Discussion in 'Crypto Currency & Mining' started by Jokester, Dec 31, 2018.
I'm going to give a range, 3-6k. BTC needs a period of calm.
Very true. How many alts were around then though? (Genuine question, I only got into things this time last year)
Look into the Summer of Alts 2014. There have always been alts and hundreds at times.
I'll go with $4250 (as Rroff already had $4200).
Think we'll see a sideways drift for a period of time, before a pickup (or hopefully the start of a pickup) towards the end of the year.
End of year is fast approaching. Just where has the time gone?
So, in order of the prediction given, and hopefully I haven't missed anyone .
imginy 21k ($ I assume)
DarrenM $1850 although not surprised of anything up to $10k
Minusorange $9k to $10k range
Underclocker £2019 (GBP)
billysielu $69 (bucks!)
Madmossy £6500 (GBP)
One vision $28,000
muon (jokingly I think) $100,000
Slam62 (another joker) one million dollars
SixTwoSix (less than the $3800 it was trading at start of this year)
Bowey £1000 (GBP)
illuz 3-6k range (assuming $)
Expecting bad things from the next month? Or did I miss yours? That's quite low given the proximity to the end of year.
The predictions above were given before end of 7th January .
Interesting - seems a little bit of a change from your expectations a couple of months ago or so.
I'm starting to genuinely feel like crypto is over, and that its moving towards zero and will never recover...
So my Guess is $20,000 EOY
We have had our bull run of this year, we will shed the gains off as people lick their wounds, the next bullrun will occur when we have a period of 3-4 months of flat trading.
Once this happens and we have a new base to launch from, the next run will occur, but until then imho its just gonna keep sliding.
^^^ didn’t realise we had a resident mystic meg
I am quite surprised though that it is even at 7000-ish at the moment tbh... some of those earlier drops below 4000 must have been painful.
Granted it has been volatile and had sharp drops in the past but that was with fewer participants. This time it’s been covered regularly in mainstream news and had wider adoption so way more people to potentially get burned.
Feel it will bumble about between 2k (gbp) and 7k (ish)
But over time that top end and bottom will decline .
People will get bored and exit but not return how many people not already involved will get involved now?
Is been an interesting ride. Was well worth getting on. Could have genuinely gotten to 100k,but lost traction at 20.
Now it's no longer hyped I don't think it will ever return to that
I don't personally believe it ever had potential to have got to 100K, speculation might have briefly pushed it close very briefly maybe. It is always going to be juggling between network activity, real world usage, availability and accessibility and other factors which are always going to balance out - as some factors went up others would bring it down - despite you can make the case for some similarities Bitcoin isn't something like a Picasso.
In the early days there was the link there to mining cost and I don't think it could ever really escape the gravity of that.
The only thing that will make the price go up is demand. Something needs to happen to spark that demand. At this time, I have no clue what that could be.
Earlier this year, it's highly probable that the demand that drove the price up to $14K was entirely down to a ponzi scheme in China. Plus Token. The $14K top happened the day the main players of that scheme were all arrested. They now own 1% of all bitcoin now. That's as much as the Winklevoss twins.
I don't know what the future holds for BTC. I do know I'm not as interested in crypto as I was when I got into it. I was all into the tech, and the ideas, and the potential. 2 years later, I see little progress other than the price of alt coins getting completely mullered.
The other thing that makes the price go up is supply...
Another halfening is coming up.
My fault for neglecting supply there. What I meant was demand being greater than supply.
The halving only cuts the supply of new coins in half. IE, the inflation.
Aye and after the next halfening Bitcoin will have the lowest inflation of any “wealth” store such as money or gold.
BCH seems to be evolving with smart contracts etc. BTC is pretty much set in stone now, which has it's pros & cons I guess.
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