bitserve
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March 03, 2018, 05:40:18 AM |
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$500K at the end of this year? Not completely impossible, but NO. Hell no. I wish, but no. No way.
I'd say the same that it's completely impossible for this year. My limit for the price would be $30,000 - $50,000. Too much asking for the price of bitcoin. Let it recover first from the dip that it went through. Don't believe with high speculations that are just giving out numbers without technical analysis. Yeah $30K-$50K is within the posibilities.... It is also possible to just go down from here. Both are almost equally possible. But, $500K? No way. If we were talking in 10 years, then, donno, maybe if we want to be optimist... |
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airdagon
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Activity: 546
Merit: 17
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March 03, 2018, 05:47:39 AM |
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OMG! it is impossible to happen in this year bro haha
try you take a look, does this situation allow to reach $ 500k at the end of the year? IMO if in 2018 the situation is still like this, reach
$ 30k figure will be very difficult.
so do not think so far, we just think how to make this year we can exceed like the year 2017 ago.
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lablab03
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March 03, 2018, 07:08:35 AM |
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I wish it would happen, but I think not this year. Some currencies will dump, so it wouldn't happen this year. I wish many investors will invest in Bitcoin so that it will pump up.
500k is too high to reach on this year even though 30k in the future is impossible due to the whales and some FUDs that always exist in the market and around the internet which the common reason why the price of bitcoin always dropped back after it goes to the higher value . |
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Rajamuda
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March 03, 2018, 07:30:43 AM |
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For me, I'm not wishing too high about the price would be in there, I'm personally haven't at all yet to thought it will be achieved, anyhow the circumstances that's not known yet.. haven't yet can ensure the price will achieve it, it's so high  . |
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Lionel
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March 05, 2018, 07:32:35 PM |
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For my opinion will not can reach this price i can beilve i will pump till 30k . And i have to know Do you believe John McAfee is right about Bitcoin hitting $500,000 in 3 years?
It’s interesting that almost all existing analysis of cryptoassets are from the point of view of fundamentals (or lack thereof). It’s often useful to look at things quantitatively instead.
So here, what we really want to understand is the probability of bitcoin reaching $500,000. There are a few ways to do that.
My way is we can assume a completely random process and take a “gambler’s ruin” perspective. What is the probability that a random process will hit $500,000 before it hits $0? Given that the price as of end 15 dec 2017 is about $23,000, we’d get $23.000/$500,000 = 5%.
By "completely random process" you mean it can drop to 0 with no recover? I don't think so, as at this point Bitcoin has too much of a big user base in the world, that when the price drops significantly , many people take advantage to buy low, and the price slowly recovers again. So the whale dumps at this point cannot eliminate Bitcoin from the face of the Earth. BTC is too popular by now |
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Idrisu
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March 05, 2018, 07:57:51 PM |
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Seriously I doubt if bitcoin will get to $500,000 before the end of 2018 and the current happening has even make some speculators to said bitcoin might not hit $50,000 or even it last year high of $20,000! Bitcoin has the capacity to get to $500,000 and the reality is that it might not be this year but some years to come.
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Oceat
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March 05, 2018, 08:14:12 PM |
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For my opinion will not can reach this price i can beilve i will pump till 30k . And i have to know Do you believe John McAfee is right about Bitcoin hitting $500,000 in 3 years?
It’s interesting that almost all existing analysis of cryptoassets are from the point of view of fundamentals (or lack thereof). It’s often useful to look at things quantitatively instead.
So here, what we really want to understand is the probability of bitcoin reaching $500,000. There are a few ways to do that.
My way is we can assume a completely random process and take a “gambler’s ruin” perspective. What is the probability that a random process will hit $500,000 before it hits $0? Given that the price as of end 15 dec 2017 is about $23,000, we’d get $23.000/$500,000 = 5%.
As of today, the odds are clearly telling you that it is too difficult to happen. The main focus for now is how will Bitcoin going to hit the $12.5k resistance and i think it is about to happen in just a matter of time. Then reaching again for another resistance level which is i think $15k and by thinking like this you are helping yourself to gain a good profit here. Just forget about that $500k in 3 years because by just looking at the current price right now it is too difficult to happen. We do have a steady price range of $8k - $11k last month and i am thinking what would it be this time. |
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Crytptohack
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HodL!
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March 05, 2018, 08:33:28 PM |
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Trying to place a price on any asset with a specific time frame is not advisable at all as NO ONE knows exactly where any financial asset will be in the future. If anyone in the world could do this, they would have an unlimited amount of currency (fiat).
BTC was in a trading range for quite some time before the big breakout year, 2017.
Metcalfe made a chart of a network and it's exponential growth based on a continuing user base. If BTC continues to gain a huge worldwide adoption, it may continue to gain value or price growth. That being said, I speculate that the BTC price will be higher than the current price going forward.
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Johnyz
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March 05, 2018, 08:35:50 PM |
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For me, I'm not wishing too high about the price would be in there, I'm personally haven't at all yet to thought it will be achieved, anyhow the circumstances that's not known yet.. haven't yet can ensure the price will achieve it, it's so high . This is too much speculation, and I think its not possible this year. I believe it can reach that price 2-3years from now though we will be encounter so many ups and down but we will be on that level. If you're a believer try to hold your bitcoin until the end of this year and hopefully bitcoin will beyond $20k. |
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--DarkSecrets--
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March 06, 2018, 02:09:30 AM |
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For my opinion will not can reach this price i can beilve i will pump till 30k . And i have to know Do you believe John McAfee is right about Bitcoin hitting $500,000 in 3 years?
It’s interesting that almost all existing analysis of cryptoassets are from the point of view of fundamentals (or lack thereof). It’s often useful to look at things quantitatively instead.
