Bitcoin Price Could Blitz Beyond $150,000 During Next Bull Cycle in 2023

actmyname

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Quote from: South Park on April 11, 2019, 03:40:47 PM

Quote from: MathGame on April 04, 2019, 05:22:28 PM

Despite the 82 percent drop in the valuation of the crypto market in the past year and the inability of bitcoin to recover beyond $4,000 in the past three months, one analyst sees the dominant cryptocurrency surpassing $150,000 by 2023.

Josh Rager, a cryptocurrency technical analyst and investor, said that based on the price trend of bitcoin since 2011 and the pattern of bitcoin rebounding from a correction following an all-time high, he sees bitcoin achieving a new peak price in 2,051 days, by 2023.

The next Bitcoin cycle should peak out in July 2023 and could reach a price at $150,000 or more per Bitcoin

Cycle Peak Prices:
2011: $31
2014: $1,177
2017: $19,764
2023: Huh

($150,000+ projected)

10:51 PM - Mar 31, 2019 - twitter: https://twitter.com/Josh_Rager/status/1112472531049553920

https://www.ccn.com/bitcoin-150000-2023-next-cycle-analyst

In another thread people were complaining about the wild predictions that some people were making and now I understand what they meant, while I have no doubts that the price will recover by that year it is impossible to predict how high the price will go but I find it very unlikely that we are going to reach 150,000 dollars for each coin that soon, and if we do, that price is not going to be sustainable and it is only going to generate another huge crash.

Extrapolation of graphs always leads to extreme variance in data.
I don't see any reason to extend it like so since you're exclusively taking peak prices and not considering the variety of factors that had made it so.
If I extrapolate the number of tacos I have each Taco Tuesday, am I going to eat 400 by the end of next month?

South Park

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Quote from: MathGame on April 04, 2019, 05:22:28 PM

Despite the 82 percent drop in the valuation of the crypto market in the past year and the inability of bitcoin to recover beyond $4,000 in the past three months, one analyst sees the dominant cryptocurrency surpassing $150,000 by 2023.

Josh Rager, a cryptocurrency technical analyst and investor, said that based on the price trend of bitcoin since 2011 and the pattern of bitcoin rebounding from a correction following an all-time high, he sees bitcoin achieving a new peak price in 2,051 days, by 2023.

The next Bitcoin cycle should peak out in July 2023 and could reach a price at $150,000 or more per Bitcoin

Cycle Peak Prices:
2011: $31
2014: $1,177
2017: $19,764
2023: Huh

($150,000+ projected)

10:51 PM - Mar 31, 2019 - twitter: https://twitter.com/Josh_Rager/status/1112472531049553920

https://www.ccn.com/bitcoin-150000-2023-next-cycle-analyst

In another thread people were complaining about the wild predictions that some people were making and now I understand what they meant, while I have no doubts that the price will recover by that year it is impossible to predict how high the price will go but I find it very unlikely that we are going to reach 150,000 dollars for each coin that soon, and if we do, that price is not going to be sustainable and it is only going to generate another huge crash.

WinslowIII

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Quote from: gentlemand on April 09, 2019, 06:41:56 PM

Quote from: WinslowIII on April 09, 2019, 06:39:10 PM

It doesn't have to collapse for bitcoin to skyrocket as a hedge - this hopeless situation just needs to keep getting worse, which it will - since there is no way to save it. $23 trillion in debt and adding a trillion every year is about as hopeless as it gets, and that's just one country.

Good point. But it sometimes feels like there's a new reality that people have a weird acceptance for. Does that sound like 'this time it's different' or 'it's a new paradigm'?... guess it does a bit and we all know how that ends up. I hope for the sake of regular folks it doesn't happen but it does feel like a one way trip.

I'm not talking about sentiment - I'm talking about the threat of and reality of honest to God economic collapse and how smart people with money will respond.

gentlemand

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Quote from: WinslowIII on April 09, 2019, 06:39:10 PM

It doesn't have to collapse for bitcoin to skyrocket as a hedge - this hopeless situation just needs to keep getting worse, which it will - since there is no way to save it. $23 trillion in debt and adding a trillion every year is about as hopeless as it gets, and that's just one country.

Good point. But it sometimes feels like there's a new reality that people have a weird acceptance for. Does that sound like 'this time it's different' or 'it's a new paradigm'?... guess it does a bit and we all know how that ends up. I hope for the sake of regular folks it doesn't happen but it does feel like a one way trip.

