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The bitcoin might replace many other currencies, but it will not replace dollar soon, US dollar is endorsed by nuclear weapons.
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I won't sell anything lower than $1200
I will do the same. If the price reaches $1200 next months, I will sell. But if it reaches $1200 in a year, I will not sell. It all depends on the price. If the price is too high, there will be big dump later, so it is better to sell soon. today could be a good time to sell, but if you want to get more, just be patient to near halving. because I thought this time would not be a big dump until near halving The price is just $680 today, I think if the price is $2000 in a month, I will sell. Otherwise, I will keep the coins. this time the price has increased more than $700. it was impossible to reach $2k in a month. I think $1200 peak of this year I agree with that. It is better for the bitcoin price to rise sustainablely. If it is too fast, it will also drop fast. |
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I think the Chinese are making the bitcoin price. The price rose a lot today and it started in China again.
i think the FOMO is making the price. it is currently at $631. back on May 26 - just a few days ago - it was $450 ie up 40% . When it goes up at that sort of rate it is because the whales have got the ball rolling and now everyone else feels the need to rush in. the willy bot got the ball rolling back in the mt gox days but it was the FOMO that took it to $1000. Yeah, the halving event hype make people think that they can profit if they will do a huge amount of panic buy before event. But this might just be a bubble too because many people is thinking of selling what they bought after halving, so it will dump the coin's value. Its really help if they are huge buying bitcoins right now and we will see the price will increase bitcoin right now is indemand thats why the price is increase even block halving is too far.. but some people are satisfied what prices today and selling some of their bitcoin so that they can still make few profit.. and the bitcoin price will reduce. did you notice the price today its reduce a little bit i think few usd but more people are still believe and buying thats why the price today is increase again.. This is always depends of supply and demand. if we all people are not selling their bitcoin and buying bitcoin just holding it.. we don't not see price increase it will stable or instead it will reduce because of the miners increase the amount of bitcoin all whole world.. I just want the slow buying of the bitcoin. I just need the price to rise 10% a month. If it is too high, it will drop. |
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I won't sell anything lower than $1200
I will do the same. If the price reaches $1200 next months, I will sell. But if it reaches $1200 in a year, I will not sell. It all depends on the price. If the price is too high, there will be big dump later, so it is better to sell soon. today could be a good time to sell, but if you want to get more, just be patient to near halving. because I thought this time would not be a big dump until near halving The price is just $680 today, I think if the price is $2000 in a month, I will sell. Otherwise, I will keep the coins. |
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Bit pump has not started. But I believe the price will rise slowly to $500 around the halving time.
The big pump has started. The price is $515 in a few exchanges. That is more than 10% higher than a week ago. still not big pump small pump maybe, but it's still small Small pump is good for the long term stable price. The big pump in 2013 caused three years of bear market. steady increase is better than any pump, bitcoin is increasing slowly, this is good that's not how adoption works. Slow growth is not sustainable, nor is it desirable. Facebook didn't need 50 years to grow from 1 million users to 4 billion users. Bitcoin won't need to either. If it goes too slow, bitcoin will die. And as the amount of users increases exponentially, the price needs to increase exponentially as well. Sure, it will be volatile, but that doesn't matter, that's just the way it is. And once we reach saturation, only then we can be stable. This is just not the time for stability. You can already see now that the value of Bitcoin is becoming higher so that is really nice, but of course you dont even know what will happen later in the future. And that is the problem but people with Bitcoin already are now holding it until they can sell it with a lot of profit. I would like to hold the bitcoin for a few more months at least. If the price rise to $2000 in 6 months, I will sell. $2000 is just 3 times of present value. It might be not overvalued. When the price is $10,000, it is time to sell. |
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The bitcoin price is $640 now. It has rise more than 7% in the last 24 hours. It is too fast, should be slower.
One day later, the price is already over $680. It is rising too fast. I think the price should have some corrections. |
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i think that 500 will be just the beginning and we will see way higher prices pretty soon
That is right. The price is $689 in some exchanges now. The Chinese got lot of money to buy the bitcoin. |
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soon or later it will back to $300-400, hopefully the money will flow into altcoins.
I think the price of bitcoin will never go to $300 again. It might go to $400 again, but will be very briefly. I agree with that. The bitcoin has very community support, the price of bitcoin is not overvalued at present. |
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If the bitcoin price doubles every year for the next 20 years, people will want the bitcoin and it will replace fiat.
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I think the Chinese are making the bitcoin price. The price rose a lot today and it started in China again.
