Post
Topic
Board Economics
Re: Tell me your predictions about Bitcoin
by
deisik
on 04/03/2017, 16:26:34 UTC
But my prediction for bitcoin would be a static one, bitcoin will be accepted here and there and the price will be rising steady but slowly BUT there won't be any mass acceptance (I mean acceptance as in the local grocery stores) untill the transaction and confirmations are a little quicker and also until the bitcoin price jumps a little more, maybe around 2-3K$ per BTC, also and I hope that some businesses will see the potential of a bitcoin and implement it asap

It is unlikely that Bitcoin will rise slowly, steadily and surely

People love it for its volatility and with prices moving toward 3,000 dollars per coin, there will be a lot of tumult and turmoil in Bitcoin camp. Even today we are already breaking away from the range which folks are psychologically more or less accustomed to. Prices above 2,000 dollars require a lot of time to get ready for new highs, so it will be next to impossible to get there gradually. Prices will hike and then rebound heavily, and that seems to be what we should expect in real life