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Author Topic: Bitcoin Will Reach $3000 By The End Of The Year  (Read 3373 times)
BiggieSmallz (OP)
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May 08, 2017, 08:53:13 AM
 #1

 Strong demand in Japan where it is now deemed a legal means of payment is among many factors pushing the price higher. Great article:

https://www.finextra.com/newsarticle/30527/bitcoin-set-to-go-boom
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May 08, 2017, 08:57:40 AM
 #2

Probably. But we dont have enough facts to decide that.
All of this will just be speculation.
There might be someone who will get lucky to predict it but yet that is all just luck.
Looking at how Japan made progress with using the bitcoin technology it gave a larger chance for bitcoin to grew more in terms of value.
Maybe if 2 or more countries could do this that $3000 will be easy to achieve.
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May 08, 2017, 09:02:28 AM
 #3

To me that would be grateful because in my country, 2 years from earlier the commodities are almost the same in prices. so btc going higher means im only coins more profitable than the prices today.
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May 08, 2017, 09:09:35 AM
 #4

... and it might drop to $10 too based on a 2014 article: https://www.forbes.com/sites/samanthasharf/2014/01/15/10-one-perspective-on-what-bitcoin-will-be-worth-in-2014/#677b7e294ba7

I guess if we can reach and stay above $2000, it is already showing the increase acceptance of bitcoin. US$3000 or GBP$3000 is good but we need to have something to offer- the scale-ability of the bitcoin blockchain.


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May 08, 2017, 09:20:46 AM
 #5

Strong demand in Japan where it is now deemed a legal means of payment is among many factors pushing the price higher. Great article:

https://www.finextra.com/newsarticle/30527/bitcoin-set-to-go-boom

Even merely following the trend I dont need a soothsayer to give me the news of the direction of bitcoin. In as much as we all want the increase should happen, I still expect a wise investor to exercise caution a follow caution and not just follow the entire population because whether they are adopting in Japan or not, bitcoin is still subjected to the forces of demand and supply in which the population in Japan is not as much as the entire population in the determining factor of the price of bitcoin. $3000 is a long shot but still possible.
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May 08, 2017, 09:22:03 AM
 #6

this is mostly news about a bit adoption which is leading to price rise. not the adoption itself. speculation is mostly what is driving the price up if it is because of Japan. so i don't think $3000 is possible this soon.
however in long term, we will start seeing the real effect of this real adoption in Japan and consequently in other countries. and that will be the start of some real solid rise towards $5000.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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May 08, 2017, 10:06:59 AM
 #7

Well, that would certainly be a big good news for current Bitcoin holders and bad news for people who are still to enter the Bitcoin market as it would cost them an arm to own even a fraction of the currency. However, I am looking more at $2000 level even before the year ends or early 2018 as there would be some technical corrections along the way. But if Russia or Euro would follow what Japan is now doing with Bitcoin then the value would really surpass the roof.
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May 08, 2017, 10:14:30 AM
 #8

I think so. But we have not hit $2000 a piece yet. So lower your expectations. But $3000 is possible tho.  Bitcoin always pump at the end of the year. So theres a very small chance to hit that amount. The possible amount is $2000-$2500 a piece. That's if massive adoption occurs.
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May 08, 2017, 10:53:36 AM
 #9

I don't think that's possible to hit that amount in just short period of time. That's possible but not as fast as you predicted. Theres also a possibility bitcoin could crash. $2000 is enough for me. I don't expect we hit that amount very soon. If ever we hit that amount. I will be very grateful.
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May 08, 2017, 11:19:33 AM
 #10

Yeah it will be at the price if they didn't think to dump bitcoin on december also the ceo of blockchain also had thought that bitcoin will be half of million dollar i don't know the exact year he already posted i read it and analyze thing and hell yeaaah let's wait for this to happen.
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May 08, 2017, 11:23:35 AM
 #11

Strong demand in Japan where it is now deemed a legal means of payment is among many factors pushing the price higher. Great article:

https://www.finextra.com/newsarticle/30527/bitcoin-set-to-go-boom

I don't think so we will be seeing 3K by the end of this year, More like $2K stable is what is more likely to happen. Unless there is some sort of hype bubble we won't be seeing 3K, well that's my opinion.
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May 08, 2017, 11:31:46 AM
 #12

I think so. But we have not hit $2000 a piece yet. So lower your expectations. But $3000 is possible tho.  Bitcoin always pump at the end of the year. So theres a very small chance to hit that amount. The possible amount is $2000-$2500 a piece. That's if massive adoption occurs.
I am still amazed that even if there are many problems like the transaction times and the increasing fees of bitcoin transaction, It is still going so much high. I have started of thinking it as a bubble, like that of 2013 bubble and it's gonna be bigger than the previous one and I can't even think if it crashes, what will occur to the investors who are buying in right now.

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May 08, 2017, 11:53:35 AM
 #13

I think so. But we have not hit $2000 a piece yet. So lower your expectations. But $3000 is possible tho.  Bitcoin always pump at the end of the year. So theres a very small chance to hit that amount. The possible amount is $2000-$2500 a piece. That's if massive adoption occurs.
I am still amazed that even if there are many problems like the transaction times and the increasing fees of bitcoin transaction, It is still going so much high. I have started of thinking it as a bubble, like that of 2013 bubble and it's gonna be bigger than the previous one and I can't even think if it crashes, what will occur to the investors who are buying in right now.

There isn't a transaction delay problem if you pay the proper fee, but fees are getting higher because the demand is too high and blocks are too small to fit everybody in. Everybody knows there is a problem with the current situation but the best solution available is activating Segwit, not HF.

Bitmain just should support Segwit just like they did it with LTC. HF will bring more trouble than solutions.

