Bitcoin To Soon Reach $1700

[Darker45]

Bitcoin Market Cap passes 30 Billion.  Where to? $100 billion?

Why not?

TESLA is 53B$, Facebook is 435B$, Microsoft is 535B$, Apple is 799B$...

30B$ is no where big already. I think bitcoin has the potential to surpass facebook, microsoft and apple. That means we are still in its early phase. Even if we catch up with Tesla, that means another %100 increase in prices. Doesn't sound impossible to me considering the pump going on lately.

The only thing bothers me is the fees with small transactions. 

Good example. 100B$ is very achievable especially when bitcoin solves some problems and issues circulating them. With or without ETF approval bitcoin is heading there depending on its developments.

[Carlsen]

I think bitcoin is still lacking from too few participants.
But the higher the price goes, the more attention it attrackts.
The more attracktion bitcoin has, the more participants it gets.
And there are really very much people out ther who have nothing to do with bitcoin, but would join us, if they just knew about it.
The way bitcoin has been moving the past few weeks is to me a result of attracting new members.
And it's taking up speed.

[Urban Crypto]

Bitcoin Market Cap passes 30 Billion.  Where to? $100 billion?

Why not?

TESLA is 53B$, Facebook is 435B$, Microsoft is 535B$, Apple is 799B$...

30B$ is no where big already. I think bitcoin has the potential to surpass facebook, microsoft and apple. That means we are still in its early phase. Even if we catch up with Tesla, that means another %100 increase in prices. Doesn't sound impossible to me considering the pump going on lately.

The only thing bothers me is the fees with small transactions. 

I agree.  Bitcoin was built with the potential to have market cap in the trillions.  Very interesting how it is going.

[1Referee]

I think bitcoin is still lacking from too few participants.
But the higher the price goes, the more attention it attrackts.
The more attracktion bitcoin has, the more participants it gets.
And there are really very much people out ther who have nothing to do with bitcoin, but would join us, if they just knew about it.
The way bitcoin has been moving the past few weeks is to me a result of attracting new members.
And it's taking up speed.

Not many people (in relative terms) knowing Bitcoin is exactly where you can see a potentially massive amount of growth come from. I have said that years ago, and I am still saying it; even looking at current levels, there is so much more growth to gain in the coming years than most of us think is possible. Even though Bitcoin reached a $30 billion market cap, it's still a massive joke. I wouldn't be surprised to see this increase to $500-$1000 billion at some point in the future. Especially when institutions allocate a fair share of their portfilio to Bitcoin.

[OrangeII]

Bitcoin Market Cap passes 30 Billion.  Where to? $100 billion?

Why not?

TESLA is 53B$, Facebook is 435B$, Microsoft is 535B$, Apple is 799B$...

30B$ is no where big already. I think bitcoin has the potential to surpass facebook, microsoft and apple. That means we are still in its early phase. Even if we catch up with Tesla, that means another %100 increase in prices. Doesn't sound impossible to me considering the pump going on lately.

The only thing bothers me is the fees with small transactions. 

I agree.  Bitcoin was built with the potential to have market cap in the trillions.  Very interesting how it is going.

Well, early bitcoin has such potential. Has a very high price and can be used for business tools, and even investment. And of course I believe the price will reach $ 1700 in the near future. Even more so if giving this price increase.

[Silberman]

Bitcoin Market Cap passes 30 Billion.  Where to? $100 billion?

Why not?

TESLA is 53B$, Facebook is 435B$, Microsoft is 535B$, Apple is 799B$...

30B$ is no where big already. I think bitcoin has the potential to surpass facebook, microsoft and apple. That means we are still in its early phase. Even if we catch up with Tesla, that means another %100 increase in prices. Doesn't sound impossible to me considering the pump going on lately.

The only thing bothers me is the fees with small transactions. 

And the best thing is that bitcoin has a much higher celling, you can live your live without using any apple, microsoft, and Tesla products and you can avoid facebook as well, but you cannot live your live without using money unless you live in a tribe or something, so bitcoin may be a lot more valuable than that.

