Bitcoin Forum

The expert of the venture crypto company Blockchain Capital Spencer Bogart believes that bitcoin is ready to signal the discovery of a reliable minimum, below which the price will not fall.
"Regarding its peak values, the price of bitcoin fell by 70%, so I think that bitcoin is close to finding its minimum, like all other cryptocurrencies," Bogart said in an interview with CNBC on Friday.
"At the end of 2017, we saw a strong rally of the entire crypto market, despite the fact that there was a lot of negative news. Now you can see that there are positive news, but the price is not growing, " he added.
Under positive news Bogart meant investing broker TD Ameritrade in an adjustable ErisX crypto currency exchange, and a statement by Rick Edelman regarding the bitcoin ETF approval and funding Yale University cryptofauna for $400 million.
"All this news is important building blocks that are laid in a new Foundation for the promotion of institutional capital in the crypto space," Bogart said.
Similar opinion is shared by Mike Novogratz, who last month suggested that bitcoin "has reached its bottom". This statement was based on a comparison of the current Bloomberg Galaxy Crypto (BGCI) index readings with those existing at the time when the market started its bullish rally. Novogratz also said that in the next 2-3 years a lot of financial institutions will be included in cryptoprocessor. He said this at the South Korean conference Beyond Blocks in July.
Earlier, a team of researchers published data according to which 54% of institutional investors believe that the price of bitcoin has already reached its minimum. At the same time, 57% of all respondents said that by the end of 2019 they expect to see the price above $15,000.
In may, fundstrat analyst Tom Lee once again expressed his expectations regarding the price of bitcoin, which, according to him, will reach $22,000-$25,000 by the end of this year. Later in August, he changed his Outlook, saying that real prices could be much higher. As evidence, he provided a correlation between emerging markets and the crypto market.
Despite these forecasts, the price of bitcoin, apparently, is not going to update the historical maximum, in connection with which Novograts also changed his forecast, saying that bitcoin is unlikely to pass the mark of $9,000 before the end of this year. However, by the end of the second quarter of 2019 Novogratz expects to see a price above $10 000.

The cryptocurrency world is quite volatile and prone to changes. 80% of prediction turns out to be incorrect and there is no minimal and maximal point of any coin. I would advice you just keep watching the market and pay less attention to predictions, this has brought doom to alot of people

$5800 has been the average support for bitcoin throughout 2018, and this is comparatively higher than previous years. And I see that bottom holding out for a while.

Everyone is entitled to an opinion on what they think the price would  in the future, but they are all speculations regardless of the source.

This prediction can only be used for reference. I think the market is still waiting to see, and we must wait until the US government approves the Bitcoin ETF to have a big market.

you should have posted this at least 6 months ago where this "reliable low" was actually reached. we have been above that solid low with a strong buy support behind it for a couple of months now and that is one of the reasons why the whale accumulators have started their accumulating processes. otherwise they would have been equally confused like the rest of the market.

Yes I agree with you. The value of bitcoin is gradually becoming stable and hard to fall below $ 6,000. That is a good thing, that is the safe limit to your investment. And I believe in the future it will continue to attract more investors and the value will probably increase.

Again and again, its being sounded, when you quote a source, there is nothing hard in putting a reference as this would add credibility to the post and equally give an opportunity for follow up to anyone who is willing to read more not forgetting the complement to the author of such information and finally not getting banned on the forum for plagiarism as this goes to Op and those going outside the forum to source for content to be discussed.

One thing I noticed that is common to people who expressed their opinions above is the word "I think" and that points to the fact that whatever they say should not be relied upon 100% as its merely an expression of opinion that is not dependent on objective evidence and more so there is no uniform conclusion as some were of the opinion of falling, others were optimistic of further increase which leave the option to those reading in deciding which side they want to belong.

I honestly think we've reached the bottom a few months when the price touched the 5800 mark. We've consolidated around the 6k-6.5k and we've built a new floor at 6000 which I don't think we'll break in a very long time.

Now, about the $22,000-$25,000 predictions at the end of the year, I don't know, with the current bearish sentiment surrounding the market, I find it hard to believe that the price would even test the last ATH, let alone go past it to those levels OP mentions. It would take such a massive amount of capital to push the price up that I don't think we'll see until maybe 2019 or beyond.

these so called companies should really stop trying to advertise themselves disguised as speculation about bitcoin ;)

no minimum price will ever be "reliable" enough to be called "minimum" when it comes to bitcoin. so far we actually have had that "minimum" price a couple of months ago and those who were real investors with experience (not some newbie company in the field) took it as their signal and have been acting on it...

Bitcoin price is negotiable, so it can be $ 100, and maybe $ 30,000.

I can not say that I am a professional analyst or trader, but I can say with confidence that I always use common sense and he tells me that bitcoin has a very large potential and very good technology ! I listen to this analyst and I think that he made the right forecast as bitcoin is starting to recover after the correction.

Big money loves silence, and cryptomarket became too noisy and crowded at some point. The dynamics and movement of wallets are carefully monitored, as opposed to the original anonymity. However, it must be remembered that truly momentous changes occur only when they are not expected.

very good explanation, and that is in accordance with the reality of the bitcoin market today, bitcoin is difficult to create a rally like 2017, this is bad, but we must realize that the long bitcoin rally every year is experiencing good development.

