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Author Topic: Realistic Predictions for Bitcoin?  (Read 1053 times)
Finestream
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May 05, 2019, 11:31:37 PM
 #121

It's really hard to give predictions on bitcoin. Predictions made by experts are merely speculations, and more often than not, are quite unrealistic, should I say overly positive. They would come up with charts and thorough analysis to support their claims. But, how many of them actually get it right? It's just a simple way of creating publicity and ultimately attracting more investors to pump up the value.
Right.These predictions made by experts usually comes out once they see there is a positive market condition like what is happening at the present.But even with those positive predictions we have,we still have to do our part by keep on promoting bitcoin not just offline but even in the real world.Once massive adoption for bitcoin will happen,i'm sure all good things for bitcoin will follow.

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May 06, 2019, 12:27:17 AM
 #122

could double every year as long as adoption continues.
Using that as a guide:
2019 - 6000
2020 - 12000
2021 - 24000
2022 - 48000
2023 - 96000
2024 - 192,000
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May 06, 2019, 05:53:23 AM
 #123

The bitcoin and crypto market in general is so volatile that it's hard to predict the price.

Personally, until bitcoin get implemented to a stage where you can use it effectively in every day life, I do not think it will grow any further. The dream is dead.

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May 06, 2019, 06:14:00 AM
 #124

There seems to be a lot of insanity out there. I recently saw a youtube video claiming 98 million dollars a bitcoin as some poin in the not too distant future. That would mean btc's value would approach a quadrillion dollars! Maybe everyone is expecting the US to go Zimbabwe and your btc will be worth 98 million dollar with which you will be able to purchase a bottle of water.

First we need BTC to get to a trillion market cap, which I think is definitely doable IF it becomes more easy to buy. Less KYC, more ATMs, but with governments seeing btc as a challenge, that seems unlikely. A lot of media excitement at Bitcoin breaking a 200 billion, 500 billion etc market cap could get it to a trillion.

It will likely not become easier to buy, so we need another trigger. I think a repeat of the 2008 recession could do it. Probably btc woud initially fall, but then move up. The question is how high before investors want to cash their chips in? There's a ton of people sitting on a couple of btc. If each one becomes worth 50k and the dollar is worth just a fraction less than what it it is now, a lot are going to cash out and buy houses and cars. There will be greed, but there will also be fear and its not hard for a normal person too google bitcoin spiking to 20k and quickly crashing. Getting back to that 20k would be an initial target then 50k which is a nice round media friendly number and one that is high enough that it would tempt people to cash in.

I think bitcoin needs a few years to get up to that 20k and if it happens slowly but steadily, then we can hit 50k. If everything goes well and it starts getting easier to buy and easier to spend, I think 1/2 of gold's market cap is a reasonable goal. There are other crypto currencies out there and some people will still buy gold and it would take a long time for Central Banks to transition from gold to crypto. I don't think such a thing would ever happen in our lifetimes, but they might start adding crypto to their reserves rather than selling off gold. So 3.5 trillion I think is a good next goal which takes us to roughly 175,000 per btc.

This is assuming the government/media don't start supporting a new crypto that is backed by Gold or the full faith of the US government or god knows what people might believe in. But getting back the target of 175k, I say we need around 3 years to get it back to 20k, it will probably fall back again for some period, maybe 2 years, then mass adoption, recession etc could get it to 100k by 2030, and I'm not going to bother with an estimate for doubling that.

Could it go on a massive run and spike to 20k this year? Sure, who the heck knows. But to be sustainable it would have to be supported by something, maybe if a country or two adopted it as their national currency. Something radical and unforseen. I imagine some will naysay this, but an asset currently worth almost 100 billion increasing in value by 20 times in the next decade is actually insanely optimistic. Look at stocks that started off as penny stocks, they don't keep increasing in value exponentially year after year and although btc isn't a stock, there is a limit to how valuable it can be.
2019 has not started with a not-so-bad note but as of today, Bitcoin price soared to a 4-month high above 4900 USD and its time for the cryptizens to celebrate. Wences Casares, the CEO of Xapo and a board member of Payal has been an ardent supporter of Bitcoin and has recently said that Bitcoin value might surge by atleast 250X in the near future. It looks like the bull run has already started and this time it's not going to stop
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May 06, 2019, 06:21:09 AM
 #125

1 btc to be worth 1 btc.
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May 06, 2019, 06:58:23 AM
 #126

The prediction may be possible but it will take time before that will be achieved because the US dollars will try as possible to retain it value against bitcoin but in the long run bitcoin will keep beating the dollars on the exchange. The 98million dollars bitcoin price will one day come to pass.
Predictions would be true but to achieve the price it will take long. Many predictions on the bitcoin price so for it to happen their is more adoption occur in crypto. The realistic predictions once bitcoin price expectation achieve so exactly it will keeps competing on the dollars in the exchange.