[notme]

Upper weekly BB is right around $1700... BTC may indeed soon reach $1700

[serjent05]

Does not Bitcoin already reach $1700?  I think Bitcoin is heading now to $2000.  And I am sure it will in the next few weeks.  China is about to enable its withdrawal, Japan still have FOMO and India is now considering to acknowledge Bitcoin as money.  Almost all news are pro Bitcoin price increase except for the scaling problem that had beens stucked for 2 years.

[STT]

People go for round figures too much, its allready past 10,000 CNY so $2000 is not the barrier it appears.   I think the price only fell back a bit here because of psychological wariness over 2,000 when its not more significant then the previous numbers.
Price rising now is mostly to do with the block reward halving last year, the effect was delayed as expected.  Also the measures of recognition and possible legitimate trade also gave more allocation in various quarters holdings I think which raises demand in the prices.   Still lacking is a bigger rise in trade and we have a problem where the base protocol needs to adapt, though we have disagreement I see no real reason for bearishness or negativity in price expectations.  
  The largest negative I see is just normal speculation and profit taking by short term interests, in the end that evens out and price can be higher on a regular basis for a while yet.  I hope bitcoin continues to improve and proves useful and justified in its rising interest, thats the main hope for growth to continue really

[Meowth05]

Does not Bitcoin already reach $1700?  I think Bitcoin is heading now to $2000.  And I am sure it will in the next few weeks.  China is about to enable its withdrawal, Japan still have FOMO and India is now considering to acknowledge Bitcoin as money.  Almost all news are pro Bitcoin price increase except for the scaling problem that had beens stucked for 2 years.

Bitcoin has already touch the 1700 US dollar. In fact it is not far from bitcoin to reach 2000 usd within this year if the price of it is continue rising. Because of the high price of bitcoin it is captive more people to use it and at the same time the demand is also growing hence it is one of the reason why bitcoin is still growing.

[bitcoin31]

The price of bitcoin today is more than $1700 and I believe this month or maybe next month or after halving the price of the bitcoin will reach $2000-$3000. If this happen for sure many people in thhe bitcoin world become instant millionaire likr the owner of exvhanges site and the gambling because they earn a lot bitcoin everyday. I hope the price will increase more not dump . More bitcoin to buy more money to come with us.!

[TravelMug]

Does not Bitcoin already reach $1700?  I think Bitcoin is heading now to $2000.  And I am sure it will in the next few weeks.  China is about to enable its withdrawal, Japan still have FOMO and India is now considering to acknowledge Bitcoin as money.  Almost all news are pro Bitcoin price increase except for the scaling problem that had beens stucked for 2 years.

Yes, it has reached $1700 now. Maybe $2000 is possible because of all the positive news that we are getting. Latest good news is Australia, who are using likely to adopt and embrace bitcoin this year. I agree, scaling issue is the only roadblock so far, but it is the biggest so far. No one really knows if there will any solution to this growing problem. Civil war between BU and Segwit is still going on.

[bajing]

Does not Bitcoin already reach $1700?  I think Bitcoin is heading now to $2000.  And I am sure it will in the next few weeks.  China is about to enable its withdrawal, Japan still have FOMO and India is now considering to acknowledge Bitcoin as money.  Almost all news are pro Bitcoin price increase except for the scaling problem that had beens stucked for 2 years.

Bitcoin just reach $1700, i guess too early to said bitcoin heading $2000 and im scare we will see big dump soon due too many pump happen in this year and also some bitcoin holder has sell their bitcoin at the highest price that bitcoin ever reach. although some country now considering to acknowledge Bitcoin as money but they still considered.

[Obito]

The price of bitcoin today is more than $1700 and I believe this month or maybe next month or after halving the price of the bitcoin will reach $2000-$3000. If this happen for sure many people in thhe bitcoin world become instant millionaire likr the owner of exvhanges site and the gambling because they earn a lot bitcoin everyday. I hope the price will increase more not dump . More bitcoin to buy more money to come with us.!

