It's unbelievable, at this rate it would go beyond 20K before Christmas!
Do you think bitcoin price will hit $500,000 mark by 2030?
- Started by
- zuga
- Admin 8370
- last active 5 hours ago
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Poll
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Great26.15% (34)
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Slim13.85% (18)
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It will rise but not as much45.38% (59)
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It will crash10.77% (14)
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What's bitcoin?2.31% (3)
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Other ( state what )1.54% (2)
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- Replied by
- JohnnyK
- at Dec 12, 17, 03:02:52 AM
- Forum admin 30868
- last active 1 year ago
bongo wrote:
I just checked on Blockchain, $16,428 . At this rate it might hit $500,000 waaay before 2030.....Just a thought. I saw it move over $1000 in a day! how weird is that?
I read that 1,000 people own 40% of the Bitcoin market. So I guess the exchange rate can be heavily influenced by those people, among other factors.
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- Replied by
- badoost
- at Dec 12, 17, 05:03:59 AM
- Jr. Member 68
- last active 4 years ago
highly speculative where BTC price will go. as Johnmny mentioned there is a small percentage of people owning a large percentage of the market. As hedge fund managers can influence the price in extremely liquid markets such as forex so can the crypto market, contrary to popular belief. A major sell off could cause a landslide in price when heavy investors decide to take profits so dont be fooled into thinking it can just go up all the time. Its been going up consistently so far because people are buying and holding and the big investors love this because price just keeps rising but be warned when the big boys start deciding to take their profits they can wipe out all the little investors very very quickly.
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- Replied by
- bongo
- at Dec 12, 17, 06:45:12 AM
- Super Hero 1840
- last active 5 days ago
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- Replied by
- bongo
- at Dec 15, 17, 07:38:48 AM
- Super Hero 1840
- last active 5 days ago
I used to think there is no way it's ever going to reach $1000. Now I'm feeling pretty stupid! (Also stupid because I didn't sock away a few thousand.... aaaagh don't get me started!!) Anyways, my point is, it really wouldn't surprise me at this point if it DID reach 500K or it didn't.
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- Replied by
- sterzik
- at Dec 17, 17, 07:22:47 AM
- Full Member 122
- last active 8 months ago
dinidu wrote:
I was watching it raising everyday and checking the price. even when it drops from 3000 to 1800. i didnt buy it. I feel soo stupid.
This is normal. Now, if you bought 1600, and bitcoin went down to 600, that would be fun.) -
- Replied by
- bongo
- at Dec 17, 17, 07:58:24 AM
- Super Hero 1840
- last active 5 days ago
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- Replied by
- james jenicek
- at Jan 09, 18, 07:58:51 PM
- Full Member 134
- last active 12 hours ago
I'd like add that there are lots of reasons to invest into Bitcoin but also look into and research what the blockchain truly is and is capable of doing in the near future. With that said, there are lots of altcoins to look at and purchase if possible that will rise in value quickly.
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- Replied by
- JohnnyK
- at Feb 16, 18, 12:32:49 AM
- Forum admin 30868
- last active 1 year ago
Buckle up, the rollercoaster is in motion again! :)
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- Replied by
- zuga
- at Feb 23, 18, 10:30:29 AM
- Admin 8370
- last active 5 hours ago
ok so its been a ruff few days. BTC peaked just over $11,600 on 20th Feb. And then it brokedown taking all other alt coins with it.
Yesterday it hit what it seems like current bottom at $9580 or so only to go back above $10,300 as Im writing these lines.
I think it will try to test the resistance around $10,600 and breakout again. if it fails to do so i would expect it to go down and test $9,500 support again.
If you are trading I would recommend you to read and follow this guy. He seems to have pretty good explanations for market behaviour , but more so his blogs are quite educaitonal. https://www.tradingview.com/u/MagicPoopCannon/ -
- Replied by
- zuga
- at Feb 25, 18, 09:51:52 AM
- Admin 8370
- last active 5 hours ago
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- Replied by
- zuga
- at Feb 28, 18, 10:10:16 AM
- Admin 8370
- last active 5 hours ago
bongo wrote:
I used to think this Bull run was going to go on for a while and now there have been a few speed bumpswell thats the crypto market right there, super volatile, with huge ups and downs. The key is to catch those swings on time and make profit. ( at least what Im trying to do with some limitted success atm but Im still very new to trading )
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- Replied by
- zuga
- at Mar 26, 18, 11:06:20 AM
- Admin 8370
- last active 5 hours ago
for the past couple weeks BTC has been bouncing back and forth ( tween $8-9K ). Since Friday it did not manage to break out $9K, so as a consequence we are now witnessing breakdown with an epic battle to breach below $8K.
So far bulls are holding and not allowing this to happen, so we shall see.
Looks like Feb and March ( so far ) are consolidation months, so more volatility to be expected.... -
- Replied by
- Dog in space
- at May 04, 18, 10:01:38 AM
- Jr. Member 65
- last active 5 years ago
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- Replied by
- zuga
- at May 21, 18, 07:22:00 AM
- Admin 8370
- last active 5 hours ago
BTC currently sitting around $8500. Bulls are trying to push the price to $9K region. If breached with volume we can again see an attempt at $10K..
on a down side it can go below $8K if bulls are not successful.
overall I think we will see an up trend in the weeks and months to come and im betting on it ( literally ).
