Why bitcoin can never go past $7000

[fanbeila]

Its wrong.Bitcoin just crossed $6,000 before and was about to move above.But china's actions against bitcoin made its price to fall,but it soon recovered.

But,the hard fork for creation of BTG and the upcoming fork in november have made situations unclear and that's why,bitcoin price has not increased more.

But very soon,if hard fork happens in november,bitcoin price may skyrocket as china's threat is also no more.

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[eann014]

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

I think at this point we can have bitcoin price from the average of $6000, but there is a possibility that bitcoin will reach up to over $7000 by the end of the year. Look at the bitcoin price right now? It's already increasing again since yesterday so I think it will continue to rise until December.

[stfN2128]

Bitcoin will pass 7000$ easily in the next weeks, at the end of 2017 or beginning 2018 i see Bitcoin at 10000$

We are still in the beginning of a great chapter guys

[Kisanaq]

the start of the $ 7000 price starts immediately, and I'm sure it will happen in November, we should dare speculate that we will soon get profit if we invest now, I suggest to hold and do not be interested to sell even though the price will continue to rise.

[Vritesh]

Nobody even expected that Bitcoin's price will rise upto 6000$ also. So giving such statement that Bitcoin can never go past 7000$ is not right. The price is boosting up and according to current growth rate we can say it will go past 7000$ .

[twicezeroiszero]

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

I think at this point we can have bitcoin price from the average of $6000, but there is a possibility that bitcoin will reach up to over $7000 by the end of the year. Look at the bitcoin price right now? It's already increasing again since yesterday so I think it will continue to rise until December.

In my opinion, it seems the whale want to take profits and go out the market in next pump.
The price of Bitcoin never increases again without correction ~30-50% the highest price.
But by the speculators and traders have took profits at $6,100 and waiting the price of Bitcoin at $4,xxx price range made the whale need to pump the price of Bitcoin instead of dump it, because continue to dump can make them can not buy enough Bitcoin.

[sapnu]

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

Bitcoin's market value is continuously increasing as time passes by so I think there's no standard price foe it. As long as the demand that it is getting from the market increases, its market value won't stop rising. So it is possible that Bitcoin will be able to reach and even pass the 7000-dollar barrier. And also, as far as I know, as its value increases, the profit also becomes bigger especially for the investors so profit will be big unlike what you've said.

[pitiflin]

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

You people who are new to bitcoin( I am just assuming by your account status)  always assume and state and confirm that this is going to happen and this is not going to happen as if you are some sort of authorized recipient of cryptos. You gotta wait for some time ,you can't expect it to keep on increasing on a increasing pace with out any drops, wait for a few months you will see.

[Cranidos]

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

Nonsense. You sound like very knowledgeable and logical about your claim but it is the other way around. "Experts" claims that Bitcoin will reach hundreds of thousands in USD and yet you say that It won't surpass 7000. This is just the same when FUDers back then claims that it will never reach 1000, 2000, nor 3000 and where are we now? Bitcoin depends on the community and demand so you can never be too certain on how far Bitcoin will reach.

[hahay]

All need a process, can not quickly to soar. You just need a little more time to see bitcoin prices soar above 7k usd. The bitcoin price will continue to break the new value, so you should hold your bitcoin well so you do not lose the moment 7k usd later.

[AE]

All need a process, can not quickly to soar. You just need a little more time to see bitcoin prices soar above 7k usd. The bitcoin price will continue to break the new value, so you should hold your bitcoin well so you do not lose the moment 7k usd later.

He might be right with his wild guess. But who knows, this really will stop somewhen. But nobody knows where, but it will stop and take a break for sure.

[Budugbass]

I think nowadays bitcoin starts to show price movements that are trying to approach $7000, I think there is a possibility until the end of the year the price will reach $7000.

[mike4001]

I think nowadays bitcoin starts to show price movements that are trying to approach $7000, I think there is a possibility until the end of the year the price will reach $7000.

You mean until the end of the days I suppose ...

[chickenfried12]

it s really big  step for pass 6500 $ btc > what we are do now ? we can imagine near 7000$  what is last end of year  price ? ow my god .. near i think band of 8000 $ . we will see what is news and  who supporting btc about the market wait and see ..

[AE]

it s really big  step for pass 6500 $ btc > what we are do now ? we can imagine near 7000$  what is last end of year  price ? ow my god .. near i think band of 8000 $ . we will see what is news and  who supporting btc about the market wait and see ..

Lol end of the year is a loooooooooooooooooooooong time. If it happens it happens in Novemeber.

But who knows, the crypto world is difficult to guess, it can suddenly change the direction. nobody knows. Maybe Billl Gates decided to invest a few Billion or some old guy with 100k BTC wants to start his multimillonaire life and sells off.

[mikki14]

BTC ia already 6500$ that 7k will happen in no time. You just have to be patient. Don't be in a hurry. My friend sold his btc when the price hits 6k, now he regrets his decision. Don't be bothered by the occasional price drops, it's normal.

[fulmetal08larz]

In my opinion, OP has a point for a pessimistic and conservative investor. Probably, they already unloaded and sold most of their bitcoins now because they are seeing that bitcoin's current price is very high and possibly, already gained enough profit. If you are an optimistic investor, the $6,000 to $7,000 range is not yet bitcoin’s price at its full potential and is aiming for a six digit price of bitcoin in maybe 3-5 years. We all have different perception when it comes to investment.

[Eugenar]

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

Actually it really can. You just need to consider the situation where it is currently at. Thee's an incoming hardfork and probably that makes it hard for Bitcoin's value to increase but maybe things will change afyer the segwit 2x especially if it will succeed just like the last fork 2 months before August which made its market value to go skyrocket and to reach an amount of 4000 from 2800. Now that Biycoin has a value of more than 6000, there's a huge probability that it will reach a value of 7000 before this year end.

[atjiat]

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

Actually it really can. You just need to consider the situation where it is currently at. Thee's an incoming hardfork and probably that makes it hard for Bitcoin's value to increase but maybe things will change afyer the segwit 2x especially if it will succeed just like the last fork 2 months before August which made its market value to go skyrocket and to reach an amount of 4000 from 2800. Now that Biycoin has a value of more than 6000, there's a huge probability that it will reach a value of 7000 before this year end.

as to what forecasts have already sounded to date regarding this year, then the amount of Bitcoin's price was quite large. I think that everything depends on what kind of demand will be on Bitcoin and how many people will want to invest their money in the crypto currency.

[AE]

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

Actually it really can. You just need to consider the situation where it is currently at. Thee's an incoming hardfork and probably that makes it hard for Bitcoin's value to increase but maybe things will change afyer the segwit 2x especially if it will succeed just like the last fork 2 months before August which made its market value to go skyrocket and to reach an amount of 4000 from 2800. Now that Biycoin has a value of more than 6000, there's a huge probability that it will reach a value of 7000 before this year end.

as to what forecasts have already sounded to date regarding this year, then the amount of Bitcoin's price was quite large. I think that everything depends on what kind of demand will be on Bitcoin and how many people will want to invest their money in the crypto currency.

Yeah, supply and demand that is very logical? But how to forecast Bitcoin demand? Much is in few hands.

I think a major correctoin is overduw, but I was often wrong in the past, so maybe also this time. BTC price will be higher in 30 years, that is sure, but price in one year, I do not know.