Ok. I might say that the price could go around $16,000 - $20,000. There's still a lot of investors who are waiting in line to and get bitcoin and any minor corrections is a opportunity for them to jump so its safe that before the end of the year it could be at the long awaited $20,000. Right now we are above $18,++ without the CME coming into the picture yet, we all know that there are a lot of irrational buyers willing to come in at all cost, not waiting for the corrections but just buying. This alone should significantly impact the price to move along the $20,000 levels. It the market could hit that price then its obvious that the trend will continue because Nasdaq will have its version of bitcoin future contracts in Q1 or Q2. Let's see how everything pan's out. Exciting times ahead just couple of days before CME's turn so I'm will remain bullish and I think this price hike due to institutional investors coming into picture will likely have a positive impact on us, long term.

Marketcap for me is not significant. You can even see some shitcoins you have huge marketcap but still undervalued. But if big investors decided to sell and dump their coins and cash it out, of course the price would dramatically feel causing panic selling. However, you have to realized that there are thousand of investors big and casual alike who are waiting in line to get bitcoins. So the effect of this scenario will be short term only. Maybe after a week or so, bitcoin is back again from its normal price and can go even further as the previous all-time-high. History already taught us that is always been the case. Just look back few months ago when all this Chinese anti-bitcoin policy came out. The price drops, however, it has recovered and look at where we are standing right now.

It will be a dream match if this teams meet in the on their respective divisions. Specially in the Boston/Cleveland matchup, it will be test for Kyrie to proved his worth, while James trying to show that even without Kyrie, he can bring Golden State to the NBA championship. While on the other side, CP3 wants to test his first right and will challenge Steph and prove who is the best guard in the NBA. But a lot of teams have been improving as well and wants to challenge Cleveland and Golden State, so I also wouldn't be surprise if either one of them don't reach at the top of their division.

From my standpoint, we can really surpass $25,000, it will just a matter of time. From the time the OP writes this thread, the price of bitcoin is $16,800 now it already touches $18,000. So it's getter closing, maybe a fair assessment is $20,000 at the end of the year. We need to have a fresh new investors who are more willing to put millions to be able to push to $25,000, but I don't know if we can do it, actually $20,000 for me is getting nearer so let's say we should target that first and possible $25,000 January 2018. CME bitcoin future offering is just a few days away, this might push the price to go to $20,000 at the end of year. It's gonna be exciting to finally see one day the price getting to that levels. But for now, we need to have a lot of patience and the best thing to do is to hold.

Thanks for the fair warning dude. There might be a scam site, however its not proven yet. But I have to agree that with the current surge of bitcoin and crypto, everyone is really getting into it and its hard to separate a trust site from a possible scam. How many times we hear people lost their bitcoin because they decided to put money on a site that they think are fairly secure, but unfortunately they aren't. Trading platforms, wallets, tumbler services are all being copied and clone. It's a wild wild west out there. Just be careful and vigilant and be safe everyone.

Oh dear, you don't have to preach it. Everyone knows that already, but yes its the most difficult thing to do, but I don't consider them skills though, I think its more of a mindset or feelings rather than talent or skillsets. From my personal perspective its one of the most difficult to control, like greed. It takes mental toughness to overcome it.


Yes, its not easy as it sounds. Most people are very impatient and if they go trading, they will be having a hard time to control it because they are used to be like that. And as a result they lost and just quit trading for good. I don't know if it can be self taught though. But I guess through practice and experience, maybe there is a chance that you can learn to control it if you have been trading for so long already.

I totally agree with you. Although Buzzfeed has been in the industry too long already, but it seems that they don't care and even the publishers won't do anything as long as it will make revenue for them. And everyone is really riding on the popularity of bitcoin that its pretty obvious that the author is just doing that. Garbage and totally out of context. I noticed that this trend started like 6 months ago when bitcoin was taking off. Everyone wants to writes article on it for clickbait and exposure only. They are no experts, if you consider them, then you might as well consider newbies creating multiple threads everyday. LOL. They are more well-versed than the so called experts. 

