Why we will see $50k Bitcoin end of year

[Finestream]

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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[danpariseau1]

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

[coldplay3r30]

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.

[ericbrietmann]

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

[Oasisman]

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.

[Cryptokarl]

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.

[mesagrandporrets]

The current situation is not that great and you can do whatever you think is right.

[hardinero007]

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.

[ordeath]

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.

[andycarrol]

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.

[otundebis]

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?

[btcformula]

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.

[nydiacaskey01]

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.

[LLooctor]

A lot of people just keep on expecting things and sometimes it is not right.

[javierromero69follaculos]

It is not really easy to predict whatever you like and reaching out for things is not easy.

[Bitinity]

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.

[iamzill]

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.

[irsykes]

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.

will need a lot of good news from bitcoin to make $50k can be happen. but now what we get only some countries keep banning bitcoin and make it as illegal currency. will need more hype to make that $50k really happen, even $10k.

[ipbitrung01]

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 believe that it will not happen, you can see that the market is in the long-term downturn and bitcoin prices are constantly decreasing, the price of altcoin also dragged down very deep, market The school is in crisis. So I believe bitcoin prices will not be able to hit $ 50k mark and will probably drop sharply in the near future.

[Lpim01]

It is better no to dream high knowing that isn't possible to happen cause it only give depression once failed. I'm not in negative side but for me Ain't the right for crypto thid year.  But I'm just satisfied of what it shown to us now nor to like high prices that could only lead from losing big.