$25,000 to $50,000 prediciton in CNBC

wxa7115

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Quote from: BurstIncomeAsset on August 10, 2017, 07:02:07 AM

Bitcoin price rises->everyone talks about the problems of BTC and the risks and how criminals use Bitcoin etc...
Bitcoin on the rise-> bullish previsions of Bitcoin going to 10k/50k/1M etc.

Bitcoin is being manipulated by the news as the other markets. Bullish?

If that is true we can at least use this in our favor, when there were only bad news we could do nothing but to hold tight, but now that the predictions are good we can take advantage of this since I think we are getting close to the day the average person decides to invest in bitcoin and when that happens we will make a lot of money.

Slow death

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Each person decided to make his prediction. I will also make my prediction: in 2021 bitcoin will be more than $10.000

Quote from: BillyBobZorton on August 10, 2017, 06:41:14 AM

Now they just need to learn how 99.99% of altcoins are shitcoins.

Why do you think that?

Has many altcoin with real application

Cassandre

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CNBC is the TV that sees Russian everywhere ? If so do not listen to them, they are FUD master. Elsewhere, sorry to them. But in any case, that is still more free publicity for Bitcoin.

Denker

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Quote from: Basmic on August 11, 2017, 07:45:13 AM

Now bitcoin is rising in price amid hopes of people to make a profit, but things can change. I still do not see the growth of the trade with bitcoin. He still didn't become a full-fledged currency and that for me is a bad signal. I would not be surprised if we see a price drop.

Bitcoin will not be a currency for a very very long time!! And it doesn't have to. Right now and for the next coming years it will function as digital gold and as a safe haven asset mostly with huge upside potential due to it's scarcity and deflationary nature!
And of course it will drop sooner or later. You can't just have bull runs. There will be bear markets again as well. However I don't believe it will be another 22 months like after the MT. GOX desaster.
We are still very early and everything is possible, either going down to zero or up to hundreds of thousands or even millions USD in today's purchasing power!! Timeframe will be 10-15 years from now on!!

YuginKadoya

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Quote from: Basmic on August 11, 2017, 07:45:13 AM

Now bitcoin is rising in price amid hopes of people to make a profit, but things can change. I still do not see the growth of the trade with bitcoin. He still didn't become a full-fledged currency and that for me is a bad signal. I would not be surprised if we see a price drop.

Is it still a good thing to be unpredictable? I think that the way it works, bitcoin will always become like this in terms of other currency because you will really know that nothing bad will happen with fiat currency, if it does, you will know that the economic crisis is from that country and not about the currency well I think it is OK to say that bitcoin is asset rather than a currency.

Basmic

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Now bitcoin is rising in price amid hopes of people to make a profit, but things can change. I still do not see the growth of the trade with bitcoin. He still didn't become a full-fledged currency and that for me is a bad signal. I would not be surprised if we see a price drop.

serjent05

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Quote from: ngocbkcse on August 11, 2017, 12:06:20 AM

Who knows how high it could go. It's the great Bitcoin mystery. I think Bitcoin has the potential to hit $25,000 a coin in the next couple years.

Indeed, there are even an early prediction about bitcoin reaching $100,000 and another person think that it can reach as high as $1m a piece. Though I would like bitcoin to reach that price, it is seems impossible if you look at bitcoins current state. There are still lots of doubt about bitcoins and the scaling issue is yet to be solved, we are just on the process of patching the solution. If there is a chance for bitcoin to be around $25k to $50k, I agree that it would take years before that thing happen.

Carlsen

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I think that exactly this kind of reporting is the reason why bitcoin price will reach the mentioned levels.
The more people hear about it, the harder they believe that bitcoin will grow to 25K.
They think it's cheap under that level, so they buy. I'm really looking farward to see wher this will bring us!

ngocbkcse

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Who knows how high it could go. It's the great Bitcoin mystery. I think Bitcoin has the potential to hit $25,000 a coin in the next couple years.

Harriti

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Quote from: shinratensei_ on August 10, 2017, 05:42:26 PM

Quote from: BillyBobZorton on August 10, 2017, 06:41:14 AM

Now they just need to learn how 99.99% of altcoins are shitcoins.

