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Wilmer Garcia

What does the crystal ball tell us about the price of Bitcoin?

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While it is true that Bitcoin has been the best performing asset of the last decade, it is also true that it all depends on the time of purchase and the time of sale of each case. We didn't all buy in 2009, for example. In fact, many bought in 2017 and those beings have time sweating the fat drop waiting for something that doesn't finish coming. For those creatures, Bitcoin has not been the best investment of their lives. We owe this largely to false expectations. You buy Bitcoin at any price at any time hoping that in a matter of months we will be millionaires. So when a madman like John McAfee comes out saying that in 2020 Bitcoin will be worth a million dollars, we mortgaged to our homes to buy the "digital gold." And when a setback arises, we are overwhelmed by fear and we sell desperately. That's the volatility of Bitcoin. In our own immaturity. 

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Whoever seized the opportunity at its time is considered the best, I mean despite the fluctuations that were at that time ventured into its own in order to eventually get a number he had not dreamed of before and these things that followed in the past years have made Bitcoin a value to it in the society Now they are betting on what they do for a prosperous future, but no one knows exactly what may be followed this year


Учитесь, учитесь и учитесь на своих ошибках :classic_smile:

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It kinda annoys me to agree with McAfee on this one, i mean bitcoin might as well be million dollar per coin in the future. Scarcity and security is a good combination with a tech that hasn't existed before.

 

But yeah, no matter where we go, there will be always people who buy the top. I bought near the top in 2013. Took a while to understand how this investing game is played.

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Maybe what McjohnAfee said was true, but maybe he did not predict the existence of a pandemic in the world so he slightly missed his estimates. I think it will take until the end of the year for Bitcoin to really recover and rise.

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So far bitcoin is the best performing asset for investment and what matters here is the time you purchased it because when you will look at those who bought last year in February when the price was still at around $3000 they are still running in profits today,the key is to know when to buy and sell that so.

Edited by George10

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Based on the some expert's points of view--we can assume, Bitcoin price will be increasing after halving event is concluded in 2020. Just like as McAfee, I also think Bitcoin price will be skyrocketed after a month of halving event say July. 


 

 

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Bitcoin is a decentralized currency which makes history of crypto market and it's trading is in millions of dollars on each day and millions of people like to invest in btc for making profits from their investment plans and benefits. Crypto market are really amazing future for investment purpose. 

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You do not need to sell your houses and thereby invest all your money in bitcoin. You just need to buy a few bitcoins, and live on the remaining amount of money. There are risks in investing in bitcoin. 

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This information appeared in the past to talk about what is happening today where we find that the price has fallen, but every day it goes down and does not stop. I expect that the increase in the price after the half period will be about $ 10,000 only


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You can tell us that the price will remain very low before the half event and this is what everyone says, but when the half period ends, the markets will rise again and reach more than $ 1000 Where the alternative currency markets will rise also because most of these currencies are linked to the Bitcoin market

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17 hours ago, omaralirajbd said:

Estimado amigo, creo que dices absolutamente bien y John McAfee dice que creo que bitcoin reduce a la mitad ese precio de bitcoin aumentará. Gracias por compartir este tema.

So it's friend everything seems to indicate that the price of Bitcoin (BTC) will increase exponentially after the reduction in half hopefully so

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We all have to wait patiently to invest in Bitcoin. This year is going to be very good for Bitcoin. Crystal Ball Bitcoin will help us increase the value of Crystal Ball Bitcoin by keeping us invested. Our loss will be minimal and easy to quantify.

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Bitcoin price is expected to increase during 2020, ending the year between $ 15,000 and $ 17,000. 2021 is likely to see Bitcoin reach $ 30,000 in a similar move but slower than the strong price increase of 2017.
In the end, all of these are expert expectations, and no one knows where the end will be.

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I also think that after the halving price will pump up too much. As many experts says same about that. And thanks for sharing this useful post. 

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On 4/16/2020 at 5:57 AM, xpertt said:

I think bitcoin will perform very well even though it is not this past few days, but knowing that bitcoin is a powerful currnecy which a lot of people uses even if it doesn't give that much profit anymore, still we don't even know the full potential of it for sure so I think there are more that bitcoin can give to us.

That's right and I'm waiting for it to rise the price more than my expecting amount. 

If that thing happen I will not waste the opportunity to do transactions like selling and trading. 


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bitcoin investment always profitable bro because bitcoin prices goes up and down, its not matter which prices we buy like one example in 2017 when bitcoin hit around 20000$ dollars, then also so many investors buy bitcoins, because they know they earn profit in future.


 

   

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Do not listen to different forecasts and believe them. Each halving is unique and can behave differently from the previous one. I invest as much as I can. And of course it is not worth selling houses and cars for this. After all, it is unknown what the price will be and when.

