Post
Topic
Board Speculation
Re: Can Bitcoin Still Go Up?
by
bajing
on 23/10/2017, 22:47:53 UTC
Bitcokn price is 6000 dollars and for sure it will continue to increase more in the future and maybe we see the price of 10k dollars next year not this year . Sometimes the transaction fee in bitcoin is small but its always high and I hope soon it will become lower because if the price increase the transaction fee will be low. More bitcoin more money to come so invest now.
Very honestly it is depending on the interest of the people, if peole are intersted in bitcoin then i think that the price will continue increasing, but i think if their interest is diverted to somewhere else then i do not think that its price willl continue increasing. Luckly the intereste of the people is still toward bitcoin and even their interst is incrasing from time to time, they are not even ready to sill their bitcoin but cotniuously holding it, because they are sure that after few years bitcoin will be more worth than its present value and they will even get more profit from bitcoin investment.

In the past few years, more and more companies have started accepting bitcoin. But then, the unregulated nature of this currency make people hard to predict when its price continue to  rise or when the bubble will burst. Some analysts believe its price will continue to rise over the next few years following its recent split into two different cryptocurrencies in an event known as "hard fork". I think this bitcoin could only goes up when people never tired of using it.
Hard Fork just helps Bitcoin improves its system and solve some problems make it can confirm transaction faster than before hard fork. Split to two chain (Bitcoin and Bitcoin clonned from fork) is the option of some miners do not accept old Bitcoin after forked and want to create new Bitcoin. Do you think it is good for Bitcoin community?
But there is a decrease in transaction costs after hard fork, of course this can make  bitcoin price down but all this is still a prediction because the bitcoin price isn't determined from it. anythingelse that happening it will give an impact, good or bad all determined by bitcoin users if bitcoin users still choose to hold or not sell then bitcoin prices can still rise even after hard fork.