Bitcoin Price to hit $400k a prediction by an analyst *face palm*

[Snappycoco]

It is possible specially that physical money are worthless right now due to crisis that the world is facing. But I guess maybe soon enough where the world regulate crypto.

[Reid]

The good thing is, you will not go to jail by just predicting something. 

$400k is a far price to be compared now.
If it does happen then I might consider selling all out.
That is, if the value of $1 is still the same as now.

I could just live in another country and spend my life resting while my kids and grand kids is having a better life too. 
But it might not. It is a dream. I woke up just now.

[$crypto$]

But are the predictions in the article for this year or in the future? Lol

There have been many predictions like this before but nothing makes sense and it is beyond reason in my opinion, prices are currently low then they say $ 400k will happen I am impossible and might fool the beginners or might want to be the main topic so that many visitors to the article, that's not cool enough.

Whatever happens that prediction is wrong and bitcoin still hasn't reached 50k let alone this 400k maybe a lot of people will laugh.

[ScamViruS]

Giving a target doesn't matter. But how much of that is a matter of reality. If someone said in 2013 that Bitcoin would go 20k in the future, would you believe it? But in reality it has. I'm very optimistic about bitcoin. I don't want to say anything about price prediction at this time. I want to see the previous ATH cross. Because if the ATH crosses, I think the real game will start.

Somehow too you seem to be pessimistic at the end too to wait for ATH before believing or expecting bitcoin to get as high as that  
To say the fact , from your earlier sentence, nobody really believed bitcoin to hit 20k but it did in 2017. Now it is still possible to have a major run above and higher than the already hit ATH and who knows the next price high.

As I said. I personally believe that Bitcoin will hit big targets in the future. I have already prepared for this. Now just see which way the market is going. What I said about crossing Ath does not mean that I will take my position if Bitcoin cross Ath. Ath crossing is important because after that the real game will start, price discovery can give Bitcoin a huge bull market.

[FanEagle]

I get that the author would imagine bitcoin went up before and could still do that yet again however he is not a financial savvy person obviously, doesn't know the difference of 100% increase from 100 dollars to 200 dollars versus 100% increase from 10k to 20k, let alone an increase to 400k which would be financially impossible right now when there is not even that much money available for investing anywhere let alone using it for bitcoin.

Even if all of USA that received 1200 dollars for free would use that to buy bitcoins, that wouldn't be enough to put bitcoin over 400k, we are talking about THAT much money. However an increase is likely, not to 400k obviously but over 10k looks like a big possibility for this year, so I can share the sentiment at least.

[bitbunnny]

One more exaggerated prediction, that is how this sounds to me.
Yes, the world has entered the nee global crisis and no one can't tell how long will it last and when will it end. In such circumstances many beleive that Bitcoin might get an extra value. That is possible and the price might go on the rise again however don't expect some huge jump over night. To reach 10000$ will be quite a challenge again.
Also, don't forget that the opposite scenario is possible too and the price might fall as well.

[milewilda]

One more exaggerated prediction, that is how this sounds to me.
Yes, the world has entered the nee global crisis and no one can't tell how long will it last and when will it end. In such circumstances many beleive that Bitcoin might get an extra value. That is possible and the price might go on the rise again however don't expect some huge jump over night. To reach 10000$ will be quite a challenge again.
Also, don't forget that the opposite scenario is possible too and the price might fall as well.

I dont know on whats up to their minds when it comes to those kind of predictions.If we do really just think carefully on what would be the basis then its just total nonsense to think for 400k price.We cant even hit nor break its previous ATH and we should be at least consider that thing first before going beyond border or prices.I cant even think of on how in the world would able to reach that unrealistic price in a short time or wont really able to reach at all.
If we do talk about 30-50k then i might agree or somewhat realistic but for 400k? 99% for it not to happen unless if the entire world
switched up to btc. LOL!

[danherbias07]

Author inconsistency? 
There is no prediction that is accurate  and I bet the author is also having the same problem.

He must be shocked at how far the predictor would want to reach the bitcoin price.
It could happen but not while there is trading that is happening.
They would easily withdraw from that number if it happens in a blink.
We will surely see a great dump after that. So yes, it could happen but it won't take long.

