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Author Topic: Why we will see $50k Bitcoin end of year  (Read 2100 times)
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August 13, 2018, 10:26:31 PM
 #101

end of which year though, surely not this one anymore  Wink
10k is good the way we ware going..
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August 13, 2018, 10:46:30 PM
 #102

100k by 2020
I do not think that can happen, you can see that the bitcoin price after reaching the $ 20000 mark has been steadily decreasing, the market is in the cycle of detention in the long term, so I believe It is impossible to recover the card. It will take many years for the market to recover just like gold in previous years.
This is a statement I have seen in the past. Although according to the market psychology it is true but I think that because the cryptocurrency market is so small it is very volatile and the opportunity to thrive is also great. I am very confident in the future of this market so I think cryptocurrency is still a very good opportunity for investors.

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August 13, 2018, 11:55:58 PM
 #103

I think we will on that next 3-5 years but for now we will be not expecting on that since bullish run of bitcoin will start on November and will hit only $15,000.

I also agree with you. In essence, it would be great to have BTC at such a high mark but in reality I think we're in a little too early stage for that to happen and realistically we can hope to see it somewhere near the 10k hopefully by early next year.
I think reaching $10k would still be possible for this year but considering the amount of $50k is just an exaggeration for today.I still believe that bitcoin has still a lot of good potentials to show in the coming years so maybe 5-10 years from now $50k will now be possible.

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August 14, 2018, 12:14:25 AM
 #104

I think it's hard for btc to achieve that later this year. The market is very bad and it is hard to recover in a short time. Perhaps the market will be better in 2020
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August 14, 2018, 12:40:25 AM
 #105

50k $ is too high before the end of this year so far to reach the price of a bitcoin because if this happens, many people will now hold bitcoin and earn big money.

I think in the world of bitcoin trading, everything is possible, because crypto holders really try to raise the value of the currency, but to get a price of $ 50,000, I think it's still difficult, maybe very much, if there are big events like the Olympics

maybe the price can increased in large numbers, because with so much potential competition to bet, it is possible for gamblers who will bet will definitely need a fast and safe exchange tool that is not detected by law enforcement, and bitcoin is definitely the right choice because indirect needs will increase the value bitcoin currency.
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August 14, 2018, 01:42:34 AM
 #106

I have seen mad predictions of BTC online at ridiculously higher prices, but I do not believe any of that to happen this year or soonest because after a great price crash comes a longer time for consolidation before the next boom. That's how market cycles and crypto is no exception
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August 14, 2018, 01:45:01 AM
 #107

50k $ is too high before the end of this year so far to reach the price of a bitcoin because if this happens, many people will now hold bitcoin and earn big money.


I think in the world of bitcoin trading, everything is possible, because crypto holders really try to raise the value of the currency, but to get a price of $ 50,000, I think it's still difficult, maybe very much, if there are big events like the Olympics, maybe the price can increased in large numbers, because with so much potential competition to bet, it is possible for gamblers who will bet will definitely need a fast and safe exchange tool that is not detected by law enforcement, and bitcoin is definitely the right choice because indirect needs will increase the value bitcoin currency.

Thats a terribly bad idea, and big events like Olympics? How on earth would that make an impact to the crypto market?
There are numbers of major factor that causes the capitalization to move, whether it increase or decrease. Its true that everyone wants Bitcoin price to always increase, but that is not the nature of Bitcoin and cryptocurrency, and that alone could not make Bitcoin reach the target mark  that you expected , because there are these whales, regulations, and manipulations that is more powerful than everyone's speculations.
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August 14, 2018, 06:42:50 AM
 #108

In my opinion, past occurrence can't predict future happenings. No one can accurately predict the price of bitcoin in this market. Bitcoin can get to a good level if ETF is approved. So, we see what happens at the end of the year in my opinion.
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August 14, 2018, 11:01:07 AM
 #109

The current situation is not that great and you can do whatever you think is right.
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August 15, 2018, 09:52:06 AM
 #110

i was always optimistic with cryptocurrency as a whole.  but with the current situation we were having, alot of people taking advantage and plenty are just being greedy, i see the whole cryptocurrency as being manipulated and don't think we can go up to 50k usd by year end.  unless bitcoin community can introduce some sort of control feature where whales and gov't can't control much of the price, we can't assume that general public will have interest in using crypto currency in daily lives.

