UPDATED [VOTE] Do you think Bitcoin will reach 4000 Euros?

[BADecker]

All hope for the growth of bitcoin and on, but nobody says why. When it comes to conventional currency is all clear the economy is growing and increasing the value of the currency if the national Bank reduces the exchange rate artificially, but why is the bitcoin. I do not fully understand this mechanism, and it bothers me.

Banks stimulate economical growth at their own great profit.

Bank loans are designed to be limited to population and company increases, number-wise.

The trick is, loans are not loans. They are creations of new money. When the "loans" are repaid, the banks get all the value for essentially no work... plus the interest.

See "Modern Money Mechanics" at https://archive.org/stream/ModernMoneyMechanics/MMM_djvu.txt, or Google it.

See "Two Faces of Debt" at https://www.infogristle.com/federal-reserve/two-faces-of-debt/index.php, or Google it.

Also, get the books from former bank CPA, Tom Schauf, one of them free at https://archive.org/details/TopSecretBankersManualByThomasSchauf, and Google: "Tom Schauf."

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[BADecker]

If there is no formal legal regulation and enforcement by Government (a thing Gov might find it hard to do), people will find out about how fast Bitcoin is growing as of this writing. They will join by the hordes, and Bitcoin could skyrocket beyond $100,000. This could collapse the banking system.

The thing about this is, it could happen almost overnight... perhaps even in one week... like a nuclear chain reaction.

[Prem.Soorajpaul]

For the past few days, the value is going up by 4-5% every day. €4,000 may reach sooner than we expected.

[BADecker]

Huge Bitcoin correction now imminent as "Bitcoin fever" takes hold…

ANALYSIS: I'm putting out this time-sensitive alert to all our readers and fans who currently own Bitcoin. While Bitcoin is infinitely more honest than any central bank or government-run fiat currency system, it is also subject to extreme volatility and buy/sell manipulation by nefarious parties such as governments. As Bitcoin skyrockets past $2200 (USD), a very large correction now looks imminent.

In 2013, I issued a public warning that Bitcoin was wildly overpriced, urging people to sell the peak. Within 24 hours, Bitcoin plummeted more than fifty percent in value. Now, almost four years later, all the signs are telling me that Bitcoin is due for another very large correction — I estimate a roughly 1,000-point drop — which could cut its current value in half (compared to fiat currencies such as the USD).

Bitcoin has achieved an extraordinary rise over the last 12 months, skyrocketing from about $600 to a recent peak of $2300. In just the last month, it has more than doubled its value, achieving an almost parabolic rise that is clearly unsustainable. While the long-term prospects for Bitcoin are strong — and I believe it will achieve $10,000 per Bitcoin in the years ahead — this recent parabolic rise is a sure sign of "irrational exuberance" now rearing its ugly head once again. Some people call it "Bitcoin fever," and it has all the signs of tulip bulb mania, especially in Japan where Bitcoin purchases currently carry an astonishing 20% premium over the same purchases in U.S. dollars. (That's an inescapable sign of irrational panic buying if there ever was one…)

Bitcoin has a strong future, but short-term volatility will be unbearable for many

To be clear, I am pro crypto currency and I believe Bitcoin will experience huge growth in value when the global banksters' debt Ponzi scheme starts to crash… which could begin later this year, says David Stockman. "What the market is saying is we have reached the point of full employment forever.  There will never be another recession or any kind of economic surprise or upset or dislocation.  The market is pricing itself for perfection for all of eternity.  This is crazy. . . . I think the market could easily drop to 1,600 or 1,300.  It could drop by 40% or even more once the fantasy ends."

I also believe our world is rapidly approaching the end of the era of central banks (and all the evil currency manipulation and counterfeiting that goes along with them). Once the global debt pyramid scheme really starts to unravel, Bitcoin could hit seemingly incredible valuations such as $10K or more… but this all depends on the internet staying up, computers staying online and sufficient redundancy in the blockchain to maintain the integrity of the Bitcoin transaction ledger. If the global crash is truly apocalyptic, Bitcoin could vanish and be worth nothing… but you'll be too hungry to notice, since most of the world's population will be facing starvation and mass death anyway. Barring that worst-case scenario, Bitcoin is likely to experience a vigorous, long-term rise in valuation, even as it undergoes a daunting roller coaster ride of volatility along the way.

