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Author Topic: Why bitcoin can never go past $7000  (Read 3845 times)
batang_bitcoin
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October 29, 2017, 12:41:02 PM
 #81

Bitcoin's volatility has been steadily decreasing over time, which means huge price movements upwards are less likely than ever. Sorry it's not going to happen. I think 5000-6000 range is the correct or fair price, so selling at the higher end of this range would bring profit at least and then I think alt coins start making more sense at that point
Do you really think it's not going to happen? Bitcoin will not reach $7,000 and we will not see it happening? Well I say that everything is possible with bitcoin now, the price can go lower but it can go higher now. We are close to $6,000 and any moment now it can touch it. And when that happens we are going to see the price of bitcoin reaching $7,000 very soon, it's early to say this.

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October 29, 2017, 12:47:17 PM
 #82

Bitcoin's volatility has been steadily decreasing over time, which means huge price movements upwards are less likely than ever. Sorry it's not going to happen. I think 5000-6000 range is the correct or fair price, so selling at the higher end of this range would bring profit at least and then I think alt coins start making more sense at that point
It can't pass or even reach the value of 7000$ at this moment because the hardfork is approaching. Backdrops are taking place often, and it may be becauae of the segwit2x. But I'm not saying that it won't be able, maybe it will make its way to 7000 AFTER the fork especially if it will succeed because just like the recent one, the value will surely increase.

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October 29, 2017, 01:09:54 PM
 #83

Mabe this year it can't pass the $7000 mark but by next year it possibly can. The market has been steadily increasing in terms of monthly users and it is making the demand greater than the supply. Ultimately , the pricing can really be over $7000 let's just wait and hodl.
haha.  Much better mate.  Lets accepts the fact that bitcoin value will not achieve the goal of others prediction such as 7000k in this year end or next month.  Maybe i am agree with up coming year  cause i think theres a possibility to reach that value. Lets just relax and keep holding. Who knows. 

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October 29, 2017, 01:12:30 PM
 #84

it can't go pass through $7000 because of panic sellers everytime that btc reach $5900 they're selling their coins that's the reasons why the price is dumping all over again and then they will gonna buy again then when the price goes up again they would sell it . traders logic but if the demand could goes up again with more percetage than before we could reach that $7000 barrier before this year ends.

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October 29, 2017, 01:16:29 PM
 #85

Well crossing $7000 mark sure would be hard but not impossible.Bitcoin can never go past some amount, always has been in the mind of the people but bitcoins has always surprised people with sudden growth so you can't predict that bitcoin's end price would be below $7000.Just keep holding and by next year who knows wjat would be the price then.

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October 29, 2017, 06:10:29 PM
 #86

It may be that Bitcoin will rise before the fork, but not upto $7k, as the previous correction was not even at $6.5k USD. Before the fork  we might see a price close to 7000 USD due to the inevitable hype. We must also possibly consider that there is constant neagtive media in the mainstream news on Bitcoin due to which some people looking to invest might not do so.

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October 29, 2017, 06:46:11 PM
 #87

Well crossing $7000 mark sure would be hard but not impossible.Bitcoin can never go past some amount, always has been in the mind of the people but bitcoins has always surprised people with sudden growth so you can't predict that bitcoin's end price would be below $7000.Just keep holding and by next year who knows wjat would be the price then.

It does not touch that since the peak value is lesser than that. There are many people expects the 7k USD value in this year end itself. But practically it is not at all possible since there very few adoption expectation in the upcoming months.
Long term holding will always gives the doors for the seeing the profit in the amount you have in your wallet.

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October 29, 2017, 08:47:36 PM
 #88

Now less than $700 away. Does anyone, OP in particular, wish to withdraw their mindless and sweeping statement before they wind up looking like another casualty bleeding on the roadside of history?

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October 29, 2017, 10:00:42 PM
 #89

Bitcoin's volatility has been steadily decreasing over time, which means huge price movements upwards are less likely than ever. Sorry it's not going to happen. I think 5000-6000 range is the correct or fair price, so selling at the higher end of this range would bring profit at least and then I think alt coins start making more sense at that point
Never, it is a totally wrong use of words. bitcoin is flying, and it can go up any time. Time is the only thing we need, the value of bitcoin is constantly going up, and when it comes time, bitcoin will reach $ 7000

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October 29, 2017, 10:35:20 PM
 #90

The part you forgot to consider is that the system continues to print more and more fiat money and this means that it continues to lose its value heavily. The more the fiat money will continue to lose its value, the more they have to put on the table to get bitcoin. In the next finance crisis, that will 100% sure come, we will see prices above $10,000 for one coin!
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October 29, 2017, 11:10:31 PM
 #91

Bitcoin's volatility has been steadily decreasing over time, which means huge price movements upwards are less likely than ever. Sorry it's not going to happen. I think 5000-6000 range is the correct or fair price, so selling at the higher end of this range would bring profit at least and then I think alt coins start making more sense at that point
Never, it is a totally wrong use of words. bitcoin is flying, and it can go up any time. Time is the only thing we need, the value of bitcoin is constantly going up, and when it comes time, bitcoin will reach $ 7000
The only thing that making the price rise is this hardforks going on. And yet many people are expecting too much like $7000 dollar at this year? Like hello, forks is not done yet and you wanted to celebrate already? We must have to face this problem first before proceeding to the next one. You don't think that bitcoin is not that complicated do you? $6000 is already too much for as new users if we want to invest on bitcoin and yet we still use bitcoin. How is that?

