Bitcoin Forum

Economy => Speculation => Topic started by: FrankNoland on May 16, 2017, 02:28:44 PM



Title: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: FrankNoland on May 16, 2017, 02:28:44 PM
Bitcoin Price Likely to Hit $3,500 This Year, How true is that?


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: 7788bitcoin on May 16, 2017, 02:38:04 PM
Bitcoin Price Likely to Hit $3,500 This Year, How true is that?

There is definitely a chance, but afterall the price has to be supported by "something". With that "something" being unknown, the market actually predicted a price of $1726.70... That's why the current price.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: surix on May 16, 2017, 03:01:47 PM
I will have difficulties to believe that user base or investment in bitcoin can be doubled in 2017...Except there will be any very strong positive news, which I don't see either.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: OmegaStarScream on May 16, 2017, 03:17:06 PM
Bitcoin Price Likely to Hit $3,500 This Year, How true is that?

We can speak all the day about how big bitcoin is and how the price will reach new all time highs in the next few weeks or, we can speak about the same thing while giving solid and valid arguments. I prefer the second way. The price reacing 3,500$ by the end of the year Its not unlikely but we first need to get a few problems fixed (SegWit vs BU is the first thing).


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: rajasumi3 on May 16, 2017, 03:55:54 PM
We can say that the price of bitcoins would be more than before and it has a high chance that the price of bitcoins would be more than 3500$,well there are other problems that needs to be resolved and the mass acceptance is required in order for the price of bitcoins to go high of that extend.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: lemipawa on May 16, 2017, 04:00:36 PM
If we will base our speculation on the current movement of Bitcoin then Yes it is possible for Bitcoin to reach $3,500 and even higher. There might be some hurdles that Bitcoin needs to go through and thats negative news like an exchange site was hacked and funds disappear but news like Australia will start regulating Bitcoins by July 1 thats a positive news that will further strengthen the market price of Bitcoin.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: Karpeles on May 16, 2017, 04:12:43 PM
Bitcoin already doubled this year, before the half of the year, why not double at least once again?

In 2013 Bitcoin has between the first "small" rise to $200 and the second one up to $1000+ by the end of the year, maybe history will repeat itself, in a more sustainable way.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: Kprawn on May 16, 2017, 04:55:08 PM
Just as we were thinking nothing will be powerful enough to stop the rise in the Bitcoin price, we had a major negative event that pushed down

the price. {WanaCry Malware linked to Bitcoin} We will see many more and I think this is sanctioned by some governments and are not backed

by individuals or small groups. They will not allow Bitcoin to go much higher, because they know what will happen if it does go mainstream.  >:(


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: mobnepal on May 16, 2017, 05:18:52 PM
Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
I think realistic speculation would be 2500$ rather than 3500$. Its only may right now and we still have 6+ months till end of this year so price can easily go way higher than $2000.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: goinmerry on May 16, 2017, 05:29:25 PM
Bitcoin Price Likely to Hit $3,500 This Year, How true is that?

It's like saying 'price likely to hit $1,500 this year, back when the price is struggling to passed the $1,000 price or even $800 price but now look at the current price. The question is answerable by maybe yes, maybe no but the main point is, it has a chance.

For $3,500, it's not a matter if it's true or not since that's why it called speculation in the first place. If it will don't hit then it's fine as long as the price is sitting at our considered high price.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: iluvpie60 on May 16, 2017, 05:33:49 PM
In theory. If btc were to double the price, we would need a lot more people using it. Something like4x more people using it on a weekly basis. Fees are discouraging people from doing this. Volatility causes normal people to tune out also.

