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Author Topic: Is it practical to expect tenfold jump in Bitcoin this year ?  (Read 526 times)
krishnaverma
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July 28, 2018, 06:01:48 PM
 #1

Is it practical to expect tenfold  jump in Bitcoin this year ? It has happened in past but is it practical to expect it this year also ?

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July 28, 2018, 06:21:26 PM
 #2

I doubt it will happen this year, even if etf would be approved, i think 80 000 dollars is a bit of stretch to reach. However, it can be done in the next four years i think. Slow and patient wins this game!

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July 28, 2018, 06:22:12 PM
 #3

Quick ten-fold increases have happened only 5 times: twice in 2011, twice in 2013, and once in 2017. It is not a frequent event, so it is not practical to expect it to happen this year. However, if you believe that the adoption of Bitcoin will continue as it has so far, it would be reasonable to expect a ten-fold increase again in the future.

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July 28, 2018, 06:30:27 PM
 #4

No it's not practical.Having a market cap of about 1,5 trillion $ is clearly not realistic,not in the near future anyways.My guess is,after 2018,the bad year that Bitcoin faced the price will from now one rise slowly but surely,building up back the lost trust of investors slowly.

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July 28, 2018, 06:36:56 PM
 #5

Of course not u cannot expect this Tongue well if the price wasn't dumped that down in the past there could have been some hope but right now even the recovery seems a bit hard on Bitcoins.
I do think that even a double will be very beneficial for Bitcoins and also

The 10 times 2 is 20 , difference is of 19 but
10 times 20 is 200 , difference is of 180

Therefore higher the value harder it is to attain unexpected amounts.
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July 28, 2018, 06:55:31 PM
 #6

The price of Bitcoin is unpredictable. Last year, everyone was surprised when the price of bitcoin increased 20 times compared to the beginning of the year. We should calm down and wait from now until the end of the year. I think 60% Bitcoin will increase ten times at the end of the year

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July 28, 2018, 06:58:07 PM
 #7

Is it practical to expect tenfold  jump in Bitcoin this year ? It has happened in past but is it practical to expect it this year also ?
This is ridiculous. Bitcoin prices will never be able to rise to $ 80,000 this year. Bitcoin is currently experiencing a lot of difficulties because many countries are still banned from Bitcoin. I guess that in 10 years the new Bitcoin price could rise to $ 80,000

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July 28, 2018, 07:08:42 PM
 #8

The price of Bitcoin is unpredictable. Last year, everyone was surprised when the price of bitcoin increased 20 times compared to the beginning of the year. We should calm down and wait from now until the end of the year. I think 60% Bitcoin will increase ten times at the end of the year


Actually, this target seems achievable if we see the last year performance. But the comments here suggest that this will not happen now. It  is mainly because of the disappointing performance of crypto this year. There are additional problems that can prevent huge increase in bitcoin price. Like we have other alt coins becoming popular and thus some are preferring this.

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July 28, 2018, 07:13:09 PM
 #9

I is not practical to expect in this market as you can often get disappointed, also take price predictions with a grain of salt you can just make a reference from them and make your own predictions. In the end this market is very volatile so making your decisions carefully is a must along with having a good outcome scenario and the worst case scenario every time something happens in the market trend.
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July 28, 2018, 07:17:17 PM
 #10

This will never come true. Some experts have predicted that Bitcoin's price could only rise to $ 30,000 by the end of the year, but when I analyzed the Bitcoin price chart, I only saw that prices would rise sharply at the end of the year and the highest price that Bitcoin achieved this year is $ 15,000

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July 28, 2018, 07:25:36 PM
 #11

Is it practical to expect tenfold  jump in Bitcoin this year ? It has happened in past but is it practical to expect it this year also ?
It's okay to expect but don't get your expectation too high you might end up regretting to your previous decisions. The market is really not that stable to even notice a good a bit movement from small to a big one.

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July 28, 2018, 07:48:10 PM
 #12

Is it practical to expect tenfold  jump in Bitcoin this year ? It has happened in past but is it practical to expect it this year also ?


Expecting it is just a sign of having a positive mind and being optimistic about our plans for the future. It is stil possible for those who hope for the best. As for me, it is important that we all know how to see things in a positive way specially our hodlings and profit.

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July 28, 2018, 07:57:17 PM
 #13

Is it practical to expect tenfold  jump in Bitcoin this year ? It has happened in past but is it practical to expect it this year also ?
Just don't expect too much, it's okay to expect something high but to expect that it can happen again it might fail you and disappoint you.

We all want it to see but to expect again that high, is something that you must control. This is the reason why there are investors out there who are complaining due to the fact that they've lost their patience because of their high expectation.

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July 28, 2018, 07:57:46 PM
 #14

Many speculators are expecting a tenfold jump this year. After the previous jump last December I don't think it's practical to expect another jump this year because $50-60k is a huge number even though we still have 5 months left before the year ends. There's still a chance for it to jump it depends on how the price would look like between September and October. For now I don't have high hopes for Bitcoin to even hit $20k this year after what happened last time.

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July 28, 2018, 08:56:32 PM
 #15

It looks Like people still doubt what btc price can become even within one hour.The down trend and unstable market since January can be turned around even when the year is left with one week to end.We can even get more than ten folds of bitcoin ,because It has proven in several ways to have such potentials.
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July 28, 2018, 09:06:07 PM
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It looks Like people still doubt what btc price can become even within one hour.The down trend and unstable market since January can be turned around even when the year is left with one week to end.We can even get more than ten folds of bitcoin ,because It has proven in several ways to have such potentials.

Speculation....Speculation....But with the growing attraction of Bitcoin from all over the news, it is dependent if this popularity will transform into investment for Bitcoin, then increase the Volume of investment ? Base on the market preview yes, it is true that Market is Volatile, anything can happen at any given time during the trading market. Let's just wait and see how the market reacts on a lot of media promotion for Bitcoin.

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July 28, 2018, 09:25:23 PM
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Well, I think that it is impossible but I do not assert anything it is just my opinion. I think that bitcoin will not perform such an incredible growth because there was no consolidation stage where "big money" accumulate and form their position. I consider that there are only 2 players who can force market grow sufficiently. I mean "big traders" and a crowd. "Big traders" have not collected thier positions yet as it seems for me and there is no huge hype around the crypto market in the current moment so lots of small investors, amateurs and others small participants (a crowd) are not going to buy. That is why I do not wait a huge growth in this year but I am a long term investor and I am sure that bitcoin will grow very significantly in the period of 1-3 years.
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July 28, 2018, 09:39:05 PM
 #18

Is it practical to expect tenfold  jump in Bitcoin this year ? It has happened in past but is it practical to expect it this year also ?

Such a price (around $80,000 per btc) is very unlikely to happen this year. I think it is unlikely to see this price even in two years horizon. There is a time of consolidation in the cryptocurrency market and Bitcoin price will most probably not "wildly rise".

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July 29, 2018, 04:19:43 AM
 #19

10x this year is a huge stretch.  The governments would have to come out and urge the populace to buy Bitcoin.  A fiat crash could also be the spark to lead to 80k this year but it is a big stretch. 

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July 29, 2018, 04:26:19 AM
 #20

NO we should not expect things like that to happen because it will just make us get excited and in the end we really do not know what will happen in the next few weeks or months regarding with bitcoin market price. As we all know that the market price is being dictated by its demand. Whatever market price for bitcoin this coming year ending of 2018 will going to accept it.

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