Bitcoin is going to either $10k or $3k by the end of 2018

[Lmaooo]

Well, everybody is expecting the bitcoin price to skyrocket again just like the last year 2017 but instead, the bitcoin is full of surprises. The majority of the people around the world are expecting the bitcoin price to reach $10,000 at least but it is currently going downwards maybe it will fall down to $3000. what is your take on the current bitcoin situation?

[pealr12]

The sudden dump is only a test cause there is no bad news on bitcoin and yet it went down.  This happening on bitcoin right now will determine who are the risk takers  and the weak hands.

[Lucius]

Well, everybody is expecting the bitcoin price to skyrocket again just like the last year 2017 but instead, the bitcoin is full of surprises. The majority of the people around the world are expecting the bitcoin price to reach $10,000 at least but it is currently doing downwards maybe it will fall down to $3000. what is your take on the current bitcoin situation?

Not everybody, some speculators actually predicted such a scenario we see now with the bottom between 3000$ and 5000$, but same also predict 50 000 by the end of this year (BitMEX Co-founder Arthur Hayes). BTC is one of the most risky investment these days, and no one should not be surprised at all with what's happening in the past few days. We seen before that price can jump 1000$ in a day easy, it can also go in the opposite direction.

I am always optimistic when it comes to BTC, but short term situation is not look good - chances for even lower price are certainly quite possible. Based on last years it is well known that beginning of each year is not the best time for BTC, so it is not realistic to expect recovery in the following months.

[CryptoBull31]

"The bitcoin price will go either up or down".

That's a great observation and I definitely agree. The price will either rise or fall, and at the end of the year bitcoin will be worth either more or less dollars than it is now.

On another note, it really speaks volumes on how most people here have no prior experience in investment. Bitcoin goes down like 10% everyone freaks out and starts saying about how it's the end of cryptocurrency. Meanwhile the stocks of Activision Blizzard lost 40% in a month and I don't see investors freaking out and saying it's the end of video games.

[xuan87]

I had stopped dreaming that Bitcoin price going to skyrocket,the price now has been falling so bad, and we are not sure what is happening and the market also very unstable,making all the situation very confusing, I think there will be another crash, people already losing trust with Bitcoin,Bitcoin need fresh fund to boost the performance, I don't think it could reach 3k but it certainly won't reach 7k

[bigmaster23]

Don't worry guys a christmas break is going to happen that's why the price of bitcoin is falling down, or probably some guys is selling all his coins to buy bitcoin cash for the hard fork idk it's just my hunch.

[guybrushthreepwood]

The majority of the people around the world are expecting the bitcoin price to reach $10,000 at least but it is currently doing downwards maybe it will fall down to $3000.

Bitcoin likely isn't going to hit anywhere near 10k this year. That's just a magic number people like. Without some huge news driving demand bitcoin will likely stagnate or maybe even continue to fall during Nov/Dec.

"The bitcoin price will go either up or down".

That's a great observation and I definitely agree. The price will either rise or fall, and at the end of the year bitcoin will be worth either more or less dollars than it is now.

 

On another note, it really speaks volumes on how most people here have no prior experience in investment. Bitcoin goes down like 10% everyone freaks out and starts saying about how it's the end of cryptocurrency. Meanwhile the stocks of Activision Blizzard lost 40% in a month and I don't see investors freaking out and saying it's the end of video games.

It's not really the same. Those are companies not video games as a whole. There will always be a market for video games, but not necessarily from those companies. Same with bitcoin. There will always be a cryptocurrency but it certainly doesn't have to be bitcoin. That's where the huge issue lies for me. There's nothing really stopping any other currency from taking over bitcoin, but bitcoin still has the name and media behind it but that may not always be the case.

[cellard]

The majority of the people around the world are expecting the bitcoin price to reach $10,000 at least but it is currently doing downwards maybe it will fall down to $3000.

Bitcoin likely isn't going to hit anywhere near 10k this year. That's just a magic number people like. Without some huge news driving demand bitcoin will likely stagnate or maybe even continue to fall during Nov/Dec.

"The bitcoin price will go either up or down".

That's a great observation and I definitely agree. The price will either rise or fall, and at the end of the year bitcoin will be worth either more or less dollars than it is now.

 

On another note, it really speaks volumes on how most people here have no prior experience in investment. Bitcoin goes down like 10% everyone freaks out and starts saying about how it's the end of cryptocurrency. Meanwhile the stocks of Activision Blizzard lost 40% in a month and I don't see investors freaking out and saying it's the end of video games.

It's not really the same. Those are companies not video games as a whole. There will always be a market for video games, but not necessarily from those companies. Same with bitcoin. There will always be a cryptocurrency but it certainly doesn't have to be bitcoin. That's where the huge issue lies for me. There's nothing really stopping any other currency from taking over bitcoin, but bitcoin still has the name and media behind it but that may not always be the case.

None of the PoW cryptocurrencies out there offer any solutions to the classic scaling problems of Bitcoin. And none of the PoW alternatives are safe enough to go and dump your bitcoins over it. Those alts that haven't had the problems Bitcoin has faced it's simply due them being irrelevant and not hosting any value worth attacking.

Scaling or not Bitcoin remains a better gold, and that use case alone is worth trillions of dollars. So how in the f*ck isn't Bitcoin insanely undervalued at $20k or $3k again?

[fabiorem]

My take is that I will buy a lot if it falls to 3k.

I will not let it escape this time. I will be buying hard.

Now if it go to 10k, no problem for me, since I'm a holder.

I'm not in this stupid tug of war between bulltards and beartards.

The problem with most people is that they go "all in", without any regard to the consequences.

I dont like the idea of a nation-state, but I have to deal with it, everyday.

