I read news about Bitcoin, I did some analysation and I can say that this year Bitcoin should hit maximum 30k USD in value. I also think that average price of Bitcoin will be around 11K~15k USD.
Now let's explain why? - from my point of view.
Since the price of Bitcoin rise, we can see more charges and according to those businesspeople who attending to purchase, instantly looking for alternatives where they wouldn't be charged a lot(now we can see that other cryptocurrencies prices are in increase).
Bitcoin got huge media attention, so we can practically see every single news are about Bitcoin on the top of popular sites. That media attention is blade with two edges(this can change the price of Bitcoin drastically).
Now we have other cryptocurrencies in the game, so the price of Bitcoin should get some sort of average price form.
Topic: Realistically, how do you think bitcoin will perform this year? - page 2. (Read 581 times)
January 23, 2018, 11:12:38 PM
January 23, 2018, 10:40:53 PM
You did not get comments obviously because no one can know exactly how bitcoin will end up fairing this year. We can only be optimistic that with segwit being increasingly adopted and LN in the picture, things can get better but who knows what the outcome of all these will still end up as?
Early last year, if you had ask me this question, do you think it would have been realistic if I mentioned to you that bitcoin would hit almost $20k? No one would have even believed $10k. I guess we just have to wait and see, hoping that we get another nice ride this year but I won't be too relaxed waiting for it, so I will rather just follow trends and wherever it leads us, good and fine.
Early last year, if you had ask me this question, do you think it would have been realistic if I mentioned to you that bitcoin would hit almost $20k? No one would have even believed $10k. I guess we just have to wait and see, hoping that we get another nice ride this year but I won't be too relaxed waiting for it, so I will rather just follow trends and wherever it leads us, good and fine.
What nl247 said is on point, knowing how Bitcoin works, this is one of the questions you shouldn't hope for a "realistic" answer as we all know the nature of Bitcoin. The first month of the new year is nearing its end, but that doesn't mean we can get a concrete idea of how the performance of Bitcoin will be throughout the year. Predicting how Bitcoin rates are affected tomorrow is hard to know, how much more for the whole year? Always know that Bitcoin is incorporated with uncertainty and just like what nl247 said, we can only observe and hope for the best.
January 23, 2018, 10:22:44 PM
My prediction:
Slow grind down for 6-8 more weeks, one final dump to scare the fk all out of the market (probably dip $7-8k-ish), and then the downtrend will be broken. Then a little up, and then pretty much sideways for 3-4 more months.
The thing about momentum trades is once they top and pop, they never will return to your market until a new bottom is found and the downtrend has reversed. This usually takes a LOT longer than most people have the patience for.
It makes sense. I think the real bullish trigger will need to come from lightning network, and as long as we don't have that, we'll keep hovering within $10,000 (could even be sub $10,000) and the $15,000 mark comfortably.Slow grind down for 6-8 more weeks, one final dump to scare the fk all out of the market (probably dip $7-8k-ish), and then the downtrend will be broken. Then a little up, and then pretty much sideways for 3-4 more months.
The thing about momentum trades is once they top and pop, they never will return to your market until a new bottom is found and the downtrend has reversed. This usually takes a LOT longer than most people have the patience for.
If we're completely honest and look at the market from an unbiased (ie, non exaggerated bullish) perspective, we are still holding strong and belong exactly where we are right now.
This longer period of a non upwards moving market allows people to consistently accumulate coins at these 'lower' levels. If people don't use this time to accumulate, I seriously don't know what they are doing here.
It's a fantastic opportunity. Especially for those who bought at much higher levels. If you buy now, you will automatically lower your overall entry price. It's just a matter of logical thinking.
I wouldn't mind a slightly bearish market for the next couple of months. I feel like we really needed it after the insane growth. We will also be able to see who's here for the money and who really is bullish on the technology. We musn't forget that $10K still is a damn nice price. When you would ask me in march of last year where I'd like to see bitcoin I would've told you $3K a piece would be nice and $5K would be very optimistic and yet here we stand. We tend to take the insane gains for granted.