Aside from the high fees, everything is fine with bitcoin. We passed 1500, reached 1600$ already. One step more and its 2k$. It can happen anytime now, but there won't be anything like 2013 again unless bitcoin gets banned in USA or some similar major shit happens.

In 2013, Most of the trading volume was coming from Gox only. We lost %80 because we lost the major trading exchange along with the bitcoins in it. People gotten smarter after gox (hopefully) I don't know if anyone is still dumb enough to make trades on exchanges with all of his/her wealth now.

Sub 1300$ again? We'll see it again in the future, most likely.

Sub 1000$ again? There is a chance. If a big exchange goes gox > 900$.

Sub 500$ again? Almost impossible.

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May 08, 2017, 12:08:09 PM
 #14

Probably. But we dont have enough facts to decide that.
All of this will just be speculation.
Predicting future price of bitcoin was always speculation and nothing more, even facts or news won't guarantee you that we reach certain price level.

There might be someone who will get lucky to predict it but yet that is all just luck.
I like the term "educated guessing" a bit more.

Looking at how Japan made progress with using the bitcoin technology it gave a larger chance for bitcoin to grew more in terms of value.
Maybe if 2 or more countries could do this that $3000 will be easy to achieve.
And that is what will most likely happen. See here: Russia's Finance Ministry Cryptocurrencies may be recognized in 2018 -
https://www.bloomberg.com/news/articles/2017-04-10/russia-caves-in-on-bitcoin-to-open-new-front-on-money-laundering
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May 08, 2017, 12:13:02 PM
 #15

the bitcoin as a Japanese legal currency will as well pushed some of the notable altcoins such as litecoin, stellar lumens to up, because the high volume of transaction to be a legal currency. if the people are unable to use bitcoin due to its fee, then they choose something else instead. altcoins are traded mainly with bitcoins, thus supports bitcoin's price.

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May 08, 2017, 12:23:40 PM
 #16

Still far feached for me to reach $3000 at the end of the year. More likely around $2000. We are pushing it too much to speculate that $3000 will be price in December. As long as the price is high I don't think that we should be disappointed if it didn't touch $3000. $2000 for me is still good price at the end of the year and I will take it anytime of the day.  Grin

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May 08, 2017, 12:56:56 PM
 #17

Strong demand in Japan where it is now deemed a legal means of payment is among many factors pushing the price higher. Great article:

https://www.finextra.com/newsarticle/30527/bitcoin-set-to-go-boom
The current elected president of France was also a bitcoin enthusiast based on this we expect the price to also take another high leap when his swear in as president and by then price may jump to around $2,000. If only Japanese government legalized bitcoin as a means of payment is behind the current positive price outlook for crypto currencies in general then before the end of the year we expect price to hicks to $3,000.
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May 08, 2017, 01:33:31 PM
 #18

Still far feached for me to reach $3000 at the end of the year. More likely around $2000. We are pushing it too much to speculate that $3000 will be price in December. As long as the price is high I don't think that we should be disappointed if it didn't touch $3000. $2000 for me is still good price at the end of the year and I will take it anytime of the day.  Grin
Even I speculated $2000 some days ago. But when it already reached $1630, I would say there are higher chances of it reaching $3000. The people of Japan readily accept technology. Therefore, the demand of bitcoin in Japan will increase more. They will take the price of bitcoin to $3000. Bitcoin to go!
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May 08, 2017, 02:46:57 PM
 #19

I do hope so, this will make me happy when it does. Though my holdings are not so big, so the effect will not be maximized if it does happen. I still would like to see that price range and be able to convert my btc to fiat and be a lot richer than now.
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May 08, 2017, 03:29:30 PM
 #20

I think so. But we have not hit $2000 a piece yet. So lower your expectations. But $3000 is possible tho.  Bitcoin always pump at the end of the year. So theres a very small chance to hit that amount. The possible amount is $2000-$2500 a piece. That's if massive adoption occurs.
$3000 next year maybe, this year's target is $2000. Wink i'm really happy that the price is increasing and bitcoin adoption is also increasing. hodl till $5000+!(i'm not selling below this price)
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May 08, 2017, 03:59:47 PM
 #21

I think so. But we have not hit $2000 a piece yet. So lower your expectations. But $3000 is possible tho.  Bitcoin always pump at the end of the year. So theres a very small chance to hit that amount. The possible amount is $2000-$2500 a piece. That's if massive adoption occurs.
$3000 next year maybe, this year's target is $2000. Wink i'm really happy that the price is increasing and bitcoin adoption is also increasing. hodl till $5000+!(i'm not selling below this price)

Well, it's sound good news. Yes I'm also think like that if the Bitcoin price will be reach $2000 in this end years
and $3000 for next years. But we are hope there haven't a negative news or panic selling by trader.
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May 08, 2017, 04:27:09 PM
 #22

Strong demand in Japan where it is now deemed a legal means of payment is among many factors pushing the price higher. Great article:
It has a big role for the pump of the bitcoin price right now. There is no way for the scaling problem, It is not bringing us the hype to pump the price of bitcoin.
The possible thing caused by the massive adoption was coming from japan. More companies and bankers try to get his luck on bitcoin.
I entirely agree with it.
Japan news is the main factor gives a lot of pump for bitcoin.

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May 08, 2017, 06:38:24 PM
 #23

Strong demand in Japan where it is now deemed a legal means of payment is among many factors pushing the price higher. Great article:
It has a big role for the pump of the bitcoin price right now. There is no way for the scaling problem, It is not bringing us the hype to pump the price of bitcoin.
The possible thing caused by the massive adoption was coming from japan. More companies and bankers try to get his luck on bitcoin.
I entirely agree with it.
Japan news is the main factor gives a lot of pump for bitcoin.

Yes. Since the announcement/news about the acceptance of Bitcoin in Japan as a mode of payment, Bitcoin's price constantly increased. This means that Japan's action triggered people to engage in bitcoin, thus, making the demand for bitcoin become bigger. Within just a month, bitcoin's price was increased over 300USD and what more at the end of this year. Japan surely pumped bitcoin hard.

