Bitcoin Forum

Hi, do you think bitcoin can reach 42000$ as i read here https://www.interactivecrypto.com/bitcoin-predicted-to-reach-42-000-in-the-next-five-months-dan-morehead (https://www.interactivecrypto.com/bitcoin-predicted-to-reach-42-000-in-the-next-five-months-dan-morehead) who know this guy???

Take a look at the current market at a price around $ 10,000 of bitcoin, so it's hard to assume that it can reach about $ 42000 as you say, I think it will be at least 2 years before Bitcoin can reach that price.

I think we need to see a correction in the next 2 months, maybe it will reach $ 42,000, but everyone has a lot of different speculations so I appreciate that, but I am also not sure to touch that price this year, waiting next year

There is a reason so as why we call it prediction.
The price itself is a matter of debate for the leading economist thus saying anything about bitcoins is sheet stupidity.
Some people think that it doesn't even deserves the value it is at right now.
But at the same time some think it will soon hit million .
What you think is right and what you choose to follow is your decision.
Don't tire yourself out on news like this .
You will find millions like this in the market.

Bitcoin can reach 42000$.
Will it reach 42000$? Possibly.
When will it reach 42000$? We don't know for sure it will reach it. It should, but many things can "go wrong", even Earth get hit by a meteorite. And of course we don't know when will Bitcoin reach 42000$.

These were the honest and logical answers. All the rest is hype, is posting to attract viewers, is posting to show trust in Bitcoin and related industries and so on. Nobody has the crystal ball and nobody can give real better answers.

After reading the article, I realized he was using previous movements in price to project into the future. Considering the fact that bitcoin rose from 3k+ to about 14k in the same projected period(5 months), it is important to note that the capital required for such a rise is much more than for the previous run and that is assuming that bitcoin doesn't experience further downside movement which is unlikely.

in due time i guess price can go up to 42k. we all have the hope that i can go that high at  very short time but it just don't happen that quick. the regulation is just to moving forward right now. there is really the need for greater intervention, something has to happen that will change the situation today. we can't just rely on bakkt or facebook libra but the materialization of the adoption.

I would only say wow, that will be the next highest price we will see. If that happens, many people will be rich people because they prepared from now on by buying a lot of bitcoin. Bitcoin can go to any highest price in the future, and I think that will happen before the halving come, but still, we only predict without knowing if that is true or not.

I don't think its a believable article or info .However market is always an uncertain place where always create a drama .However it look like btc will boom i the upcoming days it could break any level and climb the top of the chart .So time will tell where it could go in the future either it can fall or rise.

I love these headlines that attach random prices with absolutely no reason as to why. What even is the different between 23k and 42k? It's just some idiot writer who wants to clickbait people and provide some shitty evidence from "top analysts". It's funny how dumb these articles are

Bitcoin can reach 42K USD only if:
1.The USA becomes more crypto friendly
2.China and India accept crypto trading.
3.Bitcoin futures trading gets banned.
4.All the altcoins die.
5.The big banks,trust funds,hedge funds and retirement funds start buying btc.

Do you think all of the above will happen anytime soon?I don't think so...

Even if any of these will not gonna happen Bitcoin will still gonna reach that $42K in the future but it will take a lot of time to reach that.
And no one could ever tell what would be the future of Bitcoin and its price, we just have to focus on this present price and stop thinking too much about of the future which is not yet clear.

maybe for dan morehead's 5 month time window, but i think it's quite likely within a year or so. the monthly BTC trend is way too powerful to be ignored---this doesn't look like a bull trap like summer 2014. by all appearances, we've already begun another bull cycle like 2016-17. and if that's true, then we're about to go a lot further than $42k.

I personally believe that 30k is quite possible sometime soon, I know it looks as if the price is falling lately and it has been trying to breach over 13k and failed multiple times so far and that is why many people somehow believes that the hype and bull run is over but in reality if you see the price keep going up and trying to breach than going down that means it still has a life in it that tries to go up but fails, its the time that it doesn't even try to go up that means bull is over, as long as it keeps trying than I will definitely believe the bull run goes on.

Since, the bull run goes on and there is not a big resistance left after 13k than I believe we will continue going up much faster, the biggest of walls only happens when you are close to it, when you break it than the next wall is always easier to break.

