Speculation on BTC

[valentinen39]

Many people predict that bitcoin will rise quickly, I don't think so, the market may take a long time to fix it, and we don't see more new investors entering the market now.

any people predict that bitcoin will rise quickly, I do think so too, the market may take a long time to fix it, and we do see more new investors entering the market now.

The price of bitcoins takes too long before it increases and the problem as well in the market are the fake news that is spreading all over the countries which makes the prices of bitcoins to drop even more but still it gives different people the chance to invest a huge amount since the market price is decreasing and that's when the volatility become very profitable.

[Buttercup123]

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.

Bitcoins and other cryptocurrency in the market are all unpredictable and the value will be always depending on supply and demand, the prices today is might decreasing but still we can expect for the price to grow again because people will still invest a huge amount due to the dumping time today in the market.

True, the price is fluctuating and even if it is always moving down it is possible that it will be higher for the next weeks or maybe also not. We can keep on guessing what will be the price but we should not be that stressed out if what we expected didn't happen. Let us continue to hold bitcoin because the future of it looks brighter than today.

[King money]

I still doubt this. Although looking at the last price of 2017 ago with a very fantastic but if we look again the history of BTC lowest prices since 2009 is not always an increase. https://www.bitguru.co.uk/bitcoin-price-high-low-since-2009/

I think After all, I'm sure none of these people will ever foresee when Bitcoin is trading above $ 19,000 who will never again see a price below $ 7,000, and as we all know it reaches less than 6 months later! And that's why their predictions are worthless.
No one has control over the price so no one has reasonable expectations about what the future price will do. Prognostication by anyone, even people from the BTC Foundation, is somewhat worthless. It seems more likely they are trying to boost demand because weak demand has slowly deflated prices for a while now. As a member of the BTC Foundation, I hope they may have significant Bitcoin holdings and may be concerned about how their holdings have depreciated in value over the last 6 months or so. Because of this, I will see such "forecasts" not only unfounded (like other price predictions), but also self-motivated and conflict-oriented.

[StarofBTC]

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.

Their speculation is possible, It is a big possibility that Bitcoin will rally before the end of the year and I think the $10,000 area will be a super support level in the future. Just like recently our best support is the $6,000 area. I remembered first quarter last year that rarely you will see a person to speculate  that we will even reach $6,000 but looking today people already have identified that  buying at $6,000 is the wisest thing to do.

Speculation can be either positive or negative which affects the market of any product and especially the crypto market of Bitcoin. Positive speculation will result in positive and negative will give you negative result, for the better future of market positive speculation is very necessary. The market is now in low stages which is understandable and will soon recover.

[bearexin]

We have two different groups here one is from the bitcoin believers and the other one is not. They give their different opinion but only the future can tell the exact data. For me I believe on bitcoin but I dont like to buy it at high price. Risk is too much from that point compare from this current situation.

Yeah but I think the believers ratio is high because many people still invest in bitcoin due to low price and they hope that the price will increase in the future. I also think that the future of bitcoin is very bright and it will recover all the deficits. It is still on the top of cryptocurrency market and the reason is high volume of investment capital.

[okala]

In whatever intent those comments were made I think bitcoin is currently undervalued and what those guy are saying is reality of the future.  Bitcoin will remain above $10,000 in years to come and holding some of it is a good decision now as from next year we are going to have upwards price movement.

[BitNaija]

Comparing the mindset of the first bitcoin transaction for which 10,000btc was used to buy 2 pieces of pizzas could tell you what the value of bitcoin should be. But today that transaction can not be even imagined, because it will be outrageous. Therefore I believe that bitcoin has been priced over it's original anticipated value. Rather than believe prices will go up, I see prices constantly reflecting the reality, which is downward.

[jonaire99]

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.

Predictions are unreliable and should not be trusted and those who are speculating about the possible price of bitcoin are just expressing their own opinion. No one really know what will happen in the in the coming months. The rise of the bitcoin will depends on some factors that may soon unfold and if these factors are positive, this will make the price of the bitcoin to go up.