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May 08, 2017, 06:41:04 PM
 #24

I think so. But we have not hit $2000 a piece yet. So lower your expectations. But $3000 is possible tho.  Bitcoin always pump at the end of the year. So theres a very small chance to hit that amount. The possible amount is $2000-$2500 a piece. That's if massive adoption occurs.
$3000 next year maybe, this year's target is $2000. Wink i'm really happy that the price is increasing and bitcoin adoption is also increasing. hodl till $5000+!(i'm not selling below this price)

Well, it's sound good news. Yes I'm also think like that if the Bitcoin price will be reach $2000 in this end years
and $3000 for next years. But we are hope there haven't a negative news or panic selling by trader.

Price is moving in a positive direction at a moment so we can expect $2000 price in the end of the year but I really doubt that we will be seeing $3000 price in this year as its too early to expect that huge price of bitcoins and may be we will see that price in the end of the next year but not possible in this year for sure.

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DustyRah
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May 08, 2017, 10:00:34 PM
 #25

It may easily reach $3000 this year. What is happening now is that BTC is leaving the hands of regular people and moving into the hands of investors because they are starting to see it as a very good opportunity.

Traders and org based investors are clever and will try to maximize the earnings through taking profits and reinvesting. The train will leave more and more amateurs behind as time passes.
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May 08, 2017, 10:03:24 PM
 #26

2k maxd out lambo money fifty k bandz soon all aroud rackz and hoes 30k bitcoin
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May 08, 2017, 10:23:30 PM
 #27

I think so. But we have not hit $2000 a piece yet. So lower your expectations. But $3000 is possible tho.  Bitcoin always pump at the end of the year. So theres a very small chance to hit that amount. The possible amount is $2000-$2500 a piece. That's if massive adoption occurs.
$3000 next year maybe, this year's target is $2000. Wink i'm really happy that the price is increasing and bitcoin adoption is also increasing. hodl till $5000+!(i'm not selling below this price)

Well, it's sound good news. Yes I'm also think like that if the Bitcoin price will be reach $2000 in this end years
and $3000 for next years. But we are hope there haven't a negative news or panic selling by trader.

Price is moving in a positive direction at a moment so we can expect $2000 price in the end of the year but I really doubt that we will be seeing $3000 price in this year as its too early to expect that huge price of bitcoins and may be we will see that price in the end of the next year but not possible in this year for sure.

2000$ price is the decent prediction of this year if there no bad events will be happen and 3000$ is to much since that price is pretty huge to get up. But it seems bitfinex got problem at this moment at lewts hope that theres no bad will be happen on it and they can solve their problem since it can have bad impact to bitcoins if something bad happen on that exchange.

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May 08, 2017, 10:29:41 PM
 #28

It may easily reach $3000 this year. What is happening now is that BTC is leaving the hands of regular people and moving into the hands of investors because they are starting to see it as a very good opportunity.

Traders and org based investors are clever and will try to maximize the earnings through taking profits and reinvesting. The train will leave more and more amateurs behind as time passes.
Bitcoin does have big investments from big time whales who found bitcoin as the future of saving your assets under your control rather than a third party,but people will always have a role in what the situation could be rather than institutions who only care about reaping the biggest profit at a short time.With the level of growth we see in the price of bitcoin it could cross those values when we have a couple of big investors in the coin.
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May 08, 2017, 10:36:59 PM
 #29

Good for us if bitcoin could make.it, but I still consider $2000 is a target for this year as price fluctuate due to speculation and good news around the world about bitcoin adoption. Japan can't stand alone to lift off bitcoin reach $3000 but it needs all of the countries, global trading volume should increase than we can see that happen. I believe current rally driven by ETF decision on 15th May, and wait for it which could make the price decline again.
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May 08, 2017, 10:42:53 PM
 #30

It may easily reach $3000 this year. What is happening now is that BTC is leaving the hands of regular people and moving into the hands of investors because they are starting to see it as a very good opportunity.

Traders and org based investors are clever and will try to maximize the earnings through taking profits and reinvesting. The train will leave more and more amateurs behind as time passes.
Bitcoin does have big investments from big time whales who found bitcoin as the future of saving your assets under your control rather than a third party,but people will always have a role in what the situation could be rather than institutions who only care about reaping the biggest profit at a short time.With the level of growth we see in the price of bitcoin it could cross those values when we have a couple of big investors in the coin.
I think who are holding a lots of bitcoin he can really make a large profit like you said whales they making bitcoin profit in just few of their bitcoin instantly.
And i think they are not only one people they are a group i have a group in skype but honestly they are giving less info except if you are the private member..

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May 08, 2017, 11:29:38 PM
 #31

Good for us if bitcoin could make.it, but I still consider $2000 is a target for this year as price fluctuate due to speculation and good news around the world about bitcoin adoption. Japan can't stand alone to lift off bitcoin reach $3000 but it needs all of the countries, global trading volume should increase than we can see that happen. I believe current rally driven by ETF decision on 15th May, and wait for it which could make the price decline again.
If all the countries will gather to join and support bitcoin then it will boost up it more and then we will think for the price to reach to $10,000 as then the investors will run for to invest in bitcoin and now we can expect that the price of bitcoin will reach to $3000 till the end of this year as the progress of bitcoin value is going very well.
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May 09, 2017, 12:35:20 AM
 #32

We were 1000 Jan 1 we battled through China and their views on bitcoin, Bitcoin Unlimited, fears of a fork, and in 5 months gained 700. Japan is now fully on board, soon russia. 2000 is within reach I would place a target of 2,500 by end of year!
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May 09, 2017, 12:53:00 AM
 #33

We were 1000 Jan 1 we battled through China and their views on bitcoin, Bitcoin Unlimited, fears of a fork, and in 5 months gained 700. Japan is now fully on board, soon russia. 2000 is within reach I would place a target of 2,500 by end of year!

