Bitcoin To Soon Reach $1700

[pinkflower]

Do any of you think that BTC is becoming a growing bubble right now thats ready to burst? I dont think the whole BTC economy is not enough to sustain the growth of its currency. Did something big really happen in the BTC economy to answer for the high value of Bitcoin?

[ASHLIUSZ]

I think it will not only reach 1700 but it'll go higher but it won't last long

Of course, for a normal earning potential, a good price drop should happen, so that you can buy coins again at a low price.

Expecting a price drop to experience a peak profit is something that never gonna take place. Because even at times only the big whales make use of the situation to profit high. The common users who have been holding small number of bitcoin just get panic and won't buy much as none know when the next uptrend gets initiated.

[Grillo]

There is still a long way up, Bitcoin will go to 3000$ in the next 2 month before any big retrace.

[Skjöld]

I was very skeptical that it could happen before the end of the year, but considering how crazy the price is right now, that would not surprise me. That would be of course a great achievement.

[sasaku bitbit]

It is now a bubble, when will bubble burst? You never know.

Keep fingers crossed now and hope that it keeps climbing.

Sorry but I strongly disagree!
Bitcoin is far away from being in a bubble. We move up and correct a bit. Higher highs and higher lows is the result. That's healthy growth.
But altcoins are 100% in a bubble! And that bubble will burst sooner or later.
And this could take bitcoin a bit down as well, while alts will completely get crashed. Or this then could trigger a new massive bitcoin bubble because everybody is shifting to Bitcoin.
But right now Bitcoin is doing pretty good.

I agree, we can not tell if its a bubble or natural growth but the bitcoin price keeps going up without resistance and we are more likely to breach the

price of $1700 this year

extraordinary if the price reaches a price that happens $1700 because growth and bubbles continued to increase and will become the ascending fortunes big and better save your bitcoin dulul in order to be always lucky, I was expecting the end of the year $2000

[iqlimasyadiqa]

I was very skeptical that it could happen before the end of the year, but considering how crazy the price is right now, that would not surprise me. That would be of course a great achievement.

About 100USD again to get to 1700USD. This is very close, maybe next week we can see bitcoin price will reach the target. This is indeed surprising, but it's a pleasant surprise.

[hasiramasenju]

this is unusual situations because the current price was so high even we still not reach $1700 but apparently still possible to hit that price and i believe soon $1700 will be new peak but i would not expect too much because bitcoin is unpredictable

[pinkflower]

I was asking if there was something big happening in the economy of BTC to warrant the high price. Check my post before this in this thread. Maybe were looking past that because what we really care about is only the price of BTC with disregard to its long term value.

[OrangeII]

Hoping that it will happen soon. Bitcoin prices are currently rising steadily, and continue to rise. It is possible that bitcoin prices will reach $ 1700 in a few weeks or months. This is a very fast rise as long as I know about bitcoin.

[Shinpako09]

That is possible to happen as long as there is no bad incident that could affect the price such as hacking, whale selling huge no. of btc, etc. That could make others panic.

[ultrloa]

That is possible to happen as long as there is no bad incident that could affect the price such as hacking, whale selling huge no. of btc, etc. That could make others panic.

I think your thoughs will not gonna happen dude so better seatback and just relax in their price is almost reaching for that price and im pretty sure maybe by next month we can see it happening. Japans adoption is great and im pretty sure that is one of the reason why we can see the positive run on bitcoins price right now.

[CyberKuro]

Bitcoin has officially breached the $1500 level in some exchanges and there seems to be no end yet on sight for the rise of its value. Some are predicting that it can hit the $1700 level many days from now but correction at that level can set in and there would some adjustments in value.

I am wondering what are the contributing factors for this continuing rally?  Please share your ideas for the enlightenment and guidance of some readers (including me).

Well, bitcoin doesn't reach $1700 yet, rapidly growth​ to $1670 but has significant increases after that but bitcoin price seems more stable right now. Normal day for bitcoin when it rise and fall due to traders want to extract instant profits. No matter what, it will hold and still increase I guess as bitcoin ETF will review one more time, maybe it has slightly chance but speculation make the price at this level.

[n0ne]

That is possible to happen as long as there is no bad incident that could affect the price such as hacking, whale selling huge no. of btc, etc. That could make others panic.

Greater chances were available to reach $1700. Right now the price is fluctuating with good resistance between limited price tag. The same will give a value crossing $1700 by the next pump which happens close to 15 may on which something specific on etf discussion is gonna take place.

[jtipt]

There is still a long way up, Bitcoin will go to 3000$ in the next 2 month before any big retrace.

That's a little too much I think. At best we can hope for the price to stay around $1500 and not drop, but I think most likely the bubble will burst and we will be back to 1300s. But in best case scenario we can see a $2000 price in next 3-4 months.

[MFahad]

I think the time has come, when we see bitcoin will come at $1700. Because already bitcoin reach at $1500 and something than nothing is impossible for bitcoin price to grow more.
I think if bitcoin price not go back than we can see within 2 months, bitcoin cross $1700. But if bitcoin price take turn than may be it will take some time but definitely bitcoin will be come at $1700 very easily in this year.   

[BTCLovingDude]

That is possible to happen as long as there is no bad incident that could affect the price such as hacking, whale selling huge no. of btc, etc. That could make others panic.

Greater chances were available to reach $1700. Right now the price is fluctuating with good resistance between limited price tag. The same will give a value crossing $1700 by the next pump which happens close to 15 may on which something specific on etf discussion is gonna take place.

i wouldn't put too much faith in the current resistances at this point. a lot of things can change that can cause bitcoin price to go in either direction. there is a speculation saying this price rise was because of news about ETF reconsideration, and if so and if it is rejected again price will go down no matter the resistance.

[memii]

There is still a long way up, Bitcoin will go to 3000$ in the next 2 month before any big retrace.

That's a little too much I think. At best we can hope for the price to stay around $1500 and not drop, but I think most likely the bubble will burst and we will be back to 1300s. But in best case scenario we can see a $2000 price in next 3-4 months.

I also think price will stay around $1500 for some time after this it will move to new ATH. $2000 in next 3 months will be great achievement and I also quite sure about we will see this happen very soon. As so many people are predicting now it has more high chance to get over $5000 before end of 2017.

[FlamingFingers]

Passing all that spam on the later pages. To OP, we shall all wait and see what will happen on May 15th, instead of speculating the price being pumped or dumped. On that day, either the price will jump to $1700 or dump to $1200 (more or less).

Do any of you think that BTC is becoming a growing bubble right now thats ready to burst? I dont think the whole BTC economy is not enough to sustain the growth of its currency. Did something big really happen in the BTC economy to answer for the high value of Bitcoin?

Yes, Bigger volumes of Bitcoin demands. And also wait for the summer, Bitcoin will dump there. We should all hold hands and sing Summer Time Sadness.

[BlackPanda]

That is possible to happen as long as there is no bad incident that could affect the price such as hacking, whale selling huge no. of btc, etc. That could make others panic.

I think like that. When there is no strange incident then so far bitcoin will continue to increase.
Unexpected and negative events are the main actors in the reduction of bitcoin prices.

[Pab]

Bitcoin price can be pumped to 1800$ becouse of EFT approval than will comeback to 1500$ .Looks like 1500$ is floor now btc need to rest now and get some new capital,i think some money can comefrom ETH ETH price is so high becouse of his POS project,it has to be some correct