[2017-12-11]Dave Chapman predicts Six-Figures for Bitcoin in 2018

[crypto_fanatic44]

In an interview by  CNBC’s Squawk Box on Bitcoin Futures Trading, Dave Chapman predicts Bitcoin to cross $100000 highly psychological resistance by the end of year 2018.

Full article: http://cryptobible.io/dave-chapman-predicts-six-figures-bitcoin-2018/

[1715295465]

1715295465

[1715295465]

1715295465

[1715295465]

1715295465

[Carlton Banks]

Hmmm, this is all a bit self-fulfilling when it comes to an immature hard money market like Bitcoin. And what may also be self-fulfilling is how much the price corrects after the speculative peak.

Demand needs to be economic, not speculative, in order to sustain any valuation when it comes to a medium of exchange, however innovative or novel. Where is the actual analysis that supports the possibility of any of these predicted prices?

All we hear from these so-called experts are dizzyingly high dollar prices, and nothing about how sustainable the valuations are, or what any basis is for the predictions. I'm a big Bitcoin/cyptocoin advocate, so I have no problem with people becoming a part of the Bitcoin economy; the BTC price will improve as more economic activity is added, everyone wins.

But these bullish TV market "gurus" are no better than their bearish counterparts: senselessly shouting ever bigger numbers like autistic parrots.

[richardsNY]

I didn't expect anything else in a time where predictions are based on the most recent sentiment. I don't add any value to all the recent predictions because they are nothing more than hype driven. Where were these self claimed experts and analysts before with their bullish predictions? I only have only seen them unleash negativity and crash warnings over Bitcoin in the previous years, and now they suddenly have seen the light? Bitcoin attracts visitors and views in current times, where on top of that, the average joes don't know how to seperate garbage from proper analysis, so they'll likely believe this.