enterprevic (OP)
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October 16, 2017, 03:28:01 PM |
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The way bitcoin price has been increasing has been alarming lately and I can say that no other currency has the amount of power that bitcoin has, I can remember vividly sometime during January ( I mean early January) bitcoin was only struggling to reach $1k but now come October, the currency is almost nearing $6k ($5600) to be precise, now I want to ask if there is a mark in which bitcoin will stop increasing or is there a mark it can't cross.
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Turkiwi
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October 17, 2017, 09:14:04 AM |
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You're saying that BTC was struggling to surpass 1k, but you probably forget that BTC was struggling to pass one dollar at some point in time. The return from one dollar to a thousand is much higher than one thousand to five thousand, so I'm not sure what you're concerned about. Besides that there are real people who use the network behind BTC, and these are real dollars coming in and we haven't even started (mass adoption etc.) there have been definitely people back in the days that said "BTC for one dollar?! That's too much!" But now we're sitting on almost 6k, and in a couple of years people will be asking again "isn't 50k too much for BTC?", so... it's a never ending story
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alfs75
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October 17, 2017, 11:31:04 AM |
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The way bitcoin price has been increasing has been alarming lately and I can say that no other currency has the amount of power that bitcoin has, I can remember vividly sometime during January ( I mean early January) bitcoin was only struggling to reach $1k but now come October, the currency is almost nearing $6k ($5600) to be precise, now I want to ask if there is a mark in which bitcoin will stop increasing or is there a mark it can't cross.
I thinks there's no exact amount that bitcoin currency will stop increasing to its exact value because as long as bitcoin constant change in black chain market we cannot predict exactly the right amount.maybe now the value turns to $6k or maybe tommorrow morning when we wake up the value turns to $1k, or maybe next month turn back its value from the start.all depend on the investor and the stock investment trading.
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ReLieD
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October 17, 2017, 11:39:52 AM |
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The way bitcoin price has been increasing has been alarming lately and I can say that no other currency has the amount of power that bitcoin has, I can remember vividly sometime during January ( I mean early January) bitcoin was only struggling to reach $1k but now come October, the currency is almost nearing $6k ($5600) to be precise, now I want to ask if there is a mark in which bitcoin will stop increasing or is there a mark it can't cross.
There is no fixed price of Bitcoin. It can increase to any extent and similar drop down to any number at any point of time. And it has always struggled to increase. Like it would have reached 5k USD much earlier but then a month back it faced few problems and dropped down to like 3k and now it's back up again. So basically there is no stopping I guess. So it might keep increasing as time passes
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andthereyou
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October 17, 2017, 11:43:43 AM |
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You're saying that BTC was struggling to surpass 1k, but you probably forget that BTC was struggling to pass one dollar at some point in time. The return from one dollar to a thousand is much higher than one thousand to five thousand, so I'm not sure what you're concerned about. Besides that there are real people who use the network behind BTC, and these are real dollars coming in and we haven't even started (mass adoption etc.) there have been definitely people back in the days that said "BTC for one dollar?! That's too much!" But now we're sitting on almost 6k, and in a couple of years people will be asking again "isn't 50k too much for BTC?", so... it's a never ending story
You were right it's a never ending story. I think maybe even 100k can be achieved in the future. The more money coming in the more the price will increase. The price of bitcoin will determined the future of crypto market.
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matchi2011
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October 18, 2017, 03:52:58 AM |
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The way bitcoin price has been increasing has been alarming lately and I can say that no other currency has the amount of power that bitcoin has, I can remember vividly sometime during January ( I mean early January) bitcoin was only struggling to reach $1k but now come October, the currency is almost nearing $6k ($5600) to be precise, now I want to ask if there is a mark in which bitcoin will stop increasing or is there a mark it can't cross.
Well i don't think we can give any specific figures because bitcoin can go beyond 10k next year or crash with some unfortunate event. One thing for me is certain, bitcoin is far from reaching it's full potential yet so we may see the predictions of it going to the moon fulfilled in a few years.
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BillTony79
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October 18, 2017, 04:56:49 AM |
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On the way go to up $7500 end of 2017. And next year maybe $10000 . What do you think
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Bodywowoya
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October 18, 2017, 05:23:20 AM |
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The way bitcoin price has been increasing has been alarming lately and I can say that no other currency has the amount of power that bitcoin has, I can remember vividly sometime during January ( I mean early January) bitcoin was only struggling to reach $1k but now come October, the currency is almost nearing $6k ($5600) to be precise, now I want to ask if there is a mark in which bitcoin will stop increasing or is there a mark it can't cross.
