Bitcoin Price On Way To $250,000 By Q1 2023: Tim Draper - page 2.

The Sceptical Chymist

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Quote from: kingcolex on August 11, 2019, 09:01:57 AM

Weird how buffet has been getting quieter regarding crypto recently.

Eh, I don't think that means anything really. He understands what bitcoin is basically all about and has chosen not to invest in it--plus with all the money he has, he'd have a very hard time buying any without coming close to cornering the market and in the process driving up the price. He's got enough investments in stocks and businesses that are making him tons of money, so he doesn't need to buy any bitcoin.

I don't know about $250k by 2023, but it certainly could happen. I never thought bitcoin would hit $10k when it did the first time, so I've kind of learned to expect the unexpected. 2023 is a ways away, so it'll be interesting to see how it turns out.

Juggy777

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Quote from: duglin on August 11, 2019, 04:51:25 AM

Billionaire investor Tim Draper says Bitcoin price will be worth more than $250,000 before 2023. He also believes the digital asset will be a major method of exchange in the future.

https://bitcoinist.com/bitcoin-price-will-rally-to-usd-250000-by-q1-2023-tim-draper/

Now that’s a new kind of prediction first people were saying prices would go up to 1 lakh and now according to Tim it can touch $250k while these predictions look good on paper, in reality it’s very difficult to achieve it even in 2023. The only part about his prediction I’ll agree is that Bitcoin can become a major method of exchange, as it’s insanely cheap and fast to send funds abroad using bitcoins.

buwaytress

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Why not 2.5 million, since we're looking at arbitrary years ahead from now (4.5 years, I know, but really, that's arbitrary). If these guys just spent half the time they do donating to Bitcoin developers instead of spewing out numbers with half-assed underlying foundations, maybe they'd actually get their predictions right;)

Tylev

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Quote from: duglin on August 11, 2019, 04:51:25 AM

Billionaire investor Tim Draper says Bitcoin price will be worth more than $250,000 before 2023. He also believes the digital asset will be a major method of exchange in the future.

https://bitcoinist.com/bitcoin-price-will-rally-to-usd-250000-by-q1-2023-tim-draper/

Cryptocurrency will never be the primary means of payment. Cryptocurrency is simply not yet capable of this. It was conceived only as an alternative means of payment, which suggests its supporting role in relation to ordinary currency. There are many reasons for this.
As for the high price values of bitcoin, including its price of $ 250,000, I also do not think that bitcoin can ever reach such a price. Bitcoin users themselves will not allow this. There are certain economic laws and market laws that will always prevent the price of any cryptocurrency from rising to such heights.

bbc.reporter

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Would everyone in the thread react in a similar way if the person who made the prediction was Tom Lee? This is not a joke. I am certain Tom Lee has a similar price target also.

btc_angela

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Quote from: Wilhelm on August 11, 2019, 09:51:12 PM

Please let him be right Cry

Yeah, so when Lambo? Grin

It's very easy why personalities such as Tim Draper is really shilling for bitcoin. This guy is one of the early bag holders and I'm sure majority of his money is on bitcoin. So obviously he needs to pump the market with his exorbitant claims. But who knows, he could be right, so just imagine, owning 1 BTC and just holding it for the next 4-5 years, and what's more if you got like 10-100 BTC by that time. Grin

Wilhelm

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Please let him be right Cry

WinslowIII

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Quote from: UnDerDoG81 on August 11, 2019, 07:16:21 PM

Quote from: duglin on August 11, 2019, 04:51:25 AM

Billionaire investor Tim Draper says Bitcoin price will be worth more than $250,000 before 2023.

I would be very surprised if not. I even expect six digits in 2021.

There are only 2 scenarios:
1. bitcoin hits 6 digits by end of 2021
2. bitcoin dies.

Either one is possible, but any other scenario I don't think is possible.

UnDerDoG81

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Quote from: duglin on August 11, 2019, 04:51:25 AM

Billionaire investor Tim Draper says Bitcoin price will be worth more than $250,000 before 2023.

I would be very surprised if not. I even expect six digits in 2021.

WinslowIII

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Quote from: Nolimitz84 on August 11, 2019, 04:47:29 PM

Quote from: pixie85 on August 11, 2019, 02:26:54 PM

I don't believe in these predictions. In 2018 they were saying that we will have a new high by the end of the year. In 2019 they are saying the same thing.

I know that this prediction by Draper is more of a long term one but there are many positive predictions as there are negative. We chose to believe the positive ones because we want Bitcoin to succeed that's all. Try to be objective. 50 thousand would be a big achievement for Bitcoin even in the next 2 or 3 years.

There is a statement that thoughts are material.If the majority will believe and constantly think about the high price of bitcoin,then it will be so.But I believe around the should be common sense.And he suggests that the price of $ 250 000 is simply unrealistic.

