I think it will reach again back to the days when bitcoin price was 200$.
Current price is dropping fast: $275
It won't reach $200 but will stop at $250 for 2-3 weeks. It's not crashing but don't know what's the reason of this drastic fall. I dint find a single website which explains the reason why bitcoin prices rise and fall.
Well i am curious too what is that that makes bitcoin price rise and fall. I just speculated that so it can happen maybe
Bitcoin market cap is small enough that whales can easily swing the prices up and down like yo-yo. They just need good excuses like Greece and China. They play on your fears and reap profit. Don't believe anyone who say that natural market forces are at work. If the natural market forces are responsible for the natural waves in bitcoin prices, how do you account for the past 18-months slide in spite of many good news and mainstream adoption? Whales love shorting bitcoins. It's a natural fit for them. For you, the small shrimps, you're nothing but food for them.
Of course whales can play with the price because the marketcap is tiny, the point is, if you aren't buying BTC this cheap you are insane in the membrane, insane in the brain. If you are here for the long term, then who fucking cares if you buy at 50, 100 or 300. If you are here for 10+ years as you should if you aren't a huge idiot, you'll see your massive gains and your hard work paying off at the end. Only a clueless moron that doesn't understand what Bitcoin means to the world would argue otherwise
Uh 10+ years without trading and just holding would be ridiculously stupid, take a look when the bitcoin price was 1200, you would be stupid not to sell then and it went from 1200 to 200 in basically a year, who knows what would happen in 10 years. Bitcoin is not even sustained by anything to ensure it will still be alive after such long time
it's very easy to talk after the thing happened, but you would have really sold, at that peak(1200)? i doubt it, many would have thought that the price was still rising above that amount, only internal manipulators would have sold there because they know about the top
Only if a billionaire invest so much money in bitcoin maybe he can change the price of it up to 1200$ as you say, but i really doubt it.
It is unreachable for me at least for this year.
Even if you are a billionaire you would still have to invest a lot of time to be able to make the price up to 1200$, probably not possible at the moment.
As for amph question, no i wouldnt sell and i didnt sell when it was at 1200 but i did sell some coins when it went down to 1000~ because it went down fast and everyone knew it would explode sooner or later.
Actually, I think it is the other way.
The faster you pump it, the higher it will go.
If you spread it over time, you will only increase
it by the same factor as the market cap. Putting
a billion into a 3 billion market cap very slowly,
will increase the price by 33%. But if you make
a ton of buy orders TODAY, the price will skyrocket.