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ausbit
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June 14, 2018, 08:07:06 AM
 #61

Bitcoin can reach 20000$ by the end of 2018 Huh Huh
I believe it can be!

You believe this, and this guy who insists on this too: Fundstrat’s Lee Admits Poor Prediction of Bitcoin Rally, Still Expects $25k Price by Year End

But I do not think we will reach the price of more than $ 18,000 by the end of this year and my reasons are only two:

1 - The pressure of governments and lack of clear laws on crypto
2 - Banks that are intensifying their pursuit against bitcoin


I do not think we will see 20000 dollars again this year.

I agree


Well, I think I have a slightly different view on those two points you have brought up. I mean, $18,000 by end of the year is unlikely IMO, but it is still a possibility. Here are my responses to some of the points you raised.

 

Quote from: Slow death
1 - The pressure of governments and lack of clear laws on crypto

There currently aren't clear laws on crypto but that has always been true since Bitcoins inception in 2009. If anything, in the near future these laws on crypto will become clearer than they have ever been. This is good, more regulation legitimizes Bitcoin.

Quote from: Slow death
2 - Banks that are intensifying their pursuit against bitcoin

Banks have just blocked credit card purchases of crypto. This is perfectly reasonable. Just like how you can't buy stock with credit cards. Banks will not outright block crypto, and if they do, the free market will pick the banks that don't block it. If a bank blocks anyone from buying crypto, this won't have a long-term negative effect.

While I personally do think $18,000 at end of the year is unlikely, it is definitely still possible and not completely ruled out. I have been wrong in the past, and no one really can accurately speculate. it is all just a guessing game, no one knows anything.
The price of Bitcoin few months ago got stable and this is due to a sort of equilibrium in the market as the rate of demand when increased the same time it decreased the same and formed equilibrium so the stability occurred. Now the price has dropped at 6.2k dollar and this price is highly achievable with low charges.

As long as the Bitcoin is responding people will not going to stop it demanding, the present conditions are situational and we need to wait some more time like we did and seen recoveries in the past.

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June 14, 2018, 09:20:05 AM
 #62

Bitcoin price is very unpredictable so we cannot surely say that it will reach the $20,000 mark by the end of 2018.Bitcoin is going through tough times right now because regular drops are being noticed in it's price.No doubt it has the potential to recuperate from these drops but we can't predict the exact time it will take to bounce back to a new all time high value. Last year we noticed that the price was quite low in the middle of the year but by the end it touched the $19,000 mark.So if we consider that the same circumstances are going to repeat then it can surely reach $20,000 mark by the end of this year.But this is just a prediction.No one can surely give any statement regarding the future of Bitcoin.


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June 14, 2018, 12:04:15 PM
 #63

Bitcoin can reach 20000$ by the end of 2018 Huh Huh
I believe it can be!

How i wish, but it could be hard for me to believe that bitcoin can reach $20,000 dollars again in this year. But i still believe on bitcoins ability to reach this price again, not only this year but maybe in the next few years.
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June 14, 2018, 03:20:37 PM
 #64

Bitcoin can reach 20000$ by the end of 2018 Huh Huh
I believe it can be!
Yes this is very possible and even can surpass the 20k of last years highest price history of bitcoin.  With all the negativity being spread against bitcoin i have strong believe in it because i have seen how it change many lives to become more comfortable and financially stable way of life.
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June 14, 2018, 04:09:39 PM
 #65

Bitcoin will reach $20000 by the end of 2018, it is possible. Last year by the end of december only the price was faced tremendous growth. First half it faced lot of downs only second half the price was started little bit. Likewise this year also happens. So there is a more chance for bitcoin to reach this price.

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June 14, 2018, 05:51:33 PM
 #66

are you sure? Or it is just a blind faith in crypto world? For me bitcoin will recover but i do not have the confidence to believe that bitcoin will hit that price before the end of 2018.

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June 14, 2018, 05:56:58 PM
 #67

Bitcoin can reach 20000$ by the end of 2018 Huh Huh
I believe it can be!

yes i do believe that it can actually happen and that is the reason why i am still holding my coins today and not selling it because investors will soon hoard a huge amount of coins and the price will pump up again.

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June 15, 2018, 06:20:35 AM
 #68

Bitcoin can reach 20000$ by the end of 2018 Huh Huh
I believe it can be!

That's the spirit!

But on a more serious note, it's hard to say what BTC will be at the end of the year but as I mentioned in another thread, I think the regulation being put in place by a number of countries can only help crypto in the long run, so as always, it's a case of hodling
It is always going to be hard to say as there is really no doubt about that, but one thing I am sure of is that there is a possibility it could happen and at least it is realistic. We may end up not seeing such a move, we may end up seeing it, but what matters is knowing that we are in for a pretty good ride in the long run and it is not really about the short term. I believe even if we do not see much this year, next year/2020 should be a glorious one.

indicates that the Bitcoin is the most profitable and benefited currency which is also known for its fast transaction pr frictionless transaction. We can not underestimate the Bitcoin and its uses in our daily life.
Bitcoin will evolve more from this point then you may see there will be no competitions for bitcoins from currently 2nd and 3rd ranked cryptos. I mean most other coins are still lacking with real life applications which is the reason bitcoin will stand for ever as a leader.
No I don’t believe it. It is just a joke and there is no sign of it because the price is below $7000 today and $20k is very far. Almost half year has gone and there is long way to go to reach to $20000. How is it possible to cover the distance of $13-14 thousands in six months? I also think that the price will grow even more than $20k but not in this year.

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June 24, 2018, 02:58:29 AM
 #69

Bitcoin can reach 20000$ by the end of 2018 Huh Huh
I believe it can be!

yes i do believe that it can actually happen and that is the reason why i am still holding my coins today and not selling it because investors will soon hoard a huge amount of coins and the price will pump up again.
You should be holding your bitcoin because it is the best coin we have and the potential profits in the long term are great, if you are holding with the hope you will get those kind of benefits for the short term then you are going to be disappointed and what are you going to do when that happens? The most likely thing is that you will panic and sell for a loss.
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