Bitcoin to $50k before Xmas

[tyrexs]

i have no reason what i must say when i read this. what a prediction, i think is crazy now price get back to $600 like impossible

[jonald_fyookball]

You cant draw a trendline on a log chart and expect to be taken seriously.  Im a permabull but please gtfo with your looney prediction

[Hyena]

You cant draw a trendline on a log chart and expect to be taken seriously.  Im a permabull but please gtfo with your looney prediction

WTF again you with your log chart racism. Do you understand that log chart is the right thing to look at and instead the linear chart is where you cannot draw any lines because bitcoin doesn't grow linearly.

[chaoman]

hope you're right bud

[Xialla]

hello OP.

if your prediction will be right, please PM me on Xmas and I will send you those 50k USD or 1 BTC. until this happen, you can just enjoy my favorite shot of your favorite animal.



anyway, is cool to see some bullish posts here after flooding of "bitcoin is death, sell everything" threads:)

[jonald_fyookball]

You cant draw a trendline on a log chart and expect to be taken seriously.  Im a permabull but please gtfo with your looney prediction

WTF again you with your log chart racism. Do you understand that log chart is the right thing to look at and instead the linear chart is where you cannot draw any lines because bitcoin doesn't grow linearly.

The growth may be exponential but it is certainly not predictable
so that you could draw a trendline for it.  People tried that last
year and were wrong about where the price is now.

But hey, you have your theory and I have mine.  Lets revisit this in December and see where the price is.
My prediction: $350.

[bumm]

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 dont think it would reach such heights. i expect it to settle at somewhere around 300-350$ at the end of the year. it can only reach such heights after it has been adoped by the whole world. i think we have to wait for 10 year to see that advancement. but i really wish bitcoin to touch $50k mark.

[Hyena]

The growth may be exponential but it is certainly not predictable
so that you could draw a trendline for it.  People tried that last
year and were wrong about where the price is now.

But hey, you have your theory and I have mine.  Lets revisit this in December and see where the price is.
My prediction: $350.

TBH, I don't believe in trend lines anyway. I just think that log charts suit better for bitcoin because they show more information while linear charts only show us the last rally.

[jonald_fyookball]

The growth may be exponential but it is certainly not predictable
so that you could draw a trendline for it.  People tried that last
year and were wrong about where the price is now.

But hey, you have your theory and I have mine.  Lets revisit this in December and see where the price is.
My prediction: $350.

TBH, I don't believe in trend lines anyway. I just think that log charts suit better for bitcoin because they show more information while linear charts only show us the last rally.

Log charts don't show more information, they show the same information differently.

They show a bias toward exponential growth (obviously) or lack of it.
Personally, I don't think that's a good way to look at data.  If there's
truly exponential growth, it will show on a standard price chart.

I do agree Bitcoin has massive potential for exponential growth.
I also think you (and the OP) are overoptimistic and unrealistic about how fast
that's going to happen.  But, hey i'd love to be proven wrong.

One thing's for sure.  It won't happen just because a chart
says so.  Things have to happen in real life.  The DEMAND
has to be there.  That's the key.  Demand is picking up
for Bitcoin, but slowly.

[brg444]

it can only reach such heights after it has been adoped by the whole world.

Fortunately it really doesn't work like that.

For example 1000$ was reached with likely less than a millions Bitcoin users

[Hyena]

Log charts don't show more information

False, simply false. But I guess you're the kind of guy who would look at a pie chart of bitcoin price and also say that it doesn't show any less information than a log chart. They teach this stuff in the university, I believe in the data mining course, perhaps you should attend one and pay special attention to the part where they teach the pitfalls of data representation.

[Lauda]

Fortunately it really doesn't work like that.

For example 1000$ was reached with likely less than a millions Bitcoin users

Exactly. If Bitcoin was adopted by let's say 1B people, a exchange rate of $50k+ per Bitcoin or higher would be realistic. We all know that the number of people who use Bitcoin is not that high and is not growing very quickly (as it could). However, things have been improving over time and there is a good chance of us reaching such a price in the future.
I wouldn't call the scenario that OP mentioned impossible, it is just rather highly improbable. Almost anything is possible.

[Cconvert2G36]

Fortunately it really doesn't work like that.

For example 1000$ was reached with likely less than a millions Bitcoin users

Exactly. If Bitcoin was adopted by let's say 1B people, a exchange rate of $50k+ per Bitcoin or higher would be realistic. We all know that the number of people who use Bitcoin is not that high and is not growing very quickly (as it could). However, things have been improving over time and there is a good chance of us reaching such a price in the future.
I wouldn't call the scenario that OP mentioned impossible, it is just rather highly improbable. Almost anything is possible.

A billion people doing ~2.7 transactions per second. That's actually not possible. I guess we can wave our hands chanting "sidechains" for the time being tho. 

[berkelip]

If your prediction happened, we'll sell our bitcoin
We will be rich in december later

But I am not sure Bitcoin hit $50K
In my prediction Bitcoin reach $500 before Xmas

[ragi]

I thought it says $50...

[GotaPauj]

50k incresing in just 5 months lol dream dream

[Amph]

50k incresing in just 5 months lol dream dream

yeah it's not impossible because of the amount, it's impossible because of the time frame, all those predictions are much less realistic if they consider such a ridiculous time frame every time, it's true that big pump does happen at random, but something like is still beyond reality

[jonald_fyookball]

just for amusement, OP when will we hit the following:


20k
10k
5k
2k
1k
$500

[NeuroticFish]

Bitcoin to $50k before Xmas

I fully agree. Especially as you didn't mention which Xmas.
In a couple of years, by Xmas, there's a huge chance for that to happen!

[NorrisK]

50k incresing in just 5 months lol dream dream

He probably lives in a logarythmic world price jumps of 10x instead of doubling each time