[2018-04-10] Bitcoin: The Harder The Fall, The Higher The Rise: $35K By Q4

[Terraformer]

The cryptocurrency market has fallen under intense pressure during Q1 of 2018, with Bitcoin down just over 50% from the start of the year. Many Altcoins have also seen their fair share of declines, with the biggest losers correcting upwards of 90% from all-time highs. Q1 was packed with action and drama including exchange hacks, exchange suspensions, increased regulation from China, Mt. Gox Bitcoin selling, tax talks, and SEC meetings in the United States. Uncertainty flooded the market due to these events with many cryptocurrency investors unsure if governments would ban cryptocurrencies outright, or just tighten up regulations in regard to initial coin offerings (ICOs).

Now smaller market cap crypto projects could soon be facing liquidity issues, preventing investors from selling out of their positions. The cryptocurrency market is fairly illiquid as is, and these steep declines do not help, should many investors choose to leave the market and close their positions.

Looking back in history, Q2 is often met with more optimism and bullish sentiment in comparison to Q1. Even more so now that we have many things to look forward to including Bitcoin ETF’s, and most notably, the Coinbase Index Fund that will give investors exposure to all digital assets. Exchanges such as QUOINEX, play an important role by using a bank-grade security system to protect data and assets.

Also, nations such as China seem to be moving in the right direction when it comes to regulation. China has stated that it will soon move in and begin to regulate cryptocurrency as opposed to an outright ban of the digital assets. Moreover, China now has a new blockchain fund with $1.6 billion, something which we have not seen before because 30 percent of the fund is backed by the Hangzhou city government.

With new investment products soon to hit the market, as well as nations around the world legitimatizing cryptocurrency with the talk of crypto taxes and regulations, it is safe to say that further adoption may be closer than we think.  In addition to the availability of investment products, we also have strong fundamental news to look forward to.

Scalability is a major issue in the cryptocurrency space, and we are seeing solutions in regard to scalability becoming more mature as they prepare to hit the market going into Q2 of 2018. Many are running on TestNets and will soon be deployed to MainNets in the coming months. This will surely shed positive light on the space and solve arguably the largest problem affecting cryptocurrency right now - scalability.

With scalability solutions launching for Bitcoin and other crypto protocols in the near future, more participants will be attracted into the crypto space. This is due to the fact that transaction times will be reduced in addition to the reduction of fees per transaction. This was a large complaint at the height of the bull market, that it was very expensive to send Bitcoin from one wallet to another, discouraging the use for commerce and trade between individuals. With the Bitcoin Lightning Network, we can look forward to faster transaction times and significantly reduced fees, making it easier and more cost-effective. Schnorr Signatures will also be looking to replace Bitcoins’ existing signature method by combining signature data together. This will clear up tons of space in the blockchain which will aid in solving the transaction backlog as well as the high transaction fees.

Continue reading >> https://www.forbes.com/sites/naeemaslam/2018/04/10/bitcoin-the-harder-the-fall-the-higher-the-rise-35k-by-q4/2/#13159c264c40

[CryptoBry]

There is a good trend right now of releasing many positive press releases convincing us that we should be prepared for an upsurge in the cryptocurrency market happening soon. Well, as one who is one of the many hodlers, am really truly wishing that things will be starting to turn around this 2nd quarter and into the 3rd quarter so that I can start encashing my acquired tokens from bounty campaigns. Who does not need money, anyway?

[kevoh]

$35k? I don't want to be less optimistic as a btc hodler myself for such price but I think the focus for now should be on scalability.  We should be talking of how Lightning network at 100% and full implementation and other possible solutions. The $35k being speculated will arrive  but of what use will it be if simple transactions will be carried at a higher fee just like in December?

[Umkar]

At least some positive forecasts and specific terms for the beginning of the growth of the crypto-currency market. True, I did not see the rationale for the fact that the lower the drop in bitcoin and the longer its correction, the higher its growth will be in the future. Everyone is already looking forward to a surge in prices in the market. However, I doubt that the price of bitcoin by the end of the year under such circumstances will rise to 35,000 dollars. Although everything is possible. We still do not know the possibility of bitcoin.

[Palmerson]

At least some positive forecasts and specific terms for the beginning of the growth of the crypto-currency market. True, I did not see the rationale for the fact that the lower the drop in bitcoin and the longer its correction, the higher its growth will be in the future. Everyone is already looking forward to a surge in prices in the market. However, I doubt that the price of bitcoin by the end of the year under such circumstances will rise to 35,000 dollars. Although everything is possible. We still do not know the possibility of bitcoin.

You don't know the possibilities of bitcoin. No need to generalize everyone. Bitcoin has always shown its vitality in different situations. These people who doubt will always become easy prey for the whales. I've seen a lot of these falls. Bitcoin will recover and the price of $ 35,000 is not the limit. Bitcoin can show more substantial results.

[Karartma1]

Soros and the Rockafella paid Forbes to make such predictions 
Not that I am against it uh! But Forbes' been a bit deceptive, devious and shifty when talking about BTC.

Love that headline though: The Harder The Fall, The Higher The Rise! Makes a good book name

[Taki]

Soros and the Rockafella paid Forbes to make such predictions 
Not that I am against it uh! But Forbes' been a bit deceptive, devious and shifty when talking about BTC.

Love that headline though: The Harder The Fall, The Higher The Rise! Makes a good book name

Really! No, of course all of us on the forum are true bitcoin believers and we dream about 35000$ price, but it simply may happen not so fast as predictors say; the drop can be many months long and we should be prepared for that.

[darkangel11]

Soros and the Rockafella paid Forbes to make such predictions  
Not that I am against it uh! But Forbes' been a bit deceptive, devious and shifty when talking about BTC.

