Another bullish prediction for this year

[Kprawn]

Well I know a bunch of developers who moved away from supporting Bitcoin in their Apps, because it has become too expensive and slow for micro

transactions. They wanted to use Bitcoin because it is the most widely supported network and the most secure currency, but it was simply impractical

to use it with the high miners fees and slow tx confirmations. They are saying that they are waiting to see what happens after the 1st of Aug and if it

is significantly faster and cheaper... they will rather switch back to supporting Bitcoin as a payment option. This might push up the demand for the

currency and increase the price. 

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[ActiveP]

Bitcoin will definitely top $4/5000 this year. By January 2018, there will be predictions of ten thousand and more.

[deepcolderwallet]

Msm will help.to get the word out. No one in my family, friends, have a clue about bitcoin. Once msm starts actively discussing the benefits, uses of bitcoin it will only help the uneducated learn of its potential and help new people to start buying

Agreed, but this kind of get-rich-fast news create expectations that may not be fulfilled and does not create hodlers -exactly what we need to MBTCGA.

[timerland]

http://www.cnbc.com/2017/07/05/bitcoin-could-nearly-double-and-reach-5000-soon-says-standpoint-research.html

These predictions might seem crazy right now but really they aren't that hard to achieve.

Bitcoin as we all know basically tripled in price in the short time period of less than 3 months, and if we can pick up another bull run then who knows where we can end up. But i would say that it is unlikely considering that the current bull run has slowed down quite noticeably and i don't know whether or not we're going to break the $3,000 barrier, and this doubt is shared by a lot of holders which will affect the price negatively.

The thing is, if it goes to $5,000 i wouldn't be surprised if the same news source ended up saying that bitcoin is a bubble... It's all about the number of viewers an article attracts... Sigh

[magneto]

http://www.cnbc.com/2017/07/05/bitcoin-could-nearly-double-and-reach-5000-soon-says-standpoint-research.html

$5000 by the end of the year is definitely possible.

Though it will require the fork to go well, if the community gets divided any further on this issue then not only will the price plummet, support for bitcoin will also drop quite drastically. Especially if there was to be a chain split, that would probably drive the price down quite a bit.

If bitcoin stays whole then $5000 is pretty much well within reach, beacuse right now people are worried about the fork and yet price is still doing reasonable well. Just imagine the bull market we're going to have if the fork goes well, but that's a big IF.

[cafucafucafu]

http://www.cnbc.com/2017/07/05/bitcoin-could-nearly-double-and-reach-5000-soon-says-standpoint-research.html

I don't think that it's going to happen this year. Potentially in the next 4 years we could see the price double again but this year i think the momentum has already shifted into bear market mode. Asking for another doubling in price in just 6 months would be just too much to ask, imo.

Though, if it does get to $5000 i don't think it's a bubble. The majority of bitcoin users are choosing to hold onto their bitcoins, and there are infinitely many investors wanting to get into bitcoin. It's just a lot more demand with the same supply.

I agree a lot with this quote from their article, except maybe replace 6-12 months to 3-4 years:

"In the next 6 to 12 months you're going to have a little bit of a hysteria," Moas said. However, "this has a long, long way to go before it gets to bubble territory."

[South Park]

http://www.cnbc.com/2017/07/05/bitcoin-could-nearly-double-and-reach-5000-soon-says-standpoint-research.html

Personally I agree with this, segwit activation is in my opinion the spark we need, for years there has been a debate about how to scale the network when we finally get one solution to the problem approved, a renewed faith in bitcoin will make investors to once again trust bitcoin over all the other cryptos.

[TravelMug]

http://www.cnbc.com/2017/07/05/bitcoin-could-nearly-double-and-reach-5000-soon-says-standpoint-research.html

Personally I agree with this, segwit activation is in my opinion the spark we need, for years there has been a debate about how to scale the network when we finally get one solution to the problem approved, a renewed faith in bitcoin will make investors to once again trust bitcoin over all the other cryptos.

For me, we need to wait and see what will the Segwit2x activation brings to the market. Some are very negative about it, but I still stay on the positive side of it. Yes, its bring fear and worries for most of us, but it the long run it will bring us a bitcoin to be mass adopted as its gonna solved the scaling issues that has been plaguing us for years. And a lot of investors will go to bitcoin again and we are going to see fresh cash flowing on the bitcoin ecosystem.

