Bitcoin Looks Unlikely To Cross $10,000 Again This Year

watashi007

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Quote from: carlisle1 on September 05, 2018, 01:03:17 PM

I believe that $10,000 is the highest price bitcoin may have this year and the next

Look how the value grow and fluctuate,makes us think about the end,but its not instead this is the corrected price of market and we must realize that the $20,000 is a bubble year and will never happen again

I would agree with the subject and most likely btc would surpass the $10k mark within the year.
Definitely, due to the etf issue, I think this could impact the market value of btc and it will further increase soon.

dreico

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I agree with you this threshold in this year bitcoin will be difficult to achieve, the price of it is very hesitant

carlisle1

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I believe that $10,000 is the highest price bitcoin may have this year and the next

Look how the value grow and fluctuate,makes us think about the end,but its not instead this is the corrected price of market and we must realize that the $20,000 is a bubble year and will never happen again

Tokoyami

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Quote from: BitNaija on September 05, 2018, 10:41:30 AM

What is the real price of bitcoin? And what is the best price of bitcoin? I asked these questions because I strongly believe that at the present price, is highly inflated. At this current price, bitcoin has gone over 190,000% above its initial price.

For a commodity that its price has gone over 190,000% and yet we are expecting more increment, what is the real price and what is the best price?

For the past weeks, bitcoin is really building up momentum. Stability at $6,7000 and breaking the $7,000 resistance are signs of green market. $10,000 is a possibility now. Although we can't tell but there are signs.

BitNaija

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What is the real price of bitcoin? And what is the best price of bitcoin? I asked these questions because I strongly believe that at the present price, is highly inflated. At this current price, bitcoin has gone over 190,000% above its initial price.

For a commodity that its price has gone over 190,000% and yet we are expecting more increment, what is the real price and what is the best price?

Bessta

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I am always positive that bitcoin will reach more than $10000 in the 4th quarter. Yes the festivities would trigger the rise. A lot of people would invest this last quarter. The momentum that we are waiting is the long christmas celebration, period when people have extra money to spend or invest.

Olalomi

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There was too much expectations on bitcoin this year judging by last year climax while the price kept dragging and slow I am optimistic bitcoin can spring out surprise any time in this Q4 within a twinkle of an eye the price can pump and reach $10K that is how the price Action of bitcoin hope should not be lost.

yousbabtle

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I do not believe it looks unlikely. I mean depends on what you mean by unlikely. Unlikely means bigger chance than
not, which could be %51 of not getting to 10k again or %99 chance of not going over to 10k levels. Which one would
you mean. If you mean %51 chance of not reaching to 10k , I definetly agree.

10K seems like a big enough limit that reaching that would mean the world for us and it would help us gather what we used to have with all this cost avarage dropping. However if you mean there is barely any chance 10k happens than I disagree because this is bitcoin and anything can happen so 10k is possible but inprobable if you ask me.

dinoloverpete

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There's still a huge chunk of the year left with almost 4 months still to go. The price moving up less than 50% in 4 months is nothing in terms of bitcoin price movements. Although many think the market won't recover just yet (myself included) there is some hope of 10k this year. The last few weeks have been more positive so let's see if this is just another insignificance or if it's the start of better times to come.

Dr.Osh

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Quote from: bitbunnny on September 02, 2018, 12:59:52 PM

From the current position to reach 10000$ looks not very likely but everything is possible when it comes to Bitcoin.
We still have several months until the end of the year and currently we are in positive trend. There is also SEC decision that we are waiting and that in positive case could also contribute to price rise.
Anyway, there is still time and hope.

I don't know, even though that is not possible, I think approaching the price seems to be a very good thing for development in the coming year. well, we all hope that the price of bitcoin has a very high price at the end of the year.

The Sceptical Chymist

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Quote from: jjacob on August 25, 2018, 02:28:16 PM

The price definitely does not have any momentum and the optimism surrounding cryptocurrencies has waned. There are a lot of people who have invested during the bull run, who are sitting on losses. In a few months, they will lose patience and sell as well.

Very well said. The main thing is the lack of momentum. Right now I think the price is just oscillating, even though at $7200 it's not doing too badly. It's just that there's no direction or oomph to it at the moment.

As far as the optimism part, I'm not so sure about that but only because I haven't read much in the way of real sentiment lately, and I don't follow crypto news so much--pretty much only what I read on bitcointalk.

