Quote from: The_Dark_Knight on September 15, 2018, 02:31:55 AM

Quote from: masternode on September 09, 2018, 04:39:49 PM

Quote from: The_Dark_Knight on September 07, 2018, 02:38:08 AM

Quote from: nguli on August 29, 2018, 04:34:51 AM

I think that could happen because the demand for bitcoin this year I think is increasing and the total supply of bitcoin is very limited and almost gone.

I do not know about what data you are looking but I see the opposite, the interest in bitcoin is going down and as such the demand is going down as well, this is normal it happens in all the markets but it seems people want that the bitcoin market is skyrocketing all the time and that is simply impossible, what we are going to see in the next weeks, months and even years is a price of bitcoin that is not going to move much.

Retail investors have been massively burned this year and are slowly moving out of the market while few people are coming in, it seems most people who just came during the last bull run have lost interest and moved on with their lives. Unless we see new people getting interested there will not be much change...unless regulations make it easier for institutional investors.

This is what I see as well, the market cannot grow because no new money is coming and we should not really be surprised by that, after seeing the market crashing almost 70% in a matter of months who is going to want to invest in this market? The only ones that are willing to do it are those that have an incredible faith in cryptocurrencies in general but no one else.

Anyway, to reach that value of $50k at the end of the year is very unlikely, because this year the crypto market is not moving so much or does not have a big change, the market only moves at the same level for several months. But there are a lot of new innovations in some countries about blockchain technology, as recently there is one that empowers bitcoin mining, I forget the country. With the specific determination of bitcoin in several countries, it will lift the growth of bitcoin will be faster, so I think just wait, what will happen in the future.