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Author Topic: Phenomenal rise of Bitcoin price!  (Read 1072 times)
SoulBargain
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May 12, 2017, 11:40:29 AM
 #21

6000$ this year? Are you nuts? Guys let's be serious. I agree that the price is great at the time and we all secretly wish huge numbers but we have to stay with both legs on the Earth. And in our minds we all have to keep the possibility that the price can go down also and that the pump will not go indefinetely. Market has its rules.

I highly agree. They have gone into a wild imagination regarding the speculation of Bitcoin price this year that it doesn't make any sense at all. The price of Bitcoin as others are optimistic about it is $2000 and I might as well agree that it may reach at $3000 base on the recent news but still $2000 is more likely to happen.

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May 12, 2017, 11:43:42 AM
 #22

Many people have different experience on guessing the price of bitcoin, but everyone​ knows that after Japan makes bitcoin is a legalized currency in their country then the price of bitcoin increasing, no one knows where it will stops.

Yes, the Japanese government accepts bitcoin, which is why the bitcoin is rising rapidly, however, the bitcoin value is always moderately controlled, in other words, virtual currency. Never change the value of cash, it is always dominated by governments.


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bitcoinisbest
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May 12, 2017, 11:48:49 AM
 #23

Many people have different experience on guessing the price of bitcoin, but everyone​ knows that after Japan makes bitcoin is a legalized currency in their country then the price of bitcoin increasing, no one knows where it will stops.

Yes, the Japanese government accepts bitcoin, which is why the bitcoin is rising rapidly, however, the bitcoin value is always moderately controlled, in other words, virtual currency. Never change the value of cash, it is always dominated by governments.

Well yest after this decision bitcoin price is on boom and it has crossed 1800 +. lets us wait first now if this will cross 2000$ or some dip will take place before it rises further. On the other hand awaiting news from India if they decide to ban or make it legal let us check out.

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May 12, 2017, 11:55:02 AM
 #24

Many people have different experience on guessing the price of bitcoin, but everyone​ knows that after Japan makes bitcoin is a legalized currency in their country then the price of bitcoin increasing, no one knows where it will stops.

Yes, the Japanese government accepts bitcoin, which is why the bitcoin is rising rapidly, however, the bitcoin value is always moderately controlled, in other words, virtual currency. Never change the value of cash, it is always dominated by governments.

Well yest after this decision bitcoin price is on boom and it has crossed 1800 +. lets us wait first now if this will cross 2000$ or some dip will take place before it rises further. On the other hand awaiting news from India if they decide to ban or make it legal let us check out.


And not just Japan, Australia is also making some new regulations regarding bitcoin, they will not be double taxed like it was case until now. They lost a lot of money cause some companies left Australia, and now they are doing this and promising huge investments in technology sector. All that is good and this rise is phenomenal, but I'm not sure that we can hold this high price, this is the effect from the good news in some point people will start to sell coins and we will see price going down.

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May 12, 2017, 12:50:49 PM
 #25

As we are already witnessing price rise. I think it will reach 6000$ milestone this year end. Do you agree? What do you think? What are the reasons behind this price rise?
Its much high and i think bitcoin price will reach $3000 by this year end.Japan accepting bitcoin as payment legally and increase in demand for bitcoins in japan following it,improvements in Australia related to bitcoin are some important reasons for price increase.
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May 12, 2017, 12:57:33 PM
 #26

What is the basis of your price target for Bitcoin? Because 6000$ is a big target for Bitcoin to be even having with just your assumptions. Just by looking at the chart you just need to see that Bitcoin is on a long term uptrend and the bad thing about a long term uptrend is the higher chance of having a big price correction, and what I mean about that is it can fall deeply to what is it now. Its five months out before the year end and I think 6000$ is to big for a price target.

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May 12, 2017, 01:42:48 PM
 #27

As we are already witnessing price rise. I think it will reach 6000$ milestone this year end. Do you agree? What do you think? What are the reasons behind this price rise?

The moon is looking so big from my Windows a just need to get to a height and I can catch it, I hope you get the sarcasm. 6000$ on what grounds that's almost 3x rise you are predicting for the Bitcoins. Do you even know Bitcoins? I feel you should do more research short term 2000$ is evident year end 3000$+ could be a reality if all news are positive and no bad news come. If someone is misleading you, be careful not to fall for such traps. It's a good time to buy and make your bank account richer in near future but not the amount you think.

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May 12, 2017, 02:02:20 PM
 #28

As we are already witnessing price rise. I think it will reach 6000$ milestone this year end. Do you agree? What do you think? What are the reasons behind this price rise?

The moon is looking so big from my Windows a just need to get to a height and I can catch it, I hope you get the sarcasm. 6000$ on what grounds that's almost 3x rise you are predicting for the Bitcoins. Do you even know Bitcoins? I feel you should do more research short term 2000$ is evident year end 3000$+ could be a reality if all news are positive and no bad news come. If someone is misleading you, be careful not to fall for such traps. It's a good time to buy and make your bank account richer in near future but not the amount you think.

3500 is the right price for bitcoin forecast by the end of next year, looking at current prices that have reached 1700 with a very high level of satisfaction, 2000 is the best most stable amount of the year if positive trend continues to grow massively. This can't be separated from segwit, litecoin, and japan some time ago.



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May 12, 2017, 02:06:49 PM
 #29

As we are already witnessing price rise. I think it will reach 6000$ milestone this year end. Do you agree? What do you think? What are the reasons behind this price rise?
I am pessimistic if the bitcoin price reaches 6000USD. It is that which is very difficult to achieve. If it does happen there will probably be a bitcoin transaction density and some of the world's finances will fall apart.

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