Hi guys, what do you think of the rally for over the past week? our coin finally broke the 3000 threshold and it had a baby call BCC.
Do you think the rally will continue?
The price of Bitcoin is doing great but I think we'll have a pull back or correction at some point. The price won't just keep on going up endlessly. There will be some fluctuation in price eventually. Overall though, the price should make a gradual increase over time because Bitcoin seems to have become resilient to bad news. The increase after the fork proves that. Then again maybe it will. It has become increasingly clear that without any bad news a bitcoin pump will keep going. Who would dump without a reason? As more and more want in on this fewer and fewer are willing to sell. If the avg bitcoin holder truly believes (as they should) that the crypto market is heading towards 1 trillion, why wouldn't it keep rising without a major dump towards the next halving? |
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One thing has become clear to me since I first saw btc December 2013;
Not once was selling btc a good idea for me, not a single time - ever. Of course, I don't have mad skillz trading. Here we are 8 years onto this thing and the same thing can be said - it will always go higher than where you sold.
So, all I can conclude is hold what you have and buy when you can and leave the selling to the traders who know what they are doing. Hint - not too many know what they are doing.
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Bitcoin is crypto 1.0, Ethereum is crypto 2.0, Tezos is crypto 3.0. Hold your Tezos and with for your millions $$$
Well said, Tezos is like mixture of bitcoin+etherum+more changes like bugs fixed and we have best coin in market regarding the price, we have to wait for that.. weak hands will come out in first instance and patience will get benefit of that What do you mean it is like a mixture of btc and eth - how is it like bitcoin? |
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Not sure I put much stake in Draper's picks, he was a bit off on Bancor as an investment now wasn't he? even if bnc pumps in a year buying the ico was a really flippin horrible decision.
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the trend is pretty clear ... whenever killerpotleaf (adam) and jbreher (bear) show up here to spread more HARD-FORK-NOW! FUD and stir up the natives then price is going to drop.
pretty sure they are both on WuVer's payroll ... he throws them a few bitcoins to spread FUD whenever they get the word.
If the market is so fragile that a few fudders can make the price go down, it's probably going to come down on it's own eventually. Donchathink? |
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Who sold at the bottom?
Noone, it's obvious we all BOUGHT at the bottom... or do you think the price rises by itself? geez... In every transaction there's a buyer and a seller. For every coin bought at a bargain price during a dip, someone sold at a discount, whether it was from necessity or panic. Most of the time the buyer is the exchange, not some dude like you who has a crystal ball. |
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Roach, you went from the biggest bitcoin shil to the biggest troll. It's really obvious you shorted, hope it wasn't on margin.  |
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Bitcoin is the ultimate test of patience. Those without patience will lose or get lucky and break even. Those blessed with patience will become rich.
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2 reasons:
1. You have made a f-ton (like a million) and want to cash out half.
2. You are desperate.
otherwise hold.
Look at the bit chart on bitcoinwisdom. There is not a single day up until May of this year that it wasn't a terrible idea to sell. NOT A SINGLE DAY. Unless you think bitcoin could be dead from here, it makes no sense to sell. If you have mad skilz at trading then go for it.
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I don't get it, he bought at $70 and just now has enough to buy a boat? did he just throw a couple hundred at it? is so this story is more sad than happy. In any case, hold
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i don't quite understand how we end up with 2 coins in the event of a hardfork. Will our current core wallets somehow have both coins? how would we access both of them?  Anyway I thought it was pretty much decided that there will only be a softfork (segwit) why so much talk about the bcc coin possibility? Also, if segwit is activated will we need to run a new wallet, update our current one or do nothing? |
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You are wasting your time if you wait for the majority of answers from this forum, why not study the market of bitcoin, it's really obvious that the price is getting higher and higher as days goes by...if I were you I will start investing now and invest more later so you can harvest a good profit...don't wait for the time that you will regret not putting your money ahead of time..
Pretty much. The time for wondering if a bitcoin price rise is a fluke, or whether it may dump to nothing, is pretty much over. |
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If this question was asked on any date between 2009 and May 2017 the answer would be NOW AND LATER. So, what do you think?
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Good to see such positivism here. Even if it's different than 2013 rally we are sure that Bitcoin will make new highs. In the long term everybody win some. Maybe next year, maybe 5 years later, one thing is for sure: We'll see $10k.
