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Bitcoin is getting scarily close to $3K again. WILL IT MAKE IT THIS TIME? by thecryptofiend

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· @thecryptofiend ·
$520.09
Bitcoin is getting scarily close to $3K again. WILL IT MAKE IT THIS TIME?
http://i.imgur.com/SRG6fqz.jpg

<center><h5>$3K Bitcoin Coming Soon?</h5></center>
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<center><h1>Introduction</h1></center>
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![Screenshot 2017-06-11 17.54.31.png](https://steemitimages.com/DQmRgDChjWR7zTkMvafsbHwncqeW1tBuhrxFFMnEKA116mD/Screenshot%202017-06-11%2017.54.31.png)

<h3>Bitcoin almost seemed to reach the 3 thousand dollar mark a few weeks ago but then pulled back and made a significant correction.  Could it be happening for real this time?</h3>

<div class="pull-right">

![ThinkstockPhotos-612022268 (1).jpg](https://steemitimages.com/DQmTrJwnWrpELiPRFWjKiCxgv4kBmsqZmGbV3W2yCiNqYyP/ThinkstockPhotos-612022268%20(1).jpg)
<center>**Could we be celebrating a $3K bitcoin soon.**</center>
</div>    

Personally I think there is a strong possibility it will do it - if not today then sometime this week.  

_Obviously I can't be sure and I have said before that I can't read charts or do technical analysis._

I am thinking more about the rising awareness of bitcoin in particular I have seen from non-crypto people.  Whether it is people asking questions or calling it a scam - it all seems to show a positive rise in the consciousness of non-technical people.

<h3>Every time we break another big boundary bitcoin inevitably gets another boost in the mainstream consciousness and more of the previously skeptical "old money" and skeptical heads start taking notice.</h3>

I personally love to see the smile wiped off the banksters and naysayers faces every time another boundary is broken.  It is almost like you can see them thinking "Oh S*** - I missed out".

The more that happens, the closer we get to taking cryptocurrencies in general mainstream.  

As new money comes into Bitcoin - that increases the potential pot of capital that can go into altcoins like Steem too.

_**What do you think?  Will it happen?  Will it pull back again?**_
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<center><h1>Thank you for reading</h1></center>
___

![ThinkstockPhotos-122517374.jpg](https://steemitimages.com/DQmW7P8dCqfn6zPzhyCpBvDqwjzWoJFFX6AVf5KfVT1VtHL/ThinkstockPhotos-122517374.jpg)
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@aaronhibberd ·
$0.10
I'm in Canada and it just passed $4000 in our dollar, :D we used to be almost equal to USD but have lost 30% of our value, so bitcoin is amazing for me
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@thecryptofiend ·
Yes the pound has sunk recently too.  Just imagine if you were in an economy like Venezuela - I think more and more people are starting to realise how broken the fiat system is and how easily it can fall apart.
👍  
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@alexrickard86 · (edited)
$0.10
I don't think it will pull back again, maybe back down to around $2900 but the pressure is there you can see it building. Once it breaks it I can see it shoot up to around $4000 before we see another correction back to around $3200 then slowly claw it's way back up to around the $3900 mark
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@arcange ·
$0.11
You have been mentionned in my hit-parade of 2017.06.11
Congratulations @thecryptofiend!
Your post was mentioned in my [hit parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-20170611) in the following categories:

* Upvotes - Ranked 10 with 528 upvotes
* Comments - Ranked 5 with 150 comments
👍  , , ,
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@automaton ·
$0.10
It may hit  $5000 before we see a major  pullback...
👍  , ,
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@thecryptofiend ·
Now that would be awesome!
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@automaton ·
$0.10
I believe this current monetary system is at it's end. So Federal Reserve Note price won't matter. What will matter is how many Bitcoin units you own.
👍  , ,
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@avilsd ·
$0.21
And it did it :3 also it's fun to see the exchange rates between ethereum and USD tether!
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@thecryptofiend ·
Did it?  I missed it.
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@movievertigo ·
$0.57
It has on some of the exchanges.
👍  , , ,
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@brianphobos ·
$2.29
It is pretty unbelievable how high this surge is taking Bitcoin and Etherium.  
I also like that all the "experts" who predicted Bitcoin's demise are probably kicking around in the sand pissed off.  Muahhahahhaha
👍  , , , , , , , , , ,
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@bigpeopleareold ·
$0.33
They will still say that it is going to face demise, despite the rise. In a way, there is nothing wrong with that, because a little skepticism does not hurt. It is when the skepticism shows ignorance instead of a rational argument that it becomes an aggravating distraction.

