Topic: Experts Reduce End of Year Forecast for Bitcoin. (Read 268 times)

If they are experts, they will know better than predicting the long term value of the market in the first place, knowing that they cannot see the future and all they are just busy doing is speculating. It is an opinion anyway, but what I just do not like is adding word expert to it, when indeed they are even the clowns in the picture. Very hard to predict the market in its short term trend, let alone, long term .

This year-end may not resemble what we had in last year but the projections are usually works based on how good market is doing. When bitcoin prices bounce back in coming weeks, we can be sure those experts will alter their words again. Even pivot point mechanism and calculations are working this way only.

They are not experts, I think they assume the trend will keep going and make predictions considering it but the trend change hard to be predicted.

Well one cannot tell whether their prediction will come to fulfilment at the end of this year because anything can happen in crypto currency market since no single person has the power to influence the market value of Bitcoin and other alternative crypto currency value.

I agree with this, according to the information posted by the OP the panel of experts still think that bitcoin can reach 18k, I'm not so sure in what kind of data they are basing their predictions, they still seem to be incredibly bullish to think we can get that close to the all time high, even if the predictions come true it is my opinion people need to assume this year is going to be terrible for cryptocurrencies and act accordingly, that is way better than to wait for a bull market that may never come in this year.

Not really a surprising thing and these kind of bullshit speculations been started since bitcoin was first traded. Speculations continue either both ways either increasing or decrease but same as you said no one really knows or can predict on where it is heading. Now in regards on whats happening on the history of price of bitcoin upto these years Experts or so-called professional traders would really have confusion because volatility can really break out their expectation anytime and its always been part of its nature on being unpredictable. Somehow fuds and panic sell or FOMO can affect bitcoins price but not a major thing.

Experts were wrong last year, Bitcoin outperformed; so far this year they have also been wrong, Bitcoin is under-performing.
Trading remains volatile, the advice has always been to trade with caution and not make this so called expert-predictions a basis.

Thanks for the forecast, it was a nice read. Frankly speaking, I guess there are a number of pricing opinions around, but no one can really predict the market. Crypto is highly unpredictable, bitcoin might go to $100k or even $3k by end of the year. Let’s hope for the best.

Who’d be a crypto forecaster?

Back in January, experts had Bitcoin pegged for a value of $43,370 on average by December 31.

At the time, BTC was riding highs of around $18,000. But even in March, when Bitcoin was valued at half that, the panel was confident it could still hold out for $38,000 by the end of 2018.

This month, with Bitcoin still nudging $9,000, the outlook isn’t so rosy from the finder.com.au team. They’re now tipping it can reach $18,883 by December 31 — still a hefty increase on today’s price, but certainly a lot wobblier outlook than at any other time this year.

The June Cryptocurrency Predictions Report was compiled by finder’s 10 crypto experts. You can read more about who they are and what coins they hold here. And out of the 13 coins they ran the ruler over this month, none are expected to be worth less by December 31.

Two, however – Iota (MIOTA) and Monero (XMR) – are tipped to fall 8% and 7% respectively by July 1.
Dogecoin, which in March and April was the panel’s favourite and listed as having the potential to rise anywhere between 3,000% and 5,000%, isn’t even on the list of 13 this month.

Of the winners, the panel has picked out EOS (EOS) as having the best shot at high growth, tipping a possible 206% rise on its price of $16.42 at the end of May.

That would put it at $50.27 by the year’s end.

EOS is the token offered in an ICO by [Suspicious link removed]pany Block-one, which helped it recently complete a staggering $4 billion year-long funding round and lure Commonwealth Bank’s former chief financial officer, Rob Jesudason, to Hong Kong as its chief operating officer.

Tron (TRX) is expected to have the second-greatest positive price growth by 31 December of 146%, followed by Cardano (ADA) at 145%.

When comparing the forecast market capitalisations for Bitcoin, Bitcoin Cash and Ethereum, Bitcoin is predicted to see the highest growth by the end of the year, at 99%.

This was followed by Ethereum with a 91% increase, and Bitcoin Cash, with an increase of 76%.

Who’d be a crypto forecaster?

Back in January, experts had Bitcoin pegged for a value of $43,370 on average by December 31.

