Topic: [2019-09-12] Bobby Lee Suddenly Makes $200,000 BTC Price Prediction (Read 410 times)

I think that the boredom is more in my own side than yours because I am tired of all the speculations, and I think those people are just making mockery of the system now, because sometimes, their prediction can be unrealistic just because they want to become famous using the name of bitcoin, or they want to add to their fame using the bitcoin hype that is on ground.

I usually don’t pay attention to those people, my investment in bitcoin is not for a short term purpose but for a long term one, and whatever is going to happen to bitcoin will surely meet us here, I believe in the future of bitcoin generally and I believe that the value will once again go above the last all times high that we got, maybe next year since we are already close to the bull run.

It is like saying bitcoin will be $11k one day, yeah "one day" it will be $11k, probably very soon as well, it is easy to say bitcoin will be $200k one day, its another to say it will be $200k in 6 months, there is a big difference. I personally feel like $200k is a long long long way down the road, it probably won't happen anytime soon, that is why I am not full in crypto, most of my stash in crypto but I still keep some in fiat investments because they feel safer, I know I won't make much money from them, however I feel like its a good way to dilute your investments into many stuff, if you don't than you end up with one bad move and your all-in becomes all-bag instead of profits.

$200K shouldn't be the goal, $50k should be the more realistic goal and $20k should be the short term goal.

Bobby Lee is just notice Tim Draper speculation from April 2018, he says 1 BTC will be $250 000 at the latest in 2023, so Bobby say $200 000 just to be sure to be first whose speculation will become reality

Joking aside, as some other members say he needs some free PR for his new "hardware wallet", and by giving such prediction he gets what he wants. Do you remember John McAfee and his crazy $1 million prediction? He was also launch some wallet at that time, I think it was hacked very quickly.

This is only once again one of many predictions about the future price of Bitcoin. Yes, I think they'll be right about the price prediction, but I'm bored with those predictions. It's easy to predict the obvious. 

Some opinions weight in more than the others however the topic is also very important. For example, someone saying bitcoin will be 20k in the next week would have be someone very credible and I wouldn't believe them even if they were super known and liked people unless I agree with the logic.

Leaving the that aside if someone says it will be 200k one day then I may agree with them without doing any extra research or knowing the person. At the end of the day there is really no logic behind bitcoin going to 200k one day, it has no deadline and it is totally possible, will it happen? I don't know, can it happen? Sure it can. That is why credibility is really important depending on the topic not on the person most of the time, if the topic requires credibility then yes but if it doesn't then I can say something and it would make no difference.

Any random call "can be right", it doesn't have to be based on research to have a slight chance of coming true. However this doesn't mean it's also a credible opinion.

I also don't believe this guy cares about Bitcoin (not sure if he's technically knowledgeable about it though), if he cared he wouldn't be scamming people which in turn hurts BTC's reputation.
All I see is an opportunist, he just sees a newly introduced asset of value with a lot of inexperienced and greedy people surrounding it, just an easy target to scam.

There is a bit of relevance to his company being a bit of a shady looking thing and him calling bitcoin for 200k prediction, however its not fully relevant. He could have created a wallet that is literally stealing peoples money, that could be a thing however at the same time he could be right about the 200k, just because someone is a scammer doesn't mean he doesn't know what bitcoin is and what can it do.

Obviously, it is a bit relevant because dude is basically trying to convince people of something and if he actually did scammed before that means he tried to convince people for something before and tricked them and he is after it again. However, for something as general as bitcoin price, it is not just about him, many people believe there is no cap for how high bitcoin can get.

The new paradigm you talk about is anarchy. Can't wait for them to steal your money and spit on you alongside the road, maybe then you will regret your stance. You beg the government for aid but nobody is paying tax so the gouvernement is broke in you are shit out of luck.

If you want to turn this world into a ghetto or have everyday of your life look like "the purge" or "mad max" you've got a plan. Society as you know it would crumble... Enough movies illustrate that.

Bitcoin is a great system and could be the heart of the monetary system however it needs to be adopted and encapsulated. Or just leave it as cash money. It is NOT a rip and replace for the current system even if that system is crap as well...

That's my 2cts and am interested in how society with monetary anarchy could work...

Yeah, there's a lot of consumer rationale that explains why custodial services are so popular but for me the main thing simply is that people are accustomed online now to have a fallback plan to recover a lost password or account. The internet taught us to have passwords, but it also made a way for you to recover them. It needs people to switch to the proper mentality first, and for them to do that, they have to understand the new paradigm of money (or ironically, the original paradigm), which is that you should own your own money, and that means you and only you should have access to it.

Good point, I believe people who do not have the technical know how, would like an intermediate party to help them and guarantee the safety of their money. And yes these parties need to be checked by the authority. Basically it’s what we call a bank.

And you probably use a bank? I don’t consider you any less of a human because you don’t have a vault in your house with all of your money/gold stacked. Apparently you trust banks with your money even though they could screw you over anytime/any day.

