Ninjastic
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Board Speculation (Altcoins)
Re: I am sure Bitcoin Will go $50,000 End of this year because of ETF!
by
coinfinger
on 19/10/2018, 10:38:25 UTC
Quote from: giacatluong on October 15, 2018, 03:08:50 PM
Quote from: Q2kc on July 01, 2018, 02:53:59 PM
Big names in crypto predict that bitcoin will go $50k end of this year and they were 50% correct because anything can happen of crypto right? but for me, if bitcoin ETF will be approved I'm sure that ETF Will Push Bitcoin price to $50,000, let's wait 60 days starting today and go back to this thread in September or October and let's see  Wink
The $ 50,000 price is really too high and i find it unreasonable. It depends too much on the positive information of government bans. Unless reputable organizations pour money into the market. Contributing to the growth of the market can change Bitcoin prices. In my opinion Bitcoin may be $ 18,000 in late 2018.
Of course the $50,000 is an over estimation for the value of Bitcoin in this year and is not going to happen. Not only the government intervention but so many other factors as well that affects the value of Bitcoin and that if they are not positive, might not give Bitcoin a good push. Ultimately the whole thing boils down to the rise in demand which is a very strong factor that controls the market values despite the odds going on in the market about the future of Bitcoin.