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Bitcoin price: quo vadis

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knircky

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Location: Philadelphia PA

Hi Guys,

what do you think the bitcoin price will do.

I have several view on the topic.

First and most important technically: Looking at the daily price of BTC and checking out any trends and MA i can see nothing positive and expect the price to go only down from here. https://www.tradingview.com/e/RcRXceUb/

Value: this is a hard one and difficult to quantify but my belly tells me that BTC currently is relatively fairly priced given its publicity but also limited use for consumers. I feel we either need some application that is useful to drive adoption or something new to take over the bitcoin Nr1 spot by providing such value.

Longterm I cannot imagine that blockchain tech is not going to have a huge impact on the world however i don't know if it will be bitcoin or some other version of it.

So while very bullish in the very long term its hard to not see the price go down toward 200-300 at this time. However i am surprised it is taking so long and maybe it finding some technical foundation.

At this time I am in a wait and see type of mode.

What do you think will the price do?

Posted on September 15, 2014 at 7:52 PM

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• chewi

  

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  Location: Brest, Belarus

  I'm bullish about bitcoin till end the year.

  Posted on September 15, 2014 at 8:22 PM
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• knircky

  

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  Location: Philadelphia PA

  @chewi I'm bullish about bitcoin till end the year.

  Can you explain why?

  Posted on September 17, 2014 at 7:35 PM
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• phillert

  

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  I think that all the companies starting to accept bitcoin is driving the price down, constant sell orders! The price will only go down as far as demand starts to rise. I believe once more and more people start believing in bitcoin, then the price should stabilize and slowly start to rise.

  If you want my guess on where the price will be, I think it will stay between 500$-600$ until next year.

  Posted on September 17, 2014 at 11:51 PM
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• asdolino

  

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  If ETF will be approved by the end of this year, this will be one of the best period of bitcoin's life.

  Posted on September 18, 2014 at 12:04 AM
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• knircky

  

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  Posts: 90
  Location: Philadelphia PA

  @phillert I think that all the companies starting to accept bitcoin is driving the price down, constant sell orders! The price will only go down as far as demand starts to rise. I believe once more and more people start believing in bitcoin, then the price should stabilize and slowly start to rise.

  If you want my guess on where the price will be, I think it will stay between 500$-600$ until next year.

  yes I think so too. currently every time you use and buy things the price is pushed down by that action.

  I see the price going down further until some actual useful application that requires people to buy in will be developed.

  Posted on September 19, 2014 at 10:41 AM
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