Topic: Is there any chance for Bitcoin this year? - page 2. (Read 391 times)

Yes Bitcoin has a chance to make some magic happen this year. The year is long and we aren't even four months into it. Last year the real growth didn't start until about May 1st, in that time it went from ~$1400 to ~$20,000. This year after experiencing a major crash it seems Bitcoin has already found the bottom of the market and may be just starting its turnaround. The rest of the year may be building a base back to $20k (instead of the 7 week mania that took it from $6k to $20k last year which inevitably all had to be lost during the crash).

I think 2018 will be all about building that price appreciation from the mania just before the crash solidly into the market price so that $20k is the base upon which a 2019 boom phase takes bitcoin to $50k-$100k.

And not to mention I think it will be viewed more positively until more acceptable in various countries and getting closer among many people to all over because the various of its advantages till close in everyday life. The possibility of price movement/price history still have a high chance of reaching the history of the new highest price, because anyhow this is one thing that does have the power in covering the more modern era's development.

Yes there is a chance that this year bitcoin will grow more than what it has during past year, it is just up to us if we are going to hold our bitcoin or if we are going to just withdraw what we do have and will just see and watch the price.

Why not, bitcoin still has a chance to grow this year, by 2018 will remain a bitcoin year, and by 2018 I do not think bitcoin will be replaced by altcoin.

seen from the development and price history from time to time bitcoin business opportunities are still very wide open and investment opportunities bitcoin also looks still promising sangt. you can start from the year now, if you have patience you can save it and sell it for the next few years, I sakin price will rise several fold.

I'm surprised no one has caught this yet. Paul, you've made a big error in your original post!

Four months ago Bitcoin almost touched the $20,000 milestone!

In fact, some people will say that it did cross that mark, because there's such variance across exchanges it's possible (likely, actually) that at least one exchange had the price cross that threshold for a short time.

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And in agreement with a few others here, market capitalization isn't a driver of price, it's a symptom or effect of price. Market capitalization is calculated by multiplying price per coin or share X the total number of coins or shares outstanding.

It's not the market cap that's sliding down, it's the price per coin that's sliding down. In fact, market cap slides more slowly than the price per coin because we are producing new coins every single day...which has an increasing affect on the market capitalization.

you are looking at everything wrong here.
first of all you may think you mean something when you report total market cap but you really don't make sense, you are just reporting a meaningless number.
as for bitcoin price another way to look at it instead of calling it "not recovered yet" is that last year price was $1000 and now it is $8000 and it is still rising strong!

there isn't really any cycles. there may be coincidences where some recoveries take that long but there is no fixed length for it.

again with the market cap?
yes it may reach $1 trillion or even $100000000 trillion based on the way shitcoins are being created.
as a quick example imagine a premined shitcoin with 100 billion coins is released and pumped to $1 (12500 satoshi) that increases the total market cap by $100 billion in a blinking of an eye. have 10 of these and you increase it by $1 trillion. easy peasy

why wouldn't it?
it always baffles me that every time price drops people start asking this type of question as if they forget what bitcoin is if its price drops and remember it when price is rising!

Now, BTC prices have risen to $ 8,029.90.
However, the future of Bitcoin is still unknown. We still hope and I advise you to keep the BTC

Price will increase. But for how long. Should investors sell BTC at this time with high prices?

You have a point. The hype made people to buy investment during the most expensive condition of bitcoin thinking that bitcoin will reach higher that 20k in the coming months..but after December 2017 it starting to slope down..And those high expectations turn in anger,depression and sell out which mean a great loss..Here in cryptocurrencies we must be carefull to get greedy and get tempted by the hype we must play our cards properly because everything is so volatile and we could lost everything in a span of a minute same as we could get millions if we are carefull and wise enough to hamdle our bitcoin invesment.

With bitcoin everything is possible!  This past days was quite positive and the price has surged..there is a significant price increase from 6800 to 8039k  this was in a span of 45mins so this has shown a big possibilities with bitcoin. I believe the price is rising and it will surge soon.

What happens or does not happen in 2018 will not determine the future of Bitcoin. You should truly have a long-term perspective of cryptocurrencies. They are something which can fundamentally change the existing economic system. You should not expect change overnight (or in a year).