I think 10 thousand for him the ceiling, now the price is sky-high, and if it reaches such a maximum, even the consequences are difficult to predict. Of course it will not be soon, and everything will depend on investors. But there are such prerequisites so far.
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CoinsCoinsEverywhere
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October 18, 2017, 06:02:52 AM |
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The way bitcoin price has been increasing has been alarming lately and I can say that no other currency has the amount of power that bitcoin has, I can remember vividly sometime during January ( I mean early January) bitcoin was only struggling to reach $1k but now come October, the currency is almost nearing $6k ($5600) to be precise, now I want to ask if there is a mark in which bitcoin will stop increasing or is there a mark it can't cross.
Bitcoin's behavior lately hasn't really been that crazy by historical standards. In absolute terms, price swings of $1k are certainly a lot. But in percentage terms, they're more in line with the way bitcoin has behaved in the past (although +20% in a 24-hour period when we went from ~$4800 to ~$5800 was outsized, even for bitcoin).
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peter0425
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October 18, 2017, 06:09:00 AM |
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The way bitcoin price has been increasing has been alarming lately and I can say that no other currency has the amount of power that bitcoin has, I can remember vividly sometime during January ( I mean early January) bitcoin was only struggling to reach $1k but now come October, the currency is almost nearing $6k ($5600) to be precise, now I want to ask if there is a mark in which bitcoin will stop increasing or is there a mark it can't cross.
There could be no price can bitcoin could really stop. Bitcoin has gain a lot of awareness this year, but before we got to where we are right now, there are a lot of bumps along the road, i.e ETF rejection is March causing the price to crash ~$1000 then struggle to get up. Japan enters the picture pushing the price to new ATH, then the Chinese impact and the Dimon attack. You should not be worried as we didn't get here with smooth sailing. Its been a bumpy right for us. There are struggles and I think we are just enjoying the fruit of all our challenges and labors. So as far as the prices, if people are willing to put there hard earn cash to the market, then there no stopping, we don't know what the price could be at the end.
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Yaunfitda
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October 18, 2017, 06:10:00 AM |
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The way bitcoin price has been increasing has been alarming lately and I can say that no other currency has the amount of power that bitcoin has, I can remember vividly sometime during January ( I mean early January) bitcoin was only struggling to reach $1k but now come October, the currency is almost nearing $6k ($5600) to be precise, now I want to ask if there is a mark in which bitcoin will stop increasing or is there a mark it can't cross.
What seems to be alarming dude? Before when the price struggles to get $1K, (yes, I've seen it) the demand is not that great, no personalities talking about crypto and bitcoin in general. Pass forward to today, the market grows exponentially, many people are now aware of bitcoin, and we have someone from Wall Street attacking it. To answer, there's no mark that bitcoin will stop as long as there is a demand for it. Simply as that.
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tweetbit
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October 18, 2017, 06:29:51 AM |
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The more popularity/investors that bitcoin will become/coming the price increases. There is no ending or limit on how this cryptocurrency may worth the question how/when the investors will be stop on collections/HODLing bitcoin is a big question mark. Is it alarming for you, I’m not sure maybe your just confused or used the wrong words to describe what you feel.
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HODL
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Ridwan Fauzi
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October 18, 2017, 07:09:30 AM |
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rising and falling bitcoin prices depending on their own taste, the more demand for bitcoin sales the more expensive, and vice versa. But if I estimate at the end of the year 2017 $8000 perhaps
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TheUltraElite
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October 18, 2017, 09:11:16 AM |
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The way bitcoin price has been increasing has been alarming lately and I can say that no other currency has the amount of power that bitcoin has, I can remember vividly sometime during January ( I mean early January) bitcoin was only struggling to reach $1k but now come October, the currency is almost nearing $6k ($5600) to be precise, now I want to ask if there is a mark in which bitcoin will stop increasing or is there a mark it can't cross.
You need to understand that there is always a growing resistance between the users who are adopting bitcoin and the users who are defaming bitcoin. The buyers and sellers are what the price depends on. Currently the November fork is coming and from the idea of the August fork people know that they can make a lot of free cash from it. So they are buying bitcoin and price is rising. After the fork there may be a drop in price and then the uptrend will again start. This will continue and there is nothing to be alarmed of it because bitcoin price is bound to rise.
