Why we will see $50k Bitcoin end of year

[JRMtrader]

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

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[LeGaulois]

The last time we saw the $20k was not related with the CBOE. In fact, if you check carefully a chart and a calendar you will see that the price started to crash almost the same day. I don't understand why people are speculating on Bitcoin future, while it won't give any favorable result. At worst it can make Bitcoin below the $6k-$5k if the decision is negative

[NeuroticFish]

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

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The relationship between ETF approval and Bitcoin price is pure speculation with no substance. And if you want to add data, for substance, you'll see, as said, the history tells otherwise than you do.
Another thing is that the ETF may not be approved this year - it could be rejected or postponed. Any of those options will not help the price.

So from what I see all you wanted was some extra traffic to your podcast(s) 

[HabBear]

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.

By definition Market Capitalization is not a metric that can add value to your investment. Market cap doesn't add value to your trading.

Market capitalization isn't a driver of performance, it's a symptom of performance. Market cap is the multiplication of price per share (or token) and the number of shares (or tokens) available to be traded. It doesn't drive performance.

As for the ETF driving bitcoin adoption, it'll likely have a more lasting effect on Bitcoin than the futures market. The futures market doesn't touch the blockhain, it's just making side bets on the price of bitcoin...the same as betting on horse racing doesn't impact the performance of the horse.

The ETF market may require more direct trading on the blockchain, thus impacting price more directly. Only time will tell.

[Dayx]

i don't understand why people easily trust what rich guy says. yes, i understand that bitcoin dominance is rising that means bitcoin value is rising too or altcoins is dropping, but that doesn't mean bitcoin will pump up so easily. we don't even know is there any good or bad news in the future, so how do people speculate that bitcoin would rise? 

[Muzika]

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

it is just a speculation in the market as you see the value of bitcoin is really hard to step up once again in the market actually the value is already at 6k plus again from 8k last week so we should speculate the market with a reality base on how the market react not what we want from the market.

[asrafkhairulazzam22]

hope bitcoin can be $ 50k by the end of the year
but with news like that, is it possible that bitcoin will pump $ 50k at the end of the year, I think it's difficult

[htsz_da12]

At present, the probability is still very small, the market has entered a downward trend, and there is no material positive for the BTC, so it is very unlikely to reach $50,000 by the end of the year.

[Kemarit]

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.

Wrong. The rise to $20000 has nothing to do with the Bitcoin ETF application. When the first Winklevoss application was denied sometime Feb or Mar or last year, the price dip. The rise to $20000 was something to do with CBoE and CME offering bitcoin future contracts.

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

You can check Bitcoin's historical snapshot (https://coinmarketcap.com/historical/) and you can see that even at the height of its peak, the dominance is around 48%. Personally, I just used CMC to see a glimpse of the price and simplified graph, and as a trader it doesn't add up any value, you might need to go to trading exchanges themselves to really see the current and overall sentiments of the traders.

[mukabokep]

to be able to reach 50K need a strong reason, as u know bitcoin is very sensitive at the moment just a little bad news can make it down, but to increase is very difficult without the positive support of the news and the actions of some strong parties,  Well, this is only my opinion, maybe there will be a different drama 

[omonuyak]

It will actually taking a miracle for bitcoin to go as high as $50,000 and currently bitcoin is bearish and we cannot find the bottom up till now.  I hope more fund flow into the market in some weeks and months to come for us to be able to make a significant breakout that will push the price above last year high

[2fresh]

It will actually taking a miracle for bitcoin to go as high as $50,000 and currently bitcoin is bearish and we cannot find the bottom up till now.  I hope more fund flow into the market in some weeks and months to come for us to be able to make a significant breakout that will push the price above last year high

Maybe you are right, but it's not bearish enough imo. It could swing around this year, maybe not to 50. But it could do a huge run.

[Vineeta2oct]

No prediction works perfectly when it comes to Bitcoin. As per the correct situation of the market, it is almost impossible for bitcoin to reach at 50,000 but as I said, no prediction works, so it may or may not reach there at the end of year.

[2start]

I hope this will really happen, because I want to immediately see bitcoin experiencing a high price increase, since December last year the price of bitcoin has not been able to increase sharply.

[BTCGOLD]

I don't think that this year could be that could for bitcoin, for me 2019 will be even better than now and prices like that could be speculated in next year not this.

[huhhuh18]

Everybody would wish the ETF got an immediate approval but it didn't happen earlier and it greatly influenced the price of BTC. I really would want a natural growth rather than being influenced by any FOMO, and then when it results negative, we drop that bad. Bitcoin shall go up but it needs its own natural growth.

[paynercash]

I don't think that this year could be that could for bitcoin, for me 2019 will be even better than now and prices like that could be speculated in next year not this.

Is this a dream of the future or a belief in its future? It's just a guess, and not real. This year to be the price that is, not very satisfactory. I do not say bitcoin is impossible. I only expect a few more years to come. If it remains monopoly in the financial market. It absolutely can happen.

[Abeey4life]

It can't be possible, the price of bitcoin fell in the ending of last year.

[Gotomoon]

Even some predictions can reach all time high this year we do not know yet if this can meet the price. Well, who would not like to see bitcoin reaches at $50k all users could be happy to have huge profit. So still their is chances and many hopeful to make it happen.

[AAfunctionaluppityF]

I never trusted this kind of predictions. I think BTC has to do his own trip, without speculations.