Mark Yusko: Bitcoin can go up to $ 30,000 without correction

[Krislaw]

Mark Yusko said in an interview that Bitcoin price can go up to $ 30,000 without correction.
What's your take on this?

Why he didn't looking at market for 3 month later until today?, when he was smart brain know the correction will happen when price getting high properly and today his statement was wrong. Market need corection for getting new investor to investing bitcoin again.

[Pursuer]

Mark Yusko said in an interview that Bitcoin price can go up to $ 30,000 without correction.

What's your take on this?

he thought wrongly, because now it is proven that the price of Bitcoin is down (correction) so that what Mark Yusko said was wrong and in my opinion it is impossible for Bitcoin prices to increase very high without making correction, because every coin price including Bitcoin will definitely be corrected when the price increases very high, so I don't believe what Mark Yusko said if the price of Bitcoin will increase to $ 30,000 without correction.

Of course, who would believed that the price will continue to grow overtime without any market correction. Technically we won't see the price going on parabolic rise so him saying that is just complete non-sense.

yeah well as we can see now many believe in such nonsense and even say it and many others believe in it too for some reason. I think some people are incapable of looking at the charts or maybe they see it but are incapable of interpreting them which would explain a lot if that is the case since it would show how they see the same trend but still expect a different result.

[buwaytress]

What's Yusko got to say now about this current pullback? It's the third now to happen or is it the second in a month? But does it matter really if it's 2, 3 or 33? I get that it kind of does, but on a larger timeframe, it's pretty pointless to count the trips and stumbles till a new ATH.

It is not pointless to understand that corrections, retracements, pullbacks, however you want to call them, are important if sustainable new highs are to be achieved. Or are we all quite happy to have a non-stop ride to 30k? Because the fall from there can be very painful at that kind of inertia.

[Upgate]

There's no strong link to achieve that. Bitcoin price is still shivering and it's kinda of fluctuating in price, which we really don't know what will be of it before this year end. $30,000 is not achievable this year maybe upper years

[Fundamentals Of]

Mark Yusko said in an interview that Bitcoin price can go up to $ 30,000 without correction.

What's your take on this?

Who is this Mark Yusko and why do we have to discuss what he is saying? I mean, everyone can speak anything about Bitcoin. They can imagine a lot of things about Bitcoin. At the end of the day, their imagination is as good as ours. I myself am a great supporter of Bitcoin. I really love to see Bitcoin soaring very high. But if I am to be objective about it, it is impossible for Bitcoin to even reach its past ATH without going into a correction.

[Skieleton]

Mark Yusko said in an interview that Bitcoin price can go up to $ 30,000 without correction.

What's your take on this?

Zhao Dong, one of the biggest Bitcoin OTC traders in China and an influencer recently predicted that Bitcoin might reach $50,000 by 2021. He reiterated that now is the best time to invest in BTC and said that you might get a yield of 100 to 200% over 3 years if you invest now.

[BTC Future]

Mark Yusko said in an interview that Bitcoin price can go up to $ 30,000 without correction.

What's your take on this?

There is a good chance that Bitcoin can go down to $ 1.000 if it doesn't hold the current level. What do you think of this?

[prehisto]

Mark Yusko said in an interview that Bitcoin price can go up to $ 30,000 without correction.

What's your take on this?

You already can see that his predictions was not true, Bitcoin has already corrected from 13k to 10k .  Not just once but two times, some people saying that this is extremely bearish trend and noting that BTC is going lower before starting to show some evidence of bullishness again.

[LuckyBtc]

$30000 without any correction? From current price 200% increase is needed for it to happen, Bitcoin is not an altcoin that could pull off 200% without any pull backs. It'll happen but not in one stretch!

[Vishnu.Reang]

First of all, there is no universally accepted definition for what constitutes a correction in the cryptocurrency market. Bitcoin prices are very volatile, and they can go easily up or down by 5% or more in a single day. So are we going to label such regular movements as correction? IMO, to qualify for a major correction, the bear phase should last for at least 3 months.

[rdluffy]

We are facing some correction right now 
So this guy missed this one

unless you not consider this moment as a correction

[Artemis3]

We are facing some correction right now 
So this guy missed this one

unless you not consider this moment as a correction

I think its correcting the mistake of going up too quick in too short amount of time. But of course, someone can bring any other argument. Its the beauty of free markets and decentralized currencies: fluctuation, it means its free from government or institutional tyranny, another aspect that brings value.

[The Sceptical Chymist]

Keyword: can

Of course it can, and anyone who was there for the bull market of 2017 can attest to that.  But we all know what happened then, and if bitcoin shoots up to $30k without a correction the market is going to be in trouble.

By the way, who the hell is Mark Yusko?

We are facing some correction right now 

Eh, kind of.  Bitcoin dropping from $13k to $9500 sort of qualifies as normal volatility, and I'd classify it more as a dip than a correction--but that's just semantics.

There is a good chance that Bitcoin can go down to $ 1.000 if it doesn't hold the current level. What do you think of this?

Not likely.  There would have to be some seriously negative sentiment about bitcoin for that to happen, and dropping to $1000 wouldn't be a correction, it'd be a full-blown crash.

[Reid]

At how much time span?
3 years or 10 years.

Well I did bet that it will go 20k this year again but never that number.
It is way too much. 20k though had been reached already so there is a larger possibility for it to happen again.

Still, we aint sure about anything specially when it is bitcoin we are talking about.

[udidrone]

Mark Yusko said in an interview that Bitcoin price can go up to $ 30,000 without correction.

What's your take on this?

My response for that is maybe i will believe it. This is speculation thread, as long it give positive news for bitcoin i will believe and put it as something that make me optimist with bitcoin price especially will make me more confident to hold it.

[fabiorem]

It can, but it wont. A rise like that would lead to a big crash.

[exstasie]

We are facing some correction right now 

Eh, kind of.  Bitcoin dropping from $13k to $9500 sort of qualifies as normal volatility, and I'd classify it more as a dip than a correction--but that's just semantics.

In my book, his scenario has already been proven wrong. If the 35% drop we just saw isn't a correction, then what is? If you look back at 2016 and 2017, this fits squarely with many past corrections.

I'm really glad he was wrong. If we went straight to $30K without the wave slowing down and sub-dividing like it is now, we'd probably have a mega-crash shortly after and abruptly end the bull market. If we keep correcting like this along the way, we can set our sights much higher. Six figures at least.