Topic: 2021-03-22 yahoo! - 'Bitcoin Winter' Could Last For Years After Price Hits $300k (Read 518 times)
May 07, 2021, 01:26:02 PM
These guys churn out such "news" for no reason at all. I have not seen a single positive news from them lately, especially if it concerned any predictions for the future. What drives them when they write such news or speculations? I cannot understand what data are laid by such predictors? It's like taking any figure from the sky to say that when we reach it, we will fall and then we will return to this price for a very long time (perhaps for the next several years). Sounds unscientific even for a journalist.
May 02, 2021, 05:03:17 PM
Bitcoin is growing 7% today. This means that if its growth continues, then within the next month it will be able to fully return all the losses that it suffered due to the negative news background and the correction will remain in the past. The bullish trend will again dominate the market. However, I do not think that this year we will see some kind of rapid growth that can reach such high rates. I think the growth will be gradual and periodic correction is inevitable.
The bullish trend will again dominate the market? I'm sorry but there isn't any bullish trend since several months now. Bitcoin was already above 50 000$ in February (2021), and we are in May now. In my opinion we are in a Wyckoff cycle of distribution and we can face a downtrend aka Phase E now.Almost the exact pattern was present in 2017 as well, and we know what happened after April that year. There are several factors that should contribute to the Bitcoin bull rally in the coming months. Joe Biden administration has announced a magnificent $6 trillion spending plan, which I would say is the best thing ever to happen to Bitcoin during the last 12 years. And in the background, the user base is continuously growing at a steady pace and the same can be said about the institutional investors.
May 02, 2021, 02:54:11 PM
I would not compare April 2017 with the current situation. Since then, a lot has changed, what was before really looked like a bubble caused by a big hype in the world media. We do not see such a picture at the moment. The market cannot be called calm either, but there is no such explosive growth or decline. Volatility has gotten better trading volumes on exchanges have grown as well as the number of market participants. I don't think the situation will repeat itself.
May 02, 2021, 09:48:19 AM
Bitcoin is growing 7% today. This means that if its growth continues, then within the next month it will be able to fully return all the losses that it suffered due to the negative news background and the correction will remain in the past. The bullish trend will again dominate the market. However, I do not think that this year we will see some kind of rapid growth that can reach such high rates. I think the growth will be gradual and periodic correction is inevitable.
The bullish trend will again dominate the market? I'm sorry but there isn't any bullish trend since several months now. Bitcoin was already above 50 000$ in February (2021), and we are in May now. In my opinion we are in a Wyckoff cycle of distribution and we can face a downtrend aka Phase E now.Almost the exact pattern was present in 2017 as well, and we know what happened after April that year. There are several factors that should contribute to the Bitcoin bull rally in the coming months. Joe Biden administration has announced a magnificent $6 trillion spending plan, which I would say is the best thing ever to happen to Bitcoin during the last 12 years. And in the background, the user base is continuously growing at a steady pace and the same can be said about the institutional investors.
May 01, 2021, 02:46:58 PM
Bitcoin is growing 7% today. This means that if its growth continues, then within the next month it will be able to fully return all the losses that it suffered due to the negative news background and the correction will remain in the past. The bullish trend will again dominate the market. However, I do not think that this year we will see some kind of rapid growth that can reach such high rates. I think the growth will be gradual and periodic correction is inevitable.
The bullish trend will again dominate the market? I'm sorry but there isn't any bullish trend since several months now. Bitcoin was already above 50 000$ in February (2021), and we are in May now. In my opinion we are in a Wyckoff cycle of distribution and we can face a downtrend aka Phase E now.
May 01, 2021, 12:50:20 AM
Bitcoin is growing 7% today. This means that if its growth continues, then within the next month it will be able to fully return all the losses that it suffered due to the negative news background and the correction will remain in the past. The bullish trend will again dominate the market. However, I do not think that this year we will see some kind of rapid growth that can reach such high rates. I think the growth will be gradual and periodic correction is inevitable.
Bitcoin prices are going up. But a worrying sign for me is that the altcoin prices are going up at a faster rate. And when useless shitcoins can have tens of billions of USD in market capitalization, that is a massive red flag, and the first indication that the bubble is going to burst sometime soon. XRP is back to the previous levels despite no final decision on their lawsuit with SEC, while Doge has gone up by almost 100x in the last 6 months.
April 30, 2021, 04:02:18 PM
Bitcoin is growing 7% today. This means that if its growth continues, then within the next month it will be able to fully return all the losses that it suffered due to the negative news background and the correction will remain in the past. The bullish trend will again dominate the market. However, I do not think that this year we will see some kind of rapid growth that can reach such high rates. I think the growth will be gradual and periodic correction is inevitable.
April 30, 2021, 02:56:39 PM
The thing is that is now clear more than ever that we have a few very strong crypto influencers who are very much able to let the price swing in one way or the other: Saylor, Musk, Novogratz, CZ, etc. can say things that normal folks will take like words from the gods and hence we have wild fluctuations on the market. This shows two things: 1 we can still grow much higher 2 the market is still very immature after all these years!
April 29, 2021, 11:26:19 PM
I think these articles in the media have only one purpose. Their goal is to ensure that faith in bitcoin does not grow stronger, but rather diminishes. The United States is a country where the Federal Reserve, disguised as a central bank (but in fact a private bank) issues the US dollar. And the people who control this emission are not at all interested in the development of bitcoin and the cryptocurrency market in general. They need, ideally, to discredit the very sphere of cryptocurrency in order for people to continue to trust ordinary money.
Well.. if that was the intention, then I have to say that they terribly failed in it. On one hand, they are saying that Bitcoin can go up to $300,000, when the current exchange rates are fluctuating at $50,000-$55,000 levels. So according to them, very soon there will be a 5x-6x increase in the exchange rates. The correction is going to occur after that. Intelligent investors will concentrate on the initial part of their statement, because that is going to occur first.
