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Author Topic: If this chart is correct, it puts the price of bitcoin at $91,000 by 2020  (Read 229 times)
Hemady17
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March 16, 2018, 12:48:19 PM
 #1

I have read this article and I just wondering if those people panic due to sudden price dip will change their mind. I have always a believer of Bitcoin even its price varies every day. But in the long term I know that the price will always go up. What’s your take on this article? Here’s the link https://www.marketwatch.com/story/bitcoins-bull-market-intact-expect-91000-by-2020-says-fundstrat-2018-03-15?siteid=rss&rss=1&link=sfmw_fb

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March 16, 2018, 12:58:40 PM
 #2

Here's my interpretation of this cat.


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March 16, 2018, 01:16:17 PM
 #3

I have read this article and I just wondering if those people panic due to sudden price dip will change their mind. I have always a believer of Bitcoin even its price varies every day.

Believers will always have their day when the price gets back to soaring highs while the panic sellers are left behind trying to cut their losses. It is a general trend of the current day market to have sudden price drops due to various influencing factors which have always taken a toll on the price indirectly.

But in the long term I know that the price will always go up.

This is every believer's words and it has always held true from the past few years now and continues to look the same.

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March 16, 2018, 01:41:13 PM
 #4

I have read this article and I just wondering if those people panic due to sudden price dip will change their mind. I have always a believer of Bitcoin even its price varies every day. But in the long term I know that the price will always go up. What’s your take on this article? Here’s the link https://www.marketwatch.com/story/bitcoins-bull-market-intact-expect-91000-by-2020-says-fundstrat-2018-03-15?siteid=rss&rss=1&link=sfmw_fb

Well, they have some interesting points. For example I've never thought of March being historically worse month for Bitcoin but apparently it's true.
Regarding the "$91,000 by 2020" prediction we all know the numbers can't be accurate to such a degree. That said, I do believe that in two years Bitcoin price will be in the range from $60,000 to $120,000, so their prediction is accurate to an extent imo. Overall, I know it's a click-bait article, but still ... it's a good one imo. Smiley

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March 16, 2018, 01:57:57 PM
 #5

The graph shows important details and prediction of how bitcoin behaves as it progresses going up. But these are all predictions that could either become true or would remain like a fiction. All these remains unclear until none will be interrupting the growth of bitcoin. The sudden drop in values of bitcoin is an indicator that the events like banning and some other things negative in aspect put bitcoin's progress to a halt. This could have become true had these negative things had not affected it. Hopefully and maybe in the future.

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March 16, 2018, 02:16:31 PM
 #6

Bitcoin price declined as of now. One of the biggest mistake I ever had is when I invested in bitcoin before the opening of March, 2018, hoping that I will earn this month due to the FUD news I've encountered when I am gathering information about bitcoin.
Unfortunately, the price continuously crash as of now. In fact, 30% of my investment was already lost. I hope that someday market will be bullished by crypto people.

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March 16, 2018, 05:43:36 PM
 #7

The simple fact with bitcoin is as long as demand is increasing then the price will continue to increase and I don't see many scenarios in where demand decreases over the next years. There are too many people who are still very bullish on bitcoin and too many who still have no idea about it. If that means 90k by 2020 or not I do not know.

It would not surprise me in the future if bitcoin functions very similarly to gold and other cryptocurrencies are actually the ones that are used for more traditional payments.

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March 16, 2018, 06:31:28 PM
 #8

Ha ha The chart is not correct. It has a mistake!

Look at the predicted price in the upper right corner. It is not showing $91,000 in 2020.

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March 16, 2018, 09:19:08 PM
 #9

When viewed from the increasing deficit of the existing bitcoin supply it is very likely that bitcoin prices could reach $ 91,000 by 2020

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March 16, 2018, 09:23:40 PM
 #10

Ha ha The chart is not correct. It has a mistake!

Look at the predicted price in the upper right corner. It is not showing $91,000 in 2020.

This. The chart really does not make much sense, but it's interesting to see another ratio for prediction of price.

