Ex-Coinbase CTO Argues Bitcoin Will Likely Hit $100,000 Using Coronavirus

[dragonvslinux]

What a moron.

[dunfida]

https://beincrypto.com/ex-coinbase-cto-argues-bitcoin-will-likely-hit-100000-using-coronavirus-spread-pattern/

Bitcoin to $100k (Based on Stochastic Model)
Angel investor, cryptocurrency trader, and former Coinbase CTO Balaji S. Srinivasan underlined this similarity between the BTC price and the spread pattern of coronavirus earlier today in a series of tweets.

Stochastic? Coronavirus?

Im wondering on what others things would be thrown out just to tagged it up with bitcoin price.Come to think that we cant even hit up on previous ATH
how much more on talking about 100k? They should be at least realistic but well as expected to these popular people on making their own words towards
price prediction does really give some buzz but doesnt deliver something new or just simply they are tending to hype for them to sell out? 

[Arkann]

It seems that any high-profile event, the information about which sounds in all the news in every country, some individuals always try to connect it with the cryptocurrency market.  At least today, there is already information that the virus epidemic is decreasing and antiviral devices have been developed.  If so far nothing has affected the cryptocurrency market, then you do not need to wait for this in the future.

[Mahanton]

https://beincrypto.com/ex-coinbase-cto-argues-bitcoin-will-likely-hit-100000-using-coronavirus-spread-pattern/

Bitcoin to $100k (Based on Stochastic Model)
Angel investor, cryptocurrency trader, and former Coinbase CTO Balaji S. Srinivasan underlined this similarity between the BTC price and the spread pattern of coronavirus earlier today in a series of tweets.

Stochastic? Coronavirus?

Im wondering on what others things would be thrown out just to tagged it up with bitcoin price.Come to think that we cant even hit up on previous ATH
how much more on talking about 100k? They should be at least realistic but well as expected to these popular people on making their own words towards
price prediction does really give some buzz but doesnt deliver something new or just simply they are tending to hype for them to sell out? 

Expect for people to set things up and everyone can really make their own speculation basing or trying up to connect things which we do able to see that its quite irrelevant if we do think up carefully.
$100k+ price does really need that full adoption and imagining on what would be the cap into that particular time.Corona virus isnt something a solid reason for it to drive the price to be this high.
So its already been crossed out on the selection.

[maxreish]

This is actually a myth. I mean because of corona virus, bitcoin will gonna hit $100k? I think it is the other way around. Bitcoin market reacted about it already. Small dumps already passed. Now we are recovering. It is absurd to believe in his prediction. There is still a possibility that it may go up like that but in a 5-10 years and not because of this corona issue.
 
 His speculations and basis are pointless. Similarity of pattern vs price can not be the reason for that price pump going to $100k.

[el kaka22]

Some people are just making up numbers to get more famous. I just checked and his twitter is full of stuff that are related to the virus and dude has been talking about it non-stop ever since it started, even his twitter bio says he is more invested in virus than anything related to crypto.

Moreover, he got into coinbase not because he was hired but because his website earn.com that was acquired by coinbase on later stages so he was shifted towards coinbase as well and resigned from that position. Dude is more of a scientist than a crypto enthusiast so it is totally understandable why he would focus on virus more. Plus, he didn't say that bitcoin will be 100k because of corona virus, dude simply said "bitcoin was unlikely to pass 100k but now looks like it may, why wouldn't coronavirus do the same?" which is not really saying "bitcoin will be 100k because of corona virus"

[rdluffy]

It's doesn't make sense to me to achieve 100k USD this year, even with this Coronavirus and probably with a financial crisis
The fact is, people will not buy BTC suddenly to protect themselves against traditional financial system or a collapse caused by Coronavirus
Almost all people will going to suffer in a situation like that, and people (including me) will think first in essential stuff like food / home / medicine, instead of BTC

[ice098]

https://beincrypto.com/ex-coinbase-cto-argues-bitcoin-will-likely-hit-100000-using-coronavirus-spread-pattern/

Bitcoin to $100k (Based on Stochastic Model)
Angel investor, cryptocurrency trader, and former Coinbase CTO Balaji S. Srinivasan underlined this similarity between the BTC price and the spread pattern of coronavirus earlier today in a series of tweets.

Stochastic? Coronavirus?

Im wondering on what others things would be thrown out just to tagged it up with bitcoin price.Come to think that we cant even hit up on previous ATH
how much more on talking about 100k? They should be at least realistic but well as expected to these popular people on making their own words towards
price prediction does really give some buzz but doesnt deliver something new or just simply they are tending to hype for them to sell out? 

Expect for people to set things up and everyone can really make their own speculation basing or trying up to connect things which we do able to see that its quite irrelevant if we do think up carefully.
$100k+ price does really need that full adoption and imagining on what would be the cap into that particular time.Corona virus isnt something a solid reason for it to drive the price to be this high.
So its already been crossed out on the selection.

The people made speculations out of their observation on current situation, but first and foremost I wanted to reiterate that coronavirus outbreak can be used by fud makers as reason why holders tend to be discourage. For those who wanted to take this opportunity, they purchased bitcoin while the value goes down and enjoy profit once another bounce will happen.

