Post
Topic
Board Speculation
Re: Bitcoin on the way to $10,000
by
coinplus
on 11/05/2019, 14:21:16 UTC
I used to think that 10 thousand dollars was a big benchmark and it wouldn't happen too quickly but the way we have been going up recently first to break 4200 and reaching above 5 thousand dollars and then breaking that 5600-5800 barriers and reaching all the way above 6.5 thousand dollars, it feels like its quite possible to reach 10 thousand dollars.

All bitcoin needs to do now is continue growing in size (number of people) and we will get there with all the new money coming in seeing bitcoin as a profitable investment once again. There is literally one thing that could stop bitcoin from reaching 10 thousand dollars from now on and that is short futures. As long as rich people see this as a chance and buy a lot of short futures and sell all their crypto to drop the price of bitcoin and profit from it, there is no other way bitcoin would go down.