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Author Topic: Can the price of bitcoin still skyrocket  (Read 9444 times)
SvenBomvolen
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February 14, 2017, 09:58:38 PM
 #141

I think it may come true one day. The day will come, when the masses will be "run bitcoin", as well as it used to happen with gold. Another reason for the growth of BTC lies in its limited circulation (~21 million) and increasing of the demand. The increase in demand will push the growth of investments in the cryptocurrency, which over time will contribute to dynamic growth.
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February 14, 2017, 10:21:47 PM
 #142

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.

Or possible a price manipulation.  If there is an irregularities in price like a sudden increase in price of Bitcoin forming a temporary bubble, this means that someone is pushing the price up for possible dump once the target price is achieved.  Or someone is spreading FUD to make the price down, then someone wants to buy really cheap. 



The possible trigger would be the approval of ETF, since lots will follow this trail and those who are hesitant to jump in to Bitcoin wagon will no doubt starts boarding that Bitcoin wagon.  We can see Bitcoin starts to skyrocket from here.

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February 14, 2017, 10:33:41 PM
 #143

The bitcoin price can still skyrocket in my opinion. It can skyrocket if there are some kind of demand that will drive it up to some point of price or if someone manipulates it to reach a certain target then dump. Right now bitcoin's price is around 1,008 US Dollars according to preev and who knows tomorrow or some weeks after this day, the price might be more than it or less only time can tell the price in the future.
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February 14, 2017, 10:41:38 PM
 #144

The bitcoin price can still skyrocket in my opinion. It can skyrocket if there are some kind of demand that will drive it up to some point of price or if someone manipulates it to reach a certain target then dump. Right now bitcoin's price is around 1,008 US Dollars according to preev and who knows tomorrow or some weeks after this day, the price might be more than it or less only time can tell the price in the future.

Indeed, Bitcoin economy is still young and yet meet the saturation of its market.  Aside from that,  if we take the ratio of Bitcoin to world population and the current user or supporter of Bitcoin, there is no way for bitcoin but to go up in price.


     
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February 14, 2017, 10:56:52 PM
 #145

We're already on the moon and you just sleep or something, just 2 weeks ago people were talking about $850+ prices to be a good price and they were happy with $925 throwing parties, did you know miners in China are mining each bitcoin with only spending $500?

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February 15, 2017, 03:08:52 AM
 #146

We're already on the moon and you just sleep or something, just 2 weeks ago people were talking about $850+ prices to be a good price and they were happy with $925 throwing parties, did you know miners in China are mining each bitcoin with only spending $500?
This might not yet be the peak price as we are seeing that there is still a lot of movement and we all know the potential of bitcoin to break new highs very quickly. We just have to watch out for when the market overheats and if the price climbs too fast, chances are it is going down fast, as well.
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February 15, 2017, 03:58:41 AM
 #147

As many have already said, bitcoin still has a long way to go before it stabilizes and gains trust with the mainstream population. Until that happens we could see prices jump to 2500 before crashing back to 600 the next time the Chinese do something

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February 15, 2017, 07:50:35 AM
 #148

As many have already said, bitcoin still has a long way to go before it stabilizes and gains trust with the mainstream population. Until that happens we could see prices jump to 2500 before crashing back to 600 the next time the Chinese do something

bitcoin is now a long way from becoming mainstream and being mass adopted. but it is already an investment, and lots of people are trading it with serious money and that makes any kind of bubble or crash impossible at this point. so forget about $2500 and $600 just because country X did something.














 

 

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February 15, 2017, 08:36:07 AM
 #149

As many have already said, bitcoin still has a long way to go before it stabilizes and gains trust with the mainstream population. Until that happens we could see prices jump to 2500 before crashing back to 600 the next time the Chinese do something

bitcoin is now a long way from becoming mainstream and being mass adopted. but it is already an investment, and lots of people are trading it with serious money and that makes any kind of bubble or crash impossible at this point. so forget about $2500 and $600 just because country X did something.

I'd have to disagree. Bitcoin's price has always been very volatile. The Mt. Gox and Silk Road incidents both had very big influences on bitcoin's price and they're not even countries. If a country or hell maybe even just a group of whales do something they could definitely sway the price in their favor.

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February 16, 2017, 10:34:01 PM
 #150

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.
I think that the greatest obstacle to mass adoption of bitcoin are not the central banks but the misinformation spread my the media in an effort to scare the average Joe's from adopting something that  could benefit them enormously but due to the scare tactics they have not done so.



