I think there would be a possibility for bitcoin to be valued at 1 million usd, however at that time, the buying power of the petrodollar might be so low, that bitcoin is already replacing all fiat to become world currency. I think there world then, already had experience a financial crisis, if we look at what's happening rigth now to zimbabwe, bitcoin is cosidered millions in their fiat, simply because their fiat had lost its buying power, i think that will be the scenario, if bitcoin is valued to 1 million usd, right now it might sound ridiculous, but if you check on other other countries aside from the us, you will say it is plausible, and soon it might be a reality.

I think we should verify this news first, since we are speaking of china here, it seems that this news is all of a sudden, after they had banned bitcoin. We should first do our own investigation, before we come up with our conclusions, if this news id fake, still it is ok for the rest of us, since we already learned to live without china suppotting bitcoin,but if it is true, then the chinese might just be playing tricks with us, and its people, since.it is because.of them that bitcoin took a dip, if they finally found some ways on how they can regulate cryptocurrencies, i think bitcoin will be back in china, and they should introduce it to other countries as well, so that they will not have the same problem china had encountered. Still we mist.clarify if this.is fake news or not, since a lot of fake news is still coming out of china.

You should keep on buying, since the price is still below 100000 usd, the price right now, as long as it is still below 100000 usd, is considered low, since bitcoin in time will be valued at 100000 usd, and many of us, might not afford to buy 1 bitcoin at that price, since as of now the price below 5000 usd, we are already having a hard time to afford 1 bitcoin,. There is also a good chance that if you buy now, you will have a great profit gain in return if you tend to hold it for some time, since the value of bitcoin keeps going up, even with some negativity around. We should invest bitcoin for the term, and it is up to you, if you would like to sell your bitcoin right now, just take risk, and be responsible for your investments.

Is there any confirmation with this news? First of all, china doesn't own all mining companies in the world, and we are now used to this situation, that is, china is out of the picture, if they really do not have any trust in bitcoin, let us just, let them live with it, if they would illegalize mining, it will just be on their country, not around the world, and this time, there will be no effect on the price bitcoin if they do so, since the chinese investors already sold out there bitcoins, this is because of the banning of exchange and bannin of bitcoin. I think we should also recognize other countries that have miners, they are still mining and earning profit, we should just not mainly focus on china, they do not control bitcoin.

We are not in a bull trap, the price is really going up, there are a lot of support coming for bitcoin, this might be a new breakthrough for bitcoin, a new record. I think with all the positive news around, bitcoin will be accepted by a lot of people, and though there would be still some negativity around, we could not suppress the growth of bitcoin, if we check the history of bitcoin, its volatility is always a good thing, everytime there is a dip, it always bounces back, if it is a bull trap, and soon will fall, the best plan to do is, to do cost averaging. Right now, we can still not predict the movement of bitcoin, but what we can see right now, a real bull run, since a a lot of good news are coming in, and we should also not fear for a bull trap, we should develop a plan on how we can still profit, be it bearish or bullish.

Yes there is still a very high chance of bitcoin being valuse at 100000 usd, considering he fact that bitcoin is still moving up, without china, though they have a huge percentqge bitcoin users before. I think, only time could tell when this is going to happen, since a lot countries are yet to adapt cryptocurrencies, and a lot people are about to accept bitcoin as their currency. It is known that bitcoin is considered the most volatile investment as of now, and the thing is, though it has a high volatility rate, bitcoin's trend is always going up, not to mention a lot of people bad mouthing bitcoin in that essence, still it manage to rose up and with the upcoming forks thay bitcoin will have, a lot of investors are surely keeping an eye on bitcoin, there is also the fact, that there are countries that already legalized bitcoin but its citizens are not aware what bitcoin is, just like what is happening to our country righg now, only a few percent of the population are in to bitcoin, but a lot people already heard of bitcoin, sooner or later those.nay sayers when it comes bitcoin, will accept bitcoin as currency, since there is ni stopping bitcoin. There are still a lot of factors that will contribute to the growth of bitcoin, and i think as of now, more and more people are beginning to get curious what bitcoin is, and probably they themselves will be into cryptocurrency someday.