I am invested in Bitcoin because (despite the current issues) I see a future in it. I have not read a strong argument to be a bear yet. I continue to look.
👍  , ,
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@brianphobos ·
I like that.  Continuing to look for a reason to be a bear is a good strategy.
👍  
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@movievertigo ·
$0.47
Took the plunge and converted some of my BTC into ETH recently.  Not sure if it's too late, but hedging my bets!
👍  
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@thecryptofiend ·
That is the best part.  I bet some of them are rushing to quietly buy some.
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@brianphobos ·
$0.11
It is like their secret pleasure.  Having a secret crypto stash. LOL
👍  , , ,
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@englishtchrivy ·
$0.10
my replies' late so I can say hell yeah ^ ^
👍  
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vote details (1)
@carface ·
$0.92
The higher price will inevitably get more interest so if it does fall a lot of people will suddenly say ok cool got an opportunity to jump in, so price wouldnt fall for long.
👍  , ,
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vote details (3)
@thecryptofiend ·
$0.05
Perhaps but people are often illogical and tend to buy when the price is going up instead of on dips.
👍  
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@claytonv ·
$0.10
I say: maybe
👍  ,
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vote details (2)
@cobramovin ·
$0.11
I agree with you, we'll see the $3K mark within days if not today!! This is real :)
👍  , , ,
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@thecryptofiend ·
Today would be awesome but yes I hope so.
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@cobramovin ·
$0.10
Well good call @thecryptofiend!! It happened!! We passed the 3K mark as on http://www.coindesk.com/price/   ...woo hoo
👍  , ,
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vote details (3)
@da-dawn ·
$0.10
Bitcoin=moon!!
👍  , ,
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vote details (3)
@thecryptofiend ·
:)
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@darkerhorse ·
$0.10
i have a feeling it will happen before the cock crows at dawn, $2975 on GDAX.
👍  , ,
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vote details (3)
@thecryptofiend ·
You mean when most of Asia awakes - it is possible!
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@djohan ·
$0.13
off course it will
👍  , , ,
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vote details (4)
@dreamrafa ·
$0.11
already 3k in bittrex...
👍  , , ,
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vote details (4)
@thecryptofiend ·
My feed is currently showing 2944 - may have been a blip.
properties (22)
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@dylanhobalart ·
$0.14
Bitcoin to $3000 please and steem to 100,000 Satoshi!
👍  , , ,
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vote details (4)
@thecryptofiend ·
$0.03
Amen to that:)
👍  
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vote details (1)
@ebenezer ·
$0.10
We are waiting to see great this turn of events
👍  , ,
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vote details (3)
@edje ·
$2.11
I think BTC has a good change to cross the 3k mark. Looking at Polo, only 500BTC to go in open sell contracts + all the sellers that are not listed to go. But I've seen that not as a big resistance at some much small coins than BTC. It is a very psychological mark though. The weekend was again good for BTC, for a lot of Alts a little less good. Wondering what the weekdays will bring again where I suspect more fiat traders may come in with their fiat money. But maybe they also decide to pull out. Time will tell, but the short term cards for 3K mark look good.
👍  , , , ,
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vote details (5)
@movievertigo ·
$0.48
I think it might have already crossed the 3K mark on some of the exchanges.  The average is still below though.
👍  ,
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vote details (2)
@edje ·
Euhmm, Now pulled and still pulling back quite a bit
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@thecryptofiend ·
$0.07
I agree:)
👍  
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vote details (1)
@eight-rad ·
$0.13
I grabbed a bunch of SC, DGB and burst. Guessing once it hits 3k maybe a little after there will be another big crash and recovery. Most would retreat back to fiat to back back the panic sells. Then upto 3.5k to rinse and repeat at 4k. But in the bloodbath hoping some of those shtcoins will catch a wee wave.
👍  , , ,
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@thecryptofiend ·
$0.03
I think it almost inevitably happens around these situations.  There will likely be some dead coins revived too.
👍  
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@elevator09 ·
$0.10
good post, thanks for sharing!
👍  , ,
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@thecryptofiend ·
You're welcome!
👍  
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vote details (1)
@erickjongo ·
$0.99
I believe it will cime to pass this price tag and when it does there's no going back cryptocurrency market will gain upto 20% in market capitalization (around $21 billion)  this will boost top 20 crypto currencies dramatically.

