Topic: Does bitcoin have the possibility of hitting $30K before the end of the year? - page 2. (Read 212 times)

But the market cap already grew exponentially the last year , which would mean a lot of money needs to flow back in. Not taking in account that a lot of people will sell when bitcoin reaches 20k again. It isn't impossible but i don't see it happening this year tbh.

Yes, personally, I do not even doubt it. If you look at the last year, the price of bitcoin has grown a great many times. I do not see anything that could prevent it from happening again. I think that even 30 thousand dollars is not the highest price that he can achieve. There are all chances to get 40 thousand, and maybe 50 or so.

Nobody can be certain for such market movements but what's for sure is that what happened in 2017 happened partly due to increased interest from people. The current situation has had many of those that entered at the top worried that the price might never rise again, plus a lot of selling pressure on top of current prices.

Usually everything happens not as waiting for everything, but on the contrary. I believe bitcoin will be much more than 30 000 dollars, maybe even this year, time will tell.

Sure thing that bitcoin has surpassed out expectation , i never imagined the price would go up like this a year back and that might happen in the future too, but it is really difficult to underline the time range in which we will see another rally, usually the price starts rising during September and the rally will continue till December and lets see how the market will react this year.

Bitcoin has always overpassed our expectation, but for now, it's hard to know if whether the price could hit the $30k or not.

Well, it doesn't mean that the price of bitcoin will stay as same as before until end of this year and I believed every November and December is the right time to know if the price could hit near $30k or more.

the only thing that I can assure you that the price wouldn't stay at the current price.

You just need to wait for price burst again this coming November and December the same as before, before you sell your bitcoin holdings.

It seems to me that this is unreal. At least to 15000$ reached. But in the cryptomir everything is unpredictable... 

This possibility could happen as long as the purchase demand for bitcoin is much greater than the bitcoin sales request until the end of this year so that bitcoin will increase. However, it should also be offset by good news related to bitcoin in order to boost public confidence in bitcoin.

Only if somebody explains the great possibilities that the blockchain offers, and does it in simple, non-technical language that explains the whole train of thought.

For example, most teachers who have been teaching for a long time, start to forget to teach all the points. Their minds automatically skip points that they know. They start assuming that people should simply know the points in between.

An example is in the smart contract field. The words "smart contract" sound really great. But how does a contract become a smart one that the blockchain authenticates? Essentially nobody explains this so that non-technical minds can understand it, while throwing in all the points so people can see how the benefit is effected. If people understood, they would jump in with both feet, and contracts would go blockchain rather than lawyers' offices.

Depends widely on the development of the relation between government (regulation) and bitcoin itself. I think wether this year will be the year where institutions will start accepting bitcoin, it could definitely get to such a value.

I think, BTC will go up to 20k USD again - maybe to 25k, but not 30k!!

Seeing something that has a very high level of fluctuation over time is not very conducive to investors' mental health for now, because it is so volatile that it is difficult to guess, it could be.

I think the coin does have the capability to do so, but I highly doubt it will actually happen. The reasons for that being that we're 3 months into the year and it doesn't seem like there's as much momentum in bitcoin as there was during last year. There needs to be some surge that gets the general interest back so that people can start finding ways to buy in and get other people to buy in too. That essentially raises the price for everyone, and if there's promise, then more people will start buying.

As of now, it seems like the hype around crypto has died down because people saw how much BTC dropped and don't want anything to do with it anymore. While I don't agree with people's ideals a lot, I understand why many people pulled their money out (They're just nervous).

There is a possibility of all cryptos reaching $30000 before year end but there is very low probability. Where is the demand and good news for such an increase? I do believe cryptos will rise but not as quickly as last year.

yes there is strong capabilty to reach 30k before end of year
but we cant say when it will moon.

It could happen , It is possible to happen. as I have read in the news there is this analyst that said it will reach 50k usd but before that there will be a dip again in bitcoin. for as long as everyone of us here is supporting bitcoin it is possible to happen.

It is very much possible and I personally don't want to disagree on that. Because if it happens, probably I will be able to repay all my credit card debts and also make a good amount of payment to my mortgage lender. So I personally want it to happen. The value of bitcoin actually depends on a lot of factors. One of those factors is the underlying technology, BlockChain. I said it earlier as well that we haven't yet discovered the full potential of blockchain technology. We can't even think off how much this technology can help us in our daily lives.

A lot of companies have invested money into researching blockchain technology and how it can be used in real world. Big management consulting firms like E&Y, Deloitte have recruited blockchain specialist to leverage in this sector. So we can expect many new innovation to unfold in coming days. It will increase the public trust on blockchain technology and once people are comfortable with blockchain technology, they will become intrigued about bitcoin as well and at least they will try to understand the features and benefits of bitcoin.

Currently Banks are driving people in a wrong way. Recently, I had visited my bank to request for a checkbook in the afternoon when the branch was almost empty. So just for fun, I asked the person sitting on the counter about bitcoin pretending that I don't know anything about it and some friends of mine told me about it. The Bank guy said, it is a big scam and used by criminals only. He added, if I start using bitcoin, I will be thrown behind bars by the government. He also said that our government has banned it and lodging criminal cases against anyone found using it. He clearly didn't realize that I have been active in this field since a long time now. I simply smiled and thanked him for his inputs and came out of the branch.

This kind of interaction shows, that Banks are trying big time to discourage people from using any crypto currency. It is an organized sector and hence common people are also believing them. These kind of organized movements are actually hindering the growth of bitcoin and slowing down new innovations in blockchain technology.

However, since some financial superpowers like Germany and Japan have already legalized it, I believe, more countries will come forward with the same intention. If it happens, 30k is a very low target.

While i truly hope that this is the case, i think you shouldn't be too sure that this correction is over.
Bitcoin has told us in the past that bear markets lasting 1-2 years are possible. This is, of course, no indicator for the future.
But BTC has proven to be stable in terms of mechanism/security. So future gains and bull markets will come. Wether it will be in 2 weeks or 2 years can't be said.




The capability? Definetely.
But wether it will happen? I'm not sure about that. I'd be happy if this would happen. But i wouldn't be disappointed if it won't happen by the end of this year.

We all know the cryptomarket has been on a downward trend since the second week of january.
Now it seems like the market correction and retracing is over.
Do you think bitcoin has the capability to hit the $30,000 mark before the end of 2018?