Re: Bitcoin hits $1,600 and one investor says it could rally to $4,000 in few months

I was just thinking about that this year will end up to $1,500 but it was still too early. And after the first quarter of this year we saw the price went up to $1,600 and now at $1,700+ I would not say that $4,000 this year is impossible because the market is becoming bigger but it will take time before crossing that mark.

Until the end of the year, the market may still explode and the price of 4k dollars may not be the limit, if we look at the growth rate.

As I understand Bitcoin price is increasing because its become harder to obtain, but at the end of the day it is just a means of transferring payments electronicaly. So why don't people simply switch to any of the other Altcoins instead of keep pumping the value of Bitcoin?

Because bitcoin has become an investment instrument for some people or groups. Bitcoin has a bright prospect as a digital currency, altcoin is in comparison because bitcoin is a measuring instrument.

What price fluctuations in the Bitcoin market can be watched without fading of the heart. I experienced every day how this year will pass with Bitcoin prices. Today, I really look at the forecasts that were voiced earlier that Bitcoin can fly up to 2000 dollars for one Bitcoin and I think that it will be even more.

But the downfall can create some awareness to those shaky peopls and they might sold their hodl coins if they see some bad flactuations unto it. And im wondering on how things would go for bitcoins and now im questioning people about it does speculation still occur unto this? or maybe this time is the fallen time of bitcoin and cameback again to its stable prices.

If we look at last few day then we could say that price is coming to that state to be stable, this may be good time to look at possible signs for price drops that not necessary need to be in motion. Dont think we will see price going below 1500 per one BTC, think that it will be hard resistance at that point and if price again started to up like it was few weeks ago with increase of 3,5-5% per day we could expect this 4K this year.