Bitcoin to $150K and Ether to $9K

[Botnake]

Everyone is bullish. Longs are rising, shorts are falling. This makes me nervous. I believe in maximum pain theory, the idea that price tends to move where it will cause the most financial pain for the most traders. More and more it looks like a crash would bring maximum pain, not a rally.

I like when people are nervous when bitcoin is bullish, lol.

I'll say this. In 2016 there was much more skepticism and disbelief in the market, lots and lots of confident bears proclaiming impending doom.....and yet a bubble happened anyway. Now in 2020, now that there is widespread belief in a bubble, is it going to come?

I'm just saying when everyone predicts the same thing, it rarely comes true. We still might need to shake out some greedy bulls before this market can lift off.

Mike Novogratz said he would give up on BTC if it doesn't perform this year. Now that's the kind of skepticism I'm looking for! Sideways until 2021 please!

I can feel based on that statement that there is a market manipulation, the public prediction usually are wrong, the same would be applied in sports if you are doing sports betting, as they say, always bet against the public and you'll win most of the time.

I notice that as well, but as for me, I am more focus on long-term investing so I am bullish and at the same time I can also make some profit every time the market is dump as usually I buy at dip and sell when the price bounce back, doing that simple strategy makes me profitable in overall.

[culuuton]

if it is true then people will get rich, if Ethereum gets to $ 9,000 means altcoin can also go to New All Time High, but when will that happen? 

That isn't sure, people won't become rich, most will sell before the price hits this record and buyback later. The richers are still the minority, they are the ones who control the game. Predictions are for reference only, don't ask when it happens.

[Republikcoin.com]

if it is true then people will get rich, if Ethereum gets to $ 9,000 means altcoin can also go to New All Time High, but when will that happen? 

That isn't sure, people won't become rich, most will sell before the price hits this record and buyback later. The richers are still the minority, they are the ones who control the game. Predictions are for reference only, don't ask when it happens.

don't expect it, even now it's a very difficult price to imagine. just thinking about the $ 500 price is difficult right now. LOL, I smiled at the speculation that was so high into people's expectations. however, $ 9k will make almost all ethereum holders get rich quick. 

[rodskee]

if it is true then people will get rich, if Ethereum gets to $ 9,000 means altcoin can also go to New All Time High, but when will that happen? 

That isn't sure, people won't become rich, most will sell before the price hits this record and buyback later. The richers are still the minority, they are the ones who control the game. Predictions are for reference only, don't ask when it happens.

The greedy nature of human will play big as you mentioned, before it hits that range most of the holders will sell their assets and will
feel sorry after, since they are unable to wait to see this huge value.
If this happened most of those fat big bag holders will continue to gain bigger benefits as they are the one who are willing to take the
ride and maximize all the possible profits.
This speculations can be true but still depends from how investors and supporters will hold and continue to believe with developments
to add more investors to join and participate to this journey.
Lets hope for the best and what future will bring to this industry.

[Harriti]

It will never happen. This is one of the daily junk I read in newspaper pages. Exchanges' CEOs often create such news so that more people will have faith in bitcoin and continue to buy and sell it. Such news can also be found at McAfee and Justin Sun. all of them often use the "fomo" strategy to seduce newbies and take all their money. Be careful with news like this.

[Lucius]

Mike Novogratz said he would give up on BTC if it doesn't perform this year. Now that's the kind of skepticism I'm looking for! Sideways until 2021 please!

This only shows that Mike and his kind are interested in Bitcoin just because of money, and I would not be at all sorry if he gave up. What he says this year he also said last year, and I really don’t understand why he persistently pushes that thesis of his that Bitcoin must end the year at $20k? Although some are predicting miracles and a new ATH due to halving this year, it's not at all clear to me why Mike had the same predictions for last year...

I doubt the veracity of his statements that he will "hang his spurs" at the end of this year, because there is a lot of money in the game, and people like him do not give up easily, regardless of all the statements they make over the years.

[maydna]

if it is true then people will get rich, if Ethereum gets to $ 9,000 means altcoin can also go to New All Time High, but when will that happen? 

That isn't sure, people won't become rich, most will sell before the price hits this record and buyback later. The richers are still the minority, they are the ones who control the game. Predictions are for reference only, don't ask when it happens.

People will become rich if they know when they need to sell the coins, and they don't get greedy for chasing another higher price. They need to have the patience to wait for that time because no one will know when it happens. The only thing they must do is trying to buy more and more of bitcoin, so when the time comes, they are ready to sell all of the bitcoin or half amount or any amount of their bitcoin.

