Bitcoin Forum

Last month, we have seen so many market analysts, investors and speculators telling us to go for Bitcoin as it can soon be hitting at least $10,000 in the next few years and even $5,000 at the end of the year. The picture seems to be so rosy that it also create some discomfort in some people.

The recent dip in the Bitcoin value put some halt to this rosy picture, albeit temporarily. There are still some who believe that this recent development is very temporary and that after the scaling problem can be solved we can see Bitcoin at its real potential.

What is current feel for Bitcoin's value considering its recent retreat?

You're focused on the past few weeks.
The articles/speculations you are referring to paint the bigger picture.
So lets look at a more macro view instead.
Bitcoin is up:
202% in the past 3 months
290% in the past 6 months
365% in the past year

If you have a positive thinking that Bitcoin can rise high to the moon so there will be no doubt that it will came. There's a lot of speculators this coming upgrade of segwit2x (split) will affect the price of Bitcoin. And if you see this year Bitcoin was at an all-time high.
I believe in the technology ( protocol ) of Bitcoin and after this soft pork we can see its potential (rise again).

Did bitcoin crashed into half of value from its ATH ? Did major countries start banning people from bitcoin using ? No. Then why should I stop believing into bitcoins that it will be reaching some big prices like $5000 by end of this year ? Th recent dip was just a usual fluctuations when there will be the mixed sentiment about future development progresses. It does not mean that bitcoin will never ever bounce back, it will and we are heading to million dollars level in coming years, get ready or regret later.

Yup! I agreed, we are only heading for a big change in bitcoin but after that bitcoin price will never be the same and I am thinking the same thing now, back then I am blurred on what is about to happen on the impending August 1, but after reading any nook and cranny on all about to know, I have learn that bitcoin is about to stay and much more greater than before.

This is one of the problem. People are comparing the Bitcoin value with the past two weeks or less. So if the price decrased by 10% people tend to say Bitcoin is faded, Bitcoin value is decrasing a lot, Bitcoin is dead and obsolete,etc. But people shouldn't consider with what it was just some weeks ago. Ok the value decrased by 10% but we need to look far than 2 weeks ago. Now if you consider with last year, two years ago the story is completely different. You don't compare your salary with the last month, you compare it with the previous year or more

those articles were mostly because of over-excitement in my opinion. and what you are saying is also over-depression!
so far nothing has changed. price has gone up from $1000 to more than $2000 which is more than 100% rise in nearly  6 months and people are starting to act all weird because the "rise" has stopped. i mean this is already a crazy big rise for this whole year! and even if there wasn't any more rises and price stayed at $2400ish for the rest of this year the rise would still be the same percentage as previous years!

so why the weirdness about not rising!

Since I invested in bitcoin, my life changed so much money to cover myself. So even though the price of bitcoin has been decreasing recently, I believe that bitcoin will increase rapidly. I do not worry about this because the campaigns are still open.

yes i agree on you because most of the people is currently always afraid of the unknown.mostly if the price  decreases the dis appointment occur and the laziness takes place  in thier mind and  but i think everybody should know that sometimes good  things come to those who wait.i believe that bitcoin price rise up even if how many times it is drawn to be decreases.

The technology of going digital for currency is inevitable. The cat is already out of the bag and the writing is on the wall. This is a sea change for the entire world in the way that the internet was or the way the nuclear bomb was, this will affect gov't and maybe even the definition of gov't. All that said, that doesn't mean bitcoin itself can't completely crash along the way to whatever tech is eventually mainstreamed. Or it could be the digital gold standard. Hard to tell.

Don't hope the price of Bitcoin can increase fast after a big crash. If you care your Bitcoin and your funds, I recommend you should follow status SegWit2x Bitcoin, when see signal the price can breakdown, going to FIAT or USDT is best place to keep your money. Although, I understand still earning Bitcoin with campagin is good, but make extra profit and keep this amount very important!

Bitcoin is a highly volatile monetary system, we had many ups and downs in the past and at this point, it is safe to assume that this situation will continue in the future.
Recent retracement was caused by FUD about Bitcoin split, most users don't understand anything about protocol upgrade.
These people would rather dump all their cons to be sure that they won't lose money after BTC will crash/split after failed upgrade.