Indeed, Bitcoin has already reach the 1700 usd but not only that btc is already exeed that amount and I think before December ends maybe its price is equal to 2000 usd per bitcoin. Its not far from bitcoin to reach that amount especially today because bitcoin is still rising and thanks to japan because they legalize it in their country so that many investors are now investing with big amount of money.

[notme]

Upper weekly BB is right around $1700... BTC may indeed soon reach $1700

Boom.... of course, everyone in this thread had their uberbull blinders on, so they were confused because we were already above $1700

[SHAWN-MIDWAYS]

Upper weekly BB is right around $1700... BTC may indeed soon reach $1700

Boom.... of course, everyone in this thread had their uberbull blinders on, so they were confused because we were already above $1700

Preev shows we are just  1 dollar below the $1700 mark right now and am starting to believe the bubble has burst as we have lost over 100 dollars price mometum just today

hope price will correct itself back to a +1800

[Urban Crypto]

Upper weekly BB is right around $1700... BTC may indeed soon reach $1700

Boom.... of course, everyone in this thread had their uberbull blinders on, so they were confused because we were already above $1700

Preev shows we are just  1 dollar below the $1700 mark right now and am starting to believe the bubble has burst as we have lost over 100 dollars price mometum just today

hope price will correct itself back to a +1800

Still hovering just under $1,700.  Let's see if it will hold and resurge.

[ASHLIUSZ]

Today the price seems to hover around $1735 - $1750. If this continues for a short time period then we can expect the price to move forward than just continuing to move downwards. Even $1700 is good price to profit all the user base, and the continuing adoption will give an added value in the coming days.

[buenav]

Bitcoin Market Cap passes 30 Billion.  Where to? $100 billion?

Why not?

TESLA is 53B$, Facebook is 435B$, Microsoft is 535B$, Apple is 799B$...

30B$ is no where big already. I think bitcoin has the potential to surpass facebook, microsoft and apple. That means we are still in its early phase. Even if we catch up with Tesla, that means another %100 increase in prices. Doesn't sound impossible to me considering the pump going on lately.

The only thing bothers me is the fees with small transactions. 

Good example. 100B$ is very achievable especially when bitcoin solves some problems and issues circulating them. With or without ETF approval bitcoin is heading there depending on its developments.

I think tesla itself is in a bubble, but bitcoin hasn't penetrated mainstream yet to reach the valuations of facebook, microsoft or apple. 100B$ is achievable but to sustain it we need to get closer to where those three internet companies are in terms of market penetration, right now most people have heard of bitcoin but only a minority have ever used it so the price is still not really secure.

Don't get me wrong I firmly believe we will get there relatively soon especially with all the good news coming out but I don't think it will be an easy or smooth ride there.

[Urban Crypto]

Bitcoin Market Cap passes 30 Billion.  Where to? $100 billion?

Why not?

TESLA is 53B$, Facebook is 435B$, Microsoft is 535B$, Apple is 799B$...

30B$ is no where big already. I think bitcoin has the potential to surpass facebook, microsoft and apple. That means we are still in its early phase. Even if we catch up with Tesla, that means another %100 increase in prices. Doesn't sound impossible to me considering the pump going on lately.

The only thing bothers me is the fees with small transactions. 

Good example. 100B$ is very achievable especially when bitcoin solves some problems and issues circulating them. With or without ETF approval bitcoin is heading there depending on its developments.

I think tesla itself is in a bubble, but bitcoin hasn't penetrated mainstream yet to reach the valuations of facebook, microsoft or apple. 100B$ is achievable but to sustain it we need to get closer to where those three internet companies are in terms of market penetration, right now most people have heard of bitcoin but only a minority have ever used it so the price is still not really secure.

Don't get me wrong I firmly believe we will get there relatively soon especially with all the good news coming out but I don't think it will be an easy or smooth ride there.

Good point, one of the biggest challenges for Bitcoin is massive user adoption.  Without more people coming aboard to use it, it could hamper the potential market cap.