Speculation or predictions from unknown or famous people who tend to believe their predictions and all say bitcoin will soon rise to the highest price with each different nominal.
although it's hard to believe because we see the reality now and they see in the future or in the months to come according to their predictions, so, there's no harm in us trusting them because it will be motivation and enthusiasm that makes us not care about current prices and think prices in the future or the next few months will be much better.
Topic: Bitcoin $400,000 (?) - page 2. (Read 689 times)
So many things have to happen before the price of bitcoin go that high. First adoption rate would increase like say 60% of world population to be using it. This is going to be with some regulation.
This is a digital age and the time or when it will happen just depends on adoption .
This is a digital age and the time or when it will happen just depends on adoption .
I think $400K is not outside of the realm of possibility. there are several reasons for this assumption. we live in a digital world that every day moves further in the direction of digitalization. another problem that can be solved with cryptocurrencies is the lack of trust. The Millennials and a new generation will probably choose bitcoin for the investment rather than gold because bitcoin is easier to transfer and store. In addition, bitcoin has limited supply.
So the price of each coin will only increase in the future. Cryptocurrencies enter our lives and have already influenced the world, and they are definitely not a bubble. Bitcoin has experienced many crashes, and every time it recovered. the volatility of 80% or 90% is normal for the crypto market, and the fluctuations work in both directions. thus, bitcoin can easily hit $400,000, but the question is when.
So the price of each coin will only increase in the future. Cryptocurrencies enter our lives and have already influenced the world, and they are definitely not a bubble. Bitcoin has experienced many crashes, and every time it recovered. the volatility of 80% or 90% is normal for the crypto market, and the fluctuations work in both directions. thus, bitcoin can easily hit $400,000, but the question is when.
From 10/27/18
Rodney Stevens, a former analyst and investment and merchant banker, discusses the relationship between Bitcoin and gold and how he has derived Bitcoin's value.
https://www.streetwisereports.com/article/2018/10/27/bitcoin-to-400-000-for-the-skeptics-and-the-birth-of-blockchain.html
Rodney Stevens, a former analyst and investment and merchant banker, discusses the relationship between Bitcoin and gold and how he has derived Bitcoin's value.
https://www.streetwisereports.com/article/2018/10/27/bitcoin-to-400-000-for-the-skeptics-and-the-birth-of-blockchain.html
There are so many people prediction exist since last big bull run in 2017, some people said it will go 50k, 100k, 500k, one mil. But no of those prediction hasba realization yet. I think cryptocurrency price is too hard to predict because sometimes when people predict the price so high, what will happened is the opposite. So we have to ready with any market condition
Another optimist on the market. It's good that there are such signals, that is, positive feedback, but realistically speaking, growth is possible, but not so large. The next bubble should be bigger, but I don't think it exceeds $80k- $100k
PS. McAfee will lose his sausage..
PS. McAfee will lose his sausage..
Here we go again, so many speculations about bitcoin price that's very high. We are far from thus price, to be honest.
Despite for anything's possible and can happen isn't that too high? But we never know the market. Since it's very unpredictable, it could be sooner or so much later.
But really, $400k is amazing so to speak.
We'll need more popcorn here, lots of them.
Despite for anything's possible and can happen isn't that too high? But we never know the market. Since it's very unpredictable, it could be sooner or so much later.
But really, $400k is amazing so to speak.
*me grabs popcorn and waits for $400k BTC*
Eat popcorn a little longer and you might not see the price of bitcoin at $400k simply because it will take more years before it happen. Speculation are too exaggerated without any concrete evidence, for now we need to break the wall so we can see bull run or else this $400k will take decades before it hit. 
From 10/27/18
Rodney Stevens, a former analyst and investment and merchant banker, discusses the relationship between Bitcoin and gold and how he has derived Bitcoin's value.
