Bitcoin value can reach $50k this year

[Nadilapars]

 

Bitcoin value has dropped by almost 45% after hitting a high of almost $20k this month but some experts feel the crypto currency is set to climb again in 2018

Cryptocurrency investors who joined late will feel the latest headline about Bitcoin value is a bad joke. Most people who invested in Bitcoin recently are sitting on negative equity or have cashed out losing.

Ethereum and Ripple backers have similar stories to share with their Bitcoin owning counterparts. But for portfolio manager Jeet Sign cryptocurrency volatility isn’t surprising and he envisages Bitcoin’s value hitting $50k this year.

Singh gave his views about cryptocurrencies to RT while attending the Davos Economic Forum in Switzerland. He’s been operating in the cryptocurrency space for the last six years. He’s seen similar volatility time and again. And he’s also experienced fluctuations by more than 80% and above on a regular basis.

Singh drew comparisons between cryptocurrency and the early performance of Microsoft and Apple stock.

“If you look at Microsoft or Apple when they went public their stocks were very volatile because the market wasn’t mature,” he said.

The lack of vendors accepting cryptocurrencies as payment results in cryptocurrencies being used more like as a store of value. However, in countries with high inflation (Indonesia and Thailand) cryptocurrencies are more readily accepted.

 

 

For More Detail : Bitcoin value can reach $50k this year

[Pixie Pips]

Bitcoin as an early mover has received the advantage and acceptability by a majority of the population but there are other some currencies which are 10x better than bitcoin.

[pradegxs]

That's why I opened long position at Hotforex at 6K and still keep it open because I believe in cryptocurrencies

[nextop]

Bitcoin just dropped to 8.5k$ price in this morning and I don't think it could get to 50k this year. But you can sell short-term, easy profit, nah.

[Dereto]

I think bitcoin is playing a mind game with the traders and it is testing the patience as well currently. I believe in the fruitful results of this patience as the value of it will touch the higher highs at the end of 2018. Do you believe in the bright future of bitcoin?

[maspluto]

in forex there will never be instant, so traders need maximum training and learning to become a trader of the month with Tickmill and get $ 1000 rewards.

[Dora Wi]

It's always a little bit funny to read these predictions a few years after they were made, seeing that Bitcoin still hasn't reached $50k. It might actually be possible this year, though. But we would need another bull run for that. 

[Resolve]

On 1/26/2021 at 3:43 PM, Dora Wi said:

It's always a little bit funny to read these predictions a few years after they were made, seeing that Bitcoin still hasn't reached $50k. It might actually be possible this year, though. But we would need another bull run for that. 

We have to think that the rise in the levels of Bitcoin has been unprecedented so we need to remain cautious while dealing with the trading of Bitcoins.