Bitcoin Price Thread

HolyGrailSeeker said:
While I think it will probably be lacklustre for most of 2019. I don't think it will take years for a bull run.

For bottom of bitcoin, we probably have already hit it at 3k. Possibly could head lower to 2kish but I really dont see any lower than that. 2nd half of 2019 should see most coins picking up steam.

As to when it will be 20k again. 2020 is a strong possibility with btc halvening. I could see another euphoric run in 2021 with btc possibly hitting 100k.
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It's definitely possible and anything can happen because nobody really knows what the market is going to do. There is a lot of fear and doubt going on right now as you can tell by some of the comments in here from people who have no idea what's going to happen, or have any idea about how Bitcoin works.

When you read news articles about companies finding ways to impliment it in their technology, and people finding more uses for it, now wall street wanting a piece of the action. And when it goes back up, all these people spreading fear and doubt will probably jump on board and help it go even higher...
 
maxinger said:
Bitcoin trading in crisis-stricken Venezuela has just hit an all-time high
  • The amount of bitcoin traded in crisis-stricken Venezuela has exploded to reach an all-time high.
  • In the last week, the amount of Bitcoin traded in the oil-rich, but cash-poor, country has soared by 30 percent to 2,454 bitcoins, according to crypto data tracker Coin Dance
Sam Meredith | @smeredith19
Published 2 Hours Ago


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quite scary. sooo many cases of stolen bitcoin.
also businessmen could simply create more coins to meet demand.
so price could be suppressed.
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If you store your bitcoin in a cold wallet and dont reveal your private keys. Theres no way it will be stolen.

Also, bitcoins cannot be created. Maximum is 21 million, but many has been lost since the early days. Possibly a few million lost. Yes, people can create other coins but it isn't bitcoin so it won't affect bitcoin's price.
 
RedDuke said:
Such a rosy and wishful thinking. More and more news come out that BTC is manipulated POS. Remove fake USDT and BTC will crush. Good luck finding more fools to fall for it again.

Totally agree that block chain technology has a bright future.
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If you remove USDT. BTC prices will shoot to the moon. Since the most common USDT pairing is BTC/USDT pairing. This has happened in a minor way before.
dozu888 said:
3k maybe the 'value bottom'... but can easily over-shoot to 2k as an 'panic bottom'... too thin, too centralized, too easy to manipulate.

how long did it take for nasdaq to reclaim the 5000 peak? 17 years? that that was an inevitable recovery backed by profit growth.

I'd say the recovery of cryptos maybe inevitable as block chain is a legit technology, but any individual coin can go to zero, btc is no exception.

2020/2021 recovery is way too soon... people are still hopeful... small speculators are still holding on... the chips have not been consolidated by the big players... that is not the condition for a new run.

look at gold? remember the mania? how long has it been dead?

btc was touted as the digital gold right :)
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Nasdaq is largely traded in USA. Crypto is worldwide and 24/7. Nasdaq at its peak was worth like 20 trillion inflation adjusted. Whole crypto wasn't even a trillion at its bubble. Right now whole crypto matket cap is so tiny a single company stock like Mcdonalds is even larger. Just one single person, Jeff Bezos can buy up all the cryptos in the world and still be worth billions if he chose to. It won't take 17 years as it won't take much money to move the markets and trigger a bull run. Fundamentally, there are more stuff in the pipelines to get your average people and institutional investors into the space.

My opinion is 2Q 2019 we will be picking up steam and 2020 will be a bullrun which coincides with bitcoin halvening.
 
HolyGrailSeeker said:
If you store your bitcoin in a cold wallet and dont reveal your private keys. Theres no way it will be stolen.

Also, bitcoins cannot be created. Maximum is 21 million, but many has been lost since the early days. Possibly a few million lost. Yes, people can create other coins but it isn't bitcoin so it won't affect bitcoin's price.
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That reminded me of the Canadian exchange boss who went India few weeks ago and 'died' /disappeared or whatever.
No one know about the private key except this boss.
 
"Electricity will be the next barrier. Block reward is too high to support a higher price. The world produces about 20000 TWh per year. At 5 cents per kWh, that would be 1000B to buy all that electricity.

If BTC was 100K, the equivalent of 65.7B worth of electricity would be burned for mining purposes per year. Forget about Skynet, this would be the real threat to humanity. You can't burn 6% of humanity's power and claim this is more efficient than central banks."
 
Pekelo said:
"Electricity will be the next barrier. Block reward is too high to support a higher price. The world produces about 20000 TWh per year. At 5 cents per kWh, that would be 1000B to buy all that electricity.

If BTC was 100K, the equivalent of 65.7B worth of electricity would be burned for mining purposes per year. Forget about Skynet, this would be the real threat to humanity. You can't burn 6% of humanity's power and claim this is more efficient than central banks."
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Solar power....

Let that sink in for a minute...
 
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