WinslowIII

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Quote from: gentlemand on April 09, 2019, 06:32:06 PM

Quote from: WinslowIII on April 09, 2019, 06:26:44 PM

$100k is easy, look at the impeding fiat collapse. The US gains a trillion in debt every year. Think about that. There's no way it can be saved, the fiat ship is going down.

Well, I'll believe that when I see it. People have been shouting it for decades and it's still chugging along quite contentedly. Going on what they've been willing to throw at it so far they may have a few more tricks sloshing around in their wee bag.

It doesn't have to collapse for bitcoin to skyrocket as a hedge - this hopeless situation just needs to keep getting worse, which it will - since there is no way to save it. $23 trillion in debt and adding a trillion every year is about as hopeless as it gets, and that's just one country.
Economic collapse is inevitable, no matter how much time we have left. Don't forget why bitcoin was created in the first place, the recession, the housing market collapse and bailouts of the late 2000s, but most importantly - the out of control deficits that were just getting started.

gentlemand

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Quote from: WinslowIII on April 09, 2019, 06:26:44 PM

$100k is easy, look at the impeding fiat collapse. The US gains a trillion in debt every year. Think about that. There's no way it can be saved, the fiat ship is going down.

Well, I'll believe that when I see it. People have been shouting it for decades and it's still chugging along quite contentedly. Going on what they've been willing to throw at it so far they may have a few more tricks sloshing around in their wee bag.

WinslowIII

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Quote from: gentlemand on April 09, 2019, 02:11:56 PM

Quote from: Bagaji on April 09, 2019, 02:07:29 PM

Well, in as much as I believe that Bitcoin market value will keep on growing, I don't see Bitcoin reaching the level of$150,000 by the year 2023 please let's be realistic in some of our analysis so that we will not end up misleading people.

I well remember people categorically stating that BTC could not get above $300 ever again, and $10,000 was spoken of in the exact same way that six figures is now - pure la la land.

There are still billions of potential users yet to arrive. These price guesses are outlandish but if you factor in the fresh meat yet to arrive they make sense. It all depends on the rate at which new people turn up.

$100k is easy, look at the impeding fiat collapse. The US gains a trillion in debt every year. Think about that. There's no way it can be saved, the fiat ship is going down.

cryptjh

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A 150.000 dollar bitcoins in 4 years from now are possible. Theirs no doubt that bitcoins are heavily undervalued, so a longer bull run cycle cut brings bitcoins up to $150k or above. I think if we really push up there we can also go even higher. However a 2050 days cycles sound like a very long one, so I think we will max out next bull cycle before 2023

gentlemand

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Quote from: Bagaji on April 09, 2019, 02:07:29 PM

Well, in as much as I believe that Bitcoin market value will keep on growing, I don't see Bitcoin reaching the level of$150,000 by the year 2023 please let's be realistic in some of our analysis so that we will not end up misleading people.

I well remember people categorically stating that BTC could not get above $300 ever again, and $10,000 was spoken of in the exact same way that six figures is now - pure la la land.

There are still billions of potential users yet to arrive. These price guesses are outlandish but if you factor in the fresh meat yet to arrive they make sense. It all depends on the rate at which new people turn up.

Bagaji

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Quote from: jakelyson on April 04, 2019, 06:20:43 PM

This is just wishful thinking.I always see this quote, "past performance does not guarantee future performance." The same can be applied to bitcoin.

I really see this speculation as wishful thinking or imagination of what the probability is insignificant and I encourage people not take any investment decision based on this wishful imagination.

Bagaji

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Well, in as much as I believe that Bitcoin market value will keep on growing, I don't see Bitcoin reaching the level of$150,000 by the year 2023 please let's be realistic in some of our analysis so that we will not end up misleading people.

2chase

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I think that it is quite possible that Bitcoin in 2023 will be able to achieve such an unprecedented price, based on the practice of what was happening earlier, I think that the probability of this is quite high, and I plan to keep my coins for at least four more years or even more.

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Quote from: Idrisu on April 08, 2019, 01:10:40 PM

I am seeing this related predictions around this $150000 or $160,000 trading area in 2023. I think we are going to see above that price in 2023 because by then many institutional investors will be in the market and governments most have understood bitcoin and blockchain technology then.

Time will tell everything but after seeing BTC history from beginning to till date, it suggests nothing is impossible.Yeah by then in 2023 there will be much more acceptance and investors comes by making it world currency.

