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

[streazight]

Ten times the probability should be small, but there is still a chance that BTC will return to $20,000, the market heat is low and BTC's etf isn't working.

Things take time. if you want to see bitcoin at such high level, then we must contribute in this race too. we are playing a hypocrisy game. We don’t invest in bitcoin, neither we promote it, nor we became stable and don’t let whales take advantage of the scenario. But still we want good money from bitcoin. The prices must be high and blah. We must play our part of sacrifice for it.

[zhanyiguai261315]

If the BTC's ETF is approved, it is equivalent to official recognition of Bitcoin as a legitimate asset.
This will also have a certain impact on the price of Bitcoin, BTC will once again break through the new high! There will be a round of bull market for cryptocurrencies!

[South Park]

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 ?

That didn’t happen in most other years, it even took everyone by surprise when it happened in 2017, and lots of people were calling it a bubble and some people said that it was a result of whales pumping the price to dump it later. I don’t know for sure if the same thing is going to also happen this year, this year might be different and price might not go up like that. But no matter what happens, I still believe that the price will get to a bit higher price than it is now.

From current levels to tenfold means we must have bitcoins prices above $60k which may not be possible within next 4 months of times. But anything may happen as per the past performances of bitcoins. Only in November 2017 bitcoin raised from $10k to ~$20k. If we have similar growth in coming months of this year then it may become possible.

This is something that many forget, now after the bull run many people are saying that they predicted that movement in the market and that is not true, the movement that we saw in 2017 took everyone by surprise, I am sure that governments thought that bitcoin was done for and that it will never reach 1000 dollars again which is why they let it continue without too much regulation and now suddenly they are realizing the market is stronger than ever and they need to do something to stop it.

[xirtaeboddik]

Yes, because this technology is still young and has lots to improve. If it, in its infancy, was able to soar so high, it is not far also that as it reaches its climatic point, it will surge again notably. Without a doubt, bitcoin keeps on surprising us each time.

[Limar0]

A tenfold jump this year? I would probably say no. We are already in the third quarter of this but nothing happens with our BTC right now. It still stuck at $6300 for quite some time. Though I still believe it is possible but not this year. It takes a little more time to make it a reality.

[Finestream]

A tenfold jump this year? I would probably say no. We are already in the third quarter of this but nothing happens with our BTC right now. It still stuck at $6300 for quite some time. Though I still believe it is possible but not this year. It takes a little more time to make it a reality.

Yes.I also agree with you.Though bitcoin has a high volatility,but i think its impractical to believe that bitcoin will have a tenfold jump this year knowing that the last quarter is coming and yet no big changes in the price market of btc happens.I know it will reach its new peak somehow but not really that tenfold jump.

[hastang]

No one knows it will happen! But there is always a possibility. The market is volatile in nature so expect the unexpected. Anyhow, the year end is the most anticipated month for crypto holders to spike the price. So let us hope for the best.

[PlusOne88]

I think its not going to happen that way again. I am a bit doubtful since there are too many day traders it might just create a different scenario. But there might be an increase in volume but only for a very short time then it will go back again very low.  This is just my opinion though and I am in no way a professional. I based my observations only to how events are happening during the fall of the market.

[Sadlife]

It's to early to assume that it will have a bullish run this year because the signs of it's recovery is nowhere near and there are no indicators signalling yet that the price will have an uptrend. It seems this year is a series of bad news from regulations, big hacks and millions of crypto's is stolen. But it's not wrong to expect that bitcoin will surge this year after all btc is full of surprises.

[lixer]

It is not possible or let me say not likely, bitcoin has not gone beyond  10000$ for most part of this year, what we can reasonably expect is a recovery to it previous all time high

Sorry to say but I do not agree with you because if it is about possible and impossible then I think nobody expected bitcoin to touch 20k dollars by the end of last year so no one really knows what is possible for BTC and what is not. This asset is expected to touch 1 million dollar sometime in the future. If not so, then it can at least touch 60k dollars for sure.

[bitgogo123]

So far, the time is August, and the possibility of this ideal realization is very small, almost impossible. Even if the ETF is passed, I think it is very difficult to achieve such a high price, and maybe it will appear next year.

[tdtduy]

I do not think that is possible. I doubt whether this is the thinking of the skeptics of Bitcoin's value by the end of 2017? But what actually happened at that time? USD 20,000. That's horrible. I always hope that Bitcoin will increase, and increase the price. But, in my opinion, Bitcoin will not be able to increase the value of the mutation by the end of 2018 as in 2017.

[South Park]

Yes, because this technology is still young and has lots to improve. If it, in its infancy, was able to soar so high, it is not far also that as it reaches its climatic point, it will surge again notably. Without a doubt, bitcoin keeps on surprising us each time.

So you think that bitcoin is going to reach a price of 60k for each coin? We need to be realistic here, there is nothing wrong with being optimistic but you are blinding yourself to the truth, most likely the price is not going to grow that much this year and that is fine since this give to us the opportunity to get bitcoin for a reasonable price, the price you are talking about will need 5 to 10 years to be reached.

[Ranly123]

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 might happen but the chances are low. All we could do is to speculate on what's going to happen on bitcoins price but there is no guarantee that would be tenfold higher or worse tenfold lower.

[hachiman13]

If the BTC's ETF is approved, it is equivalent to official recognition of Bitcoin as a legitimate asset.
This will also have a certain impact on the price of Bitcoin, BTC will once again break through the new high! There will be a round of bull market for cryptocurrencies!

I doubt the approval of etf would result in a ten-fold increase in its price. Many newbie nvestors were burned last quarter in the previous year, and that will take time to regain their confidence in this market.

[STT]

The main path to realising ten fold gains would be via trading the peaks and drops in demand vs supply.   You'd have to be pretty skilful to double up this many times but some have this edge and could do it and regardless of any other criticism Bitcoin still offers plenty of opportunity to be traded.

Its not practical to expect this but its a possible path for some.    The old just hold and see I dont fully support tbh unless you are really busy elsewhere, Bitcoin will grow best when it has the highest percentage or actual users within its population of holders.

If we could somehow find that statistic then you will have your answer and even a date at which it is best to buy it.   I think its harder to tell exactly unfortunately

[oo666oo]

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.

Very unlikely indeed, it will probably take some more years before we will experience again the 2017 huge rally. Perhaps after next Bitcoin halving.

[deppil]

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.

Very unlikely indeed, it will probably take some more years before we will experience again the 2017 huge rally. Perhaps after next Bitcoin halving.

Yeah that happens every few years once. but that does not mean a 10-fold price increase can't happen in a short period of time right? there is no definite formula this year will increase many times and will occur again 2-3 years. no one knows that. let's hope the best for bitcoin this year

[Lizzyflower]

This may happen as big investors roll in their fund for bitcoin trading. The price will just surpass even tenfold. But with this current market cap it's impossible except all altcoins will bleed to near zero.

[kniheant]

Right,Even though the market is full down right now I still see the bright tomorrow for bitcoin I believe that it go ten times fold again this year. There’s no wrong about expecting it to happen but atleast I believe on it.as soon as ETF accepted from SCC i think every coin on exchange will pump adopt.