Why we will see $50k Bitcoin end of year

[Rohtox]

In my view the current price of Bitcoin is only $ 6,589 and there are signs of a return. But take a look at the reality to get $ 50,000 too hard and follow me is not possible. Bitcoin will probably only be at $ 12,000 which is the highest.

yes I agree that, it's very difficult to reach 50,000 this year even though the ETF is approved. but as far as I know the ETF announcement was postponed again.
for this year can be at a price of 10-12k it is very good to start a new price next year

[1714063631]

1714063631

[BitcoinTurk]

Although 50,000 USD is a high estimate, I think this goal can be achieved at the end of the year. Bitcoin, which has gained a lot of value in a short period of just 60 days in the past year, is going to go up again if it shows the same performance this year. Of course, this upward trend will move faster than in the last year because everyone has learned how much the investors have earned last year. Furthermore, after such an upward trend, the demand for Bitcoin will undoubtedly increase dramatically, and it is possible to say that this increase in demand will push the price upwards quickly.

[nydiacaskey01]

Using the historicals is teh reason why they see Bitcoin reaching as high as $50,000 USD by end of this year. They compare the growth from last year and apply it on the price of Bitcoin today. They forgot to consider looking into unforeseen events like a big exchange sites getting hacked or a country that will start to ban cryptos.

[liseff3]

Not only that but they also relied on the popularity of bitcoin which said: "along with the passage of time, bitcoin prices ascertained will experience growth". But in reality, some negative information often inhibits the growth of bitcoin to go to the level of $ 50.000 US.

[batang_bitcoin]

Using the historicals is teh reason why they see Bitcoin reaching as high as $50,000 USD by end of this year. They compare the growth from last year and apply it on the price of Bitcoin today. They forgot to consider looking into unforeseen events like a big exchange sites getting hacked or a country that will start to ban cryptos.

That's what most do, they base everything from the historical events that bitcoin went through.

But that's fine because its also a basis on how people do analyze the markets, they don't see those unexpected things that usually happens each year like what you mention hacks and bans. The market is unpredictable $50,000 is of possibility but I don't think this year will be there.

[KrishaBitcoin]

We have 3 months left of the timeline so i think $50,000 will be very impossible to happen in which they say that we are still in the middle of bearish market. As i see too that until now there is no sign of a healthy market then i think $10,000 will be the most possible figure before this year will end.

[xtrump101]

that 50k prediction isa liitle bit possible but the chart says its likely bearish since it forms a descending triangle pattern but the support level strong hold it february so its hard to really real what gonna happen next, we will see it in the next couple of days not week if we can break the resistance since it only take days from now to reach it..

[strideynet]

if the money is received in a random way, most often they are not deserved, because the person initially did not set a goal how to apply them correctly

[masternode]

I'm pretty sure that there is no ETF that are going to be approved this year. The SEC obviously hates cryptocurrrency. Maybe we can take this moment to clean the trash projects in the community and showcase the best use of the virtual coins so next time we don't need those damn ETFs just to increase the prices again.

All the news is just the plays that are meticulously crafted, the results are always set, they give out a lot of information such as refusal and delay just to deceive the user community, and the ultimate meaning is just making money from the fear and suspicion of others. We do not need the SEC or any explanation about the use of crypto, what we need is probably the motivation of the owner behind this market, this is a prerequisite for bitcoin to achieve the dream price

We all know now that this is not going to happen anymore, rather Q1 next year. But the SEC decision is not the only potential driver of new growth in this market. The Owner of the NYSE founded a company called ICO to launch an Exchange for Institutional Investors where they can buy Bitcoin on a large quantity, it will launch on November 5 and could propel prices up.

" founding imperative for Bakkt will be to make Bitcoin a sound and secure offering for key constituents that now mostly shun it—the world’s big financial institutions. The goal is to clear the way for major money managers to offer Bitcoin mutual funds, pension funds, and ETFs, as highly regulated, mainstream investments."

Read more here: http://fortune.com/longform/nyse-owner-bitcoin-exchange-startup/

[masternode]

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

With upcoming Bakkt tool in november, I can see bitcoin around $30 000 at EOY, since institutions would start buying bitcoin to decrease such a volatility as it's now.

Everyone is looking at the ETFs but there are other ways for big money to enter the market, especially that is relevant for Bitcoin. The Bakkt platform is going live soon and I also see this as an inflection point where everything can turn around.

[LyQaN]

Currently Bitcoin price is round about 6,500$ and it is the month of october.No doubt that Bitcoin rise and drops are very sudden but I think that $50k is very high value  to expect atleast until the end of this year.No doubt that Bitcoin is capable of reaching $50k mark but it will take some years to reach this mark.So it is n definitely not possibl for Bitcoin to reach $50k until the end of this year.