At the time, BTC was riding highs of around $18,000. But even in March, when Bitcoin was valued at half that, the panel was confident it could still hold out for $38,000 by the end of 2018.

This month, with Bitcoin still nudging $9,000, the outlook isn’t so rosy from the finder.com.au team. They’re now tipping it can reach $18,883 by December 31 — still a hefty increase on today’s price, but certainly a lot wobblier outlook than at any other time this year.

The June Cryptocurrency Predictions Report was compiled by finder’s 10 crypto experts. You can read more about who they are and what coins they hold here. And out of the 13 coins they ran the ruler over this month, none are expected to be worth less by December 31.

Two, however – Iota (MIOTA) and Monero (XMR) – are tipped to fall 8% and 7% respectively by July 1.
Dogecoin, which in March and April was the panel’s favourite and listed as having the potential to rise anywhere between 3,000% and 5,000%, isn’t even on the list of 13 this month.

Of the winners, the panel has picked out EOS (EOS) as having the best shot at high growth, tipping a possible 206% rise on its price of $16.42 at the end of May.

That would put it at $50.27 by the year’s end.

EOS is the token offered in an ICO by blockchain company Block-one, which helped it recently complete a staggering $4 billion year-long funding round and lure Commonwealth Bank’s former chief financial officer, Rob Jesudason, to Hong Kong as its chief operating officer.

Tron (TRX) is expected to have the second-greatest positive price growth by 31 December of 146%, followed by Cardano (ADA) at 145%.

When comparing the forecast market capitalisations for Bitcoin, Bitcoin Cash and Ethereum, Bitcoin is predicted to see the highest growth by the end of the year, at 99%.

This was followed by Ethereum with a 91% increase, and Bitcoin Cash, with an increase of 76%.

I am not sure about all of this! These crypto currencies are highly volatile and they are behaving with the unknown and known reasons in the todays era. Just look at the current years behaviour of crypto currencies. First speculators said that this coin will be +20% up and that coins will be 150% up but nothing like that is happening at all. Almost all of them are getting the reverse action in the first place and thus making it worst in the current scenario. Somehow crypto currencies not predictable at all and unfortunately I have stopped believing these people who make the forecasts. They bring you loss often and thus its worst to manage that.

Who’d be a crypto forecaster?

Back in January, experts had Bitcoin pegged for a value of $43,370 on average by December 31.

At the time, BTC was riding highs of around $18,000. But even in March, when Bitcoin was valued at half that, the panel was confident it could still hold out for $38,000 by the end of 2018.

This month, with Bitcoin still nudging $9,000, the outlook isn’t so rosy from the finder.com.au team. They’re now tipping it can reach $18,883 by December 31 — still a hefty increase on today’s price, but certainly a lot wobblier outlook than at any other time this year.

The June Cryptocurrency Predictions Report was compiled by finder’s 10 crypto experts. You can read more about who they are and what coins they hold here. And out of the 13 coins they ran the ruler over this month, none are expected to be worth less by December 31.

Two, however – Iota (MIOTA) and Monero (XMR) – are tipped to fall 8% and 7% respectively by July 1.
Dogecoin, which in March and April was the panel’s favourite and listed as having the potential to rise anywhere between 3,000% and 5,000%, isn’t even on the list of 13 this month.

Of the winners, the panel has picked out EOS (EOS) as having the best shot at high growth, tipping a possible 206% rise on its price of $16.42 at the end of May.

That would put it at $50.27 by the year’s end.

EOS is the token offered in an ICO by blockchain company Block-one, which helped it recently complete a staggering $4 billion year-long funding round and lure Commonwealth Bank’s former chief financial officer, Rob Jesudason, to Hong Kong as its chief operating officer.

Tron (TRX) is expected to have the second-greatest positive price growth by 31 December of 146%, followed by Cardano (ADA) at 145%.

When comparing the forecast market capitalisations for Bitcoin, Bitcoin Cash and Ethereum, Bitcoin is predicted to see the highest growth by the end of the year, at 99%.

This was followed by Ethereum with a 91% increase, and Bitcoin Cash, with an increase of 76%.

Who’d be a crypto forecaster?
Back in January, experts had Bitcoin pegged for a value of $43,370 on average by December 31.