[2018-01-23] A price for Bitcoin from $25.000 to $50.000 possible

[S3cco]

Kambiz Djafari: “A price for Bitcoin from $25.000 to $50.000 seems possible to me”:
https://bitcoingarden.org/kambiz-djafari-price-bitcoin-25-000-50-000-seems-possible/

In 2018, bitcoin’s price might reach $50 000 but nowadays growth by 2000% at current price is impossible, according to CEO and Co-founder at Edgecoin.io Kambiz Djafari. Before Blockchain & Bitcoin Conference Gibraltar, its organizers interviewed the future speaker concerning blockchain development and regulation in 2018, token sales and the forthcoming conference.

Q) Why is Bitcoin price growing? Are there any fundamental principles?

KD) Demand and supply. It really is as simple as this. Bitcoin has a groundbreaking technology in the blockchain. Since 2009, a lot has changed and technically more advanced products have hit the market, but Bitcoin is still the golden standard in Crypto Currencies and will keep this position for the foreseeable future....

[BitHodler]

I think for this year it's important to not fucus on the mad increase we have gone through last year. I prefer to be a bit more conservative and say that $20-$25,000 is pretty reasonable to settle at without lightning network.

At the moment lightning network opens up for the public, and it gets announced, I see an easy instant initial increase of +$5000 in just a single day, where panic buyers will keep buying the market up for weeks.

Altcoins will be going in the exact opposite direction at that point, which will make sure a major part of the hedged capital in altcoins will likely flow back into Bitcoin. I seriously can't wait for this to happen.

[CyberKuro]

Bitcoin supposes to reach $50,000 and even $100,000 by the end of the year, just one thing to be solved regards scale problem.
Bitcoin has to regain its utility appeal, not just being treat as a speculative object.
People want to use bitcoin as a way to transfer money all over the world easily and just pay low fees compared to other ways to do it such as remittance or wire transfer.
If lightning network really implemented, bitcoin price will recover to its ATH and reach a higher price, even may increase over $5000 in a single day.

[senin]

I think for this year it's important to not fucus on the mad increase we have gone through last year. I prefer to be a bit more conservative and say that $20-$25,000 is pretty reasonable to settle at without lightning network.

At the moment lightning network opens up for the public, and it gets announced, I see an easy instant initial increase of +$5000 in just a single day, where panic buyers will keep buying the market up for weeks.

Altcoins will be going in the exact opposite direction at that point, which will make sure a major part of the hedged capital in altcoins will likely flow back into Bitcoin. I seriously can't wait for this to happen.

Yes, for bitcoin and for crypto currency in general it would be better if the rate of bitcoin increased even though it jerked up and down, but slowly in the final cost. Otherwise, in the world of crypto-currencies storms will begin again, and the states will be set up to fight with such an unbridled bitcoin of ultra-high cost, because such wild behavior will in any case negatively affect the economy of all countries where it is located.

[dreamhouse]

Yes I firmly believe that this is reachable. In fact, think bitcoin be used like visa and master, and what price it will be then.

[CryptoBry]

I think for this year it's important to not focus on the mad increase we have gone through last year. I prefer to be a bit more conservative and say that $20-$25,000 is pretty reasonable to settle at without lightning network. At the moment lightning network opens up for the public, and it gets announced, I see an easy instant initial increase of +$5000 in just a single day, where panic buyers will keep buying the market up for weeks. Altcoins will be going in the exact opposite direction at that point, which will make sure a major part of the hedged capital in altcoins will likely flow back into Bitcoin. I seriously can't wait for this to happen.

