Bitcoin Forum

A lot has happened in the industry over the week and like every other week, we have handpicked the best stories and summarised them for you just in case you missed any. Of course, the latest trending buzz is the market recovery in the last 24 hours that has gotten many talking and asking if it is the bull run the industry has been expecting. The following are other intriguing stories you wouldn’t want to miss.

Bitcoin

Charlie Lee says Bitcoin will hit 20k in 3 years

This week, Bitcoin got one of its first price predictions in 2019. Charlie Lee, the founder of Litecoin said the asset will reach $20,000 again in the next 3 years. Lee is known for several accurate predictions in the past including the 2018 crash following the bull run at the end of 2017. In fact, he predicted the crash of his own Litecoin which brought the price down by 90%. If Lee says it, it is likely to come true so if you want to take part in the bull market, you may want to hop on now.

Fintech experts predict Bitcoin will rise 84% in 2019

In another price prediction, Ben Ritchie, CEO of Digital Capital Management and Fred Schebesta, HiveEx.com co-founder have said Bitcoin will attain 84% rise before the end of 2019, placing it at a price of $9500. This may be in line with Lee’s prediction which places Bitcoin at $20,000 within the next 3 years. The rise will be slow and steady according to the prediction, but we will get there.

Source: ZyCrypto (https://zycrypto.com/bitcoin-to-rise-84-in-2019-bitcoin-etf-to-be-eventually-approved-abra-supports-xrp-for-buying-traditional-assets-this-week-in-crypto/)

These are positive reviews and predictions of what can happen soon with Bitcoin and of course we are all ecstatic about these as we are all awaiting for the time when Bitcoin will finally be moving upwards and into the "moon" whatever and whenever that can be. People in this industry are all longing for the so-called "bull run" to happen soon but I think we have to wait and be patient as 2019 can be the year when many foundations and infrastructures for Bitcoin can be established for its long-term growth. Let's all remain positive and hodling on as much as possible.

It's normal for those people to be extremely optimistic.They run crypto businesses and they want all their predictions to happen,because this will make them rich.But that doesn't mean that any of this shit will ever happen.Wishful thinking is not a market analysis. ;D

Positive predictions from biased investors in Bitcoin is not good news.  ::)  It is beneficial for influencers to make bold predictions on Bitcoin, with no facts or proof to back up those predictions. They simply want to hype the probability of a new Bull run, for people to start investing in Bitcoin and for them to make more profits, when the price increase.

I would be very exited if someone from the SEC gave some insider information on a possible approval of the Bitcoin ETF, because they are not supposed to be invested in Bitcoin and they will be unbiased in their comments and predictions.  ;)

84% seems extremely specific...

When the financial media (CNBC) starts trotting out Tom Lee and Arthur Hayes again, that's when we really need to be worried.

I am more inclined to believe a less-specific prediction like Charlie Lee. The only thing that could prevent a climb to $20k is an economic depression or the sudden adoption of a competitor; however that has yet to happen and I don't foresee it happening. Nothing has ever come close to beating out the original bitcoin. Which is a testament to the brilliance of its revolutionary design.

All of these expectations are in line with the current, and if the expectations are validated in the past, it does not necessarily mean that they will be ratified in the future.
We heard a lot of astronomical numbers beginning last year but there were a big price crash and a change in expectations.
In the end, everyone guesses according to his concept and according to the angle that sees but the price does not recognize the laws.

$ 20,000 is a large sum for this year and not impossible but very enthusiastic hope.

Fintech experts.... I don't think that any of these "experts" have any credibility left to even talk about the price, especially with how they back in 2017 and even 2018 failed with every one of their predictions.

Generally, if you keep guessing you'll be right eventually, but not in this case. Tom Lee should stop accepting item requests from outlets such as CNBC and focus solely on the legacy market....

An ETF will be approved eventually, I think so too, but in the most trashy possible form, namely, a cash settled ETF that's meant to combat the demand for spot Bitcoin. People are way better off without this garbage.

Those are experts of the same caliber as Bobby Lee and Max Keiser who predicted that bitcoin would go above 20k in 2018 and that it wouldn't correct below 10k USD. :D
Most of those people are delusional and are taking numbers straight from a crystal ball. Even if the ETF gets approved this year, which sounds very likely, there won't be some incredible influx of investors. They already can buy coins on OTC markets and there are custody solutions present for them not to worry about the  safety of their coins. There's so many bag holders out there that the road to 20k will be long and bumpy.

well well, another speculation comes out. i wonder how can this people never get ashamed of themselves after they failed to predict (not only once but many times). i don't believe you folks!

I like Charlie Lee, very down to earth and respective of that what adds more value to his own little toy functioning as Bitcoin test-bed.

The hardest part will be breaking the 2017 all time high, and from there you don't have any resistance levels to worry about, so in case there is a bull run in the making at that point, it will be pure madness. If you also add that we have more fiat entry points, and more capable exchanges, way more users and way more fiat should be able to enter without problems.

I dislike those who talk like an OG, but don't hold any coins themselves. These entities are only here for the fame. They haven't done anything for this space.

You know most people when theres an upcoming event they directly believe on having a huge pump of price without even knowing on whats ETF is all about.
Its no surprise with these prize speculations yet we have seen lots of it on past years and most of them isnt realistic at all.

They wont get ashamed since they can say things anytime that do like since its just pure speculation.It just depend if people would just follow or not.

