Topic: Bitcoin Price To $36K in 2019 - Expert Research - page 3. (Read 359 times)
Next year is 2019 and we don't know what actually price of the bitcoin even they are expert research , observation and traders they don't know what true happen. Yed they have probability to happen that if most people buy bitcoin we will see that price or more than we expect..
These days crypto's are having a real tough time or I would say this year so far is not good for cryptos. Earlier this month we got news from UK where MPA's told treasures not to invest in bitcoin followed by harsh reviews from Dr.Doom (Economist in the USA) in a conference held in Los Angeles.
Even with negative thoughts and reviews this strong currency still hold faith in peoples mind because it has the power to change the things, the spirit has risen again 2 days back when "New research from Fundstrat Global Advisors places Bitcoin prices at $36,000 by the end of 2019, co-founder Tom Lee revealed on 10th of may."
Strategist Sam Doctor analyze the relationship of bitcoin mining cost and price and it has led the market research firm to predict the cryptocurrency’s range will fall between $20,000 and $64,000 by 2019 year end.
The calculations focused on Bitcoin Price to Mining Breakeven Cost Metric, known as P/BE, which Doctor says has “proven a reliable long-term support level.”
“We expect the mining economy to grow over the next several years, and project a BTC price of ~$36,000 by year end 2019 based on the historical average 1.8x P/BE multiple,” co-founder Tom Lee.
It's been also predicted by many strategists that the price of bitcoin will jump again to $20k by the end of 2018.
We are hoping for the best!
Even with negative thoughts and reviews this strong currency still hold faith in peoples mind because it has the power to change the things, the spirit has risen again 2 days back when "New research from Fundstrat Global Advisors places Bitcoin prices at $36,000 by the end of 2019, co-founder Tom Lee revealed on 10th of may."
Strategist Sam Doctor analyze the relationship of bitcoin mining cost and price and it has led the market research firm to predict the cryptocurrency’s range will fall between $20,000 and $64,000 by 2019 year end.
The calculations focused on Bitcoin Price to Mining Breakeven Cost Metric, known as P/BE, which Doctor says has “proven a reliable long-term support level.”
“We expect the mining economy to grow over the next several years, and project a BTC price of ~$36,000 by year end 2019 based on the historical average 1.8x P/BE multiple,” co-founder Tom Lee.
It's been also predicted by many strategists that the price of bitcoin will jump again to $20k by the end of 2018.
We are hoping for the best!
I'd say that it's probably a bit optimistic, but it's most likely not going to be too far from what is actually going to happen.
Bitcoin isn't going to have an ultra bullish year like last year in the year of 2018. 2018 is more likely going to be a year where the markets consolidate at lower levels and eventually find a bottom, where the support is sufficient to put us in position for the main recovery.
If that can happen within this year, then I don't see a reason why BTC can't recover to close to its previous all time high given the timeframe of by the end of 2019, though I'd say a price more than double the ATH would be unexpected for me.
I hope so too, so many new people who are interested in the world of crypto (bitcoin). but, in my opinion it is still too early to discuss the price in 2019 later. we the users, investors and markets, should focus first on the price in 2018 later, so the price at the end of the year will burst again as happened in 2017 ago. I'm sure the end of this year the price will pass through his new record.
I hope so as issued by the research result, but I don't know exactly what is researching method and limitation. I assume that some considerations have been carried out with certain parameters, just curious whether the popularity has been considered or not. Past histories of bitcoin, this name is not popular at all until 1-2 years recently specially on the end of 2017 as the amazing spike for price increasing of bitcoin. This increasing has attracted lot of big world-class people of entity to see bitcoin, moreover most of the countries has paid attention to crypto space until discussed during G-20 convention in last 2 months. By this popularity, more attention come into bitcoin then the price can't be considered as in the past. This is what I mean with the prediction of future bitcoin price relate with popularity, if popularity is high then the prediction should be not only historical data.
These days crypto's are having a real tough time or I would say this year so far is not good for cryptos. Earlier this month we got news from UK where MPA's told treasures not to invest in bitcoin followed by harsh reviews from Dr.Doom (Economist in the USA) in a conference held in Los Angeles.
Even with negative thoughts and reviews this strong currency still hold faith in peoples mind because it has the power to change the things, the spirit has risen again 2 days back when "New research from Fundstrat Global Advisors places Bitcoin prices at $36,000 by the end of 2019, co-founder Tom Lee revealed on 10th of may."
Strategist Sam Doctor analyze the relationship of bitcoin mining cost and price and it has led the market research firm to predict the cryptocurrency’s range will fall between $20,000 and $64,000 by 2019 year end.
The calculations focused on Bitcoin Price to Mining Breakeven Cost Metric, known as P/BE, which Doctor says has “proven a reliable long-term support level.”
“We expect the mining economy to grow over the next several years, and project a BTC price of ~$36,000 by year end 2019 based on the historical average 1.8x P/BE multiple,” co-founder Tom Lee.
It's been also predicted by many strategists that the price of bitcoin will jump again to $20k by the end of 2018.
We are hoping for the best!
Even with negative thoughts and reviews this strong currency still hold faith in peoples mind because it has the power to change the things, the spirit has risen again 2 days back when "New research from Fundstrat Global Advisors places Bitcoin prices at $36,000 by the end of 2019, co-founder Tom Lee revealed on 10th of may."
Strategist Sam Doctor analyze the relationship of bitcoin mining cost and price and it has led the market research firm to predict the cryptocurrency’s range will fall between $20,000 and $64,000 by 2019 year end.
The calculations focused on Bitcoin Price to Mining Breakeven Cost Metric, known as P/BE, which Doctor says has “proven a reliable long-term support level.”
“We expect the mining economy to grow over the next several years, and project a BTC price of ~$36,000 by year end 2019 based on the historical average 1.8x P/BE multiple,” co-founder Tom Lee.
It's been also predicted by many strategists that the price of bitcoin will jump again to $20k by the end of 2018.
We are hoping for the best!
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