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Author Topic: Bitcoins 2018 speculations that will make you LOL!  (Read 495 times)
Juggy777
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December 29, 2018, 11:10:36 AM
Merited by LoyceV (1)
 #1

As the year 2018 is finally coming to end, and the so called experts and analysts are out giving their take on 2019 prices let's revind back and see some of the outrageous predictions of 2018.

1)Thomas Lee first predicted prices would touch 25k, later in the year he adjusted it to 13k and now he's not interested in making any more predictions lol.

2) Second on my list is John McAfee who tweeted bitcoins shall touch 1 million by 2020, which definitely won't be happening.

3) Third and last for now is Tyler Winklevos who predicted bitcoins prices to reach 1 Lakh dollars, and as we discuss we're no where close to even his predictions.

There're many others who predicted different numbers, but my point is simple no one can predict Bitcoins prices and buying solely on such predictions is suicidal.

 If you intend to buy bitcoins, I recommend you to do your own research, buy for the technology for it's features not based on people words hopefully you'll now make more informed choices going ahead.

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December 29, 2018, 11:17:29 AM
 #2

1)Thomas Lee first predicted prices would touch 25k, later in the year he adjusted it to 13k and now he's not interested in making any more predictions lol.

Luckily I'm not so famous, but I predicted/expected 50k and I also reached the point I'm afraid of making predictions anymore.
It's easy to predict. Anyone can do it. It's much harder to actually predict it right.
And yes, investing by others' predictions is simply lottery.

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December 29, 2018, 12:15:34 PM
Merited by LoyceV (1)
 #3

That doesnt proof anything. For all year long 25k was as possible as 3k. 3k happend but noone knows how close to 25k we were. It could be 1 impuls while struggling with 6k support.... ETF, BAKKT was delayed soo manny times. Maybe that was ment to be little spark that starts the fire - new bull run - and it didnt happend on time. Now we can say thet they were wrong (not John McAfee ... his bet is still in game ... his prediction was made for 3 years ahead. Only first year ended. We still have 2 whole years) but we cannot make fun of them and "do your own research" hoping that I (newbie just entering crypto after 1h research) will be smarter that crypto influencers who are in crypto word for years.

I hope to dig this topic out in december 2020 with bitcoin worth over 1 mil dolar making fun out of "which definitely won't be happening" because in my opinion game is not over yet Smiley



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December 29, 2018, 12:27:55 PM
 #4

outrageous predictions of 2018

I wouldn't call your first predictions "outrageous". $25k was easily within reach at the peak of the bull run at $20k. McAfee's prediction is obviously outrageous, as is everything that comes out of that scammer and criminal's mouth. Everything he says is motivated by personal financial gain only, as can be seen by his whole "buy a tweet for your altcoin" shitshow earlier this year.

$100k, although seeming outrageous at the moment, I don't think is an unrealistic target for bitcoin with widespread adoption, but we are looking at years down the line and not in the immediate future.

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December 29, 2018, 12:38:09 PM
 #5

I remember 2016,when I thought that 1K USD is the "moon" for bitcoin and there's no way it can go above 1K.
Next year (2017) the price went above 17K USD...That's why I hate making predictions about bitcoin. Grin
I don't take any crypto guru's predictions about btc seriously.I like to think that making crypto price predictions is just for fun.
 

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December 29, 2018, 01:03:10 PM
 #6

By 2014 and 2015, similar predication and summarizing of those prediction also had happened when bitcoin was first time testing $1200 levels. But, where we are trading right now ? I also was confident about bitcoin will not have this much downfall in 2018 by considering its userbase and new investors and moreover the main reason for 2014 collapse was mtgox problems hence I was confident about nothing could be repeated similar to 2014/2015. But, profit booking from whales and panic selling by others had led bitcoin prices to where we are now.

I mean to say all those speculation will become true without those mentioned time frame. I hate this topic. Please do not laugh at speculators.

