Are we headed for 250k btc in 12-18 months?

[Hypnosis00]

I hope that the crystal ball is not telling a lie.
Though I appreciate people who have been optimistic about the market but I wasn't to expect to be like this, $250k in 12 months? Maybe I was not dreaming of hearing this price, but to be honest, this is purely imagining. Well that you say that 2017 price has been predicted, maybe you right and maybe just a lucky coincidence. And ain't to expect that the market will rally the same as it has been in the last 207 Bullrun, $250k is out from reality and couldn't find a thing to support that even experts can't tell as well.

[bitbunnny]

It's such a silly prediction about the price movement that is actually not worth of comment.
People use wishful thinking to predict the price and then come to such exaggerated values that don't have any real justification in anything. So, dream on...

[Ridwan Fauzi]

Technically yes bitcoin price could reach high price in the future especially with mining factor. But in the fact, like what happen now bitcoin price still traded in $9000-$10000 although the third halving even came. Most crypto currency user tend to buy bitcoin and even using it still rely on regulation, especially regulation from their countries.

Even, when the cost for mining bitcoin is already high there will be a chance for most miners will close their mining farm and sell bitcoin they had to make bitcoin price dump. Yeah, that is a bad scenario that I though but I just hope although there will be many miners who will sell bitcoin in a huge amount then there will be many user will buy it and make bitcoin price doesn't fall a lot.

[serjent05]

Credits to traders and crypto analysts who are tirelessly or even religiously looking for or probably guessing what's going to happen next in the Bitcoin market.

Indeed!  Credit to crypto analyst and shills that are tirelessly giving out their guesses when their crystal ball doesn't really showing anything.

With all due respect, however, I would say we are not headed to $250k in the next 12-18 months, not even in the next 5 years.

At the end of the day, your guess is as good as mine. Didn't click on the link, by the way.

Same thought here, the prediction is way too overboard.  I can't see any reason nor recent movement to support the claim about BTC going $250k in such a short period.  Maybe if OP says that BTC will reach $30k in the next 12 months or whatsoever may convince many of us that it might happen but not this big spike in price in that given time.

[coinfinger]

I would say we are not headed to $250k in the next 12-18 months, not even in the next 5 years.

Not everyone was seeing bitcoin's ability to test $20k by the times of 2016 and before. Until November 2017, I bet no one dared to speculate about $20k within 2017 itself. The proof is living within this speculation board. It is not necessary for you to understand about the potential of bitcoin like how I do. It is individual's perception and only time will judge who are all belong to which side.

I can't see any reason nor recent movement to support the claim about BTC going $250k in such a short period.

You cannot see FOMO . Yes, I mean once BTC market enters into wild bullish mode, we are not going to search for reasons but will act as per FOMO. This may sound non realistic but I am just talking about how the bitcoin reacted in 2017's rally. Moreover 12 to 18 months are not short period in my humble opinion.

[arwin100]

crazy though's for people who think for that to came since first there are so many things that we needed to consider as well we need to see some hype first before we can climb to that price. But honestly its so hard for us to reach for that far since imagine how big the issue is occuring and we must consider that, every negative especially financial crisis will directly hit the bitcoins so expect that for now we cannot reach for that far.

[Febo]

Are we headed for 250k btc in 12-18 months?

It is possible that Bitcoin price reach $250k, but it will soon after that drop under $100k. Also I would speculate that more possible time frame is 24 months and not 12-18.

[okala]

The market conditions has really changed and seeing such wide movement is no longer in sight. We should pray to see bitcoin above $20,000 again instead of looking for such wide and unrealistic changes in pricing.

[blockman]

It is possible that Bitcoin price reach $250k, but it will soon after that drop under $100k. Also I would speculate that more possible time frame is 24 months and not 12-18.

The same pattern as it did with its past all time highs. $250k is such a huge amount to think of and IIRC, there's one famous crypto guy that has predicted this, Tim Draper.
(https://cointelegraph.com/news/tim-draper-doubles-down-on-his-250k-btc-prediction)

[Kelvinid]

It is possible that Bitcoin price reach $250k, but it will soon after that drop under $100k. Also I would speculate that more possible time frame is 24 months and not 12-18.