Absolutely. A lot of people are here just for the prospect of making money quick. They see bitcoin just like any other investment opportunities and even compare it to an affiliate marketing scheme like bitconnect. That really angers me, since they haven't done any research about what bitcoin is and they are starting to invest. Sure, bitcoin can be a great investment and has proven to be, but its main agenda is to provide a decentralized means of exchange for people.
I honestly think that bitcoin won't crash a lot further, even if it does it'll probably stop at $5k at the worst, which is still up 5x from last year. But more than likely, bitcoin will go up to around $15-20k and hopefully, have some support base at that level.
At the end of the day, fiat valuation of bitcoin is unfair and redundant for the long term.
January 23, 2018, 09:38:50 PM
I'm expecting 25k around March, 50k by May, and something between 70-100k by the end of the year.
But we will have more volatility than before. Price is already doing swings of four digits, going from 13k to 11k in a matter of hours.
One thing that I want for bitcoin is to decrease the fees. LN can solve that, as most users will be on smartphones, not running nodes. This will unclog the legacy chain.
Another thing I want is smart contracts for bitcoin, to increase its security and made it more trustless. Conditioned payments is the future.
But we will have more volatility than before. Price is already doing swings of four digits, going from 13k to 11k in a matter of hours.
One thing that I want for bitcoin is to decrease the fees. LN can solve that, as most users will be on smartphones, not running nodes. This will unclog the legacy chain.
Another thing I want is smart contracts for bitcoin, to increase its security and made it more trustless. Conditioned payments is the future.
This seems highly optimistic, I don't see any indication of why we'll reach $50k by March personally. Do you have any evidence to back up your predictions, as the LN isn't anywhere close to mainstream yet.
There's probably very little chance of us reaching 50k by March. Even if lightning network was released tomorrow it wouldn't even lead me to believe such a thing could happen.
i think thats not going to happen as bitcoin values tend to drop more and become stagnant for weeks and even months . now were closing to february but bitcoin seems the same , nothing more nothing less so i guess 50k by march is just a plain imagination and merely a dream that wont come to reality but still lets just hope for a better tommmorow that may come to bitcoin. overall even though bitcoins dumps it is still a good advanatge for most of us as they can now purchase bitcoin in a cheaper price.
January 23, 2018, 03:58:51 PM
I'm expecting 25k around March, 50k by May, and something between 70-100k by the end of the year.
But we will have more volatility than before. Price is already doing swings of four digits, going from 13k to 11k in a matter of hours.
One thing that I want for bitcoin is to decrease the fees. LN can solve that, as most users will be on smartphones, not running nodes. This will unclog the legacy chain.
Another thing I want is smart contracts for bitcoin, to increase its security and made it more trustless. Conditioned payments is the future.
But we will have more volatility than before. Price is already doing swings of four digits, going from 13k to 11k in a matter of hours.
One thing that I want for bitcoin is to decrease the fees. LN can solve that, as most users will be on smartphones, not running nodes. This will unclog the legacy chain.
Another thing I want is smart contracts for bitcoin, to increase its security and made it more trustless. Conditioned payments is the future.
This seems highly optimistic, I don't see any indication of why we'll reach $50k by March personally. Do you have any evidence to back up your predictions, as the LN isn't anywhere close to mainstream yet.
There's probably very little chance of us reaching 50k by March. Even if lightning network was released tomorrow it wouldn't even lead me to believe such a thing could happen.
January 23, 2018, 03:51:18 PM
We will also be able to see who's here for the money and who really is bullish on the technology.
I think it's clear already that the far majority of the people here don't care about Bitcoin's technological capabilities. It has been like that from the moment I entered the crypto world, and it's still like that today. In order to value Bitcoin's technological capabilities, you have to understand at least the very basics, and that alone is already a near impossible task for those just caring about their insignificant shitty fiat investment. These people are happy when they cashed out their profits, and have the fiat sitting in their bank account. The only thing they do is complain about the high transaction fees....
