Bitcoin price is a roller coaster the start of the year 2018. It goes up at first and stays then go down and stay and go up a bit then drop more so low and rapidly. Will it go up again in a loop then down and up again? We really dont know what will happen like we really dont know what the reason of the huge drop is. Is it the news? The bad news that affect the mind of investors or is it really manipulated? But why other altcoins price also dropped? We really dont know right? We just depending on big investors decisions. Their decisions will affect the bitcoin price also. But what do you think can affect those peoples mind in invested and selling their bitcoin? For sure the bad news and the good news they heard. The tweets of some influential people also affect them. Thats only my opinion.
There is this news I read on some source:
https://cointelegraph.com/news/cnbcs-ran-neuner-says-bitcoin-will-end-2018-at-50000, it says that CNBCs Ran Neuner stated that Bitcoin price will end in 2018 at $50,000. Ran Neuner for sure is an influential person because CNBC is a big name in the world and he the host. And in addition to that other (28) twenty eight most influential blockchain insider according to Richtopia, Tweeted that Bitcoin price will be $50,000 in 2018. I dont know if it will affect the price of Bitcoin or other crypto currency because as I check the CMC / Coinmarketcap.com list still on red percentage. I will just wait for next week update. Maybe this news will affect it soon.
What do you think? I doubt it can reach that value in this year. It depend to every investor who believe in bitcoin. I guess maybe it can reach in $30,000 this year.
If it can go from 2k to 20k then it can go from 8k to 50k.
I don't know about 50k but I think we will see a new high for sure.
But we should know that things always have certain limits, although bitcoin has shown us that it can achieve things that can not be imagined, it never makes us disappointed as long as we still put all trust in it. However, we should stay awake in this matter, we should not have blind faith, we must rely on the actual situation then analyze the future of bitcoin, $ 50000 is not a joke, the number of people who dare to buy and invest in it will certainly be very low, the danger is too big, whales will not let that price appear, it just makes the market very chaotic