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Author Topic: Who Else is Expecting the Ultimate Rise of Bitcoin?  (Read 569 times)
dantee1
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August 20, 2019, 10:50:39 AM
Merited by Fedice (10)
 #1

In January 2016 when Bitcoin was trading around $300+, I predicted it was going to bump to $1,000 by the next January (2017). It almost did as Bitcoin ended January 2017 at more than $900, few dollars shy of my actual prediction. Then I predicted again it was going to hit $20,000 in December 2017. Again, my prediction came short with less than $400 USD at $19,650 in 15 December 2017. After that, Bitcoin began a downward spiral and people started panicking. Everyone was prediction the end of Bitcoin.

Then again, in 14th December 2018 when Bitcoin was trading at $3,100, I held a seminar where I encouraged people to start saving up some Bitcoin, that the price was going to hit $10,000 within the next 12 months. Everybody in the room thought it was a joke. Here we are, just 9 months after the prediction, Bitcoin has traded at $11,000+. It is important to note that I made those predictions base on pure instincts and by observing market trends.

Now, I am making another bold prediction. This time, a long-term prediction, that Bitcoin will finally hit $100,000 before December 2022. Who agrees with me on this?

I was expecting Bitcoin to crash in July this year when Trump Tweeted his lack of faith in Cryptocurrency, but it didn't. That was a clear indication that Bitcoin has come of age. That no single person nor single policy is capable to bring the price down, rather the price is decided by the people's sentiments.

Effects of USD - One thing that will push the rise of Bitcoin to 100k per coin is the number of dollars in circulation. Bitcoin’s price (in dollars) will continue to rise exponentially as the number of dollars in circulation rises exponentially.

If the Federal Reserve continues printing dollars exponentially, the dollar price of Bitcoin will continue to rise exponentially, so eventually it will reach $100,000 per coin. And that is what is going to happen over the next few years. Why? Because the Fed and other central banks around the world believes that printing more currency bills will help boost the economy.

The effect of printing so many dollars is that the price of all goods and services (measured in dollars) will eventually rise to match the number of dollars printed. And Bitcoin is no exception, even though it's not a consumable asset.

Increased Awareness - As more and more people become aware of Cryptocurrency, the demand to buy into Bitcoin will increase, and that will help push the price even higher. Report shows that only 11% of Americans currently owns Bitcoin, while 88% have heard of it. It is estimated that the percentage of Americans who will own bitcoin in 2022 may increase to 50%. If the price continues to rise base on demand, 400% increase from the current number of ownerships will put the Bitcoin price at $50,000.

Time to Buy and Hold Some

While I am a strong advocate of releasing Bitcoin into circulation. I find it hard to resist the temptation to encourage you to start holding some amount of Bitcoin for the impending payday as we continue to watch and see where the market is heading to.

This may not be the best time to buy but you can still buy anyways.

Cheers!

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dantee1
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August 20, 2019, 10:55:42 AM
 #2

If Facebook succeeds in Launching Libra, that may also play a part in the ultimate awareness to Cryptocurrency and indeed Bitcoin.

But as it stands, I don't think Facebook is moving ahead with the project anytime soon due to regulatory frameworks

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August 20, 2019, 12:45:38 PM
 #3

In January 2016 when Bitcoin was trading around $300+, I predicted it was going to bump to $1,000 by the next January (2017). It almost did as Bitcoin ended January 2017 at more than $900, few dollars shy of my actual prediction. Then I predicted again it was going to hit $20,000 in December 2017. Again, my prediction came short with less than $400 USD at $19,650 in 15 December 2017. After that, Bitcoin began a downward spiral and people started panicking. Everyone was prediction the end of Bitcoin.

Then again, in 14th December 2018 when Bitcoin was trading at $3,100, I held a seminar where I encouraged people to start saving up some Bitcoin, that the price was going to hit $10,000 within the next 12 months. Everybody in the room thought it was a joke. Here we are, just 9 months after the prediction, Bitcoin has traded at $11,000+. It is important to note that I made those predictions base on pure instincts and by observing market trends.

Now, I am making another bold prediction. This time, a long-term prediction, that Bitcoin will finally hit $100,000 before December 2022. Who agrees with me on this?

I was expecting Bitcoin to crash in July this year when Trump Tweeted his lack of faith in Cryptocurrency, but it didn't. That was a clear indication that Bitcoin has come of age. That no single person nor single policy is capable to bring the price down, rather the price is decided by the people's sentiments.

Effects of USD - One thing that will push the rise of Bitcoin to 100k per coin is the number of dollars in circulation. Bitcoin’s price (in dollars) will continue to rise exponentially as the number of dollars in circulation rises exponentially.

