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Author Topic: $50,000 Bitcoin In The Next Couple Of Months?  (Read 1076 times)
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November 09, 2017, 06:46:11 PM
 #1


In his latest video, Mike Maloney ponders the questions 'Could Bitcoin hit $50,000 in the next couple of months?' and also, 'Is Bitcoin in a bubble and could it crash?' You may be surprised to hear how Mike answered these questions and the action he has taken accordingly.



Click here to watch this video:

https://mikemaloneyblog.blogspot.ca/2017/11/50000-bitcoin-in-next-couple-of-months.html

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November 09, 2017, 07:09:54 PM
 #2

it is hard to say that but when bitcoin Depend on law of supply and Demand  so Legendary Demand may cause 50,000
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November 09, 2017, 07:19:02 PM
 #3

May be in a couple of years but definitely not in months, there is allot to do yet. Lots of people still unknown about the advantages of Bitcoin. If everyone starts accepting it then we may see that price sooner.

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November 09, 2017, 07:29:18 PM
 #4

In a couple of month, I wouldn't bet it. But Bitcoin has already exceed lots of predictions.
To me, it's more than likely that it'll hit 50 k $ but not next year.

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November 09, 2017, 08:13:00 PM
 #5

BTC, has infinit potential to go up or down, big risk, big rewards 😺
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November 09, 2017, 08:35:18 PM
 #6


In his latest video, Mike Maloney ponders the questions 'Could Bitcoin hit $50,000 in the next couple of months?' and also, 'Is Bitcoin in a bubble and could it crash?' You may be surprised to hear how Mike answered these questions and the action he has taken accordingly.



Click here to watch this video:

https://mikemaloneyblog.blogspot.ca/2017/11/50000-bitcoin-in-next-couple-of-months.html


This is a bit click baity, no? First, it's presenting two diametrically opposed ideas: 1) could bitcoin reach $50,000 in the next couple months; and 2) could bitcoin be a bubble and crash?

So those are the two options to ponder, extreme upside or total devastation? Of the two, I'd consider a popped bubble far more likely than $50k btc in a few months. Anyone trying that hard for attention ($50k is an outlandish claim) should be viewed suspiciously.  And I wouldn't particularly trust anyone hawking both ideas at the same time. The non-informational baiting is the kicker: "You may be surprised to hear how Mike answered these questions..." Classic click bait wording.


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November 09, 2017, 08:55:38 PM
 #7

This is a bit click baity, no? First, it's presenting two diametrically opposed ideas: 1) could bitcoin reach $50,000 in the next couple months; and 2) could bitcoin be a bubble and crash?

So those are the two options to ponder, extreme upside or total devastation? Of the two, I'd consider a popped bubble far more likely than $50k btc in a few months. Anyone trying that hard for attention ($50k is an outlandish claim) should be viewed suspiciously.  And I wouldn't particularly trust anyone hawking both ideas at the same time. The non-informational baiting is the kicker: "You may be surprised to hear how Mike answered these questions..." Classic click bait wording.


In his latest video, Mike Maloney ponders the questions 'Could Bitcoin hit $50,000 in the next couple of months?' and also, 'Is Bitcoin in a bubble and could it crash?' You may be surprised to hear how Mike answered these questions and the action he has taken accordingly.



Click here to watch this video:

https://mikemaloneyblog.blogspot.ca/2017/11/50000-bitcoin-in-next-couple-of-months.html


This is a bit click baity, no? First, it's presenting two diametrically opposed ideas: 1) could bitcoin reach $50,000 in the next couple months; and 2) could bitcoin be a bubble and crash?

So those are the two options to ponder, extreme upside or total devastation? Of the two, I'd consider a popped bubble far more likely than $50k btc in a few months. Anyone trying that hard for attention ($50k is an outlandish claim) should be viewed suspiciously.  And I wouldn't particularly trust anyone hawking both ideas at the same time. The non-informational baiting is the kicker: "You may be surprised to hear how Mike answered these questions..." Classic click bait wording.


Yes, a bit baity but it is quite interesting as he says that both answers could be correct and goes into explaining the arguments for both cases, as we don't have anything similar in History to compare to.

He says bitcoin is probably part of everything bubble, which is a concept I hadn’t heard before. It is said that we might be in a stock market bubble, a bonds bubble etc. so bitcoin would be a part of the global one. This could be the case, but some people also argue that of the stock market crashed (or the bond bubble), investors would buy bitcoin as a way to protect their wealth.

He compares historic bubbles like Tulip bulbs, gold, pyramid scheme in California and Nasdaq. What I find missing here is that he is mixing two types of bubbles, the absolute and the relative ones.

The conclusion he reaches, that you have to put between 10 and 20% of your profits in silver, is quite reasonable, and he argues it quite well, but we have to bear in mind that he is an interested party.

Anyway, I've found it very interesting and educational, so I've subscribed to the channel.

