Bitcoin Forum

Saw this article being shared by many in FB groups.

https://www.forbes.com/sites/chuckjones/2018/03/17/chart-shows-bitcoin-hitting-91000-by-march-2020/


Any thoughts? :)

(Couldn't find the original source for the "compiled database, statistics and graphs" though).

Bonus:
Source: https://www.marketwatch.com/story/bitcoins-bull-market-intact-expect-91000-by-2020-says-fundstrat-2018-03-15

well
like i say on many many speculation price thread.
if u believe it , just believe it.
no one people will guarantee all of prediction.
me also have speculation about price
and continue hodl , altough on price down and down.

I can say that tom lee speculation can't be considered as a serious speculation. I have seen he was making a lot of prediction about the future of crypto in so many times and the majority of his predictions become fail. The chart is unpredictable because crypto depends on the news and rumour. We know that we will see what will be happening in G20. I think that will give a conclusion about where will we go in the future.
Even some more expertise than tom lee said that bitcoin will worth more than 100k in some years later.

It's possible we could see bitcoin as high as 91,000 or even higher. I think given the current market if people were offered for bitcoin to be at even $20,000 for March 2020 then they would take that. Last time we had a crash close to the current one was 2014 and it took near 3 years to return to the previous ATH. That would mean it won't be until near the end of 2020 or early 2021.

not very clear to me. The last decline is somewhere between 2017 and 2018, but what about the current situation? What if we will sit at a bearish market for 3-12 months like it happened before?

At the moment market is full of panic, negativity and fud so until there are no signs of reversal people will not be happy and they will not accept the fact the crypto is just getting started and it will grow in coming months and years so no need to panic sell at the moment.

Gosh, you are right! Didn't know that the 2014 crash took 3 years to recover!

No one can predict the market movement. even if the big institutions says that bitcoin will go down or up. do not trust any of them. even the news.

Here is the chart of forbes based on your link

https://ei.marketwatch.com/Multimedia/2018/03/15/Photos/NS/MW-GF534_tomlee_20180315103302_NS.png?uuid=c4039a4c-285d-11e8-9465-9c8e992d421e

I am quite indifferent to this speculative news of $91000 and more interested in how bitcoin will have resolved its scalability issues by the same March 2020. The last time we hit all time high of $20000, bitcoin was almost rendered useless due to high transaction fees and extreme delay in confirmation despite it's high price.

this is just speculation, I still remember that some time ago John Mcafee once gave a statement that bitcoin will reach $500k by 2020.
we all want the best, so we can conclude bitcoin price in 2020 is $90k the lowest price and $500k the highest price  ;) :-*

Why not cause $ 100k in a market that can move so fast. The graphic tells everything.

It a decent analysis but 91,000 dollars is a little overboard looking at how much time we are left with to in 2020 and considering how much fear regulators bring to crypto users(traders) I think the prediction should have being half or a quarter of 91,000 dollars.

Should this come true the new elite will be born, fingerss crossed.

you can never predict bitcoin by looking at its charts and not even with doing technical analysis. it may give you some guidelines for the possible futures but it won't tell you what will happen exactly to the number.

price will rise and we will see another huge rise followed by a big bubble at some point but when and how much of it is not something we can predict. the same way nobody could ever tell you by the end of 2017 price of BTC would be $20k!

by the way this is altcoin speculation board not bitcoin.

What are you trying to do. These chars mean nothing if the sentiment of people are too low. I have never believe in Technical analysis . Unless there is legal recognition for cryptos most of the places , it's difficult to see it going 90k

nothing impossible the price btc is raised to $91,000 or more above
and 2020 years is the last in mining of bitcoin, it is possible will be increase there.

It is not a exact prediction it will down also possible in the crypto market. So we just accept the 91k USD by March 2020. But many peoples are afraid in the current situation these kind of predictions are reduce the price fluctuation in crypto market. This coin is one of the trusted coin so we expect 100k USD in 2020.

i'm not sure if i will believe the price could even go much larger than $91K but this $8k price could be the best entry point of someone who is trying to acquire a handful of BTC. there are flaws of btc but we all can see its popularity which is why its going upward and regular people sees it as a good asset to own as its going to be a high value coin that it can reach up to $500K as speculated by someone.

