Bitcoin Forum

I have read this article and I just wondering if those people panic due to sudden price dip will change their mind. I have always a believer of Bitcoin even its price varies every day. But in the long term I know that the price will always go up. What’s your take on this article? Here’s the link https://www.marketwatch.com/story/bitcoins-bull-market-intact-expect-91000-by-2020-says-fundstrat-2018-03-15?siteid=rss&rss=1&link=sfmw_fb (https://www.marketwatch.com/story/bitcoins-bull-market-intact-expect-91000-by-2020-says-fundstrat-2018-03-15?siteid=rss&rss=1&link=sfmw_fb)

Here's my interpretation of this cat.

https://i.imgur.com/U06CZnw.png

Believers will always have their day when the price gets back to soaring highs while the panic sellers are left behind trying to cut their losses. It is a general trend of the current day market to have sudden price drops due to various influencing factors which have always taken a toll on the price indirectly.


This is every believer's words and it has always held true from the past few years now and continues to look the same.

Well, they have some interesting points. For example I've never thought of March being historically worse month for Bitcoin but apparently it's true.
Regarding the "$91,000 by 2020" prediction we all know the numbers can't be accurate to such a degree. That said, I do believe that in two years Bitcoin price will be in the range from $60,000 to $120,000, so their prediction is accurate to an extent imo. Overall, I know it's a click-bait article, but still ... it's a good one imo. :)

The graph shows important details and prediction of how bitcoin behaves as it progresses going up. But these are all predictions that could either become true or would remain like a fiction. All these remains unclear until none will be interrupting the growth of bitcoin. The sudden drop in values of bitcoin is an indicator that the events like banning and some other things negative in aspect put bitcoin's progress to a halt. This could have become true had these negative things had not affected it. Hopefully and maybe in the future.

Bitcoin price declined as of now. One of the biggest mistake I ever had is when I invested in bitcoin before the opening of March, 2018, hoping that I will earn this month due to the FUD news I've encountered when I am gathering information about bitcoin.
Unfortunately, the price continuously crash as of now. In fact, 30% of my investment was already lost. I hope that someday market will be bullished by crypto people.

The simple fact with bitcoin is as long as demand is increasing then the price will continue to increase and I don't see many scenarios in where demand decreases over the next years. There are too many people who are still very bullish on bitcoin and too many who still have no idea about it. If that means 90k by 2020 or not I do not know.

It would not surprise me in the future if bitcoin functions very similarly to gold and other cryptocurrencies are actually the ones that are used for more traditional payments.

Ha ha The chart is not correct. It has a mistake!

Look at the predicted price in the upper right corner. It is not showing $91,000 in 2020.

When viewed from the increasing deficit of the existing bitcoin supply it is very likely that bitcoin prices could reach $ 91,000 by 2020

This. The chart really does not make much sense, but it's interesting to see another ratio for prediction of price.

we go again with very high price forecasts, but honestly, in times like these ( low price ) we need to something optimistic even if it is a just hope for a better future, yet it is already something, in the end at least it has not surpassed certain people with its predictions of $500.000.

reading this: ‘Cryptomatoes’ Grows 5 Acres Of Fruit From Bitcoin Mining Heat (https://cointelegraph.com/news/cryptomatoes-grows-5-acres-of-fruit-from-bitcoin-mining-heat)

“We are using the excess heat for the tomato greenhouse and it is working,” Brejcha confirmed.

In the future a lot more people from several countries will use bitcoin and who knows more things like "cryptomatoes" will be created.

I am also a believer of bitcoin , and I feel confident that it will pump and will go even higher than it use to be. Bitcoin is really unpredictable so anything can happen soon, it can actually rise and reach $50000, it can also drops and go $100, but surely it will always appreciate, we just need to believe and continue supporting it.

This is the goal that bitcoin can achieve in 2020. The cryptocurrency market is receiving a lot of attention from the world investment community, which is reflected in the value of the whole market has increased many times over. years. I believe that bitcoin will be more and more valuable because it is scarce and is used most in crypto types in the market.

Overall Trend of Bitcoin growth is highly positive. It has shown some really good growth in last few years. But right now the environment created is quite negative which is pulling back Bitcoin. If BTC able to survive to all these hindrance, then $91K is not a big mark to achieve till 2020.

