figmentofmyass
Legendary
Offline
Activity: 1652
Merit: 1483
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 23, 2018, 09:58:21 PM |
|
I think this stable period will last through a good part of next year, unless something big happens. The only thing that could cause 100k$ in next few months is approved ETF from VanEck SolidX Bitcoin Trust, and since it is physically backed with BTC, demand should go up along with the price. But it seems that the chances for that are not too big, SEC is still cautious and a positive decision would be really big surprise. it doesn't particularly matter if the trust is physically backed with BTC. it could be backed by futures contracts that settle at USD equivalent---the price should still generally reflect the spot market due to arbitrage. this is why cash-settled futures don't deviate that much from spot. i don't understand why ETF approval would trigger a new bull run. people keep saying that, but nobody can explain why. this is like the ghost cities in china---you can build all the houses you want, but it doesn't mean anyone wants to buy them. this is called "putting the cart before the horse". ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
|
|
|
|
Lazada
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 23, 2018, 11:35:04 PM |
|
I am sure that the price of Bitcoin can still experience a tremendous increase in the coming months. With the increasing number of people using Bitcoin, it is very good for the direction of positive change. Bitcoin prices are currently in the range of 6,000USD and it is very possible if at the beginning of next year Bitcoin prices could reach 10,000USD. I am optimistic that it will happen because Bitcoin is a thing that often surprises us all.
|
|
|
|
DaMut
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 24, 2018, 04:00:25 AM |
|
Next bull run..how high?!
~snip~ ~snip~ I think the people who just bought Bitcoin in December won't be likely to buy in anytime soon, but how about everyone else who has Bitcoin and better understands Bitcoin's price cycles, and how about the far far larger amount of money from people and Wall St that will be itching to get into Bitcoin before the next bull run starts or after they see that it has started. The people who got recked by Bitcoin by buying in December only represent a tiny amount of the money that will flow into Bitcoin in the next couple years. Governments are allowing it. Bitcoin is about to hit Wall St before the end of this year with BAKKT. Governments will absolutely not do anything to harm a new asset class that promises to gain more wealth for the wealthy. I feel like you haven't been paying attention. $100k I think is a conservative bet for the next peak. I think Wall St alone could raise the price by $100k the next two years. $100k is my target for the next peak, but I think it could very well briefly get in the $150k - $200k range before crashing the way last year $10k was the big target and then it briefly shot up to $20k in the ensuing euphoria. Expect something like that to happen again when it hits $100k in 2020. Small amount of money in December ? i do not think so mate, as far as i remembered our total Market Cap in December~January was around $700~$800 Billions and currently we are sitting at $200 Billions, the difference is 'big' and it is not a small amount of money i believe. most of them came from small investor(got rekted the most too) while an institutional investor reaped a lot of benefit from that run, as you said. everyone else has a better understanding about Bitcoin's price after they witnessed that euphoria. Bitcoin will absolutely get pumped in the future, but it does not mean we can go directly to $100.000 in a single move just like what you are hoping for. if we got $800 Billions in our total market cap when we were sitting at $20.000 a few months ago, how far it will be when we are sitting at $100.000 ? approximately it won't less than $5 Trillions or even higher than that. and it is not a small feat to do that, we might see it $100.000 but it needs a time and we can not expect it in 2020. and the most important thing that we need to consider is, people capability to buy it.
|
|
|
|
Idrisu
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 24, 2018, 06:19:24 AM |
|
Maybe $20,000 again as the investors sentiment is very low. I think we have to see the major bull run in 2020. By 2020, we should expect bitcoin to be trading above $100,000 as by then banks and governments may have come into the market and put in big fund.
|
|
|
|
shamc
Copper Member
Jr. Member
Offline
Activity: 336
Merit: 1
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 24, 2018, 06:51:38 AM |
|
The current price is a great entry point for institutional investors who are preparing to break into the crypto markets. I think it will hit around 30k before dumping down again, then hitting new highs over 50k after that
|
|
|
|
wuvdoll
Legendary
Offline
Activity: 1442
Merit: 1025
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 24, 2018, 08:46:37 AM |
|
It may even be more than if we are to judge from how things have been in the past when it comes to bitcoin bull run and the breaking of new ATHs. $100k is a very reasonable amount when we keep looking at the way things could be in the bull run case, and probably this is something we will probably get to see in the next bull run.
