Bitcoin Forum

http://www.cnbc.com/2017/07/05/bitcoin-could-nearly-double-and-reach-5000-soon-says-standpoint-research.html

21 July is coming.

Based on the article there is nothing to disagree. Everything is taking place as the predictions and he has described about the market capital increase along with the firey spreading the cause for the price increase. Also he have mentionedthe goodness of the blockchain which is the one to change the world as in the past internet made a change.

A wishful noob whose opinion -for some reason- raised MSM attention.
That's all.
I thought BTC could reach $2k when I first bought, but CNBC didn't pay attention.

Yeah , I  already read about that and I also think that could not be true , the reason behind this is that the price is at stable because of news of the fear for launching of segwit2X ( reality is everyone knows about that , it is safe and nothing will get wrong ) .
But still.people are fearing much panic about the Bitcoin segwit2x so most of the newbies are selling Thier Bitcoin for the first and that is
Resulting into down of the price of the Bitcoin .
But still after the 10th August I don't think that the price will rise to 5000$ because to become double to the current price is a very tough job because it is already at high price but I don't think that it will take time more than the 5 years .

The article is pretty well written and the points are all pretty good.

$5000 will not be likely but rather inevitable due to the fact that there will only be 21 million bitcoins ever existing.

However i wouldn't say that it would happen this quickly. As we know there will be a fork happening in like 3 weeks time and it's hard to ttell right now what will happen. If a hard fork happens then maybe we'll see bitcoin go under $2000 even, though it's unlikely.

By the end of the year though, even if there is a hard fork there should be a decisive winner. So $5000 is a real possibility by then.

Is there a notice if the august will be only activate the SegWit for bitcoin? Are you forgetting about 2MB hardfork regarding from the result of the scaling agreement. All of the bitcoin holders gets uncertainty.
And all of your said that still a speculation about the future of bitcoin

I hate it when people from the mainstream whore Bitcoin like that. This is the first sentence in that story. "Stock research analyst Ronnie Moas said he bought bitcoin this weekend and thinks it could reach $5,000 within a year."

He then goes on with how great Bitcoin is using all the old arguments that we have already heard many times. That guy is shilling because he bought some.

In a way, we were all like that when we first bought into this technology. It might not have been for the same reason, because some of us were just exited to start something this revolutionary and disruptive. Other people might have done this to hype up the technology to increase their holdings, but for every positive article there are 3 to 4 negative articles. We need to embrace the people who wants to write something positive, because they are the ones keeping adoption growing. ^smile^

Didn't Goldman Sachs predict something similar? So two pretty big sources are currently all bullish on bitcoin even though Goldman Sachs is an investment bank and is probably pro-central banking. It should be proof to anyone that community support for bitcoin both speculators and users have grown so much over the past few years that calling the current price a bubble just like 2013 would be just inappropriate.

$5,000 in a few months isn't difficult to achieve at all. As we have seen the bitcoin price went from basically under $1000 to $2900 in max 2 months. I'd safely say that if more governments just like the Australian and Japanese governments are able to loosen their control over bitcoin then $5000 by the end of the year is extremely likely to happen.

Yes and talked specifically about Asia and Japan, the trend of adopting Bitcoin is lovely. I feel a bit energetic after watching this report. This will make me work regular to achieve my goal of the Bitcoin earnings. Thought I am at a very junior level in fact a beginner but I am hopeful I can do much better in this field. I am already involved in trading and beside trading I want to try my luck in the signature campaigns to increase my earnings and learning both. I am from Asia and glad to hear that Bitcoin is spreading in Asia. ;)

everything will become crystal clear by the start of August (hopefully!).
as the future of bitcoin will be determined by then and we can go in very different directions, some of them have lower chances of happening but still are possibilities.
for example we could even continue being stuck in the debate for another year and don't get anywhere about scaling solution.

