Bitcoin top 5000$

[AbsoluteT]

I also agree that 5000 is a good candidate for this bubbles top traders need to be careful in this crazy run up and not get burned.

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[denny27]

From price movements that lead to more heights than before, it seems likely that bitcoin prices will actually reach $5000 and even exceed it. On my knowledge, besides that many economists are also which their predictions it's always true, has predicted bitcoin prices that will continues to increasing over time despite accompanied by a slight decrease on price movement.

[wareen]

Why everyone thinks that we are in a bubble? No, we aren't in a bubble right now it's just a normal economy and we had seen it progress with bitcoin. And that's why McAfee is visioning that we are going to see the price haven of bitcoin with his expectation. Goldman is trying to hide something for predicting that there is something that is about to happen whenever we reach $4,800.

The bubble growth of Bitcoin do not breakdown soon because it just beginning in this year, why the whales want breakdown a hot trend like Bitcoin have monentum buying strongly everyday end soon?
So, the future Bitcoin reach to target of McAfee is possible, even higher than that target

[loopes]

Hello!
I tend to just read the forum and not to join in but there was a question I really wanted to answer so... Here I am!
What do you think about the Goldman Sachs prediction of a 4800$ top where all will collapse? Sounds like a biblical prophecy but well, they have been quite accurate about bitcoin so far.
We are getting close to the target so... What do you think will happen?

I was thinking that regardless of the prediction, maybe the 5000$ will work as a hardcore mental barrier... And pop the bubble.

So, what are your thoughts?


PS: Unfortunately I cannot paste the link as it says it is suspicious... but you can find it on CNBC

to be honest i don't  know who goldman sachs is but i don't think that bitcoin will getting collapse after touch price of 4800 dollar it will not be end of all moreover few hours ago bitcoin reaching more than 4600 dollar and it means only some point to touch 4800.  bitcoin touch that level with no instant ways but needs long process it will  always increasing the price and dont stop at 4800 dollar to starting to collapse.

[Kemarit]

Hello!
I tend to just read the forum and not to join in but there was a question I really wanted to answer so... Here I am!

First off welcome to the forum.

What do you think about the Goldman Sachs prediction of a 4800$ top where all will collapse? Sounds like a biblical prophecy but well, they have been quite accurate about bitcoin so far.
We are getting close to the target so... What do you think will happen?

You have to understand the Goldman Sachs is a investment banking management firm that provides a wide range of financial services to its client. With that said, they are banking institution which we all hate that's why we all switch to bitcoin. So its no wonder that they will initially says good things about bitcoin then suddenly made a U-turn about it. Where are they when bitcoin was below $1000? No one cares about bitcoin then, but know they are really seeing bitcoin as a threat that's why they claiming that it will collapse.

I was thinking that regardless of the prediction, maybe the 5000$ will work as a hardcore mental barrier... And pop the bubble.

So, what are your thoughts?


PS: Unfortunately I cannot paste the link as it says it is suspicious... but you can find it on CNBC

If you have been here a few months ago, you will notice that we have a hard time getting the mental barrier of $3000. We touch is one, but then traders sell, but it didn't went all the way down but bitcoin recovered and very quickly. I speculate that it could happen when we breach $5000, some minor dip here and there but it will rebound and going strong as ever. And I don't think that this is a bubble. There are few gold investors that enter the market now that's why the price reach $4600. And I don't think that bitcoin will experience the 2013 bubble again. We have the full backing of a country now, so its unlikely, IMHO.

[DragonSlayer]

Hello!
I tend to just read the forum and not to join in but there was a question I really wanted to answer so... Here I am!
What do you think about the Goldman Sachs prediction of a 4800$ top where all will collapse? Sounds like a biblical prophecy but well, they have been quite accurate about bitcoin so far.
We are getting close to the target so... What do you think will happen?

I was thinking that regardless of the prediction, maybe the 5000$ will work as a hardcore mental barrier... And pop the bubble.

So, what are your thoughts?


PS: Unfortunately I cannot paste the link as it says it is suspicious... but you can find it on CNBC

to be honest i don't  know who goldman sachs is but i don't think that bitcoin will getting collapse after touch price of 4800 dollar it will not be end of all moreover few hours ago bitcoin reaching more than 4600 dollar and it means only some point to touch 4800.  bitcoin touch that level with no instant ways but needs long process it will  always increasing the price and dont stop at 4800 dollar to starting to collapse.

If there's a dump would be happen on bitcoins I think its normal since there are so many events of downfall occuring when price of bitcoins touched to its highest level but bitcoins also prove that the price will surge back after the dump delimna that's why 5000$ is pretty reachable for this time by the bitcoins itself.

[alien-fx2]

From price movements that lead to more heights than before, it seems likely that bitcoin prices will actually reach $5000 and even exceed it. On my knowledge, besides that many economists are also which their predictions it's always true, has predicted bitcoin prices that will continues to increasing over time despite accompanied by a slight decrease on price movement.

