2017 what should we expect from Bitcoin?

CryptoGuru Level X³

October 30, 2016, 1:44 am

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This was a great year for Bitcoin. Actually it was the best year Bitcoin has had since 2013. So far i have done well predicting what Bitcoin will do and price movements. I will go ahead and make another prediction. 2017 will be even bigger than 2016 and i will explain a few reasons why.

First reason is i think we will have hyper inflation happen. Why would the price suddenly go up? Few reasons come to mind one of them being that traders are starting to see the value in Bitcoin. People who trade gold consider Bitcoin digital gold. It is true that China leads the way with Bitcoin, but countries like India, and Japan, and some of the middle east are starting to use and trade Bitcoin. Higher trading volume translates into higher Bitcoin price.

Second reason why is because we are very close to the scaling of Bitcoin. I have already mentioned a release date for the possible increase in November but as more people trade, it will have to be scaled even further. Every time this happens an increase will occur. Scaling is vital to Bitcoin growth and i think 2017 will be the year they accomplish greatness. What does history tell us? What do you think about this?

As always thank you for reading please don't forget to follow me and like the topic.

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Lynne

Lynne

Jkeyz2 I have been watching all your posts with great interest and you certainly know what you are talking about. I remember about 2 weeks back you spoke about how the Bitcoin is going to jump up in value very soon and it did. When you say that is when I decided to open a virtual account with eToro just to see how much money I would have made if I invested $50 and I would have made an extra $20 in the last week or two! Not bad at all if you ask me.

I am seriously considering trading now with real money! Keep these Bitcoin updates coming!

10 years ago

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CryptoGuru

CryptoGuru

I think that your like me and you can be successful at anything you do with a little trial and error. I went rite in with real money and i have been able to turn a profit i don't recommend this for everyone. If you are having success With e Toro demo trading then i would say wait a full month and then invest your real money. Some people go as long as 3-6 months before they start for real. What exactly are you trading Bitcoin or stocks? Sounds like im going to have to take some tips from you as well lol! i was able to make 50% almost but it took me like a month!

When it comes to Bitcoin news im all over it. I read multiple articles a day and i also chat within the chat room on the trading site. These guys give away secrets and what they feel is going to happen in the market or on the current candle whatever. currently Bitcoin is showing bullish form and we may see a rally soon here way past 700 into the 800 range. Stay sharp because i will keep everyone informed and those of you who who want to invest i will do my best to help you make money.

10 years ago

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Cristian

Cristian

I have a question, are there any massive bitcoin holders out there? What happens if some of the decide to cash out everything when bitcoin has a huge spike in the future?

Have you ever considered cashing out all your bitcoins at some point? I know this might sounds stupid to do when bitcoin is slowly becoming a great alternative and basically is reinventing money, but is there any possibility of bicoin crash if the big players simultaneously cash out, how exactly do you cash out? You need to find sellers for all those bitcoins?

10 years ago

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CryptoGuru

CryptoGuru

When it comes to the big fish in Bitcoin and other crypto currencies cashing out all or every Bitcoin is just never a thought. All of the big boys will cash out at most 50% of the total earnings. Would i cash out all my Bitcoins at any point? Probably not because as i have mentioned in previous posts the fiat cash is falling. Yuan is falling and soon US Dollar will take a fall here. What happens if someone cashes out and how do you find buyers? The answer is rather simple to this question, a big cash out means market value will drop that is a prime time to invest. Who buys this coin? Well many people will set a buy at a certain price and if the big guy decides to cash out he will have to take the highest selling price that people are offering and those people will purchase the coin from the exchange site. If your not trading and you just want to cash out you can use sites like localbitcoins.com. The other site that you can use is Coinbase to cash your coins out into your bank. In this case Coinbase purchases the coin from you. Some exchanges offer cash out via wire transfer but its expensive and it requires all kind of identity authentication.

10 years ago

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Barida

Barida

Yeah, I think it is going to be a great year for bitcoin owners considering the fact that lots of cryptocurrencies will come up and by doing so, it will make the already known bitcoin to become much popular.

9 years ago

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overcast

overcast

I think this year is really good for the bitcoin. It has managed to hit upto 5K USD. And that seems to be going strong. Compared to bitcoin and other crypto currencies. I think this is some good level of performance. And it is surely replacing the gold. So in future I won't be surprised at the way things may change. I guess we have to keep an eye on forks and the new changing currencies. It'd be good to see how people can have valuable gold and other crypto changing the world.

9 years ago

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Corzhens

Corzhens

Pardon me for this negative outlook for the Bitcoin because I am seeing a longer list of crypto currency which means there is a stiffer competition. Let’s admit that crypto currency is not a universal thing yet and there are only few believers compared to the users of credit card and cash much more of Paypal. My point is the number of crypto currency users is small and when the supply grows then the market may slack down.

8 years ago

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