His prediction is based on his own analyzation. Like anyone else, we can make our own prediction backed by our set of references and factors. Although for some, it's really difficult to imagine a bitcoin price @ $42,000 within 5 months period, at the end of the day, it depends on readers if they will buy that prediction or not.

There are lots of predictions you will see around. Some are realistic, some are not - but all have chances even at 0.00001% for unrealistic ones.

Now to answer directly your question based on my own analysis, YES it will but the question is WHEN? - maybe a year, 5 years, a decade and so on....

Hope you got the picture.

From where does 42k comes? Why 42k and not 41.9? Oh man.
At the moment no one can say that bitcoin can go up to 40K, in near future no one knows what will happen, maybe it will, maybe not because as you see, recently India banned bitcoin mine/use, what if other countries follow that rule? If you say that price will rise because it will be hard to obtain, then you are in mistake, less demand will result in low price, it's not something that people will go on risk for jail but of course VPN exist here to solve that problem if other countries follow to India which will be more likely illogical but who knows, maybe Trump will follow them, his thoughts are insane.
On another hand, this is like a gold rule, bitcoin will always surpass once it's all time high, so to my mind higher than 20K is guaranteed, at least I think so.

This is definitely impossible, we are at the end of July with a price of $ 9600, there is nothing big that could happen in the next 5 months that would cause the price to rise to $ 42,000. Is an impossible that forecast, no matter what kind of calculations he makes... is impossible to reach 42,000 within 5 months and hope no one take this absurd prediction seriously


see this:

https://www.panteracapital.com/team

let's draw an analogy to the 2017 bull market:

• $42k is a 437.5% increase from $9600
• $19666 is a 437.5% increase from $4495

we crossed $4495 during the last week of august 2017. 3.5 months later in early december, the market topped at $19666.

so it's definitely not impossible. there are even some signs that a 2017-like bull run is happening again. if the time window were 1 year instead of 5 months, i'd bet he's right.

I believe it will within 1 year from now.
People forget that if Bitcoin goes ATH it does hundreds of percents of gain in approx. 30 days.
So as someone stated it can go way higher and will come down hard afterwards.

Within a short span, I don't think that we're able to see that price. I'm even eyeing for $100k but that's another story and I want it few years from now.

When we're speculating and wanting to see such tremendous price, we need to consider on how long it should be and what's the current state of the market. It's okay to assume that much as long as it's realistic and you have considered many factors.

Every idea and predictions is wonderful to hear, that's why having an expectations that bitcoin will shoot that target of $42k; I guess that was really profitable. That will help other coins to also become more worthy and profitable, because their respective value is also possible to increase once exchange price will be dominated by btc's price.

If we gonna believe all the articles crossing our ways for sure we will be giving here ups and downs approach in which we can be misleading

Bitcoin price volatility is indeed and by supply and demand this will move so for me whatever the value of bitcoin is,what’s important is it grows higher and higher as time goes by and bringing the future for more decentralized and virtual world of living

Not in next 5 months. Well it can go but I would give it a small chance for that. There is no real interest for Bitcoin outside of crypto. Price of Bitcoin will mostly stay where it is and building momentum.   To see hos much interest for Bitcoin out of crypto is you can check here: https://bitcointalk.org/index.php?topic=5168058.msg51933718#msg51933718  You see we are lower then Nov 2018. So really low. But I do expect that interest will slowly build up.

Prediction is always there and everyone can give their own prediction but the problem is how accurate and can be really happen?since out of 1000 predictions we are lucky to have one that turns reality lol

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But what I am looking is just atleast $20,000 before the halving in middle of 2020 and if this happen maybe I am enough since I can reach my target amount for selling my folio and will consider buying again in dip

These so called capital management experts or is it crypto experts need to suck it up and tell the world their predictions they keep giving and always analyzing are all bad jokes meant to lighten the moment. We all know all stressful watching these charts can be add a beacon of hope is certainly good,but.......

Honestly what will cause this price to grow more than 350 times in these 2 years( my 350,000 dollar question).

some crypto experts predict the price of bitcoin will reach tens of thousands of dollars and on the other hand say the opposite it's just a prediction and anyone can do that but cannot be ascertained, even now the price of bitcoin has not been able to pass the highest price in 2017 so what is the big event that will cause bitcoin to reach $ 40k.

Even if someone predicted the price correct in the past there is no kind of accusarcy in their next prediction because more untable market is infront of us.