But some people are just not grounded into reality. They are just day-dreamers.

Dump to 3k, I will buy more. Bump to 10k, I could care less.

[gentlemand]

Ten grand is too much. Three grand is too little. I think it is conceivable for next year, three grand that is, but there's still a little bit of hope that needs to be beaten out of people and it doesn't happen that rapidly.

All throughout this year people have taken every sign of life as the grand reversal. That tells us we're not anywhere near the end of it all yet.

[owengtam09]

Well, everybody is expecting the bitcoin price to skyrocket again just like the last year 2017 but instead, the bitcoin is full of surprises. The majority of the people around the world are expecting the bitcoin price to reach $10,000 at least but it is currently going downwards maybe it will fall down to $3000. what is your take on the current bitcoin situation?

I think it will not fall down to $3000, hopefully not because I don't see that it will fall down even more this year. Yes, a lot of us are expecting bitcoin to rise up by end of year but I don't also think it will take again like last year, maybe it was just around the average of $5000-$6000. In my opinion, $10k this year is also impossible for bitcoin to reach again.

[davis196]

Bitcoin would go somewhere between 100K and 1K USD in the next few years. 
This is my prediction and I'm pretty sure that it will become true.There's no other possible scenario for BTC.
Dude,such threads aren't serious,even when it comes to the "Speculaltions" forum.Try to make some analysis.Don't just write "bitcoin will either 10K or 3K" because you just think so,or you have such feeling.

[Pursuer]

no, there is no such thing as either rise to the moon or drop dead when it comes to bitcoin. there is a lot of things in between the two extreme scenarios too. and right now there is a certain trend going on which nobody can change and that trend is an accumulation trend which demands stable price.

now that doesn't mean nothing else can happen. for example the recent drop was a simple manipulation of the price with a lot of FUD and panic because of an altcoin fork!!! but that doesn't mean the trend has suddenly changed for no reason.

[gabmen]

Well, everybody is expecting the bitcoin price to skyrocket again just like the last year 2017 but instead, the bitcoin is full of surprises. The majority of the people around the world are expecting the bitcoin price to reach $10,000 at least but it is currently going downwards maybe it will fall down to $3000. what is your take on the current bitcoin situation?

I think it will not fall down to $3000, hopefully not because I don't see that it will fall down even more this year. Yes, a lot of us are expecting bitcoin to rise up by end of year but I don't also think it will take again like last year, maybe it was just around the average of $5000-$6000. In my opinion, $10k this year is also impossible for bitcoin to reach again.

Not impossible since this market can make a 360 degree turn in a matter of hours. And i think we stil have enough time for a rally to 10k. Though at the moment a lot of us are still surprised about the decline with the bch hardfork the only notable news in the market and i don't think it should affect btc that much.

[Koadharber]

Well, everybody is expecting the bitcoin price to skyrocket again just like the last year 2017 but instead, the bitcoin is full of surprises. The majority of the people around the world are expecting the bitcoin price to reach $10,000 at least but it is currently going downwards maybe it will fall down to $3000. what is your take on the current bitcoin situation?

This had prove again that bitcoin doesnt really follow any speculation from experts or any other professional inputs. We might see different
situation on last year but doesnt mean it would repeat again on next one. Unpredictable market indeed and i didnt even expect we would able to hit up
sub 6k price which we know the support is on that range. We might see the next support of 4400 if it breaks then expect for 2k.

[sunsilk]

Will start withdrawing some of my life savings if ever bitcoin goes on $3,000. I'm not doubting that it may happen but the year won't end that bad and potentially that we will never see $3,000 again.  

As a holder, we just buy at the dip and if price skyrockets then that will be cashing out time for us. Rinse and repeat that's all. We don't usually take those negative news and other stuffs that will just interrupt our focus as long term holder.

[Juggy777]

Well, everybody is expecting the bitcoin price to skyrocket again just like the last year 2017 but instead, the bitcoin is full of surprises. The majority of the people around the world are expecting the bitcoin price to reach $10,000 at least but it is currently going downwards maybe it will fall down to $3000. what is your take on the current bitcoin situation?

I don't believe bitcoins prices will close at any of those prices you have given, these numbers are what people like to comfort themselves with. If you have brought bitcoins then you would love to see it at 10k, if you plan to buy or have sold it you wish to see it at 3k, the problem is they ignore ground reality. It's pertinent to note prior to the crash bitcoins were very much stable, and once this event effects starts to fade we'll see it back to 6k levels, unless some major postive or negative news sways the prices.

[figmentofmyass]

Ten grand is too much. Three grand is too little.

$10k is too much. i don't think $3k is too little. crashes happen quickly. if the $6k support is truly broken, there's a lot of capitulation lying in wait once price starts grinding down.

someone around here posted a wyckoff chart indicating this dump is part of a selling climax in a larger bullish reversal. can't find it now, but it was a compelling chart.....

[clonely]

Well, everybody is expecting the bitcoin price to skyrocket again just like the last year 2017 but instead, the bitcoin is full of surprises. The majority of the people around the world are expecting the bitcoin price to reach $10,000 at least but it is currently going downwards maybe it will fall down to $3000. what is your take on the current bitcoin situation?

I saw a thread like this one one week ago. Someone asked Bitcoin will go 5K or 10K? I answered him that is not possible to know it. And Bitcoin price has fallen. Now I don't know what should I say.

[BrewMaster]

i am always surprised about how you guys come up with these speculations!!! it is the early 2018 all over again when you were speculating price to drop to $3000 just because it was going down and wasn't able to break the $10k resistance at that time!!!

we just had a little drop here. it is not a reason to go down 50% and with a total of 85% drop overall just because you feel some panic...