Bitcoin is not a bubble, bitcoin is here for almost a decade by now, if it is a bubble,  the price should not be this low, since the technology bitcoin use is considered to be very advance, and ghe mathematical equation it uses, is not that old. We are now living in a new era of currency, wherein people would want to have something that will grow in value that will really give them a lot in return, i think the bank's era of using fiat, is about to end, and soon will be replaced by cryptocurrency, there will still be a lot of struggle for bitcoin, however, bitcoin is the future, and we cannot stop the future, only time will tell, how much worth, bitcoin is going to have by the time, fiay became obsolete.

it is true, bitcoin can again hit 5000 usd and even exceed it, and break a new record. now that more and more people are accepting bitcoin and also a lot of countries making bitcoin legal, there is no doubt that bitcoin will rise back and have a new resistance. i think we can now safely say that bitcoin will not take another nosedive this coming months, since a lot of positive news are coming in. even financial institutions like goldman sach gives support to bitcoin, by making their own exchange, the support of japan on 11 exchanges that they endorsed, it should be no surprise that the price of bitcoin will be value over 5000 usd soon, a lot of investors as well might have learned their lesson no to doubt bitcoin, since during the banning of china, a lot of weak hands sodl, and now i think they are all coming back, hopefully no just for the fork, but to invest in bitcoin further. the rise of bitcoin back to 5000 usd should not stop us, we should still strive more, since bitcoin's price might hit 10000 usd by 2018, if the performance will be the same like this year, since it was only predicted to be 2000 usd for 2017,  yet the price is doubled.

bitcoin took a dip, when china banned bitcoin, and since china has a huge percent of bitcoin users, they had sold out their coins and the faxt that other capitalize on this, claiming that bitcoin is a fraud, it is expected that bitcoin will drop, since there was panic created, and there were a lot of users, even those outside of china, who feared that they might loose all of their investments, decided to to sodl as well, during that time you can see the volume of bitcoin being sold go up thus, increasing the supply and lowering the value, now that we are now over with that crisis and a lot of good news is coming, it is expected for the price of bitcoin to rise, hopefully there will be a lot of people that will accept bitcoin before the fork, and it will only give rise again to the price of bitcoin. i think the price of bitcoin went down, because of fake news as well, a lot people are recognizing some article to be true and no doing their research, just like what had happened when jpmorgan's jamie dimon, spoke of  bitcoin's value being a fraud, a lot of new investors agreed with him, without even thinking that they have been in the investment scene for so long, that they can manipulate the price, but since bitcoin cannot be manipulated, it is better for them to capitalize on what china did, thus resulting of further nosedive of bitcoin, not knowing that, the person speaking is also an investor, and would do anything, to lower the price of an investment, just for them to buy a lot in return. we should all keep on studying and make sure that we make the right choices, before we regret it.

i agree with the fact that bitcoin will go to 500000 usd, but i cannot say it with the time frame, since we cannot tell what will be going on before 2020, i think if all news we receive will be positive, i think bitcoin might hit the 500000 usd mark, however we cannot say it for the bashers of bitcoin, since they will always capitalize on the negative news that they will hear, just like what had happened during china's banning of bitcoin, we cannot tell if another scenario might arise, but for sure, bitcoin can overcome it over and over again. i think he said that, probably because of the fact that a lot of people are already accepting bitcoin and some are even creating their own crypto coin, hopefully the run will still move smoothly for bitcoin, and in that time bitcoin  had reach 500000 usd, it is already considered very high and hopefully for us, we already have a lot of bitcoins with us, since we cannot control the rise of bitcoin. his statement will surely bring light to all those who sill don't believe in bitcoin, since it shows its legality and legitimacy.

bitcoin is still going to rise and will break its own record, we should always keep ourselves well informed in the current events regarding bitcoin. i agree with one of of the posts below, that sometimes, we tend to over analyze and see things that there seems o be a problem, we must first understand that bitcoin is a very volatile investment, meaning it can go much higher than we expected and lower than the support, bitcoin will still rise due to the fact that a lot of countries now are supporting cryptocurrencies, there might be an altcoin to be produced by a lot of countries and bitcoin will still remain the standard of it all, if you check on your history, this is what had happened to the us dollar, when it became the petrodollar, it became the basis for foreign exchanges because for a long time, the us dollar has a strong buying power, and now if we compare it with bitcoin, bitcoin's buying power is still growing and soon it will break its own record. i think the correction already did happened, after the china crisis, now that it is over, bitcoin will still continue to rise and another correction might take place, however it may take months or years from now, since the acceptance of bitcoins is now spreading, we could also not predict what will be the outcome since, the nature of bitcoin is highly volatile, as for now what we could do is wait after the fork, and then we can study it further, since we cannot rely on the history of bitcoin going down, because it is always just for a short period of time.

