The price of Bitcoin and its further prospects

LuciferEveningStar

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Quote from: Kilian_Russo on February 26, 2018, 02:42:32 AM

The price of Bitcoin and its further prospects

The main crypto-currencies have struggled to maintain their upward momentum, provided earlier this week. Bitcoin fell again below the $ 10,000 mark, while Ethereum is very careful to exceed the threshold of nine hundred dollars.

Earlier this year, the Bitcoin dominance index hit a record high. Throughout the recovery period in February, the Bitcoin dominance index, which measures its share of the entire crypto-currency market, rose significantly to about thirty-nine percent, largely because of the fact that most of the currencies in the market followed the price trend of Bitcoin itself.

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In my own opinion, the price of bitcoins will be starting to grow up again due to different people who are investing today so keep on holding your coins in order to earn more profit in the future.

Sir Cross

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Quote from: Palmaper on July 07, 2018, 11:41:13 AM

Quote from: Kilian_Russo on February 26, 2018, 02:42:32 AM

The price of Bitcoin and its further prospects

The main crypto-currencies have struggled to maintain their upward momentum, provided earlier this week. Bitcoin fell again below the $ 10,000 mark, while Ethereum is very careful to exceed the threshold of nine hundred dollars.

Earlier this year, the Bitcoin dominance index hit a record high. Throughout the recovery period in February, the Bitcoin dominance index, which measures its share of the entire crypto-currency market, rose significantly to about thirty-nine percent, largely because of the fact that most of the currencies in the market followed the price trend of Bitcoin itself.

More

I think people should be aware that the only reason that could drive the price of bitcoin to such aggressive growth throughout 2017 was an irrational and unsustainable speculative bubble, so distrust should not prevail now that bitcoin has remained stable around $8,500. It is true that the big speculators would like bitcoin to continue growing 100% monthly but that is not possible, and I think the current price is quite realistic if we compare it with the previous behavior of bitcoin throughout 2016 and 2017.

Growing at 100% monthly would be risky and dangerous. At a rate like that, it’s likely that it will become a bubble and it would burst very soon. We can’t say whether the price is realistic since we don’t know what the true price of bitcoin is. It’s likely that the price will just continue to go up since there is still plenty of room to grow and bitcoin has plenty of potential.

Palmaper

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Quote from: Kilian_Russo on February 26, 2018, 02:42:32 AM

The price of Bitcoin and its further prospects

The main crypto-currencies have struggled to maintain their upward momentum, provided earlier this week. Bitcoin fell again below the $ 10,000 mark, while Ethereum is very careful to exceed the threshold of nine hundred dollars.

Earlier this year, the Bitcoin dominance index hit a record high. Throughout the recovery period in February, the Bitcoin dominance index, which measures its share of the entire crypto-currency market, rose significantly to about thirty-nine percent, largely because of the fact that most of the currencies in the market followed the price trend of Bitcoin itself.

More

I think people should be aware that the only reason that could drive the price of bitcoin to such aggressive growth throughout 2017 was an irrational and unsustainable speculative bubble, so distrust should not prevail now that bitcoin has remained stable around $8,500. It is true that the big speculators would like bitcoin to continue growing 100% monthly but that is not possible, and I think the current price is quite realistic if we compare it with the previous behavior of bitcoin throughout 2016 and 2017.

Crypto-mim

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Bitcoin has a big problem, economically it is not viable as a major currency for allot of reasons (I won't get into that unless you are interested). The two big uses for bitcoin atm and for the foreseeable future is buying alt-coins and as a store of value(this is really controversial). Future for bitcoin is weird, might keep going up or it might disappear, no one knows but its a big gamble.

osasshem

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Quote from: qwertyup23 on March 05, 2018, 11:03:35 PM

Quote from: osasshem on March 05, 2018, 03:14:41 PM

The future of bitcoin will stand cause the technology behind it is a technology that is for the future. The current drop in the price of bitcoin is not a big deal or point for bitcoin to crash out of the line, it is just a point of balance for a new hight in its price. If in few days/weeks of December 2017, the price hit a new and an unbelievable height, then there is no doubt that the past months of the year 2018 will be used for correction in its price. The use and popularity of bitcoin will be increased these year immediately the price recovers from its corrections.

Adopting a digitalised form of payment currently in the world would be a disaster, as countries differ in terms of its economic and technological aspect. Considering the developing countries and underdeveloped countries, they face a problem of having a stable internet connection in order to utilise bitcoin. But you are right in saying that in the future, countries will gradually advance its standing and adopt this kind of system. This would take years in order to fully see it in action but I doubt that bitcoin would just fall-out due to a decrease on its price.

Quote from: newwest on March 05, 2018, 05:55:08 AM

Quote from: nightfury on March 05, 2018, 01:59:11 AM

Well, what i am more concerned in bitcoin's future is actually its price and that is based on the demand of the people. Bitcoin's market price went down so deep and my faith of HODLing it have been tested. If bitcoin's dominance will continue through the coming years, i believe it will have a very expensive price even before this year ends.