I think 2000 is a conservative estimate for btc. Japan approving bitcoin will set a precedent for other countries to follow suite. Bitcoin will become popularized as more and more countries adopt it.
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May 09, 2017, 01:01:06 AM
 #34

We were 1000 Jan 1 we battled through China and their views on bitcoin, Bitcoin Unlimited, fears of a fork, and in 5 months gained 700. Japan is now fully on board, soon russia. 2000 is within reach I would place a target of 2,500 by end of year!

I think 2000 is a conservative estimate for btc. Japan approving bitcoin will set a precedent for other countries to follow suite. Bitcoin will become popularized as more and more countries adopt it.

Its hard to believe that every countries will start following the footsteps of Japan and for that to happen I think we need to wait for a really long time and the price of bitcoin is increasing on regular basis so I think now it won't be hard to achieve the price of $3k in the end of the year.
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May 09, 2017, 02:07:34 AM
 #35

We were 1000 Jan 1 we battled through China and their views on bitcoin, Bitcoin Unlimited, fears of a fork, and in 5 months gained 700. Japan is now fully on board, soon russia. 2000 is within reach I would place a target of 2,500 by end of year!

I think 2000 is a conservative estimate for btc. Japan approving bitcoin will set a precedent for other countries to follow suite. Bitcoin will become popularized as more and more countries adopt it.

Its hard to believe that every countries will start following the footsteps of Japan and for that to happen I think we need to wait for a really long time and the price of bitcoin is increasing on regular basis so I think now it won't be hard to achieve the price of $3k in the end of the year.
Agreed, same as Japan more Countries won't step into legalized bitcoin usage in a short. The adoption of bitcoin by Japan acts as a test bed for the other countries who have been researching hard to implement bitcoin for their needs. Looking the progressive growth further can see more Countries joining it.
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May 09, 2017, 06:25:31 PM
Last edit: May 10, 2017, 07:27:43 PM by South Park
 #36

Strong demand in Japan where it is now deemed a legal means of payment is among many factors pushing the price higher. Great article:

https://www.finextra.com/newsarticle/30527/bitcoin-set-to-go-boom
That seems too high, but bitcoin keeps growing and it seems it is not going to stop any time soon, so it may be possible to achieve such a price but we must also prepare for the possibility the price does not get that high, so you need to be always prepared to cash out if needed.

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May 09, 2017, 06:58:15 PM
 #37

Meh, every time that goes up quickly these posts and articles appear. Yeaah bitcoin will reach 3k and when it reaches 3k if it was quick articles will say it will reach 4k. Truthfully I doubt anyone has predicted bitcoin price accurately for long periods of time because it's extremely hard, it's not like fiat where traders can actually predict the price. Bitcoins are affected by many things unlike fiat where only a really big catastrophe or event would really chance the price drastically

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May 09, 2017, 07:03:16 PM
 #38

Once touching 2000-2100 the following days It wouldn't surprise me a  strong correction back to 1300-1500, but still 3000$ at the end of the year seems reasonable right now.
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May 09, 2017, 07:45:07 PM
 #39

I think so. But we have not hit $2000 a piece yet. So lower your expectations. But $3000 is possible tho.  Bitcoin always pump at the end of the year. So theres a very small chance to hit that amount. The possible amount is $2000-$2500 a piece. That's if massive adoption occurs.
$3000 next year maybe, this year's target is $2000. Wink i'm really happy that the price is increasing and bitcoin adoption is also increasing. hodl till $5000+!(i'm not selling below this price)

I Think if only target reach 2000 dollar/bitcoin is easy
because this now bitcoin price is ready 1700 dollar, without problem and bad news only few time can get reach 2000 dollar/bitcoin
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May 09, 2017, 08:30:04 PM
 #40

Once touching 2000-2100 the following days It wouldn't surprise me a  strong correction back to 1300-1500, but still 3000$ at the end of the year seems reasonable right now.

I agree, if we touch $2000 by June, then bitcoin at $3000 is very possible.  This good news from Japan are keeping people to be in FOMO thus this bring buy pressure to the exchange.  Aside from that there are 10 company from Japan that will join the Bitcoin economy.  This may bring another set of billions of fresh fund to Bitcoin.
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May 09, 2017, 08:51:52 PM
 #41

now i can easily says that bitcoin will be reach its price to 3000$ at the end of this year because bitcoin price rising up very quickly and people investing their money in high amount in bitcoin they are satisfy that bitcoin will be give us a good profit in the future.
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May 09, 2017, 09:05:03 PM
 #42

There's no impossible thing right now. Most of us did only expected the price can be reach to $1,500 slowly by this year.

But we have saw on how fast the price is increasing and this is really good, maybe we will see the price reach at $2,000 maybe by August.

And if that happens expect another increase with the Ber months. By that time, people are becoming wealthy when the holiday season is near.

