Speculation on BTC - page 9. | Bitcointalksearch.org

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Quote from: Hazir on June 09, 2018, 09:21:02 AM

I am kinda worried about one factor - rate of Bitcoin adoption. It seems like adoption slowed down significantly during last year, and sometimes even reverted (Steam is no longer accepting BTC)

Merchants doing that are operating a hidden agenda, or they are ignorant. Steam's reason to no longer accept Bitcoin is because of the volatility and the higher fees. It's pure bullshit. When they started accepting Bitcoin the market was just as volatile, and the fees are not an issue because they will always come down again.

Quote from: Hazir on June 09, 2018, 09:21:02 AM

Metcalfe's law states that the value of a network increases as the number of users on said network increases. So the number of users we have, affect directly the price BTC

The number of users do affect the price, but it's not as significant as you may think. People in all cases are quite conservative of nature. No one will buy or sell massively if whales don't do the initial work. It perfectly shows in current market. If whales don't steer the market to whatever direction, it consolidates.

Quote from: Hazir on June 09, 2018, 09:21:02 AM

Adoption is somewhat stagnant - no major company is talking about accepting bitcoin as a payment method - because they know that people are not willing to spend their coins anyway.

Bitcoin's adoption isn't stagnant. Bitcoin's adoption isn't just based on its currency aspect, but more so towards its digital Gold aspect. Bitcoin's adoption as currency has never really been a thing. Bitcoin's adoption as digital Gold is exploding.

Quote from: Hazir on June 09, 2018, 09:21:02 AM

I am worried that "hodling' mentality of Bitcoin users, in the end, will be a very big problem and the reason for low BTC adoption.

It's not a problem. People care about one thing only, which is seeing Bitcoin's price go through the atmosphere, and that is exactly what is happening.

I think eventually, when the price becomes stable, and we have easy to use Lightning clients, the currency aspect will crawl back up. It takes time.

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I am kinda worried about one factor - rate of Bitcoin adoption. It seems like adoption slowed down significantly during last year, and sometimes even reverted (Steam is no longer accepting BTC)
Metcalfe's law states that the value of a network increases as the number of users on said network increases. So the number of users we have, affect directly the price BTC
Adoption is somewhat stagnant - no major company is talking about accepting bitcoin as a payment method - because they know that people are not willing to spend their coins anyway.
I am worried that "hodling' mentality of Bitcoin users, in the end, will be a very big problem and the reason for low BTC adoption.

DMCR lah

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everyone has his own opinion, so I believe there are many forces that are fighting for dominance over bitcoins that are partly trying to push prices down and some pushing it.

stellgod

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Quote from: cryptomoon1003 on June 07, 2018, 06:33:47 AM

Quote from: bintangkejoraku on May 25, 2018, 11:24:13 AM

I do not believe in anything like that. many experts say if the year 2018 bitcoin prices will be very high, but until now there is no sign if the price of bitcoin will rise.

Bitcoin needs just 10 good days in a year to reach 20k... REMEMBER THIS : )

Or even less than 10 days. Last year, we have seen bitcoins rising from some $7000 to $22000 just in few days. These days were even less than 10 so that isn’t just a big problem. The problem is people, we don’t allow bitcoins to just jump over. We all are wanting bitcoins to show such huge jump but we all are participating in panic selling to some extent and that is why seeing such situation.

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Quote from: BrewMaster on May 25, 2018, 11:17:07 AM

everyone has their own opinions, and you didn't exactly quote a particular person or given any links so we don't know why they said that. you should find it yourself and see the source where that particular person is making that prediction and i am sure they have already explained why they think this year is the last time we are going to see below $10k.

and remember no matter who made that speculation that is still a speculation like any other.

I was actually expecting to see a link as well. Like you said, it is just speculation as anyone can just come up with anything and still remain baseless. However, speculation or not, anything can be possible in the long run. We still have a long time before 2018 ends though, so it is hard to be making any assumptions for now.

This could be a good one if we are already past the $10k spot and bitcoin seems to be holding it strong as a huge support before hitting new ATH, then in that case, one may even assume that something like that is possible, but for now, the chances are still slim.

Nerman

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Quote from: bitcoinbrokeragegroup1 on May 25, 2018, 10:19:24 AM

I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.

Their speculation is possible, It is a big possibility that Bitcoin will rally before the end of the year and I think the $10,000 area will be a super support level in the future. Just like recently our best support is the $6,000 area. I remembered first quarter last year that rarely you will see a person to speculate that we will even reach $6,000 but looking today people already have identified that buying at $6,000 is the wisest thing to do.

olalaMaty

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Quote from: Cynooza on May 25, 2018, 10:49:25 AM

I believe there are plenty of powers fighting for the dominance over bitcoin some of which are trying to suppress the price and some drive it up. Moreover, bitcoin's rate is pretty dependent on news. With all that in mind, I would dare making any predictions as there always is a chance of a black swan.

Whether or not a US government bitcoin speculation is in the process of investigating whether or not the speculation manipulates the cryptographic market in general btc in particular. The investigation is supposed to focus on tricks that can be Affect on the transaction price

codegnome

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Bitcoin is the best coin and it needs just one month to grow maybe to the $20k and probably this year it will happen too.