Yeah, I would not be surprised. We just crossed the $4600 range, and the presence of Bitcoin in the news and increasing trading volume demonstrates a growing interest in Bitcoin.
I think the momentum is very good to make it happen, probably not now, but before the end of the year.

[omonuyak]

I disagreed with this prediction even common sense should tell us that bitcoin is not in the bubble yet and there is no sign what so ever that bitcoin will collapse in few days to come as we can see that $5000 is already in sight and maybe by this time next week! Are we saying bitcoin is coming to an end by this weekend? I will reither remain with McAfee than most of this prophet of doom.

[michellee]

From price movements that lead to more heights than before, it seems likely that bitcoin prices will actually reach $5000 and even exceed it. On my knowledge, besides that many economists are also which their predictions it's always true, has predicted bitcoin prices that will continues to increasing over time despite accompanied by a slight decrease on price movement.

Yeah, I would not be surprised. We just crossed the $4600 range, and the presence of Bitcoin in the news and increasing trading volume demonstrates a growing interest in Bitcoin.
I think the momentum is very good to make it happen, probably not now, but before the end of the year.

we can hope that the price will increase and reach $5000 in next month because now the price is around $46xx and many people is trying to sell their bitcoin to make profit. if I see in bittrex btc chart, there is good moving from this month which we are see the price increase significant and if it is down, its not until the half of the line.

[magneto]

Hello!
I tend to just read the forum and not to join in but there was a question I really wanted to answer so... Here I am!
What do you think about the Goldman Sachs prediction of a 4800$ top where all will collapse? Sounds like a biblical prophecy but well, they have been quite accurate about bitcoin so far.
We are getting close to the target so... What do you think will happen?

I was thinking that regardless of the prediction, maybe the 5000$ will work as a hardcore mental barrier... And pop the bubble.

So, what are your thoughts?


PS: Unfortunately I cannot paste the link as it says it is suspicious... but you can find it on CNBC

Goldman Sachs have been surprisingly accurate about bitcoin, i have my doubts about them but they seem to be right.

$5k is going to be a hard mental barrier for a lot of traders to break. Even though there is literally no difference if you think rationally between $4900 and $5000, you'll find that bitcoin will break $4900 much easier than it will $5000.

I would expect it to either not break $5k at all or break it slightly, before an adjustment that brings the bubble down. Trading is all about emotions, and in an bubble economy emotions can fuel the rise and fall of a bubble.

[zabisux]

I expect bitcoin to pass mental $5000 barrier, goldman sachs might be accurate about their suggestions but I don't bitcoin is in bubble at all. People are coming for many long years to hold.

[albertvert]

I disagreed with this prediction even common sense should tell us that bitcoin is not in the bubble yet and there is no sign what so ever that bitcoin will collapse in few days to come as we can see that $5000 is already in sight and maybe by this time next week! Are we saying bitcoin is coming to an end by this weekend? I will reither remain with McAfee than most of this prophet of doom.

Not at all buddy. The cost of bitcoin is very very high now. It's around the price of 4600$ today. Now it's crossed another barrier which is 4500$.Now they speak about 5000$.It will also happen. If you want to get a huge profit in any business. Just inverse in bitcoin. Bitcoin is the one.

[danherbias07]

I dont see any news about Goldman Sachs telling bitcoin would go that way from this month except (below) which is from July 3, 2017.
Could you at least quote the news please if you cant post the link.
We better spread a good news which can be backed up. Not just words which could just lead to some dudes who will just believe what we say even if it is not true.

This is from CNBC. Searched it and this is all I found.

Goldman Sachs is out with a call on bitcoin, and chart analyst Sheba Jafari expects the digital currency could rise as high as $3,915.

That would be 52 percent above Monday's price of about $2,567.

"The market is in wave [four] of a sequence that started in the late-'10/early-'11 lows," Jafari wrote in a Sunday report on charts for the week ahead. We are "eventually expecting one more leg higher; a 5th wave."

"From current levels, this has a minimum target that goes out to 3,212 (if equal to the length of wave I)," Jafari said. "There's potential to extend as far as 3,915 (if 1.618 times the length of wave I). It just might take time to get there."

[Yuuto]

Hello!
I tend to just read the forum and not to join in but there was a question I really wanted to answer so... Here I am!
What do you think about the Goldman Sachs prediction of a 4800$ top where all will collapse? Sounds like a biblical prophecy but well, they have been quite accurate about bitcoin so far.
We are getting close to the target so... What do you think will happen?

I was thinking that regardless of the prediction, maybe the 5000$ will work as a hardcore mental barrier... And pop the bubble.

So, what are your thoughts?


