Quote from: Lancusters on October 15, 2017, 09:50:22 AM

Quote from: iqlimasyadiqa on October 15, 2017, 09:38:40 AM

Quote from: dancingnancy on October 15, 2017, 09:25:53 AM

Quote from: BUK2016 on October 13, 2017, 06:58:53 AM

Base on the current upward trend of bitcoin in recent time don't you think it is possible that bitcoin value will reach $10,000 in the nearest future? As for me I'm optimistic that bitcoin will reach $10,000 before end of December, 2017. And I believe that the sailing will start by November after Sewig2x. Do you agree with me?

The price is increasing steadily day by day, even with high volatility rates there is high hope for bitcoin to least touch the 6,500 mark if not 10,000. It still has to become more popular to hold its price.Due to low supply the price can still go higher.

Yes the increase is happening is still very possible at all. this is visible from the increasing number of bitcoin users, now the price increases from 4,000 $ to 5800 $ which only happens about a month. of course this has proved that bitcoin is now one of the most sought after investments by people. I see the most optimal conditions for an increase is at the price of 7,000 $. but it is also possible that the price could reach 10,000 $ by the end of 2017. all possibilities can still happen because sometimes bitcoin shows miracles to all of us.

You cannot expect a miracle from bitcoin. I do not the first year already trying to figure out why the price increases and do not understand. The only explanation I find is that the bitcoin pumped their money whales. The only logical way of capitalization of the bitcoin is mining. But this is not enough for such price increases. What will happen to bitcoin if the whales agree with each other and withdraw their capital? I can't imagine life without bitcoin so that it could earn rather than buy.

Investment is driving the price higher. People see the price going up and want to get on the bandwagon, so they buy in, too, and the price climbs even more. It doesn't have anything to do with mining. If anything, mining decreases the price as miners sell the bitcoin they mine to cover their costs.

It's possible that the upcoming forks are decreasing the available supply of bitcoins for sale as owners hoard their coins so they can get the extra coins when the forks happen. Decreased supply makes it even easier for price to rise.