Post
Topic
Board Speculation
Re: bitcoin prices going up to 9.3k$?
by
wodebutterfly
on 22/06/2018, 23:02:15 UTC
I would say it is highly possible in the long run, but it mainly depends on what you expect or if you still have faith in BTC. One thing the support the BTC price is its mining cost which is around $6000-7000 based on some report, and the other thing is its relatively limited supply and the high demand! So in the long run, I do think BTC will rally up to around 10000 US dollars, but as how long will it take to reach this level, it is pretty much unpredictable as the price is under the influence of so many factors. And the other thing is the uncertain regulation policies with the Chinese ban on ICO as an example. So if you are seeing it in a long run, BTC price will definitely back to its increasing path again, but if you want to make some quick money, the current market may be pretty risky!