this is a bear trap and we will go to 10k

[cpfreeplz]

The 2013 rise started actually from about $110.

Did you actually looked at the relevant chart?
BTC started year 2013 from $13 or so.
First peak in April at $266, then bottomed at around $70 during summer.
$110 is an artificial time point to start.

that was a fake pump anyway, the new bottom was in fact $200

the correct way to view that pump is from 13 to 200, the rally to 1200 was forced and artificially induced

This time was much more slow and steady though. Right at the end here when we had a huge rally it was obvious there had to be a correction.

13-1200 is a huge huge swing, we (most likely) won't see anything like that ever again. That's all I was saying. The 1500% ROI was just an example. 100% ROI is still a hard thing to achieve year after year.

[n691309]

I believe in bitcoin and I will buy more when it's still cheap. I believe cheap coins will be sold out soon and we will eventually go to 2k and then 10k quick moon

It's unrealistic that the price will go 10k in the very near future, but even the 2k is too far, the 1k was pretty good and I'm nostalgic when this happens, but based on what do you think it will go to 10k?

[The Sceptical Chymist]

This is a glaring example of why bitcoin is doomed as a currency.  Any time it's in the news, any time people become aware of it, it's for one of two reasons:  1)  Another Silk Road bust, or 2)  The price is headed for the moon.  And I'm not saying this is a reputational thing--it's the speculators who pour into the market and drive the price silly.  Who in their right mind is going to want to spend bitcoin on anything?  Who's going to want to get paid in bitcoin?  And what I've seen on this forum is that the number of people who are obsessed with the price far outnumber those who care to spend bitcoin.

Having said all that, 10,000, WOOOOOT!!!  I'm ready.

[Meuh6879]

10k??? it did struggle at 1k-1.3k range.  maybe in 5 years time we will see 10k but i doubt it .

less than that, my friend ... i need 2 cups for a wonderbra.

[richardsNY]

I believe in bitcoin and I will buy more when it's still cheap. I believe cheap coins will be sold out soon and we will eventually go to 2k and then 10k quick moon

It's unrealistic that the price will go 10k in the very near future, but even the 2k is too far, the 1k was pretty good and I'm nostalgic when this happens, but based on what do you think it will go to 10k?

At this point there is absolutely nothing that can give people even the slightest indication of seeing anything near the $10000 level. It's nothing more than a fantasy that plays in people's minds. $2000 is indeed also too far away from being considered a realistic price target for 2018. Especially when you consider the possibility of a very slow growth. What about a potential bear market? Too many factors that may turn out to work against us. Nothing comes easy with Bitcoin.

[kwukduck]

Right... you realize the network is already operating at and over max capacity...? With transactions taking 12 hours or so to get into a block.... How can that sustain even 1k usd?

[Meuh6879]

pay the fees.



follow the rules of the network.

during the 1100 USD price, the mempool is so low ... it's impressive.

[Shady]

Bitcoin has a valuation of 55,000 USD in peak 100 years. Once people finish mining there'll be fresh opportunity in secondary currencies.

Don't be alarmed if those also go up too, it means well for this entire industry. When Faucets were introduced this innovation led to small gains across population plus put more into circulation. Don't be afraid to hold, it'll go back up to 4 figure or more in no time.

[kwukduck]

pay the fees.



follow the rules of the network.

during the 1100 USD price, the mempool is so low ... it's impressive.

A full block is a full block is a full block. No amount of fees will solve that problem.
If you get up to idiotic fees (which is already the case) somebody else gets pushed out.
Only the top fee payers get in, for the rest the system will suck. How very future proof...

[BitcoinBarrel]

I love paying 5 cents more in fees to get 10 min confirmations. It's great! Only took me about 3 times waiting 1-2 hours to catch on.

[ClamCoin]

I love paying 5 cents more in fees to get 10 min confirmations. It's great! Only took me about 3 times waiting 1-2 hours to catch on.

You should always be paying high fees. The miners deserve to be paid for all the work they do.

[btcmerich]

10k??? it did struggle at 1k-1.3k range.  maybe in 5 years time we will see 10k but i doubt it .

less than that, my friend ... i need 2 cups for a wonderbra.

My man, i do not know what you are trying to say as i can not read the text. All i can look at is SELMAAAA

[pooya87]

we are not going to 10K the same ways we are not going back down to $500-600 or other crazy numbers people say these days. the more realistic thing is the continuation of the same trend that has been going on for the past 3 years an stable and slow rise over time with a total of about 100% profit a year.

[Kevinde]

I believe in bitcoin and I will buy more when it's still cheap. I believe cheap coins will be sold out soon and we will eventually go to 2k and then 10k quick moon

You are the most optimistic in the world and you also love the bitcoin the most. I just only dream above 1,250$ in this year but perhaps, this fact will not happen in this year. Maybe I will wait for bitcon down under 400$ and I will buy more bitcoins.

[cellard]

As you can see here, 200 became the new bottom, and it consolidated the price at around that area, so that's a 100 dollar increment over the last bottom. At the end of the day this is what matters. Everytime there is a bubble, it crashes as all bubbles do, but it stabilizes at a higher price than the last stable price. In the big picture, bitcoin has never stopped growing, so this bubble will stabilize at an higher price and continue growing.