Bitcoin Forum

My this question is especially for professional traders here on bitcointalk do any of you thinks that our beloved Bitcoin will ever be able to reach the goal of 4800 Usd/btc again?
Personally, i think it might happen but can't say for sure.
Looking forward to hearing the thoughts of everyone.

I think yes,Bitcoin has always been like that.The price goes down for a short period and skyrocket again.The problem causing this,is the current panic at China.As soon as the problem get solved,bitcoin will recover again.

However I still have faith on bitcoin and even if I lost alot with the current dump,I'm still holding it for the best and the worst.

Yes, it will recover for sure we have to wait for the situation to get resolved. Seen slighter improvement in the price of Bitcoin within last half an hour.

I'd think the magic 8 ball would answer: "Outlook good"

We've seen a lot of ATH's this year and I'd hope we'll see another.

I think yes, Bitcoin has always raises after falls

Definitely, bitcoin will bounce back from the current decline which is as a result of crypto currency activities that was ban by the government of China. The decline create an avenue for people that has money to buy at the cheaper rate and sell when its value raise. Am optimistic that bitcoin market value will reach $7,000 before end of this year.

What do you mean if it will rise again? The production of bitcoins is continuous and also the interest in bitcoin is rising... isnt it obvious that will continue to rise? The chinese own a lot of bitcoins but not enough to take the price too low.

Even not as a trader, we have reasons to believe that it will paseed $4,800 again or even more. We can't say that bitcoin price will not reached that price again if only the basis is the price decrease today due to some FUD and China's concerns. Just give it some time and a little bit of rest.

Now that the hopes of some people that bitcoin should be lowered in order for them to get in, they should act now before going in a regret again once the price rose again.

Absolutely. $4800 is barely the beginning

yep and it might reach the value of 5000$, the prediction about bitcoin is very erratic and we cant stay to an one sided value because the law of supply and demand really affect this.

Bitcoin was amazing not predictable :)