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Author Topic: Can the price of bitcoin still skyrocket  (Read 9429 times)
South Park
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February 09, 2017, 09:05:07 PM
 #101

Looking at the chart for recent months, and comparing with what happened in 2013, the impression is that the Bitcoin price can in fact skyrocket sooner than we think, but I think technical analysis is not enough, we need to know if the fundamentals are favorable for this to happen.
Not everything can be predicted with charts, there is also other stuff to take into consideration like political news, the influence of the Chinese government and miners, will segwit be activated? And a lot of other factors.



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February 10, 2017, 06:18:03 AM
 #102

Looking at the chart for recent months, and comparing with what happened in 2013, the impression is that the Bitcoin price can in fact skyrocket sooner than we think, but I think technical analysis is not enough, we need to know if the fundamentals are favorable for this to happen.
Not everything can be predicted with charts, there is also other stuff to take into consideration like political new, the influence of the Chinese government and miners, will segwit be activated? And a lot of other factors.
even when segwit finally activated there is still two sides , thos people who support it optimistically say that it could drive bitcoin price up to double and skyrocketing back , but the other side who did not support it feel segwit will have no effect at all.

things become more complicated in bitcoin , i myself prefer to watching this game of price and decide to do long term investment.

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February 10, 2017, 06:51:56 AM
 #103

Looking at the chart for recent months, and comparing with what happened in 2013, the impression is that the Bitcoin price can in fact skyrocket sooner than we think, but I think technical analysis is not enough, we need to know if the fundamentals are favorable for this to happen.
Not everything can be predicted with charts, there is also other stuff to take into consideration like political new, the influence of the Chinese government and miners, will segwit be activated? And a lot of other factors.

Would be nice if the Chin Gov twitters  Cool just to pick up some intelligence early. Some people allready got good results watching the twitterstream of US new president, affecting stock markets.

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February 10, 2017, 09:20:26 AM
 #104

I'm pessimistic, as the price of the bitcoin has gone up 10% and then 20% down, it really makes the price of the bitcoin looks very confusing. Maybe a lot of the speculators who benefit, but to me it is not.
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February 10, 2017, 10:23:22 AM
 #105

Towards the ending of last year a prediction was outrageously made by Saxo Bank which says the price of bitcoin will sky rocket to $2100 which we did experience some huge increase in the price of bitcoin acouple of days after the prediction was made. Soon we had a situation in China which make some people loose their trust in future of bitcoin cos they think a government of any country could do something worst in the future. But with the huge trust in bitcoin we had from people of Japan,Africa,America etc we had some sort of increase in price this days.

The question is could bitcoin still skyrocket to $1000 - $2,100 as predicted?
I believe so, bitcoin price can and will skyrocket to $2000 maybe in this year or in early of 2018.
Every decline of the price mean nothing but an opportunity to buy more bitcoin and spread widely over the world instead of just some countries rules/hold big portion of bitcoin. As you said, people trust in bitcoin and it keeps growing even though there are some obstacles, we will get through.

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February 10, 2017, 01:06:04 PM
 #106

Towards the ending of last year a prediction was outrageously made by Saxo Bank which says the price of bitcoin will sky rocket to $2100 which we did experience some huge increase in the price of bitcoin acouple of days after the prediction was made. Soon we had a situation in China which make some people loose their trust in future of bitcoin cos they think a government of any country could do something worst in the future. But with the huge trust in bitcoin we had from people of Japan,Africa,America etc we had some sort of increase in price this days.

The question is could bitcoin still skyrocket to $1000 - $2,100 as predicted?
I believe so, bitcoin price can and will skyrocket to $2000 maybe in this year or in early of 2018.
Every decline of the price mean nothing but an opportunity to buy more bitcoin and spread widely over the world instead of just some countries rules/hold big portion of bitcoin. As you said, people trust in bitcoin and it keeps growing even though there are some obstacles, we will get through.


not for now men since the figure is to huge and i thin he price will remain playing at 900-1000$ playing at this point, but if good circumstances will occur on this year will theirs a big possibilities that 2000$ thoughs will achievable.

But lets look out for more updates its to early to predict since all i see for now is healthy flactuation and nothing else more and i also believe that their are certain of people who's earning with it for now and they are lucky for following the bitcoins prices up and downs.