People can predict how much bitcoin price will be, but they will not know the truth. We can take part in the people who control the game by having patience and try to behind on them. But the problem is we don't know who they are and when they will start to move.

[freedomgo]

It will never happen. This is one of the daily junk I read in newspaper pages. Exchanges' CEOs often create such news so that more people will have faith in bitcoin and continue to buy and sell it. Such news can also be found at McAfee and Justin Sun. all of them often use the "fomo" strategy to seduce newbies and take all their money. Be careful with news like this.

It wasn't mention a specific date, it says in the next bull run, so it's still possible as we have seen what a bull run can do in the past.
This is a very aggressive prediction but if you are a long time investor in the crypto space, you'll know that nothing is impossible here, we didn't even thought that a 10,000 btc was use to buy a pizza in the past, and it's already almost $100 million at the current price.

https://qz.com/1285209/bitcoin-pizza-day-2018-eight-years-ago-someone-bought-two-pizzas-with-bitcoins-now-worth-82-million/

[7788bitcoin]

~
This only shows that Mike and his kind are interested in Bitcoin just because of money, and I would not be at all sorry if he gave up. What he says this year he also said last year, and I really don’t understand why he persistently pushes that thesis of his that Bitcoin must end the year at $20k? Although some are predicting miracles and a new ATH due to halving this year, it's not at all clear to me why Mike had the same predictions for last year...

If you are having some followers and if you predict some crazy amount then you will get a headline spot in major news publication and that is the only reason we are hearing all these prediction from people like these. If ETH could reach the all time high valuation i would be surprised but for the price to reach $9k is day dreaming. It would be cool if we have only bitcoin as a speculative coin unless big investors are willing to pump the coin until the bubble is burst.

[FanEagle]

A long term target for bitcoins would be between $150k to $350k which may happen by end of 2021.
A short term target for bitcoins would be around $20k which may happen by end of this year.

But these are all based on the theory of history repeats itself. We had another halving hence its time for testing the current ATH. But, recession might be the unexpected factor, we are currently having which may influence bitcoin prices at any level and that may lead to changes to above speculation accordingly.

Bitcoin needs to attract more number of adopters along with institutional investors then only we can think about having new ATH. At the same time, any prices around the current ATH might lead people get attracted to bitcoin. This is how bitcoin made people to adopt it. It means bitcoin will have some huge price which will lead to hove more adopters which again lead to further huge prices but in between whales dump and buy back .

[hahay]

I'm personally not sure it will happen or it is just a motivation maybe for me personally, it seems very unlikely cryptocurrency without a big adoption and at least there is always resistance from various parties at any time can jump very high quickly, even though it is predicted to occur at 5 years to come or how many years to come, I personally still find it hard to believe but whatever they say, I personally remain confident that the cryptocurrency market will grow but not at such fantastic prices.

[Chrystora123]

Bitcoin goes up to $ 150k..  I'm sure it will happen, but it will take a long time (maybe 10-15 years)..

snip..

Sorry before..  but I'm skeptic Ethereum will be priced at $ 9k.  the number of Ethereum increases every year if you look at the current Ethereum circulation which is 111,281,483 ETH (based on CMC) we say the amount of Ethereum does not increase, if the price of Ethereum rises to $ 9k then Ethereum is the number 1 cryptocurrency replacing Bitcoin.  I am optimistic that the highest ETH price will only penetrate to $ 4-5k..

[exstasie]

Mike Novogratz said he would give up on BTC if it doesn't perform this year. Now that's the kind of skepticism I'm looking for! Sideways until 2021 please!

This only shows that Mike and his kind are interested in Bitcoin just because of money, and I would not be at all sorry if he gave up. What he says this year he also said last year, and I really don’t understand why he persistently pushes that thesis of his that Bitcoin must end the year at $20k? Although some are predicting miracles and a new ATH due to halving this year, it's not at all clear to me why Mike had the same predictions for last year...

I doubt the veracity of his statements that he will "hang his spurs" at the end of this year, because there is a lot of money in the game, and people like him do not give up easily, regardless of all the statements they make over the years.

Probably true.

The issue for me is more that Novogratz (and most everyone else) is bullish and long. The data shows no one is shorting either. As they say, "when everyone has already bought, who is left to buy?"

