Is it practical to expect tenfold jump in Bitcoin this year ? - page 8.

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Quote from: dongyi17 on August 08, 2018, 10:16:44 AM

Quote from: krishnaverma on July 28, 2018, 01:01:48 PM

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 ?

No one can predict that but i wish this happen in this year, we have 4 months to wait. Hopefully this coming september altcoin will rise and many investor invest in cryptocurrency. For now you can buy altcoins cause the price is low, and if your right you have a lot earning if this happen.

In next four months probably enough time for achieving previous ATH and something around that (which may be higher or lower than previous ATH) but expecting ten fold from current levels sound really unrealistic.

By January 2015 bitcoin hit ~$180 levels (due to mtgox bankrupt) and by November 2017, it hit $19k+ levels. If you calculate in approximate it was 100 fold growth but took ~3 years of time. Bitcoin hit $1800 levels by February or March of 2017 (if I remember right) which was a 10 fold growth. It took 2 years of time. But that is the real and sustaining growth.

It means we need at least 12 to 24 months time for prices to get tenfold jump. But here we need to notice, calculations are taken from bottom levels to peak/ATH and not ATH to ATH. (Because previous ATH was ~last quarter of 2013).

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Quote from: krishnaverma on July 28, 2018, 01:01:48 PM

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 ?

No one can predict that but i wish this happen in this year, we have 4 months to wait. Hopefully this coming september altcoin will rise and many investor invest in cryptocurrency. For now you can buy altcoins cause the price is low, and if your right you have a lot earning if this happen.

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Quote from: burakdat on July 28, 2018, 11:26:19 PM

NO we should not expect things like that to happen because it will just make us get excited and in the end we really do not know what will happen in the next few weeks or months regarding with bitcoin market price. As we all know that the market price is being dictated by its demand. Whatever market price for bitcoin this coming year ending of 2018 will going to accept it.

Bitcoin market is unpredictable, no one knows what will happen to the market movement, it is dependent to the investment of the investors on crypto currency in the market, the growing awareness on crypto currency market globally is a good indicators for the future market, price value may goes up and goes down but it will recover after the market glitz. Bitcoin has good fundamentals, with clear market structure, and Bitcoin remain number one among all the ALT coin.

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I would not count on that though because the market is so unpredictable right now. Not only that, it has high volatility that the price would go up or down quickly due to being influenced by the media. I don’t expect ten fold, but it may indeed spike a bit when “BER” month comes.

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Quote from: krishnaverma on July 28, 2018, 01:01:48 PM

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 happens only after protracted bear markets.

So the jump in 2013 was after a two year bear market from 2011 to 2013. The jump in 2017 came after a three year bear market from 2014 - 2017.

We have a lot of sideways movement to go before bitcoin gains the confidence to push for another big surge.

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Quote from: krishnaverma on July 28, 2018, 01:01:48 PM

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 ?

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. It does not mean that in every month of a specific month there is a chance for bitcoin to pump or dump is better to analyze the price dpending on the current state of the market.

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Quote from: krishnaverma on July 28, 2018, 01:01:48 PM

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 ?

Sometimes expecting to 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 a too much expectation.

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If this is an anual event, then we could say to invest now while the iron is cold. But it will surely hit us back hard if this doesn't happen.

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Bitcoins price last year it was less than 1 K but later it has jumped up to 20K but now the market price is less than 7 k the market source is expecting in the bull run it will be higher than 10K. Bitcoin is a new form of economy with strong net work systems connected with the modern technology.If a bull run starts no body can predict it to what extend its price can reach ,whether it goes to 10 fold or more.

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Quote from: krishnaverma on July 28, 2018, 01:01:48 PM

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 ?

Expecting alot will result of failing alot,and besides better transfer this to speculation section since thers no assurance for the answer to your questions

Bitcoin will keep this prices till end year,we will be lucky to take atleast $10,000 before new year.but the totality is still not sure for the recovery

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Quote from: krishnaverma on July 28, 2018, 01:01:48 PM

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 ?

I don't think it will be that possible or easy to attain a 10fold leap by the bitcoin this year. Making reference to the past is like saying the opposite movement is happening at the moment and the bitcoin price is really unpredictable.

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I would say that 10x increase is a bit too much. I know it happened last year but that's one of the time where eople are still igpnorant of what cryptocurrency is. It's the time where people are unaware of the things that would make them lose money. Most money from the outside last year are investments without research. Now that Bitcoin has been slightly popularized, I think people have now enough experience on what they are going to do this year. I think Bitcoin's price would increase but not 10x.

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Quote from: krishnaverma on July 28, 2018, 01:01:48 PM

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 ?

I really don't see the 10fold leap happening this year because of the dips experienced repeatedly and overtime this year. I am of the opinion that a very sure time when there will be a bullish run is when the altcoins begin the startup and full functioning of their projects.

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Quote from: krishnaverma on July 28, 2018, 01:01:48 PM

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 ?

Its not practical at all. I dont think there will be tenfold jump than the current prices because it will take that much market too. Looking at the current scene I am pretty sure you will come to an agreement that how difficult it is for bitcoin to go even 10-20% up than what currently its rate is. Last week where everyone started to celebrate that bitcoin is jumping upwards and we are entering into bull run but soon that happiness come to an end and we are seeing worst of the bitcoin. I am sure no-one will believe on the fact that bitcoin is gonna take up tenfold jumps, at least not this year mate.

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Quote from: krishnaverma on July 28, 2018, 01:01:48 PM

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 ?

I have heard as many guys saying that after the confirming of EFT but can would jump so highly that everybody's bravest dreams and expectations would be overwhelmed and overthrown with the bitcoin price.

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Quote from: krishnaverma on July 28, 2018, 01:01:48 PM

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 ?

Expect, of course, possible, but this is unlikely to happen. Many are already inclined to think that this year should not expect a big rise in the crypto-currency market. I think that the maximum that can be expected from the bitcoine price by the end of this year, this price is 20 000 -25 000 dollars.

Indrawan77

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I really doubt it will happen, not that I am pessimistic but judging from the chart, I don't see any power for bitcoin rise until tenfold, it will be great if bitcoin price could double this year, the market is not as good as last year, alot of people losing money due to the huge correction, so this time the investors will be more careful

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Predictably, Bitcoin prices are still falling, I still hope the end of 2018 will change. This news made me worry a lot.

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Quote from: itsik78 on August 07, 2018, 01:09:11 PM

Many analysts predict a big increase by the end of the year, but at the moment not everything looks so optimistic. The market stalled in its development. It seems to me that we will not see more than 14 thousand this year. Many factors now that hamper growth

Yes you are right, we can really expect tenfold jump increase of bitcoin price this year. To be more practical we can assumed same as last year experienced that bitcoin price was reached up to $19000 plus before year ends.

itsik78

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Many analysts predict a big increase by the end of the year, but at the moment not everything looks so optimistic. The market stalled in its development. It seems to me that we will not see more than 14 thousand this year. Many factors now that hamper growth

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