I agree with Novograts' opinion, today a good sign of bitcoin to get past $ 10K still cannot be seen. but 2019 and 2020 will be a year of goodness for bitcoin.

This prediction can only be used for reference.I would like to say that you should keep watching the market and pay less attention to predictions. This has brought doom to a lot of people.

I think when I told you that question.
because now bitcoin is in low price because today's many sellers in the markets. so it's time to come back to high-prize bitcoin like one year. if you're holding bitcoin now do not wait for it you're in december because I'm sure bitcoin will increase when it comes to december or january

It is an unstable market right now. If the price settles around $6000 to $7000 it would be a good news. We definitely would like to see a rise of price but most of this predictions turns out to be incorrect. 

Market condition is now unstable and its very difficult to predict about price. But maybe $5900 to $6000 is reliable low.

It's say it is also the lowest price bitcoin reached (or even didn't reach, because I see only $5900 on coinmarketcap) since the drop from $20k. Bitcoin was close to this price many times, but never went below, which leads me to suggest that it IS the reliable low price the op was writing about. Sure,  expectations about future growth can deceive us, but I think it is pretty safe to suppose that we won't see bitcoin lower than $5800, unless something really huge and bad happens (something that never happened before in the history of cryptocurrrency). It would be nice to see this mark increasing gradually with time if we want a stable growing market, but $5900 is not that bad.

From what I've read CNBC is not the best place for investment advises on cyptocurrencies. Here's one of the best (#fail) examples: https://bitcointalk.org/index.php?topic=5037823.msg46165655#msg46165655

And yes, many tell nowadays that Bitcoin has bottomed and can't go under that value. I wish they're right, but I also fear that anything can still happen.
Right now nobody really knows what's next...

I really hope for now at the price of bitcoin to touch the lowest point of bitcoin prices, so that at the end of the day we can see that bitcoin prices are growing gradually again like in 2016 ...

I think this volatilty is decreasing somehow. Recent days, Bitcoin price move more slowly rather than old days. I hope it will go up slowly from now on.

I also believe that the bitcoin minimum price has already passed this year and now it is gradually rising in this way. After such a long stagnation of the cryptocurrency market, Bitcoin cannot quickly grow in value. Some experts have already correctly adjusted their previous forecasts towards a slow increase in the cost of Bitcoin by the end of this year.

I advise you to look at the charts of other years and we will see that throughout the year the price of bitcoin keeps low, but by the end of the year it starts to grow sharply I think it’s time that the market will simply not stop rising prices

Perhaps we've already reached that? $5700 was the lowest we've been for 2018, and we have tried to break it but to no avail. It's not easy to claim that that would be the lowest point we can see ever, given that the market isn't sleeping and stopping in creating trades for people. I've been more interested in the lowest we could get rather than the highest point we might see this year since the former would be the solid baseline in which we will all be moving from. I'll expect higher highs if the low is really @ $570₩.

it is so easy to make a guess when it comes to bitcoin price. it  doesn't cost you anything either. but coming up with a solid analysis and a good speculation is always hard. in this case you can easily call a number and talk about possibility of "fall" without any solid reason. but explaining why you think it is possible is hard.

these so called "experts" should start by saying why they think the price that we have already reached and the level that has been holding strong at the current bottom is not the bottom in their opinion then continue speculating a drop.

The old saying, "Opinions are like assholes, everyone has one" comes to mind when I look at all these predictions. It is just logical that a spike like 2017, will be followed by a correction and that the correction must bottom out at some stage. We do not need any genius to predict that and we also know if the price stabilize <stop dropping>, then that might be a signal that it might be the end of the correction phase.  ::)

So there you have it, no expert advice is needed to extract that from the current price behaviour.  :P

All the predictions we should just look at and refer to it. There is a lot of speculation about Bitcoin prices, price increases and discounts. Actually I do not know who to trust. It has made the professionals less credible.
Only way, we should focus on the market, track every bitcoin fluctuations in the market, that is the best way.

to predict the behavior of the cryptocurrency market is almost impossible
  then I hear that the price will grow to unprecedented heights but the price will keep in a certain range

but how would these """experts""" eat if we stop talking about their asshole opinion?
that is how they make a living and everybody is a winner in this case.
idiots keep on creating companies to make profit and call it blockchain something then start giving out "opinions" which is basically advertising their company to make their names heard! and the always hungry news sites that have nothing better to report, keep quoting them and practically advertise their crap. and newbies like OP copy past them here to increase their post count.... everyone wins :D

Good point, not enough links to the source. All these forecasts are really accompanied by the words "I think," but I noticed that earlier there were forecasts and discussions on the topic "Bitcoin will die or not," and now everyone is discussing how high the price of Bitcoin will rise this year or in 2019. This is a good trend and I like it.

It is $5,800 that is the bottom of Bitcoin and I believe that it will not fall below this mark because mining will become unprofitable and many miners will turn off their ASICs. Now no one has any doubt that Btcoin will grow, the question remains how long to wait for this time.