$250k in 4 years by now is too much but I won't complain if it becomes a reality, trust me :p
But theory and practice are different. It's still a speculation and it will stay until proven. No idea why people don't call me Bitcoin analyst expert when I make such claims
Topic: Billionaire Tim Draper Stands By Bullish $250,000 Bitcoin Price Target For 2022 - page 2. (Read 442 times)
September 22, 2018, 11:42:15 AM
September 22, 2018, 10:02:16 AM
this sounds impossible, tom lee said the price of bitcoin will reach $ 50k by the end of this year but the predictions made do not seem to happen. moreover now the bear market is still ongoing. honestly from that time alone no longer believe in predictions.
September 22, 2018, 07:37:46 AM
It's definitely doable. Remember that when people were calling $3k when we were at $1k, they were saying that was too optimistic. Next thing you know, we ended up at $20k by the end of the year against all odds.
People just don't realize that bitcoin is extremely tiny. It's just crazy how one single guy owns more than the entire marketcap (Jeff Bezos), this puts things into perspective. For a global world reserve currency anything but several trillions, at least similar to gold, it's just insanely undervalued, but people aren't wired to deal with big price increments, they will always think in linear terms and they will calling people that buy the dip lucky when it goes to the moon time after time.
People just don't realize that bitcoin is extremely tiny. It's just crazy how one single guy owns more than the entire marketcap (Jeff Bezos), this puts things into perspective. For a global world reserve currency anything but several trillions, at least similar to gold, it's just insanely undervalued, but people aren't wired to deal with big price increments, they will always think in linear terms and they will calling people that buy the dip lucky when it goes to the moon time after time.
September 22, 2018, 06:38:44 AM
3 years hmm
$6k to $250k.. hmm
math time
if bitcoin is to stay at $6 this year
it only needs to *3.46681 each year
end of 2018 $6000
end of 2019 $20800.86
end of 2020 $72112.63
end of 2021 $250000.79
i think a ~3.466x price increase is normal, healthy and achievable after all if we done the same number historically
EG
lets take a conservative low of 2012 of just $3.50 and then yearly *3.466 it
2021: $252,653.36
2020: $72,894.79
2019: $21,031.39
2018: $6,067.91
2017: $1,750.70
2016: $505.11
2015: $145.73
2014: $42.05
2013: $12.13
2012: $3.50
seems to play out alright (ignoring the volitile wobbles of a few ATH and just thinking of the lows of the years.)
so id say its a healthy estimate for a sustainable LOW value increase
$6k to $250k.. hmm
math time
if bitcoin is to stay at $6 this year
it only needs to *3.46681 each year
end of 2018 $6000
end of 2019 $20800.86
end of 2020 $72112.63
end of 2021 $250000.79
i think a ~3.466x price increase is normal, healthy and achievable after all if we done the same number historically
EG
lets take a conservative low of 2012 of just $3.50 and then yearly *3.466 it
2021: $252,653.36
2020: $72,894.79
2019: $21,031.39
2018: $6,067.91
2017: $1,750.70
2016: $505.11
2015: $145.73
2014: $42.05
2013: $12.13
2012: $3.50
seems to play out alright (ignoring the volitile wobbles of a few ATH and just thinking of the lows of the years.)
so id say its a healthy estimate for a sustainable LOW value increase
Bitcoin can triple it's price during the next three years only if:
1.All altcoins are destroyed and all crypto traders use bitcoin only.
2.China and India accept and adopt bitcoin on a massive scale.
3.Bitcoin got approved as an exchange traded fund (ETF).
4.USA and Europe become more bitcoin-friendly.
5.All the FUD stops.
Is any of the above things going to happen?I don't think so....
September 22, 2018, 05:13:41 AM
Oh great, only a quarter million in four years, "only" a 40x multiplication of US dollar price? So I'll still need to get 4 BTC by 2022 to be a millionaire? Tall order as it is at today's price. Probably progressively harder if price climbs in 2019, which it will have to if that target wants reaching.
I suppose it's still "more realistic" than McAfee's big million-dollar prediction.
Might be worth noting that all these estimates make sense if we only look at temporary ATHs. 250k might get hit, but we're likelier to see far lower constants and averages.
I suppose it's still "more realistic" than McAfee's big million-dollar prediction.
Might be worth noting that all these estimates make sense if we only look at temporary ATHs. 250k might get hit, but we're likelier to see far lower constants and averages.
