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Author Topic: Safe to say Bitcoin "probably" won't go lower than $600-$700  (Read 1959 times)
Zadicar
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February 03, 2017, 06:29:24 AM
 #41

Very nice presentation and thank you for that one op.For me i could say it would be already hard to go back again on $600 below price since bitcoin does already have a strong support and it would be hardly to breakout unless if all huge exchanges would be hacked then it might happen but for now it wont go back on that price.

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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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ProfessionalGoogler (OP)
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February 06, 2017, 02:20:48 AM
 #42

Very nice presentation and thank you for that one op.For me i could say it would be already hard to go back again on $600 below price since bitcoin does already have a strong support and it would be hardly to breakout unless if all huge exchanges would be hacked then it might happen but for now it wont go back on that price.

I think if you really look back and consider how much damage Mt Gox caused and how this was not Bitcoin's fault we "probably" will see BTC at $10,000 within 2-3 years.

But random events like Mt Gox could always happen again of course.
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February 06, 2017, 05:40:40 AM
 #43

Very nice presentation and thank you for that one op.For me i could say it would be already hard to go back again on $600 below price since bitcoin does already have a strong support and it would be hardly to breakout unless if all huge exchanges would be hacked then it might happen but for now it wont go back on that price.

I think if you really look back and consider how much damage Mt Gox caused and how this was not Bitcoin's fault we "probably" will see BTC at $10,000 within 2-3 years.

But random events like Mt Gox could always happen again of course.

MtGox or no Mtgox we wouldn't have been able to see $10,000. that is just unrealistic in short term, even in long term.
MtGox made some damage to bitcoin but in order to see higher prices we still need adoption and it has been 2-3 years of consistent rise and mtGox is over for a long time now, but we haven't seen any bigger rise than 100% a year. because adoption rate is still slow and it doesn't seem to be changing.

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February 06, 2017, 07:29:31 AM
 #44

Very nice presentation and thank you for that one op.For me i could say it would be already hard to go back again on $600 below price since bitcoin does already have a strong support and it would be hardly to breakout unless if all huge exchanges would be hacked then it might happen but for now it wont go back on that price.

I think if you really look back and consider how much damage Mt Gox caused and how this was not Bitcoin's fault we "probably" will see BTC at $10,000 within 2-3 years.

But random events like Mt Gox could always happen again of course.

MtGox or no Mtgox we wouldn't have been able to see $10,000. that is just unrealistic in short term, even in long term.
MtGox made some damage to bitcoin but in order to see higher prices we still need adoption and it has been 2-3 years of consistent rise and mtGox is over for a long time now, but we haven't seen any bigger rise than 100% a year. because adoption rate is still slow and it doesn't seem to be changing.

Nah.
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February 09, 2017, 09:34:24 PM
 #45

Lol 100% a year would reach $10,000 in like approximately four years, so not far off. It would defientlry be possible if Bitcoin returned 100% yearly for a couple years. That is unlikely, but who knows? Bitcoin is crazy lol

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