[Oceat]

It's doesn't make sense to me to achieve 100k USD this year, even with this Coronavirus and probably with a financial crisis
The fact is, people will not buy BTC suddenly to protect themselves against traditional financial system or a collapse caused by Coronavirus
Almost all people will going to suffer in a situation like that, and people (including me) will think first in essential stuff like food / home / medicine, instead of BTC

I definitely do not believe this kind of speculation—it is just merely a wild guess. What is happening actually is the other way around, this kind of epidemic won't bring the bullish market; it is the halving that will and the upcoming halving this coming May will start the bullishness once we see a sudden drop of price after the halving in a few months.

[pixie85]

https://beincrypto.com/ex-coinbase-cto-argues-bitcoin-will-likely-hit-100000-using-coronavirus-spread-pattern/

Bitcoin to $100k (Based on Stochastic Model)
Angel investor, cryptocurrency trader, and former Coinbase CTO Balaji S. Srinivasan underlined this similarity between the BTC price and the spread pattern of coronavirus earlier today in a series of tweets.

Stochastic? Coronavirus?

Im wondering on what others things would be thrown out just to tagged it up with bitcoin price.Come to think that we cant even hit up on previous ATH
how much more on talking about 100k? They should be at least realistic but well as expected to these popular people on making their own words towards
price prediction does really give some buzz but doesnt deliver something new or just simply they are tending to hype for them to sell out? 

Not hitting the ATH is completely normal at this point. A little more than a year ago we were in a bear market with price sitting well below 4000 dollars and some doom analysts predicting 1000. Now we are jumping between 9 and 10. Bitcoin is still recovering after that massive 80% loss of value. We won't go back to ATH just like that.

Bull aren't realistic but it's the same with bears. Do you think that 1000 dollars was a reasonable bottom? Or 3000 by Tone Vays?

[ultrloa]

https://beincrypto.com/ex-coinbase-cto-argues-bitcoin-will-likely-hit-100000-using-coronavirus-spread-pattern/

Bitcoin to $100k (Based on Stochastic Model)
Angel investor, cryptocurrency trader, and former Coinbase CTO Balaji S. Srinivasan underlined this similarity between the BTC price and the spread pattern of coronavirus earlier today in a series of tweets.

Stochastic? Coronavirus?

Im wondering on what others things would be thrown out just to tagged it up with bitcoin price.Come to think that we cant even hit up on previous ATH
how much more on talking about 100k? They should be at least realistic but well as expected to these popular people on making their own words towards
price prediction does really give some buzz but doesnt deliver something new or just simply they are tending to hype for them to sell out? 

Not hitting the ATH is completely normal at this point. A little more than a year ago we were in a bear market with price sitting well below 4000 dollars and some doom analysts predicting 1000. Now we are jumping between 9 and 10. Bitcoin is still recovering after that massive 80% loss of value. We won't go back to ATH just like that.

Bull aren't realistic but it's the same with bears. Do you think that 1000 dollars was a reasonable bottom? Or 3000 by Tone Vays?

What is his basis to speculate that thing? Since as we can see there's nothing hold back anymore since we are at the point that bitcoin gain more momentum now and although there is striking threat with the whole situation but still we have a light seeing these days since imagine Iran advice their country men to avoid their bank notesfor now while the virus is existing and maybe by that bitcoins transaction will enter the scene and this could a big thing when it happens.

[exstasie]

Plus, he didn't say that bitcoin will be 100k because of corona virus, dude simply said "bitcoin was unlikely to pass 100k but now looks like it may, why wouldn't coronavirus do the same?" which is not really saying "bitcoin will be 100k because of corona virus"

He's saying they follow a similar curve which implies a vertical swing in BTC price is coming. He's extrapolating BTC price into the future and also curve fitting fractals. It's a double whammy of silly, unproven ideas. There are better arguments for $100K.

[mahilchii]

https://beincrypto.com/ex-coinbase-cto-argues-bitcoin-will-likely-hit-100000-using-coronavirus-spread-pattern/

Bitcoin to $100k (Based on Stochastic Model)
Angel investor, cryptocurrency trader, and former Coinbase CTO Balaji S. Srinivasan underlined this similarity between the BTC price and the spread pattern of coronavirus earlier today in a series of tweets.

It's too early to predict anything and I don't think BTC will reach $100k just using corona virus, we are still struggling to trend above 11k from the past few months and corona virus nothing to do in crypto market. We need to understand that no one can predict the market situation and just because the predictor is an ex CTO of a reputed exchange or project we cannot blindly oblige to it.

[Quidat]

https://beincrypto.com/ex-coinbase-cto-argues-bitcoin-will-likely-hit-100000-using-coronavirus-spread-pattern/

Bitcoin to $100k (Based on Stochastic Model)
Angel investor, cryptocurrency trader, and former Coinbase CTO Balaji S. Srinivasan underlined this similarity between the BTC price and the spread pattern of coronavirus earlier today in a series of tweets.

It's too early to predict anything and I don't think BTC will reach $100k just using corona virus, we are still struggling to trend above 11k from the past few months and corona virus nothing to do in crypto market. We need to understand that no one can predict the market situation and just because the predictor is an ex CTO of a reputed exchange or project we cannot blindly oblige to it.

The market now is going down once again below 9k price.Come to think that this isnt a plain but rather a bumpy ride instead.
Market doesnt shoot up in a short time so its really unrealistic to think or presume on reaching 100k just because of various events or news.
They can call prices as they like but people do able to spot out which one is realistic and exaggerated.