Bitcoin hits $1,600 and one investor says it could rally to $4,000 in few months

[Remnant503]

I was just thinking about that this year will end up to $1,500 but it was still too early. And after the first quarter of this year we saw the price went up to $1,600 and now at $1,700+ I would not say that $4,000 this year is impossible because the market is becoming bigger but it will take time before crossing that mark.

Until the end of the year, the market may still explode and the price of 4k dollars may not be the limit, if we look at the growth rate.

As I understand Bitcoin price is increasing because its become harder to obtain, but at the end of the day it is just a means of transferring payments electronicaly. So why don't people simply switch to any of the other Altcoins instead of keep pumping the value of Bitcoin?

[anami57]

I was just thinking about that this year will end up to $1,500 but it was still too early. And after the first quarter of this year we saw the price went up to $1,600 and now at $1,700+ I would not say that $4,000 this year is impossible because the market is becoming bigger but it will take time before crossing that mark.

Until the end of the year, the market may still explode and the price of 4k dollars may not be the limit, if we look at the growth rate.

As I understand Bitcoin price is increasing because its become harder to obtain, but at the end of the day it is just a means of transferring payments electronicaly. So why don't people simply switch to any of the other Altcoins instead of keep pumping the value of Bitcoin?

Because bitcoin has become an investment instrument for some people or groups. Bitcoin has a bright prospect as a digital currency, altcoin is in comparison because bitcoin is a measuring instrument.

[batang_bitcoin]

I was just thinking about that this year will end up to $1,500 but it was still too early. And after the first quarter of this year we saw the price went up to $1,600 and now at $1,700+ I would not say that $4,000 this year is impossible because the market is becoming bigger but it will take time before crossing that mark.

Until the end of the year, the market may still explode and the price of 4k dollars may not be the limit, if we look at the growth rate.

If that is so, then that will is really a good news for me. Though I'm not that holding a lot of bitcoins but this is going to be beneficial not just for me but for everyone of us. I wanted to see the price of bitcoin to get up to $4,000 and I hope that it is going to happen very soon. I guess it's already a few weeks away before the price will land at $2k.

[Remnant503]

The price is gone up to more than $1850 and keeps going $100 / day! Where is that correction then that they are saying will happen?

[taxmanmt5]

The price is gone up to more than $1850 and keeps going $100 / day! Where is that correction then that they are saying will happen?

We are very very near to 2000$ now. If its keep on going at the same pace, bitcoin will reach 4000$ in a few months. I am just surprised where we are heading in terms of bitcoin price ?

[Remnant503]

The price is gone up to more than $1850 and keeps going $100 / day! Where is that correction then that they are saying will happen?

We are very very near to 2000$ now. If its keep on going at the same pace, bitcoin will reach 4000$ in a few months. I am just surprised where we are heading in terms of bitcoin price ?

Maybe but its scary!
You heard the saying "What goes up must come down"?

[carlisle1]

we can see to bitcoin's price is continuously getting increased but as of now I haven't see any possibilities that it could go $4000 easily maybe for a several months but I don't think it can be in just a few months as the activity of bitcoin and the movements of its price is just slowly getting higher .

[hello_good_sir]

Well, what a surprise.
We had so many strange people that was claiming to see bitcoin price to sky-rocket in 2016 even up to 3000-4000$, and what?
Nothing happened.

So why do you really support such an opinions, because this is just a long-term insight and in cryptocurrency world, you cannot really tell if it is going to happen. Bitcoin market is so unpredictable, that it is extremely hard to predict what will be the exact price in next week and we are talking about few months!
Indeed, the news from australia are very encouraging but blockchain and bitcoin infrastructure is still not ready for such a price increase.

[Siren]

we can see to bitcoin's price is continuously getting increased but as of now I haven't see any possibilities that it could go $4000 easily maybe for a several months but I don't think it can be in just a few months as the activity of bitcoin and the movements of its price is just slowly getting higher .

Possible to touch $4000 if only the scaling issue can be resolved. Price of bitcoin now has risen to almost $2000 now without any resolution. So if we could only agreed what solution is the best and implement it $4000 or even more is very possible.

[jjacob]

we can see to bitcoin's price is continuously getting increased but as of now I haven't see any possibilities that it could go $4000 easily maybe for a several months but I don't think it can be in just a few months as the activity of bitcoin and the movements of its price is just slowly getting higher .

Possible to touch $4000 if only the scaling issue can be resolved. Price of bitcoin now has risen to almost $2000 now without any resolution. So if we could only agreed what solution is the best and implement it $4000 or even more is very possible.

That is a very big if. The block size debate is contentious and has split the bitcoin community vertically down the middle.
Still, it was good to see $1800+ reached even in the midst of the debate. Now we have the inevitable profit booking and Bitcoin is sliding down again.

