Barry Silbert Reveals 10 Bitcoin Predictions for 2017

davis196

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Quote from: tyz on October 29, 2016, 06:54:16 AM

Expect 2017 to be a very good year for Bitcoin’s price. That’s according to prominent Bitcoin investor Barry Silbert, who shared his ten predictions for the upcomming year.

1. Bitcoin price on 12/31/2017 will be “higher”

2. Micropayment models materialize

3. First >$50 mm M&A transaction

4. SEC comes down hard on ICOs

5. Identity solution competition heats up…but no leader emerges

6. Explosion of blockchain POCs focusing on supply chain

7. Exponential Bitcoin transaction growth in India, Japan & Middle East

8. Cross border payments/remittances using Bitcoin will hit $1 billion run rate

9. Bitcoin becomes more accessible to retail and institutional investors via ETF(s)

10. Bitcoin as a store-of-value reemerges as a key theme

Read full list and explanations

I don`t understand the first prediction.

What does he mean by "higher" price?The price can be higher with 1$ or

higher with 500$....

I can make the same prediction. Grin

bitebits

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Quote from: Wind_FURY on October 30, 2016, 08:30:38 PM

Quote from: tyz on October 29, 2016, 06:54:16 AM

10. Bitcoin as a store-of-value reemerges as a key theme

This will happen when people in the ~~Bitcoin~~ world realize that inflation of fiat currencies will happen sooner or later. In the back of people's minds Bitcoin has always been a store of value. Just look at how they treat it, they hardly spend anything using BTC and most of it goes to cold storage.

FTFY. As soon as someone gets Bitcoin, they tend to save it. Like opposite to fiat.

I give away some bits now and then, encouraging people to use and experience Bitcoin. But they all consider it as an investment, especially when they see the fiat value rising. It is often the only 'investment' they have, and the threshold to get some gets lower by the day.

tyz

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I am wondering when and where you have released those predictions that the SEC comes down hard on ICOs or explosion of blockchain POCs focusing on supply chain. Can not believe. Tell me and I will post your predictions instead of Barry's ones next time

Quote from: pooya87 on October 29, 2016, 11:51:48 PM

this is no surprise to me at all. i have had all these predictions long before Barry or others revealed theirs. it is also too late for predicting and all that stuff. bitcoin has already been going up and if anybody has not bought it yet, they have lost too many opportunities already.
predictions are only good if they come a while before the rise

Milkduds

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Number 5 really worries me and I could see businesses pushing this down the masses throat in order to comply.
Just gauging off responses to some topics,its pretty clear people are willing to assimilate bitcoin for a higher price.
If I have to connect my identity to bitcoin it really serves no purpose for me as there is a reason I enjoy the privacy it offers.
Why can't these people find a different lane to pursue this idea with,instead of hijacking a established coin!

Mokuton

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Barry Shillbert will pump bitcoin! Ya!

DimensionZ

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Quote

1. Bitcoin price on 12/31/2017 will be “higher”

Okay that would be great but he hasn't mentioned what exactly the price would be higher than at next year's Christmas. Is it going to be higher than this year's Christmas value or is it going to be higher than the all time high value of $1250? I hope he means the latter Cheesy

AGD

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At least Silbert is trying to look smart behind this glassboard, wait ... where did I see that before?! Ah yes:

Compare:

Wind_FURY

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Quote from: tyz on October 29, 2016, 06:54:16 AM

10. Bitcoin as a store-of-value reemerges as a key theme

This will happen when people in the Bitcoin world realize that inflation of fiat currencies will happen sooner or later. In the back of people's minds Bitcoin has always been a store of value. Just look at how they treat it, they hardly spend anything using BTC and most of it goes to cold storage.

Doamader

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The one i do believe that its very important its the change of the current situation of bitcoin, that isnt recognized neither an option investment like gold, soo the big fact that bitcoin may change its current status of risked and decentralized into store-of-value.

OROBTC

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Quote from: U2 on October 30, 2016, 12:10:51 PM

Lol wow all of those are so useless. I predict that the price will be ±50% of where it is now and that some countries in ... oh let's say Europe will use bitcoins more. Not saying which ones, but you know the ones. (After I find out that Belgium is up 17% bitcoin users I'll say I was right).

Mmm-hmm. Yes, the predictions leave plenty of wiggle-room for him: it will be easy for him to say he was "right".

For me the value of reading such predictions from people who know more than I do is for the ideas... To look at his imagination, to use your own, and then to decide for yourself.

My guess is that BTC will go up in its usual violently volatile way. The prospects are good for BTC, barring some kind of fatal flaw. Chinese investors sure like BTC.

LFC_Bitcoin

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Let's hope Barry is proven right with the majority of those predictions. We'll all be sitting pretty financially if so.

Greenenergy

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Most of those predictions are not understandable for someone that is not a professional of economy as me.

U2

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I used to be indecisive, but now I'm not sure...

Lol wow all of those are so useless. I predict that the price will be ±50% of where it is now and that some countries in ... oh let's say Europe will use bitcoins more. Not saying which ones, but you know the ones. (After I find out that Belgium is up 17% bitcoin users I'll say I was right).

Hazir

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Quote from: tyz on October 29, 2016, 06:54:16 AM

Expect 2017 to be a very good year for Bitcoin’s price. That’s according to prominent Bitcoin investor Barry Silbert, who shared his ten predictions for the upcomming year.