April 29, 2021, 05:43:05 PM
It seems to me that with the further increase in the price of bitcoin, it will become more and more difficult for him to do this. After all, the risk of losing invested capital will increase if the price of bitcoin falls. If people see another big drop in the price of bitcoin, as it was in 2018, then they are unlikely to invest in it next time when it rises high in price again.
In addition, the cycles in terms of the depth of the fall and its duration in time will not necessarily repeat even with approximate accuracy. Altcoins are developing very actively now and they will also influence the further movement of the market, despite the state of bitcoin.
In addition, the cycles in terms of the depth of the fall and its duration in time will not necessarily repeat even with approximate accuracy. Altcoins are developing very actively now and they will also influence the further movement of the market, despite the state of bitcoin.
April 25, 2021, 09:59:16 PM
@ willoweb. I agree that there might be some big whales who might be trying to sell their coins first because they might be speculating some negative regulatory development, however, it can also be argued that they are also only overreacting from what might not become approved into law.
April 25, 2021, 03:25:43 PM
I have great doubts that there are any prerequisites for predicting such growth in the near future, including this entire year. The last two weeks have shown how quickly and because of what essentially insignificant events (from a technical point of view) the bitcoin price and the market can fall after it. One statement by the President of the USA to raise taxes for wealthy Americans provoked another downward spurt of the market, although not a word was directly said about cryptocurrency. All this suggests how fragile the structure on which the market relies is.
April 24, 2021, 01:07:08 AM
I think these articles in the media have only one purpose. Their goal is to ensure that faith in bitcoin does not grow stronger, but rather diminishes. The United States is a country where the Federal Reserve, disguised as a central bank (but in fact a private bank) issues the US dollar. And the people who control this emission are not at all interested in the development of bitcoin and the cryptocurrency market in general. They need, ideally, to discredit the very sphere of cryptocurrency in order for people to continue to trust ordinary money.
I think that it's got a point though because if we reach that price point, I am sure that people will probably sell their bitcoin continuously and the drop in prices wouldn't much which in turn will cause the prices to slump continuously. And in my opinion, at that point, I don't think that faith is going to waver since bitcoin reached that point. April 21, 2021, 01:59:28 PM
I think these articles in the media have only one purpose. Their goal is to ensure that faith in bitcoin does not grow stronger, but rather diminishes. The United States is a country where the Federal Reserve, disguised as a central bank (but in fact a private bank) issues the US dollar. And the people who control this emission are not at all interested in the development of bitcoin and the cryptocurrency market in general. They need, ideally, to discredit the very sphere of cryptocurrency in order for people to continue to trust ordinary money.
April 21, 2021, 01:14:43 PM
Quote
Despite predicting that Bitcoin price will rise to $300,000 in the current bull market, Bobby Lee, founder of BTCC exchange, believes that crypto markets could spend years in decline after the market reaches its peak.
What Happened: “Bitcoin bull market cycles come every four years and this is a big one,” said Lee who co-founded UK-based cryptocurrency exchange BTCC in an interview with CNBC earlier today.
According to him, the market-leading cryptocurrency is likely to reach $100,000 this summer and may even reach $300,000 if historical cycles were to repeat.
What Happened: “Bitcoin bull market cycles come every four years and this is a big one,” said Lee who co-founded UK-based cryptocurrency exchange BTCC in an interview with CNBC earlier today.
According to him, the market-leading cryptocurrency is likely to reach $100,000 this summer and may even reach $300,000 if historical cycles were to repeat.
https://finance.yahoo.com/news/bitcoin-winter-could-last-years-171101499.html
This is a very interesting one: Bobby lee is not some stupid commentator but someone who predicted earlier than other the huge institutional boost before others did? What do you guys think about his take on a possible forthcoming crypto winter? Is that likely?
I agree with you, particularly given the number of US corporate buyers who could potentially enter the market, no to mention non US companies, let alone a potential ETF. The available bitcoin is so limited that an increase in demand like that would impact the fiat price significantly.
April 21, 2021, 12:39:23 PM
Quote
Despite predicting that Bitcoin price will rise to $300,000 in the current bull market, Bobby Lee, founder of BTCC exchange, believes that crypto markets could spend years in decline after the market reaches its peak.
What Happened: “Bitcoin bull market cycles come every four years and this is a big one,” said Lee who co-founded UK-based cryptocurrency exchange BTCC in an interview with CNBC earlier today.
According to him, the market-leading cryptocurrency is likely to reach $100,000 this summer and may even reach $300,000 if historical cycles were to repeat.
What Happened: “Bitcoin bull market cycles come every four years and this is a big one,” said Lee who co-founded UK-based cryptocurrency exchange BTCC in an interview with CNBC earlier today.
According to him, the market-leading cryptocurrency is likely to reach $100,000 this summer and may even reach $300,000 if historical cycles were to repeat.
https://finance.yahoo.com/news/bitcoin-winter-could-last-years-171101499.html
This is a very interesting one: Bobby lee is not some stupid commentator but someone who predicted earlier than other the huge institutional boost before others did? What do you guys think about his take on a possible forthcoming crypto winter? Is that likely?
April 21, 2021, 02:02:49 AM
It's true. If we go exponential and hit 300 thousand in a year we could overextend so much from the ribbon that it would take us years to go back down to retest the lows.
The lows right now are probably somewhere at 20 thousand. If went up by 100 thousand from here we'd have to lose all that value somewhere and it wouldn't be fast, it's just impossible to deflate so much in a short time.
The bear markets are also getting longer. If we needed 2 years in the past we could need 3 next time. I don't think we'll go as high in this cycle. 100 thousand would already be a huge milestone. I don't see how we could triple it in one and the same bull run that took us above 20 thousand.
