Bitcoin could reach $100,000 in 2020: Ross Ulbricht

[DaMut]

Another nustradamus wanna be or should i say a time traveller. All those persons who predicted that btc will go 100,000$ even  higher should be buying right now and pump bitcoin up to 50,000$.

it is not another nostradamus wannabe but the manipulator trying to use their bold prediction to hype the market and manipulating the community morale. do not you find it strange, many people started to make a bold prediction lately?

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[YinShuiSiYuan]

Another nustradamus wanna be or should i say a time traveller. All those persons who predicted that btc will go 100,000$ even  higher should be buying right now and pump bitcoin up to 50,000$.

Exactly! They should buy and pump the price themselves!

However, I wonder ... Why Ulbricht is even trying to predict the price of Bitcoin at all..?  After all, if the court confirms the charges against him, he won't be released from prison for the rest of his life ... 

[styca]

Bitcoin can go to $100k in 2020, yes. Doesn't mean it will though.
Equally it can go to $1k. The thing is, with a market as volatile as crypto, we do get these huge fluctuations, and each new mega-bull can be an order of magnitude higher than the last one... but also the falls are just as hard.

Remember bitcoin went from $20k to $3k fairly rapidly. Just because a thing is possible, doesn't mean it's likely. Any idiot can make predictions, and the more outlandish, the more likely they are to get coverage. Fundamentally though we are all guessing on BTC price, and we are guessing within a wide range.

[Hamphser]

This will not going to stop, despite the fact that almost every predictions about bitcoin future price went wrong drastically. Still we are giving fame to people by discussing there predictions. Lets hope year 2020 bring joys for all crypto traders but don't follow these predictions. Crypto market has its own mood of going up and down.

None of them get the fame for making such wild prediction out of nowhere. They just want their names to be in the crypto headlines but what they just did won't affect the market price. Maybe he just predicted that because he knows when is the bitcoin halving but there's a slight of fail in his prediction because almost everyone who's old enough here know that bitcoin halving will take years before the effect could happen.

[YinShuiSiYuan]

Bitcoin can go to $100k in 2020, yes. Doesn't mean it will though.
Equally it can go to $1k. The thing is, with a market as volatile as crypto, we do get these huge fluctuations, and each new mega-bull can be an order of magnitude higher than the last one... but also the falls are just as hard.

Remember bitcoin went from $20k to $3k fairly rapidly. Just because a thing is possible, doesn't mean it's likely. Any idiot can make predictions, and the more outlandish, the more likely they are to get coverage. Fundamentally though we are all guessing on BTC price, and we are guessing within a wide range.

As you wrote, any idiot can give any number he think about and claim that this will be the price of Bitcoin in next year. However, no one will think about the fact that technology is developing and Bitcoin 2 may be created at any time and the price of the current BTC will begin to fall to zero.

[TeraBite]

https://bitcointalk.org/index.php?board=57.0

This topic belongs to Speculation board and current place is only related to altcoins. Please move this to that board there are so many topics related BTC's price movement.

[sehoon]

To be honest, no one really knows what could happen in the price of bitcoin or should we even care about it especially when we are just investors. Predicting the price is just too hard and even experts can't pinpoint what could happen. As of now, I think we should still focus on looking for something to invest in other than bitcoin. But it's going to be really huge if what Ross is saying is going to happen.

[shodik007]

many people started to make a bold prediction lately?

I am not surprised at all with predictions that have come out, actually you can ignore them because this is not possible and another reason is because many of these predictions are always wrong, I consider this a joke, nothing more

[ePesoInitiative]

Ross Ulbricht is a bad source of market predictions. The best predictions usually come from industry insiders who has intimate knowledge of the code developments and much better if this person predicting know how markets work.

[BTCGOLD]

Ross Ulbricht is a bad source of market predictions. The best predictions usually come from industry insiders who has intimate knowledge of the code developments and much better if this person predicting know how markets work.

I totally agree. Ross has been closed for years so he lost his market intuition. The only information he bases on is probably not much of what allows him to read or watch. We should not trust the predictions of individuals and certainly not those who have been in prison for years.