I think if we check on what is happening today to some parts of the world we could make a conclusion, that it could also happen to us all, let's.take a look at zimbabwe, yheir current fiat, is of no value, but if you take a look at their exchanges, the value of bitcoin is higher, vomoared to the rest of the world, this is simply, though they do lack technology, they still wanted to be financially free, and so they rely on bitcoin. Another country that has its fiat, lower thqn others is japan, though japan is technologically advanced , their japandese yen still has small buying power, thus they use bitcoins, the same also goes to othef asian countries had legalized bitcoin, since  their fiat has a low value,  they tend to use another, it may not sound a financial collapse, but if you look at it closely, asian countries are having  hard time battling inflation, since there is no asian country, whose fiat is of higer value than the dollar.

i think there is a good and bad effect that had happened when china banned bitcoin in their country. the bad effect is that the price of bitcoin from 5000 usd went down, since it is a fact that china still have a large population of bitcoin users, but i think china did not halted the pace of bitcoin reaching a new high since bitcoin, will surely bounce back again, and that is what is happening right now, with or without e chinese, bitcoin will still continue to grow. the good side that i see, is that, people should have learned their lessons already not to panic, whenever they hear a negative news, it doesn't mean that when one country is going to ban bitcoin, bitcoin will fall down, there are a lot of countries that supports bitcoin and china, doesn't control bitcoin, they may have a huge percent of bitcoin users, but not to the extent that if all sold out their bitcoins, bitcoin's price will go down drastically. i think in this case, china did not halted the pace of bitcoin, rather it just helped out bitcoin users, to see that there are still a lot of weak hands that are investing in bitcoin, i think now, that those weak hands have learned their lesson or probably do not want to invest anymore, what are left are those who knows how to invest and use bitcoin  effectively, and as we all can see, bitcoin is rallying back without china and for sure will reach a new high.

you can prosper every time the market falls and bounces back, just use the fundamentals of investing, first do not place all your eggs in basket, meaning you should not just invest in one cryptocurrency, remember that bitcoin is the dominant cryptocurrency now, but there are also a lot of cryptocurrencies out there, try investing in them as well, so whenever bitcoin's price drop, you still have other cryptocurencies that can compensate with the drop of bitcoin's price and it may also exceed the value of the drop of bitcoin, it is like preparing yourself for an inflation, some cryptocurrencies may have a lot of gain during bitcoin's price drop. next, is always buy low and sell high, this is very common, whenever bitcoin's price drop, buy as much bitcoin as you can, and that is called cost averaging, the scenario is, if you bought 1 bitcoin for 5000 usd, when the price is high and it went down to 4000 usd, and you bought it at that price, and the price went back again to 5000 usd, and you have a total value of 10000 usd of bitcoin, the average price that you bought your existing bitcoin is just 4500 usd, and in that scenario, you gain 500 usd, thus giving you a huge profit. i think those 2 are the bast way to still prosper in bitcoin even if the price goes down, since that's the method i've been using and it works for me.

i think bitcoin's price will still reach 6000 usd, even without the disruption in europe, however, there might be some truth to this, since there is also another country that had experienced this, just take a look at zimbabwe, their fiat has lost all its value, and you can easily become a millionaire there, however, the value of your fiat money, will just be considered less than a dollar. zimbabwe has its own exchange, and i believe the price of bitcoin there is already at 7000 usd, if this had happened to zimbabwe, it can also happen to other countries, and this time european countries might follow zimbabwe as well, since their euro is going down, they will surely think up of ways on how they can survive, the only thing that they haven't done yet is to make bitcoin their country's currency, if they would follow what  dubai will be doing, there might be a chance for them to get back up on their feet, since bitcoin will give them hope, however, if this does happen, we need to be cautious still, since  a lot of european countries right now are losing the value of their fiat, there might be a cryptocurrency war, not just a competition, however i see it far from happening, since those ountries will need to adapt. let us all just wait and see what will happen to the EU, after spain's crisis.

