Topic: Bitcoin bull push to 600k ? - page 2. (Read 650 times)

The bull rally lasted too long. I think now there will be a bear market and we should not hope for space growth right up to the beginning of next summer. Bitcoin needs to be held up and waiting for better times.

Are you always sure that you will come to work on time on schedule and not get stuck in traffic? The chart shows the recovery of Bitcoin; however, I see no prerequisites for this. Libra? It is unlikely the project will attract so many people to push Bitcoin up to $600k and even $12k

Nope, 600k is not realistic at all. We might see $20 000 again, but it would not be as a result of Libra.    Just remember that even if Libra is launched, it would cause a decrease in the price, because it is Bitcoin's competition.

A lot has been said about Kim Dotcom's K.IM P2P content network platform that might also go mainstream and cause a spike in the price. I am not so sure about that, because K.IM would also be using it's own token   linked to the Lightning Network.  

I find your "realistic" view quite pessimistic. Bitcoin has already shown that anything is possible. It grew from 1000$ to 20000$ in about a year, when some people thought that after the previous (1200$) ATH it cannot get much higher and people could make a ton of money with it already.

Indeed, some try to keep the price down in order to accumulate. But the competition for those coins is rising, since more wealthy people/institutions want a slice of the pie. So the price is bound to rise.
Your comparison with the gold is not good and I'll tell why: first, Bitcoin is scarcer than gold and second, with the advance of technology there can happen 2 things: banks can find something better than gold as store of value (it doesn't matter what!) and release tons after tons of gold onto the market - and - gold may be mined from other sources, not from earth ... all may sound SF but could make the gold price collapse. Such uncertainty can keep the price down (!).

Bitcoin decentralization is not about the number of whales. Bitcoin decentralization is about full nodes. As Legendary you should know this. So I'll not use that wording. And no matter how rich some whales will become, yes they will be able to manipulate the price for a while, but it will become more and more expensive for them to play this game.

600k is an absurd number to be honest with you. Where did you get that analysis anyway. Even famous analyst wouldn't go in that number. Also, I think that Libra wouldn't have much effect in Bitcoin. I'm seeing bad opinions about it lately and I don't think it will create as much hype. It's like ripple, a centralized coin that is very different from Bitcoin.

It would be a bliss to all Bitcoin holder if Bitcoin goes up to $600k in the next 2 years.  From the current price of $8,266.48 ( as of this reply), it will be 7258% growth and that is a lot of profit if that happen and the idea can really triggers greed that can cause FOMO but alas, investors now a day are wiser.  They are not easily carried away  with just mere presentation since they have seen a lot of these prediction circulating the internet space and most of them just failed horribly.  No matter how unpredictable Bitcoin price is, it will never just increase  that huge without any triggers or catalyst.

Pure speculation and day dreaming.
I hate those insane prediction which is just controversial promotion.
The market cap of this price would be 12600000000000 $

I wish that Bitcoin climb up to 600k that easy but I don't give a chance for a long time. I think Bitcoin is going to break the record in the expected bull run but it can reach maximum 30k dollars in my opinion.

That’s a high price prediction on a bear market, and it can’t make sense because everyone knows that we need first to have the real bull market before it happens. That’s right we should make first the new ATH but we can’t know when it will happen. If Libra coins push through, i hope the mass adoption begin.

So you mean this will be continued raising up the price? Eh, I will agree on that side. Bitcoin price even how to dip the correction had it will recover and growing the price after bouncing you can see the resistance made. No technical analysis on this because we can consider is the unpredictable price. The best thing to do is just wait for the movement of price in the market. Remember that there is an article countdown in possible new ATH come and I believed.

It was the same type of person who was here in July 2010 (right after the slashdot article) saying it would never reach a dollar and be under $ 0.01.  And then it would drop back below $1 soon. And then it would never stay about 10, 30, 100 etc.

That's high same as the McAfee's prediction. But I won't say that it's impossible but the chance is really that low at this moment. You just gave a chart without any other explanation on why it's possible to happen. The Libra effect isn't enough I guess and you're speculating that much while Libra hasn't yet launch.

Dude, you should stop spreading FUD.

600k is too high. The price will not reach that high because that requires too much money. My prediction is the price will reach 60k. Maybe 600 after a decade.

I think market is irrational, and it shows no one really knows. Always there is a gamble on some levels, but anything below $80,000 could be a realistic value. Past performance not being a good model for the future, but If your goal is long-term (HODLing) I'd probably look to buy at this price point just because it seems as close to an equilibrium as possible, not anything else. If your goal is more short term in nature the RSI charts have been pretty good at predicting when to buy or sell. For active trading, make sure you are setting a sell target when you buy. Don't forget the people who are trying to get rich overnight are the ones that lose, and finance rewards the skeptical investor for a reason.

Anyone can make their own personal TA yet OPs TA is just too exaggerated that it defies the logical explanation of the normal technical analysis. And yeah, Bitcoin would reach that price soon but we have to consider the other factors here why it's almost impossible to reach that price within a year. Factors like, market movement, FUDs, news, whales, and a logical reason why it would hit on that certain price within X days.

There is no mathematical or financial theory that is behind this TA. Why exactly the squares which notes different types of markets have those sizes? No explanation from author.

besides the author indicates that we have long accumulation ahead of us which i highly doubt, the scale just does not add up.

yes we know every halving reward for getting bitcoin will decrease and of course the price will go up, but I don't think it will be that fast, the arrival of libra next year will probably affect it, but it won't be that big.


agree with this, I also always see from the previous chart when trading daily, but sometime it wrong, even if i follow step by step,it's all about market conditions.

It is a plausible graph except 600k prediction. It is a very far possibility in such time I think. My prediction is that when Bitcoin start bull run, it will reach 25k and after that we will see bear market.

If the rally starts on May 25 of 2020, then before that is just a sideway of $10k, that is pretty much a very steep climb of BTC in just two years.  I am no TA expert but any sane person can at least see it as next to impossible.  Reaching $600k in just a matter of less than two years (May 2020 to Dec 2021).  Lets wait on breaking $16k this October first, then the $100k on 2020, before talking anything above those numbers.

And I think this prediction's here is much realistic than any of those extreme ones.

https://changelly.com/blog/bitcoin-price-prediction-2019-2025/

Perfect analysis for the bitcoin price bump. If there is crazy pump in coming days every people will make some rocking year for it. We need to understand the worth with this analysis and make the mark in the price chart.

Please review more cryptocurrencies, I believe we are on the bottom now. So we need to pick all the coins instantly and make money out of it.