Bitcoin can go to 42000$???

[Ozero]

the adoption rate versus selling needs to be increased for the prices to grow up and which is happening for bitcoin since it was in the market

Real world adoption is happening but not like how internet or mobile phone technologies were successful in more quicker time. It is not easy to convince all types of people to adopt an ALL NEW MONEY. But, we can believe adoption rate too may grow in exponential as common people are tend to listen to their near and dears. By considering these all, one million dollar levels too will be possible in more quick time than we could estimate.

do you think bitcoin can reach 42000$

Definitely it will reach but the question of time-frame is the mystery. This is the reason almost all positive predictions about bitcoin will be successful but time based ones may not.

 You are right because the internet and mobile technology was welcomed by every country around the world and there was crazy expansion in the rate of adoption of that technology. When it comes to crypto, there are concerns with the states and governments about many things related to decentralization and anonymity. So yes it will take some time but will ultimately happen.

I don't think bitcoin can ever reach a price of 42,000 dollars.
Firstly, the achievement of such a high price is possible only for a certain short period of time and at the same time it is necessary that Bitcoin holders work at this time only on raising prices, without selling it. This is impossible, given that many people will want to take their profits all the same and will sell it, which will cause a decrease in the price of Bitcoin.
Secondly, it is impossible from the psychological side. At this time of such a large price increase, the appearance of any negative information will inevitably lead to fear for the safety of its investments and panic, and it can in a short time almost completely devalue any cryptocurrency.
Thirdly, a big rise in the price of Bitcoin is most likely when a large number of whales will work in this direction. However, maintaining a high Bitcoin price for a long time will not be economically beneficial for them.

[Reid]

x400 percent? Wow.
I dont think so. Although I want it to happen for bitcoin to be seen more by the public, there is this scary feeling that it may become a bubble that will pop out any minute afterwards.
That is way too large that it may become questionable to the world government. It may be taken down or they will create havoc just so people will lose trust into it.

It may end up to a bad conclusion. It will just be a short happiness for us.

[exstasie]

x400 percent? Wow.
I dont think so.

You realize from 2015-2017, we went from $200 to $20K, right? That's a cool 10,000%.

Recency bias is an amazing thing. So many people around here are going to sell near $20K and then buy back so much higher.

[LogitechMouse]

Hi, do you think bitcoin can reach 42000$ as i read here https://www.interactivecrypto.com/bitcoin-predicted-to-reach-42-000-in-the-next-five-months-dan-morehead who know this guy???

Five months??? The chances of it to happen is very low although I'm not removing it on the list of scenarios.

If this will happen in 5 months, there must be a very big news that can make its price higher or some events that can help its adoption. It is hard to reach at this moment but there is a possibility that it can happen .

[jrrsparkles]

the adoption rate versus selling needs to be increased for the prices to grow up and which is happening for bitcoin since it was in the market

Real world adoption is happening but not like how internet or mobile phone technologies were successful in more quicker time. It is not easy to convince all types of people to adopt an ALL NEW MONEY. But, we can believe adoption rate too may grow in exponential as common people are tend to listen to their near and dears. By considering these all, one million dollar levels too will be possible in more quick time than we could estimate.

do you think bitcoin can reach 42000$

Definitely it will reach but the question of time-frame is the mystery. This is the reason almost all positive predictions about bitcoin will be successful but time based ones may not.

 You are right because the internet and mobile technology was welcomed by every country around the world and there was crazy expansion in the rate of adoption of that technology. When it comes to crypto, there are concerns with the states and governments about many things related to decentralization and anonymity. So yes it will take some time but will ultimately happen.

I don't think bitcoin can ever reach a price of 42,000 dollars.
Firstly, the achievement of such a high price is possible only for a certain short period of time and at the same time it is necessary that Bitcoin holders work at this time only on raising prices, without selling it. This is impossible, given that many people will want to take their profits all the same and will sell it, which will cause a decrease in the price of Bitcoin.
Secondly, it is impossible from the psychological side. At this time of such a large price increase, the appearance of any negative information will inevitably lead to fear for the safety of its investments and panic, and it can in a short time almost completely devalue any cryptocurrency.
Thirdly, a big rise in the price of Bitcoin is most likely when a large number of whales will work in this direction. However, maintaining a high Bitcoin price for a long time will not be economically beneficial for them.