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South Park
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February 10, 2017, 06:43:57 PM
 #107

Looking at the chart for recent months, and comparing with what happened in 2013, the impression is that the Bitcoin price can in fact skyrocket sooner than we think, but I think technical analysis is not enough, we need to know if the fundamentals are favorable for this to happen.
Not everything can be predicted with charts, there is also other stuff to take into consideration like political new, the influence of the Chinese government and miners, will segwit be activated? And a lot of other factors.

Would be nice if the Chin Gov twitters  Cool just to pick up some intelligence early. Some people allready got good results watching the twitterstream of US new president, affecting stock markets.
Personally I would not like that, since it is very likely we will not hear good things about bitcoin from the Chinese government and if china went ahead and created a campaign to denounce bitcoin we could see the price losing value very sharply.



.
.BITVEST DICE.
HAS BEEN RELEASED!


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February 10, 2017, 06:54:29 PM
 #108

Towards the ending of last year a prediction was outrageously made by Saxo Bank which says the price of bitcoin will sky rocket to $2100 which we did experience some huge increase in the price of bitcoin acouple of days after the prediction was made. Soon we had a situation in China which make some people loose their trust in future of bitcoin cos they think a government of any country could do something worst in the future. But with the huge trust in bitcoin we had from people of Japan,Africa,America etc we had some sort of increase in price this days.

The question is could bitcoin still skyrocket to $1000 - $2,100 as predicted?
I believe so, bitcoin price can and will skyrocket to $2000 maybe in this year or in early of 2018.
Every decline of the price mean nothing but an opportunity to buy more bitcoin and spread widely over the world instead of just some countries rules/hold big portion of bitcoin. As you said, people trust in bitcoin and it keeps growing even though there are some obstacles, we will get through.
No not this time and i think the possible price that we can touch $1600-$1700 this is i think can be possible price or below.. since the movement of the price is very slow but the margin price increase and low is high..
So for me that is my own estimates.. this year..

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February 10, 2017, 06:55:20 PM
 #109

Looking at the chart for recent months, and comparing with what happened in 2013, the impression is that the Bitcoin price can in fact skyrocket sooner than we think, but I think technical analysis is not enough, we need to know if the fundamentals are favorable for this to happen.
Not everything can be predicted with charts, there is also other stuff to take into consideration like political new, the influence of the Chinese government and miners, will segwit be activated? And a lot of other factors.

Would be nice if the Chin Gov twitters  Cool just to pick up some intelligence early. Some people allready got good results watching the twitterstream of US new president, affecting stock markets.
Personally I would not like that, since it is very likely we will not hear good things about bitcoin from the Chinese government and if china went ahead and created a campaign to denounce bitcoin we could see the price losing value very sharply.
Do you think Chinese government can't do this now? And something is stopping them? Believe me they control internet in China, have regional version of Facebook, Google, Amazon.
They could create the biggest smear campaign in the world if they wanted. They don't need twitter, Facebook or any other western social media for that.
The fact that they are not doing any moves against bitcoin proves that: they either know its value, don't want go too radical, know that it is Chinese miners who control BTC.
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February 10, 2017, 06:55:46 PM
 #110

Personally I would not like that, since it is very likely we will not hear good things about bitcoin from the Chinese government and if china went ahead and created a campaign to denounce bitcoin we could see the price losing value very sharply.
Don't you see bitcoin is being used and adopted by rest of world ?
China may dominate bitcoins but only some certain level. There would be a limit which could not be breached by one group of people nor government due to the fact that bitcoin is omnipresent.

Sharp down fall is the thing I do foresee may not happen like what we encounter when mtgox collapsed. But there are many such exchanges and every other things has an alternate or substituent so we are never going to face any sharp down fall.

Only skyrocketing would be possible in upcoming days.



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February 10, 2017, 07:08:58 PM
 #111

Personally I would not like that, since it is very likely we will not hear good things about bitcoin from the Chinese government and if china went ahead and created a campaign to denounce bitcoin we could see the price losing value very sharply.
Don't you see bitcoin is being used and adopted by rest of world ?
China may dominate bitcoins but only some certain level. There would be a limit which could not be breached by one group of people nor government due to the fact that bitcoin is omnipresent.

Sharp down fall is the thing I do foresee may not happen like what we encounter when mtgox collapsed. But there are many such exchanges and every other things has an alternate or substituent so we are never going to face any sharp down fall.