Love that headline though: The Harder The Fall, The Higher The Rise! Makes a good book name

That's possible. Soros is a known manipulator that loves this tactic of paying shills or protesters to prepare grounds for investments. He was involved in the disturbances in Ukraine that lead to the fall of the government. There are even videos of Ukrainians saying how much they were getting for a day of protesting in 2014. He was also financed anti government protests in Poland in 2016. Let's sit and watch while it unfolds. It's going to be the game of the whales now.

[bbc.reporter]

The Harder The Fall, The Higher The Rise

Not necessarily. But the opposite is always true.

A quick and hard fall creates fear among the participants in the market, and it makes them more careful in coming back in. While a quick and sudden rise also creates fear when it starts to fall, making them careless and wanting to be first out the door, that will cause the quick and hard fall.

[entrepmind23]

There is even a significant reduction of transaction fees now before the implementation of lightning network so the implementation would attract more investors and users and in effect, higher demand and price. Anything can happen within the year and there is a possibility that the speculation of $35k may be reach even before Quarter 4. Even if the price is just going back and forth and not reaching even $10k for a month already, there is a hint that it may go back up soon because of various good news. This may be the change of market sentiment or the manipulation of whales. Either way, we are happy as long as the price recovers again.

[Karartma1]

Soros and the Rockafella paid Forbes to make such predictions  
Not that I am against it uh! But Forbes' been a bit deceptive, devious and shifty when talking about BTC.

Love that headline though: The Harder The Fall, The Higher The Rise! Makes a good book name

That's possible. Soros is a known manipulator that loves this tactic of paying shills or protesters to prepare grounds for investments. He was involved in the disturbances in Ukraine that lead to the fall of the government. There are even videos of Ukrainians saying how much they were getting for a day of protesting in 2014. He was also financed anti government protests in Poland in 2016. Let's sit and watch while it unfolds. It's going to be the game of the whales now.

The game cannot be undone now, it started already. Let's sit and watch while it unfolds, correct: we cannot do much when the game is played by these big whales. The only thing we can do is to hold btc and not fund their game on the exchanges. This is not our war

[Ruby Anderson]

These kind of positive predictions make my hope go up! As a BTC and ripple owner, (also starter cloud mining) i hope it was a good idea to by btc when it's on its' lowest and to wait for something good to happen, like this prediction!

[QuynhVu2302]

Actually, this is not the first time that the difficult time for BTC, history has proved to be worthwhile, and I am sure it will quickly recover in Q2, however the price will not be able to push up strongly. as before

[zarados]

The Harder The Fall, The Higher The Rise

Not necessarily. But the opposite is always true.

A quick and hard fall creates fear among the participants in the market, and it makes them more careful in coming back in. While a quick and sudden rise also creates fear when it starts to fall, making them careless and wanting to be first out the door, that will cause the quick and hard fall.

in addition to causing FUD (Fear, uncertainty, and doubt), the rapid decline in prices in cryptocurrency causes more and more people to assume negative to bitcoin when there is a mistake in their own buying at the peak price. But besides, the old players in cryptocurrency consider this moment is an opportunity for them to double the value of the asset. They also believe that The Harder The Fall, The Higher The Rise [/ i].

[BitHodler]

These kind of positive predictions make my hope go up! As a BTC and ripple owner, (also starter cloud mining) i hope it was a good idea to by btc when it's on its' lowest and to wait for something good to happen, like this prediction!

That's honestly speaking a pretty disturbing statement. It means that a simple article can change your mindset from positive to negative, and that's what manipulators are trying to achieve ~ they exploit your insecure nature.

Why should the market reach $35,000 this year without anything even remotely making Bitcoin's utility worth that amount? It will be worth that amount later on, but not in current time frame.

It comes way too soon and will likely again result in a massive correction. Don't forget that our bottoms are more of a growth indicator than peaks have ever been. Peaks only indicate speculation and hype.

I don't even know if the next bottom will either be just under or over the $10,000 mark.

[Alex077]

The cryptocurrency market has fallen under intense pressure during Q1 of 2018, with Bitcoin down just over 50% from the start of the year. Many Altcoins have also seen their fair share of declines, with the biggest losers correcting upwards of 90% from all-time highs. Q1 was packed with action and drama including exchange hacks, exchange suspensions, increased regulation from China, Mt. Gox Bitcoin selling, tax talks, and SEC meetings in the United States. Uncertainty flooded the market due to these events with many cryptocurrency investors unsure if governments would ban cryptocurrencies outright, or just tighten up regulations in regard to initial coin offerings (ICOs).

In general, you can agree with all the arguments, except for the number of 35,000, I think it is slightly overstated. Most likely, we wouldn't see such a sharp increase as in 2017, the maximum that can be expected is 25k in mid-December 2018. There are many reasons for this, and first of all, intense pressure from the leading countries.

[1Referee]

Don't forget that our bottoms are more of a growth indicator than peaks have ever been. Peaks only indicate speculation and hype.

Agreed. If we look at the bottom of last year, before the crazy bull run took off, it was $5550, where this year's bottom stagnated around $6000, which displays a tiny increase if you discard the peak in December. In other words, while people keep talking shit about the market being low and whatnot, we are actually still growing, but just not in their preferred manner. It's too early to call, but if $6400 turns out to be the next bottom, we yet again have grown, and it all fits within current calmer market. Growth is growth, regardless of how people look at things. Pumps aren't growth. People need to understand that.

[Kevinbind]

25k is hard to reach and I  would be more skeptical about it. But I agree with the statement that crypto will rise soon. This is not a bubble how Bank of America says