Topic: Bitcoin back to $10k soon according to Bloomberg? - page 4. (Read 1952 times)
$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.
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.
Those were weak hand investors who can't hold for too long and usually driven by their emotions to sell when they saw the market is bleeding. Those were the butthurt who can't control their emotions that keeps on blaming the market because it doesn't go the way they want it to be. "The uncertain investors" that is probably don't understand the situation of the market. 
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.
Every prediction in this market makes no sense. No one really knows how the price of BTC will fluctuate in the future, I still remember that Binance's CZ CEO said that those who sold BTC below $ 10,000 would regret it. And now the price of BTC is only $ 7000 and in danger of going lower, no one can predict the price exactly, can only accurately predict the trend of the market
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.
This year 2019 is going to end soon and we will move forward to year 2020, and I couldn't figure our more possible increase that could move upward until $12k. Holding an asset is the most important decision to make right now, selling is a bad idea because that might put you more regrets. We can't handle stressful situations when you see market starts to increase at good price, that's why choose to decide the best options that you can do to sustain.
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.
Well, I think of it either. But the real deal is that how come it would happened in reality, eh? Well, it is possible though but I don't have any reference to support my claim besides into 2020 halving, in which my claim is half-real to happened. But come on, man. We all know that we can claim silly predictions, and we are just trying to be positive.
Honestly back in the day when I used to trade stocks I would read all these Bloomberg articles and basically they will be correct half the time and incorrect the other half. Right now we are basically in a bear market and have been for a while, it seems that every rally is getting shorted and most likely we will see the low $6k's very soon.
I remember doing the same before I created my own strategy to trade the markets and that is when I discovered that most of those people that appear on TV telling you what to buy and what to sell are not really traders themselves and instead just dedicate themselves to sell books about systems that they do not trade or they sell advice that of course they do not follow, when you realize that you see that most of those financial news are either fake or a way to deceive themselves of the realities of the market.We must accept that predicting the market in a very precise way is impossible, however that doesn't mean that you cannot get profits out of it, you just need to figure out how to do that.
Tether name was also highlighted within it.
Looks like they really know what they are saying.
It is all because of Tether which is why bitcoin is having a difficult time to increase its value in the market.
Thanks to Tether traders and whales could easily come and go without much of a risk.
They will only think about the movement of bitcoin unlike before which needs to be traded with an altcoin and they are also volatile. Double the risk.
We might stay at this price until the end of the year but there is the word "might". It is not accurate.
Looks like they really know what they are saying.
It is all because of Tether which is why bitcoin is having a difficult time to increase its value in the market.
Thanks to Tether traders and whales could easily come and go without much of a risk.
They will only think about the movement of bitcoin unlike before which needs to be traded with an altcoin and they are also volatile. Double the risk.
We might stay at this price until the end of the year but there is the word "might". It is not accurate.
Everyone can predict or claim that Bitcoin and other cryptocurrencies can go or high or low to $X,XXX or so.
Correct, everyone can do it but that doesn't mean they have to go in public. They are a big company about financial industry and some people have large amounts of trust with them.
Somehow, they can make a hype about it unlike normal speculators like us.
Now Bloomberg claims that in their research paper, they think that Bitcoin would really pump back to $10k soon. Of course, they can predict all they want. But let's face it.
Most of the predictions aren't accurate or correct at all. The cryptocurrency market is so unpredictable, that's the truth.
Yeah, let us say they made a deep analysis about it but as you said, no one can really accurately predict where bitcoin will go.
This is just another basis but should not be taken seriously.
Bitcoin to reach 10K is easy and can happen in a short time because bitcoin can reverse the situation suddenly, and can also decrease dramatically.
and bloomberg or whatever predicts bitcoin is not necessarily true, but all predictions of a rise in bitcoin will motivate and be optimistic that bitcoin will always give a good return in the near future or a long time depending on their patience and trust in bitcoin, the best choice now is to hold it and let bitcoin move as it is.
and bloomberg or whatever predicts bitcoin is not necessarily true, but all predictions of a rise in bitcoin will motivate and be optimistic that bitcoin will always give a good return in the near future or a long time depending on their patience and trust in bitcoin, the best choice now is to hold it and let bitcoin move as it is.
