Bitcoin Forum

The above tweet was tweeted by Willy Woo who’s an analyst, and according to the author he had correctly predicted that bitcoin prices will crash.


Now the same analyst believes that bitcoin prices are bound to shoot upwards, and I’m hoping his prediction comes true like the last one did. What are your thoughts on his predictions, and I’ll be honest I normally don’t like to believe what analysts generally have to say, but I’m trusting my gut and believing in his prediction.

Read the article here: https://www.newsbtc.com/2020/03/18/statistician-who-predicted-bitcoin-crash-says-its-price-will-moon/

Please move this to the Speculations (https://bitcointalk.org/index.php?board=57.0) section. This section is getting littered with price analysis/predictions threads lately.

It is unlikely that the price of bitcoin will grow in the near future, in the next few months this will not happen for sure.

It's really tough to predict anything according to the current market situation, but we might expect the BTC price to go higher around the halving period and honestly we have seen so many speculations like this. I would rather suggest people to go by their own market research and world affairs rather than believing in predictions.

We would need stats and facts in order to speculate bitcoin's price and there must be a solid reason why the price would increase.
Though the upcoming is a good reason for a bullish signal but the current Corona situation has taken the whole world down.
We don't know how long will it last and so speculating anything would just be in vain unless the Corona situation is not over.

Do you know who else predicted the price will crash? Antonopoulos did. And no offense, but I don't trust a random guy I've never heard of. Antonopoulos, on the other hand, is quite reputable within the community. I am not saying that what he says is automatically true, but yesterday I watched a recent interview with him, and his chain of thoughts was convincing to me. Basically, he said that eventually, cryptos will win over fiat, but for now, Bitcoin is as likely to crash as it is to rise when everything else is going down in an event of the world economic crisis which is somewhere close. He also said that Bitcoin is not ready for global adoption, it would not be able to handle all those transactions yet, which is true.
Bitcoin started recovering already, and I hope this process with continue, but perhaps going to the moon is not something we should expect in the near future.

The price has rallied from a $3,800 bottom to $6,000’s you idiot.

The halving is in less than 2 months, it’d be very, very unlikely not to see a large rise before the end of 2020.

Huh, BTC is going up, and at the same time, the financial markets are also in the green (check out stocks and crude oil price)...Hmm.

What does that tell us? is there a correlation there or is it just a coincedence? ::)

If you notice, the price of bitcoin has stabilized over the last week at the level of 5100-5200 dollars, and today bitcoin has risen in price by more than 14 percent and now its price, according to CoinMarketCap, is 5,929 dollars. People have already made their purchases to protect against coronavirus and now there are no special obstacles to the further growth of the cryptocurrency market. Given the first successes in the fight against coronavirus, Bitcoin is already able to continue to grow in price and halving the rewards to miners will have a positive effect.

he doesn't sound like an analyst to be honest. he seems like a day trader with a lot of wishes. before he had a bunch of shorts so he wanted the price to go down and kept repeating it without any analysis. and now that he is done with that, he wants to buy back and see the rewards so he has made a 180 degree turn.

I'm annoyed that Willy Woo retweeted an August 2018 tweet to make it look like he predicted the March 2020 crash.

He didn't predict the crash at all. In fact, he has been very bullish over the past several months. I get it, he's still bullish. No need to try and act like Nostradamus though.

Who the hell is this Willy Woo guy?I've never heard about him?His opinion doesn't matter to me.
Everything is recovering after the first wave of panic.There might be a second wave of panic.Many analysts predicted that there will be W-shaped price pattern,when is comes to both crypto and stock markets.
First dump,then small and fast recovery(like the one we are witnessing now),then another dump,and a possible slow recovery over the next 2 years.Bitcoin price went up from 5,2K to 6,6K USD really fast,but a lot of traders and newbies will sell their BTC,because they are afraid of another dump.This is definitely not a bullish trend.

I am not sure whether Willy Woo anticipated a blood bath in the entire financial market like this when he made his predictions but this was a worst case scenario in the form of an epidemic outbreak and the entire financial market was bleeding and it gives everyone the opportunity to invest during that period to wait for the long haul and with halving coming up and with the past market the price usually rallies and this was the right situation for anyone to invest in the market and when everything settles down the market will rally and try to reach the all time valuation and that is my expectation.
 

The possibility of a rise is there. At the moment, price has come to 6k plus which is a positive sign. The moment that you start seeing green in this time of corona virus which seem like reducing. Halving is coming soon, I'm positive about this price move because many countries have started the fight on looking for vaccine.

I follow willywoo like I do with many bitcoin maximalist and I can say he is not rated in prediction for decision making like its put here. What history does he have in predicting bitcoin price? Any prediction can be reliable in couple of weeks when the virus looks to give an headway on control of spread and available vaccine but for now, the panic is only being control to prevent unnecessary actions by citizens.

