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Author Topic: $50K in 2020? No. More like $5K in 2020.  (Read 185 times)
eth9888
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June 12, 2018, 10:25:29 PM
 #1

HODL they said
Buy the dip they said

Btc at $19K  --- buy it's going to $50K!
Btc at $17K  --- buy now it's never going to be below $20K anymore
Btc at $13K  --- buy, it's now a correction of 30% from top
Btc at $10K  --- strong support, buy now!
Btc at $9K    --- buy now! btc will not be trading at 4 digit in a few months time!
Now btc at $6K  --- buy now!! only stupid sell at this level!
goes on and on until btc hits $1K --- buy................ hodl....................................... it will go back to $10K in 50 years time...... HOOOOODDDDDLLLLLLLL


""I bought 3 btcs at $20K on credit, now btc is $15K what should I do?""
https://bitcointalk.org/index.php?topic=2889212.0

"Hold on still. Just relax and avoid selling bexause it will just make its market value lower also, you will lose money from your investment. "
"Hold onto those bitcoins this crazy dip might tale longer to recover so hold. In the meantime you can buy more bitcoins!"
"Like everyone else said. Just hold out for now. "
"So sad you're not in good track but don't loss your hope, bitcoin will recover soon and for sure you will get some profit from it. "
"I suggest you Hold on!"
"Just hold on to it. Or buy some more to average down."
"HODL bro! If you sell now you are going to regret."
"I think the only thing i can suggest is to hold your bitcoins,don't sell it."
"hold to the death  Cheesy Cheesy,and live your life"



F all those people who asked this memeber to not sell at $15K
F all of you who thought you knew better and kept asking people to "buy the dip" and HODL. Completely irresponsible.


keep dreaming about your fake money that you have never earned
I'm sorry but all those $50000 in 2020 is BS! BTC could be $50K in 2020 but now is more like $5K
Bear market just started !!

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June 12, 2018, 10:26:19 PM
 #2

Agreed, $50k is hilariously comical. I see it dropping to around $5,000 by end of year
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June 12, 2018, 10:41:44 PM
 #3

People's mind change very easily.
In the late 2017 many people were believed that price will rise 1 million dollar. And now everything has changed. These people are always the losers and Whales love them.
Nothing has changed. There have some been bigger corrections in the past.

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June 12, 2018, 10:46:38 PM
 #4

We have different opinions about bitcoin price. Some of us said bitcoin will go up and the other half said will go down. 50k dollars is possible to happen maybe this is happen or it will not happen depends to the demand on the market if we have many buyers or not. But I hope it will increase the price again.

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June 12, 2018, 11:06:53 PM
 #5

A lot of the market is almost ironic these days, there's just no respite for anyone who bought in around 20k, now it seems like tokens are the only ways to actually make some money since the Bitcoin market is a combination of the least upwardly-volatile and most disinterested I've ever seen it, at least for the most part. I'm not exactly anticipating a drop to $5k in 2020, but at this point I'm not discounting anything. Who knows where it'll end up going.
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June 12, 2018, 11:32:47 PM
 #6

HODL they said
Buy the dip they said

Btc at $19K  --- buy it's going to $50K!
Btc at $17K  --- buy now it's never going to be below $20K anymore
Btc at $13K  --- buy, it's now a correction of 30% from top
Btc at $10K  --- strong support, buy now!
Btc at $9K    --- buy now! btc will not be trading at 4 digit in a few months time!
Now btc at $6K  --- buy now!! only stupid sell at this level!
goes on and on until btc hits $1K --- buy................ hodl....................................... it will go back to $10K in 50 years time...... HOOOOODDDDDLLLLLLLL

Here's the thing, every time we enter a bear market threads like these come out of the shadows and litter the forum. I feel like I am having Deja-Vu because I've read soooo many posts sounding exactly like your posts. Except this was back in 2014. The short term does not matter.

""I bought 3 btcs at $20K on credit, now btc is $15K what should I do?""
https://bitcointalk.org/index.php?topic=2889212.0


He bought it on credit. That is a huge risk that no one should take. If you are buying BTC on credit, chances are you shouldn't be buying BTC at all and you might potentially have a gambling problem.


