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Author Topic: If Bitcoin were to ever reach $100k  (Read 1644 times)
intrader
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September 17, 2017, 09:40:52 AM
 #41

At my time I see there are $7000 swing within 2 hours
I am from future




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Jafri101
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September 17, 2017, 09:46:55 AM
 #42

Most of the people love trading bitcoins rather then holding for a log term. Infact holding bitcoins can definitely be profitable but you have to wait long for that and people want it quickly. They buy in low rates and sell as soon as he gets a little profit over it. Its not something unbeleivable to swing 1000k $ for bitcoins. Its highly volatile.
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September 21, 2017, 12:25:01 AM
 #43

Could you imagine the volatility on a day to day basis? I mean we've seen it swing at these levels almost up to $500 on a day to day basis at times. Could you imagine what it would be like at $100k? $5,000 to $10,000 price swings daily? That's insane!
That's possible. Even if bitcoin's price goes down sometimes, it recovers very well, going up higher than its original price, making it more valuable than before. If these pattern continues, 100k is achievable in the near future, if nothing worse happens.

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September 28, 2017, 05:30:37 AM
 #44

It could happen one day but the climb upward is going to make it so it's not really a drastic thing. Everything evens out in the end when Bitcoins for $60 a piece every one bought a bunch , at $4,000 a piece people are still buying the same monetary value but they're just buying a smaller number Bitcoin. One thing i believe is that bitcoin will go on to 10K pretty soon, dont know when it will reach 100K.
I have the same opinion regarding bitcoins touching 10k dollars. I personally believe that bitcoins are going to touch this target within next two years and those who are investing into bitcoins now are going to be millionaires then. But to touch dollar 100k bitcoins are going to need at least 1 decade.
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