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May 09, 2017, 10:05:48 PM
 #43

now i can easily says that bitcoin will be reach its price to 3000$ at the end of this year because bitcoin price rising up very quickly and people investing their money in high amount in bitcoin they are satisfy that bitcoin will be give us a good profit in the future.
yeah bitcoin will be cross 3000$ easily because bitcoin increasing its price daily 50$ or 100$ so i hope bitcoin sooner will be rise to 3000$ and people are very interest now to invest money in bitcoin and people are very wonderful about bitcoin and they joining bitcoin very quickly.
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May 09, 2017, 11:13:22 PM
 #44

now i can easily says that bitcoin will be reach its price to 3000$ at the end of this year because bitcoin price rising up very quickly and people investing their money in high amount in bitcoin they are satisfy that bitcoin will be give us a good profit in the future.
yeah bitcoin will be cross 3000$ easily because bitcoin increasing its price daily 50$ or 100$ so i hope bitcoin sooner will be rise to 3000$ and people are very interest now to invest money in bitcoin and people are very wonderful about bitcoin and they joining bitcoin very quickly.
yes there is no doubt that if the price of bitcoin will continue the present progress then very soon it is going to hit 3000 USD level. may be it will cross that level very early before ending 2017, people are still very confidence and even now they are purchasing bitcoin while the price is already trading above 1700 USD level.
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May 09, 2017, 11:14:14 PM
 #45

It could happen. Imagine now that bitcoin price increases have reached 50% compared to last month. This is a fantastic record. And I am confused right now, I am dilemma whether to sell bitcoin or do bitcoin holding.
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May 10, 2017, 05:02:51 AM
 #46

Yes i guess that the price of bitcoins would be more than 3000$ by the end of this year.It is quite obvious as the demand for bitcoins in japan has increased a lot and even if another country accepts ,then in no time the price of bitcoins would be more than 5000$.
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May 10, 2017, 05:37:26 AM
 #47

Strong demand in Japan where it is now deemed a legal means of payment is among many factors pushing the price higher. Great article:

https://www.finextra.com/newsarticle/30527/bitcoin-set-to-go-boom

Yes, but right now Japan is like the only place which the economy is in the top 10 of the world that recognises bitcoin. China has tightened their controls to the point that it is pretty much impossible for an average Joe to use bitcoin.

If China can loosen its restrictions on BTC again, or another country legally recognizes bitcoin, then I think that $3000 is just something that can be so easily achieved. But that is probably not going to happen to be honest.

$2,000 is a good estimate for the end of the year and i suspect that the price level would have stabilized around there.
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May 10, 2017, 03:37:09 PM
 #48

Strong demand in Japan where it is now deemed a legal means of payment is among many factors pushing the price higher. Great article:

https://www.finextra.com/newsarticle/30527/bitcoin-set-to-go-boom

for the current movements of bitcoin's price it looks really possible that $3000 price is going to happen even not exactly at the end of this year  but we can never be sure about it and there are lots of possibilities that will going to affect the price . but still nobody's not hoping for it so what we can do for now is to watch the price's activity .
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May 10, 2017, 03:52:35 PM
 #49

Strong demand in Japan where it is now deemed a legal means of payment is among many factors pushing the price higher. Great article:

https://www.finextra.com/newsarticle/30527/bitcoin-set-to-go-boom

for the current movements of bitcoin's price it looks really possible that $3000 price is going to happen even not exactly at the end of this year  but we can never be sure about it and there are lots of possibilities that will going to affect the price . but still nobody's not hoping for it so what we can do for now is to watch the price's activity .
I have my doubts about this one because when we get over $2000 the temptation will be too high for whales to ignore making it difficult for bitcoin prices to soar as whales will dump some their btc sending a negative price effect, but you  know what anything is possible inclusive of going over 3k Wink

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May 10, 2017, 04:01:36 PM
 #50

Strong demand in Japan where it is now deemed a legal means of payment is among many factors pushing the price higher. Great article:

https://www.finextra.com/newsarticle/30527/bitcoin-set-to-go-boom

for the current movements of bitcoin's price it looks really possible that $3000 price is going to happen even not exactly at the end of this year  but we can never be sure about it and there are lots of possibilities that will going to affect the price . but still nobody's not hoping for it so what we can do for now is to watch the price's activity .
I have my doubts about this one because when we get over $2000 the temptation will be too high for whales to ignore making it difficult for bitcoin prices to soar as whales will dump some their btc sending a negative price effect, but you  know what anything is possible inclusive of going over 3k Wink

Well, we'll drop right back into the channel if a dump happens and happens after a sharp pump so nothing too  serious will come from that situation. Seeing how little resistance we've seen recently a dump could indeed happen soon. Still, holding seems to be the best way to go right now.
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May 10, 2017, 05:25:48 PM
 #51

Once touching 2000-2100 the following days It wouldn't surprise me a  strong correction back to 1300-1500, but still 3000$ at the end of the year seems reasonable right now.

I agree, if we touch $2000 by June, then bitcoin at $3000 is very possible.  This good news from Japan are keeping people to be in FOMO thus this bring buy pressure to the exchange.  Aside from that there are 10 company from Japan that will join the Bitcoin economy.  This may bring another set of billions of fresh fund to Bitcoin.

That's amazing news, now we can wait and see the Bitcoin price will increasing every day.
I think to be $3000 per Bitcoin it's need some next month.
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May 10, 2017, 05:41:33 PM
 #52

Once touching 2000-2100 the following days It wouldn't surprise me a  strong correction back to 1300-1500, but still 3000$ at the end of the year seems reasonable right now.

I agree, if we touch $2000 by June, then bitcoin at $3000 is very possible.  This good news from Japan are keeping people to be in FOMO thus this bring buy pressure to the exchange.  Aside from that there are 10 company from Japan that will join the Bitcoin economy.  This may bring another set of billions of fresh fund to Bitcoin.

That's amazing news, now we can wait and see the Bitcoin price will increasing every day.
I think to be $3000 per Bitcoin it's need some next month.
you want bitcoin to hit $3000 levels by next month, I believe it is going to happen as per the pace of how bitcoin is currently growing now a days. There are many positive news are coming out from Japan in regular interval which will be supporting more new investors to step into bitcoin ecosystem.

In a rough estimations, I guess we may hit $5k or $10k levels by end of this year, yes it is possible like how we did in 2013, from $230+ to $1250+ levels.
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May 10, 2017, 05:47:59 PM
 #53

Well, we'll drop right back into the channel if a dump happens and happens after a sharp pump so nothing too  serious will come from that situation. Seeing how little resistance we've seen recently a dump could indeed happen soon. Still, holding seems to be the best way to go right now.

