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Author Topic: Bitcoin will never reach $700 again  (Read 25166 times)
Lokfar
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May 30, 2016, 10:40:08 AM
 #361

There would be of course a time that it can reach that high value and that is because we also know that the value is going to be more worth so that is really nice if that happens.
But we need all the patience for it if we want to earn some money with it and that can be really bad of course.
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May 30, 2016, 12:28:46 PM
 #362

Bitcoin has only a potential to grow beacuse when more people start using it the demand goes up, automaticly the price goes up as seen in the last few days.



according to google trends, search interest in bitcoin is rising as well.

price and search interest have a history of being closely related, although it's debatable which one is driving which (but i think they drive each other).

As in, more people search for bitcoin and get interested, means more people buy it, means the price rises, means more people get interested which means more people buy it, etc.




Search interest most probably mean adoption in general, not just demand. And as we've seen over the past years, adoption ain't linear with price, what affects price mostly is investor trust - something very easily influenced by media.

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May 30, 2016, 03:05:07 PM
 #363

There will be of course a chance that it can reach the $700 and that would be so nice because then there will be a lot of people that is going to use Bitcoin so that would be perfect. But you never know what can happen with the value and that is the problem with Bitcoin, so you just have to wait and see for what will happen.
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May 30, 2016, 07:52:42 PM
 #364

As I deal with CAD.. ya it just pasted $700... ahhh yaaaaaaaaa.

At this point... I would find it very hard to believe we don't touch $700 usd again.
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May 30, 2016, 08:07:14 PM
 #365

There will be of course a chance that it can reach the $700 and that would be so nice because then there will be a lot of people that is going to use Bitcoin so that would be perfect. But you never know what can happen with the value and that is the problem with Bitcoin, so you just have to wait and see for what will happen.

We may see this price at the time of halving or may be even better if everything moves positive till we reach to the halving, my expectations are  $800 at halving.
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May 30, 2016, 08:16:15 PM
 #366

Now i think we can think bitcoin could reach $700 after the price rise to $535 only in a weeks maybe after halving bitcoin would stay on the price $700

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May 30, 2016, 08:43:56 PM
 #367

Now i think we can think bitcoin could reach $700 after the price rise to $535 only in a weeks maybe after halving bitcoin would stay on the price $700

Yeah now anything seems to be possible as price is going up and if we reach to $600 in next couple of weeks, then $700 is possible at halving without any doubts.
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May 30, 2016, 08:57:08 PM
 #368

This is why I have liquidated my position in Bitcoins. There is very little upside going forward. Block size limit is too low. No forward moves of late have any traction whatsoever and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars.  Only a significant change in the economy could alter this forecast.

I understand your position very good. I believe many of us feel same way in some moment's. But that is faith, to believe even when things doesn't look good.

I'm reading comments, I see how people react when btc is rising. Everyone talk how now everything is possible, faith is coming back. But when its falling looks like people losing faith.

I think its very hard to stay with cool head in this hot times, but that is what we need. We make better decisions when we are think wisely.

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May 31, 2016, 03:14:10 AM
 #369

I think the bitcoin will hit this amount because the bitcoin has a good future and 700 dollar is not such a high amount.
Like other people already said the bitcoin can let this happen with the halving.
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May 31, 2016, 08:16:29 AM
 #370

If I may be so bold, sir, what was the value of the position you liquidated?

I don't necessarily agree with your position.  I think we could definitely go to $700 and beyond but it seems to me that a lot of interest in crypto is headed toward things like ETH and all of this 2.0 stuff.  But I think bitcoin is a good way to store value.  It's a horrible currency and I think people are realizing this, but $700 is on the horizon.
The Bitcoin price is going to reach 700 Dollar again sometime that is just a matter of time. The real question is when it is going to happen I think that it is possible that it will happen in 2017.
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May 31, 2016, 08:21:15 AM
 #371

I think the price of bitcoin will reach $700 by the end of this year, it could be earlier due to halving.
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May 31, 2016, 02:52:26 PM
 #372

If I may be so bold, sir, what was the value of the position you liquidated?

