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Author Topic: Can bitcoin reach $5000 again without China ?  (Read 1740 times)
HeRetiK
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September 17, 2017, 09:06:24 AM
 #21

[...]

But right now markets have turned bearish and i think will continue to be for a while.

[...]

I think it will largely depend on whether the USD 3k,- bottom holds. Should we break through, we're likely to face a prolonged bear market. Should USD 3k,- hold, I see BTC recovering rather swiftly.

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September 17, 2017, 09:07:36 AM
 #22

After the fall due to china ban , Bitcoin has dropped on short term basis .
Can it reach up to $5000 again without China ?

Bitcoin has rebounded up to close to $4000 already and although it has dropped again, there is absolutely no reason why it can't go up once again as long as people are feeling the urge to buy. Chinese exchanges were already not used very much, people in China have moved to p2p exchanges like LBC long ago because regulations were so strict anyways.

If everything goes well then we can expect $5k+ by the end of the year.

If not, price will go into bear market, but we'll still be able to break $5k in the coming years no worries.


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September 17, 2017, 09:27:04 AM
 #23

After the fall due to china ban , Bitcoin has dropped on short term basis .
Can it reach up to $5000 again without China ?

If you mean this month then i don't think that a 40% gain is likely at all. The top for this month should be around $4k and that is going to be the ceiling because people still are panicking irrationally about Chinese exchanges closing down.

Next month when traders especially Chinese traders realize that Localbitcoins will still allow them to trade, actually more conveniently, the price could potentially rebound back up to a level close to $5k.

But long term, we'll be going to $5k no matter what. Whether China is with us or not.

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September 17, 2017, 09:32:05 AM
 #24

Yes, I do believe bitcoin will be able to hit the price of $5000 USD even without the investors and traders from China, but it will just take a longer period of time to hit that value, it would be better to hold your bitcoin for now and wait for the price recovery.

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September 17, 2017, 10:40:27 AM
 #25

I am confident and believe bitcoin will be able to reach $5000 without investors from China because of the price will be increasing bitcoin up again so that the users of the bitcoin need not fear or worry about the bitcoin lately still declining probably due to the effects of the market development but this will be recovered again in the increased price of bitcoin later

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September 17, 2017, 10:43:44 AM
 #26

Yes I am sure, the most important thing is there are more users that used Bitcoin for transaction and if we can explained and convince other people that Bitcoin is a great currency and investment not illegal currency that they believed I think it will faster the process to reach 5000$

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September 17, 2017, 11:02:26 AM
 #27

After the fall due to china ban , Bitcoin has dropped on short term basis .
Can it reach up to $5000 again without China ?

Should do so with ease in my opinion.

It could pull back to around $2.5k-3k before rebounding but i think once the rebound happens the price will go up to $4k+ once again. It could even go without the pullback phase, and just go to $4k+ from the level we are at right now.

China is still going to be a big player. Localbitcoins is just going to be used instead of OKCoin/BTCChina. It's not going to be much different.


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September 17, 2017, 11:08:46 AM
 #28

After the fall due to china ban , Bitcoin has dropped on short term basis .
Can it reach up to $5000 again without China ?

some people are taking about bitcoin banned by china, it's a fake news. some are taking about its a business plan & bitcoin will be recognized by China in future soon.  bitcoin is now increasing around 3700-3900$ and i believe at the end of this year, bitcoin price surely hit 5000$ again...

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September 17, 2017, 11:10:42 AM
 #29

Yes I am sure, the most important thing is there are more users that used Bitcoin for transaction and if we can explained and convince other people that Bitcoin is a great currency and investment not illegal currency that they believed I think it will faster the process to reach 5000$
yes even without china we can do and go to the development of bitcoin which is much better. the market in China does have a very large base, but when we can convince more and more people to use bitcoin then more and more bitcoin demand in the world. this is the main factor that can make bitcoin better, the most perceived is the price of bitcoin can increase. so china is not the only bitcoin drive today, the world has to move and add more bitcoin to transactions in everyday life.

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September 17, 2017, 11:16:47 AM
 #30

First, you said "without China", but did you also mean "without Chinese?"  Wink
Because they have tons of money in BVI and the likes and they will keep investing in this sort of high risk/high return game. Also, Wall Street guys and retails are expected to get into the scene pretty soon (maybe just waiting for another consistent drop?)

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September 17, 2017, 11:23:56 AM
 #31

Yes it can, bitcoin can also bounce back to $5000 WITH China. China didn't ban bitcoin itself, how would they? It's the china-based exchanges that they shutdown. The decrease is not mainly because of what China did, it's because of the misunderstanding of the news that then created FUD. It happened before, chinese traders would just move to OTC trading and it's fine.

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September 17, 2017, 11:35:50 AM
 #32

It should be able to:
- the 4 months ban of BTC withdraw in china some time ago actually prepared the world about it, and it didn't kill BTC;
- but OTC trade will most probably be banned as well;
- I wouldn't under estimate the influence of Chinese bitcoin supporters' influence in Beijing, they may already started lobbying. everything is still possible.

As said by someone here, there is no one dull day in BTC world... Let's see.

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September 17, 2017, 01:58:16 PM
 #33

After the fall due to china ban , Bitcoin has dropped on short term basis .
Can it reach up to $5000 again without China ?

