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Re: Bitcoin hits $1,600 and one investor says it could rally to $4,000 in few months
by
Remnant503
on 11/05/2017, 15:28:28 UTC
Quote from: taxmanmt5 on May 11, 2017, 02:58:52 PM
Quote from: Remnant503 on May 11, 2017, 02:39:40 PM
The price is gone up to more than $1850 and keeps going $100 / day! Where is that correction then that they are saying will happen?

We are very very near to 2000$ now. If its keep on going at the same pace, bitcoin will reach 4000$ in a few months. I am just surprised where we are heading in terms of bitcoin price ?

Maybe but its scary!
You heard the saying "What goes up must come down"?
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Re: Bitcoin hits $1,600 and one investor says it could rally to $4,000 in few months
by
Remnant503
on 11/05/2017, 14:39:40 UTC
The price is gone up to more than $1850 and keeps going $100 / day! Where is that correction then that they are saying will happen?
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Topic
Board Speculation
Re: Bitcoin hits $1,600 and one investor says it could rally to $4,000 in few months
by
Remnant503
on 10/05/2017, 12:40:40 UTC
Quote from: bikbik2 on May 10, 2017, 04:58:10 AM
Quote from: batang_bitcoin on May 10, 2017, 04:29:16 AM
I was just thinking about that this year will end up to $1,500 but it was still too early. And after the first quarter of this year we saw the price went up to $1,600 and now at $1,700+ I would not say that $4,000 this year is impossible because the market is becoming bigger but it will take time before crossing that mark.
Until the end of the year, the market may still explode and the price of 4k dollars may not be the limit, if we look at the growth rate.

As I understand Bitcoin price is increasing because its become harder to obtain, but at the end of the day it is just a means of transferring payments electronicaly. So why don't people simply switch to any of the other Altcoins instead of keep pumping the value of Bitcoin?
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Re: Bitcoin hits $1,600 and one investor says it could rally to $4,000 in few months
by
Remnant503
on 09/05/2017, 23:28:39 UTC
Quote
http://www.c[Suspicious link removed]m/2017/05/08/bitcoin-price-hits-record-high-and-4000-is-ahead-investor-says.html

Many thanks for this link. It was quite informative. I understand now that there are multiple factors affecting the price, but its generally good news for the future. Except if the US Gov decided to make it illegal I guess we will have to go to Japan then or maybe nothing will change then?

I would really appreciate any clarifications on the following if possible:

1- In the video they said last year they cut off half of the quantity of BTC to prevent inflation. Who controls that and what happens when they release it back again on the market. Would the price drops back again?
2- It also mentions about the last month's change in the technology code of LiteCoin so it became faster in transactions. How does that affect BitCoin and is it possible to implement the same fast technology as LiteCoin?
3- How likely will a pullback in the price happens? Is it possible for it not to happen and the price continue going up?

Thanks.

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Topic
Board Speculation
Re: Bitcoin hits $1,600 and one investor says it could rally to $4,000 in few months
by
Remnant503
on 09/05/2017, 19:22:16 UTC
Hello everyone,
I just joined this wonderful forum because I found the conversations are very interesting. I have been studying BTC for quite a while and finding the latest price increase is simply nuts! Why is it going up so much so fast? Anyone got a sensible answer?