Why we will see $50k Bitcoin end of year

[Quitthis]

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

Too many people hodl for that to happen. And since a lot of people lost their money since earlier this year it will be a hard to reach 50k at the end of this year or in first months of next year. Maybe end of summer next year but let us wait and see.

[1714118667]

1714118667

[1714118667]

1714118667

[1714118667]

1714118667

[susuberuang]

maybe the price of bitcoin at the end of this year will not be able to be able to make price increases up to that expensive because the condition of the bitcoin price depends on the demand.

[Aivaryamal]

First of all, there are a lot of prerequisites and news for bitcoin to grow to such a value, I assume that very large institutional investors will come

[robotrobert]

No one can predict the price of bitcoin in the future. The price is unknown to any man. The price can get to 50k or might not get to 50k. It all depends on how the  market reacts

In the moths of June, July and August, which were thought to be the months with a price appreciating market, the ting was completely upside down and despite a good rise in the price, there was fall. So all the predictions went wrong and this is why now I believe that predictions do not have a place in the market and this is all set by the factors of demand and supply and the government activity that can affect the price of a certain coin in the market.

[Blackpanther399]

Their are no accurate price prediction in this market. Bitcoin can get to 50k USD or can also get to 4k USD. The rise and fall all depends on forces of demand and supply

[logicgate]

First of all, there are a lot of prerequisites and news for bitcoin to grow to such a value, I assume that very large institutional investors will come

   I have studied the expert opinion about the Bitcoin till the end of this year they have predicted that it will go higher than 30k US dollar and did not cleared the 50k US dollar price which have no possibilities. Even if it is going higher than 30k US dollar then it is a huge achievement for us and we do not have to waste our time and to buy a lot of coins so that we may appear in high market.

[Fantastickarl]

Their is no body that can accurately forcast bitcoins price in this market. We are hopeful that bitcoin would get to such price and cross it in the near future. Let's keep our fingers crosses and be hopeful

[Cherylstar86]

First of all, there are a lot of prerequisites and news for bitcoin to grow to such a value, I assume that very large institutional investors will come

   I have studied the expert opinion about the Bitcoin till the end of this year they have predicted that it will go higher than 30k US dollar and did not cleared the 50k US dollar price which have no possibilities. Even if it is going higher than 30k US dollar then it is a huge achievement for us and we do not have to waste our time and to buy a lot of coins so that we may appear in high market.

I agree to your point bud. Well, basically we aim and hoping that the value of bitcoin will increase tremendously by this year. As what happened right now it so unexpected that it may crashed so down on its value but I believe someday that it may recover and each and everyone of us may have a great profit as most of us still have a huge losses from its peak value.

[hoavantathan]

We are coming to the end of 2018. So i don't even think bitcoin reach 50k$. You are so optimistic. I don't see any positive signals. Can you show me any? If you have some, i'll believe in you.

[The_Dark_Knight]

I think that could happen because the demand for bitcoin this year I think is increasing and the total supply of bitcoin is very limited and almost gone.

I do not know about what data you are looking but I see the opposite, the interest in bitcoin is going down and as such the demand is going down as well, this is normal it happens in all the markets but it seems people want that the bitcoin market is skyrocketing all the time and that is simply impossible, what we are going to see in the next weeks, months and even years is a price of bitcoin that is not going to move much.

Retail investors have been massively burned this year and are slowly moving out of the market while few people are coming in, it seems most people who just came during the last bull run have lost interest and moved on with their lives. Unless we see new people getting interested there will not be much change...unless regulations make it easier for institutional investors.

This is what I see as well, the market cannot grow because no new money is coming and we should not really be surprised by that, after seeing the market crashing almost 70% in a matter of months who is going to want to invest in this market? The only ones that are willing to do it are those that have an incredible faith in cryptocurrencies in general but no one else.

[hahay]

I think that could happen because the demand for bitcoin this year I think is increasing and the total supply of bitcoin is very limited and almost gone.

I do not know about what data you are looking but I see the opposite, the interest in bitcoin is going down and as such the demand is going down as well, this is normal it happens in all the markets but it seems people want that the bitcoin market is skyrocketing all the time and that is simply impossible, what we are going to see in the next weeks, months and even years is a price of bitcoin that is not going to move much.