The same pattern as it did with its past all time highs. $250k is such a huge amount to think of and IIRC, there's one famous crypto guy that has predicted this, Tim Draper.
(https://cointelegraph.com/news/tim-draper-doubles-down-on-his-250k-btc-prediction)

2017 Bullrun had made this person become famous as he perfectly projected it but I don't think he gonna be right again this time. $250k is really high and never in mind to think we can reach it, maybe $50k is close to reality than this. However, it was him to project and give his optimistic speculation (and I believe we all that the same) and it's up to us to draw any conclusions as anyone can make their opinion as well. But just to say that it looks impossible and never have to expect for it. 

[fabiorem]

No. But 25k would be possible, so you just need to cut one zero there.
There is also a possibility of visiting 2.5k, if Covid 2.0 hits. Bitcoin is part of the fiat system now.

[TheGreatPython]

What happened in 2017 was a rare phenomenon that many scammers managed to destroy and made people look at cryptocurrencies more cautiously

Then what happened in 2013 was so obvious one? Why you are not ready to accept the fact that every halving got the potential to launch the bitcoin prices at least 10x from the ATH? Basically bitcoin was designed to have huge value and that is accumulated through each halving. So, this time also there are lots of possibilities for the prices to test another 10x growth from the current ATH; which means there are possibilities for testing $200k levels; but the only new thing from the last two halving is pandemic situation and slow economy.

One simple trick to identify and to confirm the another 10x growth followed by halving is, if bitcoin prices are able to test its current ATH by the end of this year or by the beginning of next year then we can easily expect $250k in next 12 months from that.

[dunfida]

It is possible that Bitcoin price reach $250k, but it will soon after that drop under $100k. Also I would speculate that more possible time frame is 24 months and not 12-18.

The same pattern as it did with its past all time highs. $250k is such a huge amount to think of and IIRC, there's one famous crypto guy that has predicted this, Tim Draper.
(https://cointelegraph.com/news/tim-draper-doubles-down-on-his-250k-btc-prediction)

2017 Bullrun had made this person become famous as he perfectly projected it but I don't think he gonna be right again this time. $250k is really high and never in mind to think we can reach it, maybe $50k is close to reality than this. However, it was him to project and give his optimistic speculation (and I believe we all that the same) and it's up to us to draw any conclusions as anyone can make their opinion as well. But just to say that it looks impossible and never have to expect for it. 

He might able to project that previous ATH but doesnt mean that he do able to predict prices in the future and i do agree on what you have said that he might able to guess that one but
250k number wont really be an easy one to achieve on the current value we are standing into.
Lots of speculations floating around like 50k-100k-250k or even millions and i dont know on where they do get these numbers.Being optimistic isnt really bad but at least we should
try to look back if those are realistic or achievable.

[Dr.Osh]

It is possible that Bitcoin price reach $250k, but it will soon after that drop under $100k. Also I would speculate that more possible time frame is 24 months and not 12-18.

The same pattern as it did with its past all time highs. $250k is such a huge amount to think of and IIRC, there's one famous crypto guy that has predicted this, Tim Draper.
(https://cointelegraph.com/news/tim-draper-doubles-down-on-his-250k-btc-prediction)

glad to see people so enthusiastic about the current price of bitcoin. this is the same as those who predict that the price of bitcoin can reach millions of dollars. however, it is possible for the price of bitcoin to reach that price, but I think they are too excited. I don't really think that the price can be reached within 1 or 2 years. in fact, there are still quite a lot of people who target the price of $ 10k - $ 20k to sell the bitcoin they have.

[exstasie]

No. But 25k would be possible, so you just need to cut one zero there.

There is no way the market breaks the previous ATH (after 3+ years) and then tops out a measly 25% higher.

You're talking like a guy who has never seen a Bitcoin bubble before.

The zero stays.

There is also a possibility of visiting 2.5k, if Covid 2.0 hits.

I agree the possibility of a crash is there. However I see the panic being more minimal next time around, given that the market has already seen this before. The Fed will have their finger on the QE button the whole time and there just won't be the same kind of liquidity vacuum as there was in March.

