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Author Topic: Billionaire Investor Tim Draper Explains Why Bitcoin Will Hit $250,000 in 2022  (Read 202 times)
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June 15, 2018, 07:46:45 PM
 #21

This talk is pure propaganda."It does not benefit you to listen to him"

to be fair, i remember back in 2014 how we used to make fun of draper. he was perpetually bullish and making outlandish forecasts in the middle of a brutal bear market.

turns out, he was one of the few vocal visionaries who have been spot on with their analysis. in 2014, he predicted that BTC would surpass $10k by 2017. he was right then and his fundamental analysis hasn't changed. so i wouldn't ignore his next prediction either.
I would not ignore his predictions either, as there could be a possibility. It is all predictions anyway and the fact that he could have been spot on with $10k upward at the end of 2017 does not mean he could end up right all the time. However, with all that hugeblack said, I feel we are focusing more on the value of bitcoin so much even if we are not getting the usage as a currency that would make the value sustainable for the long run and that kind of affects the market in a way.
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June 15, 2018, 11:09:38 PM
 #22

I wouldn't take this prediction very seriously, though he made some good points in his analysis so there's that. As one poster mentioned, he was also one of the wild predictors of bitcoin reaching heights that were deemed impossible years ago, so whatever his claims are, it could still be worth it to read or to consider now given the amount of people wanting to take a piece of the pie. $250,000 in 4 years is somewhat outlandish, but if bitcoin were to repeat the same growth it exhibited in 2016-2017, it is doable IMO.

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June 15, 2018, 11:18:43 PM
 #23

Few billionaire investors have been so vocal and
bullish on Bitcoin and cryptocurrency price
appreciation as Tim Draper, the founder of
venture capital firm Draper Fisher Jurvetson.

https://coinsupdates.com/billionaire-investor/
Does it really matter? What I mean is, do you care if bitcoin touches that price in 2022 or in 2032 or in some undetermined year in the future? What you should be doing is holding your coins no matter what, that way it does not matter if the prediction is right or not about the year or the price, the technology will eventually become adopted all over the world and the price will grow as a result of that.
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June 16, 2018, 06:21:13 AM
 #24

If there is people who overthinks in fall like they are saying price could go as low as less than $1k. Then there is also person like this who overthinks in rise. Well, I prefer to read things like this eventhough it's way too much rather than FUD that causing others to panic.

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June 16, 2018, 08:35:17 AM
 #25

Stop focusing on the price for at least 15 minutes; price doesn’t matter if Bitcoin does not have a future.
If you have some experience, create a site that supports Bitcoin or helps people around you learning blockchain, this is who will make price Hit $250,000 in 2022.
This talk is pure propaganda."It does not benefit you to listen to him"
One of the reasons why bitcoin has turned hugely to a speculative asset is this reason you have mentioned. We are totally forgetting about the development of bitcoin as currency and how this can become a reality and all we keep doing every day is focus on price like you have said every minute trying to expect when we are to moon or buy a lambo and all sort of things. This mentality will not help but as long as we see real life usage, it would usher in real demand, less manipulation or a huge market growth.

But to achieve the "final goal" of bitcoin for that it was actally created, we must need bitcoin to be an attractive one to adopt it. For that $250k price level alone will not be enough. We need bitcoin's value in millions. Most people who are predicting bitcoin's value are turning as an absolute right one over time but most of them do fail with time frame.

I believe bitcoin may touch $250k levels within 2020 and by the year of 2022 it must be having value in million dollars. I may sound unrealistic but you all may need to thank me by the end of 2022 year. Let's all watch and understand the power of bitcoin in real time.


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June 16, 2018, 10:46:03 AM
 #26

do not be too enthusiastic about the price issue, with over time the price will move with itself. I think it is quite impossible to hear bitcoin touching $ 250,000 in the near future. but, anything that is concerned with cryptocurrency is sure to happen. we'll see later, only time can answer all this.
You admit that nothing depends on us? I agree with you. We can only observe what is happening but we can not influence the prices. Each of us can determine the limits of prices below which we will not sell our coins. This can help us save our investment but will not accelerate the price growth.  Whales control everything.

