Bitcoin bull push to 600k ?

[cr1776]

Dude, you should stop spreading FUD.

It was the same type of person who was here in July 2010 (right after the slashdot article) saying it would never reach a dollar and be under $ 0.01.  And then it would drop back below $1 soon. And then it would never stay about 10, 30, 100 etc.

[jhongzjhong]

Dude, you should stop spreading FUD.

It was the same type of person who was here in July 2010 (right after the slashdot article) saying it would never reach a dollar and be under $ 0.01.  And then it would drop back below $1 soon. And then it would never stay about 10, 30, 100 etc.

So you mean this will be continued raising up the price? Eh, I will agree on that side. Bitcoin price even how to dip the correction had it will recover and growing the price after bouncing you can see the resistance made. No technical analysis on this because we can consider is the unpredictable price. The best thing to do is just wait for the movement of price in the market. Remember that there is an article countdown in possible new ATH come and I believed.

[samcrypto]

Too good to be true, this is too far everyone would be happy if this happen of course but $600k expectation with the current price is impossible for me its already good if bitcoin reach a new ATH.

That’s a high price prediction on a bear market, and it can’t make sense because everyone knows that we need first to have the real bull market before it happens. That’s right we should make first the new ATH but we can’t know when it will happen. If Libra coins push through, i hope the mass adoption begin.

[ILuckyGuyI]

I wish that Bitcoin climb up to 600k that easy but I don't give a chance for a long time. I think Bitcoin is going to break the record in the expected bull run but it can reach maximum 30k dollars in my opinion.

[mr3dds]

Pure speculation and day dreaming.
I hate those insane prediction which is just controversial promotion.
The market cap of this price would be 12600000000000 $

[lionheart78]

I wish that Bitcoin climb up to 600k that easy but I don't give a chance for a long time. I think Bitcoin is going to break the record in the expected bull run but it can reach maximum 30k dollars in my opinion.

It would be a bliss to all Bitcoin holder if Bitcoin goes up to $600k in the next 2 years.  From the current price of $8,266.48 ( as of this reply), it will be 7258% growth and that is a lot of profit if that happen and the idea can really triggers greed that can cause FOMO but alas, investors now a day are wiser.  They are not easily carried away  with just mere presentation since they have seen a lot of these prediction circulating the internet space and most of them just failed horribly.  No matter how unpredictable Bitcoin price is, it will never just increase  that huge without any triggers or catalyst.

[meanwords]

600k is an absurd number to be honest with you. Where did you get that analysis anyway. Even famous analyst wouldn't go in that number. Also, I think that Libra wouldn't have much effect in Bitcoin. I'm seeing bad opinions about it lately and I don't think it will create as much hype. It's like ripple, a centralized coin that is very different from Bitcoin.

[NeuroticFish]

I am going to be realistic to be quite honest. I doubt we will ever see a 600k USD Bitcoin, well not in my lifetime anyway. The fact is people can make a crap ton of money shorting Bitcoin, so why would they even bother to try to pump it up? Only if there was a huge influx of people coming in to buy it in droves and holding it, would there be that kind of a chance, and even then the Powers that be could do everything in their power to manipulate the market and keep the price low. Look at the price of gold for example, it was held down for years and years. I think they will try to do their utmost to keep the price of Bitcoin low so that they can accumulate and own in the end most of it. This would technically make it less and less decentralised as bigger fish would own the majority of it like Rich people do with every asset class.

I find your "realistic" view quite pessimistic. Bitcoin has already shown that anything is possible. It grew from 1000$ to 20000$ in about a year, when some people thought that after the previous (1200$) ATH it cannot get much higher and people could make a ton of money with it already.

Indeed, some try to keep the price down in order to accumulate. But the competition for those coins is rising, since more wealthy people/institutions want a slice of the pie. So the price is bound to rise.
Your comparison with the gold is not good and I'll tell why: first, Bitcoin is scarcer than gold and second, with the advance of technology there can happen 2 things: banks can find something better than gold as store of value (it doesn't matter what!) and release tons after tons of gold onto the market - and - gold may be mined from other sources, not from earth ... all may sound SF but could make the gold price collapse. Such uncertainty can keep the price down (!).

