Topic: Bitcoin market doesn't fall, is it growing steadily!? (thoughts and analysis) (Read 493 times)

Maybe it will, maybe not. Now no one can't say anything. Perhaps if price has had an impact on people in the past year and believe that it will happen again this year, we can see it again. But, it'll be just a psychological increase.

I will try to add good content to forum!!! Please don't judge too hard  



3 months left until the end of the year and Bitcoin hasn't overcome a mark even in 10,000, not to mention a record in 20,000 in December of last year, so let's remember various "predictions" of Bitcoin's rate from analysts this year.

Here the most known of them:
- Pantera Capital: $20,000 ? 2018;
 - Thomas Li: $22,000 in 2018;
 - Max Kayser: $28,000 by the end of 2018;
 - Alistair Milne: $35,000– $60,000;
 - Anthony Pombriano: $50,000 in 2018;
 - John Pfeffer: $75,000 by the end of 2018;
 - Kay Van-Petersen: $100,000 by the end of 2018.

And now we watch at a current rate ~ $6572,86 – It’s far from figures above.
Though 3 months, certainly, a big term for the young market of cryptocurrencies, during this time here a lot of things can occur, considering extremely high volatility. But we must not to live alone hope for rapid growth, it is necessary to look at longer distances. But it is necessary to look at longer distances. We will return on a year ago and we will look at the figures.
On September 28, 2017 - a rate of Bitcoin was $4150 but now the rate of the main cryptocurrency is $6572,86.

Actually, in a year from September 2017 on the present day, the Bitcoin has risen on ~ 60%, and for the last 2 years more than 10 times.
Game of statistics, but the fact remains, for the year of +60%, you won't argue!!!

If not to equal constantly on December rapid growth up to 800 billion capitalizations and to look at the market in general, then at a bigger scale we see market growth.
But to most of people only rapid growth and a fast depreciation was remembered.
It is possible to tell that the industry wasn't ready last year to such explosive growth of capitalization.
So simply says - all spheres matures.
People began to think more not of speculation in the market, they began to think of more important things, such as the construction of infrastructure for institutional investors, safety strengthening, use of a blockchain and cryptocurrencies in daily tasks, creating favorable conditions for blockchain startups and etc.
 
Whether the firm base for new records of capitalization is ready now?  

Market having hard time coping up with crypto prices for past few weeks so it safe to say that bitcoin is making great job about it. Price speculations only makes a market unstable because of these experts putting up numbers doesn't even add up for reality nature of crypto currency, which is volatility. Let's just help bitcoin and supports its ideology and attracts more investors to it to steadily stabilizes the market for a long run.

It is quite unfortunate that bitcoin has not peak this year just as it did the previous years. There are issues with projections, sometimes predictions don't come true as planned, many crypto enthusiasts like myself are not happy with the state of affairs. But I still have confidence that there are better days ahead for bitcoin before the year ends.

I agree, at the moment Bitcoin is too young for its full use in business or global investment. The price often changes, as does the opinion of people about it. Now it shows stability, but what will happen next no one can predict.