Is it practical to expect tenfold jump in Bitcoin this year ?

[basty03]

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 ?

Sometimes expecting to much is not good especially in crypto market prices. Because every year price in crypto is not like before or sometimes the price will huge in unexpected time. So maybe we don't need a too much expectation.

[Wintersoldier]

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 ?

If you are going to look at the current price of bitcoin comparing to past price of bitcoin we could see a different pattern in each scenario so we could conclude that it is not easy for us to just compare the price of bitcoin on the past price of it. It does not mean that in every month of a specific month there is a chance for bitcoin to pump or dump is better to analyze the price dpending on the current state of the market.

[alyssa85]

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 happens only after protracted bear markets.

So the jump in 2013 was after a two year bear market from 2011 to 2013. The jump in 2017 came after a three year bear market from 2014 - 2017.

We have a lot of sideways movement to go before bitcoin gains the confidence to push for another big surge.

[cheezcarls]

I would not count on that though because the market is so unpredictable right now. Not only that, it has high volatility that the price would go up or down quickly due to being influenced by the media. I don’t expect ten fold, but it may indeed spike a bit when “BER” month comes.

[Lorence.xD]

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.

  Bitcoin  market is unpredictable, no one knows what will happen to the market movement, it is dependent to the investment of the investors on crypto currency in the market, the growing awareness on crypto currency market globally is a good indicators for the future market, price value may goes up and goes down but it will recover after the market glitz. Bitcoin has good fundamentals, with clear market structure, and Bitcoin remain number one among all the ALT coin.

[dongyi17]

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 ?

No one can predict that but i wish this happen in this year, we have 4 months to wait. Hopefully this coming september altcoin will rise and many investor invest in cryptocurrency. For now you can buy altcoins cause the price is low, and if your right you have a lot earning if this happen.

[el kaka22]

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 ?

No one can predict that but i wish this happen in this year, we have 4 months to wait. Hopefully this coming september altcoin will rise and many investor invest in cryptocurrency. For now you can buy altcoins cause the price is low, and if your right you have a lot earning if this happen.

In next four months probably enough time for achieving previous ATH and something around that (which may be higher or lower than previous ATH) but expecting ten fold from current levels sound really unrealistic.

By January 2015 bitcoin hit ~$180 levels (due to mtgox bankrupt) and by November 2017, it hit $19k+ levels. If you calculate in approximate it was 100 fold growth but took ~3 years of time. Bitcoin hit $1800 levels by February or March of 2017 (if I remember right) which was a 10 fold growth. It took 2 years of time. But that is the real and sustaining growth.

It means we need at least 12 to 24 months time for prices to get tenfold jump. But here we need to notice, calculations are taken from bottom levels to peak/ATH and not ATH to ATH. (Because previous ATH was ~last quarter of 2013).

[AlexKr]

I do not think that someone will undertake to approve the specific dates for achieving the BTC peak. Given the current situation on the market.

[jhongzjhong]

We have already a pattern by comparing the bitcoin price movement in the market and I think it repeatedly happened.
And most month bitcoin pumping up is in the month of December, so while now is dropping invest your money as much as you can because when bitcoin is in peak you could not jump in this current price.

[Karmakid]

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 ?

As for me , that is not just being practical but also being hopeful and positive towards hodling. I belueve that it is important that we still expect for a certain time where we could have a better gain. It is also being based on crypto market itself so I think there is no harm in expecting for the best thing to happen anytime soon.

[darkangel11]

It all depends on the fundamentals. You can see that TA doesn't matter when the fundamentals are rushing in. This recent dump right after the ETF got delayed, even though the price was forming a bull flag on the charts serves as a proof. So whether we will go to ATH this year cannot be read from the charts. It would seem unlikely looking only at TA, because 8 months of bear market don't turn into an ATH right away, but a big news could change it. For instance if we got all ETFs approved and on top of that had a major retailer accept BTC directly 20k would break in a month.

[darthmaul]

There is less possibility of this happening in the first place because its not easy for bitcoin and rest of the market to recover itself in such fast possible ways. People do mistakes by predicting such high rates of bitcoin and make unwanted investment or investment that they cant afford to loose. So its better to unexpectedly do not think hikes as high as these ones. Im sure its last practical thing to think about. Neither bitcoin is making progress in that direction nor the whole market cap is looking so good at the moment.

[Stuart_Shook]

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.

Exactly why it won't be able to raise so quickly. When the market cap of bitcoin was in the hundreds of thousands or millions, a tenfold jump was nothing. But now, there would have to be a ton of money dumped into it for it to rise at that rate.

It all depends on the fundamentals. You can see that TA doesn't matter when the fundamentals are rushing in. This recent dump right after the ETF got delayed, even though the price was forming a bull flag on the charts serves as a proof. So whether we will go to ATH this year cannot be read from the charts. It would seem unlikely looking only at TA, because 8 months of bear market don't turn into an ATH right away, but a big news could change it. For instance if we got all ETFs approved and on top of that had a major retailer accept BTC directly 20k would break in a month.

ETF's might cause some money to come in, but not to the tune of several billion dollars. They're just not that appealing. And there's already been a major move by Starbucks and a few other giants, but nothing happened. Bitcoin is establishing itself in the market. It's carving out a comfortable resting area.

[laracastvue]

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 ?

In my own opinion, yes you can jump in bitcoins today because the price is still low so you can earn more profit before the year ends because there are a lot of speculations who are expecting for the price of bitcoins to reach $50k dollars.

[BossMacko]

That is what most of the expert says that Bitcoin price will pump a lot before end of year but who knows, price simply pump with a good news and new big investors without them price just dropped.

[daarul50]

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 ?

Do not expect too much. Just enjoy the movements that occur in the crypto market. It will make you more calm and comfortable compared to waiting for an uncertain one.

[TheNotoriouss]

even with etf and china approving this is very difficult I guess. Hope it will be as fast as possible, waiting for upcoming Kelvin Blockchain, will you invest in upcoming ICOs guys??

[repzaj]

the bitcoin price is so unpredictable to decide. we have almost 4 months to go before we decide. like last year we didnt expect that it will be tenfold jump of the price but hoping that will repeat it this year. but five years from now maybe the price will be steady and stable slowly up or down.

[Strufmbae]

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 ?

Tenfold is really impossible in my opinion. As we can see the growing development industry of crypto currency this days is quite slow due to shitcoins that keeps on appearing in the market. Dumping crypto doesn't help the growth of value of crypto especially Bitcoin.
 Setting aside normal fluctuation in the past year is a big question to crypto enthusiasts.
 pump and dump group is also a factor to increase value.

[crazy_max]

About the future of Bitcoin exchange rate differences, even for experienced analysts. Hard to answer.