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November 09, 2017, 08:59:19 PM
 #8

How likely is it that BTC will actually revert back down to 1-3k?
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November 09, 2017, 09:00:07 PM
 #9

Haha that would be amazing if that happened but I don't think we're going to see thaaat kind of growth in the next couple of months. I was thinking like 10k USD by Xmas and then see where we go from there in the New Year. Yes BTC has had a lot of success lately but that would be an amazing thing if it actually happened. I mean who cares, if it happens then great!
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November 09, 2017, 09:04:14 PM
 #10

I highly doubt it will reach 50k$. Let is be realistic for a bit. Bitcoin took many years to reach 7000$ and he is saying it can reach 50k$ in the next couple of months? I mean, I believe in the power of bitcoin for it is unpredictable. But not that unpredictable.

Furthermore, I believe it will take many years (with its fluctuated movements). I really hope it will reach that price because when it does, many people will find happiness.  

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November 09, 2017, 09:22:20 PM
 #11


In his latest video, Mike Maloney ponders the questions 'Could Bitcoin hit $50,000 in the next couple of months?' and also, 'Is Bitcoin in a bubble and could it crash?' You may be surprised to hear how Mike answered these questions and the action he has taken accordingly.



Click here to watch this video:

https://mikemaloneyblog.blogspot.ca/2017/11/50000-bitcoin-in-next-couple-of-months.html

Very nice video. I agree that bitcoin has a potential of rising up to 50000 USD because of its sudden price inflation behavior. The graph of logarithmic scaling was a mind blow for me by the way.
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November 09, 2017, 09:27:15 PM
 #12

$50,000 is a high level and studying the Bitcoin's chart for the few last months we can't predict that it will go up to this level just in the next couple of months. Bitcoin can hit this price but it will need more time most likely, maybe some other few years.

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November 09, 2017, 09:44:37 PM
 #13

i can see it reaching $50000 in 1 year
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November 09, 2017, 09:47:21 PM
 #14

Wow it is a huge amount of money, but i dont think that it is going to happen soon because we have to look at the facts too, not just on the charts and in those things that those people are talking about.
A lot of things involves and decides the price of bitcoins, if some governments decides to shut down bitcoin spreading thousands of fud, then it can suddenly go down and break the price, so it is very risky, but it can happen if you think about it for a few minutes.
but 50k is not going to happen by next year, but yes, it will happen maybe in a few years from now.


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November 09, 2017, 09:58:39 PM
 #15


In his latest video, Mike Maloney ponders the questions 'Could Bitcoin hit $50,000 in the next couple of months?' and also, 'Is Bitcoin in a bubble and could it crash?' You may be surprised to hear how Mike answered these questions and the action he has taken accordingly.



Click here to watch this video:

https://mikemaloneyblog.blogspot.ca/2017/11/50000-bitcoin-in-next-couple-of-months.html


I like him being an optimistic and he have some point. Nice.

But going back to reality, it's really hard to think that in just COUPLE of months or even dreamed on it that bitcoin could hit $50,000. That was a short timeframe and for that to happened, we need millions* of $$$ to be injected everyday at the bitcoin market without anyone dumping their precious coin which is impossible.

Speculation like that will boost moral for those who new investors who want to entered bitcoin investment.

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November 09, 2017, 11:20:35 PM
 #16

Even 50 thousand dollars sounds like a fiction price, it is not going to happen for now, everybody has a lot of attention in bitcoin and in the whole cryptos but it does not means that we are going to see the price over 50 thousand dollars by next year.
I think that it can get to 15k max by next year if we are lucky, we really need to see a bearish trend in order to believe a little bit more on bitcoin, but if it does not happens, then it might collapse in sometime when everybody decides to sell their coins.


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November 09, 2017, 11:38:31 PM
 #17

Few months?  Not years? Thats too fast dude. Anything that pumps fast will fall fast.  Want some example?  Checkout the graphs of XRP STR and bch.. All of them pump like theres no tomorrow. Look what happened?  Price dumped.

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November 09, 2017, 11:57:42 PM
 #18

I think that he must be extremely optimistic to say such a thing,Its not possible for bitcoin to reach such a high price that too in just couple of months.Already some people say this price $7200 now as a bubble and also such a high price in very small duration would be not good for progress of bitcoin.

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November 10, 2017, 12:03:40 AM
 #19

Even 50 thousand dollars sounds like a fiction price,

You sure that it was a fiction price? What do you think people are thinking when the price of bitcoin is $0.01 before? They did thought the bitcoin won't be reaching $1,000 and even now at $7,000? $50,000 is a big possibility that can happen so for now it's quite impossible and not reasonable for it to believe but it's going to happen we just don't know on when. The charts will say that it's arrow will be leading to the top.



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November 10, 2017, 12:05:55 AM
 #20

How likely is it that BTC will actually revert back down to 1-3k?

It will happen but with a very very low possibility. Bitcoin even pumped it's price before the speculated fork though it did not happened. BTC price lower than 1-3K is impossible these days, maybe next fork. $50K though in a couple of weeks, is possible since we are witnessing the doubling price power of bitcoin since the start of the year.



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