To predict Bitcoin's price has become a world wide hobby, in fact it doesn't make any sense since not all variables in Bitcoin's equations are known. It is sufficient that some laws make it illegal or unsuitable or that Satoshi throws on the market his 1 million of Bitcoins, and there you suddenly have no Bitcoin any more.
This being said, there is the possibility that Bitcoin reaches that price by 2020, but it's just a possibility.

There is no 100 percent forecast, but knowing the fundamentals, looking at the charts, can always reduce the risk of investment.

But short-term policy and big events have had an impact on the price of bitcoin, such as the fact that bitcoin has halved every four years and can be predicted to grow.

pro-tip signal: it's not

Would btc ever to reach that heights, it must have been bullish af right now.

I think we should exclude the very early years because there was not enough liquidity till 2012 or 2013. Bitcoin community was so small that we cannot compare prices from those times with market behaviour in 2018.

These charts are just tools to convince people to buy or sell. I do not believe that they are actually reliable or accurate, and I've seen them for the last 5 years. Do you ever hear of committees or AIs or projects that correctly predict the outcome of the US presidential elections? Well, they're just chance; there are so many predictions that it is certain that a few of them will, just by chance, be correct every time since 19__. But the truth is, every year, half of them are wrong. The same thing is happening here, there are charts that were right - but many more that were wrong, that we originally looked at just the same as we did the ones that ended up being right. It's just chance!

No, I do not believe price swings from 2011 are going to help predict what will happen in 2020. The market was completely different then, and a hundred thousand times smaller.

Interesing price analysis from year 2015 to year 2020 the price will reach $100000 but still this is only speculation and bitcoin is a very volatile currency i think bitcoin's price will be decided and affect bitcoin greatly is the desisyon at G20 summit if countries decide to accept bitcoin or not. But always expect the unexpected on bitcoin the price may turn into bullish anytime.

Everything we do in cryptocurrency is speculation and price analysis. There are no sure movement or analysis, this article is just interpretation on what he think what will happen to 2022. That’s why making yourself updated to the world of Crypto is important.

I have to agree that these G20 summit is a pivotal movement for Crypto it’s either make or break. But I’m quite sure that G20 summit will favour the BTC but they will add some security features that will help the investors.

Yes this is nothing more than survivorship bias, in which the results that are wrong are disregarded and those that are right get all the attention, when something as important as the price of bitcoin is predicted we know there are going to be thousands of predictions in fact we have a whole board for it and someone is bound to be right and when the number of prediction is huge then someone is bound to get several predictions right but it is not because he has a great ability to predict he was just lucky.

Whether it was just created as a tool or not it does not matter for me since I believe in bitcoin no matter what the price, I will stick here no matter what, I will not see the price and I will not  withdraw my funds no matter what. I will just continue to encourage more people so that I can contribute for the rising of the price.

If it's just the chart, then it might be possible. But the chart is made from the previous data, using mathematic formula, and it's likely only a theory.
That chart shows only if the development are the same, but in real life, we won't know what kind of thing will happen, maybe there's an incident that might highly affect the market, or others.
But still, i also believe the price will be high, like last year, we won't expect bitcoin to be this high. But i'm not sure if it will reach 91.000 in 2020

Someone has worked very hard to produce this data and I think Bitcoin may go up to $91,000 by 2020 if things go according to these graphs and news. But here's a catch this is crypto currency one of the most volatile currency and things does not end up according to predicted data always, it always better or worse in most of the cases. These things may attract the outsiders but people who are dealing with bitcoin know things are more uncertain here than any where else.

It is possible for bitcoin to even touch 100k dollars after two years. The reason is very simple. Even a little increase in its demand and fame caused huge increment in its value.

By 2020, the demand would be hundred times more than what it is at present and its supply would be even lesser than now which will take bitcoin to the heights beyond the imagination of a common person for sure.That is why it is considered as the method of becoming a millionaire.

If this chart isn't correct, it puts the price of bitcoin at $xxxx by 2020  :P

Yeah because according to G20 they will  not intervene or  regulate Bitcoin or crypto currency in general because it's only 1%of the world population is using bitcoin so far and
It  wouldn't have any effect to the world economy. Meaning bitcoin had wider opportunity to grow since we still 99%of the world population as a prospect to join.

