Bitcoin may hit 27K USD in the next 180 days! - page 2.

el kaka22

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Quote from: Tduty on January 31, 2020, 04:40:24 AM

Tom Lee the Managing Partner at Fundstrat Global Advisors predicted that Bitcoin can reach to 27K USD within 180 days! 180 days means 6 months, so, within July Bitcoin price can hit 27K USD! I am very optimistic with this prediction, this really makes sense! After the Bitcoin halving in May, BTC price may have bullish run to hit 27K USD. What do you think about it?

Around the times of last two halving bitcoin markets remained too silent and it needed some 180+ days to get into new ATH after halving. History will repeat and may not exactly but with some twists like you are expecting. The only supportive thing which is completely different from last halving is, supply is going down less than 10 BTC per 10 minutes which might be a big physiological trigger among investors when comparing how previous halving impact supply/demand mechanism.

Quote from: wozzek23 on January 31, 2020, 01:09:54 PM

the S17+ coming out in march and with all miners around the world that can get their hands on it would increase the difficulty all by themselves without even halving and then all the other machines starting to fall out of favor due to it, I think maybe halving may not affect the price as much as we imagine it would.

You are right. Impacts of new ASICs are easily predictable compared to halving. Whenever mining industry finds a new leap, cryptos accordingly reacted to that. When more miners into this business, obviously we will have bullish markets hence this March itself we may see some surprises.

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If you estimated it 6months from now with its current price 9.4k I think the prediction is almost near the target if the upward trend will continue for the following days. Yes halving is almost close to its date but we can't expect it to just simply happened in a blink of an eye.

IMO, too early to grasp this price at hand. I am optimistic about bitcoin hike this year but I dont want to listen to these overrated prediction by those famous people cause to be honest its not credible.

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Quote from: Tduty on January 31, 2020, 04:40:24 AM

Tom Lee the Managing Partner at Fundstrat Global Advisors predicted that Bitcoin can reach to 27K USD within 180 days! 180 days means 6 months, so, within July Bitcoin price can hit 27K USD! I am very optimistic with this prediction, this really makes sense! After the Bitcoin halving in May, BTC price may have bullish run to hit 27K USD. What do you think about it?

News source: https://cryptopotato.com/bitcoin-price-could-reach-27000-in-180-days-according-to-tom-lee/

Predictions, predictions, predictions... Everywhere you go, that's the only speculative value we get. But in actual reality, what's the sustainable proof for these so-called predictions? Other than that "bitcoin will moon" or "bitcoin will hit new all-time high" or "bitcoin will hit 27k USD". I mean, where's bitcoin in the equation of global economics (maybe I'm not just seeing it), we should be having more regulatory interests and increased usability as well as visibility in national and sub-continental trade centers. Now, that's the kind of fundamental I'm looking for. I believe in TAs and the halving, but, we need sustainable growth. At least, that's what the industry deserves after a decade in the limelight.

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Quote from: Tduty on January 31, 2020, 04:40:24 AM

Tom Lee the Managing Partner at Fundstrat Global Advisors predicted that Bitcoin can reach to 27K USD within 180 days! 180 days means 6 months, so, within July Bitcoin price can hit 27K USD! I am very optimistic with this prediction, this really makes sense! After the Bitcoin halving in May, BTC price may have bullish run to hit 27K USD. What do you think about it?

News source: https://cryptopotato.com/bitcoin-price-could-reach-27000-in-180-days-according-to-tom-lee/

his prediction might be true, because for now all altcoin start growing day by day, also ethereum price was slowly rise and will back to their 2017 price which at 300$.
i hope to see that bitcoin price back to 20k before the red bull run on the market, with the 20k price, more people or company will start attract to bitcoin technology and trying new thing for their bussiness

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Quote from: hirngespenst on January 31, 2020, 04:50:12 PM

Yes, this prediction does make sense! I don't believe those 50K, 100K USD predictions, those are not real. But 27K USD is very possible in this year but that won't happen in July, I believe halving will affect on price after 6 months later from the halving date, so, it can be in December of this year when Bitcoin may have bullish run!

I have to agree with this somehow since six (6) months would be the right time for Bitcoin to become bullish. But let's expect a huge price decrease during that time because that's the sign that Bitcoin is going to skyrocket to the moon after a certain drop. For me, $27,000 price range is reasonable enough to be the next ATH of Bitcoin. Days are fast approaching until the Bitcoin halving starts.

