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So far, 5,000$ is the only bottom value of bitcoin that is being recorded in the graph for this year. I really believe that the 5,000$ value will be the last lowest value bitcoin will ever have. So instead of reaching its bottom, it's reaching the other way around giving a little push for bitcoin's market value.
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Not all prediction will hit as predicted and BTC reaching 50,000$ this year is quite not probable. I still believe in the remaining months of this year just like what happened last year so i think 1BTC will only reach 20,000$ again if granted that what happened last year will also happen this year.
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The future price of bitcoin is hard to predict and no one can really predict how much 1BTC will cost for an investor. But if one of the predictions of bitcoin in the future will come true, then i will not be surprise anymore if it will reach 100,000$ per BTC.
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As we can see on the graph, bitcoin has fell to 5,000$ few times this year but i didn't see any big rally yet as the bearish market continues. I think a big rally will happen when bitcoin breaks some of the key resistance around it.
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That seems to be very low and quite impossible to happen because the lowest price bitcoin has stepped down this year is only around 5,000$. I also believe that that will only be the lowest market price bitcoin will incur this year.
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News plays a major role in the progress of a crypto like bitcoin. A news can be a good or bad and sometimes FUD are spread through news that scare other investors to invest or make other crypto holders to sell off their cryptos.
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I am not expecting much if bitcoin will reach again its highest market price attained last year because it might frustrate or disappoint me. For now, i am just giving myself a good upliftment of my morale to keep on holding my cryptos as the market continues to crash.
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As far as i know, cryptocurrencies' volatility is due to the demand of the people. Arising demand and declining demand is one of the reasons why bitcoin prices hurl its price up and down without even any warning.
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Bitcointalk name: ELOCIN
Rank: Member
Current post count: 191 + this post
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Presently, saying something about bitcoin right now is quite difficult, the future of bitcoin is unpredictable even the experts doesn't know exactly the possible outcome of bitcoin. Though each and everyone of us have own thoughts but in some point we need to consider all the possible downfall of bitcoin and other crypto currency. I believe that bitcoin will increase and go further hopefully.Presently, saying something about bitcoin right now is quite difficult, the future of bitcoin is unpredictable even the experts doesn't know exactly the possible outcome of bitcoin. Though each and everyone of us have own thoughts but in some point we need to consider all the possible downfall of bitcoin and other crypto currency. I believe that bitcoin will increase and go further hopefully.
To sum it up, bitcoin will really have a bright future even if we have a very bad situation of the cryptomarket today. Eventually, the market will also becoming healthy as soon as bitcoin is going to recover from its dip. And with the continuous emerging of blockchain based industry, bitcoin's future will surely be bright as usual. |
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How can you be sure if bitcoin will never exists anymore in the next 10 years? Remember that bitcoin has already spread throughout the world like a virus, bringing good news and uplifting the economic growth of those countries who had embraced the said technology.
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What i have on my mind is a tough decision an ordinary investor can have. Prices may fall so deep but my long term plan will always be my biggest concern as i am looking forward for the bigger picture in the coming future.
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I only believe it when they can really tell exactly what's going to happen on bitcoin's price daily, weekly or monthly but that doesn't mean that i will always believe on it too because we know that anytime, bitcoin's price will fall in a drastic manner.
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Again, despite what you yourself have hidden and in what quantity. I think a couple of three years you can play with cryptocurrency. NOT TO SELL!
Selling everything is like putting your dreams into dim. If you are a strong believer of crypto, you should not even think of selling your precious cryptos anytime at a lower price. I am not going to sell of every crypto that i have because i believe in their future. |
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Any prediction without serious analysis is only shooting on blind.
In my own and humble opinion, bitcoin may rise starting the next month until 2020 but 91,000 is a very high price for bitcoin to achieve in that span of time only. I am one of those believers that bitcoin will reach a hundred thousand but not on 2020 but on the next few years starting that year. |
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I think nobody has controlled the market because the market cap depends on the demand of people. It may be true that there are whales who are trying to manipulate the market for their agenda but why bitcoin isn't dropped to 4000$ if they really want to manipulate it?
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Nobody can stop them if you are not taking care of your crypto wallet. Keep your wallet safe most of the time and don't be too careless to fall in their bait because once they got an access on it, then it's sorry already and keep it mind to always put security on your top priority.
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We are free whatever we want to our cryptos and trading them at a reasonable price to gain profit is what we really wanted. Selling your crypto may affect the current price but at least, you are not selling it during crashes.
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For newcomers in digital currency, i believe that they have better mindset that those of who are already in cryptos in awhile. But most of crypto who have enough knowledge and experience, this topic will have an answer of NO.
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I wish it will start anytime soon because i am locking the bitcoin ( bitcoin that i bought last February) until December. If bull run starts in the 1st month of the last quarter then i expect i will have a very good ROI because of the fact that i bought bitcoin during the dip.
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