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

On the internet anyone can claim to be an expert at something and it does not have to show any kind of proof that he really is, this is why I always wonder how can there be so many experts in cryptocurrencies when it takes 20 to 30 years to become an expert at something and bitcoin the oldest cryptocurrency has only existed for 10 years, so it is obvious these so called experts are bogus.

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.

The downward trend of the entire cryptocurrency market from the beginning of the year was enormous. 2018 will be a tough year for coding. This is not surprising since since the launch of Bitcoin so far no year without difficulty. But we can see that there are long strides in technology and confidence in this new digital currency is growing.

We do really know the feeling on waiting for something which we dont even know or does have assurance that it would come.It do really sucks to feel that way but i agree that rather than on expecting or hoping too much its better to do things and act accordingly into the situation. Making out money or profits on this bearish market is still plausible and talking for those experts i dont believe into those things on any angle since no one can have a precise prediction either on bitcoin alone or into other altcoins as well.

No wonder! Those "experts" are only experts when they guess right. Those figures that they predict are taken from the sky in order to speculate on the market and people's involvement. Nobody knows for sure what Bitcoin's price will be, we only have to adjust to market's behavior and situation. Then we can predict something for short- or mid-term investment or trading. Nobody knows for sure how the market will behave a month or two from now, especially taking into account that crypto-whales now take control of the market trends.

True, but its not always FUDs or panic sell that causes the price to fall. You can't always blame those facts. Prices might fall if bunch of whales decides to cash out their profits. And most of these experts are not "trading" experts, rather "market manipulation" experts! They give high hopes to people so that those gullible people starts investing which causes the price to pump up but then the experts starts to dump to profit from the rise.

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.

Everyone has their own opinion on what will be the outcome on the prices of cryptocurrency before the year ends, but those who are thinking about it in a negative way will just be disappointed because the market price will obviously grow after a few months.

Bitcoin forecaster. 

There is no medium yet that could forecast what would happen to bitcoin price so we can still call it a "wild guess".

They just have the names of so called "analyst" from the other world of investing and they are trying to use it too with crypto currencies. But I am betting this numbers will still be wrong. 80 percent that it could go the other way.

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.

It's amazing how these so-called experts suddenly change their tune when the market turns on them. Aren't they supposed to be able to predict the 'future' of the market. Surely they would have predicted this price correction back then, and hence factored that into their initial estimation. I really wouldn't worry about expert predictions, 50% of predictions are wrong, which means there's no benefit to look at expert opinions rather than just guessing. Just continue day trading and take your profits now, don't hold them for the long term because the growth of bitcoin or other cryptos is uncertain as of writing.

The end of year forecast may have been reduced, but let's face it, 18k is still a healthy increase on where we are now. We've often seen that fast growth precedes a sharp drop, so perhaps we should be hoping for steady growth more than anything...

Last year,the price of bitcoin is eexpected to raise above 50,000$ this year.Due to some regulation and crypto related news,the FUD is occupy the crypto market.And due to this ,the price of bitcoin and other crytocurrency is reduced.The knowledge full trades use this month fall to buy huge at the drop

They keep predicting and revising and I keep wondering who are the people following them ?
Nothing is predictable long term in this market and whatever they feel they are using is just going to be baseless.

The best is to just stick with the idea of monitoring the situation of things in the market and finding a way to blend with it as a trader or an investor. We cannot say how low this market will get but that will add up to a lot of things before the year even end.

Who knows...but even with current market situation i belive ETH will double in price at the end of the year or even on early 2019

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.

Words are changing gradually and they call themselves an expert, lol. No sane expert will be predicting the future of a market as this because there is just nothing to predict. The market can change in situation at any time and the best thing is to just follow it through by monitoring the trend. The market looks like it is set to go down more as it is now and based on how low it gets will determine how hard it is to get back to the previous ATH before the end of the year.

With the current price of bitcoin where it is almost -65% lower than itsvall time high its good to read that crypto experts and forcasters still have positive sentiment that by end of year bitcoin amd alts will still close in gaining territory and i will patiently wait for it

Just as their previous predictions were wrong, this one might be wrong as well. $6000 is good entry for big investors, at these prices it is oversold for me.

They are not crypto forecasters because those who post articles about their crypto forecast are either no-coiners who are paid to shill certain coins, forecasters trying to shill their stash in order to gain a hefty sum or profit, or just somebody who posts unrealistic predictions in order to gain more visitors for their articles(and they get paid a lot for that). That's why they are eager in doing so even if their past predictions didn't happen.

That's why it's better to hodl then panic sell with the price dipping rapidly and unusually. Im sure a huge bullish run is coming and the storm will finally cease and bitcoin will be reaching new all time heights as history repeats itself. but that does not includes ETH and LTC because they're just altcoins and follows the trend of bitcoin, maybe EOS or TRX will take over the two this year who knows.

