Bitcoin Forum

Guys, this is interesting.

3 years ago Tim Draper predicted Bitcoin at $10,000. 1 year ago he said, bitcoin to hit $250,000

Do you trust such moments?

That's the correct 3-year old interview:

https://blog.bitireland.ie/Video/confirmed-3-year-old-price-prediction

That's the latest prediction (from a party):

https://blog.bitireland.ie/Video/bitcoin-25k-22

Anyone can make predictions. Even you can. For the big number of so called "analysts" and "experts" that are making price predictions, some are bound to get things right just by luck. If you were to listen to price predictions, you might as well just throw a dart at a dartboard with price points written in it.

Never heard of Tim draper guess am not a big fan of price prediction. Mostly newbies are freaked about price analysis(bunch of nerds with a chalk and a board drawing charts). Price analysis is more to me like a wild guess or instinctive urge. If you notice by now when ever there is a trigger to the price it could be upward or downward in continues in that trend until there is a counter reaction.
Get to know the trend, listen to news, read article and then the next action to take would be clearer

You have to understand where Tim Draper is coming from, he is a venture capitalist, investors and I'm sure he has a lot of Bitcoin in his wallet as he famously bought around 30,000 BTC in a public auction. So obviously, he needs to shill and makes exorbitant predictions, so that his investments will grow overtme. Although Bitcoin hits $10,000 in 2017, the $250,000 prediction might take years.

Regarding trust? We are all speculators here, we may even claim that Bitcoin will reach $1 million as John McAfee or it will fall down to $1000. No need to trust those so called experts or those who have loads of stash of Bitcoin sitting in their wallet.

Not sure based on what he is giving his predictions. Probably just some random guesses. There are shit tons of people like him out there who gives this kind of optimistic predictions just so that people starts to invest on bitcoin. Bitcoin reaching $250,000 within this year or next year is something we won't be seeing right now. I prefer the price to increase steadily instead of sudden jump in price.

i do have to agree with that. they can call themselves "experts" or "analysts" but the truth is, they can only give predictions nothing more than that.
so no authority or individual can say such prediction or speculation is the correct one, because no one can...

I don't include "PREDICTIONS" even by a big name in the crypto world as one of the references to my future strategy.

Even how well-detailed any speculations and analysis are, no one knows what will happen. Might there are chances as always for BTC to hit $250,000 someday but I like to focus more on the closest thing that can happen or should I say "realistic price".

Up to the listeners and viewers if they will buy the prediction. Just don't react too much to the point that they will stick on that mindset. Expecting too much might wreck anyone's strategy in the long run.

There is not actually any precise predictions when it comes to bitcoin and the cryptomarket in general, anyone on the internet can make a shot in the dark and predict that the price is going to get to a certain point, i mean this guy didn't say that 3 years from now the price of the bitcoin is going to be 10k, bitcoin is bound to go up in price since it is popular and has a limited supply so this is an obvious thing that does not need any expertise, the bottom line of this i could say bitcoin is going to reach 30k, it could take it a day a month or 10 years and people would say that i predicted that bitcoin would do so and i was right.

He's 1 for 1 so far. Can't fault him for that! ;)

I wouldn't lump Tim Draper in with all these dime-a-dozen commentators. Draper went balls deep buying into the 2014 bear market. He was a true believer when Bitcoin was at its worst, not someone like John McAfee or Tom Lee or Brian Kelly jumping on the bandwagon in 2017. In hindsight, his 2014 prediction ($10K by 2017) was very reasonable given the price history and adoption curve. This prediction from 2018 is very reasonable too.

4 years to do one 12.5x move above the previous ATH? That's conservative by Bitcoin's standards. :)

He might be right on this first prediction but his current prediction could be wrong.
I suggest you trust your own instinct, it's not bad to follow prediction from someone but we need to carefully analyze it as well, but if you hold for long term, you'll be happy with his prediction but I just think it would not come as easy as we think, it would take time for sure.

Anyone of us can make a random prediction which is comparing into a previous chart price or you are analysis. Maybe Tim Draper(ain't even know who is this) was correct at the first prediction or just a coincidence that the price he was predicted was right. The crypto market is unpredictable even there are a lot of very well-known people who were claiming an expert in prediction but they are wrong at laugh at the end.

Don't trust anyone who claims a good in prediction, much better if you research your own than relying upon other ideas which is lead you from mistakes.

