Quote from: allohm on November 19, 2018, 08:48:49 AM

Quote from: Lmaooo on November 16, 2018, 02:21:08 PM

Well, everybody is expecting the bitcoin price to skyrocket again just like the last year 2017 but instead, the bitcoin is full of surprises. The majority of the people around the world are expecting the bitcoin price to reach $10,000 at least but it is currently going downwards maybe it will fall down to $3000. what is your take on the current bitcoin situation?

IMO the bitcoin price will touch (or go closer) to the previous historical ATH (that is around ~1500), not directly but in due time. reasons for that are several but you may observe that there are several bad politics within the community and some ruthless players. that is before the real gangsters kick in (i.e. wall street in an official way). a lot of "old" capital has to be washed out before starting the new bull cycle again. it may do some temporary stops at 4500-5000 or 3000 but my buys would be set as low as i described. btc is a marathon and not a speed run. also take in mind that a lot of capital that is allocated in many many other non viable coins somehow has to go somewhere. my 2 cents.

The 3 thousand dollar looks a lot more closer right now compared to 10 thousand dollars. I still think both are quite possible considering people who have sold their bitcoins (the hash war dudes on bitcoin cash deal) will stop selling their bitcoins and as soon as the war is over people will see that bitcoin price is going up and when it goes up they will want to get it cheap in order to profit from the rise of the price which may affect the price a bit higher, instead of going back to 6 and a half thousand dollars it may go up to 10 thousand dollars, that's still a possibility.

However I think if this war continues and the volume stays low because of the war and people not wanting to get in during these times the price could go even lower to buy the fuel that allows this war to continue. Which one will happen first all depends on how long this war will go on.