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Author Topic: How far is 50k bitcoin?  (Read 239 times)
pitiflin
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August 07, 2018, 11:37:59 PM
 #21

I can not possibly say how far the $50k bitcoin is but all I can say with certainty is that it is so much closer that you would think it is. for example last year when price was still $900 people were arguing about when $1200 (the previous ATH) would be reached and how that will take a long time. and then the bubble talks began and nobody even thought it would reach $20k in a year.

$50k is no different either. as soon as we get out of this accumulation/manipulation phase that bitcoin is stuck in we will start the rise towards that target easily.
Last year we had a different scenario. But 50k $ is a little too far, at least a year away minimum, max I would say 3-4 years. We can't go by the charts all the time, because things happen and they have consequences for it. Bubble talks by Jamie literally saddened the markets for a while and then out of nowhere the bitcoin gold forks pumped up people's moods to buy more bitcoin. Because free money. But now we can't have the same case, forks are shit now.

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August 08, 2018, 11:34:20 AM
 #22

it looks like we are getting farther away by $ 50k, the bear market lasts very long and frustrates many investors. this makes many investors sell the bitcoin they have.
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August 08, 2018, 11:37:27 AM
 #23

I would say it’s way too early to predict 50k BTC. It won’t happen anytime soon but on the other hand who is able to predict the market right now?!

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August 08, 2018, 12:04:52 PM
 #24

it looks like we are getting farther away by $ 50k, the bear market lasts very long and frustrates many investors. this makes many investors sell the bitcoin they have.

Yes it was far from getting $50k dollars but there is always a chance for the price of bitcoisn to grow even more just like what happened last year when china banned ico's which makes the price to drop so hard but still bitcoins managed to reach $19k dollars before the year ends.

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August 10, 2018, 10:42:28 AM
 #25

it looks like we are getting farther away by $ 50k, the bear market lasts very long and frustrates many investors. this makes many investors sell the bitcoin they have.

Yes it was far from getting $50k dollars but there is always a chance for the price of bitcoisn to grow even more just like what happened last year when china banned ico's which makes the price to drop so hard but still bitcoins managed to reach $19k dollars before the year ends.
In fact it is depending on the bitcoin attitude, once bitcoin price will start increasing then it not too far, and very soon we can easily reach to that price, but if bad news will continue to effect the bitcoin price then I do not think that it will be possible to reach to that level in next 5 years.
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August 10, 2018, 11:21:22 AM
 #26

maybe after the ETF is received the bull market will start soon, but the ETF problem decision is still in September. if accepted, surely the price of bitcoin will rise until the end of the year.

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August 10, 2018, 01:08:16 PM
 #27

maybe after the ETF is received the bull market will start soon, but the ETF problem decision is still in September. if accepted, surely the price of bitcoin will rise until the end of the year.

Yes, there's so much hope for that ETF to be approved so that we can finally say that we are in a bull run. Regarding $50K, probably might takes us 2 year minimum. If we go on a bull run, around 2019 will be a good estimate. But we all know that this market is very unpredictable maybe we can achieved in this year or perhaps in 2020. But I'm not losing hope and its possible to get to it in the future.

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August 10, 2018, 01:22:08 PM
 #28

50k is still a long way to go as far as the current market is concerned. I certainly believe we are not yet at the bottom yet and the market will still be out to shake out more weak hands eventually. However, with all expectations, we may as well just see how things would turn out with next year and the next which are the years I actually feel would sound more reasonable and realistic to start attaining new All time High.

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August 10, 2018, 01:48:20 PM
 #29

The $50k bitcoin bull run will have its say, when this year has given out it's presents to bitcoin. Since this year, bitcoin has been facing a downhill movement, with no much up climbing. So, whatever this year gives will determine when the bull run starts.

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August 10, 2018, 03:24:34 PM
 #30

I think the 50K bull market has not begun yet.  We have not been in that silent period with very less volatility though currently volatility is decreasing.  For example, When you starts your trekking, what would you experience?  First you will travel through plains and then climb the hill and again down to plains and then another big hill and so on.  Such that, we have just climbed the hill and now we are downsloping, we have not found that plains yet.  Good news is that hills are getting smaller and smaller that means we are nearing the plains, and also we have to travel through that plains before we get another hill to climb up.  So, I think 50K or may be 100k btc is still very far than we are expecting.
There is no timeline in getting $50k price of bitcoin. Just take a look how hard to reach again the price of $10k as it encountered a series of downfall and yet it's not get there due to much resistance on that level then how much more in getting to $50k. Although everything can happen in crypto, just bear with the system as this will heading the top.

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August 10, 2018, 04:11:08 PM
 #31

How far is 50k bitcoin?

I think the 50K bull market has not begun yet. 

It is like 3 years away. Next Bull market will start in spring next year and with slow growth reach old ATH in mid 2020.

