Bitcoin Forum

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Over the past months Bitcoin and other cryptocurrency has witness a one of the worst correction in the history of cryptocurrency losing over 70% of its value. This trend has made most cryptocurrency enthusiasts especially the new bees to question the real worth of cryptocurrency.

IS BITCOIN EVER GOING TO REACH AN ALL TIME HIGH OF $20,000 AGAIN?

These are the question in the lips of the majority of those who invested in Bitcoin.

One of those who have a contrary perception about the worth of Bitcoin in the nearest feature is....

Read more: https://bitzamp.com/serious-wind-of-change-as-bitcoin-is-expected-to-hit-250k-in-four-years-venture-capitalist/ (https://bitzamp.com/serious-wind-of-change-as-bitcoin-is-expected-to-hit-250k-in-four-years-venture-capitalist/)

I am convinced that the price of bitcoin will conquer new heights this year. And after some time we will perceive the current correction  as a fuss in the children's sandbox.

this will happen because the development of bitcoin technology and system continues to be developed for security and transaction facilities so that more people believe and assess positive bitcoin and slowly but surely bitcoin will rise and reach the height

At the way things are going, there is a strong possibility for major surges to happen this year though I am still very careful because the cryptocurrency market can easily be swayed by negative FUDs that can erupt anytime. I am looking forward for many positive predictions and projections to be coming true soon. We all wish that Bitcoin can go and revisit the $20K level it got into late last year.

I do not know if this situation as have happened in the early quarter of 2018 can still be characterized as a correction because its value up to now- nearly in the middle of the second quarter- is still at a low. I am hoping things will flourish even more, and will even surpass what Bitcoin reached in the last quarter of 2017. What happened in the market today is beyond what I expected, especially when the value of Bitcoin bottomed to only about $6,000. It is so frightening that it have not even reached a double digit for months. Anyway, for the record, the best times for Bitcoin happens near tail-end. Hence, I will remain steadfast in this feat.

I honestly don't in current market form. I don't see the point of revisiting these levels when the market and ecosystem around it hasn't changed one single bit. Exchanges are still barely breathing right now; the last thing they need is another bull run initiating a usage peak. I am fairly sure that exchanges hope/pray that the market will remain as calm as it is right now for plenty of more months.

Of course, if another bull run pops up nothing can be done, but the best option for this market and ecosystem is that we grant the exchanges enough time to work through their backlog, and at the same time expand their operations accordingly. Seriously, a bull run in current stage will yet again point out that we aren't ready for another dose of growth. For now I prefer longer term consolidation with a slight increase on top of that, just nothing too crazy.

So, one rich bloke predicts this crazy price & now we're being flooded by every junk news outlet that it's gonna happen?

My god. So much sensationalist FUD out there.

If you look more globally, this prediction can come true even earlier. First, bitcoin has a deflationary model at its core. Secondly, institutional investors are now actively entering bitcoin. This is just the basic factors for the further growth of prices.

And until that doesn't change, Bitcoin will stay a speculative asset, and not "peer to peer electronic cash".

People are too obsessed with price. That's why I agree with 1Referee that this bear market is pretty healthy and allows us to breathe a bit. Let's test Lightning and other technologies that allow Bitcoin to scale and to emerge as a real competitor of centralized electronic money in some months or years!

With respect to Draper's predictions: I think in 2022 Bitcoin will be closer to $25K than to $250K. A 250K Bitcoin would mean 1) a really widely used currency or 2) a grossly overhyped bubble. Maybe I'm wrong, it wouldn't be that bad ;)

Oh my god, it was already announced that bitcoin will hit 100k, now we're expecting to see 250k. Sounds like a dream, too many experts with different opinions occur every day

too much speculation about the future and future bitcoin value of some .... K to .... K but speculation is a positive thing about bitcoin that I apreseasi because news like this can evoke positive belief about bitcoin after some slash hit the bitcoin and crypto
I myself with an estimated 250K it can happen and very likely because when the bitcoin began to receive and in use in 50% of countries in the world, not only 250k can even be more

Draper is delusional. All those billboards, banners, speeches... The more these people are getting in your face the more you start to think why. Why are they spending so much money to promote it? If it's going to 250k then it's going to 250k, there's no need to spend money to make everyone know that it's going to happen.
The only reason why you would want them to know is because you want them to believe it and invest their fiat, but if you need to get all those brainless followers to spend money then you must have some doubts. You need them because you want them to start the pump that doesn't want to start by itself.
BTC is great, but pushing it on fairs won't make it succeed. People can't be made to understand and like it!

What really makes few experts predict positively and few do not. We did have a news from Gt.Gox that he does not believe in bitcoin after he piled up bitcoin. I do usually predict with CMC's growth trend and at times it becomes true. Why can't experts and crypto expereicned keep extending their supports interms of creating more rooms to receive / attrract more invesetors into crypto currencies which would in turn grow the values of respected coins. Lets hope to have minimum $100K in 2020.

$100k seems to be more real and reachable, to be honest. But again - who knows

Well, everyone here has some level of incentive to promote Bitcoin, and that on various grounds. I agree that he in certain aspects tend to become a bit too optimistic, but nothing even close to the clown John McAfee is. On top of that, if no one did some actual effort to push Bitcoin on the level he is doing it, the word of Bitcoin wouldn't be reached by as many people as currently is the case. He definitely has some right of speaking by entering the market back in the early days, where he also bought 30,000 BTC from the silkroad auctions. It's an investor, a believer, an enthusiast, just as much as we are -- the only difference between him and the rest of the people is the wealth being involved, but that shouldn't be a problem. Differences have always been there.