Bitcoin Forum

Despite the Bitcoin and Ethereum's rough start in the year 2018 as we can see the price of both cryptocurrencies dropping, bitcoin might hit $100,000 in 2018 according to Kay Van-Petersen who correctly predicted bitcoin's price on 2016 but reaching $100,000 would need to rally over 635% this year to reach that. Van-Petersen has a good track record where in December 2016, bitcoin was trading below $900 but he predicted it would hit $2000 in 2017, and it did! for less than six months later. He is also bullish on Ethereum thinking that it might outperform bitcoin, because it came after bitcoin and has a more unified relationship than it. He stands by his call and thinks that both cryptocurrencies will surge a new record this year.

So this should give new adopters to cryptos the peace of mind they should have when they are seeing lots of coins dropping the price and panicking to sell their share to get back most of their investment. Keep the faith and be positive in your own investments. What are your thoughts about this?

I believe that bitcoins need to be divided from other coins. Meaning in it, if there are much better projects? I do not really like it for the current momnet - you can only earn x 10.

It's always the trend every January.

https://coinmarketcap.com/charts/

Zoom the graph/slider to cover Dec, Jan and February. From there you can see that major dips are yearly occurrence and is actually the time to buy more coins that you think will have potential to increase 5-10x for the year.

If you are already in, just HODL, you'll be fine. Trust the historical data.
 ;D

so far every year that I have seen bitcoin has started the year like this! with the same big drop in January and a little bit extended to first week of February even which will be the accumulation phase and then start soaring up.

last year in January price dropped from $1140 down to $917 (~20% drop) and stayed there until February 1st when it started rising back up again. same in 2016 and 2015,...

I think it would be worth the patience to hold bitcoin, even if all the other altcoins were 0, but it still has value.

Actually, bitcoin has been divided quite a few times. There had been a split where in result produced three or four new coins if I remember it correctly which are bitcoin gold and bitcoin cash and bitcoin white. This is due to the hard fork that happened for the correction in the blockchain.

Earning 10x the times is a good chance to profit from your investments. You say it like it is not a good profit but if you would be smart in your cryptos, this would mean a lot to you.

I think there's a lot of way of making it double but I also recommend to everyone to HODL their bitcoin because this year is the freakiest one that made the amount of bitcoin falls down for a long days that means my money decreases everyday I take a look to it and as I observe it before maybe its just the same as it increase its price so fast last year and now bitcoin still hard to increase its price. so don't make a refund to the campaign you invest or else you might have a wrong decision if it increase again its price.

Price currently correcting may be it will take some month to recover . Even based on your comment his prediction may come true but for curenct scenario bitcoin transaction fees and transaction time because of greedy miners ruining system . So there should be some regulation against these Greedy miners. Then bitcoin price will go to moon.

You are on the right track. Btc is a great idea at the surface. Then, when you start diving into the pinpointed things that make it hard to work with, it's frustrating and turns a lot of people off. When you have transactions costing $50-$100, it's simply not feasible. Couple that with the amount of btc being held by so few people, it goes against it's core principle... deregulation. When so few people can manipulate the prices of BTC... is it really deregulated?

When those people who pump the prices up stop trading because they've made their cash... look what happens to the value! It's down 20% or more day over day. Don't let these bots drive you into ruin on the hopes of a million dollar pay day.

Last year is the craziest year bitcoin had ever since because of how much the price has soared over a few months. A lot of controversies, speculation, and debates occurred over it. It is right to just HODL on to your bitcoin as this drop is just a result of a correction in the market and we could expect that it would recover after some time. Also, we can expect that it would surge new record in terms of price that will be higher than the price it achieved last year.

Right, just hold on to it. Its rough start i guess for those whos in need to incash bitcoin. But as far as i can see this is the best best time to invest. Buying now could lead to a 200+% profit in a few months, just hold and trust in bitcoin guys.

Spoiled mofo .... The only other business you can make 1000% gain is selling crack to kids....