Maybe if stable a bit longer of a period like a few months and good news and we get 20%  higher price.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: Wekkel on May 16, 2017, 07:04:38 PM
This is what it is about:
https://i.imgur.com/FzOt3Yw.png

Metcalfe's law  ::)


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: bettercrypto on May 16, 2017, 11:05:12 PM
There is a huge possibility that bitcoin will likely hit $3500 this year.  Though we cannot say it is 100% true since it is still in possibility.  With the exponential adoption of Bitcoin and more country recognizing BTC, Bitcoin will be able to reach such amount this year.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: pooya87 on May 17, 2017, 04:08:21 AM
with bitcoin anything is possible, specially these days with all the good news about it. but i still think we are not completely ready for such a big rise. the orderbooks on exchanges are still not that filled, and there are a lot of panic sellers who are waiting for some imaginary targets to get out because they thing that target is the end. like what they thought about $1000 target.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: arwin100 on May 17, 2017, 04:13:52 AM
Bitcoin Price Likely to Hit $3,500 This Year, How true is that?

To many prediction but theirs no any strong fact,indicators or anything we can hold on to reach for that. But maybe the price would surpass to that predicted since as of now many people can't imagine how thing would go for bitcoins right now and currently it reach to its strong point where people,holders or shall we say everyone already earns a lot from this thing. and better we just monitor and see if price would really cross for that.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: Wandika on May 17, 2017, 04:23:52 AM
Bitcoin Price Likely to Hit $3,500 This Year, How true is that?

To many prediction but theirs no any strong fact,indicators or anything we can hold on to reach for that. But maybe the price would surpass to that predicted since as of now many people can't imagine how thing would go for bitcoins right now and currently it reach to its strong point where people,holders or shall we say everyone already earns a lot from this thing. and better we just monitor and see if price would really cross for that.

Actually, There are some indicators so that we can predict bitcoin price as well as he speculation above. Bitcoin is now making name around the world because it is use as payment for all cyber crime like ransomware.
We recently here the news about this ransomware virus that encrypts file and ask for btc ransom in able to decrypt it again, And yesterday, A big news that extortion disney for the pirates of the carribean movie to be leaked once they didn't pay for bitcoin. Even though it is used in negative things, It is still advertised around the world.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: mundang on May 17, 2017, 04:48:34 AM
Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
It cannot reached that price cause it so very high and bitcoin only have 6 months to reached that 3500$ before 2018 which is impossible right now. Bitcoin spend years to reached the current price today ,and going to 3500$ price this year is only a dream that will never come true.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: zupdawg on May 17, 2017, 05:22:02 AM
Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
It cannot reached that price cause it so very high and bitcoin only have 6 months to reached that 3500$ before 2018 which is impossible right now. Bitcoin spend years to reached the current price today ,and going to 3500$ price this year is only a dream that will never come true.

for me, it is not impossible to reach it, imagine how much is the price increased from the start of the year and it is only the 5th month of the year so why impossible to reach $3,500? tho it may look that it is still far, we can't really say it is impossible


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: sanbashiyi on May 17, 2017, 05:24:14 AM
Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
It cannot reached that price cause it so very high and bitcoin only have 6 months to reached that 3500$ before 2018 which is impossible right now. Bitcoin spend years to reached the current price today ,and going to 3500$ price this year is only a dream that will never come true.

for me, it is not impossible to reach it, imagine how much is the price increased from the start of the year and it is only the 5th month of the year so why impossible to reach $3,500? tho it may look that it is still far, we can't really say it is impossible

i don't think price rising quickly is good for bitcoin, maybe next block halve will reach 3500$


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: DrGuns4Hands on May 17, 2017, 05:45:50 AM
It's hard to predict the future. But in my opinion, it is not impossible to hit that price in cryptocurrency. As I always say cryptocurrency or bitcoin is accelerating. It maybe rise, crash, rise, crash, rise, and chrash again. It depends. But who knows it come true. If its happen it will be great as well.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: beerlover on May 17, 2017, 08:23:17 AM
We can speak all the day about how big bitcoin is and how the price will reach new all time highs in the next few weeks or, we can speak about the same thing while giving solid and valid arguments.
But speculating about the future is more important as it will be helping traders to have some over all idea. Our speculations may come into true when more traders agree.
We do speculate based on some expectation (like SEC will approve ETF), when it will happen traders move forward to push the prices. Sadly vice versa also true.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: moviebuff777 on May 17, 2017, 12:42:28 PM
Bitcoin Price Likely to Hit $3,500 This Year, How true is that?

