Topic: Bitcoin market doesn't fall, is it growing steadily!? (thoughts and analysis) - page 3. (Read 478 times)

11 month bottom of $5,800 is holding well
3 month bottom of $6100 is holding well
its been tested multiple times and held.
the majority of coin movements in the 11 months have gained a individual value above it,
mining costs are currently above it.

but its too soon to move the milestone above $5,800 as the retests and mining cost threshold and majority holding coins that they didnt hold 1day-11 months ago is fresh

its normally best to wait 3-4 retests of a bottom. where its an obvious retest and not just normal daily/weekly waves
but with that said.. the underlying baseline value is healthier then previous years. and there is nothing wrong with a bit of speculation ontop (current mid $6k prices), its just too early to call anything in the $6k range as a baseline. as not enough coins have shifted hands to give a majority value in the $6k range,

but still
2016 above $300
2017 above $900
2018 above $5800

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?