[tenakha]

I totally agree. Ross has been closed for years so he lost his market intuition. The only information he bases on is probably not much of what allows him to read or watch. We should not trust the predictions of individuals and certainly not those who have been in prison for years.

Do not be so negative about prisoners. Although Ross Ulbricht was busy with illegal work, he probably knew about BTC before all of us and was knowledgeable enough to create something on the darkweb. Also, I do not think he predicted $100k to impress somebody to invest. This is everyone's own choice, if you do not want to, do not.

[btc_angela]

Ross Ulbricht is a bad source of market predictions. The best predictions usually come from industry insiders who has intimate knowledge of the code developments and much better if this person predicting know how markets work.

And who would trust such a person as Ross Ulbricht? And for that matter, there are no insider in this market, everything moves here freely and it ever there is a code developments, everything can be seen in GitHub so everyone knows that something is going on behind. Well it's possible for bitcoin to reach that 6 figures right? So it's doesn't matter if Ross predicted it, eventually in the next 5-10 years, that price is doable.

[wajik-tempe]

I'm not placing high expectation anymore with this kind of news because since 2018 early i've seen so many news that said bitcoin will reach 100k in the end of the year. But the price crashed and i was so upset. It was bitcoin price in 20k, and with the current price right now, reaching 100k in 1 year is almost impossbile except some miracle happen to cryptocurrency. touching 10k is already a blessing for me.

[debitel]

My opinion is that until May 2020 Bitcoin will be worth somewhere around 30k, by the end of the year i really doubt that it will reach 100,000k. This is just manipulation from the crypto "influencers".

[Cnut237]

$100,000 may on the face of it seem quite unlikely, but we have seen that sort of exponential growth before. Basically if $100,000 were to happen, it wouldn't be a huge surprise to most of us. But also stagnation around current levels or even a fall to $5,000 wouldn't be a surprise either.

So what this means is that any price in the range $5,000 to $100,000 in 2020 would be reasonable. So you can make any price predication in this sort of range. The question is are these people saying it will hit that price, or that it could. If 'could', then fine, we all agree. If 'will', then that's absurd, no-one has that level of certainty where crypto prices are concerned.

[tokeweed]

Another nustradamus wanna be or should i say a time traveller. All those persons who predicted that btc will go 100,000$ even  higher should be buying right now and pump bitcoin up to 50,000$.

Lol.  You're clueless pal.  You obv have no idea who he is or what you're talking about...  He's pretty much a legend in the space.

[cryptoangel]

My opinion is that until May 2020 Bitcoin will be worth somewhere around 30k, by the end of the year i really doubt that it will reach 100,000k. This is just manipulation from the crypto "influencers".

I don't believe this will be a 30k USD worth on before May 2020. Because we are monitoring the every day fluctuation so it will be worth full investment for long-term, But we can't predict the future pump and dump on Bitcoin. I hope manipulation is not at this year and crypto influencers are just a spammers. So we must active and trade constantly in Bitcoin investment.

[naikturun]

Other predictions also say bitcoin will reach 1m $ at the end of 2020, and other experts also give their respective predictions, this is just speculation so just enjoy it.
the person who will win is the one who holds it for a long time.

[Wysi]

I'm not placing high expectation anymore with this kind of news because since 2018 early i've seen so many news that said bitcoin will reach 100k in the end of the year. But the price crashed and i was so upset. It was bitcoin price in 20k, and with the current price right now, reaching 100k in 1 year is almost impossbile except some miracle happen to cryptocurrency. touching 10k is already a blessing for me.

Even I am tired of hearing these unrealistic predictions by people who have no idea about the crypto and blind followers who cheer on these predictions. If we reach at least somewhere near $9-10 then it will be a big relief for us, but we have high hopes from the year 2020 due to bitcoin halving and even if the halving pumps up the price still it will not cross $20k mark.

[Onuohakk]

This year has already end, bitcoin price is yet to reach  $15k. And someone by the corner giving us unnecessary high hopes of $100k by next year. That's impossible, with what is happening around the cryptosphere currently. We shouldn't place our hopes on such amount, the least bitcoin can go is $20k by next year