That price seems unlikely, but I also didn't expect the price to rise to $1900 this year either. I also expected a bigger correction in price which we could still have.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: rickadone on May 17, 2017, 12:51:51 PM
Bitcoin Price Likely to Hit $3,500 This Year, How true is that?

That price seems unlikely, but I also didn't expect the price to rise to $1900 this year either. I also expected a bigger correction in price which we could still have.
A correction cannot be big to get fear out of it. Moreover I understand you mean to say that bitcoin will not find the any more up surge from this point as it will be having recursive corrections to have some lowers levels ? I do not think so as you are missing out to mention any backing reasons to support your speculations.

There are lot of positive things are happening around bitcoin ecosystem, I do believe bitcoin will be having prices like $5000 by end of this year.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: LFC_Bitcoin on May 17, 2017, 02:45:39 PM
Bitcoin Price Likely to Hit $3,500 This Year, How true is that?

Not very imo, I'd love to be proved wrong. $3500 per bitcoin would be amazing but I can't see it for a couple of years.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: Mastergerund on May 17, 2017, 03:35:57 PM
I think we could see those prices in the coming weeks actually. It might kiss 3k before correcting but it'll probably hover around 2 to 3k before the end of the year.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: Stedsm on May 17, 2017, 06:54:23 PM
I think we could see those prices in the coming weeks actually. It might kiss 3k before correcting but it'll probably hover around 2 to 3k before the end of the year.

I don't see it going more than $2600 even if it goes higher, because it has already consolidated a lot and the reasons are currently not much strong for the price to reach at these given numbers, and the first and foremost thing that is needed is stability in price, because if dumps take place then again investors would get out and we will need to wait few more years before we see such spikes back.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: Siren on May 17, 2017, 09:04:20 PM
I think we could see those prices in the coming weeks actually. It might kiss 3k before correcting but it'll probably hover around 2 to 3k before the end of the year.

I'm sorry dude but I don't agree with you. To touch $3000 I think we need to solved the issue on the scaling problem. Transaction fees are going up to the roof as well making people to not choose bitcoin as mode of bitcoin. With that said, I highly doubt that $3000 this year is possible.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: BitDane on May 17, 2017, 10:01:32 PM
Bitcoin Price Likely to Hit $3,500 This Year, How true is that?

It is not true yet since bitcoin have not hit that price but the possibility to reach $3500 is big due to the hype brought by Japan friendly gesture to bitcoin and large company that wants to participate in bitcoin economy.  Aside from that Australia just announced their view on bitcoin that they will accept it as money this July.  Definitely this will increase bitcoin price.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: bestluck on May 17, 2017, 10:05:38 PM
It is absolutely true that the price of bitcoin will increase to $3500 in this year because now the price of bitcoin once again started to increase and we all know that when the price start to increase then it take no time to reach the highest levels so within a few months I am sure that it will reach to the level of $3000 and will then forward to $3500.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: jbl888 on May 18, 2017, 05:49:28 AM
With countries like Japan and Australia (July 1 will recognize Bitcoin as money) take it seriously AND worldwide debt based fiat money crashes making 2008 look like a speed bump ... the only places of safety will be precious metals and the most trusted crypto: Bitcoin

My prediction on December 31, 2017:   $10,000+ per BTC    8)


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: marketone on May 18, 2017, 09:21:00 AM
Bitcoin Price Likely to Hit $3,500 This Year, How true is that?

That price seems unlikely, but I also didn't expect the price to rise to $1900 this year either. I also expected a bigger correction in price which we could still have.