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August 15, 2018, 06:05:18 PM
 #111

The last time the CBOE launched a Bitcoin financial tool, futures, we saw $20k. Recently rising Bitcoin dominance shows people betting on the latest CBOE tool, ETF, being approved.

Bitcoin dominance is heading towards fifty percent by marketcap. What does this mean for the price and how should traders and investors view it? Marketcap is by far not the best metric to read dominance, but that doesn’t mean it can’t add value to your trading.

Latest Podcast Episode Discussing More Details

https://soundcloud.com/buy-or-sell-what-the-hell/does-bitcoin-dominance-matter-to-traders-35



I've heard many reasons for that to happen and I have read many articles of many different orders I have seen many production of experts to that to happen so I hope it hardly to be true.

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August 16, 2018, 09:15:41 AM
 #112

it's miles daydreaming to suppose bitcoins will reach even 20000 usd by means of the end of 2018. Bitcoin may be traded at 50,000 but not now and except bitcoins pass into mainstream, there is not any way to mention it is going to be at such a excessive rate quit of year.
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August 16, 2018, 09:42:44 AM
 #113

The last time the CBOE launched a Bitcoin financial tool, futures, we saw $20k. Recently rising Bitcoin dominance shows people betting on the latest CBOE tool, ETF, being approved.

Bitcoin dominance is heading towards fifty percent by marketcap. What does this mean for the price and how should traders and investors view it? Marketcap is by far not the best metric to read dominance, but that doesn’t mean it can’t add value to your trading.

Latest Podcast Episode Discussing More Details

https://soundcloud.com/buy-or-sell-what-the-hell/does-bitcoin-dominance-matter-to-traders-35




Although ETF approved I don't think the end of the year would reach $50k it's too high, and I think it will happen in the subsequent halving, where when halving bitcoin price always rises drastically.

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August 16, 2018, 09:48:02 AM
 #114

I am cautiously optimistic about this assertion!  Bitcoin have not performed credibly well in terms of price appreciation this year,  what factors are going to drive bitcoin price to $50,000 this year apart from future?

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August 16, 2018, 10:20:13 AM
 #115

Last year we see ATH of BTC there had some reason because of BCH. People start buying BTC to get free BCH also people convert it to BTC that helps to reach BTC 20K level. So if this kind of event or ETF coming definitely new money will come, BTC will reach new ath.

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August 16, 2018, 10:20:29 AM
 #116

Speculators see $50,000 USD by end of this year because it is patterned on last years trend. Last year August 16 price of Bitcoin is $4,715 and by December 17 price shoot up to $19,005 USD. That's a 303% growth. However, they speculated $50,000 USD when the price of BTC was above $11,000 USD last January 2018. Now if that pattern will be applied to the current price of Bitcoin which is $6,397 USD and growth of 303%, that's somewhere between $26,000 to $27,000 USD only.

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LLooctor
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August 16, 2018, 09:19:59 PM
 #117

A lot of people just keep on expecting things and sometimes it is not right.
javierromero69follaculos
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August 16, 2018, 09:51:11 PM
 #118

It is not really easy to predict whatever you like and reaching out for things is not easy.
Bitinity
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August 16, 2018, 11:07:39 PM
 #119

We are free to dream as high as we wish but in this crypto market we should be more realistic in hoping to see bitcoin price rise. $50k by the end of the year? I do not see anything can make this happen including ETF. Even if the ETF approved, bitcoin price wont jump that much. $10k is still possible but $50k is just too far away to be reached.
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August 16, 2018, 11:29:42 PM
 #120

I think we will on that next 3-5 years but for now we will be not expecting on that since bullish run of bitcoin will start on November and will hit only $15,000.

I also agree with you. In essence, it would be great to have BTC at such a high mark but in reality I think we're in a little too early stage for that to happen and realistically we can hope to see it somewhere near the 10k hopefully by early next year.
I also hope that if at least it doesn't reach $ 50k but we can see the btc is at the $10k price. this can be a hope because the potential of bitcoin can definitely be maximized and this becomes one of the maximum profit producers.


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Runit





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