Notable Bitcoin Critic Claims Price Likely to Hit $5,000 In Near Future

[akihikohideaki]

How do you respond to comments made by Bitcoin critic Jeffrey Gundlach, CEO of DoubleLine management. He estimates that Bitcoin can reach $ 5,000 in the near future. Gundlach notes that investors who have a high tolerance for risk can make easy profits if they want to trade Bitcoin.

The question: is it true that currently Bitcoin has changed with fairly competitive volatility ...?

Source: https://www.newsbtc.com/2019/01/11/notable-bitcoin-critic-claims-price-likely-to-hit-5000-in-near-future/

[1715251565]

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[Zin-Zang]

estimates that Bitcoin can drop to $5 in the near future.

FTFY, 

[PlusOne88]

This is not too far from reality. Bitcoin might have been down but it will certainly go up again. As the price now is around 4,000 $, it is a possibility that it might hit that level. But as to what level should bitcoin be stable is something that needs users' help. Without the regular users, bitcoin values could drop significantly even with so much promotion it gets. Application or usage of bitcoin is very much important for the survival of this coin.

[AB de Royse777]

Currently it's $3,645. I had the news that if the price breaks $4,300 then it will easily hit the $5k mark but if the price goes down more than the current price then Bitcoin price could hit the bottom too. The market is unstable. Few days ago it was trending around $4.1k even yesterday in some point it was stable @$4k but suddenly it started to drop and holding the $3.6k so far. Let's see.

[Naida_BR]

How do you respond to comments made by Bitcoin critic Jeffrey Gundlach, CEO of DoubleLine management. He estimates that Bitcoin can reach $ 5,000 in the near future. Gundlach notes that investors who have a high tolerance for risk can make easy profits if they want to trade Bitcoin.

The question: is it true that currently Bitcoin has changed with fairly competitive volatility ...?

Source: https://www.newsbtc.com/2019/01/11/notable-bitcoin-critic-claims-price-likely-to-hit-5000-in-near-future/

That estimation is not that far from the current bitcoin price. I believe that it can hit 5k easily and maybe a little bit more in the second quarter of 2019.
It needs just a stimulus to do so (I don't know what this may be). I think that by the end of 2019 (which is still a short-term estimate) Bitcoin price is going to soar near $ 10,000. It is just my feeling though I cannot relate it to any news.

[dothebeats]

Hard to know. All factors currently affecting the market suggests a sideways movement, starting with bakkt cancellation, new regulation imposed and services developed by institutional investors in the ecosystem. We've been range-bound as well for the last couple of weeks, with highs coming up to $4000 and drooping to $3600 during most times, until we cross that $4200 resistance at the time of writing, we might see $5000 being broken anytime sooner. Markets have been lousy these past few days too, so I don't think $5000 is a possibility just yet.

[clrpod]

Bitcoin is fluctuating currently between about 3500 and 4200. If either of those levels break then it's not more than a 20% movement in either direction to be above $5000 or below $3000. The only real question is which level will break first. I do believe that unless there is some negative news that the more likely scenario is an increase, with or without positive news.

[usorin]

How do you respond to comments made by Bitcoin critic Jeffrey Gundlach, CEO of DoubleLine management. He estimates that Bitcoin can reach $ 5,000 in the near future. Gundlach notes that investors who have a high tolerance for risk can make easy profits if they want to trade Bitcoin.

The question: is it true that currently Bitcoin has changed with fairly competitive volatility ...?

Source: https://www.newsbtc.com/2019/01/11/notable-bitcoin-critic-claims-price-likely-to-hit-5000-in-near-future/

All i can say is that nobody believed that bitcoin will hit 10 000$, the same goes here. Everything is possible, but one thing is for sure, no matter the price the technology behind bitcoin will change the economic world so this is a good reason to invest in it.

[hugeblack]

It is amazing how the price exceeded the $ 5000 barrier on the up and down, which means that the barrier is a crossing point for higher stability levels at $ 6,000 or lower at $ 4000 or $ 3,000. In other words, access to $ 5000 does not mean anything.

Price is not important, the stability we are witnessing is a healthy indicator.

[St4yInTh3D4rk]

How do you respond to comments made by Bitcoin critic Jeffrey Gundlach, CEO of DoubleLine management. He estimates that Bitcoin can reach $ 5,000 in the near future. Gundlach notes that investors who have a high tolerance for risk can make easy profits if they want to trade Bitcoin.

The question: is it true that currently Bitcoin has changed with fairly competitive volatility ...?

Source: https://www.newsbtc.com/2019/01/11/notable-bitcoin-critic-claims-price-likely-to-hit-5000-in-near-future/

Easy,it may reach $5000 in near future or later but now condition seems much worse than how it was when beginning of this year,I wonder this news can act as catalyst to bring something to the market?

For me its nothing changed still the same volatility range and resistance level at $3500.

[vv181]

How do you respond to comments made by Bitcoin critic Jeffrey Gundlach, CEO of DoubleLine management. He estimates that Bitcoin can reach $ 5,000 in the near future. Gundlach notes that investors who have a high tolerance for risk can make easy profits if they want to trade Bitcoin.

Quote me! Bitcoin will price will reach back its ATH and go beyond, and also remember high reward = high risk.

The question: is it true that currently Bitcoin has changed with fairly competitive volatility ...?

