Still Believing That Bitcoin Can Rise High? - page 3.

deisik

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

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

If you ask me, I would reply that it all depends

If SegWit gets activated somehow against all odds (say, Satoshi himself comes out of his hide-out and pushes strongly for SegWit activation), then it is a no-brainer that Bitcoin will spike spectacularly (but then Satoshi's very appearance could boost prices on its own). If SegWit gets postponed for an indefinite amount of time (which seems to be the most likely outcome as of now), it kinda looks Bitcoin prices will continue to stagnate with occasional pump and dump now and then. Ultimately, people may start leaving Bitcoin (if they don't already) and moving to altcoins which might offer them greater opportunities to earn profits

olubams

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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?

Bitcoin is still emerging and there is need for the volatility that is being experienced and this is something that will still be with us at least in the short term. And this is the reason why I am always sceptical about all the various thread that will see predicting a high price for bitcoin based on current happening forgetting other factors that might affect the price which is something we are currently witnessing but the hope is not lost because I believe the price will still bounce back to everyone amazement.

maku

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

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

Bitcoin is a highly volatile monetary system, we had many ups and downs in the past and at this point, it is safe to assume that this situation will continue in the future.
Recent retracement was caused by FUD about Bitcoin split, most users don't understand anything about protocol upgrade.
These people would rather dump all their cons to be sure that they won't lose money after BTC will crash/split after failed upgrade.

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Quote from: killerfrost on July 13, 2017, 09:33:57 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?

Since I invested in bitcoin, my life changed so much money to cover myself. So even though the price of bitcoin has been decreasing recently, I believe that bitcoin will increase rapidly. I do not worry about this because the campaigns are still open.

Don't hope the price of Bitcoin can increase fast after a big crash. If you care your Bitcoin and your funds, I recommend you should follow status SegWit2x Bitcoin, when see signal the price can breakdown, going to FIAT or USDT is best place to keep your money. Although, I understand still earning Bitcoin with campagin is good, but make extra profit and keep this amount very important!

bkbirge

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The technology of going digital for currency is inevitable. The cat is already out of the bag and the writing is on the wall. This is a sea change for the entire world in the way that the internet was or the way the nuclear bomb was, this will affect gov't and maybe even the definition of gov't. All that said, that doesn't mean bitcoin itself can't completely crash along the way to whatever tech is eventually mainstreamed. Or it could be the digital gold standard. Hard to tell.

Ronaldcoin2017

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Quote from: LeGaulois on July 13, 2017, 07:44:14 AM

This is one of the problem. People are comparing the Bitcoin value with the past two weeks or less. So if the price decrased by 10% people tend to say Bitcoin is faded, Bitcoin value is decrasing a lot, Bitcoin is dead and obsolete,etc. But people shouldn't consider with what it was just some weeks ago. Ok the value decrased by 10% but we need to look far than 2 weeks ago. Now if you consider with last year, two years ago the story is completely different. You don't compare your salary with the last month, you compare it with the previous year or more

yes i agree on you because most of the people is currently always afraid of the unknown.mostly if the price decreases the dis appointment occur and the laziness takes place in thier mind and but i think everybody should know that sometimes good things come to those who wait.i believe that bitcoin price rise up even if how many times it is drawn to be decreases.

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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?

Since I invested in bitcoin, my life changed so much money to cover myself. So even though the price of bitcoin has been decreasing recently, I believe that bitcoin will increase rapidly. I do not worry about this because the campaigns are still open.

Herbert2020

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those articles were mostly because of over-excitement in my opinion. and what you are saying is also over-depression!
so far nothing has changed. price has gone up from $1000 to more than $2000 which is more than 100% rise in nearly 6 months and people are starting to act all weird because the "rise" has stopped. i mean this is already a crazy big rise for this whole year! and even if there wasn't any more rises and price stayed at $2400ish for the rest of this year the rise would still be the same percentage as previous years!

so why the weirdness about not rising!

LeGaulois

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This is one of the problem. People are comparing the Bitcoin value with the past two weeks or less. So if the price decrased by 10% people tend to say Bitcoin is faded, Bitcoin value is decrasing a lot, Bitcoin is dead and obsolete,etc. But people shouldn't consider with what it was just some weeks ago. Ok the value decrased by 10% but we need to look far than 2 weeks ago. Now if you consider with last year, two years ago the story is completely different. You don't compare your salary with the last month, you compare it with the previous year or more

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Quote from: rickadone on July 13, 2017, 03:44:58 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?

Did bitcoin crashed into half of value from its ATH ? Did major countries start banning people from bitcoin using ? No. Then why should I stop believing into bitcoins that it will be reaching some big prices like $5000 by end of this year ? Th recent dip was just a usual fluctuations when there will be the mixed sentiment about future development progresses. It does not mean that bitcoin will never ever bounce back, it will and we are heading to million dollars level in coming years, get ready or regret later.

Yup! I agreed, we are only heading for a big change in bitcoin but after that bitcoin price will never be the same and I am thinking the same thing now, back then I am blurred on what is about to happen on the impending August 1, but after reading any nook and cranny on all about to know, I have learn that bitcoin is about to stay and much more greater than before.

rickadone

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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?

Did bitcoin crashed into half of value from its ATH ? Did major countries start banning people from bitcoin using ? No. Then why should I stop believing into bitcoins that it will be reaching some big prices like $5000 by end of this year ? Th recent dip was just a usual fluctuations when there will be the mixed sentiment about future development progresses. It does not mean that bitcoin will never ever bounce back, it will and we are heading to million dollars level in coming years, get ready or regret later.

shone08

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If you have a positive thinking that Bitcoin can rise high to the moon so there will be no doubt that it will came. There's a lot of speculators this coming upgrade of segwit2x (split) will affect the price of Bitcoin. And if you see this year Bitcoin was at an all-time high.
I believe in the technology ( protocol ) of Bitcoin and after this soft pork we can see its potential (rise again).

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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

iamTom123

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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?

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