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cioloxl
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May 28, 2018, 04:54:56 PM |
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Trusting people from the btc foundation to make price predictions for bitcoin is like trusting a priest on news from god. I am honestly taking everything into consideration, and no matter how optimistic I am, I can't make a prediction like that. What I can tell you is that these huge swings show one things: absolutely nobody knows where bitcoin is going. We don't even know if we can take it to mainstream use. We're certainly trying, but I think price predictions without a proper explanation as to why it would be going in any direction is useless and childish. Why 10,000? Why 100,000? What are these figures based on?
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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jaysabi
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May 28, 2018, 06:06:10 PM |
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I really miss those disclaimers those who give financial / investment advice used in past eras where they said: "said person is not currently invested in the thing they're currently offering advice on". Objective and independent analysis is critical in gauging things like future price projections. Its very hard for someone to be either objective or independent if they invested $50,000 in gold/silver or $50,000 in bitcoin which is often the case for those offering investment "advice". And so perhaps it is a worthwhile goal to be cautious and practice "caveat emptor"(buyer beware) when pondering things some say.
I think the three main variables when considering future bitcoin price might be broken down thusly.
1. The state of the us dollar and european euro. If debt and deficit increases for either the USA or EU the value of bitcoin and crypto should increase. Concern over the stability and reliability of fiat currency is one of the main overriding factors determining how badly precious metals and crypto currencies are in demand for a populace which is seeking ways to maintain the value of their wealth in the face of worse case scenario fiat devaluation or hyperinflation. Currently there are many nations in the world which are dealing with currency devaluation/hyperinflation scenarios. The USA and EU may be the last to feel the threat of this but inevitably if nothing crucial changes they are both likely to end up in trouble eventually.
2. Worldwide regulation and potential legal crackdowns on bitcoin and crypto. How and when this is implemented could have a future impact on price. I think everyone knows most potential scenarios here.
3. Lastly I think demand and the size of crypto's userbase is the final main factor. How educated and informed crypto's userbase is and how well they support the right altcoins and policies could make a massive difference.
Of course this is all off the top of my head so maybe not the best breakdown but hopefully I gave someone something worth pondering or reading.
I think of the three you listed, number three is the most important and impactful. I don't see number two having a serious negative affect since it would only be improving the structure crypto exists within and bringing more confidence to the system. If number one is having any meaningful impact, the world has already gone to hell and is may be irredeemable. At that point, the last thing you should be worried about is how much money you're making with crypto, because the world likely doesn't function the way it does currently with people economically confident enough to speculate and invest and are probably just struggling to survive. Number three is what impacts the price now, and if that stops being the case it's probably because number one happened and goodbye world economic stability. |
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Skyshark
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May 28, 2018, 06:26:03 PM |
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I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.
We all have to remember that this was just a pure speculation. Those two guys you're referring to may only be expressing their own theory or their own desires for bitcoin. Hoping against all hopes that their theory can become a reality. We all have our own speculations, and i do believe that whenever we speculate it is always on the positive side. Come to think of it, I also happen to read somewhere an item about one analyst saying that, a very positive upsurge in bitcoin price is bound to happen before the end of the year. We'll it certainly looks like there were many things to look for at the end of the year mate. |
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andisuk
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May 28, 2018, 06:54:51 PM |
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I'm sure of that too, and I think next year bitcoin will be more developed and if it is downhill I will not get under $ 10000 and I hope the best for future bitcoin
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kodtycoon
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May 28, 2018, 07:55:25 PM |
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I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.
But I've read in an article if bitcoin will increase again in the year and the article says if the year's high increase will happen even it will surpass the previous high value and he also says that this is the last one. Given this thread, I have high confidence if we keep holding is the right decision. |
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Similificator
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May 28, 2018, 08:33:25 PM |
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I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.
Well, I think that such claims come from the analysis that the people made out of the past charts or movements of bitcoins which may be reliable but not that much. But to be honest, I too believe that this might really be the last year that we might see the prices of bitcoins being lower than 10,000. That is, if what happened in the past still happens this year.. |
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Yaunfitda
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May 28, 2018, 08:41:01 PM |
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I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.
Well, I think that such claims come from the analysis that the people made out of the past charts or movements of bitcoins which may be reliable but not that much. But to be honest, I too believe that this might really be the last year that we might see the prices of bitcoins being lower than 10,000. That is, if what happened in the past still happens this year.. We have heard that many times before, saying that this will be the last time we are going to see bitcoin at $10K. However, we are even struggling to go past $8K now. So much volatility in the market that no one can really predict where the price will go. Perhaps the reason that they are really saying that this year is the last time we are going to see it going below 4 digit mark is that they are bag holders and they want to influence the market and obviously their portfolio to grow. |
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Chint_82
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May 28, 2018, 09:13:59 PM |
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I also know less about this, perhaps because of my kyrang experience in crypto, but what I believe is, whenever btc or altcoin falls, it will be a while back then again to the original position, even higher, so this makes me sure that no matter how much the decline, btc or altcoin could rise again, and hopefully this is true, amen
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randyboy
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May 28, 2018, 09:22:21 PM |
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The volatility is in there it might be disappear or grown up because we all know that the speculations it will be wrong or not so definitely the value of btc are not longer to $10k because of its daily basis that depend on who will invest on it, so we don't know it yet.
