Topic: Bitcoin Is Likely to Hit $100,000 by End of 2021 Says Anthony Pompliano - page 2. (Read 906 times)
July 08, 2019, 01:57:13 PM
I have read his article and all I can see is that its more of a pump-up speech/article to motivate his current investors and attract potential ones to Morgan Creek Digital. He really didn't dive in too much on why he has predicted that Bitcoin will go up to 100,000$ by 2021 with how the article was made he had set up a lot of warnings on how his prediction isn't 100$ accurate which he can use later after his price prediction fails in the future. So I wouldn't be surprised if one day he will just say that "like I said before I am not 100% sure it will go up" or something similar to that. For newbies reading this it's never right to based your trades to predictions of someone who is popular as they are never 100% guaranteed to happen.
July 08, 2019, 01:02:52 PM
If bitcoin hit $100,000 in 2021 there would have to be $90 million of new longterm investment into bitcoin every day.
$100,000 x 900 (new bitcoin created/day) = $90 million/day
Personally I think that is hopeful dreaming at best.
If you want to see cash flow data such as this check out my site:
https://www.amsinger.org
Much Love!
Aaron
$100,000 x 900 (new bitcoin created/day) = $90 million/day
Personally I think that is hopeful dreaming at best.
If you want to see cash flow data such as this check out my site:
https://www.amsinger.org
Much Love!
Aaron
July 08, 2019, 12:26:57 PM
I would like to point out that there have been people laughing at Tom Lee for saying bitcoin will be 15k in 2019 and we have crossed 13.8k once, so it is quite possible to reach 15k now and we look so close and nobody doubts we will pass that before 2020. Back when the price was 3.4 to 4.2k and Tom Lee went up and said it will be 15k and he believes it, everyone was like "thats more than x3 increase, get real" and nobody believed him but he turned out to be pretty right (even though we are not at exactly 15k, we are close).
So, to think that bitcoin will never reach 100k is just pure moronic, of course it will reach 100k, we may not know if it will be by the end of 2021 but it will definitely be close to it, who can argue that bitcoin CAN'T reach 100k by that time, I mean you could say its inprobable but you can't say its impossible.
So, to think that bitcoin will never reach 100k is just pure moronic, of course it will reach 100k, we may not know if it will be by the end of 2021 but it will definitely be close to it, who can argue that bitcoin CAN'T reach 100k by that time, I mean you could say its inprobable but you can't say its impossible.
July 08, 2019, 03:21:34 AM
OP, in my opinion, it's not as "bold" as it sounds anymore. 6 digits is just a question of "when?", not "why, how, or will it?" anymore.
it's still mostly just fringe dwellers like us who believe that. fortunately, mainstream average joes are still skeptical as hell about bitcoin. even regular bitcoiners in the wall observer thread are skeptical of $100k.
Then the "average joe" will learn the hard way, and the "fringe dwellers" will grow in number like it did when Bitcoin reached its last ATH.
exactly. that means we have lots and lots more upside. imagine when that switch gets flipped and average joes everywhere are finally buying in. bitcoin has tapped a limited niche among retail and institutional investors, cypherpunks, geeks. but we're heading towards that point where we will cross the chasm and go beyond early adopters. that's when things could go into hyper drive.
I believe it's being crossed now. I read a study, from someone's blog, about millenials' preference towards investing in Bitcoin more than traditional investments.
Some of the might come here, and it's very important that we give them the correct information. Not the misinformation from franky1.
July 07, 2019, 05:22:39 PM
For now ill place him in the mcafee corner. Never say never but this is a bit of a far reach. We all can make a prediction on the halving and how it could play out.
July 07, 2019, 04:23:17 PM
I do not think Anthony Pompliano will hit the mark twice. $100,000 BY 2021? Kinda exaggerated for me. No matter how skillful or talented we are at reading charts, I do not think that a person can tell a certain market price of Bitcoin in a specific date or time. There is no basis on his price prediction why Bitcoin will go up this high. Anyway, as much as I disagree, I hope his speculation will come true. 
