Can the price of bitcoin still skyrocket

[Dr.Osh]

the price rise has begun. bitcoin prices will probably stabilize at the price of $ 1,000. I think, this has not stopped for a ride, so I thought, this is probably the right time to see the price of bitcoin back up, and back to skyrocket.

[hulla]

The longer Bitcoin stays around with people using it, the stronger and better it's bound to get. The biggest consideration on whether it will skyrocket are adaptability and government along with different industries acceptance. One big news, and the price is bound to skyrocket.

You made a good point mate cos the price of bitcoin lately and I think is due to the news of Satoshipay trying to bring Bitcoin mainstream, President Trump want to be “Bitcoin Friendly" etc.

And one big negative news then bitcoin price will fall down again, don't forget how volatile the price is.
We already have different big industries accepted bitcoin transaction, including Microsoft. But we need more time to spread widely, all the obstacles and problems should be solved but we often constrained by consensus (pro-contra).

But I don't think that will happen pretty soon and if such a thing will happen the price won't go below $1000 cos there's a lot of stuff going on right now, like EY raising awareness about using bitcoin atm at the World Web Forum and online shops owner now believing accepting Bitcoin brings them a whole new customers. So, all this will help stable the price of bitcoin.

[marcoman22]

Bitcoin,the dominant digital currency is making its way onto the board room agendas of Fortune 500 companies.Against a back drop of currency wars and manipulation,volatility in equity markets, investors need diversification intheir portfolios and Bitcoin might be their asset.Decision taken by UK to leave european union would have made its people to think of investing in bitcoin rather than traditional currencies.In india, due to demonitization,many indians are pushed towards gold, silver and bitcoin.Beyond the market situations,investors all over the world have started to realize that their bitcoin hoard is secured from hackers as all transactions involving Btc are irreversible.So,Bitcoin price will skyrocket.

[dhampir-D]

I think it is better that the price increase gradually, through a real increase in demand, not through pure manipulation. I think that by the end of the year it will be possible to see Bitcoin in the two thousand dollar range, and many experts think the same, but it is better not to have exaggerated expectations, because things are uncertain in this market.

[hulla]

Bitcoin,the dominant digital currency is making its way onto the board room agendas of Fortune 500 companies.Against a back drop of currency wars and manipulation,volatility in equity markets, investors need diversification intheir portfolios and Bitcoin might be their asset.Decision taken by UK to leave european union would have made its people to think of investing in bitcoin rather than traditional currencies.In india, due to demonitization,many indians are pushed towards gold, silver and bitcoin.Beyond the market situations,investors all over the world have started to realize that their bitcoin hoard is secured from hackers as all transactions involving Btc are irreversible.So,Bitcoin price will skyrocket.

It good people are moving to bitcoin and almost the samething which happen in india happened in Venezuela. Besides, some people hardly get the money for drugs, some are saying thank you to bitcoin and it sad that bitcoin crackdown is happening there right now since February 3rd due to the Bitcoin exchange Surbitcoin’s banking partner (Banesco) closed the firm’s account and Surbitcoin temporarily put there services on hold.

[AUDREY23]

can certainly bitcoin prices will skyrocket, but remained above $ 1,000 but will not touch the price of $ 1500, let alone by 2100 it still took a few more years in the future, bitcoin prices rise and fall depending on the users of his in the deal, because that is the most favorable factor

[BigBos]

Well, today many people who believe that prices will be higher bitcoin. so I believe that bitcoin prices still have the potential to skyrocket, even that it might happen in the near future, and may occur repeatedly. bitcoin does have a high price, but I think it still has a higher potential again to get a higher price.

[South Park]

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 could happen but, does it even matter? If you are in bitcoin because you believe in the technology and not just to make some quick buck then it does not matter if it skyrockets or we just see a slow appreciation in price, the opportunities will present themselves and you will be there to take advantage of it.

[swogerino]

It has skyrocketed past what everyone's expectations were coming into the year.
This soon nobody would have said it was so close to the barrier of the Ath high of three some odd years ago.

[Tanic]

I didn't quite understand what means "skyrocket", sorry for my English. Does it mean the fast rise or some huge price?

[angaper]

I didn't quite understand what means "skyrocket", sorry for my English. Does it mean the fast rise or some huge price?

Someone has already invented "Google", my friend.

Of course I think bitcoin has an inherent value and that is why I don't think its price only depends on the Chinese regulations. I am convinced that the alleged influence of China in the bitcoin behavior is mere speculation and that country is extremely overvalued for bitcoiners.

[Fireblade]

I think it is better that the price increase gradually, through a real increase in demand, not through pure manipulation. I think that by the end of the year it will be possible to see Bitcoin in the two thousand dollar range, and many experts think the same, but it is better not to have exaggerated expectations, because things are uncertain in this market.

and real increase in the price of bitcoin is possible if the demand of bitcoin is increasing and the demand can only be increase if the mass adaption of bitcoin will increase. and mass adaption can only increase if people will take interest in bitcoin and people will only take interest in bitcoin if they are getting knowledge about bitcoin. and i think it is our duty to introduce bitcoin to all the people of the world, i think as soon as the number of bitcoin users are increasing the manipulating of bitcoin price is becoming more and more difficult.

[Carmen_Sandiego]

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.

[hase0278]

The price of bitcoin can still skyrocket I think. As far as we can see, it's price is slowly moving upwards but it looks healthy that way. In the next few weeks or months, There will be a skyrocket if this current pump continues and many more users might start using bitcoin too that might help drive the price up even more. The bitcoin holders also help in this current pump by not selling all the coin they got now.

[n0ne]

The price of bitcoin can still skyrocket I think. As far as we can see, it's price is slowly moving upwards but it looks healthy that way. In the next few weeks or months, There will be a skyrocket if this current pump continues and many more users might start using bitcoin too that might help drive the price up even more. The bitcoin holders also help in this current pump by not selling all the coin they got now.

The price of bitcoin is quite stable and moving within certain limits. The market of China as well other issues haven't impacted much. This is the real potential growth, expect that the price will skyrocket soon, else can experience by the middle of the year , as the price is in the increasing phase from the year start.

[BTCLovingDude]

The price of bitcoin can still skyrocket I think. As far as we can see, it's price is slowly moving upwards but it looks healthy that way. In the next few weeks or months, There will be a skyrocket if this current pump continues and many more users might start using bitcoin too that might help drive the price up even more. The bitcoin holders also help in this current pump by not selling all the coin they got now.

unless something big happens you really shouldn't expect a skyrocket price meaning a huge fast price jump. and that something big can be mass adoption or some other similar news of a big company adopting bitcoin.

instead you should be expecting slow price rise similar to the past few years of bitcoin price rises.

[hulla]

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 could happen but, does it even matter? If you are in bitcoin because you believe in the technology and not just to make some quick buck then it does not matter if it skyrockets or we just see a slow appreciation in price, the opportunities will present themselves and you will be there to take advantage of it.

What you said right here mate remind me of the MIT technology saying " cryptocurrency has reached a three-year high, but it doesn’t matter". My believe is that someone which use bitcoin as investment ought to have glad tidings through it.

[mindrust]

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.

[Slark]

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.

Don't try to compare previous bitcoin bubbles from 4 years ago and older while trying to seek resemblance to our current bitcoin situation.
It most likely won't work like that, what you will bet is biased opinion. That bubble in 2013 wasn't caused by organic trading.
It was mix of MtGox being already insolvent (which pushed ATH even higher, and no one ever sold BTC for $1242 at MtGox), rampant Chinese martingale trading and crazy Willie bot.

[1Referee]

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.