Marrcos1337 Posted December 13, 2018 #1 Posted December 13, 2018 What one of best crypto-analytics said about Bitcoin? Todd Gordon, founder of TradingAnalysis.com predicted Bitcoin (BTC) to drop to $4,000 prior to a rebound above $10,000 by 2019 on CNBC’s Stock Draft June 22. Gordon suggested that BTC will drop below $5,000, subsequently hitting $10,000 by the end of the year, citing significant market volatility to be the main reason. When asked to explain his estimates, Gordon cited a “beautiful uptrend,” and called the recent correction down from $19,000 “inconsequential” given the gains in BTC price since 2015. The analyst said that the current high to low range is 17 percent on average, which is one of the lowest BTC has ever seen. “There were times when it was 20, 30, 40 percent [per] week so, if I’m down 30 percent right now in Bitcoin, that’s nothing, I can make that up in two weeks,” he continued. Rip Bitcoin or no?
williamshennie9 Posted December 13, 2018 #2 Posted December 13, 2018 Since bitcoin is determined by supply and demand, and since it is not backed by anything other than faith, I will not be surprised if the price goes down a bit more. I honestly don't think it will go down too much lower, but there is still a window for it to decrease even more. I doubt It will ever go back to $10,000.
Realraidengod Posted December 13, 2018 #3 Posted December 13, 2018 nah for me bitcoin is still alive and it will definitely bounce back i just think that some people are still scared of bitcoins thats why its going that low. bitcoins is dead to me when it gets back to the original price in 2010 lol until then it will always be alive to me
wry Posted December 13, 2018 #4 Posted December 13, 2018 There is no way to know what the price will do, it is literally unknowable. I think he underestimates the damage than has been done to Bitcoin by the large decline from ~19,800 USD at the end of 2017. Having said that, I still love the Bitcoin project and believe in it. That's why I hold, not because price may be higher in 2019. So RIP Bitcoin is I think a long way off, now RIP Bitcoin as a mainstream popular investment, that may be dead for awhile. At least until the next halving of the block reward in 2020, which I'm actually surprised there's not more talk about that.
felipev1994 Posted December 13, 2018 #5 Posted December 13, 2018 we all know that the bitcoin is volatile, so we cant know future price, but in my opinion, too many companies will use the bitcoin, because bitcoin will be best payment method, and this can be one good thing for that the btc price back to have a good price.
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