I would expect a higher low, in both stock markets and BTC. The $5,000s or $6,000s seem possible.

[dmhco]

As the OP, I have a few comments.

1. Great to see this lively debate returning to these boards, and that alone should make people stop and think

2. Yield farming revenues are going to push this BTC insanely high when they have nowhere to go. I know this because I was the one who invented yield farming, back when everyone thought smart contracts were escrow devices only - see it for yourself on the Futereum contracts on the Ethereum blockchain time-stamped - you can find those contracts at https://futereum.com (Futereum will likely amount to nothing at this rate but stuff like Synthetix will be HUGE)

3. I was the first ever person to cover the Bitcoin price for ANY publication. It was for CoinDesk. I pitched that column for 9 months bcs back then, no one ever thought that the BTC price was relevant as a means of coverage or appropriate, Eventually they relented and then you got BTC price coverage - see here: https://www.coindesk.com/predicting-bitcoins-next-price-rise that was the first one!

4. I have a pretty reasonable sized company (https://dmh.co) and I have even faced a Blockchain lawsuit on my own, with no lawyer, just me against those frauds Silver Miller who are about to get so f&^ed its unreal but anyway ... I have experience at this. Here: https://www.coinspeaker.com/author/daniel-harrison/ read all the BTC price analysis which turned out correct explained with the same simple logic and if you don't like reading fine then watch here : https://www.youtube.com/watch?v=tBeVd-kaGB4&t=1013s

5. I have written a book about digital currencies here with more expounded thoughts on this subject and you can have a free copy just e mail me daniel@dmh.co but for reference that book is here: https://www.amazon.com/Currency-Revolution-Understanding-Economic-Phenomenon-ebook/dp/B07RV5DMLL/ref=sr_1_3?dchild=1&keywords=the+currency+revolution+harrison&qid=1594805536&sr=8-3 and in fact I recently completed a book SHOWING HOW COVID-19 FOR A FACT never got outside China and killed only 600 people here: https://www.amazon.com/First-Casualty-Autopsy-COVID-19-ebook/dp/B089RMTQ69 - again e mail me and I wil send you a free copy. I also went to Oxford for u/grad, did an MBA at BI and another MA at NYU so I am not some punter guessing

6. I have also created TWO FRONT PAGE TOP 25 CMC coins - over gross $120mm inside one month - but then those lawyers went and dumped my market and in a totally bizaree twist of fate only possible in today's USA they then went and sued me for dumping it so they could get a verdict that would mean they could cheat their capital gains taxes on the winnings they made dumping my market (to be fair, I could have been a MUCH better manager and was a bit naive back then, this was July 2017) ... anyway that lawsuit far from being frightening just came to zero because of course I didn't dump my market since I couldn't even have done that as I didn't even have the damn coins to do it with .... anyway ... I have been in this game some time ... put it that way ...

7. ... I am not fresh at this, and at the same time I am human, and I care deeply and passionately about everyone getting rich out of this - isn't that what this is all about? So, you ask - why don't you go and do this yourself and stop lecturing here? I am! I am putting all the resources I and my company has at its disposal into buying S19Pros and running them day in day out and I am financing it in a way which affords me to take zero risk without having to ask a single investor for money as a result of my company's banking partners. In other words, I have nothing to lose. Nothing . The reason I am emphasizing this is that you guys who say "hmm I tink it cannot get to this and that prcie" but blithely believe people you never see or meet are dying of a virus ... guys! Bitcoin at its first inception was about a kind of supernatural intelligence - an ability to just kinda figure it out like an AI. People saw it and it was like .. wow, cool. You have to get knowledgeable about this market enough and get ourside the mainstream enough to see this is the case and I am afraid far far too many of you are stuck in the mainstream. If you want to know the reason I care it's that I want us all to get rich, I don't want to be one of the few who gets rich off this - it is no fun, it's a damn hassle every time you go out and anyway, can't we take a logical line on this for a second? Why on earth would it mean a damn thing if BTC went to $100,000? It's fractional, right? So the only thing that matters is how much trhe purchasing power per unit at a gross level is purchasing at any one moment - this is the ONLY determinant of BTC pricing, and let me tell you, with yield mining gains, that'll be some FUCKING ASTRONOMICAL gains in 12 months time.

