If you check out coinmarketcap.com you will see a lot of red. This has been happening a lot in the last month. Prices are currently down around %7 and this includes the alts. Ethereum is down %10 and so is steem. But there are people who think this is temporary. Not only that but the market is going to rally all the way up to 30k by the end of the year. I do not know what will happen but I would like to see another run like we have last year.
The man who thinks it will hit 30k is David Blake and he is not alone in his optimism for the coin. His prediction comes from the fact that new firms and wall street are showing more interest and they will bring in a lot of value to the coin. This is why regulation is good for the market as it makes people more comfortable to enter the market.
Personally I think it will be the apps that bring the attention to the market. I can be off and this might be next year but I think we are going to start to see mainstream adoption this year with games and social media.
What do you think?
Here is the article for more info:
https://www.inverse.com/article/42803-bitcoin-cryptocurrency-expert-prediction
@whatageek
It's the War of The Currencies & if BTC wins $30,000, would be a minimal estimate. I don't think it is a matter of "if" but "when". The exact time is the million dollar question (not that $1 million will be worth anything anymore!).
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i totally agree with you. the question is not ' if ' becos we know that it is almost a given, considering how fiat is dropping in value . so the big question is ' when' ? i would give an arm to know the ' when'. i really would.
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Definitely @excy4yaweh
But that's like knowing the numbers for tomorrows lottery.
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good posting
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I agree that regulation is good for the market and also that apps will lead the way in bringing more people into the crypto space.
Some good ones out at the minute include ENJ and Ethos when the wallet is released.
The markets have been red since the third week in January and I don't see it changing for another 4/6 weeks at the least.
In terms of the price of BTC so far this year I have seen $30,$40 and $60k by relevant people.
Ultimately it is all speculation and we can just hope when the bulls return they have on bloody wings :-)
PS - You can grab some free crypto by registering with Ethos for the new wallet before the 31st March, so far they have confirmed Axpire, Bitdegree and Smart Cash to everyone who pre registers.
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Can i have more infor on the Free Ethos? i love freebies and i will like to register on more exchanges.
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You can register on the Ethos website for the free air drops before the 31st March.
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Id say thats a good forecast
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I'm investing in btc for the long term, and since im buying small amounts of it every month, I'm actually enjoying the dips. Buying it at 150000 was painful, Lol.
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i feel you. i bought at 17+. felt the pains for a while.
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Yeah, I guess we can expect 2 months of bears on the market at the most, by June the bulls will be back and strong (if no big negative news). And we all know that eoy is always bull season.
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Bitcoin has died 249 times so far... ,Don't trade the HEADLINES
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That would be a good news to me. I want all crypto to fly high, so we steemians can have so more money, lol.
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Good post. @whatageek
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This post has received a 28.39 % upvote from @boomerang.
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The only concern is the tax rate imposed by the government. Crypto to crypto conversion is also taxable, it is totally strange thing government is doing right now.
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Is it good time to buy or shoud we wait ??
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I think crypto is still too predictable to call anything a prediction. Everyone is still guessing.
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Big whoop on $30K prediction.
I can predict it is going to $60K. Does that mean my willy is twice as long.
Lots of BS gets thrown around on BTC pricing. We have lots of that BS right here on steemit.
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yeah more like 100k.... 30 made me laugh
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Hi @whatageek
I would like your opinion on a different post that I have read which ties in with #warofthecurrencies.
We all know that the price is being manipulated but the extent is not as forthcoming as one might presume.
I have written posts on this based on the research done on in the past but I have never been able to describe it in as much detail as in one of @lukestokes posts - Did You Know You're Part of a Financial War?
The most interesting part for me in that post is a source article that was written by Super Crypto on the Medium platform - 4th Dimension: Bitcoin-Manipulation-Cartel — Price-Suppression is their Goal which explains the dip and pulls it through to Gold in Silver. This, for me, is by far the best explanation of the current situation because in the real world (one outside the programme) Gold & Silver is the only true money out there.
Will await your reply.
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This is a good example of a random prediction. BTC is a speculative asset which means such price increase will have to match demand. Nobody can predict demand like that. It looks like some good old confirmation bias is in play, since the author is even discounting the fact that there might be bear markets in BTC/USD trading. At any rate, we are currently seeing a very clear downward trend, and it looks like a bear market where bulls like the author will lose. It would be nice to see it rebound but telling people to hold their coins no matter what is getting a bit too predictable.
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I think this dip might be quite a long one! Its been going on a while and then market starts to look like recovering and then dips again
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oil companies have been playing crypto i'm afraid...
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price will change to what whales want.thats all.
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We all saw the Bitcoin going up and down in the past. And this will continue until Bitcoin and other crypto currencies become more and more mainstream or have good use cases. For example, if I have to pay less for products at online merchants thanks to crypto currencies and their fees. Then an additional incentive is offered to use crypto currencies. Or even more extreme, that other people, thanks to crypto currencies, can buy anything at all because they currently do not have a bank account or their local currency is no longer worth anything (like people in Venezuela, for example, who mine to buy food).
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the time will tell that how valuable are crypto currencies,
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Hiii @whatageek, wonderful analysis of current market. I strongly agreed with your prediction about BTC that it cross 30K at the end of this year. Hope for best.
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Blockchain based games and social media, are poised to blow up. Get in now while these things are in their infancy.
Social media i think will mature into adoption faster, but gaming will be bigger when it finally catches up.
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I'm prepared for a longer bear market, and am obviously hopeful that we will see bullish behavior before too long. After the 'crash' we saw a couple of months ago, many were speaking about the possibility of the crypto market dipping again and us possibly seeing Bitcoin hit 6K at some point. Although there was some nice upward motion in the back of my mind I was kind of prepared for this dreaded 6K. Right now I'm still not worried about such a low value, but I also wouldn't be too surprised or upset about it either. I firmly believe that regardless of what is happening on the short term, the long term of crypto and Bitcoin will be utterly huge. -Respect
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I sure hope BTC hits $30,000! I just wrote a blog post about easy ways to start a savings and believe that cryptocurrencies are a great way to do just that! BTC hitting $30,000 would be a huge jumpstart for anyones savings!
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Would you think that current crash is related in any way to Mt Gox and Bitcoin futures?
It seem that those 2 are main reasons why entire market is dropping.
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I'd just be happy to have less waking up and seeing it dip further and further. A more healthy climb would be real nice.
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I still have faith in bitcoin
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Nice post.... Follow me guys please....
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interesting I really good jobs
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what a good article, congratulations from angel48. continues collaborating with our community
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Are you kidding me ? $30,000 by the end of the year?
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Muy buen post debemos tener visión pronto despegaran las All Coint y veremos muchos beneficios, en lo personal me e visto muy afectado de con todos los % negativos ya que estaba invirtiendo a largo plazo, y ahora me encuentro solo con un 30% del capital invertido.
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With the level of regulations that are coming to cryptocurrencies and new firms showing good interest,there should be upward review from may 2018
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