Post
Topic
Board Speculation
Re: Bitcoin reaches 8000 USD
by
Yakamoto
on 18/11/2017, 06:38:03 UTC
I cant believe this

bitcoin is about to reach 8000 USD

The recovery is too fast. and there is a high chance for 10,000 USD by end of this year.


$10,000 by the end of the year will be a historic moment in bitcoin.  At that level I think it would be hard for the average person not to sell a chunk of the stack.
Most people would be looking to just lock in some profits at that point, I don't think there is anything significantly different for the average joe to realize from such an event other than their specific asset becoming worth a lot. But you never know, the power of greed may overcome a portion of folks and everyone might continue to hoard more of it as they see the price going up constantly. I would think most people would consider selling during downturns rather than selling at a high point like that.

I'll retain my position of saying that $10k by the end of the year is unlikely, but I will never say that it is impossible.