[jossiel]

snipped-
It doesn't mean just because he got right about the bear market means that he can have it guess perfectly again.

You have a point there, it might be also that moment was a coincidence that he predicted perfectly with his price prediction. And now, he again claimed a prediction of Bitcoin price on his own. But if you really deeply think, the Bitcoin price is unpredictable.

We are now in a global economic crisis and probably we're already at recession stage but look at the price of Bitcoin it is showed us an improvement in the market. So I don't think it will drop again below $5k. However, it might be also he was right, but who knows. Let just see what will happen, if will predict again the third time, and I will believe that guy.

It could be by chance and he predicted it correctly. As for the unpredictability of bitcoin, yes it's always like that. There can be hundreds of predictions that may come to us base on what they think about the market status.

Honestly, it's just making me impressed with how bitcoin reacted to the global pandemic. It has plunged under $5000 and it was before WHO declared covid19 as a pandemic, CMIIW.

[pooya87]

One more exaggerated prediction, that is how this sounds to me.
Yes, the world has entered the nee global crisis and no one can't tell how long will it last and when will it end. In such circumstances many beleive that Bitcoin might get an extra value. That is possible and the price might go on the rise again however don't expect some huge jump over night. To reach 10000$ will be quite a challenge again.
Also, don't forget that the opposite scenario is possible too and the price might fall as well.

I dont know on whats up to their minds when it comes to those kind of predictions.If we do really just think carefully on what would be the basis then its just total nonsense to think for 400k price.We cant even hit nor break its previous ATH and we should be at least consider that thing first before going beyond border or prices.I cant even think of on how in the world would able to reach that unrealistic price in a short time or wont really able to reach at all.
If we do talk about 30-50k then i might agree or somewhat realistic but for 400k? 99% for it not to happen unless if the entire world
switched up to btc. LOL!

in a short amount of time? sure it is impossible. just like it was impossible to reach previous ATH $20k in short time when price was still trying to break the $600 resistance.
but is it really impossible? you know your comment reminds me of all the same comments that we saw back in 2016 from people saying $2k is realistic and anything higher than that needs the whole world to switch to bitcoin. now we can't even imagine price being $5900 let alone be $2000.

[milewilda]

One more exaggerated prediction, that is how this sounds to me.
Yes, the world has entered the nee global crisis and no one can't tell how long will it last and when will it end. In such circumstances many beleive that Bitcoin might get an extra value. That is possible and the price might go on the rise again however don't expect some huge jump over night. To reach 10000$ will be quite a challenge again.
Also, don't forget that the opposite scenario is possible too and the price might fall as well.

I dont know on whats up to their minds when it comes to those kind of predictions.If we do really just think carefully on what would be the basis then its just total nonsense to think for 400k price.We cant even hit nor break its previous ATH and we should be at least consider that thing first before going beyond border or prices.I cant even think of on how in the world would able to reach that unrealistic price in a short time or wont really able to reach at all.
If we do talk about 30-50k then i might agree or somewhat realistic but for 400k? 99% for it not to happen unless if the entire world
switched up to btc. LOL!

in a short amount of time? sure it is impossible. just like it was impossible to reach previous ATH $20k in short time when price was still trying to break the $600 resistance.
but is it really impossible? you know your comment reminds me of all the same comments that we saw back in 2016 from people saying $2k is realistic and anything higher than that needs the whole world to switch to bitcoin. now we can't even imagine price being $5900 let alone be $2000.

Well, nothing can really foresee on what would happen to future thats why speculation would either happen or not but come to think that $600- $2k or go to 20k ATH isnt really that far to happen if we do base up with value but come to think from $7k - $400k.. Then sorry to say that i dont really believing that much into this possibility.We do need global adoption with this one plus computing the entire capitalization.Do you
really think that it would have high chances?

[Yamifoud]

This really an optimistic prediction and that because he is right at its prediction before, he can always be right. And this not the basis for he can predicted right for the incoming.
$400k is quite high for Bitcoin to reach even hypes will play again.  I shouldn't be fool into this nor I have see the market will go that far. If that he says we will reach $40k, maybe I was convinced. Even though I was optimistic about the market to grow but I have to think of some instances that being too much will never look good and unrealistic end.