25k in march, 50k in july, 100k around november and december.

It will happen. 635% is nothing compared to 1600% in 2017.

If that's the case, people shouldn't invest to begin with. The main thing with investing is that you use money that you know of that you won't be needing it in the foreseeable future. If you invest with money that isn't mean to be invested, you're just a dumb ass. If you are man enough to pump that money into Bitcoin, then be man enough to sit this out and stop complaining. The general mentality here is that you can 'rich' just by investing in Bitcoin, where you'll be counting your profits a week or two later. ::)

i wanna say nah it won't happen no more but then i look at lightning network and how fast it is being adopted (1000+ channels) and see the potentials that LN is going to introduce to bitcoin and say 1600% is small for it.

There is nothing wrong to speculate about a price like this in 2018,but i am sure that the market will have some reservations to reach those steep prices in a short period of time,this year we will be seeing regulations being implemented by different nations and hence due to these sort of uncertain moments i really doubt we will see some rally this year,for a rally to take place we need positive news and it is highly unlikely we will see a rally like we saw last year because of these regulations coming up around the globe.

Do you know how much money will have to pour into bitcoin to achieve that? It is easy to go from $1000 to $10,000. But it takes more and more money to move the market even by a few hundred dollars after that.

Basic rule of investing is that you only should invest money that you are willing to loose. People should more look at the long term but many start panicking when prices go down fast and will sell everything.

For sure we all know all of that since we don't want to take risk our money, as a matter of fact if we would just have the chance to trade without giving up our money we will do it, just like other people are doing that as much as possible what they are trading came from their earnings in bounty or signature and social media campaigns which is a wise decision for me. So no matter what, just believe in bitcoin and to ourselves.

No probs! Same old, same old! Not the first time bitcoin is going to be having a massive correction and a huge comeback anyway. He may be right, he may not, I also do not know the basis on which he decided to place that value, but that must end up being a pretty huge rally, no doubt! Last year had about the same start, so I am still very optimistic.

Pretty much, I've compared the drops and % of those drops from past years and at the time I was doing that the drop of january, this year, is at about half of what the % was back at 2016. But now it's a little more than a half at this time ($11k when I was making a post and it's $8.4k now).

Here's the post I've made about that: https://bitcointalk.org/index.php?topic=2794233.msg29195634#msg29195634

That is just worse, people think that investing some of their money that is supposed to have a better use in their current situation are being risked in cryptocurrencies. People jumping into crypto thinking that it is a good way to escape financial problems and achieve the financial freedom they always wanted are careless. They should know beforehand that investing in crypto takes time before you see the fruits of your labor.

I'm no TA expert to be honest, but I've been following analysis for quite some time now and its still 50/50 as far as hitting their predictions, although never heard of Kay Van-Petersen (probably missed him), but let's see how it goes. And those that I followed predicted that it bitcoin bottom at around $6K-$9K, then overtime it will rally and pick up and we can probably see all-time-high again. Pretty excited to see it though.


Investors specially newbies, thought that crypto is the latest craze that can give me big money in short amount of time. Its a rude awakening that is not a quick rich scheme to they sold the minute they see the price is falling down. I'm very bullish about bitcoin so I'm optimistic that we can go overcome this crisis on road to another all-time-high.

That is EXACTLY what I am thinking.  

The LN could be as important as a halving, and I am serious because it will make it as usable as a currency, or better.  According to their advertising, LN will have several times the capacity of VISA, and inexpensive fees.  

BTC is already a store of value/wealth, but to move it into a currency level of transaction ease will be HUGE.

THAT could change a lot for BTC, and it will only take the time for the word to get out and all of a sudden, BTC makes a lot of sense.

That would be great for the next halving and the lightning network can be applied, And during the dump of many panic seller I am just calm down and just chilling because I have seen how bitcoin struggle with this kind of things and like what the prediction may occur I might say let's just wait for that pump to come, I will say let's sit back and relax.