Honestly I love to have many more "another" such predictions. It is going to happen for sure as bitcoin has enough reasons to have continuous bullish trends in coming years. Awaiting for segwit activation might be the currently blocking criteria for those bullish trends.

But I expected prices to touch $5000 before segwit activation with the support from few governments' regulations but unfortunately no governments are as quick as Japanese's ! They came up with removing consumption tax of 8%, but it was not failing to give big impacts due to segwit based confused situations

If we look at related articles from all over the world, then it's for sure that this so far has to be the most bullish period Bitcoin has ever experienced. For me it's just a normal thing as I have been an extreme bull from the very first moment I entered the Bitcoin world. I kept holding my coins through all the drama and dumps that we have experienced so far, and look where we stand right now. :)

drama and dumps? i love both of them. :D
they were annoying at first when i was still new to this world but after a while whenever i saw some FUD and a big dump i felt like a kid in candy-land getting free candy all day long...
we should change the name of FUD and dump to discount day really. although it is wise to sell before the FUD gets more serious but it is always so much wiser to buy after it at great discounts.

Yup! I agree if you learn how to manage your bitcoin you can not be afraid with the big dump and you can surely learn how to ride the wave of investing on bitcoin, I think you can surely learn more if you are trading with Altcoins and other stuff other that Cryptocurrencies, and some people are leaning how to read each movement of every alts that is why they are earning big with trades, well people are using the dump opportunity to buy more bitcoin and I think this is the right thing to do if you want to earn more.

Totally agree. These guys are far away from being experts in terms of Bitcoin or crypto currency. Hence I don't get why those type of guys get any attention here.
Forget about the MSM and what they have to say about Bitcoin. They will mostly write whatever they want. And predicting such prices is no big deal for the majority of us here who knows about the tech and it's potential.$5k however will only happen if SegWit will be activated, which it will by 99.9%, and of no slip happens! So there is still some points we have to keep in mind what could stall the further price development.

Msm will help.to get the word out. No one in my family, friends, have a clue about bitcoin. Once msm starts actively discussing the benefits, uses of bitcoin it will only help the uneducated learn of its potential and help new people to start buying

I think all your words were all certain and I have to agree on most points you you mentioned about alternative currencies. There is nothing to argue with this matter here and with bitcoin earnings through trading can be so profitable for a long term, and in order to achieve that idea you needed to learn how to hold and have patience no matter what. Dumping is good if you have plenty of funds and it served as you buffer in time of buying an alts in order to re invest again for a preparation of another pumps. That's it! Bitcoin will surely pumping again by 2017 and through the big help of altcoins, we can go far more of bitcoin economic system to achieve bigger goals.

I think the price can reach to $5000 in end 2017, after SegWit2x success and all crypto market recovery and growth look like as begin 2017 again, although the ratio just 50%

Well I know a bunch of developers who moved away from supporting Bitcoin in their Apps, because it has become too expensive and slow for micro

transactions. They wanted to use Bitcoin because it is the most widely supported network and the most secure currency, but it was simply impractical

to use it with the high miners fees and slow tx confirmations. They are saying that they are waiting to see what happens after the 1st of Aug and if it

is significantly faster and cheaper... they will rather switch back to supporting Bitcoin as a payment option. This might push up the demand for the

currency and increase the price.  ;D

Bitcoin will definitely top $4/5000 this year. By January 2018, there will be predictions of ten thousand and more.

Agreed, but this kind of get-rich-fast news create expectations that may not be fulfilled and does not create hodlers -exactly what we need to MBTCGA.

These predictions might seem crazy right now but really they aren't that hard to achieve.

Bitcoin as we all know basically tripled in price in the short time period of less than 3 months, and if we can pick up another bull run then who knows where we can end up. But i would say that it is unlikely considering that the current bull run has slowed down quite noticeably and i don't know whether or not we're going to break the $3,000 barrier, and this doubt is shared by a lot of holders which will affect the price negatively.

