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Author Topic: What will be the future of BITCOIN's current bullrun?  (Read 551 times)
lordquanta
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May 04, 2017, 05:53:14 AM
 #1

In a great comeback from the ETF rejection bitcoin recovered from ~900$ to the new ATH 1500$. What do you think when will this bitcoin bullrun stop or will it continue to grow at same speed?
I remember in a thread a person predicted that by the start of year 2017 bitcoin will touch 1200$-1300$ then it will fall back to 800-900$ then it will grow back to 1500$ by the year end it will touch 2000$.
What do you think about current and future bitcoin ups and down ?



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May 04, 2017, 11:41:04 AM
 #2

In a great comeback from the ETF rejection bitcoin recovered from ~900$ to the new ATH 1500$.
i doubt if this is a 100% correct thing to say. bitcoin didn't recover from $900 but instead $900 was a temporary discount kind of deal that others provided us with. they sold their coins to us $200-$300 below market value. and then we started from $1200 in a new bullrun.

Quote
What do you think when will this bitcoin bullrun stop or will it continue to grow at same speed?
without even thinking about anything else, this bullrun will stop. you don't even have to be an expert to know this. price can not go up forever. it will stop at some point, then there will be some correction, possibly some stable price and then another phase of rising.

Quote
I remember in a thread a person predicted that by the start of year 2017 bitcoin will touch 1200$-1300$ then it will fall back to 800-900$ then it will grow back to 1500$ by the year end it will touch 2000$.
What do you think about current and future bitcoin ups and down ?
the same thing has been happening in all the growing markets (stocks of a company for example). they go up then there is a correction (although there is no way someone could have logically predicted a dip to $800 from $1200) and then rise again.
you can see this from $0.10 up to today's $1500. it is all the same.














 

 

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May 04, 2017, 12:53:40 PM
 #3

In a great comeback from the ETF rejection bitcoin recovered from ~900$ to the new ATH 1500$. What do you think when will this bitcoin bullrun stop or will it continue to grow at same speed?
I remember in a thread a person predicted that by the start of year 2017 bitcoin will touch 1200$-1300$ then it will fall back to 800-900$ then it will grow back to 1500$ by the year end it will touch 2000$.
What do you think about current and future bitcoin ups and down ?

Most times when those predictions comes in we are quick to wish it away because even me personally I don't believe those predictions because of I am of the opinion that its based on personal view but the truth is that some people are in the know than some other people. Its really hard to know which prediction is the right one we just have to all hope for the best thing to come.

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May 04, 2017, 01:27:54 PM
 #4

Well, Bitcoin has so far behaved not exactly the way many people predicted except that it can be reaching the $2000 level maybe before 2018 or even early 2018. And I am not complaining. Smiley

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May 04, 2017, 01:29:52 PM
 #5

In a great comeback from the ETF rejection bitcoin recovered from ~900$ to the new ATH 1500$. What do you think when will this bitcoin bullrun stop or will it continue to grow at same speed?
I remember in a thread a person predicted that by the start of year 2017 bitcoin will touch 1200$-1300$ then it will fall back to 800-900$ then it will grow back to 1500$ by the year end it will touch 2000$.
What do you think about current and future bitcoin ups and down ?

Most times when those predictions comes in we are quick to wish it away because even me personally I don't believe those predictions because of I am of the opinion that its based on personal view but the truth is that some people are in the know than some other people. Its really hard to know which prediction is the right one we just have to all hope for the best thing to come.

there is a difference between making a guess/prediction or making a speculation/analysis.
the first one usually comes from self-claimed future tellers! and these people usually make different and most of the time vague predictions about the future price so that they can tell "we predicted correctly". for example there were people saying price will go to $1000-$1500 and that big range is indicating they were full of shit.

but someone with a proper analysis and making a good speculation is what you usually see accompanied by some proper charts and some real reasoning behind the speculation they make. even if what they speculate doesn't come true, i say that is worth 1000000 times more than other group even if they guessed right.

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May 04, 2017, 01:47:30 PM
 #6

Well, Bitcoin has so far behaved not exactly the way many people predicted except that it can be reaching the $2000 level maybe before 2018 or even early 2018. And I am not complaining. Smiley

I have been following Tone Vays's analysis and he has been calling a top of $2000, which should be the limit of the upper channel and should be hit by around mid summer, so make that August. We are going on that trend right now, I think Tone may nail it this time.

He has been real bad at getting advantage of the various altcoin pumps tho. He called the LTC bull run over.I think it only has begun. We will see a correction after the Coinbase news, and we'll see further pumps after segwit activates.

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May 04, 2017, 01:54:14 PM
 #7

The new bullrun start from $1,200 because for me after ETF rejection the market make reduction or discount of $300 which to me is sale out of panic as media out blow the news about ETF which was even against the bitcoin white paper. Bitcoin is a decentralized crypto currencies and it was not meant to be trade as stock but to be used as money.currently bitcoin is trading around $1,575 and that is what some of us predict from the beginning of the year.


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May 04, 2017, 04:30:30 PM
 #8

In a great comeback from the ETF rejection bitcoin recovered from ~900$ to the new ATH 1500$. What do you think when will this bitcoin bullrun stop or will it continue to grow at same speed?
I remember in a thread a person predicted that by the start of year 2017 bitcoin will touch 1200$-1300$ then it will fall back to 800-900$ then it will grow back to 1500$ by the year end it will touch 2000$.
What do you think about current and future bitcoin ups and down ?