I would already be so happy if Bitcoin can be able to get back to the $20K level it once reached back in December of last year. There seems to be some sort of sluggishness on Bitcoin maybe brought on by many factors internal and external. Right now, the whole Bitcoin community is still waiting for the deployment of the Lightning Network or something similar that can make all transactions cheap and fast unlike what we experienced last month where fees were laughable and were not reflective of what Bitcoin should be. On the external side, there are more forces now who are exerting effort and push to downplay the continuing growth of Bitcoin and the problem is that the market is listening to these forces...the bottomline is that demand and excitement are all affected. I am all waiting for the time when people will demand their right to own their destiny and not allowed the government or any institution to control them...in essence this is what Bitcoin and blockchain is all about.

[LuanX3]

It's really hard these days to comment on any more of these predictions. Usually people just blurt out what they want even without considering the consequence of what they are saying (look at McAfee). The problem next stems to people just hearing what they want to say, and thus they post, share, like or whatever the statement and this causes a media frenzy on people who also like what they hear. In the end, these kinds of news comes out. Not because they are well written news but more of just because people are hyping up something.

How can I say this? Just look at this news for example. Who the hell is "Kambiz Djafari" anyway? Who gave him the right or what did he do to have the power to predict bitcoin prices? Just ask yourselves that.

[Mamaecrypto]

After this adjustment it should start going up again. I think after tax season and the first half of the year we should see 25 and by the end of the year we might hit 100 and go for another big adjustment in early 2019. That is just my opinion

[CryptoComes]

When he grew to $ 4000, I sold it.
I had to buy again ..............

Yeah do it you will never regret
BTC will rise until all people have their BTC
 

[Lancusters]

When he grew to $ 4000, I sold it.
I had to buy again ..............

Yeah do it you will never regret
BTC will rise until all people have their BTC
 

All people do not merge bitcoin. The price dropped only because users are dissatisfied with the long process of solving the scalability issues of the unit. While no one misses the bitcoin. I guarantee you that as soon as the news that the problem with transactions is resolved bitcoin price to soar above $ 25,000 for a few days. After that, growth will continue and I would not be surprised if the price reaches $ 50,000.

[1Referee]

All people do not merge bitcoin.

Merge Bitcoin? What does that even mean?

The price dropped only because users are dissatisfied with the long process of solving the scalability issues of the unit.

No. If you look back at how full the blocks were even before the crazy explosion in price, it perfectly shows that it's not a problem at all for the price. If it was a problem, Bitcoin wouldn't be where it is today in terms of its price and adoption. The correction that we experienced this year was due for a while with how overbought the market was, and that without a valid justifiable reason. I call it a much needed healthy correction.

I guarantee you that as soon as the news that the problem with transactions is resolved bitcoin price to soar above $ 25,000 for a few days. After that, growth will continue and I would not be surprised if the price reaches $ 50,000.

I'll take that guarantee! Segwit is here already, so that is a decent first step if utilized more. The real K.O. punch will be delivered when Lightning Network enters the arena. The only important question that we all want an answer for, is when we will see LN being operational. I hope this year, but I wouldn't put my money on it. It has to be tested and tested, and tested, and again tested for a few more times - all to be sure that it's safe an won't have any amateurish bugs. In that regard, I wouldn't mind waiting longer if I know it's 100% safe and secure.

[Slow death]

https://bitcoingarden.org/kambiz-djafari-price-bitcoin-25-000-50-000-seems-possible

If he is right about this prediction then this will be a good year, it may not be a year like last year in terms of comparing price increases. But it will still be a good year

In 2018, bitcoin’s price might reach $50 000 but nowadays growth by 2000% at current price is impossible

unfortunately 2000% profit is even impossible unless people invest in altcoins and this will only increase the number of people who invest in alticoins.

Q) Why is Bitcoin price growing? Are there any fundamental principles?

KD) Demand and supply. It really is as simple as this.

there are many people who create thread to ask this question: Why is Bitcoin price growing?

this was a very objective answer

[Taki]

A year ago I thought that bitcoin's limit of the price is 3000$ and I mistaken few times. The last year we also had a deep drop after bitcoin reached 1000$ price, but in spring everything came back and bitcoin started it's crazy raise and broke one record by another. This year I expect to see something the same and 50000$ is possible price if everything will go by the last year's scenario, so, I am waiting and raising my founds meanwhile others panic and sell their coins

[btcone111]

$50K is indeed quite possible within this year.
After a week of sluggishness of bitcoin price, we seem to have forgotten how fast bitcoin could move when it moves!
After all, it is still quite a niche and small market by market capitalisation.