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blockman
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May 28, 2018, 10:26:08 PM |
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IMO, bitcoin economics is tied up with the normal economics.
There are factors that I've seen to have these two share both pains, you can see that bitcoin market isn't the only one that is suffering with this big correction or manipulation. I'm stay positive and looking forward to meet those predictions who are saying that bitcoin will be good at the end of the year.
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bintangkejoraku
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May 28, 2018, 10:30:58 PM |
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I do not believe in anything like that. many experts say if the year 2018 bitcoin prices will be very high, but until now there is no sign if the price of bitcoin will rise.
I also do not believe on that, first of all everyone knows that no one can exactly knows what will really happen may it be this year or even in incoming years. One thing i am sure about is that bitcoin will not disappear because people were now interested and willing learn about it and i guess it would last even if i die, im sure bitcoin will still be there. they just say what they think will happen in the future against bitcoin. of course we all here can also say it, the higher the confidence to bitcoin then it will make high price predictions as well. |
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kendedese
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May 28, 2018, 10:44:03 PM |
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I do not believe in anything like that. many experts say if the year 2018 bitcoin prices will be very high, but until now there is no sign if the price of bitcoin will rise.
I also do not believe on that, first of all everyone knows that no one can exactly knows what will really happen may it be this year or even in incoming years. One thing i am sure about is that bitcoin will not disappear because people were now interested and willing learn about it and i guess it would last even if i die, im sure bitcoin will still be there. they just say what they think will happen in the future against bitcoin. of course we all here can also say it, the higher the confidence to bitcoin then it will make high price predictions as well. I just want to say two things here. First if you make a prediction, it must be reasonable or not impossible. second if experts make predictions then there will be many people who listen to it. |
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victoryana
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May 29, 2018, 03:05:16 AM |
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I have read a newspaper that Bitcoin is still traded underground in the electronic money community as speculative hoarding, or trading surfing. But we should not speculate on bitcoin or other currencies
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BILGPS
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May 29, 2018, 04:40:17 AM |
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For speculator bitcoin is good to use for speculation and in the present time people are interested more in the crypto while investment trading and speculation all deal in crypto. Bitcoin is good to hold and it is also a long term investment tool while diversification is good and just to speculate bitcoin about prices is a way to make money in short.
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mung_nasib
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May 29, 2018, 09:53:57 AM |
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If bitcoin prices till a fall it must have caused great concern for investors but I have till now tried to keep optimistic in earnings and hope bitcoin does not decrease drastically in this year.
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ss890
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May 29, 2018, 11:38:39 AM |
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I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.
Off course mate, that is how the crypto currencies are working really. I mean as long as the popularity will keep gaining the coins will start earning more users and thus more money will be injected into the crypto space. The more it is the more the prices will be for each coin. The thing is market always keeps correcting itself and 10K or more value was anyway overpriced tag for the BTC. I mean looking at the current hype of gainers I do believe that 10K and around rates are sufficient for the BTC for this year. In the next year investor base might just increase more and thus more value is always expected. |
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Haterstestbtc
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May 29, 2018, 01:22:23 PM |
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Yes, there is nothing wrong with the speculation on Bitcoin whenever price comes in as long we continually investing as the value of market really low and affordable once in a while to start buying bitcoin because this only chance we can buy and buy to hold until todays year which the really promising.
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Caladonian
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May 29, 2018, 01:43:07 PM |
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Yes, there is nothing wrong with the speculation on Bitcoin whenever price comes in as long we continually investing as the value of market really low and affordable once in a while to start buying bitcoin because this only chance we can buy and buy to hold until todays year which the really promising.
Believers will continue doing that, buying cheap coins and allow your self to accumulate little by little, those who still in the position of believing that the price will grow and bounce back real time, a lots of speculations will come day by day and more people will start to see the potentials and will learned the game inside this risky investment currency. |
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Elviragreg
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May 29, 2018, 01:59:42 PM |
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It is precisely such news or statements made by a person to convince a descendant of investors and bitcoin enthusiasts to remain confident and trust to withhold the bitcoin. It is also made to raise the price of bitcoin dimarket, this is like a strategy to increase the price of bitcoin by making good news about bitcoin.
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speedy963
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May 29, 2018, 02:01:11 PM |
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I honestly even have my own speculations, but as many people here have said, people have lots and different opinions on what will be the price speculation. Because of this speculations a lot of people resulted their discussion to an argument and a fight which is real or not, but in the end nobody could really say which price is accurate.
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