Post
Topic
Board Speculation
Re: Hold until its $10,000
by
Kemarit
on 10/08/2017, 08:11:04 UTC
Yes, price increase with bitcoin is quiet promising. Hope this will continue for a longer time period. Every year by the end price increase happens, so the ongoing increase will lead to the next pumping that is expected by the end days. So rather than decline a gradual increase has got more probabilities.

Year-to-year bitcoin has increased by a total of close to 300%. That is quite amazing and I don't know if there are other markets that have experienced this kind of run. So we should be it really for the long haul in this market. If indeed we see $10000 in the future, we could definitely on the road to become millionaires ourselves.

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.

I wouldn't trust that site. Zerohedge is more on a gold side. Just a few articles that they mentioned bitcoin in a positive way. They just took noticed when bitcoin is down and say a lot of negatives about it. If this is true then we can't do anything about it because trading platforms are unregulated. And we already knew that there are really big entities behind trying to manipulate price since the beginning. Chinese trading platform has been caught already by PBoC that's why sanctions and tighter regulations has been put to check them.