bitcoin is not a bubble, i think people are just saying that bitcoin is a bubble since it is a new technology and they are comparing bitcoin back to the internet bubble, however it is so much different, if they try to compare bitcoin during the internet bubble, simply because both are using the internet, they might want to check back on their history, back then you can create websites, advertise and make profit, it became an internet bubble, because a lot of companies are so business savvy, that they can attract a lot of investors, however, what they lack is the technical knowledge, though the prices of their companies went up, they do not know what to do, and how to handle the situation in the end, a lot of internet companies were forced to shutdown and only a few good ones are left and became giants in their own right, however this is not the same with bitcoin, bitcoin doesn't have a CEO, bitcoin is technology and we cannot shutdown technology, especially at this time, we need technology in order for us to survive and when it comes to bitcoin, it uses block chain technology, which in turn, gives a us value, thus the price of of bitcoin. those who still think that bitcoin is a bubble, might also want to check the history of money, since bitcoin is also considered a currency and in time, i hope that they will realize that bitcoin will still grow and will worth a fortune.

this only shows that bitcoin is legal and legit. bitcoin had great strength, even after all the negativity that we have heard the past few weeks, there were a lot of bad news that needs to be clarified, however people's trust on bitcoin is still high, a lot of people are still investing on bitcoin not only because of he upcoming fork, that bitcoin gold will be created, there are countries accepting bitcoin already as their currency, like dubai and japan, i think other countries will also follow, since bitcoin is the future, it is a fact that bitcoin can destroy fiat and soon fiat will be replaced by cryptocurrency, and that might not take a long time, since even financial institutions are supporting bitcoin, just like what we have heard on goldman sach's statement. i think bitcoin will sill gain more and more strength in the upcoming weeks, after what had happened, just this few days, banks and other countries, might consider supporting bitcoin, rather than bad mouthing bitcoin,

There is no doubt that bitcoin is very bullish as of now, considering the fact that there are a lot of good news being brought out. There is amazon accepting bitcoins as payments, legalization of countries, such as india, malaysia and others, japan's support of 11 bitcoin exchanges and the most recent one, goldman sach's support of bitcoin, since they will be making their own exchange, let us also not forget dubai's own cryptocurrency, i think this support had given enough information to people that bitcoin is not a fraud. There will be more positive news regardig bitcoin and other cryptocurrency, we must all be ready for bitcoin to beat uts own record high of 5000 usd, we all know that there will be an upcoming fork and it will again give a lot of opportunities for investors, i think we can expect now before the end the year that bitcoin will give us a new record, and that is over 6000 usd or even much higher, since a lot of countries and internet based companies are accepting bitcoin, let us also not be so lax, since we all need to have a plan, and make sure that whenever the market is high or low, we still have winning a situtation. Hopefully with all this positive news, those bad mouthing  bitcoin will come a halt and realize that they cannot compete with bitcoin, since it is legal and a legitimate source of income.

If we look back on what had happened before august 1, before bitcoin cash, the price of bitcoin, is already high and the trends are all pointing upwards, and there was no hype regarding bitcoin cash back then, everyone was worried that bitcoin cash might replace bitcoin in an instant, however it didin't happened, after the first fork, bitcoin still became strong and it rose to 5000 usd, i think what people are doing now is to hype bitcoin gold, so before the fork, they will have free money, in the form of bitcoin gold, which in turn will also invrease the value of bitcoin, and hopefully more and more people will use bitcoin, now that there are a lot of good news coming, it only shows a lot of people trusts bitcoin.

Goldman sachs joining in the game, it will only mean good competition from oyher exchanges, what will happen is that the price of bitcoin will just go up, and will only prove that bitcoin is legal, that it is a legitimate currency. With all the news spreading and bad mouthing bitcoin, saying that it is a fraud, a scam has no worth, i think with this move, it will change their mind, since goldman sachs is a trusted institution. I think.sooner or later, we might be hearing from other banks, as well, saying that they too, what want to be a part of the bitcoin movement, since, therr is a saying, if you can't beat them, join them and this is exactly what is happening, since banks could not beat bitcoin.