Such a long winter is unlikely, but such a turn of events cannot be ruled out either. Although the last months can be called a triumphant procession in the price of bitcoin, which has risen from $ 20,000 to over $ 60,000, I think that the higher the price of bitcoin rises, the more difficult this process will be to move. People will be afraid of losing their large amounts of cryptocurrency and react more to various negative information about cryptocurrency.The lows right now are probably somewhere at 20 thousand. If went up by 100 thousand from here we'd have to lose all that value somewhere and it wouldn't be fast, it's just impossible to deflate so much in a short time.
The bear markets are also getting longer. If we needed 2 years in the past we could need 3 next time. I don't think we'll go as high in this cycle. 100 thousand would already be a huge milestone. I don't see how we could triple it in one and the same bull run that took us above 20 thousand.
At the same time, the cryptocurrency market is developing rapidly and, most importantly, its users are gaining the necessary experience. Therefore, what happened before may not be repeated in this market, or it may happen in a different way.
April 13, 2021, 05:50:22 PM
It's true. If we go exponential and hit 300 thousand in a year we could overextend so much from the ribbon that it would take us years to go back down to retest the lows.
The lows right now are probably somewhere at 20 thousand. If went up by 100 thousand from here we'd have to lose all that value somewhere and it wouldn't be fast, it's just impossible to deflate so much in a short time.
The bear markets are also getting longer. If we needed 2 years in the past we could need 3 next time. I don't think we'll go as high in this cycle. 100 thousand would already be a huge milestone. I don't see how we could triple it in one and the same bull run that took us above 20 thousand.
The lows right now are probably somewhere at 20 thousand. If went up by 100 thousand from here we'd have to lose all that value somewhere and it wouldn't be fast, it's just impossible to deflate so much in a short time.
The bear markets are also getting longer. If we needed 2 years in the past we could need 3 next time. I don't think we'll go as high in this cycle. 100 thousand would already be a huge milestone. I don't see how we could triple it in one and the same bull run that took us above 20 thousand.
April 12, 2021, 02:32:31 PM
I think trying to analyze the cryptocurrency market in terms of classical fundamental or technical analysis that they apply to regular markets is wrong. The point is that since the last time everything grew (4 years ago), a lot has changed, people have begun to understand more about the blockchain, investors have stopped treating bitcoin as some kind of wild thing with incomprehensible content. There have been countless conferences and other gatherings of economists - so this approach to analyzing the future is unlikely to be correct.
April 11, 2021, 08:47:26 PM
@acquafredda. I am not talking about bitcoin’s success as a speculative asset or commodity. It has become successful in that way. However, as a currency, I reckon it is not because of its volatility that is higher than the prices of items to buy.
Also, I accept the economics behind bitcoin. Am I rejecting it when I say that its monetary policy encourages hoarding?
Also, I accept the economics behind bitcoin. Am I rejecting it when I say that its monetary policy encourages hoarding?
April 11, 2021, 06:20:16 AM
@acquafredda. This can be blamed partly because of the monetary supply of bitcoin. It incentivizes hoarding and the early adopters who hoarded them first would have an unfair economic advantage and influence over the newcomers. Hoarding is also causes centralization pressure.
On the contrary, I believe that most ingenious part of bitcoin is the mechanism by which its monetary supply works. I mean, no point in arguing about this as if you do not accept the economics behind it and you may probably miss one of the reason why bitcoin is such valuable right now. Rather than focusing on hoarding, I would focus on the time preference as, clearly, bitcoiners have a completely different time preference than the majority out there. I do not see that as bad, really.
April 11, 2021, 01:53:31 AM
How many early adopters do you think are still out there who have kept the majority of their coins? I don't agree with you because coins have spread so much after 2014.
I don't see this centralization you are seeing and it's actually good that those who hoard now are doing that seeing the big picture.
my 2 sats
I don't see this centralization you are seeing and it's actually good that those who hoard now are doing that seeing the big picture.
my 2 sats
You do not consider Elon Musk, Michael Saylor and the other institutional investors to be part of the early adopters? They are certainly not part of the late adopters. Also, would you tell me that the distribution since 2014 is fair or there exists whales in the ecosystem?
April 10, 2021, 07:44:40 PM
It's just right to have a limited numbers of coins because I believe this is enough as a balance if someone who has a huge number of Bitcoin starting to sell, probably there's enough people who can accumulate that and it's a great thing since someone is in possession of their coins.
I don't know if exchanges could last if almost everyone starting to dump, I mean those whale starting to dump but why would they do that? And if the OP is right there's a big possiblity here that the bear market will tend to last longer if the price reaches six digits.
I don't know if exchanges could last if almost everyone starting to dump, I mean those whale starting to dump but why would they do that? And if the OP is right there's a big possiblity here that the bear market will tend to last longer if the price reaches six digits.
April 10, 2021, 12:03:58 PM
How many early adopters do you think are still out there who have kept the majority of their coins? I don't agree with you because coins have spread so much after 2014.
I don't see this centralization you are seeing and it's actually good that those who hoard now are doing that seeing the big picture.
my 2 sats
I don't see this centralization you are seeing and it's actually good that those who hoard now are doing that seeing the big picture.
my 2 sats
April 10, 2021, 01:30:18 AM
@acquafredda. This can be blamed partly because of the monetary supply of bitcoin. It incentivizes hoarding and the early adopters who hoarded them first would have an unfair economic advantage and influence over the newcomers. Hoarding is also causes centralization pressure.
