Since there is nothing interesting happening rn, I would like to recall the most amazing predictions ever made about the near future of Bitcoin. The year was 2015, the price was around $200 and a guy on reddit posted this:
https://www.reddit.com/r/Bitcoin/comments/2y97hl/the_next_bubble_the_10k_25k_one_will_be_epic_and/?sort=newIt is as if he had a crystall ball. The price developed precisely the way he predicted it. Although he expected a top 25K and crash to 2K at the end of 2016, this was not far from what happened in 2017. Check out the comments below. Practically everyone behaved like a troll dissing his arguments. Here are some of them:
----------
most coins on exchanges are just buy and sold after a 10% rise. Yes a huge buy order can kill the bots and start a rally, but at 2000 Eur everyone will be dumping like there's no tomorrow. btc is not like a stock, it's issued daily, hourly! that's a few millions per day.
The rise to $1200 was probably due to a highly illiquid market and dysfunction at mtgox.
Higher valuation leads to higher money supply in purchasing power terms. The current 3600 new BTC mined per day will need to be matched by demand at the higher valuation. I suspect things will get more interesting after a couple more reward halvings, at which time the annual BTC inflation rate will be very much lower than currently.
"the next bubble is virtually assured at this point" No it's not.
"We saw the bottom come in at $150" We have no idea if that was the bottom.
" end of the latest bear run." No one knows that.
"exponential expansion" Speculation.
"$2000, $4000.... $5000, $7000.
"
"We may get all the way to $28k before the major correction"
"The next bitcoin bubble (due before the end of 2016)" Sure it is.
10k per bitcoin? such lol. Never going to happen dude. And I'm a Bitcoiner all through.
$300 this year would be a stretch.
Not going to happen. The big wave of new users are going to be poor people, who have to buy satoshi's worth of bitcoin. They are going to push the price up slowly. I think it will take over 20 years.
The price is far more likely to go below $100 than ever hit the numbers you mention.
Do you have any idea about the downward pressure on the price today, and how much stronger that pressure becomes tomorrow?
Sorry but I don't ever see another bubble in Bitcoins future. If the price is bound to go up like you say, then it will do so ever so slowly like we're seeing now
-------------
A similar prediction can be made today if we just multiply the numbers by 10. May be the year won't be 2022 but 2023 or 2024 and the top 180K instead of 250K. The general principles of the mass adoption are still valid. There is nothing exceptional about the last ATH at $20K, so it is highly probable that it will be significantly improved in the next years. I have to admit that I give little chances for $100K in the next 2-3 years, because of the current situation. But it is better to be prepared for such a scenario and not getting overly excited at prices $40K-50K and sell everything. This guy predicted also that everyone will expect the bull run to end below 5K, but the opposite will happen. Yeah, a lot of food for thought... I personally may sell up to 66% of my stash at this range $40K-50K but with the option either to buy back lower or to buy a real estate in a prestige sea resort. It depends on the time. My main motivation for hodling is this purchase, so I won't be sad if I will miss bigger profits in a more distant future. Besides, the possible profit of some future sell of that estate would be between 3x and 5x depending on the deal I make. But that's for me. For most hodlers, it is better to sell a smaller part of their stash. And of course, to plan a boating trip before the main sell
Poll
