Still Believing That Bitcoin Can Rise High?

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: Basmic on August 11, 2017, 07:37:10 AM

Quote from: jorneyflair on August 11, 2017, 05:49:39 AM

Quote from: iamTom123 on July 13, 2017, 01:42:46 AM

Last month, we have seen so many market analysts, investors and speculators telling us to go for Bitcoin as it can soon be hitting at least $10,000 in the next few years and even $5,000 at the end of the year. The picture seems to be so rosy that it also create some discomfort in some people.

The recent dip in the Bitcoin value put some halt to this rosy picture, albeit temporarily. There are still some who believe that this recent development is very temporary and that after the scaling problem can be solved we can see Bitcoin at its real potential.

What is current feel for Bitcoin's value considering its recent retreat?

With the recent price pumps up to 2.6K, then 3K and now almost 3.5K, I certaintly feel like that bitcoin does have the potential to become very big and with that, I would expect prices to hit 5K. It all depends on the community.

Lets hope Bitcoin keeps rising and we keeping making profit, I would be pleased to see bitcoin rise to 5k, before the end of the year. Certainly is possible in my opinion. Lets go!

The growth rates are not always good. Yes, it's definitely good for those who store bitcoin, but it can negatively affect the desire to buy these coins to others. Then you can see the decline in demand for bitcoin and as a result lose their money. Everything should be balanced.

I have to massively disagree with this view

How on Earth is it possible that growing prices of an asset would kill the desire to buy this asset? I'm 100% certain that it works in reverse order (and still more so if we talk about investing and speculation). That is, declining prices make an asset less attractive overall until no one gives a single fuck about it anymore. Indeed, some people (especially those who bought and then sold too early) may feel a bit frustrated at the price surge, but the net effect (which is what ultimately counts) is obviously positive. If an asset is growing, it will attract more people, and I'm really curious why anyone could have any doubts about that

dasana212

hero member

Activity: 784

Merit: 500

I am optimistic with value bitcoin still has power to rise higher, demand and trust of people on bitcoin will continue to support upwards. Currently only the initial spike, there will still be subsequent spike greater than this.

Basmic

sr. member

Activity: 406

Merit: 256

Quote from: jorneyflair on August 11, 2017, 05:49:39 AM

Quote from: iamTom123 on July 13, 2017, 01:42:46 AM

Last month, we have seen so many market analysts, investors and speculators telling us to go for Bitcoin as it can soon be hitting at least $10,000 in the next few years and even $5,000 at the end of the year. The picture seems to be so rosy that it also create some discomfort in some people.

The recent dip in the Bitcoin value put some halt to this rosy picture, albeit temporarily. There are still some who believe that this recent development is very temporary and that after the scaling problem can be solved we can see Bitcoin at its real potential.

What is current feel for Bitcoin's value considering its recent retreat?

With the recent price pumps up to 2.6K, then 3K and now almost 3.5K, I certaintly feel like that bitcoin does have the potential to become very big and with that, I would expect prices to hit 5K. It all depends on the community.

Lets hope Bitcoin keeps rising and we keeping making profit, I would be pleased to see bitcoin rise to 5k, before the end of the year. Certainly is possible in my opinion. Lets go!

The growth rates are not always good. Yes, it's definitely good for those who store bitcoin, but it can negatively affect the desire to buy these coins to others. Then you can see the decline in demand for bitcoin and as a result lose their money. Everything should be balanced.

jorneyflair

hero member

Activity: 672

Merit: 500

Quote from: iamTom123 on July 13, 2017, 01:42:46 AM

Last month, we have seen so many market analysts, investors and speculators telling us to go for Bitcoin as it can soon be hitting at least $10,000 in the next few years and even $5,000 at the end of the year. The picture seems to be so rosy that it also create some discomfort in some people.

The recent dip in the Bitcoin value put some halt to this rosy picture, albeit temporarily. There are still some who believe that this recent development is very temporary and that after the scaling problem can be solved we can see Bitcoin at its real potential.

What is current feel for Bitcoin's value considering its recent retreat?

With the recent price pumps up to 2.6K, then 3K and now almost 3.5K, I certaintly feel like that bitcoin does have the potential to become very big and with that, I would expect prices to hit 5K. It all depends on the community.

Lets hope Bitcoin keeps rising and we keeping making profit, I would be pleased to see bitcoin rise to 5k, before the end of the year. Certainly is possible in my opinion. Lets go!

