Bitcoin market doesn't fall, is it growing steadily!? (thoughts and analysis)

[nicko122]

I will try to add good content to forum!!! Please don't judge too hard  



3 months left until the end of the year and Bitcoin hasn't overcome a mark even in 10,000, not to mention a record in 20,000 in December of last year, so let's remember various "predictions" of Bitcoin's rate from analysts this year.

Here the most known of them:
- Pantera Capital: $20,000 ? 2018;
 - Thomas Li: $22,000 in 2018;
 - Max Kayser: $28,000 by the end of 2018;
 - Alistair Milne: $35,000– $60,000;
 - Anthony Pombriano: $50,000 in 2018;
 - John Pfeffer: $75,000 by the end of 2018;
 - Kay Van-Petersen: $100,000 by the end of 2018.

And now we watch at a current rate ~ $6572,86 – It’s far from figures above.
Though 3 months, certainly, a big term for the young market of cryptocurrencies, during this time here a lot of things can occur, considering extremely high volatility. But we must not to live alone hope for rapid growth, it is necessary to look at longer distances. But it is necessary to look at longer distances. We will return on a year ago and we will look at the figures.
On September 28, 2017 - a rate of Bitcoin was $4150 but now the rate of the main cryptocurrency is $6572,86.

Actually, in a year from September 2017 on the present day, the Bitcoin has risen on ~ 60%, and for the last 2 years more than 10 times.
Game of statistics, but the fact remains, for the year of +60%, you won't argue!!!

If not to equal constantly on December rapid growth up to 800 billion capitalizations and to look at the market in general, then at a bigger scale we see market growth.
But to most of people only rapid growth and a fast depreciation was remembered.
It is possible to tell that the industry wasn't ready last year to such explosive growth of capitalization.
So simply says - all spheres matures.
People began to think more not of speculation in the market, they began to think of more important things, such as the construction of infrastructure for institutional investors, safety strengthening, use of a blockchain and cryptocurrencies in daily tasks, creating favorable conditions for blockchain startups and etc.
 
Whether the firm base for new records of capitalization is ready now?  

Bitcoin keeps the bar high and is now quite stable in price. Many people complained about its instability, now we can observe the opposite. So, the collapse of the market is out of the question, even taking into account the fact that many cryptocurrencies have now fallen in price, Bitcoin is holding on.

[nicko122]

Bitcoin is still something that is too young in the world of investment so far we haven't been able to talk much about the development of bitcoin in the future even though bitcoin prices tend to increase every year. Many predictions from experts about the price of bitcoin every time. However, we cannot rely on bitcoin's hopes for these predictions because the price of bitcoin depends on the volatility of bitcoin price movements on the market.

I agree, at the moment Bitcoin is too young for its full use in business or global investment. The price often changes, as does the opinion of people about it. Now it shows stability, but what will happen next no one can predict.

[hanlap]

Bitcoin is still something that is too young in the world of investment so far we haven't been able to talk much about the development of bitcoin in the future even though bitcoin prices tend to increase every year. Many predictions from experts about the price of bitcoin every time. However, we cannot rely on bitcoin's hopes for these predictions because the price of bitcoin depends on the volatility of bitcoin price movements on the market.

I agree, at the moment Bitcoin is too young for its full use in business or global investment. The price often changes, as does the opinion of people about it. Now it shows stability, but what will happen next no one can predict.

I agree with this view, although the bitcoin price in the past three months does not have too much difference but at that price it still maintains a solid market platform for trading.

[ambisyon]

Yes, I agree that btc is actually going steady in the crypto market based  on the previous years and considering in the past history, there could be a great chance that btc could continuously grow in the market that most are waiting to take effect in the coming last 2 months of the year. Bitc is now getting more stable and just maintained for sometime at $6.5K level. Moreover, just continue to buy or hold your btc until the last month of the year where most are waiting for the expected bullish market to recur just like last year and decide right after.

[Andrey13101991]

Indeed, even if you look at the chart of bitcoin since its appearance, we will see that its growth exceeds the fall and this means that what we see this year is absolutely normal and expected.

[Tangow3]

yes it is growing stable so it is the 4th largest currency in the world
and it is maintaining a stable value and it will continue

[mensahkkofie]

It is quite unfortunate that bitcoin has not peak this year just as it did the previous years. There are issues with projections, sometimes predictions don't come true as planned, many crypto enthusiasts like myself are not happy with the state of affairs. But I still have confidence that there are better days ahead for bitcoin before the year ends.

[pawanjain]

In my perspective Bitcoin is doing really well. Although the price is too low than the all time high price but if we look at the annual growth of BTC then it's still pretty huge than any other asset. I believe it will definitely return a greater profit next year.
All the predictions made by the experts in the OP will most likely not come true because BTC is still at $6600 and I hardly believe it will make it through the $10k by the end of this year.

