$3000+ on sight for this year after BUcoin disaster

[Gotottack]

Another factor to consider is the fact that a lot of well traded altcoins are moving up, most of them have all gone up by half of their prices so people might be riding that out first then move back to bitcoins.

But in my analysis, there are group of traders meant only for altcoin trading and also most of the traders are having separate capital for altcoin trading and for bitcoin trading so they are not messing up at the same time they are not waiting for one opportunity and hence they do not need to move funds here and there when opportunities are possible.

Yes that is true, however that is causing the drop too. Since people are really skeptical about what will happen to bitcoins, people tend to move away from it temporarily. The altcoins only traders catches this opportunity and pump coins they want and this looks like a guiding light for people moving away currently out of bitcoins.

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[tokeweed]

The fears of a hard fork were bringing clouds on the bitcoin price, with some people planning to short or go back to fiat, but those fears are now cleared after BUcoin collapsed. Now Core can keep doing a good job keeping our BTC safe, the price will keep organically growing, and let's hope that miners start being reasonable after this and adopt segwit, but with or without segwit price will keep going up because bitcoin is still insanely undervalued.

Really?  3000 USD just because of the 'BU disaster'?  How can you come up with none sense such as this?  I mean I know you're excited and all, and that you want Segwit activated but if the 'disaster' is what really makes you think that will make BTC surge to 3000 USD, then you need to get your head checked.

[Denker]

The fears of a hard fork were bringing clouds on the bitcoin price, with some people planning to short or go back to fiat, but those fears are now cleared after BUcoin collapsed. Now Core can keep doing a good job keeping our BTC safe, the price will keep organically growing, and let's hope that miners start being reasonable after this and adopt segwit, but with or without segwit price will keep going up because bitcoin is still insanely undervalued.

Really?  3000 USD just because of the 'BU disaster'?  How can you come up with none sense such as this?  I mean I know you're excited and all, and that you want Segwit activated but if the 'disaster' is what really makes you think that will make BTC surge to 3000 USD, then you need to get your head checked.

Maybe OP read about Vinny Lingham's blogpost on medium.
Vinny himself wrote that a price of 2000-3000USD wouldn't be impossible if nothing really shitty (like a contentious hardfork for instance) happens.
So do you say that Vinny was publishing nonsense as well? That guy had been on spot very often in the last few years!!

[Kemarit]

The fears of a hard fork were bringing clouds on the bitcoin price, with some people planning to short or go back to fiat, but those fears are now cleared after BUcoin collapsed. Now Core can keep doing a good job keeping our BTC safe, the price will keep organically growing, and let's hope that miners start being reasonable after this and adopt segwit, but with or without segwit price will keep going up because bitcoin is still insanely undervalued.

Really?  3000 USD just because of the 'BU disaster'?  How can you come up with none sense such as this?  I mean I know you're excited and all, and that you want Segwit activated but if the 'disaster' is what really makes you think that will make BTC surge to 3000 USD, then you need to get your head checked.

Maybe $3000 is possible but not because of  the "BU disaster". I agree with you it doesn't make sense.  ETF decision is a non factor already and we have proved it. $3000 is achievable for me because I think the positive effect of the ETF decision is that bitcoin has open doors for a lot of speculators and investors and maybe looking at bitcoin market as a good portfolio to put investment with. So a lot of cash will flow to bitcoin ecosystem, so maybe at the year end, we are knocking at the door with $2000-$3000 in sight.

[1Referee]

ETF decision is a non factor already and we have proved it.

$3000 is achievable for me because I think the positive effect of the ETF decision is that bitcoin has open doors for a lot of speculators and investors and maybe looking at bitcoin market as a good portfolio to put investment with.

First you say that the ETF decision is a non factor, and right after that you say that the $3000 level is achievable due to the positive effect of the ETF decision. What is it now?

So a lot of cash will flow to bitcoin ecosystem, so maybe at the year end, we are knocking at the door with $2000-$3000 in sight.

The speculators and investors from all kinds of institutions that you are referring to, are purely interested in this ETF. No ETF means no money from them flowing "into" Bitcoin. I think you either phrased your post in the wrong way, or you simply don't know how things work in the market, because you are giving opposite signals.

[Technicality]

Another factor to consider is the fact that a lot of well traded altcoins are moving up, most of them have all gone up by half of their prices so people might be riding that out first then move back to bitcoins.

But in my analysis, there are group of traders meant only for altcoin trading and also most of the traders are having separate capital for altcoin trading and for bitcoin trading so they are not messing up at the same time they are not waiting for one opportunity and hence they do not need to move funds here and there when opportunities are possible.

As soon as Bitcoin is looking up, the traders will start flocking to Bitcoin again.  Many people who buy altcoins, especially the flawed but well marketed ones like DASH, are quite naive newbies who don't realise that Bitcoin will continue to be the strongest cryptocurrency for a long time, and if they want to change it they need to contribute to sides which argue about where to take its open source code.  I think that after the scaling solutions are dealt with and the fear of BU is past us, I do agree, Bitcoin is on its way to the top.

[rajasumi3]

With the effect of bu and segwit it may happen that the price of bitcoins may slown down , it s major drawback for bitcoins.

[joshy23]

With the effect of bu and segwit it may happen that the price of bitcoins may slown down , it s major drawback for bitcoins.

Yes it has a negative effect on the price of bitcoin. We already saw it when there was an imminent hard fork looming. But since the issue has been forgotten the price is slowly recovering at $1100-$1200 now. I hope there is no news that will impact the price of bitcoin right now because the price really looks good and $3000 is in the horizon.

