Experts Reduce End of Year Forecast for Bitcoin.

[rickadone]

Words are changing gradually and they call themselves an expert, lol. No sane expert will be predicting the future of a market as this because there is just nothing to predict. The market can change in situation at any time and the best thing is to just follow it through by monitoring the trend. The market looks like it is set to go down more as it is now and based on how low it gets will determine how hard it is to get back to the previous ATH before the end of the year.

[Svelto]

Thanks for the forecast, it was a nice read. Frankly speaking, I guess there are a number of pricing opinions around, but no one can really predict the market. Crypto is highly unpredictable, bitcoin might go to $100k or even $3k by end of the year. Let’s hope for the best.

[george888055]

Who knows...but even with current market situation i belive ETH will double in price at the end of the year or even on early 2019

[bitgolden]

I am not sure about all of this! These crypto currencies are highly volatile and they are behaving with the unknown and known reasons in the todays era. Just look at the current years behaviour of crypto currencies. First speculators said that this coin will be +20% up and that coins will be 150% up but nothing like that is happening at all. Almost all of them are getting the reverse action in the first place and thus making it worst in the current scenario. Somehow crypto currencies not predictable at all and unfortunately I have stopped believing these people who make the forecasts. They bring you loss often and thus its worst to manage that.

They keep predicting and revising and I keep wondering who are the people following them ?
Nothing is predictable long term in this market and whatever they feel they are using is just going to be baseless.

The best is to just stick with the idea of monitoring the situation of things in the market and finding a way to blend with it as a trader or an investor. We cannot say how low this market will get but that will add up to a lot of things before the year even end.

[bitcad4u]

Who’d be a crypto forecaster?

Back in January, experts had Bitcoin pegged for a value of $43,370 on average by December 31.

At the time, BTC was riding highs of around $18,000. But even in March, when Bitcoin was valued at half that, the panel was confident it could still hold out for $38,000 by the end of 2018.

This month, with Bitcoin still nudging $9,000, the outlook isn’t so rosy from the finder.com.au team. They’re now tipping it can reach $18,883 by December 31 — still a hefty increase on today’s price, but certainly a lot wobblier outlook than at any other time this year.

The June Cryptocurrency Predictions Report was compiled by finder’s 10 crypto experts. You can read more about who they are and what coins they hold here. And out of the 13 coins they ran the ruler over this month, none are expected to be worth less by December 31.

Two, however – Iota (MIOTA) and Monero (XMR) – are tipped to fall 8% and 7% respectively by July 1.
Dogecoin, which in March and April was the panel’s favourite and listed as having the potential to rise anywhere between 3,000% and 5,000%, isn’t even on the list of 13 this month.

Of the winners, the panel has picked out EOS (EOS) as having the best shot at high growth, tipping a possible 206% rise on its price of $16.42 at the end of May.

That would put it at $50.27 by the year’s end.

EOS is the token offered in an ICO by blockchain company Block-one, which helped it recently complete a staggering $4 billion year-long funding round and lure Commonwealth Bank’s former chief financial officer, Rob Jesudason, to Hong Kong as its chief operating officer.

Tron (TRX) is expected to have the second-greatest positive price growth by 31 December of 146%, followed by Cardano (ADA) at 145%.

When comparing the forecast market capitalisations for Bitcoin, Bitcoin Cash and Ethereum, Bitcoin is predicted to see the highest growth by the end of the year, at 99%.

This was followed by Ethereum with a 91% increase, and Bitcoin Cash, with an increase of 76%.

Last year,the price of bitcoin is eexpected to raise above 50,000$ this year.Due to some regulation and crypto related news,the FUD is occupy the crypto market.And due to this ,the price of bitcoin and other crytocurrency is reduced.The knowledge full trades use this month fall to buy huge at the drop

[MrFeasible]

Who’d be a crypto forecaster?

Back in January, experts had Bitcoin pegged for a value of $43,370 on average by December 31.

At the time, BTC was riding highs of around $18,000. But even in March, when Bitcoin was valued at half that, the panel was confident it could still hold out for $38,000 by the end of 2018.

This month, with Bitcoin still nudging $9,000, the outlook isn’t so rosy from the finder.com.au team. They’re now tipping it can reach $18,883 by December 31 — still a hefty increase on today’s price, but certainly a lot wobblier outlook than at any other time this year.

