Where is the Bitcoin market headed this year?

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#1Nov 19, 2018, 07:42 PM
It's super tough to predict where the Bitcoin market is gonna go, mainly because it relies on tech upgrades like better blockchain and also economic and political influences. Different governments, especially the US, the EU, and a few others, are coming up with different rules for crypto. This could speed up Bitcoin transactions, and that’s a win for everyone, plus it might help Bitcoin get more accepted worldwide. The EU is also playing a role in boosting Bitcoin's acceptance, which could help drive its price up. Honestly, I think there’s a good chance Bitcoin could hit 150k by mid or end of this year, maybe even reach 200k.
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ryan2020Full Member
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#2Nov 19, 2018, 10:45 PM
What more can we say, several speculations have been going on but all we see is Bitcoin consolidating and resisting between $90K price mark. We have no further control over the market, all the economic influence or political factors as you mentioned may shift the price a little but that isn't a constant or the recommended enhancer to impact price growth in the market, Bitcoin follows patterns, you don't skip a part and go unto the next, the price of Bitcoin is currently stretchy but the future holds possible bull run sooner before we can head into the DIP. I must say that we should be experiencing both stages of the market inside of this year, both massive pump and heavy dump to happen. $150K isn't much to speculate on, we already closed the ATH of nearly $110K, once the pump begins making $150K should be easy as nothing.
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raven_protoFull Member
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#3Nov 19, 2018, 11:46 PM
Even though global economy and politic may affect Bitcoin price, but it's only short term effect, the super cycle effect is bigger than those thing. $150K is really possible to achieve, but $200K is quite high for me, hard to realize it in this year since the market cap is already huge. No, even US and EU accept Bitcoin as legal tender, it will not speed up Bitcoin transactions, Bitcoin has 7 transactions per seconds, except you're using Lightning network.
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the_kingHero Member
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#4Nov 20, 2018, 03:03 AM
No wonder lately we will see and find so many Bitcoin experts, writers, scientists, officials, entrepreneurs and so on, conduct speculation & predictions of Bitcoin and talk about the market Crypto this year, so we will find a variety of speculations ranging from $ 150k, $ 200k to $ 500k, maybe it's a rational understanding for Bitcoin fans. But I personally speculate the Crypto market for this year is positive, the possibility of Bitcoin values ​​will determine the highest point for this year, I speculate at least in May-October, I said That is on the basis of my own thought and the experience I see, meaning whatever you want to do in the Crypto market has a positive positive value for yourself.
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alex2014Full Member
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#5Nov 20, 2018, 07:36 AM
All the factors that you have mentioned are external factors that influence the bitcoin market, but still, bitcoin and the entire cryptocurrency market have their trends and bitcoin is not like the memecoins that depend so much on hype, news and government intervention to push its price up. For bitcoin, even though we depend so much on news, we can still say that Bitcoin still has its organic price movement that defies speculation and news at times, so government regulations don have so much on bitcoin directly its services and for bitcoin being a decentralized coin, it transactions can bypass centralized services which are the ones that government have control over such as exchanges and other centralized bitcoin payments platforms.
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darkviperFull Member
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#6Nov 20, 2018, 10:11 AM
It's obviously that lot of people keep on their analysis to boost their fate and encourages more people to come invest in Bitcoin especially the influencers, and Bitcoin analyst, and of course there's nothing wrong in being optimistic about the market but we shouldn't be over exaggerating and giving hope to people about the price. Usually we know price would go higher but from the movement of the market getting to $200k and above as the op said could be a little difficult to achieve (I could be wrong) even though people tends to believe that Donald would influence the market it hasn't gotten upto that, and to be surprised he didn't really influenced the market as we think of.
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degen21Full Member
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#7Nov 20, 2018, 03:54 PM
Untill then, but for now there is no proof of Bitcoin hitting above $150k or even $200k. Although there has been speculation sorrounding Bitcoin hitting above $150k but as the year has started till this point bitcoin has never made any significant move to backup this statement or claims. Undoubtedly Bitcoin may hit pass this speculated price but till then. I don't believe in the statement you made at op that European union country are affecting Bitcoin to increase. Afteall we all hope and believe in the speculation of Donald Trump making Bitcoin a strategic reserved asset, and till this point instead of  that to happen, it is going south and many people are selling their Bitcoin t and this is why Bitcoin is dropping.
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alex.shardLegendary
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#8Nov 20, 2018, 08:09 PM
The future of bitcoin market is easy to make because it will just be like how gold was in the past and how it is now. Bitcoin with a limited supply is what people and government around the world wants. It will be scarce as usual and the price will increase. So what is so hard to predict about the market?
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boss23Full Member
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#9Nov 21, 2018, 12:36 AM
I really don't understand what you are trying to say, increase the speed of Bitcoin transactions? It can't, it's going to be ~ 10 minutes per block. As far as the factors that you mentioned, yeah, it could be tied up to one or several of them. But it's very hard to pinpoint which one as we all know that Bitcoin has grown to much in the last 10 years or so. And there are institutions and big whales in the market. Let them do what they think is the best of this European nation, in the end, Bitcoin will not be affected if they are not going to accept it. The landscape has change dramatically. And with that, we're still in the bull run so maybe a conservative estimates of $150k is not that bad, as our all time high for this cycle.