Yeah the G20 thing is a victory for all of us that's why the market is only on swing mood as we have been enjoying a 3 days increased. So by 2020 we may hit $100K.

Let see if you get to $40K at the end of the year. Would like to see the market mature, no more irrational buyers like we have seen last year. Much better to have a slow phase and maybe pick up around mid year and see the price rallying at $40K before the year ends and the cycle continues till 2020.

With the increasing popularity of Bitcoin as many investors wants to own this coin this could be skyrocket in the future but it seems that it needs protection to some big investors who wants to manipulate the market. We can't assure a real price in the future if this is controlled by the whales. They just want to take money from the small investors.

Lots of analysis these days. Dont know how you guys are taking the graph in the positive way always but what I spot here is everyone just speculate the prices of the bitcoin going up in the future after two years or so. But do you guys really think that it will be the case always and your charts will speak the truth after two years in any way possible? Because these charts doesn't count the external and internal factors that may affect the bitcoin out reach in the people or something could happen which is related to the rules and regulation. This way market gets hampered many times and I believe its better to analyse the market daily rather than looking forward after two years.

Far too optimistic in my opinion, though I wouldn't mind if it's become a reality. Bitcoin nearing $100,000 must have a huge effect on the global economy, like being legalized by major countries or a global crisis. I just couldn't think those things could happen in the next 2 years. 10 years ahead? Who knows, the future is getting more certain each day, but its likely that Bitcoin will succeed.

The trend is to the growth. But I don't really see the point to always debate about the price of bitcoin. It can happen so much things that we cannot predict in the crypto.
It's just an hypothesis among thousands of others

Every moment Bitcoin users,investors and lovers are increasing so lets hope that Bitcoin price will go behind the limits but time is crucial as time is the key factor for any event or predicted item.

The chart seems correct and accurate,, but we can’t predict bitcoin price and this chart is just a pattern from previous years.. We can’t expect it to be the pattern of following years to come,, the possibility is at 2020 it can be greater than or lower than 91000$.. We can’t accept the fact that figures are just guides that is helping us decide for our decision and not a futurist truth..

I take a look at the article, it was an interesting read. Well, it's impossible to predict the exact price of Bitcoin market. They make some calculation by researching past markets data analysis. I don't know if they made the smartest prediction about Bitcoin, but I'm pretty sure by 2020, it will be more than $50000.

I don’t know, but how are they so sure that the price will move up to such extent? They are not God, so they can’t predict the future of Bitcoin. Of course we are all very sure that the price will go up to a high price, but as for what extent it can go up to, we are never very sure of that. I’m not trying to say that they are not right, they are right in a way, but they can’t predict the accurate price.

Its still too far too predict btc price, there are numerous factors that can caused the price to change and there are too many unpredictable things that can caused the price to change, that chart is only speculation,  big chances that it can missed so I do hope it happened but I don't believe this chart

That's a very interesting chart you have there. This just goes to show that Bitcoin will continue its existence and there should be no fear investing money and time with it. Bitcoin may experience rapid drops from time to time but the trend will just continue and Bitcoin will always come back even better so there is no reason to believe the bubble theory other Bitcoin antagonist are implying.

LOL. Lot of market specialist that suddenly comes out like a mushroom. Similar to those doomsayers that also popping as well. The chart could be a good measure to see how bitcoin has been doing from the past, but I don't know if it can "accurately" predicts the movement in the next couple of months of even years. Where are the early speculators last year? Not one of them single out that bitcoin could get to $20000. The closest that those experts sees bitcoin is $5000. So it really proves that no one can see the future to even make assumptions that this and that price could be achieved in the next 2 years or so. I'm not saying that we will not get to $91000 maybe we can, or maybe we can get even further above it, but what happens if not? Too much disappointment again? That's why I rather would love to see how it will it go and not expect something big so that I will not be that disappointed if the price this go that far.

I think that nobody can give exact forecasts, everything can change at any time, but I think that it is quite possible that bitcoin will be 90 000 but I am not sure that it will be in 2020...maybe it'll happen later...

