JohnnyLVC (OP)
Jr. Member
 Offline
Activity: 57
Merit: 1
|
 |
May 11, 2018, 09:40:25 PM |
|
These days crypto's are having a real tough time or I would say this year so far is not good for cryptos. Earlier this month we got news from UK where MPA's told treasures not to invest in bitcoin followed by harsh reviews from Dr.Doom (Economist in the USA) in a conference held in Los Angeles.
Even with negative thoughts and reviews this strong currency still hold faith in peoples mind because it has the power to change the things, the spirit has risen again 2 days back when "New research from Fundstrat Global Advisors places Bitcoin prices at $36,000 by the end of 2019, co-founder Tom Lee revealed on 10th of may."
Strategist Sam Doctor analyze the relationship of bitcoin mining cost and price and it has led the market research firm to predict the cryptocurrency’s range will fall between $20,000 and $64,000 by 2019 year end.
The calculations focused on Bitcoin Price to Mining Breakeven Cost Metric, known as P/BE, which Doctor says has “proven a reliable long-term support level.”
“We expect the mining economy to grow over the next several years, and project a BTC price of ~$36,000 by year end 2019 based on the historical average 1.8x P/BE multiple,” co-founder Tom Lee.
It's been also predicted by many strategists that the price of bitcoin will jump again to $20k by the end of 2018.
We are hoping for the best!
|
|
|
|
|
trupero_uno
Jr. Member
Offline
Activity: 210
Merit: 1
|
|
May 12, 2018, 12:49:43 AM |
|
I hope so as issued by the research result, but I don't know exactly what is researching method and limitation. I assume that some considerations have been carried out with certain parameters, just curious whether the popularity has been considered or not. Past histories of bitcoin, this name is not popular at all until 1-2 years recently specially on the end of 2017 as the amazing spike for price increasing of bitcoin. This increasing has attracted lot of big world-class people of entity to see bitcoin, moreover most of the countries has paid attention to crypto space until discussed during G-20 convention in last 2 months. By this popularity, more attention come into bitcoin then the price can't be considered as in the past. This is what I mean with the prediction of future bitcoin price relate with popularity, if popularity is high then the prediction should be not only historical data.
|
|
|
|
|
|
Fuhre
|
|
May 12, 2018, 08:57:13 AM |
|
I hope so too, so many new people who are interested in the world of crypto (bitcoin). but, in my opinion it is still too early to discuss the price in 2019 later. we the users, investors and markets, should focus first on the price in 2018 later, so the price at the end of the year will burst again as happened in 2017 ago. I'm sure the end of this year the price will pass through his new record.
|
|
|
|
|
|
magneto
|
|
May 12, 2018, 09:55:41 AM |
|
These days crypto's are having a real tough time or I would say this year so far is not good for cryptos. Earlier this month we got news from UK where MPA's told treasures not to invest in bitcoin followed by harsh reviews from Dr.Doom (Economist in the USA) in a conference held in Los Angeles.
Even with negative thoughts and reviews this strong currency still hold faith in peoples mind because it has the power to change the things, the spirit has risen again 2 days back when "New research from Fundstrat Global Advisors places Bitcoin prices at $36,000 by the end of 2019, co-founder Tom Lee revealed on 10th of may."
Strategist Sam Doctor analyze the relationship of bitcoin mining cost and price and it has led the market research firm to predict the cryptocurrency’s range will fall between $20,000 and $64,000 by 2019 year end.
The calculations focused on Bitcoin Price to Mining Breakeven Cost Metric, known as P/BE, which Doctor says has “proven a reliable long-term support level.”
“We expect the mining economy to grow over the next several years, and project a BTC price of ~$36,000 by year end 2019 based on the historical average 1.8x P/BE multiple,” co-founder Tom Lee.
It's been also predicted by many strategists that the price of bitcoin will jump again to $20k by the end of 2018.
We are hoping for the best!
I'd say that it's probably a bit optimistic, but it's most likely not going to be too far from what is actually going to happen. Bitcoin isn't going to have an ultra bullish year like last year in the year of 2018. 2018 is more likely going to be a year where the markets consolidate at lower levels and eventually find a bottom, where the support is sufficient to put us in position for the main recovery. If that can happen within this year, then I don't see a reason why BTC can't recover to close to its previous all time high given the timeframe of by the end of 2019, though I'd say a price more than double the ATH would be unexpected for me. |
|
|
|
|
|
Clark05
|
|
May 12, 2018, 12:51:57 PM |
|
Next year is 2019 and we don't know what actually price of the bitcoin even they are expert research , observation and traders they don't know what true happen. Yed they have probability to happen that if most people buy bitcoin we will see that price or more than we expect..
