discuss Bitcoin above $16,000. Where is it headed?

[Arpit131]

Bitcoin is already trading at $16,300+

Where do you think it will cap out?

 

[xynames]

I must admit that XRP has had an impressive rise lately, while most everything else has gone down...BTC to about $13K, litecoin looks like it might fall below $200., iota looks like it might fall below $3., ethereum below $700.

XRP has a 38 billion coin circulation (with something like 99 billion available) though (versus about 16 million bitcoin available at the moment, with 21 million max), once that huge circulation starts swinging against it, I'd imagine it would feel strong resistance. Talk about a pyramid scheme, the creators of XRP are holding well over half of all the coins available, something close to 62% of XRP all in the hands of one entity, which of course they are promising to hold, but still.

 

[gotasale]

Dreamers of bitcoin worth 100k$ or more have already realized that the big bitcoin game is over and they are jumping quickly from coin to coin without logic reasons, but only for speculation

The ripple game will be shorter although ripple can kick bitcoin from first position

Then when ripple equals iota around 4$ , they will jump to iota because number of coins are less or they may jump to cardiano

The money pumping to cryptos is decreasing but when the big whales decide to cash out , big crash will happen to all coins

 

[Premiums]

i would sell your bitcoin/crypto names..

 

[xynames]

Wait and see.

these ups and downs don't mean as much as all that, every time AMZN drops some numbskull comes in and predicts that it is going to zero too, often pointing to unprofitability.

Looking for over $20K in 2018.

https://www.cnbc.com/2017/12/22/fundstrats-tom-lee-says-hes-a-buyer-of-the-bitcoin-pullback.html

 

[urlurl]

or, $5k - everyone is an expert these days

https://www.cnbc.com/2017/12/30/bitcoin-will-trade-under-5000-warns-dennis-gartman.html

 

[xynames]

Well the lowball estimates are coupled with 10x the low, highball estimates. Saying that it will hit $50k but might hit $5k first. Covering all bases.

 

[D Haynes]

Just thought I'd answer the thread titles question....

Down

 

[Keral_Patel]

Yes it is headed towards $6000