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Topic: Forbes: Bitcoin to $35000 Bitcoin: The Harder The Fall, The Higher The Rise (Read 275 times)

sr. member
Activity: 588
Merit: 257
That’s hard and fast to judge about bitcoin like that. It’s basically all positive things that are concluded here and tells us that whenever bitcoin drops it actuall gets invested more and more every single minute it drops. So in short it’s just the natural tendency of everyone getting involved into crypto whenever the crypto is dumping itself. However I believe that there might be different scenario that’s happening here where people get panicked more and don’t invest when they see lots of dumps in it. :-p
member
Activity: 308
Merit: 10
I completely agree with the guys! now the main thing is to wait for growth, it was a very long fall! but patient people, life rewards.))) for this I am sure that soon we will be able to earn very good profits. Growth bitcoin in here will begin!
newbie
Activity: 23
Merit: 0
Bitcoin has had a very difficult year so far characterized by dips in valuation, The fore mentioned value is attainable considering the potential BTC has but it will take sometime to get there.

Correct, although we have been struggling in the last 3 to 4 months because of government hard stance against crypto and too many FUD popping everyday like mushrooms, it would still make sense that bitcoin can recover and bounce back.

But as far as $35K, I don't know if that is possible this year, it's like 5x or 6x of the current price so that is huge amount of money to get into the ecosystem. We need fresh blood to pump the market, but it seems that most of them are just mum and decided to wait it out before investing. But let's see.

To reach a value of 35k there would have to be a gigantic pile of money pumped into bitcoin. The market cap would probably have to double at least. The trouble I see with that scenario is finding a source for all of that new money. Maybe once the NYSE starts their little operation? Or all of this ETF nonsense finally gets sorted out?

These things don't seem to hopeful to me. It's hard to see bitcoin falling much further from here, but it's just as hard to see it reaching heights as high as 35k
legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
I do believe too, that there is a high probability to bitcoin to go as far as $35k. But the problem lies with altcoins. What will happen to them?

nothing new!

they will continue being pump and dump side market which is used by bitcoiners to fill their wallets with more bitcoin as they profit. and the same two groups will exist: the pumpers manipulating and making profit with those who join the pumps. and the newbies who lose money because they don't want to accept that pump and dump exists among altcoins...
newbie
Activity: 49
Merit: 0
I do believe too, that there is a high probability to bitcoin to go as far as $35k. But the problem lies with altcoins. What will happen to them?
member
Activity: 458
Merit: 10
That's right, I really enjoy and have fun in investing when cheap bitcoin like this, I've bought some bitcoin and I believe that bitcoin will be back at a price of $ 35000, that's great.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
I was surprised to see this article in Forbes, as the media coverage for Bitcoin has been overwhelmingly negative during the past 2-3 months. Even I am skeptical about the prediction. It is hard to imagine Bitcoin above 10K per coin for the remaining part of this year.
newbie
Activity: 78
Merit: 0
I think it's very easy for bitcoin to go up to $ 35000, and this is just waiting for the right time, bitcoin is the digital currency of the future.
full member
Activity: 504
Merit: 100
Thanks for posting a passion for today, I also think that bitcoin will be back at a very high price, and I will start buying and waiting to sell at the price of $ 35000.
sr. member
Activity: 490
Merit: 258
This is not far from reality, in my opinion. It is quite obvious that there are "somebodies" who keep the price low today, they were possibly buying bitcoins at a very cheap cost from weak hands and from those who can't wait the next pump anymore. Researchers and geeks said that the wall street and major names in banking are the entities who pull the price down so they could accumulate sacks of bitcoins before the price goes to another ATH. Money makers know exactly how to make money out of thin air (that's why they were called money makers... clever!) and right now all we can do is have faith that bitcoin had made it to mainstream, people are already buying it, and the only reason why it's price is low is because somebody is dumping to create fear among the weaklings and therefore they could accumulate bitcoins very quickly before the pump. $35,000 is not impossible - it had almost reached $20,000 recently.
newbie
Activity: 224
Merit: 0
have fun reading and have fun while investing. I also think that the course this year will rise even better

Bitcoin: The Harder The Fall, The Higher The Rise: $35K By Q4


https://bit.ly/2IJ5t9n  

maybe this forbes article was created to pump bitcoin price lol.
but anyway, everything in cryptocurrency is possible. Who predict that bitcoin will hit $19k in 2009 ? i think no one.
sr. member
Activity: 686
Merit: 250
Bitcoin has had a very difficult year so far characterized by dips in valuation, The fore mentioned value is attainable considering the potential BTC has but it will take sometime to get there.