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pooya87
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October 18, 2017, 09:15:02 AM |
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The way bitcoin price has been increasing has been alarming lately and I can say that no other currency has the amount of power that bitcoin has, I can remember vividly sometime during January ( I mean early January) bitcoin was only struggling to reach $1k but now come October, the currency is almost nearing $6k ($5600) to be precise, now I want to ask if there is a mark in which bitcoin will stop increasing or is there a mark it can't cross.
it was only struggling to reach $1000 because of the mentality of everyone in the market. where they all thought $1200 is the ATH and reaching it means the end of the line and price should go back down to $100 again. additionally there was the scaling debate hot as ever. you may not know this or think it insignificant, but in fact the scaling debate that lasted nearly 3 years, have been holding bitcoin back more than anything else ever could. and when it was resolved, most of the blockades against bitcoin were removed. so price could rise so much easier.
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In the silence
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''Vincit qui se vincit''
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October 18, 2017, 09:16:19 AM |
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The way bitcoin price has been increasing has been alarming lately and I can say that no other currency has the amount of power that bitcoin has, I can remember vividly sometime during January ( I mean early January) bitcoin was only struggling to reach $1k but now come October, the currency is almost nearing $6k ($5600) to be precise, now I want to ask if there is a mark in which bitcoin will stop increasing or is there a mark it can't cross.
Price rising will stop only if no new adopter join the game, if you compute 21M bitcoins and 7B people it could really hard to tell when it will stop rising, more mainstream media are telling what bitcoin is and people want it without knowledge.
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Kemarit
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October 18, 2017, 09:30:32 AM |
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The way bitcoin price has been increasing has been alarming lately and I can say that no other currency has the amount of power that bitcoin has, I can remember vividly sometime during January ( I mean early January) bitcoin was only struggling to reach $1k but now come October, the currency is almost nearing $6k ($5600) to be precise, now I want to ask if there is a mark in which bitcoin will stop increasing or is there a mark it can't cross.
it was only struggling to reach $1000 because of the mentality of everyone in the market. where they all thought $1200 is the ATH and reaching it means the end of the line and price should go back down to $100 again. additionally there was the scaling debate hot as ever. you may not know this or think it insignificant, but in fact the scaling debate that lasted nearly 3 years, have been holding bitcoin back more than anything else ever could. and when it was resolved, most of the blockades against bitcoin were removed. so price could rise so much easier. Correct, when it was struggling, everyone though that is the end of the line so they panic and sold off. But that mentality was changed when new and bolder investors came in which bags of money to put into the market. So we overcome that barrier. And then the scaling issue and the slow confirmation time was somewhat alleviated and more people enter because that issue who have been going for years was resolved. If you are asking for a certain mark then maybe at the end of the year we are going to see $6000-$7000. Although its really hard to predict the price movement. But as far as the price it can't cross, really hard to speculate that since bitcoin is purely a speculative market.
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soham
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October 18, 2017, 09:33:52 AM |
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The way bitcoin price has been increasing has been alarming lately and I can say that no other currency has the amount of power that bitcoin has, I can remember vividly sometime during January ( I mean early January) bitcoin was only struggling to reach $1k but now come October, the currency is almost nearing $6k ($5600) to be precise, now I want to ask if there is a mark in which bitcoin will stop increasing or is there a mark it can't cross.
NO! There is no price point we can say right now about bitcoin can't cross. Bitcoin is used worldwide and not within a single country. So it is impossible to have an overview of what the people are thinking about bitcoin and what can be their goal price. However, I believe every investors have their own goal price for bitcoin. They are going to probably sell out their bitcoins once that price point triggers. That price point is different for different users based on their experience and financial situation. Some will have 7k USD and some others will have 15k USD. But guessing the highest mark for bitcoin, is just impossible.
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amacar2
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October 18, 2017, 10:28:55 AM |
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I want to ask if there is a mark in which bitcoin will stop increasing or is there a mark it can't cross.
I don't think there is any price range which bitcoin can't go over. I think even $100k per bitcoin is possible by next five years or even earlier. I am quite optimistic about crypto in overall so total marketcap of all crypto can go easily over $1 trillion in near future. Just keep buying bitcoin whenever there will be some correction on bitcoin's price.
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Blackwrench
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October 18, 2017, 11:08:24 AM |
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You gotto keep in mind that the dollar to which we are measuring right now might be worth less and less in the future. If bitcoin or any other crypto will become mainstream in the future it's easier to compare what you can buy for 1 BTC in the future (or maybe even 1 satoshi ifbit becomes really valuable).
Maybe it will be possible to buy a mansion with 1 BTC in the future, maybe it will depreciate and become worthless because we find a better alternative to crypto, nobody knows.
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