Post
Topic
Board Speculation
Re: Hold until its $10,000
by
Wind_FURY
on 08/08/2017, 02:36:18 UTC
Good luck for that dude, $10,000 is too much but who knows ? Maybe you are right and in 5 years the bitcoins price will reach $10,000. In my opinion $10,000 is possible but it will takes a long long time to reach that, maybe 10 years ? 20 years ? even reach $5,000 is still hard nowdays.

We're likely to see $5k USD/BTC by the end of 2017.

Maybe but there is an interesting story about Bitcoin's price increase to surmount $3000. http://www.zerohedge.com/news/2017-08-06/mysterious-trader-nearly-unlimited-bankroll-said-be-manipulating-bitcoin-price

According to that analysis, there is a trader or group of traders that have been trying to manipulate the market lately, Mtgox style. It is also possible that it is being done be Bitfinex management themselves.
may be there are people who hare holding it for that price that when bitcoin will reach to 10000BTC then they will start selling it, but i think it will take a lot of time and therefore i have decided to hold bitcoin tell the price reach to 5000$ because at that price will be making good profit form it.

Maybe. But I later realized that a MtGox style of manipulation by Bitfinex today is maybe not that possible. Bitfinex simply does not have enough volume to do it.