Ilegendph
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Thinking on the higher plane of existence.
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August 17, 2018, 01:11:19 AM |
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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 ?
With the current price and situation of bitcoin? I would say no because we can see that the price range is too much high to make another ten folds. Another reason is that there is no significant good newa to attract other people to invest on bitcoin like what happened last year. To go for two folds is very hard for bitcoin now and I don't even expect to make it ten because of these reasons. |
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ocid
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August 17, 2018, 09:52:51 AM |
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it's difficult to increase its value tenfold this year, although the price of bitcoin always gives an unexpected surprise, I think if the price of bitcoin has risen again this year, it can only increase its value twice from now, it also takes a long time because this bitcoin price always has a very sharp decline.
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Stuart_Shook
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August 17, 2018, 12:34:06 PM |
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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. People don't need ETFs or Starbucks to do it all for them. Let's say we would need 10 billion to come into the market to reach a certain point, if that happens people will do the rest. They are only waiting for a signal to start buying. A signal that will prove that institutions are really interested, that governments approve BTC. We managed to reach 20k without ETFs, Starbucks, Microsoft annd all the rest, which means we can do it with them much easier and much faster. Yes, I support that too. Frankly I'm getting sick and tired of all the questions about which ETF is going to shock the market into the skyline and when. I don't think that they are going to get involved very much anyway. They'll probably only jump in like you said when things are already in motion. That would be really good for us though because it will add momentum to the trend we'll already be riding. We did reach those levels alone, but also because there was the novelty factor behind the trend. Now it's not so fascinating anymore so people are a bit more cautious. |
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ShannonBake88
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August 17, 2018, 01:52:55 PM |
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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. Sometimes expecting too 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 too much expectation.
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keninu
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August 17, 2018, 02:06:15 PM |
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I will be difficult, the past bitcoin will not be repeated. maybe Bitcoin can rise 2x, but it's impossible to be able to increase 10x. the development of bitcoin prices this year is really hard, unlike last year, every price will go up, it will go down again. and it's been repeated.
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Ahmed4200
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August 17, 2018, 02:21:48 PM |
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Tenfold will be , but I think this year is not possible. But great hopes are good, confidence in it increases. Just as you did. I too hope you like Bitcoin will soon reach skyscraper success.
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Queen83
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August 17, 2018, 02:27:04 PM |
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quite pessimistic about that but nothing is impossible in this world, all possibilities can happen, even the worst possible, no one can predict what Bitcoin's future is accurate, but hope it does exist even though it is difficult if bitcoin prices rise dramatically ten fold in a short time,
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dat.ho12492
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August 17, 2018, 02:35:26 PM |
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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 ?
With the current price and situation of bitcoin? I would say no because we can see that the price range is too much high to make another ten folds. Another reason is that there is no significant good newa to attract other people to invest on bitcoin like what happened last year. To go for two folds is very hard for bitcoin now and I don't even expect to make it ten because of these reasons. Yes, tenfold is an unrealistic number with all the conditions that bitcoin owns, things are almost not supporting bitcoin, even the price of bitcoin going back to its peak in 2017 has been a very difficult one, farther dream is still a funny story. What we should expect at this point most probably is the rebound and the bitcoin reaches the $10000 price again, our hope can only continue to be lit when bitcoin comes to this, otherwise, everything will be a bad year for us |
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BeGoods
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August 17, 2018, 02:57:34 PM |
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It is not possible or let me say not likely, bitcoin has not gone beyond 10000$ for most part of this year, what we can reasonably expect is a recovery to it previous all time high
Agree although any price changes can occur. we don't expect too high because maybe it will disappoint you. You're right that in 2018 prices continue to falling and even we havent see a high recovery. maybe we should think about recovering to last ATH first before thinking about a 10-fold increase |
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South Park
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August 18, 2018, 04:45:41 PM |
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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
Holding is not only for those which do not have the time to look at the market all day, holding has been shown to be a strategy that outperforms the majority of the traders, it may sound odd but when you take into account the fees you need to pay to the network, conversion fees, exchange fees and the taxes you should be paying, holding gives more profits by basically doing nothing. |
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NevejElad
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August 19, 2018, 10:28:54 AM |
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If it will not be realized at least we have a goal and some expectations but we know already that the volatility of coin is also a factor, and the market season that are cause by some factors ,are also the other things to watch, but at least we expect of something still good profits.
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yvesp110
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August 22, 2018, 10:34:25 PM |
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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.
Nothing is impossible as anything can happen anytime to bitcoin, if once it start rising it never stop increasing so the price will be higher than this very soon and don’t be so sad we are going to see bitcoin above than this but it needs only trust and patience to achieve our goal of life, coin is not yet on the frozen point so soon the price will be more than this just hope for the best. |
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Finestream
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August 22, 2018, 10:45:40 PM |
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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
Agree although any price changes can occur. we don't expect too high because maybe it will disappoint you. You're right that in 2018 prices continue to falling and even we havent see a high recovery. maybe we should think about recovering to last ATH first before thinking about a 10-fold increase Right.If you keep on expecting to have a tenfold jump for bitcoin this year,i know you might be disappointed.The price is seen to stay in a low price but maybe in the next few days,the price will recover again.Maybe $10k-$15k might be possible for this year i think. |
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Melvyn_Garrett
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August 23, 2018, 04:37:11 AM |
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bitcoin might steadily increase towards the end of the year if more people invest in it and more trust in society is increased but it is very unlikely that there will be a huge ten fold jump. but it is not excluded that in the near future bitcoin might go up many times fold as the market fluctuation cycle goes full circle. I also think that it will go up and then stay up then we will again see the active trading of bitcoin as those that bought it cheap and those that see bitcoin going up will also want to invest and we might even find people who are reinvesting in bitcoin again.
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pginvest
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August 23, 2018, 04:40:46 AM |
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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 short nobody knows. While it is possible and has happened before, it is now in my opinion less likely. I think it will be a slow rise. |
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bajigur894784
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August 23, 2018, 04:57:02 AM |
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I think, there is no tenfold jump in Bitcoin this year. Looks like we have to be patient to wait for that to happen again. 2018 is a bad year faced by Bitcoin due to the increasing crackdown of regulators from various countries. However, I'm sure bitcoin will regain the trust of investors, and maybe a tenfold jump in Bitcoin will occur in the following years.
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FinalFury
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August 23, 2018, 05:30:20 AM |
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I don't think it's possible this year. The market has just been horrible this year with so many people who were open enough to get into Bitcoin due to all the publicity, exiting. Where are we going to get so many people open enough to invest in crypto again?
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Ozero
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August 23, 2018, 05:49:58 AM |
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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 ?
You can say with confidence that this year there will not be such a big jump of bitcoin in the price. After such a long stagnation, bitcoin is not capable of a tenfold increase in price. He in the last months of the year should grow in price, but investors this time will be cautious and such a price boom is not expected. The most realistic is that bitcoin by the end of the year can rise to 13 000 -18 000 dollars. I think that even up to 20 000 dollars it will not reach, it will be a psychological barrier for investors, they will be afraid of a repeat of last year's situation. |
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Theaticands
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August 27, 2018, 11:27:31 AM |
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there's a few funny enterprise taking place inside the marketplace currently. I really do not know what to make of it. I assume it will take in to 2019-2020 time range to get the ones types of profits. i hope it occurs though!
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TheClownSong
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August 27, 2018, 12:30:26 PM |
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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 ?
Its hard to expert high jump for bitcoin in this year. 2018 is hard year for most cryptocurrency because most coin and token drop the price more than 80%. I am better realistic and hoping bitcoin can back to above $10k |
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