[2017-12-26]Bitcoin could hit $60,000 in 2018 but another crash is coming

[hugeblack]

Julian Hosp

" I think we're going to see bitcoin hitting the $60,000 dollar mark, but I also think we're going to see bitcoin hitting the $5,000 dollar mark, said Hosp, co-founder and president of TenX, a firm that wants to make it easier for people to spend virtual currencies. "

Cryptocurrency entrepreneur Julian Hosp says bitcoin's rapid rise isn't over yet. But there's a catch.

"I think we're going to see bitcoin hitting the $60,000 dollar mark, but I also think we're going to see bitcoin hitting the $5,000 dollar mark," said Hosp, co-founder and president of TenX, a firm that wants to make it easier for people to spend virtual currencies.

"The question is though, 'Which one is it going to hit first?'" he said.

Numerous high-profile critics and several national governments have warned of the dangers of investing in cryptocurrencies, which they say are likely to crash because nothing underpins their value.

Hosp's forecast would represent a $45,000 rally from the current price of bitcoin — or a $10,000 collapse, underscoring the volatility of the world's largest cryptocurrency.

An extremely volatile asset

After rallying to a record high above $19,800 midway through December, bitcoin prices collapsed last Friday. The digital currency lost a third of its value in a single day, briefly sinking below $11,000 before regaining some of the ground it lost.

Bitcoin traded at $15,185 on Tuesday, according to Coinbase.

"For experts that have been in the market, this was actually a welcome dip," Hosp told CNBC's "Squawk Box".

Source : https://www.cnbc.com/2017/12/26/bitcoin-price-in-2018-could-hit-60000-but-another-crash-is-coming.html

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[Qartersa]

This is what I have been fearing about considering that I would not know when the cap is before hitting rock bottom, if ever it will really take place. In the same vein, I am wondering how they ever come up with these predictions when Bitcoin's rise and fall is hitting a heavily fluctuating button. Nevertheless, I hope it would definitely hit $60,000, and by that time, I am sure Bitcoin's demand will go insane.

[richardsNY]

Doesn't hold much value. At this point anyone can throw with unfunded predictions that we don't know of how they will play out. It makes no sense for the price to go up that much, and to fall down to $5000 again. I can definitely see a deep correction if we do happen to move near such levels, but it would likely be similar to what we have experienced very recently. If there is or was a time the market had chances of dipping below the $10k level, it would have happened a few days ago already. Another thing that people tend to ignore, is the fact that we are constantly seeing higher bottoms, and this is something that will continue to stretch out over the upcoming years as well.

[Slow death]

Funny how he does these predictions, there is no convincing proof that the price may even drop to $5000. all he said was, "I think." This makes me wonder why he is making $5.000 price drop and price increase forecast for $60.000. note that the current price is $15900 and Market Cap is $272.339.708 625 USD. to have a price of $60.000, we will have to raise the current price by 4x and I do not even talk about Market Cap. I believed in these analysts, but now I see that many of them are trying to spread fear to take advantage of the situation.

"I think we're going to see bitcoin hitting the $60,000 dollar mark, but I also think we're going to see bitcoin hitting the $5,000 dollar mark," said Hosp, co-founder and president of TenX, a firm that wants to make it easier for people to spend virtual currencies.

[yojodojo21]

Nobody knows what is really going on, in to the world of crypto. we hear all about just news or some predictions but all in all who cares? Investors are investing because they are risk takers, they put all in and if it crash it's not their fault and should not be their regret. Everything that goes out from a pocket must be a wise and firm decision. If satoshi nakamoto could just answer us we will not be wandering how's crypto going.

[posi]

I slightly agree with Julian Hosp prediction because bitcoin dump in price won't reach the $5000 she mention but I beiieve the pump in price range of $60,000 will first happen before the dump occur.