Post
Topic
Board Economics
Re: Bitcoin's Next Direction 2017 Predictions
by
Zicadis
on 14/05/2017, 18:29:09 UTC
I can see the price in the $ 3000 range, but without a solution for slow confirmations and high fees, I don't see the price staying in that range for long.

The price increase is just an indicator that even with those problems still many chose to buy bitcoins. We are concerned about the high fees but the thing is that as the price is increasing, expect the fees will become higher not with the amount of bitcoins but because of the price or value of bitcoin. We will possibly hit $3,000 before this year ends.
One thing i like about bitcoin is it always keeps us in suspense, you just never know what will happen next... whether it will surge or soar and even with these temporary problems we facing we see more users demanding for bitcoin in spite of the high fees and high market value.

For 2017 we should expect bitcoin to close in the range of $2100- $2600