 Every predictions should be respected, and if you find it disturbing just don't react. If we do our own efforts of seeking for good understanding and ideas of course we won't believe to what other says. Be at your own company and don't bother of someone who could contribute to the mistakes you have committed on trading.

I am really enjoy reading the bitcoin prediction articles written by those who called expect and analyst,

Correct: Tim Draper – $10,000 (by 2018)
Correct: Mike Novogratz – $10,000 (by April 2018)
Tom Lee – $91,000 (by 2020)
Ronnie Moas – $50,000 (2020)

For me, they just got lucky, even they equip with lots of tools for monitoring the daily activities and changes in BTC price, they couldn't tell when and how it would hit the price in the future.
 

Prediction is allowed but you should not invest base on the information you get online. The best way to invest is always through your personal research and analysis. I have decided to invest after the convention on the next market move through my personal analysis /research. So many people have said one thing and another but it is good that you accept what is actual and stop depending on other predictions about the next bitcoin actions.

The problem comes when these predictions sort of manages to "bait" some people into buying bitcoin because "the expert on CNBC said it will go to the moon!", and then, the price instead goes the other way. I know, they shouldn't listen to other people for financial advise, but still; I'd rather hear the Antonopoulos response when talking about price: "the price in 202x will be between $1 and $1,000,000"(non verbatim). As to give people realistic expectations with price.

I'd rather hear these people talking about the positive things bitcoin can do.

the problem of this prediction is the argument he used, he said:


this will be difficult because there are many countries that create many barriers in the adoption of bitcoin, there are many poor countries where their people are very poor and they will not have much money to buy many bitcoins, so his argument was very unfortunate, his prediction will be impossible to reach


This is another strange thing, I suppose you do not read the news

Obviously, we're all guessing; some do so blindly and some do so in an educated manner.

The thing with predictions is that people rub it in your face the moment they are right, but no longer talk about it when they are wrong. By doing so it might seem like certain individuals know what they are talking about, but that's merely because they only show up when they are right.

I have even seen TA people on social media delete posts/articles/videos where they were wrong to keep their ratio of being correct as high as possible. It's one big shitshow.

No, I never believe that the value of BTC can surpass more than $ 20k this year and the next year. You can see that the value of BTC is now very high. Because the whales are laying different and continuous traps pump and dump the price of BTC.
Many traders have lost more than $ 10k in the last few days.
If you continue with this situation, traders and investors will not continue to buy BTC, because they know that it is a trap of whales. And surely its price will not increase sharply for a long time.

Yes right, they just happen to predict the price of bitcoin, then they won't know where the price of bitcoin will go. For me, predictions from other people like that become my consideration in analyzing the price of a coin and not even taken the prediction outright. I believe in their predictions that bitcoin will rise, but their target is too high to achieve.

I'm not saying that $20,000 will happen this year or next year, but boy you are definitely hugely underestimating Bitcoin. $20,000 is definitely very possible this year, and a lot more possible next year. Remember in 2017? Bitcoin's lowest point was around $1,000, and it peaked at around $19,000. Whales definitely have a significant effect over the markets, but they definitely don't have anywhere near 100% control.

But then again, I'm only saying that it's very very possible.

There is a huge difference between 10 thousand dollar value and 250 thousand dollars. I mean we are talking about x25 right now if we reach that high and that sounds a bit difficult to hit.

There are many experts seeing bitcoin market cap at 250k each bitcoin because that would be equal to some of the biggest marketcaps and they think it can rival with the biggest ones but can't be bigger than others. That is why 250k if it happens would be the max it can hit without inflation kicking it further above with others, which means it should not be reaching there for a little more while. I still think its unlikely and just because he was right once means he would be right again but at the same time I believe there is a possibility of it happening eventually.

I am also interested in the views of experts, but I use it only to broaden my view. When come to the future of price, my own thought is always on top. There are so many experts... and the likelihood of one of these ideas being true is as many as they are. If you keep watching him, you will see that he also make mistakes, and that is boring. Because instead of looking for the right in yourself, you will look for someone else.

What time frame is he speculating for bitcoin to reach the value, if the time frame is reasonable, then I dint doubt it, we don’t even need anyone’s opinion before we know that bitcoin will one day reach such value and above because of its finite supply, come 10 years’ time, all these value we are seeing presently will be the lowest value that we will ever see these coins have in some years to come, with more development that is come along their way.