Only skyrocketing would be possible in upcoming days.
I think that bitcoin can have a very high price, but the same thing always happens, and make bitcoin prices fall back. Well, this is the same as it did in 2013. The people think that bitcoin is dead, and will not have a high price. but, ketka price back up, people back speculated that bitcoin prices will rise higher. I think, this is the same situation. so, bitcoin prices will remain high.


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February 10, 2017, 07:18:01 PM
 #112

Personally I would not like that, since it is very likely we will not hear good things about bitcoin from the Chinese government and if china went ahead and created a campaign to denounce bitcoin we could see the price losing value very sharply.
Don't you see bitcoin is being used and adopted by rest of world ?
China may dominate bitcoins but only some certain level. There would be a limit which could not be breached by one group of people nor government due to the fact that bitcoin is omnipresent.

Sharp down fall is the thing I do foresee may not happen like what we encounter when mtgox collapsed. But there are many such exchanges and every other things has an alternate or substituent so we are never going to face any sharp down fall.

Only skyrocketing would be possible in upcoming days.
I think that bitcoin can have a very high price, but the same thing always happens, and make bitcoin prices fall back. Well, this is the same as it did in 2013. The people think that bitcoin is dead, and will not have a high price. but, ketka price back up, people back speculated that bitcoin prices will rise higher. I think, this is the same situation. so, bitcoin prices will remain high.

I don't think the situation now can be compared to 2013.
At that time a lot of coins were lost. Now every coin is still where it belongs.
China will put on some regulation on exchanges, but to me that is just something that makes bitcoin as a currency more secure.
So to me it is absolutely clear that bitcoin will rise, in acceptance, popularity and price as well.

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February 10, 2017, 11:59:23 PM
 #113

Towards the ending of last year a prediction was outrageously made by Saxo Bank which says the price of bitcoin will sky rocket to $2100 which we did experience some huge increase in the price of bitcoin acouple of days after the prediction was made. Soon we had a situation in China which make some people loose their trust in future of bitcoin cos they think a government of any country could do something worst in the future. But with the huge trust in bitcoin we had from people of Japan,Africa,America etc we had some sort of increase in price this days.

The question is could bitcoin still skyrocket to $1000 - $2,100 as predicted?
Yes, I  guess bitcoin will reach around $2000 by the end of the year. People from Japan might be the reason why bitcoin could rise so fast after significant decrease of the price. The key to get there is simply spread widely, just for make bitcoin adopted by more people in every corner of the world. There are some problems of course such as block size, miners handle transaction, regulations from government, price manipulation or hack issue, but we will overcome and pass through.
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February 11, 2017, 03:31:36 AM
 #114

Towards the ending of last year a prediction was outrageously made by Saxo Bank which says the price of bitcoin will sky rocket to $2100 which we did experience some huge increase in the price of bitcoin acouple of days after the prediction was made. Soon we had a situation in China which make some people loose their trust in future of bitcoin cos they think a government of any country could do something worst in the future. But with the huge trust in bitcoin we had from people of Japan,Africa,America etc we had some sort of increase in price this days.

The question is could bitcoin still skyrocket to $1000 - $2,100 as predicted?
Yes, I  guess bitcoin will reach around $2000 by the end of the year. People from Japan might be the reason why bitcoin could rise so fast after significant decrease of the price. The key to get there is simply spread widely, just for make bitcoin adopted by more people in every corner of the world. There are some problems of course such as block size, miners handle transaction, regulations from government, price manipulation or hack issue, but we will overcome and pass through.
Yes, I think so cause the price of bitcoin went down after The People's Bank of China (PBOC) issued a
statement on Thursday regarding the meeting they held with nine Chinese exchanges. Although, the price quickly regained back to $1000 only hours later and I guess Japan,US,Slovenia etc were the reason for that.

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February 11, 2017, 03:47:41 AM
 #115

Towards the ending of last year a prediction was outrageously made by Saxo Bank which says the price of bitcoin will sky rocket to $2100 which we did experience some huge increase in the price of bitcoin acouple of days after the prediction was made. Soon we had a situation in China which make some people loose their trust in future of bitcoin cos they think a government of any country could do something worst in the future. But with the huge trust in bitcoin we had from people of Japan,Africa,America etc we had some sort of increase in price this days.