DrGuns4Hands

hero member

Activity: 910

Merit: 550

yep right now bitcoin price are at $3400 per bitcoin and have a possibility to reach the $4k barrier but it's still depends if there's no big dump this coming november. i don't think that bitcoin would raise up without dumping because the traders and big whales are the one who's controlling the price of bitcoin so it will be depending on them.

jc89

sr. member

Activity: 364

Merit: 250

Quote from: CriptoSven on August 10, 2017, 02:53:06 PM

Quote from: HasHe on August 10, 2017, 01:15:20 PM

Quote from: iamTom123 on July 13, 2017, 01:42:46 AM

Last month, we have seen so many market analysts, investors and speculators telling us to go for Bitcoin as it can soon be hitting at least $10,000 in the next few years and even $5,000 at the end of the year. The picture seems to be so rosy that it also create some discomfort in some people.

The recent dip in the Bitcoin value put some halt to this rosy picture, albeit temporarily. There are still some who believe that this recent development is very temporary and that after the scaling problem can be solved we can see Bitcoin at its real potential.

What is current feel for Bitcoin's value considering its recent retreat?

Yes,Bitcoin can still rise more.Those who have believed and bought bitcoins have gained huge profits and those who just doubted and lost the opportunity has lost their profits.Bitcoin has great potential and it deserves more higher price than its current price.

I agree that bitcoin has a lot of potential. But I do not quite agree with the fact that bitcoin should be more expensive now. Its price is formed on the basis of the ratio of supply and demand. And at the moment its price is in line with demand.

That being said, then there should be no disagreement with the high price of btc now. The value right now is fair and I expect it to rise more for the coming months.

Btc's potential is undeniable and speculations helped with the growth in demands which in turn of course results in higher price. Let's see how things turn out by the end of this year.

Cherylstar86

sr. member

Activity: 1484

Merit: 253

Quote from: deisik on August 10, 2017, 02:59:01 PM

Quote from: CriptoSven on August 10, 2017, 02:53:06 PM

Quote from: HasHe on August 10, 2017, 01:15:20 PM

Quote from: iamTom123 on July 13, 2017, 01:42:46 AM

Last month, we have seen so many market analysts, investors and speculators telling us to go for Bitcoin as it can soon be hitting at least $10,000 in the next few years and even $5,000 at the end of the year. The picture seems to be so rosy that it also create some discomfort in some people.

The recent dip in the Bitcoin value put some halt to this rosy picture, albeit temporarily. There are still some who believe that this recent development is very temporary and that after the scaling problem can be solved we can see Bitcoin at its real potential.

What is current feel for Bitcoin's value considering its recent retreat?

Yes,Bitcoin can still rise more.Those who have believed and bought bitcoins have gained huge profits and those who just doubted and lost the opportunity has lost their profits.Bitcoin has great potential and it deserves more higher price than its current price.

I agree that bitcoin has a lot of potential. But I do not quite agree with the fact that bitcoin should be more expensive now. Its price is formed on the basis of the ratio of supply and demand. And at the moment its price is in line with demand

And what's wrong with a higher price?

Indeed, ultimately it all comes down to the balance of supply and demand, but this doesn't in the least mean that the balance is somehow set in stone and thus the price cannot rise (or go down, for that matter). In other words, it is an effect or result, not a cause or driver in and of itself. If Bitcoin adoption expands or just more people are going to convert their fiat savings to Bitcoin, the demand for Bitcoin will increase, and given the same level of supply, these two sides will be rebalanced at a higher price with less demand and higher supply than at the start (when there is an imbalance due to demand surging)

For me the higher price right now is the result of the actual demand of bitcoin in the market, and if ever there's an imbalance happening it wouldn't be like fiat systems. Bitcoin system has the highest potential to gain it's strength toward price domination of all cypto currencies in the market, specially on those trader of crypto currencies like the altcoins; it has the highest demands when it comes to exchanges from alt to btc conversion. So that proves how bitcoin is popular and is potential to rise higher more that it's current price nowadays.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: CriptoSven on August 10, 2017, 02:53:06 PM

Quote from: HasHe on August 10, 2017, 01:15:20 PM

Quote from: iamTom123 on July 13, 2017, 01:42:46 AM

Last month, we have seen so many market analysts, investors and speculators telling us to go for Bitcoin as it can soon be hitting at least $10,000 in the next few years and even $5,000 at the end of the year. The picture seems to be so rosy that it also create some discomfort in some people.

The recent dip in the Bitcoin value put some halt to this rosy picture, albeit temporarily. There are still some who believe that this recent development is very temporary and that after the scaling problem can be solved we can see Bitcoin at its real potential.

What is current feel for Bitcoin's value considering its recent retreat?

Yes,Bitcoin can still rise more.Those who have believed and bought bitcoins have gained huge profits and those who just doubted and lost the opportunity has lost their profits.Bitcoin has great potential and it deserves more higher price than its current price.

I agree that bitcoin has a lot of potential. But I do not quite agree with the fact that bitcoin should be more expensive now. Its price is formed on the basis of the ratio of supply and demand. And at the moment its price is in line with demand

And what's wrong with a higher price?

