Bitcoin about to go really high

[jazmuzika217]

Lets just wait what will happen in the next couple of month its too early to predict if Bitcoin will continue to dominance in the next few month all of us are waiting to this history repeat again. It will happen surely like what the chart say imo if $10,000 break we can see a new all time high.

[jho0810]

Well for me I'm confident that bitcoin will be go higher this year maybe not like what we expected price but I feel that bitcoin will go high price this year and next year. So hold on to what you have right now because it's not really started the rally.

[candra raditya]

The price of 30k - 50k is too much hope and there is no certainty that prices will be achieved in the near future, and even the next 2-3 years will likely be difficult to reach 30k.

[eaLiTy]

With the look of things no amount of Bitcoin increase will surpasse the one that happened in 2017 before the end of this year in my opinion though I stand to be proof wrong with evidence on how it will happen before end of this year.

The funny thing about the price movement is that you cannot have any evidence until the price moves in that direction and then we can speculate about it, i never expect the price of bitcoin to rally like that in 2017, during that rally i expected the price would touch $10K and then we will see a correction but the rally kept on moving higher until it touched around $19.5 K, do we have a concrete evidence on why the price broke all those resistance in a short period of time other than speculating the obvious reason  .

[Distinctin]

The price of 30k - 50k is too much hope and there is no certainty that prices will be achieved in the near future, and even the next 2-3 years will likely be difficult to reach 30k.

Let's see then, you are making a conclusion too early, as if you don't see how the price of bitcoin move last bull run.
Take a look at the chart below and see how bitcoin from less than $1,000 rises to almost $20,000.

https://coinmarketcap.com/currencies/bitcoin/

That's x20, and if the current price which is $8000 will be multiplied by x20 that would reach 160K usd.

[Viscore]

The price of 30k - 50k is too much hope and there is no certainty that prices will be achieved in the near future, and even the next 2-3 years will likely be difficult to reach 30k.

Let's see then, you are making a conclusion too early, as if you don't see how the price of bitcoin move last bull run.
Take a look at the chart below and see how bitcoin from less than $1,000 rises to almost $20,000.

https://coinmarketcap.com/currencies/bitcoin/

That's x20, and if the current price which is $8000 will be multiplied by x20 that would reach 160K usd.

It really that big and I don't know how people could react into this. It maybe some billionaire will jump into crypto cause of the profits it gives more than enough from any stock investment. But still a big question if people low profile person could risk their money in here cause it is really expensive.

Though we need to be positive and even think for another bitcoin ATH but thinking for x20 to its price today, it is truly hard to achieve and I'm not that very optimistic person.

[onecall123]

Lets just wait what will happen in the next couple of month its too early to predict if Bitcoin will continue to dominance in the next few month all of us are waiting to this history repeat again. It will happen surely like what the chart say imo if $10,000 break we can see a new all time high.

YES! History can repeat again but that's before we should keep a watch out what's going next. For now, BTC needs to get back above its resistance level to proceed with its bullish trend. As long as Bitcoin will alive, not only continue to dominance but also reach another superior level.

[MidnightWolf]

As long as Bitcoin is in demand in the cryptocurrency market, it will occupy a leading position.  But it is worth thinking about what opportunities Bitcoin and If other cryptocurrency offers, which give much better conditions.  It seems to me that for Bitcoin you need to improve the speed of the transaction and reduce the price for transactions, as well as fully start using Bitcoin as a means of payment.

[1Referee]

It seems to me that for Bitcoin you need to improve the speed of the transaction and reduce the price for transactions, as well as fully start using Bitcoin as a means of payment.

Nope. History provides the evidence that we don't need fast and cheap transactions to pump hard. It also shows that Bitcoin doesn't need to be used as a means of payment. It just has to go up and the herd will jump on it because they love buying Bitcoin when it goes up. They don't buy it when it goes down, while that usually is the best time to buy.

People don't care enough about the technical side to have it be an important aspect to either invest or not invest in Bitcoin. Just look at how altcoins without any fundamentals pump super hard. IOTA during the previous bull run pumped to insane levels with a broken network. No one noticed that until exchanges stopped accepting deposits and withdrawals.

Years ago I thought that most altcoins would disappear because of them not having strong fundamentals, but I have been proven wrong on that. They will stay alive as long as there is enough speculative demand.

[Capt00]

People will think it negatively when the market drops since before but they are wrong. We started at very low and tested a lot of time but things went good and its volatility was now accepted by the majority. It is sad that some of us still in doubts, they aren't learning from the past.
A lot of people lose their money but they keep their life in here investing cause they know that sooner they'll see the bright side of crypto and everything will be fine.

[exstasie]

Years ago I thought that most altcoins would disappear because of them not having strong fundamentals, but I have been proven wrong on that. They will stay alive as long as there is enough speculative demand.

Altcoins take Bitcoin's lack of liquidity to a new level. It's amazing how few coins are circulating, and how many fewer yet are landing on exchanges and being sold. Many altcoins also have incredibly concentrated supplies. Whales withhold most of that supply from market and patiently wait for altcoin demand and hype to pick up again.