September 22, 2018, 04:24:29 AM
Bitcoin is prone to blow-off tops, so I'd agree it's a conservative estimate. I think the next wave will go considerably higher (into the millions), but it's impossible to predict. I also really wonder how long this kind of growth can sustain for.
i don't think we are ready for the millions price yet. and that would be such a gigantic rise and it is unlike bitcoin to have a rise THAT big. the next round would probably be another 10x rise to $100k levels then with a new bubble afterwards which would require correction.
September 22, 2018, 03:09:47 AM
lets take a conservative low of 2012 of just $3.50 and then yearly *3.466 it
2021: $252,653.36
2020: $72,894.79
2019: $21,031.39
2018: $6,067.91
2017: $1,750.70
2016: $505.11
2015: $145.73
2014: $42.05
2013: $12.13
2012: $3.50
seems to play out alright (ignoring the volitile wobbles of a few ATH and just thinking of the lows of the years.)
so id say its a healthy estimate for a sustainable LOW value increase
2021: $252,653.36
2020: $72,894.79
2019: $21,031.39
2018: $6,067.91
2017: $1,750.70
2016: $505.11
2015: $145.73
2014: $42.05
2013: $12.13
2012: $3.50
seems to play out alright (ignoring the volitile wobbles of a few ATH and just thinking of the lows of the years.)
so id say its a healthy estimate for a sustainable LOW value increase
Bitcoin is prone to blow-off tops, so I'd agree it's a conservative estimate. I think the next wave will go considerably higher (into the millions), but it's impossible to predict. I also really wonder how long this kind of growth can sustain for.
To be fair, he actually reiterated it because he was asked about it in an interview. Here's the source article with the interview itself:
https://www.thestreet.com/investing/bitcoin/tim-draper-reiterates-250000-dollar-bitcoin-price-target-14712907
It was actually pretty interesting, but of course the media focuses on his prediction lol. I didn't know he was able to buy Bitcoins off the Silk Road coins auction.
https://www.thestreet.com/investing/bitcoin/tim-draper-reiterates-250000-dollar-bitcoin-price-target-14712907
It was actually pretty interesting, but of course the media focuses on his prediction lol. I didn't know he was able to buy Bitcoins off the Silk Road coins auction.
I think that's why people care about his prediction. In mainstream circles, he's viewed as a bit of a wacko. But bitcoiners love him because he bought into the bear market in 2014 (the SR auction) and then he predicted correctly that BTC would hit $10,000 by 2017.
September 22, 2018, 02:26:28 AM
"stands by"? LOL.
it seems like news sites are running out of bullshit to publish so they sometimes start re-posting the same old news again. specifically since they move with the current and the current market current! is a rising one (even if it is a small one) so they started pulling out old news.
nothing has changed for predictions like this to change. $250k is still as possible as it was before. no more, no less. and it is mainly based on extrapolation of some data and based on history of bitcoin and its spikes.
it seems like news sites are running out of bullshit to publish so they sometimes start re-posting the same old news again. specifically since they move with the current and the current market current! is a rising one (even if it is a small one) so they started pulling out old news.
nothing has changed for predictions like this to change. $250k is still as possible as it was before. no more, no less. and it is mainly based on extrapolation of some data and based on history of bitcoin and its spikes.
To be fair, he actually reiterated it because he was asked about it in an interview. Here's the source article with the interview itself:
https://www.thestreet.com/investing/bitcoin/tim-draper-reiterates-250000-dollar-bitcoin-price-target-14712907
It was actually pretty interesting, but of course the media focuses on his prediction lol. I didn't know he was able to buy Bitcoins off the Silk Road coins auction.
September 22, 2018, 01:26:13 AM
"stands by"? LOL.
it seems like news sites are running out of bullshit to publish so they sometimes start re-posting the same old news again. specifically since they move with the current and the current market current! is a rising one (even if it is a small one) so they started pulling out old news.
nothing has changed for predictions like this to change. $250k is still as possible as it was before. no more, no less. and it is mainly based on extrapolation of some data and based on history of bitcoin and its spikes.
it seems like news sites are running out of bullshit to publish so they sometimes start re-posting the same old news again. specifically since they move with the current and the current market current! is a rising one (even if it is a small one) so they started pulling out old news.
nothing has changed for predictions like this to change. $250k is still as possible as it was before. no more, no less. and it is mainly based on extrapolation of some data and based on history of bitcoin and its spikes.
