coinyard
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Activity: 266
Merit: 250
★YoBit.Net★ 350+ Coins Exchange & Dice
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June 12, 2016, 06:42:17 AM |
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Bit pump has not started. But I believe the price will rise slowly to $500 around the halving time.
The big pump has started. The price is $515 in a few exchanges. That is more than 10% higher than a week ago. still not big pump small pump maybe, but it's still small Small pump is good for the long term stable price. The big pump in 2013 caused three years of bear market. steady increase is better than any pump, bitcoin is increasing slowly, this is good that's not how adoption works. Slow growth is not sustainable, nor is it desirable. Facebook didn't need 50 years to grow from 1 million users to 4 billion users. Bitcoin won't need to either. If it goes too slow, bitcoin will die. And as the amount of users increases exponentially, the price needs to increase exponentially as well. Sure, it will be volatile, but that doesn't matter, that's just the way it is. And once we reach saturation, only then we can be stable. This is just not the time for stability. You can already see now that the value of Bitcoin is becoming higher so that is really nice, but of course you dont even know what will happen later in the future. And that is the problem but people with Bitcoin already are now holding it until they can sell it with a lot of profit. I would like to hold the bitcoin for a few more months at least. If the price rise to $2000 in 6 months, I will sell. |
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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RoseMann
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June 13, 2016, 08:43:25 AM |
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Bit pump has not started. But I believe the price will rise slowly to $500 around the halving time.
The big pump has started. The price is $515 in a few exchanges. That is more than 10% higher than a week ago. still not big pump small pump maybe, but it's still small Small pump is good for the long term stable price. The big pump in 2013 caused three years of bear market. steady increase is better than any pump, bitcoin is increasing slowly, this is good that's not how adoption works. Slow growth is not sustainable, nor is it desirable. Facebook didn't need 50 years to grow from 1 million users to 4 billion users. Bitcoin won't need to either. If it goes too slow, bitcoin will die. And as the amount of users increases exponentially, the price needs to increase exponentially as well. Sure, it will be volatile, but that doesn't matter, that's just the way it is. And once we reach saturation, only then we can be stable. This is just not the time for stability. You can already see now that the value of Bitcoin is becoming higher so that is really nice, but of course you dont even know what will happen later in the future. And that is the problem but people with Bitcoin already are now holding it until they can sell it with a lot of profit. I would like to hold the bitcoin for a few more months at least. If the price rise to $2000 in 6 months, I will sell. $2000 is just 3 times of present value. It might be not overvalued. When the price is $10,000, it is time to sell. |
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Mulzatas
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July 31, 2016, 08:32:40 AM |
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$2000 is just 3 times of present value. It might be not overvalued. When the price is $10,000, it is time to sell.
When it is in 2017, $2000 is not overvalued. When in 2020, $10000 is the reasonable price for that year. |
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ASHLIUSZ
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July 31, 2016, 01:08:54 PM |
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$2000 is just 3 times of present value. It might be not overvalued. When the price is $10,000, it is time to sell.
When it is in 2017, $2000 is not overvalued. When in 2020, $10000 is the reasonable price for that year. This can really be a nightmare, the current price is $640. Within 4 years it is too hard to touch the price $10k. If 2017 hits $1000 then by 2020 the maximum price of bitcoin can be $3000. |
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BitHodler
Legendary
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Activity: 1526
Merit: 1179
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July 31, 2016, 02:42:02 PM |
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$2000 is just 3 times of present value. It might be not overvalued. When the price is $10,000, it is time to sell.
When it is in 2017, $2000 is not overvalued. When in 2020, $10000 is the reasonable price for that year. This can really be a nightmare, the current price is $640. Within 4 years it is too hard to touch the price $10k. If 2017 hits $1000 then by 2020 the maximum price of bitcoin can be $3000. Why a nightmare? No one in his right mind expects the price to go up all the way to $10,000 in a matter of 4 years. It's not only unrealistic, but also beyond insane to be honest. The most we can realistically expect by 2020 is the price to reach $2000 at most. And even that is quite uncertain. |
BSV is not the real Bcash. Bcash is the real Bcash.
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Efemen
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August 01, 2016, 11:15:06 AM |
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$2000 is just 3 times of present value. It might be not overvalued. When the price is $10,000, it is time to sell.
When it is in 2017, $2000 is not overvalued. When in 2020, $10000 is the reasonable price for that year. This can really be a nightmare, the current price is $640. Within 4 years it is too hard to touch the price $10k. If 2017 hits $1000 then by 2020 the maximum price of bitcoin can be $3000. Why a nightmare? No one in his right mind expects the price to go up all the way to $10,000 in a matter of 4 years. It's not only unrealistic, but also beyond insane to be honest. The most we can realistically expect by 2020 is the price to reach $2000 at most. And even that is quite uncertain. How many times did the bitcoin price go up? The bitcoin price went up 100 times in the last four years. |
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trickshot22
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August 01, 2016, 11:44:37 AM |
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Bit pump has not started. But I believe the price will rise slowly to $500 around the halving time.
The big pump has started. The price is $515 in a few exchanges. That is more than 10% higher than a week ago. still not big pump small pump maybe, but it's still small Small pump is good for the long term stable price. The big pump in 2013 caused three years of bear market. steady increase is better than any pump, bitcoin is increasing slowly, this is good that's not how adoption works. Slow growth is not sustainable, nor is it desirable. Facebook didn't need 50 years to grow from 1 million users to 4 billion users. Bitcoin won't need to either. If it goes too slow, bitcoin will die. And as the amount of users increases exponentially, the price needs to increase exponentially as well. Sure, it will be volatile, but that doesn't matter, that's just the way it is. And once we reach saturation, only then we can be stable. This is just not the time for stability. You can already see now that the value of Bitcoin is becoming higher so that is really nice, but of course you dont even know what will happen later in the future. And that is the problem but people with Bitcoin already are now holding it until they can sell it with a lot of profit. I would like to hold the bitcoin for a few more months at least. If the price rise to $2000 in 6 months, I will sell. though i dont think it is a possible thing to achieve, i would be thinking more about something like 1000 dollars but definitely not the big price you mentioned |
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universe_
Sr. Member
Offline
Activity: 448
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
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August 01, 2016, 11:59:49 AM |
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$2000 is just 3 times of present value. It might be not overvalued. When the price is $10,000, it is time to sell.
When it is in 2017, $2000 is not overvalued. When in 2020, $10000 is the reasonable price for that year. yeah, these prices are the ones that we should see soon, i hope that your predictions are correct because in this way i would manage to make a lot of money out of it |
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angaper
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August 14, 2016, 11:30:33 PM |
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This is an old thread. I don't know why people insist in answering a question that has lost validity because of the great variation in the current bitcoin conditions and value. But this is just a natural consequence of newbies looking for increase their post count.
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