[AjithBtc]

we can see to bitcoin's price is continuously getting increased but as of now I haven't see any possibilities that it could go $4000 easily maybe for a several months but I don't think it can be in just a few months as the activity of bitcoin and the movements of its price is just slowly getting higher .

Possible to touch $4000 if only the scaling issue can be resolved. Price of bitcoin now has risen to almost $2000 now without any resolution. So if we could only agreed what solution is the best and implement it $4000 or even more is very possible.

That is a very big if. The block size debate is contentious and has split the bitcoin community vertically down the middle.
Still, it was good to see $1800+ reached even in the midst of the debate. Now we have the inevitable profit booking and Bitcoin is sliding down again.

Several times during the time of debate on the blocksize issue the price has grown high as well reached low. As quoted the recent price surge over $1800 too took place in an unexpected time. As the thread heading states the probability to reach $4k is there, but when it happens is simply unknown.

[azguard]

we can see to bitcoin's price is continuously getting increased but as of now I haven't see any possibilities that it could go $4000 easily maybe for a several months but I don't think it can be in just a few months as the activity of bitcoin and the movements of its price is just slowly getting higher .

Possible to touch $4000 if only the scaling issue can be resolved. Price of bitcoin now has risen to almost $2000 now without any resolution. So if we could only agreed what solution is the best and implement it $4000 or even more is very possible.

That is a very big if. The block size debate is contentious and has split the bitcoin community vertically down the middle.
Still, it was good to see $1800+ reached even in the midst of the debate. Now we have the inevitable profit booking and Bitcoin is sliding down again.

Several times during the time of debate on the blocksize issue the price has grown high as well reached low. As quoted the recent price surge over $1800 too took place in an unexpected time. As the thread heading states the probability to reach $4k is there, but when it happens is simply unknown.

We how have price correction and read that some are speculating here and mentioned that it may be in process right now blocksize increase that we dont know about. Maybe this is false statement here but if this is to happen then ok 4k here we come.

But what will be in next few days and is it true that ETF is again on section in Monday 15th May.

[wxa7115]

Bitcoin is "fully valued" and could see a pullback in the short term after hitting $1,600 for the first time on Monday, according to one investor, but the price could go as high as $4,000 over the next 14 months.

The cryptocurrency has been on an upward move since April and was trading around $1,575.52 by early afternoon trading in London after hitting an all-time high $1,601.05 during morning trade, according to the Coindesk bitcoin price index.

In the last 30 days, bitcoin has risen over 33 percent




http://www.cnbc.com/2017/05/08/bitcoin-price-hits-record-high-and-4000-is-ahead-investor-says.html

All of that is great, you know, I like to see big numbers like everyone, but we need to be more measured with our expectations, because if you believe that then you could be tempted to buy bitcoin at the current price since you think bitcoin can reach that high price and then if the price gets lower you will lose a lot of money.

[DonQuijote]

4k in 14 months? its only 4x, we had 10x so... could be possible 

[richardsNY]

All of that is great, you know, I like to see big numbers like everyone, but we need to be more measured with our expectations, because if you believe that then you could be tempted to buy bitcoin at the current price since you think bitcoin can reach that high price and then if the price gets lower you will lose a lot of money.

Most people have already bought in at lower levels. People that happen to enter the market at current levels are either new or too late. If you really believe that the price will go up, you likely have seen Bitcoin's potential far before the recent increase has happened. If you have come to that conclusion just now (after the recent increase), then you have been sleeping. I would like to point out that if you buy at current levels, and the price goes down after that, you don't lose anything -- you only lose when you sell.

[CyberKuro]

Bitcoin is "fully valued" and could see a pullback in the short term after hitting $1,600 for the first time on Monday, according to one investor, but the price could go as high as $4,000 over the next 14 months.

The cryptocurrency has been on an upward move since April and was trading around $1,575.52 by early afternoon trading in London after hitting an all-time high $1,601.05 during morning trade, according to the Coindesk bitcoin price index.

In the last 30 days, bitcoin has risen over 33 percent

http://www.cnbc.com/2017/05/08/bitcoin-price-hits-record-high-and-4000-is-ahead-investor-says.html

Evidently, bitcoin has reach more than I expected due to rally in this month, over $1800 and still at higher level right now.
I have read some reasons why bitcoin price suddenly rise such as the articles mentioned, but litecoin SegWit is a good thought which affected bitcoin, Japan exchanges, South Korean​, Russia and Australia regulations regarding cryptocurrency really influence people to invest on bitcoin.