Bitcoin is still emerging and there is need for the volatility that is being experienced and this is something that will still be with us at least in the short term. And this is the reason why I am always sceptical about all the various thread that will see predicting a high price for bitcoin based on current happening forgetting other factors that might affect the price which is something we are currently witnessing but the hope is not lost because I believe the price will still bounce back to everyone amazement.

If you ask me, I would reply that it all depends

If SegWit gets activated somehow against all odds (say, Satoshi himself comes out of his hide-out and pushes strongly for SegWit activation), then it is a no-brainer that Bitcoin will spike spectacularly (but then Satoshi's very appearance could boost prices on its own). If SegWit gets postponed for an indefinite amount of time (which seems to be the most likely outcome as of now), it kinda looks Bitcoin prices will continue to stagnate with occasional pump and dump now and then. Ultimately, people may start leaving Bitcoin (if they don't already) and moving to altcoins which might offer them greater opportunities to earn profits

I don't think that there is any chances to increase in the price of the Bitcoin before 1 August or before the first week of 1 August because the main problem is the panic of loss of btc .
Many newbies and Noobs in the Bitcoin fields ( who recently entered in Bitcoin joined )  are thinking that it is first time happening and probably there is chances to loss by 50% , but actually they are not thinking about the advantage behind this but instead of the hold the btc they are  selling and making down the market of the btc .
Well here we should already hold our btc in our wallet instead to get fear and do our job as usual but not to make transaction of Bitcoin to anyone before the night of 1 August and also after until declare is that everything is fine or not or we need to make any changes .

I'm almost sure that on August 1, nothing will happen and SegWit will be postponed again. This keeps investors in constant tension. And it helps some people to manage newcomers. I do not like this, I want clarity

Honestly i'm satisfied what bitcoin today and like you said segwit activation postponed i think its should be postponed or don't let segwit activate since we are satisifed what the price of bitcoin right now and i think if segwit will activate i am sure we will experience of large dump..
Hope that it will not happen..

Personally, I would prefer a "clean" SegWit activation, so to speak

Without Bad Blocks or anything to that tune and without much ado either (in pretty much the same way like it happened with Litecoin). Apart from that, many people want clarity, not just you alone, but miners can't come out and honestly say that they want things as they are today (with high fees and slow confirmation times). Though, after the SegWit cancellation, there should be less people who would be trying to defend or otherwise excuse miners. But that will be cold comfort to Bitcoin and its users, apparently

This time last year if you'd told me the price would nudge $3000 I would've poured my soup down your Y fronts.

Almost all predictions have turned out to be junk, but if Bitcoin remains healthy then eventually it will reach some surreal prices. I might be dead before then though.

Long term, 3k will seem like a little speed bump.

Short term, we're a bit over extended rising from $800 in Feb to $3000 in June.

I personally still believe that bitcoin can still rise high again, but to avoid the bad things that are likely to happen because of a chain split i will just keep half bitcoin in my wallet.

What you mean by holding half bitcoins ? You mean all of your other bitcoins will be in cold storage and only half in connected wallet ? I guess this is not significant as long as you are able to control those bitcoins by having access to privatekeys.

My believe is still strong as ever and not even perturbed with either August 1 or not and that us why I am always cautious of the various reports here and there predicting of how bitcoin  will reach $10000 in a matter of weeks. What I feel really matter is anybody coming into bitcoin should come in with what he can afford to tie up for a long term and with that, the drop in price won't have much effect to such individual.

Honestly we don't know what will happen this coming august but same here that i believe in bitcoin that it can survive and the price can be still increase we will just experience of price drop but its just a normal due to splitting so i think it can increase more value of bitcoin after this event..
Because the feature they want before is already been added..

If ever chain split will happen, we can really see a lower price obviously. But we are talking about long term here, so eventually bitcoin price will increase again during the "recovery" period and for other people and investor to adjust.

And by the way, where is your source that just because of the current situation, most people quite have now less expectation from bitcoin? Is that just your opinion? Maybe there is but still I believe that majority are positive on how things will came out.

Take everything the so called experts say with a pinch of salt. It is all speculation, manipulation is rife, pumps and dumps the new world order. How about seeing the technology for what it is, and using it accordingly regardless of the price? The price will rise, no doubt about it. It needs patience and there will be long periods of stagnation and dips.