The June Cryptocurrency Predictions Report was compiled by finder’s 10 crypto experts. You can read more about who they are and what coins they hold here. And out of the 13 coins they ran the ruler over this month, none are expected to be worth less by December 31.

Two, however – Iota (MIOTA) and Monero (XMR) – are tipped to fall 8% and 7% respectively by July 1.
Dogecoin, which in March and April was the panel’s favourite and listed as having the potential to rise anywhere between 3,000% and 5,000%, isn’t even on the list of 13 this month.

Of the winners, the panel has picked out EOS (EOS) as having the best shot at high growth, tipping a possible 206% rise on its price of $16.42 at the end of May.

That would put it at $50.27 by the year’s end.

EOS is the token offered in an ICO by [Suspicious link removed]pany Block-one, which helped it recently complete a staggering $4 billion year-long funding round and lure Commonwealth Bank’s former chief financial officer, Rob Jesudason, to Hong Kong as its chief operating officer.

Tron (TRX) is expected to have the second-greatest positive price growth by 31 December of 146%, followed by Cardano (ADA) at 145%.

When comparing the forecast market capitalisations for Bitcoin, Bitcoin Cash and Ethereum, Bitcoin is predicted to see the highest growth by the end of the year, at 99%.

This was followed by Ethereum with a 91% increase, and Bitcoin Cash, with an increase of 76%.

The end of year forecast may have been reduced, but let's face it, 18k is still a healthy increase on where we are now. We've often seen that fast growth precedes a sharp drop, so perhaps we should be hoping for steady growth more than anything...

[boy130]

It's amazing how these so-called experts suddenly change their tune when the market turns on them. Aren't they supposed to be able to predict the 'future' of the market. Surely they would have predicted this price correction back then, and hence factored that into their initial estimation. I really wouldn't worry about expert predictions, 50% of predictions are wrong, which means there's no benefit to look at expert opinions rather than just guessing. Just continue day trading and take your profits now, don't hold them for the long term because the growth of bitcoin or other cryptos is uncertain as of writing.

[@alaji]

Well one cannot tell whether their prediction will come to fulfilment at the end of this year because anything can happen in crypto currency market since no single person has the power to influence the market value of Bitcoin and other alternative crypto currency value.

[Dart18]

Bitcoin forecaster. 

There is no medium yet that could forecast what would happen to bitcoin price so we can still call it a "wild guess".

They just have the names of so called "analyst" from the other world of investing and they are trying to use it too with crypto currencies. But I am betting this numbers will still be wrong. 80 percent that it could go the other way.

[websoftwareengineer]

Thanks for the forecast, it was a nice read. Frankly speaking, I guess there are a number of pricing opinions around, but no one can really predict the market. Crypto is highly unpredictable, bitcoin might go to $100k or even $3k by end of the year. Let’s hope for the best.

Everyone has their own opinion on what will be the outcome on the prices of cryptocurrency before the year ends, but those who are thinking about it in a negative way will just be disappointed because the market price will obviously grow after a few months.

[wxa7115]

Experts were wrong last year, Bitcoin outperformed; so far this year they have also been wrong, Bitcoin is under-performing.
Trading remains volatile, the advice has always been to trade with caution and not make this so called expert-predictions a basis.

I agree with this, according to the information posted by the OP the panel of experts still think that bitcoin can reach 18k, I'm not so sure in what kind of data they are basing their predictions, they still seem to be incredibly bullish to think we can get that close to the all time high, even if the predictions come true it is my opinion people need to assume this year is going to be terrible for cryptocurrencies and act accordingly, that is way better than to wait for a bull market that may never come in this year.

[adzino]

someone who was predicting $43,370  just because price was rising fast is not an expert he is instead an attention whore. it works like this: when price is rising you keep predicting bullshit high prices. for example when it is $20k you say it will reach $50k when it is $50k you say it will reach $1 million and so on.
and it works both ways. when price is dropping the attention whores come out then also. they keep predicting bullshit low prices. for example when price is $10k they say it will be $5k, when it is $6k they say it will be $3k and so on.
it is extra funny when they do it about altcoins since there is no way of predicting when a pump bubble ends and when its dump is gong to end.

