Bitcoin back to $10k soon according to Bloomberg? - page 3.

Smitty Werben Man Jensen

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Quote from: okala on December 25, 2019, 04:31:47 AM

Quote from: pakhitheboss on December 06, 2019, 05:33:52 AM

Almost all studies or research which is related to Bitcoin price speculation have failed miserably. The cryptocurrency market is highly volatile and small technical analysis does not work here. I have heard so many of these research that I have stopped looking into them. Whatever they have analyzed I know will eventually happen. When it will happen? is the question.

I sincerely agree with you on bitcoin because of the volatile nature many people has lose money. I have decided not to follow propagation on bitcoin but buying and keep faith for it to appreciate and sell. Bitcoin will ever cross above $10,000 but what makes you money is buying at the right time and sell at the right time.

prediction like that many appear when the market is bearish, yes that's good,
but the prediction is just prediction not all predictions are right on target, you can follow your heart

kro55

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Quote from: okala on December 25, 2019, 04:31:47 AM

Quote from: pakhitheboss on December 06, 2019, 05:33:52 AM

Almost all studies or research which is related to Bitcoin price speculation have failed miserably. The cryptocurrency market is highly volatile and small technical analysis does not work here. I have heard so many of these research that I have stopped looking into them. Whatever they have analyzed I know will eventually happen. When it will happen? is the question.

I sincerely agree with you on bitcoin because of the volatile nature many people has lose money. I have decided not to follow propagation on bitcoin but buying and keep faith for it to appreciate and sell. Bitcoin will ever cross above $10,000 but what makes you money is buying at the right time and sell at the right time.

Bitcoin will surely pass 10,000$ but no one can tell the exact date. If we look back on year 2019 we will see bitcoin moving in both directions. What bloomberg is predicting is analysis based on equity trading and I don't think technical analysis of equity trading work with bitcoin.

okala

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Quote from: pakhitheboss on December 06, 2019, 05:33:52 AM

Almost all studies or research which is related to Bitcoin price speculation have failed miserably. The cryptocurrency market is highly volatile and small technical analysis does not work here. I have heard so many of these research that I have stopped looking into them. Whatever they have analyzed I know will eventually happen. When it will happen? is the question.

I sincerely agree with you on bitcoin because of the volatile nature many people has lose money. I have decided not to follow propagation on bitcoin but buying and keep faith for it to appreciate and sell. Bitcoin will ever cross above $10,000 but what makes you money is buying at the right time and sell at the right time.

Wexlike

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Quote from: wxa7115 on December 23, 2019, 03:25:05 PM

And I think that most likely what we are going to see is the price not moving much before and after the halving and this could be disappointing for all of those expecting big gains.

Uhhh I think you might be very wrong about that. I do expect some fireworks for next year.

wxa7115

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Quote from: yulionoo on December 20, 2019, 01:43:27 AM

You are right op no one knows for sure what the price of bitcoin is in the future. we can only speculate. our speculations can be right or wrong. and I think that by the end of this year bitcoin won't be able to reach $ 10,000. because at the end of the year some people choose to sell some of their bitcoin to celebrate Christmas and holidays. I predict bitcoin will start to increase next year after bitcoin is reduced by half in May.

That is a very common prediction but I do not think it is going to become true, everyone is expecting for the market to recover and to give good gains when the halving finally comes and to me that is kind of problematic because markets have to be unpredictable because if they were predictable then in theory everyone will make money out of it and we know that is impossible, so the fact that everyone is predicting a price increase at that time worries me.

And I think that most likely what we are going to see is the price not moving much before and after the halving and this could be disappointing for all of those expecting big gains.

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Quote from: EdenHazard on December 20, 2019, 02:50:24 AM

The problem is that people too easy to dragged in by just the sensitive news , hard to hold together at certain point, people easily sell the coins in panic once the market fall.

It looks like noone committed to bitcoin as a long term investment

As people leaving bitcoin when the price down drastically and coming when the price in bull run.
Typical impatience hodler ...
$10k reasonable for the upcoming hardfork at least I can expect it in the next few months

Indeed, I completely agree with your opinion and in my opinion the current state of the market can really be called panic, because all cryptocurrency users are subject to panic due to negative news, as well as because of information that is alarming and because of which there are thoughts about prolonged decline in cryptocurrency prices. Thus, today, news about the sale of large volumes of Bitcoin and the preparation for the sale of a large volume of Ethereum from wallets, which has been frozen for a very long time, have a very strong influence on cryptocurrency users. For example, Whale Alert's Twitter account information announced a transaction of 789,525 ETH from the wallet associated with the PlusToken cryptocurrency pyramid. There is an assumption that one of the big whales will sell cryptocurrency and because of this, in any case, the cryptocurrency market will collapse. I hope that the situation will have the opposite effect, as soon as cryptocurrency users are convinced of the reliability of their cryptocurrency investments.