Nowadays, people are worried about the future of bitcoin, it is in the transition process, its future coming forward. We have all reason to believe that the bitcoin will be higher, but that belief is not big enough to overcome the anxiety of the people.

long term bitcoin will always win
and they are all talking about the long term changes not in short. when you are zooming in the charts or just look at the last price you obviously only see a low thing or a drop but if you zoom out a bit and look at a year at least you can see what each of those articles or people say.
the adoption is growing and with all the debates it is still growing well and as soon as we get rid of those who are attacking bitcoin and preventing SegWit we can see the $3000 this year and $5000 right after.

Crypto got hit across the board, lots of value evaporated within a short period of time ($44B USD across the entire market iirc) and almost nothing was spared during the downturn. The market has only gained $6B USD back since the dip 1/2 days ago. 85% of cryptos are down 1%+ vs. their 24hr average, and often that includes the downturn, meaning they keep going down.

For Bitcoin, it will likely sag for a while and then upturn. As Bitcoin moves, so does most of the market. If absolutely nothing happens, Bitcoin should finish the year above $2,000 but not above $3,000. Of course, that is not reality so it's a crapshoot as to what happens. Conservatively, $2,500+ is possible.

I don't have much knowledge about bitcoin and from the person who introduced me to bitcoin I came to know that bitcoin has overcome several hurdles in this time period from the day it existed. So never panic and just trust in it and the increase in price happens without doubt.

You are right. Bitcoin has proven time and again that it has the ability to recover from any crisis. If you are not here during the post March ETF decision, bitcoin price fall below $1000 and a lot of people has lost faith in bitcoin and sold their coin. But when April comes in, the price quickly recovered and even reached ATH at $3000. So without a doubt bitcoin can and will overcome this obstacles.

Yes as bitcoin is still experimental it will grow more in the market and it will never bring us down.
Many known personalities invest here so they won't let bad things happen in bitcoin community, of course they will be affected in what ever happens.

atm prices have retracted which is a temporarily set back which was caused by negative speculations of the bitcoin fork but i believe bitcoin has not yet hit its peak as market analysts, investors and all interested parties have predicted to hit $10000 and we are just a fifth of that. I believe we shall start to see an improvement in market price after the fork is done and settled.

Unfortunately, yes because I witnessed how bitcoin survive and I believe that it was happen again in future. Also if you compared the current prices of bitcoin in the market, there's a big improvement since we started and I thanks for that, possibility bitcoin in the future were raised up beyond expectations of each one.

and
200% in the last 4 years........

You can play with graphs and statistics how you want.
You can draw lines with bitcoin reaching 300k in 18 months like RIPietila did or bitcoin going to  0 in 4 days.

I have yet to see somebody guessing right the price of bitcoin more than 5 times in a row.
Statistics and past evolution are meaningless in bitcoinland.

I'm almost willing to bet the price will just ignore Aug1st and everything else for a few months but ...I'm bad at bets.

Long-term value growth is positive
I believe that August will usher in a turning point

"predicting" price is a hit or miss...


but analyzing its current price behaviour can give some insight on its current state , wheter it is strong or weak ... and from that on one can participate in the market with a from of an "educated guess"

a market can only be in one of two states and that is Balance or Imbalance

and i have yet to see a Balanced state of BTC

With the current behavior of Bitcoin's price, we fell from its uncertainties. We cannot think for ourselves on whether will bitcoin's price will increase or decrease. We are all confused at the time being. Some who do not care about the drops lately might be having thoughts now whether to sell or not. As the price falls, people also fall on confusions.

The price is somewhat disappointing in my side. The timing is off, when I urgently need money then the price drops. I guess I have to start accumulating again to cover my spent coins then.

Maybe price is falling but it still at $2100+ and that is still considerably high. Remember when price climb to $500 and we are saying it high already. Then now, why other's calling it low when the fact is it still a 4-digit price. We can't expect it to be always on top, climbing. If there is a rise, there is fall. The same goes if there is fall, there is rise.

