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Title: Price Prediction by Vinny Lingham, steady 2-3X gains every year Post by: shannen87 on February 14, 2017, 06:25:07 PM The only person I follow that predicted correcty BTC price in the past is Vinny Lingham. Hands up.
He said that BTC will reach up to 2-3K at the end of 2017 and it will surpass Gold's price for sure. Here's a quote from his latest article everyone should read. Quote We should be aiming for 23x gains every year for the next couple of years, and then those returns should be steadily declining over time, but always going up and to the right the power of compound growth will ensure that we still get 20x returns, but over a longer period of time and in more sustainable fashion. The more stable that Bitcoin becomes, the more it will be a store of value, and eventually it will become a currency which will usher in a new era for Bitcoin. This could take 510 years to play out, but ceteris paribus, it should happen. Source: https://vinnylingham.com/bitcoin-commodity-store-of-value-or-digital-currency-93457cd27c9c#.t50kpdj30 and one more quote Quote I do expect a 2 -3x price growth overall in 2017 for the USD/BTC pair. This may result in Bitcoin prices in other currencies being up 4 -7x, but I think its fair to say that USD/BTC pairing is what we should use as the benchmark. Quote What NOT to expect in 2017 for Bitcoin: Parabolic growth (not 20x) (i.e. Bitcoin $10k is probably not going to happen in 2017) A hard fork. We all saw what happened with Ethereum so I would give this a 5% chance of happening. Title: Re: Price Prediction by Vinny Lingham, steady 2-3X gains every year Post by: cellard on February 14, 2017, 06:41:47 PM The only person I follow that predicted correcty BTC price in the past is Vinny Lingham. Hands up. He said that BTC will reach up to 2-3K at the end of 2017 and it will surpass Gold's price for sure. Here's a quote from his latest article everyone should read. Quote We should be aiming for 23x gains every year for the next couple of years, and then those returns should be steadily declining over time, but always going up and to the right the power of compound growth will ensure that we still get 20x returns, but over a longer period of time and in more sustainable fashion. The more stable that Bitcoin becomes, the more it will be a store of value, and eventually it will become a currency which will usher in a new era for Bitcoin. This could take 510 years to play out, but ceteris paribus, it should happen. Source: https://vinnylingham.com/bitcoin-commodity-store-of-value-or-digital-currency-93457cd27c9c#.t50kpdj30 and one more quote Quote I do expect a 2 -3x price growth overall in 2017 for the USD/BTC pair. This may result in Bitcoin prices in other currencies being up 4 -7x, but I think its fair to say that USD/BTC pairing is what we should use as the benchmark. Quote What NOT to expect in 2017 for Bitcoin: Parabolic growth (not 20x) (i.e. Bitcoin $10k is probably not going to happen in 2017) A hard fork. We all saw what happened with Ethereum so I would give this a 5% chance of happening. I agree with the price prediction of bitcoin surpassing gold in 2017. There are 0 reasons that gold should ve more valuable than bitcoin. Gold is obviously manipulated as hell, it is cumbersome to carry, it is a mess to try to transact around the globe... the only thing it got over bitcoin is network effect and we will slowly get there. Title: Re: Price Prediction by Vinny Lingham, steady 2-3X gains every year Post by: 600watt on February 14, 2017, 07:16:20 PM on jan.14th mr lingham boldly predicted that price will never again go below $800. he was right so far which i think was an incredible call. (i think price was around 810 when he twittered this). 2-3 k this year? yeah! 8)
Title: Re: Price Prediction by Vinny Lingham, steady 2-3X gains every year Post by: Chef Ramsay on February 15, 2017, 07:12:12 PM on jan.14th mr lingham boldly predicted that price will never again go below $800. he was right so far which i think was an incredible call. (i think price was around 810 when he twittered this). 2-3 k this year? yeah! 8) Kindly post that tweet or something thereof here - https://bitcointalk.org/index.php?topic=1161207.1660 It's been getting delusional lately.Title: Re: Price Prediction by Vinny Lingham, steady 2-3X gains every year Post by: cengsuwuei on February 17, 2017, 02:42:31 PM online trading, bitcoin trading, altcoin trading, forex trading
