What Bitcoin price is too high? - page 2.

dumada

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Quote from: zodin on August 02, 2016, 04:49:46 PM

Quote from: outatime1 on August 02, 2016, 06:04:58 AM

We're seeing that $700 may be too high for the price right now. It has dipped to around $600 and could go lower. I look at this as a time to buy before the price rises again.

but to me this time it is going to cross 1200 USD very easily. although it is really looking very odd do predict the price of biotin in present situation because the price of bitcoin is continuously falling and there is still no strong support for bitcoin which can stop bitcoin from falling any more.

There is a big hack on the biggest bitcoin exchange. It will take much longer than expected to reach $1200.

zodin

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Quote from: outatime1 on August 02, 2016, 06:04:58 AM

We're seeing that $700 may be too high for the price right now. It has dipped to around $600 and could go lower. I look at this as a time to buy before the price rises again.

but to me this time it is going to cross 1200 USD very easily. although it is really looking very odd do predict the price of biotin in present situation because the price of bitcoin is continuously falling and there is still no strong support for bitcoin which can stop bitcoin from falling any more.

Superbitzz

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Quote from: pearnapple on August 02, 2016, 09:42:08 AM

Quote from: Theboyz12 on August 02, 2016, 05:18:42 AM

For now this year don't expect that one of the poll will reach because the price is decreasing and i think we will experience of crisis here and the price will hit again back to below 600 value..

of course it wont drop that low, it would be just nonsense, the halving has happened so the price must hold at higher prices in order for miners to get some profit

yes that is a fact the present downfall of bitcoin is also not in the favour of miners, they cannot afford mining if the price of bitcoin continue falling. therefore i think that there will be so much support to bitcoin in 55o$ and hope that after that the price of bitcoin will again start rising and hope that this time it will cross its all time high level.

pearnapple

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Quote from: Theboyz12 on August 02, 2016, 05:18:42 AM

For now this year don't expect that one of the poll will reach because the price is decreasing and i think we will experience of crisis here and the price will hit again back to below 600 value..

of course it wont drop that low, it would be just nonsense, the halving has happened so the price must hold at higher prices in order for miners to get some profit

Positid

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I have to conservation with my prediction here and have selected only $1,000 for now. I am actually looking for the short term price of bitcoin, and having said that short term for me means that the price will happen this year alone, yes! we can witness a good price this year of up to $1,000.

outatime1

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We're seeing that $700 may be too high for the price right now. It has dipped to around $600 and could go lower. I look at this as a time to buy before the price rises again.

1Referee

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Quote from: dumada on August 02, 2016, 05:03:30 AM

In the short term, if the bitcoin price is $900 next month, I think it is too high. If it is $800, it is reasonable.

It's a free market, if the price reaches $800 or $900, then it doesn't mean it's too high. It depends on the reason of the price going up that much. If it's without reason, then you can indeed say that the price is overbought.

Theboyz12

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For now this year don't expect that one of the poll will reach because the price is decreasing and i think we will experience of crisis here and the price will hit again back to below 600 value..

ImHash

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it only depends on the popularity of bitcoin and how many people are buying and selling if a lot of them like millions try to buy some btc then $5000 is still considered as low, more people get involved with bitcoin and crypto in total more rising in prices I hope. Roll Eyes

ethereumhunter

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i think its not too high at the moment, because if we take a look on the miners, they only got small amount than before. so its should be more than $1000, but its just my opinion. i don't know how exactly to calculate what is this too high or not. but i think, we only can predict about the future, no one can be said "i am right, you are wrong" Grin

lets we see what is happen in future, shall we? Grin

dumada

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In the short term, if the bitcoin price is $900 next month, I think it is too high. If it is $800, it is reasonable.

Leonard2016

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well, some of the POLL options are just too big to even be true in my sleep like 1 billion dollar and so on.

but for normal prices i think over time, meaning in a couple of years it is possible to see $1000 and then 2K, 3K and it is possible to see 5k+ for bitcoin in a couple of years although it all depends on how well bitcoin can get adopted in these years and i personlly consider prices like 10K and above impossible (too high) for bitcoin.

mundang

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$100k is too high for a bitcoin price when it comes to me,cause we might reach the $10k to $40k after years that will come.
2030 bitcoin will reach the $20k price.

Osarman

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i think $10000 is the highest price of bitcoin, because bitcoin is very popular than other currency and maximum people are investing their money in bitcoin .

ASHLIUSZ

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The price of bitcoin today is $657, it is being stable around $650 to $680 for about one month. If the price rises to $1000 within couple of months and remain stable means at that moment we can say the bitcoin price is too high.

bitcoinlover1

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Quote from: alpesh102 on July 13, 2016, 05:31:10 AM

Quote from: mynameisdon on June 30, 2016, 08:26:37 AM

All money in this world in btc=
1717898361btc

Maximum available btc= 21000000btc

So now all money stored in btc of world in btc=21000000*520$(standard exchange rate for 2016)=
20958526btc

money stored in bank of world in btc= 1717898361-20958526
1696939835btc

how much part of money stored in btc of world in btc=1717898361/2095852681.26~82

1/82money of world invested in bitcoin so the rate comes 520$/btc.

Now if 1/10 part of money stored in btc it's rate will be
8.20000131×520=
4264$/btc

So now i think you got answer of your question neither bitcoin rate is high nor low it's price just depend in all how much money stored in btc.
If storing money in btc increase its demand will increase.

Don't blame me if you can't understand Grin

Neither this article on net i copied nor its any statement.i just made this with my hard work after spending an hour

sochnewali bat hai.....

You posted in hindi language here.
Its not and local indian thread to post in hindi here many would dont understand it...

White sugar

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Above $1M will be too expensive to me.

Anything below that will be reasonable and with more room to grow, in my opinion

Matkurb

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Quote from: Red-Apple on July 13, 2016, 09:04:32 AM

looking at the short term rises for example in the next month any price around $1000 is too high for bitcoin and will not hold but if you are actually looking at the bigger picture here i believe that bitcoin price should really be a lot more than this because bitcoin is in fact undervalued right now so i would vote for $5000+ which is also not a part of the poll!

That is right. If the bitcoin price is $1000 next month, it will be too high. If the price is $1000 in 6 months, it is normal.

Red-Apple

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looking at the short term rises for example in the next month any price around $1000 is too high for bitcoin and will not hold but if you are actually looking at the bigger picture here i believe that bitcoin price should really be a lot more than this because bitcoin is in fact undervalued right now so i would vote for $5000+ which is also not a part of the poll!

alpesh102

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Quote from: mynameisdon on June 30, 2016, 08:26:37 AM

All money in this world in btc=
1717898361btc

Maximum available btc= 21000000btc

So now all money stored in btc of world in btc=21000000*520$(standard exchange rate for 2016)=
20958526btc

money stored in bank of world in btc= 1717898361-20958526
1696939835btc

how much part of money stored in btc of world in btc=1717898361/2095852681.26~82

1/82money of world invested in bitcoin so the rate comes 520$/btc.

Now if 1/10 part of money stored in btc it's rate will be
8.20000131×520=
4264$/btc

So now i think you got answer of your question neither bitcoin rate is high nor low it's price just depend in all how much money stored in btc.
If storing money in btc increase its demand will increase.

Don't blame me if you can't understand Grin

Neither this article on net i copied nor its any statement.i just made this with my hard work after spending an hour

sochnewali bat hai.....

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