It is matter of time that we need to have patience to hold back. When the rise starts we all are so happy and forgets about the previous times of crash which happens. In the same way once it rises we will forget this time of long waiting which we need to do due to price crash which has happened.

People constantly change their decisions throughout time. When they see an opportunity on investing that would probably yield them income, they do not hesitate on doing so. With bitcoin, throughout the years people have been neglected its existence on its first operations but the ones who saw its potential are now enjoying from their profits. We just need to patiently wait and enjoy the existence of these cryptocurrencies as it may give us profits larger and faster compared to other investment mechanisms.

Well, it will be difficult to the underdeveloped countries when it comes into the aspect of technology, cause most or majority of the African countries are backward and has a big lapses when it comes to the internet connectivity (which is the most needed thing about crypto currency).

qwertyup23

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Quote from: osasshem on March 05, 2018, 03:14:41 PM

The future of bitcoin will stand cause the technology behind it is a technology that is for the future. The current drop in the price of bitcoin is not a big deal or point for bitcoin to crash out of the line, it is just a point of balance for a new hight in its price. If in few days/weeks of December 2017, the price hit a new and an unbelievable height, then there is no doubt that the past months of the year 2018 will be used for correction in its price. The use and popularity of bitcoin will be increased these year immediately the price recovers from its corrections.

Adopting a digitalised form of payment currently in the world would be a disaster, as countries differ in terms of its economic and technological aspect. Considering the developing countries and underdeveloped countries, they face a problem of having a stable internet connection in order to utilise bitcoin. But you are right in saying that in the future, countries will gradually advance its standing and adopt this kind of system. This would take years in order to fully see it in action but I doubt that bitcoin would just fall-out due to a decrease on its price.

Quote from: newwest on March 05, 2018, 05:55:08 AM

Quote from: nightfury on March 05, 2018, 01:59:11 AM

Well, what i am more concerned in bitcoin's future is actually its price and that is based on the demand of the people. Bitcoin's market price went down so deep and my faith of HODLing it have been tested. If bitcoin's dominance will continue through the coming years, i believe it will have a very expensive price even before this year ends.

It is matter of time that we need to have patience to hold back. When the rise starts we all are so happy and forgets about the previous times of crash which happens. In the same way once it rises we will forget this time of long waiting which we need to do due to price crash which has happened.

People constantly change their decisions throughout time. When they see an opportunity on investing that would probably yield them income, they do not hesitate on doing so. With bitcoin, throughout the years people have been neglected its existence on its first operations but the ones who saw its potential are now enjoying from their profits. We just need to patiently wait and enjoy the existence of these cryptocurrencies as it may give us profits larger and faster compared to other investment mechanisms.

LillianScarlett

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Hard to say, right now. But I am still buying them and as Bible said, going to be worldwide currency. May be it’s the beginning of the new future.

Idrisu

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Quote from: Kilian_Russo on February 26, 2018, 02:42:32 AM

The price of Bitcoin and its further prospects

The main crypto-currencies have struggled to maintain their upward momentum, provided earlier this week. Bitcoin fell again below the $ 10,000 mark, while Ethereum is very careful to exceed the threshold of nine hundred dollars.

Earlier this year, the Bitcoin dominance index hit a record high. Throughout the recovery period in February, the Bitcoin dominance index, which measures its share of the entire crypto-currency market, rose significantly to about thirty-nine percent, largely because of the fact that most of the currencies in the market followed the price trend of Bitcoin itself.

More

Since then bitcoin has have some serious recovery and it is currently eyeing $12,000. Bitcoin may began to show another strength any moment from the middle of this months. Bitcoin dominant is over and this is not because bitcoin is loosing in value but because many new coins are coming into the market and are sharing the market capitalization.

osasshem

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The future of bitcoin will stand cause the technology behind it is a technology that is for the future. The current drop in the price of bitcoin is not a big deal or point for bitcoin to crash out of the line, it is just a point of balance for a new hight in its price. If in few days/weeks of December 2017, the price hit a new and an unbelievable height, then there is no doubt that the past months of the year 2018 will be used for correction in its price. The use and popularity of bitcoin will be increased these year immediately the price recovers from its corrections.

richardsNY

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Quote from: nightfury on March 05, 2018, 01:59:11 AM

Well, what i am more concerned in bitcoin's future is actually its price and that is based on the demand of the people. Bitcoin's market price went down so deep and my faith of HODLing it have been tested. If bitcoin's dominance will continue through the coming years, i believe it will have a very expensive price even before this year ends.