At the end of the day, it is still a prediction.
For now, I would love to just see bitcoin setting a bottom of $6k.
I will be happy with that. Just don't want it to go lesser than that number anymore. I am in panic at that moment.

Willy Woo or Willy Wonka, it is still difficult to believe such thing as going to the moon.
Maybe setting a new all time high for this year only will be better.

as long as there is no hard evidence about that, don't get your hopes up with high rises. for now, I stopped looking at charts and estimated the price to be very high. I realized that it was very painful when the price we predicted never arrived. so far, I also enjoy the price of bitcoin at $ 6k.

He is kinda doing a multiple-choice question in exam.
Well, it's really kinda surprised that he was able to predict the crash. But it's kinda predictable after this coronavirus outbreak.
And for me, if Willy Woo is not that kind of famous, he probably not to be well acknowledge on his prediction.
But we are all hoping positive on Bitcoin, after that recent drop last week on around below $4,000.
It's kinda good news for those who were able to buy on those level, let's see how it will go these coming weeks.

The best thing that we can do now is preparing for anything that will happen. We need to stay calm if the price is down again and don't panic because panic will make us cannot see a good chance at the market. You will get your chance to buy bitcoin at a low price, but if you are not ready, you will miss that chance. So as I said before, when you can be ready, you will see that opportunity, and you will not be late to use that moment.

Let's just hope that he is right but I also think that we would start to climb now.
I don't know how high but the price could start to grow soon because of the anticipation of halving and due to the people who would take advantage of the dump.

Nice prediction but I don't think that is going to happen. We've already seen such hopes for super high Bitcoin price but that didn't happen.
Also, I don't think that in current situation it's very realustic to expect big pump of Bitcoin price but maybe that could be possible few months after all this corona crisis is gone and economies in many countries will be affected so Bitcoin might become an alternative.

That's a long set up I guess. Waiting for the perfect moment to come out after he made a tweet for almost 2 years ago, and reveal himself with another prediction.
Anyone could predict, but still cryptocurrency is unpredictable and nobody knows how the market moves.
Nevertheless, Bitcoin is bound to skyrocket after this huge slump. There were always a recovery phase and if lucky a bull run will initiate.

I wish that he is also right about this one the price of Bitcoin is going up slowly.
Maybe there could be a bull run in the up coming weeks or months we could never know but let's hope that his prediction could come true again.
Most of the business right now are taking a huge lost because of this covid19 I hope that crypto would be our way to recover some of those lose.

That is what the real thing is, what we are going to live in the future, that is how bitcoin shows its difference. Just to give an example, when stocks crashed bitcoin went down as well, stocks are not recovered all that much, yesterday bitcoin peaked at around $6.8k for example, that is literally just 10% lost of what used to be, that's it, only a 10% drop from the start of this bad days to yesterday, sure it is lower again today but that is correction most probably, we will go up again to those levels, 7k will be easy.

So, as you can see it is not how we do not drop like stocks, because we do, but it is about how we recover a lot better, when bitcoin is 10k+ and over the price of what it used to be before this starts, stocks will be basically still asking for bail outs.

This looks more like a nickname for another ghost "analyst", which nobody have heard about before. Just another attempt from the hodlers cult to scam you into buying, when the price is pointing to $1000 and you can scoop out six times more coins later.

Covid-19 second wave is coming. Prepare for the dump. Did you take your vaccine already?

His predictions might be realistic or just another baseless predictions but I have made up my mind that I will never go by any predictions as it has failed us on numerous instances and moreover we cannot blame the experts or analysts as well because they do their best to predict but crypto market does not follow any pattern and it doesn't take long time for things to change here.

Let's just follow the market trend and our own analysis with a bit of luck.

The price of bitcoin is on the increase since it crashed to below $4k and it has been steadily gaining momentum. It could go higher in the coming days and weeks, but I don't think we will moon very soon, at least not until the final quarter of this year or early next year.
Of course, considering the fact that we are facing a pandemic anything can happen to the financial markets in the coming weeks.

I have been thinking about the possibility of arbitrage opportunities opening up as countries emerge from this crisis period in different states of course.

Not so sure about that. Many analyst have different perspective when it comes to price prediction, some of them depends on technical analysis and more are purely depends on fundamentals that really make some fud and shills. This is what I dont like on crypto, if there someone who predicted what would it be the price later, many will react as if they also know what could be the real price. Right now were on $6k price and some thinks it will fall down, but what is happening is the reverse. Hedge or not for fiat still vague to depend on speculation such as this guy saying.

I strongly believe that Bitcoin is strong and it’s going to recover after this fall, and that’s the same thing with other assets that were affected by the current situation, they will all recover when the time is right.