Steem will benefit too an might go for as high as $1.5 billion in market capitalization or $7.5 per Steem.
👍  , , , , , , , , , , , , , , , , , , , , , ,
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@thecryptofiend ·
It certainly could happen!
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@exavier ·
$0.10
I think we will see Bitcoin hit 3000 this time. Bitcoin and cryptos in general are just becoming more and more common. It is almost hard to believe the surge in cryptos but I think things are just getting started.
👍  , ,
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@thecryptofiend ·
Yes me too.  I think it is a matter of momentum.
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@fifthangel ·
$0.10
Yep. Would be really nice to finally stay over 3k
👍  , , ,
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@thecryptofiend ·
Yes for sure.
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@freedomnation ·
$0.95
BTC climbing Mount Everest, one step at a time. :) Everytime it climbs to new high people go frenzy about it. I think it will go much higher than 3k, corrections are natural.
👍  , , , , , , , , , , , , , , , , , , ,
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@thecryptofiend ·
$0.31
Exactly and I think if it hits 3K then 4K will be a lot easier psychologically than 2K was.
👍  
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@freedomnation ·
$0.62
As soon as it got to 1k it's permanent bullish was sealed. Only thing that worries me is the bubble that might happen. Then not only bitcoin but all cryptos will lose value on a grand scale.
👍  , , , , , , , , , , , , , , , , , ,
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@gktown ·
$0.10
3000 is only a significant number to humans. Markets dgaf
👍  , , ,
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@movievertigo ·
$0.46
Also a lot of trading is done in other currencies, so 3K is only significant to the USD traders.
👍  
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@gktown ·
http://uproxx.files.wordpress.com/2013/03/archer-hj.gif?w=650
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@thecryptofiend · (edited)
Markets are composed of humans - even when there are bots those bots are controlled by humans.
👍  
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vote details (1)
@gktown · (edited)
$0.10
Although the aggregate force of the population will overpower things like imaginary number barriers. It depends on the will of the population and this population is the entire ~~gd~~ world. (ie. maybe the chinese want to pass 3000 because its unlucky, who knows)
👍  , ,
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@ilovedietcoke ·
$0.10
It'll be interesting to see where it starts to plateau.
👍  , ,
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@thecryptofiend ·
Hopefully at 3K but as you know there tend to be a lot of sells on these big boundary numbers so it creates a lot of downward pressure.
👍  
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@ilovedietcoke ·
$0.10
I see the upward trend continuing indefinitely.  Even a dip will go back up.
👍  , ,
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@jamhuery ·
$0.10
Maybe the time is coming for bitcoin
👍  , ,
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@thecryptofiend ·
Yes.
👍  
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@jeff001 ·
$0.10
I think it will make, will it stay there though?
👍  , ,
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@thecryptofiend ·
Looks like it did briefly but it has gone down again.
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@jeff001 ·
$0.11
Indeed, only to bounce again.
👍  , ,
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vote details (3)
@jlufer ·
$0.10
Actually this is incredible, but this happening is now quoting in eobot u $ s 2978, I still remember when its value was u $ s 400 and it seemed a lot, I did not have to invest in that moment.
Excellent work as always dear friend @thecryptofiend have a great sunday
👍  , ,
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@thecryptofiend ·
Thank you.  Lol I remember when it was around $30!
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@jubedube ·
$0.10
Really unpredictable at this point - the whales could wait up on Monday and decide it's time for more profit taking. I think we may see another dip, but not as big as it was before, and then it may go up to 3k next week.

