The price of bitcoin and where it's headed

[stevrev]

when I first started paying attention to bitcoin, it was valued around $600. that wasn't that long ago, as I'm sure most of you are well aware. it has quadrupled in value since the first of the year. how much higher can it go? it seems to me, when something skyrockets in value very quickly, it can deflate just as quickly. does anyone actually predict bitcoins going above $10k? or will there be some sort of split?

just curious what you guys think..

[1714474745]

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[Anyobsss]

when I first started paying attention to bitcoin, it was valued around $600. that wasn't that long ago, as I'm sure most of you are well aware. it has quadrupled in value since the first of the year. how much higher can it go? it seems to me, when something skyrockets in value very quickly, it can deflate just as quickly. does anyone actually predict bitcoins going above $10k? or will there be some sort of split?

just curious what you guys think..

With the current state of bitcoin, I think that it will be possible for it to reach a value of 10k USD before this year end. But we're not certain that this will truly happen since it is future that we're talking about. However, there's one thing that we're sure of and it is bitcoin will reach the 5k USD value soon.

Regarding the split you're asking, I don't think that there would be another split that will happen but who knows.

[iyan33]

I think to reach 5k the possibility is very large at the end of this year, given the current price of bitcoin has reached $ 4300-4400 and very reasonable if it can reach 5k for the next few months.

[TheGodson]

It will go up as more and more people become interested at which point it will eventually stabilize (hopefully). There is also the chance it could collapse. This would make me sad. I hope it goes up. It will probably be a rocky ride along the way though. There will probably be another fork in November or so I've read. Before the fork I expect it to go down. A few days after the fork like 4 or 5 days I predict the price will skyrocket again. This would be great!

[Yasirmrd]

The demand of bitcoin is increasing very fast and the price will go up. As of majority of the world population is unaware of the bitcoin and now media is sharing information about bitcoin so new people are investing in bitcoin, therefore the price will definitely go up.

[Arkann]

The price of bitcoin will grow unchanged due to the fact that due to its limited amount of 21 million, it is transformed from a means of payment to a means of accumulating and preserving value, like digital gold. Therefore, it is predicted that by 2025 its price can be $ 100,000. And this is quite real. Well, by the end of the year, he certainly can exceed the mark of 5,000 dollars. But this is not his limit.

[carriebee]

The demand of bitcoin is increasing very fast and the price will go up. As of majority of the world population is unaware of the bitcoin and now media is sharing information about bitcoin so new people are investing in bitcoin, therefore the price will definitely go up.

I believe bitcoin value will go up and definitely people will attract more users. Because of the fluctuation that keep increasing  people wanted to use and invest in bitcoin. So the demand is increasing and surely price will go up.

[cramcram21]

when I first started paying attention to bitcoin, it was valued around $600. that wasn't that long ago, as I'm sure most of you are well aware. it has quadrupled in value since the first of the year. how much higher can it go? it seems to me, when something skyrockets in value very quickly, it can deflate just as quickly. does anyone actually predict bitcoins going above $10k? or will there be some sort of split?

just curious what you guys think..

I think when I started it was just around $300 to $400 ,
But the price right now is pretty high and I think it would continue to pump in the next couple of year .

[bitjoin]

when I first started paying attention to bitcoin, it was valued around $600. that wasn't that long ago, as I'm sure most of you are well aware. it has quadrupled in value since the first of the year. how much higher can it go? it seems to me, when something skyrockets in value very quickly, it can deflate just as quickly. does anyone actually predict bitcoins going above $10k? or will there be some sort of split?

just curious what you guys think..

$10k is a figure people have talked about for some time, i feel we are destined to go there this year, maybe in the next few weeks.  The numbers of people active in the crypto space has gone up, there is a buzz around the community.  The exchanges cant deal with the influx of customers. All points to another epic price bubble in the near term.

[Akash1243]

When I heard first about bitcoin it was around $700 and now it has raised like anything to $4400.I think in future it would be more as it is in limited amount that is 21 million.This year Bitcoin would surely touch or exceed $5000 mark.Also that bitcoin is gaining more and more popularity because of it's price surge.As more people invest in it the demand rise this the price will reach new level.