July 07, 2019, 02:11:13 PM
OP, in my opinion, it's not as "bold" as it sounds anymore. 6 digits is just a question of "when?", not "why, how, or will it?" anymore.
it's still mostly just fringe dwellers like us who believe that. fortunately, mainstream average joes are still skeptical as hell about bitcoin. even regular bitcoiners in the wall observer thread are skeptical of $100k.
Then the "average joe" will learn the hard way, and the "fringe dwellers" will grow in number like it did when Bitcoin reached its last ATH.
exactly. that means we have lots and lots more upside. imagine when that switch gets flipped and average joes everywhere are finally buying in. bitcoin has tapped a limited niche among retail and institutional investors, cypherpunks, geeks. but we're heading towards that point where we will cross the chasm and go beyond early adopters. that's when things could go into hyper drive.
July 07, 2019, 07:09:39 AM
Sounds great but it's just another speculation from a person. Everyone can do it and make the same speculation. Even with depth analysis, we can't say it's a guaranteed. All we can do is wait for it and watch what's going on in the market. Also, prediction like this often comes out especially if the market is doing good.
July 07, 2019, 06:29:30 AM
Another exaggerated prediction made without solid analysis or with data that are just wrong estimated.
Anyway, I still think that Bitcoin users are too much obsessed with all kind of predictions and they pay too much attention on different so called experts instead of focusing on the market and they own experiences and estimations, too much focused on future and not enough on present time.
Anyway, I still think that Bitcoin users are too much obsessed with all kind of predictions and they pay too much attention on different so called experts instead of focusing on the market and they own experiences and estimations, too much focused on future and not enough on present time.
July 07, 2019, 05:50:05 AM
OP, in my opinion, it's not as "bold" as it sounds anymore. 6 digits is just a question of "when?", not "why, how, or will it?" anymore.
it's still mostly just fringe dwellers like us who believe that. fortunately, mainstream average joes are still skeptical as hell about bitcoin. even regular bitcoiners in the wall observer thread are skeptical of $100k.
Then the "average joe" will learn the hard way, and the "fringe dwellers" will grow in number like it did when Bitcoin reached its last ATH.
Shower thought. Did the Lightning developers make the millisat in anticipation of a 6 digit Bitcoin?
July 06, 2019, 06:23:26 PM
2021? Does he expect the bull market to last 3 years? That's even bolder than predicting $100k, because with how short the last bear market was, it looks that this bull run will also be short.
That sounds intuitive and I admit there is some merit to what you're saying from a volume analysis perspective. However, I don't think it's always true.
I also think we sometimes underestimate the nature of Bitcoin adoption. This is a once-in-a-lifetime occurrence. An asset/product only experiences mass adoption one time. So although I am a technician and trader at heart, I have to remain open to the idea that fundamentals may not respect my classical technical expectations. If the 2011-2017 cyclical pattern was becoming too obvious, investors may be front running the pattern now. Maybe the pattern is accelerating.
July 06, 2019, 05:44:46 PM
I still can't believe that people are predicting on bitcoin price when there is literally nothing we can actually calculate the price
based off from. I mean the only reason bitcoin is at this price right now is the fact that people believe it worth this much, there is literally nothing else that can change the price but peoples opinion of the price. If they think bitcoin should be 100k then it will be 100k, if they think it should be 1k then it will be 1k.
Charts are powerful tools if there isn't anything else to look into and get a value figure from. If the technicals improve, investors start to open up positions and follow whatever happens from there. based off from. I mean the only reason bitcoin is at this price right now is the fact that people believe it worth this much, there is literally nothing else that can change the price but peoples opinion of the price. If they think bitcoin should be 100k then it will be 100k, if they think it should be 1k then it will be 1k.
Gold is pretty much the same. Its industrial demand in no shape or form decides the direction of the price-- speculators just follow the charts until geopolitical drama makes safe haven investors take over for a while.
The moment Bitcoin's charts started to look better/healthier the price kept going up because it made investors stop being super bearish and pull the trigger and long Bitcoin.
