[2019-06-06] Traders Wager On Bitcoin Hitting $50,000 Soon

[BTCNN]

With present happenings in the crypto market and rumours about circumstances surrounding 2017 all-time high price of bitcoin, it looks daunting whether we’ll hit nor surpass the existing record set by bitcoin anytime soon.

Some recognizable names in the crypto world are committed to sending bitcoin’s value down to Zero.

Fortunately, some trades are optimistic about the direction of the most valued cryptocurrency, bitcoin. In a recent report by WSJ, it shows some sizable numbers of traders wagering over bitcoin’s price.

Full Article: https://www.btcnn.com/bitcoin-news/traders-wager-on-bitcoin-hitting-50000-soon/

[CryptoBry]

Fortunately, some trades are optimistic about the direction of the most valued cryptocurrency, bitcoin. In a recent report by WSJ, it shows some sizable numbers of traders wagering over bitcoin’s price.

These traders are just following the trend right now but once solid evidence will emerge that bitcoin winter is coming back they can easily change their attitude and stand, I am sure. At any rate, the market remains positive that the current dip will not last for weeks and that bitcoin can soon get back where it left off. Or so we are hoping that way as I hate to be negative for bitcoin...if we were able to wait for more than a year in the winter then there is no reason we can't wait for days.

[Kemarit]

Did they include the "Time Traveler" as well?

Seriously though, everyone is here because we speculate that the price will go on another all-time-high in 2020-2021. It's a speculative market, so expect traders to really bet that the price could go on $50,000 or even in the six figure price. And that's what makes this market very interesting for most of us, what if the market hits that high's again, are you ready for it?

[BitHodler]

Or so we are hoping that way as I hate to be negative for bitcoin...if we were able to wait for more than a year in the winter then there is no reason we can't wait for days.

I think there is a difference between being actually negative or short term bearish on the price. Nothing is wrong with the latter and it can even help you be more rational with your decisions.

People forcing themselves to be positive no matter what end up suffering the most. You're not anti Bitcoin if you sell some after a significant increase because you think the price might go down in the coming days or weeks.

2018 was a year where people who were overly bullish completely disregarded the bear market. It must have been a horrible ride down to $3000 while cashing out profits during the bull run would have prevented that.

[dunfida]

In this speculative market,these kind of bullish views can really be seen everywhere neither it came from average joe's to set of traders or even on famous personalities
and as said above this is what make this market very interesting.It might able to hit up prices which we didnt expect just like on previous ath's.
On upcoming halving we might see an another event but sometimes being too optimistic isnt really good to look at specially with those $1M per coin. hehe

[pixie85]

I take predictions like that with a grain of salt because there's always plenty of strange people with extreme views. 50 thousand dollars this year can be put into the same basket as 1000 dollars promoted by some other popular traders.

Before anyone believes starts believing in 50 thousand he should read some predictions of Max Keiser and Tom Lee from 2018.

[bbc.reporter]

That is a poorly written article. Who made the wager, how much was wagered, what were the terms of the wager? Clickbait and hype.

Also, those traders should be taking long positions, not wagering on the price hehehe.

[Distinctin]

I would take a bet to those who said bitcoin will go down to zero, I'm willing to bet my life savings on it with a 1:10 odds.
Let them do the betting, they have their own analysis and they believe on it, so it's just normal, we are just speculators in the market as we never know what really is the future of crypto in the future, in fact when investing, we are just betting on the future of bitcoin.