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December 29, 2018, 01:08:00 PM
 #7

I remember 2016,when I thought that 1K USD is the "moon" for bitcoin and there's no way it can go above 1K.
Next year (2017) the price went above 17K USD...That's why I hate making predictions about bitcoin. Grin
I don't take any crypto guru's predictions about btc seriously.I like to think that making crypto price predictions is just for fun.
 
This year speculation is many hype and fall was happened so majority of the prediction are destroyed. Bitcoin is the only hope in crypto platform so definitely it will going to moon in 2019 at the same time some drawback also possible in next year but mostly it will raise gradually. I think last two year was dream so I just travel dream but this year many hardles are occur in the market.

 
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December 29, 2018, 01:36:45 PM
 #8

The best predictor award goes to McAfee Grin people would have come to know about the reality of him. Same like him a lot of them said the value of BTC will go upto $50k in 2018. But maximum number of them failed. However it's always better to plan for long-term.

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December 29, 2018, 01:51:50 PM
 #9


Well its funny a lot of people actually believed them since they are people who has influence in crypto. A friend of mine calls me over the phone every time there are prediction like this and his voice is always enthusiastic about it lol. I always like the guy which is why I remind him as always that its just an speculation.







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Crypdon
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December 29, 2018, 02:15:38 PM
 #10

That Tommy Lee prediction is really a LOL situation. Going down to $13,000 is still a ridiculously outrageous. This dude is $10k out and that therefore proves that it is impossible to predict these prices

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December 29, 2018, 02:59:21 PM
 #11

No one's barring anyone from making such bold and outlandish predictions that's why these people are trying to make such lavish claims in order to stay relevant. Tommy Lee is a great investor, no doubt about it, but everything he says about bitcoin markets are either turning into a flop or goes the opposite of what he 'expects' the market to do. John McAfee is nothing sort of a deranged guy who would whore his handles for the money. In reality though, anyone can make predictions out of thin air, draw some lines on graphs and say something technical to prove their points, but the market decides which way it goes and does not follow any predictions of any people--be it prominent or just the normal Joe--so it's best to avoid using these predictions as a basis for your trades and taking positions.

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o_e_l_e_o
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December 29, 2018, 03:35:00 PM
Merited by Tytanowy Janusz (1)
 #12

In reality though, anyone can make predictions out of thin air, draw some lines on graphs and say something technical to prove their points, but the market decides which way it goes and does not follow any predictions of any people--be it prominent or just the normal Joe--so it's best to avoid using these predictions as a basis for your trades and taking positions.

Exactly. If technical analysis was as accurate as some people claim it to be, then everyone would be a millionaire. It's super easy to look back at old graphs and draws lines to prove pretty much anything you want. And for every person who can say "Look at my accurate prediction from x months ago", there are 10 more who made a similar prediction that was miles off target.

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December 29, 2018, 04:39:03 PM
 #13

In reality though, anyone can make predictions out of thin air, draw some lines on graphs and say something technical to prove their points, but the market decides which way it goes and does not follow any predictions of any people--be it prominent or just the normal Joe--so it's best to avoid using these predictions as a basis for your trades and taking positions.

Exactly. If technical analysis was as accurate as some people claim it to be, then everyone would be a millionaire. It's super easy to look back at old graphs and draws lines to prove pretty much anything you want. And for every person who can say "Look at my accurate prediction from x months ago", there are 10 more who made a similar prediction that was miles off target.

I can't agree more. TA works only for those who earn on learning  orthers about TA. I even made special topic why logicaly TA should not work.
https://bitcointalk.org/index.php?topic=4420866.msg39412664#msg39412664
I love those who are saing that they know TA perfectly but TA sometime works sometimes not... yea.. coin toss too Smiley


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December 29, 2018, 04:43:30 PM
 #14

Some other predictions made for 2018 :

https://cointelegraph.com/news/from-obsolete-blockchain-to-bitcoin-at-1-mln-predictions-of-2018

Some of them were actually pretty accurate.
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December 29, 2018, 05:11:33 PM
 #15

Some of them were actually pretty accurate.