1. Bitcoin price on 12/31/2017 will be “higher”

2. Micropayment models materialize

3. First >$50 mm M&A transaction

4. SEC comes down hard on ICOs

5. Identity solution competition heats up…but no leader emerges

6. Explosion of blockchain POCs focusing on supply chain

7. Exponential Bitcoin transaction growth in India, Japan & Middle East

8. Cross border payments/remittances using Bitcoin will hit $1 billion run rate

9. Bitcoin becomes more accessible to retail and institutional investors via ETF(s)

10. Bitcoin as a store-of-value reemerges as a key theme

Read full list and explanations

1. Amazing prediction, bitcoin price will be higher. Genius.
2. Actually micro payment with bitcoin might be a bit troublesome - it is hard when you need to send 20 cents and half of it might be used as transaction fee.
3. We will see about that.
4. At least! I would really like that to happen. ICO project need to be evaluated in a deeply manner.
7. True. Especially Indian market looks really promising.
8. Bitcoin is not magical remittance solution.

BitcoinHodler

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Quote from: Capradina on October 30, 2016, 09:42:58 AM

Quote from: BitcoinHodler on October 30, 2016, 09:30:48 AM

Quote from: tyz on October 29, 2016, 06:54:16 AM

-snip-

it seems like whenever bitcoin is staring to rise and be more popular, everybody is also becoming a bitcoin expert and they start speculating about it.

don't get me wrong it is good to see all these positive speculation about bitcoin in public and in this size but it is just funny how they are silent when price is still low and stable Cheesy

That is certainly true. But what is bad is if they are doing the speculation or give an opinion about the growth of the bitcoin..?? . This is not a matter of how they are to be a chameleon, but it's a matter of how we best contributing when bitcoin experiencing growth is good enough. because by the time the run bitcoin it will be very easy for us to give the best contribution so that the higher your bitcoin

what i meant to say was the only thing that i find interesting about these kinds of speculation that come at these particular point in time. these People like Barry Silbert usually do speculation like this when they see bitcoin is rising and they are sure about it.

it would have mattered to me if i heard this speculation back when price was struggling to break $600 not after it has broken $700 Cheesy

Shiroslullaby

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I think the SEC looking into ICOs and exchanges is a sign that Bitcoin is really heating up.
Government bodies and regulators are starting to realize that crypto coins aren't just a bunch of kids messing around on the internet,
and that there is a lot of money being made here.

Whether more regulations are a good thing or a bad thing is a topic to discuss for sure.

Capradina

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Quote from: BitcoinHodler on October 30, 2016, 09:30:48 AM

Quote from: tyz on October 29, 2016, 06:54:16 AM

Expect 2017 to be a very good year for Bitcoin’s price. That’s according to prominent Bitcoin investor Barry Silbert, who shared his ten predictions for the upcomming year.

1. Bitcoin price on 12/31/2017 will be “higher”

2. Micropayment models materialize

3. First >$50 mm M&A transaction

4. SEC comes down hard on ICOs

5. Identity solution competition heats up…but no leader emerges

6. Explosion of blockchain POCs focusing on supply chain

7. Exponential Bitcoin transaction growth in India, Japan & Middle East

8. Cross border payments/remittances using Bitcoin will hit $1 billion run rate

9. Bitcoin becomes more accessible to retail and institutional investors via ETF(s)

10. Bitcoin as a store-of-value reemerges as a key theme

Read full list and explanations

it seems like whenever bitcoin is staring to rise and be more popular, everybody is also becoming a bitcoin expert and they start speculating about it.

don't get me wrong it is good to see all these positive speculation about bitcoin in public and in this size but it is just funny how they are silent when price is still low and stable Cheesy

That is certainly true. But what is bad is if they are doing the speculation or give an opinion about the growth of the bitcoin..?? . This is not a matter of how they are to be a chameleon, but it's a matter of how we best contributing when bitcoin experiencing growth is good enough. because by the time the run bitcoin it will be very easy for us to give the best contribution so that the higher your bitcoin

BitcoinHodler

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HODLing is an art, not just a word...

Quote from: tyz on October 29, 2016, 06:54:16 AM

Expect 2017 to be a very good year for Bitcoin’s price. That’s according to prominent Bitcoin investor Barry Silbert, who shared his ten predictions for the upcomming year.

1. Bitcoin price on 12/31/2017 will be “higher”

2. Micropayment models materialize

3. First >$50 mm M&A transaction

4. SEC comes down hard on ICOs

5. Identity solution competition heats up…but no leader emerges

6. Explosion of blockchain POCs focusing on supply chain

7. Exponential Bitcoin transaction growth in India, Japan & Middle East

8. Cross border payments/remittances using Bitcoin will hit $1 billion run rate

9. Bitcoin becomes more accessible to retail and institutional investors via ETF(s)

10. Bitcoin as a store-of-value reemerges as a key theme

Read full list and explanations

it seems like whenever bitcoin is staring to rise and be more popular, everybody is also becoming a bitcoin expert and they start speculating about it.

don't get me wrong it is good to see all these positive speculation about bitcoin in public and in this size but it is just funny how they are silent when price is still low and stable Cheesy

clickerz

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Quote from: Denker on October 29, 2016, 07:02:50 AM

I would especially be interested in point 4! Hopefully they will have a very close look on the DAO!
About the ETFs I don't know. Still possible that for instance the COIN ETF by Winkle Bros gets rejected!
All the other points are more obvious to me if you follow the news on a regular basis.Nothing special about that Shillbert naming it.

Quote

4. SEC comes down hard on ICOs

I agree, since there are many ICO's out there that has no clear platform and disappear with thousands of Bitcoins or more after the release.This is a good thing when SEC comes in, but it means also to regulate bitcoin?

raven7886

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The points, Barry Silbert made appear realistic to some extent but I guess that bitcoin transaction across borders should be more than 1 billion dollar in the year 2017 because even the current transaction should be somewhere around that amount. Over all, upcoming years are going to be very interesting, main stream of adoption might find a right path in mean times.

Topic: Barry Silbert Reveals 10 Bitcoin Predictions for 2017 (Read 1192 times)