Bitcoin back to $10k soon according to Bloomberg? - page 7.

ene1980

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Quote from: cheezcarls on December 06, 2019, 12:08:49 AM

Everyone can predict or claim that Bitcoin and other cryptocurrencies can go or high or low to $X,XXX or so.
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.

Anyone can predict anything they want and the market is not fine tuned to move according to any prediction, it looks like a paper research that they needed to see and not the price that the market could be. The funny aspect here is there is no time limit for soon and everyone knows that the price will move to $10k but have no clue when.

Quote from: cheezcarls on December 06, 2019, 12:08:49 AM

Most of the predictions aren't accurate or correct at all. The cryptocurrency market is so unpredictable, that's the truth. We may not know exactly the day Bitcoin and other cryptocurrencies would pump or dump. It may happen in just a minute or a few minutes, an hour from now, few hours later, tomorrow, next week or so.

None of the prediction will work and if you make a prediction that the price will go up and down and does not give a time limit, everyone can come up with a prediction like that because the market will go in either direction and even kinder garden kids can predict these market movements, all we can do is speculate that the market will move higher and hopefully the market moves according to our wish.

znation

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Perhaps they correctly predicted this growth, the market will return to the price of $ 10,000, but the prediction may be wrong at the time it depends on the demand of buying and selling in the market and how to pump prices, they Believe it is true and wait for the time they say.

Slow death

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no offense, but saying "soon reached $10,000" is something anyone can say, I looked at their report here:

https://data.bloomberglp.com/professional/sites/10/Bloomberg-Crypto-Outlook-Dec-2019.pdf

predict that the price could reach $10,000 next year is something that anyone can get right, I believe if some bet site bet if the price may or may not reach $ 10,000 next year all people would get it right and the site would go bankrupt. The arguments used in the report also bring nothing new. I would say they are looking for protagonism.

vintages

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Bitcoin price prediction will always be rampant but no-one can ever give an exact price tag or when it will happen.
Somehow, it kinda sad and good at the same time.
It's sad because many investors would love to know when the price will increase and the exact price for good investment. Also its a good thing because unpredictable price means less manipulation from the the whales.
I have learn to become less curious of the price cause I look at the future price and not now.

AniviaBtc

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Quote from: YOSHIE on December 06, 2019, 02:23:22 AM

Quote from: cheezcarls on December 06, 2019, 12:08:49 AM

Everyone can predict or claim that Bitcoin and other cryptocurrencies can go or high or low to $X,XXX or so.

Almost everyone in the world says the same thing, users of Bitcoin.
In 2019, it is not bad to predict the price of bitcoin if it is valued at a mid-year price of $ 4,000, it has now risen to the present level of $ 7,500, I think it's a very positive thing to invest in 2019 if you do in the middle of 2019.

For 2020 there are at least hundreds of predictions that appear in the media. Many say that bitcoin can penetrate beyond the level of $ 10,000, that's very certain and will happen, given that and seeing that bitcoin demand and fans are increasing year by year, I really believe this will happen, like people say it's just a matter of time, just wait.

Bitcoin still needs a lot of time to recover or go beyond its peak. Year 2018 really won the highest range of $10,000 and holders are looking forward for it yo happen again. As what you've said it increases year by year but, also consider that not every year is a positive year for btc.

In reality, there is a downward movement in the chart. Market is very volatile and unstable. But as a bitcoin fan, we also look forward for the bitcoin to become high again, 8 to 10 years from now. Always observe the chart for the predictions because nothing is sure in cryptocurrency but you need to be patient and discipline for you to be ready when the bitcoin becomes the star again.

YOSHIE

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Quote from: cheezcarls on December 06, 2019, 12:08:49 AM

Everyone can predict or claim that Bitcoin and other cryptocurrencies can go or high or low to $X,XXX or so.

Almost everyone in the world says the same thing, users of Bitcoin.
In 2019, it is not bad to predict the price of bitcoin if it is valued at a mid-year price of $ 4,000, it has now risen to the present level of $ 7,500, I think it's a very positive thing to invest in 2019 if you do in the middle of 2019.