Do you read every line of code for all bitcoin apps and the bitcoin client, online bitaddress wallet generator? NO?... there could be malicious code in there too... and yes backdoor keys are possible.

This is why I think bitcoin will always remain a cash system. It’s like money you carry on you.
For banks bitcoin could be gold.
Any party wanting to store your bitcoin would need to be checked and covered by insurance.
I do not think bitcoin should replace everything. This would create anarchy and if you lose your keys your a dead (wo)man.

No way, I always find those who buy sexbot as the disgusting kind of people in this world. So in short, this is all just part of a marketing by a person who you can't trust in any way. And also, this was not very shocking and this guy is just a newbie in making predictions because several people have already made their btc prices to hit $1m in 3-5 years so please don't even bother.

Lol, I love people anyway, I guess they have seen that bitcoin has a way of drawing attention to them when they speak good of it, that is why many of them just say whatever they like about bitcoin even if it is not a reasonable one. They might have been famous a little, but this will cause them to be famous the more.

It is a good thing that he is doing, at least better than all those FUD makers that want nothing good for bitcoin. actually to a length, I believe him, and I believe that bitcoin could really get to $200k in future, but that would be when bitcoin supply limit has so much depreciated to when demands of bitcoin become much more than supply and bitcoin becomes a little bit scarce to acquire, but that I see maybe in 10 years’ time, at least within the 10 years.

Bobby Lee has always made such optimistic forecasts, but I still do not remember that they come true, so he predicts high bitcoin prices in the near future. I still admit a rise in the price of bitcoin to $ 50,000, and then for a short time, and its price is one hundred and two hundred thousand dollars, this, in my opinion, is from the realm of fiction. Bitcoin holders themselves will lower this price. Market laws will work in this case too.

that thing is one of the shadiest things i have ever seen, specially because of the way it is being advertised on the internet!
but i think it is just a money grab project to fool the newbies into buying their garbage and taking their money by first creating a decent looking thing then advertising it as "safe". this "guess the price" thing is also done to get more newbies in so they could have more victims.

This is the reason why I think he's making such outrageous price predictions--he's obviously euphoric from that deal and has those rose-tinted glasses glued to his face.  It's either that or he's trying to get his name in the news by making that kind of prediction.  You see the same sort of behavior in shills like Max Keiser and the rest of the precious metal permabulls. 

Could bitcoin go to $200k?  Sure.  But there's no reason to think it's going to happen anytime soon, and any idiot could pick a price that high and say bitcoin is headed toward it.  Doesn't make it true.

Yeah, I read about that wallet in a thread here and it definitely sounds shady, if not an outright scam. 

You've just summarized how all this "hacking" in exchanges go.

But most people prefer that way. They dont want to have responsibility over their own money. Thats why I dont believe bitcoin will destroy the banking system. Banks oppose it only because they are run by boomers.

I like to think that if you dont have your own private keys, then you are still a nocoiner. This people who keep all their bitcoin in exchanges, and dont have their own wallets? Nocoiners, all of them.

it seems like this is becoming a very common pattern these days
everyone who starts a new business in cryptocurrency space and wants their name heard (free advertisement) starts predicting bitcoin price. and they are always the same usual prediction without any value that basically say "price is gonna rise". then the news sites go crazy and advertise their crap...

Who dont think that Bitcoin will ever be $200k is delusional. His prediction is in next few years what is most possible scenario. By far biggest chance fro that price for happen is 2-3 years from now.

Pretty obvious that the guys really needs to attract some attention here by predicting exorbitant price and then at the end promote his wallet. And it's really not hard to spot though, specially if you have been in this market already and you have seen this kind of sweet talk to get beginners and noobs listen to him and then make a pitch about his product. Maybe next week we may see a tweet from him saying that Bitcoin is going to reach $1 million, like what John "gonna eat my manhood in tv" McAfee.

Seems to be a disparity here, he is commending Bitcoin as if there is only one direction possible forward, as if it will be so pivotal to society in its secure value transfer that it comes to a price hundreds of times higher then its a initial peak prices.    Then he is seemingly compromising that secure capability by issuing something in his own favor.  
   I dont like to hear people talk about 200k price or similar because when too many people believe this it puts the danger of having the crowd of popular opinion all standing on one side of boat.  If way too many people are bullish they over speculate on development and growth in Bitcoin which still has a massive road ahead of it to actual achievement.     Its a case of be careful what you wish for because 200k spike could be the end of Bitcoin as we know it, due to it being such a volatile unexpected event and really not justified across the range of finance options.   I think it would be destructive and ironic if it occurred any time in the next year and I would not be surprised to hear the price was inaccessible to most ordinary people somehow and only a virtual price achieved between large parties.  
  I'll go with the slow steady progress and actual change that makes BTC a feature still standing in twenty years, that would be game changing and the price is not the most important part of its appearance in society; its the utility and ability it unlocks in communities especially distant and isolated from the dollar banking system, people denied capitalism their whole lives.