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Bitcoin Prices 2019

CoinGuyCoinGuy Administrator
It has begun. Our annual tradition is this thread, where we start with predictions and then we leave this thread open as the ONLY place to talk Bitcoin price.

You can see past traditions here:

https://coinforum.ca/discussion/4710/bitcoin-prices-2018/p1
https://coinforum.ca/discussion/3821/bitcoin-prices-2017/p1
https://coinforum.ca/discussion/3276/bitcoin-prices-2016/p1
https://coinforum.ca/discussion/2308/bitcoin-prices-2015/p1
https://coinforum.ca/discussion/832/bitcoin-prices-2014/p1
https://coinforum.ca/discussion/605/bitcoin-prices-2013/p1

As you can see it's never easy. My prediction last year was WAY off to think 25K CAD was in sight. I thought the good times would continue, but I also hedged my bets and said "Of course I can be completely wrong and it could crash below $10k, but that is not what I think will happen."

I don't see Bitcoin going back to 10k this year. I think we are in for a quiet year, before another spurt in 2020. I could be wrong of course, but I don't see the momentum from the past and lots of the new money felt burnt by the sub 10k drop.

Who knows. Maybe I'm wrong. Anyway, just for fun, it's now your turn to make your predictions and we'll see how it turns out.

Good luck all!

Comments

  • barehunterbarehunter Member Plus
    Boy, was I way off. I'm not surprised by today's prices but I wanted to be something other than my pessimistic self when predicting.
    It just goes to prove how volatile markets are. I'm dismayed the bch drama had so much affect.

    I've picked up some more coin so you can be sure prices will drop more. I don't worry. The future is bright.
  • testmantestman Member Plus
    I don’t think this will be a good year for BTC. I just see a loss of momentum, and many people I know who were in it, are out, or cashing out. It’s hard to stay optimistic. MY e this is the clearing out before the boom - anyone’s guess really.
    I am he as you are he as you are me, and we are all together. See how they run like pigs from a gun, see how they fly.
  • CoinGuyCoinGuy Administrator
    I’ll be happy if it stays flat
  • BruceWayneBruceWayne Member Plus
    My prediction of $6000 low was looking very good until November.

    Oddly I've never been more bullish on BTC. There's been so many interesting projects which will be coming online in 2019 and beyond. But it's not much different than 2014/2015 when projects are building and prices weren't really reflecting that.

    I don't see much which might pick up prices other than an ETF being approved but even that I don't see happening anytime soon. I'm pretty sure there will be controversies involving some stablecoins which causes regulators to stay away from allowing an ETF from happening. And I wouldn't shed a tear if BitMEX is finally removed and all that liquidity looks for new places to trade.

    If there are some ICOs that are released this year which look good (instead of the usual drivel which has been coming out for awhile of people racing just to make anything) then there might be a catalyst for price momentum.

    So basically outside of some regulatory news, an ETF or decent ICOs to keep prices in an upward momentum I'm probably looking at a range bound $3000-$5000 USD, probably in a fairly small trading range a majority of the time followed by a major spike/dump which holds on for awhile before another move.

    I'm still bot-trading this environment. I think alts like ETH/LTC/XRP will have higher beta over BTC so if there's a move they'll probably move harder for greater gains/losses. Pick your battles.
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