Post
Topic
Board Speculation
Re: Why bitcoin can never go past $7000
by
Weawant
on 30/10/2017, 06:23:32 UTC
Bitcoin's volatility has been steadily decreasing over time, which means huge price movements upwards are less likely than ever. Sorry it's not going to happen. I think 5000-6000 range is the correct or fair price, so selling at the higher end of this range would bring profit at least and then I think alt coins start making more sense at that point
It can't pass or even reach the value of 7000$ at this moment because the hardfork is approaching. Backdrops are taking place often, and it may be becauae of the segwit2x. But I'm not saying that it won't be able, maybe it will make its way to 7000 AFTER the fork especially if it will succeed because just like the recent one, the value will surely increase.
i think it can reach until  7000$ just before the hardfork begins, because many people are still buying and holding bitcoins because of free fork coins which is bitcoingold and i believe that bitcoins value will somehow decrease after the fork has done because most of them are going to dump and sell thier coins. although bitcoin can still posibly recover after this cycle and will probably start to reach his next ath.

Sad to say bitcoins will get a tough way to reach for that since actually we can see that if you can taste some huge pump there where fud bad hypes will follow to distrupt its growth that's why we see some bad movements coming unto it, But for this happenings we should embrace and see those fall as opportunity since we can even earn more if we bought more and then pump came.