Topic: Will this year's bitcoin price potentially surpass the highs of last year? (Read 408 times)
July 17, 2018, 10:32:32 PM
The current price of Bitcoin hasn't been lower that the last year low yet, but it doesn't mean this year Bitcoin will set a new peak again, because the two situation is totally different. Last year Bitcoin peaked 20k$ in no time but all of the sudden it has been slopping up to now. Investors therefore will keep more vigilant for fear of the repetition of last year scenario.
July 17, 2018, 10:30:12 PM
If Bitcoin can created such a spectacular reversal, then it can generate a more surprising downtrend. We shouldn't hope such a surge. Instead, a sustainable growth is better.
To answer your question, I think the scenario of sudden peak like that is impossible 'cause the signals are unclear and not very optimistic.
To answer your question, I think the scenario of sudden peak like that is impossible 'cause the signals are unclear and not very optimistic.
July 17, 2018, 10:27:12 PM
Bitcoin is a long term investment and we can't expect such a surge this year! If Bitcoin grows sustainably, it will gradually go up, not peak all of the sudden and then dip more than half the value. Stay tuned with Bitcoin!
July 17, 2018, 02:47:39 PM
Last year. Bitcoin price reached 19800$ is the highest price. And this year I think the bitcoin price will exceed 20,000$ when the market starts recovering. In the past 2 days, bitcoin prices have gone up positively. Believe that the market will soon recover and may break this price
July 17, 2018, 11:44:37 AM
In theory, this can happen. But for Bitcoin's current situation, it's hard to overcome $ 20,000 this year. Because in 2018, the number of participants investing in the cryptocurrency market has fallen sharply compared to the end of 2017.
The shenannigans with the high fees at the end of last year (where in some cases people were paying $1000 in fees to move coins) really damaged bitcoin, and we haven't recovered from that.
It will take a couple of years for the bad memories to fade.
That was a nightmare. Almost no one wanted to make any transactions during that time because of the high transaction fees. They were really crazy, the fees didn’t make it worth it to make a transfer. It has made others think that bitcoin would no longer progress due to those kind of fees unless a solution is made. Along with long confirmation time, bitcoin is rendered nearly useless by then. It’s a good thing it has changed for now even with a lower price.
July 17, 2018, 11:17:32 AM
A small recovery may be possible, but surge over last year record price is pie in the sky! At the current rate, I'm not optimistic enough to affirm that this year Bitcoin will create a reversal.
July 17, 2018, 10:59:41 AM
In general, over the past 6 months, Bitcoin has drastically dropped in value. Although it had a small recovery one week ago, it has kept plunged in price after that. I haven't seen any signals showing that it recovers, not to mention that it can surpass last year peak or not.
July 14, 2018, 05:47:44 AM
this is perfectly inside the realms of possibility and we may very well see that happen but such rises like that are not natural. you can not expect for price to reverse up and just turn into a gigantic rally and set a new record.
of course if price currently was above $10k it could have been a different story but now that we are not, even if you agree that bitcoin is extremely underpriced, it still would take a longer time to start the engines up and gain that momentum that leads to a new ATH
of course if price currently was above $10k it could have been a different story but now that we are not, even if you agree that bitcoin is extremely underpriced, it still would take a longer time to start the engines up and gain that momentum that leads to a new ATH
July 14, 2018, 04:23:50 AM
Bitcoin continues to experience pressure after approaching the fifth month of a bearish moving average.
Bitcoin was trading at $ 7.881.40, falling 4.27% on Wednesday (04/23) on the Bitfinex exchange.
The five-month moving average of Bitcoin was at $ 8.916, and the 10-month moving average was at $ 8.379, well off the high of nearly $ 20,000 in December. A fall in prices usually indicates lower price movements in the long run, some analysts said.
Total market capitalization totaled $ 344 billion, down from $ 382 billion on Tuesday.
Other digital coins are also moving lower. Ethereum, the world's second largest cryptocurrency by market capitalization, shed 10.36% to $ 620.25 on Bitfinex exchange. Ripple, the third largest virtual currency, tumbled 8.60% to $ 0.61299 while Litecoin was at $ 124.26 with a 6.57% jump.
The instability of the digital asset market could be more about how investors view than other factors that typically impact fiat currencies, a research paper from the University of Warwick suggests.
Trading volumes are driven by past returns and market uncertainty, while confidence in blockchain and digital currency technology also impacts prices.