This is the reason why Bitcoin forks like Bcash are still afloat today too. Bitcoin forks have the added bonus that so much of the supply is completely static and quite possibly lost. So with miners like Bitmain withholding mining supply from the market, the market is even easier to prop.

[EdenHazard]

The price of 30k - 50k is too much hope and there is no certainty that prices will be achieved in the near future, and even the next 2-3 years will likely be difficult to reach 30k.

Can you remember when the price bitcoin at beggining of 2017 ago? It's price only $900 but you can imagine how its price went up until touched $20.000. Can you imagine it? Logically a very drastic price increase such as that will never happened in any investment place, but none when you invest in bitcoin. You must believe that, the price of bitcoin can increase up to $1000 in one hour, and this has often happened. So, to reach the price of $40,000 or even $50,000 it could be happen if the market stick up and some information that comes are really good, we must be optimistic.

[Distinctin]

The price of 30k - 50k is too much hope and there is no certainty that prices will be achieved in the near future, and even the next 2-3 years will likely be difficult to reach 30k.

Can you remember when the price bitcoin at beggining of 2017 ago? It's price only $900 but you can imagine how its price went up until touched $20.000. Can you imagine it? Logically a very drastic price increase such as that will never happened in any investment place, but none when you invest in bitcoin. You must believe that, the price of bitcoin can increase up to $1000 in one hour, and this has often happened. So, to reach the price of $40,000 or even $50,000 it could be happen if the market stick up and some information that comes are really good, we must be optimistic.

If the same trend will happen in the past bull run, we might see that price, people might forget that they should not compare to other form of investment like stocks as we are in the crypto world, the price movement here is different and there's plenty of surprises in the market.

[FanEagle]

Why are we not calculating the already increased amount? I mean it was at bottom 3.2k and now its 8k which means if you calculate from 8k then it will be 160k but if you calculate it from 3.2k then it will be 64k (I hope my math sucks) that is why you can't calculate it like that, we don't know it will do 20x at all neither maybe it won't do another 20x but will only do 10x which is still a lot in finance anyway.

So, calculating from 3.2k and calculating it as 10x that will come to 32k and that would be all time high but nowhere near 160k level at all. This is bitcoin, people who have been around for a long time (way before 2017 peak) will tell you that btc can be 1k tomorrow or 10k and none of it would be weird.

[STT]

If you were wondering what stage we are in atm

This neglects to show the long period BTC went sideways after 2014 and also the effect of halvening around that time.     It rose and also fell, it was really not till late 2016 that I remember this rise being of note and a regular trend upwards over multiple time periods



We have lost a daily trend upwards, it now forms the top ceiling to price movements daily.   If market should take profits on that basis Im not thinking we rise much further without double checking previous price levels around 6000 because that was the bottom so often in 2018 I dont think we ignore that history now

[BitHodler]

Though we need to be positive and even think for another bitcoin ATH but thinking for x20 to its price today, it is truly hard to achieve and I'm not that very optimistic person.

Thinking positive isn't going to help you unfortunately--people were overly positive last year hoping for a bull run to happen, but it didn't happen. Lower lows was what people were subjected to in all of 2018.

The thing with Bitcoin is that it can always go lower or higher than what you think is possible. Bitcoin during bear and bull markets acts so irrational that it is either extremely oversold or overbought.

The multi year bull market might have started already, so with a few more sparks it can definitely surpass the $100k mark in the coming 2-3 years. Betting against Bitcoin is dangerous. Make sure you're long with a fat hodl stack.

[Pagri]

I do not understand this tendency to project our expectations on the price of bitcoin based on past behaviors. It is well known that things have never happened like this, and this way of predicting the future behavior of the market has never been an easy task, because if it were, this would be one of the easiest businesses in the world. In addition, the fact that everyone entered the market following these types of forecasts would imply altering the market, thus modifying any anticipated perspective.

[Woodie]

Price speculation is too high, 30 to 50 is just to high in a time when cryptocurrencies aren't doing so well, we are not even half way through the all time high of bitcoin and you say we can do this in 1-2 months.amazing!
OP just how did you get to these estimates and what factors or signals are going to help us get to this price?

[shield132]

I like how you guys discover a lot of similarities through charts but who says that past charts will be repeatible even if they are similar to current ones? In overall I agree with you, bitcoin's price will rise buw how soon? According to your discovery, we have to see this rise pretty soon, I'm holding, not moving them currently. Let's see what will happen in near future.
Hope your "hope" isn't just another wasted one and it will turn from hope into reality.

[jademaxsuy]

If you were wondering what stage we are in atm



1-2 month btc price 30-50k, mark this post so you can get a free psychic reading later.
or as I like to think of it 2500-4000 hours per coin at min wage

Yeah there is a high chance that speculation will going to come true. Besides, I have read a thread regarding a billionaire wishing yo buy 25% of bitcoin total supply for no particular reason. If this will be realizing then a hype will be expected with the purchase of 25% bitcoins total supply will surely make bitcoin soar high. And I think it will reach to 30K usd per btc market price.