Why the Bitcoin will skyrocket this summer! I will try to explain.

[hittedbyawhale]

Hi guys, i'm making this topic for all the people uncertain about the Bitcoin future and price, and don't know what will happen from now.

First of all i have to say that the Bitcoin was "attacked" from the institutionals(Governments,Futures contracts), big whales(Mt. Gox.), fudders(people that want hit emotionally the market to constantly buy low/sell high and repeat the cycle) and parasites(looks at the BCH marketing, claiming that the BCH is the real BTC)
After the spread of FUD it recovered the 40 % from the price bottom in less than one month, passing from a price of 6500$ to the actual 9600-9800$ with peaks of prices at 10.000$. So the bitcoin is in green, a green of the 40% in one month.

It happened because after the big fall the institutionals entered happily at the bottom price, Mt.Gox is unable to sell for a law sentence, the fudders can't manipulate the new so easily because the people are every day more informed about the crypto arguments and the stupid things they say for make panic and fear can easily be classified as fake.
Now do you think that the price will go over the 10.000$? You don't know eh?

Let me tell you why the price grow will not stop... there are alot of fundamentals that i can mention to explain why of the grow of the Bitcoin price will not stop. I will just mention the "Halving Rewards of Btc Blocks". When the block rewards will be the half if the price will not be bigger it would mean a loss for the miners, and the mining will so slowly stop. Do you think that big investors as Samsung, Intel, NVidia, AMD, Microsoft ecc.. and their distributors like Bitmain will stop to produce their new technology or they will sell that for the half? Can you ask yourself why they are investing immense amounts of money for the grow of this new technology?
Do you think they are making the wrong choice putting billions into the Blockchain Tech, or are you the only stupid that are selling your coins for "Pennies", compared to the big asset you could have in months/years.

Also from the date 14 May to the 16 May, we will see again the Consensus, the biggest Crypto congress in the world, happening one time, every year. All the biggest news, updates, and wallet implementations will be seen here. We have the possibility to see giant improvements as the Lightning Network, important partnerships, and in the and, we could see solutions for the mass adoption of the Bitcoin.


In conclusion guys, be positive guys, hold your position for a long time, and don't let somebody influence heavily your point of view. Just be informed, and hell, if you haven't ever do it, read the "Satoshi Whitepaper", it contains the fundamentals and the means of the Bitcoin. I bet that less than the 20% of the forum's people have ever read that.

[Xester]

Bitcoin will increase in value but it will not yet skyrocket. Bitcoin will just be recovering from its all time high value at 20k$ last December. This December of 2018 the community expects that bitcoin will come back to that value or it will overtake it. The reason why bitcoin is so hot this year is because of the implementation of the lightning network that have attracted big and giant investors and companies to buy and accept bitcoins this Q3 of 2018.

[amishmanish]

Well said. Though I don't know what you meant when you said

big investors as Samsung, Intel, NVidia, AMD, Microsoft ecc.. and their distributors like Bitmain

Bitmain is the major mining hardware manufacturing company at present and not a 'distributor'. Samsung and Intel have announced intentions to produce bitcoin miners and this is one of the most bullish news for bitcoin. If everyone can afford a mass produced miner, we'll have a decentralized, win-win situation for everybody. The centralization of mining hardware is a pretty major concern.

If you look at the novel things are happening in major cryptocurrencies, bitcoin is the only one with a viable plan and implemented idea. SegWit and LN are already working and lot of developers and sellers are on-board. Most other are just repeating the same lines of "cheap and fast" transactions with temporary measures that hurt decentralization. To any serious investor looking to invest in a world changing technology, it will be much easier to separate the marketing and hype from innovation and adoption. By serious investors, I don't mean those day traders at the banks but investors who look for real value and prospects.

[jacksonmark30]

Regardless of what you have mentioned, I still think that cryptos in general has a bright future. The only thing I disagree with you on is the fact that we don't know when that might happen.

[cellard]

BCash will have another hard fork on may 15th, or around that time, at east the news say it's scheluded at may 15, which coincides with the Consensus thing... I wonder how that will go.

They are guaranteeing there will be no new tokens as a result of the hardfork. I don't get how they can guarantee that, since all it takes is for some miner to decide to keep mining the legacy BCash chain, and then they'll have BCash-8MB and BCash-32MB.

[CryptoBry]

Bitcoin will increase in value but it will not yet skyrocket. Bitcoin will just be recovering from its all time high value at 20k$ last December. This December of 2018 the community expects that bitcoin will come back to that value or it will overtake it. The reason why bitcoin is so hot this year is because of the implementation of the lightning network that have attracted big and giant investors and companies to buy and accept bitcoins this Q3 of 2018.

I have the same feeling with Bitcoin. I am expecting some good rate of growth but will not be dramatic as what had happen last year due to so much speculations coming from new players in the market. And looking from the long-term perspective I am convinced that things are happening for good in Bitcoin right now...the future of cryptocurrency remains in the ball court of Bitcoin and all the rest are just pretending to be having the crown (let's allow them to dream anyway).

[jseverson]

Let me tell you why the price grow will not stop... there are alot of fundamentals that i can mention to explain why of the grow of the Bitcoin price will not stop. I will just mention the "Halving Rewards of Btc Blocks". When the block rewards will be the half if the price will not be bigger it would mean a loss for the miners, and the mining will so slowly stop. Do you think that big investors as Samsung, Intel, NVidia, AMD, Microsoft ecc.. and their distributors like Bitmain will stop to produce their new technology or they will sell that for the half? Can you ask yourself why they are investing immense amounts of money for the grow of this new technology?
Do you think they are making the wrong choice putting billions into the Blockchain Tech, or are you the only stupid that are selling your coins for "Pennies", compared to the big asset you could have in months/years.

Wait, so you're saying the price is going to skyrocket because it won't be profitable for miners otherwise? Unless we assume that miners will be able to freely and easily manipulate prices, I don't think this is a good reason to give. Miners that stopped profiting will simply stop mining, and will resume when it's profitable again. Samsung and the others are putting money into it because they know there will be demand for it, not necessarily because they feel that Bitcoin will rise -- it just so happens that they're correlated.

I do think we're due for a rise, but not because of that reason. I could be wrong though of course.

[bobo012]

I think it will skyrocket somewhere between 2020 and 2022. This year i see recovery from the bear market that we just had. In 2022 i can imagine 50k to 100k per bitcoin