Bitcoin Forum

this becomes an evaluation and opinion that refers to the confidence of the crowd.
quoted from various news media, entrepreneurs and founders as if believing that bitcoin will return to history through the price of 60,000 $ this year. What do you think? if i'm sure !!!!



"Back then, December, price was at a $20,000 all-time high. I predicted for 2018, we're going to see $5,000 and $60,000. So $5,000, we’ve pretty much hit it, so let's see if we can do the $60,000. I'm still quite confident." by TEN-X Co Founder  ( in article : https://cointelegraph.com/news/tenx-co-founder-still-quite-confident-bitcoin-can-hit-60-000-this-year )

If entrepreneurs are believing that bitcoin will soar high then this won't be impossible to happen. We'll just have to wait and see until December. While the price is low, take the opportunity to have more bitcoin and hold until it gains profit.

such as bitcoin's hard struggle, where everyone expects a significant rebound. yes buy is the right solution to realize it all ..

Also making predictions - whether they got them right or not - cost them nothing and they gain publicity for themselves or their project.

He got the bottom right - if we did hit the bottom yet.
Bitcoin will reach 60k - if it'll reach 10k by end of August (https://www.cnbc.com/2018/07/11/start-up-exec-says-his-call-for-60000-bitcoin-is-still-possible-this.html).

Quite some IFs. I hope he's right though..

it is not "entrepreneurs and founders" it is just one person who is rather new to bitcoin world and he has a new business which is mostly what he is advertising here. and he said it will go to $60k this year and that is simply impossible.

saying "I predicted the bottom right" just reduces his credibility instead of increasing it because it shows how little he understands the bitcoin market and how desperate he is for saying he is right.

Not sure when but, It'll definitely reach $60,000 soon. That's inevitable.

I'm sure that will happen in the end of year.
I plan to buy Bitcoin yet when I will get rewards for my bounty.

I learned as of now that that $20,000 all time high became possible only because of the shilling and FOMO of the medias and investors, plus the lack of knowledge of the people about Bitcoin. This created an opportunity for the holders to get as much attention in Bitcoin and get the price high as much as possible. Since a lot of people got scammed of money and a lot of them have loss so much in Bitcoin, I do not think Bitcoin would increase in that price at the end of the year, unless something big has been announce that would really attract people.

How possible can bitcoins reach even 15,000  before the year come to an end? Bitcoins price can't reach 60,000 USD by 2020 if the trend of which bitcoins is going don't change.

You can expect the unexpected with bitcoin market, have you ever expected that the price will surge up to $20,000 last December? It looks impossible to see this coming for this year but everything can turn the tables down if this happens, great if it didn't we still got another year to expect - that's it.

I personally wouldn't put to much on bitcoin hitting $60K this year. A lot has change and we are not in the bullish trend right now so its going to be very difficult to even hit $10K. You have to understand that those person who says bitcoin will hit this certain price is a huge investor, so it make sense for them to claim this wild price up trend so that they will see their portfolio grow overtime. But not this year though.

let me see, last year's price:


https://i.imgur.com/TUxEy1H.png

current price:

https://i.imgur.com/IpeIHon.png

see that to reach $20,000 we need a lot of money, imagine how much money we need to reach $ 60,000? we are talking about a lot of money that needs to go into the bitcoin mecardo to reach this price of $ 60,000, and this is not possible this year and even for next year it will be difficult to reach the price of $60,000


This year is different from last year.

It is possible for bitcoin to reach the speculated price if it rose to 15,000$ in the start of September. The impact of that statement is not definite because a co-founder of a project would not affect the price of bitcoin at all.
Not being in a bullish trend doesn't mean that it would be very difficult to hit 10,000$. In fact, it is possible that we would reach it sooner than expected and the chance of it happening is higher when bitcoin has been on a prolonged bearish trend.

I hope we won't reach $60,000 this year, because it will end just like what happened after almost reaching the $20,000 mark. Everything that goes up hard in a short period of time will come down equally as hard.

And then we have the incompetence of the exchanges to deal with, because I'm quite sure that they will fail as hard as they did last year. And the network will end up being cluttered and choked to the absolute max.

