Post
Topic
Board Economics
Re: What Will it Take For BTC to Reach $1000?
by
webtricks
on 02/02/2017, 14:30:56 UTC
I guess what happening right now is the total opposite of what you are saying. As of today Bitcoin is price at 993$ this Feb 02, 2017 which is 7$ less to be 1000$. That price is good compared to last weeks 850$ price or even in the first week of January when the panic selling started. My views are positive this January because it is highly unlikely that there will be another panic selling happening this month.

Yes, Bitcoin has given birth to many Tech Astrologers!  Grin
I am really unable to understand how they can read the mind of all Bitcoin users and predict general trend! That is the reason, they are 90% wrong! Not me, nor anyone else can predict future of Bitcoin price!

Bitcoin is product of Perfect Competition Market. The share of single buyer and seller is so neglible that he cannot influence price. Price is determined by market forces in general. And price will only alter on large scale shifts like 'panic selling'