Will Bitcoin break $2000? because of Trump? - page 3.

BillyBobZorton

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Quote from: HabBear on January 27, 2017, 12:36:44 AM

$20,000 for the DOW today, why not $2,000 for Bitcoin?!

http://finance.yahoo.com/news/dow-track-hit-20-000-140511833.html;_ylt=AwrBT0fC2opYZjAA.XFXNyoA;_ylu=X3oDMTEyNDQ0M3FuBGNvbG8DYmYxBHBvcwM2BHZ0aWQDQjMwMTBfMQRzZWMDc3I-

To truly understand if hitting $2,000 is possible is to understand the fundamentals of economics, supply and demand. Those two forces are best (and most reliable) reasons to explain all Bitcoin price moves. SO we must ask...

Is supply of bitcoin going to increase? Yes, but not at the same rate as it has over the past 8 years (due to the halving and all).

Is demand of bitcoin going to increase? We all hope so! If demand can increase, the price will go with it.

The best question for you to ask is how can you advance interest (therefore demand) in bitcoin within your circle of friends, family, and community?

$2,000 per BTC will come probably when the $20,000 Dow Jones correction happens. This will be a short lived all time high. Sooner or later it's going to crash, and when it does, it will be time for bitcoin to shine.

deisik

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Quote from: bettercrypto on January 27, 2017, 01:16:06 AM

Quote from: HabBear on January 27, 2017, 12:36:44 AM

$20,000 for the DOW today, why not $2,000 for Bitcoin?!

http://finance.yahoo.com/news/dow-track-hit-20-000-140511833.html;_ylt=AwrBT0fC2opYZjAA.XFXNyoA;_ylu=X3oDMTEyNDQ0M3FuBGNvbG8DYmYxBHBvcwM2BHZ0aWQDQjMwMTBfMQRzZWMDc3I-

To truly understand if hitting $2,000 is possible is to understand the fundamentals of economics, supply and demand. Those two forces are best (and most reliable) reasons to explain all Bitcoin price moves. SO we must ask...

Is supply of bitcoin going to increase? Yes, but not at the same rate as it has over the past 8 years (due to the halving and all).

Is demand of bitcoin going to increase? We all hope so! If demand can increase, the price will go with it.

The best question for you to ask is how can you advance interest (therefore demand) in bitcoin within your circle of friends, family, and community?

There is no doubt that bitcoin price will increase eventually but the question is when? As for the supply and demand, it is to be observed when we are analyzing price range during the scope of time. But have we ever think of the factors that will affect this demand? Probably most of us (noob in economy) does not but indeed we need to know this factors. To be able to know the trend of demand will give us an advantage over any stocks price trend

Things are far from being that straightforward, really

Bitcoin is highly prone to manipulation primarily due to its relatively tiny market cap and even more so thanks to the low number of coins being actually traded (in this way, the market cap itself is misleading). It may look as though we have advantage before stocks in that we could determine demand and thus price of Bitcoin, but it won't work. And if we are to rely on these calculations we will only be losing in the market if we are going to trade for real. How come? Because as I said market manipulation would render such and similar assumptions not only useless but it fact utterly detrimental to your trading profitability. There is a rule for this approach, it's called KISS

RealPhotoshoper

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Quote from: Kotone on January 25, 2017, 12:53:43 PM

Quote from: digitokash on January 19, 2017, 09:26:41 PM

Bitcoin has really started this year off wild!
I was reading that it might hit $2000 by end of year, because of Trump’s ‘spending binge’ and dollar rally.