[rickadone]

If you're a long term holder or have a high cost basis, you should be worried about this. What's more worrying still is that the "users" that spiked the price last year were nothing more than speculators looking to get rich. Compared to the number of people buying bitcoin, the number of people actually using it is only a small fraction of that. Metcalfe's Law contemplates value related to legitimate utility, which speculators don't play much of a role in, if any. The spike we saw in 2017 was not sustainable and not legitimate use of the bitcoin as a currency or medium of exchange, which is where any value under Metcalfe's Law would come into play.

Honestly, it is actually becoming worrisome as it would get to a point where bitcoin will only become more of a speculative asset with the way the price is being manipulated either in spikes or downward trend, which would make it hard for anyone to even end up believing or coming to terms with the real life usage as a currency eventually and to me that does not make any sense as that real life usage will always help sustain its value in a way, otherwise we will just keep having a pump and dump market in our hands.

[Bakemat]

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.

Bitcoins will grow even more in the future because the demand is keep on increasing in the market due to the prices in the market today that is keep on dumping so we can expect for the price to grow even more in the next few months.

[MiXxe]

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.

Predictions are unreliable and should not be trusted and those who are speculating about the possible price of bitcoin are just expressing their own opinion. No one really know what will happen in the in the coming months. The rise of the bitcoin will depends on some factors that may soon unfold and if these factors are positive, this will make the price of the bitcoin to go up.

I agree mate. The speculations aren't really unreliable. Besides it's up to us weather we will become profitable or not. As much as possible despite of the   speculations we have to do our part to spread the goodness of bitcoin and open it to as much people as we can.

[jaysabi]

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.

   I didn`t hear about this prediction until now. It`s very reasonable prediction, Bitcoin is making higher all times high every couple years, and almost every year
Bitcoin have higher bottom. It`s fine someone to have more faith than others, I have a lot of faith in Bitcoin and many alt-coins!
   I have read threads from 5 years ago. Many people didn`t believe that Bitcoin will get this far. Threads from two years ago when price were under $1000, just
few people predicted $10000 in 2017, others didn`t believe.
   We have same situation today, believing in Bitcoin or not is the question? I believe, I made my decision already!
   

And if you read the threads over the last six months, people never thought that Bitcoin would get this low again. Basing investment decisions based on mass crowd delusions is generally not a good idea. When Bitcoin was at $19,000, nobody would have said it would be below $7,000 within 6 months. Everyone was all aboard the hype train to the moon, and anyone saying it was a bubble was dismissed as a FUDster, even though they were far more reasonable than anyone thinking it was going to continue to exponentially rise. I think it continues to fall from here. I don't see a reason it's even this high. The euphoria and delusion is wearing off, and when that's gone all that's left is utility, which is still too low to be at this price. Eventually future potential has to be realized, and that's what Bitcoin's current problem is.

[emezh10]

I believe there are plenty of powers fighting for the dominance over bitcoin some of which are trying to suppress the price and some drive it up. Moreover, bitcoin's rate is pretty dependent on news. With all that in mind, I would dare making any predictions as there always is a chance of a black swan.

Bitcoin is the dominat crypto in the market in terms of its volume and its price so i doubt that it could be surpass or even suppress by other form of cryptocurrency in the market. Most of crypto depends their price of the current price of bitcoin making it more suitable in trading and investment that could provie higher chance of profit in the future.

[wasaisi]

Some people think and speculate that bitcoin will peak by the end of this year, I myself hope so too. Probably because we have the bitcoin heyday at the end of last year until the beginning of this year, so we think it will happen again.

[TN0904950]

everyone has his own opinion, so I believe there are many forces that are fighting for dominance over bitcoins that are partly trying to push prices down and some pushing it.

I think Because it is not tied to normal economic conditions like fiat currency, I do not quite see where the origin of the prediction is. The fact that many economies speak of some kind of oversight does indicate that acceptance is increasing and may be a more stable, and higher, price mark.
I'm reading the Speculation section of the Economic forum yesterday, and two people from the BTC Foundation say that 2018 will be the last time that Bitcoin will be under $ 10,000. I believe that this statement is made to alleviate the concerns that arise every time the BTC falls. I do not know how anyone can make that statement with full conviction, because the nature of altcoin is very volatile.

[richardsNY]

The euphoria and delusion is wearing off, and when that's gone all that's left is utility, which is still too low to be at this price. Eventually future potential has to be realized, and that's what Bitcoin's current problem is.