Ethereum already reaches its all-time-high mid year this year but then experienced a sudden downtrend. However, not to be outdone by big brother bitcoin, Ethereum suddenly surges again before the end of the year because of several reasons. I think after the end of November meeting, a lot of companies has suddenly renewed their interest on this coins. And I think companies are really interested on Ethereum main weapon, smart contracts.

https://www.coindesk.com/ethereum-ripple-and-litecoin-have-arrived-on-bloomberg-terminals/

There's also a rumored ETH future contracts as well. So the future looks very bright for ETH. We may see one day the price surpassing 4 digits as well.

Again, this may have been driven by CME bitcoin future contracts on Monday. A lot have been waiting and buying in line with irrational behavior and gambling that the price could go to $20,000 but we all know that bitcoin is very volatile and it may or may not happen. This is what we see during the CBOE offering as well, but the price seems to settled around $16,000-$17,000 after a week so there's not much significant price increased but instead we see relatively reduced volatility. Maybe we can hit $20,000 but it needed a new set of investors, those who are just putting their money because they don't want to miss the opportunity to gain profit (FOMO). Let's see how it goes though, only a few days so better just hold on our bitcoin and decide later if the wind is favorable on our end.

What do you mean accumulate more? Do you know something that we are not aware of? If you are pertaining that bitcoin price could go to $20,000 because of the CME then we love to it see, however, no one is certain what will happen. Personally, I think its already price it, but I may be wrong. And if we are going to based everything on CBOE experience, we didn't have any significant gain, but reduced volatility. Although last time I checked, the price is just above $18,000. But bitcoin futures contracts is so much different from what a ordinary or successful trader is doing. So It can go either way, but since all of us are very bullish, we always think that they can really bring a lot of investors to the ecosystem to profit, it may or may not be the case.

I don't know if bitcoin is accepted in their country or what, but that's one huge bitcoin that they did discover. If I'm the government I would auctions those similar to what US did and put the money into something meaningful. They could utilized that huge amount, improved their citizens lives, build infrastructure, there's a lot that can really be done with that money.


Yes, Zerhedge has varied output about bitcoin and cryptos, but for me they are really more a "GOLD" nut hugger. And what's funny is that they will praise bitcoin in the first paragraph of their article, then lash at it at the end. LOL. And I don't think that they are pressured or something as OP might speculate, they have been like this for the last 6 months, so I assume they are anti crypto's to begin with and more of a Gold website.

In an extent I would say Yes, its looks like that bitcoin is taking the world by storm. Have you heard that Bitcoin has more Google-search than the Kardashians? Yes, that right, we are now at the top of searches around the world. Everyone is on a rush to at least owned a few satoshi's or bitcoin on their wallet. I don't think that the "Gold Rush" wasn't termed doing its height. But just maybe 10-20 years when we are all looking back we can say that we are part of that bitcoin revolution. And this rush is just the beginning, specially when bitcoin peak at $10,000, it is here to stay, and those people who think bitcoin is a bubble up to this time will be left in the closet. LOL.

Yeah, what a game. Triple overtime baby. Much needed win for Oklahoma to get back at .500 for the time being. I really though that the Sixers will pull through, bad play, good defense by Oklahoma and I guess just the breaks of the game and players getting fatigue. It's a ugly lost for the Sixers and I agree about coach Brown, partly to blame with the lost. And the big 3 of Oklahoma did clicked today, with Melo and Paul contributing 24 points apiece. Its gonna be interesting to see Melo back on Madison Square on their next game. Paul George got a lot of boo's when they played in Indiana couple of nights ago, now its Melo's turn.

I don't think that we should take this a good sign from them. They are just cashing it out, and they are right, perfect time  to convert it to USD because the price is mooning. That's lots of cash to help whatever cause they want with the millions. They can even buy another sophisticated  toys or venture it in an "experiment project" to catch criminals who are using bitcoin to hide their activity.