April 09, 2021, 04:17:36 PM
With what he said I think we can all agree that it is possible that the next bear cycle can last in years proving that is what happened to Bitcoin after December 2017 when we have experienced 18+ months long bear season. I know a lot of you will be talking about the new wave of big companies buying in their own Bitcoin but does that make the crypto market immune to a bear season? Of course not big companies and institutional investors have been in the stock market for years now but it doesn't make the stock market immune to any bear season and that is a fact. Simple more money pouring in the market right now will just make Bitcoin's fall a big thing when these companies have locked their sights on profit taking. Lets not be negative or positive about these news but let as simply look at the facts here.
The entry of institutional investors also makes the market very dangerous for small holders. The bitcoin market will become their playground. Similar to how they pumped bitcoin, I speculate that they will also dump bitcoin and tops and bottoms might be bigger with more volatility.
It would be a big problem and this is not sci-fi.
April 09, 2021, 04:25:13 AM
With what he said I think we can all agree that it is possible that the next bear cycle can last in years proving that is what happened to Bitcoin after December 2017 when we have experienced 18+ months long bear season. I know a lot of you will be talking about the new wave of big companies buying in their own Bitcoin but does that make the crypto market immune to a bear season? Of course not big companies and institutional investors have been in the stock market for years now but it doesn't make the stock market immune to any bear season and that is a fact. Simple more money pouring in the market right now will just make Bitcoin's fall a big thing when these companies have locked their sights on profit taking. Lets not be negative or positive about these news but let as simply look at the facts here.
If all of them at once decided to take profits, that would be followed by a big crash in price, that's for sure. But the question is, why would they do that? Isn't taking profits slowly, a piece after piece, more rational? I even suspect they are doing it already, but since they are doing it slowly, they are not crashing the market along the way.
April 08, 2021, 09:27:05 PM
With what he said I think we can all agree that it is possible that the next bear cycle can last in years proving that is what happened to Bitcoin after December 2017 when we have experienced 18+ months long bear season. I know a lot of you will be talking about the new wave of big companies buying in their own Bitcoin but does that make the crypto market immune to a bear season? Of course not big companies and institutional investors have been in the stock market for years now but it doesn't make the stock market immune to any bear season and that is a fact. Simple more money pouring in the market right now will just make Bitcoin's fall a big thing when these companies have locked their sights on profit taking. Lets not be negative or positive about these news but let as simply look at the facts here.
The entry of institutional investors also makes the market very dangerous for small holders. The bitcoin market will become their playground. Similar to how they pumped bitcoin, I speculate that they will also dump bitcoin and tops and bottoms might be bigger with more volatility.
April 07, 2021, 10:11:46 AM
It is funny to see that these Bitcoin haters are getting really desperate. Think about this - they don't want to mention the fact even as per their calculation, the exchange rates are likely to rise to $300,000 (from the current level of $60,000). It is laughable that they are talking about the small correction which can occur after the prices increase by 400%. Ideally the title should be like this: "Bobby Lee claims that Bitcoin will reach $300K soon!"
April 07, 2021, 08:46:25 AM
With what he said I think we can all agree that it is possible that the next bear cycle can last in years proving that is what happened to Bitcoin after December 2017 when we have experienced 18+ months long bear season. I know a lot of you will be talking about the new wave of big companies buying in their own Bitcoin but does that make the crypto market immune to a bear season? Of course not big companies and institutional investors have been in the stock market for years now but it doesn't make the stock market immune to any bear season and that is a fact. Simple more money pouring in the market right now will just make Bitcoin's fall a big thing when these companies have locked their sights on profit taking. Lets not be negative or positive about these news but let as simply look at the facts here.
April 07, 2021, 05:07:34 AM
I kind of get what he is saying. If it does run up that high, how many people are just going to take a massive profit and walk away to retire and not worry about it.
You might (will?) loose a lot of people who are now set for life and not coming back into the game. At that point it takes a while to get more money into it. Especially if you say hit $200k and now it's back to $60k How long will it take for new people to but enough to get the price back up.
Not for nothing at $200k all you are going to see of me is taillights fading into the distance.
-Dave
You might (will?) loose a lot of people who are now set for life and not coming back into the game. At that point it takes a while to get more money into it. Especially if you say hit $200k and now it's back to $60k How long will it take for new people to but enough to get the price back up.
Not for nothing at $200k all you are going to see of me is taillights fading into the distance.
-Dave
It depends on how much potential Bitcoin users is still not in the business. According to various reports , around 100 million people are now using cryptocurrencies. Can we move to a billion users? I think we can, but not overnight, of course, it can take years. ... And then, even if we'll lose 90% of the current users, we can still have more of them than we have today.
April 06, 2021, 01:47:41 PM
If there is going to be a long winter for bitcoin market when it reached the 300k USD point then I think that it is a good thing for many people because it means that it will be an opportunity to buy more bitcoin and accumulate more in the process and considering that bitcoin can bounce back and have its price go higher than it was expected, I think that enduring this winter is going to be fruitful for those who will do so.
At the same time, one circumstance should be taken into account. If bitcoin rises in price to $ 300,000, and then drops very much in price, say, like in 2018 - by 70 percent, then its price will be $ 90,000. This is also a very high price for it. However, how many bitcoin holders will suffer direct material damage. In my opinion, those who want to invest in bitcoin with its next price increase, especially when it picks up a high price again, will be significantly reduced.In addition, with a significant price drop in bitcoin crypto winter may not be. Some altcoins, even in this situation, will be able to develop and grow in value. The situation on the cryptocurrency market is constantly changing. It seems to me that over time, bitcoin's rigid price dominance over altcoins will weaken. The cryptocurrency market will become more and more mature.
April 06, 2021, 02:19:30 AM
Its something that could come to pass for sure but the vast majority of people
done own at least 1 Bitcoin so for them $300k may not be "life changing"
This chart is from last year but it gives an indication of amounts of Bitcoin in
certain wallets
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
Also if people decide to cash out they will have a massive TAX liability and could
loose a big percentage to governments.
and the balance after TAX, where do you put it? in a bank?
done own at least 1 Bitcoin so for them $300k may not be "life changing"
This chart is from last year but it gives an indication of amounts of Bitcoin in
certain wallets
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
Also if people decide to cash out they will have a massive TAX liability and could
loose a big percentage to governments.
and the balance after TAX, where do you put it? in a bank?
