Quote from: BitcoinNewbie15 on June 09, 2018, 03:08:51 AM

Quote from: Slow death on June 08, 2018, 08:26:44 PM

Quote from: ngotienvinh on June 03, 2018, 09:48:24 AM

Bitcoin can reach 20000$ by the end of 2018 Huh

I believe it can be!

You believe this, and this guy who insists on this too: Fundstrats Lee Admits Poor Prediction of Bitcoin Rally, Still Expects $25k Price by Year End

But I do not think we will reach the price of more than $ 18,000 by the end of this year and my reasons are only two:

1 - The pressure of governments and lack of clear laws on crypto
2 - Banks that are intensifying their pursuit against bitcoin

Quote from: shulio on June 08, 2018, 03:48:06 PM

I do not think we will see 20000 dollars again this year.

I agree

Well, I think I have a slightly different view on those two points you have brought up. I mean, $18,000 by end of the year is unlikely IMO, but it is still a possibility. Here are my responses to some of the points you raised.

Quote from: Slow death

1 - The pressure of governments and lack of clear laws on crypto

There currently aren't clear laws on crypto but that has always been true since Bitcoins inception in 2009. If anything, in the near future these laws on crypto will become clearer than they have ever been. This is good, more regulation legitimizes Bitcoin.

Quote from: Slow death

2 - Banks that are intensifying their pursuit against bitcoin

Banks have just blocked credit card purchases of crypto. This is perfectly reasonable. Just like how you can't buy stock with credit cards. Banks will not outright block crypto, and if they do, the free market will pick the banks that don't block it. If a bank blocks anyone from buying crypto, this won't have a long-term negative effect.

While I personally do think $18,000 at end of the year is unlikely, it is definitely still possible and not completely ruled out. I have been wrong in the past, and no one really can accurately speculate. it is all just a guessing game, no one knows anything.

The price of Bitcoin few months ago got stable and this is due to a sort of equilibrium in the market as the rate of demand when increased the same time it decreased the same and formed equilibrium so the stability occurred. Now the price has dropped at 6.2k dollar and this price is highly achievable with low charges.

As long as the Bitcoin is responding people will not going to stop it demanding, the present conditions are situational and we need to wait some more time like we did and seen recoveries in the past.