[jonnybravo0411]

I was just thinking about that this year will end up to $1,500 but it was still too early. And after the first quarter of this year we saw the price went up to $1,600 and now at $1,700+ I would not say that $4,000 this year is impossible because the market is becoming bigger but it will take time before crossing that mark.

Until the end of the year, the market may still explode and the price of 4k dollars may not be the limit, if we look at the growth rate.

As I understand Bitcoin price is increasing because its become harder to obtain, but at the end of the day it is just a means of transferring payments electronicaly. So why don't people simply switch to any of the other Altcoins instead of keep pumping the value of Bitcoin?

Because bitcoin has become an investment instrument for some people or groups. Bitcoin has a bright prospect as a digital currency, altcoin is in comparison because bitcoin is a measuring instrument.

What price fluctuations in the Bitcoin market can be watched without fading of the heart. I experienced every day how this year will pass with Bitcoin prices. Today, I really look at the forecasts that were voiced earlier that Bitcoin can fly up to 2000 dollars for one Bitcoin and I think that it will be even more.

[ultrloa]

I was just thinking about that this year will end up to $1,500 but it was still too early. And after the first quarter of this year we saw the price went up to $1,600 and now at $1,700+ I would not say that $4,000 this year is impossible because the market is becoming bigger but it will take time before crossing that mark.

Until the end of the year, the market may still explode and the price of 4k dollars may not be the limit, if we look at the growth rate.

As I understand Bitcoin price is increasing because its become harder to obtain, but at the end of the day it is just a means of transferring payments electronicaly. So why don't people simply switch to any of the other Altcoins instead of keep pumping the value of Bitcoin?

Because bitcoin has become an investment instrument for some people or groups. Bitcoin has a bright prospect as a digital currency, altcoin is in comparison because bitcoin is a measuring instrument.

What price fluctuations in the Bitcoin market can be watched without fading of the heart. I experienced every day how this year will pass with Bitcoin prices. Today, I really look at the forecasts that were voiced earlier that Bitcoin can fly up to 2000 dollars for one Bitcoin and I think that it will be even more.

But the downfall can create some awareness to those shaky peopls and they might sold their hodl coins if they see some bad flactuations unto it. And im wondering on how things would go for bitcoins and now im questioning people about it does speculation still occur unto this? or maybe this time is the fallen time of bitcoin and cameback again to its stable prices.

[azguard]

I was just thinking about that this year will end up to $1,500 but it was still too early. And after the first quarter of this year we saw the price went up to $1,600 and now at $1,700+ I would not say that $4,000 this year is impossible because the market is becoming bigger but it will take time before crossing that mark.

Until the end of the year, the market may still explode and the price of 4k dollars may not be the limit, if we look at the growth rate.

As I understand Bitcoin price is increasing because its become harder to obtain, but at the end of the day it is just a means of transferring payments electronicaly. So why don't people simply switch to any of the other Altcoins instead of keep pumping the value of Bitcoin?

Because bitcoin has become an investment instrument for some people or groups. Bitcoin has a bright prospect as a digital currency, altcoin is in comparison because bitcoin is a measuring instrument.

What price fluctuations in the Bitcoin market can be watched without fading of the heart. I experienced every day how this year will pass with Bitcoin prices. Today, I really look at the forecasts that were voiced earlier that Bitcoin can fly up to 2000 dollars for one Bitcoin and I think that it will be even more.

But the downfall can create some awareness to those shaky peopls and they might sold their hodl coins if they see some bad flactuations unto it. And im wondering on how things would go for bitcoins and now im questioning people about it does speculation still occur unto this? or maybe this time is the fallen time of bitcoin and cameback again to its stable prices.

If we look at last few day then we could say that price is coming to that state to be stable, this may be good time to look at possible signs for price drops that not necessary need to be in motion. Dont think we will see price going below 1500 per one BTC, think that it will be hard resistance at that point and if price again started to up like it was few weeks ago with increase of 3,5-5% per day we could expect this 4K this year.

[wxa7115]

All of that is great, you know, I like to see big numbers like everyone, but we need to be more measured with our expectations, because if you believe that then you could be tempted to buy bitcoin at the current price since you think bitcoin can reach that high price and then if the price gets lower you will lose a lot of money.

Most people have already bought in at lower levels. People that happen to enter the market at current levels are either new or too late. If you really believe that the price will go up, you likely have seen Bitcoin's potential far before the recent increase has happened. If you have come to that conclusion just now (after the recent increase), then you have been sleeping. I would like to point out that if you buy at current levels, and the price goes down after that, you don't lose anything -- you only lose when you sell.

You are correct, but there are more ways to lose than in monetary terms, if the price crashes how much time it will take for bitcoin to recover? How much time it took bitcoin to reach and all time high? So even if you don’t sell you are going to lose time, time that you could have used to make money some other way.