Topic: Bitcoin could reach $100,000 in 2020: Ross Ulbricht - page 6. (Read 1631 times)
My opinion is that until May 2020 Bitcoin will be worth somewhere around 30k, by the end of the year i really doubt that it will reach 100,000k. This is just manipulation from the crypto "influencers".
I'm not placing high expectation anymore with this kind of news because since 2018 early i've seen so many news that said bitcoin will reach 100k in the end of the year. But the price crashed and i was so upset. It was bitcoin price in 20k, and with the current price right now, reaching 100k in 1 year is almost impossbile except some miracle happen to cryptocurrency. touching 10k is already a blessing for me.
Ross Ulbricht is a bad source of market predictions. The best predictions usually come from industry insiders who has intimate knowledge of the code developments and much better if this person predicting know how markets work.
And who would trust such a person as Ross Ulbricht? And for that matter, there are no insider in this market, everything moves here freely and it ever there is a code developments, everything can be seen in GitHub so everyone knows that something is going on behind. Well it's possible for bitcoin to reach that 6 figures right? So it's doesn't matter if Ross predicted it, eventually in the next 5-10 years, that price is doable.
I totally agree. Ross has been closed for years so he lost his market intuition. The only information he bases on is probably not much of what allows him to read or watch. We should not trust the predictions of individuals and certainly not those who have been in prison for years.
Do not be so negative about prisoners. Although Ross Ulbricht was busy with illegal work, he probably knew about BTC before all of us and was knowledgeable enough to create something on the darkweb. Also, I do not think he predicted $100k to impress somebody to invest. This is everyone's own choice, if you do not want to, do not. 
Ross Ulbricht is a bad source of market predictions. The best predictions usually come from industry insiders who has intimate knowledge of the code developments and much better if this person predicting know how markets work.
I totally agree. Ross has been closed for years so he lost his market intuition. The only information he bases on is probably not much of what allows him to read or watch. We should not trust the predictions of individuals and certainly not those who have been in prison for years.
Ross Ulbricht is a bad source of market predictions. The best predictions usually come from industry insiders who has intimate knowledge of the code developments and much better if this person predicting know how markets work.
many people started to make a bold prediction lately?
I am not surprised at all with predictions that have come out, actually you can ignore them because this is not possible and another reason is because many of these predictions are always wrong, I consider this a joke, nothing more 
To be honest, no one really knows what could happen in the price of bitcoin or should we even care about it especially when we are just investors. Predicting the price is just too hard and even experts can't pinpoint what could happen. As of now, I think we should still focus on looking for something to invest in other than bitcoin. But it's going to be really huge if what Ross is saying is going to happen.
https://bitcointalk.org/index.php?board=57.0
This topic belongs to Speculation board and current place is only related to altcoins. Please move this to that board there are so many topics related BTC's price movement.
This topic belongs to Speculation board and current place is only related to altcoins. Please move this to that board there are so many topics related BTC's price movement.
Bitcoin can go to $100k in 2020, yes. Doesn't mean it will though.
Equally it can go to $1k. The thing is, with a market as volatile as crypto, we do get these huge fluctuations, and each new mega-bull can be an order of magnitude higher than the last one... but also the falls are just as hard.
Remember bitcoin went from $20k to $3k fairly rapidly. Just because a thing is possible, doesn't mean it's likely. Any idiot can make predictions, and the more outlandish, the more likely they are to get coverage. Fundamentally though we are all guessing on BTC price, and we are guessing within a wide range.
Equally it can go to $1k. The thing is, with a market as volatile as crypto, we do get these huge fluctuations, and each new mega-bull can be an order of magnitude higher than the last one... but also the falls are just as hard.
Remember bitcoin went from $20k to $3k fairly rapidly. Just because a thing is possible, doesn't mean it's likely. Any idiot can make predictions, and the more outlandish, the more likely they are to get coverage. Fundamentally though we are all guessing on BTC price, and we are guessing within a wide range.
As you wrote, any idiot can give any number he think about and claim that this will be the price of Bitcoin in next year. However, no one will think about the fact that technology is developing and Bitcoin 2 may be created at any time and the price of the current BTC will begin to fall to zero.
This will not going to stop, despite the fact that almost every predictions about bitcoin future price went wrong drastically. Still we are giving fame to people by discussing there predictions. Lets hope year 2020 bring joys for all crypto traders but don't follow these predictions. Crypto market has its own mood of going up and down.
None of them get the fame for making such wild prediction out of nowhere. They just want their names to be in the crypto headlines but what they just did won't affect the market price. Maybe he just predicted that because he knows when is the bitcoin halving but there's a slight of fail in his prediction because almost everyone who's old enough here know that bitcoin halving will take years before the effect could happen. 
Bitcoin can go to $100k in 2020, yes. Doesn't mean it will though.
