcoin price will there be a drastic change whether it up or down?
Let's share here
May 02, 2017, 10:47:30 AM
Any price growth of bitcoin will bring a positive impact to all of its users especially those who have bought bitcoin at a low price.
While the impact of it to altcoins isn't the same since the price of altcoins isn't based on bitcoin but rather to USD. So the price increase for bitcoin will not going to affect the price of altcoins. Then the conversion rate for bitcoin and altcoin are inversely proportional whenever the price of bitcoin go up, then the price of altcoin will go down when converted to bitcoin but when converted to USD the price is still the same.
While the impact of it to altcoins isn't the same since the price of altcoins isn't based on bitcoin but rather to USD. So the price increase for bitcoin will not going to affect the price of altcoins. Then the conversion rate for bitcoin and altcoin are inversely proportional whenever the price of bitcoin go up, then the price of altcoin will go down when converted to bitcoin but when converted to USD the price is still the same.
May 02, 2017, 10:30:24 AM
I think if bitcoin can penetrate more than 1500 $ will bring a positive impact for its users that is increasing their income, but whether there is a positive impact for the market like altcoin price will there be a drastic change whether it up or down?
Let's share here
I think there is a direct correlation between Bitcoin doing well and other Alt coins doing well too.... Any coin that performs well, gets media
attention and when Bitcoin break record prices ..... a lot of people report about it in the media and then a lot of people want to jump in to get
a part of the action.
May 02, 2017, 10:04:01 AM
There are huge impact on the market as the bitcoin continue to rise. Altcoins prices will be the one to suffer first because people will be rushing to sell their altcoin to convert to bitcoin to benefit the higher price of it. High btc price is also a good to holders, they can sell now or still hold for a higher price since it is expected to reach even at $2000 this year or more.
May 02, 2017, 09:44:15 AM
I think if bitcoin can penetrate more than 1500 $ will bring a positive impact for its users that is increasing their income, but whether there is a positive impact for the market like altcoin price will there be a drastic change whether it up or down?
Let's share here
May 02, 2017, 09:38:42 AM
Nope if you were smart enough you would've seen this price as a fake market/ manipulation while the real value is $200 
every time I saw that statement in some useless and baseless topics I got overwhelmingly bored to death because of the stupidity of some people.
Pay a little bit attention to the date and the prices.
every time I saw that statement in some useless and baseless topics I got overwhelmingly bored to death because of the stupidity of some people.Pay a little bit attention to the date and the prices.
May 02, 2017, 09:05:57 AM
Yeah, it is rising, but i dont really think there is a future in Bitcoin.
I beg to differ with you on this point because the bitcoin price surging is self justifying and how much bitcoin will continue to be part of our lives now and in the future and it implies their is a greater market demand for the currency which keeps pushing its price to the moonQuote
It was the first attempt, but now, other coins have way better features, specific at their field of operations. You can get better anonimity with Monero, better transaction times with some other coins etc. So i guess BTC is just a way for the masses to find out about the blockchain, and the first one there. It will continue to rise, because is being used frequently as a gateway Fiat -> BTC -> Altcoins
I do agree when it comes to exhibiting certain features bitcoin does fall short only because it was made for general-purpose audience unlike other alts with a specific use but still remains the favorite for many of us. May 02, 2017, 09:04:36 AM
expect a huge crash coming down when bitcoin keeps increasing it's price. remember if bitcoin price goes more up that will be the reason for the user to exchange and sell their bitcoin and when there's a lot of people selling their bitcoin that will be the reason of the crash down of the price of bitcoin . more likely bitcoin price goes up because of the investors in bitcoin.
People keep saying it's going to crash since the begining of the up momentum...
Well at a moment or another you'll be right, if you keep saying the same things for years it will happen eventually xD
ahhahaha....
like say every day "it will snow" from december to march...
is the same thing!!!
and again..
this is one of my preferred post!!!
https://99bitcoins.com/bitcoinobituaries/
we are just a 127 times!!!
May 02, 2017, 08:37:20 AM
Why not $2,000 then?
I believe that bitcoin will touch $2,000 in the year 2018 but in the current year, we will find many ups and downs on the price chart. The bitcoin is growing with a stable speed over the years but still, some serious fluctuations are making it more volatile. The natural growth would definitely strengthen the potential of bitcoin but to be honest, I love growth in the user base rather than on the price chart.
I believe that bitcoin will touch $2,000 in the year 2018 but in the current year, we will find many ups and downs on the price chart. The bitcoin is growing with a stable speed over the years but still, some serious fluctuations are making it more volatile. The natural growth would definitely strengthen the potential of bitcoin but to be honest, I love growth in the user base rather than on the price chart.