It's not unrealistic if you factor in the fact that most bitcoins held today will be in new hands. Wink

Now Draper has so many that I'm sure he will still hold plenty until he dies, but he is a very rare case.

Nolimitz84

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Quote from: pixie85 on August 11, 2019, 02:26:54 PM

I don't believe in these predictions. In 2018 they were saying that we will have a new high by the end of the year. In 2019 they are saying the same thing.

I know that this prediction by Draper is more of a long term one but there are many positive predictions as there are negative. We chose to believe the positive ones because we want Bitcoin to succeed that's all. Try to be objective. 50 thousand would be a big achievement for Bitcoin even in the next 2 or 3 years.

There is a statement that thoughts are material.If the majority will believe and constantly think about the high price of bitcoin,then it will be so.But I believe around the should be common sense.And he suggests that the price of $ 250 000 is simply unrealistic.

WinslowIII

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Quote from: kingcolex on August 11, 2019, 09:01:57 AM

Always good to hear positive outlooks rather than negative, a few hundred thousand a coin is always an exciting theory. I know I could use that cash and so could many others.

Weird how buffet has been getting quieter regarding crypto recently.

Buffet will be dead soon, he's like 158 years old. And most people holding bitcoins today will have sold them before the price ever reaches 6 figures - including you probably, because you need the cash.

sunsilk

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This is a Speculation topic. Tim has been bullish to bitcoin and has been speculating many times that the price would be higher. And these medias take every words that he say.

I'd like to happen that $250,000 by 2023 but how many times these known people predicted and got it wrong? they should just teach the people about fundamentals instead of giving them numbers and predictions.

pixie85

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I don't believe in these predictions. In 2018 they were saying that we will have a new high by the end of the year. In 2019 they are saying the same thing.

I know that this prediction by Draper is more of a long term one but there are many positive predictions as there are negative. We chose to believe the positive ones because we want Bitcoin to succeed that's all. Try to be objective. 50 thousand would be a big achievement for Bitcoin even in the next 2 or 3 years.

bL4nkcode

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People and this media outlets never tired of hearing his/their bullish statements regarding on bitcoin price? while in reality the price just sits this base. Price will not go for that range too soon as long whales are just relaxing and no bullish news and implementation from big internet companies.

YuginKadoya

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A billionaire can surely say such crazy things And many analysts have already adjusted their predicted price but Tim Draper still believes that it will continue to pursue the $250,000 USD and that bitcoin will be the futures payment mechanism, And that Bitcoin will sustain above $12,000 USD then $12,500 will be the next target and as we see another all-time high,

Well, I guess it is a small-time to pursue another all-time high but in my opinion, there is a voice in my heart that wants to believe that we can reach another all-time high this coming end of 2019 and wishing that it can be real this time.

Leonardo7

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I am taking out my time to buy and keep the little bitcoin I can. I am not taking lightly these predictions. 2017 taught me a hard lesson that anything is possible.

dothebeats

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I always loved Tim Draper's optimism when it comes to bitcoin and crypto and we all know how solid of a permabull Tim is, but sometimes his predictions go off the charts and just like Tommy Lee, he sometimes jinx his own predictions and bitcoin prices go south. Anyway though, 2023 is still a far off date; just a little short of 4 years and we all know how dynamic things work in the crypto world. $1M by 2020 is already crossed out, and we don't know whether John McAfee will ever cut his dick on TV by then, but $250K in 4 years is still a pretty much doable figure so yeah, we'll see about that.

rodel caling

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Quote from: ?? on ??

It's possible for it to achieve since we still have 4 years to achieve it. And there was a prediction I just saw that within one week bitcoin could go back to 15000 usd. Let's just wait for it to go up again. I'm currently hodling my btc.

That's right mate and this positive news it might bring to bitcoin investors to keep support and continue patronage as new form of money in the future and not possible bitcoin price reach the mark level of 15k usd to hit again the all time high market value.

Darker45

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Quote from: duglin on August 11, 2019, 04:51:25 AM

Billionaire investor Tim Draper says Bitcoin price will be worth more than $250,000 before 2023. He also believes the digital asset will be a major method of exchange in the future.

https://bitcoinist.com/bitcoin-price-will-rally-to-usd-250000-by-q1-2023-tim-draper/

Come on! This is not news anymore, is this? I wonder why some crypto publications still spend time and effort for pronouncements such as this. Tim Draper, Mike Novogratz, Max Keiser, John McAfee, and several others have always been releasing very bullish statements-- to the point of exaggeration-- about Bitcoin's price. The last I heard from one of them is that Bitcoin is gonna hit $15,000 within the week. Well, we have an hour and a few minutes left and Bitcoin is still at $11,300.

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