I also don't think that this will have a impact to the market. The only effect I see is that maybe some of those who have been paid in bitcoin will somewhat re-invest in into the ecosystem. But I wouldn't be surprise if they are not. No need for them to spread the knowledge since Japan has already legalized bitcoin. By this time I assumed everyone is already familiar with it. There's also a lot of questions in my mind regarding the payment system, but I will just keep it myself. You can't really stop admiring Japan though, they are really leading this bitcoin march to the next level.

Exactly, I like the way you put it, "tug of war", the bulls and the bears are continuing pulling and pushing the price of bitcoin that we even didn't see minor corrections because they are really very quick. Correction has been happening specially when CBOE opens its doors, that's why at the end of the end you will see that the price is relatively stable around $16,000-$17,000 and me thinks that at least volatility is reduced to an extend. However, its CME time to shine that's why the price has been push above $17,000 but I'm expecting that once it official offers bitcoin future contracts, we will the price moving to $18,000 and then an ensuring tug of war will occur once more. But as far as going down to $10,000, I seriously doubt that it can do that route, with so many investors waiting in line to buy. So much purchasing power willing to buy bitcoin at any price now.

One of the most absurd conspiracies about the Chinese bag holders. LOL. 5 Million stuck? Where the hell did you got that figure? Are you from PBoC or something. LOL. You still needed a lot of base knowledge on bitcoin. I suggest you go around the forum and educated yourself. You're even worst than John McAfee you predicted $1m in 2020. Realistically, bitcoin can't get to $500,000 at the end of the year. That's too much, a conservative estimate should be around $30,000-$50,000 for me. And I doubt that the Chinese bagholders are so dumb that they will just dump it just to pay their national debt. And NO, the world will not literally run out of money. Go back to economics class and try to understand how fiat runs.

As far as I know, Venezuela is currently using bitcoin as their main hedge against the current economic situation in their country. There has been reports as well that their Central Banks are secretly mining bitcoin. But its neither confirmed nor denied. As I have mentioned several times, this is really a case study for bitcoin. We heard that gold is the best hedge for economic devastation, but the Venezuelan crisis proves that bitcoin can also be used to buy things outside of the country in order for them to survived. They purchase things using bitcoin then delivered it to them the way I understand it. As for Petro government back crypto-currency, I still don't see how it will became successful. I haven't heard any crypto back state taking off. But let see how things go for this so called "Petro".

Let them wait and miss the opportunity to gain profit. I have heard a lot of them thinking that is a good strategy. However, I'm not a supporter of it. Before I also practice that, but then I realized that it doesn't make sense at all. Because the price that I want to didn't arrived because the next day, bitcoin recovered beautifully that I should have taken a profit already if I bought the previous day. The last good price that we can get was around $13K, so if you still didn't buy it then its already a lost for you at the current price. Now you have to wait at $15K, will it dip at the price? Most likely it will come however, the question is when?

The price went as high as $18,000 based on coinmarketcap so it looks like a good ending for the week. However, based on my experience on stocks, usually Friday doesn't have much movement. Though I can't really compare those two I guess. But if this impact really bring positives amongst us then we should take it as a good sign that once CME opens its doors to bitcoin future contract the price could really cross $20,000. Exciting times ahead. Only a couple of days before CME and then we will see if the price could go further or if we are going to see reduced volatility as this have been showed earlier. Let's see how it pans out if everyone's prediction of $20,000 will happen.

Its not that easy to understand that supply and demand really drove bitcoin price to its new heights. But it's better if we understand where this demand is coming from. Right now the demand or the main driver for all of this is all the news about bitcoin future contracts. And because this is a speculative market, most investors are buying because they all want to get a piece of the cheese - profits. So this goes around, cycling and its a continuing process. So if this trend continues obviously the demand rapidly develops and builds up overtime resulting to the price of bitcoin reaching all-time-high again and again.