Three years ago, many people also predicted that bitcoin will get to $10k, and I have even see people predict them of bitcoin surging up to $13500. Anyone that knows bitcoin very well and its concept, they will know that bitcoin has all the potential to even get to $500,000, but that will be with some certain condition too such as full blown adoption and many more.

It's a bit over the top, but during a bull/fomo run the low supply of Bitcoin is helping it to reach levels you don't think are possible to be hit. I have seen how dry the order books were during the 2017 bull run.

In order to buy a few hundred coins at once you needed to buy the price up by 5%. I also remember having seen the local exchanging services here were out of coins and offered people 10% over spot out of desperation.

In 2017 the price peaked at $20k but it could have gone well past $30-40k too, and maybe more if exchanges didn't need weeks to process verification requests. Bitcoin can do crazy things.

Now price prediction does not work as well. But we can predict because crypto worker can be done anything also prediction. People do not know about the market, so prediction can be wrong or right. You should not depend on price prediction.

Definitely, I agree. All of us here can make predictions yet, there is no accuracy. Even veteran or newbie is predicting prices in market. However, they cannot really predict the price. That is why, it is said to be predictions. However, as of now we can see that the price of bitcoin wants to break the highs. And I think it would go more above 15K dollars before September comes on.

No, I don't trust that kind of talk. Forecasts are always just a poke in the sky. Just a guessing game. So don't believe it. You need to build your own forecasts and stick to them.

predictions can be made several years later, with luck predictions coming, but not all predictions go smoothly, is it good to make a strategy that works with existing trading methods

It seems to me that lately it is becoming more and more difficult to analyze and predict.  Of course, if you look at the parameters of Bitcoin, you can still say something here, but for all cryptocurrencies, this approach does not work.  coins from my portfolio still does not show any results, although Technical Analysis has promised a lot.

Bitcoin will reach to 20k this year for sure if not it will reach there before the halving happens. I mean we are already bullish right now and we are nowhere near that halving so that means on top of the current bull run we are having there will be a bull run of halving plus the miners will stop selling for their current price and will sell for higher and you combine all of this to tell me it won't reach 20k?

I would say that is damn interesting, some huge rich whale must sell like a billion bitcoins just to keep us here, it has happened before and I am sure it will happen again some day but as long as that doesn't happen and we are just on our regular market then I am 99% sure bitcoin will reach and go beyond 20 thousand dollar levels once again and break the all time high record.

Cryptocurrencies,I believe, are unpredictable and most of these personalites that predicts the future prices are just publicity-seekers. Others have possessed big amount of bitcoin and wants the price to go up like they wished so they make predictionsto boost the price up. During 2017 bullrun, some predicted that bitcoin will go up to $30k by the year end but this never happened. This year's prediction is from $25k to $100k, but no one can exactly predict what the price will be in this year end.

Most of the Predictions we see, especially in cryptocurrency is just like a game of luck in gambling game, and no one can really predict any price of crypto accurately, we can only have little clue to assist in predicting something within the range which is usually the technical analysis, and maybe some fundamental analysis.

I usually get amazed when I hear that there are group of people that gives signals on cryptocurrency, and I wonder if they are using anything diabolical for vision because I don’t see it so easy to predict, and not even the greatest analyst we have. I have even seem so many predictions form some of these top celebrities who are also financial analyst, and you could so much vouch for them, but later, bitcoin virtually does the opposite of whatever they predict.

Man, it is a prediction. Will you really believe in it. The word says it all.
It cannot be that much accurate.
I can say now that it will go $50k and it might will but I dont really know when.

You should only live for now. Get those bitcoins and store as much as you can if you really think it will go up in value in the near future.
That is all you can do for now if you really have great trust in its technology.

Everyone will come out and say whatever they want just so they can be on the news. He’s not the first that has made predictions before, I have seen a lot of them so called experts that would come out and say one thing other and the public will start believing them but at the end of it all it’s not going to be what they said will happen that is going to happen, it’ will just end up vein being something else. I do know that there are lots of people that believes that the price will get that high, maybe it’s not going to be anytime soon.

if you follow predictions and crypto bloggers, you will loose. if you are not good in trading, go and learn and do your anaylsis your self. chance that you will loose your funds easily if you have to follow bloggers. No body is perfect in this crypto market. they all are predicting. know this. Man kind is greedy. there is always sentiments no matter what. don't much of their prediction.

in all the time we need to make the right decisions only because in the future we cannot predict something to be what is going on so if we do the proper things now it will be reflected after some months so if the value going up then it always good for ourselves otherwise if something was not good also we need to wait for the right time.