According to the publication, it is likely that it can do so, raising to $ 10k can influence some external aspects, many do not take into account the volume of the Darkweb, which, in December the demand increases, and as the demand increases the price of Bitcoin rises. In December 2018, the demand for DeepWeb increased considerably, and was reflected in the price.
Anyway I leave this page that is the one that best handles the volumes by Exchange, where you can see the variations in years, where "Others" are included other forms of exchanges:
Source: https://data.bitcoinity.org/markets/volume/all?c=e&t=b
Anyway I leave this page that is the one that best handles the volumes by Exchange, where you can see the variations in years, where "Others" are included other forms of exchanges:
Source: https://data.bitcoinity.org/markets/volume/all?c=e&t=b
Bitcoin pump $10K this year, I mean over $10K in just a short period of time, so it's not impossible even with the few remaining days this year, we could close this year at $10K which is already a major improvement compared to $3400 at the start of the year.
Sometimes this kind of research could be useless as the other way around would happen due to this market has never been stable and easy to predict, due to manipulation the market now is very unpredictable and it could have been nice if the market is bullish right now, unfortunately it's not.
Sometimes this kind of research could be useless as the other way around would happen due to this market has never been stable and easy to predict, due to manipulation the market now is very unpredictable and it could have been nice if the market is bullish right now, unfortunately it's not.
That rise can happen in day or two, and chances are high that bitcoin will reach 10k before new year, or little after. It's impossible to be sure in anything with bitcoin price, but we can hope for the best. It's inevitable, for me its just a question of time when we will see bitcoin at 10k again, I didn't need bloomberg to tell me that. This is a great opportunity for buying bitcoin, most of the people here talk about that for some time. Its on people to use this opportunity or not.
I don't see that coming in such a hurry. It is too over-optimistic to think that the price will reach to the 10K before the new year. The market analysists are used to give their opinion but I have never seen them predicting the right price. So Bloomberg or whatever it maybe it is of no use.
Bitcoin pump $10K this year, I mean over $10K in just a short period of time, so it's not impossible even with the few remaining days this year, we could close this year at $10K which is already a major improvement compared to $3400 at the start of the year.
Sometimes this kind of research could be useless as the other way around would happen due to this market has never been stable and easy to predict, due to manipulation the market now is very unpredictable and it could have been nice if the market is bullish right now, unfortunately it's not.
Sometimes this kind of research could be useless as the other way around would happen due to this market has never been stable and easy to predict, due to manipulation the market now is very unpredictable and it could have been nice if the market is bullish right now, unfortunately it's not.
That rise can happen in day or two, and chances are high that bitcoin will reach 10k before new year, or little after. It's impossible to be sure in anything with bitcoin price, but we can hope for the best. It's inevitable, for me its just a question of time when we will see bitcoin at 10k again, I didn't need bloomberg to tell me that. This is a great opportunity for buying bitcoin, most of the people here talk about that for some time. Its on people to use this opportunity or not.
Bitcoin pump $10K this year, I mean over $10K in just a short period of time, so it's not impossible even with the few remaining days this year, we could close this year at $10K which is already a major improvement compared to $3400 at the start of the year.
Sometimes this kind of research could be useless as the other way around would happen due to this market has never been stable and easy to predict, due to manipulation the market now is very unpredictable and it could have been nice if the market is bullish right now, unfortunately it's not.
Sometimes this kind of research could be useless as the other way around would happen due to this market has never been stable and easy to predict, due to manipulation the market now is very unpredictable and it could have been nice if the market is bullish right now, unfortunately it's not.
I think every crypto guy must be agree with this forecast 
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.
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.
The report itself is worth reading. The article really doesn't do it justice. I found their analysis of Tether particularly interesting.