Hindsight is 20/20. You have no way of knowing which were accurate and which were not prior to them happening. I could go to the Speculation Board or Google and find predictions that bitcoin will hit every multiple of a thousand dollars between 0 and 100k by the end of this year. I can find predictions that say ETF is coming and that it isn't. That Bakkt is coming and that it isn't. That institutional investors are coming and that they aren't. None of these predictions are in anyway useful because they are all guesses. Focusing on the 1% that turned out to be accurate and ignoring the 99% that didn't is simply selection bias.

As we have seen all year long, listening to "experts" for their price predictions is useless. If you believe in the technology, get involved. If you want to day trade, do so with your own knowledge and understanding and not because some else tells you to.

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December 29, 2018, 05:27:54 PM
 #16

I remember well how at the beggining of 2018 people were saying that at the end of the year we'll have a new ATH, and there was a lot of support for this prediction amongst newbies on this forum. But as Bitcoin kept falling, people realized that there's no chance of any bullishness in this year, so the general opinion grew negative towards those perma-bulls who continued promising us quick recovery. The lesson here is that even if you are a strong believer in BTC, you shouldn't be scared to make negative price predictions, it's not the same as FUD, it doesn't mean that Bitcoin is dying, it's simply a natural part of the market.

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December 29, 2018, 05:41:27 PM
 #17

It is easy to predict, every one of us has a different perspective on Bitcoin price prediction. In that case, most likely people looking back in the old graph which is they think that the price movement last year will happen again this but it is only a trap.

Exactly. If technical analysis was as accurate as some people claim it to be, then everyone would be a millionaire.
Snip-
Yes, correct, do you think if that claiming an expert in prediction was the right and accurate in the analysis will keep posting it everywhere to be well known? If they know, for sure they will never tell us. Only time can tell at all.

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December 29, 2018, 06:14:07 PM
 #18

As the year 2018 is finally coming to end, and the so called experts and analysts are out giving their take on 2019 prices let's revind back and see some of the outrageous predictions of 2018.

1)Thomas Lee first predicted prices would touch 25k, later in the year he adjusted it to 13k and now he's not interested in making any more predictions lol.

2) Second on my list is John McAfee who tweeted bitcoins shall touch 1 million by 2020, which definitely won't be happening.

3) Third and last for now is Tyler Winklevos who predicted bitcoins prices to reach 1 Lakh dollars, and as we discuss we're no where close to even his predictions.

tom lee is self-explanatory---he's a permabull who got his ass handed to him.

i think mcafee's prediction won't be that far off but his guess is too early IMO. we still have to give him 2 years to let it play out too. i personally think $300k-$500k is possible, closer to 2021 based on previous cycle magnitude and the timing around halvings.

i'm not sure what a Lakh dollar is, but the winklevoss twins predicted $320k. i don't think they gave a deadline though, so it's open-ended.

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December 29, 2018, 06:43:05 PM
 #19

If you are famous i think someone might want to listen to your prediction or even make fun of it. Luckily you are not and congratulation on that, and yes it is very easy to actually predict since it is just up to the people if they want to listen to you. And there is nothing to lose if you will just give your own prediction, it is still an idea from the wondering mind.

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December 29, 2018, 06:49:51 PM
 #20

$100k, although seeming outrageous at the moment, I don't think is an unrealistic target for bitcoin with widespread adoption, but we are looking at years down the line and not in the immediate future.

$100K seems paltry compared to past bubbles. I'll acknowledge that each bubble is getting smaller in magnitude, but a mere 5x above the previous ATH is aiming way too low. On the 2017 run, we topped ~16x above the previous ATH.

I think we'll move well into six figures next time around. I also don't expect it to happen for another 2-3 years.

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