What do you guys think?

i don't think that trump will involed his self with bitcoin first thing is trump already did about the price of us dollars world wide and still continue a good project but if bitcoin will be more that popular maybe trump will see what really bitcoin wait to the near future/

people keep making speculation even before trump officially became US president. a lot of people actually have predicted that the bitcoin price will go triple in 2017.
they say it when the price around $500 and bitcoin price have hit $1,100+ make it double done , next achievement triple and then quadruple $2,000.
especially when trump pick a pro-bitcoin congressman, speculation gone wild lately.

bettercrypto

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Quote from: HabBear on January 27, 2017, 12:36:44 AM

$20,000 for the DOW today, why not $2,000 for Bitcoin?!

http://finance.yahoo.com/news/dow-track-hit-20-000-140511833.html;_ylt=AwrBT0fC2opYZjAA.XFXNyoA;_ylu=X3oDMTEyNDQ0M3FuBGNvbG8DYmYxBHBvcwM2BHZ0aWQDQjMwMTBfMQRzZWMDc3I-

To truly understand if hitting $2,000 is possible is to understand the fundamentals of economics, supply and demand. Those two forces are best (and most reliable) reasons to explain all Bitcoin price moves. SO we must ask...

Is supply of bitcoin going to increase? Yes, but not at the same rate as it has over the past 8 years (due to the halving and all).

Is demand of bitcoin going to increase? We all hope so! If demand can increase, the price will go with it.

The best question for you to ask is how can you advance interest (therefore demand) in bitcoin within your circle of friends, family, and community?

There is no doubt that bitcoin price will increase eventually but the question is when? As for the supply and demand, it is to be observed when we are analyzing price range during the scope of time. But have we ever think of the factors that will affect this demand? Probably most of us (noob in economy) does not but indeed we need to know this factors. To be able to know the trend of demand will give us an advantage over any stocks price trend. And there is no other way that i can primary point that will increase the demand of certain stocks, especially bitcoin is the finance authority stance on bitcoin. One sample, PBOC, if PBOC declares a PRO bitcoin sentiment, then probably price of Bitcoin will not go down and will not trigger panic sell, instead panic buy will take place.
Now even if we convince our friends, family, neighborhood, about bitcoin if the government or finance authority declares otherwise, what do you think their action will be?

I do not think Trump push Bitcoin to $2000. He has his own agenda and I do not think supporting or promoting bitcoin is one of it. Though I wanted to be wrong in my opinion.

HabBear

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$20,000 for the DOW today, why not $2,000 for Bitcoin?!

http://finance.yahoo.com/news/dow-track-hit-20-000-140511833.html;_ylt=AwrBT0fC2opYZjAA.XFXNyoA;_ylu=X3oDMTEyNDQ0M3FuBGNvbG8DYmYxBHBvcwM2BHZ0aWQDQjMwMTBfMQRzZWMDc3I-

To truly understand if hitting $2,000 is possible is to understand the fundamentals of economics, supply and demand. Those two forces are best (and most reliable) reasons to explain all Bitcoin price moves. SO we must ask...

Is supply of bitcoin going to increase? Yes, but not at the same rate as it has over the past 8 years (due to the halving and all).

Is demand of bitcoin going to increase? We all hope so! If demand can increase, the price will go with it.

The best question for you to ask is how can you advance interest (therefore demand) in bitcoin within your circle of friends, family, and community?

traderethereum

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i am not sure if bitcoin will break $2000 because of trump because bitcoin is related with more factor than just trump as president of united states. but trump could be a trigger for bitcoin to get increase if trump make approval for bitcoin to legal commodity so people in the united states will use bitcoin too and many of them will use bitcoin.

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Quote from: aardvark15 on January 26, 2017, 11:00:55 PM

I think Bitcoin will continue to increase in price because it will gain more acceptance. I don't think Trump's policies will have much of an affect unless he imposes restrictions.

It would really continue to rise no matter what since we all know that bitcoins price do really increase and as you said because of acceptance or the adoption.I didnt still think for bitcoin to reach this amount of $2k on this year maybe on next years to come but who knows since bitcoin do really have surprises.

aardvark15

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I think Bitcoin will continue to increase in price because it will gain more acceptance. I don't think Trump's policies will have much of an affect unless he imposes restrictions.

uki

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Quote from: mtwelve on January 24, 2017, 04:26:06 PM

Quote from: Redrose on January 24, 2017, 03:07:47 PM

No, for me this is clear, Bitcoin will not break 2000$ this year. And in the very low probability scenario where it pass with a little margin the 2000$ cap, that will absolutely not be because of Trump. He is just a man, with not that much power. What do you frankly want him to do miraculously ?