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Quote from: ausbit on June 07, 2018, 08:05:26 AM

Quote from: kendedese on May 25, 2018, 11:01:36 AM

on what basis do they talk like that? is it just a prediction?
but I hope it really happened Roll Eyes

Well, everything has always been a prediction since bitcoin has turned to more of a speculative asset than a currency anyway. However, all these depend on how this year ends but in some way, there could be a possibility in his statement.

Bitcoin recovery after some huge crash has always known to come out better than previous years and in the case where we get to see such moments, it is understandable that we may never set eyes on $10k again eventually, but when is not something anyone can actually give right.

Bitcoin and other crypto currency prediction is something anyone can give right cause the market is not stable this days but with the use of fundamental prediction and what was said on the news you can never go wrong because FUD and whales manipulate are the thing that determine the price of bitcoin in market now. How ever, I dont believe what you said that we may never set our eyes on 10K price again.

Tylev

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The price of bitcoin in the future will more than once return below $ 10,000. Apparently, such a forecast was made on the basis of the growth table of the bitcoin price. However, life is not just a table. The greater volatility of bitcoin at a large price will manifest itself in a much larger amplitude of price fluctuations. Therefore, bitcoin more than once will fall below this value, no matter how high the price it did not reach. In the end, I think, after a few panic, devaluations, it will set in price, apparently, less than $ 10,000.

Soneo

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in my opinion do not speculate if we do not understand or understand

Topaz72

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Quote from: HatakeKakashi on June 07, 2018, 11:04:54 AM

Quote from: cryptomoon1003 on June 07, 2018, 06:33:47 AM

Quote from: bintangkejoraku on May 25, 2018, 11:24:13 AM

I do not believe in anything like that. many experts say if the year 2018 bitcoin prices will be very high, but until now there is no sign if the price of bitcoin will rise.

Bitcoin needs just 10 good days in a year to reach 20k... REMEMBER THIS : )

The price of the bitcoin will increase again, if you believe bitcoin even the price you are confident that price become again 20k dollars or what price reach decemeber 2017.

Yes price of bitcoin will be high with time but we really need a lot of more speculation to make it stronger than our expectations, when more people buy bitcoin then it makes the price of bitcoin really high but when more people use to sell price gets down so now it is time for speculations we are going to get more than 20k dollar because right now some experts have declared that price will be more than double at the end of this year.

r32godzilla

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Just a plain prediction is given and no logical facts have been provided.Every one know that bitcoin has potential to cross borders of higher prices,but it should overcome fuds and decisions taken by governments based on geopolitical facts.Also big shots like Bill Gates and Buffett contribute a lot for the negative publicity of bitcoin by blaming it.

marinakofoleva

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What grounds do you need? facts, etc. When the dollar rises against oil, what are the facts? Economic crisis??? All this is called so. Personally, my opinion is the limit of bitcoins in 21 million, this will be a key factor in the fact that everyone wants to have a piece of this "crypto pie" Here is a fact, the demand determines the supply and price.

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Quote from: cryptomoon1003 on June 07, 2018, 06:33:47 AM

Quote from: bintangkejoraku on May 25, 2018, 11:24:13 AM

I do not believe in anything like that. many experts say if the year 2018 bitcoin prices will be very high, but until now there is no sign if the price of bitcoin will rise.

Bitcoin needs just 10 good days in a year to reach 20k... REMEMBER THIS : )

That is true, for me those days will come and bitcoin will go again up to 15k$, that will again suprise lots of people and some new investors will come to market again.

richardsNY

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Quote from: KingScorpio on June 07, 2018, 01:20:05 PM

i am considering upgrading an article regarding the systematic pump and dump schemes with bitcoin by so called "bull calls" especially in the "free american media" that are scaming the viewers, and investors.

someone else observing those?

Definitely. In more recent times CNBC has worked its way up real high in that regard. It doesn't only concern Bitcoin, but a few more top level altcoins. If you browse through social media, or even read the comments under each video, it becomes clear how many people have noticed this shady behavior. Another shady activity that people observed is that CNBC seems to be much in favor of BCash. If you see the mainstream media back something very questionable, then know that some form of compensation has been issued, or that they themselves are heavily involved in that specific coin. It's no coincidence that most guests there are not so much in favor of Bitcoin, but do like BCash....

Ibrahim 2020

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or the dominance over bitcoin some of which are trying to suppress the price and some drive it up. Moreover, bitcoin's rate is pretty dependent on news. With all that in mind, I would dare making any predictions as there always is a chance of a black swan.

Stephen1989

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the dominance over bitcoin some of which are trying to suppress the price and some drive it up. Moreover, bitcoin's rate is pretty dependent on news. With all that in mind, I would dare making any predictions as there always is a chance of a black swan.

KingScorpio

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Quote from: bitcoinbrokeragegroup1 on May 25, 2018, 10:19:24 AM

I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.

i am considering upgrading an article regarding the systematic pump and dump schemes with bitcoin by so called "bull calls" especially in the "free american media" that are scaming the viewers, and investors.

someone else observing those?

BartS

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Quote from: bitcoinbrokeragegroup1 on May 25, 2018, 10:19:24 AM

I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.

No one can talk with absolute certainty about what the price is going to be but if said now that 2017 was the last year where you could buy bitcoin below 1000 most people will agree with me, so I think that is where their prediction is coming from, they think this is the last year in which you are going to see bitcoin this cheap and if I am perfectly honest with you I think they are right, the current prices are not going to be here forever and if you do not take advantage of this you will regret it for the rest of your life.

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