[2019-04-10]Bitcoin to Test a New Parabolic Trajectory & Trade $50,000+

[Vladdirescu87]

A veteran commodity trader since 1980 Peter Brandt, who predicted both Bitcoin’s $20,000 hike and 80%+ fall to below $4,000, reveals it would not shock him if the price of Bitcoin – the leading crypto by market cap (MC) – entered a fresh parabolic phase. He thinks that BTC is following the same trends as those of 2015, that could result into 100x surge.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/parabolic-trajectory-trade/

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[Slow death]

in short he is saying: all of the bitcoin community, sell everything you have and buy many bitcoins hold until 2021 that you will have many profits, will be the next rich of this world. jokes aside. The price is not even in the $10,000 and are already thinking that it will reach $50,000? I am optimistic, but I prefer not exaggerate, $50,000 is very high value and I highly doubt that the price can surpass $30,000 in 2021

[cr1776]

In many respects it is quite possible.  Prices are set at the margin, and all it takes is an ongoing slight decrease in supply and an ongoing slight increase in demand to change the prices significantly.  With the next halving in just a bit over 13 months, that will be a HUGE decrease in supply.  After the last two halvings it took about 3-6 months (iirc) for prices to start to go up significantly.  (Perhaps because many people bought before the halving and then sold into the initial growth right afterwards).

Will it happen?  No one knows for sure of course.

An increase in price of a factor of 10 from here would be amazing, let along a factor of 100.  Will the past repeat?  Who knows.  I always think back though to every milestone e.g. dollar parity and hearing everyone say "it won't hold, we'll be back under $1 soon".  Or $30, or $100, or $500 etc.  As long as supply is constrained and there are use cases (which, IMO, continue to grow each year) the sky is the limit.

[ranman09]

in short he is saying: all of the bitcoin community, sell everything you have and buy many bitcoins hold until 2021 that you will have many profits, will be the next rich of this world. jokes aside. The price is not even in the $10,000 and are already thinking that it will reach $50,000? I am optimistic, but I prefer not exaggerate, $50,000 is very high value and I highly doubt that the price can surpass $30,000 in 2021

I agree let's not exaggerate things. Bitcoin didn't even surpass the $20,000 wall that easy. For now, it's better to wait and see.

[1Referee]

The only downside to a new parablic rise is all the scams that will pop up, because people will no longer pay attention to anything because all they see is rising prices.

It wouldn't even surprise me if we end up seeing a Bitconnect 2.0 operated by the same group of con artists, but under a different name. Most of the scams we see are related to one specific group, just like how back in 2013/2014/2015/2016 all the premined pump and dump trash coins were launched by the same groups over and over again.

I prefer to wait for the $6000 level to be taken out, then $10,000, then $15,000, etc. Just the $6000 level will be difficult enough to break.

[mindrust]

in short he is saying: all of the bitcoin community, sell everything you have and buy many bitcoins hold until 2021 that you will have many profits, will be the next rich of this world. jokes aside. The price is not even in the $10,000 and are already thinking that it will reach $50,000? I am optimistic, but I prefer not exaggerate, $50,000 is very high value and I highly doubt that the price can surpass $30,000 in 2021

I agree let's not exaggerate things. Bitcoin didn't even surpass the $20,000 wall that easy. For now, it's better to wait and see.

That's the exact thing they were saying when BTC was going above $1k. Then it went x20 higher.

10 years later, $50k will look like a small dent in the chart just like $1k does now. But everybody is focused on the 2021 pump and preparing to dump everything on that pump. What if all of those potato chip hodlers dump on $50k and a few months later it goes to $150k (or even 250k)?  

That's exactly what BTC did in the last pump. Everybody thought $2-3k was unbelievable. Then BAM! $20k.

I guess the wisest thing to do is, no matter what you do in the future, dump or pump, hodl at least 1 btc in case it becomes valuable some day just like satoshi said.

[ranman09]

in short he is saying: all of the bitcoin community, sell everything you have and buy many bitcoins hold until 2021 that you will have many profits, will be the next rich of this world. jokes aside. The price is not even in the $10,000 and are already thinking that it will reach $50,000? I am optimistic, but I prefer not exaggerate, $50,000 is very high value and I highly doubt that the price can surpass $30,000 in 2021

I agree let's not exaggerate things. Bitcoin didn't even surpass the $20,000 wall that easy. For now, it's better to wait and see.

That's the exact thing they were saying when BTC was going above $1k. Then it went x20 higher.

10 years later, $50k will look like a small dent in the chart just like $1k does now. But everybody is focused on the 2021 pump and preparing to dump everything on that pump. What if all of those potato chip hodlers dump on $50k and a few months later it goes to $150k (or even 250k)?  

That's exactly what BTC did in the last pump. Everybody thought $2-3k was unbelievable. Then BAM! $20k.

I guess the wisest thing to do is, no matter what you do in the future, dump or pump, hodl at least 1 btc in case it becomes valuable some day just like satoshi said.

Yeah I realized also. So let me rephrase it. Better buy some (not buy many) and wait and see. I agree to buy some. But I think it will be hard for it to hit that high. If the 20k wall gone down maybe.

[Oilacris]

in short he is saying: all of the bitcoin community, sell everything you have and buy many bitcoins hold until 2021 that you will have many profits, will be the next rich of this world. jokes aside. The price is not even in the $10,000 and are already thinking that it will reach $50,000? I am optimistic, but I prefer not exaggerate, $50,000 is very high value and I highly doubt that the price can surpass $30,000 in 2021

$50k is more better compared to those speculations that do reach out $120k or the highest is $700k/BTC which is truly exaggerated.
We are optimistic but we should not hope too much into those things that arent realistic to consider.Technical analysis can be applied but as
we all know that these analysis are destined to be broken yet bitcoins price is way too unpredictable.

[Kemarit]

~ snip ~

I prefer to wait for the $6000 level to be taken out, then $10,000, then $15,000, etc. Just the $6000 level will be difficult enough to break.

Well based on the last bull run and the massive growth in 2017? Yeah, it's better to see the price going on a steady phase. I think the price briefly touches $5300 and we could be touching $6000 soon  . And another downside of this kind of parabolic rise is that they are going to be lots of irrational buyers again and thinking that the rise will still continue to 6 digits. And then bitch around when they all got burned.  . So I guess everyone should prefer the organic and not the artificial inflating of price by manipulators and speculators.

[BitHodler]

$50k is more better compared to those speculations that do reach out $120k or the highest is $700k/BTC which is truly exaggerated.

People coming up with these predictions don't realize how difficult it will be to maintain such prices. Bitcoin reaching whatever high level has never really been a problem, maintaining them is.

With how this market is growing larger and larger, the bear markets eventually will no longer be cycles of 2 or so years, but cycles of maybe up to a decade. The larger a market grows, the more difficult it becomes to move.

Gold is exactly like that. Its economic mass works against it, and it's only a matter of time before Bitcoin ends up in the same boat, especially with cash settled derivative volumes being 50-100× higher than the spot volumes.