Quote from: Canis Majoris on April 15, 2018, 01:39:46 PM

Quote from: Kemarit on April 14, 2018, 09:17:00 PM

Quote from: Canis Majoris on April 14, 2018, 07:41:10 PM

Quote from: npredtorch on April 13, 2018, 11:55:38 PM

With this sequence of unexpected pumps, I don't see in any way that bitcoin would not reach another ATH this year. (even it dump back after this low surge pump)

That's unlikely unless someone really big chooses to test waters with crypto. But that's even less likely as the wealthiest investors like Buffett and Soros have already expressed their concerns about the long-term viability and success of cryptocurrencies. On the other hand, there are rumors about the Persian Gulf potentates and moneybags being interested in Bitcoin now that it has been declared compliant with Sharia. Don't know how it is going to play out, though.

Hmmm. That's sounds interesting, but I do believed that they are already in the crypto investment since last year specially around the peak last December. But just maybe the push has something to do with Muslim announcing bitcoin as complaint and not against their religion. But it looks like we are trading sideways now and there are no more money going into the market as of the moment as the price keeps fluctuating in the $7800-$8000 range. Anyways, we should celebrate this early but continue to observe and see how everything pans out.

In fact, it doesn't look like that at all. I mean, no longer. We were trading in a narrow range between 6.6k and 7.3k for quite some time but we have already broken out of that. Right now Bitcoin price is trading around 8.3k, and there is a possibility and it is definitely not negligible that Bitcoin will continue to rise. How much it will rise is another question but myself, I see no particular issues with Bitcoin rising up to 10k at this point.

So much volatility is the main reason that small investors are hesitating to invest their money in bitcoin because they have the fear of losing and they are right. The price changes every minute and it is I think not good. In my opinion the price of bitcoin should gradually increase with the passage of time. Smooth increase will catch the attention of the people.