The people sitting on losses because of buying in the range of $8k-20k probably will sell if the price doesn't snap back soon, but I'm thinking a lot of those folks have already sold. Who knows, though. There's no way to know that.

nl247

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Quote from: bitbunnny on September 02, 2018, 12:59:52 PM

From the current position to reach 10000$ looks not very likely but everything is possible when it comes to Bitcoin.
We still have several months until the end of the year and currently we are in positive trend. There is also SEC decision that we are waiting and that in positive case could also contribute to price rise.
Anyway, there is still time and hope.

It sure does not look like it and the only way we might even try to attempt to reach that would be closing above 8k in at least a weekly time frame, which at that still does not guarantee anything though. Also for this year, it is hard to know what to expect and since all we can do is just look at the way market reacts at certain points and see how well we can utilize those points to our advantage.

Nothing is guaranteed before the end of this year, and we do not even know what the SEC impact would be like which honestly I am still of the opinion it won't really have much effect, but I guess with time we will all know, won't we?

bitbunnny

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From the current position to reach 10000$ looks not very likely but everything is possible when it comes to Bitcoin.
We still have several months until the end of the year and currently we are in positive trend. There is also SEC decision that we are waiting and that in positive case could also contribute to price rise.
Anyway, there is still time and hope.

TravelMug

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Hold on to your horses, we are in a green now and it might push through up to the end of the year so its likely that we can hit $10k at a minimum. Yes, we started this year very bearish, but we might see it end at the very least. Strong support @7K now, and it we can stretch this bullish run up @8k then I'm positive that we can see @10k very easy. And also this news will have a good effect on the ecosystem:

https://www.ccn.com/how-the-efforts-of-bakkt-could-lead-to-the-approval-of-the-first-bitcoin-etf/

So I wouldn't be surprised at all the 5 digits will just be around the corner at the end of the year.

Sebas.tian

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Quote from: renz0 on August 29, 2018, 07:11:46 PM

$10K at the end of the year is achievable. The month of August is about to end and a slight improvement in market prices has been observed. If it continuously runs this way, bitcoin value might even cross the $15K margin at the end of this year.

I'm on the more conservative estimate of its price; 10k$ by the end of this year. The problem with bitcoin reaching 15k$ is that newbie investors might get caught up again by the hype. If that happens, were are looking at another "December 2017"-- and that is very unhealthy if we are aiming for mass adoption.

boss1dg

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If we don't fall below $5700 again then i can see it will cross $10000 but if we drop below that level then it does mean we still did not see bottom .
However we need not to worry even if we are hodler because by 2020 there will be halving and by then we may see many changes in market so it will around 100k usd at that time .

Hatuferu

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Quote from: renz0 on August 29, 2018, 07:11:46 PM

$10K at the end of the year is achievable. The month of August is about to end and a slight improvement in market prices has been observed. If it continuously runs this way, bitcoin value might even cross the $15K margin at the end of this year.

I also think $10k is a very attainable price for this year.The price may be quite low at this current month but we have seen that it's starting to recover steadily.It may fall again this year but i know it will take a high peak before this year ends.

Nick Abimanyu

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Previously I had predicted, this year bitcoin would set its second best record in the fourth quarter of this year. But because of the existence of rejection a number of Bitcoin ETFs by the SEC it seems that what I have predicted will be contrary to reality.

Quote from: Coin-1 on August 22, 2018, 05:56:49 PM

Quote from: seje on August 22, 2018, 05:31:39 PM

As we detailed above, given the headwinds faced by both of these metrics over the month of August, we expect them to grow at a modest pace over coming months. As a result, we believe that the Bitcoin will very likely remain below $10,000 for the rest of the year.

I think $10K is a good price for this year. Currently Bitcoin costs about $6500, so BTC can grow up to +40% under favorable circumstances. I guess that if the SEC rejects the Bitcoin ETF this September, the BTC price will fall deeper than $6000. But their forecast will be correct in any case because Bitcoin will remain below $10K.

I really agree with your answer, but I don't think BTC will fall deeper than $ 6000, but most likely BTC will move between $ 6000 - $ 8000.

renz0

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$10K at the end of the year is achievable. The month of August is about to end and a slight improvement in market prices has been observed. If it continuously runs this way, bitcoin value might even cross the $15K margin at the end of this year.

jonaire99

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That's what I think also since the crypto market have been bearish for most of the time and its growth is still slow compared to last year. But it will still depend on some factors or developments in the crypto world that may happen in the remaining months of this year like the possibility of ETF approval by SEC in the later part of September. $10k is still attainable within the last quarter provided that there is a positive developments coming in that quarter.

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