every year only get return 2-3 x or this mean profit and return 100-200% is not big profit Title: Re: Price Prediction by Vinny Lingham, steady 2-3X gains every year Post by: shannen87 on February 17, 2017, 03:04:55 PM online trading, bitcoin trading, altcoin trading, forex trading every year only get return 2-3 x or this mean profit and return 100-200% is not big profit 100-200% annual profit IS BIG. Imagine having 10,000$ and in a year... that means 30,000$... so 20,000$ profit. Now divide 30,000$ in 12 months... it is 2500$/month. NOT bad at all :P So, in 5 years from 10,000$ you will end up with... 110,000$... (1000% up) Title: Re: Price Prediction by Vinny Lingham, steady 2-3X gains every year Post by: maker88 on February 17, 2017, 03:22:16 PM online trading, bitcoin trading, altcoin trading, forex trading every year only get return 2-3 x or this mean profit and return 100-200% is not big profit Show me ANY other type of investments with a good chance of 100% annual return. Seriously. It is pretty commonly understood that a measly 10% return is pretty above average over the course of a year, in traditional investments. Title: Re: Price Prediction by Vinny Lingham, steady 2-3X gains every year Post by: BrewMaster on February 17, 2017, 03:30:28 PM online trading, bitcoin trading, altcoin trading, forex trading every year only get return 2-3 x or this mean profit and return 100-200% is not big profit i wish, like you, i could live in a world where 2-3x profit annually on my investment could have been considered "low"! Title: Re: Price Prediction by Vinny Lingham, steady 2-3X gains every year Post by: gentlemand on February 17, 2017, 03:51:41 PM Quote The more stable that Bitcoin becomes, the more it will be a store of value, and eventually it will become a currency which will usher in a new era for Bitcoin. That's the most interesting quote and something not enough people have picked up on elsewhere. True usage as a currency comes last and that's the really unpredictable bit. For a small amount of people at present it's a currency, for the overwhelming majority who do spend it regularly, and it's probably not very many, it's just a fine way of sending fiat. online trading, bitcoin trading, altcoin trading, forex trading every year only get return 2-3 x or this mean profit and return 100-200% is not big profit Man, crypto has spoilt you. Try moaning about that type of return in the real world and you'll wind up having a new arsehole torn for you. Title: Re: Price Prediction by Vinny Lingham, steady 2-3X gains every year Post by: quake313 on February 17, 2017, 06:04:17 PM Quote The more stable that Bitcoin becomes, the more it will be a store of value, and eventually it will become a currency which will usher in a new era for Bitcoin. That's the most interesting quote and something not enough people have picked up on elsewhere. True usage as a currency comes last and that's the really unpredictable bit. For a small amount of people at present it's a currency, for the overwhelming majority who do spend it regularly, and it's probably not very many, it's just a fine way of sending fiat. online trading, bitcoin trading, altcoin trading, forex trading every year only get return 2-3 x or this mean profit and return 100-200% is not big profit Man, crypto has spoilt you. Try moaning about that type of return in the real world and you'll wind up having a new arsehole torn for you. Maybe he's being sarcastic about those returns not being amazing? Title: Re: Price Prediction by Vinny Lingham, steady 2-3X gains every year Post by: Vaccinus on February 17, 2017, 06:18:25 PM online trading, bitcoin trading, altcoin trading, forex trading every year only get return 2-3 x or this mean profit and return 100-200% is not big profit Show me ANY other type of investments with a good chance of 100% annual return. Seriously. It is pretty commonly understood that a measly 10% return is pretty above average over the course of a year, in traditional investments. yeah but not in crypto, in crypto 100% is very average, many altcoin have done much better than that within a very short time, still think that Vinny is overestimating here because he is excited, but it can be yes maybe as a new ath? who know, one thign is sure bitcoin is bound to increase, that's what i learned Title: Re: Price Prediction by Vinny Lingham, steady 2-3X gains every year Post by: gentlemand on February 17, 2017, 06:20:22 PM Maybe he's being sarcastic about those returns not being amazing? I'm willing to bet 1 Doge that that isn't the case. If you're balls deep in alts then insane returns and equally insane losses are par for the course. And most people here will never have been involved in any 'real' markets. |