For 2020 there are at least hundreds of predictions that appear in the media. Many say that bitcoin can penetrate beyond the level of $ 10,000, that's very certain and will happen, given that and seeing that bitcoin demand and fans are increasing year by year, I really believe this will happen, like people say it's just a matter of time, just wait.

batang_bitcoin

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This is what I fear. When the media gets interested and starts giving positive idea about bitcoin, you should do the opposite thing. I don't know what's inside their research paper but they really are following the market, bear or bull.
I'm thinking about the effect of what CNBC did last time, whenever they broadcast bitcoin to skyrocket, the other way happens.

Sadlife

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Bitcoin needs to overcome the $7,900 level before we can actually say that its going back to $10,000 right now we can't say for certain if its going to get back up. Especially when you see optimism in the market it often leads to a major crash. Right now an imminent break out may come either to the downside or the upside.

bitcampaign

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many speculations think their analysis is correct, even though so far I have not seen any charts that are truly perfect, I think if they read only from a chart whether the attitude of traders who determine market prices has a lot of time to make prices and look at charts, I think not only is the whale behaving like that, others are optimistic about following the trend, I believe if the price of bitcoin will touch back $ 10000 in the near future

btc78

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obviously Bloomberg is making ways to have positive approach since bitcoin is continuously losing its momentum.
day after day price keeps falling though it is almost unnoticeable as smaller portion is being fulled daily yet this is a disadvantage .

but hopefully it will happen soon before halving because december is coming yet there is no good indication of growing prices.

senin

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In any case, Bitcoin should return to the price of $ 10,000. This is not a problem for him. He has already overcome this price mark many times. Even this year, in the second quarter, it quadrupled in price, reaching $ 13,500, which was also nothing new to him. It will not even be surprising if it rises again next year to a price close to $ 20,000.

CryptoBry

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Quote from: cheezcarls on December 06, 2019, 12:08:49 AM

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. We may not know exactly the day Bitcoin and other cryptocurrencies would pump or dump. It may happen in just a minute or a few minutes, an hour from now, few hours later, tomorrow, next week or so. It's okay to have a positive outlook, but we have to face the reality. But let's just hope for the best though.

Just another good prediction of what can happen with Bitcoin soon but makes this really different is that the one making the prediction is Bloomberg which is more credible compared with many known personalities who already spewed their opinions and ideas as to where Bitcoin is going. We know those personalities are and there is no need to mention here. So the question is: Should we listen and listen just because it is Bloomberg who said so? Well, that all depends on the person reading it. As for me, I believe that Bloomberg can be carrying a weight but still it is the market that will determine the fate of Bitcoin in the next few months.

Oasisman

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Well, I hope everyone is aware of the "main" purpose of these predictions is to to change the market sentiments. Positive news/predictions can influence the retail investors and traders, so does the negative news.
These predictors doesn't really know how would the market will behave in the next hours, days, or months. They are only supporting their claims with some convincing TA's and market movement analysis to make it more believable. Neverthless, only the investors attitude could make the price move in both directions.

CaVO32

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you are very right, they can predict all they want but sometimes the reality is different. but of course, we all want to have increasing trend especially in bitcoin.
most of the studies or research can't exactly give the numbers but such price level actually is very feasible to happen. $10k is very achievable, we can even get that level within 24 hrs or so. this is the drawback in crypto, the price volatility is very high.

cheezcarls

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A recently released research paper from Bloomberg has painted a positive picture for Bitcoin heading into 2020. The key takeaways being that the major cryptocurrency should top $10,000 soon and that it will also follow a similar path to gold — which is in an upward trend, currently.

Bloomberg’s Bitcoin outlook for next year has highlighted adoption, a falling supply, and Tether’s influence on the market — all as positives for the price going ahead. More so, with only a few weeks to go, the prediction is that, if Bitcoin closes 2019 at $6,500, “support tilts favorably for 2020.”

Read the full news here

Everyone can predict or claim that Bitcoin and other cryptocurrencies can go or high or low to $X,XXX or so.

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. We may not know exactly the day Bitcoin and other cryptocurrencies would pump or dump. It may happen in just a minute or a few minutes, an hour from now, few hours later, tomorrow, next week or so.

It's okay to have a positive outlook, but we have to face the reality. But let's just hope for the best though.

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