Bitcoin Price Will it Change or Stay the Same?

CryptoGuru Level X³

2

September 30, 2016, 7:30 pm

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Bitcoin Price Will it Change or Stay the Same?

In the past few weeks Bitcoin price has remained in the 600 range for the most part. I Believe that the price of Bitcoin is going to go up 30% in the next 3 months why do i believe that? Well lets take a look at history in the chart below:




If you take a look at the chart last time the price remained the same before a sharp increase was April 22nd to May 30th to June 9th then the price increased by 30% roughly. Although the price soon dropped In June then again in august the price has slowly been creeping back up and now has been at the 600 mark for weeks. do you see the pattern? If you check history its obvious that we are looking at a HUGE increase here in Bitcoin, LTC, PPC, in a few others here in the coming weeks. Now is the time to buy Bitcoin and hold onto it for a few weeks and you will see what im talking about!

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Cristian

Deutsche Bank is having big problems at the moment, and this may be the number one bank in the entire world, one of those "too big to fail" banks, it's so big that the German government would be unable to bail it out.

Anyways in times like this, of uncertainty in the banking system that is contagious and will also affect stock prices, gold and cryptocurrencies will always go up, people see them as "refuge" for their money and earnings when everything else is loosing money. So yeah I agree with the chart above, bitcoin has big chances to spike up in the next few weeks.

1 8 years ago

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CryptoGuru

Yes i read about the Deutsche bank collapsing, This is good for Bitcoin. The more problems we have with banks the more bailouts they have it just makes Bitcoin stronger overall as a crypto currency. Everyone who is anyone is worried about the banks of government being able to seize freeze any account they want. If this bank collapses what happens to every ones money? This is the uncertainty that makes Bitcoin stronger year by year nobody can take your money if its in Bitcoin its virtually impossible especially if you have a cold storage wallet. I Just read something about Kim Dot Com the creator of mega upload and Billionaire saying that Bitcoin price will be in the 2000 range within the next 2 years. I Currently do Bitcoin mining and some trading i hope to one day integrate Investment opportunities rite here on seoclerks. anything can happen so we will see lol. Thank you for your comment.

0 8 years ago

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Cristian

"If this bank collapses"

Let's hope it doesn't, Deutsche Bank it would be almost economic armageddon, everyone will suffer and the crisis that would be born from this will be many times greater than the one Lehman Brothers started back in 2008.

I'm pretty sure in such a case people will invest in gold, its the only logical way to go.

0 8 years ago

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CryptoGuru

I Think if this bank collapses Bitcoin will become stronger. You cannot spend gold its an asset rather than a currency. Digital currency is the wave of the future My friend when banks where sanctioned is Russia the price of Bitcoin was not affected much. UK broke apart Bitcoin Survived, but those are not the only points you have to realize a Bitcoin wallet is a bank. Banks collapsing and the financial system being ruined is the reason this was invented in 2008. The more the system falls apart the more trust people will have is crypto currencies as a whole. Thank You for your comment and insight on this i really appreciate it.

0 8 years ago

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RaduV

jkeyz2 remember what happened when Lehman Brothers had collapsed in 2008. I know that for Bitcoin miners it may look like a good opportunity but think a bit at a larger scale. Something that has variation of 200-300$ per unit, as Bitcoin had, is not something appealing for many investors. At least i wouldn't consider it in the nearest future. I know I might sound too blunt minded but when you talk about the risks you have to be a bit carefull.

0 8 years ago

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Lynne

Oh that is interesting. my hubby was interested in investing a while back.. well he tried online trading until he lost a bit of money lol. I am sure he will find this Bitcoin stuff very interesting.

Please keep us updated Jkeyz2. Oh and maybe you want to write a tutorial on how to mine Bitcoin. I know you gave some pointers and info and you gave us a pic of your computer setup but I would love to know exactly how it is mined.

0 8 years ago

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CryptoGuru

If i have time to write it today i will i have a hectic day ahead of me lol! Please make sure to stay tuned because i will have a few topics on this and trading and how to properly trade Bitcoin. Ofcourse this is just based on knowledge and i tell people to just use this as a guideline. If your husband gets back into trading cryptocurrency would be perfect its very simple to understand and learn. I always tell people to start small most trading costs are lower than stocks.

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danigo

I thought it will changed or improve by it is time, it is quite unique payment processor and well known very rapidly, i don't know maybe it is a newly but so far many country are disagree to uses it as payment processor likes indonesia,china, etc
but singapore , it has atm which are we can debit our money into our btc wallet, but the prices are quite too different

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CryptoGuru

China owns 40% of the mining i know some kind f trading is going on in China. Canada also has Bitcoin ATM along with the USA. I dont understand what you mean by the prices are different, if you mean they change all the time yes they do.

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Corzhens

I am not into Bitcoins or any other crypto currency but my take on any commodity in the market is the fluctuating price or value that is dictated by the market forces. It is always the law of supply and demand that will control the value of the Bitcoin which means the price will not stabilize if the market is dynamic with the buyers and sellers. But that market condition is better than one that stagnates with the price not moving for a long time.

0 6 years ago

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