This is not necessarily a deal breaker for a bull run but it does suggest traders are net long, which implies net sell pressure. The ideal bullish scenario is the opposite: everyone is bearish (already sold) and shorts are high, which implies lots of latent buy pressure if the price doesn't go down.

[Kelvinid]

I supposed to think it really great but the chances of having it reach are actually far. Not even we wait for 10 years, 20 years. We already know the situation and people won't risk their money for when having that price, not even me.
Influential people could actually make an easy statement without any basis and this speculation I may thing it is only his imagination. May $50k for Bitcoin and $1k for Ethereum is achievable but not that $150k and $9k. We're not to expect the price to pumps as it just as magic and people buy during that time.

[philipma1957laptop]

In the grand scheme of things.  btc is worth  170-180 billion as I type.

The USA printed 4 trillion dollars more the 21 times that 180 billion value.

This was done to help the job losses from covid-19  europe printed more then 1.5 trillion euros about 10x the value of btc.

Asian countries are also trying to stimulate their economies by printing money.

We could see big price spikes in all crypto gold and silver.  Along with other precious metals.

So the idea of crypto doing a spike to 150k btc and 9k eth is not impossible.  but not likely.

[Questat]

I supposed to think it really great but the chances of having it reach are actually far. Not even we wait for 10 years, 20 years. We already know the situation and people won't risk their money for when having that price, not even me.

I think in 10 years it's possible, but I could be wrong like you could be wrong, we never know, prediction is just what we can do for now, but no such thing as impossible here, we based our prediction in what we think is realistic but bitcoin can really shoot up high.

Influential people could actually make an easy statement without any basis and this speculation I may thing it is only his imagination. May $50k for Bitcoin and $1k for Ethereum is achievable but not that $150k and $9k. We're not to expect the price to pumps as it just as magic and people buy during that time.

That's what I notice too, because they have a lot of followers but it's always up to us to evaluate such statement, if we think it's possible then we believe and follow it and if not then just simply disregard it, in the case of the OP I posted, I believe bitcoin will reach at this level, but for ETH, it might take some time.

[STT]

If people could believe BTC was here for sure in ten years then already today it would push past 10k and establish it as a low not a high.   Thats yet to happen and there is much incertainity in the world to deal with.    Crypto also has to do more to improve its usability for its wider application into the world, it has to be grandma proof and usable even when drunk ie. totally simple like a remote control.    Its still too much of a tech product for the savvy and people might think its simple enough but its got to be fool proof or similar, theres a worth in the price and value attributed in making it this way.
  9k for ETH seems a little too high unless it deploys contracts to a greater extent and some advantages over BTC, comparison should always be in the total market capitalisation, regular revenue etc. not the price.

[Upgate]

I'm tired of reading article content of bitcoin price predictions. Some of the price prediction can make you wonder how did they get their figures from, how possible or how long will it take for bitcoin to get that said amount.
With the way bitcoin is going in price, $150k is not achievable in 2years time.

[Ridwan Fauzi]

Bitcoin always has a way to prove it although it seems impossible to happen. There some analysts already who made by some experts, yeah I say them as an expert like Adam Back who predicted bitcoin price could reach $300.000 with or without institutional investor because he looks at the current economic situation. But for me, I won't say it will happen or not I'll just focus on my target to collect bitcoin as much as I can and I'll it for long term investment like ten years and more. Bitcoin has been maturated, there will be many people who will see it as an investment place and even can be competed by gold.

[Reatim]

Blockfyre’s co-founder believes a bull market will return, seeing Bitcoin price rise 1,400% to hit $150,000, and Ether and other solid altcoins making even more impressive gains.

The co-founder of cryptocurrency analysis company Blockfyre believes that a bull run will return, propelling Bitcoin (BTC) to a price of $150,000.

In a tweet on June 4, Simon Dedic suggested that these gains will not be reflected across the entire cryptocurrency market, although the more solid altcoins should also see impressive price action.

source : https://cointelegraph.com/news/analyst-predicts-next-bull-run-will-send-bitcoin-to-150k-and-ether-to-9k


Thoughts please, do you think it's going to happen?

Obvious that this is another bullish thread mate and many of us always longing for this kind of thread.

But the thing is do we really need to believe everything this Bullish people say?

Yeah this is lower than what most of the prediction we read about the price of bitcoin in Bull run but i don't think this is indeed to happen in our days now.

Look how denial we are having this time because of the Pandemic effect of COVID19.

The crisis are going around the world and even the Strongest countries like America and European countries are struggling how to end this.

So better let us just wait for the future prices and stop looking for over pricing.