I don't necessarily agree with your position.  I think we could definitely go to $700 and beyond but it seems to me that a lot of interest in crypto is headed toward things like ETH and all of this 2.0 stuff.  But I think bitcoin is a good way to store value.  It's a horrible currency and I think people are realizing this, but $700 is on the horizon.
The Bitcoin price is going to reach 700 Dollar again sometime that is just a matter of time. The real question is when it is going to happen I think that it is possible that it will happen in 2017.
I think $700 would have come sooner, I am sure that this year we could touch $700, halving is my strong reason to see higher prices this year. like some previous day prices are rising rapidly, even it nearly touched $550. and near halving still one month, so most likely we could see $600 when it is closer to halving, and after halving we will see $700 Wink

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May 31, 2016, 03:09:23 PM
 #373

I think the bitcoin will hit this amount because the bitcoin has a good future and 700 dollar is not such a high amount.
Like other people already said the bitcoin can let this happen with the halving.

$700 is not a high amount? How so? Do you remember how long we've been sitting below $300 in 2015? And how long we've been sitting below $500? Probably not. Otherwise you wouldn't say that $700 isn't a high price level.
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May 31, 2016, 03:44:52 PM
 #374

I think this would be better. bitcoin prices continue to rise at this time, maybe this improvement will continue past the $ 700 price, and probably will be again


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May 31, 2016, 03:47:30 PM
 #375

I'm selling, I do hope though that BTC will continue to rise but there's more logical reasons why the price will go down from here.

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May 31, 2016, 04:40:16 PM
 #376

I believe that bitcoin will reach 700$ again and even cross that point.
I read many posts here and talk with friends who are also making money with bitcoin. And there is a prediction that bitcoin will rise soon. A lot. This rising over 520$ this days made us all hot and exited. But I reccomend to everyone to chill and don't go crazy whith that.
I expect that it's gonna be the same story with bubble about bitcoin. And it is not reached it's maximum yet  for sure.
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June 02, 2016, 03:57:54 AM
 #377

This is why I have liquidated my position in Bitcoins. There is very little upside going forward. Block size limit is too low. No forward moves of late have any traction whatsoever and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars.  Only a significant change in the economy could alter this forecast.

we can reach $1000 at this halving, maybe end of this year. better we hold it waiting end of this year.
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June 02, 2016, 04:50:34 AM
 #378

I believe that bitcoin will reach 700$ again and even cross that point.
I read many posts here and talk with friends who are also making money with bitcoin. And there is a prediction that bitcoin will rise soon. A lot. This rising over 520$ this days made us all hot and exited. But I reccomend to everyone to chill and don't go crazy whith that.
I expect that it's gonna be the same story with bubble about bitcoin. And it is not reached it's maximum yet  for sure.

Reaching $700 is realistic since we can find some great factors that will make it happen.

Also even without halving that is really realistic to breach. It's just need a big manipulation started from different exchanges that will trigger the price rally.

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June 02, 2016, 05:05:28 AM
 #379

I believe that bitcoin will reach 700$ again and even cross that point.
I read many posts here and talk with friends who are also making money with bitcoin. And there is a prediction that bitcoin will rise soon. A lot. This rising over 520$ this days made us all hot and exited. But I reccomend to everyone to chill and don't go crazy whith that.
I expect that it's gonna be the same story with bubble about bitcoin. And it is not reached it's maximum yet  for sure.

Reaching $700 is realistic since we can find some great factors that will make it happen.

Also even without halving that is really realistic to breach. It's just need a big manipulation started from different exchanges that will trigger the price rally.
Dont loose hope guys, Bitcoin make big change after the halving,. i think $1000 not $700 dollars will be the price of the bitcoin.
just wait and continue earning bitcoin in trading... gather more bitcoin in your wallet
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June 02, 2016, 05:17:18 AM
 #380

The bitcoin will reach this amount again, its now even at 530 dollar and I think the 700 dollar is than not even very far from it to be honest.
With the halving in can get the push to this amount without doubts.

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