Bitcoin Forum

The Bitcoin price has already surpassed its historical maximum and confidently goes higher.

The year 2017 began with a sharp rise of the Bitcoin price to $1,000. Experts expected the price to go further, while experienced users who had already faced losses because of the Mt.Gox collapse and Bitfinex security breach were unwilling to express that confidence. However, Bitcoin moves further.

You can read the full article and take part in the discussion here: https://coinidol.com/bitcoin-price-going-to-2k/

Generally speaking, the forecasts are ungrateful but we can tell by today's statistics of growth we can expect until the end of 2017 for one Bitcoin for 2000 dollars, but maybe even this figure is not the limit.

I think $2000 can be reach even before the 3rd quarter of this year if this things keep going as it is .  There are lots of hype in the market specially the incoming review plus the Japan friendly actions towards Bitcoin.  Now India is thinking of recognizing Bitcoin too.  It is a Bull taking charge now.

Reaching $2000 is one thing, maintaining that level for a longer period of time is completely different. Regardless of all the positive aspects that contribute towards current levels, it's important that at this point a so called shake-out has to kick in. I explicitly mention shake-out because it's utterly important to make coins from weak handed people flow into stronger hands. It may sound harsh, but the sooner this happens, the sooner we can move forward, but with less obstacles to worry about.

A shake out is not a one time event; it is a periodic event. Strong hands at $700 may turn weak at $1700 and cash out.
As we go higher and higher, newer set of investors might come in.

Its look like that whatever those so called experts predict on the price of bitcoin of in the future, there is only 1 certain fact, bitcoin price will really go to the moon in the next 3 years. Japan is going crazy about bitcoin, a lot of exchanges soon to open in that country as well as  a lot of merchants has been putting a sign "bitcoin accepted here". So I won't go against those experts in predicting the price of bitcoin. Of course we may experienced a few price correction, shakes-out and other factors that may influence the price of bitcoin. But its really hard to stop this kind of revolution that will continue to the future specially in 2020(next halving).

So, I've been in this arena for a while and this reminds me of the last exponential curve rally we had a long time ago.

I dusted off my Estimated Exponential Value model and punched in some numbers to see where we might go if we adhere to such a curve.

Interestingly enough, its saying $2,000 by May 24th, at current rates of ascent. Maybe add in some fudge factor for intermediate greed/panic retraces I suppose.

Investors have no reason to dump large amount of their BTC because most of trading exchanges limit withdrawals I think