Will Bitcoin reach $10,000 before the end of the year? - page 3.

thecodebear

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Quote from: CodyAlfaridzi on October 31, 2017, 09:34:45 AM

I don't think so. We're just 2 months away from the end of the year. Going to $10,000 basically means doubling the current price. Not this year, but very likely in 2018. Would be a great new year gift if it really happens, but I'm afraid it'll not sustain and crash immediately after. I would be happier if Bitcoin stabilizes on $5K-$6K for some months before another major bull run. Gotta get myself some more before it happens.

Quote from: RejectedBanana on October 31, 2017, 08:39:13 AM

Bitcoin is no stranger to doubling quickly.

The floor-to-floor doubling from $1280 to $2560 took 13 weeks.

From $2560 to $5120 took only 11 weeks (assuming $5120 holds).

At this rate, we are are on track for a $10,000 New Year's.

The last 11 Bitcoin doublings, from $2.50 to $5,120:

LOL this picture makes me realize Bitcoin looks like in a bubble. Forever bubble perhaps? Tongue

The price right now is around $6400. Thats not even close to doubling to get to $10k, just to be clear. $10k from this price is only a 56% gain. That seems a lot more doable than a 100% gain in two months doesn't it!

I was thinking we'd hit $10k in April, but honestly now I could see it happening in January! So I think it is possible it could hit $10k in late December, though I think more likely it'll fall a little short of this and we'll get $10k in very early 2018. This all of course relies on the hard fork not seriously screwing with things.

jackhdt

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Quote from: RelBunny on October 31, 2017, 09:48:59 AM

Quote from: jackhdt on October 31, 2017, 09:20:07 AM

although I guess Bitcoin price will be higher than at present but I do not think Bitcoin reach $ 10,000 this year. increase $ 4000 within 2 months is hard thing to happen

Don't look at it in absolute values (well, not just you, there are many others looking at it the same way).

They way I like to see it, is that 1 USD is currently worth 0.00016667 BTC.
A month ago, 1 USD was roughly 0.00025 BTC.

So USD lost 0.00008333 BTC in the last month.

Now, in order for 1 BTC to reach 10000 USD, 1 USD would have to be 0.0001 BTC. So USD would have to lose only 0.00006667 BTC of value, which means it would have to lose less value than in the last month.

The point is, absolute value difference of 4000$ does not really mean a lot. As I already said previously, I also don't think it BTC will reach 10000$ this year, but it wouldn't really require a lot to reach it.

nobody convert dollars at BTC. USD's value fixed figure. We determine the value of a BTC =? $ Because the USD is fixed price, so we know that the price should go up or down

MiladMax

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For sure bitcoin has the potential to break $10k this year.

RelBunny

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Quote from: jackhdt on October 31, 2017, 09:20:07 AM

although I guess Bitcoin price will be higher than at present but I do not think Bitcoin reach $ 10,000 this year. increase $ 4000 within 2 months is hard thing to happen

Don't look at it in absolute values (well, not just you, there are many others looking at it the same way).

They way I like to see it, is that 1 USD is currently worth 0.00016667 BTC.
A month ago, 1 USD was roughly 0.00025 BTC.

So USD lost 0.00008333 BTC in the last month.

Now, in order for 1 BTC to reach 10000 USD, 1 USD would have to be 0.0001 BTC. So USD would have to lose only 0.00006667 BTC of value, which means it would have to lose less value than in the last month.

The point is, absolute value difference of 4000$ does not really mean a lot. As I already said previously, I also don't think it BTC will reach 10000$ this year, but it wouldn't really require a lot to reach it.

sindikat

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Quote from: tobs on October 31, 2017, 09:33:43 AM

I think it will happen, however I wish it wouldn't. Bitcoin price seems to be raising too rapidly and there is no correlation with any actual developments, usage and new people interested in cryptocurrency world. There are no important events, yet people buy bitcoins purely for the future profits. It looks too dangerous in my opinion and we should be more patient, so that the growth is healthy and not only speculatively pumped.

It seems to me that $ 10,000 is too high a price to achieve it this year. Besides do not forget that in November we are waiting for another fork. Today no one knows how it will affect the price of bitcoin. Maybe in December we will rejoice in the fact that the price is held in position $ 5,000. Usually after a surge in always fall.

iqlimasyadiqa

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Quote from: davey76 on October 31, 2017, 07:18:22 AM

Right now the Bitcoin is above $6,000

$6,220 according to https://www.worldcoinindex.com/
and $6,230 according to http://www.livecoinstats.com/

Will the coin reach $10,000 before the end of the year?
Would be a nice Christmasgift

What do you think?

I am very optimistic that the price of Bitcoin can increase and much better than today. Realistically I prefer the price range of about 7000 $ to 8000 $ that can be achieved by Bitcoin Until the end of this year. see its development so everyone will believe that Bitcoin will at least be able to increase from 1000 $ to the end of this year. I see at this moment there is no negative sentiment that could disrupt the price movement Bitcoin, so all of this in my opinion will run quite smoothly and we will all feel the benefits of rising prices Bitcoin.

CodyAlfaridzi

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I don't think so. We're just 2 months away from the end of the year. Going to $10,000 basically means doubling the current price. Not this year, but very likely in 2018. Would be a great new year gift if it really happens, but I'm afraid it'll not sustain and crash immediately after. I would be happier if Bitcoin stabilizes on $5K-$6K for some months before another major bull run. Gotta get myself some more before it happens.