We musn't forget that $10K still is a damn nice price. When you would ask me in march of last year where I'd like to see bitcoin I would've told you $3K a piece would be nice and $5K would be very optimistic and yet here we stand. We tend to take the insane gains for granted.
Absolutely! Seriously, my target for 2017 would be $2k and $3k tops. Instead, we have seen the market nearly reach $20k during a crazy bull run. If we would have reached $5k today as all time high, the market would be in euphoric state, but now we have gone down from $20k to now $11k, we have gone down a lot, we're in a bear market, Bitcoin is losing popularity, etc. People have been far too spoiled, and they are stupid.
January 23, 2018, 03:25:05 PM
So, as many are well aware, Bitcoin saw a huge rise in 2017, peaking over $20,000 in some regions;
Of course, it would be tremendous to see those kinds of gains again in 2018, but with regulatory pressure coming down hard, bitcoin has in more difficult waters than ever before.
With segwit acceptance increasing, and the advent of the lightning network likely by year end, how does bitcointalk think BTC will perform this year, and why?
This year will be great for bitcoin, infact every year Bitcoin price will keep increasing.. Of course, it would be tremendous to see those kinds of gains again in 2018, but with regulatory pressure coming down hard, bitcoin has in more difficult waters than ever before.
With segwit acceptance increasing, and the advent of the lightning network likely by year end, how does bitcointalk think BTC will perform this year, and why?
January 23, 2018, 03:23:09 PM
My prediction:
Slow grind down for 6-8 more weeks, one final dump to scare the fk all out of the market (probably dip $7-8k-ish), and then the downtrend will be broken. Then a little up, and then pretty much sideways for 3-4 more months.
The thing about momentum trades is once they top and pop, they never will return to your market until a new bottom is found and the downtrend has reversed. This usually takes a LOT longer than most people have the patience for.
It makes sense. I think the real bullish trigger will need to come from lightning network, and as long as we don't have that, we'll keep hovering within $10,000 (could even be sub $10,000) and the $15,000 mark comfortably.Slow grind down for 6-8 more weeks, one final dump to scare the fk all out of the market (probably dip $7-8k-ish), and then the downtrend will be broken. Then a little up, and then pretty much sideways for 3-4 more months.
The thing about momentum trades is once they top and pop, they never will return to your market until a new bottom is found and the downtrend has reversed. This usually takes a LOT longer than most people have the patience for.
If we're completely honest and look at the market from an unbiased (ie, non exaggerated bullish) perspective, we are still holding strong and belong exactly where we are right now.
This longer period of a non upwards moving market allows people to consistently accumulate coins at these 'lower' levels. If people don't use this time to accumulate, I seriously don't know what they are doing here.
It's a fantastic opportunity. Especially for those who bought at much higher levels. If you buy now, you will automatically lower your overall entry price. It's just a matter of logical thinking.
I wouldn't mind a slightly bearish market for the next couple of months. I feel like we really needed it after the insane growth. We will also be able to see who's here for the money and who really is bullish on the technology. We musn't forget that $10K still is a damn nice price. When you would ask me in march of last year where I'd like to see bitcoin I would've told you $3K a piece would be nice and $5K would be very optimistic and yet here we stand. We tend to take the insane gains for granted.
January 23, 2018, 03:01:29 PM
So, as many are well aware, Bitcoin saw a huge rise in 2017, peaking over $20,000 in some regions;
Of course, it would be tremendous to see those kinds of gains again in 2018, but with regulatory pressure coming down hard, bitcoin has in more difficult waters than ever before.
With segwit acceptance increasing, and the advent of the lightning network likely by year end, how does bitcointalk think BTC will perform this year, and why?
Of course, it would be tremendous to see those kinds of gains again in 2018, but with regulatory pressure coming down hard, bitcoin has in more difficult waters than ever before.
With segwit acceptance increasing, and the advent of the lightning network likely by year end, how does bitcointalk think BTC will perform this year, and why?
