Bitcoin Forum

Bitcoin overflow - what an increase in exchange rate of bitcoin!  :o :o
Defiling all speculation & Prediction(s)

☞Not subject or control by anyone!  what a virtual currency!
☞Out of control by the chineese miner's


It's current speed per hour exceed that of any sport car (porche or ferrari)

wow

☞Enjoy the overflow  but, remember to save during this season of overflow because after rain comes sunshine. After harvest comes famine!

Thanks

Traders and bitcoin holders are well aware that bitcoin is volatile and that anytime there could be changes in the value. But at this point of time we are all positive that it will go up in value and we are very positive that it will hit Five THousand Dollars per coin by the end of the year. Thus we are buying more bitcoins and holding and we only sell a little so we can get much profit when the price is very high.

Yeah current price of bitcoin is more than 2650 usd. It is very high price and i never predict price of bitcoin will touch that number.
Obviously that is so a nice proverb dude and whenever it could happen. But if we see from demand of bitcoin in market and amount user of bitcoin who always more bigger, while it happen bitcoin won't down too deep until bitcoin user feel 'famine'  :D

Looking at the price now probably everyone is secretly hoping to become millionare. This is the good time to make nice profit but things can also change. Maybe not soq deeply but still we have to have Bitcoin volatility in our minds. Nevertheless, I hope this will last and Bitcoin will continue to rise.

I don't want to turn this into a speculation thread, but I think it's pretty clear by now that even $3000 per Bitcoin looks pretty likely at this point.
Though, I dissagree with your title, it certainly is still possible to get rich with Bitcoin, any middle class person could still save up and invest, even when BTC prices are this high.

I'm even starting to believe that those crazy $10.000/BTC predictions might come true sooner than we think.

Totally agree!
More and more people are interested in Bitcoins but its still a small world...

It's true that people that are starting to buy now probably won't be rich. The early investors are all probably extremely wealthy right now. The price right now is just too high to buy in my opinion.

It's not done yet.  After this boom it will inevitably hit a period of stability, where the price goes up a bit one day, down a bit the next, as people aren't sure whether to keep buying, selling, or holding.  But in this economy, and knowing the volatility of the medium I'm guessing more will sell, or perhaps rather the ones (perhaps relatively few) that really hoard a lot will sell off a lot will sell off what they consider their excess, then turn that cash money into safer, low/non-existent risk investments, like gold/silver, especially in the form of graded/slabbed coins/bullion (I suggest Gold & Silver American Eagle coins bought in bulk from APMEX, then sent to NGC to be graded and slabbed.)  Almost all of them will earn the highest grade of 70.  They will come in plastic tubes... don't even take them out, send them in like that.  It's just a nominal fee to do it, and will add 50-$100 to the value of each gold coin and $15 or so to the silver ones.  APMEX also has .9999% pure gold & silver bullion, the .9999 silver ones come in rounds not bars, look carefully because there are .999 ones too and they're the same price and look the same save an extra or missing "9".  Just giving advice to this crowd... things that won't tie your money up and will sell themselves if/when you decide to move it back into BTC.  

The people that held onto theirs and didn't flinch will be just fine, however, IMO, taking the above approach will maximize profits.  The value may go back down to the 1200-1600 range.  When this happens there will be a tidal wave of a boom that made this recent one look like a mere wake.  The people that held onto theirs will buy more... the people that got their money out will re-invest, and newcomers waiting for the price to go down now, wishing they got in sooner and figuring what goes up must come down will jump in with both feet too.  And the blue chippers that stick to the old guard market approach, afraid of the potential for volatility of BTC from the past events that are taking notice now to the potential gold mine it is will also pour their money into it.  It's already begun and that's what's to credit in large for the recent boom.  But we know how these people work too, and that's what tells me many of them will get out about now too and take something like the above approach.  When the smoke clears I wouldn't be surprised to see the value of BTC to hover around $5000/1 by the middle/end of 2018.  I've even seen a Chinese "prognosticator" predict the value to be closer to $10,000/1. by then.  I think that may be a bit optimistic, but at this point it's hard to doubt anything in regards to the potential growth of BTC.  What goes up indeed must come down, but it can also then come back up again with a vengeance swinging with both fists.  And I expect that to be the case here and it seems to be the prevailing opinion amongst gurus... save of course the "old guard" Wall Street tycoons that always spin BTC with a doom & gloom outlook because it's a threat to their status quo of how fiat currency operates.    

This is very true as the price of bitcoins just seems to be going higher and higher which means it will reach a point as all currencies do where it will either stop increasing or degrade. ???

We are talking about what could be eventually a currency used by hundreds of millions of people around the world. And for a global currency, the current total value of 44 billion is nothing. Yes, it could crash, but it could also see tremendous gains.

not really, as long as the demand for something is increasing the price of that thing (which also has a limited supply) will increase and when a balance between the supply and demand of that thing is settled, the price stops increasing and starts becoming stable.

if that balance is broken, meaning the demand decreases the price will go down and if the demand increases the price will go up.

I agree most people can't afford to buy Bitcoin at the current price. The most anyone can do is mine a little, faucets, or other low cost ways to gain Bitcoins. To me it's time consuming to even try some for they can have very little return. Many suggest that online mining just makes the mining pool owners wealthier and not the miners. Maybe...I've certainly mined at a few that seemed on the shady side with things not adding up with what I was seeing in my account. However, if you are not a mining expert you can't really say if you're being fleeced or not.

Let's remember there are only 21 million coins available and not even 17 million are mined. If more and more people will use BTC, even owning 1 BTC will bring great returns.

Nothing like that you don't need to buy an entire Bitcoin to be rich, you can systematically buy bits of it and that's what I have always suggest people to do a what it does is to average out your price. Yes the prices go up and they go down that's when you are supposed to make a purchase that's what a smart investor does, now imagine of you buy through huge price and it crashes then what. So be careful with your investment if you don't understand you will burn

But, who says you need to buy a whole bitcoin? There's always an excuse not to buy and when the price eventually reaches a new high, you would regret not buying (even small fractions at current prices). Well, you are not alone there because we see a lot here who only earn bitcoin and use that earning for their everyday expenses, and not being able to accumulate and hold what they earn even if they wanted to.

I remember a bunch of people saying the same thing when bitcoin when above $1 for the first time.  I wonder what clever words you will have when bitcoin = $10,000.

This is how you stay poor for your whole life.

If Bitcoin is going to double in the next 3 months, then it doesn't matter whether the price is $1 or $100,000.  You will still double your money.  Therefore, bitcoin price is good for rich people and poor people.  It is the same amount of good for rich people as it is good for poor people.  Everyone is happy. 

even fi you can't afford to have one bitcoin, there will be always possibility for everyone to make big amount of bitcoin, this will remain true in the future

you wanna know why? because of altcoin, with the right decision, if you invest or mine the new coins you get a lot of profit, or if you are lucky enough to invest in that one coin that do 100x, you will be rich anyway

many are making an huge amount of bitcoin in this way, just look carefully for the altcoin with potential, not only the notorious one like ETH Zcash etc...

Amph, I would advise against any speculation in Ethereum, because that is clearly a Ponzi Scheme. Yes there are some people who are going to make millions investing in this scam, but the people who come in at the end is going to lose quite a bit of money. Despite several warnings from many people here on this forum and on other platforms, people are still investing in this scam. I would rather buy small quantities of Bitcoin than investing is some ScamCoin that might harm other. ^grrrrrrr^