Bitcoin was introduced in 2008and since then its valuation has increased and to the very surprise , in the last few months of last year and specifically in the last December, its valuation has been inflated to a very great extent and that time I was also repenting that why I am not owning a bitcoin but then this year doesn’t bring any good news for bitcoin because I think valuation has been deflated to very low extent but now the good news that it has again started inflating and according to some wise economists it will further inflate in the coming months of this year. Bitcoin was trading at $ 7.881.40, falling 4.27% on Wednesday (04/23) on the Bitfinex exchange.
The five-month moving average of Bitcoin was at $ 8.916, and the 10-month moving average was at $ 8.379, well off the high of nearly $ 20,000 in December. A fall in prices usually indicates lower price movements in the long run, some analysts said.
Total market capitalization totaled $ 344 billion, down from $ 382 billion on Tuesday.
Other digital coins are also moving lower. Ethereum, the world's second largest cryptocurrency by market capitalization, shed 10.36% to $ 620.25 on Bitfinex exchange. Ripple, the third largest virtual currency, tumbled 8.60% to $ 0.61299 while Litecoin was at $ 124.26 with a 6.57% jump.
The instability of the digital asset market could be more about how investors view than other factors that typically impact fiat currencies, a research paper from the University of Warwick suggests.
Trading volumes are driven by past returns and market uncertainty, while confidence in blockchain and digital currency technology also impacts prices.
July 13, 2018, 12:09:04 PM
In theory, this can happen. But for Bitcoin's current situation, it's hard to overcome $ 20,000 this year. Because in 2018, the number of participants investing in the cryptocurrency market has fallen sharply compared to the end of 2017.
The shenannigans with the high fees at the end of last year (where in some cases people were paying $1000 in fees to move coins) really damaged bitcoin, and we haven't recovered from that.
It will take a couple of years for the bad memories to fade.
July 13, 2018, 11:49:25 AM
I think, by the end of 2018 or early 2019 bitcoin has the potential to rise above 2017, besides the technical reasons of analysis I think many investors are in cryptocurrency more than last year. especially with the many ICO projects and many investors who hold their tokens. logically, if the investor is profit then will exchange the token in the form of bitcoin. if that happens the market will experience massive demand and make bitcoin value higher.
July 13, 2018, 11:42:05 AM
It sure can. The value of btc can be very unexpected because of its volatile nature. Also as bitcoin becomes more popular it can rise again in price. Nobody can still know the future though, let's just be positive and hope it does happen as it will benefit all of us here.
July 13, 2018, 11:38:38 AM
I believe that by the end of 2018, the Bitcoin rate will beat the record in December 2017 and rise to $30,000. Most investors are once again becoming more active and will show an upward trend in purchases, which may be higher than the level of the end of last year.
July 13, 2018, 11:30:28 AM
Well with Bitcoin nobody really knows, after the highs of last year a lot of weak hands entered the market. As soon as all of them leave we will rise again.
Its possible that the price of bitcoin this year will surpass last year price, because we were just in the month of july, there are many more things to come on the remaining months of this year, like last year, the price of bitcoin increase before the year ends. Hope that to happen again this year. 
July 13, 2018, 11:24:15 AM
I think the Bitcoin price of 2018 will never be able to pass Bitcoin's highest bid in late 2017. By the end of 2017, the market trend has made Bitcoin prices rise. But by the beginning of 2018, everyone gives up Bitcoin and withdraw from the crypto market
I agree, for me it's impossible for bitcoin to reach the price that happened in 2017, maybe we can assume that it might hit $10,000 by the end of the year 2018. And I hope that the price that occur in 2017 happen again. A lot of people lose hope and withdraws from the crypto market, but some investors and holders are still waiting for the right opportunity, and they stay positive even though there's a lot of loss. July 13, 2018, 09:15:54 AM
i hope so, but for me i think it will not surpass. it will just go down then up again but surpass? nah.
July 13, 2018, 06:36:39 AM
Well with Bitcoin nobody really knows, after the highs of last year a lot of weak hands entered the market. As soon as all of them leave we will rise again.
July 13, 2018, 06:30:04 AM
Not possible for this years bitcoins price to bypass last years high. Last years bitcoins highest price is the highest ever in bitcoins price history and hope it will continue to be so in the years to come too.
July 13, 2018, 06:25:59 AM
I think the Bitcoin price of 2018 will never be able to pass Bitcoin's highest bid in late 2017. By the end of 2017, the market trend has made Bitcoin prices rise. But by the beginning of 2018, everyone gives up Bitcoin and withdraw from the crypto market
July 13, 2018, 06:15:16 AM
In theory, this can happen. But for Bitcoin's current situation, it's hard to overcome $ 20,000 this year. Because in 2018, the number of participants investing in the cryptocurrency market has fallen sharply compared to the end of 2017.
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