No one can predict bitcoin price because of its volatility everything can be change even without a good news or bad news dont rely on other prediction its better to do research and make your own analysis because of that you will not blame others if the prediction is wrong. In the long run Bitcoin is a good investment although you must be aware on the amount of your investment like what I said the price of bitcoin is unpredictable.

Very right! What I believe is that it is not very possible to predict and quote the exact price rise of a coin in question. It is not determined just by one factor in the market and by many more as well. Despite price prediction, focus on the price rise opportunity and invest in the coin that you think could give back some good returns. I think Bitcoin is something to look at.

Price Prediction is a part of the market based on the factors evaluated at some point. Price Prediction is an abstraction and brings more excitement and optimism for each person in the market. That helps us gain more confidence. Accurate Price Prediction will be meaningless if there is emotion in the transaction. and according to me, should not be abused and governed by price predictions in trade.

By the time ten thousand bitcoin users guess different prices, at least one must always match at every point, and that is just the method, because there is no analysis they can do that will be different from those other people who are good at analyzing crypto, and despite how good they are, they cannot specifically guess any value accurately, everything is just speculation that we have all been doing.

The moment people witnessed the bull run of bitcoin, they already have the knowledge of what bitcoin is capable of achieving, and predicting bitcoin to be $10,000 is not new, and many people already knew we would definitely achieve that, and even this $250k predicted, it will certainly happen, but not soon, it will be in near future, when bitcoin supply is becoming very little while demand becomes higher.

Well, 250k$ was too exaggerated dude, its not realistic. In fact, all of us here are free to give some speculation
about the possible price of bitcoin in the future, but it doesn't mean it will happen. But of course, it is
only our opinion why We said it, right? and there are few trading experts can able to read what could be the price
in the future thru in the chart of the graph.

I guess that 15k is a realistic goal for the nearest month. Prediction from a newbie ;D ;D

Many predictions appear in mass media as people are extremely curious about the future. It concerns not only the cryptocurrencies. As you know, all these forecasts fail. If we could predict the market changes, we would be billionaires.

I have heard many predictions already coming from different analysts and different random people.

I can predict that Bitcoin will come to $1,000 next month  ;) ;) :D. Get my Point???
Anybody can predict with the price of Bitcoin but the chances of happening will be low. To be honest, I'm done with this stupid prediction of different people. This just creates hype only.

The prediction cannot be proved because they don't know what will happen later. They only give analysis to the public, and they let the public to analyze by themselves. It is our job to analyze our skills so we can determine and make a decision related to the market. We don't have to use their analysis because they are not always right and we need to check what is happening in the market in the current situations so we can decide what we will do later.

Haha I didn't expect that very huge price amount of bitcoin, I contented what bitcoin have now for the reality 20,000$ is hugeable amount fro bitcoin, but I respect the predictoin of the people what bitcoin goes into the future by their own analysis. Take Note even ordinary people can give prediction

Draper's price prediction of $10k have been achieved while the other prediction of $250k is not likely to happen this year or even after halving because it is not attainable. Tim Draper might have bought some substantial amount of bitcoin and he use his own prediction to encourage more buyers. I also believe that no one can predict exactly what will be the price of bitcoin in the future and those personalities that predict future price and using the media are only seeking people's attention.

I will commend Tim Draper, after all he is a venture capitalist and made a lot of money with his stash of bitcoins he got some time ago. But it doesn't mean he is a qualified expert. No one is expert here as everyone does speculate on the future market price, just like you and me. We are all speculators and we can throw random numbers as well, just like Tim.

Indeed, he could be still right again in this prediction but we might all not agree with it as we also have our own prediction.
Personally, that's a huge amount to reach, probably the market needs to be in trillion in order to have that price and we need to have a new ATH this year.
For short period of time it seems impossible but 5 years from now, guess it could happen as long as adoption continues especially the big investors.

They are mere speculations even from the self-proclaimed "experts". Just believe on your instincts if you are seriously investing on bitcoin. You should know when to invest and rely on your guts. It is good to see good predictions but we need to face the reality here.