|
|
|
|
|
monalia
Member
Offline
Activity: 685
Merit: 14
|
|
May 12, 2018, 04:38:01 PM |
|
Experts also lives in the same world. Then how they are all predict the next year possibilities of Bitcoin this is completely decentralized platform so no one is controlling the Bitcoin and future possibilities of Bitcoin is unpredictable. So I don't believe the experts prediction, I know this will move forward
|
|
|
|
|
Idrisu
|
|
May 12, 2018, 05:59:45 PM |
|
$39,000 in 2019 still cheap to me and I disagree with this view. There is going to be some fundamentals issues that are going to push or pump bitcoin above that level in $2018. I think we just need to keep on holding our coins instead of selling out of panic of what is happening in the market.
|
|
|
|
|
|
Bestpromoter
|
|
May 12, 2018, 06:09:15 PM |
|
Where is the links that your statement is true. Researchers are doing what they can do to prove something like i do. Place here the links so that it can be verified. Those statements are just predictions we cannot say that it will truly happen in the year of 2019 because no one can predict correctly the future. But i am still hoping for that increasing in the year of 2019.
|
|
|
|
|
zhekinsp
Full Member
Offline
Activity: 882
Merit: 126
★777Coin.com★ Fun BTC Casino!
|
|
May 12, 2018, 06:23:05 PM |
|
In the meanwhile time anyhing can happen but evryone will be happy if tht prediction come true.And now the price is still ociilating between $9K to $10K for a long time so the resistance is still there.So we need to start holding our bitcoin to make the bitcoin price to recovery.
But anything can be possible in crypto market and nothing can be predicted so just act according to the current situation.
|
|
|
|
Denker
Legendary
Offline
Activity: 1442
Merit: 1016
|
|
May 12, 2018, 06:26:19 PM |
|
Well I'm not sure what to think about that.
Imo it's that hash rate is following the price and not the other way around.
Electricity is still very cheap in many countries and the hardware is getting better and better and cheaper with more competition entering the space now.
So people buying Bitcoin because more miners are mining doesn't make that much sense to me. But I'm no expert in that field so I might be wrong or don't understand certain aspects of the mining market.
|
|
|
|
|
|
bobo012
|
|
May 12, 2018, 07:14:59 PM |
|
It is all speculation. Reality is nobody knows what will bitcoin do. As they say in the Wolf of wall street its all fugazi. It may do something and then again it might know. I am bullish for bitcoin in the years to come, but nobody know exact price
|
|
|
|
|
richardsNY
Legendary
Offline
Activity: 1232
Merit: 1091
|
|
May 12, 2018, 08:50:20 PM |
|
I am bullish for bitcoin in the years to come, but nobody know exact price
That's why people are better off not expecting anything from the market, and especially so when it comes to the short term market. The only prediction I am sticking with, and that since last year, is that I expect the price to at least have touched the $50,000 level. It should be a realistic target with the events that we have coming up in the next few years. There are obviously no guarantees, but Bitcoin's future is looking solid and the price will definitely reflect that. I also wonder when we will be letting go of calculating prices in BTC. At such levels it makes more sense to use mBTC or something else representing a lower unit value. I know you can already use it on exchanges and other services, but I am referring to it becoming the default pricing unit. |
|
|
|
|
|
Jating
|
|
May 12, 2018, 10:05:36 PM |
|
I am bullish for bitcoin in the years to come, but nobody know exact price
That's why people are better off not expecting anything from the market, and especially so when it comes to the short term market. The only prediction I am sticking with, and that since last year, is that I expect the price to at least have touched the $50,000 level. It should be a realistic target with the events that we have coming up in the next few years. There are obviously no guarantees, but Bitcoin's future is looking solid and the price will definitely reflect that. I also wonder when we will be letting go of calculating prices in BTC. At such levels it makes more sense to use mBTC or something else representing a lower unit value. I know you can already use it on exchanges and other services, but I am referring to it becoming the default pricing unit. As for me, I don't want to put too much expectations right now so that I won't get disappointed if the price doesn't get to that in the future. Specially right now that we have been witnessing wild swings and no one can really predict where the price will go short/long term. I hope so too, so many new people who are interested in the world of crypto (bitcoin). but, in my opinion it is still too early to discuss the price in 2019 later. we the users, investors and markets, should focus first on the price in 2018 later, so the price at the end of the year will burst again as happened in 2017 ago. I'm sure the end of this year the price will pass through his new record.