Not at all, because of some people just a winner in altcoin to made quick bucks. Like what was happening with omisego token and friends (NEO, Stroje, and others).
Glad to see the more mainstream media try to pay attention for bitcoin.
$50,000 sounds incredible. Cheesy

Buy the rumor and sell the news Roll Eyes

. I think me will starting selling Bitcoin before the price of it breakdown bubble growth created by the FOMO on market. When have many good news about cryptocurrency, this is best time for take profit, this is my strategy.

AbsoluteT

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lol funny how much there tone change about bitcoin I don't trust there judgment but it will obviously eventually raise to 50k

They just happen to be right this one time

iamTom123

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Quote from: BurstIncomeAsset on August 10, 2017, 07:02:07 AM

Bitcoin price rises->everyone talks about the problems of BTC and the risks and how criminals use Bitcoin etc...
Bitcoin on the rise-> bullish previsions of Bitcoin going to 10k/50k/1M etc. Bitcoin is being manipulated by the news as the other markets. Bullish?

We should understand that this is the same pattern of treatment that mainstream media has been doing to anything that is new. At first they will doubt it, laugh at it and sometimes deride it but when something will stick for long then they will start to evaluate with some seriousness and can come up with some praise and then later they will even join it and stop fighting it.

I am sure that from now on, media would be looking at Bitcoin from another angle. There would be warnings of possible bubble to burst whenever there would be some dips but they will realize eventually that Bitcoin is a different animal in the world of investments and making money online.

shinratensei_

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Quote from: BillyBobZorton on August 10, 2017, 06:41:14 AM

Now they just need to learn how 99.99% of altcoins are shitcoins.

Not at all, because of some people just a winner in altcoin to made quick bucks. Like what was happening with omisego token and friends (NEO, Stroje, and others).
Glad to see the more mainstream media try to pay attention for bitcoin.
$50,000 sounds incredible. Cheesy

eaLiTy

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I am hearing these sort of dream valuation for a very long time,statistically and logically thinking it should be the right price with the amount of users increasing in bitcoin with every year and the number of countries trying to tax bitcoin in the name of legalizing it so that they could earn the profits made by the citizens, these things could have a bigger impact in the price ,but still not sure about $25 k .

§

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Quote from: pereira4 on August 10, 2017, 02:07:13 PM

Quote from: mobnepal on August 10, 2017, 11:41:30 AM

Quote from: BillyBobZorton on August 10, 2017, 06:41:14 AM

Now they just need to learn how 99.99% of altcoins are shitcoins.

I think we can say only 90% of altcoins are shitcoins because some of the cryptos like ethereum, waves, lisk are offering something which bitcoin can't offer and they also have real life use cases. Thats why they are also pumping hard just like bitcoin and I think investing in multiple alts like these ones is better than investing in just one alt or bitcoin. Wink

Not anymore. With sidechains, Bitcoin can do everything that most altcoins can do, including Ethereum. With Rootstock you can do everything that Ethereum deliver, smart contracts, ICOs, tokens etc, as far as I know.

Also Ethereum is a scam as far as im concerned, the way the coins were distributed is so dodgy. Developers control most of the supply. That should raise alarms already about scammy products.

Just because bitcoin can do the same thing or implements new features like smart contracts in the future, doesn't mean everyone will flock to bitcoin or remain only strictly bitcoin.

pereira4

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Quote from: mobnepal on August 10, 2017, 11:41:30 AM

Quote from: BillyBobZorton on August 10, 2017, 06:41:14 AM

Now they just need to learn how 99.99% of altcoins are shitcoins.

I think we can say only 90% of altcoins are shitcoins because some of the cryptos like ethereum, waves, lisk are offering something which bitcoin can't offer and they also have real life use cases. Thats why they are also pumping hard just like bitcoin and I think investing in multiple alts like these ones is better than investing in just one alt or bitcoin. Wink

Not anymore. With sidechains, Bitcoin can do everything that most altcoins can do, including Ethereum. With Rootstock you can do everything that Ethereum deliver, smart contracts, ICOs, tokens etc, as far as I know.