[lionheart78]

It is not the HF that pulls down the price of Bitcoin, HF is healthy if implemented the right way.  It was the FUD spread around to pull the price of Bitcoin and stalled it.  I can't see $3000 dollar for now.  Since the mountain of $2000 had not been leveled.  Let us see if Bitcoin will break its recent ATH first before saying anything that looks like an exaggeration.

[SONG GEET]

It is not the HF that pulls down the price of Bitcoin, HF is healthy if implemented the right way.

Yes it is only FUD about HF that pulled down the price because we may not see HF in near future or never. 

HF can't be healthy if there will be network split which is quite likely due to block size debate between core team , BU team and many others.

[richardsNY]

It is not the HF that pulls down the price of Bitcoin, HF is healthy if implemented the right way.  It was the FUD spread around to pull the price of Bitcoin and stalled it.  I can't see $3000 dollar for now.  Since the mountain of $2000 had not been leveled.  Let us see if Bitcoin will break its recent ATH first before saying anything that looks like an exaggeration.

It is all the speculation around the HF that takes the price down. In this case, it can only be an unsuccessful HF because the majority of the community stands behind core, and a very small minority (but with just enough power to initiate a fork) supports BU. It's a chain split that gets the community and traders worried, and rightfully so. BU is an attempt to take over Bitcoin in a hostile manner.

[peter0425]

It is not the HF that pulls down the price of Bitcoin, HF is healthy if implemented the right way.  It was the FUD spread around to pull the price of Bitcoin and stalled it.  I can't see $3000 dollar for now.  Since the mountain of $2000 had not been leveled.  Let us see if Bitcoin will break its recent ATH first before saying anything that looks like an exaggeration.

Exactly. Those FUD are like a plague in this forum and thread after thread how bitcoin is dead. That's why the price went down hard but thank God it has recovered. At least $1300-$1500 is good enough. And let us see where would it take from there. Of course we all love to see hitting $3000 but I doubt it will happen for now.

[darkangel11]

It is not the HF that pulls down the price of Bitcoin, HF is healthy if implemented the right way.

Yes it is only FUD about HF that pulled down the price because we may not see HF in near future or never. 

HF can't be healthy if there will be network split which is quite likely due to block size debate between core team , BU team and many others.

This FUD had solid footing when BU pushers recruited antpool and suddenly left other update options like Segwit behind. It also happened in a good moment, when the price has been peaking for a couple weeks.
If Roger and friends are smart, they had buy orders ready to catch all those falling coins the sheep threw their way soon after their antpool announcement.
We can catch breath for a while, but the block size matter remains unresolved.

[bartolo]

$ 3000 this year sounds a bit exaggerated right now, it would have to give a lot of very positive news that would give security, like finally fixing the issue of scalability, a big increase in adoption ... or a bubble, which it's advisable. In contrast, $ 2000 it seems a goal that can be reached, if the needed conditions are met.

[Skarner21]

$ 3000 this year sounds a bit exaggerated right now, it would have to give a lot of very positive news that would give security, like finally fixing the issue of scalability, a big increase in adoption ... or a bubble, which it's advisable. In contrast, $ 2000 it seems a goal that can be reached, if the needed conditions are met.

Even many good news can not push the value in $3k because i think its a long journey again to see that price and i think we can just see if BU disaster was done we will see that the price of bitcoin movement will be normal movement like few months ago..  the maximum price for now in my own speculatioln the possible price we can touch is $1,500 this value is most possible than $3k..

[pooya87]

a massive demand and adoption is not going to magically appear out of nowhere to push the price up to $3000 (150% in 8 months) just because a stupid FUD goes away.
when the FUD clears, price will have a spike for sure but it won't be that big. we are still on the same slow rising path and with or without FUD we will stay on that path and slowly see a rise up.

[quake313]

Unlikely to happen. Bitcoin would need the scaling debate to end with a beneficial result for the price to exceed 2k, let alone 3k.

[digaran]

I wonder what made the OP think about such price in mid march? however manipulating the price is really a hard thing to do with bitcoin because of the heavy liquidity required, so the slow price increase shows there are real and legitimate demand for bitcoin. and don't forget the fact that BU and their hard fork threat is not passed yet but we may indeed see some unexpected increase in both difficulty and price over the next 2 weeks.

[1Referee]

I wonder what made the OP think about such price in mid march? however manipulating the price is really a hard thing to do with bitcoin because of the heavy liquidity required, so the slow price increase shows there are real and legitimate demand for bitcoin. and don't forget the fact that BU and their hard fork threat is not passed yet but we may indeed see some unexpected increase in both difficulty and price over the next 2 weeks.

OP is well known for his extremely over-exaggerated predictions. All speculations about prices higher than $2000 don't make any sense when we're still far below that level. Especially in current circumstances where the main point of frustration for people, is the nonsense around a freaking potential altcoin called BU. This negativity will only go away when Segwit has been activated. In other words, we'll likely to remain in current situation for plenty of more months.

[Amph]

Unlikely to happen. Bitcoin would need the scaling debate to end with a beneficial result for the price to exceed 2k, let alone 3k.

not sure, i think the block limit debate is not really hindering bitcoin value at the moment, with the recent japan acceptance of bitcoin as a currency, the value could skyrocket without reaching any consensus on the block size

also the value could increase without people moving more coins, i mean there isn't really a correlation between number of transaction per day and the bitcoin value, especially at these low stage of value, perhaps this could be more true above $10k...