I mean it might break, just don't think it'll be because of trump. I think if a Bitcoin ETF finally gets on the NYSE or if Kim and MEGA really come through, then perhaps we might see $2000. Trump has plenty of power now, since he has been inaugurated forever, don't know where you got that from LOL

I also don't think we get any close to $2k. Not this year.
Neither because of Trump, nor because of any of the reasons named in the post above. These were news to wait for last year, this year, and probably next year. And any of these won't, most probably, have such an impact as many here wish to.
Having said all that, I don't exclude a nice pump. We had two nice pumps in 2016, why not having another one this year?
though we won't get to $2k. That is too far away at the moment.

Kotone

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Quote from: digitokash on January 19, 2017, 09:26:41 PM

Bitcoin has really started this year off wild!
I was reading that it might hit $2000 by end of year, because of Trump’s ‘spending binge’ and dollar rally.

What do you guys think?

i don't think that trump will involed his self with bitcoin first thing is trump already did about the price of us dollars world wide and still continue a good project but if bitcoin will be more that popular maybe trump will see what really bitcoin wait to the near future/

Redrose

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Quote from: mtwelve on January 24, 2017, 04:26:06 PM

Quote from: Redrose on January 24, 2017, 03:07:47 PM

No, for me this is clear, Bitcoin will not break 2000$ this year. And in the very low probability scenario where it pass with a little margin the 2000$ cap, that will absolutely not be because of Trump. He is just a man, with not that much power. What do you frankly want him to do miraculously ?

I mean it might break, just don't think it'll be because of trump. I think if a Bitcoin ETF finally gets on the NYSE or if Kim and MEGA really come through, then perhaps we might see $2000. Trump has plenty of power now, since he has been inaugurated forever, don't know where you got that from LOL

He has some power, as the United States president, as he can send the army to some place (and only if the Congress agrees) and sign decreats, but he can not influence the price. Even if it was officially recognised as a legal tender, the maximum he can do, this will not affect Bitcoin's price that much !

Deltaaah

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Trump is expected to make so many changes that will have an effect on the US economy. As an after-effect, the dollar will have to be affected by these changes and also transfer the same effects to the other currencies (bitcoin included). No one knows whether the changes will have a positive effect or e negative effect. What i can say is that anything is possible. You might be surprised to wake up one morning and realize that bitcoin is trading at over 2000 usd

mundang

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Quote from: digitokash on January 19, 2017, 09:26:41 PM

Bitcoin has really started this year off wild!
I was reading that it might hit $2000 by end of year, because of Trump’s ‘spending binge’ and dollar rally.

What do you guys think?

It might break the 2000$ this year and im already waiting for it to happen. Trump is a business man he can do whatever he wants. The price of bitcoin will depend on trumps move.

dhampir-D

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Quote from: justdimin on January 23, 2017, 02:14:20 PM

Quote from: mtwelve on January 23, 2017, 01:29:50 PM

Quote from: Wolf Rainer on January 22, 2017, 05:20:20 PM

I can´t really see bitcoin breaking the $2000 barrier, not in the short term. First theres some things we have to solve, like the blocks sizes and time per block.

We're struggling with trying to break the $1000 barrier, let alone trying to get above $900. I think we saw a rise to $940 a couple days ago but promptly went back to $900. Especially with the PBOC now cracking down on the Chinese exchanges, I think it'll take some serious news for the price to break barries now.

I guess there would be no significant impacts from China as they got regulated heavily.
Right now bitcoin is getting appreciations with its real potential because prices are seeming so stable and moving up the very slowly. The rising demand from all over the world and Trump's new policy of "power back to people" may bring bitcoin above $2000 levels also.

