Quote from: Pursuer on July 16, 2018, 07:02:28 AM

Quote from: andrei56 on July 15, 2018, 05:50:15 PM

Quote from: Malaya on July 13, 2018, 05:45:10 AM

If entrepreneurs are believing that bitcoin will soar high then this won't be impossible to happen. We'll just have to wait and see until December. While the price is low, take the opportunity to have more bitcoin and hold until it gains profit.

This is not about beliefs this is about money it does not get simpler than that, there is not enough money in the market to get that kind of growth, you want bitcoin to grow 10 times its current price in a time span of only 6 months, I cannot say it is impossible since we know that nothing is impossible for bitcoin, but taking into account that we come from a bull market the chances of getting another one the very next year are very low.

having another new bull market this year is not the same as setting a new ATH though. I completely agree that it is impossible to reach $60k but we can easily see a bull market this year. it is true that we had a big bull market last year but we also had a huge bear market that lasted long enough and price fell down enough (70% drop). we can easily see the rise for the rest of the year and reach back above $10k and that can be a very reasonable bull market for this year.

Well, I suppose the only thing left to do is to see how the market evolves, the price has grown a lot in the last days and while some are calling this a new bull market I'm not so sure but maybe that is because I try to be very realistic about my expectations and despite the good behavior of the price of bitcoin I am still worried since the last crash that we saw was incredible and I do not want to be caught with my guard down.