Post
Topic
Board Speculation
Re: Bitcoin Can Hit $2K ?
by
Adar Korin
on 08/01/2017, 01:23:34 UTC
I was surprised to find that BitCoin has climbed to just over $ 1,100 since about mid November, now it's slowly deflating again.  It'd be a hard sell to push the price up to $ 2,000 unless there was some serious money behind the scenes bankrolling any such climb.

I think the price needs to survive dropping to $ 750 in the short term and then build up in stages $ 250 at a time, otherwise sudden shocks in the system will drive the price back down.

It might be a quarterly thing to get to $ 2,000 by the end of the year, the bigger question is when will people stop trading BitCoin for fiat and use BitCoin in its place?