Llew Claseen says BTC will hit 40,000 Dollar by the end 2018.

[jseverson]

Interesting viewpoint, I never really considered that being vulnerable to spam attacks is an issue in
itself. I´m just speculating, but maybe it will become increasingly expensive to spam
the network when the Bitcoin price reaches new highs (after all fees are calculated in BTC and
the people with nefarious intentions are likely not having huge amounts of BTC, but rather huge
amounts of fiat).

That's true. One of the purposes of miner fees is to discourage spammers from spamming the network with transactions after all. You have to consider though, for this particular case, the supposed spammers spammed Bitcoin at its peak, which is $19,000+. It's sitting just below $11,000 now, so if we oversimplify things, we could assume they only need half as much fiat to spam the way they did last year. If they really did orchestrate the transaction surge then, they have shown that they have money to burn, and they're willing to go for it. Any other entity who ticks all the right boxes can go down the same path too. That means the network is at these people's mercy, and that's a problem.

I do hope the increasing Bitcoin price will dissuade malicious entities from network spams, but the better solution would be to address Bitcoin's scalability problem.

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[Tambu]

For the passed 30 days the average  BTC price fluctuations around 15% and the highest  is +29% and the lowest is -30%. The prediction to reach  $40K it appears as speculation.

[batang_bitcoin]

So first it is Novogratz saying this prediction and now Llew Claseen. Although I don't know who Claseen really is but why is it that there is a similarity to their prediction. For those altcoin enthusiasts and putting all of their life savings to divest into such altcoins this might be interesting and intriguing to them. I have some alts holding but mostly with bitcoin.

[Kulafu]

Well if you want facts, here are some you might find interesting:

(at the time of writing)

1) There are 1,545 coins/tokens listed on coinmarketcap.com
2) The cryptocurrency market cap is currently at $489,379,690,258
3) The top 100 coins/tokens alone (6.47%) account for $469,263,573,711 (95.8%) of the total cryptocurrency market cap

I know this doesn't mean that the bottom 93.53% are failing, but it's no secret that they're far behind. A large majority of them could fail and no one would notice. His prediction may be overly harsh, but I'd say it's not too unlikely.

 I just check the coin market cap the the top gainer coins/tokens are those not belong to top 200. The 95% prediction of altcoins to fail bit harsh.
As long there are many altcoins and investors are invested on it, it will prevent the the BTC price to soar high in unprecedented manner.   

[jseverson]

I just check the coin market cap the the top gainer coins/tokens are those not belong to top 200. The 95% prediction of altcoins to fail bit harsh.
As long there are many altcoins and investors are invested on it, it will prevent the the BTC price to soar high in unprecedented manner.  

Umm what? I just checked myself and the top 100 in terms of change are pretty much all in the top 100 in terms of market cap. Not only that, only the top 63 actually registered any growth at all. Everything else is in negatives. I know this isn't conclusive of anything at all because it only covers 24 hours, but it does not bode well for your case.

Another thing I'd like to note is that pump and dump groups like using coins with small market caps for their bullshit because they tend to be easy to manipulate, so growth can be a non-factor of success in some cases.

[PalindromemordnilaP]

I think that's a realistic market price for bitcoin if its demand will continue to rise too. As we know, bitcoin is very volatile and if its volatility will favor to increasing its market cap and price, then a 40,000$ price per token is possible this year.

[Kulafu]

So first it is Novogratz saying this prediction and now Llew Claseen. Although I don't know who Claseen really is but why is it that there is a similarity to their prediction. For those altcoin enthusiasts and putting all of their life savings to divest into such altcoins this might be interesting and intriguing to them. I have some alts holding but mostly with bitcoin.

It could be these two holding a huge number of BTC on their cache therefore they made this prediction as a promotion of BTC after the deep dip.

[followmenot]

I feel like this is quite possible if lightning network process is gonna be completed this year. Bitcoin will stay as best cryptocurrency that is sure thing but this negative weather about altcoins isn't valid in my opinion.

