Bitcoin Forum

Seems that bitcointalk is turning bearish another time, like there are some psychological resistance when btc come near the 10- 100 -1000 -10000 -100000 usd milestones.

Fortunately, bitcoin is just an honey badger, he will eat this reptilian thinking without giving a fuck.

I claim 5 digits soon.

I agree with you that there is psychological resistance whenever bitcoin reaches some major price. Honestly, we've been seeing this for such a while that it doesn't even make me blink anymore. Bitcoin will continue to do well as long as others keep supporting it. Furthermore, all that matters right now is that we see some support for bitcoin as a currency so that there is no need for it to compete with fiat. I hope to see it on the same level as fiat soon.

I am just wondering if there will be a 10k selloff or if it will eat straight through it, unlike sub 5k levels, BTC has become a lot more tame - slow but steady

I doubt that there will be a selloff at 10k. People now have been predicting prices that go past 50k, all kinds of people have stated that bitcoin will hit 100k. Because of this, I think there is inspiration for people to continue buying or holding even at 10k. With that in mind, it's much more likely that we'll see a continuous steady growth rather than a drop off at 10k.

It will happen, but it's not a problem if it takes longer than most people here expect it to happen. Seriously, we have gone up so much already this year, that we can't expect much more from the market than what we already have.

At this point we're up +700% and the year isn't even over, and yet people aren't satisfied. It's likely that they have entered the market close to current levels, which would explain why they can't get satisfied.

It's always tricky to enter at near peak levels, even with how bullish the current sentiment is. People should never forget that as easily as the market rockets up, in the same manner it may end up falling down.

The price might fall a little after it reaches 10000. But I think it will rise again very soon and will start to rise gradually. This is what we experienced after any price fall in past months. Remember what happened after cancellation of Segwit2x. Price dropped but it started to rise very fast.

Hopefully not much longer before we see what will happen :)



It's because it is not 2011 anymore and you have 2 well capped currencies that are trying to bite BTC's ass. Far away for now, but we can't afford a 50% dip anymore, BTC needs to have enough critical mass to blow them out of the world

Yeap, probably people ambition will let BTC hit the 10K barrier soon.

You're not the first and definitely won't be the last who predicts this. BTC is still in its infancy. Many predicted that we'd hit the $10k mark by the end of 2017 and almost certainly by the end of the first quarter in 2018.
 

You cant have a move without corrections. Even if bitcoin drops to like 5k, so what? Thats still 5k! 3k? Thats still 3k money, 1k? So? Buy back.

You better buy back bch at that point because its easy to tell who will rise with the 5k BTC lost...

It will be in 5 digit soon. Heard a lot of speculation and read news about it. Lots of statements from big traders said that it will hit $10,000 before this year end.
This statement of most big traders with a name in the industry will influence bitcoin investors and will affect the bitcoin price also soon. Good luck to all bitcoin lover.

It is not only the bitcointalk but the whole BTC community (including the traders) turn bearish when we are hitting these so-called psychological resistance. These resistances are here for the obvious reason and that is to serve as a gate before BTC surpasses it. Most of the time, people will set their sell orders in these resistances putting a stop on BTC's run for a while. I must say that this is very important if we want to see our beloved coin to soar higher. Again, these are just "psychological" can be overcome if the community changes its state of mind regarding that specific price.

There is really a psychological resistance when it comes to that numbers. Even in 5,000, we have seen a psychological resistance months ago when there are many people who thought its already the end of bitcoin because of all the fear, uncertainty, and doubt spreading so before reaching 10,000, some people would sell thus a correction again. Though many are still doubtful about it, those who are already in the community are still positive that bitcoin would go further more this year reaching five digits which is not impossible when it comes to the unpredictable bitcoin. If however it will not reach the five digits this year, most likely majority would still be happy with their portfolio gains this year.

If prices go back to 3k level then buy at that low price you will benefit more later on from that investment. Bitcoin looks very strong for long-term investments.

When I entered the cryptocurrency scene the Bitcoin's price was $600+ each coin and I was shocked before because seeing a digital currency that has a value of that and it was only on October of last year and after 3 months of doing Bitcoin stuffs it reaches the $1000 and I feel happy that time because I have a good amount of Bitcoin holdings then after 4 months it reaches the $1,500 so it took almost 120 days to get that $500 increase but today it almost taking only a month or so to increase $1,000.

