Topic: Bitcoin Experts and Their Predictions (Read 229 times)

Where were all these experts at the beginning of 2017 when they should have been telling us all to buy and that bitcoin would go from $1k to $20k in the same year? I don't remember seeing or hearing anything from them. Now, with all the frenzy and hype, they come out and give us their "expert" advice. It's a shame they are always a step behind.

It is a really interesting read and i do accept most of the things,the ICO bubble will burst and it is a matter of time that it goes down,since it is the initial stages everyone is making a good profit with it but governments around the world are cracking that and we will see some regulations taking shape that could stop ICO altogether. The price of bitcoin will not move unless these FUD news stops,until then we will have these sort of volatile market.

Yep!
And! ) There are now countless 'experts' (lol) too 

All you need to know about Bitcoin 'experts' can be gleaned by reading their predictions for 2014 at the start of it. It's not inspiring reading. No one has a bleeding clue. As it gets bigger it becomes even harder to predict. There are now countless factors pushing and pulling it.

Your own guess is just as valid.

I'm not expert when it comes to bitcoins so I do not know those predictions. but according to my search the predictions that experts say when it comes to bitcoin. Spiros Margaris has more than 20 years of national and international experience in investment management/research for family offices, UHNWIs, HNWIs, institutional clients and innovation and technology management.

Brad Garlinghouse's words are kinda true but the fact that he's in ripple team says to me many things. The aims and tools that project has I dont stand them. Anyway, BTC realy to be replaced by smth really better. DMD is good by the way.

Rebecca Devaney, CEO, Hunter Creative Labs
For Bitcoin to survive in 5 years, its early adopters will have to be loyal in the face of increasing innovation speed and diversity. In addition to the reality of ‘new coins’ — 1500 at last count — there will be two major technological developments that will revolutionize cryptocurrency over the next 5 years.

The first development is quantum computing, which was first mentioned by the Nobel Prizewinning Physicist, Richard Feynman, in 1981. Feynman asked why we would build binary computers — based on 1s and 0s — when we could create a computer 100M times faster by utilizing algorithms. Fast forward 26 years. By 2018, Google will achieve quantum supremacy, which means they will have created a ‘quantum’ computer faster than the best ‘classical’ computer. Metaphorically, classical computing to quantum computing is the equivalent of running to flying. To extend, Blockchain is like running a relay — its value is in the interdependence of the runners. It’s still not ‘flying.’ To survive, Bitcoin will have to become a quantum system based on physics.

The second technological development is Artificial Intelligence; our “biggest existential threat” according to Elon Musk. Currently, there is a facial-recognition software in Russia whose creators no longer understand how it works. Similarly, a chess AI in Japan — no idea how it ‘wins.’ As science fiction becomes reality, we will have to set universal ethical/regulatory standards for how AI manifests. Check out Asimov’s laws. Bitcoin will become mindfully iterative AI.

Quantum and AI aside, the true value of cryptocurrency stays the same. In five years, Bitcoin will ONLY maintain market share because it serves the populace and democracy. The worth of decentralized currency has now been proven, but Bitcoin being the future ‘gold standard’ of decentralized currency remains an unknown. Go Bitcoin go!

Ofir Beigel, CEO, 99Bitcoins
As more people find out there’s an “exit” door from traditional currencies Bitcoin will grow in value. Of course this will probably be fuelled by a lot of speculations, hype and “dumb money” that will cause short term crashes in price.

However history has shown that each time the bubble pops the price drops down to a higher level than before the bubble began, so if you’re into Bitcoin long term you’re ROI positive. In 5 years I expect Bitcoin to be worth no less than $50,000.

Patrick Gray, CEO of HashChain Technology
We haven’t seen anything like Bitcoin since the dot.com boom. But unlike that bubble, there’s every reason to believe that Bitcoin can sustain growth in the coming years due to several factors. First, crypto is going mainstream, attracting a wider audience that ranges from middle class Americans using it to purchase goods to emerging economy citizens hedging against runaway inflation; Second, major exchanges like CME, CFE and NASDAQ are (or will be) running futures in Bitcoin which will invite more institutional dollars and further legitimize the currency. Lastly, blockchain is poised to disrupt a number of industries, and as people get more comfortable with the technology, there will be growing acceptance.

But you forget the fact that those problems that Bitcoin has are technical. Technical problems are solvable from a engineering standpoint what isn't being able to be done is make brand recognition. Ask two people on the street about Bitcoin and NEM and see which they know and that is the massive edge that Bitcoin won't lose overnight.