What's realistic, really? I don't think anyone would have said $1k was realistic all those years ago when it made $1k for the first time. I bet you noone thought $10k was realistic either when we reached this price not too long ago. How about $20k right? And then with all these predictions of 100k and 1 million floating about? My brains tell me these are all fantasies but who knows? We've been surprised over and over again.

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May 06, 2019, 08:11:25 AM
 #127

The bitcoin and crypto market in general is so volatile that it's hard to predict the price.

Personally, until bitcoin get implemented to a stage where you can use it effectively in every day life, I do not think it will grow any further. The dream is dead.
Wait what? Bitcoin is not used for daily life when it grows up to 1000% right? What are you saying now? We cannot just say what will happen in the future unless it has happened. All we can do is to predict what can happen. Massive adoption can be the main source of bull run but there are some other ways too.

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1BTC EQUALS 1CAR
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May 06, 2019, 03:03:45 PM
 #128

The bitcoin and crypto market in general is so volatile that it's hard to predict the price.

Personally, until bitcoin get implemented to a stage where you can use it effectively in every day life, I do not think it will grow any further. The dream is dead.

Yep, that is the only way. First is we need to know what country and how many of them are going to have a demand on bitcoin. If majority og 1st world countries are going to adopt it for everyday use then $100k is just around the corner once that it is confirmed. But that dream is still blurred because of the same FUD and persistent bankers that saying btc is a fraud.
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May 06, 2019, 04:40:32 PM
 #129

read the first line, stop trading it to fiat you fools, has satoshi?


1 btc = 1 btc
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May 06, 2019, 10:38:10 PM
 #130

There seems to be a lot of insanity out there. I recently saw a youtube video claiming 98 million dollars a bitcoin as some poin in the not too distant future. That would mean btc's value would approach a quadrillion dollars! Maybe everyone is expecting the US to go Zimbabwe and your btc will be worth 98 million dollar with which you will be able to purchase a bottle of water.

First we need BTC to get to a trillion market cap, which I think is definitely doable IF it becomes more easy to buy. Less KYC, more ATMs, but with governments seeing btc as a challenge, that seems unlikely. A lot of media excitement at Bitcoin breaking a 200 billion, 500 billion etc market cap could get it to a trillion.

It will likely not become easier to buy, so we need another trigger. I think a repeat of the 2008 recession could do it. Probably btc woud initially fall, but then move up. The question is how high before investors want to cash their chips in? There's a ton of people sitting on a couple of btc. If each one becomes worth 50k and the dollar is worth just a fraction less than what it it is now, a lot are going to cash out and buy houses and cars. There will be greed, but there will also be fear and its not hard for a normal person too google bitcoin spiking to 20k and quickly crashing. Getting back to that 20k would be an initial target then 50k which is a nice round media friendly number and one that is high enough that it would tempt people to cash in.

I think bitcoin needs a few years to get up to that 20k and if it happens slowly but steadily, then we can hit 50k. If everything goes well and it starts getting easier to buy and easier to spend, I think 1/2 of gold's market cap is a reasonable goal. There are other crypto currencies out there and some people will still buy gold and it would take a long time for Central Banks to transition from gold to crypto. I don't think such a thing would ever happen in our lifetimes, but they might start adding crypto to their reserves rather than selling off gold. So 3.5 trillion I think is a good next goal which takes us to roughly 175,000 per btc.

This is assuming the government/media don't start supporting a new crypto that is backed by Gold or the full faith of the US government or god knows what people might believe in. But getting back the target of 175k, I say we need around 3 years to get it back to 20k, it will probably fall back again for some period, maybe 2 years, then mass adoption, recession etc could get it to 100k by 2030, and I'm not going to bother with an estimate for doubling that.

Could it go on a massive run and spike to 20k this year? Sure, who the heck knows. But to be sustainable it would have to be supported by something, maybe if a country or two adopted it as their national currency. Something radical and unforseen. I imagine some will naysay this, but an asset currently worth almost 100 billion increasing in value by 20 times in the next decade is actually insanely optimistic. Look at stocks that started off as penny stocks, they don't keep increasing in value exponentially year after year and although btc isn't a stock, there is a limit to how valuable it can be.
Some predictions are not always true I still say that we can't predict the market. Even the pro's still get some predictions wrong. Now the market is looking Good again and there were some predictions that have already gone wrong.

