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Will Bitcoin Price Raise Again??

Discussion in 'CryptoCurrency' started by JuggernautJukey, Feb 12, 2014.

  1. JuggernautJukey

    JuggernautJukey BANNED BANNED

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    Instead of buying Bitcoins, I decided to trade them, and used a higher leverage so I can get more bang for my buck. I bought them at $581.42

    Will the price rise again?

    If the price shoots back up to $1000 per bitcoin, then I will be looking at several thousand £££ from a small investment!

    Whats your predictions?
     
  2. SkyrocketSEO

    SkyrocketSEO Jr. VIP Jr. VIP Premium Member

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    No, but Dogecoin will.
     
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  3. Shadexpwn

    Shadexpwn Jr. VIP Jr. VIP

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    Bitcoins rose to an all time high in the past couple of months due to publicity. It is always possible for the prices to rise again and even be higher if the demand will come back. It's just a matter of time that mining won't be an option because all the coins would be in circulation. I wouldn't get your hopes up because that won't happen for awhile. Hold them for a few years and maybe you will see a positive return. You should have sold out when they were the hottest thing on earth.

    Shadexpwn
     
  4. Elliot305

    Elliot305 Jr. VIP Jr. VIP

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    ^ This...although I am a little bit biased :)
     
  5. bukake

    bukake Newbie

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    it will come time when more countiries will block it and it will fall down a lot.
     
  6. HerpDerpSlerp

    HerpDerpSlerp Power Member

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    you are better off trading alt coins based on the price of bitcoin. You are still not too late to get into the dogecoin race. With bitcoin at a low trading average you should see dogecoin jump up another 100 points. Doge is also the only coin (besides litecoin) with enough liquidity within the market.

    Don't trade coins with little to no movement like coin "42" and Lotterycoin
     
  7. Tyrannis

    Tyrannis Regular Member

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    I don't think Bitcoin, in our present time is a good investment. Governments don't look favorably upon Bitcoin, and one major country (USA, Britain) outlawing BTC will cause a MAJOR fall.
     
  8. stacy666

    stacy666 Junior Member

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    People still use Bitcoins in 2014? I heard that if you try to travel by time machine into the stone age people still use Bitcoins to buy stuff there.

    Everyone uses DogeCoin now!

    :dog_walk1
     
  9. starvinmarvin14

    starvinmarvin14 Regular Member

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    The price is falling right now because of Mtgox. After that bullshit is over with, the price should rise again.
     
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  10. iglow

    iglow Elite Member

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  11. oxonbeef

    oxonbeef BANNED BANNED

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    Anywhere you can short digital currencies?
    As the world recession reaches another cycle people will
    start putting their money back into cash.
    It's the same with gold. People invest in gold in times of crisis and
    cash out after. It will only take one run on bitcoin and it will hit the
    floor.
     
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    Last edited: Feb 12, 2014
  12. JuggernautJukey

    JuggernautJukey BANNED BANNED

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    A lot of the major forex platforms allow you to short digital currencies. I have an account at 2, and both allow you to buy and sell both bitcoin, and litecoin!

     
  13. ibmethatswhoib

    ibmethatswhoib Jr. VIP Jr. VIP Premium Member

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    Dogecoin and Vertcoin is the future...
     
  14. tony_d

    tony_d Elite Member

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    If you look at the fundamental cause behind the drop in price you could logically conclude that it will rise again.
     
  15. dandee0014

    dandee0014 Junior Member

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    Bitcoin will go up in value if it's adopted by the masses and used as currency in more places. A lot of that potential is already baked in, but it's still early in the game.

    In my opinion, Vertcoin has the most upside right now. ASIC-resistant, no pre-mine, and a really strong Reddit community at /r/vertcoin. Way less than 1/1000th of Bitcoin's market cap with stronger fundamentals as a coin.
     
  16. youmakeme

    youmakeme Power Member

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    Look at the primary backer of bitcoin. Alot of them are running illegal trades. And they require a currency like this to facilitate their transactions. In fact, bitcoin is the perfect currency for those that run illegal trades as it allows them to make payment and receive payment easily. With a high demand and limited supplies (bitcoin is limited), do you think prices will get higher?

    Also, Bitcoin is especially useful for countries that impose currency controls like China, Vietnam, just to name a few. There will be strong demand to exchange this currency in return to freedom to moving their money out of the countries. The corrupted Government officials from China will be using Bitcoin as one of the tool to move their money out of China without issues.
     
  17. gtownfunk

    gtownfunk Registered Member

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    There will be challenges that cause price volatility.. as they figure out how to prosecute fraudsters, criminals, etc.. and as they stop being run by MTG people it will get better and better. I think there's a good market to be exploited in the anti-government crowd as well... any fringe industry. As vendors accept BTC the price will go up and up.

    gtownfunk
     
  18. youmakeme

    youmakeme Power Member

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    It is not easy for authority to clamp down ecurrency as compared to fiat currency. This is all government in the world is trying to find a solution to stop people from using it. However they do understand that this is a fruitless attempt as there are simply too many commoners who are fed up with raising inflation and the rich getting richer. Bitcoin will eventually evolve into something different but this seems to be the technology that will stay for the next decades.


     
  19. skinnyboi

    skinnyboi Regular Member

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    Ouch you invested in Bitcoin for $540
     
  20. moonbitee

    moonbitee Junior Member

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    yes it will hit 10k but it will not be the standard crypto currency of the world, it will eventually die off but for the meantime its a great opportunity to make some money, just be sure of be aware of the market at all times so you can cash out before its too late. Anyway i think that LTC its a better option than BTC right now, i predict that LTC will stick around as the official small crypto currency