At this time its really not the right time to predict on what not will the year run and how smooth or rough its going to be but one thing is sure either route is not going to be easy because we have had a poor start in my own opinion and everything happening does not suggest that might likely change because the market is just dull generally but all we can do is to wait for the market to lick up itself. When that happen, the likely possible outcome can be known.
January 23, 2018, 01:49:07 PM
My prediction:
Slow grind down for 6-8 more weeks, one final dump to scare the fk all out of the market (probably dip $7-8k-ish), and then the downtrend will be broken. Then a little up, and then pretty much sideways for 3-4 more months.
The thing about momentum trades is once they top and pop, they never will return to your market until a new bottom is found and the downtrend has reversed. This usually takes a LOT longer than most people have the patience for.
Slow grind down for 6-8 more weeks, one final dump to scare the fk all out of the market (probably dip $7-8k-ish), and then the downtrend will be broken. Then a little up, and then pretty much sideways for 3-4 more months.
The thing about momentum trades is once they top and pop, they never will return to your market until a new bottom is found and the downtrend has reversed. This usually takes a LOT longer than most people have the patience for.
Sounds reasonable.
I also think we will see another downwards push to scare the last remaining weak hands out of the market. And after that we'll probably go sideways until june or july.
Right now all the newcomers' believe in Bitcoin and their patience will be tested.
The big money wants the noobs and crypto kiddies out of the market. This is pretty obvious imo.
So either you have strong hands and can go through that, no matter how hard it will be for some out there, or they just leave and will regret it big in 2 years.
Doesn't it appear that the newcomers that were caught in the push to $20k have probably cashed out and actualized their losses, maybe these people will be unlikely to jump back on the bandwagon when bitcoin starts recovering, hence the overall pool of possible newcomers is reduced with every crash, due to the amount of noobs being burned each time.
January 22, 2018, 11:51:28 AM
My prediction:
Slow grind down for 6-8 more weeks, one final dump to scare the fk all out of the market (probably dip $7-8k-ish), and then the downtrend will be broken. Then a little up, and then pretty much sideways for 3-4 more months.
The thing about momentum trades is once they top and pop, they never will return to your market until a new bottom is found and the downtrend has reversed. This usually takes a LOT longer than most people have the patience for.
Slow grind down for 6-8 more weeks, one final dump to scare the fk all out of the market (probably dip $7-8k-ish), and then the downtrend will be broken. Then a little up, and then pretty much sideways for 3-4 more months.
The thing about momentum trades is once they top and pop, they never will return to your market until a new bottom is found and the downtrend has reversed. This usually takes a LOT longer than most people have the patience for.
Sounds reasonable.
I also think we will see another downwards push to scare the last remaining weak hands out of the market. And after that we'll probably go sideways until june or july.
Right now all the newcomers' believe in Bitcoin and their patience will be tested.
The big money wants the noobs and crypto kiddies out of the market. This is pretty obvious imo.
So either you have strong hands and can go through that, no matter how hard it will be for some out there, or they just leave and will regret it big in 2 years.
January 22, 2018, 11:49:39 AM
My prediction:
Slow grind down for 6-8 more weeks, one final dump to scare the fk all out of the market (probably dip $7-8k-ish), and then the downtrend will be broken. Then a little up, and then pretty much sideways for 3-4 more months.
The thing about momentum trades is once they top and pop, they never will return to your market until a new bottom is found and the downtrend has reversed. This usually takes a LOT longer than most people have the patience for.
It makes sense. I think the real bullish trigger will need to come from lightning network, and as long as we don't have that, we'll keep hovering within $10,000 (could even be sub $10,000) and the $15,000 mark comfortably.Slow grind down for 6-8 more weeks, one final dump to scare the fk all out of the market (probably dip $7-8k-ish), and then the downtrend will be broken. Then a little up, and then pretty much sideways for 3-4 more months.
The thing about momentum trades is once they top and pop, they never will return to your market until a new bottom is found and the downtrend has reversed. This usually takes a LOT longer than most people have the patience for.
