Post
Topic
Board Speculation
Re: Why bitcoin can never go past $7000
by
sapnu
on 30/10/2017, 20:50:44 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
Bitcoin's market value is continuously increasing as time passes by so I think there's no standard price foe it. As long as the demand that it is getting from the market increases, its market value won't stop rising. So it is possible that Bitcoin will be able to reach and even pass the 7000-dollar barrier. And also, as far as I know, as its value increases, the profit also becomes bigger especially for the investors so profit will be big unlike what you've said.