The current price is result of a number of political, economic and social aspects. So probably the Trump government will have some effect on Bitcoin, but I'm not sure what level of impact this can bring to it. I think that the ecosystem has not expanded enough to receive influence from certain political events... However, it is important to study them, as they're key elements in making more accurate predictions.

manselr

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Quote from: iqlimasyadiqa on January 25, 2017, 06:50:55 AM

Quote from: traderethereum on January 24, 2017, 06:59:30 PM

i think it is not just because of trump bitcoin will break more than $2000, because there is many factor that we can see that giving big affect for bitcoin price as we can see before that in economic sector will give impact for bitcoin price.

I a gree with you . it was too strange to mention that trump is the main factor determining the price of bitcoin.
bitcoin certainly influenced by many other factors that are much greater. many possibilities that could happen.

Trump will give us great moments during the next 4 years. His policies will be very controversial. They may be good for the americans, but the rest of the world will not be happy with it, and even if america is the 1st world power, they are not living in isolation, we are all on the same planet and the entire system is collapsing.

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Quote from: traderethereum on January 24, 2017, 06:59:30 PM

i think it is not just because of trump bitcoin will break more than $2000, because there is many factor that we can see that giving big affect for bitcoin price as we can see before that in economic sector will give impact for bitcoin price.

I a gree with you . it was too strange to mention that trump is the main factor determining the price of bitcoin.
bitcoin certainly influenced by many other factors that are much greater. many possibilities that could happen.

deisik

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Quote from: Tanic on January 24, 2017, 06:45:11 PM

Quote from: Febo on January 24, 2017, 12:58:05 PM

Quote from: gilangIDR on January 24, 2017, 10:31:48 AM

Quote from: CyberCombat on January 24, 2017, 05:09:56 AM

I think Trump is the effect, the dollar is almost at the bottom levels, the rise of the dollar can pull the price of bitcoin to 930 levels

I agree with you. basically we can not fool ourselves that trump bring various effects that exist in the world today. one of which is the price movement bitcoin. The world market is still waiting for the various decisions to be made by the trump.

He took some decisions yesterday and surprisingly things he was telling in his campaign he will do. I did not believe he is a man of his words. It will be funny year and years to come if he will stick to his pre elections program.

I have a rule to not believe to any campaign words of candidates in presidents. Cause of it's obviously just words that people wish to hear. The price for bitcoin didn't even move from Trump's enaguration so what we can expect about him and the price of 2000$? Nothing. Just one more prove that he has nothing with bitcoin

Did he say anything new in his inauguration speech?

I guess he said nothing beside what he had already said at various stages of his presidential campaign. Markets seem to have absorbed Trump, so to speak, and unless he says something extraordinary even for his own standards, they won't react dramatically. Does it mean they they won't react at all? Nothing of the kind. Further on they will react to actual changes made according to his financial and economic policies, but the effects may take some time to emerge and develop. Don't be too impatient

dihari

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Quote from: digitokash on January 19, 2017, 09:26:41 PM

Bitcoin has really started this year off wild!
I was reading that it might hit $2000 by end of year, because of Trump’s ‘spending binge’ and dollar rally.

What do you guys think?

I don't think Trump is the reason for a good bitcoin prices moves. It's all about the market. Yes the government economic will give affect for bitcoin market, but Trump is doesn't care about this. All he needs is the wall and card identity for the minorities.

novemberwoah

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Quote from: traderethereum on January 24, 2017, 06:59:30 PM

i think it is not just because of trump bitcoin will break more than $2000, because there is many factor that we can see that giving big affect for bitcoin price as we can see before that in economic sector will give impact for bitcoin price.

Yes indeed you are right, not just Trump will make bitcoin prices jumped to $ 2,000 later, because there must be many factors that affect it such as the adoption and others. But Trump will also affect the price of bitcoin, seeing he is the president in the greatest country and highly influential in the world. That will help the bitcoin prices jumped to $ 2,000, but it takes time and gradually.

traderethereum

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i think it is not just because of trump bitcoin will break more than $2000, because there is many factor that we can see that giving big affect for bitcoin price as we can see before that in economic sector will give impact for bitcoin price.

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