That's correct, over a short period of time, it's not gonna happen.
Bitcoin is a big marketcap coin, the number 1 in the market and for the price to rise $250K marketcap has to reach $4 trillion, not easy.  :-X

Most people predict without strong reason, sometimes they also give common reasons. I will believe in anyone's prediction if indeed I think the reason is strong enough. But if they are the same as other people who predict bitcoin for no good reason, then it's better to trust my own predictions.

I know bitcoin will indeed be difficult to predict, many people say next year the price will go up, blah blah blah. They only talk for no reason, they only spread FOMO, and this should be avoided from all of us.

What do you think about John McAfee’s price prediction? I think it is going to be tough for a coin like Bitcoin to cross one million dollar right? Wrong because he put forwards reasons why the price of Bitcoin would rise high and bear in mind that he has been the guy in the crypto whose crypto predictions have always turned to be reality so this is something to think over.

Tim Drapper is a very famous billionaire in the crypto world, and of course, because he invests heavily in it, he will always give good news to this market.
Price analysis is based on past prices, hoping for market repetition and making predictions in the future. I think we should know about it because the market will sometimes have similar behaviors in the past.
I think this time BTC is correcting, I still believe in the BTC price increase in the long-term.

These are just some of the strategies that these heavy investors uses to create a FOMO buy, they are all in a group, once one of them comes to make speech in favor of a certain coin to create fomo buy which they use in gradually taking their investment out, while another person creates a FUD news that will make people panic for them to rebuy the coin back at a very cheaper price.

I personally do not really like predictions from these top people because they are simply just trying to manipulate the market, I prefer that the market to natural work its way into it peak value without any form of manipulation, although speculation is quite great, but when it starts sounding stupid is what becomes annoying to me. We just need to follow these people with wisdom.

There is no way for us except to analyze the market directly, so we know what we need to do. We don't know what will happen in the future. But at least, with the analysis that we make, we can determine what step we need to make, especially if we are stuck in the downtrend. The prediction itself will always come up, but with different people, and they have different purposes too. It is our job to detect what is going on the market, but we don't have to enter the market if we don't want also.

I don't think that should be overly thought about, because they only predict carelessly and predictions that come true are just a coincidence. Sometimes I burst out laughing to hear the men say bitcoin will reach $xxK, that's too crazy,friends, I know bitcoin is able to achieve it but it's not that fast and that's crazy.

If we believe that bitcoin will achieve it, we only need to buy it from now on, but most people only argue here without action to buy bitcoin. I am a daily trader, so I do not believe them because all have a mature analysis, not just talking without foundation.

I think you should not scoff of experts like that. There are actual experts who made money even during 2018 bear market times so it means they really know what they are doing. The sad reality is that in bitcoin world there are a lot of self claimed experts that really has nothing to do with their trading expertise or even their financial wisdom but because they were smart enough to buy bitcoin early on.

If you had thousand of bitcoin (remember bitcoin was super cheap and even 10k bitcoin was traded for couple box of pizza) you would have so much money to play with and would open up couple of websites and business' yourself and then claim you were a bitcoin expert. If you can just see the difference between those people who claim they are experts and the real experts then you will find the real experts suggestions very helpful.

I think you mean $100,000 because I dint think you are actually serious with that $1000, there is no level of dumping that can ever make bitcoin see that value again, that is a value that is already bygone and dead already to bitcoin and the lowest value I ever see again is $6000, and that will be after the bitcoin bull run when it sets another new ATH.

I know that prediction done by some people can be very tiring and annoying, especially the ones that looks quite not realistic, but speculation has still played a very good role in the uptrend of bitcoin and some cryptocurrency, speculation sometimes encourages people to bring their money for investment, and the more demand we have, the more we will see the increase that will make our investment mature.

Maybe he is just trying to let us stake our bitcoin lol, to avoid the level of dumping that we see in the market, you know that things like this are what usually help people stay longer in the market, it makes them set a goal, and maybe few people would make the decision never to remove their coin till draper’s prediction of $250k comes to past lol.

Anyway, I dint think I need anyone to tell me for me to actually know that bitcoin will get to a very high peak in future, and when I mean future, I don’t mean the impatient type, because we have many people that wants the future to be tomorrow, if there was even anything they could do to make bitcoin reach 1 million dollars the next day, they would do it, but we need to allow the system grow naturally , and with time, this value will surely become visible.