Post
Topic
Board Speculation
Re: Bitcoin
by
futile-resistance
on 12/06/2018, 06:03:54 UTC
Bitcoin can reach 20000$ by the end of 2018 Huh Huh
I believe it can be!

You believe this, and this guy who insists on this too: Fundstrat’s 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


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 value of Bitcoin in the current time is 7.2k dollar which was on a constant increase few days ago but today that constant increase finished. Few days ago its value was 7.2k dollar and then 7.4k dollar and right after that the value reached at 7.7k dollar but fell down after that constant increase.

The Bitcoin fall is due to the decrease in demand and now as the value is low so more people will be attracting by this market and will help in increasing the future value.