Post
Topic
Board Speculation
Re: Will Bitcoin’s price rise go over $10,000 in early 2018?
by
bitctrimor1
on 03/11/2017, 11:50:12 UTC
This question was first asked by Bitcoin.com, but I think it will be good to through this open to all here;
Will Bitcoin’s rise continue after record-setting 2017?

"Bitcoin’s record-setting year is well-documented in the media. But with BTC pushing $6,500 price levels and $109.4 billion in market capitalization, what’s in store for the world’s most popular cryptocurrency?

Famous investors Ray Dalio and Warren Buffett are warning of a bitcoin bubble. But other Wall Street analysts see bitcoin perhaps reaching $10,000 or even $25,000 by next year. BTC dipped to $3,200 in mid-September and has since rallied to over $6,500. Heavy trading (of nearly 300,000 daily transactions) can lead to volatility. But investors are also weary of fiat currencies that lose value over the long-term. As an asset, fiat money almost always devalues. And investors know that with Bitcoin and other cryptos, their money has a fighting chance to appreciate in value. Despite the naysayers, it’s possible that we’ll see Bit[Suspicious link removed]ver $10,000 in early 2018." - Bitcoin.com

Do you think Bitcoin will go over $10,000 in early 2018?



Although that is a record-setting amount to reach; I think there is a big possibility and probability to reach that amount, given the current price of BTC. However, there can also be a chance that it won't considering the nearing fork this November. They say that bitcoin values would decrease dramatically after the fork and given the short time you have given, say first quarter of 2018, it might not be enough time for it to rejuvenate its value.