If the Federal Reserve continues printing dollars exponentially, the dollar price of Bitcoin will continue to rise exponentially, so eventually it will reach $100,000 per coin. And that is what is going to happen over the next few years. Why? Because the Fed and other central banks around the world believes that printing more currency bills will help boost the economy.

The effect of printing so many dollars is that the price of all goods and services (measured in dollars) will eventually rise to match the number of dollars printed. And Bitcoin is no exception, even though it's not a consumable asset.

Increased Awareness - As more and more people become aware of Cryptocurrency, the demand to buy into Bitcoin will increase, and that will help push the price even higher. Report shows that only 11% of Americans currently owns Bitcoin, while 88% have heard of it. It is estimated that the percentage of Americans who will own bitcoin in 2022 may increase to 50%. If the price continues to rise base on demand, 400% increase from the current number of ownerships will put the Bitcoin price at $50,000.

Time to Buy and Hold Some

While I am a strong advocate of releasing Bitcoin into circulation. I find it hard to resist the temptation to encourage you to start holding some amount of Bitcoin for the impending payday as we continue to watch and see where the market is heading to.

This may not be the best time to buy but you can still buy anyways.

Cheers!
I am expecting Bitcoin to rise.
I am not disagreeing with you about your long-term prediction of December 2022 on Bitcoin, but I myself think that many predictions are incorrect in predicting the price of Bitcoin. With Mr. Donald Trump's statement, I think, he is positive. Although by country, the USA is the top country by ICO number and the top country by fundraising (https://icobench.com/stats#stats-countries)

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August 20, 2019, 01:01:47 PM
 #4

Who wants here to see the price dumping until it dies?

Of course none, so in short we all expecting for the price of bitcoin to go up to the moon where everyone use this as a mode of payment. Bitcoin can go high its the goal of everyone, I’m still confident that it can recover and this is the new era of our money.

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August 20, 2019, 01:16:19 PM
Last edit: August 20, 2019, 01:38:33 PM by Fedice
 #5

We hope that Bitcoin keeps moving from strength to strength as the future of currency. We simply wants stability, not necessarily non stop upwards movement. Many industry experts are predicting $100k in the next few years and there are some credence to that. Here's another bold prediction from Anthony Pompliano.

Quote
The bitcoin price will soar to $100,000 in the next two and a half years. That’s the aggressive price target from Anthony Pompliano, co-founder and partner at Morgan Creek Digital.

If his prediction is correct, bitcoin would hit a $2 trillion market capitalization. That’s about a third of gold’s current market cap and 1/40 of the worldwide money supply. ‘Pomp’ cites a 70-75 percent conviction in his prediction.
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August 20, 2019, 01:24:12 PM
 #6

Those are actually great statements and i agree with you. Although not about one part, which is the effect of usd. Well if bitcoin price increases because the bank prints more money, and the price of goods increase, then well btc price maybe increase too but it won't make the value become higher because of the inflation. It will remain the same. But maybe if many people become more aware of btc and start to buy them which increase demand, then we can expect bitcoin price to rise higher and it will be great if it can touch 100k. Better hold and invest now then, before btc is too expensive to buy.


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August 20, 2019, 02:29:57 PM
 #7

Who wants here to see the price dumping until it dies?

We are all here to see bitcoin growing and even today if it hit $100,000?  we would all celebrate it.
If Facebook succeeds in Launching Libra, that may also play a part in the ultimate awareness to Cryptocurrency and indeed Bitcoin.

But as it stands, I don't think Facebook is moving ahead with the project anytime soon due to regulatory frameworks
The Facebook coin(libra) if launched it is going to determine the future of bitcoin and since the issue of libra come to the limelight in may bitcoin gained more than any issues in history. Libra discussion across the world especially in the political arena has brought bitcoin into the mind of the elites, politicians, and investors. The bakkt launch that will probably take place in one month time may give Bitcoin a long time investments from institutional investors too.
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August 20, 2019, 02:35:09 PM
 #8

If Facebook succeeds in Launching Libra, that may also play a part in the ultimate awareness to Cryptocurrency and indeed Bitcoin.

But as it stands, I don't think Facebook is moving ahead with the project anytime soon due to regulatory frameworks

Can't you understand that the reason Libra (and many others) could be stopped on a whim is the very reason it fails as a coin? Its centralization is its downfall. Some people are yet to understand this, and want to force their beliefs into what they have known all their lives, that is, fiat, into crypto. This is the mistake made by Zuckerberg and many others.

Just the fact that you are saying in your own sentence that Libra might be stopped by a government, should tell you right away that Libra is doomed.

Nobody can stop Bitcoin. Get it? This is why bitcoin is valuable, while Libra never will. If it can be shutdown, it is worthless. Or, are you going to put your savings into something, that tomorrow might be no more? Then stick to fiat...

