Bitcoin prophesy has shown up again. Which side would you belong?

[LUCKMCFLY]

With recent surge in Bitcoin above $5000, those prophets and prophetesses has come again to predict. All there predictions in late 2017 and early 2018 that Bitcoin will not rest and gasp for breading until it reaches $80,000 per Bitcoin failed to hold any ground. They have lead millions that are following there channels bankrupt in which they are yet to recover. That is why it is good to always do your own research and follow it strictly, even-though it failed, you will be more satisfied than shifting blames to someone that is directing your decision financially. I have found out that majority most times are always wrong.

Why all these stories, they are silent for over a year and suddenly re-appeared about a week ago. Now, there prophesy is that Bitcoin will re-traced to $4200 before we experience any tangible moves, telling there followers to place a pending order around that range. Personally, I don't agreed with them but have an opinion that they will join to buy in $6300 - $6700 range. Technically, on which side would the shift goes based on your justification.

In my case I respect the predictions and those who make them, but in my way of seeing the trading I do not believe anything, because I do not even believe in the prophets that predict so many things in the world, much less believe in the predictions they can make in the speculative market and Crypto.

Normally, I base my analysis on not taking into account predictions but looking for the reaction to the market, because I have realized that operating under reaction is much safer, because predicting it would be turning into Gambling.

There are many predictions that have made important characters, but it is not difficult to predict that at some time bitcoin will rise and probably much more than $ 20k since the information given by the market is that, if we analyze it from a speculative point of view supported under the philosophy of Wyckoff.

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[Finestream]

I am in a position to mention that the price of bitcoin will range between $ 6300 - $ 6700.
I don't really believe if bitcoin will reach higher prices this year.
although it cannot be predicted with certainty. when a bull run happens everything can happen.

I think it will even reach $10k this year seeing the market price already in progress.But still we cannot tell exactly what will happen in the future as this crypto market is full of uncertainties.So we should always monitor the price charts and make a deeper research on the crypto coins so that we will all be responsible of our own actions.

[ricardobs]

I am in a position to mention that the price of bitcoin will range between $ 6300 - $ 6700.
I don't really believe if bitcoin will reach higher prices this year.
although it cannot be predicted with certainty. when a bull run happens everything can happen.

Well as per the current markets are showing us some growth, we can expect a higher price for the bitcoins to be reaches then the price you are mentioning. Bull markets are about to start so the prices for each major altcoin may start hiking up. Peoples need to prepare themselves for the bull market.

Last time when the bull markets arrived, we see somewhat similar graph of bitcoins as it is now so expecting something better coming towards ourselves is not a wrong thought. Bitcoins will not actually show us growth in the price as per the faiths from the users but what I think is when the time will come, bitcoins will start showing us large growth which will make peoples like you start having faith in bitcoins again.

[duyduc256]

I am in a position to mention that the price of bitcoin will range between $ 6300 - $ 6700.
I don't really believe if bitcoin will reach higher prices this year.
although it cannot be predicted with certainty. when a bull run happens everything can happen.

I think it will even reach $10k this year seeing the market price already in progress.But still we cannot tell exactly what will happen in the future as this crypto market is full of uncertainties.So we should always monitor the price charts and make a deeper research on the crypto coins so that we will all be responsible of our own actions.

True Bitcoin value is growing very strongly and it makes me feel surprised about this. I think now is a very good opportunity for you to buy cheap coins because certainly after Bitcoin increases will be a big adjustment of Bitcoin and this is a great opportunity for altcoin to recover well this year. Personally, I am still holding Bitcoin and I will consider selling all at $7500 to invest in other coins

[SirLancelot]

These bitcoin predictions and prophesy has alraedy failed in the past so there is no need to believe in them. Bitcoin is unpredictable and those who are making a prediction or prophesy are simply riding on the present uptrend. Relying on these predictions will only lead to bigger losses in the future. Cryptocurrency investors must learn how to use fundamental analysis and get themeselves always updated on the market so they can find the right time to buy coins.

Probably some people can make the right predictions but they do not share them with other people. Why should they do that if they know something which can help them make billions fast?

I can't truly understand how some of the peoples could predict the exact price for bitcoins or any other coin? There is always some unknown price fluctuation going on with the charts which is almost impossible to speculate upon. I think, those who predict the prices do it due to some kind of luck factor.

We might know when the markets would be up or down depending on the market conditions but exactly predicting the price for bitcoins is not something which could be trusted upon. And also in these situations, the one knowing the future price for bitcoins may be the richest individual as he can earn a lot over trading on the exact times.

[upsidedown75]

These bitcoin predictions and prophesy has alraedy failed in the past so there is no need to believe in them. Bitcoin is unpredictable and those who are making a prediction or prophesy are simply riding on the present uptrend. Relying on these predictions will only lead to bigger losses in the future. Cryptocurrency investors must learn how to use fundamental analysis and get themeselves always updated on the market so they can find the right time to buy coins.

Probably some people can make the right predictions but they do not share them with other people. Why should they do that if they know something which can help them make billions fast?

I can't truly understand how some of the peoples could predict the exact price for bitcoins or any other coin? There is always some unknown price fluctuation going on with the charts which is almost impossible to speculate upon. I think, those who predict the prices do it due to some kind of luck factor.