PS: Unfortunately I cannot paste the link as it says it is suspicious... but you can find it on CNBC

I doubt that $5k will be a real mental barrier, it will be broken but i think after it's been broken people will start to realize how ridiculous the bubble has become, and a lot of people will actually panic due to the price rising so much and potentially dumping some coins.

The fact is that it is extremely difficult to predict anything when the markets are moving so fast. I think that it is likely in the next month we see a price level of around $5000-5100 before an adjustment down to the early $4000s again.

This can't go on forever, just to let you know. Nothing is able to sustainably grow by even 0.5% per day, let alone having 10% rises per day as common.

[Qiuyue201]

I disagreed with this prediction even common sense should tell us that bitcoin is not in the bubble yet and there is no sign what so ever that bitcoin will collapse in few days to come as we can see that $5000 is already in sight and maybe by this time next week! Are we saying bitcoin is coming to an end by this weekend? I will reither remain with McAfee than most of this prophet of doom.

Not at all buddy. The cost of bitcoin is very very high now. It's around the price of 4600$ today. Now it's crossed another barrier which is 4500$.Now they speak about 5000$.It will also happen. If you want to get a huge profit in any business. Just inverse in bitcoin. Bitcoin is the one.

It's very high caused by a lot of interest to buy bitcoin, and if halving will come in the future that gives a possibility for bitcoin touch $10000 in the future. Bitcoin is really good as gold in our real life. because the chart looks stagnant to increase anytime.

[xypos]

Hello!
I tend to just read the forum and not to join in but there was a question I really wanted to answer so... Here I am!
What do you think about the Goldman Sachs prediction of a 4800$ top where all will collapse? Sounds like a biblical prophecy but well, they have been quite accurate about bitcoin so far.
We are getting close to the target so... What do you think will happen?

I was thinking that regardless of the prediction, maybe the 5000$ will work as a hardcore mental barrier... And pop the bubble.

So, what are your thoughts?


PS: Unfortunately I cannot paste the link as it says it is suspicious... but you can find it on CNBC

Well, i think that your prediction is fairly accurate. This pump cannot last forever and it has to end one way or another. This current pump is already much smaller than all the previous ones(only $300 rise in value compared to $1000~), and is met with major resistance as it neared $5k.

Therefore it's not illogical to assume that traders are going to see $5k as a major resistance themselves and potentially dump the coins as soon as it reached it. It could go a bit over but it should be in the general vicinity of $5k.

I simply don't think that bitcoin is going to climb much further this year...

[jerowacik]

Why everyone thinks that we are in a bubble? No, we aren't in a bubble right now it's just a normal economy and we had seen it progress with bitcoin. And that's why McAfee is visioning that we are going to see the price haven of bitcoin with his expectation. Goldman is trying to hide something for predicting that there is something that is about to happen whenever we reach $4,800.

the current price will not stop to increase. because bitcoin is a currency and a convincing investment value. many people think bitcoin is the future of the financial system in the world. so it's not a strange thing when bitcoin gets pumped. investors are very happy to take advantage of the bitcoin price movement. bitcoin prices will peak later and maybe we see it as a dream now.

[joshy23]

Why everyone thinks that we are in a bubble? No, we aren't in a bubble right now it's just a normal economy and we had seen it progress with bitcoin. And that's why McAfee is visioning that we are going to see the price haven of bitcoin with his expectation. Goldman is trying to hide something for predicting that there is something that is about to happen whenever we reach $4,800.

the current price will not stop to increase. because bitcoin is a currency and a convincing investment value. many people think bitcoin is the future of the financial system in the world. so it's not a strange thing when bitcoin gets pumped. investors are very happy to take advantage of the bitcoin price movement. bitcoin prices will peak later and maybe we see it as a dream now.

I think at certain point the bull run will come to a halt. Maybe $5000 or $10000, but will definitely stop. And I don't think that we are in a bubble, maybe just investors flocking and stashing bitcoin because they really believed that it is a safe haven for investment which we all think are true.

I already read that article before, saying that it will be going to $4800 then crash about $2200 if I'm not mistaken. Well I don't think that there are really so called experts that can accurate see the movement, but definitely something that we need to observe and see if it comes true.

[sindikat]

I don't believe in the existence of experts who can give correct predictions of the behavior of bitcoin. I think they all are funding different groups and their predictions only to carry out their orders. I suggest everyone to live by your wits and to trust no one.

[teilwalL05]

I don't believe in the existence of experts who can give correct predictions of the behavior of bitcoin. I think they all are funding different groups and their predictions only to carry out their orders. I suggest everyone to live by your wits and to trust no one.

I think we should trust our own intuition towards the price of bitcoin, but I think all of the things that OP and you are seeing, hearing, and reading towards the price of bitcoin are all just speculation it is not prediction it is just a speculation about the movement of bitcoin, you two can make an speculation of your own towards on what do you think might happen to the movement of bitcoin.