$42,000 looks reacheable if the bullish trends keep following.

THis time there won't be long recover process because we already waited for more than year to hit this bull run so this time we will get some immediate action on the prices of bitcoin and I hope it will be in uptrend.

$10,000 looks for better than where we are in Feb 2019.

There is a big difference between going from 4k to 19k and going from 10k to 42k. Now I am not saying it is impossible neither but the money required to reach those levels are far higher than money required to reach 20k.

Reaching 20k should not be our aim I agree to that, we have already done that before and we surely will do it again one day, I don't know when and I don't know how but eventually we will break the all time high, however 42k in anytime soon doesn't look realistic because there isn't that much money coming into the market right now and until that type of money starts pouring into the market we will not see it. There is no way sellers will just stop selling at these levels and start selling at those levels, we have to beat those sellers until 42k and that will require some new money.

I read this story at coindesk the day before yesterday and I agree with the author that bitcoin is actually heading somewhere. We have many reasons to see bitcoin at $42,000 or even $64,000 by the end of this year. The issue of libra has really brought bitcoin as a subject of discussion this day and my country government that hardly think of cryptocurrency are now setting up different committees to look into it and see how to manage the adoption of bitcoin and another related cryptocurrency.  If you have an interest in making it huge in cryptocurrency then now should be the right time to buy as it is at indecision areas of its circle.

No, it cannot reach this level without any moves from our side.
Personally, I am tired of all these posts that say when bitcoin is going to reach 100k 200k etc.
We need to bring more crypto adoption in order to make the price go up. Without that the price would move with a top level of 20k.

Real world adoption is happening but not like how internet or mobile phone technologies were successful in more quicker time. It is not easy to convince all types of people to adopt an ALL NEW MONEY. But, we can believe adoption rate too may grow in exponential as common people are tend to listen to their near and dears. By considering these all, one million dollar levels too will be possible in more quick time than we could estimate.

Definitely it will reach but the question of time-frame is the mystery. This is the reason almost all positive predictions about bitcoin will be successful but time based ones may not.

I think there is a big difference between bull increases and small increases.

I mean 42 thousand dollars is a bull increase and if that happens which I doubt will happen quickly then it means there was a big bull run and it must have taken weeks before it reaches there, so it would be like 15k one day, 17k the next 19 the next 23 next and so forth until 42k.

It won't happen like one day at 10k and next it will 42k, that never happens and there isn't enough buy orders to make it go that high in 24 hours. So, I think we should focus on those small increases back to back before we focus on how high it could get, could it get to 42k one day? Sure but in order to do that it should first hit 15k and that means we should first focus on making bitcoin 15k, after that we could take a look at what it could potentially be at max.

Your name is literally the same as the site that you posted, and all your post history is about that site, why are you pretending to not be affiliated with that site by saying "I red here" and "who know this guy"?

Anyway, that prediction is unlikely, at least in the second part, because it says that bull market will last till the end of 2021. In reality there's a high chance that this bull run will end months before the halving and we'll have another bear market after it.

As for $42,000, this is possible, and even a higher price like $60,000 can happen somewhere around Q1 2020.

Yes, it is possible for Bitcoin to go as high as $420000 or any other figure one can imagine. There is no support to back up that value and it's improbable that it can rise that high in the space of five months.
In a span of time years to a decade, and with lots of falls in the contemporary financial institutions, Bitcoin could rise to replace it in many areas and lead to global adoption.

I also mad to those who are manipulating the price of the market but I just can't help my situation but to learn on how to ride with them. Despite of the dump in the past days, I still believe for the good price at the end of 2019. We still have the time, and yes bitcoin will still pursue higher prices which is going to be positive if the bull begin again.

Bitcoin can go to that price and bitcoin have a big chance for that. But I don't think that it will happen in this year except there is a big demand from people and the price starts to rally and break any high-level price. Perhaps, bitcoin needs to increase slowly first and get stable for a while and then start to increase again after making the correction. I believe that bitcoin will reach those number in the future and we have the opportunity to buy bitcoin at a price now before the price starts to increase.