April 05, 2021, 05:33:04 PM
I kind of get what he is saying. If it does run up that high, how many people are just going to take a massive profit and walk away to retire and not worry about it.
You might (will?) loose a lot of people who are now set for life and not coming back into the game. At that point it takes a while to get more money into it. Especially if you say hit $200k and now it's back to $60k How long will it take for new people to but enough to get the price back up.
Not for nothing at $200k all you are going to see of me is taillights fading into the distance.
-Dave
You might (will?) loose a lot of people who are now set for life and not coming back into the game. At that point it takes a while to get more money into it. Especially if you say hit $200k and now it's back to $60k How long will it take for new people to but enough to get the price back up.
Not for nothing at $200k all you are going to see of me is taillights fading into the distance.
-Dave
April 05, 2021, 05:23:35 PM
I've been monitoring the price of Bitcoin closely for a while and have tried to see all possible outcomes of the whole crypto-crazy event we're experiencing. I can see Bitcoin rising to that $90,000-$100,000 level, which should happen in the short term at least.
We'll see the price of Bitcoin almost doubling over the next year, and I don't see it falling into any major decline.
It's still a great investment in my opinion.
We'll see the price of Bitcoin almost doubling over the next year, and I don't see it falling into any major decline.
It's still a great investment in my opinion.
Seeing how events are unfolding, I start thinking that we may never see the 'Bitcoin Winter' as we imagined it. After BTC hit $35k, many were predicting a period of correction ahead, and yet we are at $58k+ today.
It's possible that Bobby Lee from the OP is right about "$300,000 in the current bull market", and then BTC may go down to $100k, and stay there for some time, and that would be our 'Bitcoin Winter'.
There have been some others who say the same, there may not be a "Bitcoin Winter" at all.
Just because it happened in 2017 to 2018 doesnt mean it will happen again.
Sure there will be a big correction at $100k and $200k for example but not to the same extent
as before. its a different market now with a greater mix of investors who hopefully see the
power in the future.
April 05, 2021, 09:48:49 AM
No one has got the magic crystal ball needed to predict the future. I feel quite happy knowing that bitcoin will keep runing as it is doing right now, it will surely appreciate in the future given that the world is recognizing some value in it, not just in monetary terms but also at a techlogy and network level.
Therefore, right now, fin by me. If a crypto winter will come, so be it. I will buy more.
Therefore, right now, fin by me. If a crypto winter will come, so be it. I will buy more.
April 05, 2021, 05:38:30 AM
I've been monitoring the price of Bitcoin closely for a while and have tried to see all possible outcomes of the whole crypto-crazy event we're experiencing. I can see Bitcoin rising to that $90,000-$100,000 level, which should happen in the short term at least.
We'll see the price of Bitcoin almost doubling over the next year, and I don't see it falling into any major decline.
It's still a great investment in my opinion.
We'll see the price of Bitcoin almost doubling over the next year, and I don't see it falling into any major decline.
It's still a great investment in my opinion.
Seeing how events are unfolding, I start thinking that we may never see the 'Bitcoin Winter' as we imagined it. After BTC hit $35k, many were predicting a period of correction ahead, and yet we are at $58k+ today.
It's possible that Bobby Lee from the OP is right about "$300,000 in the current bull market", and then BTC may go down to $100k, and stay there for some time, and that would be our 'Bitcoin Winter'.
April 04, 2021, 03:50:40 AM
I've been monitoring the price of Bitcoin closely for a while and have tried to see all possible outcomes of the whole crypto-crazy event we're experiencing. I can see Bitcoin rising to that $90,000-$100,000 level, which should happen in the short term at least.
We'll see the price of Bitcoin almost doubling over the next year, and I don't see it falling into any major decline.
It's still a great investment in my opinion.
We'll see the price of Bitcoin almost doubling over the next year, and I don't see it falling into any major decline.
It's still a great investment in my opinion.
April 03, 2021, 09:22:19 PM
Well, all I can say is that predicting what can happen to Bitcoin is always a risky business. Having the credential to have predicted one trend does not mean that all predictions a person may spew will really happen. How many times has Bitcoin proved its critics and supporters alike? Many, many times. Bitcoin can be a strange beast and although there are certainly historical patterns under its sleeves, there are times when Bitcoin is not following those patterns to the T. Anyway, it is always good to reminded that not all can stay rising - much more a digital asset like Bitcoin which, according to a legendary investor, is producing nothing at all.
March 31, 2021, 05:25:08 AM
~
I am very skeptical. It would take more institutional investors to pump bitcoin to $300k and it would also take those institutional investors to hold bitcoin after the bubble bursts. However, I predict that it will be those institutional investors who bursts the bubble and it will also be some of them that causes a 3 year bitcoin winter because of short selling.
I understand your skepticism. I myself don't think we are going to hit $300k this year, nor do I think that $200k is something we can bet on. I'm just saying that, in my opinion, there will be no "bitcoin winter" lasting for 3 years, like it used to be. If BTC crashes from today's price to some "bottom", it will bounce from there within a year, thanks to some event, and a new ATH will be reached.
March 30, 2021, 04:03:45 AM
I watched a little bit of Bobby Lee before and I actually read some of his quotes from this article but sorry to say, it was a very poor piece. He was like explaining what a crypto winter was, and cycles in Bitcoin, and just looking very amateur with his predictions.
