[2017-10-12] $10,000 Bitcoin Coming Soon As Bitcoin's Price Rallies

[iamTom123]

In A CNBC Fast Money interview, Michael Novogratz of Galaxy Investment Partners predicted that Bitcoin’s price is likely to be over $10,000 in six to 10 months.

Former Fortress Investment Group manager Michael Novogratz agrees that Bitcoin shows signs of being in a bubble but firmly believes that because of increasing investor interest we will see Bitcoin valuations in the tens of thousands of dollars. His bold claim is backed up by money too, as he has started a $500 million fund to purely invest in cryptocurrencies, ICO’s and related companies. $150 million of that money is his own and he plans the raise the rest from outside sources by January 2018.

“I can hear the herd coming,” Novogratz said.

Source of the material is here...

I am also optimistic that by next year the value can be able to go as high as $10,000 if there would be no major incident that can shake the confidence of the whole Bitcoin community. As we have seen lately, the market has already started to ignore unnecessary nuisance or FUDs (or FUD-proof as they say) and even that news coming from Russia was not taken into serious consideration (well, Russia remains to be an insignificant part of the Bitcoin volume anyway) though of course we are hoping they can be a part of the Bitcoin story as we have seen great interest from many Russians (these people are into ICOs significantly).

Are you optimistic that Bitcoin can be able to hit the 10K target next year or you feel that something will happen that can pull it again maybe back to 4K?

[okae]

Even 10k sounds a little bit now i'm really expected to see if finally LN could be done in a "friendly way" and  keep the spirit of the current btc, if this finally happen reach the ammount of 10k will be reach pretty easy, i hope for sure...

In the last months more and more big investors are loosing his "shameless" to bitcoin and don't care if people now know that they invest on bitcoin, something is changing more than people is thinking...

[BitHodler]

It seems that the overall bullish sentiment that was great already, has got an extra boost now it has gone past the $5000 mark. I can definitely see the market hit $10,000 before the end of next year.

But despite the fact that the bullish sentiment is taking over, we shouldn't just discard the hard fork in November. I still see that as a potentially major obstacle able to make the price sink down as fast as it went up.

Looking a bit ahead, even if we do happen to reach the $10,000 mark, I still consider that to be somewhat peanuts compared to what potantial Bitcoin really has. I might cash out some profits, but I'll do that just to trade the market.

[iram1011]

Bitcoin price has reached $5k+ today that all because of approaching BTG fork. People are abandoning altcoins and shifting their holdings towards Bitcoin that resulted into increased buying activity and hence price. Within 24-48 hrs, there might be a minimal drop as well. But price will remain bullish until Segwit2x fork. I am bit skeptical about the outcomes of Segwit2x fork.

Regarding price touching $10k by next year. There is high possibility that price will end up $10k+ by next year easily. Investor's interests will obviously increase as the ROI bitcoin offers in short period is way better than traditional investment assets. Earlier investors were skeptical about Bitcoin sustaining its price in long term and according to current trends cryptocurrencies can grow consistently at least for a decade. There is immense potential still left and market is still amateur. Entering right now will be highly profitable.

[2double0]

SNIP

Are you optimistic that Bitcoin can be able to hit the 10K target next year or you feel that something will happen that can pull it again maybe back to 4K?

4k is history and I don't think we might see those prices back. Some rigid decisions were taken over Bitcoins but that's the reason why we are seeing it at an ATH presently. 10k looks near to me once the 7500 stops are hit because going 30% high would not be hard once the newer high-rated resistances are met. Being optimistic has nothing to do with the values as we are just speculating while market movers are moving it where they want to. Let the 2x part be calmed down and see the magic in December.

[so98nn]

SNIP

Are you optimistic that Bitcoin can be able to hit the 10K target next year or you feel that something will happen that can pull it again maybe back to 4K?

4k is history and I don't think we might see those prices back. Some rigid decisions were taken over Bitcoins but that's the reason why we are seeing it at an ATH presently. 10k looks near to me once the 7500 stops are hit because going 30% high would not be hard once the newer high-rated resistances are met. Being optimistic has nothing to do with the values as we are just speculating while market movers are moving it where they want to. Let the 2x part be calmed down and see the magic in December.

Fork magic is already evident, we already crossed $5K, not just 5000 but it's 5200 now. But all depends upon general view of public. As it positive currently, so the price is/will rise. The view was negative before BCH fork and we saw $1800 from $3000 in July. So it is too early to predict that Bitcoin will make resistant at $5K. It can go $4k or lower if outlook turns negative in coming months.
$10K is not impossible, not very difficult too. But if we wanna see it too early then that could only be through speculations and if so happens then it will be temporary. It's always better to let fruit fully ripe and we should wait for at least 1 year to see $10K.