Equally it can go to $1k. The thing is, with a market as volatile as crypto, we do get these huge fluctuations, and each new mega-bull can be an order of magnitude higher than the last one... but also the falls are just as hard.
Remember bitcoin went from $20k to $3k fairly rapidly. Just because a thing is possible, doesn't mean it's likely. Any idiot can make predictions, and the more outlandish, the more likely they are to get coverage. Fundamentally though we are all guessing on BTC price, and we are guessing within a wide range.
Equally it can go to $1k. The thing is, with a market as volatile as crypto, we do get these huge fluctuations, and each new mega-bull can be an order of magnitude higher than the last one... but also the falls are just as hard.
Remember bitcoin went from $20k to $3k fairly rapidly. Just because a thing is possible, doesn't mean it's likely. Any idiot can make predictions, and the more outlandish, the more likely they are to get coverage. Fundamentally though we are all guessing on BTC price, and we are guessing within a wide range.
Another nustradamus wanna be or should i say a time traveller. All those persons who predicted that btc will go 100,000$ even higher should be buying right now and pump bitcoin up to 50,000$.
Exactly! They should buy and pump the price themselves!
However, I wonder ... Why Ulbricht is even trying to predict the price of Bitcoin at all..?
After all, if the court confirms the charges against him, he won't be released from prison for the rest of his life ... 
Another nustradamus wanna be or should i say a time traveller. All those persons who predicted that btc will go 100,000$ even higher should be buying right now and pump bitcoin up to 50,000$.
it is not another nostradamus wannabe but the manipulator trying to use their bold prediction to hype the market and manipulating the community morale. do not you find it strange, many people started to make a bold prediction lately?
Another nustradamus wanna be or should i say a time traveller. All those persons who predicted that btc will go 100,000$ even higher should be buying right now and pump bitcoin up to 50,000$.
This will not going to stop, despite the fact that almost every predictions about bitcoin future price went wrong drastically. Still we are giving fame to people by discussing there predictions. Lets hope year 2020 bring joys for all crypto traders but don't follow these predictions. Crypto market has its own mood of going up and down.
one more we get from an inmate making a new prediction for the price of bitcoin, even though it makes far more sense than the prediction of John McAfee, it looks like we've pocketed and get leaked information for prices next year, preparing to see many people will run from behind us fighting over bitcoin in the next year, I can't wait for that to happen again and let's see it later 
I expect what the man predicts next year, but I also need a basis for a statement about his predictions. Including you, how you believe it while he does not give a clear reason for his statement, there is no technical and fundamental analysis, it looks nonsense.
If bitcoin is going to go up at least that guy gives a benchmark that's not as fantastic as that even though it could have happened, but really this makes no sense. I need a reason, hope you can tell me.
Ross Ulbricht, the originator of the dark web marketplace Silk Road, has anticipated that Bitcoin could reach $100,000 in 2020.
Ross Ulbricht is an American convict who created and ran the darknet marketplace Silk Road from 2011 to his capture in 2013. In February 2015, he was indicted for tax evasion, PC hacking, selling in bogus personality reports, and endeavoring to exchange drugs by means of the web.
Source: TheCoinRepublic
These predictions are the reasons why bitcoin cant go bullish. Their too advance ,some predicted that bitcoin can go million dollars which is too realistic. Ross Ulbricht is an American convict who created and ran the darknet marketplace Silk Road from 2011 to his capture in 2013. In February 2015, he was indicted for tax evasion, PC hacking, selling in bogus personality reports, and endeavoring to exchange drugs by means of the web.
Source: TheCoinRepublic
At present market conditions, it looks like a dream to me. But because of globalization and becoming popular among the community Bitcoin could reach $20,000 in 2020 in my opinion. The future is unpredictable so all we can do is hope for the best.
Just as the price of Bitcoin may fall to $1000 in 2020, so can it rise to $20k ,or even $100k. We are not able to predict this, and Ulbricht is no expert but criminal and I do not know why we are taking his predictions for discussion in this forum. Let him predict if the judge will shorten his sentence.
Not another crazy Bitcoin prediction article, how many more of these are we going to get? Pretty soon we will hear "Trump says BTC will hit $1 million".
Think about it this way. Say these people had some time machine and actually knew 100% what BTC would be worth in 2020 or 2022 or 2025, do you think they would still be posting these predictions? Most likely not, they would instead borrow as much money as they can and buy as much BTC as they can. Why tell other people which will make the price go higher and make you pay more for the same bitcoins? Exactly.
Hence they are no more than just guessing and should be just taken with a grain of salt.
Think about it this way. Say these people had some time machine and actually knew 100% what BTC would be worth in 2020 or 2022 or 2025, do you think they would still be posting these predictions? Most likely not, they would instead borrow as much money as they can and buy as much BTC as they can. Why tell other people which will make the price go higher and make you pay more for the same bitcoins? Exactly.
Hence they are no more than just guessing and should be just taken with a grain of salt.
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