The reason why we are here is because of hoping to have gains of profit from our investment. I think there’s no problem with these kind of article even though it is speculative it gives us some insight of others perspective. You cannot say 100% truth but at least we have some basis on the graph. You can use this as your reference on future decisions.

why will it happen later? Bitcoin is growing rapidly in the world and the price is dependant upon the supply so if the demand increases the way it is increasing right now, then the probability of bitcoin reaching the $90k will happen before 2020. I am saying this on the basis of news that Mexico has legislated and are about to start transactions in the bitcoin, China has also removed the bans so more people and countries are expected soon to join the market.

Bitcoin has not steady growth. Satoshi didn't implement some straightforward goal value which Bitcoin will reach in some stated time. We are all depending on the influences and manipulators of the current charts and we cannot predict something that will happen in 2 years. By my own beliefs, Bitcoin can also fall to the 1000$ and bellow till 2020.
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One strange comparison - How many people predicted that the world will end already till now. We are still here and we are investing so the predictions are in my opinion same as the gypsies foreseers visions.

In a far future, I do believe that bitcoin has a chance to increase up to $90000 per bitcoin. Although it still has many disadvantages, people can never deny bitcoin and sooner or later, it will become digital gold. Moreover, the government is not good enough for us to believe on and many people have decided to depend on the decentralized system, like the blockchain

I doubt about it. Since bitcoin fees will be very very expensive when the price reach $91.000. it will decrease people desire to buy bitcoin. Some people have to solve this problem first, maybe bitcoin price will be stable at $10.000-$12.000, at least before halving.

yes, I agree with your opinion, predictions only predictions alone can be true and not. indeed negative news about bitcoin can also affect the stability of bitcoin prices, of course we do not panic, always positive thinking, using what we can do.

This not very unusual of digital market to fall down and get up once again. Bitcoin has a bright future and it can touch 40k dollars by the end of this year. The last year closing value was 20k dollars.

Gaining 20 more this year is not a very difficult task for a coin that has the greatest potential of growing. Bitcoin can be worth 100k dollars also if such a long period of 2 to 3 years is given to it.It is destined to soar up that much.

There is no harm in choosing this graph as a reference in the consideration and final decision to invest. But remember, prices are never the same every year, and things that can have a major impact on bitcoin prices that do not happen regularly also need to be considered.

Ahahaha, millions and millions of predictions... To be honest, I tired about it. And all of them can't be true.

BTC will rise but not as high as 91,000... and at some point some other coin/token/platform will replace it's leading position.

Those are only price speculation of bitcoin in the future but the margin of error of that speculation is very wide, meaning that is not accurate. We don't know what will really happen in the future. The important thing is we are here to support the cryptocurrency.

Prices for bitcoins are unpredictable. All such guesses are based on the history and personal experiences of expert traders that are inputting best of their knowledge. As far as the prices in next few years are concerned, define we would be seeing bitcoins above $35000 as basic level. But this price may range more than this or even bad times comes, we Amy see bitcoins at $20000 around.

What is the point of having a bitcoin so expensive? none

Well, I think it’s like to predict rain in a month. Everything is possible.

The prediction is taken from the ceiling like all the others like it. With the same success could be counted and 191.000 and 1.191.000 by 2020. I do not understand the meaning of such "studies" and why people spend time playing oracles. It is impossible to predict the price of bitcoin even in the perspective of several months, not to mention the years.

Well if there's no event that happening like crypto ban or hacker,the chart will likely become true.We all know that there're many factor that influence bitcoin price,i just hope there will be a good news that make more investor to join bitcoin and make the prediction come faster or exceed the expectation.

Absolutely, thats a big point on you, for me i will consider the chart is gonna be unpredictable to happen as everyday varies the value this is because of some factors may contribute in making whole digital market will change. Its unpredictable to happen eventhough some as will expeculate what currency of bitcoin in this months it answer with a possive increase but now how is it going it merely up and down the value how much if the if all giant site will strickly implement a banned cryptocurrency it could be the chart is useless.

Predictions is only a guess. Sometimes it will not happen and sometimes it will happen, no one knows. All we need is wait what will happen in the future. If the amount will at ceiling then many will be happy.

With the graphs you can prove anything, just use the model that makes us more comfortable and you can show that the bitcoin will reaches
 zero or a million.
The reality is that this is an extremely unstable market and nobody knows what will happen tomorrow.