You're concerned about the price? Seriously? Bitcoin's price, and thus its demand has been increasing consistently throughout the years, check the long term charts if you don't believe me. The problem with your way of thinking is that you only look at the peak of nearly $20,000 and for that reason consider current levels to be low, and thus a sign of lower demand. That's a very short term way of thinking, making you see only the negative aspect of the last months. If you look at the charts from exactly one year ago till where we are today, you'll see something completely different, which indicates a massively increased price. Peaks do not represent the reality, only speculation, which is what people here seem to ignore.

Risktaker31

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The thing is there are stable community that are currently supporting it and can't easily go down and perish. As the time passes more and more people are adapting it even some countries are trying to get into it and involved on the revolutionizing the market and payment or trading system.

newwest

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★777Coin.com★ Fun BTC Casino!

Quote from: nightfury on March 05, 2018, 01:59:11 AM

Well, what i am more concerned in bitcoin's future is actually its price and that is based on the demand of the people. Bitcoin's market price went down so deep and my faith of HODLing it have been tested. If bitcoin's dominance will continue through the coming years, i believe it will have a very expensive price even before this year ends.

It is matter of time that we need to have patience to hold back. When the rise starts we all are so happy and forgets about the previous times of crash which happens. In the same way once it rises we will forget this time of long waiting which we need to do due to price crash which has happened.

nightfury

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Well, what i am more concerned in bitcoin's future is actually its price and that is based on the demand of the people. Bitcoin's market price went down so deep and my faith of HODLing it have been tested. If bitcoin's dominance will continue through the coming years, i believe it will have a very expensive price even before this year ends.

jsmithuk

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We need to see the Tether crash crypto first and then it can rise to ATH's.

Sir Cross

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Quote from: Basmic on March 03, 2018, 01:46:38 PM

For me, the price of bitcoin does not matter. Why is no one interested in the dollar price? Because we buy goods for a dollar. I am more interested in the possibility of using bitcoin in everyday life. I want to be able to buy goods for bitcoins without having to exchange for Fiat. Then we will constantly have new opportunities for earning bitcoins and the price will not matter.

It may take a long time for that to actually happen and for that to be realized. It's quite an interesting thought. If this were actually to happen, then this would be of much convenience and an advantage for those who have earned bitcoin way before it even became mainstream. People look into the USD price now because the only way for them to use their bitcoin or spend it is by converting it into fiat and the USD price would dictate its value. If goods may be bought directly with the use of bitcoin, that would be a whole different matter.

coolcoinz

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I don’t think there will be a smooth way ahead of these currecies , Yes it proved in the past. But I am confronting a currecny should not be used for gambling purposes.

Why? Gambling is a part of our lives whether we want it or not. People are betting with their friends who will drink more or faster, who will pick up a girl, which team will win the football match. Casinos are legitimate businesses, that can be registered in almost every country in the world. Why shouldn't a currency be used to gamble? All world currencies are being gambled as we speak and nothing bad is happening.

Basmic

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For me, the price of bitcoin does not matter. Why is no one interested in the dollar price? Because we buy goods for a dollar. I am more interested in the possibility of using bitcoin in everyday life. I want to be able to buy goods for bitcoins without having to exchange for Fiat. Then we will constantly have new opportunities for earning bitcoins and the price will not matter.

siti25

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Quote from: Kilian_Russo on February 26, 2018, 02:42:32 AM

The price of Bitcoin and its further prospects

The main crypto-currencies have struggled to maintain their upward momentum, provided earlier this week. Bitcoin fell again below the $ 10,000 mark, while Ethereum is very careful to exceed the threshold of nine hundred dollars.

Earlier this year, the Bitcoin dominance index hit a record high. Throughout the recovery period in February, the Bitcoin dominance index, which measures its share of the entire crypto-currency market, rose significantly to about thirty-nine percent, largely because of the fact that most of the currencies in the market followed the price trend of Bitcoin itself.

More

see, bitcoin is back fixing its current price. already a lot of new whales are getting interested in bitcoin and they are starting to invest in it. I think it's fair because the price of ethereum is likely to be stable, and bitcoin prices have reached the latest record at the end of 2o17. but, at the moment I believe the market share will continue to increase as the soaring prices of bitcoin skyrocket again. who knows tomorrow or the day after tomorrow we will return to the moon.

IsabellaSophia

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I think, It’s always better to invest in crypto currencies than of investing in share market(if you’re planning to invest). And talking about the Bitcoin it does got great future ahead.

darkangel11

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Don't let others control your BTC -> self custody

Quote from: LenaPetrova on March 03, 2018, 10:34:21 AM

As per my concern this year Bitcoin will take more time to get the stability and it will run around 15k to 10k . That’s what we are seeing . But certainly it has much better future.

Even though your post has this bearish attitude it's in fact bullish. 15k is actually a very nice price for the coin to stabilize at and if more people were to expect that it would draw the market to that support for sure. I'd be quite happy with 15k this year, but since BTC likes to surprise us I think that we'll at least attempt to break $20k again. It may be in Autumn somewhere, but it will happen.

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