Bitcoin Price to Reach $10,000 This Year

[johnjin]

Novogratz, a former Fortress manager, made this bullish prediction in an interview with Bloomberg on Tuesday. He explained that bitcoin has value for the same reasons that gold does: scarcity, distrust of the central banking system, and consensus.

Previously, Novogratz has stated that he believes mainstream financial firms are preparing to make a splash in the bitcoin markets and ecosystem. In October, he said that this Wall Street “herd” will carry the bitcoin price to $10,000 within six to 10 months. However, the bitcoin price has already increased approximately $3,000 since then, making him confident that bitcoin will reach the five-figure mark by the end of 2017.

[ghonkz]

maybe early next year, and im sure that the price of btc will keep growing to 15k at 2018
people now start to addapt btc as currency they use it in a lot of aspect so yeah the price growing is absolutly possible

[johnjin]

In our thinking, a short investment time horizon would be a negative for the price of bitcoin. Alternatively, a long investment time horizon would be a positive for the price of bitcoin.

[jazmuzika217]

Novogratz, a former Fortress manager, made this bullish prediction in an interview with Bloomberg on Tuesday. He explained that bitcoin has value for the same reasons that gold does: scarcity, distrust of the central banking system, and consensus.

Previously, Novogratz has stated that he believes mainstream financial firms are preparing to make a splash in the bitcoin markets and ecosystem. In October, he said that this Wall Street “herd” will carry the bitcoin price to $10,000 within six to 10 months. However, the bitcoin price has already increased approximately $3,000 since then, making him confident that bitcoin will reach the five-figure mark by the end of 2017.

It is possible. Maybe first quarter next year BTC will really get high price. Im really looking forward to it. Thats the worst case scenario for the banks.

[herfie.chen]

Maybe it could happen Bitcoin reach to $10,000 in this year, if that happen is a good news and bitcoin will be a very profitable for long term investment.

[V1saya]

Novogratz, a former Fortress manager, made this bullish prediction in an interview with Bloomberg on Tuesday. He explained that bitcoin has value for the same reasons that gold does: scarcity, distrust of the central banking system, and consensus.

Previously, Novogratz has stated that he believes mainstream financial firms are preparing to make a splash in the bitcoin markets and ecosystem. In October, he said that this Wall Street “herd” will carry the bitcoin price to $10,000 within six to 10 months. However, the bitcoin price has already increased approximately $3,000 since then, making him confident that bitcoin will reach the five-figure mark by the end of 2017.

I guess that this is a very reachable target. We have to take note that Bitcoin right now is already beyond $8,000. Meaning, $9,000 is not hard to attain. That is just a few hundreds of dollars away. We are still in the month of November, in fact there are still more than 7 days left before this month comes to an end. We could easily claim the $9,000 within November. If that happens, $10,000 can be seen within 2017.

[helin9108]

Yes I also agree for this forecast even I believe bitcoin will touch 15000$ in next 1-2 years, because now a days most of the online sites agree to use bitcoin as a digital currency , in october we heard that the world's biggest online shopping site Amazon is thinking to add bitcoin for payment gateway , if this happen you can see bitcoin price 15000$ in april-2018, bitcoin's demand is increasing day by day.

[keycellko]

I believe it will. It has long been predicted. No amount of bad news will stop the growth of bitcoin. It has been proven. Late this year or early january i'm looking at 10,000 and 15,000 mark before the end of 2018. This will happen and noone can stop this.

[Amalker]

All might happened, $10k is not so far. But I think in the end of the year will be a correction.

[m_01]

It might flip to 10K USD soon

[v3liana]

it might reach more than 10k in segwit 2x. this is the best chance to start investing. and altcoin will rise too after that

[iblistenan]

make sense also reachable, but there also chance that bitcoin price will have litle correction at the end of the year. dont rely so much at bitcoin you can choose alt to invest too

[tricialugtu]

Do you think bitcoin will reach 10k before this year ends? because i am planning to buy but its price is way higher than last month. is there a possibility the price will still go down? Thank you!

[Herbert2020]

it might reach more than 10k in segwit 2x. this is the best chance to start investing. and altcoin will rise too after that

maybe you missed the biggest news of these last months for some reason but SegWit2x was cancelled and bitcoin price dropped about 30% because of it and then went up to break the $8000 record. and altcoins have been getting dumped ever since.

Do you think bitcoin will reach 10k before this year ends? because i am planning to buy but its price is way higher than last month. is there a possibility the price will still go down? Thank you!

there is always a chance of price going down in short term for whatever reason that we can not predict at this point, so if you want to invest for short term then you are taking a big risk. but if it is long term investment then there is not much to worry about, the chance of price going down in long term is very small.

[Ebenezar64]

BitCoin seems to have stabilized over 8k now which shows strength. Since we broke 8k I am a strong believer that Bitcoin will soon go up to 10k, mostly because it is a psychological barrier. But I also think that Bitcoin is due for a bigger correction since it is very parabolic right now in an ever tighter range. This growth is not sustainable and will have correciton. When and how low is anyones guess but since 10k will be a strong barrier that is my bet.

The I don't think all that money will be removed from crypto, sure there will be some profit taking, but many have money on exchanges and will instead move the money over to ALTs so I expect a boom in ALTs coming as Bitcoin drops.

But that is the thing with cryptos, you never know, Bitcoin could drop tomorrow or raise up to 20k before having its correction (since the closer to the parabolic top BTC comes the faster it will go). I opened a thread on what will happen when/if Bitcoin hits 10k a few days ago if you want to have a look at some of the discussions: https://bitcointalk.org/index.php?topic=2431547.0

[erick94]

I'm still not sure if the end of this year bitcoin touched $ 10000 in the next year I think it can touch $ 10000. because currently the price is still unstable and up and down so it will stay below $ 10000.

[omonuyak]

Scarcity is the major reason why bitcoin price remain bullish for the past 3 months!  My colleague who is into bitcoin exchange in localbitcoin said it is very hard to get bitcoin at a reasonable price now because of  many people are become awear of it and are also ready to buy and hold it.  Few are ready to buy others coins with become because of the way price of bitcoin keep increasing and before the end of this year we may be above $10,000 actually.

[akram143]

Novogratz, a former Fortress manager, made this bullish prediction in an interview with Bloomberg on Tuesday. He explained that bitcoin has value for the same reasons that gold does: scarcity, distrust of the central banking system, and consensus.

Previously, Novogratz has stated that he believes mainstream financial firms are preparing to make a splash in the bitcoin markets and ecosystem. In October, he said that this Wall Street “herd” will carry the bitcoin price to $10,000 within six to 10 months. However, the bitcoin price has already increased approximately $3,000 since then, making him confident that bitcoin will reach the five-figure mark by the end of 2017.

There is a possibility for bitcoin to reach $ 10000 at the end of 2017,but I expect the price will be $9000 because the bitcoin price is swinging in between $7800 to $8300 for long time maybe it needs time to get over this price so we can expect $9000 at the end of December.

[babsjoe]

The possibility of bitcoin reaching 10000 dollar is so real than ever before! Look at the chart and see unrelenting bull! Every resistant is broken as soon as they are reached! Bitcoin metoric rise is unparallel, unequal!

[Acguy]

I don't see why not we already reached all the way to where we are now.