Quote from: TheGodson on November 20, 2017, 12:42:00 AM

Quote from: timikulit on November 20, 2017, 12:08:15 AM

Today bitcoin price reaches above 8000

This is a new high, what do we expect to reach next? 9,000 or 10,000?

Is there be another correction bitcoin price correction at 9,000 or 10,000

Altcoins are going down again. No much growth from there

Well, according to math, we need to reach 9,000 before we can reach 10,000. Cheesy

I think it may reach 10,000 before the end of the year, but we'll see. A lot of people are saying there may be a correction. This would not surprise me. Honestly a lot of the pricing in the crypto world baffles me. It is hard to put a dollar valuation on something that isn't traditionally evaluated. It is a whole different category of an asset than anything people have looked at before.

A lot of hype has gone into Bitcoin this year. It could end up crashing back down to like $800 at some point (I don't think this will happen, but it is possible). Is a huge percentage increase like this sustainable? Only time will tell and I doubt most people have a good understanding of what the future entails.

The next target for bitcoin is $9,000 and hoping for the value of bitcoin to reach $10,000 by the end of this year 2017. Bitcoin made a tremendous gain this year because the value of bitcoin increased with over 800% in this year alone. Imagine, what will happen in the future? if the value of bitcoin can manage to grow by at least 500% every year, bitcoin will reach an unexpected level in small period of time.