Observers are divided, some consider this to be good: as an advance, others consider the trend to be short-lived. Commonly referred to as Bitcoin Bubble-a commodity price state soared to form a bubble, which is feared to break at any time.

I think the crypto markets have a lot of irrationality, but at the end the real coins / tokens that actually solve a need, and are widely adopted, will fluorish. This is my take and this is why I only invest in those that I really think will stay in the long run.

He such a bullshit person who holded 80 percent of the ripple in his hand itself and he is saying new competitors are there in the market means that looks so funny in my view. Whatever the project comes to the market everything behinds bitcoin only.
Ethereum are boss for all the altcoins in the market bro. Please ignore project like RIPPLE for sure since they completely relevant to the banking side.

The guy who says the ICO bubble will burst is absolutely right. ICOs are problematic for many reasons.

The guy who predicts another cryptocoin will replace Bitcoin is also right, though I don't think that transition needs to happen nearly as dramatically as he envisions. The guy who says it won't be just one block chain is also correct.

Bitcoin will eventually go by the wayside because it has too many technical problems to be of much use. But there will be several coins that take its place, most likely all having their different emphases. My prediction is the transition happens fairly smoothly. For example, someone tries to buy something with Bitcoin and croaks at the 60 minute confirm time and the $20 transaction fee. So next time they buy something with XEM and find the transaction fee is less than a dollar and it takes less than a minute or two to confirm, and that's it, they're not going back to Bitcoin. It could be XEM, it could be DNotes, it could be DMD Diamond--pretty much any coin that has a large block capacity and short block confirm time. Bitcoin is a dinosaur on both those points!

I don't think this guy should be considered as Bitcoin expert, he does have a lot of followers and his portfolio (if the blockfolio screen-shots are real) is growing but He does not have any relevance or background in Bitcoin.  IMHO.

Those ICO's fooling people and banking on their emotions should be legally punished for sure.

Hm.... Sound good, but...

Kay Van-Petersen - an analyst at Saxo Bank, said in December 2016 that bitcoin would reach $2,000 in 2017, a feat achieved in May and now he says that Bitcoin could hit $100,000 in 2018, and he added that other rival digital coins could also outperform, To reach $100,000, bitcoin would need to rally over 635 percent from Tuesday's highest price of $13,601.43 and he include that ethereum is likely to outperform bitcoin this year, And Van-Petersen, who owns different cryptocurrencies and is a noted bull in the space, joins a chorus of other figures also predicting big price rises for bitcoin, Let's just see how can this year pull out for bitcoin.

Ian Balina - I think this character needs no introduction 
"Over the next 5 years, Bitcoin will reach a global scale of adoption. Innovation will continue to push developers to create mainstream applications. Within five years from now someone from around the world will use Bitcoin or other cryptocurrencies in apps like Paypal and Venmo to pay someone. Speculating on price, I think 1 BTC will be over a million within 5 years. The early adopters of Bitcoin will be filthy rich. There will be many more countries where Bitcoin is accepted as an official form of payment. This will also potentially bring more stability to countries that have traditionally unstable currencies. The population will be more confident in a real store of value, not just an inflationary fiat from their government."

James Song, CEO, ExsulCoin
Bitcoin will be replaced by another, more useful technology over the next five years. Before that happens, in the shorter term, banks will get increasingly involved with bitcoin, and create financial products around them. One of these products will be some type of insurance product that protects traders against losses. Bitcoin’s price will keep going up, maybe to $1,000,000, and banks will make a lot of money selling this insurance product, since they can continue collecting premiums on an asset that seemingly won’t stop rising.

They’ll bundle these insurance products into other derivatives and then make money selling those, too. And then, one day, when no one expects it, bitcoin’s price will rise a bit too high, and no one will want to buy it anymore. No one has ever seen a cryptocurrency panic, and this will be the first. People will lose everything: entire retirement accounts will vanish overnight; bitcoin billionaires will become bitcoin street beggars.

Banks that sold insurance products against bitcoin losses will be forced to declare bankruptcy, but will not go bankrupt. Instead, they’ll off-load the “bad debt” into a structured product, then give all the people they owe money to “shares” of that product. Banks will survive. People will be angry. A state of emergency will be declared. Regulations will be passed and bitcoin trading will be heavily constrained. That’s when people will move onto a another, more useful blockchain technology.