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Author Topic: Why we will see $50k Bitcoin end of year  (Read 3776 times)
lamadu3
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August 19, 2018, 06:06:30 PM
 #161

I think the price of Bitcoin will rise before the end of the year, but I don't think its price may rise to $50K, because I don't see where the source of funding can make it rise so much.

50 thousand this year sounds unrealistic. I can believe that Bitcoin can even hit 12-15 thousand but not more. The market bearish trend weakened the cryptocurrency.
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August 19, 2018, 07:25:19 PM
 #162

We will not see bitcoin at $ 50,000 by the end of this year. This figure is too exaggerated. For today, I don't see any serious reasons for such a price. Even if we consider that the decision of the ETF bitcoin commission will be positive, then such a price is still too unreasonably high.
Not even this year but who knows about the coming year? No one can state an accurate price of BTC and honestly $50K is too high while you know that at this point BTC is struggling hard to bring it’s price above $6.5K. In such a situation we can hardly think of it to reach it’s previous ATH. Even if the ETF commission is in favour of BTC still we have a lot of challenges which may not support its price to go so high. As the prices go high we see miners start complaining about the block size which eventually BTC has failed to show success at. Also the pressure groups don’t want BTC to grow this much high because of their own benefits. A single rumor affects BTC price too badly and we have saw it happen many times in past.
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August 20, 2018, 06:05:15 AM
 #163

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



Dude, the way some of you guys are just guessing this price is quite funny. What is even CBOE? And what’ makes you think that their launched tool was the reason why the price of bitcoin got up? What’ does an ordinary tool has to do with how price fluctuates. You didn’t talk about other meaningful projects that landed millions of dollars in the blockchain and you’re here mentioning CBOE… mehnn… hmph…
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August 20, 2018, 07:08:48 AM
 #164

50k dollars a bit too high as a prediction before year end. Even when bitcoin ETF is approved, I still do not see that figure in my own opinion. Conservatively, I would say that, 20k might be a good prediction for end of year if we have a lot of good news
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August 20, 2018, 10:21:18 AM
 #165

Now the price is about 6.4k dollars and your prediction is 50k dollars by the end of the year. In my opinion this is hard to believe , and it is a little too much. Of Course everything could happen, but i will be happy if BTC even reach his maximum reached price. I mean about 20k dollars in the end of year.

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pant-79
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August 20, 2018, 04:58:27 PM
 #166

We will not see bitcoin at $ 50,000 by the end of this year. This figure is too exaggerated. For today, I don't see any serious reasons for such a price. Even if we consider that the decision of the ETF bitcoin commission will be positive, then such a price is still too unreasonably high.
Not even this year but who knows about the coming year? No one can state an accurate price of BTC and honestly $50K is too high while you know that at this point BTC is struggling hard to bring it’s price above $6.5K. In such a situation we can hardly think of it to reach it’s previous ATH. Even if the ETF commission is in favour of BTC still we have a lot of challenges which may not support its price to go so high. As the prices go high we see miners start complaining about the block size which eventually BTC has failed to show success at. Also the pressure groups don’t want BTC to grow this much high because of their own benefits. A single rumor affects BTC price too badly and we have saw it happen many times in past.
Yes, you are right, no one knows what awaits us next year. Therefore, I would refrain from such forecasts of prices. Bitcoin has a lot of problems and the crypto currency market also. Yes, we know that some kind of rumor or news can raise the price of bitcoin very high. But still the price of $ 50,000 for today and today's price is too high.
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August 20, 2018, 05:46:41 PM
 #167

We also know Bitcoin has gone through waves and has dropped significantly over time. One product also has to go through three periods of growth, development and recession so the BTC is in a downturn and is going back to development. I believe the Bitcoin price will be about $ 40,000 lower than the $ 50,000 price end of year.
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August 20, 2018, 08:55:06 PM
 #168

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.

Cryptomarket is totally unpredictable, so who can guarantee it can/can't go beyond 50k $ before the end of this year? Or who could have predicted 20k almost a year ago?.. But I'm totally curious about the outcome Wink
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August 20, 2018, 09:40:41 PM
 #169

All these arguments are not real. Bitcoin this year will not be able to reach a price of $ 50,000. For the current market, this is not realistic. It would be nice if bitcoin reached at least 15 000 - 20 000 dollars. After such a sharp fall and prolonged stagnation, bitcoin is unlikely to be able to soar. in the price. Even if this happens, it will not do him good. The situation may repeat from last year.
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August 20, 2018, 10:48:25 PM
 #170

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 can't agree with this. a market value of that much will surely not be reached by Bitcoin within a short period of time knowing that there are only few months remaining. And also, given the fact that the market is still having a hard time to increase at this moment, it really shows that having as that much assumption is insane. Ofcourse we are all hoping for an increase but we should still be realistic.