[dablatair]

Hello,

We are still higher than last year at the same period. Yes it fell down but due to too fast increase in short time due to hype, volatility and speculation. Now that it is quite constant around this support we could really be confident that it will rise up again but need to be a smooth constant one to avoid same diagram than this year.

[hadveach]

in my opinion, this year's bitcoin will not pass $ 10,000. even to reach $ 7000 is very difficult.

I don't see big signs like 2017, such as high demand, and the fast and high volume of bitcoin trading.

[khaled0111]

What causes the surge of Bitcoin price each last quarter of each year and what causes its drop by the beginning of the next yeaf!!! If we find the answer for this questions then we will be able to make judgements, otherwise all we here are just predictions without any credibility.

[Finestream]

It is quite unfortunate that bitcoin has not peak this year just as it did the previous years. There are issues with projections, sometimes predictions don't come true as planned, many crypto enthusiasts like myself are not happy with the state of affairs. But I still have confidence that there are better days ahead for bitcoin before the year ends.

Right.Bitcoin may not reach high peaks at the moment but i think it's price is still good and much higher compared to some other crypto coins.Maybe it would be hard for bitcoin to reach even $10k-$15k before this year ends but hopefully early next year it will give us a good price increase already.

[raidarksword]

Market having hard time coping up with crypto prices for past few weeks so it safe to say that bitcoin is making great job about it. Price speculations only makes a market unstable because of these experts putting up numbers doesn't even add up for reality nature of crypto currency, which is volatility. Let's just help bitcoin and supports its ideology and attracts more investors to it to steadily stabilizes the market for a long run.

[Gotomoon]

Market having hard time coping up with crypto prices for past few weeks so it safe to say that bitcoin is making great job about it. Price speculations only makes a market unstable because of these experts putting up numbers doesn't even add up for reality nature of crypto currency, which is volatility. Let's just help bitcoin and supports its ideology and attracts more investors to it to steadily stabilizes the market for a long run.

The recent trend of bitcoin can hardly to recover it shows price has no signs yet to recover. Yes let us support the bitcoin while price hasnt recover yet. With so many predictions I believe a time will come price will rise again.

[karloscimot]

That's right, bro, because I always think bitcoin will be the first money the world can receive to sell and buy, bro. if compared with other cryiptocurrency ..

[kotajikikox]

It's better to steady the price of bitcoin until end of the year than to going dump their pirce, i think bitcoin will uprise next year 2019 at month of February or after first quarter of the year.

[Xardasim]

Maybe it will, maybe not. Now no one can't say anything. Perhaps if price has had an impact on people in the past year and believe that it will happen again this year, we can see it again. But, it'll be just a psychological increase.

[wall101]

Just like bitcoin a little bit growing everyday and steady price sometimes and not even grow faster and the price is like wave that growing up and falling down.

[kyle999]

Some people dont understand for the value of bitcoin in the future but now i can say that bitcoin is totally steady and not already growing up.

[charlotte04]

I will try to add good content to forum!!! Please don't judge too hard  



3 months left until the end of the year and Bitcoin hasn't overcome a mark even in 10,000, not to mention a record in 20,000 in December of last year, so let's remember various "predictions" of Bitcoin's rate from analysts this year.

Here the most known of them:
- Pantera Capital: $20,000 ? 2018;
 - Thomas Li: $22,000 in 2018;
 - Max Kayser: $28,000 by the end of 2018;
 - Alistair Milne: $35,000– $60,000;
 - Anthony Pombriano: $50,000 in 2018;
 - John Pfeffer: $75,000 by the end of 2018;
 - Kay Van-Petersen: $100,000 by the end of 2018.

And now we watch at a current rate ~ $6572,86 – It’s far from figures above.
Though 3 months, certainly, a big term for the young market of cryptocurrencies, during this time here a lot of things can occur, considering extremely high volatility. But we must not to live alone hope for rapid growth, it is necessary to look at longer distances. But it is necessary to look at longer distances. We will return on a year ago and we will look at the figures.
On September 28, 2017 - a rate of Bitcoin was $4150 but now the rate of the main cryptocurrency is $6572,86.

Actually, in a year from September 2017 on the present day, the Bitcoin has risen on ~ 60%, and for the last 2 years more than 10 times.
Game of statistics, but the fact remains, for the year of +60%, you won't argue!!!

If not to equal constantly on December rapid growth up to 800 billion capitalizations and to look at the market in general, then at a bigger scale we see market growth.
But to most of people only rapid growth and a fast depreciation was remembered.
It is possible to tell that the industry wasn't ready last year to such explosive growth of capitalization.
So simply says - all spheres matures.
People began to think more not of speculation in the market, they began to think of more important things, such as the construction of infrastructure for institutional investors, safety strengthening, use of a blockchain and cryptocurrencies in daily tasks, creating favorable conditions for blockchain startups and etc.
 
Whether the firm base for new records of capitalization is ready now?  

As you can see Bitcoin hasn't drop to the price of it at atleast from 3year price because Bitcoin wants only to go up and be expensive by the year comes.