Bitcoin Forum

If we look in Bitcoin price this year, then we can see that currently it is quite high, almost 1700 USD now - http://preev.com/, so it will go to 1800 - 1900 USD this summer and then go down later this year.

What made you think it would go down later this year? Sure it is quite high and we can all see that and no one knows the factor that may cause the decrease or extreme spike in increase tomorrow or next. Nevertheless, you sounded so certain with your predictions and I think we will love to know why we should consider your speculations.

Wow!Super analysis you've done here!  :D
You as everybody else here can not predict what's going to happen. Furthermore we already reached the 1900 range a few days ago on a few exchanges. Maybe we will try to reach it again and make a breakthrough for some short while who knows.
As we haven't tested the old ATH at around 1350-1400 range it is no secret or surprise that we may test this level as a bottom again. We always did this in the past so I see no reason why it should be different this time.
In the end it's all speculation what we're doing here and therefore this thread generally belongs in this section.

why it should go down? just because you think the value is too high? or increased to fast? both are not true, first the value increased only by 40%, we had bigger increased in the past

remember the $200-->$400 or the $400 --->$700?, 40% is nothing not a bubble for sure i can say that 40% is a natural grow due to more adoption

many are still accustomed to the pump and dump of early days of bitcoin and can not see that the price will increase and be rock solid bat this current rate from now, due to more people accepting bitcoin

Rapid adoption is short term expectation, and a lot of mass markets buying without education. After a couple weeks/month short term expectations and increase awareness of Bitcoin, including the current scaling issues, will trigger a large correction.

It is quite clear from Bitcoin price historical movements this year ! Bitcoin price will reach maximum and then go down.

You are talking out of nowhere without facts to prove your claim. Bitcoin will not back again to below 1700$ and it will continue to climb up more than 2k$ this year. The reason is the adoption of bitcoin in Japan last April that will serve as a lever that will push bitcoins price up. By next month Australia will also adopt bitcoin and it will bring a huge hit and spike again in the market. Expect a jump to 3k$ this year.

you are late to the party my friend. price is already going down and it will possibly continue this way for some more time because a fast rise needs a correction currently at $1680 with a $1610 low.

and then after this correction period ended it will rise up to $1900+ possibly even break $2000 and depending on how fast it goes up we may even see some more of the same thing.

In summer, the rate usually decreases and soon it will start to fall again, and by the end of the year it will grow to the maximum.

Bitcoin has reached it's maximum few days ago. I don't know what is the base of your suggestion, but I am expecting to see 2000$ during the year.

Not even if more and more bitcoin users continue to grow in every country, I think though it will go down in the summer and it is no longer playing under $1200

It is in a bubble right now, which isn't good. It will drop.

Here a quote from Poloniex, which is likely true for many other exchanges, including those that mainly deal with bitcoin:

"We have never seen such enthusiasm for trading blockchain tokens as we have in the past few months. Since January, we’ve seen an increase of more than 600% active traders online and regularly process 640% more transactions than we did merely 4 months ago."

This massive surge of new users that are all scrambling to take some pieces of several coins are causing the price to rise. Not coordinated pump n dumps.

Whether it is high or low right now is really a relative concept, a few months ago a price of 1000 was considered high but now would be considered low. My point being there is no telling where the price will head and I think your analysis that it will go down later this year is really off because the interest for bitcoin has really surged lately. If the price rises with a surge in usage then it can't be called a bubble.

You want to understand what's going on with the price? Read this: https://www.sec.gov/comments/sr-nysearca-2017-06/nysearca201706-1642431-146543.pdf

Prices have increased quite high, sooner or later it is certain there will be a dump that occurred.

I think this prediction or topic is right because the price of bitcoin is ranging about to that price and now it is dumping and the summer is about to end and i think that the price of bitcoin will continue to go down and be stable at 1500 USD and it will take a few months to have a pump again. It is worth to wait than sorry.

Crap OP with no chart analysis or in depth calculations. I'm guessing more so what the OP hopes happens in order for him/her to buy in cheap.

I guess you're talking about altcoins as Bitcoin is rising steadily and pretty slow compared to all the shitty stuff out there, if you have a look at the long term chart.Altcoins however are jumping to moon and beyond out of nowhere and without any fundamental reason.
Imo we will see alts crashing and a good piece of that money floods back into Bitcoin.

Bitcoin is far away from being in a bubble! I guess you haven't experienced any bitcoin bubble so far.
So it will continue moving up until the year with some healthy corrections within of course. And that could also include  a drop to the 1400 range for a short term to test the bottom. $2000 at the end of the year is pretty realistic, maybe more.

Yes, the price of bitcoin already touched 2000$ in one of the Korean exchange but when it comes to other countries still, it is raising stage. This year is the best year for all the people who are waiting for bitcoin price to reach 2000$.

Imho... Cryptocurrency is gaining popularity cuz the trading platforms are getting easier to use which is keeping the buzz alive. Thus more and more money will continue to pour in for all cryptos.  But speculation has always been that Bitcoin is king and would continue to secure the bulk of that market cap. But that's not happening anymore. One particular altcoin is stealing the market share from bitcoin cuz it trades/transfers ridiculously faster than bitcoin which makes it hard to go back after that. Therefore I believe bitcoin will go indeed up w the rest of cryptocurrency but I don't think its going to hit $2k until the new year.

You say the price is "high" how would anyone know that? The market says it's the right price.

Not a lot of evidence was posted but at the same time this is almost common sense, it is almost impossible to maintain this level of growth for any significant amount of time at some point it needs to go down but you can take that opportunity to buy even more bitcoin.

Yeah that korean exchange has some fake prices or some shit... Bitcoin is definitely going to 2k this year, I would predict it to reach 3k as well because when the price is in a big bubble it is growing nonstop before crashing back to the initial levels and then going up steadily. Either way to be honest I don't really care what is going to happen because bitcoin is a way to store the value, and none of the shitcoins like stellar or ripple will replace it, because only bitcoin is the real currency for the people created by people and not regulated by the ponzi scheme banks.

Im 100% sure the current price has almost nothing to do with the EFT. The price rise could partly be down to:
BitFinex and Chinese exchange withdrawal issues,
Alt coins bubble -> most people get into alt coins by buying Bitcoins first, the price of Bitcoin only goes down when these people cash out into fiat not into another alt coin,
Mass adoption taking place. New large Hodlers in India are coming onto the scene, large speculators in Japan are getting in, and... more people than ever are actually using the coin as currency even though it costs too much and is relatively slow (most of these new users are not in the USA, but South America and South East Asia)

It's not that impossible, cryptocurrency is accelerating. Gaining it's popularity because of the platforms are getting easier and the people also gaining from it a lot. Many of the countries are know it already and they begin to use it for a living. Maybe for others it's not a currency but for many it's an asset and a future.

No way will it only go to 1800-1900, it will go to 3000+ before having any major fall of more than 10% or so.

In this summer, might be possible that bitcoin suddenly cross $1900. I want to ask for everyone, for example bitcoin cross $1900 than who will sell his bitcoins?
I don't think so anyone sell his bitcoins. I think everyone will start to wait when bitcoin will be cross $2000, and believe me i am also one of them who are waiting when bitcoin would be cross $2000.

Probably yeah, this bubble has to burst it is just bound to happen. I am very surprised that this bubble hasn't burst yet, it's probably the longest one. So yeah, a drop in coming months is what I am speculating, but I just have this feeling that maybe this rise isn't a bubble after all and the marketcap may be able to sustain this.