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August 20, 2018, 10:48:27 PM
 #171

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.

Cryptomarket is totally unpredictable, so who can guarantee it can/can't go beyond 50k $ before the end of this year? Or who could have predicted 20k almost a year ago?.. But I'm totally curious about the outcome Wink
I think that 50k is worth the money this year, and if that is the case then it is a miracle in the cryptocurrency market. I also hope that for BTC can reach 50k $ the capitalization of the market cryptocurrency must increase about 20 times today.

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August 20, 2018, 11:18:55 PM
 #172

Bitcoin can really recover fast. But i don't think it can reach $50k by the end of the year. Don't speculate too much because its not good. Maybe next year it can reach that mark.

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August 21, 2018, 04:43:35 AM
 #173

We will not see bitcoin at $ 50,000 by the end of this year. This figure is too exaggerated. For today, I don't see any serious reasons for such a price. Even if we consider that the decision of the ETF bitcoin commission will be positive, then such a price is still too unreasonably high.
Yeah it looks difficult to happen, even the price is very difficult to get back to $10k lol, but remember that anything can happen to
the crypto market, even the price can go up 100% within 1 day right? any reason can make bitcoin prices rise dude
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August 21, 2018, 08:29:30 AM
 #174

so many people estimate that bitcoin prices will rise sharply at the end of this year, because they see the bitcoin price movement in December 2017 has increased very dramatically. but I think bitcoin price movements every year will not experience the same thing, whether it will experience a sharper increase or vice versa, all we have to do is wait patiently and see what will happen in the future
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August 21, 2018, 09:15:40 AM
 #175

I did not see any possibility the price of Bitcoin will going up to $50k in december next month, this is too high price. If Bitcoin ETF approved i think the price will possible to go to $20k. Need more times for BTC going up to $50k, and my prediction this is can be possible  on february to march 2019.
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August 21, 2018, 09:19:24 AM
 #176

Bitcoin can really recover fast. But i don't think it can reach $50k by the end of the year. Don't speculate too much because its not good. Maybe next year it can reach that mark.
Because of such high expectations, people are determined to hold the BTC, instead of selling the BTC at the end of 2017 at around $ 20000. But they believed that BTC would continue to increase, so they held, and now the price of BTC is as low as ever

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August 21, 2018, 10:29:24 AM
 #177

50k dollars a bit too high as a prediction before year end. Even when bitcoin ETF is approved, I still do not see that figure in my own opinion. Conservatively, I would say that, 20k might be a good prediction for end of year if we have a lot of good news

50 thousand for Bitcoin this year (even 2019) is a fairy tale or a naive hope of a romantic man. The market was weakened by the fall of all cryptos - BTC will gain a lot in few years.
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August 21, 2018, 11:12:56 AM
 #178

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


Yes, your point of view is really good and yes I think when the futures were introduced the Bitcoin and the whole cryptocurrency market boosted with bitcoin making a new all-time high of the 20k price level in the charts. And right now I am expecting the same thing to happen with the bitcoin and in the overall market when the ETF's will get approved and introduced into the markets and i hope it should get approved soon within this year ends.

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August 21, 2018, 11:20:55 AM
 #179

I did not see any possibility the price of Bitcoin will going up to $50k in december next month, this is too high price. If Bitcoin ETF approved i think the price will possible to go to $20k. Need more times for BTC going up to $50k, and my prediction this is can be possible  on february to march 2019.

If everything goes well, Bitcoin will certainly increase very well and may soon reach $ 20,000 this year but we have to weigh very carefully because this market is very risky and if SEC does not accept ETF investment funds then Bitcoin prices will soon return to $ 5,000 this year. I always believe in Cryptocurrency and hope for a whole new future for this market

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August 21, 2018, 02:41:46 PM
 #180

I disagree. $50k BTC would take a hell of a huge piece of news. It could be done by a pump...but to have it legitimately go to $50k, we would need multiple pieces of good news. I would say that we would need positive news from a few countries as to it moving closer to legal use, as well as the continual development of cryptocurrency projects. I think it's fully possible...but we have to stop getting negative news, and start getting positive news. I actually don't think it's even possible for the news to not shit talk crypto. $50k bitcoin is far more likely than mainstream news not shitting all over it.
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