Of course!
Bitcoin is a global phenomenon and not bound to one nation!
Furthermore this is a great test! Bitcoin will show it's resiliency whatever one of the most powerful nations of this planet will do or say!
And it's people will also find ways to get some Bitcoin in the future. Bitcoin will be worth even more in the future after this fearful situations (fearful for some people with weak hands and who doesn't fully understand the power of Bitcoin). After each attack Bitcoin gets stronger and stronger. So what is happening now may be bad for the short term, but will be incredibly positive for the future!
Forks don't matter, social engineering and disrupting form the inside doesn't work, governments banning BTC doesn't work! BTC is a powerhouse!
Chinese exchanges will get either licensed or move to areas like Singapore, Taiwan, HongKong.
Bitcoin will continue growing in terms of it's value and of acceptance and user adoption as well. No reason to be worried. Just hodl and buy the dips!!

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September 17, 2017, 03:57:37 PM
 #34

[...]

But right now markets have turned bearish and i think will continue to be for a while.

[...]

I think it will largely depend on whether the USD 3k,- bottom holds. Should we break through, we're likely to face a prolonged bear market. Should USD 3k,- hold, I see BTC recovering rather swiftly.
But sometimes I doubt this FUD not as easy as it is now. Because you have to remember we are feeling familiar the situation the price of Bitcoin drop down by FUD. Of course, almost traders have experience will transfer their money to USDT earlier than that time or hold their Bitcoin if missed good price. I worry the whales will create big breakdown in long time like few years ago again.


     
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September 17, 2017, 05:42:00 PM
 #35

I think it will largely depend on whether the USD 3k,- bottom holds. Should we break through, we're likely to face a prolonged bear market. Should USD 3k,- hold, I see BTC recovering rather swiftly.
But sometimes I doubt this FUD not as easy as it is now. Because you have to remember we are feeling familiar the situation the price of Bitcoin drop down by FUD. Of course, almost traders have experience will transfer their money to USDT earlier than that time or hold their Bitcoin if missed good price. I worry the whales will create big breakdown in long time like few years ago again.

Should Chinese exchanges really cease to operate by the end of September / October it would actually be better for Bitcoin than all this speculation on what happens next. China is a big market, but Bitcoin can do well without it.

Either way, this year's market is not really comparable to 2013. The growth spurts of 2013 took place over much shorter timeframes, so naturally a strong correction had to occur. This time around growth was way saner, leading to elevated, yet stable price levels.

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September 17, 2017, 05:51:22 PM
 #36

[...]

But right now markets have turned bearish and i think will continue to be for a while.

[...]

I think it will largely depend on whether the USD 3k,- bottom holds. Should we break through, we're likely to face a prolonged bear market. Should USD 3k,- hold, I see BTC recovering rather swiftly.
But sometimes I doubt this FUD not as easy as it is now. Because you have to remember we are feeling familiar the situation the price of Bitcoin drop down by FUD. Of course, almost traders have experience will transfer their money to USDT earlier than that time or hold their Bitcoin if missed good price. I worry the whales will create big breakdown in long time like few years ago again.

If worry about whales means please ignore because they are not able to maintain the dump for some days now bitcoin again started increasing in the chart.

If you are trader, you can still utilize this time and can buy bitcoin as much you can with your trading etiquettes. Holders also can hold since you see the last peak value again.

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September 17, 2017, 06:15:54 PM
 #37

Yes it will definitely reach to $5000 but may take a little longer as it was expected to reach much higher than that at the end of this year, but after the dramatic fall due to China ban on cryptocurrency exchanges happened.
It is not only China involved in bitcoin till now they were the largest traders of bitcoin , now someone else will take that place because the whole world is chasing bitcoin. We may see some more dips to bitcoin in the coming month after the Chinese exchanges closes their operations but it doesn't mean that bitcoin can't survive without China. May be China's shutdown bring it to a slowly progress but bitcoin will move on.

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September 17, 2017, 06:28:40 PM
 #38

Look history,btc price one year ago was 550$ than was dump to 300$ ,Left all that dump news it was correct nothing less nothing more.Better look Seagwit btc ransaction time is 5 min,but not all services switched to seagwit


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jvdp
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September 17, 2017, 07:10:30 PM
 #39

Yes it will definitely reach to $5000 but may take a little longer as it was expected to reach much higher than that at the end of this year, but after the dramatic fall due to China ban on cryptocurrency exchanges happened.
It is not only China involved in bitcoin till now they were the largest traders of bitcoin , now someone else will take that place because the whole world is chasing bitcoin. We may see some more dips to bitcoin in the coming month after the Chinese exchanges closes their operations but it doesn't mean that bitcoin can't survive without China. May be China's shutdown bring it to a slowly progress but bitcoin will move on.

Even though the bitcoin is banned in China few weeks ago.Now they realise and start to accept bitcoin for their transaction.Many think about the price of bitcoin is low now.But just think few days ago the reach 3100$.But now is like  3800$.Only bitcoin will raise this much.Not a single altcoin will have this much power.

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lady Royal
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September 17, 2017, 07:13:06 PM
 #40

Bitcoin can easily reach $5000 again, But as we all know that China was the biggest consumer of Bitcoin in the past. China has the major part in Bitcoins. Right now the price will stabilize for some time and then maybe it will raise or maybe it can start falling for some time.
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