Topic: Is it practical to expect tenfold jump in Bitcoin this year ? - page 4. (Read 1994 times)
Tenfold will be , but I think this year is not possible. But great hopes are good, confidence in it increases. Just as you did. I too hope you like Bitcoin will soon reach skyscraper success.
I will be difficult, the past bitcoin will not be repeated. maybe Bitcoin can rise 2x, but it's impossible to be able to increase 10x. the development of bitcoin prices this year is really hard, unlike last year, every price will go up, it will go down again. and it's been repeated.
If you are going to look at the current price of bitcoin comparing to past price of bitcoin we could see a different pattern in each scenario so we could conclude that it is not easy for us to just compare the price of bitcoin on the past price of it. Sometimes expecting too much is not good especially in crypto market prices. Because every year price in crypto is not like before or sometimes the price will huge in unexpected time. So maybe we don't need too much expectation.
It all depends on the fundamentals. You can see that TA doesn't matter when the fundamentals are rushing in. This recent dump right after the ETF got delayed, even though the price was forming a bull flag on the charts serves as a proof. So whether we will go to ATH this year cannot be read from the charts. It would seem unlikely looking only at TA, because 8 months of bear market don't turn into an ATH right away, but a big news could change it. For instance if we got all ETFs approved and on top of that had a major retailer accept BTC directly 20k would break in a month.
ETF's might cause some money to come in, but not to the tune of several billion dollars. They're just not that appealing. And there's already been a major move by Starbucks and a few other giants, but nothing happened. Bitcoin is establishing itself in the market. It's carving out a comfortable resting area.
People don't need ETFs or Starbucks to do it all for them. Let's say we would need 10 billion to come into the market to reach a certain point, if that happens people will do the rest. They are only waiting for a signal to start buying. A signal that will prove that institutions are really interested, that governments approve BTC. We managed to reach 20k without ETFs, Starbucks, Microsoft annd all the rest, which means we can do it with them much easier and much faster.
Yes, I support that too. Frankly I'm getting sick and tired of all the questions about which ETF is going to shock the market into the skyline and when. I don't think that they are going to get involved very much anyway. They'll probably only jump in like you said when things are already in motion. That would be really good for us though because it will add momentum to the trend we'll already be riding.
We did reach those levels alone, but also because there was the novelty factor behind the trend. Now it's not so fascinating anymore so people are a bit more cautious.
it's difficult to increase its value tenfold this year, although the price of bitcoin always gives an unexpected surprise, I think if the price of bitcoin has risen again this year, it can only increase its value twice from now, it also takes a long time because this bitcoin price always has a very sharp decline.
Is it practical to expect tenfold jump in Bitcoin this year ? It has happened in past but is it practical to expect it this year also ?
With the current price and situation of bitcoin? I would say no because we can see that the price range is too much high to make another ten folds. Another reason is that there is no significant good newa to attract other people to invest on bitcoin like what happened last year. To go for two folds is very hard for bitcoin now and I don't even expect to make it ten because of these reasons.
Right,Even though the market is full down right now I still see the bright tomorrow for bitcoin I believe that it go ten times fold again this year. There’s no wrong about expecting it to happen but atleast I believe on it.as soon as ETF accepted from SCC i think every coin on exchange will pump adopt.
This may happen as big investors roll in their fund for bitcoin trading. The price will just surpass even tenfold. But with this current market cap it's impossible except all altcoins will bleed to near zero.
Quick ten-fold increases have happened only 5 times: twice in 2011, twice in 2013, and once in 2017. It is not a frequent event, so it is not practical to expect it to happen this year. However, if you believe that the adoption of Bitcoin will continue as it has so far, it would be reasonable to expect a ten-fold increase again in the future.
Very unlikely indeed, it will probably take some more years before we will experience again the 2017 huge rally. Perhaps after next Bitcoin halving.
Quick ten-fold increases have happened only 5 times: twice in 2011, twice in 2013, and once in 2017. It is not a frequent event, so it is not practical to expect it to happen this year. However, if you believe that the adoption of Bitcoin will continue as it has so far, it would be reasonable to expect a ten-fold increase again in the future.