[cpfreeplz]

Stock research analyst Ronnie Moas said he bought bitcoin this weekend and thinks it could reach $5,000 within a year.

A wishful noob whose opinion -for some reason- raised MSM attention.
That's all.
I thought BTC could reach $2k when I first bought, but CNBC didn't pay attention.

Those bastards. I believed in you. Did you want an e-hug?

Who is this random and why should I care what his opinion is? He invested a few hundred in the first cryptocurrencies he saw on coinmarketcap? Woop dee doo. Great research tactic. We all bitcoin is going to do well. What is he basing this off of though?

[eaLiTy]

I am really happy to see all these predictions and i am expecting the price to go up and so does everyone but when would that be is the biggest question ,in the article the stock research analyst just purchased bitcoin recently and he is expecting the price to reach above $5000,so it is just speculation from his part and nothing more.

[deepcolderwallet]

Those bastards. I believed in you. Did you want an e-hug?

Who is this random and why should I care what his opinion is? He invested a few hundred in the first cryptocurrencies he saw on coinmarketcap? Woop dee doo. Great research tactic. We all bitcoin is going to do well. What is he basing this off of though?

[HasHe]

No, it wouldn't be so bullish this year as it was last year. Now Bitcoin is going through a crucial period and its future will decided in August. This year you can see bitcoin hopping between $2000-$2800.

[Zaun]

No, it wouldn't be so bullish this year as it was last year. Now Bitcoin is going through a crucial period and its future will decided in August. This year you can see bitcoin hopping between $2000-$2800.

It would not surprise me if he price tumbles between 2-3k for at least the end of the year.
Leaving bitcoin with a 160% increase in just 1 year which is amazing. When the scaling issues are solved or perhaps next year it may become bullish again.

[giantrobot]

http://www.cnbc.com/2017/07/05/bitcoin-could-nearly-double-and-reach-5000-soon-says-standpoint-research.html

I think the upcoming event for the new bitcoin is the decisive factor for the development of bitcoin. If it passes, there is nothing that can stop its development.

[celested]

http://www.cnbc.com/2017/07/05/bitcoin-could-nearly-double-and-reach-5000-soon-says-standpoint-research.html

I think the upcoming event for the new bitcoin is the decisive factor for the development of bitcoin. If it passes, there is nothing that can stop its development.

It is also the only difficulty here, and I am worried that bitcoin still has not found a common voice in the user community, and they always come up with conflicting opinions, which is risky.

[deepcolderwallet]

No, it wouldn't be so bullish this year as it was last year. Now Bitcoin is going through a crucial period and its future will decided in August. This year you can see bitcoin hopping between $2000-$2800.

Can you explain me how "it wouldn't be so bullish this year as it was last year"?
AFAIK and I remember last year (2016) BTC went from $424 in January to $981 by the end of December.
It's 231% in a whole year.

This year (2017) alone SO FAR TILL NOW BTC went from $981 to $2514 (right now on bitcoinaverage.com).
It's 256% growth in only 7 months.
Where are you taking your data from? In best scenario I'd say it's from your imagination, but I can imagine worst places.
Please don't come here writing wishful bullshit, bring us reality.

[anga3636]

http://www.cnbc.com/2017/07/05/bitcoin-could-nearly-double-and-reach-5000-soon-says-standpoint-research.html

$5000 by the end of the year is definitely possible.

Though it will require the fork to go well, if the community gets divided any further on this issue then not only will the price plummet, support for bitcoin will also drop quite drastically. Especially if there was to be a chain split, that would probably drive the price down quite a bit.

If bitcoin stays whole then $5000 is pretty much well within reach, beacuse right now people are worried about the fork and yet price is still doing reasonable well. Just imagine the bull market we're going to have if the fork goes well, but that's a big IF.

Ronnie Moas is notable Stock Researcher Analyst. He has made numerous different theories likewise in the past in view of his investigation and not every one of them but rather a large portion of them were correct. Numerous other individuals who are brokers, exchanging specialists, mineworkers and other individuals who are associated with bitcoin likewise have named same things by taking a gander at the insights from the past. 2017 has by for been the greatest year for bitcoin as bitcoin came to from 900 to 2500 USDs in only a half year, and on the off chance that it additionally going to twofold in future than we can expect 5,000 USDs before the finish of 2017.