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Author Topic: [2017-12-07]Bitcoin hits $15,000  (Read 1319 times)
hugeblack
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December 07, 2017, 01:07:56 PM
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Bitcoin’s value crossed the $15,000 threshold for the first time today, marking another milestone in its dizzying ascent. In recent months, the cryptocurrency has undergone a staggering increase in value; surging from roughly $3,500 in mid-September to its current price. And at the start of the year, a single Bitcoin was worth less than $800.

What happens next is anyone’s guess, and most analysts are united only in their uncertainty over the cryptocurrency’s future. Bitcoin long ago stopped being useful for actually buying things (partly because of its rocketing value and partly because of achingly-slow transaction times), so the questions facing speculators are: is this a bubble? And if so, when will it burst?





Source https://www.theverge.com/2017/12/7/16745178/bitcoin-value-15000-milestone

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December 07, 2017, 04:29:48 PM
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No one can actually tell when this massive bull run will end, or as the article implies, when is the bubble going to burst. There is no doubt that bitcoin reaches another milestone when it crosses 15K, but for me it won't simply stop at this price. This is just the beginning and with all this financial institutions somewhat giving bitcoin legitimacy, it's really hard to see where this hype train will halt its run. Maybe not this year though.

People are already anticipating corrections so for me bitcoin has given us enough leeway to prepare ourselves if ever this price increase suddenly comes to an end. So its up to us, how to react, we going to still hold believing that bitcoin can make a comeback after a crash and go even further, or just dump our coins take profits and buy in dips. Personally, I still hold it even more even there is a imminent crash, I'm one of those who thinks that bitcoin can still go higher in the next coming years.

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December 07, 2017, 04:37:53 PM
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Everything has suddenly become normal nowadays. Reaching newer highs is no longer a great achievement, but just a common happening that people aren't excited about anymore. It's great for each and every holder, but this of course can't keep happening endlessly. There will be a moment this market reaches a point that people don't want to pay for anymore, and that's likely when we'll see a healthy correction take away a huge load of the steam that has been accumulating for so long. It may happen once the first future market gets active on December 10th. In most cases the price goes up before something happens, and this may be the case as well.
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December 07, 2017, 06:31:36 PM
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Most likely bitcoin will continue to grow in price and will stop, I think in February next year. This will be facilitated by the eight forks that must occur in the coming month. During this time bitkoyn can reach and 20 000, and 30 000 dollars. Such a dizzying takeoff in the price bitcoin was not yet. Therefore, many people are already thinking about what will happen after he stops in growth and how he again falls in its value.

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