Bitcoin Could Hit $60,000 in 2018 but Another Crash Is Coming, Says Startup Exec

Megalith

Megalith

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Cryptocurrency entrepreneur Julian Hosp thinks that Bitcoin could reach a high of $60,000 next year but warns that we may also see its value drop to $5,000. The forecast would represent a $45,000 rally from the current price of bitcoin — or a $10,000 collapse, underscoring the volatility of the world's largest cryptocurrency.

Hosp likened the current interest in bitcoin to the dotcom bubble that started about 20 years ago and warned that a consolidation of digital coins is likely to take place in the future. "I don't think it's going to be a bubble that's just going to burst and everyone is going to lose their money, but I think it's going to be that all the coins and all the assets with very little use or value are going to get sorted out," he said.
 
I'm not sure I agree that Bitcoin will be worth $60,000 next year. But it does seem like it's cruising towards a crash.
 
vgblw
https://imgur.com/a/vgblw
 
nightanole said:
If it hits $60k, doesnt that mean each transaction will cost $120 in fees?
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The fees can be changed, they have been higher recently than I think anyone would have predicted. Fees aren't so bad if you are way up, if you buy in and then try to move or convert suddenly they become very relevant. Lots of things to know about in crypto.

As for this prediction to $60k, maybe, and it may go to very low too, too many variables and no amount of past data can claim to predict crypto, it's a new animal. I wouldn't bet eating my hat or video card, you might have to.
 
triwolf said:
Can you update this, the millions being thrown at anyone with a web page was around 1998-2000, make it say Crypto or Bitcoin for the win. Excuse me while I update my resume and CV.
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I’m not sure you fully understand the slowpoke meme. If I update it it’s no longer “slow”
 
Nolan7689 said:
I’m not sure you fully understand the slowpoke meme. If I update it it’s no longer “slow”
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Sry, not a memester, too many to keep up whit. Kind of like finding out most jobs will be automated soon. Wow wondering how we all can keep up in this world, so the robot owners will own all now? No one works? I guess I will have more time to keep up on my memes.
 
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welp my guess is it will resume its run to ~20k hover there for abit, break that barrier run abit longer and hopefully hit an actual correlation. I dont really see it falling bellow 10k if there isnt a steady downwards trend after that i have no idea.
 
triwolf said:
Sry, not a memester, too many to keep up whit.
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The irony of there being too many to keep up with being that slowpoke meme is nearly 12 years old.

Basically it’s just a “late to the party/ bandwagon” type meme. Way off topic here though....

So how bout that bitcoin and it’s likely impending crash and final leveling out to be somewhat stable.
 
It will never be stable. Its volatility is what makes it tick....Its a great thing :D
 
I want it to crash hard so I can see everyone panic and lose their shit and shirts. I want to see something like the housing crisis and foreclosures... but for bitcoin. That would be entertainment.
 
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