Bitcoin to $50k before Xmas

[Lauda]

This.

Everybody needs to stop drawing random lines on charts and call them 'predictions'.

Exactly. They are making random charts and calling them predictions. What value do predictions have if they are made by a random person?
Should someone without the proper degree even be making these kinds of predictions? I feel like they're a waste of time and are often wrong in this forum.

We've bounced off of $280, and he expects us to reach $50k in 6 months? 

[Dilla]

Based on the predictions in this speculation forum, we will be hitting $1200-1300 by end of July, $32,000 this fall, $50,000 by Christmas, $120,000 - $500,000 between the next block halving or by 2020. If this comes to even 25% fruition, we will have had an amazing bull run. I have my doubts, but hey, this is Bitcoin and anything can happen.

[Hyena]

This prediction can indeed become true and it doesn't conflict with my prediction of 4000$ per BTC in 4 months. It only further validates my prediction.

[koryu]

I dont think its gonna happen. but lets hold, wait and see.

[RodeoX]

I see absolutely no evidence of this being possible. 

[Hyena]

I see absolutely no evidence of this being impossible. 

FTFY

[greBit]

Bitcoins is a currency which grow, for sure but this is fucking unrealistic man. It won;t grow like that until major events occur, often. And however much I'd like to root for it, you are just setting the expectation bar for people too high. I think the major fault all the btc fans are often depressed is yall have too much expectations with your money. Invest extra money on btc which you won't mind losing, don't lose your mind over it.

[RodeoX]

I see absolutely no evidence of this being impossible.

FTFY

lol. You got me Hyena. I suppose it is also true that it is not impossible.  

[Zangelbert Bingledack]

It's not that unrealistic.

Ask yourself, in terms of non-price aspects, is Bitcoin 50x further along than it was 18 months ago when we were over $1000? I'd say it's about 10-20x further along. Back then there was practically nothing compared to the current level of venture capital, big banks on board, popular acknowledgement, etc. Think what would happen if the bearish sentiment receded and people suddenly started feeling FOMO? All this "good news" that happened during the fall suddenly has to get priced in. Then, there's still 6 months until the end of the year, so we could by 2-3x further along by then, amounting to ~50x further along compared with end of 2013, and as price rises to match we could peak near $50,000 in a wild bubble top.

My guess would be that this happens more toward next year after the halving, but this year is quite possible.

[oblivi]

It's not that unrealistic.

Ask yourself, in terms of non-price aspects, is Bitcoin 50x further along than it was 18 months ago when we were over $1000? I'd say it's about 10-20x further along. Back then there was practically nothing compared to the current level of venture capital, big banks on board, popular acknowledgement, etc. Think what would happen if the bearish sentiment receded and people suddenly started feeling FOMO? All this "good news" that happened during the fall suddenly has to get priced in. Then, there's still 6 months until the end of the year, so we could by 2-3x further along by then, amounting to ~50x further along compared with end of 2013, and as price rises to match we could peak near $50,000 in a wild bubble top.

My guess would be that this happens more toward next year after the halving, but this year is quite possible.

And like someone mentioned, after a wild bubble tops and bursts, we'll have a correction, and a much higher ceiling will be set. But when it's all set and done, it will all come down to when to sell at the top. You may think you are at the sweet spot, sell, then find out you sold right in the middle of the rise. You think "I now only have to wait for the correction". The price keeps going up, bursts, and the correction happens, but the correction is never lower than were you sold at, you keep waiting and waiting and the price start going up slowly again. You are now left outside of the game for future gains. Enjoy your dollars/euros while the rest keep riding the BTC train.

[trackermut]

Not a chance, never, not a snowballs chance in hell before Christmas,  i want your drugs, your miles out mate 47000 max me things will be January before 50k.

[NorrisK]

This speculation is still quite conservative.. On the left, the spike was used to determine the startpoint of the trendline. If the spike was ignored and the avarage peak was taken, the line would end up MUCH higher!! 

[stallion]

50k is unrealistic as we all know it. We can yes reach somewhere to 50 or 500 USD , but 50k. This is possible only when everyone has adopted bitcoins. But then hypothetically ,millions won't be worth the millions.

[OrientA]

Anybody can draw a random line to justify any price. That is not a prediction.

[Bagatell]

Anybody can draw a random line to justify any price. That is not a prediction.

OPs line is not random.

[BitcoinNewbie15]

$50,000 before Christmas would be amazing. That would definitely make a lot of people happy. 50k is a lot though, I don't even know if that is possible, but that would be interesting nonetheless.

[Hyena]

$50,000 before Christmas would be amazing. That would definitely make a lot of people happy. 50k is a lot though, I don't even know if that is possible, but that would be interesting nonetheless.

You can be sure it will make more people unhappy than happy. All those banksters, warren buffer's cock suckers and duck fuckers will be soooo butthurt.

[Zangelbert Bingledack]

It's not that unrealistic.

Ask yourself, in terms of non-price aspects, is Bitcoin 50x further along than it was 18 months ago when we were over $1000? I'd say it's about 10-20x further along. Back then there was practically nothing compared to the current level of venture capital, big banks on board, popular acknowledgement, etc. Think what would happen if the bearish sentiment receded and people suddenly started feeling FOMO? All this "good news" that happened during the fall suddenly has to get priced in. Then, there's still 6 months until the end of the year, so we could by 2-3x further along by then, amounting to ~50x further along compared with end of 2013, and as price rises to match we could peak near $50,000 in a wild bubble top.

My guess would be that this happens more toward next year after the halving, but this year is quite possible.

And like someone mentioned, after a wild bubble tops and bursts, we'll have a correction, and a much higher ceiling will be set. But when it's all set and done, it will all come down to when to sell at the top. You may think you are at the sweet spot, sell, then find out you sold right in the middle of the rise. You think "I now only have to wait for the correction". The price keeps going up, bursts, and the correction happens, but the correction is never lower than were you sold at, you keep waiting and waiting and the price start going up slowly again. You are now left outside of the game for future gains. Enjoy your dollars/euros while the rest keep riding the BTC train.

That's why you use this: https://bitcointalk.org/index.php?topic=345065.0

[bornil267645]

In that case, we better gear up to sell BTC to Santa Claus

[SmoothCurves]

Bitcoin to $50k before Xmas

Original analysis at: https://www.whaleclub.co/post/0A2Jf



Original analysis at: https://www.whaleclub.co/post/0A2Jf

https://twitter.com/bitpump/status/618272964006518784

I prefer your other chart: https://www.tradingview.com/x/pOmNfT95/