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Author Topic: Speculation on BTC  (Read 1307 times)
bitcoinbrokeragegroup1
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May 25, 2018, 02:19:24 PM
Merited by TomUyamot (1)
 #1

I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.

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May 25, 2018, 02:49:25 PM
 #2

I believe there are plenty of powers fighting for the dominance over bitcoin some of which are trying to suppress the price and some drive it up. Moreover, bitcoin's rate is pretty dependent on news. With all that in mind, I would dare making any predictions as there always is a chance of a black swan.
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May 25, 2018, 02:56:09 PM
 #3

I agree completely. Just trying to figure out what causes the price to fluctuate could take forever, as the economic basis is separate from the emotional one.

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May 25, 2018, 03:01:36 PM
 #4

on what basis do they talk like that? is it just a prediction?
but I hope it really happened  Roll Eyes

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May 25, 2018, 03:17:07 PM
 #5

everyone has their own opinions, and you didn't exactly quote a particular person or given any links so we don't know why they said that. you should find it yourself and see the source where that particular person is making that prediction and i am sure they have already explained why they think this year is the last time we are going to see below $10k.

and remember no matter who made that speculation that is still a speculation like any other.

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May 25, 2018, 03:24:13 PM
 #6

I do not believe in anything like that. many experts say if the year 2018 bitcoin prices will be very high, but until now there is no sign if the price of bitcoin will rise.

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May 25, 2018, 03:35:25 PM
 #7

I do not believe in anything like that. many experts say if the year 2018 bitcoin prices will be very high, but until now there is no sign if the price of bitcoin will rise.
I also do not believe on that, first of all everyone knows that no one can exactly knows what will really happen may it be this year or even in incoming years. One thing i am sure about is that bitcoin will not disappear because people were now interested and willing learn about it and i guess it would last even if i die, im sure bitcoin will still be there.
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May 25, 2018, 03:49:08 PM
 #8

I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.
We all have the rights to say what we wanna say,and this two guys has their own.
And im still believe that saying about five digits would be this last year is appropriate because last year we have reached almost $20,000 and thats not a small margin,there must be a massive attack against bitcoin domination but we can see the resistance from the bitcoin supporters everytimw they try to dump bitcoin most of the alts from top coins drops with this.

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May 25, 2018, 04:01:51 PM
 #9

I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.

Nobody has any control over the price so nobody has any reasonable expectation about what the price is going to do in the future. Prognostications by anyone, even people from the BTC Foundation, are rather worthless. It seems more likely they're trying to stoke demand since weak demand has been slowly deflating the price for awhile now. As members of the BTC Foundation, I expect they probably have significant Bitcoin holdings and are probably worried about how those holdings have depreciated in value over the last 6 or so months. Because of this, I would view such "predictions" as not only baseless (like any other price prediction), but also self-motivated and conflict-oriented. After all, I'm sure none of these guys would have ever predicted at the time Bitcoin was trading above $19,000 that it would ever again see a price below $7,000, and as we all know it reached that less than 6 months later! And that's why their predictions are worthless.
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May 25, 2018, 04:02:01 PM
 #10

I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.

No one can really predict the future of crypto specially the values at a given time. Even experts cant accurately predict but its very much possible due to the mining difficulty that will happen next year. As we all know that every four years the mining difficulty of bitcoin increases together with its value but this does not really assure us that the value will definitely skyrocket or even be doubled since bitcoin's value is dependent on the acceptance and adaption of the people to the currency. The next halving is expected happen on the 31st of May 2020 and we will just have to wait and see what the future will bring.


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May 25, 2018, 04:02:37 PM
 #11

The volatility of bitcoin as a feature of crypto was possibly not considered in the prediction. Its fine to be optimistic but in the world of investments speculations must be laced with rationality in thinking and measurements. While we hope that this is realized some day, please run with the reality of today.
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May 25, 2018, 07:38:25 PM
 #12

The volatility of bitcoin as a feature of crypto was possibly not considered in the prediction. Its fine to be optimistic but in the world of investments speculations must be laced with rationality in thinking and measurements. While we hope that this is realized some day, please run with the reality of today.

I think the volatility of Bitcoin is exactly why they are saying this... They're not stupid enough to really believe Bitcoin would stay above $10k/BTC for the rest of its life. They're smart people and tell the crowd just what they want to hear.

