Trace Mayer Predicts Bitcoin Will Hit $27,395 USD By February 2018

[In the silence]

Is this true?

https://cryptodaily.co.uk/2017/10/trace-mayer-predicts-bitcoin-will-hit-27395-usd-february-2018/

If you look a tthe the charts it may be true that we will come to that easily. Many are speculating that it will go up to $20,000 in february.
Just like last year and this year, all is going smoothly.

[1715025640]

1715025640

[player514]

Is this true?

https://cryptodaily.co.uk/2017/10/trace-mayer-predicts-bitcoin-will-hit-27395-usd-february-2018/

If you look a tthe the charts it may be true that we will come to that easily. Many are speculating that it will go up to $20,000 in february.
Just like last year and this year, all is going smoothly.

It's easy to only look at the ups in terms of the charts. It's possible that the charts don't even mean anything in the long run -- there could be a big drop anywhere between here and in February. It already seems like the pace is slowing down a little bit for bitcoin right now. I think it's feasible to reach 7-8k by February even after all the correction periods.

[TastyChillySauce00]

Is this true?

https://cryptodaily.co.uk/2017/10/trace-mayer-predicts-bitcoin-will-hit-27395-usd-february-2018/

If you look a tthe the charts it may be true that we will come to that easily. Many are speculating that it will go up to $20,000 in february.
Just like last year and this year, all is going smoothly.

No offense but there's many factors that could affect the price of bitcoin, whether it'll be capable of hitting $27K in february, no one knows but reading the chart doesn't determine the certainty of the price pump.
After all, it's just merely speculation for bitcoin, however still be pleased if it becomes true.
But it seems that Trace Mayer's predict does make sense by comparing to the price of bitcoin in the past, let's all see since february 2018 is near.

[adam1230]

At least one of the spokes person made a good prediction about bitcoin. Really nice prediction about bitcoin price and i agree with this prediction.
Lets wait and see and hope this dream come true.

[Syke]

From the actual article:

Mayer sustains that bitcoin would be fairly priced at around 4 times the moving value in the last 200 days. That figure should be $27,395 USD if bitcoin’s 200-day moving average hits $5,767.50 USD.

He simply said $27k would be a "fair" price based on past growth. That's far different than a price prediction.

[Shamie1002]

I think that it is too much for a prediction. Before, when the first for happened, the prices recovered in weeks and doubled the price of bitcoin in two months. If fork will happen I think it will be recovering within weeks also or even earlier. February seems to be a good prediction of a price hike but $27.395k is quite big, a doubled price as expected. But yes I do agree that if there will be information like this more people will invest and that would contribute to the earlier increase in bitcoin price.

[thecodebear]

Is this true?

https://cryptodaily.co.uk/2017/10/trace-mayer-predicts-bitcoin-will-hit-27395-usd-february-2018/

If you look a tthe the charts it may be true that we will come to that easily. Many are speculating that it will go up to $20,000 in february.
Just like last year and this year, all is going smoothly.

Literally the only person I've seen who has speculated this is this Trace Mayer guy.

Bitcoin so far this year has been doubling at a rate of just under 4 months, which is very fast historically for bitcoin, and I expect it to slow down now - though I'm still expecting at least a tripling in value next year. Saying it is going to double more than twice in four months is absurd. That kind of thing hasn't happened since 2013, and since there is much more money in bitcoin now it is very unlikely to rise at such a fast pace again. I guess the only way I could see a short lived boost on that magnitude (percentage-wise) would be if a few big investment firms all start allowing their clients to buy bitcoin through them in a short period of time, which would bring in millions more bitcoin owners in a short period of time.

[alyssa85]

There would need to be a LOT of new money coming into bitcoin for it to hit $27k in just a few months. Like big hedge fund money.

The trouble is, none of the exchanges are equipped to handle huge volumes. Predictably, they all struggled today when bitcoin spiked to $6000. They would never cope with a doubling of users, the whole thing would grind to a halt and the price would fall back.

[Torque]

I think he's wrong.

I think it will only hit $27,389 by then.

[Selmor]

Im not sure about that. The hype is atm to big. Nevertheless, if it will happen i will buy me a ferrari