We would be 1000+ if bitfinex didn't happen - page 3.

Wind_FURY

legendary

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Quote from: BillyBobZorton on September 06, 2016, 12:26:38 PM

All the idiots that still don't own any bitcoin will keep going FOMO every time it goes up. They are pussies scared to get in and once it starts rising they get in quick.

We will be at 1000 next year granted.

Bitcoin is always "on its way to $1000". The problem is we do not know when. There will also be times that it will go low for a long time and in my opinion that is the best time to buy. At prices under $5000 - $10,000, BTC will be volatile because it's movements go in the hundreds or more. Percentage wise that will be very volatile. BTC needs to reach the price of $10,000 or more the the hundreds of dollars of volatility to be negligent.

In the very long term I am a believer it could really happen. But the problem is the question when?

Snorek

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Quote from: BillyBobZorton on September 06, 2016, 12:26:38 PM

All the idiots that still don't own any bitcoin will keep going FOMO every time it goes up. They are pussies scared to get in and once it starts rising they get in quick.

We will be at 1000 next year granted.

There is no guarantee that we will reach $1000 next year or even in the future at all. After that 2013 ultra pump when bitcoin reached its ATH people were overly optimistic.
Right after that I've heard prediction that bitcoin will be $10.000 in 2018 - famous Tim Draper’s 2018 Bitcoin Price Prediction - and now this scenario seems very unlikely.

Optimistic crows cheered that after halving bitcoin will reach $1000 instantly, which also didn't happen...

Shinpako09

legendary

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$1000 next year? hmmm lets see if theres no incident that would cause the price to fall again. Seems legit if ever. My guess if bitfinex incident wasnt happen it will reach as early as this year. Just my guess.

rio3233

sr. member

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Even bitfinix tragedy happened, the price is come back to normal after 1 week. So, i thing it's still the same and i'm not sure it would be $1000+ without bitfinex tragedy.

jackg

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https://bit.ly/387FXHi lightning theory

I don't think it's really likely that we would've been at 1000/btc net year.
The most we'd probably get is around 800 (probably). It may go above 1000 though, bitcoin itself is a very volatile asset so it's not really known what kills it's price. But I don't think Bifinex would lose it that much as they only lost a very small amount of Bitcoins (compared to the number of bitcoins in circulation at the moment).

btvGainer

legendary

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Good news that price is going up and we expect it to keep climbing.I hope in next two months it will be around $800 and next year we could have some more good news

chesthing

legendary

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Price was in decline well before the bitfinex hack, but whatever. I do expect higher prices this fall/winter fwiw.

Backside walkaround

full member

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There's probably some truth to that, but explanations and predictions are always square dancing around the truth. And none of us really know what that is. Everyone thought the halving was going to blast us into outer space and that didn't happen. In any case I'm enjoying the current little bull market. It's a baby bull.

InvoKing

legendary

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✋(▀Ĺ̯ ▀-͠ )

Quote from: BillyBobZorton on September 06, 2016, 12:26:38 PM

We will be at 1000 next year granted.

Odds are 50 - 50
I would say that the $1k is a big challenge and passing this barrier could release the full potential of bitcoin that we believe in
For the bitfinex thing, ya it had harmed the price but I wouldn't say that it is the main cause

zimmah

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Quote from: BillyBobZorton on September 06, 2016, 12:26:38 PM

All the idiots that still don't own any bitcoin will keep going FOMO every time it goes up. They are pussies scared to get in and once it starts rising they get in quick.

We will be at 1000 next year granted.

nah, even before bitfinix we were going pretty slow and downhill.

the main problem is the scaling debate, and the very sow progress on on-chain scaling. If there's even any progress at all.

It has been predicted for years that the blocks would get full this year, and they have been full for most of the year. The amount of full blocks is really high, and this is bad because it limits growth.

In fact it is literally impossible for bitcoin to get more active users right now, because the network is already running at max capacity. We NEED an upgrade to the blocksize. This is not optional.

Only after a serous solution for the on-chain scaling we will be able to grow.

But once that is fixed, we would have a lot of momentum to drive the price up, and I wouldn't be surprised to see it go up by 10 or 20 times.

ivanst776

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Quote from: BillyBobZorton on September 06, 2016, 12:26:38 PM

All the idiots that still don't own any bitcoin will keep going FOMO every time it goes up. They are pussies scared to get in and once it starts rising they get in quick.

We will be at 1000 next year granted.

At that time the price didn't had any ups and downs and it was pretty much stable when the suddenly the bitfinex got hacked.

I don't think that until now the price would go so high such as 1,000 because the time is not far away from now.

If the bitcoin price would continue on that trend the maximum price that we could expect until now would be $800.

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Quote from: virusasog on September 06, 2016, 01:51:54 PM

Quote from: BillyBobZorton on September 06, 2016, 12:26:38 PM

All the idiots that still don't own any bitcoin will keep going FOMO every time it goes up. They are pussies scared to get in and once it starts rising they get in quick.

We will be at 1000 next year granted.

According to me It's just a reason for the price speculation after halving done, might be that was the issue for the price drop who knows.

I am pretty sure most know the price drop was due to 120k extra BTC flooding the market and the panic of another exchange "hack". I wouldn't worry to much about what others do OP, everyone is playing their own game. The trick is to play your own and not waste your energy on others.

virusasog

sr. member

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Quote from: BillyBobZorton on September 06, 2016, 12:26:38 PM

All the idiots that still don't own any bitcoin will keep going FOMO every time it goes up. They are pussies scared to get in and once it starts rising they get in quick.

We will be at 1000 next year granted.

According to me It's just a reason for the price speculation after halving done, might be that was the issue for the price drop who knows.

~Bitcoin~

legendary

Activity: 994

Merit: 1000

There is no guarantee what will happen to price in future or what could be the price of bitcoin it will be right now if bitfinex wasn't hacked few month ago. But we have to be happy to see atleast price is rising even when there is lots of panic sellers in the market.

DebitMe

legendary

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Get Paid Crypto To Walk or Drive

Don't get greedy and want a super quick increase in price. Lets take a long time and gradually move upwards at sustainable levels. That would do more good for bitcoins name than any hacking attempt.

crossabdd

legendary

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maybe, because before bitfinex occur bitcoin prices are on a rising trend. then when bitfinex happens many people panic and sell bitcoin, this also can affect some investor confidence. but good the price of bitcoin after fall and until now has been seen to recover. to reach $1000 is still likely to be achieved this year. yes i hope the price is able to reach $1000 by the end of this year.

BillyBobZorton

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All the idiots that still don't own any bitcoin will keep going FOMO every time it goes up. They are pussies scared to get in and once it starts rising they get in quick.

We will be at 1000 next year granted.

Topic: We would be 1000+ if bitfinex didn't happen - page 3. (Read 2779 times)