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Quote from: Desscount on December 16, 2019, 04:58:24 PM

Quote from: blckhawk on December 15, 2019, 10:16:25 AM

$10k is a much better speculation than all those saying it would hit $100k. While it's true to sme extent that no one could predict Bitcoin's price, factoring in some happenings such as the halving, the smaller supply and some news regarding adoption, $10k is quite possible and attainable, also to note that the price is volatile that it can happen within a day.

after $ 10k is reached, talking about $ 20k, $ 50k and even $ 100k will not matter, but now the price of bitcoin is still plunging into a dangerous zone, I'm not very good at predicting prices but we have to hold above $ 6500 to reach the highest price again

The problem is that people too easy to dragged in by just the sensitive news , hard to hold together at certain point, people easily sell the coins in panic once the market fall.

It looks like noone committed to bitcoin as a long term investment

As people leaving bitcoin when the price down drastically and coming when the price in bull run.
Typical impatience hodler ...
$10k reasonable for the upcoming hardfork at least I can expect it in the next few months

yulionoo

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You are right op no one knows for sure what the price of bitcoin is in the future. we can only speculate. our speculations can be right or wrong. and I think that by the end of this year bitcoin won't be able to reach $ 10,000. because at the end of the year some people choose to sell some of their bitcoin to celebrate Christmas and holidays. I predict bitcoin will start to increase next year after bitcoin is reduced by half in May.

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Quote from: Desscount on December 16, 2019, 04:58:24 PM

Quote from: blckhawk on December 15, 2019, 10:16:25 AM

$10k is a much better speculation than all those saying it would hit $100k. While it's true to sme extent that no one could predict Bitcoin's price, factoring in some happenings such as the halving, the smaller supply and some news regarding adoption, $10k is quite possible and attainable, also to note that the price is volatile that it can happen within a day.

after $ 10k is reached, talking about $ 20k, $ 50k and even $ 100k will not matter, but now the price of bitcoin is still plunging into a dangerous zone, I'm not very good at predicting prices but we have to hold above $ 6500 to reach the highest price again

The value really moving in the fast pace, investors needs to follow what they've thik is better for their investment. Any news should be well analyze in order to make a better assessment and good decision making for the benefits of their assets.
Predictions or opinions of others doesn't count it's your judgment that matters while you are inside from this market.

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Quote from: Zemomtum on December 18, 2019, 06:44:52 PM

All are just speculations. Nobody can predict the future correctly. Besides, I cannot see Bitcoin going back to $10,000 before the end of this year

I'll predict the future. Bitcoin won't be $10,000 ever again.

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All are just speculations. Nobody can predict the future correctly. Besides, I cannot see Bitcoin going back to $10,000 before the end of this year

wxa7115

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Quote from: longyenthanh on December 15, 2019, 09:40:35 AM

Can't say about 10k $ but it looks like bitcoin soon going to be $6k. Bloomberg has given at least a realistic price of bitcoin for 2020 which is very much attainable. If bitcoin gets support at $7k or $6k then it's very much likely that in next bull run bitcoin may cross $10k. Let's hope bloomberg prediction become true.

The market is in a state in which it is really difficult to predict what it will do, the volatility that we have been witnessing during the last days is something that happens from time to time to bitcoin but we cannot draw any kind of conclusions out of it because the volatility is so extreme that it doesn't allow for any kind of meaningful prediction.

And that is a huge problem, how are you going to take a decision about what to do in the market when you have no idea what it is going to do? It seems possible that at some point we could reach a price of 6000 but it is also entirely possible that the very next day bitcoin will recover all the ground it lost.

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Quote from: Desscount on December 16, 2019, 04:58:24 PM

Quote from: blckhawk on December 15, 2019, 10:16:25 AM

$10k is a much better speculation than all those saying it would hit $100k. While it's true to sme extent that no one could predict Bitcoin's price, factoring in some happenings such as the halving, the smaller supply and some news regarding adoption, $10k is quite possible and attainable, also to note that the price is volatile that it can happen within a day.

after $ 10k is reached, talking about $ 20k, $ 50k and even $ 100k will not matter, but now the price of bitcoin is still plunging into a dangerous zone, I'm not very good at predicting prices but we have to hold above $ 6500 to reach the highest price again

The market change happens in no time. Until the market drops low to $5000 there seems to have more room for much higher growth. Market always tends to be a complicated math to predict the market scenario. Even now I believe the market reaching new ath could happen close to halving. I believe in this purely upon the growth from which the market took a forward move during the previous bull trend was around $5500.

darkangel11

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Another great prediction by the mainstream media. It looks like Bloomberg and CNBC are fighting for the trophy of the worst Bitcoin speculation ever. I guess this still belongs to CNBC with their infamous streak in 2018.