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August 20, 2019, 03:54:48 PM
 #9

In January 2016 when Bitcoin was trading around $300+, I predicted it was going to bump to $1,000 by the next January (2017). It almost did as Bitcoin ended January 2017 at more than $900, few dollars shy of my actual prediction. Then I predicted again it was going to hit $20,000 in December 2017. Again, my prediction came short with less than $400 USD at $19,650 in 15 December 2017.

Date Registered: October 13, 2018

registration date checks out. proof or it didn't happen. Wink

Now, I am making another bold prediction. This time, a long-term prediction, that Bitcoin will finally hit $100,000 before December 2022. Who agrees with me on this?

it's not a bold prediction. it's actually quite conservative. a mere 500% above the last ATH, in a 2.5 year time frame? many people have already made the same prediction.

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August 20, 2019, 05:54:14 PM
 #10

In January 2016 when Bitcoin was trading around $300+, I predicted it was going to bump to $1,000 by the next January (2017). It almost did as Bitcoin ended January 2017 at more than $900, few dollars shy of my actual prediction. Then I predicted again it was going to hit $20,000 in December 2017. Again, my prediction came short with less than $400 USD at $19,650 in 15 December 2017.

Date Registered: October 13, 2018

registration date checks out. proof or it didn't happen. Wink

You must be one hell of a myopic human being. The date I registered at Bitcointalk is an indicative of when I started dealing with Bitcoin? Seems you really loves making "figment of your ass" for sure.

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August 20, 2019, 06:13:52 PM
 #11


Now, I am making another bold prediction. This time, a long-term prediction, that Bitcoin will finally hit $100,000 before December 2022. Who agrees with me on this?

it's not a bold prediction. it's actually quite conservative. a mere 500% above the last ATH, in a 2.5 year time frame? many people have already made the same prediction.
Yeah lots made their prediction but moving out that level on for a couple of years? I don't think that it would reach out.

Well,we do have our own insights or inputs but these numbers are way too exaggerated.Expecting for price rise? Everybody on this crypto market
does hope for such event.



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August 20, 2019, 06:32:35 PM
 #12

How long we view success is a measure of BTC against USD.
Success is starting to rely on BTC as a reference value, not reaching the price of millions of dollars.

If Bitcoin is not used as currency, there will be no difference between the value of one BTC per 1 USD and 1 satoshi per 1 USD.
Success in the application of daily use with cheap fees.
Achieving integrated decentralized payment systems is the dream.

Generally, I don't expect more than $ 20,000.

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August 20, 2019, 07:13:18 PM
 #13

We hope that Bitcoin keeps moving from strength to strength as the future of currency. We simply wants stability, not necessarily non stop upwards movement. Many industry experts are predicting $100k in the next few years and there are some credence to that. Here's another bold prediction from Anthony Pompliano.

Quote
The bitcoin price will soar to $100,000 in the next two and a half years. That’s the aggressive price target from Anthony Pompliano, co-founder and partner at Morgan Creek Digital.

If his prediction is correct, bitcoin would hit a $2 trillion market capitalization. That’s about a third of gold’s current market cap and 1/40 of the worldwide money supply. ‘Pomp’ cites a 70-75 percent conviction in his prediction.
If this will happen then I’ll become a millionaire in our own currency?then I will be waiting 😂

I a always positive about the future of bitcoin as a never stop holding (but in some cases I sell and buy again the next drop of price and I think normal for small investor)now what I am waiting is even smaller than 100$k,I think after halving we can see more growth and surpass the recorded highest price last December


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August 20, 2019, 07:31:23 PM
 #14

We hope that Bitcoin keeps moving from strength to strength as the future of currency. We simply wants stability, not necessarily non stop upwards movement. Many industry experts are predicting $100k in the next few years and there are some credence to that. Here's another bold prediction from Anthony Pompliano.

Quote
The bitcoin price will soar to $100,000 in the next two and a half years. That’s the aggressive price target from Anthony Pompliano, co-founder and partner at Morgan Creek Digital.

If his prediction is correct, bitcoin would hit a $2 trillion market capitalization. That’s about a third of gold’s current market cap and 1/40 of the worldwide money supply. ‘Pomp’ cites a 70-75 percent conviction in his prediction.
If this will happen then I’ll become a millionaire in our own currency?then I will be waiting 😂

I a always positive about the future of bitcoin as a never stop holding (but in some cases I sell and buy again the next drop of price and I think normal for small investor)now what I am waiting is even smaller than 100$k,I think after halving we can see more growth and surpass the recorded highest price last December



Hope you remember me when you do become a millionaire in your currency?  Roll Eyes

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August 20, 2019, 08:24:10 PM
 #15

Who wants here to see the price dumping until it dies?