Moreover, what drives the bull run will determine how sustainable it will get in a short period of time considering the level of speculation that abounds in this space. I know corrections are normal, but looking at the level of panic selling and level of volatility that comes afterwards, it can be crazy.
|
|
|
|
upsidedown75
Legendary
Offline
Activity: 1288
Merit: 1036
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 24, 2018, 10:13:53 AM |
|
No such thing for me as setting or thinking of a target price. What matters for me is, the bull run will really happened no matter what.
If how long it will lasts, if what's the highest price will be established etc. I like them to be surprised. Im disregarding all speculations and predictions about the what will be highest price even how good and well detailed the analyzation because of an obvious reason that it may be spoiled. So for me, I will just watch how bitcoin price will behave once the expected and much awaiting "massive bull run" will happened.
But remember that people shouldn't get carried away easily once it happened. A wrong interpretation about the trend may lead to an unexpected scene that people don't want to experienced.
No such thing for me as well. One thing I believe is that however it comes, trend will give us the whole thing glaringly. At the end, it is always going to be a surprise most of the time. I remember last year when a lot of us expected $10k to be the height of it all for the year and then bam! We started hitting the next ATH after the other until we eventually hit $19800 or thereabout and now testing the waters at around $6,000. This is an unpredictable market that is full of surprises, and rather than expecting something, I rather just stick with what trend tells me instead and how far bitcoin goes with a bull run is best known with time.
|
|
|
|
Lucius
Legendary
Offline
Activity: 3332
Merit: 5926
Crypto Swap Exchange🈺
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 24, 2018, 12:58:54 PM |
|
I think this stable period will last through a good part of next year, unless something big happens. The only thing that could cause 100k$ in next few months is approved ETF from VanEck SolidX Bitcoin Trust, and since it is physically backed with BTC, demand should go up along with the price. But it seems that the chances for that are not too big, SEC is still cautious and a positive decision would be really big surprise. it doesn't particularly matter if the trust is physically backed with BTC. it could be backed by futures contracts that settle at USD equivalent---the price should still generally reflect the spot market due to arbitrage. this is why cash-settled futures don't deviate that much from spot. i don't understand why ETF approval would trigger a new bull run. people keep saying that, but nobody can explain why. this is like the ghost cities in china---you can build all the houses you want, but it doesn't mean anyone wants to buy them. this is called "putting the cart before the horse". ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) But it is better for price in general that shares are backed by real BTC, they need to buy coins from market and that means that every share is backed by real coins. Public opinion prevails that such a way of investing in BTC would allow big money to start flow in crypto market, just because it is a easy way for investors to buy BTC through shares. I say before that this looks very nice in theory, but the question is whether there is an interest of big investors for BTC ETF. Personally I think SEC decision to approve ETF would have a positive effect on price, we all see how market is react on last year BTC futures - although some claim it has nothing to do with that bull run.
|
|
|
|
1Referee
Legendary
Offline
Activity: 2170
Merit: 1427
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 24, 2018, 01:09:43 PM |
|
i don't understand why ETF approval would trigger a new bull run. people keep saying that, but nobody can explain why.
People assume spot coins will be bought and that the effect of that will reflect on the price. They have no clue about how booming the OTC market is currently, especially with miners being the main providers of fresh/clean coins legal entities are craving for. I do however have to point out that with less miners dumping on the spot market, it could and likely will make sure that if the spot demand does increase, there is less potential selling pressure on the market, which is always a positive factor. Miners are the main source of supply inflation, and if legal entities buy up most of these coins, there eventually will be a shortage on the spot market with the right amount of demand.
|
|
|
|
bitbunnny
Legendary
Offline
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 24, 2018, 01:38:54 PM |
|
I am sure that the price of Bitcoin can still experience a tremendous increase in the coming months. With the increasing number of people using Bitcoin, it is very good for the direction of positive change. Bitcoin prices are currently in the range of 6,000USD and it is very possible if at the beginning of next year Bitcoin prices could reach 10,000USD. I am optimistic that it will happen because Bitcoin is a thing that often surprises us all.