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Quote from: eaLiTy on January 31, 2020, 01:04:01 PM

Quote from: Natalim on January 31, 2020, 09:16:03 AM

After I witnessed the last bull run, I would not underestimate any prediction like this as anything could happen and $27K is a realistic target.

Even i do not under estimate any prediction as i did not anticipate a rally like that when the market soared to almost $20k and this is the only realistic prediction i have seen till now as the rest of the prediction says that the market will soar to unimaginable heights which i am not expecting anytime soon but i will wait and see how long the market could rally before booking my profit

.

More than $20k is a realistic target but I doubt it will be this year, maybe the next couple of years. However, it is only someone else's speculation so nothing serious about it. For those who will rely on this speculation, better prepare yourself for whatever the outcome is. Because the person giving such prediction doesn't care if you lose or win. It is your sole responsibility when it comes to your investments. So better be careful about your decisions when it comes to crypto. You should know better.

hirngespenst

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Yes, this prediction does make sense! I don't believe those 50K, 100K USD predictions, those are not real. But 27K USD is very possible in this year but that won't happen in July, I believe halving will affect on price after 6 months later from the halving date, so, it can be in December of this year when Bitcoin may have bullish run!

wozzek23

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I feel like 27k will eventually happen and the price looks like its already going up getting prepared but I feel like it may not be in 180 days. Don't get me wrong, I am not gonna call this prediction wrong if it happens in September or October, it is still a viable prediction, however I think "before 2021" is a better time period, like maybe on December 20th at the last days because that would give us a better period.

I would have hoped price to go even further up right around these days but with the S17+ coming out in march and with all miners around the world that can get their hands on it would increase the difficulty all by themselves without even halving and then all the other machines starting to fall out of favor due to it, I think maybe halving may not affect the price as much as we imagine it would.

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Quote from: Natalim on January 31, 2020, 09:16:03 AM

After I witnessed the last bull run, I would not underestimate any prediction like this as anything could happen and $27K is a realistic target.

Even i do not under estimate any prediction as i did not anticipate a rally like that when the market soared to almost $20k and this is the only realistic prediction i have seen till now as the rest of the prediction says that the market will soar to unimaginable heights which i am not expecting anytime soon but i will wait and see how long the market could rally before booking my profit

.

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Quote from: DeathAngel on January 31, 2020, 09:37:21 AM

Tom Lee pulls price predictions out of his ass, he’s always doing them & usually always wrong. I hope he’s right with this one but let’s wait & see.

I think you hit the center of the target, Tom Lee is just trying to earn some free PR for him and the company. Personally, it would be a shame for me to even make statements after so much nonsense he has said over the years. He is just hoping that this speculation will be the right one and that people have a short-term memory, which is unfortunately true.

This is the same man who put Bitcoin and E-cigarette in the same sentence, so what is changed from September last year?

Quote from: https://chaintimes.com/bitcoin-could-be-next-says-tom-lee-after-us-bans-e-cigarettes/

On September 11 US authorities decided to ban certain flavored e-cigarettes. This decision came after several deaths were reported that occurred due to vaping. Trump administration announced to pull most of the vaping products citing health problems and its use among teenagers in the country.
Co-founder of FSInsight and Fundstart, Thomas Lee tweeted that this administration can issue an executive order banning anything including bitcoin. However, he added that he is not expecting such action.

Is anyone so stupid to think that BTC can be banned just like that? Yes, there is one expert, I advise great caution when it comes to his advice.

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Quote from: Natalim on January 31, 2020, 09:16:03 AM

After I witnessed the last bull run, I would not underestimate any prediction like this as anything could happen and $27K is a realistic target.

This is what happen in 2017

From $900 to $20,000: Bitcoin’s Historic 2017 Price Run Revisited

Everything can happen and since there's halving before that prediction chances are there to make it come true, though there's still lots of
possibilities that can influence whatever direction this market will proceed, believing and holding to see the outcome may bring huge benefits.

DeathAngel

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Tom Lee pulls price predictions out of his ass, he’s always doing them & usually always wrong. I hope he’s right with this one but let’s wait & see.

allatrian

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Life has taught me not to be optimistic about trading. I don't deny that perhaps this will be so, but I don't think that the chances of such a price increase are now higher than usual. Over the past 3 years, I have heard many different forecasts and the market has never behaved in such a way as to correspond to any forecast. Unfortunately, forecasting is not so simple, therefore I am neutral with any forecasts of any people.