Correct, although we have been struggling in the last 3 to 4 months because of government hard stance against crypto and too many FUD popping everyday like mushrooms, it would still make sense that bitcoin can recover and bounce back.

But as far as $35K, I don't know if that is possible this year, it's like 5x or 6x of the current price so that is huge amount of money to get into the ecosystem. We need fresh blood to pump the market, but it seems that most of them are just mum and decided to wait it out before investing. But let's see.
I agree, I cannot see bitcoin recovering that much in this year let alone surpassing its previous all time high and reaching as much as the 35000 dollars, I believe in bitcoin and I know that the price will eventually be reached but not in this year, I really have the sensation that this is a year of transition in which the price of bitcoin is not going to grow as much and it will be a real test for long term holders.
legendary
Activity: 1596
Merit: 1034
Do the speculation may be but not too excessive. In trade and investment, reversing the trend of price movement is not as easy as turning a plate when eating because it takes several factors that make the trend turn around. I am glad Forbes say so because it can create the suppressing influence of the various FUDs that circulate lately about crypto.
jr. member
Activity: 191
Merit: 1
its very rest assuring when you see major companies like this instilling confidence in investors about bitcoin.
$35000 sounds like a nice number, I agree, but how realistic is it?
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
once people realise these bullshit ico erc20 crap tokens are all the rest of the dreams and talk alts are done the flight back to btc will be quite huge.

you could see btc dominace levels back to 80 percent plus.
full member
Activity: 364
Merit: 123
I do not believe that the lightning system can solve the problem of bitcoin transaction speed and price. It seems to me that scalability is a better solution. But that's only part of the problem. It seems to me that the main problem of bitcoin will be the fight against the government's attempts to regulate the cryptocurrency market. This can significantly reduce the interest of large capital in cryptocurrency.

LN is a solution to scalability issues. Scalability isn't a solution, it is the problem. If there is further regulation of cryptocurrency like has been proposed and suggested then we would likely see this make large institutional capital more likely to enter the market as they are better protected and are investing in to something more legitimate.
full member
Activity: 364
Merit: 106
I do not believe that the lightning system can solve the problem of bitcoin transaction speed and price. It seems to me that scalability is a better solution. But that's only part of the problem. It seems to me that the main problem of bitcoin will be the fight against the government's attempts to regulate the cryptocurrency market. This can significantly reduce the interest of large capital in cryptocurrency.
sr. member
Activity: 574
Merit: 251
nice to have some positive news to read, been alot of trashtalking about cryptos in general the last couple of months , have a feeling april will turn out to be a realy good month for cryptos, seeing alot of altcoins taking off even when bitcoin been in the 6000-7000 range for a week now.
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
I thought the article was pretty well done and realistic. We saw BTC at 20K late last year, so 35K is not unreasonable. One element the author seems to be missing, however, is the possibility that an altcoin could replace BTC as the top cryptocurrency. Any cryptocurrency investor needs to be looking out for that eventuality. Even with the Lightning Network, BTC simply is not at the top of what's possible with the technology. In fact, BTC is a downright dinosaur already. There are other coins that have better blockchain technology, and when they also are able to be easily used by non technical people and integrate more seamlessly with traditional financial institutions, then BTC won't know what hit it.

It's too soon for that to happen. Much too soon. Look how the market reacts to bitcoin's problems. When BTC goes down, the altcoins tank even more. People have already noticed that the less real merchant adoption the coin has the more it tanks in the bear market. XRP went down like a rock, LTC too, but the real "winners" were the foked shitcoins like BTG. It used to be worth 400 USD, even 500 on some exchanges, now it's at 50. That's 10% of its ATH, while the rest is holding somewhere around 30% of ATH.
legendary
Activity: 1806
Merit: 1029
I thought the article was pretty well done and realistic. We saw BTC at 20K late last year, so 35K is not unreasonable. One element the author seems to be missing, however, is the possibility that an altcoin could replace BTC as the top cryptocurrency. Any cryptocurrency investor needs to be looking out for that eventuality. Even with the Lightning Network, BTC simply is not at the top of what's possible with the technology. In fact, BTC is a downright dinosaur already. There are other coins that have better blockchain technology, and when they also are able to be easily used by non technical people and integrate more seamlessly with traditional financial institutions, then BTC won't know what hit it.
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