The volatility in Bitcoin doesn't change. It is just the market that grows broader, I believe in the future as Bitcoin gain more popularity at some point in the future the volatility will decrease as the adoption already widespread, and the mainstream already well-understood the underlying technology of cryptocurrency.

[wuvdoll]

How do you respond to comments made by Bitcoin critic Jeffrey Gundlach, CEO of DoubleLine management. He estimates that Bitcoin can reach $ 5,000 in the near future. Gundlach notes that investors who have a high tolerance for risk can make easy profits if they want to trade Bitcoin.

The question: is it true that currently Bitcoin has changed with fairly competitive volatility ...?

Source: https://www.newsbtc.com/2019/01/11/notable-bitcoin-critic-claims-price-likely-to-hit-5000-in-near-future/

We are really not that far away from 5 thousand dollars to begin with. This is not some major prediction like it will be 100 dollars or 100 thousand dollars, its just a thousand dollars away, about 20% or 25% away from reality. Considering bitcoin moves up and down 25% almost all the time it wouldn't be a shock to any of us if price moved from here to 5 thousand dollars.

Remember we moved from 3300 or so to 4200 in a week once, if we can move from those levels to higher than there is no way of bitcoin missing a chance to move from 4200 to 5600 again, it is not expected right now and we are not going to the right direction for sure but all I am saying is if it were to happen none of us will be like "how did this even happen" because we are all used to the fact that bitcoin moves weirdly all the time. I wouldn't be shocked about 2600 as well as 5600 to be honest.

[Halmater]

It sounds good but I don't have an idea how this could happen in near future and we see again 5k. When we look to recent prices, 5k means almost a 50% raise. For a 50% raise, we must have a good news or an interesting story that could persuade majority of investors and potential buyers.

[1Referee]

For a 50% raise, we must have a good news or an interesting story that could persuade majority of investors and potential buyers.

Good news pumping the price during a bear market? Good luck waiting for that. On top of that, every quick increase will be tanked back to where it started at, so don't hope for miracles to happen any time soon. The same applies to people hoping for a massive short squeeze to pump the price. People fail to understand that short squeezes don't represent actual demand, and thus will be sold back down quickly.

I like how there is nothing at this point that will make the price pump hard. It makes people get used to this side of the market, and helps them understand that 2017 was something out of the ordinary, and not a normal happening in crypto. People who entered in 2017/2018 legit believed that crypto could only go up in value, lol. 

[clrpod]

For a 50% raise, we must have a good news or an interesting story that could persuade majority of investors and potential buyers.

Good news pumping the price during a bear market? Good luck waiting for that. On top of that, every quick increase will be tanked back to where it started at, so don't hope for miracles to happen any time soon. The same applies to people hoping for a massive short squeeze to pump the price. People fail to understand that short squeezes don't represent actual demand, and thus will be sold back down quickly.

I like how there is nothing at this point that will make the price pump hard. It makes people get used to this side of the market, and helps them understand that 2017 was something out of the ordinary, and not a normal happening in crypto. People who entered in 2017/2018 legit believed that crypto could only go up in value, lol. 

I believe more with each day that news has very little bearing on the crypto market. At least in the short term. Anyone hoping for a increase in price is foolish to wish for a quick rise because that will only lead to 2017 all over again and that is not healthy for the continued success of bitcoin. 2019 is likely going to be largely sideways and that's not all that big of a negative. It allows time for people to focus on adoption and use rather than purely being fixated on bitcoin as a dollar investment.

[coolcoinz]

I agree with him, 5000 isn't some big deal. People always go to the extremes in every market. When the price is going up they overshoot by a lot, like the famous predictions of John McAfee and Tom Lee. When it's going down people also go to the extremes seeing sub 1k Bitcoin and things like that. In reality, the price of Bitcoin should be sitting above 5k right now, that's my opinion based on how the market was acting in 2017, when we were breaking $5k. Fundamentally it was the same Bitcoin, only slower and less robust than it is now, and people were happily paying 5k for it, and not for a week or two, it was months!

[ChrisPop]

I believe we are going to a new ATH this year, but we still haven't seen the bottom IMHO. Bears are still in control, but once we hit that bottom beware because the honeybadger will be simply VIOLENT.  Institutional investors have been surely making some big bags and they will want to see some big returns.

[exstasie]

How do you respond to comments made by Bitcoin critic Jeffrey Gundlach, CEO of DoubleLine management. He estimates that Bitcoin can reach $ 5,000 in the near future. Gundlach notes that investors who have a high tolerance for risk can make easy profits if they want to trade Bitcoin.

The question: is it true that currently Bitcoin has changed with fairly competitive volatility ...?

Source: https://www.newsbtc.com/2019/01/11/notable-bitcoin-critic-claims-price-likely-to-hit-5000-in-near-future/

He's right. You don't need to believe in Bitcoin to be able to read a chart and see the potential profits of trading it. I also tend to agree that $5,000 or so is a reasonable target. With the long term MAs now descending below the previous $6K support, that's a likely reversal area. We might see $5,200-$5,400 if we're lucky.

[owlman]

Guys, how much can one pay attention to the various forecasts of all these experts, if we all know that no one can accurately indicate what price the coin will be in the future? All forecasts are just guesses and most of them are made for manipulation and for one’s own self-interest.

[eroejoe]

I think that Bitcoin will go to 3000 USD, or even lower levels, before 5000 USD mark. Right now, for me it is hard to do anything with this market, because of that I waiting for zones of interest.