Not everyone holding bitcoin at the moment so in the process of price increase more people will join will that literally increases the price so compare to the price loss due to selling will be less which make the prices to increase overall.

Bitcoin is going to reach $42K or $50K some even say $1M as well,but the reality is it can be known only when people starts adopting it.

[Nazmul012]

Hi, do you think bitcoin can reach 42000$ as i read here https://www.interactivecrypto.com/bitcoin-predicted-to-reach-42-000-in-the-next-five-months-dan-morehead who know this guy???

Dan Morehead is actually the CEO of "Pantera Capital", which is an investment firm focusing on bitcoin & other Crypto currencies. In that article, He have mentioned, within this year bitcoin price will hit 42k$, which is not impossible. Cause we have seen incredible hype and excitement in just a few short years. So it's quite possible that, whatever he have said, may come true...

[el kaka22]

LMAO! I haven't realized the name similarity Dude literally just created an account with the EXACT same name as the website and than shared it with us acting all like he doesn't know what that is and who wrote that . He probably literally wrote it himself and than came here to make his website known more.

I am sorry but that is not gonna work, people who read crypto articles on news websites do not read because you created a good discussion, they discuss it here anyway and no need to go to website, you won't get a single person who will forever follow that website just because they saw it here once. They can check that link for sure but its not going to be a permanent user on your website, just gonna check that link and leave forever. Do better marketing next time.

[Mihaylovic]

Hi, do you think bitcoin can reach 42000$ as i read here https://www.interactivecrypto.com/bitcoin-predicted-to-reach-42-000-in-the-next-five-months-dan-morehead who know this guy???

bitcoin can easily reach to 42k usd. i totally agree. i have seen the bull run in 2017. it made around x20 in 1 single year. it has still potential to make a similar move. and x20 can bring it to over 100k usd

[nickname19]

the prediction might happen that bitcoin will touch the price of $ 42,000 but in a period that cannot be predicted.if a situation like 2017 can happen again maybe $ 42,000 is not a price that is difficult for bitcoin to achieve.

[Distinctin]

the prediction might happen that bitcoin will touch the price of $ 42,000 but in a period that cannot be predicted.if a situation like 2017 can happen again maybe $ 42,000 is not a price that is difficult for bitcoin to achieve.

2017 was the best moments in the crypto space, at least for the holders because we were able to sell at a good profit, even our shitcoins we were able to monetize on it, but I don't think we will see the same as people not have learn and are more matured.

Also, I don't like to see that kind of pump and dump as the result is really devastating because we were able to witness a long bear market after that.

[alphaboon]

Why not? Bitcoin was worthless in the past. But it is more valuable than Gold. So Long as those Politicians for eg POTUS let it grow without interruption I feel the value will be immense.

[ethereumhunter]

Why not? Bitcoin was worthless in the past. But it is more valuable than Gold. So Long as those Politicians for eg POTUS let it grow without interruption I feel the value will be immense.

Yes, bitcoin can go to that price. It's only a matter of time for bitcoin to break that higher price and we are sure that it will happen in the future. I hope that we can be more patient to wait for the time because we still seeing the price is at the current price. When the time is coming, the price will start to rally to a higher price, and we will see it will get to the high price soon.

[omonuyak]

Hi, do you think bitcoin can reach 42000$ as i read here https://www.interactivecrypto.com/bitcoin-predicted-to-reach-42-000-in-the-next-five-months-dan-morehead who know this guy???

I have read this speculations and analysis some time last week and i believe in what he said because he has mathematical prove of what he said and also providing proved of what has happened in the past. I strongly believe that he might not be accurately right as no one can predict this market accurately but at list time is come it might get to $42,000. It might be next month or November but it will happen one day.