BITCOIN DEAD ¿?

BTC just reached near 8K price.

Here are few price projections by end of consecutive years. This is the minimum expected price by end of each year and can go even higher:
1. 2018----------30,000 USD/BTC
2. 2019-----------80,000 USD/BTC
3. 2020------------1,50,000 USD/BTC

Hi @leo23 ,

Interested to know what impact you think the fork next week will have on BTC?

Thanks

Rustyiron posted:
Hi @leo23 ,

Interested to know what impact you think the fork next week will have on BTC?

Thanks

The hard fork has been already cancelled due to lack of consensus and that is the reason yesterday the BTC price just shoot up to 7900 USD quickly and then, fell back again.

So there will not be any Bitcoin fork as per the previous plan which was supposed to happen next week.

So now I expect the BTC price to move steadily to go up as usual until some big negative news events come to the picture. I expect the price to go as high as 9K by end of this year. But next year the price will increase much faster rate.

Obviously, there can be multiple hard forks happening in the coming future within next 1 to 2 years before my price predictions come true.

Unless some dictatorship in your area gets enough power to ban it from the local nets. Bitcoin is only the first to democratize monetary value. There's many others and they are here to stay. Even central banks are listening no matter what they say publicly, they will want their own blockchain.

I wouldn't call the Indian government a dictatorship, but they are planning on closing the local cryptocurrency exchanges in an attempt to curb money laundering. (https://www.forexbrokerz.com/news/India-to-crack-down-on-local-bitcoin-exchanges)
It is worth noting that the authorities in China – the largest cryptocurrency market in the world – have taken similar measures and have ordered the local exchanges to cease their activities and banned trading between altcoins and the CNY in an attempt to impose tighter control on the national currency movements and price.
The South Korean authorities are mulling similar measures and have already issued a ban on initial coin offerings (ICOs).

leo23 posted:

Rustyiron posted:
Hi @leo23 ,

Interested to know what impact you think the fork next week will have on BTC?

Thanks

The hard fork has been already cancelled due to lack of consensus and that is the reason yesterday the BTC price just shoot up to 7900 USD quickly and then, fell back again.

So there will not be any Bitcoin fork as per the previous plan which was supposed to happen next week.

So now I expect the BTC price to move steadily to go up as usual until some big negative news events come to the picture. I expect the price to go as high as 9K by end of this year. But next year the price will increase much faster rate.

Obviously, there can be multiple hard forks happening in the coming future within next 1 to 2 years before my price predictions come true.

 Bitcoin is somethING i JUST STARTED to trade this week. However the lack of movement is very very bother sum and even on a 800 usd drop in price you won't make much. I think one should stick to the good ole forex instruments, but FBS does offer Bitcoin!.

It is absurd to think that the BTC is bad, we would have to ask ourselves if Forex is bad, or money is bad ... it is more of an opportunity to save and multiply money. I love working with cryptocurrencies.

I wouldn't say it is dead, but it isn't worth trading. It made a fresh high last week and within 15 mins of doing is, it dropped 800usd. Then the next 48 trading hours Bitcoin stayed flat and then kept dropping! Clearly most people will be buying the dips and we might just very well see 5000 on bitcoin before christmas to kill everyone trading over 4:1 leverage!

An update on the situation in India - S. Ganesh Kumar, a director of the Reserve Bank of India (RBI), the country’s c-bank and main financial regulator, said that the country would not recognize the Bitcoin or any other cryptocurrency as a legal tender.
“Our current position on bitcoins is that we will not be using it for any payments and settlements…though the technology underlying crypto-currencies will not end”, said Kumar at a banking conference in Mumbai, quoted by local media. (https://www.forexbrokerz.com/news/India-upholds-hostile-stance-on-Bitcoin) According to other reports, it became clear that even though not banning bitcoin and the other cryptocurrencies altogether, anyone using, dealing and trading in those instruments will be doing so at their own risk.

So the news that they were banning the exchanges was just hot air from the authorities to scare people? I am sure that the people trading bitcoin know they’re not properly regulated.

I think bitcoin will be alive for a long time. And maybe cryptocurrencys will become a beginning of the future monetary system.

rodragon posted:

Bitcoin is dead?

I believe that it is growing and when something this big continues to grow and has ups and downs, success comes soon. I do not think he's dead at all.

'Growing' is an understatement when it comes to Bitcoin. This cryptocurrency has practically been erupting lately.

mlawson71 posted:
'Growing' is an understatement when it comes to Bitcoin. This cryptocurrency has practically been erupting lately.

 The most interesting part about BITCOIN is that it has the same exact formations we trade in currency. I have been trading it heavy the last 48 hours!

mlawson71 posted:
'Growing' is an understatement when it comes to Bitcoin. This cryptocurrency has practically been erupting lately.

Right now, it’s around 7K; actually last 3 months of the 2017 was so amazing for the buyers! But then, sellers are dominating here.

AmDiab posted:

mlawson71 posted:
'Growing' is an understatement when it comes to Bitcoin. This cryptocurrency has practically been erupting lately.

Right now, it’s around 7K; actually last 3 months of the 2017 was so amazing for the buyers! But then, sellers are dominating here.

Well, yes, back in the beginning of December 2017 Bitcoin was most popular. Now, not so much.

rodragon posted:

Bitcoin is dead?

No Bitcoin not dead, and I hope at the end of 2018 bitcoin hit $15,000 - $20,000

There are predictions bitcoin will reach 60,000 soon and 240,000 in 10 years...

togr posted:
There are predictions bitcoin will reach 60,000 soon and 240,000 in 10 years...

Are you being sarcastic? Or is that for real?

Scotty888 posted:

togr posted:
There are predictions bitcoin will reach 60,000 soon and 240,000 in 10 years...

Are you being sarcastic? Or is that for real?

No, that's real. Actually these are predictions about bitcoin, not his personal opinion.