Will Bitcoin Reach $10,000 by December 2017?
Bitcoin Is Magic and most people don't believe it until they see it
Image credit: Pixabay
Will Bitcoin Reach $10,000 by December 2017?
Over the last year, the price of Bitcoin has reached new heights. Many people never believed that it could go beyond $30,000.
But the last three months proved not only me but almost every person who thought that the price rise was just a fluke.
Many people started to invest in Bitcoin only after they saw the unbelievable price increase. What I believe is that the media is the biggest reason why Bitcoin is growing. Since the last few months, almost every top media house in the world has been talking about Bitcoin.
People who use to invest in Share Market now are pouring out their money in this crypto currency. A lot of these people do not know what Bitcoin is. I have asked a few people around me about what actually they think Bitcoin is all about and not many of them know.
Some companies are promoting their own cryptocurrencies in the guise of Bitcoin and selling them in some lucrative looking MLM program. The strange thing is that the general public is investing in them and hoping to make a huge profit.
As of now, there are at least 2-5 cryptocurrencies that are being floated around and sold in MLM programs. Although these MLM programs are reaching a broad audience and possibly teaching people, I feel that this kind of MLM programs end up in becoming scams and bring a bad name to Bitcoin and all the crypto currencies.
If you want to check Live Bitcoin Price then do visit CoinCap.io
It will hit 15,000 this year. I would say within the next two months it will hit 10,000.
That will be awesome, and right now it is still unbelievable, but we never thought it would be so close to $5,000. A few years ago I never thought that it would go as high as it is now, Bitcoin always surprises us.
I am sure it will hit $7000 by the end of September.
!originalworks
@OriginalWorks Mention Bot activated by @imransoudagar. The @OriginalWorks bot has determined this post by @imransoudagar to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
For more information, Click Here!
I think Bitcoin will reach $10K mark by the end of November. But no one can be sure of where the prices will go.
Let's wait and see. :)
It is fascinating how bitcoin has become a store of value instead of a currency. Why would I spend my bitcoins if it keeps gaining value. Crypto's fungibility seems to be dead.
I totally agree, and if it were some other currencies say Fiat or Gold money it would have been long forgotten. I wonder how many people actually use Bitcoin as a currency? I had hardly used it a few times but hoarded it whenever I could buy it.
Great post!!! If you are interested in cryptocurrency I suggest you follow my blog. Cheers :)
I think price could go further parabolic from here. Slowly but surely. Mind you, I mean parabolic on a logarithmic chart. So more than exponential. The new 2013 bubble. Hold on tight.
Hodling tight. I am optimistic about the price rise and yeah, it might burst aswell, but you never know.
The entire crypto world is starting to get funded...the big money is only started to creep in. If the media coverage continues through October like it is now, we will see a run at the end of the year like you wouldnt believe. The money managers get desperate to show a return by that time of the year (if they havent which is likely since most havent made any money since March)....crypto offers them a place to generate a return quickly.
Yes, I am seeing a lot of money managers and investment firms investing in crypto. Since the Brxit and the US election the share market is stagnant and almost no one has many any significant money. And it’s almost the end of the year, and everyone needs to book some profit.
Investment bloggers and YouTubers who were afraid of the crypto market are now slowly easing up and trying to promote crypto as an alternative investment strategy.
BTC $100,000k in the next 5 years!!!
Not sure that would happen, but I am saving all my bitcoins for that day to come.
I think BTC going to 5000$, may be tomorrow?It great opportunity don't lose it, on bitmex you can trade bitcoin contract features a high leverage of up to 100x.Users who have signed up with my affiliate link will receive a 10% fee discount, -0.025% (Maker) 0.075% (Taker).
https://www.bitmex.com/register/HJfZyC
It simple, try it now!
Will check it out for sure. :)
And I am sure it will reach $5000 by the end of the week.