Quote from: Arkann on December 17, 2019, 01:37:38 PM

Although I am very worried about this and would not like to see the same prices as they were at the end of last year. Many cryptocurrency users express their opinion about the fall in cryptocurrency prices today and explain this with the New Year holidays, because the fall in cryptocurrency prices is always recorded on holidays and in the holiday season.

You don't have to worry about that. The bottom is in and that period of the great bear market of 2018/19 is over. We will not go to 3k again and if you look at the big picture this fall looks quite healthy. It looks like a tightening wedge with 2018 bear market marking higher highs and lower lows and the end of 2019 coming in with lower highs and higher lows. Note that the low of 3k was above the point from where the bull market of 2017 begun and this is bullish. If this drop ends higher than 4k USD we'll have another bullish confirmation that long term we're going up.

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Quote from: Desscount on December 16, 2019, 04:58:24 PM

Quote from: blckhawk on December 15, 2019, 10:16:25 AM

$10k is a much better speculation than all those saying it would hit $100k. While it's true to sme extent that no one could predict Bitcoin's price, factoring in some happenings such as the halving, the smaller supply and some news regarding adoption, $10k is quite possible and attainable, also to note that the price is volatile that it can happen within a day.

after $ 10k is reached, talking about $ 20k, $ 50k and even $ 100k will not matter, but now the price of bitcoin is still plunging into a dangerous zone, I'm not very good at predicting prices but we have to hold above $ 6500 to reach the highest price again

You can predict any numbers, but I do not see any prerequisites for an active increase in the price of Bitcoin. The current trend of the cryptocurrency market is indicated in a completely different way and is similar to the period when the cryptocurrency market fell at the end of 2018. Although I am very worried about this and would not like to see the same prices as they were at the end of last year. Many cryptocurrency users express their opinion about the fall in cryptocurrency prices today and explain this with the New Year holidays, because the fall in cryptocurrency prices is always recorded on holidays and in the holiday season.

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Quote from: blckhawk on December 15, 2019, 10:16:25 AM

$10k is a much better speculation than all those saying it would hit $100k. While it's true to sme extent that no one could predict Bitcoin's price, factoring in some happenings such as the halving, the smaller supply and some news regarding adoption, $10k is quite possible and attainable, also to note that the price is volatile that it can happen within a day.

after $ 10k is reached, talking about $ 20k, $ 50k and even $ 100k will not matter, but now the price of bitcoin is still plunging into a dangerous zone, I'm not very good at predicting prices but we have to hold above $ 6500 to reach the highest price again

onrise

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Quote from: dirgayeah on December 10, 2019, 05:24:08 PM

I think every crypto guy must be agree with this forecast Grin

and some of them are hope more than $10k. all possibilities can happen. also due to USDT role as a stable coin and a currency, this can affect the bitcoin growth and trust to the mass. so let's see what happen to bitcoin price after halving.

People are waiting for the rise to happen as new year with 10k is like a good thing to start with and with btc presently at 7100$ also a good time to invest and buy more as rise from here is profits for investors to get some good gain in coming future .

kesmex

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Quote from: sovie on December 15, 2019, 06:11:31 AM

Bitcoin will surely go to 10k but no one can predict when that will happen. 2019 is about to end and this year maxima was 12000 $. Now is the time when investors start losing their heart and start selling their holdings in loss while genuine investors HODL or buy these coins at discounted price.

Bitcoin is still in the support zone, $ 7000, if it does not stay in that zone, this will be a dump again to the $ 6000 zone, whether $ 12,000 can be reached or not, it seems to me difficult

cotton ball

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Quote from: blckhawk on December 15, 2019, 10:16:25 AM

$10k is a much better speculation than all those saying it would hit $100k. While it's true to sme extent that no one could predict Bitcoin's price, factoring in some happenings such as the halving, the smaller supply and some news regarding adoption, $10k is quite possible and attainable, also to note that the price is volatile that it can happen within a day.

Return $10k maybe look not possible for bitcoin because right now have not good way where bitcoin and altcoin keep lower price, almost last month bitcoin always have lower price and not increase above $10k, many speculation talk bitcoin have higher price but in the reality bitcoin keep down and lower price.

joshy23

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Quote from: longyenthanh on December 15, 2019, 09:40:35 AM

Can't say about 10k $ but it looks like bitcoin soon going to be $6k. Bloomberg has given at least a realistic price of bitcoin for 2020 which is very much attainable. If bitcoin gets support at $7k or $6k then it's very much likely that in next bull run bitcoin may cross $10k. Let's hope bloomberg prediction become true.

It's best to hope and see if bitcoin will go to that direction, as there's still pressures that it might fall more before heading back to $10K. The market traders are all have their own speculations of what particular value bitcoin will proceed maybe bloomberg have that influenced to get more supports
and lift the value up again before the halving take place and build a strong barrier for another bull.

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