Re: Realistically, how do you think bitcoin will perform this year?
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.