I think Bitcoin would start rising immediately if the whales stopped selling theirs by thousands every single day. I have no way of proving this but I think that since BTC dropped to the level below $6,000, most of those selling it are the whales and most of those buying it are new adopters. It's not that hard to conclude that Bitcoin will eventually repeat and surpass its previous ATH, and that's why many people are buying it today, but some days the whales are selling more than new adopters are buying, and hence the price is dropping during those days.

Charlie Lee's predictions look more or less real. Most likely that Bitcoin will return its former high price of $ 20,000 not earlier than in three years. And then, it will be real only when nothing serious will prevent the growth of the cryptocurrency market. Most likely, we will not see a big rise in the price of cryptocurrency in the near future. Growth will be, albeit with manifestations of volatility, but already smoother.

Its a good development that the two crypto experts Ben Ritchie  and charlie lee predictions weren't contradicting each other, I think they must made a thorough price analysis before making those pronouncements, however I believed that this predictions is subject to positive news that might come out aftermath in the approval of bitcoin by SEC ETF

Is Charlie Lee anything smarter or intelligent from anyone who has write something in this thread? When I read his prediction about 20 000$ in next 3 years, that sounds like speculation of a little child and not a serious business man. We all expect same thing, bear market will not last for years and recovery is likely to happen towards the end of this year, and most likely in the following year by halving approaching.

What I see here is prediction of Lee and Ritchie saying that price will go slow up, and there will be no pump. When we look at such a scenario, it does not look bad due to slow growth and stable prices, but it is certainly in complete contradiction with predictions of some big investors like Tim Draper and his 250 000$ in next 4 years.
 

Yes, I think you're right. The whales are the ones that control the price of Bitcoin... they dictate the price they want to be. 50% have already lost from my BTC.

Guys, I am really ready for any possible variant, what ever price will be and how many years it will take, just, please, no deeper fall :-[
 

If Charlie Lee said the Earth was flat would this warrant a Press article here? Anyone can literally say a random figure they think bitcoin will go to but it's meaningless. Here's mine: Bitcoin will go up and also down in 2019.

Breaking News!

guybrushthreepwood has made the second bitcoin price prediction of 2019 as he stated on the bitcointalk forum:


More as we get it.

Seriously, I would be very surprised if bitcoin ever gets to anywhere near its all time high again, but I'd prefer to be sceptical than naively optimistic waiting forever until bitcoin goes to the moon again.

Those prices are quite modest, it should be a lot higher by the end of this year. They are underestimating the power of the FOMO when the institutional money starts to flow. As soon as a pump begins people will rush back in as they always do

That's also not going to help much, especially if the bear market turns out to drag on all the way till 2020. If you're semi skeptical now already, you're going to lose it for sure in 2020.

In all cases, it's a waste of time to wait for anything to happen within crypto if you aren't either actively trading, offering services, working on your own project, or actually using Bitcoin. Most of the people waiting and hoping for the price to reach back to its all time high levels sit at home all day waiting for a miracle to happen. That shows what's wrong with this space. Too much hopium and hello can I finally get rich behavior.

You are right in that no one knows and everything is just guessing. The keys for 2020 and beyond are: use cases and the halving in 14-15 months constraint new supply (the last two times people expected supply to decrease right at the halving, but it took several months for it to show).

I remember dollar parity though and it was the same types of comments: $1 won't hold, then it will never get back to $1 (it had gone back below $1). Same at 30, 100, 200 and 1000. 

Who knows though. It will be worth a whole lot or very little in ten years, if use cases proliferate the former.

I don't know why people are so obsessed with ETF approval.

I think it will harm the decentralization of the ecosystem and it will eventually bring more fluctuations in the Bitcoin price leading to more losses for people who are trading with small amounts of money (compared to the bigger players). We may see a rise but the fall it will be sharper after that.

I'm going to really have a good laugh if BTC somehow manages to close the year at the same price as last year.  ;D ;D



Looking at the numbers this was made somewhere in the 5000 area so right now we have to go close to 200% up from this point to reach the target. O really wonder why they did choose 9500 and not 9750 or 9250. Cheap dice set?


They didn't have any in the first place, there is nobody that can be called an "expert" in bitcoin price.
I can say that the bitcoin price will reach 30 000 in the future, I'm pretty sure it will but when it will finally reach that will it make me an expert? Same for those morons, they nailed it once and now they claim they can see the future.

It reminds me of poor Roubini, he did predict the crash but after that, he failed with his predictions 24 times!!!!

The magical and mysterious institutional money that were supposed to be flowing into crypto since 2015. Wasn't the recent ATH reached without these institutions? Why aren't they investing when Bitcoin is at -85%? I'm not bearish on crypto but I don't see it happening anytime soon and I don't believe we'll reach even 10000 dollars this year. If we go back to the mean of 5000 it's going to be a big achievement.

After seeing year 2018 as a year where the price just fell, I thought those guys who are making price forecasts would give up because of the shame of failing their predictions for last year. I know that prediction is something that can happen as well as something that may not happen. But these guys do not even hit 1% of their predictions. If someone listened to these guys, then the person would get so many losses that would kill himself.

Ok so the experts who are predicting an 84% rise in bitcoin before the
end of the year would potentially be in line with a run up in value prior
to the bitcoin halving which has historically been the case.

I have kind of lost interest in what the "experts" say. It looks like they
are basing their predictions on ETF and LN.