will bitcoin reach the $4000 mark this year ? - page 7.

silverduck

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Quote from: YuginKadoya on May 15, 2017, 06:30:01 AM

Quote from: Tasneem530 on May 13, 2017, 11:46:57 AM

Bitcoin price seems to be surging , investors seem to think that the price will surge to $4000 , In the US there seems to be negativity towards bitcoin on the securities and Exchange commission , what would create this surge ?

We should first focus if bitcoin would really can go beyond the $2000 mark value, because right even if we had seen that the price surge up to $1800 value it went down pretty fast to $1600, but it stop to the $1700 right now, the price is very unpredictable right now and I think we should focus on the reality basis of speculating the real price that bitcoin might pursue.

Yes and $4000 is simply not possible to achieve in this year as its very high and also an unrealistic value to think of in this quick time so our first target should be to touch the price of $2000 which seems to possible in the end of the year.

YuginKadoya

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Quote from: Tasneem530 on May 13, 2017, 11:46:57 AM

Bitcoin price seems to be surging , investors seem to think that the price will surge to $4000 , In the US there seems to be negativity towards bitcoin on the securities and Exchange commission , what would create this surge ?

We should first focus if bitcoin would really can go beyond the $2000 mark value, because right even if we had seen that the price surge up to $1800 value it went down pretty fast to $1600, but it stop to the $1700 right now, the price is very unpredictable right now and I think we should focus on the reality basis of speculating the real price that bitcoin might pursue.

mnporter2001

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Quote from: MMysterious on May 15, 2017, 04:46:13 AM

Bitcoin as of the present is very unpredictable. We can't tell for sure if it'll reach that high but one thing is for sure it will reach that mark in the near future.

That's true everyone knows that bitcoin will achieve that price in future but no one knows when exactly it will happen and as of now it seems to be difficult to achieve that price in this year and most of the users will be satisfied even if it crosses the price of $2k by the end of the year.

btcdevil

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Quote from: mamaya on May 15, 2017, 04:16:26 AM

4k$ is possible this year if bitcoin continues on a parabolic rise, but would it be healthy for it to go up so fast? I don't think so, sustained gains over a longer period of time in line with usage is much better.

So to answer your question it is quite likely it will reach 4k$ but it wouldn't be a healthy rise if it does.

What you are saying is correct but the recent rise is due to the news of japan accepting bitcoin as currency and same time Australia have announced that from 1 July they are going to legalize bitcoin and all taxes will get cleared and bitcoin traders will be exempted from all taxes. So i think this rise is healthy and if this two country progress good in bitcoin then automatically we can see lot more other country also start to support bitcoin then $4000 price in this year will be possible and it will be healthy one. not like pump and dump system

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Quote from: Tasneem530 on May 13, 2017, 11:46:57 AM

Bitcoin price seems to be surging , investors seem to think that the price will surge to $4000 , In the US there seems to be negativity towards bitcoin on the securities and Exchange commission , what would create this surge ?

No, max 2400$.

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Bitcoin as of the present is very unpredictable. We can't tell for sure if it'll reach that high but one thing is for sure it will reach that mark in the near future.

mamaya

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4k$ is possible this year if bitcoin continues on a parabolic rise, but would it be healthy for it to go up so fast? I don't think so, sustained gains over a longer period of time in line with usage is much better.

So to answer your question it is quite likely it will reach 4k$ but it wouldn't be a healthy rise if it does.

vs2014

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Quote from: mobnepal on May 15, 2017, 02:28:16 AM

Price will surge over time because demand for bitcoin is growing everyday while total supply is limited. Bitcoin is being used for both legal and illegal things and this will increase demand, recent massive ransomeware attack is one example that have created some buy pressure on bitcoin.

However i don't think price will reach anywhere near $4000 within this year but within next few years price will be way over $4000.

That's right $4k seems to be difficult to achieve in this year as we have not crossed the price of $2k yet so I think we need to wait bit longer to see that high price of bitcoins and most probably we can expect the price of $2k by the end of the year and nothing more then that.

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Quote from: Tasneem530 on May 13, 2017, 11:46:57 AM

Bitcoin price seems to be surging , investors seem to think that the price will surge to $4000 , In the US there seems to be negativity towards bitcoin on the securities and Exchange commission , what would create this surge ?