For now the world has focused more on solving the issues at hand and once it goes down, people will start trading again and the market will start growing. Bitcoin is doing well, at least has been able to retain its price around the $6000 price rate, though there are some downs at times, it still quickly gets back to that usual growth rate which may get accelerated later by the hype of upcoming halving. I believe halving will be the enough catalyst to land bitcoins to moon in coming months.

Yeah, it looks like it is prime to moon nowadays, I have told people not to sell their coins and I have told many people that bitcoin will not be as badly affected as the other things and many of them believed me, that is the good part.

Sometimes I tell people to be bullish about bitcoin and they ignore me because they think it will go down or they think I don't know what I am talking about and I understand that, you don't have to trust a total stranger with your money and that makes sense, but this time around when I told people that bitcoin will go back up, many of them agreed, which means they weren't thinking about bitcoin going down, they were already thinking the same thing that I was thinking which is the reason why many people agreed so quickly with me on being bullish.

According to his website: https://woobull.com/about/

---

You just have to look behind the motives of these so called 'expert' predictors, behind they have their own narrative as to why they wanted to see the price grow so much. Because obviously, once BTC goes to the moon, all their investments will have a massive boost as well.

adaptive capital literally just went belly up. they're closing after getting destroyed by the recent crash: https://www.theblockcrypto.com/post/59343/crypto-hedge-fund-adaptive-capital-is-shutting-down-after-it-took-a-big-hit-during-last-weeks-bitcoin-price-plunge

so for what it's worth, willy woo just got rekt.......

I think this market will be dead if there is no speculation/prediction anymore. The price of bitcoin will move baser on some speculation that spread on the market. If you don't believe, bitcoin price is increase at this year because there are a lot of people who consider that halving event will push bitcoin price up. So you are free to believe other people prediction moreover if it is good prediction foe bitcoin price.

But you have to be carefull, don't make it as your benchmark. If your intention to invest based on someone else prediction then you have to compare what other people prediction don't only trust one prediction. But for me, it will be hard to believe someone else prediction because there is no one who will know what the future of bitcoin price is.

I wouldn't be telling anyone to do anything in particular except to really just follow their own heart;)

I could never want to feel responsible for any of their decisions, and I think this is the concept that needs to be hit home hard and fast. If you really want to start using Bitcoin, it's important to know that it's money you and only you should control. If you want to start handling that responsibility, then you gotta start wanting to make your own calls with regards to bitcoin investment too.

But to each their own, I guess. Always gotta have the guys who want to follow and agree, and maybe in the end it's good for them.

I like Willy but he is usually bullish. He often shares his prediction on Tone's channel and Tone is a bit too bearish for my taste while Willy is like that breath of fresh air in every bear market :D

I hope he's right. There's not many things that I'd like to see more than Bitcoin back at 20 thousand.

Let's wait and see what happens. If you don't have any Bitcoins just get some. Even a small amount like 100 dollars worth. At least you'll be able to say you bought at the right time if things turn out the way they should.

The analyst Willy Woo had previously predicted that the price of bitcoin would drop below 4,000 dollars and he had successfully fulfilled his forecasts , He said that the price of bitcoin will rise after the halving and I trust that as the main goal of this event is to accompany the value of bitcoin, but it may not prompt this quickly and needs a gradual rise.

If he is right, it for sure people will get happy. But if he got wrong and the market still the same today or even worse, people will get mad him and not to believe him anymore.

Of course, we want the market to be skyrocketing again but somehow there is no magic to bring it back. A lot of market speculation having to say to the moon again and again but have we are already in that speculation? We really at far and the reality remains that the market is certainly unpredictable, everything will happen at no time.

It is normal that there are many analyst that are predicting that bitcoin will likely to go to moon by this year but this scenario will take a lot of time to become reality. No one dislikes once the bitcoin will go to moon but because of this kind of prediction many newbies are losing hope to crypto currencies as they easily give up once they see that the market is going in opposite direction instead of going to moon.

But let's just hope that this prediction will likely to hit so we can meet again the bull by this year so we can fully shift to the different market and for the market to become alive again.

We have been getting stuck at above 6k for a while now, we have tried so many times to break above it, we have actually peaked around 6.8k once as well, that looked like it wouldn't go down under 6k but it did so we are still under what we need to be right now, we backed up and went down again after that as well, so we are still having some hard time after going up so much, this means there are buyers but there are sellers as well.

We need to stop sellers, I don't know if it is just making money during this time, I don't know if they are scared, I don't know their motive on why they sell their bitcoins but if we make sure that they don't sell as soon as we go above 6k, we could actually stay there. That is what we need right now, protect the gains and minimize the losses.