F all those people who asked this memeber to not sell at $15K
F all of you who thought you knew better and kept asking people to "buy the dip" and HODL. Completely irresponsible.


keep dreaming about your fake money that you have never earned
I'm sorry but all those $50000 in 2020 is BS! BTC could be $50K in 2020 but now is more like $5K
Bear market just started !!

How is $50k by 2020 BS? Most of BTCs gains come within a 10 day period. There is such a thing as the network effect and Metcalfes law. Do you seriously think Bitcoin will have the same user base in two years? No, the userbase will be larger if anything. That coupled with the block halving in early 2020, $50k is reasonable. $50k by 2020 would peg BTC at around a $900 Billion market cap. Considering BTC is a global asset and (so far) is better than gold in terms of a store of value, a $900 Billion market cap would mean Bitcoin is still undervalued.


Look at the Big picture, if you can't stomach these drops, then you likely also couldn't stomach the big gains. You would likely sell too early and you would miss out as the price would continue to rise. Similar to how many sold when BTC hit $2k - $4k for the first time.


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First77
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June 12, 2018, 11:37:02 PM
 #7

Agreed, $50k is hilariously comical. I see it dropping to around $5,000 by end of year

$600 will decide the fate of Bitcoin. If Bitcoin survives it will trade at $600 to $1000 by year 2030.
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June 13, 2018, 03:46:25 AM
 #8

when Ethereum was created and started getting pumped and entered the biggest bubble in the history of altcoins and when it made creation of scam shitty ICOs possible and they also entered huge bubbles and made ETH bubble even bigger, we were all worried this day will come that those bubble bursts can take bitcoin down with them.

now we are waiting for these shitcoins to finish their dumps and go down to their real value of $1-$50 range and they stop pulling bitcoin down with them so that bitcoin can  continue its rise Wink

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June 13, 2018, 04:19:22 AM
 #9

when Ethereum was created and started getting pumped and entered the biggest bubble in the history of altcoins and when it made creation of scam shitty ICOs possible and they also entered huge bubbles and made ETH bubble even bigger, we were all worried this day will come that those bubble bursts can take bitcoin down with them.

now we are waiting for these shitcoins to finish their dumps and go down to their real value of $1-$50 range and they stop pulling bitcoin down with them so that bitcoin can  continue its rise Wink
It's the community that enables all the shitcoins that are pumped out to exist, there's nothing wrong being done by the people that make carbon-copy tokens. They're making money off of mongs that are willing to actually buy the things in an attempt to make money themselves.

Now, of course, there are some decent tokens out there that make sense when it comes to their specific niche and project, one case being the FanChain (shameless plug but I have to give credit where credit is due, and I am being paid by them) and the Theta Token project. While they're based around streaming and peer-peer communications, I do think they're at the very least interesting and productive products rather than coins designed to flood the market with nothing.
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June 13, 2018, 05:40:49 AM
 #10

Nothing to think bad, it is the one that happens frequently with bitcoin. In the past as the price was low we were unable to calculate the growth that has taken place. Now after reaching a bigger value the continued down trend creates a negative thought among the people. Further growth will continue with the support from top listed firms of the world. Previous time the adoption from Japan led to the successful growth reaching around $20000.

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June 13, 2018, 05:57:02 AM
 #11

Its your fault that you invested credit amoumt into bitcoin because most important rule in bitcoin investment is never inver invest more than you can afford to lose then only holding can be possible,we can't deny thet price keeps dumping since the ATH but this is not the first time happening so kee0 holding soon the price will be in upward direction.

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June 13, 2018, 06:30:40 AM
 #12

People's mind change very easily.
In the late 2017 many people were believed that price will rise 1 million dollar. And now everything has changed. These people are always the losers and Whales love them.
Nothing has changed. There have some been bigger corrections in the past.

I can't emphasize this enough.

Bitcoin is a sheer psychological game. The value is what you believe it to be, and even if the trends go in one direction or the other, if you change your beliefs to reflect those changes, you'll end up pretty disappointed with the price. I think everyone is bound to have their justifications about why the price might go up or down, but it's ultimately up to you to weigh those justifications. As an example, for me, charts don't mean anything because I don't believe you can predict the future based on past trends (correlation != causation). It's the emphasis of other people's opinions that bring people to buy or sell, moving the price.