Yes... I will become worried only if Bitcoin reach to $1500 or below.  :D

The price is still high and some movements like this we are seeing were already predictable as holders are fearing the HardFork and its consequences. Rises and falls are a part of the game and it has positive points, like the chance of making profit. We can buy it cheap now or even cheaper soon and sell again when the price rises again.

Ya... you need to look long term. Who cares how far we've up today vs yesterday or last week. That's just day to day volatility. What we should really look at is the past 5 years. Bitcoin is performing extremely well, even after a major crash.

Yes I still believe, because price of bitcoin now was fluctuating in right price and I respect the potential of bitcoin in the market. I already invest now due to good opportunity given by bitcoin.

I still believe that bitcoin's price can rise high. Its value may be low as of the moment but expect the unexpected. That its value will eventually get high and you will earn profit from your bitcoin. It is also a good time to buy bitcoin now since its price is low.

Events like this happens before minus the segwit part but I still believe bitcoin can recover as it always did. It will just a matter of who will panic and leave btc or who will stay and risk their btc and believes in better future same with those who will take the opportunity to buy a lot of btc. It will rise high again just have patience.

Yes,Bitcoin can still rise more.Those who have believed and bought bitcoins have gained huge profits and those who just doubted and lost the opportunity has lost their profits.Bitcoin has great potential and it deserves more higher price than its current price.

I agree that bitcoin has a lot of potential. But I do not quite agree with the fact that bitcoin should be more expensive now. Its price is formed on the basis of the ratio of supply and demand. And at the moment its price is in line with demand.

And what's wrong with a higher price?

Indeed, ultimately it all comes down to the balance of supply and demand, but this doesn't in the least mean that the balance is somehow set in stone and thus the price cannot rise (or go down, for that matter). In other words, it is an effect or result, not a cause or driver in and of itself. If Bitcoin adoption expands or just more people are going to convert their fiat savings to Bitcoin, the demand for Bitcoin will increase, and given the same level of supply, these two sides will be rebalanced at a higher price with less demand and higher supply than at the start (when there is an imbalance due to demand surging)

For me the higher price right now is the result of the actual demand of bitcoin in the market, and if ever there's an imbalance happening it wouldn't be like fiat systems. Bitcoin system has the highest potential to gain it's strength toward price domination of all cypto currencies in the market, specially on those trader of crypto currencies like the altcoins; it has the highest demands when it comes to exchanges from alt to btc conversion. So that proves how bitcoin is popular and is potential to rise higher more that it's current price nowadays.

That being said, then there should be no disagreement with the high price of btc now. The value right now is fair and I expect it to rise more for the coming months.

Btc's potential is undeniable and speculations helped with the growth in demands which in turn of course results in higher price. Let's see how things turn out by the end of this year.

yep right now bitcoin price are at $3400 per bitcoin and have a possibility to reach the $4k barrier but it's still depends if there's no big dump this coming november. i don't think that bitcoin would raise up without dumping because the traders and big whales are the one who's controlling the price of bitcoin so it will be depending on them.

With the recent price pumps up to 2.6K, then 3K and now almost 3.5K, I certaintly feel like that bitcoin does have the potential to become very big and with that, I would expect prices to hit 5K. It all depends on the community.

Lets hope Bitcoin keeps rising and we keeping making profit, I would be pleased to see bitcoin rise to 5k, before the end of the year. Certainly is possible in my opinion. Lets go!

The growth rates are not always good. Yes, it's definitely good for those who store bitcoin, but it can negatively affect the desire to buy these coins to others. Then you can see the decline in demand for bitcoin and as a result lose their money. Everything should be balanced.

I am optimistic with value bitcoin still has power to rise higher, demand and trust of people on bitcoin will continue to support upwards. Currently only the initial spike, there will still be subsequent spike greater than this.

I have to massively disagree with this view

How on Earth is it possible that growing prices of an asset would kill the desire to buy this asset? I'm 100% certain that it works in reverse order (and still more so if we talk about investing and speculation). That is, declining prices make an asset less attractive overall until no one gives a single fuck about it anymore. Indeed, some people (especially those who bought and then sold too early) may feel a bit frustrated at the price surge, but the net effect (which is what ultimately counts) is obviously positive. If an asset is growing, it will attract more people, and I'm really curious why anyone could have any doubts about that