BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
931 views
8
931 7
please baby!
A bit optimistic I think...
Reply
BRRD DanNorman90
@DanNorman90, I'm not so sure. I think the spike will be most similar to the first spike of 2013, given certain factors namely:

1. Coming out of a long bear market (the second long bear market for Bitcoin, akin to July 2011 - Jan 2013).

2. Several months after the latest "halving" (when miner rewards are cut in half). The last halving was in November 2012.
Reply
BRRD BRRD
In which case somewhere around $ 8 - 10 k is a reasonable target I think.
Reply
@BRRD, let's hope so!
+1 Reply
BRRD DanNorman90
@DanNorman90, another contributing factor this time around is altcoins. These markets only really started gaining major pace in 2014, when Bitcoin was already beginning it's huge bear market no.2

This time around very significant numbers of Bitcoin buyers are then using Bitcoin to buy altcoins... which are then being moved into other altcoins by altcoin traders. With some altcoin projects gaining major kudos the new hodlers are in altcoins. These cycles lock up Bitcoin in altcoin trading... further reducing supply in fiat markets. I think this shouldn't be underestimated.
Reply
@BRRD, what sort if time frame do you think will reach 5k?
Reply
BRRD DanNorman90
@DanNorman90 on 8 or 9 June.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out