What is the future of Bitcoin in coming time?

DustyRah

sr. member

Activity: 533

Merit: 251

Quote from: rausvi11 on January 21, 2018, 05:06:21 AM

I think there is calculation what is the real price of bitcoin. Cost of electricity, hardware cost,dificulty....

I think it should be about 20.000 usd in near future

That's part which people are missing out on. It costs money to produce BTC and with rising difficulty, it costs more in newer hardware and so on. Miners are not going to unload at a price cheaper than what it costs to produce and this will result in rising prices over longer time periods.

The rise we saw from 10k to 20k in a short time is totally based on media circus which resulted in millions of newbies tossing in their money along with corporate money. That's all over so the price will rise back over $20k only if there is some major news otherwise it will linger around the 10-15k range for many months at least.

Waccamaw

newbie

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Quote from: jasmine226 on January 17, 2018, 08:54:55 AM

I think Bitcoin Will Consolidate at $ 7,000-8,000. Then Bitcoin price will keep rising past $ 20,000

upping and down is good for Economics and bitcoin done this many times started by 2010.
bitcoin can down to less than 5000$ but price will jumping fast.
by the end of 2018 price will break 20,000$

jomz312

jr. member

Activity: 56

Merit: 2

This is the strategy because many institutional investors are wise to use the futures contract to lower the bitcoin price to stop loss triggers at support levels to push down the price further and further to make it look like a crash.
The investors support the bears and sell to avoid a totally loss.
The wall street investors are strategically pushing down the price in order to re enter at much a lower levels and potentially set bitcoin up for another rocket rise to a very high value.

joinfree

sr. member

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1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL

You seriously need to stop thinking that the price will be as low as that.

For me, it will be stable between $9000 and $13,000 for a while, but $7000? No way, that is not going to happen, not even if there is a massive FUD again.

Forget about that.

Quote from: jasmine226 on January 17, 2018, 08:54:55 AM

I think Bitcoin Will Consolidate at $ 7,000-8,000. Then Bitcoin price will keep rising past $ 20,000

rausvi11

newbie

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I think there is calculation what is the real price of bitcoin. Cost of electricity, hardware cost,dificulty....

I think it should be about 20.000 usd in near future

Ararbermas

sr. member

Activity: 2016

Merit: 283

Quote from: maxamus on January 20, 2018, 03:31:41 PM

I don't think it will drop any further as it has started to recover itself from the recent drop which was one of the worst in last few years and I feel 10k has become like the lowest it can go and I believe bitcoin will cross 20k mark by the month of June or more precisely by third quarter of this year.

yes absolutely it will never drop again since the price started to recovering, perhaps the price will be stable around 12-13k and we will see the price always fluctuating on that value and for sure after this month end or first week of feb it will climb and touch down the all time high value again.

maxamus

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Quote from: aardvark15 on January 20, 2018, 02:03:46 PM

Quote from: jasmine226 on January 17, 2018, 08:54:55 AM

I think Bitcoin Will Consolidate at $ 7,000-8,000. Then Bitcoin price will keep rising past $ 20,000

That’s definitely possible. I could see another drop in price, but we just don’t know. It could just go up from here or the price could just fluctuate for the rest of the year. Long term I think the price will eventually reach new highs.

I don't think it will drop any further as it has started to recover itself from the recent drop which was one of the worst in last few years and I feel 10k has become like the lowest it can go and I believe bitcoin will cross 20k mark by the month of June or more precisely by third quarter of this year.

syberwolfen

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Quote from: aardvark15 on January 20, 2018, 02:03:46 PM

Quote from: jasmine226 on January 17, 2018, 08:54:55 AM

I think Bitcoin Will Consolidate at $ 7,000-8,000. Then Bitcoin price will keep rising past $ 20,000

That’s definitely possible. I could see another drop in price, but we just don’t know. It could just go up from here or the price could just fluctuate for the rest of the year. Long term I think the price will eventually reach new highs.

It sounds more realistic looking at the market situation and considering the facts and figures of last three years what you have mentioned makes sense and I believe in that. Let's hope for the best and hope that no other country prematurely bans bitcoin or any crypto without realizing it's value.

cryptorampage

jr. member

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Merit: 30

I can see a bright future of bitcoin , but market is so volatile right now . I think for a certain period of time Bitcoin will be stable around approximately $13000 and will stay for bit. I don't see any degradation but hopefully it will go much higher as we expected.

pitiflin

hero member

Activity: 980

Merit: 507

What are shitting about? You cannot determine on how the prices will become "consolidated". Markets will. Meaningless threads are created every day now. And the first line contradicts the second to some length ,do you not realize that, you dumb idiot? Learn about crypto before making baseless shit up.

aardvark15

hero member

Activity: 1008

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Quote from: jasmine226 on January 17, 2018, 08:54:55 AM

I think Bitcoin Will Consolidate at $ 7,000-8,000. Then Bitcoin price will keep rising past $ 20,000

That’s definitely possible. I could see another drop in price, but we just don’t know. It could just go up from here or the price could just fluctuate for the rest of the year. Long term I think the price will eventually reach new highs.

eaLiTy

hero member

Activity: 2814

Merit: 911

Have Fun )@@( Stay Safe

Quote from: jasmine226 on January 17, 2018, 08:54:55 AM

I think Bitcoin Will Consolidate at $ 7,000-8,000. Then Bitcoin price will keep rising past $ 20,000

It is hard to figure out the market at the moment,one day you see the market going down and then the market recovering so fast the next day,it looks like the market was manipulated because of the derivative market and expect that to see that every month from now on,as a trader you have to be careful and if the market goes down just jump into it and make a good profit in a short amount of time,because that is how the market is behaving for the moment.

