Quote from: Seansky on October 16, 2017, 12:31:10 PM

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?

It is too early for bitcoin to reach $10,000 by the end of the year. If it will reach the said price, it wouldn't be healthy for bitcoin market in the future after all, a sudden rise will certainly cause a tremendous downward trend in price. Some bitcoin holders tend to dump btc when price is high and bitcoin reaching even $6,000 is not an exception. Nevertheless, I won't deny the possibility of it reaching $10,000 before this year ends but I doubt it. The most achievable at the moment before the year ends is $6,000.

I do not see this huge pattern continuing eventually. Dont get me wrong, I am not saying it won't still come up, but people are realizing that so many news are coming in the next few years that would make a whole lot of changes in the crypto world, most especially for bitcoin.

As people keep dumping due to price increase and there are some big players using that for their profit, gradually the attitude of dumping pretty much will subside. The volatility will still continue since we will have some market controllers and crypto traders, but will not be as huge as it is most especially for bearish trend and the bullish trend will continue on more adoption.