Many people now thinks that the price of Bitcoin is appreciating overtime so they keep on holding just like me. 5 digits of the Bitcoin price will be in the future if this trend in the market of it will still continue this kind of things.

but those milestones have been there since the beggining of bitcoin, there is nothing new with this.
When bitcoin was $100 and it suddenly was $200, everybody was saying that it was going to be the end of bitcoin, and everybody thought that it was a new milestone because it was like a "round number"
The same happened when it touched five hundred dollars, it took more than one year to achieve that price, but it did.

I think that we are going to hit the five digits soon, but a huge sell wall is going to came after we touch that price, so it would be difficult to stay in there with a stable price.

I'm predict the price of bitcoin will hit 5 digits in the end of the year. December will be another big month for bitcoins


Nah i don't think so, even if the bitcoin price fall really hard, it will never back to $3,000 again. The lowest is $4,000 i think. So many people holding their bitcoins right now, so i don't think the price will fall anytime soon.

i don't think this time the resistance for $10,000 is as big as the previous big resistance we saw at $1000. it will be a lot less because the first one at $1000 was a little different due to the fact that it has happened before back in 2013 and everyone was secretly thinking that is it. the end of the line. that automatically created some sell off there.

i also remember all the ridiculous technical analysis back at that time saying this second $1000 this year is forming a "head and shoulders" pattern!

Go with that 5 digit, bring it on. Show them what we've got with bitcoin, things are getting according to everyone's expectation. Once bitcoin hits 5 digit very soon this will be the time that too many whales will cash out too and will do the same cycle of waiting again for the dip and will buy back again. This is now the cycle that keeps on happening with the bitcoin society, they are the ones that taking advantage with this pump.

10k is a barrier in the logarithm sense, and 5k is just another another number that isn't much different from 2k or 9k. A selloff or great resistance near 10k is more likely, but of course others things may have more influence and make the 10k barrier be crossed fast

I totally agree with it. 5 digit pricing is just around the corner. They can send FUD all year long and still Bitcoin will remain supreme. Hoping for an unexpected pricing by December.

I think the goal target should turn into 6 digits. Let's make it 1000000

With such a steady growth, it is generally unclear what will be his limit and how it will end and how in principle it will affect other coins if they are really ignored. In general, while everything is ghostly and a bit interesting.

iam same youre prediction, ussualy in end year bitcoin price incraese, maybe can reach 10k dollar
if bitcoin down price until reach 3k dollar i think much people can crazy, because lost much money

wow, we should think first and help the value to grow up to 6 digits then we think about that possibility to happen, bitcoin really showing a big value
and for sure a lots of business minded people are aiming to join and help this system to reach 6 digits, will be happy to consider adding more investment
to have a good numbers of profits after.

No one able predict for sure but the fact is bitcoin keep increase from time to time !
It means that more people interest on this digital value although they still have the risk ( volatile )

So my suggestion, just hold your bitcoin and be a miracle of 5 digit may with you !

Well I guess if the price continues to gain or increase into 10,000 US dollars then it's possible that in 1 to 3 years that price of bitcoin will reached to 100,000 US dollars for as long people continually supports the claim of bitcoin as one of the future currency in this world today and bitcoin avoid the hindrances like government rules and regulation which can restrict the use bitcoin but as long as the concept why bitcoin was established will standstill
bitcoin development will upwards.

Yes. It looks like their is a huge psychological resistance after reaching its peak above $8000. And seems to be bearish however, I haven't seen any dumping yet. Maybe its just been saturated or no new investors coming or maybe everyone is on the waiting game. But any wall that has been put through was broken and its just a matter of time before we can see another bullish run pushing the price to 5 digits. For me to get into that much sought 5 digits, we need a fresh and positive news to fill between now and $10000 barrier.

Yeah ! At this stage , it is not very difficult to get five digits . But that might not happen very soon . Bitcoin has already proved and flourished enough this year . ending off this year with a maximum of $8500 would be fair . Getting too fast to in the race can make you slow down furthur that is why it is needed to relax for some time now . Already , many analytics are calling bitcoin as a bubble , this would furthur prove this right if bitcoin suddenly goes upto $10000 . In the time to come it is definitely going to be a five digit but i hope that time don't too soon or too far .                                                               

To overcome the barrier of 5 digits will not be difficult. The community is ready for this. Now a period of stability. It seems to me that bitcoin will reach in small steps prices $ 9,300 and then drop to 7300 dollars. After that will be a start and UPS and we will see the figure of $ 10,000. Only this, nothing will change. Will only change our guidelines.

This also happened before when the price was at the $7,000 level bitcoin barely made it to $7,500 per coin but it reached the $8,000 after the BCH failed attempt. 5 digits is still possible to reach before the year ends but no one knows.

