Quote from: Kemarit on February 22, 2018, 03:01:16 AM

Quote from: Tommysurf on February 22, 2018, 02:15:51 AM

How do you think when bit coin price will up?

I hope after Chinese holiday,,,will big up like last end of years,,

Personally, I don't think that the Chinese New Year will have a big impact on the market. We have seen some gains though and we are now trading above the 4 digits now. If the Chinese New Year has something to do with it then good, but I shouldn't put everything on their shoulder and expect exponential growth. Well, the dramatic price increase at the end of December 2017 was due to the bitcoin future contracts offering by financial institutions CME and CBoE. Eventually, we will bounce back around $20,000 but you have to understand that it would take a lot of investors to pour their cash to be able to push the price at that levels again, lots of them. So just don't get too excited and not to worry, sooner or later it will happen.

How we can attract investor now to pour their cash into bitcoin to make the price of bitcoin hit $20k?
I think it would be possible this year but not that easy and we need more effort and patient.