In other words, the only thing another bull run will do is yet again prove how crappy this ecosystem is. Let's hope that we see the price increase gradually and allow this ecosystem enough time to expand organically.

Although btc is known for making unexpected things, increasing the price thousand of bucks in a short period of time. Isn't it very optimistic or unrealistic prediction. I believe we're going to have a new ATH but I guess not this year but if that will happen of course i'll be very happy it's just I don't fully believe especially if the prediction is near unrealistic.

if bitcoin rise to 20000 usd again the same crash will happen too
Those numbers are large, And maybe it will come true after 5 years or 10 years

Even though I like that bitcoin's price to soar high just like what you are predicting right now, Because of the the current situation we are in I really think that the $10,000 will be reasonable this year, And we can wait for the price to soar up high the next year, Let's just be realistic about the value we can have in 2018 we can not assume that the bull run may hit that huge of amount right now because we can assure that some manipulator will always control any situation bitcoin have.

you are too confident, but everything is possible  ::)

I don't think possibility is very large, I look forward to target is the price of the BTC can reach $20000, if can break through $20000 volumes, then BTC will also have the possibility of reaching higher prices.

Most of the cryptocurrency analyst are expecting for the market price of bitcoins to reach $50k dollars before the year ends and that is the reason why some traders are still optimistic about the market price and keep on holding their coins which is a good decision.

Yesterday i saw a thread bitcoin to reach $30k in the end of the year and now i see $60k for bitcoin price in this year, lol it's become more bigger. Look, anyone can predict the price of bitcoin, i can even say bitcoin will reach $100k in this year. The thing is we need to see the condition on the market right now, as you can see, the price is not even hit $10k right now. We need something big, really big to makes bitcoin reach that price.

A few very worthwhile quotes from the stock market bad boys that really apply to current crypto market;


I like this one especially, because all get rich quick rookies are only feeding the elite focosed on the long term. You can't beat the short term market, you'll get blasted off your funds by people smarter and richer than you. Just buy coins, sit on them, and not touch them for at least 6-12 months. Don't try to take advantage of an extremely unpredictable market. The risks are not worth it. We are here to build our own wealth, not further build up the wealth of the elite.

We should need something more realistic than the untrue rumours of Bitcoin pricing in late 2018. Mostly in early 2018, many celebrities around the world and they predict that Bitcoin prices will increase to $ 30,000 and someone predicted the price of Bitcoin was $ 40,000. But in July, the price of Bitcoin is only $ 6200

really, some people should think realistically. $ 15,000 may be heavy. now even 60,000 $ ... but the public does need confidence from influential people

This is not about beliefs this is about money it does not get simpler than that, there is not enough money in the market to get that kind of growth, you want bitcoin to grow 10 times its current price in a time span of only 6 months, I cannot say it is impossible since we know that nothing is impossible for bitcoin, but taking into account that we come from a bull market the chances of getting another one the very next year are very low.

It is not possible and something not any good analyst will predict. Bitcoins since the beginning of January has decreased about more than 50% and you are forecasting that it can reach 60,000 usd which is about more than 200% increase. Not possible

having another new bull market this year is not the same as setting a new ATH though. I completely agree that it is impossible to reach $60k but we can easily see a bull market this year. it is true that we had a big bull market last year but we also had a huge bear market that lasted long enough and price fell down enough (70% drop). we can easily see the rise for the rest of the year and reach back above $10k and that can be a very reasonable bull market for this year.

Well, I suppose the only thing left to do is to see how the market evolves, the price has grown a lot in the last days and while some are calling this a new bull market I'm not so sure but maybe that is because I try to be very realistic about my expectations and despite the good behavior of the price of bitcoin I am still worried since the last crash that we saw was incredible and I do not want to be caught with my guard down.

I do not think that it is going to touch those huge and enourmous numbers, it is more than difficult due to the actual market conditions. Even $15,000 is quite impossible for this year

I do not believe all the statements and really appreciate the possibilities of bitcoin. it seems to me that the maximum of what it will reach this year is it will return to$20,000.

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