July 06, 2019, 05:25:23 PM
2021? Does he expect the bull market to last 3 years? That's even bolder than predicting $100k, because with how short the last bear market was, it looks that this bull run will also be short. There are more chances that $100k will happen in this year, because 2021 will likely be either bearish or will be in early stage of the bull market that will happen after the next bear market.
Also, 6 figure predictions aren't so radical, we had them during the last bubble, and they caused a lot of FOMO in the last months.
Also, 6 figure predictions aren't so radical, we had them during the last bubble, and they caused a lot of FOMO in the last months.
July 06, 2019, 12:21:10 PM
I still can't believe that people are predicting on bitcoin price when there is literally nothing we can actually calculate the price
based off from. I mean the only reason bitcoin is at this price right now is the fact that people believe it worth this much, there is literally nothing else that can change the price but peoples opinion of the price. If they think bitcoin should be 100k then it will be 100k, if they think it should be 1k then it will be 1k.
We are the ones that decide how much bitcoin should worth, if a seller declines to sell anything under 100k and enough sellers feel that way and buyers think price is going to 100k and all of them buys accordingly then of course it will go to that price but same can be said for any price ever between 1 dollar and a billion dollar, there is no technical limit.
based off from. I mean the only reason bitcoin is at this price right now is the fact that people believe it worth this much, there is literally nothing else that can change the price but peoples opinion of the price. If they think bitcoin should be 100k then it will be 100k, if they think it should be 1k then it will be 1k.
We are the ones that decide how much bitcoin should worth, if a seller declines to sell anything under 100k and enough sellers feel that way and buyers think price is going to 100k and all of them buys accordingly then of course it will go to that price but same can be said for any price ever between 1 dollar and a billion dollar, there is no technical limit.
July 06, 2019, 10:52:51 AM
So many predictions that are rising from the past months until now,.but no one them cam prove that thier predictions is accurate and will happen on the year that theyve said.
No one can predict the market accurate because this market is subjected to many factors and one of the factors can upturn all other factors. Another way I think the predictions are good for the healthy market is that this market is a speculative one and as such if we have many positive speculations like the one op mentioned there is no way the market will not try to achieve that and if there are negative like that one we have last year there is no way it will not go down. It deals with the mind and once our mind can be influenced positively through good prediction we tent to invest our funds inline with our mind. 
July 06, 2019, 10:01:26 AM
I believe it will eventually reach $100,00 but it will take much longer. I believe it will be around $50,000 by that time.
July 06, 2019, 09:58:23 AM
Well!! Did you know?
On June 24th, Founder and partner of Morgan Creek Digital Asset, Anthony Pompliano has made a bold statement that Bitcoin is likely to hit a new record of about $100,000 by 2021 end.
What’s your view on this prediction? Will bitcoin price reach $100,000 by the end of 2021? What’s your BTC price prediction?
On June 24th, Founder and partner of Morgan Creek Digital Asset, Anthony Pompliano has made a bold statement that Bitcoin is likely to hit a new record of about $100,000 by 2021 end.
What’s your view on this prediction? Will bitcoin price reach $100,000 by the end of 2021? What’s your BTC price prediction?
I don't support this speculation.
If we don't bring more mass adoption of cryptocurrencies to the real world it would never reach that price. And right now, cryptos are mostly used in casinos and games.
Maybe he is another guy who tries to pump the market for his own profits.
July 06, 2019, 09:51:22 AM
I do believed that the market works on cycle. I mean with the block halving every 4 years, that is definitely a cycle.
The 4 year price cycles don't match with the halving events though. So, two seperate things.
July 06, 2019, 06:17:31 AM
In 2 years anything might happen to be honest.. But the price is two high. In recent couple years we see 0 growth long term. Don't know why they expect something now
We are in a new 4 year cycle. Check out Bob Loukas on youtube.
https://www.youtube.com/watch?v=5nZZNdGMOrs
July 06, 2019, 04:48:42 AM
In 2 years anything might happen to be honest.. But the price is two high. In recent couple years we see 0 growth long term. Don't know why they expect something now
We are in a new 4 year cycle. Check out Bob Loukas on youtube.
https://www.youtube.com/watch?v=5nZZNdGMOrs
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