IS bitcoin making that mythical rise to $1,200 right now that everyone guarenteed would happen earlier in the year?

717 today so far

i was justthinking about that... every person who was evena casual btc speulator called $1000to $1,2000 or higher like an automatic thing to expect...and i thought "only 2 months left it better hurry up"

look at the chart, it's broken through every single resistance line...it's at a small one right now at $705 but there's more support there than resistance. after that the last test is $780 and it go flying who knows how high/fast/for how long

i wish i had some money to do a tte day trade gamble onthis ..it seems to be moving either now ir very very soon (next few days at most) if it does. https://bitcoinwisdom.com/markets/bitstamp/btcusd


Comments


[27 Points] shadowofashadow:

If anyone "guarantees" anything about the future price of bitcoin it's safe to say you can ignore them.


[6 Points] None:

I remember first hearing about btc in 2010 or 2011 its scary how much its grown. And I'm angry I didn't invest early on


[5 Points] NignogAwowogei:

I know a friend who introduced me to dnms in 2012, he invested into bitcoins before that and over the few months back then maybe a year he went from a poor party boy to a rich party junkie, he lost all the money gambling and buying bulks locally trying to flip but it didnt work, still he made alot of money and lived like a king for two years, dont know details how much he made but it was alot.


[2 Points] throwawayk5zq47j6wd3:

For real, I remember when it was just trying to stay round 600 and next thing I know it's up 100.

I wish I had 100,000 to invest...


[2 Points] None:

I would make the argument that long term investing in BTC is a very very smart choice. So investing some extra cash and holding for a few years should return decent dividends.

If you think of supply and demand, BTC has a finite amount of supply that is predetermined. Demand is steady for right now and thus as supply drops and demand continually rises, price should increase (on average) indefinitely, unless something catastrophic happens or governments (somehow) centralize BTC.

However, I'm no economics savant, so take this with a grain of salt.


[1 Points] nu2un:

Well now it's back to 696, so people may be selling it off


[1 Points] MrWhoopass:

Every year people predict random and crazy prices.

Nobody knows what the price will do. Nobody on this planet.

And obviously the people who predict high prices are all sitting on some coins and hope to get rich without working.


[1 Points] None:

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[1 Points] Killmorecords:

Prices are dictated on policy and legislation the spikes are usually a result of China or Russia, or companies introducing it as a form of payment. Supply and demand is key with Bitcoin, the supply curve is stable/predictable in its shift to the right but demand is what really dictates price


[0 Points] None:

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