Right now, hovering around the $2200 mark, I believe that Bitcoin is significantly overvalued due to recent spikes in purchasing which are largely based on irrational speculation. The "buy Bitcoin" rally cry is out-shouting the more rational voices which are attempting to treat Bitcoin as a real transactional currency rather than a speculative investment vehicle. The problem, of course, is that volatility scares away potential merchants who would be happy to accept Bitcoin for purchases if only the prices didn't swing by sometimes 10% in one hour.

Read more and click the links at http://www.naturalnews.com/2017-05-22-bitcoin-correction-now-imminent-bitcoin-fever-btc.html.

[BADecker]

Today (May 25) Bitcoin peaked above $2750 in the morning (Bitstamp record at https://bitcoincharts.com/charts/bitstampUSD#rg2ztgSzm1g10zm2g25zv). Then it dumped as low as $2300. Now it is back up to as high as $2500 in the last hour or so.

What are we seeing? Is this the beginning of a big profit taking? Or is it merely a "re-grouping" where Bitcoin will go higher still?

[Presse]

I would love to say yes, but honestly I doubt it.

[BADecker]

That's what I get for asking 3 questions in the same paragraph.   

[Tribizz]

Honestly yeah, from the look of things I dont think its gonna fall.

[Rdelton]

After going up and down a few times, why not reach the 4000 €, surely reach and exceed in the long term.

[cryptomartin]

Sure it will...

[Nathan047]

So was this topic always Dollars and then it suddenly changed to Euros, or am I just that unobservant? For some reason I always remember it being dollars.
Anyway, back to the topic; yes, I do believe that we will reach 4000K at some point (either Euros or $), although I feel like that's a little ways off in the future.

[JGoRed]

^ Yes, I do think it just randomly changed to Euros; which I think is odd because Bitcoin is always measured in $.

Anyway, I think it'll be a pretty long time before Bitcoin reaches 4000$. I mean to hit 4K it'd need to double it's value. Then again, however, with the latest pumps Bitcoin could probably surprise us (both good and bad).

[Lieldoryn]

4000 dollars per bitcoin possible, but I think it will not be soon. I do not quite understand why people pay for bitcoin the money if they don't the currency speculators. Everything you can buy with bitcoin you can the same and even more to buy dollars. Why should I buy bitcoins.

[Nathan047]

All hope for the growth of bitcoin and on, but nobody says why.
...

One of the biggest reasons is probably because the people who want Bitcoin to succeed own Bitcoin and would like the money they'd gain from Bitcoin succeeding. Otherwise a lot of people probably just think that Bitcoin is a neat project and hope it does well.

[vinipoars]

Yes I do, till the end of the year.

[PeterTheGrape]

... because Bitcoin is always measured in $.

...

https://localbitcoins.com/country/KW

Actually in Kuwait the price is only 719 but they don't use $. The thread will maybe be switched to their money as it approached 4,000 euros, but there don't seem to be more fiat options after that to keep the price below 4,000 so next stop a comex commodity...

Dollar volume seems to be less than 25% of global at the moment anyway https://coin.dance/volume/localbitcoins

[NewProject]

I really hope it does, if it's not this year, once SegWit and blocksize debate are over, it will.

[RoyalBit Casino]

Seen how it has gone this year so far, I wouldn't be surprised if it does get to $4000 by end of year.

[LostWords]

Seen how it has gone this year so far, I wouldn't be surprised if it does get to $4000 by end of year.

By the end of the year already? You'd think? I hear also people saying Bitcoin will get his correction or something as a bubble that will bust...dont you believe in those things?

[crypto.classroom]

Oh yes definitly