Why we will see $50k Bitcoin end of year - page 18.

Shutup

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Quote from: JRMtrader on August 06, 2018, 06:35:13 AM

The last time the CBOE launched a Bitcoin financial tool, futures, we saw $20k. Recently rising Bitcoin dominance shows people betting on the latest CBOE tool, ETF, being approved.

Bitcoin dominance is heading towards fifty percent by marketcap. What does this mean for the price and how should traders and investors view it? Marketcap is by far not the best metric to read dominance, but that doesn’t mean it can’t add value to your trading.

Latest Podcast Episode Discussing More Details

https://soundcloud.com/buy-or-sell-what-the-hell/does-bitcoin-dominance-matter-to-traders-35

Yes l dont quit on bitcoin l beleive bitcoin will reach $50k this year.l beleive in my faith to meet my expectations fom bitcoin.I will become rich from bitcoin just like my inspiration of millionaires produce by bitcoin.

DonFacundo

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That's too high for bitcoin in this year, if there is no dump happening in the past months maybe it could reach $50k in this year, but now bitcoin is still struggling to increase.

Direwolve735

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The main role in the restoration of the market is played by the legalization of the currency and the inflow of institutional money. Legalization is the main driving force of market demand and it directly affects the value of assets. I think that the cost of the first crypto currency near $10,000 - $15,000 is a reasonable goal at the end of the year, but up to $50,000 the price is unlikely to reach out. There are no prerequisites for this today.

icecream sandwich

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Quote from: monster2 on August 06, 2018, 06:40:55 AM

50k $ is too high before the end of this year so far to reach the price of a bitcoin because if this happens, many people will now hold bitcoin and earn big money.

I much preferred to support this thing because as whar I am seeing today the bitcoins is really struggling to ruse back up into the market and reaching their previous highest is almost impossible how much more to say that it can reached 50k if they cannot even go back to the 20k value. I am not being negative at all and I am not destrying the bitcoins I am just being realistic because it is hard to expect

haroldtee

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I would not use the dominance to qualify how the state of the market is going to be in the long or short run since that has to do more with price and circulating supply which also is somehow related to volume which can easily make these volume being transferred back to pump alts as I feel these are just some same people doing rinse and repeat across all the markets.

However, even asides all these, I do not see the possibility of setting new ATH record this year, let alone going as high as $50k at the end of the year. I may be wrong, but at least, that still is a whole lot reasonable considering the state of the market currently, because, whether you like it or not, this is the year of the bears.

Clemcout

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Quote from: Caladonian on August 07, 2018, 08:40:36 PM

Quote from: apityeh71 on August 07, 2018, 07:58:54 PM

Bitcoin ETF delayed to 30 of September, and this announcement just make the price keep going down. In my opinion is hard for BTC going up to $50K in the end of this year. In case Bitcoin ETF approved on 30 of september that mean only in 3 month BTC should be going up to 8 times more. If Bitcoin ETF approved the price possible to go to around $20k to $30k in december next month.

Who knows what will happen after the ETF, what we can do now is just to keep watching and monitor the current flow, if you believe that future will bring big to your investment then go for long term hold, but if you can manage to gain profits with small earnings playing with short term that's also good but really risky, 50k$ is worth to wait though.

The market value of bitcoin has just started to rise higher and that there is not much of the time left in this year. The market value of bitcoin has not even touched 10k $ for now and that I don’t think so that it will be possible for bitcoin to have this much rise in the market value in a time period of just 4 months. It will take lot more time to see the market value going to 50k $ or eve more.

Captain Crypto Pants

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As much as I want to see it hit $50k I don't think that it is possible this year. But in crypto who really knows? My strategy is to keep plugging along, buying every Saturday and dollar cost averaging with Bitcoin, Ethereum and Z Cash. And the occasional ŁiteCoin. Look at this price drop as your second chance to get in on the cheap. BTC

Rhaizan

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Quote from: gabmen on August 08, 2018, 11:53:47 PM

Quote from: rugrats on August 08, 2018, 04:02:02 AM

Given how it collapsed in only a couple of hours overnight I think people become more and more worried and are getting closer to the verge of desperation and losing faith so I hope this turns around quickly but I don't think it will reach that high.

I think we're far from losing faith and being desperate since we've been to worse times than this this year. This market definitely will test your patience but 50k is a bit too much to hope for this year. As things stand, we'd likely end up below 20k.