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harizen
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August 10, 2018, 05:20:51 PM
 #32

I think the 50K bull market has not begun yet.  We have not been in that silent period with very less volatility though currently volatility is decreasing.  For example, When you starts your trekking, what would you experience?  First you will travel through plains and then climb the hill and again down to plains and then another big hill and so on.  Such that, we have just climbed the hill and now we are downsloping, we have not found that plains yet.  Good news is that hills are getting smaller and smaller that means we are nearing the plains, and also we have to travel through that plains before we get another hill to climb up.  So, I think 50K or may be 100k btc is still very far than we are expecting.

Why expecting to see that kind of price trend today? Why in a rush?

As you said there are lots of struggles around so why expecting that you may see some road to highest mountain now? Just go with the flow. If it will happened then it will happened. People are just in rush to see great price increase because some of them are still under the effect of 2017 hype where $50,000 to $100,000 price target should have reached this year or the following year.

There is always a chance but don't expect that it will happened within a short period of time. Again "go with the flow" and trust the process.

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August 10, 2018, 06:51:22 PM
 #33

I think the 50K bull market has not begun yet.  We have not been in that silent period with very less volatility though currently volatility is decreasing.  For example, When you starts your trekking, what would you experience?  First you will travel through plains and then climb the hill and again down to plains and then another big hill and so on.  Such that, we have just climbed the hill and now we are downsloping, we have not found that plains yet.  Good news is that hills are getting smaller and smaller that means we are nearing the plains, and also we have to travel through that plains before we get another hill to climb up.  So, I think 50K or may be 100k btc is still very far than we are expecting.
Even $10k is yet too far from now, so imagine how many years you would have to wait before it hits $50k and oh, i think $20k is just for a show at least it helps them to get an awesome profits specially to those hodlers.

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August 10, 2018, 06:58:09 PM
 #34

One year.
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August 10, 2018, 07:17:45 PM
 #35

I think the 50K bull market has not begun yet.  We have not been in that silent period with very less volatility though currently volatility is decreasing.  For example, When you starts your trekking, what would you experience?  First you will travel through plains and then climb the hill and again down to plains and then another big hill and so on.  Such that, we have just climbed the hill and now we are downsloping, we have not found that plains yet.  Good news is that hills are getting smaller and smaller that means we are nearing the plains, and also we have to travel through that plains before we get another hill to climb up.  So, I think 50K or may be 100k btc is still very far than we are expecting.
Very very far indeed and its just normal to have those slopes, hills and plains into this market and that's how a volatile thing do work. The fact that we didn't able to hit up the ATH which means we are really struggling into this year into bitcoins price or even on the entire crypto market. We didn't able to recover on the 800b cap which we do able to see on last years. For now we should be realistic, don't think up on 50k, just focus first on how we do able to reach the ATH once again.

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August 10, 2018, 07:19:18 PM
 #36

Assuming the trend will be similar to 2017 and 2013 bull runs, I think $50,000 will be reached in 2021. The idea is that we'll have a bear market in this year and the next, it will start going up before the halvening of 2020 and will keep growing slowly until it explode with new ATH. $50,000 is only 2.5 times increase from the last ATH, if there will be enough hype we can see even higher numbers. But there are other possibilities, maybe we'll have bull run earlier, maybe there will be no crazy rally and instead slow increase over long time. Just because it happened in the past doesn't mean it will repeat again.

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August 10, 2018, 10:29:24 PM
 #37

We need more time before penetrating $50,000.

Bitcoin today is nearly going under $6,000 so this can make  the panic sellers start to rant again.

At least lower down your expectation, lets check in first to $10,000 then $15,000 and so on.

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August 10, 2018, 10:47:05 PM
 #38

Yes we are far to 50k to 100k dollars. But everything is possible even this year is that possible  but how? If we have unity to hold , buy more bitcoin, and advertise bitcoin to others we can see the price pump for sure and we see that price.

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August 11, 2018, 12:11:46 PM
 #39

I think it will take many years to reach 50 k.It is not that easy.Sudden fluctuations is affecting the growth of BTC.It is not impossible to attain such value but according to me it is time consuming.It needs support and understanding of investors but that is not easy to attain.I think this year it might reach 10k so expecting 50k is far behind our scope.But we should promote bitcoin,try to advertise it in order to increase it value.

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August 11, 2018, 05:24:50 PM
 #40

If you follow the trend last year and apply it this year, $50,000 is possible. Last years bull run reached 600% increase. Given the current rate of Bitcoin at $6,700 today plus 600% increase, Bitcoin could reach close to $50,000 USD. There might be bumps along the road to $50,000 but it is possible.
Never do that, you are just deceiving yourself by doing such a thing, I know that it can be very tempting to see the results that we got last year and play them to this year but that is not going to happen the circumstances are very different, the starting price is really different, the legal landscape was different and the state of development was different too.

So please avoid doing that in the future for your own sake since it is very easy to take terrible decisions when looking at the past and thinking the past is going to repeat itself in the future and also it is a big mistake that we are going to see a bull market that soon, we come from one of the most spectacular growths in this market and everyone needs some time to get more money before a new bull market happens. 

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