I wish there was an actual use other than the speculation that boils up from time to time. It's not only something that Bitcoin suffers from, but basically all crypto currencies. The insane amount of speculation has completely demolished any sort of understanding of what crypto is about. Everyone here is part of riding the hype train (me included), which is understandable on one side, but irresponsible and quite harming on the other side. In all the years that crypto has been available nothing really changed for the better. It's still speculation that thrives the market, and I don't know if we will see any change of significance in the coming 2 to 3 years....

[annango]

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.

In my own opinion, there are different speculations in the market but there is no accurate prediction so i prefer to believe on positive speculations because in this way i can boost up my confidence to invest even more for the future.

Yep, I got your drift guy and I completely support you opinion. Evidently, we all have equal right to give prediction about any coin in crypto market. Therefore, it makes no sense if almost people give negative prediction . We are freedom and also we’re better off giving encouragement to bitcoin, giving positive prediction for our coin can lead us more optimistic and can come up with cool decision as well. Two guys who’ve gave positive speculation about bitcoin might be right or not, but it partly helps us to feel like more excited. The more we can think positively, the more we can earn in this market.

[jaysabi]

The euphoria and delusion is wearing off, and when that's gone all that's left is utility, which is still too low to be at this price. Eventually future potential has to be realized, and that's what Bitcoin's current problem is.

I wish there was an actual use other than the speculation that boils up from time to time. It's not only something that Bitcoin suffers from, but basically all crypto currencies. The insane amount of speculation has completely demolished any sort of understanding of what crypto is about. Everyone here is part of riding the hype train (me included), which is understandable on one side, but irresponsible and quite harming on the other side. In all the years that crypto has been available nothing really changed for the better. It's still speculation that thrives the market, and I don't know if we will see any change of significance in the coming 2 to 3 years....

It still is speculation that drives the market because speculation is all that ever drove the market. The only difference is the amount of money being speculated with. Back when Bitcoin was worth fractions of a penny and wasn't usable for anything, you could pick up thousands of coins for $20. A couple months later, if you could flip that for $100 while the coin still wasn't usable for anything, that seemed like a pretty good return. There was no indication at that point it was ever going to be useful for anything. But the person buying for $100 was speculating or caught up in the novelty just the same as the guy who bought it for $20. This has been repeated through thousands of cycles over the past decade or so, and with most cycles bringing larger amounts of speculation each time. Eventually, it entered mass conception that this would eventually be a payment platform to rival or replace the dollar, and the deeper that notion took root, the more reckless people got with their speculation. There is no reason now to expect it will, or could, replace the dollar. In light of this, all there is is unrealized potential, and that potential seems wildly overstated. And yet, this is what the speculation is based on.

[raven7886]

I believe there are plenty of powers fighting for the dominance over bitcoin some of which are trying to suppress the price and some drive it up. Moreover, bitcoin's rate is pretty dependent on news. With all that in mind, I would dare making any predictions as there always is a chance of a black swan.

And more than thay is the countries that dont want bitcoin or crypto interfered their economy thats why they are putting lots of regulations and some are banning but this is not enough to deeper the burden

In future years(not specifically this year)bitcoin will will and all alternative coins will bloom together with it,expect no good speculation but expect good future for us here

Any country that is trying to limit the growth of bitcoin or cryptocurrency at large in the country, is definitely going to be losing out in the long run and will possibly end up coming late to the game and there is no doubt about that.

There is so much to gain for each and every country if they even come up with light and lenient regulation policies, which I believe will advance the growth of the community and as well as the economic growth of the country itself. Some countries already know that and are so fast to embrace it.

[reliable]

Many people predict that bitcoin will rise quickly, I don't think so, the market may take a long time to fix it, and we don't see more new investors entering the market now.

any people predict that bitcoin will rise quickly, I do think so too, the market may take a long time to fix it, and we do see more new investors entering the market now.

BTC rise can happen very quickly and in the past it has risen like 2000$ in a day or more. So just if we see that the uprise starts in coming time and even if it can rise to 1000$ in a day for couple of days we will be back to 9000$ in quick time. This will boost up the market.