[batang_bitcoin]

So first it is Novogratz saying this prediction and now Llew Claseen. Although I don't know who Claseen really is but why is it that there is a similarity to their prediction. For those altcoin enthusiasts and putting all of their life savings to divest into such altcoins this might be interesting and intriguing to them. I have some alts holding but mostly with bitcoin.

It could be these two holding a huge number of BTC on their cache therefore they made this prediction as a promotion of BTC after the deep dip.

It's only an assumption but whether they hold many bitcoin or not they are really helping to pump bitcoin's price. For these predictors who are giving a nice description for bitcoin by giving such statements that bitcoin can be at $xx,xxx.00 in this year. It brings positive review to those spectators that are just looking and watching on how bitcoin moves.

I feel like this is quite possible if lightning network process is gonna be completed this year. Bitcoin will stay as best cryptocurrency that is sure thing but this negative weather about altcoins isn't valid in my opinion.

Segwit for now is giving a nice feed back to the network and if LN will be processed then we might see a very close price on what Claseen is saying.

[LFC_Bitcoin]

$40,000 is only double the ATH so you’d have to see it as possible. I wouldn’t like to make sweeping statements & declare bitcoin WILL reach a certain figure by the end of the year. Let’s just wait & see.

[marcbitcoins]

Bitcoin Foundation’s Llew Claasen Says Bitcoin Will Hit $40,000, 90% Of Altcoins Will Fail.
https://cointelegraph.com/news/bitcoin-foundations-llew-claasen-says-bitcoin-will-hit-40000-90-of-altcoins-will-fail

Hmm! it is a bitter prediction after the dip (losses) or a better prediction which need to ponder?
For me, seems Llew Claseen needs a quick revenue after a huge losses.

I think this $40,000 is already predicted and speculated last year but it did not become possible even the most popular speculated value of @20,000 were not hit because of the ultimate corrections. Now another prediction for this mark is now spreading without reliable basis maybe this is because to attract more investors to pour their investment to Bitcoin but anyway this is better than FUD in which it will make Bitcoin price value to fall down.

[airdagon]

woww this is a very good article, this article draws a lot catch one eye.
very predictable this can happen. But, will it really happen? indeed the numbers are so fast growing because we have a lot of FUD and if segwit in provide maybe the cost will be cheaper.
I think this person is quite difficult to achieve, it is within a few weeks behind the numbers so rapidly increased but now, the speed is less, not like yesterday again.
it must be you also know, whether it is bitcoinfluctuation, not always up and not always down. predictions are predictions not necessarily every prediction becomes real. we can be optimistic, if not excessive let alone the numbers flow like water, just follow where he goes. 

[vectorshield]

Bitcoin Foundation’s Llew Claasen Says Bitcoin Will Hit $40,000, 90% Of Altcoins Will Fail.
https://cointelegraph.com/news/bitcoin-foundations-llew-claasen-says-bitcoin-will-hit-40000-90-of-altcoins-will-fail

Hmm! it is a bitter prediction after the dip (losses) or a better prediction which need to ponder?
For me, seems Llew Claseen needs a quick revenue after a huge losses.

I do not know 40k seems to be low, I have the expectation that bitcoin may even reach 60k in their year, may be not for long but for a few days before the price goes down again, about the altcoins I agree most altcoins are just trash and will disappear sooner or later.

[vit05]

Even if 90% of the ALts that exist today fail, we will still have thousands by the end of 2018. We are still far from having projects covering every opportunity to monetize the protocols and offer new ways to create economic incentives in this new economy.

[timerland]

Bitcoin Foundation’s Llew Claasen Says Bitcoin Will Hit $40,000, 90% Of Altcoins Will Fail.
https://cointelegraph.com/news/bitcoin-foundations-llew-claasen-says-bitcoin-will-hit-40000-90-of-altcoins-will-fail

Hmm! it is a bitter prediction after the dip (losses) or a better prediction which need to ponder?
For me, seems Llew Claseen needs a quick revenue after a huge losses.

