Can Bitcoin Still Go Up?

[mondobitcoin]

Now that it's been proven there are many other alternatives to Bitcoin which have advantages such as quicker transactions, smaller fees, and higher mining profitability, I don't see a reason to think Bitcoin will get to $10,000.

Will the price of Bitcoin still go up? It seems so outdated when compared to its competitors.

Maybe the reason its because bitcoin was the first cripto coin, and all people know it, and it has popularity
But i think, in the future, the other altcoin can go up too

[Gastotade]

Now that it's been proven there are many other alternatives to Bitcoin which have advantages such as quicker transactions, smaller fees, and higher mining profitability, I don't see a reason to think Bitcoin will get to $10,000.

Will the price of Bitcoin still go up? It seems so outdated when compared to its competitors.

Maybe the reason its because bitcoin was the first cripto coin, and all people know it, and it has popularity
But i think, in the future, the other altcoin can go up too

It can still since not all countries implemented it yet,when almost all countries implemented it ans many users will adopt it. It will increase again as it is now.

[trecore4]

But you still need bitcoin to trade those other coins and they can not survive unless and until bitcoin is running heathy. To be honest bitcoin can not be dumped for the reasons you have mentioned here. When something is already on the optimum level it gets harder to loose that asset and people then keep trading that asset more as compared to other. So there will be start of “chain of investment” meaning it will keep getting more and more investment and the value will keep rising ultimately.


I don’t think just having advantage of quicker transaction and cheapness will get people attention to other coins. Bitcoin is still traded highest market capitalism and it will be non stoppable trade. Lets hope it stays that way only. 

[eaLiTy]

Now that it's been proven there are many other alternatives to Bitcoin which have advantages such as quicker transactions, smaller fees, and higher mining profitability, I don't see a reason to think Bitcoin will get to $10,000.

Will the price of Bitcoin still go up? It seems so outdated when compared to its competitors.

I really do not see any alt coin that is better than bitcoin to do a deal,yes there are coins which have quicker transactions and smaller fees ,take for example doge coin,they are much faster and have a very small fees,but do you consider that as a positive thing with the number of coins available,apart from bitcoin the rest of the coins are trying to make it better and they will have some flaws when a huge surge of users start using it,we do not know about it now,as other user pointed out,take a look at ETH and what happened when they were not able to transact normally with the surge in users.

[wellsontheja]

All cryptocurreny can still go up
Especially for bitcoin you don't need to wory about that

[oktana]

You should see bitcoin from long term side which means bitcoin will always increase every year, if you are glued on short term then you will be very confused because that's the fluctuation that exists, fluctuation in trading is needed because if bitcoin move stagnant and never down will be disaster in the future.

[carriebee]

All cryptocurreny can still go up
Especially for bitcoin you don't need to wory about that

Yes, bitcoin can still go up as of these days value is going strong and have been continue to rise. Even other altcoin may rise but bitcoin will keep stands and many will still attracted to bitcoin.

[magicmeyk]

all of those advantages come at a cost. sometimes that cost is very high too. and having the ability doesn't mean you can use it. and this has been proven multiple times with multiple different altcoins throughout time. they say they can handle X number of transctions fast and smooth but when they reach 40% of that X they fail miserably!

you can search and see what happened to ethereum recently when it was unable to handle a simple surge of transactions and when all exchanges were forced to suspend all deposits and withdrawals for over a week.

so yeah, it doesn't matter when alts say they have "quicker transactions, smaller fees,..." what matters is that can they really do it.

I think it can. It will take years to reach $10k depends on the supply and demand. And even if it won't reach to that price I'm hoping that the market be healthy enough to sustain its supply.

[Adbitco]

all of those advantages come at a cost. sometimes that cost is very high too. and having the ability doesn't mean you can use it. and this has been proven multiple times with multiple different altcoins throughout time. they say they can handle X number of transctions fast and smooth but when they reach 40% of that X they fail miserably!

you can search and see what happened to ethereum recently when it was unable to handle a simple surge of transactions and when all exchanges were forced to suspend all deposits and withdrawals for over a week.

so yeah, it doesn't matter when alts say they have "quicker transactions, smaller fees,..." what matters is that can they really do it.

Yes I agree all the things op wrote in praise of altcoins which he thinks can outdo bitcoin and take it's position soon though sound good but the reality has something different to say and that is once all of these altcoins reach the level of acceptance which only bitcoin enjoys at the moment, altcoins will fail to deliver too and it has happened already in the past. Bitcoin is still in more advantageous position than altcoins as bitcoin is still every crypto investors first choice and has a huge support and therefore there's nothing which can stop bitcoin.

[bustomi]

Its depends on us how to develop btc market, but many famous people predicting this coin still could reach higher price year to year, just be patient on it

[bustoking]

everyone including me in this forum is hoping it will continue to reach new heights.