Indeed, ultimately it all comes down to the balance of supply and demand, but this doesn't in the least mean that the balance is somehow set in stone and thus the price cannot rise (or go down, for that matter). In other words, it is an effect or result, not a cause or driver in and of itself. If Bitcoin adoption expands or just more people are going to convert their fiat savings to Bitcoin, the demand for Bitcoin will increase, and given the same level of supply, these two sides will be rebalanced at a higher price with less demand and higher supply than at the start (when there is an imbalance due to demand surging)

CriptoSven

member

Activity: 118

Merit: 100

Quote from: HasHe on August 10, 2017, 01:15:20 PM

Quote from: iamTom123 on July 13, 2017, 01:42:46 AM

Last month, we have seen so many market analysts, investors and speculators telling us to go for Bitcoin as it can soon be hitting at least $10,000 in the next few years and even $5,000 at the end of the year. The picture seems to be so rosy that it also create some discomfort in some people.

The recent dip in the Bitcoin value put some halt to this rosy picture, albeit temporarily. There are still some who believe that this recent development is very temporary and that after the scaling problem can be solved we can see Bitcoin at its real potential.

What is current feel for Bitcoin's value considering its recent retreat?

Yes,Bitcoin can still rise more.Those who have believed and bought bitcoins have gained huge profits and those who just doubted and lost the opportunity has lost their profits.Bitcoin has great potential and it deserves more higher price than its current price.

I agree that bitcoin has a lot of potential. But I do not quite agree with the fact that bitcoin should be more expensive now. Its price is formed on the basis of the ratio of supply and demand. And at the moment its price is in line with demand.

HasHe

hero member

Activity: 952

Merit: 500

Quote from: iamTom123 on July 13, 2017, 01:42:46 AM

Last month, we have seen so many market analysts, investors and speculators telling us to go for Bitcoin as it can soon be hitting at least $10,000 in the next few years and even $5,000 at the end of the year. The picture seems to be so rosy that it also create some discomfort in some people.

The recent dip in the Bitcoin value put some halt to this rosy picture, albeit temporarily. There are still some who believe that this recent development is very temporary and that after the scaling problem can be solved we can see Bitcoin at its real potential.

What is current feel for Bitcoin's value considering its recent retreat?

Yes,Bitcoin can still rise more.Those who have believed and bought bitcoins have gained huge profits and those who just doubted and lost the opportunity has lost their profits.Bitcoin has great potential and it deserves more higher price than its current price.

grim007

sr. member

Activity: 378

Merit: 250

Quote from: Sponsoredby15 on July 15, 2017, 07:45:06 AM

Quote from: mharz on July 15, 2017, 12:57:40 AM

Yes I still believe, because price of bitcoin now was fluctuating in right price and I respect the potential of bitcoin in the market. I already invest now due to good opportunity given by bitcoin.

I still believe that bitcoin's price can rise high. Its value may be low as of the moment but expect the unexpected. That its value will eventually get high and you will earn profit from your bitcoin. It is also a good time to buy bitcoin now since its price is low.

Events like this happens before minus the segwit part but I still believe bitcoin can recover as it always did. It will just a matter of who will panic and leave btc or who will stay and risk their btc and believes in better future same with those who will take the opportunity to buy a lot of btc. It will rise high again just have patience.

Sponsoredby15

sr. member

Activity: 644

Merit: 250

Quote from: mharz on July 15, 2017, 12:57:40 AM

Yes I still believe, because price of bitcoin now was fluctuating in right price and I respect the potential of bitcoin in the market. I already invest now due to good opportunity given by bitcoin.

I still believe that bitcoin's price can rise high. Its value may be low as of the moment but expect the unexpected. That its value will eventually get high and you will earn profit from your bitcoin. It is also a good time to buy bitcoin now since its price is low.

mharz

sr. member

Activity: 336

Merit: 260

Yes I still believe, because price of bitcoin now was fluctuating in right price and I respect the potential of bitcoin in the market. I already invest now due to good opportunity given by bitcoin.

cpfreeplz

legendary

Activity: 966

Merit: 1042

Ya... you need to look long term. Who cares how far we've up today vs yesterday or last week. That's just day to day volatility. What we should really look at is the past 5 years. Bitcoin is performing extremely well, even after a major crash.

mrcash02

hero member

Activity: 1190

Merit: 525

CryptoTalk.Org - Get Paid for every Post!

Quote from: Shinpako09 on July 14, 2017, 10:13:09 PM

Maybe price is falling but it still at $2100+ and that is still considerably high. Remember when price climb to $500 and we are saying it high already. Then now, why other's calling it low when the fact is it still a 4-digit price. We can't expect it to be always on top, climbing. If there is a rise, there is fall. The same goes if there is fall, there is rise.

Yes... I will become worried only if Bitcoin reach to $1500 or below. Cheesy

The price is still high and some movements like this we are seeing were already predictable as holders are fearing the HardFork and its consequences. Rises and falls are a part of the game and it has positive points, like the chance of making profit. We can buy it cheap now or even cheaper soon and sell again when the price rises again.

