For some of you it might sound far fetched but it´s actually really likely that Bitcoin will reach $50.000 USD at the end of 2018. It actually just got mathematically proven through a Monte Carlo Simulation, which runs multiple thousands of scenarios in order to predict the most likely one to happen.
On the Picture below you can see just about 200 random runs, which are almost all pretty much above current price levels, predicting a bullish future for cryptocurrencies overall as BTC is still calling the shots in regards to pricing.
Based on those several thousand scenarios a new chart can be created, which shows the most likely price to be hit at the end of this year. To make it short the most likely scenario is for Bitcoin to reach a value of above $50.000 USD or about 5x of it´s price today. That being said, I´m bullish, what about you?
(Source - Medium.com / Author: Xoel López Barata)
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i 'dnt know bitcoin hit 50K$ in this Year But Sure Hit 100K in 2020 .
So Hold Bitcoin if you have , Cheers . :)
I think it's a conservative estimate, I can see it going a bit higher
no man 30k is enough i think fot this year
This is highly likely to occur and am agreeing on the $50000 USD price for bitcoin by December. As for Steem, it could go to >$40USD by the close of 2018.
The problem with this is that there are an infinite number of possible scenarios, not thousands. And the thousands of probabilities loaded into the simulation have a clear bias.
i agree with u ... according to my estimation btc will start rising from 10 feb u cannsee that .....
If we analyze its exponential growth the target could be even higher, most people don’t realize that bitcoin price movements are very different from stocks and other financial markets. It is simply based on its users and with the lightning network probably going mainstream the overall market cap, considering it is a worldwide phenomenon, could be huge.
@steembusiness I am Bullish on Crypto's and on Bitcoin but my question is does STEEM actually out perform Bitcoin in 2018??
At this point, I think anything is possible, but Cryptos in general are here to stay.
i like post amazing @ steembusiness
All trading future simulations use historical data to generate future forecasts. I do not trust too much those methods as historical data on Bitcoin is quite short, plus, it just does not follow at all, traditional markets behaviour. But that being said, it is interesting to read the results of the study as they give you a much bigger view, away from daily news affecting the market.
My personal bet is price will be between 50K and 100K at the end of the year. It all depends on the impact institutional money has on the demand side.
50,000 by the end of the year will be great and it will also open up even more doors for blockchain tech. this is just the beginning of what blockchain will bring to the world. i cant wait to see what the future brings. hope you dont mind if i resteem this as well
I am new. Why would someone mind if you resteem their post? Cause I have been resteeming something every three days.
I am new as well i just like to be polite
I really don't understand charts. Neither do I believe in them. But I believe in Bitcoin. Its the Optimus Prime of crypto world.
I hope this monte carlo simulation is right o thou i understand its just prediction but also if we look at its growth rate from 2. Yearss back ,i also believe it can reach 50000 usd
Good
Good
As long as the rest of the market follows suit!
I believe in 25k for sure. 50k maybe we still have to wait a little more
Wow, given that bitcoin acts as a barometer for the others and the altcoins, all i can say is: YES! I don't really understand that hairy little chart you shared, but I like what you read from it ;) Thanks for the inspiration!
I also think that is preety much possible. This drops where we are today happen on every start of the year, and than it goes up from Feb/Mar. Good post!
You got my curiosity to check out Monte Carlo simulation. Haha.
i think 50000 by april - upvote for u
This is an eye opener into the world of cryptocurrency
I hope it rises more. its great to see numbers rising to its peak, this year surely will be the peak of bitcoin, i hope so :) thanks for sharing this! :D
I really liked the idea of Bitcoin going $50k by the end of 2018. If that happens we can just imagine it's effect to other cryptos, steem included.
Wow this blog is very nice …Impressive!
The future is bright my friends !! Keep steeming !
Hmmmm. I wouldn't put my house on a random number generator/simulation. Crypto is random enough as it is, without adding that to the mix.
It can definitely go higher, and I wouldn't rule out $50k, or higher. But a lot of the price is in market sentiment, and how far can that stretch?
If we do get to around $50k, there'd have to be some serious regulation attempts by probably all the major governments. I'm not sure what will come out, or be made of the whole bitfinex/tether situation.
USDT trading pairs, and people holding and trusting USDT could become a big issue in 2018, and if that doesn't go well it could shake sentiment and hurt the whole market.
But hey, what do I know. I've only been into crypto in any serious way for about 3 or 4 months :) I'll still be here because crypto/blockchain is going to power the majority of the Internet in the not-too-distant future.
Interesting simulation. I'm bullish on BTC for 2018, but I'm unsure of its price position for the end of the year. I guess it really depends on how Alts do - both prices are interconnected, so we'll see what happens
I think it is quite probable with Segwit increase and Lightning Network.
Thanks for this post @steembusiness.
That is about where I pegged it going into the year. When it was at $15K, I thougtht BTC was good for a triple...not a bad return but low for crypto world.
I wonder, did you run the simulation for STEEM...it would be interesting to see what it came up with for that.
The thing I like most about news like this,is good bitcoin news means good things for the rest of the market. Steem will outperform bitcoin for sure this year IMO.
The funniest part is when I first saw the title I thought you were saying it was going to hit $50 dollars. Us Americans and the way we view decimal points! LOL
Wow!!! That would be great. But i really cant see this happening. It's a long shut... God keep us all till then