Their analysts believe there is a causal connection between Tether's market size and Bitcoin's price. They believe Tether's increasing use as a currency reinforces Bitcoin as a gold-like standard while eroding the value of altcoins:
Their analysts believe there is a causal connection between Tether's market size and Bitcoin's price. They believe Tether's increasing use as a currency reinforces Bitcoin as a gold-like standard while eroding the value of altcoins:
Quote
The mass adoption of the Tether stable coin has negative ramifications for most crypto assets masquerading as currencies, and positive implications for a solitary digital equivalent of gold -- Bitcoin.
Honestly back in the day when I used to trade stocks I would read all these Bloomberg articles and basically they will be correct half the time and incorrect the other half. Right now we are basically in a bear market and have been for a while, it seems that every rally is getting shorted and most likely we will see the low $6k's very soon.
I am guessing that anywhere in the $5500-$6500 is very strong support since it would be the support of the 2017 year however keep in mind that if too many people are expecting $6K to hold again, most likely it won't. Or what will happen is that price will come close to the $6K's like it did last month and rally from there and we might never see a newer low again.
The best time to buy would be like in early 2018 when we consolidated for months and there was little volume. We should see this again and buy if we get another $1000 day like we did back in April 2018.
Right now its basically a guess where the price will go in 2020.
I am guessing that anywhere in the $5500-$6500 is very strong support since it would be the support of the 2017 year however keep in mind that if too many people are expecting $6K to hold again, most likely it won't. Or what will happen is that price will come close to the $6K's like it did last month and rally from there and we might never see a newer low again.
The best time to buy would be like in early 2018 when we consolidated for months and there was little volume. We should see this again and buy if we get another $1000 day like we did back in April 2018.
Right now its basically a guess where the price will go in 2020.
Don't fall for these predictions. These people are usually too bullish or too bearish and by these people I mean most big portals lead by CNBC. CNBC used to say that we're going to go to 25 thousand when we were falling down from the peak of 20.
It's the same attitude shown by bloomberg now as they were presenting earlier this year when they were calling Bitcoin a bubble that popped https://www.bloomberg.com/opinion/articles/2018-12-11/yep-bitcoin-was-a-bubble-and-it-popped
Now they are bullish again. What a joke.
Despite the credentials of all of those people that call themselves experts they do not really know more about this market than we do, they do not know how the market is going to move in the future, if they actually had that information then you can be sure that they will never share it to publish an article and they will use it to trade the markets and earn a huge fortune in a short amount of time.It's the same attitude shown by bloomberg now as they were presenting earlier this year when they were calling Bitcoin a bubble that popped https://www.bloomberg.com/opinion/articles/2018-12-11/yep-bitcoin-was-a-bubble-and-it-popped
Now they are bullish again. What a joke.
And since that is not what we see then it is obvious that they are publishing those articles just to try to get the attention of anyone that could be interested in reading about cryptocurrencies.
It is quite possible that Bitcoin can reach up to $10,000 this year, or next year.
I'm expecting the price to increase a bit and after the halving, the price will start going up until it reaches another ATH price. And yes there is never a prediction that is 100% accurate, most of the predictions we see in the crypto space are usually not accurate, but this is kind of a normal thing that happens in the crypto market, before the halving and after the halving there is usually an increase. So I believe that the same things that happened before are going to be repeated at this time.
I'm expecting the price to increase a bit and after the halving, the price will start going up until it reaches another ATH price. And yes there is never a prediction that is 100% accurate, most of the predictions we see in the crypto space are usually not accurate, but this is kind of a normal thing that happens in the crypto market, before the halving and after the halving there is usually an increase. So I believe that the same things that happened before are going to be repeated at this time.
Speculating that the price of $ 10,000 will be easy to achieve but after 2020 whatever happens after halving I am sure there will be a good improvement, but I expect to reach ATH it will be difficult because market conditions are not as it used to be, I only target after halving in a few months in the future bitcoin can reach $ 15,000 maybe it will be the highest achievement, many say 2021 is all coin season and altcoin will rise again.
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