The thing is, if it goes to $5,000 i wouldn't be surprised if the same news source ended up saying that bitcoin is a bubble... It's all about the number of viewers an article attracts... Sigh

$5000 by the end of the year is definitely possible.

Though it will require the fork to go well, if the community gets divided any further on this issue then not only will the price plummet, support for bitcoin will also drop quite drastically. Especially if there was to be a chain split, that would probably drive the price down quite a bit.

If bitcoin stays whole then $5000 is pretty much well within reach, beacuse right now people are worried about the fork and yet price is still doing reasonable well. Just imagine the bull market we're going to have if the fork goes well, but that's a big IF.

I don't think that it's going to happen this year. Potentially in the next 4 years we could see the price double again but this year i think the momentum has already shifted into bear market mode. Asking for another doubling in price in just 6 months would be just too much to ask, imo.

Though, if it does get to $5000 i don't think it's a bubble. The majority of bitcoin users are choosing to hold onto their bitcoins, and there are infinitely many investors wanting to get into bitcoin. It's just a lot more demand with the same supply.

I agree a lot with this quote from their article, except maybe replace 6-12 months to 3-4 years:

Personally I agree with this, segwit activation is in my opinion the spark we need, for years there has been a debate about how to scale the network when we finally get one solution to the problem approved, a renewed faith in bitcoin will make investors to once again trust bitcoin over all the other cryptos.

For me, we need to wait and see what will the Segwit2x activation brings to the market. Some are very negative about it, but I still stay on the positive side of it. Yes, its bring fear and worries for most of us, but it the long run it will bring us a bitcoin to be mass adopted as its gonna solved the scaling issues that has been plaguing us for years. And a lot of investors will go to bitcoin again and we are going to see fresh cash flowing on the bitcoin ecosystem.

Those bastards. I believed in you. Did you want an e-hug?

Who is this random and why should I care what his opinion is? He invested a few hundred in the first cryptocurrencies he saw on coinmarketcap? Woop dee doo. Great research tactic. We all bitcoin is going to do well. What is he basing this off of though?

I am really happy to see all these predictions and i am expecting the price to go up and so does everyone but when would that be is the biggest question ,in the article the stock research analyst just purchased bitcoin recently and he is expecting the price to reach above $5000,so it is just speculation from his part and nothing more.

No, it wouldn't be so bullish this year as it was last year. Now Bitcoin is going through a crucial period and its future will decided in August. This year you can see bitcoin hopping between $2000-$2800.

It would not surprise me if he price tumbles between 2-3k for at least the end of the year.
Leaving bitcoin with a 160% increase in just 1 year which is amazing. When the scaling issues are solved or perhaps next year it may become bullish again.

I think the upcoming event for the new bitcoin is the decisive factor for the development of bitcoin. If it passes, there is nothing that can stop its development.

It is also the only difficulty here, and I am worried that bitcoin still has not found a common voice in the user community, and they always come up with conflicting opinions, which is risky.

Can you explain me how "it wouldn't be so bullish this year as it was last year"?
AFAIK and I remember last year (2016) BTC went from $424 in January to $981 by the end of December.
It's 231% in a whole year.

This year (2017) alone SO FAR TILL NOW BTC went from $981 to $2514 (right now on bitcoinaverage.com).
It's 256% growth in only 7 months.
Where are you taking your data from? In best scenario I'd say it's from your imagination, but I can imagine worst places.
Please don't come here writing wishful bullshit, bring us reality.

Ronnie Moas is notable Stock Researcher Analyst. He has made numerous different theories likewise in the past in view of his investigation and not every one of them but rather a large portion of them were correct. Numerous other individuals who are brokers, exchanging specialists, mineworkers and other individuals who are associated with bitcoin likewise have named same things by taking a gander at the insights from the past. 2017 has by for been the greatest year for bitcoin as bitcoin came to from 900 to 2500 USDs in only a half year, and on the off chance that it additionally going to twofold in future than we can expect 5,000 USDs before the finish of 2017.