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On 4/15/2020 at 4:58 PM, Wilmer Garcia said:

While it is true that Bitcoin has been the best performing asset of the last decade, it is also true that it all depends on the time of purchase and the time of sale of each case. We didn't all buy in 2009, for example. In fact, many bought in 2017 and those beings have time sweating the fat drop waiting for something that doesn't finish coming. For those creatures, Bitcoin has not been the best investment of their lives. We owe this largely to false expectations. You buy Bitcoin at any price at any time hoping that in a matter of months we will be millionaires. So when a madman like John McAfee comes out saying that in 2020 Bitcoin will be worth a million dollars, we mortgaged to our homes to buy the "digital gold." And when a setback arises, we are overwhelmed by fear and we sell desperately. That's the volatility of Bitcoin. In our own immaturity. 

I agree about the statement of the john mcafee. Bitcoin will be worth millions in the future. Bitcoin is highly volatile so anything can happen in the upcoming days. Prices of crypto are never certain. 

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There is noone with a crystal ball and predictions are like that. We take a chance when odds are in favour and try to figure out how whales will move. 

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I think that the crystal ball is now telling us and predicts that the price of bitcoin will rise soon as long as it remains steadfast in the face of all the crises with which the world is currently suffering.


THINK POSITIVE

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Bitcoin will definitely pump. The crystal ball predicts the price of Bitcoin to rise about the price of Bitcoin. Bitcoin will cross tens of thousands even if it doesn’t go back to its previous place.

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Bitcoin halving can impacts it's price . Bitcoin can go not very high in this year because of Covid-19 and financial crisis in world . Peoples are loss their income and face many problems , do it is also impacts on price of Bitcoin.

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I think the halving of this year is not like the halving of 2016, so now is not depend about Bitcoin or crystal ball, all depend about the corona virus evolution, maybe is possible Bitcoin rise if there is not this obstacle of virus.

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I think successful trade depends on when you buy and when you sell, so far bitcoin has been the best investment in some people's life because there bought at the right time and sold at the right time which means buying low and selling high.


 

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I also think that after the halving price will lift up too much. As popular experts says same words that. And thank you for sharing this useful winning post.