I think that it is always a good idea to keep out of the hype and right now I'd have to say that it is resembling a bubble at this point. But it might not burst yet, it could well go to $4,000 at which point it will certainly be a absolutely humungous bubble, and the burst.

I don't think it's likely though, to be honest.

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Price will surge over time because demand for bitcoin is growing everyday while total supply is limited. Bitcoin is being used for both legal and illegal things and this will increase demand, recent massive ransomeware attack is one example that have created some buy pressure on bitcoin.

However i don't think price will reach anywhere near $4000 within this year but within next few years price will be way over $4000.

jakelyson

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It is not impossible to be reached but not this year. Then there is the problem of scaling that can hinder very much bitcoin's progress. If we reach that and scaling issue is not resolved, there will be too many complains about fees and confirmation time again.

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I guess it's too far, but the probability of bitcoin prices will almost mark $ 3000, I hope it happens. But I guess the $ 4000 price is still too far for now, maybe the safe limit for this year is $ 2500 for 1 bitcoin.

Amph

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considering all the traction bitcoin is gettign and all the recent regulation and adoption, i'm confident that another pump will happen, and above $2k is more than possible, but $4k at thi s slow rate would require too many months for this years

i can't see this happen unless a huge spike will occur, which is not good and would mean a dump and return to the previous value in a short time

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Quote from: pacifista on May 14, 2017, 10:11:11 PM

Well see if the ETF will gonna approve this time then theres a big chance that bitcoin price will reached the 4000$ before the end of this year, im sure a lot holders are so happy if that happens.

Today, we have not reached the $ 2,000 mark, and therefore it's too early to raise big prices for Bitcoin, but even if you look at the statistics, the price for Bitcoin is very stable and shows good results

freebutcaged

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That is too much of a price to be honest for us to expect Bitcoin to reach, it can't magically increase without any economical incentive for the market to accept such prices, why would I as an investor buy in with prices like that while if I were to start mining even with the risks involved I could've obtained many more than what I could buy at those high prices.

I will throw a party in my house if we just hit $2800 this year and $3800 the next as I am currently accumulating $20 bucks here and $35 bucks there and waiting for dips to $1400-$1500 to buy back 3BTC.

pacifista

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Well see if the ETF will gonna approve this time then theres a big chance that bitcoin price will reached the 4000$ before the end of this year, im sure a lot holders are so happy if that happens.

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Quote from: naazimk on May 13, 2017, 11:49:11 AM

very unpredictable at this point

+1 even though japan has legalised the bitcoin, the spread of the ransomware is affecting bitcoin as well. based on the rise and the history of drop after the soaring, i guess bitcoin would have to drop at least $200 from $1800 before it rises again.

btcney

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Quote from: Tasneem530 on May 13, 2017, 11:46:57 AM

Bitcoin price seems to be surging , investors seem to think that the price will surge to $4000 , In the US there seems to be negativity towards bitcoin on the securities and Exchange commission , what would create this surge ?

honestly i think that bitcoin may reach at most right around $3000.00 this year in value before new years day comes.
stranger things have happened but btc going that high by the end of this year will require alot of positive factors to be put in play and would also require a lot of negative factors to never occur and a lot of present challenges for bitcoin to be solved within the next two months which i don't see happening. i think the ideal situation for btc value to reach 4k USD this year would be like 2 large counties mainstreaming btc use.

hase0278

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I don't think that bitcoin will reach 4000$ mark this year but there is still a chance that it might but it is too early to say for sure that it will reach 4000$ mark. I think it would be achievable next halving because right now, bitcoin is stable at 1700-1800$ price ranges and a possibility of dump is open anytime. For now all we can do is either wait or hold, sell and rebuy at dump if there will be, and watch. Cool

DrGuns4Hands

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No one can predict such speculation of yours. It can reach $4000 this year but it's possible to decrease in just a snap at $1000. So, if there are many investors or people are joining into bitcoin world/cryptocurrency world, maybe we can see that in few days. Bitcoin is suddenly increase. It's accelerating. If the price might high? The in future will be increase.

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