Forbes: Bitcoin to $35000 Bitcoin: The Harder The Fall, The Higher The Rise

[Daydream 61]

have fun reading and have fun while investing. I also think that the course this year will rise even better

Bitcoin: The Harder The Fall, The Higher The Rise: $35K By Q4


https://bit.ly/2IJ5t9n  

[KuyaBreezy]

Bitcoin has had a very difficult year so far characterized by dips in valuation, The fore mentioned value is attainable considering the potential BTC has but it will take sometime to get there.

[ostsee77]

the whales will come. More and more good news can be read today. that makes great hope for everyone. some rich want to invest in bitcoin as well and the eu should also promote crypto. you can read this in the www

[sabine80]

that would be nice. until then i can buy cheap coins. would be great if that really happens.

[Yaunfitda]

Bitcoin has had a very difficult year so far characterized by dips in valuation, The fore mentioned value is attainable considering the potential BTC has but it will take sometime to get there.

Correct, although we have been struggling in the last 3 to 4 months because of government hard stance against crypto and too many FUD popping everyday like mushrooms, it would still make sense that bitcoin can recover and bounce back.

But as far as $35K, I don't know if that is possible this year, it's like 5x or 6x of the current price so that is huge amount of money to get into the ecosystem. We need fresh blood to pump the market, but it seems that most of them are just mum and decided to wait it out before investing. But let's see.

[brooklynian]

I see this happening too. As far as I have known, the price of Bitcoin at the end of each year usually exceeds the previous year. The people who are investing now are wise because they will reap greatly. Bitcoin is definitely coming back up and bigger.

[eminemcookie]

There's a lot to suggest that the crypto market could and should move in an upward trend once a true bottom has been found (It's still too early to say 6k is that bottom) but it's unlikely that the price will surge like it did last year. People will be weary now and new money would not flow in so easily as people are better educated now as to what bitcoin is.

[camport]

I do believe that once BTC begins to gain momentum it will keep going up and up gaining momentum as people FOMO in. So 35k by Q4 isn’t wildly unreasonable

[justine11]

Indeed i agree with that although the price is struggling to get up because of government pressure and some FUDs popping up everyday i do believe the 6k isn't the bottom of the dip although the 7k-6k has a the strong support but i don't think it won't hold it any longer but when it reach the bottom i will rise again although it will not fast unlike happened on 2017

[tomahawk9]

Yet another speculator publishing a bullish article amidst the current downtrend, I'm all for optimism but I think this one is a bit overoptimistic for my taste. I find it funny how these traditional markets experts believe that they can predict future price movements in the cryptocurrency, the author even went as far as to predict an exact price ($35.000), which I think is a number that we won't see in a very long time given the current price and how massive the increase would be in just 8 months. Even if we get some kind of a trigger that can make the price skyrocket and starts a new bull run, 35k still sounds far-fetched to me.

[Gotottack]

As if Forbes is one the best news source for crypto.  

Remember that Forbes also has shills that promote some random ICO and as a result those ICOs can freely make use of the Forbes logo on their sites as something like a "badge" of approval! That's just basically it. Wake up people, don't fall into the FUD or Shills. Make your own research and base your decisions on that. A well-known news source doesn't mean they are right nor trustworthy.

[onnz423]

I really don't think that bitcoin will get anywhere close to $35,000 this year. There have been years where Bitcoin doesn't see any growth, and ends in the red compared to the year before. It does not necessarily mean it's doomed, but sometimes trends take more than just a few months to iron out. I think 2019-2020 will be the years when crypto really shines.

[wiser]

I thought the article was pretty well done and realistic. We saw BTC at 20K late last year, so 35K is not unreasonable. One element the author seems to be missing, however, is the possibility that an altcoin could replace BTC as the top cryptocurrency. Any cryptocurrency investor needs to be looking out for that eventuality. Even with the Lightning Network, BTC simply is not at the top of what's possible with the technology. In fact, BTC is a downright dinosaur already. There are other coins that have better blockchain technology, and when they also are able to be easily used by non technical people and integrate more seamlessly with traditional financial institutions, then BTC won't know what hit it.

[darkangel11]

I thought the article was pretty well done and realistic. We saw BTC at 20K late last year, so 35K is not unreasonable. One element the author seems to be missing, however, is the possibility that an altcoin could replace BTC as the top cryptocurrency. Any cryptocurrency investor needs to be looking out for that eventuality. Even with the Lightning Network, BTC simply is not at the top of what's possible with the technology. In fact, BTC is a downright dinosaur already. There are other coins that have better blockchain technology, and when they also are able to be easily used by non technical people and integrate more seamlessly with traditional financial institutions, then BTC won't know what hit it.

It's too soon for that to happen. Much too soon. Look how the market reacts to bitcoin's problems. When BTC goes down, the altcoins tank even more. People have already noticed that the less real merchant adoption the coin has the more it tanks in the bear market. XRP went down like a rock, LTC too, but the real "winners" were the foked shitcoins like BTG. It used to be worth 400 USD, even 500 on some exchanges, now it's at 50. That's 10% of its ATH, while the rest is holding somewhere around 30% of ATH.

[partysaurus]

nice to have some positive news to read, been alot of trashtalking about cryptos in general the last couple of months , have a feeling april will turn out to be a realy good month for cryptos, seeing alot of altcoins taking off even when bitcoin been in the 6000-7000 range for a week now.

[sindikat]

I do not believe that the lightning system can solve the problem of bitcoin transaction speed and price. It seems to me that scalability is a better solution. But that's only part of the problem. It seems to me that the main problem of bitcoin will be the fight against the government's attempts to regulate the cryptocurrency market. This can significantly reduce the interest of large capital in cryptocurrency.

[eminemcookie]

I do not believe that the lightning system can solve the problem of bitcoin transaction speed and price. It seems to me that scalability is a better solution. But that's only part of the problem. It seems to me that the main problem of bitcoin will be the fight against the government's attempts to regulate the cryptocurrency market. This can significantly reduce the interest of large capital in cryptocurrency.

LN is a solution to scalability issues. Scalability isn't a solution, it is the problem. If there is further regulation of cryptocurrency like has been proposed and suggested then we would likely see this make large institutional capital more likely to enter the market as they are better protected and are investing in to something more legitimate.

[cryptohunter]

once people realise these bullshit ico erc20 crap tokens are all the rest of the dreams and talk alts are done the flight back to btc will be quite huge.

you could see btc dominace levels back to 80 percent plus.

[Minus7point5]

its very rest assuring when you see major companies like this instilling confidence in investors about bitcoin.
$35000 sounds like a nice number, I agree, but how realistic is it?

[daarul50]

Do the speculation may be but not too excessive. In trade and investment, reversing the trend of price movement is not as easy as turning a plate when eating because it takes several factors that make the trend turn around. I am glad Forbes say so because it can create the suppressing influence of the various FUDs that circulate lately about crypto.