They're saying this, because everyone knows Bitcoin is volatile and that it could grow (or fall) by many percents per day. When experts say the price goes up, people naturally believe that with a volatile asset, that means it would go up a lot and would therefore make them a ton of money.

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May 25, 2018, 07:47:43 PM
 #13

I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.

I do not really know where they get it also but I do believe in the power of cryptocurrency.
There are still coins or tokens out there that is not moving and that is because their investors and supporters and not dying on them.
It will be the same with bitcoin if that is what is happening. But why come to this bear market?
It just means one thing for me. There are more and more people that are owning bitcoin. That means a lot of fluctuation if decided to sell while on the other hand the altcoin dont have that much yet.
Population of holders will really affect a lot, even the smallest one.

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May 25, 2018, 08:25:32 PM
 #14

They are true believer and optimistic with bitcoin. If they ever said that this will be the year that bitcoin will be under $10,000 then that's great! We only have to hold until next year and that's few more months to go.
They have analyzed it basing the supply limit of bitcoin and it's next halving on May 2020.

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May 25, 2018, 09:09:42 PM
 #15

Speculation are present in every sphere of uor live, can be little selfish, but I`m trying to earn mine, and dont worry about others earnings.
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May 25, 2018, 10:26:51 PM
 #16

İf the subject is bitcoin than nearly all of the speculations are wrong and nearly all of the speculations are right.it will go up, it will crash down, it will soar in the sky and than get dismembered by a bear.noone knows which will be next and also everybody knows.you can predict pretty much anything and it can come true eventually.


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May 25, 2018, 10:34:10 PM
 #17

I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.

Speculations will be speculations as long as there is a solid proof that it will definitely become realistic. No matter how many times people speculate the price of Bitcoin, it will only depend on how the marketing is going and if people will still invest in this crypto. Then again, I will not believe easily on speculations especially when there is no solid proof to the claim.

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May 25, 2018, 11:58:17 PM
 #18

I really miss those disclaimers those who give financial / investment advice used in past eras where they said: "said person is not currently invested in the thing they're currently offering advice on". Objective and independent analysis is critical in gauging things like future price projections. Its very hard for someone to be either objective or independent if they invested $50,000 in gold/silver or $50,000 in bitcoin which is often the case for those offering investment "advice". And so perhaps it is a worthwhile goal to be cautious and practice "caveat emptor"(buyer beware) when pondering things some say.

I think the three main variables when considering future bitcoin price might be broken down thusly.

1. The state of the us dollar and european euro. If debt and deficit increases for either the USA or EU the value of bitcoin and crypto should increase. Concern over the stability and reliability of fiat currency is one of the main overriding factors determining how badly precious metals and crypto currencies are in demand for a populace which is seeking ways to maintain the value of their wealth in the face of worse case scenario fiat devaluation or hyperinflation. Currently there are many nations in the world which are dealing with currency devaluation/hyperinflation scenarios. The USA and EU may be the last to feel the threat of this but inevitably if nothing crucial changes they are both likely to end up in trouble eventually.

2. Worldwide regulation and potential legal crackdowns on bitcoin and crypto. How and when this is implemented could have a future impact on price. I think everyone knows most potential scenarios here.

3. Lastly I think demand and the size of crypto's userbase is the final main factor. How educated and informed crypto's userbase is and how well they support the right altcoins and policies could make a massive difference.

Of course this is all off the top of my head so maybe not the best breakdown but hopefully I gave someone something worth pondering or reading.

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May 28, 2018, 04:36:07 PM
 #19

Well, I somewhat agree with the statement because the recent price rally brought many investors/users in this industry and most of them are waiting for the entry point to put their capital and at the same time, they don't want to take any risk so as soon as BTC will get some momentum on the price chart, we will see domino effect on the price and it will break the previous all-time high record. Considering the growth of the user base, I do see huge growth potential in the coming years.

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May 28, 2018, 04:49:58 PM
 #20

I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.
Stabilization of Bitcoin's value is not beneficial to those who own it. After all, he was bought as an investment and he should bring income. So there are up and down swings, from 7K to 10K. This I think is the main reason.
And I do not exclude large investors who throw out large sums.
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