Yes, we can more than 2000$ in the year 2017, but 3500$ is the really very high amount it is not possible to predict easily. As the bitcoin community keeps increasing but the chances of increasing more than 3500$ in coming years it is possible may be.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: Wekkel on May 18, 2017, 11:54:30 AM
My prediction on December 31, 2017:   $10,000+ per BTC    8)

With Bitcoin it makes more sense to predict 10,000+ than below that, indeed ::)


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: FrankNoland on May 18, 2017, 12:39:06 PM
Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
I think realistic speculation would be 2500$ rather than 3500$. Its only may right now and we still have 6+ months till end of this year so price can easily go way higher than $2000.
I personally think its a possibly, remember how long(how many days or weeks?) it took Bitcoin to rise from $1000 to the current price? So there is a possibility that in the coming few weeks 1BTC might be worth the $2500 you just mentioned and more than that by the end of this year


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: FrankNoland on May 18, 2017, 12:56:07 PM
Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
It cannot reached that price cause it so very high and bitcoin only have 6 months to reached that 3500$ before 2018 which is impossible right now. Bitcoin spend years to reached the current price today ,and going to 3500$ price this year is only a dream that will never come true.
Dreams do come true sometimes, what would you say if you wake up tomorrow and realise that BTC price rose to $2100 overnight?


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: iqlimasyadiqa on May 18, 2017, 12:57:17 PM
It is absolutely true that the price of bitcoin will increase to $3500 in this year because now the price of bitcoin once again started to increase and we all know that when the price start to increase then it take no time to reach the highest levels so within a few months I am sure that it will reach to the level of $3000 and will then forward to $3500.
I agree with you . We are all just a matter of time. Because bitcoin prices are currently experiencing a significant increase. But the incidence of ransomware wanna cry and transaction delays can give a little negative impact.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: enhu on May 18, 2017, 01:00:38 PM
Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
It cannot reached that price cause it so very high and bitcoin only have 6 months to reached that 3500$ before 2018 which is impossible right now. Bitcoin spend years to reached the current price today ,and going to 3500$ price this year is only a dream that will never come true.
Dreams do come true sometimes, what would you say if you wake up tomorrow and realise that BTC price rose to $2100 overnight?

Most of the trader will probably sell once it hits the peak by the end of the day. But who know what will happen. If it did happen on ripple with billions of supply, it may also be possible. Maybe banks are also considering bitcoin and not just xRP.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: n0ne on May 18, 2017, 01:17:28 PM
Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
It cannot reached that price cause it so very high and bitcoin only have 6 months to reached that 3500$ before 2018 which is impossible right now. Bitcoin spend years to reached the current price today ,and going to 3500$ price this year is only a dream that will never come true.
Dreams do come true sometimes, what would you say if you wake up tomorrow and realise that BTC price rose to $2100 overnight?

Most of the trader will probably sell once it hits the peak by the end of the day. But who know what will happen. If it did happen on ripple with billions of supply, it may also be possible. Maybe banks are also considering bitcoin and not just xRP.
With ripple and xrp the value have grown high as the tie up with several ventures increase. With bitcoin the bubble is unexpected even when the adoption is high price grows in a gradual manner and so none knows what happens next minute. It's good to make predictions but reality is always a dream. So $3500 too is an possible value.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: FrankNoland on May 18, 2017, 01:20:03 PM
I think we could see those prices in the coming weeks actually. It might kiss 3k before correcting but it'll probably hover around 2 to 3k before the end of the year.

