Analyst Who Predicted Bitcoin’s Rise Now Sees It Hitting $300,000-$400,000

[ry0t]

Bitcoin will surge past $20,000 and continue its meteoric march into six figures, according to independent research analyst Ronnie Moas.

“Bitcoin is already up 500 percent since I recommended it in the beginning of July, and I’m looking for another 500 percent move from here,” said Moas, the founder of Standpoint Research, a self-described “one-man operation” based in Miami.

Over the summer, Moas put a $5,000 price target on bitcoin for 2018. At the time, the digital currency was trading at just $2,600. Since then, it has surged to $18,168 as of Monday, according to prices tracked on Coinbase.

Read More: https://bittox.com/2017/12/18/analyst-predicted-bitcoins-rise-now-sees-hitting-300000-400000/

[PossibilityMiner]

Nicholson_nodding.gif  - Yessssss!  I'm not quite that optimistic but it would be amazing. 

[kakrotssj1]

Bitcoin will surge past $20,000 and continue its meteoric march into six figures, according to independent research analyst Ronnie Moas.

“Bitcoin is already up 500 percent since I recommended it in the beginning of July, and I’m looking for another 500 percent move from here,” said Moas, the founder of Standpoint Research, a self-described “one-man operation” based in Miami.

Over the summer, Moas put a $5,000 price target on bitcoin for 2018. At the time, the digital currency was trading at just $2,600. Since then, it has surged to $18,168 as of Monday, according to prices tracked on Coinbase.

Read More: https://bittox.com/2017/12/18/analyst-predicted-bitcoins-rise-now-sees-hitting-300000-400000/

Absolutely! in 2018 it's price will probably go even higher then it is today, that is near 20k$. Economists have predicted it's price in 2020 to reach at least a million, if there are no economical complications.

[bitbunnny]

I'm not that optimistic and at the moment this sounds exaggerated but one year ago the price of 18000$ or 19000$ sounded exaggerated too.
Still these are only predictions, guessing, no any solid ground or proof for that so this might or might not happen.
In all this years spent in Bitcoin I have learned that it's not too good to rely on predictions. Don't beleive everything you read online.

[soham]

That's true! Bitcoin price will go higher than the current level in coming years. But it is also coming with some growing concerns. The network congestion and high fees are two areas which need immediate attention from the miner community. A lightening network is very much needed now. Since the network is congested, the transaction price is also growing higher. If these issues can't be taken care, people will slowly move to other coins for transactions. I myself is now preferring ETH because the speed is almost instant and transaction price is also cheaper. These issues needs serious attention.

[ikilledcobain]

That's a pretty aggressive call - although I read the article and don't really see a time prediction tied to it. He just says it's the 'end game.' Going by that, he could be speaking in a matter of decades. Hard to say really, but I expect it to hit that price point sometime in the future. It'll probably be a bumpy ride to get there, though.

[richardsNY]

It's funny how he tries to credit himself for predicting Bitcoin to grow further, while in reality, even noobs can figure out that with how money is flowing into this ecosystem, the market will keep going up. I am not at all a fan of predictions in the range of $400k while we still haven't even been close to $100k yet. I am more looking forward in steps of $10k, where my next target stands at $30k and nothing else. I like how bullish the general sentiment is, and at the same time understand certain higher level predictions, but in some cases people get far too excited, even till the extent of losing reality out of sight.

[magneto]

Bitcoin will surge past $20,000 and continue its meteoric march into six figures, according to independent research analyst Ronnie Moas.

“Bitcoin is already up 500 percent since I recommended it in the beginning of July, and I’m looking for another 500 percent move from here,” said Moas, the founder of Standpoint Research, a self-described “one-man operation” based in Miami.

Over the summer, Moas put a $5,000 price target on bitcoin for 2018. At the time, the digital currency was trading at just $2,600. Since then, it has surged to $18,168 as of Monday, according to prices tracked on Coinbase.

Read More: https://bittox.com/2017/12/18/analyst-predicted-bitcoins-rise-now-sees-hitting-300000-400000/

Lmao, he was a long way off from his predictions. $5000 in 2018? That was this year back in September. Obviously he is just putting a bunch of random figures out there and hope that bitcoin will continue to go up to prove himself right.

There is absolutely no TA, absolutely no analysis whatsoever actually. He is just "looking" at bitcoin going to 500% more.

$300-400k is very unlikely in my opinion. If it does go to 6 figures during this rally it's going to be a bubble, and it's not going to exceed $200k. $300-400k is absolutely crazy and is sort of like John Mcafee's prediction, which will probably be proven wrong.

[Lancusters]

I'm not that optimistic and at the moment this sounds exaggerated but one year ago the price of 18000$ or 19000$ sounded exaggerated too.
Still these are only predictions, guessing, no any solid ground or proof for that so this might or might not happen.
In all this years spent in Bitcoin I have learned that it's not too good to rely on predictions. Don't beleive everything you read online.

You are right of course but for all the years of existence of bitcoin is an established trend. The price is constantly going up. This means that the price will continue to grow. I think no matter to what figure. Be it $ 100,000 or $ 400,000. In any case, the retention of the coins will be profitable. This means that the demand will continue to grow.

[jacksonmark30]

The way I see it, the media is really influencing Bitcoin's rise big time. With them are new entrants eager to buy at current price levels since they are told that it would rise even higher. Well played.