The Crash is gone, and we will see 3,500 usd within 60 days from today

[TravelMug]

I know that the dumping is finished and we are all happy that it was short lived. Some have sold their coins already and maybe buying back it again because the price is now going further and rising which is good. But bitcoin price is really unpredictable and seeing it going to $3500 in the next 60 days is very possible. Next month, we all know that Australia will adopt bitcoin as well. It is the second country after Japan doing it. This is a very positive impact indeed that can shove the price to a new ATH again.

[deisik]

I know that the dumping is finished and we are all happy that it was short lived. Some have sold their coins already and maybe buying back it again because the price is now going further and rising which is good. But bitcoin price is really unpredictable and seeing it going to $3500 in the next 60 days is very possible. Next month, we all know that Australia will adopt bitcoin as well. It is the second country after Japan doing it. This is a very positive impact indeed that can shove the price to a new ATH again

According to some reports, Australia is a "Bitcoin desert"

Not that Japan is a Bitcoin oasis of sorts but we certainly shouldn't expect a lot of noise on account of Australia going to treat Bitcoin as a currency. How come? Because this event is likely already priced in. Moreover, the current rally was certainly not due to alleged exponential adoption of Bitcoin in Japan (there was just too little time for that to have any meaningful impact) but rather thanks to relentless hype that this event has caused. This is not to say that legalizing Bitcoin in Japan is non-event either, it will just take some time to actually reveal itself (as it happened with the last year's halving)

[cryptosort]

I agree about 3500, sure, it was known that crash will be soon, but now i think we are on our way to 3.5K
Not sure about 10K, let's see, but in nearest future we will hit 3.5K 100%

[cpfreeplz]

No shit about the price.

Also, Crash? So rising over 100% then dropping 25% is a crash now? You damn newbies don't have a clue do you? My god you're greedy. a 25% rise then a 90% dip, now that's a crash.

[pixie85]

No shit about the price.

Also, Crash? So rising over 100% then dropping 25% is a crash now? You damn newbies don't have a clue do you? My god you're greedy. a 25% rise then a 90% dip, now that's a crash.

Haha so true. This was only a small correction, a moment of fear that it might be growing too fast, a time when shorters take their profits and wait it out, but when it doesn't want to go down they go back in and buy again. This is exactly what we're facing now. No willingness to sell and a lot of confidence in higher prices.

[traderethereum]

I agree about 3500, sure, it was known that crash will be soon, but now i think we are on our way to 3.5K
Not sure about 10K, let's see, but in nearest future we will hit 3.5K 100%

first we need to break out the $2500 and then $3000 then we can reach new price. i think we need to be patience to waited for new price because i see in the market, both in poloniex and bittrex, the price is changing so fast and now the price is on $244x soon we can break $25xx in next days.

[DrTeddus]

I'm not sure why everyone in this thread seems to agree that there's no major correction on the way.
Even after the '13 dip, there was a prolonged uptrend before ultimately dipping. Have you all forgotten how fast the hype train can stop? The new money that got in becaus eof speculation's sake is the first to get out as soon as they lose money. I'll be like '29 run on banks where slow (even slower than usual) transactions increase tha pnic sentiment of the market.
Also, people don't need to lose faith in BTC as a whole, it is enough if they believe that they can make some BTC profits if they can buy cheaper.

[DrTeddus]

It is this kind of circlejerk mentality that creates some kind of confirmation bias.

Also, in reference to 'the big short', people underestimate the likelyhood of bad things to happen e.g. hardfork

[darkangel11]

I'm not sure why everyone in this thread seems to agree that there's no major correction on the way.
Even after the '13 dip, there was a prolonged uptrend before ultimately dipping. Have you all forgotten how fast the hype train can stop? The new money that got in becaus eof speculation's sake is the first to get out as soon as they lose money. I'll be like '29 run on banks where slow (even slower than usual) transactions increase tha pnic sentiment of the market.
Also, people don't need to lose faith in BTC as a whole, it is enough if they believe that they can make some BTC profits if they can buy cheaper.