I'm sorry dude but I don't agree with you. To touch $3000 I think we need to solved the issue on the scaling problem. Transaction fees are going up to the roof as well making people to not choose bitcoin as mode of bitcoin. With that said, I highly doubt that $3000 this year is possible.
You cannot predict the future, Bitcoin is unlike Altcoins, surely you are aware that most people and countries are now showing interest in Bitcoin


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: bering on May 18, 2017, 02:33:41 PM
in my point of view that the possibility price on this year approximately $2000 could be less or more and very hard to reach $3500 but i think sometimes in bitcoin world there is an situations that when it is impossible to became an possible so lets wait for next peak in this year


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: favila on May 18, 2017, 02:40:22 PM
I have no doubt it will reach above 3-4k$ because we have entered an era of widespread adoption with news coming out of bitcoins acceptance right around the world. If the ETF is also approved this year even 5k+ is possible.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: jonald_fyookball on May 19, 2017, 05:06:40 AM
bitcoin easily 10k in 2020


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: centralbanksequalsbombs on May 19, 2017, 05:11:55 AM
I say by 2027 or earlier, I say Bitcoin will hit $8,000USD


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: Fredomago on May 19, 2017, 05:17:26 AM
I have no doubt it will reach above 3-4k$ because we have entered an era of widespread adoption with news coming out of bitcoins acceptance right around the world. If the ETF is also approved this year even 5k+ is possible.
Well etf will be a big factor for the value to keep rising up i like this speculation since we are almost in 2k$ already and we only in a first quarter so there's a lots of time and with many adoptions and new investors which gaining attention btc will increase to that stage.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: BossMacko on May 19, 2017, 05:25:02 AM
Who knows, We are talking about Bitcoin here the price speculation of 3,500$ this month might hit. One thing good about Bitcoin is it is very unstable you'll just wake up one day price is sky rocketing and sometimes you'll wake up its going down. But as a user of Bitcoin for many many  years i believed in Bitcoin that the longer it survives the higher the price it can get.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: JofryTheKing on May 19, 2017, 05:53:06 AM
I see that you guys are on the positive side and with hope in the huge future of the Crypto-currency. I, too, share your opinion, but there is certainly some kind of apprehension about the risks and other aspects of the activity in the field of crypto currency.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: bitbob82 on May 19, 2017, 07:43:42 PM
Bitcoin Price Likely to Hit $3,500 This Year, How true is that?

There is definitely a chance, but afterall the price has to be supported by "something". With that "something" being unknown, the market actually predicted a price of $1726.70... That's why the current price.
Well knowing that the prices are really in a very good motion the graph of the Bitcoin is really going good but to very honest the $3500 is some comes in exaggerating the market a bit more than the current situation. Currently it doesn’t seem like going to happen.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: stergium on May 19, 2017, 08:17:40 PM
Just as we were thinking nothing will be powerful enough to stop the rise in the Bitcoin price, we had a major negative event that pushed down

the price. {WanaCry Malware linked to Bitcoin} We will see many more and I think this is sanctioned by some governments and are not backed

by individuals or small groups. They will not allow Bitcoin to go much higher, because they know what will happen if it does go mainstream.  >:(
Yes I do believe that nothing was going wrong and the prices were going very much high with creating a confidence to the users. Especially after the japans announcement of accepting the Bitcoin and then from nowhere somehow the prices dropped. So, we don’t know that how did it happened and weather it will happen again or not.


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: adzino on May 19, 2017, 08:27:55 PM
Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
It might go that high but we can not assure that. We can't predict furture, can we? No one knew back then that the price would go that high. If someone wrong happens we might see the price fall down to $350 instead which is highly unlikely to happen though. We need to overcome some problems that are currently holding back bitcoin.

Just as we were thinking nothing will be powerful enough to stop the rise in the Bitcoin price, we had a major negative event that pushed down
the price. {WanaCry Malware linked to Bitcoin}
Ransomewares like WannaCry won't have much impact on bitcoin to be honest. Sometimes bad publicity is good  ;)


Title: Re: Bitcoin Price Likely to Hit $3,500 This Year, How true is that?
Post by: Le Happy Merchant on May 20, 2017, 12:04:27 AM
Imo, there's a pretty strong chance of hitting $3450, so sure why not $3500.