He ain't even popular but anyway. He got a point but he only based the value of gold and bitcoin from the supply itself that he made no value to fiats. But the thing is fiats ain't working that way. Besides, bitcoin couldn't be more real without fiats specially when cashing out when store or other enterprise don't have any option of accepting crypto currency. Rodney Stevens, a former analyst and investment and merchant banker, discusses the relationship between Bitcoin and gold and how he has derived Bitcoin's value.
From 10/27/18
Rodney Stevens, a former analyst and investment and merchant banker, discusses the relationship between Bitcoin and gold and how he has derived Bitcoin's value.
https://www.streetwisereports.com/article/2018/10/27/bitcoin-to-400-000-for-the-skeptics-and-the-birth-of-blockchain.html
Rodney Stevens, a former analyst and investment and merchant banker, discusses the relationship between Bitcoin and gold and how he has derived Bitcoin's value.
https://www.streetwisereports.com/article/2018/10/27/bitcoin-to-400-000-for-the-skeptics-and-the-birth-of-blockchain.html
Prices like these are always thrown around. The thing is if they hit which some ultimately will by default, they claim to be geniuses. If it falls flat then the post or article just gets buried with the rest of them. Price values for bitcoin at this point are a guess at best.
Anything can happen and possible but I think he doesn't have a timeline when this will happen. We know that bitcoin will appreciate in the long run but slowly as the demands grow. Anyone can say $400k, $500k to 1M$ but to say a specific price on a specified year is different.
In my observation, the author Mr. Steven seems pessimistic about bitcoin on his article..
I don't know if this is going to happen in my lifetime, but I agree on his observation that Bitcoin's volatility is now decreasing.
That 'observation' only requires people to think logically. A market that's capturing more value and thus more economical mass, will see its volatility diminish as result.
Bitcoin at $400,000 is quite conservative if given enough time. It has never happened that a form of money emerged with Bitcoin's properties. People lose satoshis continuously, which means that there are fewer satoshis circulating every year that goes by. Currently there is more inflation than deflation due to the block rewards, but that will change in the future when block rewards consist solely of transaction fees.
Gold on the other hand will continue to be dug up as technology improves and the techniques to mine Gold become more efficient and cheaper.
I can't also see other information about the guy so this is another random expert gut that we're talking here. That quote that he has mentioned in the article as pointed out by other folks here is totally out of his mind. I don't even think that he heard what he just said or wrote in that article.
I would want to see $50k-$100k first before aiming for a higher desirable price.
I would want to see $50k-$100k first before aiming for a higher desirable price.
*me grabs popcorn and waits for $400k BTC*
Eat popcorn a little longer and you might not see the price of bitcoin at $400k simply because it will take more years before it happen. Speculation are too exaggerated without any concrete evidence, for now we need to break the wall so we can see bull run or else this $400k will take decades before it hit.
Well it does't compete with gold and it has nothing to do with its prices even in the past. Why? For two reasons I have seen during Bitcoin's climb upwards way back 2017 gold there was struggling but at the same time quickly recovered as well during that year we observed to movements for gold and only one for BTC this just show that they don't have any correlation between the two. Other than that there is no proof or hard evidence that shows that investors of gold are also the main traders in crypto market. If someone offloads gold to buy BTC then we all know who would drop and who would go up, which in this case we haven't seen yet.
From 10/27/18
Rodney Stevens, a former analyst and investment and merchant banker, discusses the relationship between Bitcoin and gold and how he has derived Bitcoin's value.
https://www.streetwisereports.com/article/2018/10/27/bitcoin-to-400-000-for-the-skeptics-and-the-birth-of-blockchain.html
Rodney Stevens, a former analyst and investment and merchant banker, discusses the relationship between Bitcoin and gold and how he has derived Bitcoin's value.
https://www.streetwisereports.com/article/2018/10/27/bitcoin-to-400-000-for-the-skeptics-and-the-birth-of-blockchain.html
A value of $400,000 in a couple of years is possible if Bitcoin experiences another bubble like the 2 past bubbles in 2013 and 2017. In those bubbles, the price increased from around $3 to $1200 and $400 to $20,000 respectively in 2 years prior to the bubble.