Round numbers (7500, 8000, 10000...) are always a barrier beause I think some traders decide they'll sell at this value, and naturally you define an order with a round number instead of a random value. If I was trading often, I would buy at, for example, 8000, and put an order to sell at 9000.

5 digits ? Bitcoin already achieved that point in some exchanges,
it's just people do not know about it yet and they're focusing too much their attention to international exchanges,
while there're a place that you can find it in that range,
also so what if we're seeing people in this forum become another bear ? i do not think to much about it.
because i only believe the opposite from what people says,
there're a lot of speculation that will happen with Bitcoin in upcoming days and even if it goes down i do not really care.
Bitcoin still has a lot of room to grow and it's not its real value or yet to be determined.
technology and modernization are our future,i believe Bitcoin will be a bridge for us to connect it all.

Wow, I have never thought of it this way. It sounds simplistic, but makes perfect sense. A perfectly plausible explanation in my opinion.

I still hope bitcoin price will definitely still rise its price. It is really hard to rely on bitcoin but as long know bitcoin is safe to invest and hold at this time, it is not a problem for it to hold for a long time. 5 digits soon is possible. Hoping that I can also can earn my 1btc someday. It is really hard to earn it right now because of its expensive price but still holding bitcoin is my thing.

From what I can see bitcoin has a tendency to touch one of those barriers and then a sell off happens but the second time it reaches that limit it tends to stay there for longer, so it is possible we get a sell off the first time we touch 10k but not the second time.

I’m open to it but does the community ready for a 5 digit bitcoin price,, hopefully..  The resistance comes from the split supports on bitcoincash this past few weeks and that is understandable for having massive FUD circling after miners and exchanges pullout from a cancellation of Segwit2x.. Its a continuous events that makes it confusing for the investors to see the bitcoin price beyond 10000$ but I’m sure it will soon be coming as it is silent around..

became a bit annoying, good times when the price dropped a lot and I bought and the price increased and I sold, now that we have no more drama, my business is ruined.


has price forecasts much higher than $10.000

Bitcoin $400,000 Says Investing Guru Mark Yusko
 (https://cointelegraph.com/news/bitcoin-400000-says-investing-guru-mark-yusko)


" The Chicago Mercantile Exchange (CME) has announced it will add Bitcoin futures trading in the fourth quarter of 2017. Bitcoin price almost instantaneously jumped on the news, reaching all-time highs over $7,500.

However, the cancellation of SegWit2x has led to a sudden slump in the price, and would-be investors have been scared away from previous high priced predictions. However, Mark Yusko, founder and CEO of Morgan Creek Capital Management ($3.7 bln in assets under management) has not shied away from making predictions, suggesting that Bitcoin will eventually be worth $400,000.

The investing guru first bought into the cryptocurrency scene in 2011 but regrets not purchasing more. He was clear about the future, however, in spite of the lack of support among institutional bankers. He noted:

"This will change the supply and demand equation for banking. It is that big. I'm not surprised at all that bankers, financiers and Saudi Princes are coming out against it. This is a truly disruptive technology.”

Yusko compared Blockchain and Bitcoin to the Internet thirty years ago, noting that it has the same capacity to ‘change everything.’ His lofty prediction is for the long term of the cryptocurrency. "

we'll see $10,000 soon

I also joined you to "claim 5 digits soon" it see there is going to be a little corrections before the next push. Many of us that has been following bitcoin price could really testified to op point of view and I think  $10,000 is closed to us than when we were at $5,000. I think we would achieve $10,000 before end of this year and it might be next week or first week of December.

Yeah i think by the end of the year it'll be evident that all the people who trusted bitcoin to go to 5 digits or more will be rewarded greatly. Even if you don't believe in the concept of bitcoin, it's evident that markets are so just going to continue to soar above and beyond current heights without a doubt.

People have said before as well, BTC could hit something like $20k, even.

The limits are endless for long term BTC, and personally i'm going to definitely be a holder in the long term.

10k is a barrier in more ways than one, that would be the first time bitcoin will have 5 digits in its price since 6 digits is so far away this will be the last of a series of milestones that bitcoin has conquered in this year, some of the milestones passed very quickly and there was not time to reflect about what it meant but it is going to be different if we surpass 10k.

I am definitely joining your belief. For me 10 000$ by the end of the year is perfectly possible. It would just need a 500$ increase, which, in a bit more than a month, is perfectly doable.

The price of the bitcoin today is already 4 digit and I think maybe this week the price become 5 digit. So if you have extra money in your wallet right now you can invest to bitcoin and for sure you will earn some profit once bitcoin reach 5 digit.  Those people have bitcoin in their wallet right now it's better to hold your bitcoin because if you sell it now you lose some profit.