People are willing to basically pay any price to have a few coins, which is exactly why there isn't any real resistance. But we also know that this can't continue all the time. Sooner or later we'll reach a point where people will think twice before buying at that price -- I don't think we're very far away from this becoming reality soon. Holding is indeed one of the better options, but cashing out profits isn't that bad either at current levels.
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May 10, 2017, 05:52:30 PM
 #54

Once touching 2000-2100 the following days It wouldn't surprise me a  strong correction back to 1300-1500, but still 3000$ at the end of the year seems reasonable right now.

I agree, if we touch $2000 by June, then bitcoin at $3000 is very possible.  This good news from Japan are keeping people to be in FOMO thus this bring buy pressure to the exchange.  Aside from that there are 10 company from Japan that will join the Bitcoin economy.  This may bring another set of billions of fresh fund to Bitcoin.

That's amazing news, now we can wait and see the Bitcoin price will increasing every day.
I think to be $3000 per Bitcoin it's need some next month.
you want bitcoin to hit $3000 levels by next month, I believe it is going to happen as per the pace of how bitcoin is currently growing now a days. There are many positive news are coming out from Japan in regular interval which will be supporting more new investors to step into bitcoin ecosystem.

In a rough estimations, I guess we may hit $5k or $10k levels by end of this year, yes it is possible like how we did in 2013, from $230+ to $1250+ levels.
I also believe that bitcoin will reach $3k by end of next month or two, as most of the Japanese people believe in savings and now they are having so much money as government is buying bonds and they have no place to invest money and government has legalized bitcoin, so they are buying bitcoins as an investment.
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May 10, 2017, 06:28:09 PM
 #55

Once touching 2000-2100 the following days It wouldn't surprise me a  strong correction back to 1300-1500, but still 3000$ at the end of the year seems reasonable right now.

I agree, if we touch $2000 by June, then bitcoin at $3000 is very possible.  This good news from Japan are keeping people to be in FOMO thus this bring buy pressure to the exchange.  Aside from that there are 10 company from Japan that will join the Bitcoin economy.  This may bring another set of billions of fresh fund to Bitcoin.

That's amazing news, now we can wait and see the Bitcoin price will increasing every day.
I think to be $3000 per Bitcoin it's need some next month.
you want bitcoin to hit $3000 levels by next month, I believe it is going to happen as per the pace of how bitcoin is currently growing now a days. There are many positive news are coming out from Japan in regular interval which will be supporting more new investors to step into bitcoin ecosystem.

In a rough estimations, I guess we may hit $5k or $10k levels by end of this year, yes it is possible like how we did in 2013, from $230+ to $1250+ levels.

It seems like fake speculation you are saying. No one would accept your view that bitcoin will reach to 3000$ in next month. After Japan announces the bitcoin as legal money in use. There is vast range of adoption over bitcoin technology.
You could find large amount of gambling and betting site where you can play using bitcoin and many exchanges increased in this year when compare with last year.
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May 10, 2017, 07:31:27 PM
 #56

Strong demand in Japan where it is now deemed a legal means of payment is among many factors pushing the price higher. Great article:

https://www.finextra.com/newsarticle/30527/bitcoin-set-to-go-boom

Yes, but right now Japan is like the only place which the economy is in the top 10 of the world that recognises bitcoin. China has tightened their controls to the point that it is pretty much impossible for an average Joe to use bitcoin.

If China can loosen its restrictions on BTC again, or another country legally recognizes bitcoin, then I think that $3000 is just something that can be so easily achieved. But that is probably not going to happen to be honest.

$2,000 is a good estimate for the end of the year and i suspect that the price level would have stabilized around there.
Japan may be more than enough to get the price to that level if adoption really goes up especially among the young people that are always connected to the internet, also since housewives are the ones that manage the finances in japan if women adopt bitcoin then bitcoin could really skyrocket.

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May 10, 2017, 08:37:39 PM
 #57

We are close now to $2,000 and I believe that we are going to reach that point before the end of the year. But I doubt that it is going to happen for this year. Well see, because the movement of bitcoin's price is very fast and most of us here didn't expect this early that the price of bitcoin is going to reach at $1,700.



 

 

 

 

 

 


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May 10, 2017, 09:54:17 PM
 #58

I imagine you meant 12 000 before year end ?
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May 10, 2017, 09:59:14 PM
 #59

We are close now to $2,000 and I believe that we are going to reach that point before the end of the year. But I doubt that it is going to happen for this year. Well see, because the movement of bitcoin's price is very fast and most of us here didn't expect this early that the price of bitcoin is going to reach at $1,700.

This was all happening due to japan legalizing bitcoin and now Japan investors are buying bitcoins seeing the potential of it and the business peoples are also taking opportunity to increase their sales by accepting bitcoin as payment option
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May 10, 2017, 10:07:46 PM
 #60

We are close now to $2,000 and I believe that we are going to reach that point before the end of the year. But I doubt that it is going to happen for this year. Well see, because the movement of bitcoin's price is very fast and most of us here didn't expect this early that the price of bitcoin is going to reach at $1,700.

That is more reasonable prediction then 3000$ by the end of this year, that is too much. Price is going up for some time, this is already surprise for many people, and I`m not the only one that thinks that we will see some drop in near future or correction, call it as you like. Anyway this watching price going up and making new records brings excitement to everyone of us.



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May 10, 2017, 10:28:51 PM
 #61

We are close now to $2,000 and I believe that we are going to reach that point before the end of the year. But I doubt that it is going to happen for this year. Well see, because the movement of bitcoin's price is very fast and most of us here didn't expect this early that the price of bitcoin is going to reach at $1,700.