That's the only thing we can do right now, to hope. I know that there are a lot of people who are willing to enter, but seems to be taken aback from what is happening specially in the beginning of the year. Again, I wanted to have a new all-time-high at the end of the year, but will be happy if we ever touch and see bitcoin in the 5 figure mark and let's see how it goes at the end of the year. |
|
|
|
|
Kidmat
|
|
May 12, 2018, 11:03:17 PM |
|
Market is so volatile were not certain yet if btc by year 2019 can reach the price as predicted by many. But I think as continues demands on btc their will be an increase. Many speculations though but since price decline I am onto hold of btc. Year 2019 we dont know yet what's the price so hopefully good news comes in cryptocurrency.
|
|
|
|
|
|
slackcryptoz
|
|
May 12, 2018, 11:09:29 PM |
|
Market is so volatile were not certain yet if btc by year 2019 can reach the price as predicted by many. But I think as continues demands on btc their will be an increase. Many speculations though but since price decline I am onto hold of btc. Year 2019 we dont know yet what's the price so hopefully good news comes in cryptocurrency.
Various predictions from expertise people were coming out, but we don't know what happens next. Everything is unpredictable with bitcoin, so we need to be ready to accept the growth as well the drop. I have the belief that it'll reach the $20000 mark at the earliest if it gains good support for a short without much negative news rolling out. |
|
|
|
|
|
thecodebear
|
|
May 13, 2018, 12:35:52 AM |
|
So basically they're using a historical average of the bitcoin price versus the cost of mining. Of course Bitcoin is anything but a smooth graph, which is why they said it will be in the 20k to 64k range. I think very likely at some point in 2019 it'll be above $64k, but may very well be near $36k after a crash if that were to happen in late 2019.
|
|
|
|
|
|
Fuhre
|
|
May 13, 2018, 10:22:38 AM |
|
I am bullish for bitcoin in the years to come, but nobody know exact price
That's why people are better off not expecting anything from the market, and especially so when it comes to the short term market. The only prediction I am sticking with, and that since last year, is that I expect the price to at least have touched the $50,000 level. It should be a realistic target with the events that we have coming up in the next few years. There are obviously no guarantees, but Bitcoin's future is looking solid and the price will definitely reflect that. I also wonder when we will be letting go of calculating prices in BTC. At such levels it makes more sense to use mBTC or something else representing a lower unit value. I know you can already use it on exchanges and other services, but I am referring to it becoming the default pricing unit. As for me, I don't want to put too much expectations right now so that I won't get disappointed if the price doesn't get to that in the future. Specially right now that we have been witnessing wild swings and no one can really predict where the price will go short/long term. I hope so too, so many new people who are interested in the world of crypto (bitcoin). but, in my opinion it is still too early to discuss the price in 2019 later. we the users, investors and markets, should focus first on the price in 2018 later, so the price at the end of the year will burst again as happened in 2017 ago. I'm sure the end of this year the price will pass through his new record.
That's the only thing we can do right now, to hope. I know that there are a lot of people who are willing to enter, but seems to be taken aback from what is happening specially in the beginning of the year. Again, I wanted to have a new all-time-high at the end of the year, but will be happy if we ever touch and see bitcoin in the 5 figure mark and let's see how it goes at the end of the year. I think we should never think of ever touching the number 5. this year we have to really move and start creating new records, if the new records are successfully re-created, I'm sure the price of 1 btc will reach a very high value and it will be a place of withdrawal for new people or users to enter the world of cryptocurrency. |
|
|
|
|
LeGaulois
Copper Member
Legendary
Offline
Activity: 2940
Merit: 4101
Top Crypto Casino
|
|
May 13, 2018, 09:18:55 PM |
|
The thing with strategists is they use too much statistics and mathematics (only big data are valuable for predictions (in my personal opinion)) Sometimes they don't consider an outside point (something that is not a stats, a math formula, or an algo) A price prediction is not only watching a graph on your screen and make some bets like in the betting horse.
Still I hope this one is correct in his predictions :p
|
|
|
|
Rage
Member
Offline
Activity: 124
Merit: 10
|
|
May 13, 2018, 09:33:34 PM |
|
No one can predict that, he is just trying to speculate over it in order to create more awareness, so the price can easily go up in a few months (just like it happened before with a lot of other important people) 36k is not possible in a single year.
|
|
|
|
|
pitiflin
|
|
May 13, 2018, 11:13:50 PM |
|
People say a lot of shit. Inconsiderate of how expertise of a research it is. McAfee said that bitcoin will reach 78k $ by 2018. Yeah right. Look, people believe in what they have to believe. This is why people like McAfee and this expert research dude take advantage and say shit. You always have to do your own research. And you have to be smart. If you're a dum - dum, then you suck.
|
|
|
|
|
