Post
Topic
Board Speculation
Re: Still don't believe BTC can reach 5K, then 10K and then 50K?
by
Rozita
on 13/08/2017, 21:19:22 UTC
You better believe it folks Cheesy Patience is the key.
Honestly, the price of bitcoin this time is so high ($4k), I believe that it will rise up high in the next day or week, it is because they believe that bitcoin will success in the future. Even we don't admit it, the price will continuously increase because they realize that bitcoin is one stuff to help us in the poverty. In this case more user will encourage to buy the bitcoin because they prove that this is legit and it will possible to success in the future.

Yes, I agree with you.
Price increase in bitcoin cause some people to sell their bitcoins to earn some profits. But there are more new peoples who invest bitcoin as they see the potential of bitcoin.
Number of people in second group is much more than the number of people in first group. This high demand cause bitcoin price to rise very much.