If we're completely honest and look at the market from an unbiased (ie, non exaggerated bullish) perspective, we are still holding strong and belong exactly where we are right now.
This longer period of a non upwards moving market allows people to consistently accumulate coins at these 'lower' levels. If people don't use this time to accumulate, I seriously don't know what they are doing here.
It's a fantastic opportunity. Especially for those who bought at much higher levels. If you buy now, you will automatically lower your overall entry price. It's just a matter of logical thinking.
January 22, 2018, 11:15:14 AM
My prediction:
Slow grind down for 6-8 more weeks, one final dump to scare the fk all out of the market (probably dip $7-8k-ish), and then the downtrend will be broken. Then a little up, and then pretty much sideways for 3-4 more months.
The thing about momentum trades is once they top and pop, they never will return to your market until a new bottom is found and the downtrend has reversed. This usually takes a LOT longer than most people have the patience for.
Slow grind down for 6-8 more weeks, one final dump to scare the fk all out of the market (probably dip $7-8k-ish), and then the downtrend will be broken. Then a little up, and then pretty much sideways for 3-4 more months.
The thing about momentum trades is once they top and pop, they never will return to your market until a new bottom is found and the downtrend has reversed. This usually takes a LOT longer than most people have the patience for.
January 22, 2018, 10:01:08 AM
I'm expecting 25k around March, 50k by May, and something between 70-100k by the end of the year.
But we will have more volatility than before. Price is already doing swings of four digits, going from 13k to 11k in a matter of hours.
One thing that I want for bitcoin is to decrease the fees. LN can solve that, as most users will be on smartphones, not running nodes. This will unclog the legacy chain.
Another thing I want is smart contracts for bitcoin, to increase its security and made it more trustless. Conditioned payments is the future.
But we will have more volatility than before. Price is already doing swings of four digits, going from 13k to 11k in a matter of hours.
One thing that I want for bitcoin is to decrease the fees. LN can solve that, as most users will be on smartphones, not running nodes. This will unclog the legacy chain.
Another thing I want is smart contracts for bitcoin, to increase its security and made it more trustless. Conditioned payments is the future.
This seems highly optimistic, I don't see any indication of why we'll reach $50k by March personally. Do you have any evidence to back up your predictions, as the LN isn't anywhere close to mainstream yet.
January 22, 2018, 05:51:08 AM
Bitcoin is the most valuable cryptocurrency in the world, and we are all assuming and expecting a good outcome about it just like how it perform last year. Well, value rely entirely in us, so let us just ask ourselves about it "how we are able to make the performance last year to do same thing this year'' let us not wait, let us act so it will 'REALLY' happen.
According to the experts, bitcoin will have a good performance this year. There are only factors that have caused its price early this year like the stock market supply and demand. But eventually it be stable and its votality will be lessercompared to what happened today. So, I believe that the experts in cryptocurrency are right. And there is nothing to worry about.
As mostly it is driven by the demand and supply and demand will keep reducing as right from the beginning of the year we had South Korean getting stricter with the norms, Now its France and Germany who have decided to crackdown on btc thus it is putting a near end for its citizens if they decided to ban or if put regulation it will be much better for the bitcoin world. So may be we can have a negative impact of all this news on the price and may be it may rise and fall back again with such types of news if it keeps happening.
January 22, 2018, 05:38:23 AM
So, as many are well aware, Bitcoin saw a huge rise in 2017, peaking over $20,000 in some regions;
Of course, it would be tremendous to see those kinds of gains again in 2018, but with regulatory pressure coming down hard, bitcoin has in more difficult waters than ever before.
With segwit acceptance increasing, and the advent of the lightning network likely by year end, how does bitcointalk think BTC will perform this year, and why?
Of course, it would be tremendous to see those kinds of gains again in 2018, but with regulatory pressure coming down hard, bitcoin has in more difficult waters than ever before.
With segwit acceptance increasing, and the advent of the lightning network likely by year end, how does bitcointalk think BTC will perform this year, and why?
