Amph
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Activity: 3206
Merit: 1069
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August 01, 2015, 07:07:38 PM |
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yes maybe someday but definitely not in this month and i still believe the bitcoin price will reach to $1000 again maybe in the next month or next year
Will be interesting to see what a litcoin halving hype can do to the bitcoin price this month. Last pump it carried bitcoin quite a bit.. People commonly make mistakes when it comes to the last (real) spike that Bitcoin had. The price ~$1200 was not realistic and was not achieved by traders solely. There was a lot going on behind the scenes (e.g. Willy Bot), however we should not go into the details of this here. I just want to point out the definition of speculate. speculate - form a theory or conjecture about a subject without firm evidence.; There are a lot of people making unrealistic predictions for specific dates.
If we follow basic supply and demand, the price should go higher next year. We also need to consider what happened to LTC recently, that could also happen to Bitcoin next year (however, much more money is needed to make huge movements). Uhh no. If we follow real supply and demand bit coin wouldn't be worth more than $50 at best. This market is being rigged from all possible sides. If you still don't get it after 6 years... people have rejected bit coin and moved on to superior technology.
can you point me those superior technology? i'm not aware of anything revolutionary in the economic system that might have been created, recently please do not talk about altcoin, they are pure clone with nothing new and everything they offer more than bitcoin can be easily implemented in bitcoin itself, i'm talking about something like monero... |
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Mickeyb
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August 01, 2015, 07:50:06 PM |
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I was wondering... Bitcoin is halving in the beggining of next year.
~How many of you still believe we will see it hit $1000 again?
I firml believe we will see again $1000+ coins in the future, and if I didn't believe in this, I wouldn't be here. Come on, anybody that has done any research can see how good this technology is and how much it can improve in the future. Add to that VC fundings of this year and you can start connecting dots. |
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foxbitcoin
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August 01, 2015, 08:01:39 PM |
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the price will eventually have to go above $1000, as the coins will get scarcer and scarcer. Especially given how the Chinese are still vacuuming them up while they can.
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ajareselde
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Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
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August 02, 2015, 07:41:22 AM |
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the price will eventually have to go above $1000, as the coins will get scarcer and scarcer. Especially given how the Chinese are still vacuuming them up while they can.
The coins are getting scarcer and scarcer because of the fact that many people are trying to cash in on the fact of upcoming halving, and some want to be a part of the 21 million club. Since bitcoin is advancing each day in and out, there's no doubt that we will see 1000+ prices once again imho. cheers |
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Mickeyb
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August 02, 2015, 08:44:14 AM |
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the price will eventually have to go above $1000, as the coins will get scarcer and scarcer. Especially given how the Chinese are still vacuuming them up while they can.
The coins are getting scarcer and scarcer because of the fact that many people are trying to cash in on the fact of upcoming halving, and some want to be a part of the 21 million club. Since bitcoin is advancing each day in and out, there's no doubt that we will see 1000+ prices once again imho. cheers Exactly my thinking, this technology has been just born and coin supply is limited. As we advance, and adoption goes further and further, what do you people think will happen to price, if no major negative event takes place, of course! |
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Denker
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Activity: 1442
Merit: 1014
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August 02, 2015, 11:19:37 AM |
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the price will eventually have to go above $1000, as the coins will get scarcer and scarcer. Especially given how the Chinese are still vacuuming them up while they can.
The coins are getting scarcer and scarcer because of the fact that many people are trying to cash in on the fact of upcoming halving, and some want to be a part of the 21 million club. Since bitcoin is advancing each day in and out, there's no doubt that we will see 1000+ prices once again imho. cheers Exactly my thinking, this technology has been just born and coin supply is limited. As we advance, and adoption goes further and further, what do you people think will happen to price, if no major negative event takes place, of course! I back that up again. I agree with you two as well. We're still in a pretty early stage with Bitcoin and cryptos in general. And as mentioned there only will be 21 million Bitcoins. And another aspect which we should not be forgotten is that a few million coins are lost. I guess probably 2-3 million coins is a realistic number. So in the end we are dealing with 18-19 million coins at all. Try to gain an amount of 10-50 coins and you should be in a comfortable position. |
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bitcollins85
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August 02, 2015, 07:25:13 PM |
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People will take advantage of every little high/peak to sell and make profit. This will keep the price down every time when BTC is rising... But yes it will go $1000 again
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randy8777
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Activity: 896
Merit: 1000
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August 02, 2015, 08:04:45 PM |
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People will take advantage of every little high/peak to sell and make profit. This will keep the price down every time when BTC is rising... But yes it will go $1000 again
i have no doubt it will go to $1000 range again at some point, but it can take several years. a lot people don't have that much patience. |
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