Everything is possible when we talk about Bitcoin but we are running out of time. The end of the year is getting closer and closer and honestly I don't believe that some significant changes in price will happen. No matter all possible scenarios I don't think Bitcoin price will exceed 10000$ literaly over night. If the price reaches 8000$ or 9000$ by the end of the year that will be surprise for me.
|
|
|
|
fabiorem
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 24, 2018, 03:01:40 PM |
|
At the moment, I just want the price to go back to the previous ATH. So yes, Im very conservative about bullish predictions. 2019 will be a year of recovery, like 2015 was, and 2020 will be equivalent to 2016, when the price was usually going up.
If we are back to the previous ATH, only then we can speak about a bull-run. In my view, a recovery cant be considered a bull-run, its just a reset back to the real price. Until we are not back to the ATH, bitcoin is being sold with a "discount".
|
|
|
|
magneto
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 24, 2018, 08:49:29 PM |
|
The last big bull markets have all established all time highs, so I definitely would not be surprised if the next bull market would be able to have similar returns figures as well. After all, the bitcoin market is quite cyclical in nature.
As you mentioned, there is also the possibility now that institutional investors would be able to influence growth even further and make this coming bull market a lot more crazy.
But personally, I wouldn't expect prices to rise to 6 figures that easily. It's much easier to go from 4 figures to 5, but way harder to get from 5 figures to 6, from a psychological standpoint and because of the limited amount of investments that can come in. But given that the next bull market could potentially coincide with the halving in 2020, it could be possible. I'd like to be more conservative in my speculative predictions, I guess.
|
|
|
|
romero121
Legendary
Offline
Activity: 3220
Merit: 1213
PredX - AI-Powered Prediction Market
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 24, 2018, 10:29:44 PM |
|
From the experts point I think the price of bitcoin will reach around $7500 if the price continue to be resistant around $6800 and if there's a downtrend from the current price range it is sure to reach around $5400 to $5100. It's good to be prepared enough to meet the upcoming event which can make us joyful or let us invest more.
|
|
|
|
thecodebear (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 25, 2018, 09:35:27 PM |
|
The last big bull markets have all established all time highs, so I definitely would not be surprised if the next bull market would be able to have similar returns figures as well. After all, the bitcoin market is quite cyclical in nature.
As you mentioned, there is also the possibility now that institutional investors would be able to influence growth even further and make this coming bull market a lot more crazy.
But personally, I wouldn't expect prices to rise to 6 figures that easily. It's much easier to go from 4 figures to 5, but way harder to get from 5 figures to 6, from a psychological standpoint and because of the limited amount of investments that can come in. But given that the next bull market could potentially coincide with the halving in 2020, it could be possible. I'd like to be more conservative in my speculative predictions, I guess.
Well its always harder to go up higher the higher the price gets, that didn't stop Bitcoin from going up 20x from the previous ATH in 2017, while the late 2013 run only went up 5x from the ATH. Wall St alone could easily push the price to 6 digits. I mean the price went to $20k just over hype about paper futures contracts. Think about what's gonna happen when investment firms with trillions of dollars try to get in for the next huge run! Honestly it could go far higher than $100k in the next couple of years. I'm trying to be conservative and just hoping for a bit over $100k, but realizing that $200k could be in the cards if Wall St gets excited.
|
|
|
|
thecodebear (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 25, 2018, 09:41:33 PM |
|
i don't understand why ETF approval would trigger a new bull run. people keep saying that, but nobody can explain why.
