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Author Topic: BTC will be around 5kUSD in the end of June  (Read 2215 times)
Hunyadi (OP)
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June 01, 2016, 06:07:39 PM
 #21

The move will be tricked by TA. After that, somehow, good news keep piling in. I already listed examples.


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June 01, 2016, 07:05:26 PM
 #22

There is HUGE RED FLASHING PROBLEM and it goes: SCALABILITY!!!!   BITCOIN, if it stays in form like this is DEAD after halving, don't you see it?

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June 01, 2016, 08:01:48 PM
 #23

Bitcoin in this month will boost up but not that much, I think it will reach to about $1000 and at halving I think it will start to increase to $1500 and till the end of year it will be around there.

Thats still a huge enlightenment for people involved with bitcoin.

This alone I think promotes back where people who never heard of bitcoin get involved before that horrible mt.gox scenario.

But $5k, if we even reach this end of june - its def going to be looked at mainstream fiat daytraders who arent part of it.

My guess we wont hit $5k in june though lol. 

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June 01, 2016, 08:12:40 PM
 #24

Yep, that's what my TA tells  Grin This month will be slightly more aggressive than NOV/13. Have fun!


i think it is way to brave to tell that price will rise 10 times in just 2 months, yes there will be bitcoin price halving in july, but halving is not a miracle and price can't rise 10 times randomly

i actually think that price will rise up to 1200$ and only if we will be very lucky with price, it can stay at 800$ only for example, but no way  that it will rise to 5000$

 
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June 01, 2016, 08:20:09 PM
 #25

There is HUGE RED FLASHING PROBLEM and it goes: SCALABILITY!!!!   BITCOIN, if it stays in form like this is DEAD after halving, don't you see it?

Wrong, and it's obvious why you typed that.  You're trying to hype the scamcoin "IOTA" in your sig except IOTA is nothing but a scam:

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https://bitcointalk.org/index.php?topic=1414866.0

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Raimonn
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June 01, 2016, 08:43:09 PM
 #26

I would like to see that i'm wrong, but i don't expect more than 700 $ on the end of June. I like your price prediction, but with this x10 increasing on few weeks lots of users will sell its bitcoins.
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June 01, 2016, 09:04:26 PM
 #27

Yep, that's what my TA tells  Grin This month will be slightly more aggressive than NOV/13. Have fun!


possibly, but i'd say it could just as easily be in july or august.

either way, it doesn't matter much, soon the price will be 4 digits, and $5000 is a likely price.
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June 01, 2016, 09:09:57 PM
 #28

Fuck those charts.  This is the chart to look at:





don't try to use logic with fools, you'll only tire yourself out.
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June 01, 2016, 10:04:06 PM
 #29

No the price is not going to be 5K at the end of June that is not possible, we have just passed $500. A price like 5K is not going to happen this year maybe over 2 or 3 years it will be possible.
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June 01, 2016, 10:06:35 PM
 #30

No the price is not going to be 5K at the end of June that is not possible, we have just passed $500. A price like 5K is not going to happen this year maybe over 2 or 3 years it will be possible.
There were speculations that the bitcoin market price will hit $10k by the end of 2015 but none of them happened.
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June 01, 2016, 10:08:34 PM
 #31

Fuck those charts.  This is the chart to look at:





don't try to use logic with fools, you'll only tire yourself out.


I have to say I like this post and I hope it happens this year. Anything is possible.

It's going to be a hell of a ride whatever happens.
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June 01, 2016, 10:12:33 PM
 #32

-snip-

I have to say I like this post and I hope it happens this year. Anything is possible.

It's going to be a hell of a ride whatever happens.

$5k might be possible only after a few years. We all hope that the bitcoin market price reaches $5k this year but its a unrealistic dream.
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June 01, 2016, 10:15:31 PM
 #33

-snip-

I have to say I like this post and I hope it happens this year. Anything is possible.

It's going to be a hell of a ride whatever happens.

$5k might be possible only after a few years. We all hope that the bitcoin market price reaches $5k this year but its a unrealistic dream.


I reluctantly agree. $500-$1000 is what I have guestimated for the rest of the year.

Time will tell.
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June 01, 2016, 10:43:33 PM
 #34

$5k that soon might not be even be desirable. It would indicate tremendous overheating of the whole ecosystem.
For once, if you would want to sell out some, you won't be able to do it fast.
Coinbase, for example, has 50K max (it would be just 10 coins).
If you start doing multiple 50K all of a sudden, I am pretty sure that your account could be frozen before they figure out what is going on.
Too massive (in $$) withdrawals might be problematic.
There is not much to buy with bitcoin directly (without conversion) for that kind of $$ equivalent (maybe Tesla?).
Network would be completely stuffed as well, fees might go up to $1-10 (good for miners) as people would withdraw probably $ billions equivalent.
At 5k total current market cap would be $80 bil, so if even 10% of holders would want to sell, they would need significant buying pressure to be able to do it.
It would still be cool, though  Smiley
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June 01, 2016, 10:57:23 PM
 #35

$5k that soon might not be even be desirable.

Oh yea man, pass me those bath salts.  When the price went from $100 to $1000, everyone was like, "Oh my god!  This is so undesirable!"

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June 01, 2016, 11:22:26 PM
Last edit: June 02, 2016, 12:57:09 AM by Biodom
 #36

$5k that soon might not be even be desirable.

Oh yea man, pass me those bath salts.  When the price went from $100 to $1000, everyone was like, "Oh my god!  This is so undesirable!"

I actually explained why with respect to the timeframe (this mo according to OP).
Yeah, if you are a genius, then you sold at $1000 and re-bought six times more at $160.
Who could do that? I can't.
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June 02, 2016, 03:01:18 AM
 #37

$5k that soon might not be even be desirable.

Oh yea man, pass me those bath salts.  When the price went from $100 to $1000, everyone was like, "Oh my god!  This is so undesirable!"

I actually explained why with respect to the timeframe (this mo according to OP).
Yeah, if you are a genius, then you sold at $1000 and re-bought six times more at $160.
Who could do that? I can't.


i agree that it is not desirable but for another reason.
because a sudden rise does not look good for bitcoin and is not good for the adoption either.
reaching 5K in one month means a lot of attention, media and ... for a short time but i am afraid the same thing as before ($1100) will happen after that meaning only fall from 5K down (equivalant to $1100 to $200)
plus bitcoin would look like a pump and dump rather than a currency.

~~ fees might go up to $1-10 (good for miners) ~~

fees will be adjusted again as it was adjusted before with the price.

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June 02, 2016, 06:57:27 AM
 #38

If we assume that this scenario is going to happen like OP stated then what do you think will after that ? we are going to have a huge price decrease because of panic selling . I personally prefer something stable then something getting high fast to get low faster .

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June 02, 2016, 07:18:14 AM
 #39

Nope. We will just slide back to around $420 and hang around there for a year more or so.

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June 02, 2016, 07:21:03 AM
 #40

Nope. We will just slide back to around $420 and hang around there for a year more or so.

It actually is surprising me that you don't say the price will fall back to sub $300 prices sooner or later. Cheesy If the price happens to fall back to $420 and stay there for quite a long time, it's totally fine with me. Smiley
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