Everyone is guessing, any specific price is just a guide as to what it *could* hit.
In general I do agree that crypto is here to stay and will grow in the long-term.
Also I do think that the December rise was too high, which is why we saw such a big drop this year. It does make sense that there should be a strong rebound upwards, and a lot of people do seem to be expecting this to happen.
The market has bounced back twice now from a bottom of around $270 billion, so maybe the upswing is coming...

It should be 3-4 trillion dollars for BTC to be 91000. It's not easy, but it's not impossible.

Perhaps it will be so, because there was a period when they believed in him and he did not show anything. They waited and got a lift that simply tore all the realities, now maybe it will happen again or not at all, everything will show only time.

I see this price speculation to be a confirm bullshit! Nobody knows the next price of bitcoin, if there have been a true prediction of bitcoin from any of the 'expert'; everybody who have invested in cryptocurrency would have been a crazy billionaires by now but alas. It might even surprise you that come 2020, the price of Btc might be dipping or only be reaching 20k-30k. Just hold your coins!

Maybe that happen and they have chances also it will not happen.  Because maybe bitcoin die after few years or still alive because we know they have a lot of coin that want to become bitcoin.   But maybe it will reach that price after few years. For sure most of us oncs to see the price become very high because if that happem we can get more profit.

hi friends. after btc and alt down due to G20 issues do you think today is the point where all will come back as early? I see all alt have a fairly high rise to 30%.are your expectations the same as my expectations?

Yup, and 2011 was about 2 years. Law of averages says 2.5 years until we see 20k again but such predictions are exactly what TA is based upon and they're so primitive and relatively useless. The past does not define the future.

It is not impossible based on the chart, an upwards trend should continue in the long run but we're all wondering about how long this bear market will last. The chart shows that it can last a long time, although now because it is more mainstream than before i think the bear market will be short with a recovery due soon thanks to this good G20 news.

No one can predict the price even with technical analysis through charts. The price of BTC will fluctuate a lot in the following months. I'm not clear that the price would reach and hit $91,000,but for now it's good to join in and buy some of BTCs since it's a good investment with high value.

It seems to me that all the forecasts about 100,000 dollars for one Bitcoin coin are just empty words. I do not think that their chart showed that Bitcoin would drop from 20,000 dollars to 6,000 dollars.

This chart is so smart. It is similar to my weekly elliott wave analysis and my target is around 80k usd around 2019. I think there is nothing impossible in this expectation and I support this.

These countless price speculations set me off, no one know the future. Now bitcoin is useless, high transaction fee, long transactions, I hope lightning will be more efficient

It is someone's prediction and you may believe and expect it, but I rather expect and will do, what I need to do in the current situation of Bitcoin today, rather concentrating what will happen on a year....

I can say that this is obvious wrong prediction, between 2018 and 2019 there will be no increase but just a consolidation. Even though price does not crash further it usually goes at the same price.

Even if this prediction - based on charts - is right: Nobody knows what will happen in the next two years. And because bitcoin is part of society, social development also has an impact on bitcoin. Many crises are currently flaring up. And some of them have the potential to trigger massive global crashs. Nationalism is growing up everywhere. People no longer understand the world and are looking for simple solutions now. Instead of setting the banks on fire, asylum seekers' homes are burned down. Instead of fighting back for the freedom that is increasingly being taken away from us, gays and dissenters are being attacked. Truths are dismissed as fakenews. Science is dismissed as a lie. Then a growing war in the Middle-East. Increasing aggressions between Russia and the West. China is beginning to show strength. And people like Trump, Erdogan, Putin are not the best ones to calm things down... On the contrary! They heat up the mood to distract from their mistakes.
There are a lot of dangerous ingredients in the soup.
And a severe crisis will affect the bitcoin. It can open the doors wide for a brutal and quick regulation. And the manipulation can be unleashed even more than it already is. We trust in our internet connection. But you can also switch it off. You just have to invent good reasons that are believed by the stupid mass - which is growing exponentially at the moment - and this stupid crowd will tear the internet plugs out of their own walls ...
;D