This was all happening due to japan legalizing bitcoin and now Japan investors are buying bitcoins seeing the potential of it and the business peoples are also taking opportunity to increase their sales by accepting bitcoin as payment option

Good thing that there is the Japanese that is willing to support bitcoin. Shame to the bigger country that stops the growth of bitcoin. I also read and I don't have an idea if this is true about Russia, they are also making a noise when it comes to bitcoin adoption. But whomever and whatever the reason of this growth, this is the best.



 

 

 

 

 

 


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May 10, 2017, 10:29:37 PM
 #62

Y'all's onna money, my fine bleck brotha.  We is goin' up beyont that too, don'tcha know.  Ain't nevva thunked we'd all git ta $1750 this year but we done it.  Bitcoin rolled up on r asses like a case a testicular manslaughter an' it don't seem like it's never gonna stop!  Busta wizzack!!
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May 10, 2017, 10:37:46 PM
 #63

We are close now to $2,000 and I believe that we are going to reach that point before the end of the year. But I doubt that it is going to happen for this year. Well see, because the movement of bitcoin's price is very fast and most of us here didn't expect this early that the price of bitcoin is going to reach at $1,700.

This was all happening due to japan legalizing bitcoin and now Japan investors are buying bitcoins seeing the potential of it and the business peoples are also taking opportunity to increase their sales by accepting bitcoin as payment option

Good thing that there is the Japanese that is willing to support bitcoin. Shame to the bigger country that stops the growth of bitcoin. I also read and I don't have an idea if this is true about Russia, they are also making a noise when it comes to bitcoin adoption. But whomever and whatever the reason of this growth, this is the best.

good to see bitcoin price is still increase, this is my first time to see bitcoin in high price, i think it will going to go up more and gladly that japanese people is now trying to use bitcoin in their country. $1,8xx has been passed and now the price is back at $1,7xx but i see in the market, that bitcoin price is still pushing to go up.

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May 11, 2017, 07:18:45 AM
 #64

We are close now to $2,000 and I believe that we are going to reach that point before the end of the year. But I doubt that it is going to happen for this year. Well see, because the movement of bitcoin's price is very fast and most of us here didn't expect this early that the price of bitcoin is going to reach at $1,700.

This was all happening due to japan legalizing bitcoin and now Japan investors are buying bitcoins seeing the potential of it and the business peoples are also taking opportunity to increase their sales by accepting bitcoin as payment option

Good thing that there is the Japanese that is willing to support bitcoin. Shame to the bigger country that stops the growth of bitcoin. I also read and I don't have an idea if this is true about Russia, they are also making a noise when it comes to bitcoin adoption. But whomever and whatever the reason of this growth, this is the best.

good to see bitcoin price is still increase, this is my first time to see bitcoin in high price, i think it will going to go up more and gladly that japanese people is now trying to use bitcoin in their country. $1,8xx has been passed and now the price is back at $1,7xx but i see in the market, that bitcoin price is still pushing to go up.

Even I, this is the first time to see the price of bitcoin to reach at $1,800+ right now and there are a lot of speculations that it can even go higher. Let's hope that this is going to be the new floor price of bitcoin but it will be better if we will see the price to reach up to $3,000 or even $4,000 that's in our favor.



 

 

 

 

 

 


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rickadone
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May 11, 2017, 08:35:26 AM
 #65

Probably. But we dont have enough facts to decide that.
All of this will just be speculation.
There might be someone who will get lucky to predict it but yet that is all just luck.
Looking at how Japan made progress with using the bitcoin technology it gave a larger chance for bitcoin to grew more in terms of value.
Maybe if 2 or more countries could do this that $3000 will be easy to achieve.
Well I guess it will be too early to say that $3000 could be crossed this year. Though there is a rise in the demand of the BTC but still I am not sure that this is the time where we can say anything like this. Japan no doubt has made some progress towards the BTC but it doesn’t mean that the price will go that much high that soon. I am not in a positions to accept it currently.
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May 11, 2017, 08:57:01 AM
 #66

7 months to go and it will be end of the year. $3,000 is not far from where we stand right now, if the rise of Bitcoin continuous like $50 increase per day or lest say a modest of $20 then $3,000 is achievable by end of this year. Lets just cross our fingers that there is no hacking of known exchange site that will happen in the next coming months as this also have an affect in Bitcoin price.
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May 11, 2017, 09:12:35 AM
 #67

Look at current prices, I think it's possible. Unexpected bitcoin prices can rise very quickly, there is a chance it will happen until the end of the year and it is likely to reach $ 3,000. Well, we may have to have a lot of bitcoin.

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May 11, 2017, 09:15:41 AM
 #68

Probably. But we dont have enough facts to decide that.
All of this will just be speculation.
There might be someone who will get lucky to predict it but yet that is all just luck.
Looking at how Japan made progress with using the bitcoin technology it gave a larger chance for bitcoin to grew more in terms of value.
Maybe if 2 or more countries could do this that $3000 will be easy to achieve.
Well I guess it will be too early to say that $3000 could be crossed this year. Though there is a rise in the demand of the BTC but still I am not sure that this is the time where we can say anything like this. Japan no doubt has made some progress towards the BTC but it doesn’t mean that the price will go that much high that soon. I am not in a positions to accept it currently.

Well I guess its pretty ok to speculate for that price reached right now since first we are early stage of the year meaning bitcoin has a time to run more longer and japans adoption truly got a great effect on it theirs no doubt if good will allow bitcoins price would reach for that.

but for now lets just focus on the price almost reaching for 200$ at this moment and surely many people are yet holding for more eventhough their profits for this current rise event is huge.

R


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May 11, 2017, 09:25:08 AM
 #69


 Shocked

How much pessimism, reading something like that makes anyone lose the urge to eat...

As these facts and questions enter the wider consciousness, as they have begun to, Williams feels smaller Bitcoin investors will pull out. “When these million people stop buying at these high prices, that’s when the house of cards will start falling price wise.”

