Quote from: iASIC on September 13, 2018, 04:49:52 AM

Quote from: JRMtrader on August 06, 2018, 11:35:13 AM

The last time the CBOE launched a Bitcoin financial tool, futures, we saw $20k. Recently rising Bitcoin dominance shows people betting on the latest CBOE tool, ETF, being approved.

Bitcoin dominance is heading towards fifty percent by marketcap. What does this mean for the price and how should traders and investors view it? Marketcap is by far not the best metric to read dominance, but that doesnt mean it cant add value to your trading.

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I think that is not a real number. What factor do you think the bitcoin price will increase to $ 50k at the end of the year? I think that with an economy going downhill, the price of these altcoins will never be good in the near future. It will take more than 3 years to recover.

I am not sure about the price given. $50k is huge price for bitcoin and there is long way to go to this level, and especially in this year it is not possible for bitcoin to hit this figure. Today the price is below $7000 and there are just 3 more months to go in this year. How is it possible to reach to this level? It is beyond sense. If the price reaches to $10k, it is enough.