Post
Topic
Board Speculation
Re: Five digits
by
Mickeyb
on 08/11/2015, 20:15:51 UTC
5 digits is at least $10k. The price will not be that high for a few years. It also depends on the general adoption of bitcoin.

It will take several months at most.

Definitely not several years.

If you want to make fun of me, quote this in 2017 if it hasn't come true.

Sure.

You're saying that by January-February 2016 we should be expecting prices in excess of $1000 when the bitcoin price has been stagnant pretty much since December of 2013. I just don't see us going that high in such a small time period with the price history of bitcoin, there's no logic for it.

Honestly, I didn't see us going from $250 before the run and hitting $500 just few days ago. That was surprising as hell to me. Especially after the 2 year torturing period and terrible year 2015. So I wouldn't just say no to a $1,000 in February.


Then again I agree that the chances that we stay in these levels are bigger than another push to a $1,000 in few months.

But the bottom line is that you never know with Bitcoin!



note that we are still bullish as long as we stay above $350

Yes I agree! All you need to look at the chart and you can't but notice how price is going upwards in the last month with green everywhere and under is volume that is just incredible.

This is a very bullish sign in my opinion as well and I think that the price increase will continue soon enough!