[Qartersa]

A year ago I thought that bitcoin's limit of the price is 3000$ and I mistaken few times. The last year we also had a deep drop after bitcoin reached 1000$ price, but in spring everything came back and bitcoin started it's crazy raise and broke one record by another. This year I expect to see something the same and 50000$ is possible price if everything will go by the last year's scenario, so, I am waiting and raising my founds meanwhile others panic and sell their coins

Great move! That is one thing that draws the line between Bitcoin believers from most of Bitcoin naysayers. It is because (most) Bitcoin believers use data to backup their every move whilst the majority of naysayers are playing pretend that they are Bitcoin experts especially when prices drop big time. They always have something negative to say especially when the prices suffer.

Nonetheless, in relation to your statement, I am doing the same with my Bitcoins. But apart from that, I am doing my best to earn more Bitcoins so I can hold more in preparation for the next big leap in 2018. I will make sure I will not make the same mistake as I did in the past whereby I easily settled for $11,000 when in fact it surpassed such value for almost twice the said amount.

[prehisto]

I think for this year it's important to not fucus on the mad increase we have gone through last year. I prefer to be a bit more conservative and say that $20-$25,000 is pretty reasonable to settle at without lightning network.

At the moment lightning network opens up for the public, and it gets announced, I see an easy instant initial increase of +$5000 in just a single day, where panic buyers will keep buying the market up for weeks.

Altcoins will be going in the exact opposite direction at that point, which will make sure a major part of the hedged capital in altcoins will likely flow back into Bitcoin. I seriously can't wait for this to happen.

I agree that usability is huge factor, and needs to be solved in order to have a future. But i fear that there is a lot of hidden agendas behind various powerful block chain developer groups which had been possibly preventing updates to be implemented. Lightning network could be one of the solution which could help BTC to evolve and get the momentum started for new ATH. Have researched the lighting network but did not find any information regarding their roadmap.

[qwerty4]

“A price for Bitcoin from $25.000 to $50.000 seems possible to me”
The statement is ironic.  It turns out that the opposite direction is also possible (under $12.000 as of today). Bitcoin's price is highly unpredictable.

[superjeyy]

It's really hard these days to comment on any more of these predictions. Usually people just blurt out what they want even without considering the consequence of what they are saying (look at McAfee). The problem next stems to people just hearing what they want to say, and thus they post, share, like or whatever the statement and this causes a media frenzy on people who also like what they hear. In the end, these kinds of news comes out. Not because they are well written news but more of just because people are hyping up something.

How can I say this? Just look at this news for example. Who the hell is "Kambiz Djafari" anyway? Who gave him the right or what did he do to have the power to predict bitcoin prices? Just ask yourselves that.

I couldn't agree more with LuanX3. With Bitcoin evolving over time, there's no wonder that the growth of it's value would continue to grow  as people would demand for something innovative and progressive to gain profits. However, the movement of Bitcoin can be so unpredictable. With speculations like this, it can be unrealistic as many people claim that they know the trends and all when in fact, even genuine experts can be wrong. Mmaybe these people would just want to spread hope at this time where the market has been on the low edge but let's all be realistic here, Bitcoin is uncertain. Only the present situations can dictate it's true value.

[lotto-fan]

Everything is possible, I wish bitcoin will go to $1,000,000, which is definitely possible but may wait for years. We'll see.

[mikan111]

If we talk in terms what is possible, everything is possible, but giving a statement on the possible value of bitcoin and the forecast price for this year is ridiculous because I don't remember that someone predicted last year's growth.