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June 13, 2018, 06:54:19 AM
 #13

if you feel like that then by all means sell the tiny amount of bitcoin that you may have been holding. nobody is putting a gun to your head asking you to hold against your will! but the problem is you wanted to buy at the peak when the bubble was at its biggest (aka $20k) and you wanted to believe if someone told you to hold and ignore all those who said "nobody knows" so now you are paying the price.

now here is the thing. back in 2014 people were saying the same bullshit about how they lost money and they were saying how price is going to be back down to $10 by 2018. the funny thing is all of those who were saying this have been buying bitcoin when it was worth $200-$400 while telling others to sell. now we have the same scenario where bitcointalk is yet again filled with idiots who are talking about the doomsday and how bitcoin is going to be $5k, even $500 by 2020 ...

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June 13, 2018, 09:31:04 AM
 #14

With the look of things they may be likely decline in the market value of Bitcoin and other altcoins. I included altcoins because Bitcoin has significant influence over altcoins and as at the time of this post Bitcoin is trading below $6,600.

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June 13, 2018, 11:33:29 AM
 #15

Back in 2014 people were saying the same bullshit about how they lost money and they were saying how price is going to be back down to $10 by 2018. the funny thing is all of those who were saying this have been buying bitcoin when it was worth $200-$400 while telling others to sell. now we have the same scenario where bitcointalk is yet again filled with idiots who are talking about the doomsday
That must mean that history is trying to repeat itself here but I wonder if it will succeed or not? Nevertheless, I believe that bitcoin can reach greater prices beyond the next block reward halving if "history did repeat itself.
HODL they said
Buy the dip they said
That's why it is important here to NOT LISTEN ON WHAT OTHERS TELL YOU and decide on your own if you will hold or not. Most of the time, they are doing the opposite of what they are telling you, so do the opposite at your own discretion.
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June 13, 2018, 12:12:18 PM
 #16

Nice, keep these threads coming. We need to shake out those weak nervouse people first.

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June 13, 2018, 12:41:01 PM
 #17

Possibly another guy destroyed by wild speculation and believing that everything in 2017 is rock solid and will not drop? Cool! Everyone who relied on other people's analysis during that crazy rise and haven't bail out once it's near the top are the ones who are crying now since they're the ones who suffered heavy losses. FUD threads would surely come knowing that bitcoin has hit yet another low in the past months it's becoming somewhat of a trend. It's true that it's possible that prices might go even lower and wouldn't reach $50k, but with the amount invested on mining rigs alone, add the services and infrastructures, do you really think that deep pockets would let the fad die out knowing that they make a lot of money? No, no I don't.

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June 13, 2018, 12:52:16 PM
 #18

The biggest panic is for the people who were bought bitcoin when it was from $20k while the dreamers that are longing to see this moment is the the greatest moment for their pockets.
I do believe that the current dip moment of bitcoin is a blessing in disguise for everyone who wanted to have it, while the only choice of the one who purchased bitcoin from $20k is to hold until it recover.

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June 13, 2018, 02:43:02 PM
 #19

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I bought 3 btcs at $20K on credit

Using someone elses money to buy something you didnt have any use for would appear to be a classical mistake and nobody else should be blamed for that poor logic besides the buyer.
Do buy something you will use and save up your own money to do so, buy in bits not one off bulk transactions that resemble just a gamble.

If the market overall resembled the buy and pray dynamic then no wonder we have to waste time while all these fake holders give up and have to repay what they never were interested in owning.   

None of this describes the protocol itself or determines its success, its just a price not a determiner of usage by a population with actual demand for the utility BTC gives.   Buy things you want, if all you can think of is gold perhaps and want it as jewellery then do that

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bitgolden
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June 13, 2018, 02:47:05 PM
 #20

As serious as you sounded, your post really amused me and you are damn right, lol. However, you would not blame anyone for someone's mistake. The thing is that it is a speculative environment, but any investor that cannot make investment decisions on their own rather than listening to other people's opinion should not even be investing in the first place.

This is a public forum and people are entitled to their opinion which they could end up wrong. I remember back then when you even tell people to be careful investing into FOMO, they make you sound like you are spreading FUD and you do not want them to tap from the future. Someone who borrowed loan to invest in a volatile market is really dumber himself.
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