Quote from: MalakEnay on July 08, 2018, 06:46:20 PM

Quote from: bigbosma on February 20, 2018, 07:48:47 PM

Dear friends. Newbie here. Tell me, is it true that the bitcoin for a few days/weeks will be able to achieve cost 20000$? A lot of people writes about it. Is it profitable to buy bitcoin now or is it better to wait still?

In the fall, before the strong growth of bitcoin, I already advised my friend to buy bitcoin once and he did not regret it. Will my advice be relevant now?

From my personal point of view the price of bitcoin will remain volatile for quite some time and therefore we will continue to see these big corrections since the market is still very new and still needs a lot to reach the necessary maturity to be less volatile, but I am convinced that this year we will see prices well above $20,000, and the most conservative expectations see it around $30,000 this year, so your investment advice to your friends is very good.

I know that everyone is very bullish about bitcoin. However, its really hard to say if we are going to cross $20K because we have been struggling since the beginning of the year and price fall from $19K to $6K.

What we should do is just continue to monitor the price. Currently the price this week has been steady at around $6500++, which indicates that investors are not panic selling and more and holding right now and this is not a dead cat bounce as others might have speculate. If you crossed $7K then it might be a start of break out run. So conservative estimates would be around $10K-$15K. If we got to a new all-time-high then it will be a big bonus.