The question is could bitcoin still skyrocket to $1000 - $2,100 as predicted?
Yes, I  guess bitcoin will reach around $2000 by the end of the year. People from Japan might be the reason why bitcoin could rise so fast after significant decrease of the price. The key to get there is simply spread widely, just for make bitcoin adopted by more people in every corner of the world. There are some problems of course such as block size, miners handle transaction, regulations from government, price manipulation or hack issue, but we will overcome and pass through.
Yes, I think so cause the price of bitcoin went down after The People's Bank of China (PBOC) issued a
statement on Thursday regarding the meeting they held with nine Chinese exchanges. Although, the price quickly regained back to $1000 only hours later and I guess Japan,US,Slovenia etc were the reason for that.

there is a possibility also to continue dumping if some whale investor discouraged on what happened on china issue. If they pull out there investment, i think their will be huge breakdown on bitcoin price and expect to the chaos in cryptoworld

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February 11, 2017, 12:23:42 PM
 #116

I'm pessimistic, as the price of the bitcoin has gone up 10% and then 20% down, it really makes the price of the bitcoin looks very confusing. Maybe a lot of the speculators who benefit, but to me it is not.


As a newbie you might not bitcoin value is volatile. Many speculations are saying that bitcoin value is move to skyrocket and in furure. According to me its true I think because, Price bump mostly depend upon and supply, demand and adoption. We see that many adoption for btc as a payment and mode of payment.
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February 11, 2017, 02:53:34 PM
 #117

There are many people who filled their btc bags from 750$'s after the most recent dumpfest. Some of them will eventually dump their bags and enjoy their profits, which means there might be another dump session ahead.

Skyrocketing is over now. No more fuel left. From now on, its the same old pump&dump game.

It depends. If you look closely, then a few dumps have attempted to get the price to go down, but the opposite happened. If the market keeps moving as it is doing right now, then I wouldn't be surprised if we see +$1100 prices next week. But then again, how long will the market be able to sustain +$1100 prices. For some reason people don't feel very comfortable at +$1000 levels. It needs time to get people to feel comfortable. As long as that doesn't happen, then for sure the $1000 level isn't safe. Either way, if you just keep holding your coins then you'll find out what will happen.

The point here to note is that people thought when the bitcoin will cross 1000$, there will be massive dumping. Dumping did happen but not as much as it was anticipated. Price again become stable at 1000$ and this only means that bitcoin is no more a pump dump coin and price above 1000$ is a stable price. This trust will serve as a fuel for growth and bitcoin will skyrocket but slowly.

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February 11, 2017, 02:55:07 PM
 #118

This is certain at 99% that it will reach this price in the coming decade. However, if you see it reaching this price this year, I think you will be disappointed, as we increased already very much and there is plenty of time between two rises.

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February 11, 2017, 08:41:52 PM
 #119

This is certain at 99% that it will reach this price in the coming decade. However, if you see it reaching this price this year, I think you will be disappointed, as we increased already very much and there is plenty of time between two rises.
You can't lose hope. I think this year is really goof for bitcoin in terms of price as most of the time it was 900$++ and reached $1000 couple of times.
I don't think it will be a challenge for bitcoins to reach $2000 this year if china doesn't interfere in the working od bitcoins like they have done in past months. Also this year I have also seen bitcoin gaining lot's of attention which I think would really be good for it to reach 2000$ or maybe 1500$.

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February 11, 2017, 09:41:14 PM
 #120

This is certain at 99% that it will reach this price in the coming decade. However, if you see it reaching this price this year, I think you will be disappointed, as we increased already very much and there is plenty of time between two rises.

You can't lose hope. I think this year is really goof for bitcoin in terms of price as most of the time it was 900$++ and reached $1000 couple of times.
I don't think it will be a challenge for bitcoins to reach $2000 this year if china doesn't interfere in the working od bitcoins like they have done in past months. Also this year I have also seen bitcoin gaining lot's of attention which I think would really be good for it to reach 2000$ or maybe 1500$.

I have been used to slow rises as I live the 2015 year a.k.a. 200$ flat year, so this all, since November 2015 seems to fast for me. In one year and a half we went from 200$ to 1000$. This may be the result of a increasing exposure, but I do not think so. We need to calm down a bit to make it sustainable.

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