Whales and Sharks are the main source in manipulating the bitcoin price. But still the medias and small investors do contribute in manipulating the price. Though the percentage may be lower, there is an impact. We do have only 4 years foor 2022. 2018 would confirm if bitcoin would minimum reach $200K by 2022. 2018's first half was really for the buyers to buy coins with cheapest rates. Hope to see the second half bringing considerable profits to the sellers. Everyone expects bitcoin value to grow like last year. Waiting for this to happen. 
though there are lot of speculations that bit coin will reach $100k let watch it happen
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June 16, 2018, 11:31:39 AM
 #27

If bitcoin will become much in demand for that time then probably it would reach on the said amount. We expect that cryptocurrencies are legal around the world that time and people regularly used it like credit cards or fiat when buying something. Crypto will not only investment but also a real time currency now. If billionaires believe it then it has a possibility to come true.
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June 16, 2018, 12:12:07 PM
 #28

I believe bitcoin may touch $250k levels within 2020 and by the year of 2022 it must be having value in million dollars. I may sound unrealistic but you all may need to thank me by the end of 2022 year. Let's all watch and understand the power of bitcoin in real time.

It's not unrealistic. The only thing is that 99% of the people here won't ever be holding their coins to such levels because they either will get tempted to sell way before, or they will face a certain situation where they are forced to sell way before. That's why the most solid holders are those who have plenty of money and won't ever need to cash out their coins.

In most cases the only way for people to actually prevent selling their coins is to timelock their coins. It's probably the only way for people to know for sure that they won't be able to sell their coins, but it has a few drawbacks and it perhaps isn't the best option to go for if you think there might be a situation where you would need to cash out.

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June 16, 2018, 12:14:07 PM
 #29

Few billionaire investors have been so vocal and
bullish on Bitcoin and cryptocurrency price
appreciation as Tim Draper, the founder of
venture capital firm Draper Fisher Jurvetson.

https://coinsupdates.com/billionaire-investor/

Its their advantage if they will be invest a huge amount of cryptocurrency today since the market right now is in a big dip so people who invest right now can expect to earn a huge amount of profit in the future.
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June 17, 2018, 09:26:20 PM
 #30

Tim Draper has always been extremely bullish, so you do need to take his words with a grain of salt.

I personally think that having a 50 fold increase in unlikely in the next 4 years, especially when you consider that even the biggest bull market that was seen so far in the bitcoin scene last year only resulted in a 2000% gain over a year. It's quite absurd to think that in 2022, markets will be that bullish again.

That's not to say that I'm not bullish over the long term. In fact, I believe that it would only be a matter of time before BTC does hit $250k. But it will take a lot more people adotping the currency, and it will take fiat depreciation to some degree. So 2022 seems a bit too early for me, at least.

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June 17, 2018, 09:55:49 PM
 #31

I personally think that having a 50 fold increase in unlikely in the next 4 years, especially when you consider that even the biggest bull market that was seen so far in the bitcoin scene last year only resulted in a 2000% gain over a year. It's quite absurd to think that in 2022, markets will be that bullish again.

That's not to say that I'm not bullish over the long term. In fact, I believe that it would only be a matter of time before BTC does hit $250k. But it will take a lot more people adotping the currency, and it will take fiat depreciation to some degree. So 2022 seems a bit too early for me, at least.

It really depends what the adoption curve looks like. Take a look at some others from recent history:



Now, what would you put % adoption at? Under 5%? Definitely under 10% I think. Let's assume that Bitcoin follows a similar curve as most other ubiquitous technologies. If you combine that with a supply that is mostly mined out already, I think the potential explosion to 6-7 figures could happen extremely fast.

It's impossible to predict beforehand, and I am personally prepared for a long and painful bear market right now. However, my experience from 2014-2016 tells me many of us (yes, even the believers) will be in utter disbelief when that move finally happens.

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June 17, 2018, 10:49:20 PM
 #32

Bitcoin will not hit $250k in 2022. Why? Because just because he is a big investor does not mean that what he is stating is the ultimate truth. People are sick of these kind of propaganda. If you really want the price to grow and hit at least $20k, then you should talk about the advantages of Bitcoin, advertise it in the right way. Make people realize that investing in bitcoin is going to bring them fortune not misfortune.

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