May 02, 2017, 08:30:49 AM
unfortunately it will decrease the value of alt coin, but it can be helped if there are a lot of investor interested in thta coin and make a pump, so the price is not only rely on bitcoin but also the interest from the investor, and it will make trading become more exciting
I don't understand why you say that.
Historically, Litecoin for example has been following btc: up when btc is up and down when btc is down.
That's not the cas for ETH ok, but that's all, the others have followed the curves ^^
May 02, 2017, 08:24:07 AM
unfortunately it will decrease the value of alt coin, but it can be helped if there are a lot of investor interested in thta coin and make a pump, so the price is not only rely on bitcoin but also the interest from the investor, and it will make trading become more exciting
May 02, 2017, 06:47:02 AM
Everytime BTC goes up - money exits into ALTS to speculate, you can see the correlations on the charts forever.
May 02, 2017, 06:42:11 AM
Yeah, it is rising, but i dont really think there is a future in Bitcoin. It was the first attempt, but now, other coins have way better features, specific at their field of operations. You can get better anonimity with Monero, better transaction times with some other coins etc. So i guess BTC is just a way for the masses to find out about the blockchain, and the first one there. It will continue to rise, because is being used frequently as a gateway Fiat -> BTC -> Altcoins
May 02, 2017, 06:15:15 AM
A positive impact will in any case, another issue is that this positivity can be delayed in time.
Exactly still there is a negative shade on bitcoin once it touches 1500$ then automatically we can see more positive approach from the people.
Once the price of bitcoin is increasing many people started holding bitcoin, bitcoin is becoming a global pioneer in the coming days with government authorization.
May 02, 2017, 06:07:02 AM
I think if bitcoin can penetrate more than 1500 $ will bring a positive impact for its users that is increasing their income, but whether there is a positive impact for the market like altcoin price will there be a drastic change whether it up or down?
May 02, 2017, 05:48:55 AM
expect a huge crash coming down when bitcoin keeps increasing it's price. remember if bitcoin price goes more up that will be the reason for the user to exchange and sell their bitcoin and when there's a lot of people selling their bitcoin that will be the reason of the crash down of the price of bitcoin . more likely bitcoin price goes up because of the investors in bitcoin.
People keep saying it's going to crash since the begining of the up momentum...
Well at a moment or another you'll be right, if you keep saying the same things for years it will happen eventually xD
May 02, 2017, 05:10:24 AM
expect a huge crash coming down when bitcoin keeps increasing it's price. remember if bitcoin price goes more up that will be the reason for the user to exchange and sell their bitcoin and when there's a lot of people selling their bitcoin that will be the reason of the crash down of the price of bitcoin . more likely bitcoin price goes up because of the investors in bitcoin.
May 02, 2017, 05:07:26 AM
for its users that is increasing their income
For have any "income" someone need to sell BTC for $, if no - there is no "income".
i not agree whit this.
you can already buy a lots of services with bitcoin...
and if bitcoin value rise, you will be able the same service with less bitcoin...
doing this, you already done a gain!
May 02, 2017, 03:05:31 AM
I think if bitcoin can penetrate more than 1500 $ will bring a positive impact for its users that is increasing their income, but whether there is a positive impact for the market like altcoin price will there be a drastic change whether it up or down?
Let's share here
It is not impossible for Bitcoin to penetrate $1500. In fact, the price now is $1420 and still climbing and based on my own analysis. It can even reach $1450 . As you can see, it mainly affects the price of the Altcoins. When Bitcoin's price increases, Altcoins price decreases. And vice versa. As you can see in the https://coinmarketcap.com/ ; the price of the Altcoins are marked red meaning its price decreases. And it is because of the stiff pump of Bitcoins Price. If this continues, this may be the right time to stack alt coins as its price may dump more. And wait 'till its price pumps again then sell.
In fact, They already break 1500USD price wall FYI. And most of the alt coins are dumping. This price inflation of bitcoin really affects the price of the altcoin. On liqui exchange. Most of the altcoin listed there has marked red on growth. I think altcoin is not advisable ATM to trade. I will just wait for the BTC inflation to reach the cap then i will bag some cheap alts out there.
Bitcoin current price on TREX are 1400+USD per bitcoin, What exchange are you using with that price rate? I'm very interested to know that so that I can exchange my BTC. Joke. Maybe you just overlook the price or you are just mislead by hype post here in the forum.
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