Yes, it is a really a great comeback from ~900$ to the new ATH 1500$. I think at some point, this bull run will have to stop. The bull run that we are experiencing is good, no question about it. But it can sustained this kind of price movement. Sooner or later the price will stall and then some will sell off their bitcoin to gain profit. I speculate that the price will not go below 1000$. Then bitcoin price will rise again and soon hit another ATH. 2000$ is possible at the end of the year. So the future of bitcoin looks bright for me.
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May 04, 2017, 04:40:40 PM
 #9

I think we are going to see something special, this time around. I think the Japanese have seen the potential of Bitcoin and they are slowly buying

into this now. You will see a steady climb in the price for a while as new investors and merchants starts to accept Bitcoin in Japan. If the India

rumours are accurate, we will see adoption in India climb and Bitcoin will see prices that they have not seen before. This is really the start of the

Moon travels for Bitcoin.  Grin

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May 04, 2017, 04:43:50 PM
 #10

If this rate of price rises right now were sustainable, the Bitcoin price would be several thousand by the end of the year.  It's not likely at all and there will be dramatic price fluctuations.  However, we will remain in a bull market for the rest of the year at least due to increasing mainstream media coverage - they could even phrase it like the "return" of Bitcoin since the unnecessary hype in 2013.

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May 04, 2017, 04:50:34 PM
 #11

It would be interesting to see at what level is the awareness of blockchain and bitcoin technology with general public or at least younger population. In percentage the penetration is probably still very small or maybe not?

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May 04, 2017, 06:05:21 PM
 #12

This bull run just proves that a single country legalizing bitcoin have a massive effect on the price. This bull run will hit a wall soon and will have a correction period. 2000$ is only a few hundred dollars away. We may even surpass it is things continue its pattern. So if ever there are corrections on the way up, be sure to buy more bitcoins.

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May 04, 2017, 06:44:53 PM
 #13

Just awesome run by Bitcoin, it seems it will reach moon soon Grin I believe the acceptance from various countries and increase in users, and also some economic factors are energizing the rise. I don't know what might happen, but if it falls, it will rise again to reach its new high.

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May 04, 2017, 06:54:52 PM
 #14

A few days ago much was said about Bitfinex problems and the impact of it on BTC price. Now we see BTC, ETH, and LTC with a surge in price, with no signs of ending. Can someone point some news/twitter or whatever that can back up this price movement?

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May 04, 2017, 07:26:25 PM
 #15

It is sure that in a month or two the price of bitcoin will reach to $2000 and that is known by everyone. So because of that idea in the mind of people they will buy more bitcoins and will keep them with themselves and so a bright future is ahead


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TheCoinGrabber
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May 04, 2017, 07:41:07 PM
 #16

Certainly hoping for a continuous rise though I'm still bracing for any possible plunge. I mean, they do come every now and then. Better have money in store to take advantage of them.
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May 04, 2017, 07:45:53 PM
 #17

In a great comeback from the ETF rejection bitcoin recovered from ~900$ to the new ATH 1500$. What do you think when will this bitcoin bullrun stop or will it continue to grow at same speed?
I remember in a thread a person predicted that by the start of year 2017 bitcoin will touch 1200$-1300$ then it will fall back to 800-900$ then it will grow back to 1500$ by the year end it will touch 2000$.
What do you think about current and future bitcoin ups and down ?

The good question would be, what is the effect of this current bullrun?

My self answer is, we are now have chances not to go back at below $1,000 price level. Sure thing once big drop came, the correction price would covered at least $200-$300 or even less which is a good standpoint for what we called as price bottom. It's really interesting to see that we saw as high price in the past will now be considered as price bottom, pointing to $1,000 price level.

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May 04, 2017, 10:35:50 PM
 #18

In a great comeback from the ETF rejection bitcoin recovered from ~900$ to the new ATH 1500$. What do you think when will this bitcoin bullrun stop or will it continue to grow at same speed?
I didn't expect this as a bubble but looks bitcoin still have a chance turned become another bubble in the future.
Don't expect the bitcoin trend will always be bullish at this time.
I remember in a thread a person predicted that by the start of year 2017 bitcoin will touch 1200$-1300$ then it will fall back to 800-900$ then it will grow back to 1500$ by the year end it will touch 2000$.
What do you think about current and future bitcoin ups and down ?
It's based on speculation, The moves of bitcoin are unpredictable. Another good update about bitcoin news will bring another bullish for bitcoin market trend. So, There will be another FOMO bitcoin in the future.
Japan is the main reason to driving the price of bitcoin right now.

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May 05, 2017, 07:04:08 AM
 #19

It is sure that in a month or two the price of bitcoin will reach to $2000 and that is known by everyone. So because of that idea in the mind of people they will buy more bitcoins and will keep them with themselves and so a bright future is ahead

Why do you think it will reach 2000 mark in a month or two? Any basis or just you're dreaming of it?

It is not good for any product to go so fast because it may come back also very fast unless something really has changed in the business model. What I know, now it should correct some level and start moving up will be good for longer term stable prices otherwise always need to worry about the next fall.

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May 05, 2017, 09:37:31 AM
 #20

Don't underestimate the power of FOMO...

I am more bullish about Bitcoin's value than I have ever been.
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