Quote from: RejectedBanana on October 31, 2017, 08:39:13 AM

Bitcoin is no stranger to doubling quickly.

The floor-to-floor doubling from $1280 to $2560 took 13 weeks.

From $2560 to $5120 took only 11 weeks (assuming $5120 holds).

At this rate, we are are on track for a $10,000 New Year's.

The last 11 Bitcoin doublings, from $2.50 to $5,120:

LOL this picture makes me realize Bitcoin looks like in a bubble. Forever bubble perhaps? Tongue

tobs

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I think it will happen, however I wish it wouldn't. Bitcoin price seems to be raising too rapidly and there is no correlation with any actual developments, usage and new people interested in cryptocurrency world. There are no important events, yet people buy bitcoins purely for the future profits. It looks too dangerous in my opinion and we should be more patient, so that the growth is healthy and not only speculatively pumped.

jackhdt

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although I guess Bitcoin price will be higher than at present but I do not think Bitcoin reach $ 10,000 this year. increase $ 4000 within 2 months is hard thing to happen

batang_bitcoin

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2 months in time? From January to February the price of bitcoin increased with a summary of +$5,200 and it took 10 months for that increase and you do the Math for it. I want ti believe that its possible but seeing it today I guess that will be seen somehow on 2018 and not for this year.

gentlemand

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Quote from: bifle on October 31, 2017, 08:45:17 AM

The more bitcoin grows, the more I think we should reach a limit soon...

There is no limit. Even if it reached every human being on the planet there wouldn't be a limit. Its ultimate job is to deflate which means eternal gains versus regular currencies.

deadsilent

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No one can tell what exactly will happen to Bitcoin's price at the end of this year. Bitcoin continues to dominate the market. And by the way it moves. The chance is pretty small. But again, this is cryptocurrency. This is more on speculation. But in my own opinion. Bitcoin is more likely to hit atleast $8000 at the end of this year. $10000 i think is too much. Im just lowering my expectations. But i still believed that Bitcoin could hit that price in the future.

bifle

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The more bitcoin grows, the more I think we should reach a limit soon...

I never understand why the price increase so much, but everytime I expect a top, there is more later... So I changed my mind and now, I think it could reach so high level....

10 000$ before the end of the year ? yes for sure. If segwit2X drama is resolved quickly, we could see price skyrocketing

RejectedBanana

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I am a banana.

Bitcoin is no stranger to doubling quickly.

The floor-to-floor doubling from $1280 to $2560 took 13 weeks.

From $2560 to $5120 took only 11 weeks (assuming $5120 holds).

At this rate, we are are on track for a $10,000 New Year's.

The last 11 Bitcoin doublings, from $2.50 to $5,120:

makishart

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Quote from: davey76 on October 31, 2017, 07:18:22 AM

Right now the Bitcoin is above $6,000

$6,220 according to https://www.worldcoinindex.com/
and $6,230 according to http://www.livecoinstats.com/

Will the coin reach $10,000 before the end of the year?
Would be a nice Christmasgift

What do you think?

I don't think so because that means the price of bitcoin almost doubled or i can say about to increase around 60% again. But if there will more adoption and that becomes real to the price of bitcoin wroth $10k in the future. You can see if the latest jump caused by a rumour and remember if that was only a rumour that related to the china market.
What will be happening if that was become true and another very bullish will come.

Thanasis

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★777Coin.com★ Fun BTC Casino

I don't think so it will happen in this year,because its a big target to reach in two months,but who knows anything can happen in bitcoin world.Bitcoin value keeps increasing for the last two months from that we can understand that the demand for bitcoin increases if it continues the bitcoin price will climb up soon.

dinoloverpete

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I think that 10k before the end of the year, although possible is highly unlikely, it seems like too far to go in 2 months even if the fork is highly successful. Perhaps 7-8k but I do not think 10k.

CyberKuro

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Possibly not in the end of the year, but bitcoin may reach $10,000 in the mid of 2018.
From $6200 to $10K within 2 months, we need more than China and US government legalized bitcoin payment, LoL.
Normally, bitcoin may reach $7000 as the highest price by the end of the year, if trading volume keep on track without any bad news or price correction anymore.

Wexnident

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Quote from: davey76 on October 31, 2017, 07:18:22 AM

Right now the Bitcoin is above $6,000

$6,220 according to https://www.worldcoinindex.com/
and $6,230 according to http://www.livecoinstats.com/

Will the coin reach $10,000 before the end of the year?
Would be a nice Christmasgift

What do you think?

I think it is not possible, knowing that there are only two months remaining before this year end and I think even if the hardfork will be successful, it won't be enough for its value to increase at that big. Bitcoin is now priced at 6000+ that you've mentioned, and to think that it need to increase 4000$ appears to be quite not possible. Maybe early 2018 it will be able to reach that amount.

RelBunny

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Quote from: davey76 on October 31, 2017, 07:18:22 AM

Right now the Bitcoin is above $6,000

$6,220 according to https://www.worldcoinindex.com/
and $6,230 according to http://www.livecoinstats.com/

Will the coin reach $10,000 before the end of the year?
Would be a nice Christmasgift

What do you think?

We'll see, especially after the fork drama.

I definitely wouldn't rule it out, although I'd say a much more realistic prediction would be quite a bit lower. 10k would mean over 50% increase in two months... While this isn't something that BTC has not already done in the past, nor would it surprise me, my pick would be somewhere halfway to 10k from this point, if all goes well.

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