Quote from: naidray on December 01, 2017, 07:03:27 AM

Quote from: HeRetiK on November 28, 2017, 01:12:17 PM

Quote from: duola9527 on November 28, 2017, 12:52:26 PM

Billionaire hedge fund legend and former Fortress executive Mike Novogratz believes the bitcoin price will easily reach $40,000 by 2018.what do you think?

Nahhh... I'd love to see it, but I think the market needs to cool down first. Reaching USD 10,000,- as soon as 2017 was already beyond my wildest expectations, I can't imagine the market keeping up like this. I'm really bullish, but I just can't.

I hope 2018 will be mostly sideways action, with a slight upwards trend. I fear we might enter a bear market soon. Either way, my guess for when BTC will reach USD 40,000,- will be 2021 the soonest, ie. after the halving of 2020.

It was actually beyond anyone's wildest expectations.
No one believed it could even happen sooner and so many of us expected that we may just get close to it before the year runs out.

I expect there would be some corrections very soon and just as you have said, nothing much may happen that much in 2018, but I would definitely leave some doors opened for surprises. If some news ends up as expected, sideways or huge corrections would be the last thing we will see on the charts.

Even accounting for surprises (as far as you can account for them) Bitcoin rarely reacts to news the way you expect it to react. The longer I watch Bitcoin, the more I realize how little I understand the market. I think I've become fairly good at guesstimating short- to mid-term bottoms (or at least I got lucky) but Bitcoin's chase for ever new ATHs will always remain a mystery to me. Not that I'm complaining, mind you. Best rollercoaster ticket ever.