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On this day, the Tankan Large Manufacturers Index will be published. No other important macro statistics regarding the state of the Japanese economy are planned for the coming days.   CRYPTOCURRENCIES: Causes and Consequences of "Black Monday" on 24 June     Monday, 24 June, presented investors with a very unpleasant surprise – on this day, bitcoin's price fell below $60,000 for the first time since 03 May, reaching $58,468 at one point. Ethereum, in turn, fell below $3,250. Analysts highlight several reasons for the active sell-offs, noting that they reflect overall instability in global financial markets and uncertainty about monetary and regulatory policies in several leading countries, especially China and the US. However, there are also more specific factors that contributed to the development of the bearish trend.   In mid-June, the German government began selling off a huge amount of bitcoins (about 50,000 BTC) confiscated in January. 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And secondly, there is hope that not all creditors will rush to convert their bitcoins into fiat, but will hold onto them, hoping for price growth.   In addition to the above, BTC miners exerted some downward pressure on the market. It became known that their coin reserves reached a 14-year low, as they had to sell a significant amount of BTC due to the April halving to cover operational expenses. Recall that the cost of mining bitcoin, according to JPMorgan analysts, is $53,000. Historically, this cost level is a strong support for BTC/USD. However, even in March, JPMorgan did not rule out that after the halving, bitcoin could temporarily fall to $42,000.   In the absence of positive signals, the demand for spot bitcoin ETFs continues to decline, major market participants slow down their activity, and start to take profits. This also pressures the prices. CEO of investment company CryptoQuant Ki Young Ju calculated that over the past two weeks, bitcoin whales and miners set a record by selling coins worth $1.2 billion.   According to 10x Research, all last week, US spot BTC ETFs recorded investor outflows, and on 21 June, net outflow exceeded $105 million. 10x Research believes that bitcoin will now need to find a new price range to stabilize the decline and then find growth catalysts. In the medium term, according to 10x Research analysts, it is not worth expecting BTC to return above $70,000.   Popular analyst Matthew Hyland noted that the combined bitcoin balance on centralized exchanges reached a multi-year low. In theory, this could be seen as a bullish signal, but the crypto market leader is not yet eager to show an upward trend. Naturally, the publication of key US economic data could serve as a vector for further cryptocurrency movements. If the Fed takes its first step in easing its monetary policy in September, it could support risky assets, including bitcoin. According to Cryptology experts, the chances of bitcoin reaching a new all-time high by the end of September are quite high, and what is happening now is a phase of accumulation.   Despite the current decline, many investors remain optimistic, citing the cyclical nature of the crypto market. They also do not forget about the US elections. For example, former Goldman Sachs CEO Raoul Pal predicted significant bitcoin and cryptocurrency market growth in Q4 2024. In an episode of The Wolf Of All Streets podcast, the financier noted that risky assets like bitcoin usually rally against the backdrop of US presidential elections. "The final quarter of an election year is a real 'banana zone' for all assets. It always is," Pal optimistically stated, noting that the "banana zone" for cryptocurrencies in autumn is much more pronounced than, for example, for the Nasdaq index.   Bitcoin was also supported by billionaire Michael Saylor. His company, MicroStrategy, is one of the largest bitcoin holders in the world, with 205,000 BTC on its balance sheet. Despite the negative trend, it increased its reserves by another 11,931 BTC (over $700 million) in the past month alone. Saylor is convinced of the first cryptocurrency's ability to grow to $10 million with support from China and other factors. He believes that in the future, governments, especially China, will fully embrace the first cryptocurrency and integrate it into the state infrastructure. The entrepreneur declared all pre-bitcoin economic instruments obsolete. "Before Satoshi Nakamoto, economics was a pseudoscience. All economists before Satoshi tried to develop economic laws with shells, glass beads, pieces of paper, and credit instruments," the businessman wrote, calling bitcoin a "perfect asset."   In previous reviews, we already wrote that the launch of exchange-traded spot ETFs on Ethereum could give a certain boost to the digital asset market. On 25 June, SEC (US Securities and Exchange Commission) Chairman Gary Gensler noted that the registration process for new ETFs is "going smoothly," and the approval date depends on how quickly applicants submit adjusted S-1 forms. Bloomberg analysts call 02 July the expected approval date for new products. Reuters, citing anonymous sources, reports that a consensus has been reached between fund managers and the SEC in negotiations, and only the "final touches" remain.   Co-founder of venture company Mechanism Capital Andrew Kang stated that after the approval of ETH-ETF, Ethereum's rate could correct by 30%, falling to $2,400. In his opinion, at this stage, the main altcoin attracts much less attention from institutional investors compared to bitcoin. Based on this, ETH-ETF will attract only 15% of funds compared to what BTC-ETF received at the start.   Kang noted that to increase Ethereum's attractiveness among investors, its ecosystem needs to be positioned as a decentralized financial settlement layer, a global computer, or a Web3 application store. At the same time, it will be difficult to sell new ideas for Ethereum's application to funds, as the asset is perceived by investors as an overvalued stock of a large technology company.   Significantly more positively views the future of Ethereum Matt Hougan, CIO of Bitwise, a company managing cryptocurrency funds. In his opinion, the appearance of a long-awaited exchange product is undoubtedly a positive factor, and the net inflow of investments into ETH-ETF over the first 18 months will amount to $15 billion. In his analysis, he relies on the experience of Canada and the EU, where in similar products the inflow ratio for Ethereum and Bitcoin is approximately 1 to 4 (i.e., 25%). In other words, if in the first quarter of work for spot Bitcoin-ETF the total inflow was $26.9 billion, for Ethereum it is expected to be at the level of $6.7 billion. In this case, in three months of work, the leading altcoin could rise to $4,400-5,000.   CEO of SkyBridge Capital Anthony Scaramucci believes that the price of Ethereum could rise even higher, reaching $10,000-12,000. Regarding bitcoin, the entrepreneur allows for its growth to $170,000-250,000. The main driver, in his opinion, will be the further institutional acceptance of cryptocurrency. Scaramucci called the approval of spot exchange ETFs an important regulatory barrier breakthrough for attracting new capital. Thanks to this, in his opinion, the share of digital gold in the portfolios of major players will soon be about 3%.   As of the evening of Friday, 28 June, BTC/USD is trading at $60,190, and ETH/USD is in the $3,390 zone. The total crypto market capitalization is $2.24 trillion ($2.34 trillion a week ago). The bitcoin Fear & Greed Index (Crypto Fear & Greed Index) has dropped from 63 to 47 points over the past 7 days, moving from the Greed zone to the Neutral zone.   In conclusion, here is another observation from Matt Hougan. The CIO of Bitwise presented three reasons why long-term investments in both bitcoin and Ethereum are more advantageous compared to investing only in bitcoin. These are: 1. portfolio diversification 2. the opportunity to earn on very different ecosystems and 3. economic benefit.   Considering the difference in the capitalization levels of bitcoin and Ethereum, Hougan believes that 75% of the capital should be invested in BTC and 25% in ETH. According to calculations, over the period from May 2020 to May 2024, the yield of such an investment portfolio is 3% per annum higher than one that only contains bitcoin. However, Hougan acknowledges that in the shorter term, a portfolio including 100% BTC outperforms a diversified one. Moreover, investing only in bitcoin carries fewer risks due to its higher market capitalization and features such as limited coin issuance and a phased reduction in the inflation rate to zero.   NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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