JC btc

sr. member

Activity: 770

Merit: 253

We have seen the biggest risk associated in bitcoin and its being substitution or parallel use by other cryptocurrencies, and since bitcoin is a pioneer it was never been an issue that it will gonna end, in simply, bitcoin will still remain as a grand test of the blockchain technology we would still suffer for fluctuation and eventually will met what value we are always aiming.

Samarkand

sr. member

Activity: 658

Merit: 282

Quote from: kwukduck on January 19, 2018, 10:22:17 AM

...
Bitcoin does not scale.
...

What if I told you that it doesn´t need to scale? If its main
use case is being a store of value people will make maybe a single-digit
number of transactions per year. At these numbers the current
system works well enough.

Bitcoin´s true purpose is not facilitating online payments, credit cards
and e-wallets work just fine for that. Bitcoin´s true purpose is being
sound money with a supply that can´t be inflated. This would finally
allow people to store their earned wealth without having to worry
about confiscation or inflation.

Bonakid

full member

Activity: 224

Merit: 121

Nowadays bitcoin price fall down and I dont think what happen to the community now or in the market that affects the price value to fall,maybe some of them get panic and get out of their money,some of them sell their bitcoins.But as far as I know bitcoin price will move on will increase in the future .We may experience pumps and dumps but we all know that this is the only cryptocurrency that stays stronger and stable than the other.

teilwalL05

hero member

Activity: 980

Merit: 500

Don't be so sure about dropping again because you can be wrong about this information, the market of cryptocurrency is very unpredictable and right now all is green and recovering for now so please stay still and be on a notch because it can be a bullish run again or can make the town of crypto red again if there is a sudden FUD or negative news brought up, I really think we don't have the perfect community because of the panic selling it brought to bitcoin but all we can say is bitcoin will still recover because there are people trusting it.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Quote from: davis196 on January 19, 2018, 02:11:28 AM

Quote from: jasmine226 on January 17, 2018, 08:54:55 AM

I think Bitcoin Will Consolidate at $ 7,000-8,000. Then Bitcoin price will keep rising past $ 20,000

I guess that you are wrong.Check out preev.com.Two days after your predicton,the btc price is 11600 USD.
Anyway,your prediction might be right in the next few months,if the worldwide mass ban happens(the possibility for this to happen is around 1%).I`m mad that i sold a part of my bitcoins for 10300 USD.I thought that i am a stable HODLer,but all the bad news and FUD scared me for a while.Damn. Angry

This is what happens when you let your emotion takes over your decision I ones done this when the price is dropping then all of a sudden it turn green, That is my great mistake and lost 0.01 bitcoin because of that emotion, That is why when bitcoin is on the red zone I would not gonna look an my wallet and let bitcoin do its job and wait patiently for the price to recover, That is the only thing you can do, just put your trust in bitcoin that it will still recover because bitcoin had done something like this in the past.

gilangIDR

legendary

Activity: 1526

Merit: 1001

Quote from: jasmine226 on January 17, 2018, 08:54:55 AM

I think Bitcoin Will Consolidate at $ 7,000-8,000. Then Bitcoin price will keep rising past $ 20,000

The price increase is indeed very high nowadays, we all know that the price increase will always be there any time. Especially when conditions like this that there is an increased use of cryptocurrency is increasing. However, some conditions such as prohibiting the use of bitcoin may affect the situation. But personally I feel confident that bitcoin can reach the target and even exceed it. The year 2018 is still long enough and the opportunity to increase the bitcoin price will be influenced from the various decisions that occur.

stayeduptolate

hero member

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Merit: 502

Quote from: kwukduck on January 19, 2018, 10:22:17 AM

The most important thing people should know is that Bitcoin Core is fundamentally broken and taken over by a commercial club of banksters.

Bitcoin Core is an environmental disaster.
Bitcoin does not scale.
Transactions are extremely expensive.
Transactions take hours or days to confirm.
Bitcoin Core network, 200B USD market cap, can be consistently attacked with roughly 600M USD/day, compare with PoS this would likely be several times the current market cap to attempt even a single attack!
Bitcoin Core is not private.
Bitcoin Core is not fungible.
99% of all coins are owned by a hand full of people.

Maybe it will go up a little more by idiots not understanding technology, after that it will plummet and better crypto will take over.

Bitcoin Core will be forgotten within 5 years.

every people have different views about the future of bitcoin . From my views the future of bitcoin in coming time is very proudable or unbelievable because in coming time the value of bitcoin will increase very much and the demand of the bitcoin towards the people is very high from all other cryptocurrency. In coming time bitcoin will become most popular cryptocurrency in all over the country .

fabiorem

sr. member

Activity: 1400

Merit: 347

8k is already consolidated, OP. It had done so in November.

Now its 10k which needs to consolidate, and since its a psychological barrier, it is taking more time.

Topic: What is the future of Bitcoin in coming time? (Read 338 times)