Bitcoin Forum

https://www.cnbc.com/video/2017/08/09/this-is-why-bitcoin-could-be-the-new-gold-tom-lee.html

Good video with some good bullish predictions in national american TV.. it looks like all these boomers are catching up slowly. That woman say that she owns several cryptos because she thinks it will be like the early internet stocks, and she doesnt know if bitcoin will be the one that wins.

Now they just need to learn how 99.99% of altcoins are shitcoins.

Bitcoin price rises->everyone talks about the problems of BTC and the risks and how criminals use Bitcoin etc...
Bitcoin on the rise-> bullish previsions of Bitcoin going to 10k/50k/1M etc.

Bitcoin is being manipulated by the news as the other markets. Bullish?

Cryptocurrencies are exactly like the early internet stocks before the dot-com bubble.
After the crypto bubble bursts,the only two currencies that will survive will be bitcoin and ethereum.
All the other "shitcoins" will be gone.
It`s good that bitcoin gets recognition on CNBC,we need more "free advertising" for btc. ;D
That woman doesn`t know that much about the blockchain and segwit,i guess.

That is no manipulation at all. Everyone is free to make their own predictions. If they give you the opportunity to go on live television and they ask you for an honest prediction for the next years, you can say whatever price you want, that's not manipulation, it's just an estimate, and I think it's pretty good. $50,000 to $100,000 is what my calculations tell me the price of BTC will be in around 2030 when the coins that get into the system are really low, and sidechains and lightning network payment will be at full steam by then allowing for everyone on the planet to transact in BTC.

I think we will see a few more than just bitcoin and ethereum, I have been a fan of XEM which is I think a better proposal than ethereum.

A lot of the fat will be trimmed once crypto really gets mainstream and we will end up with a handful of decent coins / platforms and I agree a lot of the useless coins which there are at least 700+ of right now will eventually die off.

I have been noticing a positive sentiment change amongst most of the main stream (local and non local) news sources. It wasn't all that long ago where they were reporting about Bitcoin only in cases of idiots demanding ransom in Bitcoins, people using Bitcoin to buy drugs from deep web markets, people buying weapons with Bitcoin, large scale money laundering, etc. I find it already a top achievement that they are letting this go and start looking at Bitcoin from a different, mainly less negative, perspective. Regarding altcoins, I don't see this as something that concerns me - people have the freedom to invest into whatever they want. In some cases people are genuinely interested in the features certain altcoins offer, or better said, what inconveniences they solve that Bitcoin doesn't solve, and not necessarily in the speculative aspect. But as you also pointed out, these projects account for an extremely low percentage of the altcoin market, the rest is pure trash.

I share your opinion, but what will happen if future will correct our expectations, and bitcoin will be pushed into oblivion by some new predatory altcoin.
As you said 99.99% altcoins are shitcoins, but what will happen when we will encounter this 00.01%? It might be the end of our dream of Bitcoin dominance.
Plus, I don't believe that bitcoin's price will rise to $20k+ without major adoption happening in the meantime (maybe India will accept BTC?).

Well I hope that BTC will rise more and more and then get´s unstoppable, and therefore I think a "manipulation by the news" is not really a manipulation in this case, it´s more like influence. There is no centralized organisation behind BTC and so there are no sponsored ad´s or something, this is why I appreciate everything bitcoinrelated from the news.

Well, this is to be expected. The mainstream media will slowly catch up to what's happening with the cryptoworld especially when the price of BTC increases every month/year. I think, this will bring more positive exposure for bitcoin, I guess?  ::) . . More people will be curious about what BTC is and will hopefully, bring more money to cryptospace. The prediction is not out of the horizon in terms of future BTC price but we need more time to get there.

They are exaggerating the news regarding bitcoin. This is a good strategy for them since more and more people will be aware and since they have btc it is actually a good move. Especially people nowadays are gullible when it involves money. If you mention great profit, people will jump on without understanding what they are getting themselves into. All for the money, that's it all really is.

I think you're pretty conservative here. Don't get me wrong I like that kind of behaviour. Better not expect too much too fast so you won't be disappointed or impatient.
However I believe $50k at least could be reached way earlier. 2025, one year after the 4th halving this could be a realistic outcome imo.
And it's not just the gold market where money could flow into Bitcoin from. Offshore tax and wealth haven accounts, real estate, bonds and stocks market, derivatives, remittance market etc.

http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/ (http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/)

Furthermore Bitcoin and whatever will be build on top of it and beside it via sidechains etc. will create completely new use cases and create new wealth we may not even be able to imagine right now.
All what Bitcoin has to do is to survive!

Again, this mainstream media specially CNBC are just riding the popularity of bitcoin now. They even have a market analyst that tackles all about bitcoin and making exaggerated predictions about it. Well they have their every right to predict, but why now? Last year we never heard anything positive about the market and now they self proclaimed fortune tellers on where the movement of price of bitcoin will be. I guess publicity is good for us whether is positive or negative so just ride on.

I really don't mind even if they are speculating bitcoin prices. It is free advertisement as other friends said. Maybe it is better for overall trust.