Of course none, so in short we all expecting for the price of bitcoin to go up to the moon where everyone use this as a mode of payment. Bitcoin can go high its the goal of everyone, I’m still confident that it can recover and this is the new era of our money.
Everyone is expecting the ultimate rise ahead when it's 2-3 years from now we still really don't know yet if bitcoin will reach $100,000. I wouldn't expect too much yet since it is just a pure speculation without basis. Everything will change in the future and everything in the media/news will affect the changes of the price.

 
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August 20, 2019, 08:27:48 PM
 #16


Everyone is expecting the ultimate rise ahead when it's 2-3 years from now we still really don't know yet if bitcoin will reach $100,000. I wouldn't expect too much yet since it is just a pure speculation without basis. Everything will change in the future and everything in the media/news will affect the changes of the price.

Absolutely true. Almost everyone I know in the cryptosphere is extremely bullish in the long term (as am I) which makes things a bit crowded on that end, though I could definitely see that happening and perhaps as low as $20k in a couple years though. We're still making slow but steady progress towards that number in the meantime, and the tech involved is only going to get better with time. I've been dollar cost averaging for the last few months and I will continue to do so for the forseeable future.

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August 20, 2019, 08:48:54 PM
 #17

@dantee1

At first I wondered why so many people mentioned $100k. Then I understood why: it's because they did some statistics with the previous Halving.

Anyway, it's statistically possible, but I'll see more at the $75k level. However, if it happens, it will happen after halving. Because the climb is always visible after.

There's a lot of news that Bitcoin is totally immune to now. ET Trump is far from being an authority in this field, I wouldn't worry much as long he doesn't tweet anti-bitcoin like a freak.

Facebook has revised its ambitions with Libra, they admit that it is too difficult for them considering the current legislation. I wouldn't be surprised if the project dies before to be finished.

...

ICOs are just garbages

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August 20, 2019, 09:15:14 PM
 #18

In January 2016 when Bitcoin was trading around $300+, I predicted it was going to bump to $1,000 by the next January (2017). It almost did as Bitcoin ended January 2017 at more than $900, few dollars shy of my actual prediction. Then I predicted again it was going to hit $20,000 in December 2017. Again, my prediction came short with less than $400 USD at $19,650 in 15 December 2017.

Date Registered: October 13, 2018

registration date checks out. proof or it didn't happen. Wink

You must be one hell of a myopic human being. The date I registered at Bitcointalk is an indicative of when I started dealing with Bitcoin? Seems you really loves making "figment of your ass" for sure.

"proof or it didn't happen"---that was the point. it's convenient that these amazing past predictions are unverifiable. why bother telling us about them at all? why would anyone believe you? as far as we're concerned, you're just a random here.

nothing wrong with that---but just make your prediction and move on. no need for grandstanding. Kiss

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August 20, 2019, 10:11:34 PM
 #19

If Facebook succeeds in Launching Libra, that may also play a part in the ultimate awareness to Cryptocurrency and indeed Bitcoin.

But as it stands, I don't think Facebook is moving ahead with the project anytime soon due to regulatory frameworks

Can't you understand that the reason Libra (and many others) could be stopped on a whim is the very reason it fails as a coin? Its centralization is its downfall. Some people are yet to understand this, and want to force their beliefs into what they have known all their lives, that is, fiat, into crypto. This is the mistake made by Zuckerberg and many others.

Just the fact that you are saying in your own sentence that Libra might be stopped by a government, should tell you right away that Libra is doomed.

Nobody can stop Bitcoin. Get it? This is why bitcoin is valuable, while Libra never will. If it can be shutdown, it is worthless. Or, are you going to put your savings into something, that tomorrow might be no more? Then stick to fiat...

My take on it...

They sell it as Bitcoin but use the blockchain to monitor your buying activity (between shops) and keep track of your balance. They want to centralize the information and decentralize it’s use. Maximize advertisements based on your buying habits. Sell your buying habits....
It’s the evil twin of tracking cookies...

Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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August 21, 2019, 02:32:51 PM
 #20

They sell it as Bitcoin but use the blockchain to monitor your buying activity (between shops) and keep track of your balance. They want to centralize the information and decentralize it’s use. Maximize advertisements based on your buying habits. Sell your buying habits....
It’s the evil twin of tracking cookies...
Agreed. Their main goal is to trick average joes into thinking that this is a fantastic alternative to the fiat they usually spend, because hey, it's a hot new crypto thingy, right?

They have wisely leveraged the momentum around crypto, which I can't blame them for because their roadmap is clear-- they want your data and sell it to the highest bidder. It's what Facebook has always done.

Too bad people as stupid as they are allow themselves to be used as a product. I don't have a Facebook account and never will have one, or at least, not with my personal information attached to it.

 
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