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May 06, 2019, 10:55:35 PM
 #131

A very long article along with it is a lot of evidence. All of us are also judging from the understanding of the crypto market situation. So the price I think at the end of 2019 might be $ 10,000. It is very difficult for Bitcoin to reach the price of $ 20,000 as many people perceive and you should be aware of this.
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May 06, 2019, 11:17:50 PM
 #132

You have a very detailed summarization about the future of bitcoin, where it is headed, what is the exact market cap for the bitcoin to reach the certain price and giving thoughts about the governments challenge.

What I wonder is that, are you a trader or somewhat a professional who are good in digging some useful information's to make some profit?
As you have a good basis already on what you are going to do next. Giving good information without any experience is like spreading a fud in the web in which I really hate.

.
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May 06, 2019, 11:22:51 PM
 #133

A very long article along with it is a lot of evidence. All of us are also judging from the understanding of the crypto market situation. So the price I think at the end of 2019 might be $ 10,000. It is very difficult for Bitcoin to reach the price of $ 20,000 as many people perceive and you should be aware of this.
Yes $10k might have more chances to happen this year but more than that, i think that's quite impossible. But again no one can really make exact predictions here even the legends in this crypto market because all we have here are purely speculations and guesses.




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May 07, 2019, 10:28:42 AM
 #134

A very long article along with it is a lot of evidence. All of us are also judging from the understanding of the crypto market situation. So the price I think at the end of 2019 might be $ 10,000. It is very difficult for Bitcoin to reach the price of $ 20,000 as many people perceive and you should be aware of this.
Yes $10k might have more chances to happen this year but more than that, i think that's quite impossible. But again no one can really make exact predictions here even the legends in this crypto market because all we have here are purely speculations and guesses.

10k impossible? Ate you sure? If we continue with the pace we're taking now, we may hit 10k by the third quarter of this year. Remember we started out just around the 3k area until march and then 2 months in, we're almost at twice the value of bitcoin. 2019 is proving to be a good year and though another all time high is unlikely, i'm confident that 10k is attainable this year.


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May 07, 2019, 11:01:40 AM
 #135

by third quarter, we may see BTC prices may touch 10thousand dollars if the prices continue  to increase at the present scenario
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May 07, 2019, 12:01:43 PM
 #136

10k impossible? Ate you sure? If we continue with the pace we're taking now, we may hit 10k by the third quarter of this year. Remember we started out just around the 3k area until march and then 2 months in, we're almost at twice the value of bitcoin. 2019 is proving to be a good year and though another all time high is unlikely, i'm confident that 10k is attainable this year.

You didn't quite get what he said. "He said $10K is attainable but more than that is more of an impossible" but at the current pace we're in, we will be very likely to reach a new ATH of $10K or more by third quarter or so.
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May 07, 2019, 01:50:07 PM
 #137

10k impossible? Ate you sure? If we continue with the pace we're taking now, we may hit 10k by the third quarter of this year. Remember we started out just around the 3k area until march and then 2 months in, we're almost at twice the value of bitcoin. 2019 is proving to be a good year and though another all time high is unlikely, i'm confident that 10k is attainable this year.
1 btc to be worth 1 btc.
You didn't quite get what he said. "He said $10K is attainable but more than that is more of an impossible" but at the current pace we're in, we will be very likely to reach a new ATH of $10K or more by third quarter or so.
Bitcoin is full of surprises, predictions can be right or wrong. I don't think there is always this so-called realistic prediction because market is very erratic. At some point predictions can somehow help us stay motivated and positive that market will be back on track at the course of time. Recovery may take some time but I'm hopeful that its price will continue to upsurge.
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May 13, 2019, 01:41:33 PM
 #138

The price of Bitcoin cannot be predicted realistically because everything can happen so quickly. The price movement of Bitcoin is strongly influenced by demand factors so that everything that happens in the world of cryptocurrencies will greatly influence the change in Bitcoin prices as a whole. Bitcoin often makes unexpected changes and changes an impossible thing into reality and also changes things that have happened to not happen. That is the world of Bitcoin at the moment, we do not have the ability to be able to read and estimate prices.
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May 13, 2019, 03:03:56 PM
 #139

Prediction come always and i think sometime they can be real but sometime they are not, but anyway i think this year is possible a new bull run if more money will come to crypto, we just need to wait until that time.
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May 13, 2019, 03:22:15 PM
 #140

Prediction come always and i think sometime they can be real but sometime they are not, but anyway i think this year is possible a new bull run if more money will come to crypto, we just need to wait until that time.
This prediction is a common prediction when looking at current prices. the development of the price of bitcoin is really very surprising, so there is a lot of speculation that the bull market will occur this year. I myself also feel that a bull market will happen soon and the price may be above $ 9,000.


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