He gave his opinion





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Sniper44
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May 11, 2017, 10:18:48 AM
 #70

We are close now to $2,000 and I believe that we are going to reach that point before the end of the year. But I doubt that it is going to happen for this year. Well see, because the movement of bitcoin's price is very fast and most of us here didn't expect this early that the price of bitcoin is going to reach at $1,700.

This was all happening due to japan legalizing bitcoin and now Japan investors are buying bitcoins seeing the potential of it and the business peoples are also taking opportunity to increase their sales by accepting bitcoin as payment option

Good thing that there is the Japanese that is willing to support bitcoin. Shame to the bigger country that stops the growth of bitcoin. I also read and I don't have an idea if this is true about Russia, they are also making a noise when it comes to bitcoin adoption. But whomever and whatever the reason of this growth, this is the best.

Russia or i better say news coming from Russia and being translated to English is always like this. they mostly translate the news into some worse version of what it really was and then publish it, classic click bait news site tactic.
they never made bitcoin illegal yet a lot of news sites said it is.
they never made it legal either and yet many sites said they did.

the truth is, they have been worried about bitcoin for so many years and voiced some concerns about it, but with Japanese news their worries were lessened by a lot.

to the moon with bitcoin...
peter0425
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May 11, 2017, 02:12:30 PM
 #71

Probably. But we dont have enough facts to decide that.
All of this will just be speculation.
There might be someone who will get lucky to predict it but yet that is all just luck.
Looking at how Japan made progress with using the bitcoin technology it gave a larger chance for bitcoin to grew more in terms of value.
Maybe if 2 or more countries could do this that $3000 will be easy to achieve.
Well I guess it will be too early to say that $3000 could be crossed this year. Though there is a rise in the demand of the BTC but still I am not sure that this is the time where we can say anything like this. Japan no doubt has made some progress towards the BTC but it doesn’t mean that the price will go that much high that soon. I am not in a positions to accept it currently.

Well I guess its pretty ok to speculate for that price reached right now since first we are early stage of the year meaning bitcoin has a time to run more longer and japans adoption truly got a great effect on it theirs no doubt if good will allow bitcoins price would reach for that.

but for now lets just focus on the price almost reaching for 200$ at this moment and surely many people are yet holding for more eventhough their profits for this current rise event is huge.

$2000 will be reached definitely. A lot of positive news has been going around, like Australia want to adopt bitcoin as well. So it will truly put the price of bitcoin to like $3000 at the end of the year. A lot of countries are now seeing the true potential of bitcoin that's why they want to adopt it otherwise they will be left in the dark about this new technology that would change the financial landscape of many nation.









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May 11, 2017, 02:26:43 PM
 #72

I assume it's a reasonable price if some big companies enter mining industry and take the power from Wu and activate Segwit, because we haven't yet seen any serious changes in the code base and we're still in experimental phase.
If difficulty increases by 20% in the next 3 months then $3000 is achievable.

But I don't like the way fee market is going, $2 for a $50 transaction is absurd/paypal much?

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May 11, 2017, 08:28:10 PM
 #73

We are close now to $2,000 and I believe that we are going to reach that point before the end of the year. But I doubt that it is going to happen for this year. Well see, because the movement of bitcoin's price is very fast and most of us here didn't expect this early that the price of bitcoin is going to reach at $1,700.

That is more reasonable prediction then 3000$ by the end of this year, that is too much. Price is going up for some time, this is already surprise for many people, and I`m not the only one that thinks that we will see some drop in near future or correction, call it as you like. Anyway this watching price going up and making new records brings excitement to everyone of us.
Don’t forget markets can remain irrational for longer than you can remain solvent, while it does not make too much sense to reach that value at the end of this year the truth is the price does not stop rising every day, so while it may seem a crazy prediction it may come true if the growth of bitcoin does not slow down.

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May 11, 2017, 08:44:29 PM
 #74

We are close now to $2,000 and I believe that we are going to reach that point before the end of the year. But I doubt that it is going to happen for this year. Well see, because the movement of bitcoin's price is very fast and most of us here didn't expect this early that the price of bitcoin is going to reach at $1,700.

This was all happening due to japan legalizing bitcoin and now Japan investors are buying bitcoins seeing the potential of it and the business peoples are also taking opportunity to increase their sales by accepting bitcoin as payment option

Good thing that there is the Japanese that is willing to support bitcoin. Shame to the bigger country that stops the growth of bitcoin. I also read and I don't have an idea if this is true about Russia, they are also making a noise when it comes to bitcoin adoption. But whomever and whatever the reason of this growth, this is the best.

Russia or i better say news coming from Russia and being translated to English is always like this. they mostly translate the news into some worse version of what it really was and then publish it, classic click bait news site tactic.
they never made bitcoin illegal yet a lot of news sites said it is.
they never made it legal either and yet many sites said they did.

the truth is, they have been worried about bitcoin for so many years and voiced some concerns about it, but with Japanese news their worries were lessened by a lot.

Is that for real, damn mainstream media really sucks. They did made Russia look like against bitcoin even there's no statement coming from them.  Well, let's go on positive now, Japan's move is the best thing that we ever seen. This is very good, if other countries will do the same exact action that Japan did, we'll see btc flying to the moon.



 

 

 

 

 

 


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ekoice
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May 12, 2017, 11:19:21 AM
 #75

Strong demand in Japan where it is now deemed a legal means of payment is among many factors pushing the price higher. Great article:

https://www.finextra.com/newsarticle/30527/bitcoin-set-to-go-boom
At first,2017 year's target was $2000 and it would be soon achieved.If bitcoin price rises continuosly in this speed,then for sure we can say that bitcoin price would even exceed $3000 by the end of 2017 due to mass adoption of bitcoins.
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