Post
Topic
Board Speculation
Re: Bitcoin Back to 5000 Dollars ?
by
pleaseexplain
on 15/11/2017, 22:11:30 UTC
the probability of hitting Bitcoin price again at 5000 dollars is it close enough to hit this coming week ?

Sadly I do not think we will ever see $5000 bitcoin ever again, this is obviously good for those who hold as many bitcoin as they need but for those who wish to buy more it's not so good!

A better way to think about it is to see that bitcoin has now established firmly itself as digital gold and its "store of value" has been holding up for years now despite many threats including the latest lot.
Even if it struggles to be a fast payment system (and Lightning etc may fix that) it is still a remarkable investment. If you want to get enthused about possible future prices follow the BETI chart maker

https://bitcointalk.org/index.php?topic=470453.0

So ignore the current price at any time and just keep buying slowly. That has proven to be the key for all those that started when it was $50, $100 or $1000. It will be so for some time to come. Don,t wait for big dips (though they may come as bitcoin is heavily speculated) as it is hard to pick them (think back to when it was $240 for months and no one really bought up large).