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March 16, 2018, 09:23:56 PM
 #11

we go again with very high price forecasts, but honestly, in times like these ( low price ) we need to something optimistic even if it is a just hope for a better future, yet it is already something, in the end at least it has not surpassed certain people with its predictions of $500.000.

reading this: ‘Cryptomatoes’ Grows 5 Acres Of Fruit From Bitcoin Mining Heat

We are using the excess heat for the tomato greenhouse and it is working,” Brejcha confirmed.

In the future a lot more people from several countries will use bitcoin and who knows more things like "cryptomatoes" will be created.





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March 16, 2018, 09:24:15 PM
 #12

I have read this article and I just wondering if those people panic due to sudden price dip will change their mind. I have always a believer of Bitcoin even its price varies every day. But in the long term I know that the price will always go up. What’s your take on this article? Here’s the link https://www.marketwatch.com/story/bitcoins-bull-market-intact-expect-91000-by-2020-says-fundstrat-2018-03-15?siteid=rss&rss=1&link=sfmw_fb
I am also a believer of bitcoin , and I feel confident that it will pump and will go even higher than it use to be. Bitcoin is really unpredictable so anything can happen soon, it can actually rise and reach $50000, it can also drops and go $100, but surely it will always appreciate, we just need to believe and continue supporting it.
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March 16, 2018, 10:09:45 PM
 #13

This is the goal that bitcoin can achieve in 2020. The cryptocurrency market is receiving a lot of attention from the world investment community, which is reflected in the value of the whole market has increased many times over. years. I believe that bitcoin will be more and more valuable because it is scarce and is used most in crypto types in the market.
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March 16, 2018, 10:14:04 PM
 #14

Overall Trend of Bitcoin growth is highly positive. It has shown some really good growth in last few years. But right now the environment created is quite negative which is pulling back Bitcoin. If BTC able to survive to all these hindrance, then $91K is not a big mark to achieve till 2020.

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March 16, 2018, 10:23:48 PM
 #15

To predict Bitcoin's price has become a world wide hobby, in fact it doesn't make any sense since not all variables in Bitcoin's equations are known. It is sufficient that some laws make it illegal or unsuitable or that Satoshi throws on the market his 1 million of Bitcoins, and there you suddenly have no Bitcoin any more.
This being said, there is the possibility that Bitcoin reaches that price by 2020, but it's just a possibility.

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March 16, 2018, 11:10:56 PM
 #16

There is no 100 percent forecast, but knowing the fundamentals, looking at the charts, can always reduce the risk of investment.

But short-term policy and big events have had an impact on the price of bitcoin, such as the fact that bitcoin has halved every four years and can be predicted to grow.
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March 16, 2018, 11:19:28 PM
 #17

pro-tip signal: it's not

Would btc ever to reach that heights, it must have been bullish af right now.
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March 17, 2018, 12:24:11 AM
 #18

Here's my interpretation of this cat.


I think we should exclude the very early years because there was not enough liquidity till 2012 or 2013. Bitcoin community was so small that we cannot compare prices from those times with market behaviour in 2018.
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March 17, 2018, 02:26:34 AM
 #19

These charts are just tools to convince people to buy or sell. I do not believe that they are actually reliable or accurate, and I've seen them for the last 5 years. Do you ever hear of committees or AIs or projects that correctly predict the outcome of the US presidential elections? Well, they're just chance; there are so many predictions that it is certain that a few of them will, just by chance, be correct every time since 19__. But the truth is, every year, half of them are wrong. The same thing is happening here, there are charts that were right - but many more that were wrong, that we originally looked at just the same as we did the ones that ended up being right. It's just chance!

No, I do not believe price swings from 2011 are going to help predict what will happen in 2020. The market was completely different then, and a hundred thousand times smaller.
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March 17, 2018, 02:52:31 AM
 #20

Interesing price analysis from year 2015 to year 2020 the price will reach $100000 but still this is only speculation and bitcoin is a very volatile currency i think bitcoin's price will be decided and affect bitcoin greatly is the desisyon at G20 summit if countries decide to accept bitcoin or not. But always expect the unexpected on bitcoin the price may turn into bullish anytime.


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