September 22, 2018, 01:12:05 AM
3 years hmm
$6k to $250k.. hmm
math time
if bitcoin is to stay at $6 this year
it only needs to *3.46681 each year
end of 2018 $6000
end of 2019 $20800.86
end of 2020 $72112.63
end of 2021 $250000.79
i think a ~3.466x price increase is normal, healthy and achievable after all if we done the same number historically
EG
lets take a conservative low of 2012 of just $3.50 and then yearly *3.466 it
2021: $252,653.36
2020: $72,894.79
2019: $21,031.39
2018: $6,067.91
2017: $1,750.70
2016: $505.11
2015: $145.73
2014: $42.05
2013: $12.13
2012: $3.50
seems to play out alright (ignoring the volitile wobbles of a few ATH and just thinking of the lows of the years.)
so id say its a healthy estimate for a sustainable LOW value increase
$6k to $250k.. hmm
math time
if bitcoin is to stay at $6 this year
it only needs to *3.46681 each year
end of 2018 $6000
end of 2019 $20800.86
end of 2020 $72112.63
end of 2021 $250000.79
i think a ~3.466x price increase is normal, healthy and achievable after all if we done the same number historically
EG
lets take a conservative low of 2012 of just $3.50 and then yearly *3.466 it
2021: $252,653.36
2020: $72,894.79
2019: $21,031.39
2018: $6,067.91
2017: $1,750.70
2016: $505.11
2015: $145.73
2014: $42.05
2013: $12.13
2012: $3.50
seems to play out alright (ignoring the volitile wobbles of a few ATH and just thinking of the lows of the years.)
so id say its a healthy estimate for a sustainable LOW value increase
September 21, 2018, 11:12:37 PM
Billionaire Tim Draper Stands By Bullish $250,000 Bitcoin Price Target For 2022
Tech billionaire Tim Draper stands by his bitcoin price target of $250,000 for 2022. Despite the recent slump, Draper remains undeterred in his enthusiastic outlook for the largest virtual currency by market cap.
“This is going to be so big, so if you see a dip [in prices], jump in,” Draper told TheStreet at the 2018 Crypto Finance Conference in Switzerland. “Maybe it will dip further, but boy, I made that prediction and I’m sticking to it. $250,000 by 2022 for bitcoin.”
After a massive spike in 2017, BTC prices tumbled 50 percent in 2018. Despite the recent bear market, crypto’s profile has never been higher, and the industry continues to expand.
‘Believe It, It’s Happening’
In April 2018, Draper generated countless headlines after boldly predicting that bitcoin would soar to $250,000 by 2022, as CCN has reported. And nothing has happened to change his outlook.
“They’re going to think you’re crazy, but believe it,” he said. “It’s happening and it’s going to be awesome!”
Draper has an impressive track record with predicting bitcoin price movements, so it’s hard to dismiss any forecast he makes.
In 2015, the venture capitalist accurately predicted that bitcoin would top $10,000 by the end of 2017. BTC soared above $13,000 on December 31, 2017.
https://www.ccn.com/billionaire-tim-draper-stands-by-bullish-250000-bitcoin-price-target-for-2022/
Tech billionaire Tim Draper stands by his bitcoin price target of $250,000 for 2022. Despite the recent slump, Draper remains undeterred in his enthusiastic outlook for the largest virtual currency by market cap.
“This is going to be so big, so if you see a dip [in prices], jump in,” Draper told TheStreet at the 2018 Crypto Finance Conference in Switzerland. “Maybe it will dip further, but boy, I made that prediction and I’m sticking to it. $250,000 by 2022 for bitcoin.”
After a massive spike in 2017, BTC prices tumbled 50 percent in 2018. Despite the recent bear market, crypto’s profile has never been higher, and the industry continues to expand.
‘Believe It, It’s Happening’
In April 2018, Draper generated countless headlines after boldly predicting that bitcoin would soar to $250,000 by 2022, as CCN has reported. And nothing has happened to change his outlook.
“They’re going to think you’re crazy, but believe it,” he said. “It’s happening and it’s going to be awesome!”
Draper has an impressive track record with predicting bitcoin price movements, so it’s hard to dismiss any forecast he makes.
In 2015, the venture capitalist accurately predicted that bitcoin would top $10,000 by the end of 2017. BTC soared above $13,000 on December 31, 2017.
https://www.ccn.com/billionaire-tim-draper-stands-by-bullish-250000-bitcoin-price-target-for-2022/
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