[heppot]

Bitcoin will probably still go up. Due to limited supply and fewer numbers because many users who lost access because of forgotten passwords, died, files deleted by accident. While out there are many top business people who buy this bitcoin in very large quantities.

[ipanks]

Now that it's been proven there are many other alternatives to Bitcoin which have advantages such as quicker transactions, smaller fees, and higher mining profitability, I don't see a reason to think Bitcoin will get to $10,000.

Will the price of Bitcoin still go up? It seems so outdated when compared to its competitors.

Maybe the reason its because bitcoin was the first cripto coin, and all people know it, and it has popularity
But i think, in the future, the other altcoin can go up too

people in out there know bitcoin more than other coins so they will thinking that ethereum is bitcoin, dogecoin is also bitcoin. but they are wrong and i think they should know first about this. but i am optimist that bitcoin can be still go up in the future and people will know that beside bitcoin, there is another coins which can be traded or just for keep and waiting the right time to sell.

[frowsiter]

Bitcoin is real of its kind and no other alt coin can compete its market that easily. Bitcoin is having bigger customer base as compared to other coins. People have set up different analogy for using alt coin, most of us think that alt coin is just a way to make more money and hence these coins are just used to pump and dump their values for earning money. There is nothing much that can be seen in them. On the other hands bitcoin is used as real life application as well as to develop the projects based on ICO funds. This leads to Rea investment into bitcoin rather than pump and dumps. So I guess bitcoin will go up and it is for sure as bitcoin is improving day by day and investors are getting engaged on large scale.

[Magic Sarap]

Now that it's been proven there are many other alternatives to Bitcoin which have advantages such as quicker transactions, smaller fees, and higher mining profitability, I don't see a reason to think Bitcoin will get to $10,000.

Will the price of Bitcoin still go up? It seems so outdated when compared to its competitors.

Bitcoin remained the no.1 cryptocurrency dor a long period of time. One of the reasons is that it has a bigger community compared to other cryptocurrency that maes it demand higher than other cryptos. And since the price of Bitcoin increased after the fork last august that made Bitcoin to go skyrocket and also, it is issued thatthere will be another fork for the month of november. Imagine how will it affect the Bitcoin's value. So in short, it will still rise as time passes by.

[mdripon]

Now that it's been proven there are many other alternatives to Bitcoin which have advantages such as quicker transactions, smaller fees, and higher mining profitability, I don't see a reason to think Bitcoin will get to $10,000.

Will the price of Bitcoin still go up? It seems so outdated when compared to its competitors.

 it doesn't matter the price of Bitcoin still go up.You can invest bitcoin tension free.

[romani245]

Now that it's been proven there are many other alternatives to Bitcoin which have advantages such as quicker transactions, smaller fees, and higher mining profitability, I don't see a reason to think Bitcoin will get to $10,000.

Will the price of Bitcoin still go up? It seems so outdated when compared to its competitors.

You realize you're saying this as Bitcoin is just coming off fresh all-time highs, right? Here's the thing. Even if we entertain this talk about superior altcoins, price can diverge from fundamentals. And they can stay diverged. What we have right now is hype, and quite a lot of it. So even if there are superior alternatives to BTC, the rocket will continue, for now.

[andrew24p]

Bitcoin is the best store of value period if we are talking about the coins today. Not to mention it has the best and brightest developers in the space, the people who have been involved in digital cryptography since the 80s-90s. Also you are looking at the price of a coin as "too much" but what you need to look at is market cap. Bitcoin, a censorshipless store of value that can be sent to anyone in the world for a comparatively small fee and it only is valued at the price of a medium sized company like paypal. Even if we went up 5x we would still be under the price of apple, a centralized company. There is so much money out there looking for a good store of value and even now we have only seen a fraction move into the space.

[ss890]

All cryptocurreny can still go up

Especially for bitcoin you don't need to wory about that

Nothing like that. Bitcoin though having enormous potential it can still come down at a times if any other alt coin starts making its head up! For example, BCH is coming up now and its at 0.20 BTC per BCH now. What if this takes over the bitcoin ? Then there might be scenario where bitcoin is dropping badly as people will start putting there money into BCH. This is the way this system works, wherever people see the big profits then they will start investing the money there.

[valentin68]

My guess is that because of the other competing crypto-currencies bitcoin price will increase up to 5000-6000 USD. Although one never knows, it is possible to have a 10000 USD bitcoin in 2-3 months. Each time bitcoin has increased in value, it was 9-10x. It is possible that this will also happen now.
The market indicators show some decrease of the bitcoin value in the next days, and many economists say that its value will not increase up to 10000 this time, we have to wait another 1-2 weeks to decide if this (10000 USD/ 1 Bitcoin) will happen.