50k $ is not sure this year, this price is just a prediction but there is no assurance that it will happen at the end of the year, well many hodlers hoping it will happen, for me the recovery of bitcoin was enough even it don't reach 50$ .

gabmen

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Quote from: rugrats on August 08, 2018, 04:02:02 AM

Given how it collapsed in only a couple of hours overnight I think people become more and more worried and are getting closer to the verge of desperation and losing faith so I hope this turns around quickly but I don't think it will reach that high.

I think we're far from losing faith and being desperate since we've been to worse times than this this year. This market definitely will test your patience but 50k is a bit too much to hope for this year. As things stand, we'd likely end up below 20k.

rugrats

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Given how it collapsed in only a couple of hours overnight I think people become more and more worried and are getting closer to the verge of desperation and losing faith so I hope this turns around quickly but I don't think it will reach that high.

Gembul0705

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Since bitcoin price is unpredictable i think it really hard to get see the price of bitcoin reach ATH $50k at the end of year. It need so many effort to reach this price with the ETF still delayed until end of September, and we don't know what FUD again will be on the news in 4 months until December. But i hope we can reach maybe at $20k again so people would trust again in bitcoin the the target $50k will be reach soon.

panjay

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there's a few predictions from the said experts on crypto, they said bitcoin price will touch 30-50k in end of the year 2018, but who knows right, everything can happen

kakonhat

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I think $50K price for bitcoin is not possible at the end of this year. I am not an advisor or price predictor but I could assume the price according to BTC price rally. I hope the bitcoin price could go $25K at the end of this year. $50K expectation is too much for this year.

otunayode

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It's hard to say if bitcoin can break the ceiling if it's previous height in ten's of thousand! Anything can happen before the end of the year since bitcoin value is inherent and real!

pragna

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50k$ !!! its totally impossible i think. If there any miracle things happen in crypto market then it may happen. We just want to hit 20k$ as it hit before. There is no special news in market hat it may hit 50k. Maximum are not holding BTC as market is going down and market is fully stopped i can say. So at this time its like me foolish man word nothing else.

Flor1982

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Quote from: JRMtrader on August 06, 2018, 06:35:13 AM

The last time the CBOE launched a Bitcoin financial tool, futures, we saw $20k. Recently rising Bitcoin dominance shows people betting on the latest CBOE tool, ETF, being approved.

Bitcoin dominance is heading towards fifty percent by marketcap. What does this mean for the price and how should traders and investors view it? Marketcap is by far not the best metric to read dominance, but that doesn’t mean it can’t add value to your trading.

Latest Podcast Episode Discussing More Details

https://soundcloud.com/buy-or-sell-what-the-hell/does-bitcoin-dominance-matter-to-traders-35

Although this sounds good because everybody will love to see that price to happen but $50,000 is a very huge value with 4 months left before this year would end therefore i doubt it. Simpy because the more Bitcoin will reach the higher price it will become more expensive to purchase too which mean most of the small time investors will be force to shift to Altcoin which is much cheaper to purchase for an investment.

Caladonian

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Quote from: apityeh71 on August 07, 2018, 07:58:54 PM

Bitcoin ETF delayed to 30 of September, and this announcement just make the price keep going down. In my opinion is hard for BTC going up to $50K in the end of this year. In case Bitcoin ETF approved on 30 of september that mean only in 3 month BTC should be going up to 8 times more. If Bitcoin ETF approved the price possible to go to around $20k to $30k in december next month.

Who knows what will happen after the ETF, what we can do now is just to keep watching and monitor the current flow, if you believe that future will bring big to your investment then go for long term hold, but if you can manage to gain profits with small earnings playing with short term that's also good but really risky, 50k$ is worth to wait though.

apityeh71

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Bitcoin ETF delayed to 30 of September, and this announcement just make the price keep going down. In my opinion is hard for BTC going up to $50K in the end of this year. In case Bitcoin ETF approved on 30 of september that mean only in 3 month BTC should be going up to 8 times more. If Bitcoin ETF approved the price possible to go to around $20k to $30k in december next month.

Gdra467

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Predictions like this might only lead to FOMO. It's quite preferable if we had new investors joining because they see the long term benefits of bitcoin as a powerful liberating currency rather than a speculative currency.

narielle

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The question is, will it happen? I don't think the price will fluctuate in 50K usd at the end of this year because we are now in 3rd quarter of the year and only few months more before the year will end. The price of bitcoin going down from 8400 dollars up to 6700 dollars right now. I don't it can surpass its price last year because it will become hard for our economy to recover.

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