Bitcoin Forum

So, the price of Bitcoin has been holding pretty steady lately. On the one side, the Hayes’ model predicts a price of $12,629.15, almost double the current price! What's your opinion about this?

As per past record of Bitcoin never any Forecast are true even do not anyone think that bitcoin can touch 15000 USD level but that does by bitcoin same situation is that but I think bitcoin is moderate this year did not chance to go high till any update related ETF in Bitcoin. if ETF can possible in this year than Bitcoin price boom like a rocket but at present time wait and watch

The price of Bitcoin will stay the same till the yeat end. It will be bullish starting next yeat and can go up to $21K and then stablize at $12k. The price will not fall below the level of $6K this year. This is what the price should stay logically but. this is Crypto anything can happen.

I'm no good looking with those model but $12,000 looks reliable and that's just going to double the current price. Unlike those high predictions that we've been hearing throughout the entire year and yet no one from those predictions became a reality. Predicting $12,000 for this year is a safe price to predict I guess rather than those unrealistic price that we've been hearing from the experts of the market. Better to rely on the flow not with those words.

there is only a month left until the end of 2018 and currently the price of BTC still ranges from $ 6500 and I think it will be difficult to be above $ 15,000 because this is not realistic. but we need to remember that crypto is unique and its fluctuations sometimes can't be predicted exactly, that's crypto

I guess no one could predict the bull run of 2017. And nothing has changed since then. No one can say for sure how high btc will rise in the end of this year and then. All we know is that this is not the end of crypto, btc will grow and surprise us one day.

Problem with all these prediction models, and Hayes which I believe is linear, is that they're all founded on rational theories, and this has been proven again and again to be their major shortcoming, singularly almost blamed for the failure to see the major crashes (or even bubbles) in traditional markets. Economists are slowly realising that it's because there is a significant play of irrationality in markets... And no more so than in Bitcoin and by proxy, the rest of crypto.

So Hayes may eventually be right, but it has to also eventually be wrong.

I have seen a lot of predictions and I’m just confused, but despite all that I still have hope in Bitcoin, but not much in altcoins. I saw a prediction on Smartereum yesterday that the price of Bitcoin will hit $40,000 and 90%of altcoins will fall. Then another prediction claims that cryptocurrency could triple any moment from now.

At this point? I really don't know if models or TA is really applicable at this market. I mean no analysis predicts the crash that we're going to see in the last 48 hours because of the so called Bitcoin Cash hashing war and power grab. I would say that my bullish prediction is just around the $7k mark, bearish is like $5K and moderate is like $6K-$6500. Also there's no one who predicted the bull run last year to $19K. So I guess were in for another big surprise (or not).

Maybe you should understand from all these that you guys should stop worrying yourself about some predictions because they actually have nothing to give you than bullshit. If you are in the market, be in the market for good, and know the reason why you are in it.

As long as you know there is a great potential in the long run, you will really not be worrying yourself about some predictions that we all know no one can basically know what the future holds. However, the market wants to be now, one thing is certain, with mainstream adoption which there is a great possibility of experiencing; the market will most definitely grow more than this eventually.

There will be a Bull run soon. Everyone is selling, and this is the perfect time to buy. Whenever there are confusion like and people are selling, the whales use it as an opportunity. I’ve net been deceived by all these kind of things before. Even last year it was like this, people were complaining and there were a lot of people panic selling till the price got low and the next thing the whales got in and boost the price. So I’m sure that’s what they are about to do now, get everyone out and go for it.

Looks like Hayes model has predicted it wrong as obviously after you put up this thread, crypto suddenly went on a bloodbath and all TA are out of the window so to speak. So there's a lot of irrational emotions going on right now (panic selling) that obliterated the market is such small amount of time and a lot of money got burned easily. So I guess our opinion doesn't matter at this point as there's no way we can really predict where the price is going to be short term.