๐ A Deeper Look Into Bitcoins Price History ๐
Many top investors including myself are saying bitcoin will easily hit 25,000 + this year.
When we look back to last years predictions we though $5,000 by years end. Instead we hit $20,000 and then retracted back down to the $6,000 level so in theory was the 5k price point right? Kinda sorta maybe lol
That that being said and new predictions of $25,000 does that mean by years end we could actually see $50,000, $75,000 maybe even $100,000 per bitcoin and then retract back down to around $25,000 ?
It actually is a very real world possibility when we start to look back of bitcoins price history.
See even if we go all the way back a few years where bitcoin hit all new highs of $3.60 per bitcoin and then retracted down to roughly $1 it was still the same retraction we see today that really does seem to repeat itself around the same time every year.
However whats happening is it is much more noticeable when you go from $19,000 to $7,000 but in reality its just about the same amount of change as the $3.60 to $1 retraction we saw many years ago.
What is different and from what I can tell is the time between retractions. Before it took roughly 7-14 months for the retraction to be beat. But as we move closer to adoption and regulations this time table seems to have shrunk to around 4-5 months and I think might shrink even more. This could in theory very well spell out a very volatile phase in bitcoin coming up here soon from this year leading into 2020 (which yeah too me by surprise how close we are to that year lol) however the continue trend should be upward and your price of below $10,000 today is going to look like a walk in the park as we move forward.
So what do you think is going to happen? Have you noticed these patterns yourself? Have you noticed that just about every weekend ends up in a sell off as well?
*Image pulled from - http://www.ticinotoday.ch/content/il-fisco-incasser%C3%A0-25-miliardi-da-bitcoinco
I hope the $25,000 mark will be hit really soon. It's fine even if it's in the month of November or December as long as it goes up so everyone in cryptospace will be happy :)
bitcoin is going to $30-$50k and by end of the year we going to $100k
This seems like a usual trend. If the predictions are checked over time then we can be certain to expect almost the same reaction in bitcoin price.
The price will surely rise above but may still tend to drop back to tracking the same change in history of $3.6 to $1
I honestly learned a painful lesson with the bull run we had, if this happens again, I'm laddering some profits in expectation that the correction will break a few ankles along the way.
now this man understands, there will be many corrections and people will be moving off bitcoin as a fiat as real currencies mature into the exchanges!
Suddenly, due to falling prices Many investor were frustrated.But again this has grown and I agree with you that it will touch 25,000 in the this year. And we have to be aware of it to keep this price, we have to ensure its legal use and its people will have to be aware of it.
Tim Draper Predicts Bitcoin Will Soar to $250,000 in Four Years
In another one of his famous bitcoin predictions that gets widespread news coverage, billionaire investor Tim Draper is now predicting that the price of bitcoin, which today traded at around $8,100, will rocket to $250,000 in four years.
According to sources:
Bitcoin to the moon is what i think
It honestly will only take about 1% of the worlds money to be invested into bitcoin to make it reach those levels when you start mapping it out it makes total possible sense it could reach that point.
lol 1% of the worlds money?
well you guys need to get realistic... thats more then the US Military budget
And thats more then economies of all but 1 other country.....
Oh dear i really cant wait
We have to ensure its legal use and its people will have to be aware of it. I am impressed your research very impressive keep it up
Welcome to update cryptocurrency news
Thanks for sharing this bitcoin markets
Hi @bitcoinflood,wonderful post.Thanks mate for the nice bitcoin post.
yes bitcoain eat up all this year, love for bitcoainโฅ