That's to say, IF it doesn't just go to 3K.
👍  ,
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@thecryptofiend ·
Yes.   That is kind of what makes it more exciting.
👍  
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@karenb54 ·
$0.84
I'm still not 100% sure about it  as its all so different  too what I am used too :)
👍  , ,
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@kommienezuspadt ·
$0.10
This shit is bananas @thecryptofiend. It was just a few weeks ago that we were freaking out about BTC going over $2K. I picked up some Ethereum for the upcoming EOS IO and that just rolled past $300. It's the Wild West right now. I love it, lol
👍  , ,
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@thecryptofiend ·
Yes and it is natural to be wary I think but it is fun too right now!
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@kti ·
$0.10
It's definitely going to hit $3K!
👍  , ,
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@thecryptofiend ·
Yes that is definite but will it do it in the next few days?
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@kti ·
$0.10
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vote details (3)
@kyriacos ·
$0.10
It's always too late to invest in BTC. 
that's what i tell them
👍  , ,
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@leprechaun ·
$0.10
Steem has gone up quite a bit against bitcoin already.  Inspite of steem's technical features, bitcoin market adoption, is going to push it for a while.  I think the hard fork will be a buy opportunity, however.
👍  , ,
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@thecryptofiend ·
You may be right.
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@lexiconical · (edited)
$0.10
I think it will pierce 3k more convincingly (and possibly longer-term) if we see a pullback first, but anything is possible! I'd like to get more now but I'm nervous right below such a large, round price level.
👍  , ,
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@thecryptofiend ·
Yes for sure it is a big resistance point.  I think there is a strong chance of a break though.
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@louiscpt · (edited)
$1.81
As people lose faith in the currant system what is the alternative Crypto . I am sure Bitcoin will make $3K  a coin now look like pocket change in the not to distant future
👍  , , , ,
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@automaton · (edited)
Funny thing is that everyone compares the Bitcoin price in US Federal Reserve Notes. In the future we will be quoting in Satoshi....
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@louiscpt ·
Interesting though i have not thought of that . The reason why it is compared to the USD is because it is the world reserve currency . When and if the USD is dethroned everything will be compared to the new world reserve currency.
👍  
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@thecryptofiend · (edited)
$0.31
I agree - particularly when you look at failing states like Venezuela - bitcoin and other cryptos are the only option that is left.  With more instability in the world that is only going to get worse and bitcoin etc are going to get more and more use.
👍  
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@malonmar ·
$0.12
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@thecryptofiend ·
I think it is possible this year now - I wouldn't have thought it in last December though.
👍  
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@mithradates ·
$0.10
I hope not. I have an entry in the 3k BTC contest for *tomorrow*.
👍  , ,
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@thecryptofiend ·
Well it might happen tomorrow.  It is hard to say exactly when.
👍  
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@necrophagist ·
$0.10
Old money is practically breaking their necks looking at the charts, but the concept still causes trepidation in many..my day trading friends will not listen..their loss
👍  , ,
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@thecryptofiend ·
Same with some of my more wealthy city friends.  They mock me because they call it a scam.  Eventually they will be rushing to get in too I think.
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@necrophagist ·
$0.10
A lot of them trade penny bios too..talk about a scam haha
👍  , ,
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@nomi2233 ·
$0.10
bitcoin rates will be much later this year? high rate this year end?
👍  , ,
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@thecryptofiend ·
I hope so.
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@nulliusinverba ·
$0.10
Bitcoin will only go up in the long term. At least as far as we can predict with the current circumstances. So even if it makes a ''correction'' again, no problem at all. It's just an opportunity to buy some more :)
👍  , ,
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@thecryptofiend ·
Absolutely.  I think eventually we will be looking at $1m Bitcoin - the only question is how long it will take.
👍  
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@orinklev ·
$0.10
it will grow even more when australia accepts it, but ethereum is the future...
👍  , , ,
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@thecryptofiend ·
I don't think ethereum will replace bitcoin though.
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@popet ·
$0.10
I think it would cross the mark this time for good..and I'm glad that Steem too is gradually appreciating.
👍  , ,
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@thecryptofiend ·
Yes I hope so.
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@prakashghai ·
$0.10
And we have a 14% sell-off
👍  ,
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@thecryptofiend ·
Seems to be doing the same thing it did a few weeks ago!
👍  
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@prakashghai ·
$0.10
will it again bounce and make a new high? 