Natalim

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BTC to the MOON in 2019

After I witnessed the last bull run, I would not underestimate any prediction like this as anything could happen and $27K is a realistic target.

This is what happen in 2017

From $900 to $20,000: Bitcoin’s Historic 2017 Price Run Revisited

Wilhelm

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Yes

*Assuming exponential curve theory

In 101 days the halving will come.
The halving is the lowest point on the exponential curve.

ATH is about 1/3rd into a cycle of 4 years so 1 year in. (That would be 465day from now).
ATH is expected to be $70k

So at 180 days you will be 1/5th towards the ATH.
$27k is reasonable estimate

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Quote from: GuyFromBarcelona on January 31, 2020, 04:42:43 AM

What would you guys do? sell at 27k or hold to the next cycle?

I'd hold. Bitcoin doesn't represent a huge portion of my net worth (which isn't much anyway), so I'd prefer to have fun watching the market possibly go upward from $27k than to sell and be out of the game completely.

This prediction was made to keep Tom Lee's name in the news, and that's true for pretty much all of the big names that make these kinds of statements. But in this case, he might be right. July is obviously a couple of months after the halving, so it is quite possible for bitcoin to get up as high as $27k. Don't know where that number came from, but who knows. And as I've been saying, I'd be more than satisfied if bitcoin "only" went as high as $10k-15k.

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Quote from: Tduty on January 31, 2020, 04:40:24 AM

Tom Lee the Managing Partner at Fundstrat Global Advisors predicted that Bitcoin can reach to 27K USD within 180 days

This is interesting. The usual predictions are for publicity and the ones I've seen in the past were made to attract attention and help the businesses.
Just the businesses were usually of the type an exaggerated prediction would not hurt them.

But this time we talk about a company that seems specialized in telling others where to invest. So if Bitcoin will not have a great performance (not necessarily 27k, but still has to be more than just big) then this prediction could hurt their business.
As I said: interesting!

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Quote from: Tduty on January 31, 2020, 04:49:20 AM

Quote from: GuyFromBarcelona on January 31, 2020, 04:42:43 AM

I am not that optimistic, but well, that would be great obviously.

What would you guys do? sell at 27k or hold to the next cycle?
reaching 27k this year could lead in more investors being interested and that would make the 100k goal more doable.

I am very optimistic that Bitcoin may really hit 27K USD after the halving but I am afraid that it won't hold it for a long time. As you know people are still in huge loss, they would go for recovery by selling at a high price. Even I will sell if Bitcoin hit 27K USD and then I will wait for a dump to buy again. 100K USD seems daydream to me.

How sure are you guys that its market value will reach that high given how inconsistent the increase in its price? This is the problem with some investors, they are just making unrealistic assumptions just aiming to earn profit. Accept the fact that the price won't go 'boom' in a single snap. Analyze how the market behaved at the past which should serve as a lesson. My point is that, if ever the price become high, then it is normal to be happy, but to anticipate it and be disappointed is another thing. Just let the market be.

mahilchii

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This guy gives unique predictions, he's not like John McAfee. Bitcoin has already started a impressive year and most of the community members speculate this time there will be a massive pump till the end of the year.

Halving is the big thing happening this year, that's the reason experts go with big predictions. By the way halving has historical pump before as well, still anything is unpredictable in crypto currency. Let's wait for those golden days.

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Quote from: Tduty on January 31, 2020, 04:40:24 AM

Tom Lee the Managing Partner at Fundstrat Global Advisors predicted that Bitcoin can reach to 27K USD within 180 days! 180 days means 6 months, so, within July Bitcoin price can hit 27K USD! I am very optimistic with this prediction, this really makes sense! After the Bitcoin halving in May, BTC price may have bullish run to hit 27K USD. What do you think about it?

News source: https://cryptopotato.com/bitcoin-price-could-reach-27000-in-180-days-according-to-tom-lee/

I dont think we X3 from here. That's a pretty big jump. I see 2020 as a sideways year. A lot of profit taking will be made around the 15-20k range as people will start liquidating dead 2017 positions. 20k will be a huge barrier to break and just dont see it without a significant movement or news involving mass adoption.

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