Very unlikely indeed, it will probably take some more years before we will experience again the 2017 huge rally. Perhaps after next Bitcoin halving.
The main path to realising ten fold gains would be via trading the peaks and drops in demand vs supply. You'd have to be pretty skilful to double up this many times but some have this edge and could do it and regardless of any other criticism Bitcoin still offers plenty of opportunity to be traded.
Its not practical to expect this but its a possible path for some. The old just hold and see I dont fully support tbh unless you are really busy elsewhere, Bitcoin will grow best when it has the highest percentage or actual users within its population of holders.
If we could somehow find that statistic then you will have your answer and even a date at which it is best to buy it. I think its harder to tell exactly unfortunately
Its not practical to expect this but its a possible path for some. The old just hold and see I dont fully support tbh unless you are really busy elsewhere, Bitcoin will grow best when it has the highest percentage or actual users within its population of holders.
If we could somehow find that statistic then you will have your answer and even a date at which it is best to buy it. I think its harder to tell exactly unfortunately
If the BTC's ETF is approved, it is equivalent to official recognition of Bitcoin as a legitimate asset.
This will also have a certain impact on the price of Bitcoin, BTC will once again break through the new high! There will be a round of bull market for cryptocurrencies!
I doubt the approval of etf would result in a ten-fold increase in its price. Many newbie nvestors were burned last quarter in the previous year, and that will take time to regain their confidence in this market. This will also have a certain impact on the price of Bitcoin, BTC will once again break through the new high! There will be a round of bull market for cryptocurrencies!
Is it practical to expect tenfold jump in Bitcoin this year ? It has happened in past but is it practical to expect it this year also ?
It might happen but the chances are low. All we could do is to speculate on what's going to happen on bitcoins price but there is no guarantee that would be tenfold higher or worse tenfold lower.
Yes, because this technology is still young and has lots to improve. If it, in its infancy, was able to soar so high, it is not far also that as it reaches its climatic point, it will surge again notably. Without a doubt, bitcoin keeps on surprising us each time.
So you think that bitcoin is going to reach a price of 60k for each coin? We need to be realistic here, there is nothing wrong with being optimistic but you are blinding yourself to the truth, most likely the price is not going to grow that much this year and that is fine since this give to us the opportunity to get bitcoin for a reasonable price, the price you are talking about will need 5 to 10 years to be reached.
I do not think that is possible. I doubt whether this is the thinking of the skeptics of Bitcoin's value by the end of 2017? But what actually happened at that time? USD 20,000. That's horrible. I always hope that Bitcoin will increase, and increase the price. But, in my opinion, Bitcoin will not be able to increase the value of the mutation by the end of 2018 as in 2017.
So far, the time is August, and the possibility of this ideal realization is very small, almost impossible. Even if the ETF is passed, I think it is very difficult to achieve such a high price, and maybe it will appear next year.
It is not possible or let me say not likely, bitcoin has not gone beyond 10000$ for most part of this year, what we can reasonably expect is a recovery to it previous all time high
Sorry to say but I do not agree with you because if it is about possible and impossible then I think nobody expected bitcoin to touch 20k dollars by the end of last year so no one really knows what is possible for BTC and what is not. This asset is expected to touch 1 million dollar sometime in the future. If not so, then it can at least touch 60k dollars for sure. 
It's to early to assume that it will have a bullish run this year because the signs of it's recovery is nowhere near and there are no indicators signalling yet that the price will have an uptrend. It seems this year is a series of bad news from regulations, big hacks and millions of crypto's is stolen. But it's not wrong to expect that bitcoin will surge this year after all btc is full of surprises.
I think its not going to happen that way again. I am a bit doubtful since there are too many day traders it might just create a different scenario. But there might be an increase in volume but only for a very short time then it will go back again very low. This is just my opinion though and I am in no way a professional. I based my observations only to how events are happening during the fall of the market.
No one knows it will happen! But there is always a possibility. The market is volatile in nature so expect the unexpected. Anyhow, the year end is the most anticipated month for crypto holders to spike the price. So let us hope for the best.
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