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October 29, 2017, 11:22:41 PM
 #92

BTC is traded 24/7/365 non stop when all other market is closed, adding $2 billion per day into the marketcap valuation, within this week that $7000 will be surpassed, this end of week trading will open new money floodgate from new people or skeptical money after long end of week reading about bitcoin
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October 29, 2017, 11:38:17 PM
 #93

It will passed 7k but you need to give some times to bitcoin, recently there are so many forking which reduce the bitcoin domination, some people prefer to play alt coin because the price is cheaper and during this few weeks the volatility is very high, but people always keep bitcoin in the end

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October 29, 2017, 11:45:24 PM
 #94

Bitcoin's volatility has been steadily decreasing over time, which means huge price movements upwards are less likely than ever. Sorry it's not going to happen. I think 5000-6000 range is the correct or fair price, so selling at the higher end of this range would bring profit at least and then I think alt coins start making more sense at that point

Could it be that you just sold your bitcoins are search for a reason that it was a good decision! Cheesy:D
haha price can go anywhere upwards and downwards.

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October 30, 2017, 12:09:21 AM
 #95

Bitcoin's volatility has been steadily decreasing over time, which means huge price movements upwards are less likely than ever. Sorry it's not going to happen. I think 5000-6000 range is the correct or fair price, so selling at the higher end of this range would bring profit at least and then I think alt coins start making more sense at that point
It can't pass or even reach the value of 7000$ at this moment because the hardfork is approaching. Backdrops are taking place often, and it may be becauae of the segwit2x. But I'm not saying that it won't be able, maybe it will make its way to 7000 AFTER the fork especially if it will succeed because just like the recent one, the value will surely increase.

Why not? How sure you are that this bitcoin never pass $7000? Surviving such fork attack with majority hashing power miners and some of the  most influential businessman indescribably bullish. Even if the price could dump, bitcoin surviving this would strongly dissuade others from trying it going forward as well as minimized  the FUD that would be associated with any future attempts.                                

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October 30, 2017, 12:48:25 AM
 #96

I don't think your'e predictions are correct well it true that bitcoin price is playing around at 5,000 US dollars. But regardless there is always a possibility for price to go up even as high as 7,000 US dollar, why? because don't you think even if bitcoin is currently being backlashed at the market that it wouldn't increase, because the more you get comments at the more people get to know it and that's why there is a chance that bitcoin will go up.

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October 30, 2017, 01:51:20 AM
 #97

As of now the price of bitcoin is already 6100 dollars and Im very happy brcayse they reach that. And for sure maybe the price of bitcoin reach 7k dollars next month and for sure it will continue to increase the price before end of this year and I hope it will become 8k dollars. More bitcoin that you have more chances to earn more money so its better to buy bitcoin now with your extra money.

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October 30, 2017, 02:20:33 AM
 #98

It's like when a bitcoin is about $4000, some people say it can not pass milestone $5000. What has happened? the price did escalate far beyond expectations. Don't question why bitcoin can never go past $7000? Grin


     
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October 30, 2017, 04:24:05 AM
 #99

Bitcoin's volatility has been steadily decreasing over time, which means huge price movements upwards are less likely than ever. Sorry it's not going to happen. I think 5000-6000 range is the correct or fair price, so selling at the higher end of this range would bring profit at least and then I think alt coins start making more sense at that point

This is so funny, you're saying Bitcoin is volatile and that's why it won't grow up, but that's the very reason it is really up. You just need to wait and watch Bitcoin shall cross 7k very soon, the upward swing has began, many countries are accepting BITCOIN and we shall soon see the mother of all rallies, China is coming back into the picture and I am sure many countries, will follow suit, if you decide to cash out now, you'll loose your profits, choice is yours, until it's not urgent don't sell.

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October 30, 2017, 06:14:29 AM
 #100

Bitcoin's volatility has been steadily decreasing over time, which means huge price movements upwards are less likely than ever. Sorry it's not going to happen. I think 5000-6000 range is the correct or fair price, so selling at the higher end of this range would bring profit at least and then I think alt coins start making more sense at that point
It can't pass or even reach the value of 7000$ at this moment because the hardfork is approaching. Backdrops are taking place often, and it may be becauae of the segwit2x. But I'm not saying that it won't be able, maybe it will make its way to 7000 AFTER the fork especially if it will succeed because just like the recent one, the value will surely increase.
i think it can reach until  7000$ just before the hardfork begins, because many people are still buying and holding bitcoins because of free fork coins which is bitcoingold and i believe that bitcoins value will somehow decrease after the fork has done because most of them are going to dump and sell thier coins. although bitcoin can still posibly recover after this cycle and will probably start to reach his next ath.

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