I think the price won't stop at $10k only, but it will be much higher. the price had touched $14k before and it was a low price in my opinion, if investors did not do panic selling, of course it is very possible that prices would continue to rise some time ago. I think this year will range between $15k and above.But for $40k it's too high and excessive for me

So many challenges this year but I know bitcoin will still not fail us, we don’t know yet the end price this year so better to stay positive. Many FUD are destroying the bitcoin price, but its good for bitcoin to hold within $9k-$10k, its still a high price for me.

I don't think bitcoin can ever reach a price of 42,000 dollars.
Firstly, the achievement of such a high price is possible only for a certain short period of time and at the same time it is necessary that Bitcoin holders work at this time only on raising prices, without selling it. This is impossible, given that many people will want to take their profits all the same and will sell it, which will cause a decrease in the price of Bitcoin.
Secondly, it is impossible from the psychological side. At this time of such a large price increase, the appearance of any negative information will inevitably lead to fear for the safety of its investments and panic, and it can in a short time almost completely devalue any cryptocurrency.
Thirdly, a big rise in the price of Bitcoin is most likely when a large number of whales will work in this direction. However, maintaining a high Bitcoin price for a long time will not be economically beneficial for them.

x400 percent? Wow.
I dont think so. Although I want it to happen for bitcoin to be seen more by the public, there is this scary feeling that it may become a bubble that will pop out any minute afterwards.
That is way too large that it may become questionable to the world government. It may be taken down or they will create havoc just so people will lose trust into it.

It may end up to a bad conclusion. It will just be a short happiness for us.

You realize from 2015-2017, we went from $200 to $20K, right? That's a cool 10,000%.

Recency bias is an amazing thing. So many people around here are going to sell near $20K and then buy back so much higher. ;)

Five months??? The chances of it to happen is very low although I'm not removing it on the list of scenarios.

If this will happen in 5 months, there must be a very big news that can make its price higher or some events that can help its adoption. It is hard to reach at this moment but there is a possibility that it can happen ;).

Not everyone holding bitcoin at the moment so in the process of price increase more people will join will that literally increases the price so compare to the price loss due to selling will be less which make the prices to increase overall.

Bitcoin is going to reach $42K or $50K some even say $1M as well,but the reality is it can be known only when people starts adopting it.

Dan Morehead is actually the CEO of "Pantera Capital", which is an investment firm focusing on bitcoin & other Crypto currencies. In that article, He have mentioned, within this year bitcoin price will hit 42k$, which is not impossible. Cause we have seen incredible hype and excitement in just a few short years. So it's quite possible that, whatever he have said, may come true...

LMAO! I haven't realized the name similarity :D Dude literally just created an account with the EXACT same name as the website and than shared it with us acting all like he doesn't know what that is and who wrote that :D. He probably literally wrote it himself and than came here to make his website known more.

I am sorry but that is not gonna work, people who read crypto articles on news websites do not read because you created a good discussion, they discuss it here anyway and no need to go to website, you won't get a single person who will forever follow that website just because they saw it here once. They can check that link for sure but its not going to be a permanent user on your website, just gonna check that link and leave forever. Do better marketing next time.

bitcoin can easily reach to 42k usd. i totally agree. i have seen the bull run in 2017. it made around x20 in 1 single year. it has still potential to make a similar move. and x20 can bring it to over 100k usd

the prediction might happen that bitcoin will touch the price of $ 42,000 but in a period that cannot be predicted.if a situation like 2017 can happen again maybe $ 42,000 is not a price that is difficult for bitcoin to achieve.

2017 was the best moments in the crypto space, at least for the holders because we were able to sell at a good profit, even our shitcoins we were able to monetize on it, but I don't think we will see the same as people not have learn and are more matured.

Also, I don't like to see that kind of pump and dump as the result is really devastating because we were able to witness a long bear market after that.

Why not? Bitcoin was worthless in the past. But it is more valuable than Gold. So Long as those Politicians for eg POTUS let it grow without interruption I feel the value will be immense.

Yes, bitcoin can go to that price. It's only a matter of time for bitcoin to break that higher price and we are sure that it will happen in the future. I hope that we can be more patient to wait for the time because we still seeing the price is at the current price. When the time is coming, the price will start to rally to a higher price, and we will see it will get to the high price soon.

I have read this speculations and analysis some time last week and i believe in what he said because he has mathematical prove of what he said and also providing proved of what has happened in the past. I strongly believe that he might not be accurately right as no one can predict this market accurately but at list time is come it might get to $42,000. It might be next month or November but it will happen one day.