Has Bitcoin Bottomed in 2018? + EOY Price Prediction ft High Altitude Investing
In this segment of my interview with Dalin Anderson of High Altitude Investing, we'll be discussing whether the price of Bitcoin has bottomed in 2018, and what price we could expect to see by the end of the year.
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
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High Altitude is a very positive man i mean he talks a bitcoin price around 50k on december and 100K 2019 wow, i think that prices are totally achievable but i think in 3 years but we know somehting now traditional markets are dipping strong and maybe some countries can use bitcoin as
refuge for the drop in their national currencies so in that case bitcoin get 100K easily :) and as high altitude says 70% for a bull market 30% for a bear market from here to december. Regards
It’s impossible to make a prediction. I mean everyone can make a prediction, but no one knows the future. For example in 2000 Nokia. Everyone was buying at $50.00.
Everyone thought it must go higher. If you asked them then How much would one Nokia share be worth in 2010? Most would say $100? $200? $500?
Well everyone was wrong. Today Nokia is priced at below $6.00.
On the other hand, look at the Apple. Today it’s over $1 trillion market cap company. My point is, no one knows. However, unless there is the end of the world, bitcoin won’t break below $6k support ever IMO. With increased trouble in emerging markets, more and more people find anti inflationary safety in bitcoin. At the end I agree with Dalin “don’t try to call the bottom and instead accumulate where you feel the bottom is”.
I like the concept of “accumulating panic” as it is a type of dollar cost averaging which is a very strong investing concept for long term investors. I have tried to take that approach although it is tough in a downtrending market because funds could run out quickly but taking current cash flow for other sources is a good idea. While bitcoin may be close to a bottom, I still feel we need to see substantial failures of previously hyped coins in order for a final washout to establish the bottom in this cycle. I hop I am wrong given the potential of many projects but I remain cautious.
I believe the market and Bitcoin price will continue to improve as more investors build confidence in the crypto markets and also as more countries and masses adopt Bitcoin as a means of payments the price of Bitcoin will definately continue to increase
Well said by Dalin. He is very young, but what he says makes completely sense. Especially about summer being the worst time for ALTs and the end of year the best. I hope he is right about bitcoin going to at least 50000 by the end of this year. I’m not that optimistic, because at some point it’s better to expect worse case scenario. My worst case scenario is breaking the support of 5800 and trigger panic selling. If that happens, I’m ready to accumulate more with my cash set aside. That’s what I’ve been doing, buying the dips including the recen one. As I mentioned, it’s my worst case scenario which I would try to take advantage of instead of panicking.
Fully voted.
I genuinely hope it has (bottomed). Looking forward to some nice profits come December @louisthomas
I think that we've hit the bottom. Everyone was waiting for a big drop for BTC at the bottom. That hasn't happened, but there was a big drop in ALTs, and that might have been the shakeout. I'm expecting more volatility as EFT decision are released, but I'm still buying.
I remember this interview and it was really great to watch it. I remember a lot of his advice and I found myself contemplating it a lot after watching the whole interview. Just an example was:
It is a perfectly solid piece of advice that most us newbies can benefit from. Once again thanks for sharing man!
I hope the price will rise as soon as possible
The market is in a very sad situation