[erpbridge]

All the trading analysis groups are unsure right now if this is the all time high price or which way will it tilt. I have a feeling we will see an All time high of 5000 before going back to the lower 3000.

But at the same time, I also fear someone dumping a large amount.

[sanforized]

Reviewing the development of several years ago, it can be explained that bitcoin prices have continued to increase in recent years. It looks like bitcoin prices will continue to rise in the next few years.

[mondobitcoin]

when I first started paying attention to bitcoin, it was valued around $600. that wasn't that long ago, as I'm sure most of you are well aware. it has quadrupled in value since the first of the year. how much higher can it go? it seems to me, when something skyrockets in value very quickly, it can deflate just as quickly. does anyone actually predict bitcoins going above $10k? or will there be some sort of split?

just curious what you guys think..

Yes maybe it can going above 10$k or more
I think for see any stabilisation in the price, we need to wait when all 21,000,000 BTC are mined

[denny27]

I'm sure that bitcoin prices will continue heading go up for the next over time despite being offset by a slight drop, maybe bitcoin prices will try reaching up to $10k in the next. By price movements obviously i'm sure bitcoin leads to rising time by time.

[Denker]

All the trading analysis groups are unsure right now if this is the all time high price or which way will it tilt. I have a feeling we will see an All time high of 5000 before going back to the lower 3000.

But at the same time, I also fear someone dumping a large amount.

You fear a large dump? Let's say 50% or so? Man I would immediately take advantage of that and buy as much BTC as I can. And you can be sure such a low price won't be there for long. It's not that easy to suppress BTC that much nowadays. Furthermore a bear market of 1-2 years or so I can only see happen if we see an unbelievable upwards move to 15-20k in no time, where of course skilled and advanced traders would take the opportunity to short Bitcoin for a longer period of time.

[nizamcc]

There's no certainty in the price of Bitcoins which is the best advantage we have because we may gain more and more investors to invest in this for their profit purpose and everyone gets the advantage of price hikes in fewer times than expected. Just imagine that even at current prices, miners are now able to ROI in just 3 months (those would have already done in terms of USD values who bought it during the start of the year). It could head to 10k, 100k or even a million but it will never go down because it has become a habit for everyone to use it in their daily activities from gambling to spending it for buying something to trading.

[dothebeats]

While the thought is correct, bitcoin always tends to go opposite of the norm. It's been gradually increasing since November of last year but I haven't seen any major correction or decline that could spell a big crash for bitcoin. Investors and other people who doesn't know what they're doing are still placing their money in bitcoins without thinking due to the high appreciation rate bitcoins has for the last 8 months, and this alone keeps on pushing the price up no matter how many corrections are happening.

[fabiorem]

I think it can close this month at $4500 and close the next at $6000. I dont think it will reach 10k at the end of the year. There will be FUD in November so the price will be probably around $7000 at the end of year.

[KennyR]

I think it can close this month at $4500 and close the next at $6000. I dont think it will reach 10k at the end of the year. There will be FUD in November so the price will be probably around $7000 at the end of year.

Whether FUD get circulated around the network or not, the price keeps on increasing. This is based on the users better understanding about the bitcoin's price fluctuations. Maybe the price grows and cross $5000, but I'm not sure of reaching $7000 by the upcoming year start.

[alyssa85]

I think it can close this month at $4500 and close the next at $6000. I dont think it will reach 10k at the end of the year. There will be FUD in November so the price will be probably around $7000 at the end of year.

In the last couple of days bitcoin made a triple top, and it didn't manage to reach it's all time high. So it i going to pull back and take a breather and investors are going to play a wait and see game for the next few weeks while the watch what happens to the mempool and the back-and-forth game with BCH as regards the hashrate.

If bitcoin can clear the mempool, I reckon investors will pile in again. If it can't they might conclude it's broken.

The only way I can see the mempool clearing is if people hold off sending transactions for the time being (use litecoin or doge or ether or something to send from exchange to exchange).