Do yourself a favour and look outside your middle class reality for a second. The whole world lies in front of you and quite possibly this is your last chance to be really financially comfortable (do NOT levearge or bet more than you can afford to - just mine it!) - I will say no more now other than thank you for contributing to the dialog - Daniel

[Questat]

You are free to believe what you think would happen, but for me, I am not seeing we will ever reach that price at that short period of time only.
I know the hype can still be on and FOMO is possible, but what happen last bull run and after the bull run, I think people will be more careful for the next bull run.

So my very conservative prediction would only be between $20k to $30k, and slowly the market will be stable.

[Zackgeno96]

No. But 25k would be possible, so you just need to cut one zero there.
There is also a possibility of visiting 2.5k, if Covid 2.0 hits. Bitcoin is part of the fiat system now.

If the countries won't open air-travel and also the travel of people between different countries then there won't be a COVID 2.0. The countries should open the travel between 2 countries only if there aren't any new cases in those 2 countries at least for the past 2 months or so, this will minimize the chance of spread of infection and also in case of asymptomatic persons the virus would have also gone from the system, if the precautions aren't taken then there will surely be another COVID wave.
If the pandemic won't stop then passing $20k would also be good news, would definitely be able to see the bitcoin price rally again to ATH but in a longer timeframe.

[fabiorem]

I recently completed a book SHOWING HOW COVID-19 FOR A FACT never got outside China and killed only 600 people here: https://www.amazon.com/First-Casualty-Autopsy-COVID-19-ebook/dp/B089RMTQ69

Well, the people in this forum believe that C19 is a real thing, and not a military-financial operation to bring a new world order, which will be highly centralized, and the digital opposite of what Satoshi wanted.
Thats why I said a second wave could bring a visit to $2.5k. Of course, we can say it would be less pronounced a second time, and this would follow the market logic. The argument exstasie brought is on point, and follow a logical pattern.
However, the market turned irrational after the C19 operation, and irrationality became the norm. It was appalling to see the masses being literally hipnotized by the prospect of getting a pneumonia, a disease which heals in two weeks with antibiotics.
I want to see bitcoin at $250k, but I cant trust the people who are holding it. And I cant trust those who are buying and selling bitcoin without having the real stuff in the first place, through leveraged contracts, which can have a devastating effect during a panic. So yes, because of these people, $2.5k is possible.
We are already living in a orwellian scenario. You dont use a mask to prevent a disease, but to catch one, because without oxygen your body immunity decreases (cloth masks are also a magnet for bacterias). Then comes the vaccine which will have the real virus in it, and which was mixed with four HIV proteins, to push your immunity even lower. We will have a frankenstein-like society, where the sheeple will always be sick, and blaming those who arent. How can I see bitcoin going to $250k with this people around?

[blockman]

It is possible that Bitcoin price reach $250k, but it will soon after that drop under $100k. Also I would speculate that more possible time frame is 24 months and not 12-18.

The same pattern as it did with its past all time highs. $250k is such a huge amount to think of and IIRC, there's one famous crypto guy that has predicted this, Tim Draper.
(https://cointelegraph.com/news/tim-draper-doubles-down-on-his-250k-btc-prediction)

2017 Bullrun had made this person become famous as he perfectly projected it but I don't think he gonna be right again this time. $250k is really high and never in mind to think we can reach it, maybe $50k is close to reality than this. However, it was him to project and give his optimistic speculation (and I believe we all that the same) and it's up to us to draw any conclusions as anyone can make their opinion as well. But just to say that it looks impossible and never have to expect for it. 

Let's give him the credits if he actually made it last time but this time, a lot of doubts and they are not pushing us to believe them that the price will go exactly as $250k. I'm part of those people that are waiting for the all time high and if it suddenly appears, I'm glad to see that but if it didn't, that's what I'm expecting. But the given timeframe of Tim is longer than what @OP is predicting, it's earlier. This is a waiting game.