What on earth is there not to be positive about? I am still blown away by the burst from the last year and a half. Not everybody wins in a bull market, bears and many day traders get decimated. |
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Bitcoin is famous for winter rallies, we can see 10.000 USD in November. I see some similarities about this rise and 2013 rise. If things go well there's no reason for dump, Bitcoin could go 10k easily with another rally. Though it needs to pass 3k strength first.
Bitcoin has changed considerably in many aspects since 2013 and, thus, I don't think it is a good reference. Same, I think, Bitcoin is still too young to draw any reasonable conclusions regarding seasonals. Having said all that, I do see a next spike, coming as soon as the next month, as quite probable. But I don't think we will pass the $3500 mark that easily. As soon as we cross $3k we are in the uncharted territory and it is extremely difficult to make any educated guess what will happen there. If this market was similar to the 2013 market we would have dumped back to $600 by now instead of near the ath. Confidence in the long term is on a much higher level than then. People pretty much get that the next halving is going to make the price go way up, and there are a hell of a lot more big players invested now. I think we see $10k next year. |
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For me we 10,000 dollars in the after few years or 2-3 years because as of now the price of bitcoin is veryhigh and still continue and i believe before end of this year2017 the price of bitcoin maybe around 5000 dollars and the price of bitcoin in the year of 2018 will be 6000-8000 dollars and in the years of 2020 maybe around 8000-10000 dollars and for sure if that happen many people become instant millionaire because they earn a lot of profit.
Price went up 4x from 3 years ago, but that was a deflated coin suffering from Mt Cocks fiasco and China bans. You reallly think the next 3 years will see this same growth? I do not believe that growth will be as strong in the years to come. Bitcoin has already made a leap over the past year. And now the growth of its price is unlikely to be as rapid. If bitcoin reaches such a large price, it will happen in 50 years The market cap is tiny. The average person still has either never heard of it or doesn't have a clue what it is even if they have heard the word. I think your opinion is way off. |
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Bitcoin is the reserve currency and gateway to the alts, it is more than a "hedge".
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For me we 10,000 dollars in the after few years or 2-3 years because as of now the price of bitcoin is veryhigh and still continue and i believe before end of this year2017 the price of bitcoin maybe around 5000 dollars and the price of bitcoin in the year of 2018 will be 6000-8000 dollars and in the years of 2020 maybe around 8000-10000 dollars and for sure if that happen many people become instant millionaire because they earn a lot of profit.
Price went up 4x from 3 years ago, but that was a deflated coin suffering from Mt Cocks fiasco and China bans. You reallly think the next 3 years will see this same growth? Of course it can, whether or not it will is a different question. However, with the influx of new people into the crypto-markets the rates of adoption increase. The more people come in, the more people will come in during the next run. Cryptos are in a stage of exponential growth which could potentially sustain itself up to a point where finances in general are run through the blockchain. Cryptos are a far more efficient way of equity participation, so it's not completely unreasonable to believe that stock markets could one day be replaced by this technology. In a more pessimistic scenario crypto-markets would be sponging up Paypal/Visa/Mastercard shares of financial transactions, which would still be massive. In either case, I personally expect a market in the trillions within a few decades. That does not mean that buying a Bitcoin will make you rich though, since it could always be replaced by a better coin if BTC doesn't scale fast enough to cope with increases in demand. I think the next 3 years will see bigger growth than the last 3 years. I wouldn't eat my dick if I was wrong, but I'm pretty sure it will be more than $10k in 3 years. It took a hell of a lot of time to recover from those problems, there are no pressing problems only good forecast as of now. |
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For me we 10,000 dollars in the after few years or 2-3 years because as of now the price of bitcoin is veryhigh and still continue and i believe before end of this year2017 the price of bitcoin maybe around 5000 dollars and the price of bitcoin in the year of 2018 will be 6000-8000 dollars and in the years of 2020 maybe around 8000-10000 dollars and for sure if that happen many people become instant millionaire because they earn a lot of profit.
Price went up 4x from 3 years ago, but that was a deflated coin suffering from Mt Cocks fiasco and China bans. You reallly think the next 3 years will see this same growth? |
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If it hadn't been for the Gox fiasco and the China ban back in '13/'14 I wonder how high it would have gone? if nothing horrible happens now, will it just keep rising? or will there be an inevitable dump and bear market again before the next big leg up?
Probably a stupid question, nobody has a crystal ball.
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