The best case scenario is probably that due to recession some banks close down/have bankruns, which causes widespread attention into bitcoin and subsequently makes all banks useless and bitcoin moons to 10 million bucks
That's the best case, wishful thinking, scenario, sure. |
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Here's the best case scenario. Bitcoin hasn't proven its usefulness and is now correlated with stonks. When it's time to take riskier positions again, both the stonk market and crypto will go up again, but bitcoin will remain correlated. Bitcoin will never reach its ATH again, and it's unlikely to ever go above $10k again. We're probably going to see sub-$1,000 prices before it works its way up toward $1,000 over the next 10 years.
Likely scenario: experiment over. bitcoin ded.
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All are just speculations. Nobody can predict the future correctly. Besides, I cannot see Bitcoin going back to $10,000 before the end of this year
I'll predict the future. Bitcoin won't be $10,000 ever again. |
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Told you guys were in the great long-term downtrend. There is no substantial up from here. Yeah, sure, it'll wobble around, but we are definitely witnessing the "slow" death of bitcoin. There is not going to be another all time high. No more sustained above $10k prices anymore. That's in the past. I know it sucks for a lot of you to hear this, but it's just done. Play the market if you want, play a long term low leverage short if you really want to make money, but bitcoin has run it's course. 2 years from now bitcoin will not be above $10k, that's guaranteed.
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Nah, the halving was priced in in that run-up near $14k earlier this year. Once the halving comes and goes and the price is still below $10k, then the real disappointment will set in and we'll see massive sell-offs as people abandon bitcoin en masse. The run for the door is going to be as spectacular to watch as its rise has been. It'll wobble up and down as it continues the greater down trend it's been in, and is clear as day, for the last near 2 years. It might be able sustain an unstable price around $1k. $20k was utter insanity. $10k is pretty absurd.
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Will Bitcoin cross 3K USD this year? Yes! Absolutely! |
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Ultimately it's clear that the bottom will be sub-$1,000. I might buy a whole bitcoin again at that point as a novelty I guess.
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Look at the markets, it is a literal Red Sea of Destruction
If you are still in a profit, take some or all of it off the table while you still can.
You may never get another chance.
Once the price gets too low many exchange will go out of business and you'll lose access to your coins.
If you will need that money in 10 years, then get out as much as possible even at a loss.
No crypto is worth buying at the moment,
Good Luck.
FYI:
Don't even pretend bitcoin price is stable until it is down to $2K.
I think this is a beautifully cogent analysis and I agree completely. |
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Bitcoin is staying under $10k at this point, so no, definitely not $20k before 2020. We're witnessing the failure of bitcoin to "take-off" after nearly 2 years from its ATH, which just confirms that things have finally settled in. The price will never go above $20k again, and 5 years from now we'll be able to look back and see that from the $20k high it was, on average, all down hill from there. Sometimes it takes a long time for something to die.
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Mayer Multiple is 1.0, just like when it was at $5k last time.
Screaming: BUY TIME
Maybe if you're a careful day trader, but ultimately this thing is on its way to sub $1,000. Bitcoin simply cannot sustain anything more than that. It certainly will never be worth more than $10,000 again. |
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We will never go below $9000 ever again, ever. No golden retrace coming, when bitcoin did a golden retrace in past bull market, it didn't take 80+ days to do it, it happened with a week or so.
That is bold prediction since we are nto taht far away from it. I totaly agree with you that we cant go that much lower as we are now, but less then 10% drop is totally posible. There is maybe even more then 50% chance that it wil happen. We will definitely go below $9,000 again. And soon. |
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Cryptocurrency's growth will slow dramatically as it becomes apparent that -- despite providing a practical solution to an intellectually stimulating academic computer science problem -- most people simply have no good use for it and simpler and less academically interesting solutions will work just fine. By 2029 or so it will have already become clear that cryptocurrency's impact on the world didn't even come anywhere near that of the fax machine's or even beanie babies.
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Why would I punish myself for being one of the most consistently correct predictors (based on confirmed facts and data analysis factors) in bitcoin, maybe of anything in the history of the world?
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For example, I think the price of bitcoin will be higher than it is now by the end of 2019.
Share your thoughts here. All are welcome.
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Absolutely. That is exactly where bitcoin is headed, and you can clearly see this in the confirmed and verified data, especially Chinese and Russian data sources, which are more robust and accurate on all the time-lines and technical analysis charting algorithms. The thing is, when (not if) bitcoin reaches $1,000 again, you won't want to buy it. Shorting is going to be the longer term play for bitcoin as it dives toward $0.
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The problem is that a new long term trend has been established as you can see in this confirmed ketchup & mustard analysis:  |
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I think 4 digits may not be "gone for good", I mean sure it would be hard to go back to that and even if we do I doubt it will be ever under 4k again but could it ever reach back to 9800? Sure why not it totally could. That is why I think 4 digits are still possible but not as much as used to be, maybe if we go even higher than it will turn into impossible as well, if we go above 20k and instead of going down super fast if we stay there a bit then we can totally say good bye to 4 digit numbers as well, that is what I want right now, going up slowly but steady without going too much.
If we go fast too high then we fall back, we lived that before and we do not want that again, that is why we want it to go up but then stay there as long as possible even if it doesn't keep going up.
4 digits are definitely not gone for good. Bitcoin will definitely reach back to $9,800 and will definitely be under $4,000 again. Bitcoin will never go above $20,000 again. This is just a very long dead cat bounce from the totally irrational $20,000 ATH. Bitcoin is heading under 3 digits where it'll trade like a penny stock until it's eventually forgotten. |
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Will Bitcoin...correct back under $10k or are 4 digits gone for good? Bitcoin will correct back under $10k and 4 digits are not gone for good. That's the confirmed answer. |
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Take it to the bank, ATHs are a thing of the past for bitcoin. The clear downtrend continues.
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