Topic: Will Bitcoin hit $8k in December due to CME - page 3. (Read 1522 times)
I think 8k is lowballing it. If CME is a success, the price will be much higher by the end of the year, maybe around the $10k mark (i think this will take a while to get over because of the psychological barrier it will be, with many people taking profits).
I am very hopeful that it does rise and even exceed the said target being listed by OP, it's been a very not so good week when it comes to bitcoins with the whole confusion regarding the fork which was pulled and with investors are going to BCH. We are due for some good news in my opinion.
I think it will be more than 8k before December.
The fact that the CME will issue a future contract on BTC is a highly positive signal. It demonstrates that bitcoin is a trustworthy financial underlying, with enough liquidity and stability to be eligible for a Future contract.
It doesn't mean that the price will go up though: the value of bitcoin keeps depending on supply and demand; the price of the contract will follow its underlying. I would say that it might reduce the volatility of the currency since many investors will prefer to play on the future i/o the currency itself.
It doesn't mean that the price will go up though: the value of bitcoin keeps depending on supply and demand; the price of the contract will follow its underlying. I would say that it might reduce the volatility of the currency since many investors will prefer to play on the future i/o the currency itself.
Crypto futures may be just another exchange where crypto is traded. There probably won't be anything groundbreaking or noteworthy about it. Gold and equities futures markets trade in the off hours of their trading days. Crypto trading is 24/7. There will be no true futures market in crypto as trading hours aren't limited. Futures will be just another exchange. It probably won't matter at all.
The main relevence of crypto futures is, it could open the door to crypto ETF's (exchange traded funds) sooner rather than later. It could legitimize crypto and serve as an indirect endorsement.
The main relevence of crypto futures is, it could open the door to crypto ETF's (exchange traded funds) sooner rather than later. It could legitimize crypto and serve as an indirect endorsement.
after this massive dump, I think bitcoin price will pump soon, but I don't know if it hits upto $8k in December due to this CME, im hoping that this bitcoin price will hit more than $8k next year by any reason, traders from the other altcoin will surely comeback after they get what they want on that alts.
Don't know about CME, but barring some unforseen event i see bitcoin being somewhere between 8500-11500 come the end of this year/start of next.
Bitcoin will hit 8k in December but it won't necessarily be because of the CME. There are already half of the total supply of bitcoins that have been distributed and I heard a stat of about roughly 25% of those bitcoins being lost. If you think about that and how much supply is left and match it with the demand which is huge, this is the driving force of the price IMO.
I guess the launch of trading in bitcoin futures on the largest exchange, which is under the control of regulators, can help the crypto-currencies gain official status in the financial world!
Any guesses as to whether BTC can make another run during the 2nd week of December when CME is slated to go 'live' with the futures trading?
Seems like they've firmed the date up:
https://www.cryptocoinsnews.com/not-going-to-let-it-go-to-zero-cme-chief-downplays-fears-ahead-of-december-bitcoin-futures-launch/
Hopefully BTC will start another nice run and get out of the doldrums created by Ver and his gang.
Seems like they've firmed the date up:
https://www.cryptocoinsnews.com/not-going-to-let-it-go-to-zero-cme-chief-downplays-fears-ahead-of-december-bitcoin-futures-launch/
Hopefully BTC will start another nice run and get out of the doldrums created by Ver and his gang.
We are really hopefully the price of bitcoin will soar again before the end of next year and more positive as regards the second week in December. There has been a recent panic withdrawals probably due to the festive season approaching and people also wanting to convert to fiat and spend with ease. Believe with time when bitcoin is more accepted, then there can be stability during this periods without it affecting demand and supply. Also attributing the price fluctuations to the high transaction fees which I hear is now adjusting.
yes I believe in bitcoin progress will continue to increase despite the price decline but i'm optimistic at the end of this year bitcoin price will reach $ 8k after a few days ago had decreased and now it seems bitcoin pump back to increase the price of bitcoin
Tuff one. This could spike up to 8k easly but how long will it hold....
May it be the next bottom through dec., next year will be stunning.
May it be the next bottom through dec., next year will be stunning.
Any guesses as to whether BTC can make another run during the 2nd week of December when CME is slated to go 'live' with the futures trading?
Seems like they've firmed the date up:
https://www.cryptocoinsnews.com/not-going-to-let-it-go-to-zero-cme-chief-downplays-fears-ahead-of-december-bitcoin-futures-launch/
Hopefully BTC will start another nice run and get out of the doldrums created by Ver and his gang.
Seems like they've firmed the date up:
https://www.cryptocoinsnews.com/not-going-to-let-it-go-to-zero-cme-chief-downplays-fears-ahead-of-december-bitcoin-futures-launch/
Hopefully BTC will start another nice run and get out of the doldrums created by Ver and his gang.
I'm looking at 10,000 by maybe early next year. That's no doubt it will go 8,000 in the next few weeks. Once CME will run it will help boost bitcoin and it will become untouchable. I'm holding tight to my coins. I feel very positive on this.
I guess it will, but at the same time January will be super volatile, and it will probably have a correction not much later.
Why do you think January will be volatile? Just curious..not doubting. Post-holiday slump?
We are not future tellers so don't expect to get the right answer. However, I wouldn't be surprised if Bitcoin reached even $10000 by the end of this year. Bitcoin has a bright future, cryptocurrencies will take over the world in the future. Too many people have already invested in Bitcoin so it obviously can't decline to zero. It is just a matter of time before 0,001 BTC will become a huge amount of money.
I'm just asking mainly because I hope to see BTC break free from this whole attack by Ver and company and I'm excited that CME is firming up their timeline and showing their commitment.
The holiday season does worry me a little, but if it goes down, it will hopefully be a buying opportunity!
Still going to HODL very long term.
I can't wait until there's ETFs and eventually an option to invest via my retirement plan through work.
Now it is quite difficult to predict the price of bitcoin by the end of the year due to the activity of bitcoin cash developers and the movement of this coin. In addition, many began to sell bitcoin and partially invest in bitcoin cash. In this regard, bitcoin may be feverish for a while. This can slow down its further growth.
I think by the end of December we will see Bitcoin start to stabilize, more toward the $4,000 per coin. I think right now we are saying a "fake" high and it will eventually correct itself. Hopefully I am wrong just my thoughts on the subject.
I guess it will, but at the same time January will be super volatile, and it will probably have a correction not much later.
If Bitcoin hits CME in December , it is very likely we can see Bitcoin price at 9K USD. Because it will be a huge milestone for Bitcoin.
It can be that bitcoin will touch the 8k mark in coming december. And i think bitcoin will touch 10k in the next year.
There are many people were saying that BCH will cross btc but in the last of the day , bitcoin is running smoothly and it is going to touch 8k mark soon.
That's good news for me
There are many people were saying that BCH will cross btc but in the last of the day , bitcoin is running smoothly and it is going to touch 8k mark soon.
That's good news for me
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