Quote from: romero121 on October 22, 2016, 08:25:54 AM

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Quote from: lexuz on October 20, 2016, 07:38:32 AM

In a few months bitcoin price never can't break $650 maybe it's the time we must lose a hope to seeing bitcoin price touch $700 in this year.

No need to lose hope, but the point is that the majority of the people here expect too much from the price. Reaching $700 this year is a realistic possibility as there are more than 2 months to go before this year ends. But hoping for prices higher than $700 is more like wishful thinking. I think $700-$720 will be the peak that we will see in the remaining time of this year, and after that it will settle below $700.

Of course there should be hope for rise of the price. the two remaining months are months characterized with lots of purchases. So, many people will be buying lots of bitcoin for purchases which will increase the demand and consequently the price that everyone here is hoping to see. I think what i said is making sense, right ?

All bitcoin users are hoping for the price increase of bitcoin because as we all know that we would really benefited on that event that would happen but we cant still make sure that it would reach price point because adoption is the main reason. If adoption would arises then for sure price would move up.

little over 700 will be price maybe I'm wrong on this but to much pressure is on 650 price if this can be breakerI will say that 750 will be next one
But still it 2 long months till end of this year

Over a long time users were expecting to experience the break out of bitcoin price over $700. Now in the ongoing fluctuations we can see the price to be around $650 in a short time. Possibly to experience $700, we need to wait with patience till the year end.

I agree.Patience is needed and a price around $700 is still a realistic aim for the end of that year.
But I wouldn't expect much more than that.
If we should reach the ~700, a bit more or less doesn't really matter, we then had a really good run in 2016!
Remember that 13 months ago we had been in the 200s!! Therefore I see this as a really strong comeback of Bitcoin in terms of price this year!!