I'm not really sure if this so called experts have a crystal ball besides them to make this bold prediction. Or maybe they are a paid schill as I see EOS and TRX. Well EOS is thought to be the Ethereum killer, but I don't think it will be this 2018, same as TRX. There are a lot of hype surrounding this two but I doubt that it will be sustainable in the long run. Perhaps in the next couple of months, but looking at longer term, it would be hard because Ethereum will still go strong and maintain its status as the top altcoins. As for bitcoin, hard to say, we have been in this bearish trend and we might end up still in this sentiments, no one can really tell. Although I really like to see this bullish predictions, I wouldn't take it seriously until we see it actually happening. Let's not put too much expectations so that we will not be disappointed if we didn't go that further. The market is still in its infancy and we all know that anything is really possible so let's just hope for the best at the end of this year.

Cryptocurrency is not predictable at all. I don't understand why do people believe in crypto predictions at all. Even the experts in stock market can go wrong when stock market can still be predictable on based of analysis. Seeing the current market situation anybody with a little knowledge to crypto can say that it will be tough for crypto to rise the same as last year. People should not be so optimistic about Bitcoin and place high targets in the market for it to achieve. I believe in Bitcoin but I also know that it will take quite a while for Bitcoin and the other cryptocurrencies to stabilize in the market and then it will go green.

EVEN how big they predict nor lower the price still this would never change a thing that value is only desired by all who they called experts but reality will only comes when this is happen so lets give the benefits of the doubt to them.


Thats it even millions of "experts " are there to predict or speculate still people will decide what will be the value for tomorrow so stop fooling users here because no one really knows

Those speculations brings some hype then whales will just dive down and forget about that thing, What I'm saying is even there's so called expert wanna be, the value of any crypto will still depend on how market will support each project, real usage still in question and big businesses still in doubt if the system will really help them to be more precise and efficient serving their customers, and aside from that the never ending sway is the major factor why bitcoin is hard to predict, not even expert will.

I'm not keen at what the price is now since it is still trading below $10,000. If it gets to $10,000 mark, then I will start looking at what prophecies are churning out. For now, I'm not looking at predictions but putting my eyes on the daily indicators.

I can't remember reading any prediction early January 2017 (when bitcoin was still below $800), that price will get to $20,000 as ATH at that point.

Yes.. lol. In fact they are the dumbest as they are no expert and anyone who is simply trying to claim being an expert now and predicting the future of a volatile market is the dumbest I have ever seen and does not deserve to even be called an expert or of course just looking for recognition so that when it happens, they will say 'I told you so', while changing their opinion several times in a year.

Maybe they will even bring it down back to $10,000 in the next few days, who knows ? But if we notice, bitcoin raised from $10k to ~$20k in last year November month. When $10k dollars were possible within a month why not we assume $50k or even $100k in next six or six-and-half months ?

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.

Lolz.

Last year there were posts who said that bitcoin will be 60,000 USD or 1 million in value by the start of 2018! But nothing like that really happened and eveyrhtign was literally going to dust by that time as compared to what they expected. Then again they came up with new predictions that "Oh no! Snap! This bad news struck the market at wrong time and that why bitcoin is going down". Oh shits man, these predictions are all hoax and nothing else. Never trust them. We should always focus on the current events and what are the effects of it to the current value. Forget the dream of million dollar bitcoin. Lets just be normal try to work the normal way.

When you say "experts" you should mention a few names and tell why they are "experts" in that field.
Do they have some sort of sertifications or masters degree in Cryptocurrency trading.
Do you think that trading cryptocurrencies for 2-3 years makes somebody an "expert" in crypto trading and this expert would predict the future crypto prices as if he has a crystal ball?

someone who was predicting $43,370  just because price was rising fast is not an expert he is instead an attention whore. it works like this: when price is rising you keep predicting bullshit high prices. for example when it is $20k you say it will reach $50k when it is $50k you say it will reach $1 million and so on.
and it works both ways. when price is dropping the attention whores come out then also. they keep predicting bullshit low prices. for example when price is $10k they say it will be $5k, when it is $6k they say it will be $3k and so on.
it is extra funny when they do it about altcoins since there is no way of predicting when a pump bubble ends and when its dump is gong to end.

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.

Look to the end of 2013 for 'expert' predictions and then blow them a raspberry. No one knows shit about shit.

Anyone with a modicum of brain could've told them that you don't have a minor breather and then kick off the bubble again when the bubble was that enormous.

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.

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.

It is really hard to predict the price action specially  in the crypto currency market. For the experts I think it is wise for them to lower down the expected price on the end of the year. On January 2018 everyone expected that we will recover after a few months but until now we are still in the bear market. To be honest I do not think we will reach that price in the end  of the year.

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%.