Fedrey

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Quote from: Idrisu on April 08, 2019, 01:10:40 PM

I am seeing this related predictions around this $150000 or $160,000 trading area in 2023. I think we are going to see above that price in 2023 because by then many institutional investors will be in the market and governments most have understood bitcoin and blockchain technology then.

the fact that already at the summit of the Big Twenty ki were talking about cryptocurrency, already has a very positive impact on the popularization of u.i. then the technology and the hope of a quick introduction into the daily life of a person. Based on this, it is quite possible to assume such a high cost of Bitcoin after only a few years.

Idrisu

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I am seeing this related predictions around this $150000 or $160,000 trading area in 2023. I think we are going to see above that price in 2023 because by then many institutional investors will be in the market and governments most have understood bitcoin and blockchain technology then.

justspare

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Quote from: talkbitcoin on April 08, 2019, 03:50:56 AM

Quote from: traderethereum on April 08, 2019, 02:52:25 AM

Quote from: DeathAngel on April 07, 2019, 05:59:17 AM

I don’t think we will have to wait until 2023 for the peak of the next bull run. It’s more likely to arrive in late 2021 or any time in 2022.

I hope it will happen in this year and the next year because the signal still on the green candle and maybe this week, we can see a new highest price at all market. And if this week, the price can increase higher, then we can hope that in this month will be a great step for bitcoin and altcoin to rise again and change the trend from the bear market into the bull market.

it is simply impossible to reach $150k (which is a 4900% rise) in one year for bitcoin because it is not a pump and dump altcoin. but it is going to be easy to get there in 2 years starting from 2019 meaning hit the ATH this year's end and rally up in next year.

It is just a wishful thinking I guess. Lol which is not bad, just like we use to say, anything is possible provided it’s a positive one, what I just use to advise most people is that, we can wish it outside but deep inside of us, we need to learn to be realistic.

Bitcoin will perform greatly this year and other years to come, but for this year, what I expect Bitcoin would do is to get close to the ATH of last bull or a little bit above it but to say its $150k, nah. The OP is even more realistic, at least by 2023, I know Bitcoin will surprise lots of people and there will be so much of FOMO that time pushing people into investment that will in turn generate such huge value.

ricardobs

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Yes, we might even see Bitcoin grow more than the specified price because a lot of countries are already facing lot of crisis and Bitcoin has always been their savior and will still be the savior to even much more countries in the year 2020, this is why I have been telling people to hold as much Bitcoin as they can hold for now because after this year, we would never see Bitcoin in the rate of $5000 anymore or even anything close to it, so let's get wise and buy a lot of coin.

gentlemand

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Quote from: fabiorem on April 08, 2019, 11:16:07 AM

The evil guys will not let us have this money.

They'll be right in the middle of it. Many will have already been lurking in the shadows for many years.

I can see the shakier economies getting twitchy about it but they already are.

Quote from: Adriano2010 on April 08, 2019, 11:19:43 AM

Maybe the price will be high in 2023, but until then we need to have more and more people who use it, and new online shops accepting it, and services where we can pay bills with bitcoin, and if this will happen then the price can only get moon over time.

Retail is irrelevant. Merchant adoption peaked 5 years ago and has been falling since. No one wants to spend it when it's going up. No one wants to spend it when it's in the crapper. For better or worse it's an asset class used for speculation. Some day maybe it'll become some sort of currency but only after this current stage has been left behind.

Adriano2010

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Maybe the price will be high in 2023, but until then we need to have more and more people who use it, and new online shops accepting it, and services where we can pay bills with bitcoin, and if this will happen then the price can only get moon over time.

fabiorem

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Quote from: Indrawan77 on April 08, 2019, 07:22:01 AM

Quote from: fabiorem on April 08, 2019, 06:04:01 AM

Actually, this price can be reached in 2021.

In 2020 we can go back to the previous ATH (probably one year from now), and then it can quickly escalate, raising 10k each month. Bitcoin will never be the same, the nocoiners will be begging for scraps.

I think that's too rush and impossible that the price will keep on rising 10k each month, the market and the investors already not the same, alot of them already diversify into different coins which makes bitcoin grow a bit slower, I think the 150k is not impossible but its a bit unrealistic if we can see it hit so high in few years, the growth of bitcoin is good but reaching that high price in a short time is a small chance

Im being conservative. If we have a bull run of 20x, like we had in 2017, we will have something between 300-400k by the end of 2021, with the price falling to 30-50k in the next crypto-winter. Im more worried about statist crackdown, though. The evil guys will not let us have this money.

Topic: Bitcoin Price Could Blitz Beyond $150,000 During Next Bull Cycle in 2023 (Read 609 times)