Bitcoin Market May Be Red Today But An Analyis Predicts Bitcoin Will Be $30,000 By Year's End
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!).
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.
Definitely @excy4yaweh
But that's like knowing the numbers for tomorrows lottery.
good posting
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.
Can i have more infor on the Free Ethos? i love freebies and i will like to register on more exchanges.
You can register on the Ethos website for the free air drops before the 31st March.
Id say thats a good forecast
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.
i feel you. i bought at 17+. felt the pains for a while.
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.
Bitcoin has died 249 times so far... ,Don't trade the HEADLINES
That would be a good news to me. I want all crypto to fly high, so we steemians can have so more money, lol.
Good post. @whatageek