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- Replied by
- james jenicek
- at May 23, 18, 12:41:25 PM
- Full Member 134
- last active 12 hours ago
Bitcoin is down about 370 today as well as other major crypto's but Bit cash seems to be picking up a little ground right now. This is the time to get in the crypto market. The swings of bitcoin and other majors are easy to spot and pose investment opportunities. You not going to get substantial returns with CD's, Notes, Bonds, or regular bank interest.
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- Replied by
- james jenicek
- at May 23, 18, 12:45:42 PM
- Full Member 134
- last active 12 hours ago
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- Replied by
- zuga
- at May 24, 18, 04:57:21 AM
- Admin 8370
- last active 5 hours ago
so bears managed quite easily to breach below $8000. Lets see if $7000 holds!
i think you are right, a lot of alt coins can be bought cheaply now when the market is bearish short term.
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- Replied by
- sharpe
- at May 28, 18, 04:03:42 PM
- Super Hero 2400
- last active 8 hours ago
zuga wrote:
Hi LCB'ers,
so we all know how volatile this cryptocurrency can be. As of lately it has been on a steady rise ( granted with couple of hiccups ) and its currently sitting at around $1200 for one BTC ( crazy huh? ).
Now please cast your votes whether you think its possible to hit $500,000 as some experts are predicting : https://lcb.org/news/bitcoin-worth-500k-by-2030
LoL, that looked as a proper question back then but after what happened in the last few months it loks redicilous now, isn't it?!
I still have a hold on a few coins but not anything I can't afford to loose if the rate dips even further which looks inevitable these days.
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- Replied by
- zuga
- at Jun 21, 18, 06:50:46 AM
- Admin 8370
- last active 5 hours ago
yeah BTC and alts been on a downtrend ever since mid January. When you think about it, it actually makes sense for price to correct after an insane bull run last year ( and especially in December and early Jan).
What goes up must come down. The real question is where will it bottom and finish the correction. $6K looks like an obvious target, but since we are seeing low volume and not enough new money in the market, the price might test lower range ( $4-5K ) , so ive been told :)what ever you do be smart and dont gamble . If u are a trader, make sure to manage your risk to reward and properly execute your stop losses!
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- Replied by
- zuga
- at Aug 08, 18, 05:13:24 AM
- Admin 8370
- last active 5 hours ago
so everyone thought that the bulls took over ( having in mind that BTC went shy over $8K last month )... but looks like the big whales and market manipulators are back at it again . BTC currently looking weak and sitting at $6500.
Will it bounce back or continue to tank what r your thoughts?
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- Replied by
- JohnnyK
- at Aug 09, 18, 07:41:27 AM
- Forum admin 30868
- last active 1 year ago
zuga wrote:
so everyone thought that the bulls took over ( having in mind that BTC went shy over $8K last month )... but looks like the big whales and market manipulators are back at it again . BTC currently looking weak and sitting at $6500.
Will it bounce back or continue to tank what r your thoughts?
I don't know what to expect from the crypto market, I have decided not to invest any more into it for now. However, I'll keep whatever cryptos I have for now and I probably won't sell them any time soon either.
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- Replied by
- Babagucci
- at Sep 19, 18, 03:38:36 PM
- Sr. Newbie 33
- last active 1 month ago
I don't ever see bitcoin going that high unfortunetely, but don't get me wrong I am a huge supporter for Bitcoin and many other Cryptocurrencies. If Bitcoin was to get as high as $500,000 it's a damn good thing btc goes back to 8 decimals or else no one would be able to afford it lol. Imagine thought if you were holding 10 bitcoin and it hit a million and just kept rising never stopping. Sorry i just woke up out of my dream, where was I. Bitcoin and cryptocurrency will do great things for us in the near future. It's actually looking positive that we will get our first Bitcoin ETF any day now and if that happens, you just might see the price fly to the moon.
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- Replied by
- mamagotit
- at Nov 09, 18, 10:38:14 PM
- Full Member 183
- last active 3 years ago
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- Replied by
- Eknarin Thuriwan
- at Nov 18, 18, 11:35:18 PM
- Sr. Member 331
- last active 1 day ago
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- Replied by
- JohnnyK
- at Nov 22, 18, 12:22:54 AM
- Forum admin 30868
- last active 1 year ago
Indeed. I'd be very happy if it would get back to USD 10,000 at this point :)
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- Replied by
- bongo
- at Dec 11, 18, 10:04:53 AM
- Super Hero 1840
- last active 5 days ago
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- Replied by
- whynot
- at Feb 28, 19, 08:16:04 AM
- Newbie 5
- last active 4 years ago
Not really, Bitcoin needs to retract to lower values every time it hits an ATH.
This sideways run should last for a year or 2, I doubt there will be a return to 10k before late 2020 or early 2021. Also whales use that to buy more Bitcoins, so they can make even more money in the next bull run. And they do control the price movement with their big volume trades already, which makes these big drops in value a great tool to scare people who have much to lose and panick sell at this point, with big loses. If you take a good look at the stock market, same thing is repeating, whales making money of panick sells.
Bitcoin is here for the long run, as it won't disappear or whatever, and it is already widely accepted and used in high enough volumes. People doubted Bitcoins when I first bought some in 2014. I made money, they doubted it when I re-bought, same thing, and it happened once again. It will go on as it is a coordinated action to make big money, as much as it doesn't look like that from the outside.
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