Quote from: YuginKadoya on May 22, 2019, 02:21:58 PM

Quote from: RealMalatesta on May 22, 2019, 09:10:23 AM

Quote from: cryptjh on May 18, 2019, 12:12:58 AM

Quote from: SM23031997 on May 05, 2019, 01:30:09 PM

We are all excited that bitcoin started moving forward again. Let's have some discussion here how far bitcoin will go this time.
Come up with your prediction, date when will it reach there and of course with a reason why you think it will reach that point.

$10,000 before end of year
I will keep it quite less until some countries come up with their actual stand on cryptocurrencies. As it will highly impact the market and push it to a new level or pull it to a new low.

Guessing on a date ain't easy, but I think 10.000 dollars are possible in the near future, that cut happened within a few weeks from today.
I think that if bitcoins go above $20k again it will continue straight up to $50k to $85k. But I don't know if this will happen in 2019 or 2020

The only realistic figure I see bitcoin getting to in this ATH is $30k, because market cannot continue to pump without a PULL BACK and the moment we cross the last ATH, it means most of the investors that we have presently now would have been comfortable with the profit that would have climbed their investment then, and in other for them to avoid history from repeating itself again, most investors will sell their coin and then returning us back to bearish trend.

The only reasonable way we can get to that value of $85k in like 5 years is when large firms starts using bitcoin for its original purpose, and then we can say we will be seeing less of dumping and more of usage.

Yup! you are right a pump really needs a pullback and the recent pullback of the price had really reached the bottom, We definitely reach the bottom of the bear market and right now that we are in the bull market and we are still in the starting line of it, We can potentially reach the $30,000 All-time high right now or even more ATH that we can imagine because the recent ATH we had reach is $20,000 USD the possibility is high to now take an even higher spot.

It's gonna take a while to get back to $20k. I think the rise from $5000s to $8000s was mostly people who missed the bottom finally realizing $3000s was the bottom and we are in fact in a bull market after a few weeks stable in the $5000s and a good amount of the money sitting on the side of people too afraid to buy at the bottom FOMO'd for a couple weeks, probably with a few new whales moving into the market as well to start accumulating once it became very obvious bitcoin had started a bull market. Probably not too many new people coming into the market yet seeing as how we just got out of the bottom. New people will gradually come into the market as they start to hear more about bitcoin and realize it did not in fact die like much of the media had told them it surely would.

I'd expect it to take a year to get back to $20k. Historically every time Bitcoin reaches the old peak that is the start of the real gains of the bull market, that's when FOMO kicks in and Bitcoin starts shooting upwards. So only going to $30k is very unlikely.

No doubt this market institutional investors will become big players in the market for the first time, and we don't really know how they will behave. If they get in by $20k, will they dump early, happy with only a 2x or 3x gain because that already is so much better than they are used to from the stock market? Or will they hold long term, not caring too much about bull and bear markets? Or will time things well and hold until things really start getting nuts like in end of 2017 and then dump right near the top, perhaps causing the top to be in? If they dump prematurely will that stop the bull run prematurely? Lots of unknowns. Or will they all be doing different things so that they don't really change how the market behaves, they just bring in a lot of money? Either way, whatever they do, institutional investors will end up soaking up a ton of bitcoin, making the price skyrocket and the tens of millions (or likely hundreds of millions) of people who come into the market the next couple years will be fighting for a very short supply of coins, especially after the halving!