I expect the price of bitcoin to stay in between $8000 and $30000, there may be fluctuations that are outside of that bracket but that would be something that is temporary and short lived, as the pendulum should always return to its initial range eventually. Just like this dump, even though the price has gone under $10k, it didn't mean that it went under for long because the real support is at $10k mostly.
It's hard to predict exactly what will happen, since there are so many outside influencers that can't be predicted in the month of january like governments. I think that the price increase will slow down compared to last year, aka no more doubling every 3 months this year. But bitcoin should still see daylight from this bear market right now, climb to $15k-16k, and the challenge the $20k barrier again.
For an investor, your portfolio should be designed to work in every scenario, and no scenario should result in you losing all of your money. Don't put your eggs in one basket, even if it's bitcoin.
Yes I hope bitcoin also can reach $ 20,000 or $ 40,000 in this year. I see in this month bitcoin increase slowly, but I sure in a few month later bitcoin will increase fast. Because the price down so many investors will buy again bitcoin for invest. Some country still problem about the government ban bitcoin, it will a little bit effect about the price. But you said "don't put your eggs in one basket", I agree with this statement, because if one basket have problem, you don't have another basket again to support you. So will be better have 2 or 3 basket for investment.
January 22, 2018, 04:48:14 AM
So, as many are well aware, Bitcoin saw a huge rise in 2017, peaking over $20,000 in some regions;
Of course, it would be tremendous to see those kinds of gains again in 2018, but with regulatory pressure coming down hard, bitcoin has in more difficult waters than ever before.
With segwit acceptance increasing, and the advent of the lightning network likely by year end, how does bitcointalk think BTC will perform this year, and why?
Of course, it would be tremendous to see those kinds of gains again in 2018, but with regulatory pressure coming down hard, bitcoin has in more difficult waters than ever before.
With segwit acceptance increasing, and the advent of the lightning network likely by year end, how does bitcointalk think BTC will perform this year, and why?
I expect the price of bitcoin to stay in between $8000 and $30000, there may be fluctuations that are outside of that bracket but that would be something that is temporary and short lived, as the pendulum should always return to its initial range eventually. Just like this dump, even though the price has gone under $10k, it didn't mean that it went under for long because the real support is at $10k mostly.
It's hard to predict exactly what will happen, since there are so many outside influencers that can't be predicted in the month of january like governments. I think that the price increase will slow down compared to last year, aka no more doubling every 3 months this year. But bitcoin should still see daylight from this bear market right now, climb to $15k-16k, and the challenge the $20k barrier again.
For an investor, your portfolio should be designed to work in every scenario, and no scenario should result in you losing all of your money. Don't put your eggs in one basket, even if it's bitcoin.
January 22, 2018, 01:58:50 AM
Every year, bitcoin has different performance level and this year might also differ from last year. Last year bitcoin had its one of the best performance by reaching many all-time highs that peak to almost $20k last december before slowing down for price correction. This year performance will still depend on supply and demand and positive factors that will boost bitcoin price. Repeating its last year's performance wil remain to be seen as bitcoin price still consolidating. I think this year's bitcoin performance will again differ from last year.
January 21, 2018, 11:34:13 PM
Bitcoin is the most valuable cryptocurrency in the world, and we are all assuming and expecting a good outcome about it just like how it perform last year. Well, value rely entirely in us, so let us just ask ourselves about it "how we are able to make the performance last year to do same thing this year'' let us not wait, let us act so it will 'REALLY' happen.
According to the experts, bitcoin will have a good performance this year. There are only factors that have caused its price early this year like the stock market supply and demand. But eventually it be stable and its votality will be lessercompared to what happened today. So, I believe that the experts in cryptocurrency are right. And there is nothing to worry about.
January 21, 2018, 05:35:22 PM
Bitcoin is the most valuable cryptocurrency in the world, and we are all assuming and expecting a good outcome about it just like how it perform last year. Well, value rely entirely in us, so let us just ask ourselves about it "how we are able to make the performance last year to do same thing this year'' let us not wait, let us act so it will 'REALLY' happen.
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