Yes!, Yes it is very possible for us to hit these levels. It always seems like summers are slow and as we roll into September things really heat up. This also applied to me for business for some reason everything just slows down in the summer months and then gears start spinning again end of August through the end of the year.
We see this trend happen with cryptocurrency as well year after year.
I have been watching news articles for the last few months and you see a constant trend of how 20k was over bought and just a shit ton of FUD like seriously huge amounts of it. But while all that has been happening there has been a large number of improvments happening.
Bitcoin got lightning network and continues to grow it
Ethereum is working on Sharding and POS
EOS launched (well kinda to me it does seem to still be flip flopping a bit)
New coins have launched such as Dystem
and so much more.
Whats funny is this time last year we where making prediction of bitcoin hitting $5,000 by years end in which we blew that out of the water at lest just say 20k. Well this year we are predicting 25k to 50k so if we blow that out of the water we could be looking at 100k.
It really depends on when the markets start opening up. There will be a huge flood of new money coming in and again I know I sound like a broken record about this but even if just 1% was invested into bitcoin the value of it would be $50,000 and that's just ONE PERCENT!
For right now our targeted goal for making this a reality should be $10,000 and holding steady by end of August.
Every small action you can do helps the crypto world grow but it needs to be positive. NO SCAMMING HERE PEOPLE. Add buttons to buy your products but they better be good quality products. Use and buy crypto when making purchases. Your not losing money this way your helping demand and growth when doing so. Remember it might not seem like it but we are still very much so in the early days for cryptocurrency. The more you can get and sell your products and services with I feel personally the better off you will be a few years down the road.
woah! just amazed to see only 1% can do that, i just hope btc reach 50K by year end, just imagine how much altcoins would grow because of that
altcoins might actually suffer since most of the money coming in would be stock exchange type money it would mean that the money is locked into bitcoin and cant be moved into altcoins
your statement is right if i consider that 90% of the altcoin projects in the market are going to die eventually because either they are useless or for only a particular purpose!
some altcoins will still see a great ride as stock investors also diversify their investments in many potential companies just in-case if something goes wrong. :)
P.S.: thanks for the upvote, it really means a lot :)
@bitcoinflood..
this is possible bitcoin cross $50000 in this year end, bcoz chart pattern not showing that prediction.
I am sure with your prediction ,,, but whether it will happen up to $ 50,000
If it reaches that height, I would be glade and on 7th heaven, lol!
good jocking hahah