Not saying I could be better than him but you should expect more than moonboi readings from a professional timeslot like this. By the way, 90% price drop from $300,000 means we go the lowest at $30,000. How nice:)
Not saying I could be better than him but you should expect more than moonboi readings from a professional timeslot like this. By the way, 90% price drop from $300,000 means we go the lowest at $30,000. How nice:)
March 29, 2021, 11:51:36 PM
The mainstream media is really funny. I don't know why they concentrate so much on the "Bitcoin Winter" part, when the statement also claims that the exchange rates are going to increase 5-fold to $300,000 per coin in the near future. From what I have seen, the media is getting more and more negative about cryptocurrency nowadays. They always concentrate on the negative part, while ignoring the positives.
March 29, 2021, 07:51:49 PM
~snip~
I totally agree with you, this is just another common bull shit prediction for crypto medias. They have nothing to publish, so they make articles about baseless predictions from half celebrities. Bobby Lee said $300 000 in the same way he could say $3 000 000. Why would BTC increase by x6 times in less than 6 months (summer is in 3 months)? I don't understand.basing or making up presumptions on things that most not likely to happen.
Nothing can predict out the future though but making up some speculations like this make them look like a fool.Just like on what happened with that bastard McAfee?
What happened on that $1M prediction?
On a forum like this though you would normally or continuously seeing these kind of calls thats what i do expect on day to day basis and somewhat already a boring thing to read on.
March 29, 2021, 05:45:28 PM
That was such high prediction but it's like the offer that we see in the supermarkets when they say "as much as" or "as high as".
$100k is coming closely and we're more than half of it already and going with the prediction of $300k, it needs more what I can ever imagine. More investors, more fundamentals needed to happen and adoption.
$100k is coming closely and we're more than half of it already and going with the prediction of $300k, it needs more what I can ever imagine. More investors, more fundamentals needed to happen and adoption.
March 29, 2021, 04:02:38 PM
These guys are making predictions based on what happened to Bitcoin after the ATHs of 2013 and 2017. They fail to take in to account the recent changes in the cryptocurrency market. Back in 2013 and 2017, we had very few institutional investors. Almost all of the investment came from individuals, who were susceptible to panic selling. Also, a lot of the trade volume was consisted of dirty coins (i.e coins from dark markets and hackers). These factors have changed now.
Yes, I agree. We're witnessing a new investor class develop which isn't too concerned with the daily fluctuations of Bitcoin prices.
Existing investors (largely venture capitalists) have been cashing out of Bitcoin a lot, but this new class of investors is looking for long-term exposure to the crypto market. They're less concerned with short-term returns, and more about looking at the large-scale trends in the market.
March 29, 2021, 03:24:22 PM
These guys are making predictions based on what happened to Bitcoin after the ATHs of 2013 and 2017. They fail to take in to account the recent changes in the cryptocurrency market. Back in 2013 and 2017, we had very few institutional investors. Almost all of the investment came from individuals, who were susceptible to panic selling. Also, a lot of the trade volume was consisted of dirty coins (i.e coins from dark markets and hackers). These factors have changed now.
March 28, 2021, 08:11:50 PM
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This is a very interesting one: Bobby lee is not some stupid commentator but someone who predicted earlier than other the huge institutional boost before others did? What do you guys think about his take on a possible forthcoming crypto winter? Is that likely?
This is a very interesting one: Bobby lee is not some stupid commentator but someone who predicted earlier than other the huge institutional boost before others did? What do you guys think about his take on a possible forthcoming crypto winter? Is that likely?
I like his optimistic predictions regrading $300k this summer, but I disagree with the following
“It could go down by quite a bit and that’s when the bubble bursts. In the bitcoin crypto industry, we call it ‘bitcoin winter’ and it can last from two to three years.”
I think all processes around the world are accelerating exponentially these days ( of course I mean social processes, not biological ones). So I predict not more than a year for that 'Bitcoin Winter', and then we are reaching a new ATH. That's what I think.
I am very skeptical. It would take more institutional investors to pump bitcoin to $300k and it would also take those institutional investors to hold bitcoin after the bubble bursts. However, I predict that it will be those institutional investors who bursts the bubble and it will also be some of them that causes a 3 year bitcoin winter because of short selling.
March 28, 2021, 03:17:57 PM
When people talk about fixed price points and fixed price cycles with Bitcoin, I know they do not know what they are talking about. 
We know Bitcoin does not follow specific patterns and it is totally based on open market movement. It is also not a "fad" after 12 years.... like most people seem to think. 
I even doubt if Bitcoin is going to reach $100 000 by the end of this year, because it is not guaranteed like most people are commenting on Social media. They want to use traditional prediction formulas and strategies on a very volatile Currency/Commodity.
As I have said above , Bobby Lee is not the usual nutcracker guy throwing predictions like they are poker cards. I believe he has some institutional sentiment that we miss and which is not available for us. Remember is not only about social media, otherwise we would have been already f*****d. We know Bitcoin does not follow specific patterns and it is totally based on open market movement. It is also not a "fad" after 12 years.... like most people seem to think. I even doubt if Bitcoin is going to reach $100 000 by the end of this year, because it is not guaranteed like most people are commenting on Social media. They want to use traditional prediction formulas and strategies on a very volatile Currency/Commodity.
March 28, 2021, 06:26:36 AM
I dont see how this is something new, just another click bait article. Sure, there wil be winter, every financial market has its cycles , after highs we have period of lows and then again highs. We have seen it crypto market again. The question remains, when the highs will end, what will be the ATH of Bitcoin in this cycle.. The 300k number also seems more like attenition grabber than real target for this cycle.
March 27, 2021, 07:31:39 AM
When people talk about fixed price points and fixed price cycles with Bitcoin, I know they do not know what they are talking about. We know Bitcoin does not follow specific patterns and it is totally based on open market movement. It is also not a "fad" after 12 years.... like most people seem to think.