Not really a surprising thing and these kind of bullshit speculations been started since bitcoin was first traded. Speculations continue either both ways either increasing or decrease but same as you said no one really knows or can predict on where it is heading. Now in regards on whats happening on the history of price of bitcoin upto these years Experts or so-called professional traders would really have confusion because volatility can really break out their expectation anytime and its always been part of its nature on being unpredictable. Somehow fuds and panic sell or FOMO can affect bitcoins price but not a major thing.

True, but its not always FUDs or panic sell that causes the price to fall. You can't always blame those facts. Prices might fall if bunch of whales decides to cash out their profits. And most of these experts are not "trading" experts, rather "market manipulation" experts! They give high hopes to people so that those gullible people starts investing which causes the price to pump up but then the experts starts to dump to profit from the rise.

[EugeneReigns]

No wonder! Those "experts" are only experts when they guess right. Those figures that they predict are taken from the sky in order to speculate on the market and people's involvement. Nobody knows for sure what Bitcoin's price will be, we only have to adjust to market's behavior and situation. Then we can predict something for short- or mid-term investment or trading. Nobody knows for sure how the market will behave a month or two from now, especially taking into account that crypto-whales now take control of the market trends.

[Mahanton]

Experts were wrong last year, Bitcoin outperformed; so far this year they have also been wrong, Bitcoin is under-performing.
Trading remains volatile, the advice has always been to trade with caution and not make this so called expert-predictions a basis.

I agree with this, according to the information posted by the OP the panel of experts still think that bitcoin can reach 18k, I'm not so sure in what kind of data they are basing their predictions, they still seem to be incredibly bullish to think we can get that close to the all time high, even if the predictions come true it is my opinion people need to assume this year is going to be terrible for cryptocurrencies and act accordingly, that is way better than to wait for a bull market that may never come in this year.

We do really know the feeling on waiting for something which we dont even know or does have assurance that it would come.It do really sucks to feel that way but i agree that rather than on expecting or hoping too much its better to do things and act accordingly into the situation. Making out money or profits on this bearish market is still plausible and talking for those experts i dont believe into those things on any angle since no one can have a precise prediction either on bitcoin alone or into other altcoins as well.

[VclDm]

Well one cannot tell whether their prediction will come to fulfilment at the end of this year because anything can happen in crypto currency market since no single person has the power to influence the market value of Bitcoin and other alternative crypto currency value.

The downward trend of the entire cryptocurrency market from the beginning of the year was enormous. 2018 will be a tough year for coding. This is not surprising since since the launch of Bitcoin so far no year without difficulty. But we can see that there are long strides in technology and confidence in this new digital currency is growing.

[raven7886]

They are not experts, I think they assume the trend will keep going and make predictions considering it but the trend change hard to be predicted.

If they are experts, they will know better than predicting the long term value of the market in the first place, knowing that they cannot see the future and all they are just busy doing is speculating. It is an opinion anyway, but what I just do not like is adding word expert to it, when indeed they are even the clowns in the picture. Very hard to predict the market in its short term trend, let alone, long term .

This year-end may not resemble what we had in last year but the projections are usually works based on how good market is doing. When bitcoin prices bounce back in coming weeks, we can be sure those experts will alter their words again. Even pivot point mechanism and calculations are working this way only.

[wxa7115]

They are not experts, I think they assume the trend will keep going and make predictions considering it but the trend change hard to be predicted.

If they are experts, they will know better than predicting the long term value of the market in the first place, knowing that they cannot see the future and all they are just busy doing is speculating. It is an opinion anyway, but what I just do not like is adding word expert to it, when indeed they are even the clowns in the picture. Very hard to predict the market in its short term trend, let alone, long term .

This year-end may not resemble what we had in last year but the projections are usually works based on how good market is doing. When bitcoin prices bounce back in coming weeks, we can be sure those experts will alter their words again. Even pivot point mechanism and calculations are working this way only.

On the internet anyone can claim to be an expert at something and it does not have to show any kind of proof that he really is, this is why I always wonder how can there be so many experts in cryptocurrencies when it takes 20 to 30 years to become an expert at something and bitcoin the oldest cryptocurrency has only existed for 10 years, so it is obvious these so called experts are bogus.