Shinpako09

legendary

Activity: 2058

Merit: 1015

Maybe price is falling but it still at $2100+ and that is still considerably high. Remember when price climb to $500 and we are saying it high already. Then now, why other's calling it low when the fact is it still a 4-digit price. We can't expect it to be always on top, climbing. If there is a rise, there is fall. The same goes if there is fall, there is rise.

Cranidos

full member

Activity: 140

Merit: 100

Quote from: iamTom123 on July 13, 2017, 01:42:46 AM

Last month, we have seen so many market analysts, investors and speculators telling us to go for Bitcoin as it can soon be hitting at least $10,000 in the next few years and even $5,000 at the end of the year. The picture seems to be so rosy that it also create some discomfort in some people.

The recent dip in the Bitcoin value put some halt to this rosy picture, albeit temporarily. There are still some who believe that this recent development is very temporary and that after the scaling problem can be solved we can see Bitcoin at its real potential.

What is current feel for Bitcoin's value considering its recent retreat?

With the current behavior of Bitcoin's price, we fell from its uncertainties. We cannot think for ourselves on whether will bitcoin's price will increase or decrease. We are all confused at the time being. Some who do not care about the drops lately might be having thoughts now whether to sell or not. As the price falls, people also fall on confusions.

The price is somewhat disappointing in my side. The timing is off, when I urgently need money then the price drops. I guess I have to start accumulating again to cover my spent coins then.

PrymeTyme

full member

Activity: 183

Merit: 101

Quote from: stompix on July 14, 2017, 08:02:35 AM

Quote from: TokenLot on July 13, 2017, 02:06:15 AM

Quote from: iamTom123 on July 13, 2017, 01:42:46 AM

Last month, we have seen so many market analysts, investors and speculators telling us to go for Bitcoin as it can soon be hitting at least $10,000 in the next few years and even $5,000 at the end of the year. The picture seems to be so rosy that it also create some discomfort in some people.

The recent dip in the Bitcoin value put some halt to this rosy picture, albeit temporarily. There are still some who believe that this recent development is very temporary and that after the scaling problem can be solved we can see Bitcoin at its real potential.

What is current feel for Bitcoin's value considering its recent retreat?

You're focused on the past few weeks.
The articles/speculations you are referring to paint the bigger picture.
So lets look at a more macro view instead.
Bitcoin is up:
202% in the past 3 months
290% in the past 6 months
365% in the past year

and
200% in the last 4 years........

You can play with graphs and statistics how you want.
You can draw lines with bitcoin reaching 300k in 18 months like RIPietila did or bitcoin going to 0 in 4 days.

I have yet to see somebody guessing right the price of bitcoin more than 5 times in a row.
Statistics and past evolution are meaningless in bitcoinland.

I'm almost willing to bet the price will just ignore Aug1st and everything else for a few months but ...I'm bad at bets.

"predicting" price is a hit or miss...

but analyzing its current price behaviour can give some insight on its current state , wheter it is strong or weak ... and from that on one can participate in the market with a from of an "educated guess"

a market can only be in one of two states and that is Balance or Imbalance

and i have yet to see a Balanced state of BTC

john yuan

full member

Activity: 154

Merit: 100

0x3a730F3323481De284C92Ad82764D095f188B41b

Long-term value growth is positive
I believe that August will usher in a turning point

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: TokenLot on July 13, 2017, 02:06:15 AM

Quote from: iamTom123 on July 13, 2017, 01:42:46 AM

Last month, we have seen so many market analysts, investors and speculators telling us to go for Bitcoin as it can soon be hitting at least $10,000 in the next few years and even $5,000 at the end of the year. The picture seems to be so rosy that it also create some discomfort in some people.

The recent dip in the Bitcoin value put some halt to this rosy picture, albeit temporarily. There are still some who believe that this recent development is very temporary and that after the scaling problem can be solved we can see Bitcoin at its real potential.

What is current feel for Bitcoin's value considering its recent retreat?

You're focused on the past few weeks.
The articles/speculations you are referring to paint the bigger picture.
So lets look at a more macro view instead.
Bitcoin is up:
202% in the past 3 months
290% in the past 6 months
365% in the past year

and
200% in the last 4 years........

You can play with graphs and statistics how you want.
You can draw lines with bitcoin reaching 300k in 18 months like RIPietila did or bitcoin going to 0 in 4 days.

I have yet to see somebody guessing right the price of bitcoin more than 5 times in a row.
Statistics and past evolution are meaningless in bitcoinland.

I'm almost willing to bet the price will just ignore Aug1st and everything else for a few months but ...I'm bad at bets.

Topic: Still Believing That Bitcoin Can Rise High? (Read 2325 times)