I even doubt if Bitcoin is going to reach $100 000 by the end of this year, because it is not guaranteed like most people are commenting on Social media. They want to use traditional prediction formulas and strategies on a very volatile Currency/Commodity.
We know Bitcoin does not follow specific patterns and it is totally based on open market movement. It is also not a "fad" after 12 years.... like most people seem to think. I even doubt if Bitcoin is going to reach $100 000 by the end of this year, because it is not guaranteed like most people are commenting on Social media. They want to use traditional prediction formulas and strategies on a very volatile Currency/Commodity.
March 27, 2021, 07:24:05 AM
If there is going to be a long winter for bitcoin market when it reached the 300k USD point then I think that it is a good thing for many people because it means that it will be an opportunity to buy more bitcoin and accumulate more in the process and considering that bitcoin can bounce back and have its price go higher than it was expected, I think that enduring this winter is going to be fruitful for those who will do so.
March 27, 2021, 06:59:34 AM
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This is a very interesting one: Bobby lee is not some stupid commentator but someone who predicted earlier than other the huge institutional boost before others did? What do you guys think about his take on a possible forthcoming crypto winter? Is that likely?
This is a very interesting one: Bobby lee is not some stupid commentator but someone who predicted earlier than other the huge institutional boost before others did? What do you guys think about his take on a possible forthcoming crypto winter? Is that likely?
I like his optimistic predictions regrading $300k this summer, but I disagree with the following
“It could go down by quite a bit and that’s when the bubble bursts. In the bitcoin crypto industry, we call it ‘bitcoin winter’ and it can last from two to three years.”
I think all processes around the world are accelerating exponentially these days ( of course I mean social processes, not biological ones). So I predict not more than a year for that 'Bitcoin Winter', and then we are reaching a new ATH. That's what I think.
I think time frames do compress in some things like this, at least for a while.
Reminds me of "internet time" from the mid-late 1990s though. :-)
*Since many may not be familiar:
https://www.technologyreview.com/2001/04/01/275725/the-myth-of-internet-time/
March 26, 2021, 09:10:49 PM
This is one opinion among thousands of different opinions. Bobby Lee may not be so stupid to just blabber without any basis, but so are the rest of early Bitcoin enthusiasts who may have opposite views.
Crypto winter is no rare occurrence. It's nothing but a bearish season, sometimes it's worse, sometimes it's not. But we need to remind ourselves that bear prices of Bitcoin are getting higher. Gone are the days when we see Bitcoin price bearish at $4,000 or $5,000. We are already at a certain phase where a bear price is still so high at $35,000 or even $50,000.
I also don't agree that a 90% drop of Bitcoin's price is happening.
Are these comments actually different into those common or typical sentiments that we do able to read up almost everyday when it comes to price speculation? This one is really no different into those.Crypto winter is no rare occurrence. It's nothing but a bearish season, sometimes it's worse, sometimes it's not. But we need to remind ourselves that bear prices of Bitcoin are getting higher. Gone are the days when we see Bitcoin price bearish at $4,000 or $5,000. We are already at a certain phase where a bear price is still so high at $35,000 or even $50,000.
I also don't agree that a 90% drop of Bitcoin's price is happening.
Crypto Winter or long bearish season no matter what they do call of it, it wouldnt really matter at all since most people are much aware of these kind of scenarios that could happen into this
market excluding those noobs or who just recently join up this market and arent aware on how this market works.
This one talks about $300k.. Why wouldnt mind on talking about on how we gonna get first to $100k instead? $300k is just too far off for some discussion.
We do even have a hard time on breaking this $60k resistance and now we've been talking about those hundreds.A normal day you do usually read up these kind of sentiments.
March 26, 2021, 07:59:23 PM
This is one opinion among thousands of different opinions. Bobby Lee may not be so stupid to just blabber without any basis, but so are the rest of early Bitcoin enthusiasts who may have opposite views.
Crypto winter is no rare occurrence. It's nothing but a bearish season, sometimes it's worse, sometimes it's not. But we need to remind ourselves that bear prices of Bitcoin are getting higher. Gone are the days when we see Bitcoin price bearish at $4,000 or $5,000. We are already at a certain phase where a bear price is still so high at $35,000 or even $50,000.
I also don't agree that a 90% drop of Bitcoin's price is happening.
Are these comments actually different into those common or typical sentiments that we do able to read up almost everyday when it comes to price speculation? This one is really no different into those.Crypto winter is no rare occurrence. It's nothing but a bearish season, sometimes it's worse, sometimes it's not. But we need to remind ourselves that bear prices of Bitcoin are getting higher. Gone are the days when we see Bitcoin price bearish at $4,000 or $5,000. We are already at a certain phase where a bear price is still so high at $35,000 or even $50,000.
I also don't agree that a 90% drop of Bitcoin's price is happening.
Crypto Winter or long bearish season no matter what they do call of it, it wouldnt really matter at all since most people are much aware of these kind of scenarios that could happen into this
market excluding those noobs or who just recently join up this market and arent aware on how this market works.
This one talks about $300k.. Why wouldnt mind on talking about on how we gonna get first to $100k instead? $300k is just too far off for some discussion.
We do even have a hard time on breaking this $60k resistance and now we've been talking about those hundreds.A normal day you do usually read up these kind of sentiments.
March 26, 2021, 02:05:06 PM
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This is a very interesting one: Bobby lee is not some stupid commentator but someone who predicted earlier than other the huge institutional boost before others did? What do you guys think about his take on a possible forthcoming crypto winter? Is that likely?
This is a very interesting one: Bobby lee is not some stupid commentator but someone who predicted earlier than other the huge institutional boost before others did? What do you guys think about his take on a possible forthcoming crypto winter? Is that likely?
