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Topic: $25,000 to $50,000 prediciton in CNBC - page 2. (Read 1305 times)

sr. member
Activity: 401
Merit: 250
Presale is live!
August 10, 2017, 09:06:30 AM
#13
I really don't mind even if they are speculating bitcoin prices. It is free advertisement as other friends said. Maybe it is better for overall trust.
hero member
Activity: 2632
Merit: 833
August 10, 2017, 08:40:41 AM
#12
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.
legendary
Activity: 1442
Merit: 1016
August 10, 2017, 08:31:03 AM
#11
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?

That is no manipulation at all. Everyone is free to make their own predictions. If they give you the opportunity to go on live television and they ask you for an honest prediction for the next years, you can say whatever price you want, that's not manipulation, it's just an estimate, and I think it's pretty good. $50,000 to $100,000 is what my calculations tell me the price of BTC will be in around 2030 when the coins that get into the system are really low, and sidechains and lightning network payment will be at full steam by then allowing for everyone on the planet to transact in BTC.

I think you're pretty conservative here. Don't get me wrong I like that kind of behaviour. Better not expect too much too fast so you won't be disappointed or impatient.
However I believe $50k at least could be reached way earlier. 2025, one year after the 4th halving this could be a realistic outcome imo.
And it's not just the gold market where money could flow into Bitcoin from. Offshore tax and wealth haven accounts, real estate, bonds and stocks market, derivatives, remittance market etc.

http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/

Furthermore Bitcoin and whatever will be build on top of it and beside it via sidechains etc. will create completely new use cases and create new wealth we may not even be able to imagine right now.
All what Bitcoin has to do is to survive!

sr. member
Activity: 364
Merit: 250
August 10, 2017, 08:24:35 AM
#10
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.
hero member
Activity: 1708
Merit: 606
Buy The F*cking Dip
August 10, 2017, 08:00:30 AM
#9
Well, this is to be expected. The mainstream media will slowly catch up to what's happening with the cryptoworld especially when the price of BTC increases every month/year. I think, this will bring more positive exposure for bitcoin, I guess?  Roll Eyes . . More people will be curious about what BTC is and will hopefully, bring more money to cryptospace. The prediction is not out of the horizon in terms of future BTC price but we need more time to get there.
sr. member
Activity: 434
Merit: 251
physics, mathematics and engineering
August 10, 2017, 07:45:27 AM
#8
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?

Well I hope that BTC will rise more and more and then get´s unstoppable, and therefore I think a "manipulation by the news" is not really a manipulation in this case, it´s more like influence. There is no centralized organisation behind BTC and so there are no sponsored ad´s or something, this is why I appreciate everything bitcoinrelated from the news.
legendary
Activity: 1862
Merit: 1004
August 10, 2017, 07:44:03 AM
#7
Now they just need to learn how 99.99% of altcoins are shitcoins.
I share your opinion, but what will happen if future will correct our expectations, and bitcoin will be pushed into oblivion by some new predatory altcoin.
As you said 99.99% altcoins are shitcoins, but what will happen when we will encounter this 00.01%? It might be the end of our dream of Bitcoin dominance.
Plus, I don't believe that bitcoin's price will rise to $20k+ without major adoption happening in the meantime (maybe India will accept BTC?).
legendary
Activity: 2170
Merit: 1427
August 10, 2017, 07:17:51 AM
#6
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.
legendary
Activity: 1848
Merit: 1000
August 10, 2017, 07:17:39 AM
#5
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.

Cryptocurrencies are exactly like the early internet stocks before the dot-com bubble.
After the crypto bubble bursts,the only two currencies that will survive will be bitcoin and ethereum.
All the other "shitcoins" will be gone.
It`s good that bitcoin gets recognition on CNBC,we need more "free advertising" for btc. Grin
That woman doesn`t know that much about the blockchain and segwit,i guess.

I think we will see a few more than just bitcoin and ethereum, I have been a fan of XEM which is I think a better proposal than ethereum.

A lot of the fat will be trimmed once crypto really gets mainstream and we will end up with a handful of decent coins / platforms and I agree a lot of the useless coins which there are at least 700+ of right now will eventually die off.
legendary
Activity: 1610
Merit: 1183
August 10, 2017, 07:11:42 AM
#4
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?

That is no manipulation at all. Everyone is free to make their own predictions. If they give you the opportunity to go on live television and they ask you for an honest prediction for the next years, you can say whatever price you want, that's not manipulation, it's just an estimate, and I think it's pretty good. $50,000 to $100,000 is what my calculations tell me the price of BTC will be in around 2030 when the coins that get into the system are really low, and sidechains and lightning network payment will be at full steam by then allowing for everyone on the planet to transact in BTC.
hero member
Activity: 3164
Merit: 937
August 10, 2017, 07:06:19 AM
#3
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.

Cryptocurrencies are exactly like the early internet stocks before the dot-com bubble.
After the crypto bubble bursts,the only two currencies that will survive will be bitcoin and ethereum.
All the other "shitcoins" will be gone.
It`s good that bitcoin gets recognition on CNBC,we need more "free advertising" for btc. Grin
That woman doesn`t know that much about the blockchain and segwit,i guess.
hero member
Activity: 504
Merit: 512
August 10, 2017, 07:02:07 AM
#2
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?
legendary
Activity: 1204
Merit: 1028
August 10, 2017, 06:41:14 AM
#1
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.
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