But you guys got to realize this: Back then, mainstream media was pumping BTC to $3000, and a lot of people said "that is ridiculous, it will never happen" or at least not anytime soon. And here we are at almost $3500 and growing. So the thing is, what appears now an impossible, can become possible, and it may seem a bit ridiculous specially in the words of mainstream media, but if you do the numbers, $10,000 to $50,000 is very doable in these timeframes. Just consider what's coming after segwit. We are looking at a potential trillion dollar marketcap after all that technology is deployed.

different speculations (or better say opinions) are always available everywhere. some are more right that others, some are just bullshit, some have hidden agenda, ... you have to look at all of it as information and then form your own opinion about bitcoin price.

I think we can say only 90% of altcoins are shitcoins because some of the cryptos like ethereum, waves, lisk are offering something which bitcoin can't offer and they also have real life use cases. Thats why they are also pumping hard just like bitcoin and I think investing in multiple alts like these ones is better than investing in just one alt or bitcoin.  ;)

It's because they're seeing the continual price rises and want to be part of it. I bet some of them wish they'd bought last year instead of rubbishing it for being criminal.

Not anymore. With sidechains, Bitcoin can do everything that most altcoins can do, including Ethereum. With Rootstock you can do everything that Ethereum deliver, smart contracts, ICOs, tokens etc, as far as I know.

Also Ethereum is a scam as far as im concerned, the way the coins were distributed is so dodgy. Developers control most of the supply. That should raise alarms already about scammy products.

Just because bitcoin can do the same thing or implements new features like smart contracts in the future, doesn't mean everyone will flock to bitcoin or remain only strictly bitcoin.

I am hearing these sort of dream valuation for a very long time,statistically and logically thinking it should be the right price with the amount of users increasing in bitcoin with every year and the number of countries trying to tax bitcoin in the name of legalizing it so that they could earn the profits made by the citizens, these things could have a bigger impact in the price ,but still not sure about $25 k .

Not at all, because of some people just a winner in altcoin to made quick bucks. Like what was happening with omisego token and friends (NEO, Stroje, and others).
Glad to see the more mainstream media try to pay attention for bitcoin.
$50,000 sounds incredible.  :D

We should understand that this is the same pattern of treatment that mainstream media has been doing to anything that is new. At first they will doubt it, laugh at it and sometimes deride it but when something will stick for long then they will start to evaluate with some seriousness and can come up with some praise and then later they will even join it and stop fighting it.

I am sure that from now on, media would be looking at Bitcoin from another angle. There would be warnings of possible bubble to burst whenever there would be some dips but they will realize eventually that Bitcoin is a different animal in the world of investments and making money online.

lol funny how much there tone change about bitcoin I don't trust there judgment but it will obviously eventually raise to 50k

They just happen to be right this one time

Buy the rumor and sell the news ::). I think me will starting selling Bitcoin before the price of it breakdown bubble growth created by the FOMO on market. When have many good news about cryptocurrency, this is best time for take profit, this is my strategy.

Who knows how high it could go. It's the great Bitcoin mystery. I think Bitcoin has the potential to hit $25,000 a coin in the next couple years.

I think that exactly this kind of reporting is the reason why bitcoin price will reach the mentioned levels.
The more people hear about it, the harder they believe that bitcoin will grow to 25K.
They think it's cheap under that level, so they buy. I'm really looking farward to see wher this will bring us!

Indeed, there are even an early prediction about bitcoin reaching $100,000 and another person think that it can reach as high as $1m a piece.  Though I would like bitcoin to reach that price, it is seems impossible if you look at bitcoins current state.  There are still lots of doubt about bitcoins and the scaling issue is yet to be solved, we are just on the process of patching the solution.  If there is a chance for bitcoin to be around $25k to $50k, I agree that it would take years before that thing happen.

Now bitcoin is rising in price amid hopes of people to make a profit, but things can change. I still do not see the growth of the trade with bitcoin. He still didn't become a full-fledged currency and that for me is a bad signal. I would not be surprised if we see a price drop.

Is it still a good thing to be unpredictable? I think that the way it works, bitcoin will always become like this in terms of other currency because you will really know that nothing bad will happen with fiat currency, if it does, you will know that the economic crisis is from that country and not about the currency well I think it is OK to say that bitcoin is asset rather than a currency.

Bitcoin will not be a currency for a very very long time!! And it doesn't have to. Right now and for the next coming years it will function as digital gold and as a safe haven asset mostly with huge upside potential due to it's scarcity and deflationary nature!
And of course it will drop sooner or later. You can't just have bull runs. There will be bear markets again as well. However I don't believe it will be another 22 months like after the MT. GOX desaster.
We are still very early and everything is possible, either going down to zero or up to hundreds of thousands or even millions USD in today's purchasing power!! Timeframe will be 10-15 years from now on!!

CNBC is the TV that sees Russian everywhere ? If so do not listen to them, they are FUD master. Elsewhere, sorry to them. But in any case, that is still more free publicity for Bitcoin.

Each person decided to make his prediction. I will also make my prediction: in 2021 bitcoin will be more than $10.000


 :o

Why do you think that?

Has many altcoin with real application

If that is true we can at least use this in our favor, when there were only bad news we could do nothing but to hold tight, but now that the predictions are good we can take advantage of this since I think we are getting close to the day the average person decides to invest in bitcoin and when that happens we will make a lot of money.