that is the question.
👍  , ,
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@rhino ·
$0.11
I think Bitcoin will easily break $3k soon..... Great post!
👍  , , ,
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@thecryptofiend ·
I hope so thank you!
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@richguy ·
$0.11
Nice post as always!
👍  , ,
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@thecryptofiend ·
Thank you!
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@richguy ·
$0.11
Welcome bro, I will appreciate if you will consider resteeming any of my post one of these days. Your whalish status will help!!
👍  , , ,
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@rigaronib ·
$0.10
$3000 Bitcoin?
How about $1500 STEEM? ;)
👍  , ,
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@thecryptofiend ·
$0.40
That would be awesome but I think it will take a while!
👍  
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@rigaronib ·
$0.10
No doubt about that. haha
👍  ,
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@rimungbuloeh ·
$0.10
thank for sharing
👍  , ,
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@rooby ·
$0.10
There is a lot to indicate, the trend is growing and so much of it counts
👍  , ,
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@scandinavianlife ·
$0.10
It will happen. Today tomorrow or next year. Not worrying. Personally i think it will happen today :)
👍  ,
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@thecryptofiend ·
Hope so.  Would be a great start to the week.
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@senor ·
$0.10
Yep. Up and over the 3k mark for sure. 
My cryptocurrency portfolio is looking sh*t. Even though I've been interested in it for a good few years.
👍  , ,
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@thecryptofiend ·
I think it is best to ignore it for a while when that happens.
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@sp4hn ·
$0.10
BTC to infinity... I'm excited but sad at the same time because I want to buy so much more...
👍  , ,
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@steemfuzzy ·
$0.10
I think so. The price has been rising very slowly.. Let me know if it hits 3k
👍  , , ,
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@thecryptofiend ·
It keeps getting close and then dipping down as it meets resistance.  It is almost like waiting for a kettle to boil!
👍  
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@steemfuzzy ·
$0.10
Hopefully, we are crossing the 3000 mark today! 
$2975 on GDAX!!!! Go Go Go
👍  , , ,
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@styxer ·
$0.10
Nice article right there!

Btw. <a href="https://steemit.com/bitcoin/@styxer/bitcoin-is-going-to-3000">BTC</a>
going up to 3000 very soon! :)
👍  , ,
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@thecryptofiend ·
Well it reached it briefly but it seems to have gone down again.
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@tagso ·
$0.10
10 000 soon. yeaah
👍  
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@thecryptofiend ·
I hope so!
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@watchout2017 ·
$0.42
If it breaks 3,000 it will go to 5,000......

Last night on Spain Sexta here in Spain they had a 1 hour program on how Bitcoin was ONLY used by drug dealers, etc.  Do you seeeee how they are going to try to stop this???

Link:
https://steemit.com/bitcoin/@watchout2017/please-watch-this-link-live-right-now-en-la-sexta-spain-they-are-going-to-criminalize-bitcoin

@watchout2017
👍  , , ,
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@thecryptofiend ·
They have been trying to smear it that way all over the world for quite some time.  It is not something new.
👍  
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@watchout2017 ·
$0.79
This time you might have a bigger fight on your hands.  Please read:

https://steemit.com/money/@watchout2017/exposed-the-secret-scams-of-coinbase-bittrex-kraken-and-btc-e

Read some other of my content because we are ready to go though the largest drop in history-

I have a feeling that tomorrow will be a black Friday.  move your Bitcoin to Ether until it stabilizes.

@watchout2017

Domi
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@wvm · (edited)
$0.10
I think BTC could make it to 3K but I wonder about the grind in the $2800 to $2900 level.... if it makes it to 3K even briefly it may go back down and stay in the 2Ks for a bit more. Maybe the grind is due to the news of Aug 1st, who knows... Eventually though I think BTC will surpass 3K and onward whether it's a new BTC after Aug 1st or not...
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@thecryptofiend ·
Well it is seems to be staying pretty well above 2900 right now.
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@wvm ·
$0.10
yeah definitely! It's at $2949 last I checked... just saying it's been rough getting there! hahaha but I do think Bitcoin can reach to $100K eventually! Just saying, I'm wondering what impact the news of Aug 1st has had on it's growth.
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@xdark21 ·
It just might not be 100% clear to someone just passing by. Not everyone reads the whole post. And you kind of ordered it weirdly, like you wanted people to share
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@thecryptofiend · (edited)
I have no idea what you are talking about.  It's not clear that bitcoin will make it to $3K?
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@xdark21 ·
$0.10
Tokens are pump and dump schemes. People already came to this conclusion in 2013 when everyone was doing crowdsales on the Bitcoin blockchain. Ethereum is now going through that cycle again.
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@thecryptofiend ·
Maybe.
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@zerometal ·
$0.53
3k bitcoin?
You will get richer.
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@thecryptofiend ·
I think we will all get richer.
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@zerometal ·
$0.53
yah, but my wallet still empty. 
I do not get many votes for every post
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