Bitcoin Forum

"Morgan Stanley has some good news for Bitcoin bulls, however: The 70 percent decline is “nothing out of the ordinary,” and what’s more, such corrections “have historically preceded rallies.” Just as the Nasdaq gained back much of what it lost in the subsequent years—before the financial crisis pared losses even further—bitcoin could similarly be ready to stage a strong recovery."
 
Source - https://www.forbes.com/sites/greatspeculations/2018/03/28/looking-ahead-to-20000-bitcoin/#646585822ec5

Great to always see good news of crypto in the news. Of course, the bear trends still continue but this piece of optimism is always nice.

What do you think?

i still doubt it's gonna reach $20K any time soon, considering the dips. ;D maybe in a few years

I think Morgan Standley had tried putting things right with his projection and the chat obvious of high price increase to about $20,000. It has just happened in the recent past, and I see no reason why it can not happen again. Though, so many are highly panicking of the effect caused by recent bitcoin price declinity. We shall soon be overwhelmed with joy sooner than later. Optimism is just the key aside holding.

Yes, it is always nice to hear good news, especially in such a market situation. But I personally do not think this will happen soon.The price of 20K will come back very hard in my opinion.  :-\

We must support like this news to all over the world, by we spread the good news from it It can help the value for the coin increasing, so with a lot of banning and regulation that slowing the hype of bitcoin, we must still strong to spread the good news, so people will attract to it

That would suck, I was hoping we could reach 20k again sometime this year. It would suck even more for McAfee cause if we don't get near 100k, I don't see his prediction coming true.

i hope many more good news like this coming.
we need this to help bitcoin jump back to 20k.so it will attract new investor to join.

I would still hope it can reach 20k :) it helps all coins and tokens

I agree that it does help boost other coins, but it doesn't help itself in my opinion. For me, Bitcoin still has to solve its scaling issues before I would really believe that it deserves to be at a higher price and value.

Morgan Stanley can easily be cryptomarket manipulators. If from this point optimistical forecasts and news gradually begin to appear, then it is possible, to consider that whales were already bought by cryptocurrency. Recently there was news about increase in number of futures on bitcoin for increase in the price and reduction of opposite contracts. With increase in such news and forecasts it is possible to expect change in the cryptomarket towards a bull trend

Nah, by December it will hit $100,000. ;D

It is nice to see such positive news coming out of wall street for bitcoin. Hard to know exactly but it could happen in any coming month.

Only $20,000? that is a bit low! It will go well past that during the next bull run. Historically it always rallies higher than the previous all time high so they should be looking ahead to $25,000 and above! Not sure when we will get there but i predict at the end of the year it will be higher than $20k

This is of course good news. His words and predictions to the god in the ears. And it is already tired of watching how the market falls every day.

My dear friends, this fall is just another turn in the life of bitcoin, which happened before and more than once and will happen again! If you look at the news then they are all good and optimistic, let's get patience and wait a bit!

Yeah when bitcoin was actually rallying these people were shitting all over it and now when bitcoin is dumping they are coming out with positive news and price predictions like $20k. Looks like they are looking for buyers to dump their bags on.

The market will recover, that's for sure.

But I think it won't recover until institutional money starts jumping in en masse.
We are talking traditional hedge funds, investment funds, banks, wall streeters, etc.
Last december saw an uprecedented rise in "normal money" flooding in.
That is, a lot of average people reacting on fomo that drove everything to new heights.

Now, as they are feeling the burn from having bought btc at 15 to 17k, they are collectively much more cautious.
And that trend is over so it's hard for me to see another normal person frenzy of money coming in.

The good news is, that market corrections are fantastic for attracting institutional money.
More than anything, they want to see stability, and even though to us we feel the market is bleeding, when you look at it over three months, it is actually quite steady.

My own personal predication is that in April is when we will start to see more money pour into the market.
Then all these tears on bitcointalk will turn to smiles lol.

Sounds very good, but unlikely to happen. I think the market will start to rise after some time, but it will hardly reach such high levels. But no one never knows.  :-\

Although in stagnant conditions, people's optimism of bitcoin is still fairly high, we can see it from the intensity of new users that continue to emerge. Bitcoin is getting harder to grow to $ 20.000 because bitcoin sales transactions are still too high among the weakest economies.

It could get to $20k, the price is not real. The price is being manipulated so you can sell your coins just so it could get to some rich person's wallet.

Not surprising to see yet another bullish statement to fight the massive amount of bearish articles we've seen over the last couple of days. At least it's coming from Morgan Stanley and not a random financial "expert" like we usually see.

I think we won't see 20k soon, but in the long-term a rally to a the previous ATH is obviously the most likely outcome that we're going to see after such a massive decline in the price.

Btw, this post should be in the Bitcoin Discussion board or the Speculation board.

I think what we really need is a bitcoin ETF (exchange traded fund)

When institutional buyers get involved and start buying huge quantities, prices will soar.

There have been quite a few positive news stories lately about regulators being surprisingly positive about bitcoin. I'm not sure if we need need a bit more regulation before we can get an ETF, but in any case when we get one, hold onto your hats as prices will blast well beyond $20k!

In a bear market, you should be cheering for Bitcoin, no matter if you support it or not. As long as it's the face of crypto, the overall market follows what it does. Shilling alts during a bear market is almost entirely ludicrous.

I hope that we could reach 20k again sometime this year. Recently there was news about increase in number of futures on bitcoin for increase in the price and reduction of opposite contracts and the market is developing.

I think that we are deceiving ourselves. The market is developing and it will never be the same. Instead of just sitting and dreaming, we have to adapt to the new conditions of the game.

It was almost $20k before the crash, that’s not a bold prediction.  I believe by the end of the year we’ll be above $40k and break $50k in Jan 2019 before it crashes back down to the 10-12k range.

I dont doubt that is going to reach 20,000 but it is not going to happen so soon. Bitcoin has not reached mass adoption where it can be used for everyday life. It is just right now a speculative asset but i see gradual adoption all over the world.

The forecasts are very different, I saw that investors predict 40,000 by the end of 2018, I would like to see this price. But what heights will reach the price, will remain a mystery

Well, that's a good read in this bear times.
Bitcoin could probably reach the $20K mark by early fourth quarter in my opinion.
Some say it could reach $40K or even exceed $50K at the end of the year.

I think the bitcoin will hit $ 20,000 again. There are too many bad news about Bitcoin and in the last two weeks Bitcoin is recovering and returning. Bitcoin will reach $ 20,000 by the end of 2018.

I believe in Bitcoin and I hope that Bitcoin will be around $20000 at the end of the year. I don't think that higher price will be good for the whole market, but $20000 would be great.

Corrections like the one we are in are common and should be expected in such a volatile market. I believe in crypto stays on the same path it is, 20k BTC will only be a small barrier in a much larger bounce.

Forbes knows whats right, this downwards trend cannot go on much further and the rebound will be intense. Going back to $20,000 will definitely be achievable and then surpass it this time around. At least we know at what level the ATH is, because the next step is going to be $30k!