And how much money do you think came in just for speculation? Speculation meaning to go short? They did and we saw how much it was.
The correction on May 26th and 27th showed you how many people were in for a short ride. They all sold when it started to go down and what remained were the holders, who bought because they believe we can go much over 2,5k.
Have you forgotten we've been in an uptrend for over a year now?

[deisik]

I'm not sure why everyone in this thread seems to agree that there's no major correction on the way.
Even after the '13 dip, there was a prolonged uptrend before ultimately dipping. Have you all forgotten how fast the hype train can stop? The new money that got in becaus eof speculation's sake is the first to get out as soon as they lose money. I'll be like '29 run on banks where slow (even slower than usual) transactions increase tha pnic sentiment of the market.
Also, people don't need to lose faith in BTC as a whole, it is enough if they believe that they can make some BTC profits if they can buy cheaper.

And how much money do you think came in just for speculation? Speculation meaning to go short? They did and we saw how much it was.
The correction on May 26th and 27th showed you how many people were in for a short ride. They all sold when it started to go down and what remained were the holders, who bought because they believe we can go much over 2,5k.
Have you forgotten we've been in an uptrend for over a year now?

It is not quite clear what you are getting at with that

Does it mean that we should be expecting a decline as long, or it simply means that the price will continue to rise further? As to me, this fact alone (that we have been in an uptrend for over a year by now) doesn't tell us much on its own. The price may continue to rise for a dozen years from now on due to Bitcoin adoption widening. Or this long term trend may in fact reverse, and we may start slowly spiraling down if Bitcoin adoption stagnates or even turns negative, for example, due to people moving their money from Bitcoin into alternative assets (say, altcoins)

[Idrisu]

I know that the dumping is finished and we are all happy that it was short lived. Some have sold their coins already and maybe buying back it again because the price is now going further and rising which is good. But bitcoin price is really unpredictable and seeing it going to $3500 in the next 60 days is very possible. Next month, we all know that Australia will adopt bitcoin as well. It is the second country after Japan doing it. This is a very positive impact indeed that can shove the price to a new ATH again

According to some reports, Australia is a "Bitcoin desert"

Not that Japan is a Bitcoin oasis of sorts but we certainly shouldn't expect a lot of noise on account of Australia going to treat Bitcoin as a currency. How come? Because this event is likely already priced in. Moreover, the current rally was certainly not due to alleged exponential adoption of Bitcoin in Japan (there was just too little time for that to have any meaningful impact) but rather thanks to relentless hype that this event has caused. This is not to say that legalizing Bitcoin in Japan is non-event either, it will just take some time to actually reveal itself (as it happened with the last year's halving)

The dump is actually has come to an end and currently bitcoin is at $2565 and at this price $3,500 is just a work away. This second upwards movement will definitely going to push the price above $3,000 and from there $4,000 before the end of the year. Japanese trader also influence this current gain and Australia adoption will definitely going to have great impact.

[hosseinimr93]

I agree with you
Decreasing in bitcoin price was just a correction. Demand for buying bitcoin will increase again. New peoples and also peoples who sold their bitcoins will buy again. As a result bitcoin price will rise. The 3500 dollar that you said is definitely reachable

[boyptc]

I will wait after 60 days since the day this thread was created but I agree with the points you had given. There will be more people that will enter new funds to the market which will make the price of bitcoin pump. And that's possible to happen if they are going to buy as many as they can which will be beneficial to all of us.

[HatakeKakashi]

I agree about 3500, sure, it was known that crash will be soon, but now i think we are on our way to 3.5K
Not sure about 10K, let's see, but in nearest future we will hit 3.5K 100%

3500 dollars is very possible to happen because many pepple until now still investing in bitcoin so the price increasing. This week the orice is stable they increase and decrease only. I hope 3500 dollars will reach in this month of june 2017 so we can earn a lot of money. 10,000 dollars each bitcoin is possible to happen but you need to wajt for sure few years before they reach it.

