[2018-02-07]Cryptocurrency bull run imminent with bitcoin to hit $50,000 in 2018

[coin_lover]

Despite a shaky few months with hundreds of billions wiped off the total cryptocurrency market earlier this week experts are predicting a rebound with the market to bounce back with interest.

Experts warned the total value could break the trillion-dollar mark before the year is out.

Thomas Glucksmann of cryptocurrency exchange Gatecoin predicted a “rebound” to “all new highs”, which bitcoin value rising from around $7,000 to $50,000.

He told CNBC: “Increasing regulatory recognition of cryptocurrency exchanges, the entrance of institutional capital and major technology developments will contribute to the market's rebound and push cryptocurrency prices to all new highs this year.

https://www.express.co.uk/news/world/915882/bitcoin-price-prediction-cryptocurrency-bull-run-latest-stock-market-sell-off

[partysumo]

I agree with the overall sentiment, but $50K appears to be a bit too high, no? Besides, the improved regulatory climate has been a thing for about a week now, yet we haven't seen a green trend in the meantime. So the market is taking its time to react. As such, we probably will need a lot of time to reach $50K, if at all.

[richardsNY]

I agree with the overall sentiment, but $50K appears to be a bit too high, no? Besides, the improved regulatory climate has been a thing for about a week now, yet we haven't seen a green trend in the meantime. So the market is taking its time to react. As such, we probably will need a lot of time to reach $50K, if at all.

The thing with this market is that it will boom when people don't expect it to happen. It just requires a few large parties to pull the trigger, and the mass will follow. However, if we do want another bull run to get initiated, we need an actual development that will get everyone excited and pumped. It might be more future markets, or an ETF, but the main thing that could really spice things up, is lightning network. Important side effect of a full powered bull run is that the network may yet again get cluttered like what we have seen happen last year. It is something that while people are happy and excited about the price, shows us how much in need we are of lightning network, or at least more SegWit utilization.

[Jating]

With every massive drops like we witness in January, what follows is another bullrun that will end in another all-time-high. History repeats itself so its just a matter of  time when are we going to see the price pick up once more overcame this bearish sentiments. It's been a one step forward, two steps backward kind of movement right now. But when all the situations fell into the right pieces, I'm sure that we are going to see bitcoin marching and try to test $20K. Let's see how it goes after the Chinese New Year. I also believed that if we ever started to break the 4 digits again, we will never see it dipping at that levels for a long time.

For me $50K is a good number to begin with. I'm seeing around $40K-$60K at the end of the year. Although its really too early to call, but those price is a safe bet. We don't want to predict high amount and then be disappointed when we didn't get to it. Its better to set a realistic and doable price and not stretch something beyond our imagination.

[Gabb]

In fact that prediction seems quite conservative because if we take into account that the bitcoin started the year with a price around $13,500, that would imply a performance of just over 350%, which is ridiculously small compared to the performance of almost 1500% last year, and to the average performance of the top-ten cryptos. It is true that perhaps the market is sufficiently suspicious to expect an increase to $100,000, but this market is essentially unpredictable and surprising, so that such an optimistic scenario can not be ruled out either.

[BitHodler]

In fact that prediction seems quite conservative because if we take into account that the bitcoin started the year with a price around $13,500, that would imply a performance of just over 350%, which is ridiculously small compared to the performance of almost 1500% last year, and to the average performance of the top-ten cryptos. It is true that perhaps the market is sufficiently suspicious to expect an increase to $100,000, but this market is essentially unpredictable and surprising, so that such an optimistic scenario can not be ruled out either.

What people seem to forget is how low the actual money flow in this ecosystem was before we entered 2017. The sudden massive increase in adoption resulted in this market to experience more capital inflow than ever before.

That very well explains how we so easily could have gone up like 20 times within 12 months. It was just buy buy buy, sell, buy buy buy buy, sell, buy buy buy buy, sell, etc. While new capital came in, early entrants were stepping out.

A lot of these early entrants stepped out too soon, but you can't really blame them for that since no one could have ever expected the market to almost reach the $20,000 mark. It happened spontaneously.

It was an amazing achievement, but unfortunately not one that lasted long.