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Author Topic: Can the price of bitcoin still skyrocket  (Read 9415 times)
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February 11, 2017, 09:45:16 PM
 #121

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.
Of course bitcoin is being adopted all over the world but to deny China power and influence it is a mistake, they could not destroy bitcoin, since bitcoin it is resistant but there is no doubt bitcoin could be affected negatively by the decision of the Chinese government.



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February 11, 2017, 09:49:30 PM
 #122

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.
Of course bitcoin is being adopted all over the world but to deny China power and influence it is a mistake, they could not destroy bitcoin, since bitcoin it is resistant but there is no doubt bitcoin could be affected negatively by the decision of the Chinese government.

Or greatly positively, and this is what I like much. They could regulate it and you hit the gold paradise or they could devaluate again the yuan and the same would apply, in a less important way though.

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February 12, 2017, 12:49:21 AM
 #123

It is difficult to price the bitcoin can skyrocket again, early yesterday seemed to many observers are convinced that prices will not skyrocket and bitcoin dropped below $1.000, but the fact that it happened. even yesterday's price reaches highest in this year, but back down.
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February 12, 2017, 01:14:54 AM
 #124

It is difficult to price the bitcoin can skyrocket again, early yesterday seemed to many observers are convinced that prices will not skyrocket and bitcoin dropped below $1.000, but the fact that it happened. even yesterday's price reaches highest in this year, but back down.
It's pretty much random when prices go up and down in most cases, although events also influence the changing of prices. Bitcoin has a chance for its price to go up and up every day but that doesn't mean it'll happen. For one, the price rise this year was partially caused by the fact that the block halving cut the supply being created and the effects slowly came into effect at the end of 2016 with the huge price rise.














 

 

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February 13, 2017, 04:09:06 AM
 #125

It is difficult to price the bitcoin can skyrocket again, early yesterday seemed to many observers are convinced that prices will not skyrocket and bitcoin dropped below $1.000, but the fact that it happened. even yesterday's price reaches highest in this year, but back down.
It's pretty much random when prices go up and down in most cases, although events also influence the changing of prices. Bitcoin has a chance for its price to go up and up every day but that doesn't mean it'll happen. For one, the price rise this year was partially caused by the fact that the block halving cut the supply being created and the effects slowly came into effect at the end of 2016 with the huge price rise.

it has never been "random".
there is always some reason behind it. the small changes are simply because of the short fluctuations of the small buys and sells than random people make. and the bigger ones are always because of the change in demand, and that demand sometimes take effect from events and news and sometimes from whales removing their walls.



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February 13, 2017, 05:24:04 AM
 #126

It is difficult to price the bitcoin can skyrocket again, early yesterday seemed to many observers are convinced that prices will not skyrocket and bitcoin dropped below $1.000, but the fact that it happened. even yesterday's price reaches highest in this year, but back down.
It's pretty much random when prices go up and down in most cases, although events also influence the changing of prices. Bitcoin has a chance for its price to go up and up every day but that doesn't mean it'll happen. For one, the price rise this year was partially caused by the fact that the block halving cut the supply being created and the effects slowly came into effect at the end of 2016 with the huge price rise.

Yeah I agree bitcoin has really a chance to go up everyday with a minimal decrease fluctuation. When the demand continued to rise high it maybe a reason that the price will still skyrocket. It could be same as this thread quoted above the effects slowly came at the end of 2016 which ended with big rise of price.


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February 13, 2017, 06:24:14 AM
 #127

Looking at the current conditions I don't think bitcoin can skyrocket because miners,exchangers are all under pressure from some central bank denying mass adoption of bitcoin, we the users are also panic selling whenever a bubble presents its self.

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February 13, 2017, 07:08:56 AM
 #128

of course it can,the past events only proved that bitcoin price is going to grow
despite all the negativity,blockchain congestion,chinese exchanges regulations and so on
some predict 10.000$ ,some say it is going to be 2.500$
the nature of the limited supply is such that the commodity becomes useless and it price drops or it remains
valuable and its price increases gradually and inevitably

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February 13, 2017, 08:06:57 AM
 #129

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?

It is possible, bitcoin has a potential to have a much higher value that it is already now but it needs time and the community who use bitcoin should be increased more, the price increases gradually if more and more businesses accept bitcoin and the number of hacks/ransomware decreases because it is giving bitcoin a bad marketing.