Bitcoin decentralization is not about the number of whales. Bitcoin decentralization is about full nodes. As Legendary you should know this. So I'll not use that wording. And no matter how rich some whales will become, yes they will be able to manipulate the price for a while, but it will become more and more expensive for them to play this game.

[Kakmakr]

Nope, 600k is not realistic at all. We might see $20 000 again, but it would not be as a result of Libra.    Just remember that even if Libra is launched, it would cause a decrease in the price, because it is Bitcoin's competition.

A lot has been said about Kim Dotcom's K.IM P2P content network platform that might also go mainstream and cause a spike in the price. I am not so sure about that, because K.IM would also be using it's own token   linked to the Lightning Network.  

[todiboa]

What do you think of this analysis?
Everything until now (even the recent re-accumulation phase is just as planned). Can the push reach the new highs like 600k? The date says 25. May probably with libra effect included in the growth.

Are you always sure that you will come to work on time on schedule and not get stuck in traffic? The chart shows the recovery of Bitcoin; however, I see no prerequisites for this. Libra? It is unlikely the project will attract so many people to push Bitcoin up to $600k and even $12k

[zviadits]

What do you think of this analysis?
Everything until now (even the recent re-accumulation phase is just as planned). Can the push reach the new highs like 600k? The date says 25. May probably with libra effect included in the growth.

The bull rally lasted too long. I think now there will be a bear market and we should not hope for space growth right up to the beginning of next summer. Bitcoin needs to be held up and waiting for better times.

[randegibran]

I got prediction on October bitcoin will back to higher about $16k but I am not sure is come true because bitcoin today under $10k, everything will be running with bitcoin price where October 2017 bitcoin break higher to $15k and many people got profit with bitcoin price suddenly on the top and expensive.

[yoseph]

Nope, 600k is not realistic at all. We might see $20 000 again, but it would not be as a result of Libra.    Just remember that even if Libra is launched, it would cause a decrease in the price, because it is Bitcoin's competition.

A lot has been said about Kim Dotcom's K.IM P2P content network platform that might also go mainstream and cause a spike in the price. I am not so sure about that, because K.IM would also be using it's own token   linked to the Lightning Network.  

I heard Zuckerberg saying that Bitcoins recent bull run was as a result of people anticipating the Libra and the decision to postpone it has been the cause of the recent price slump. Am sure Bitcoins can eventually get to the 600K that OP is talking about but we are going to need 10 to 15 years before that happens if am to be realistic.

[migws]

What do you think of this analysis?
Everything until now (even the recent re-accumulation phase is just as planned). Can the push reach the new highs like 600k? The date says 25. May probably with libra effect included in the growth.

At first, Bitcoin will have to break the 2018 record at the maximum price. Then let's see how your chart is correct. For example, this year Bitcoin was too controlled, which prevented the coin from flying to the moon.

[javanx3d]

I'm wondering if the growth of the Bitmex-like markets will result the "Road to 600K" being delayed by a number of years. Everyone trying to profit on the ups and downs, throw in the alleged scams here and there, and wouldn't surprise me if it takes us a good little while to hit the 2018 highs again.

[flyingplows]

I see the only way to outpace the selloffs of early holders is if large corporate funds would start getting involved and stash up with btc. That way buying pressure would outpace selling and new heights can be achieved. Otherwise its sideways.. like the last year

[javanx3d]

I saw this article on the current situation https://www.thedailychain.com/jpmorgan-blames-bakkt-and-bitcoin-futures-for-price-drop/ seems to make sense.

[javanx3d]

Yeah, I agree with you. I think we'll see it go sideways a bit while the new institutional money decides how its going to play the market.

[xSkylarx]

Can the push reach the new highs like 600k?

We haven't even reach new ATH since 2018 and now the speculated price is $600k? I don't see it happening and just imagine how much whales will have in fiat value with that price. Better hide yourself from the public and authorities if that is really going to happen.

[nienzer]

What do you think of this analysis?
Everything until now (even the recent re-accumulation phase is just as planned). Can the push reach the new highs like 600k? The date says 25. May probably with libra effect included in the growth.

I really hope for the outcome shown in the graph. First of all, we need to wait out the end of bear market until the end of spring and there we will see could Bitcoin increase value and whether market participants will support the coin. This year, support was insufficient, I would say that major players manipulated the price