Post
Topic
Board Speculation
Re: What you expect about next move of bitcoin?
by
CryptoBry
on 23/10/2019, 10:47:11 UTC
I read a lot of posts talking about expected price of BTC next few months, there are those who are expected to rise by the end of this year, but many expect Bitcoin to decline, as I read at least 6000 what you think?

I would say that with Bitcoin and the way the whole market is, all predictions and projections are just speculations of what can happen with the price of Bitcoin. It means that one's guess can be as good as yours and mine. There are all possibilities with Bitcoin going down or going up, anytime. Which prediction Bitcoin will go will be known over time. It must be noted that there are people who made it their habit to predict that Bitcoin can crash anytime even going back to zero soon. Listening to these people can make one get discouraged on Bitcoin but fortunately we know much better and we don't anymore give credence to what these might say. Now, on the other side of the table are people who always love to get media attention by predicting unbelievable predictions for Bitcoin. Listening to them can make you over optimistic and can lead one to a misinformed decision dealing with Bitcoin. Go for a more sane analysis on Bitcoin and not to these people who are just here to get the attention they are craving.


at the moment I also don't think that the price of bitcoin will reach the level of $ 6000, but on the other hand, I'm also not so sure that the price of bitcoin can reach the price of $ 12000 at the end of the year. maybe the price of bitcoin can reach $ 12000 if developments in November will be very good. however, I might feel that the bitcoin price range at the end of the year could be $ 9,000 to $ 11,000. for now, I think like that.

There is no chance that Bitcoin can get back to the $12000 within this year, in the remaining days of the year 2019. There is however a big possibility for that in 2020. We can be lucky if Bitcoin can stay at $9000 for this year as the market seems to be more inclined to go sideways barring no big good news on the horizon. Overall, I am still happy with Bitcoin as the year is soon ending. With next year's halving, the time to accumulate more is now.