So here, what we really want to understand is the probability of bitcoin reaching $500,000. There are a few ways to do that.
My way is we can assume a completely random process and take a “gambler’s ruin” perspective. What is the probability that a random process will hit $500,000 before it hits $0? Given that the price as of end 15 dec 2017 is about $23,000, we’d get $23.000/$500,000 = 5%.
The present predictions along the web was $50,000 target this year so if you are speaking of $55k it would be likely a dump before that can reach and for 500k this year and in 3 years is too much speculative that is predicting 3 years from now many things and events can begin to happen we don't know. |
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PalindromemordnilaP
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March 06, 2018, 02:38:38 AM |
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No, not really. I don't really think bitcoin can and of course, there's a lot of resistance around it whenever bitcoin plunges down its market value. If i have to speculate, bitcoin will only reach 30K USD - 50K USD all time high.
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tabas
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March 06, 2018, 02:55:13 AM |
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$500,000 for this year would be very bullish and there must be billions or I mean there's a need of trillion's of dollars that will come in to cryptocurrency to make it happen. I don't think so we will see it coming for this year, let's wait for more years.
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terrific
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March 06, 2018, 04:11:46 PM |
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$500K at the end of this year? Not completely impossible, but NO. Hell no. I wish, but no. No way.
I'd say the same that it's completely impossible for this year. My limit for the price would be $30,000 - $50,000. Too much asking for the price of bitcoin. Let it recover first from the dip that it went through. Don't believe with high speculations that are just giving out numbers without technical analysis. Yeah $30K-$50K is within the posibilities.... It is also possible to just go down from here. Both are almost equally possible. But, $500K? No way. If we were talking in 10 years, then, donno, maybe if we want to be optimist... It's a long journey and way before bitcoin goes to $30,000 - $50,000. Sometimes its good to have some speculations that are too high. 10 years time is possible to see bitcoin $500,000 but this early for this year its something that we can't assure if its possible. |
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greenclub09
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BBOD - The Best Crypto Derivatives Exchange
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March 06, 2018, 05:15:51 PM |
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it sounds like a dream, how can bitcoin rises that fast in just a year, specially with a coin has high value, because the higher the price the slower it rises. So it will be very crazy for bitcoin to reach 500k in this 2018, and even a very long time from now, bitcoin still hardly have the chance to rise that much, because it is unpractical prediction.
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bohr
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March 07, 2018, 04:41:12 AM |
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Not this year. Anything can happen but I don’t think we will see a recovery that quickly. It could take several more months of prices going sideways before we see all cryptocurrencies begin to recover.
I could see the price reaching $20,000 this year but maybe later in the year. Then I think prices will reach new highs and well beyond for many of the major cryptocurrencies.
I agree that price may be reached in the future maybe in a few years but to think it is going to be reached that fast is a huge mistake the problem with these kind of predictions is that some people believe in them and when the predictions do not come true then they get disappointed and sell too soon and then when the price finally reaches the target mark they realize they have no bitcoin in their wallets and they get no profits. |
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Happiest
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March 07, 2018, 05:50:31 AM
Last edit: March 07, 2018, 06:36:00 AM by Happiest |
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Do not trust whatever McAfee has to say, the guy just blows up words without adequate meaning, reasoning and calculations (more reasons why most ICO remove him as their advisor, including the ICO I'm wearing their signature) . How can bitcoin just reach $500,000 within three years. Though, bitcoin is capable to achieve greater price in the coming year but is inconclusive to say that and sounds like a get rich quick scheme. In the next three years, we are looking at the price of $50,000 at most. And moreover, nobody can actually predict the actual price of bitcoin.
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hase0278
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March 07, 2018, 01:29:13 PM |
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$500,000 for this year would be very bullish and there must be billions or I mean there's a need of trillion's of dollars that will come in to cryptocurrency to make it happen. I don't think so we will see it coming for this year, let's wait for more years.
I believe it is impossible(or nearly impossible) for bitcoin to reach the speculated price as price is not always increasing, and so is demand. First of all, there is no tangible thing that gives it value, price is only based merely on buying and selling(and also speculations). There is also a possibility that a better coin will come along to dethrone btc or government intervenes and many more possibilities. If it were to not happen though, the chance of btc reaching the said value by 2 decades is less than a 1% IMO. |
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YinShuiSiYuan
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March 07, 2018, 05:01:35 PM |
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This year there is no chance of achieving such a high price. This is a very optimistic prediction. There are so many factors affecting the price that it's hard to predict anything. Maybe one day in a few years.
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naidray
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March 08, 2018, 01:11:10 PM |
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I am beginning to think that McAfee is just having fun with bitcoin from creating fud on his twitter about binance to pumping up alt coins and being an obvious shill for them without doing research on them causing a dump on the markets. With the amount of followers he has all it takes is one miscued message and any alt coin can be screwed up.  Lol. So you did not know he is just a man trying to play on his followers to get some coin pumped after he has accumulated and then dump on them. Do you know why the rich keep getting richer, that is because they are very greedy too and those ones that are greedy will go to any length to deceive their followers. You should check some times that the coins he supports are shit coins, so what does that say about him ? He is just fond of giving baseless speculations, but we cannot hold him responsible for those who fall for it, since it is a free world. |
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Baoo
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March 08, 2018, 02:56:10 PM |
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Everything is expected in the era of bitcoin, but I do not think that we will see the price of Bitcoin become 500K in this year, but it is possible, that after a few years we will see this huge value (500K) or more especially when the governments will regoznie Bitcoin as a legal currency and then everything will change for the better in the field of funds.
In addition to that, I think in this year there will be some difficulties and successive crises in Bitcoin But those drops in value will be a bit temporary. As well, I'm pretty sure that after a few months (1-4) the price of this currency will rise with a fast way and may it will become between 30K and 40K.
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