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March 09, 2017, 10:37:42 PM
 #151

I have less and less home that bitcoin price will go skyrocket because look how now price is going so slow up so that means that bitcoin skyrocketing time ended and that now bitcoin price will grow with less speed.
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March 11, 2017, 10:38:56 PM
 #152

I have less and less home that bitcoin price will go skyrocket because look how now price is going so slow up so that means that bitcoin skyrocketing time ended and that now bitcoin price will grow with less speed.
The price per a bitcoin was down little due disapproving order issued by the U.S. Securities and Exchange Commission (SEC) to trade Coin ETF. But the price rebounce back to $1200 today before stable at $1179. With all this you will knew bitcoin is so strong and any good tiding can happen through it any time.

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March 12, 2017, 03:59:14 AM
 #153

I have less and less home that bitcoin price will go skyrocket because look how now price is going so slow up so that means that bitcoin skyrocketing time ended and that now bitcoin price will grow with less speed.
The price per a bitcoin was down little due disapproving order issued by the U.S. Securities and Exchange Commission (SEC) to trade Coin ETF. But the price rebounce back to $1200 today before stable at $1179. With all this you will knew bitcoin is so strong and any good tiding can happen through it any time.
In the near future bitcoin doesn't have any major event or expected financial order similar to the past etf. So only the gradual growth is the option to take price to skyrocket. The price moving forward shows the increased possibility to go at least over $1200 in the upcoming weeks or in a short time period.



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March 12, 2017, 04:01:49 AM
 #154

I have less and less home that bitcoin price will go skyrocket because look how now price is going so slow up so that means that bitcoin skyrocketing time ended and that now bitcoin price will grow with less speed.
With bitcoin anything can happen but I know it going to be the positive result and the price currently stable and strong at $1100- 1189 which we can the price at $1500 next week.
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March 12, 2017, 04:43:36 AM
 #155

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 - $2,100 as predicted?
In my opinion everything is possible in the bitcoin world . Because I already saw in the history that how does the price of the bitcoin goes diverted and again got reverse . About every predictions for the increase in the price about the Bitcoin was waste Because the price of the bitcoin increases to the above of the prediction price that was avg. 500$/BTC .
So here I think it is possible that it's price reached to 2100$ but it will take time of about 1 year .


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March 12, 2017, 05:28:07 AM
 #156

I have less and less home that bitcoin price will go skyrocket because look how now price is going so slow up so that means that bitcoin skyrocketing time ended and that now bitcoin price will grow with less speed.
The price per a bitcoin was down little due disapproving order issued by the U.S. Securities and Exchange Commission (SEC) to trade Coin ETF. But the price rebounce back to $1200 today before stable at $1179. With all this you will knew bitcoin is so strong and any good tiding can happen through it any time.
Bitcoin is really strong right now, but i think more people are focusing into the other coins, And SEC is not mean anything to give an impact for the bitcoin itself. We will see something new in the future and i guess just try to hold our coin for the future. and it can be a good thing for us in the future.


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March 12, 2017, 06:00:33 AM
 #157

I have less and less home that bitcoin price will go skyrocket because look how now price is going so slow up so that means that bitcoin skyrocketing time ended and that now bitcoin price will grow with less speed.
The price per a bitcoin was down little due disapproving order issued by the U.S. Securities and Exchange Commission (SEC) to trade Coin ETF. But the price rebounce back to $1200 today before stable at $1179. With all this you will knew bitcoin is so strong and any good tiding can happen through it any time.
Bitcoin is really strong right now, but i think more people are focusing into the other coins, And SEC is not mean anything to give an impact for the bitcoin itself. We will see something new in the future and i guess just try to hold our coin for the future. and it can be a good thing for us in the future.
although the price of bitcoin is very high at the moment, I believe that the price is still going up in a few moments. I believe that this year the price of bitcoin can reach prices of more than $ 2,000, therefore, I worked hard to earn bitcoin.

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March 12, 2017, 06:07:05 AM
 #158

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 - $2,100 as predicted?
I think yes , the price will go soon to upto 2000$ per bitcoin Because the number of people are increasing speedly in the bitcoin and that is seems to be uncontrollable to stop the entry of the newbie and opposite of these the demand of the Bitcoin is going increasing .

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March 13, 2017, 03:36:55 PM
 #159

In the previous months the price of bitcoin was really skyrocket showing faster rise of its price in the market, but for now it as stablizing at $1300. The significant past good performance really impressed everyone, thinking that it will always remain to the current state it has. Actually it's more our economy of a country sometimes the economic growth rises and there were times it falls down, and that's how bitcoin behaves from the few weeks passed by.


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traderethereum
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March 13, 2017, 04:05:37 PM
 #160

i am sure that the price of bitcoin still skyrocket but i think it would not happen in just three month because its need more factor that can make the price is increase or skyrocket. but for now, i think the price is really high if we compare from the last year and its in the higher price for this year.

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