[2double0]

SNIP

Are you optimistic that Bitcoin can be able to hit the 10K target next year or you feel that something will happen that can pull it again maybe back to 4K?

4k is history and I don't think we might see those prices back. Some rigid decisions were taken over Bitcoins but that's the reason why we are seeing it at an ATH presently. 10k looks near to me once the 7500 stops are hit because going 30% high would not be hard once the newer high-rated resistances are met. Being optimistic has nothing to do with the values as we are just speculating while market movers are moving it where they want to. Let the 2x part be calmed down and see the magic in December.

Fork magic is already evident, we already crossed $5K, not just 5000 but it's 5200 now. But all depends upon general view of public. As it positive currently, so the price is/will rise. The view was negative before BCH fork and we saw $1800 from $3000 in July. So it is too early to predict that Bitcoin will make resistant at $5K. It can go $4k or lower if outlook turns negative in coming months.
$10K is not impossible, not very difficult too. But if we wanna see it too early then that could only be through speculations and if so happens then it will be temporary. It's always better to let fruit fully ripe and we should wait for at least 1 year to see $10K.

I know that we need to wait but the price isn't purely being derived from speculative aspects but the truth here is that, the more users know about Bitcoins the better because that's what is currently being looked as the major factor for driving the value so crazy we only imagined in our dreams. In a short span of time, Bitcoin showed more than 14% increase in its value when it triggered 5420 and this shouldn't be, in any ways, compared to a pump because forks were the constraints that stopped the growth continuity and now they are the reason why it is climbing sky high levels.

[pixie85]

I'm always stunned by the numbers. This guy had 150 million USD to invest, just like that, without breaking a sweat. I'm sure he's not all in but has more than that to throw around. That's crazy! While some people barely struggle to get $10k a year others throw around sums like half a billion USD and call it an investment fund
If this kind of money is coming into cryptos we are all going to get a piece of the pie I guess.

[CyberKuro]

$10,000 in 6-10 months, possible to achieve it. Bitcoin on rally is a good thing, but there will be always correction on every bull run.
2018 will bring a new hope for bitcoiners, but I doubt it will drop back to $4000 after it reach $10K mark, at least $5000 is the safe point if something bad happen.
Only 2 reasons why bitcoin price may crash, exchanges get hacked or a big country ban bitcoin such as 'China's ban news' back in few weeks ago.
Which maybe will not happen again, as China already did it twice in this year.

[Nameless27]

Those days will be nearing 10000$ is possible next year mid August, yes I agree to that. Then about this coming fork there’s no manifestation that it would make some impact to bitcoin price at all. Hoping it would not.

I have read a links shared here about the improveming numbers of investors from India as a result that this bitcoin price bull run to 5000$. I would assume this is continuous and reach a peak this year at 6000$ - 6500$ p/BTC.

[jekjekman]

It is roughly $170+ million is needed in the market capitalization before Bitcoin reaches that $10,000 mark and I am confident that it will reach that mark sometime next year or if fortunate maybe this year ends. I can imagine now that when Bitcoin reaches its market capitalization of $1 trillion then the possible price of a single Bitcoin would be $50,000 - $60,000.

I agree that a negative/positive publicity for Bitcoin is still good no matter what happen because people tend to realize that at the end of the day Bitcoin will still goes up and up.

[darkangel11]

It is roughly $170+ million is needed in the market capitalization before Bitcoin reaches that $10,000 mark and I am confident that it will reach that mark sometime next year or if fortunate maybe this year ends. I can imagine now that when Bitcoin reaches its market capitalization of $1 trillion then the possible price of a single Bitcoin would be $50,000 - $60,000.

I agree that a negative/positive publicity for Bitcoin is still good no matter what happen because people tend to realize that at the end of the day Bitcoin will still goes up and up.

50 thousand would make all of us little investors into rich people. In most countries $50k is a significant wealth, able to buy you a high grade car or a small flat in the city. If we add that doing small jobs for bitcoin can still earn you 1 BTC a year, most people on this forum will have 2 BTC or more at some point. It's going to change so many lives for the better.

[odolvlobo]

These widespread predictions of much higher prices are indications of a bubble.

“I can hear the herd coming,” Novogratz said.

I can see a huge crash coming, too.

... Michael Novogratz agrees that Bitcoin shows signs of being in a bubble ... he has started a $500 million fund

Selling an investment in a bubble is not very ethical in my opinion.