It's his opinion, after all. It's not something that's going to happen, 100% guaranteed.

I think that there is a chance that this may happen. It does not mean that it's going to happen at all, though.

His opinion is probably not going to influence the market that much, meaning that the theory of him wanting to make a quick dollar by saying this kind of bullish news is probably not true. $40k is nearly a quadrupling of the price, and I personally haven't seen any investments be able to sustain hundreds of percent of growth for 2 years in a row. Bitcoin should be no exception.

Alts come and go, they are quite irrelevant.

[Kulafu]

Bitcoin Foundation’s Llew Claasen Says Bitcoin Will Hit $40,000, 90% Of Altcoins Will Fail.
https://cointelegraph.com/news/bitcoin-foundations-llew-claasen-says-bitcoin-will-hit-40000-90-of-altcoins-will-fail

Hmm! it is a bitter prediction after the dip (losses) or a better prediction which need to ponder?
For me, seems Llew Claseen needs a quick revenue after a huge losses.

It's his opinion, after all. It's not something that's going to happen, 100% guaranteed.

I think that there is a chance that this may happen. It does not mean that it's going to happen at all, though.

His opinion is probably not going to influence the market that much, meaning that the theory of him wanting to make a quick dollar by saying this kind of bullish news is probably not true. $40k is nearly a quadrupling of the price, and I personally haven't seen any investments be able to sustain hundreds of percent of growth for 2 years in a row. Bitcoin should be no exception.

Alts come and go, they are quite irrelevant.

Though it is an opinion but there is always a power in the words of the an influential people or a leader.  People tend to take it as a serious statement which can greatly affect the future of crypto.

[Syke]

Though it is an opinion but there is always a power in the words of the an influential people or a leader.

He doesn't appear to be that influential.

[wuvdoll]

I think BTC to hit $40K by end of 2018 is beyond reach. The current status of BTC seems it just hover below $20K. Llew CLaseen just made a wild prediction to encourage investors to place money on BTC after a huge lose.

That is really a wide assumption without any base from Llew and I totally agree with you. It is good to encourage investors, but smart investors anyway would not really bother themselves right now with what is going on with bitcoin but would rather hold more positions at the dips anyway since it is not like bitcoin is going anywhere and it has a lot of future. As long as we have not even close to smelling the previous ATH, thinking of $40k is really unimaginable for this year.

Llew Claseen is just a speculator just like anyone else and everything he has said is not even backed by any analysis but just typical assumptions. Now, we all know so many altcoins are already failing and some without real product will definitely fail the more, but having a specific percentage may not really suffice. However, if we look at the percentage of altcoins in the market now without real product, they are far more than those with usable products, but the value of bitcoin? I am not sure about that yet.

[Tambu]

Though it is an opinion but there is always a power in the words of the an influential people or a leader.

He doesn't appear to be that influential.

It could be to you he is not influential but in other people it could be he is. And the impact of his words could move those people and will start believing and  will risk their money to invest more on BTC.

[Kemarit]

I think BTC to hit $40K by end of 2018 is beyond reach. The current status of BTC seems it just hover below $20K. Llew CLaseen just made a wild prediction to encourage investors to place money on BTC after a huge lose.

LOL. Checked the bitcoin record last year, no one around in this forum thought that we could get as close as $20,000 but 2017 proved it can go and even touches it. So don't say that $40,000 is beyond reach. Its barely three months and a lot can happened in the next coming months that will push to price even further that what Llew Claseen has predicted. Of course, he is bullish about bitcoin because I'm sure that he is a big investors, and $40,000 is really hittable. I have no doubt that we can even get to $50,000 if the prevailing markets turn bullish specially at the end of the year. It may be a tough road ahead by eventually we will get to it.