[mostkey]

You joke, speculation that a lack of an analyst makes it fantasize and imagines that it happens December 2018. Do all countries flock to legalize the bitcoin in their country? well, I don't think this will happen because of the many factors that caused bitcoin to fall down like today, there are still manipulations of some institutions that cause when people.

[Clark05]

I do't think tfor this now we willsee bitcoin 50k dollars for this year of end 2018. Because the possible price only of the bitcoin is 20k dollars in the 2018. Maybe we can move our prediction that bitcoin become 50k dollars in the year of 2019. But it is good if they reach this year to earn more profit.

[Mr.grin]

I do't think tfor this now we willsee bitcoin 50k dollars for this year of end 2018. Because the possible price only of the bitcoin is 20k dollars in the 2018. Maybe we can move our prediction that bitcoin become 50k dollars in the year of 2019. But it is good if they reach this year to earn more profit.

do not wait for a very high price, but wait for the price of bitcoin to survive, because it hopes that the price of bitcoin will be as high as it has very little hope. well, maybe for the start, we should expect bitcoin prices to stabilize at a price of $ 7k. and maybe for the end of the year it can be $ 10k.

[KenChanYu]

I do't think tfor this now we willsee bitcoin 50k dollars for this year of end 2018. Because the possible price only of the bitcoin is 20k dollars in the 2018. Maybe we can move our prediction that bitcoin become 50k dollars in the year of 2019. But it is good if they reach this year to earn more profit.

do not wait for a very high price, but wait for the price of bitcoin to survive, because it hopes that the price of bitcoin will be as high as it has very little hope. well, maybe for the start, we should expect bitcoin prices to stabilize at a price of $ 7k. and maybe for the end of the year it can be $ 10k.

   The high peak prediction will abruptly appear in the meantime. As of now, the determination of the market is hard to tell, but what we have to hope most is the fast recovery and bountiful developments by the end of this year. Maybe we can hit $7k first before to assume that high peak due of the ustabalize market, but we're still be hopeful that this $50k predictions will come flourishly by the next year.

[Xiahouyuan]

I don't like people who predict these things anymore. I prefer to see what actually happened. If Bitcoin can rise to $50000, where does the money come from?

[tomsmith26]

I don't like people who predict these things anymore. I prefer to see what actually happened. If Bitcoin can rise to $50000, where does the money come from?

yes, you are right . it's impossible to see bitcoin at 50,000$ at the end of 2018 and who dare buy a big amount of bitcoin to push it up to 50,000$ ?
Just be a dream in the future not now, guy.

[Question123]

I don't like people who predict these things anymore. I prefer to see what actually happened. If Bitcoin can rise to $50000, where does the money come from?

yes, you are right . it's impossible to see bitcoin at 50,000$ at the end of 2018 and who dare buy a big amount of bitcoin to push it up to 50,000$ ?
Just be a dream in the future not now, guy.

Dreaming is free, but maybe after few years 50k dollars will happen. But this year is low percentage to happen because until now bitcoin is under 10k dollars but this price is really possible to happen again and that is 20k dollars and I hope that really hit again .

[Rustamm]

In my view the current price of Bitcoin is only $ 6,589 and there are signs of a return. But take a look at the reality to get $ 50,000 too hard and follow me is not possible. Bitcoin will probably only be at $ 12,000 which is the highest.

Yes, I also think that the price of Bitcoin at $ 12,000 may be the maximum by the end of this year. The closer we come to the end of the year, and the market stands still, the more we realize that there may not be much growth in the cryptocurrency market this year. This will be one of the most stagnant years in the development of cryptocurrency.

[iv4n]

In my view the current price of Bitcoin is only $ 6,589 and there are signs of a return. But take a look at the reality to get $ 50,000 too hard and follow me is not possible. Bitcoin will probably only be at $ 12,000 which is the highest.

Yes, I also think that the price of Bitcoin at $ 12,000 may be the maximum by the end of this year. The closer we come to the end of the year, and the market stands still, the more we realize that there may not be much growth in the cryptocurrency market this year. This will be one of the most stagnant years in the development of cryptocurrency.

Bitcoin price can surprise us all, it happened before many times and be sure that will happen again. 50k dollars for single bitcoin by the end of this year is almost impossible, time period is two short, only two and a half months left, add that nothing big happened, nothing big enough to push the price so high. 10-12k dollars would be a great price for all of us, bitcoin can settle at that range and with 5 digits price we have a good foundation for next year. I don`t expect big changes next year too, bitcoin will struggle to keep new bottom, next big jump can come only if something really big happen, or we need to wait halving.