Hey Guys
How are you all ?
Good News for all bitcoin Lover's May Be Market Down in Chinese New Year but Market Again Set in March to April ,
I read a lot of Articles and Analysis Bitcoin Will hit 17K $ Soon .
But i read Good News about Bitcoin may be It's Touch 50K Dollar in the end of Year ,
Clif High continues “The current buyers of the world’s crypto-currency is less than one and half percent but the next cohort that’s coming in is thirteen and a half percent of the population”.
I don't know what number BTC is going to hit. I know that in it's 9 year history anyone that has bet against it has lost out big-time.
There are a lot of new cool technologies around that are eating Bitcoin's old market share but I think that 5+ years from now a 320k Bitcoin is well within the realm of possibility
Summary of this news .
we have been seeing what is described as a crocodile tooth, where the price increases and then falls. But the number of investors is set to considerably increase, as crypto-currencies become more and more mainstream, which will mean that the price will not fall so significantly again.
High believes that Bitcoin will hit $64,000 as early as April, and adds that it will go even higher. Although it would be expected that it would see a 30% drop after the initial high, this will still bring that value of the coin to the mid $40,000’s. He even goes as far to say that we might see it reach in the region of $100,000 this year.
What is your argumentation? You simply posted "I believe in [VALUE] by [DATE]" which seems to be the norm of cryptos as of late... such articles are pretty much guess work.
Its bs. That would be a 8,000% increase in 90 days. Its highly unlikely, especially if you look at the price trends after big booms and busts for btc. I would bet on quiet 2018 with prices circulating around 10,000.
I agree with you on the first part, but that it will be quiet 2018 is stupid to say. The past 3 months the mass adoption of currencies has been happening all around the world. - Arizona implementing it for tax payments and world adoption happening for normal people, not only the TECH SAVVY ones.
You will see a price of at least 40-50K during 2018. Guaranteed
I would be happy of course with that price range. ANd yes, maybe that was a little bit stupid to state that this year would be quiet. However, I would be really surprised with prices above 20,0000. Especially, because that adoption is banning cryptos alltogether like in China. I admit it that 2018 will not be so quiet after all, but the uptrend is not guarenteed.
64.000$ by April is definitely a bit too optimistic but I can definitely see Bitcoin at 50.000 $ at the end of 2018.
yeah just hold all your bitcoins :P
That is out of question for a real emthusiast or hodler to fold át this time. But over 20,000 this year is just a dream I guess
a very good post @zemiatin
Thank you
hahaha I love a good satire! 64k in April, 40k, 100k.... Maybe these are the prices for 10BTC instead of 1BTC 😉
yeah i agree with you . One thing i can mainly connect is that more and more people are getting to know about the bitcoin and eventually the demand increases . Therefore the price may increase rapidly in the sooner time. Thanks for sharing the info man !!
I don't know for a few years, but, in my life, I'll see the time when BTC is trading "Satoshi" 😄
In an unregulated market, of course, it can reach anything.
However we haven't even seen the start of regulation.
ICOs will have to go through official registration procedures, IRS will ask anyone invested in crypto to file tax returns, and more.
The government will make sure that whatever crypto survives is not a volatile asset anymore, and they control the supply of money.
And they have to, because that's the only way crypto will get out of a speculative bubble and move into a sustainable asset that actually has a use in the world.
This is not to say I'm against crypto, I love the tech behind it, but do not believe even for one second that governments will allow for this volatility anymore.
I wish HIGH is right!
We all gonna be rich!!!
By April it feels a bit too optimistic, the market is too volatile and people are too scared when the bulls comes, many weak hands out there that ruins the bullruns.. As soon as people see it decreasing they will start selling off... (talking about the weak hands)
Hopefully we break the resistance now.