[el kaka22]

I assume people who are making these kinds of predictions are not doing it because they believe it, but because they want to get attention at a big way and get their names out there. Think about it, if he came out and said "bitcoin will be 8k in the following months until end of summer" would you really see that as news worthy?

Do you really think he would get his own topic at bitcointalk which has nothing to do with where the article was written? Dude said 400k and thanks to that his name is everywhere now, which I assume what he was going for. Another possibility that he just wanted to say 400k so he could probably get a lot more people interested in bitcoin, when you say 8k not a lot of eyebrows are raised, but when you say 400k you make some people check what bitcoin is.

[pooya87]

~
Do you really think that it would have high chances?

yes i do really think that it is a strong possibility that bitcoin price is going to reach $400k and not just that i still believe that much higher prices such as a million is a possibility. but i say mass adoption is needed for $1 million not something like $400k, for the later we already have enough adoption. right now about 4 or 5 big countries have adopted bitcoin as a legal currency and the adoption is growing there much faster than anywhere else.
the price doesn't reflect this now because of panic, manipulation and the world economy being on the brink of a disaster.

note that i'm not talking about any time-frames here. if i were to "predict" i would say $400k is an easy possibility as the next bubble target that could be reached by the end of 2020 or early 2021 then the realistic price after that bubble pops would be somewhere around $170k-$200k.
$1 mil could take another decade or more though.

[Naida_BR]

Dave the Wave the analyst who this article author claims correctly predicted last years bitcoin crash, has made a wild speculation again this time as he claims that Bitcoin prices will hit $400k which is an absurd prediction in my personal opinion. Further the author of this article wants us to believe that just because Dave got it right once he’ll get it right again, and I do hope that newbies don’t fall for such gimmicks and avoid making investment decisions based on such analysts views.

In the crypto world, Dave the Wave’s predictions always carry significant weight. This is after he predicted in July last year that BTC would enter a parabolic downtrend, and Bitcoin price fell from $11,600 to $6,425 as he predicted.

With Dave the Wave’s previous prediction coming true in the past, this lends credence to this forecast.

Author is a newbie first he claims it’s a reliable prediction, and then goes on to questioning it :

As to how BTC would increase to these prices remains a mystery, especially for greenhorns in the industry. However, it is not the first time Bitcoin hikes by a seemingly unthinkable amount.

Source:

https://www.cryptopolitan.com/btc-price-to-hit-400k-dave-the-wave/

Those articles are just trying to attract more viewers.
There is not any analysis that can show that the price is going to hit 400k. We are still struggling to hit the ATH and those guys say that they can show in the charts that the price is going to be up so much...

[onrise]

It is possible specially that physical money are worthless right now due to crisis that the world is facing. But I guess maybe soon enough where the world regulate crypto.

Crypto is future and will have much more value than its present value. Buy not sure that anything can be so expensive which just does not add much rationale to me. Anything every person has their own perspective and one should identify where they see the value of a coin and how is the future shaped for it. If it looks good one should stay invested and keep buying at lows.

[ethereumhunter]

I would make my own prediction for bitcoin price can hit $150k-$250k, but I cannot say when it will happen

If we multiply by 20x by looking back to history, then yes, we will see $400k as the highest price. But that is not logical for me as we are not sure if the bitcoin price will increase 20x. Maybe that price will make sense for the next 5 years in the next halving

[mahilchii]

Gosh!!! That's probably a big number for sure, let's give predictions for recent market rather than going for next decade. I agree BTC is a very powerful crypto asset and a long-term investment but keep in mind that it's not so easy for 400k, for me it's very very expensive and I don't think it will reach that price till next decade..

[UnDerDoG81]

After all what happens in the world right now 400k sounds realistic to me. If you told me 40k 3 months ago I would say impossible.

I am fully invested in bitcoin but now have a bit of savings and honestly if I leave it as fiat it will be worthless soon.  This fake pandemic has some bigger reasons we dont understand yet.

[Youghoor]

Predicting such a high price for bitcoin is unrealistic and not likely to happen. The highest bid I will take in the game of guess about bitcoin price after halving will be $15K. Let's not exaggerate because economies are down and starting to pick up gradually. Bitcoin will never achieve this $400K unless new investors start investing in it as well.