LOL! Money is completely useless except when used as a medium of exchange. That is the most hilarious form of "meme" I can think of, it should become a huge copypasta in everywhere and it can turn into really funny stuff. "Food is completely useless except when used as nutrition", "water is completely useless except when used to hydrate" "books are completely useless except when you read them".
I can think of a billion things like this! All things aside when bitcoin is not even ten thousand dollars right now, I feel like it doesn't really make that much sense to talk about $400k. Sure, mathematically speaking there is a "possibility" of bitcoin becoming $400k one day, yet it looks almost close to impossible right now so why don't we focus on what we have right now instead of dreams.
I can think of a billion things like this! All things aside when bitcoin is not even ten thousand dollars right now, I feel like it doesn't really make that much sense to talk about $400k. Sure, mathematically speaking there is a "possibility" of bitcoin becoming $400k one day, yet it looks almost close to impossible right now so why don't we focus on what we have right now instead of dreams.
*me grabs popcorn and waits for $400k BTC*
The author did not mention any year could be in the next five years or ten years or twenty, that's a lot of popcorn for you, but I'm quite impressed with his analysis, he has a good theory to back it of, but he still playing safe by not mentioning a specific years compared to other experts who have a specific year attached on their prediction, but I prefer to take it one step at a time, 10k, then 15, then 20k, safer and realistic this way. 
*me grabs popcorn and waits for $400k BTC*
From 10/27/18
Rodney Stevens, a former analyst and investment and merchant banker, discusses the relationship between Bitcoin and gold and how he has derived Bitcoin's value.
https://www.streetwisereports.com/article/2018/10/27/bitcoin-to-400-000-for-the-skeptics-and-the-birth-of-blockchain.html
Before reading this article I thought this is just another guy making a hype on Bitcoin without any basis just like what Mcafee predicted on the price of Bitcoin which is $1 million, but after reading the article the guy has a basis to say that Bitcoin will reach $400 k Rodney Stevens, a former analyst and investment and merchant banker, discusses the relationship between Bitcoin and gold and how he has derived Bitcoin's value.
https://www.streetwisereports.com/article/2018/10/27/bitcoin-to-400-000-for-the-skeptics-and-the-birth-of-blockchain.html
Quote
price target for Bitcoin is approximately $400,000 per coin, based on taking the market cap of all the gold in the world and dividing it by the number of bitcoins that will ultimately be in circulation.
I don't know if this is going to happen in my lifetime, but I agree on his observation that Bitcoin's volatility is now decreasing.
Everything is possible in the cryptocurrency market, we have seen Bitcoin rise from $ 1 to $ 20,000, so in my opinion Bitcoin is quite capable of reaching $ 400,000. But this will take a very long time, probably for decades to come. I think it would be more realistic for us to predict when Bitcoin could return to the price of $ 20,000.
It's true that we think that realistic bitcoin only reaches 20k, there are already lots of happy people, especially back in 2017,
A few decades reaching $ 400k will reach it, but so far I haven't thought that bitcoin can achieve that much.
Rodney Stevens, a former analyst and investment and merchant banker, discusses the relationship between Bitcoin and gold and how he has derived Bitcoin's value.
I thought it is another bullshit theory but he got a point when he suggested that assets with low use value will have an higher exchange value and he cited diamond and if we look at that theory what he says can be true but the market will not work according to these theories and for the price of bitcoin depends on the amount of investment coming into the market.
Everything is possible in the cryptocurrency market, we have seen Bitcoin rise from $ 1 to $ 20,000, so in my opinion Bitcoin is quite capable of reaching $ 400,000. But this will take a very long time, probably for decades to come. I think it would be more realistic for us to predict when Bitcoin could return to the price of $ 20,000.
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