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February 13, 2017, 08:24:47 AM
 #130

Those being skeptical about the price of bitcoin skyrocketing are in a for a shock. Just a year ago, the price was below $200 mark, 12 months later, it is five times more. What I have realized with the trends in bitcoin is that due to its unregulated nature, a small trigger will cause enormous changes in the price of bitcoin. That is why I always say that anything is possible with the price of bitcoin. A very small trigger will cause it to skyrocket and even fall below the $100 mark.

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February 13, 2017, 10:01:34 AM
 #131

Down right just below $1k again, I hope this level is the new base, as it only gets more exciting from here!  Grin

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February 13, 2017, 10:54:30 AM
 #132

I said before that it is necessary an extraordinary tragedy, if there is 2016 halving day, so the price goes up to 300%, then if there are no special events will be difficult to skyrocket and looks stagnan without surprise.
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February 13, 2017, 03:24:38 PM
 #133

Down right just below $1k again, I hope this level is the new base, as it only gets more exciting from here!  Grin

blow $1000 yes but down to $990-$996 and just FYI it is a -1% drop and in bitcoin standards of price movement, that kind of change whether it is rise or drop doesn't even count!

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February 14, 2017, 01:22:20 AM
 #134

It will get there at some point. I would predict that will take a year or more, but I 'm pretty confident that it will get there eventually.

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February 14, 2017, 01:34:42 AM
 #135

More miners join more difficulty increases as a result price should've gone much higher than $1200 but because of the recent arguments about block size and many are now wonder whether developers are competent enough or not, price has to go higher than $1500 in next 3 months or mining will be unprofitable.


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February 14, 2017, 03:26:27 AM
 #136

I bet yes, bitcoin hold the price to 900 to 1100$. Which is the highest stable price in 8 years. Bitcoin could double or triple this price if all the missing part of bitcoin is filled.

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February 14, 2017, 02:35:06 PM
 #137

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

What happen is that Chinese exchanges was accounted for 42 percent of all bitcoin while yuan was accounted for 98 percent of bitcoin trading early this year. So must of the investors were nervous due to what happened in China cause they think rally or plunge may occur and I believe no one will like to his/her investment.
Nevertheless, one thing I'm reassure of is that bitcoin is strong that this and we the user have a lot of home work to do either online or offline and thanks to Tealet for decentralizing the Tea business with bitcoin Smiley


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$. This may be the result of a increasing exposure, but I do not think so. We need to calm down a bit to make it sustainable.
You said you don't think the increasing in exposure of bitcoin cause the increase in price from 200$ to 1000$? I have a question for you. Why would the company like Yolodice.com I campaign for and the bank you work for applied us? 
Why did ask us to use their signatory code? Mate, exposure is also the key of business.

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February 14, 2017, 03:46:33 PM
 #138

I bet yes, bitcoin hold the price to 900 to 1100$. Which is the highest stable price in 8 years. Bitcoin could double or triple this price if all the missing part of bitcoin is filled.
Stable price in 8 years?? we had faced 2 halving again in the next 8 years if the price not rise, I guess bitcoin users will start to leave bitcoin. we know every time after halving the price would rise.

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February 14, 2017, 04:01:28 PM
 #139

It is difficult to price the bitcoin can skyrocket again, early yesterday seemed to many observers are convinced that prices will not skyrocket and bitcoin dropped below $1.000, but the fact that it happened. even yesterday's price reaches highest in this year, but back down.
It's pretty much random when prices go up and down in most cases, although events also influence the changing of prices. Bitcoin has a chance for its price to go up and up every day but that doesn't mean it'll happen. For one, the price rise this year was partially caused by the fact that the block halving cut the supply being created and the effects slowly came into effect at the end of 2016 with the huge price rise.
The fluctuation on the price of bitcoin is not random, when you see small fluctuations in price then that only means that the bears or bulls are pushing harder than their counterparts, when you see a huge change in price means something happened, like a hack or an important announcement.



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Rainbot
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February 14, 2017, 04:05:36 PM
 #140

and when I see how many people are involved with bitcoins, less then 1 % of population, increasing number on users on 5 % of world population or even more bitcoin can really become revolution


7479901500 - world population
100,000,000 - BTC users in 2016
In that way 1% is 74,799,015

Yeah the actual number of people involved is still a tiny fraction, i dont know anyone IRL who really knows much about BTC yet.  I have been using it to pay for some thing IRL via gift cards mostly.


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