I like his optimistic predictions regrading $300k this summer, but I disagree with the following
“It could go down by quite a bit and that’s when the bubble bursts. In the bitcoin crypto industry, we call it ‘bitcoin winter’ and it can last from two to three years.”
I think all processes around the world are accelerating exponentially these days ( of course I mean social processes, not biological ones). So I predict not more than a year for that 'Bitcoin Winter', and then we are reaching a new ATH. That's what I think.
I think time frames do compress in some things like this, at least for a while.
Reminds me of "internet time" from the mid-late 1990s though. :-)
*Since many may not be familiar:
https://www.technologyreview.com/2001/04/01/275725/the-myth-of-internet-time/
March 26, 2021, 10:42:29 AM
~
This is a very interesting one: Bobby lee is not some stupid commentator but someone who predicted earlier than other the huge institutional boost before others did? What do you guys think about his take on a possible forthcoming crypto winter? Is that likely?
This is a very interesting one: Bobby lee is not some stupid commentator but someone who predicted earlier than other the huge institutional boost before others did? What do you guys think about his take on a possible forthcoming crypto winter? Is that likely?
I like his optimistic predictions regrading $300k this summer, but I disagree with the following
“It could go down by quite a bit and that’s when the bubble bursts. In the bitcoin crypto industry, we call it ‘bitcoin winter’ and it can last from two to three years.”
I think all processes around the world are accelerating exponentially these days ( of course I mean social processes, not biological ones). So I predict not more than a year for that 'Bitcoin Winter', and then we are reaching a new ATH. That's what I think.
March 24, 2021, 04:44:50 PM
After Tesla news today I would not be surprised by anything more: the guy is setting a new standard which could revolutionize the world out there. Cutting the banking middleman out of the payment flow is an act of war! Do you see what that means?
Anyway, the next crypto winter will be different, like the next 24 hrs are always critical.
Anyway, the next crypto winter will be different, like the next 24 hrs are always critical.
March 24, 2021, 07:21:53 AM
This bull run isn't "a big one" if we talk purely about percentages the market has moved this year vs the other 4-year cycles.
I think we need a "crypto winter" at one point. One thing is for sure: this price run cannot last forever. And times like 2014-2015 I believe are very healthy after extraordinary bull runs. But I'm not sure the guy is right.. after all, there's no crystal ball properly and accurately predicting the market's future. What happens in the futute depends completely on the conditions the market will be in at the time..
I think we need a "crypto winter" at one point. One thing is for sure: this price run cannot last forever. And times like 2014-2015 I believe are very healthy after extraordinary bull runs. But I'm not sure the guy is right.. after all, there's no crystal ball properly and accurately predicting the market's future. What happens in the futute depends completely on the conditions the market will be in at the time..
March 24, 2021, 06:36:30 AM
He might be right. Or not.
Every time is different. Now you have corporate use really starting with MSTR, Tesla, etc being just the tip of the iceberg. With taproot, tapscript etc you have plenty of new use cases coming in defi etc. Speedy trial to activate is bullish in the fiat market. With large uses coming online and lessened new supply the trajectory is up. With corporations buying hundreds of millions of dollars at a time vs individuals buying thousands of dollars the economics has changed.
I'll tell you in 2025 whether the newbie was right though.
Every time is different. Now you have corporate use really starting with MSTR, Tesla, etc being just the tip of the iceberg. With taproot, tapscript etc you have plenty of new use cases coming in defi etc. Speedy trial to activate is bullish in the fiat market. With large uses coming online and lessened new supply the trajectory is up. With corporations buying hundreds of millions of dollars at a time vs individuals buying thousands of dollars the economics has changed.
I'll tell you in 2025 whether the newbie was right though.
March 23, 2021, 09:54:53 PM
This is one opinion among thousands of different opinions. Bobby Lee may not be so stupid to just blabber without any basis, but so are the rest of early Bitcoin enthusiasts who may have opposite views.
Crypto winter is no rare occurrence. It's nothing but a bearish season, sometimes it's worse, sometimes it's not. But we need to remind ourselves that bear prices of Bitcoin are getting higher. Gone are the days when we see Bitcoin price bearish at $4,000 or $5,000. We are already at a certain phase where a bear price is still so high at $35,000 or even $50,000.
I also don't agree that a 90% drop of Bitcoin's price is happening.
Crypto winter is no rare occurrence. It's nothing but a bearish season, sometimes it's worse, sometimes it's not. But we need to remind ourselves that bear prices of Bitcoin are getting higher. Gone are the days when we see Bitcoin price bearish at $4,000 or $5,000. We are already at a certain phase where a bear price is still so high at $35,000 or even $50,000.
I also don't agree that a 90% drop of Bitcoin's price is happening.
March 23, 2021, 05:00:30 PM
Quote
Despite predicting that Bitcoin price will rise to $300,000 in the current bull market, Bobby Lee, founder of BTCC exchange, believes that crypto markets could spend years in decline after the market reaches its peak.
What Happened: “Bitcoin bull market cycles come every four years and this is a big one,” said Lee who co-founded UK-based cryptocurrency exchange BTCC in an interview with CNBC earlier today.
According to him, the market-leading cryptocurrency is likely to reach $100,000 this summer and may even reach $300,000 if historical cycles were to repeat.
What Happened: “Bitcoin bull market cycles come every four years and this is a big one,” said Lee who co-founded UK-based cryptocurrency exchange BTCC in an interview with CNBC earlier today.
According to him, the market-leading cryptocurrency is likely to reach $100,000 this summer and may even reach $300,000 if historical cycles were to repeat.
https://finance.yahoo.com/news/bitcoin-winter-could-last-years-171101499.html
This is a very interesting one: Bobby lee is not some stupid commentator but someone who predicted earlier than other the huge institutional boost before others did? What do you guys think about his take on a possible forthcoming crypto winter? Is that likely?
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