[MiF]

Ok the crash is gone it felt from 2,700 USD down to almost 2,000 and recover, the worst is gone, and I am predicting that the BTC will be at 3,500 USD within 60 days from today.

Why:

1.- More people interested
2.- More news and possible segwit
3.- On July 1st Australia will accept BTC as a currency.

So my advice is that if you can get as more BTC as you can, do it because this is just getting started.

Yeah I think there are tons of people who are getting interested so I think there would be a lot of potential investor soon,
Really hope to see it pump up and reach $3,500 per coin real soon.

[joebrook]

I will start keeping my bitcoins and hope that they it hits new heights very soon, if more and more countries accept bitcoins as a legal currency, the more the price is going to rise.

[izanagi narukami]

Russia also want to legalize bitcoin so it will bring positive value for bitcoin market.
I'm also try to gather more local investor to save bitcoin rather than fiat on their bank since bitcoin is really life changer for investment as I'm never regret to invest bitcoin until now

[ilovefeetsmell]

Ok the crash is gone it felt from 2,700 USD down to almost 2,000 and recover, the worst is gone, and I am predicting that the BTC will be at 3,500 USD within 60 days from today.

Why:

1.- More people interested
2.- More news and possible segwit
3.- On July 1st Australia will accept BTC as a currency.

So my advice is that if you can get as more BTC as you can, do it because this is just getting started.

Bitcoin is always on the news. It will 3,500 USD or more and if it will get its high peak. More people will get interested in bitcoin because it becomes popular and the price go up. Bitcoin started before if you know how to have it or to buy it. All people regret by not owning bitcoin before. If they own 10 bitcoin before maybe they are a millionaire today. Some people created a new coin that can beat a bitcoin but they didn't. They can't what they want to happen. The only bitcoin can stand alone on its own. I am starting spread the word of bitcoin, even in my social media do that. If I convince to have this one, bitcoin price will rise up. The bitcoin will become limited supply and become in demand all over the world.

[Kemarit]

I know that the dumping is finished and we are all happy that it was short lived. Some have sold their coins already and maybe buying back it again because the price is now going further and rising which is good. But bitcoin price is really unpredictable and seeing it going to $3500 in the next 60 days is very possible. Next month, we all know that Australia will adopt bitcoin as well. It is the second country after Japan doing it. This is a very positive impact indeed that can shove the price to a new ATH again

According to some reports, Australia is a "Bitcoin desert"

Not that Japan is a Bitcoin oasis of sorts but we certainly shouldn't expect a lot of noise on account of Australia going to treat Bitcoin as a currency. How come? Because this event is likely already priced in. Moreover, the current rally was certainly not due to alleged exponential adoption of Bitcoin in Japan (there was just too little time for that to have any meaningful impact) but rather thanks to relentless hype that this event has caused. This is not to say that legalizing Bitcoin in Japan is non-event either, it will just take some time to actually reveal itself (as it happened with the last year's halving)

The dump is actually has come to an end and currently bitcoin is at $2565 and at this price $3,500 is just a work away. This second upwards movement will definitely going to push the price above $3,000 and from there $4,000 before the end of the year. Japanese trader also influence this current gain and Australia adoption will definitely going to have great impact.

Actually it was short lived to say.

But we should not rest on our laurels yet. Japan is really pumping bitcoin market together with South Korea and China. But we should learn from the last dump that we should be careful what we wish for because next comes the dumping. So if in the future $3000 is breached, expect a correction and few dumps going forward. Just how the market works for bitcoin ecosystem.

Australia will be embracing bitcoin soon so it will impact the price of bitcoin but we can only speculate as to what price is can bring to us. Australia is different from Japan is terms of its attitude to bitcoin. We will have to wait and see then what action Australia can bring to us.

[AleSergio]

I think bitcoin will increase deffinetly, but the good news about this, that all altcoins will increase with it as well. A good sign for cryptocurrency world and community