People assume spot coins will be bought and that the effect of that will reflect on the price. They have no clue about how booming the OTC market is currently, especially with miners being the main providers of fresh/clean coins legal entities are craving for. I do however have to point out that with less miners dumping on the spot market, it could and likely will make sure that if the spot demand does increase, there is less potential selling pressure on the market, which is always a positive factor. Miners are the main source of supply inflation, and if legal entities buy up most of these coins, there eventually will be a shortage on the spot market with the right amount of demand. There's only so much supply on the OTC market though, as with any market. When demand goes through the roof on the next bull run the sellers on the OTC market will dry up for all the big Wall St buyers so whoever is buying for them is gonna have to go to the exchanges which will skyrocket the price. Wall St big money isn't just gonna sit back and miss out on huge gains because there isn't enough supply to buy on the OTC markets. It's not any different than the exchanges, when supply dries up due to increased demand the price must rise, and OTC buyers aren't gonna buy prices at a premium on the OTC market if they can go and get it cheaper on exchanges (through some intermediary probably).
|
|
|
|
yugyug
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 25, 2018, 10:47:31 PM |
|
As major countries like Japan and Korea had already adopted the bitcoin last year which triggered the bitcoin price from corrected 1500 - 2000USD to 5000-6000 USD in a span of 3 months and other major enterprise and investors also followed for another six months which rallies the bitcoin ATH of 20k USD until 2018 of January but a 20k price is a momentary spike which last for only a month. From that time until now the price corrected to 7000 - 6500 range and the expected next bull run will be on 2020-2021 based on a four-year pattern in accordance to bitcoin halving event but the price prediction could not reach to 50k max.
|
|
|
|
Kolder
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 25, 2018, 11:30:29 PM |
|
As major countries like Japan and Korea had already adopted the bitcoin last year which triggered the bitcoin price from corrected 1500 - 2000USD to 5000-6000 USD in a span of 3 months and other major enterprise and investors also followed for another six months which rallies the bitcoin ATH of 20k USD until 2018 of January but a 20k price is a momentary spike which last for only a month. From that time until now the price corrected to 7000 - 6500 range and the expected next bull run will be on 2020-2021 based on a four-year pattern in accordance to bitcoin halving event but the price prediction could not reach to 50k max.
It might be the same as last year since adoption occurs and popularity gathered last year, the thing will only be When will we going to see the bull again.
|
|
|
|
exstasie
Legendary
Offline
Activity: 1806
Merit: 1521
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 25, 2018, 11:43:44 PM |
|
At the moment, I just want the price to go back to the previous ATH. So yes, Im very conservative about bullish predictions. 2019 will be a year of recovery, like 2015 was, and 2020 will be equivalent to 2016, when the price was usually going up. I don't like to speculate too much about the timing of it all. Timing is really difficult even in markets with decades and decades of history. It's even harder with Bitcoin, with its whopping 9 years of history. All I know is, the longer we stay in a sideways or bear market, the more powerful the next bull run will be. If we have a recovery similar to 2015, I think we could see prices close to $1 million the next time around. But it's anyone's guess.
|
|
|
|
jamids
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 26, 2018, 01:22:17 AM |
|
All I know is, the longer we stay in a sideways or bear market, the more powerful the next bull run will be. If we have a recovery similar to 2015, I think we could see prices close to $1 million the next time around. But it's anyone's guess.
If that would happen then all of us would be happy who are already here when this is still the price. We would forgot then that there are so many people who have given up in this bear market and the volume will pour back in again. I do hope that it would happen sooner that the market will recover. It might still take a year or years for that bull run but when it happens, all our patience will pay off.
|
|
|
|
Seeker#9
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 26, 2018, 06:28:26 AM |
|
The next bitcoin bullrun that will surpass its 2017 all-time high might still happen in the next two years. The recovery might longer than you think but the market experience price spikes from time to time then go down again. Bitcoin need some factors that could help boost its price like the possible approval of ETF but it is now shrouded in uncertainty. The third bitcoin halving that will happen around May 2020 could spark another bullrun with new all time high. It's difficult to know how high will be the next ATH but I'm not relying on prediction.
|
|
|
|
|