Topic: The Crash is gone, and we will see 3,500 usd within 60 days from today - page 3. (Read 5239 times)

Buy bitcoin now, then use to trade altcoin for daily profit.
And sell bitcoin when the price is more expensive from buy price, with this you can get double profit 

There really wasn't many resistance on 2k$ and despite price falling it went up! I am strongly positive that we will break 3k$ the next month when australia legalize bitcoin and crypto currency in general I crossed my fingers and hope for the best!

I think that this imaginary treshold of 3000$ could be broken, no matter the selling. This panic selling performed by some users is happening all the time but still this is not the only thing that influence the price. Just three months ago very few even throughout that the price will exceed 2000 and where are we now. When it comes to Bitcoin everything is possible.

Nope it's really going to be hard for bitcoin to reach 3500$ in the next 60 days because there is extensive trading going on which isn't allowing the price to reach 3000$. People are just selling at 2900$ which leads it to fall to 2700$ and this has already happened twice. If people stop selling at 2900$ then only we can expect a increase otherwise it will be hard

That may not be the case

Basically, we made the second top which is what could have been expected after the first, "test" wave of correction. As much as I myself want the price to rise further, we may still be on the brink of a full-fledged correction, or rather crash, down to 1,500 dollars per coin and below. That would mean that the Bitcoin bubble has finally imploded. Add to this fear, uncertainty, doubt due to tensions escalating in the Bitcoin camp as of recent and you will have a reason for Bitcoin prices to stay low until the dust settles or Bitcoin dies in the process

Nah, I think that the recent price increase is not affected but this acceptance since Japan have announced the acceptance of Bitcoin as illegal tender a few months ago and nothing significant happens towards the price.
I just think that the cryptocurrency is just overvalued that makes the demand overwhelmingly increasing, but I was wrong. The cryptocurrency still undervalued in some people's perspective and now goes to overvalued because the price is now absurdly high. But, it's a good thing still.

I guess that you meant $2,800 instead of $3,800. 

Anyway, yesterday it went all the way up to $2,950, before falling back to $2,650. There was a lot of resistance at around $2950-3000. But the correction or the crash that followed it was rather mild. The next spike is going to take us beyond $3,000. If it is not going to happen today, then definitely it will happen sometime this week.

Oh Yeah, I forgot about Australia, to be honest I do not know if bitcoin is as big in Australia in order to make the price grow that much, when Japan accepted bitcoin we knew the price will skyrocket because bitcoin is big in Japan, but Australia, I have my doubts.

Actually a chain split and increased blocks size would be the best option in the long run. If we're just looking at trying to get the price as high as possible in the shortest time then yeah, lets rather keep it like is

Actually looking to the past, this comeback was really odd because the crash wasn't massive (comparing it to the mtgox all time high). I honestly thought that it is going to be dumped all together with other alts to at least 1300 usd.

However, the massive resistance was broken and the price skyrocketed again. Also the growth will be fueled by the fact that the market cap of 100 billion by all the cryptos added together was reached. We can expect a massive pour in of money in the coming days as people will be just going in recklessly.

By the way, good news from Australia, I was thinking to move there for quite a long time as it's my dream country. The fact that it is going to accept bitcoin as a normal currency adds just another plus to my desire to live there haha

Yeah, that's crazy how the price is going to be pumped in the upcoming days. To be honest I earlier thought that it might be dumped by the upcoming uasf situation and possible split to two coins what would be just disastrous. But just look at this guy: https://www.youtube.com/watch?v=vVFGdXq8NWA

Basically what he's saying is that it is possible that people who don't know anything about bitcoins in the programmer way and the ones who don't know about segwit and uasf will take it as good news. Thus it will make them buy even more bitcoins and make the price go even more up. That's some crazy stuff, however as long as it is good for bitcoin, I'm happy.

Not only we'll hit $3500 sooner than 60 days but rather sooner than 20 days with the current bull market that I see since yesterday, also we might not be getting a chain split after all because from what I see this has gone too big for anyone dare to split the chain, so yes if we just go past the $3000 record and make history I believe rising above $3000 will be an easy task at least for the well invested whales.

Yes, that news about country that accepting bitcoin is really give a good impact into bitcoin's price. The price of bitcoin is around $3800+ right now and really close to $3000. I don't know if the price of bitcoin can reach $3000, but i'm afraid that the price will goes down again like the last time happened.

I don't think Australia's tax change on BTC will do anything to the price of BTC , simply because we in Aus do not have big BTC infrastructure. However, it may open a few doors up with retail sector slowly opening up to the idea of excepting BTC as a form of payment.

Anyway, i think SigWit will more an impact on BTC then anything else i'm hearing.  

That was rather a minor (well, mostly) correction

I wouldn't call it a crash, either, but let's admit it that the OP was rather accurate and precise in his predictions of this correction. Regarding the rebound itself, as I said before, it could just as easily be the price going for the second top before the real correction (which could be rightfully called a crash) sets in. And then everyone will be happy to prove the Oracle of Bitcoin wrong. Though I don't know if they will be as happy with the prices hovering over 1,000 dollars per coin (or even below that)

There was no crash to begin with, actually. The profit takers deemed it was time to sell so the price went down for a while after breaking the $2800 price. No negative news came out and now the price is stronger than before and looking poised for another surge past $300, as evidenced with the demand and interest for bitcoin growing by the day.

Still it would boost price either way because with the double taxation on transactions using cruptocurrency gonr, many more users from that country might use bitcoin. You are right though in saying it would take a long time before Australia accepts BTC as a currency but the main point of OP here is that price would increase to 3,500 $ in 60 days so let it slide and just wait and see whether OP's prediction will happen or not.

I think you misunderstood the Australian ATO publication .. Australia is not accepting BTC as a currency, it's simply doing away with the double taxation on transactions with all & any Alt coins. When i can pay my Government duties in BTC or Alt coins, is the day it will become a currency.. long way off before that happens.   

lots of country were intersted now so hoping for more increase in the next few days.

It's nice to see another country will accept btc again. It would have a big impact in the price. I can say now that $3000 price is very possible in less time.

What i'm thinking right now is, what if atleast 10 countries will accept bitcoin 3 years from now. Oh my, I can't imagine what would be the price is if ever that will happen.

Hopefully that will materialize in the coming few weeks and we will be able to increase our Bitcoin stock, there are a few more corrections that will be done on the network and I hope amicable solution will be found soon.