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DarkByteFull Member
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#10Nov 21, 2018, 06:31 AM
Pretty easy... if you say bitcoin in the future is difficult to predict then that's wrong then I believe bitcoin can reach a price of $500K in the next few years, but if the prediction for this year then many speculations say the range of $150K - $200K and that has been talked about a lot. It's just that now the market is sluggish, or people call boring because there is no significant movement, so it's natural that bitcoin continues to sideways because this is part of a long process, so believe Q3-4 bitcoin will evaporate again.
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mike.chadSenior Member
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#11Nov 22, 2018, 02:06 PM
Bitcoin has a particular movement that defies speculation at a certain point. The expectation for bitcoin before the swearing in of Trump was to touch the sky but what happened after he had come in? The price kept it cool just below $100k but that doesn't mean the price won't rise to double it earlier ATH before halving which was around $70k. So such movement has been known with bitcoin before it goes calm and I'm still in expectation for that big push that will cross 150k.
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max.wizardFull Member
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#12Nov 22, 2018, 04:23 PM
Trump does such things that shake the policies that were enabled beforehand. The tariffs and the talk about them don't bring stability per se into the minds of countries or people, so there is that.
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chris2011Member
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#13Nov 22, 2018, 07:14 PM
Is there any written proof or visual evidence that shows the future price of Bitcoin? We are doing more of speculation and when it comes to speculation what people have speculated is either right or wrong. There must be any proof to show if they are right or wrong. But we can be more relastic by speculating what can be possible within a giving time frame.
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whale365Senior Member
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#14Nov 22, 2018, 10:11 PM
There is none, no one here has the crystal ball to see what the future of Bitcoin. But all we can do is wild and educated guesses, and it seems though that most of us are agreeing that we might see the price around the $150k-$180k range. And so with that we might be thinking ahead and preach that we should just hold and accumulate for now as we could still double our money. It's all speculation for now, but we could make our prediction base on the past history of Bitcoin and then we have our own prediction on how big it will be despite that there could be issues along the way.
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bit_2016Senior Member
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#15Nov 23, 2018, 12:39 AM
It is a prediction, why are you looking for proof when it's obvious that Bitcoin hasn't hit $150k or $200k yet? The Bitcoin reserve isn't a speculation. Trump has announced that and we have to wait on what their evaluation will be. So, it's no longer a rumor or a speculation because he has mentioned it already and we only have to be patient what will be the verdict about it by Trump's administration.
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WildChadFull Member
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#16Nov 23, 2018, 03:12 AM
That could indeed happen to Bitcoin when there are countries that have started to like Bitcoin and make Bitcoin a foreign exchange for their respective countries. Moreover, coupled with several large companies that are also quite happy to have Bitcoin so that other companies that do not yet have Bitcoin will join in buying Bitcoin for certain purposes so that this could cause the price of Bitcoin to become very high. But for this year and also next year, I am still more confident in the price being below $150K for one Bitcoin unit, although it is not impossible for it to reach the price you mentioned.
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ledger_novaFull Member
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#17Nov 23, 2018, 06:32 AM
We'll I think so many factors has affected Bitcoin a whole lot and it's sure a challenge to the crypto community cause it's been unable to reach some certain levels but  looking at this year I think Bitcoin will be more bullish than the other years and possibly with a high increasing value but if the government can accept it's usage in many nations of the world then I believe there would be a great impacts in the different sectors. So it could amount to 150k or more this year.
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ryanwizardSenior Member
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#18Nov 23, 2018, 11:56 AM
First of all, let's even cross our minds from bitcoin getting to $200 this year, maybe during the next halving comes 2028, things may come that way and even more bigger than that, but for now, I don't think the European expectations can be a major push for the market to go high, except there is more investors and the buying and selling rate increases as a result, let's see how we move on from here, am also positive about it, for all time high above $110k.
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vault_2009Full Member
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#19Nov 23, 2018, 01:59 PM
Trying to stick bitcoin with other coins to make a calculation isn't really a smart idea, we shouldn't really be considering that as out future, because that's not what we are going to see, we are going to end up with a lot more different results without a doubt. I know that people are looking for ways to get much better result with time, but at the end of the day it is not going to be crazy for us if we could just see bitcoin as independent from all other projects. Always remember how bitcoin has a four year cycle and we are going to end up with some of them and do a lot better with time. If you can do that, then you are going to end up with a great return, because we have less than a year left until we peak on another ATH price.
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1t5_omegaHero Member
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#20Nov 23, 2018, 06:11 PM
Bullish, very bullish. Right now, we're in a period where a lot of people are getting desperate and selling, while the strong hands keep accumulating. Before we know it, the price will shoot up, and that's when retail investors will want to buy back in. As for numbers, I’m not sure what to say because some are predicting we could reach $1M this year, which sounds like a lot, but I wouldn’t find it far-fetched to hit $0.5M, especially if strategic reserves start to materialize and a FOMO kicks in around that.
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