Topic: [2018-03-30] Experts Predict that Bitcoin Price Will Go Up to $20,000 by the End - page 2. (Read 242 times)
March 30, 2018, 12:28:39 PM
That might or might not happen by the end of year . People are just so panicking right now seeing their money getting dumped and all the panic is creating some major sell off across the market cap . People are just not getting convinces by the method of holding and waiting even though it is the best way to protect yourself from getting any kind of loss.
March 30, 2018, 11:00:20 AM
It is not a 40 percent recession. Bitcoin's price has dropped from $20,000 to less than $7,000 - that is a whopping 65% decline. Right now, the dumb money seems to be leaving. When people are scarred this badly, they won't come back into Bitcoin that quickly. So, the tripling of Bitcoin's price to $20,000 in the next 8 months seems to be very optimistic.
On the other hand I think that in the case of uptrend, people will forget about the downtrend very fast. in my mind this is not so far-fetched.
It is clear that the Bull market will not return so fast but after a period of relative stability e will enter a new bull cycle.
March 30, 2018, 10:19:34 AM
It is not a 40 percent recession. Bitcoin's price has dropped from $20,000 to less than $7,000 - that is a whopping 65% decline. Right now, the dumb money seems to be leaving. When people are scarred this badly, they won't come back into Bitcoin that quickly. So, the tripling of Bitcoin's price to $20,000 in the next 8 months seems to be very optimistic.
March 30, 2018, 09:56:54 AM
Bitcoin is considered to be in a “purgatory” period, as research conducted by cryptocurrency advisor Fundstrat shows. It also maintains a year-end target of $20,000 for Bitcoin. The best option we have in the wake of this 40 percent recession is to patiently wait, Tomas Lee reports.
“The overhang from regulatory risk is generally keeping investors sidelined. However, we see positive catalysts for Bitcoin later in 2018, including the clarification of regulatory hurdles," - Fundstrat analysts including Robert Sluymer wrote in the note
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/experts-predict-bitcoin-price-will-go-up/
“The overhang from regulatory risk is generally keeping investors sidelined. However, we see positive catalysts for Bitcoin later in 2018, including the clarification of regulatory hurdles," - Fundstrat analysts including Robert Sluymer wrote in the note
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/experts-predict-bitcoin-price-will-go-up/
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