Retail investors have been massively burned this year and are slowly moving out of the market while few people are coming in, it seems most people who just came during the last bull run have lost interest and moved on with their lives. Unless we see new people getting interested there will not be much change...unless regulations make it easier for institutional investors.

This is what I see as well, the market cannot grow because no new money is coming and we should not really be surprised by that, after seeing the market crashing almost 70% in a matter of months who is going to want to invest in this market? The only ones that are willing to do it are those that have an incredible faith in cryptocurrencies in general but no one else.

Anyway, to reach that value of $50k at the end of the year is very unlikely, because this year the crypto market is not moving so much or does not have a big change, the market only moves at the same level for several months. But there are a lot of new innovations in some countries about blockchain technology, as recently there is one that empowers bitcoin mining, I forget the country. With the specific determination of bitcoin in several countries, it will lift the growth of bitcoin will be faster, so I think just wait, what will happen in the future.

[kaisa]

~snip~
Anyway, to reach that value of $50k at the end of the year is very unlikely, because this year the crypto market is not moving so much or does not have a big change, the market only moves at the same level for several months. But there are a lot of new innovations in some countries about blockchain technology, as recently there is one that empowers bitcoin mining, I forget the country. With the specific determination of bitcoin in several countries, it will lift the growth of bitcoin will be faster, so I think just wait, what will happen in the future.

True, the $ 50K point will be potential in 2019 from February to June. technically it has formed a falling wedge pattern. although I do not fully believe in technical analysis. good news as you say and I think the power of bitcoin is in a sufficient mining community. currently, there is still a lot of manipulation in both exchange and issue, I'm sure the future of bitcoin will be bright.

[arafat222]

I don't think so Bitcoin reach 50k$ end of year if a good signal come and price not down then end of year it reach 10k$. But 50k it's not possible

[cunguks]

In my opinion it's impossible. We see that the position of crypto market is not good. The price of Bitcoin is low. $50k is so much high. I believe that at the end of this year Bitcoin price will be increases but it will impossible more than $20k.

This is reasonable to think like this. I have some believe that there would be a good change in bitcoin price for the end of this year, but it's not that bitcoin can cover above the last peak bitcoin did. I'm not even sure that it could reach $20k. I'm not actually pessimistic, I just think of something that is most likely to happen.

[wall101]

50k$ is so big for ending of this year but i think and expecting that bitcoin will raise 20k$ after end of this year bitcoins price now is so stable and no point if will increase lately.

[k1ng0fBTC]

Who knows it's really going to happen because bitcoin is really unpredictable and is full of surprises beyond our imagination. But reaching 50,000$ is really a big amount which i think bitcoin can't hit by just looking at its recent market status. Maybe in the year 2020, bitcoin will reach 50,000$ or even more.

Bitcoin is not only predictable but also a wonder. People should think about giving a figure about the future price of bitcoin. If it is asked that till the end of this year the price would be $10 or $15k, then it is sensible, but such a huge price is just nonsense and nobody will think about this price especially till the end of this year. The price will be the same till December.

[readygoaw]

50k$ is so big for ending of this year but i think and expecting that bitcoin will raise 20k$ after end of this year bitcoins price now is so stable and no point if will increase lately.

Naturally, this price seems to all something impossible but I am sure it will be reached (no, not in 2018 but a bit later). However, we have to wait for it at least 2 or 3 years.

[Crypto_Spike_Factor]

$50 k isnt impossible though expecting rising bull towards the 14 k usd mark would be best for now.

[cr7]

I do not believe that bitcoin will cost $50,000. No one will make it so easy for you! $ 50 for bitcoin, that sounds plausible!

[melfwaz]

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 think that is not a real number. What factor do you think the bitcoin price will increase to $ 50k at the end of the year? I think that with an economy going downhill, the price of these altcoins will never be good in the near future. It will take more than 3 years to recover.

I am not sure about the price given. $50k is huge price for bitcoin and there is long way to go to this level, and especially in this year it is not possible for bitcoin to hit this figure. Today the price is below $7000 and there are just 3 more months to go in this year. How is it possible to reach to this level? It is beyond sense. If the price reaches to $10k, it is enough.