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Bitcoin now never fall below 300$
probably what you say is right until halving comes but after halving comes i'm not sure with what you say maybe price might goes down to below $300 like before. $300 is the history for the bitcoin price. After the halving, the mining cost for each bitcoin is around $500. |
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The Ethereu m price is inching upwards. It is $14.7 now. That is almost a new all time high, very strong.
Anybody knows the reason why the bitcoin price is so strong and so stable? It is unusual for an altcoin. |
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There is actual too much money already invested in Ethereum, why should it drop back to 1 USD? I would rather see a strong 10 USD barrier. The DAO will create a lot of down pressure for the next months.
The people who invested in the Ethereum will want the Ethereu to succeed. They will support the development. I invest in Ethereum indirectly. I mine the Ethereum. I have spend some money in the mining equipment. So I want it to succeed. I do the same. But I also sell some Ethereum to buy the bitcoin. I think the bitcoin could be more safe. |
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You already can see now that Bitcoin is getting more worth and that is really nice for people that already is waiting for a price increase and maybe can earn some more profit.
But of course it will be really hard to know what will happen with Bitcoin in the future but there is a chance that we can sell it later in the future.
The profit taking will not make the price of bitcoin to drop below $400. I think the price will be over $500 forever. |
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Honestly we are self making the price also, the fact is that its based on buying and selling like any other investing if you ask me.
You are right about that and I think that its gonna rise more and more this year due to the publicity. We ourselves can also let the bitcoin rise again! There are more media exposure now about the bitcoin. And most of the exposure are positive about bitcoin. |
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You can already see now that the value of Bitcoin is rising slowly and that is because the halving is coming towards to us and the value was also a long time stable.
And maybe we can sell it later with some huge profit but you are not for sure of course.
The halving could be a very good stimulator for the bitcoin price. In a few months, the SegWit will also come out. |
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I won't sell anything lower than $1200
I will do the same. If the price reaches $1200 next months, I will sell. But if it reaches $1200 in a year, I will not sell. |
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Bitcoin will become the "gold" of the internet while Litecoin will become the "silver." With Bitcoin trading above $3000.
Sad part, there will be a lot of unclaimed Bitcoin by that time.
Just my thoughts.
If you think that because of bitcoin is more popular, so Bitcoin is a in number one and i don't know what is the number of Litecoin, because now and after 20 years, i like only bitcoins, so we think that Bitcoin is a gold,and litecoin is a sliver, so it is right. The litecoin will not be a sliver. If the bitcoin is the gold, 0.1 bitcoin is the silver. That is because the bitcoin is divisable. |
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This is a very interesting topic, unfortunately there are much low-quality posts.
The reason for existing a "unanimous" price across exchanges is in fact the result of arbitrage, but not only.
But why does the price move? Why does there even exist a price for a digital "good" like Bitcoin? That's the interesting question.
There are many influences:
- The prices in the past. People get a "feeling" where the price "should be" when they see the current or past price movements. That's the same thing like when you say, "a coffee must cost 2 dollars". (more precisely, "a dollar is half of a coffee")
- Future expectations. Many people hope that Bitcoin will be worth more, so they think the price could go up and buy when they see a "good opportunity". That drives the price up. Similarly, "bears" can drive the price down. The balance between these two forces is determined by the "sentiment" - it can be positive or negative.
- Large market participants. That's what some are referring as "the cartel". I don't think there is ONE cartel, but there are definiely large players that try to influence the price with their own buys and sells.
- Real world usage. The more participants the Bitcoin community has, the higher the price.
- Speculation and technical analysis. Speculators try to find patterns and react to it, driving the price up or down.
- Newly generated supply from miners. The significance is low (mined coins make up about 1 to 3 % of all sold coins), but it exists.
These are only a few factors, but I think they're the most important.The problem is that it's difficult to predict how they work together. So there is no "safe" way of guessing the "right price" or a "price trend", but you can make estimations mainly based on the "sentiment".
remenber MT Gox's Willy bot  fake transactions, fake volume. MTgox had over 75% from market at that time; China has over 90% at this time But we all know the Chinese market volume is fake. So the bitcoin price will not be affected by it any more. |
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I am not seeing any sight of the Bitcoin price going to back to $400. The price is now moving up to $600 and I predict that we are going to reach that target with in two weeks because the price is rising pretty fast.
There is not catalyst or bad news to drive the bitcoin price to go below $500 at the momnet. All bad news is out. |
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