We might know when the markets would be up or down depending on the market conditions but exactly predicting the price for bitcoins is not something which could be trusted upon. And also in these situations, the one knowing the future price for bitcoins may be the richest individual as he can earn a lot over trading on the exact times.

People can only predict the price range or time range but can never predict the exact value a coin with be at an exact time, even with luck factor, except it is just a coincidence.

Most people that has even neared predicting close to perfection without speculating must definitely use the technical analysis tool to read the movement of the coin and will still not rely on that alone, but rather pick up some fundamental analysis to confirm the technical analysis prediction before they can arrive at a conclusion, no expert can ever boast of predicting the exact value, when he is not the one pumping the whole money alone into the market.

[zee11225]

I am in a position to mention that the price of bitcoin will range between $ 6300 - $ 6700.
I don't really believe if bitcoin will reach higher prices this year.
although it cannot be predicted with certainty. when a bull run happens everything can happen.

I am correcting your opinion, because I believe bitcoin will continue to go green until the end of this year. Today's price is more than USD 8000, meaning reaching USD 10,000 is not impossible.
I am pleased to see that the bitcoin price movement is very encouraging, although it may not be like 2017 but can prove that the opinions of experts are wrong, because they tend to be pessimistic about the future of bitcoin. Even though I was in a very optimistic position.

[Seeker#9]

Cryptocurrencies are said to be unpredictable when it comes to its future prices and those people that use to predict it will always bound to fail unless they possess a third eye. All I can do is to guess what will be the next possible price of bitcoin based on its price history. Some experts believes that institutional investors are again entering the cryptocurrency investment and these would affect the market prices in the near future.

[kynaz]

I am in a position to mention that the price of bitcoin will range between $ 6300 - $ 6700.
I don't really believe if bitcoin will reach higher prices this year.
although it cannot be predicted with certainty. when a bull run happens everything can happen.

I am correcting your opinion, because I believe bitcoin will continue to go green until the end of this year. Today's price is more than USD 8000, meaning reaching USD 10,000 is not impossible.
I am pleased to see that the bitcoin price movement is very encouraging, although it may not be like 2017 but can prove that the opinions of experts are wrong, because they tend to be pessimistic about the future of bitcoin. Even though I was in a very optimistic position.

I don't think Bitcoin can be green until the end of the year because it is likely that the market will soon have a huge correction and Bitcoin may fall to $6000 before a higher price increase occurs at the end. The market is showing positive signs but you need to be careful because this can be a trap that causes investors to lose money and then they can buy it at cheaper prices. In my opinion the market is being controlled by a group of people and we cannot predict anything

[XDAT Official]

Bitcoin - the legacy crypto
Bitcoin is up 67% on from $5265 on 01 May, 2019 to $8975 by month’s end.
In other developments companies like  AT&T announced accepting Bitcoin payments for its services. Whatsapp is enabling sending and receiving Bitcoin, Litecoin, Ethereum and ZTX native token of the Zulu Republic platform for transactions, according to Zulu Republic.
Facebook is also setting foot into the crypto sphere through ‘GlobalCoin’ and a blockchain leg, that is bagging a whopping investment of $1 Billion from investors.
A recent study shows that it may lead a tripling of crypto users. Through these statistics, we see an active adoption of cryptocurrency by global companies which will pave way to a possible chance of mass adoption

The broader market excluding Bitcoin shot up to $125.6 Billion (highest on 30 May)

[Cosbycoin]

Cryptocurrencies are said to be unpredictable when it comes to its future prices and those people that use to predict it will always bound to fail unless they possess a third eye. All I can do is to guess what will be the next possible price of bitcoin based on its price history. Some experts believes that institutional investors are again entering the cryptocurrency investment and these would affect the market prices in the near future.

1 Bitcoin will always remain 1 Bitcoin while 1 Ethereum will always remain 1 Ethereum. We don’t know what will happen to their prices in future and what will be the lowest prices. But we know that so far the Ethereum and other coins are doing great and no doubt for the Bitcoin as it has proven its progress and performance. So, the benefits in the Bitcoin and other coins compel us to give them priority over others.

[deisik]

Cryptocurrencies are said to be unpredictable when it comes to its future prices and those people that use to predict it will always bound to fail unless they possess a third eye. All I can do is to guess what will be the next possible price of bitcoin based on its price history. Some experts believes that institutional investors are again entering the cryptocurrency investment and these would affect the market prices in the near future.

1 Bitcoin will always remain 1 Bitcoin while 1 Ethereum will always remain 1 Ethereum

Technically, you are not quite correct

Given the number of Bitcoin hard forks in the past (and let's not forget about Ethereum Classic either), 1 bitcoin can in fact become 2,3, and even more bitcoins over time without you doing anything special (apart from having a few bitcoins, naturally). Whether the new forks will be worth anything is another question, though. Still, Bitcoin holders had been given essentially free bitcoins at the time of the Bitcoin Cash hard fork (here I refer to the fork that happened in August 2017, of course)

[JPSelzer]

How many people, so many opinions. But it doesn't matter. The fact that bitcoin will has dropped in price that's for sure. Just do not expect a strong fall. I don't think bitcoin will drop below $ 6,000.