Also Ethereum is a scam as far as im concerned, the way the coins were distributed is so dodgy. Developers control most of the supply. That should raise alarms already about scammy products.

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Quote from: 1Referee on August 10, 2017, 07:17:51 AM

I have been noticing a positive sentiment change amongst most of the main stream (local and non local) news sources. It wasn't all that long ago where they were reporting about Bitcoin only in cases of idiots demanding ransom in Bitcoins, people using Bitcoin to buy drugs from deep web markets, people buying weapons with Bitcoin, large scale money laundering, etc. I find it already a top achievement that they are letting this go and start looking at Bitcoin from a different, mainly less negative, perspective. Regarding altcoins, I don't see this as something that concerns me - people have the freedom to invest into whatever they want. In some cases people are genuinely interested in the features certain altcoins offer, or better said, what inconveniences they solve that Bitcoin doesn't solve, and not necessarily in the speculative aspect. But as you also pointed out, these projects account for an extremely low percentage of the altcoin market, the rest is pure trash.

It's because they're seeing the continual price rises and want to be part of it. I bet some of them wish they'd bought last year instead of rubbishing it for being criminal.

mobnepal

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Quote from: BillyBobZorton on August 10, 2017, 06:41:14 AM

Now they just need to learn how 99.99% of altcoins are shitcoins.

I think we can say only 90% of altcoins are shitcoins because some of the cryptos like ethereum, waves, lisk are offering something which bitcoin can't offer and they also have real life use cases. Thats why they are also pumping hard just like bitcoin and I think investing in multiple alts like these ones is better than investing in just one alt or bitcoin. Wink

BrewMaster

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Quote from: BurstIncomeAsset on August 10, 2017, 07:02:07 AM

Bitcoin price rises->everyone talks about the problems of BTC and the risks and how criminals use Bitcoin etc...
Bitcoin on the rise-> bullish previsions of Bitcoin going to 10k/50k/1M etc.

Bitcoin is being manipulated by the news as the other markets. Bullish?

different speculations (or better say opinions) are always available everywhere. some are more right that others, some are just bullshit, some have hidden agenda, ... you have to look at all of it as information and then form your own opinion about bitcoin price.

BillyBobZorton

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Quote from: TravelMug on August 10, 2017, 08:40:41 AM

Quote from: jc89 on August 10, 2017, 08:24:35 AM

Quote from: BillyBobZorton on August 10, 2017, 06:41:14 AM

https://www.cnbc.com/video/2017/08/09/this-is-why-bitcoin-could-be-the-new-gold-tom-lee.html

Good video with some good bullish predictions in national american TV.. it looks like all these boomers are catching up slowly. That woman say that she owns several cryptos because she thinks it will be like the early internet stocks, and she doesnt know if bitcoin will be the one that wins.

Now they just need to learn how 99.99% of altcoins are shitcoins.

They are exaggerating the news regarding bitcoin. This is a good strategy for them since more and more people will be aware and since they have btc it is actually a good move. Especially people nowadays are gullible when it involves money. If you mention great profit, people will jump on without understanding what they are getting themselves into. All for the money, that's it all really is.

Again, this mainstream media specially CNBC are just riding the popularity of bitcoin now. They even have a market analyst that tackles all about bitcoin and making exaggerated predictions about it. Well they have their every right to predict, but why now? Last year we never heard anything positive about the market and now they self proclaimed fortune tellers on where the movement of price of bitcoin will be. I guess publicity is good for us whether is positive or negative so just ride on.

But you guys got to realize this: Back then, mainstream media was pumping BTC to $3000, and a lot of people said "that is ridiculous, it will never happen" or at least not anytime soon. And here we are at almost $3500 and growing. So the thing is, what appears now an impossible, can become possible, and it may seem a bit ridiculous specially in the words of mainstream media, but if you do the numbers, $10,000 to $50,000 is very doable in these timeframes. Just consider what's coming after segwit. We are looking at a potential trillion dollar marketcap after all that technology is deployed.

Topic: $25,000 to $50,000 prediciton in CNBC (Read 1304 times)