Of course it does. It started off with segwit adoption by a lot of people and exchanges. The transaction fee became very less. Lightning network released its first lighting mainnet release.
Cointelegraph wrote an article about this as well: https://cointelegraph.com/news/what-does-the-futures-hold-for-bitcoin-in-2018

But i think that still they are holding their bitcoins and not going to sell it, so i think that very soon they will recover their lost, because once again they will see bitcoin price trading above 19000$. so they may not be regretting for their investment in bitcoin, because at that time it will look like that very soon bitcoin is going to cross 50000$ and will even cross that level, therefore they wanted to invest money in bitcoin even in such a high price.

We do not even need to go as far as 2 years. Just early last year alone till date is enough to show the level of growth bitcoin has had.

However, if the OP is referring to a chance of a bull run for bitcoin this year or if we will probably attain the level of the previous ATH, I want to believe that is the answer only time can give, but in the long run, it is obvious there is a great chance for more growth and development.

at this moment and till now,cryptocurrency's ATH were $800 Billion and it happened a few months ago at jan 8.
that time Bitcoin price was around $15.000 more or less.
so if you are asking about will it reachs $1 Trillion this year ? i am sure that it will not because we are not really sure about our current market.
as we can see,right now we are moving up but people still thinking about another down because the chart does not look good.
if we see another downward movement,i believe until the end of this year at most we will see it around $500 Billion in total.
but if we do not see any downward movement again,we 'may' can see it but it is quite impossible in my opinion.

If you shift your attention from the immediate past 3-6 months chart to the last 2 years or so, you can see for yourself that BTC have gone a long way already. we are at 8000+ USD per 1 BTC which is itself extra ordinary. As you know the supply is limited to 21 million unlike fiat currency, so with more awareness and people showing interest in BTC and more organiztions adapting to the technology after realizing its true potential - I say 8k or 10k is just the beginning.

Lets put it this way if Bitcoin doesn't succeed in my opinion no other coin will. Pretty much everybody who understands crypto currencies and the power behind them realizes they are the future whether they like it or not. Bitcoin will be around, therefore some altcoins will be around. It will succeed, it is only a matter of to which degree.

Well, the quick answer is Of course.
I believe one of the biggest problems bitcoin has is the last December mega-bubble. Many people invested in bitcoin in this month due to its high value, so many people lost their money, as expected.
From the past two days, we all have seen how the value of Bitcoin rises in a crazy manner ($1000 dollars in less than an hour don't see organic to me), and its fluctuations seem to have begun again. Nevertheless, the volatility on the prices are going to stay for a while, for this is, apparently, the nature of the ecosystem.
Now, regarding your question, Bitcoin doesn't need a chance. For this is already implemented, this is already an important part of the wide economy; because it is already there, and it is going to stay (maybe) forever.
Other coins can need a chance, as you expressed, but not Bitcoin. It is the king of the crypto.

Four months ago, Bitcoin had almost touched the $10,000  milestone. But since reaching a peak of $ 840 billion in early January, the market has plummeted to 70% and is not recovered since. All efforts are meaningless as the total market capitalization is still sliding down from the peak of $ 500 billion. However, Increased in crypto price now and crypto maket value of 22.2%.

What right in the past doesn’t right in the future. But it seems to be right in Bitcoin case. The average downtrend of this Coin is 71 days and the market, as the cycle returns, witness an uptrend. This was clearly demonstrated last month when the BTC rebounded 20% from the low point on February 26.

A slight recovery followed by a deep correction is a part of a two-month cycle of the crypto. Traders have been looking for a cause of the downtrend and even found evidence of a selloff occurred despite the news.


Laws and regulations are necessary but what Crypto need most right now is acceptance and permission for business. Analysists are also agreed that news of the wider acceptance of crypto can be used as a strategy to maintain the uptrend. Applications on improving transactions speed can be used with the same purpose.

 Still, Cryptocurrency will still an important field whether we can reach $ 1 trillion this year or not. The emergence of trade organization, the relentless promotion of ETFs reinforced by the bitcoin, and the commonality of blockchain, shows that a paradigm shift is underway. But It cannot tell the future of Bitcoin and the extension of the market.

At your point of view, Does Bitcoin have a chance?