[2018-06-08]BITCOIN WILL APPROACH THE $15,000 MARK BY DECEMBER 2018

[Diabolov]

With the middle of 2018 almost upon us, it has become incumbent on experts and commentators to offer revised Bitcoin price predictions. At the start of the year, the consensus was that the number one cryptocurrency would reach even greater heights. However, BTC prices have declined from its record-setting highs of $19,500 in mid-December 2017 to hovering around the $7,700 mark.

BITCOIN WILL APPROACH THE $15,000 MARK BY DECEMBER 2018
Finder, a financial comparison platform, released a Bitcoin forecast that said BTC prices would cross the $30,000 mark by December 2018. Six months into the year, the platform seems to have revised its predictions with a new report released in June. According to the latest forecast figures, Bitcoin will end the year trading at $14,638. This new figure predicts an almost 100 percent increase in BTC price based on its current trading value.



The Finder cryptocurrency prediction panel consists of 10 members with experience in the digital currency and blockchain industry. The figures published by Finder are an extrapolation of the individual predictions of each panelist. Examining the figures published by Finder, the lowest end-of-year BTC price prediction was $5,778 while the highest was $25,000. Some of the members of the panel include James Lynch of Castlecoin, Aaron LePoidevin of Every Capital, and Kunal Patel of the Gerson Lehman Group.

Speaking to The Independent, David Hanson, CEO of Ultra, said that he expected Bitcoin to continue hovering between $6,500 and $8,500. According to Fundstrat analyst, Robert Sluymer, Bitcoin’s bottom price is $7,000. Thus, with an influx of institutional investors, the price of BTC is expected to increase. Many experts and commentators share this notion that the entry of institutional investors into the market will drive up prices. In 2018, people like Tom Lee, also of Fundstrat, Dan Morehead (Pantera CEO), and Iqbal Gandham of eToro have expressed similar views.

EOS TO SEE THE HIGHEST GAINS
The Finder cryptocurrency prediction survey highlighted EOS as the cryptocurrency to watch. The results of the survey indicate a predicted price of $38.25 at the end of the year. Based on the current value of Eos tokens, this price estimate is a 200 percent increase. According to Hanson, EOS is generating a great deal of interest in the market, especially with the hype surrounding its mainnet launch. In a recent Weiss rating report, EOS was also identified as one of the best altcoins in the market.

http://bitcoinist.com/bitcoin-price-prediction-expect-price-to-double-by-the-end-of-2018/

[1714810899]

1714810899

[Sausiam]

EOS got too many bugs.

[1Referee]

Finder, a financial comparison platform, released a Bitcoin forecast that said BTC prices would cross the $30,000 mark by December 2018. Six months into the year, the platform seems to have revised its predictions with a new report released in June. According to the latest forecast figures, Bitcoin will end the year trading at $14,638. This new figure predicts an almost 100 percent increase in BTC price based on its current trading value.

Adjusting predictions based on the flow means you are hype riding, period. In other words, you have zero technical input and don't deserve to be taken serious.

EOS got too many bugs.

EOS, if it ends up experiencing a decent level of success, will follow the same route as Ethereum, meaning that its own success will be its downfal. These platforms aren't able to keep themselves decentralized in the very long term. It's impossible for them to scale against mass use. If you take that into consideration, there is no point in using Ethereum or EOS over a centralized platform that does everything better.

[davis196]

Bitcoin will hit 15K by December?Everyone knows that.Please tell us something new.
EOS is the next big altcoin bubble in the crypto world.It will complete it`s main purpose(to make it`s developers millionaires) and it will just pop and become an ordinary altcoin,just like all the other altcoins.

[IconFirm]

At the start of the year, the consensus was that the number one cryptocurrency would reach even greater heights.

No, the consensus was actually that all these so called eggspurts were wrong - which has been proven correct.

[richardsNY]

No, the consensus was actually that all these so called eggspurts were wrong - which has been proven correct.

Go against the overall sentiment and you'll be in the profit, the market proves it time on time again. Talking about consensus, the event, that would have been a good moment to short the market as well. The overall market was so confident in an increase, and that while nothing actually happened, that it could only go down significantly, which it did. Thomas Lee from Fundstrat was one amongst the loudest who were heavily speculating about an increase as result of the consensus event. Now he's still spamming mainstream media land with his predictions. It's impossible to not read through something crypto related where we see him pop up....

[Kakmakr]

When will these so-called experts just stop making predictions that they cannot guarantee?  In many of these cases this is just a thumb suck exercise where a couple of guys gets together and pull some figures out of their asses, based on previous statistics and then they take the average of that and except that it would be the most correct prediction.

Bitcoin does not work like that and they should just stop doing that. 

[IconFirm]

People are entitled to their opinion of course, the problem is that the many junk "news" clickbait sites like this one tend to headline & sensationalize it because some rich blokes say it.

The average long term Bitcoiner on this site is more of an expert than those people will ever be.

[Slow death]

bitcoin really did bring a lot of opportunities, just see these guys sitting around making predictions that never hit ... they're becoming more and more famous with each passing day and everything thanks to bitcoin. They have invested a lot of money and as they are making losses they will make very high price forecasts so as to encourage more people to buy bitcoin and the price possibly rise to match their losses. So they are just defending their own interests

[darkangel11]

I always get suspicious when I see people throwing predictions around. When we were correcting in February we had people everywhere trying to tell us that it's going down to 1000-3000 and it didn't happen, not even close. Now, we have people all around starting from the crazy John and ending with various "market analysts" who tell us to buy because it's going to this or that number this year.

[BitHodler]

The average long term Bitcoiner on this site is more of an expert than those people will ever be.

Just being realistic and rational is enough to be more of an expert than all these big shots combined. It's quite entertaining seeing how they keep attempting to predict the price, but at the same time quite pathetic.

What they are doing is narrowing the range the price can move in, all to favor the odds of being right. And once they are right, you can be sure of the fact that they will let the world know that they were right.

$15,000 before the end of the year isn't all that unrealistic, but all these predictions have turned into noise for me. I rather see these people add something new to the table, and not constantly rehash publicly available information.

[IconFirm]

The average long term Bitcoiner on this site is more of an expert than those people will ever be.

Just being realistic and rational is enough to be more of an expert than all these big shots combined. It's quite entertaining seeing how they keep attempting to predict the price, but at the same time quite pathetic.

 

+1

[liberty02]

They have a range of $5,778 while the highest was $25,000 and just made the $15,000 prediction up by averaging the predictions of 10 experts, wow just wow. Its really hard to believe these so called experts when their estimates are all over the place and does not corroborate their own figures. The lowest figure is more than 4x that of the highest one, were are they getting those numbers?

[pixie85]

They have a range of $5,778 while the highest was $25,000 and just made the $15,000 prediction up by averaging the predictions of 10 experts, wow just wow. Its really hard to believe these so called experts when their estimates are all over the place and does not corroborate their own figures. The lowest figure is more than 4x that of the highest one, were are they getting those numbers?

The highest predictions were far above $25000. They all have their own opinion and it looks like they're trying to pick a number that nobody has chosen yet and hope for the best. Some of them will eventually be right but how does that help us?