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Topic: Bitcoin Price to hit $400k a prediction by an analyst *face palm* (Read 604 times)

sr. member
Activity: 2030
Merit: 323
I was "sort of" that person back in the day. I didn't get in during the one dollar era, I was here when it was about 120 dollars and so forth, that is why I was already quite late, when you consider "this 120 dollar thing will be 20k one day", it is certainly a lot bigger possibility compared to 1 dollar going to 20k dollar thing.

However even back that moment (and interestingly right now) not a lot of people believed that bitcoin could be 20k. I saw what it was, I saw the trajectory and I said it doesn't matter what happens to bitcoin right now, I still say that, it could become 1k tomorrow and nothing would change in my mind. As long as people love it the way they love, and as long as we have less and less of it, the price will eventually skyrocket.
legendary
Activity: 2898
Merit: 1823

Dave the Wave the analyst who this article author claims correctly predicted last years bitcoin crash, has made a wild speculation again this time as he claims that Bitcoin prices will hit $400k which is an absurd prediction in my personal opinion. Further the author of this article wants us to believe that just because Dave got it right once he’ll get it right again, and I do hope that newbies don’t fall for such gimmicks and avoid making investment decisions based on such analysts views.


Pretend you are back to 2012, and someone introduced you to Bitcoin at $1.00 per coin, and that that someone told you it would hit $20,000 per coin someday.

Are you the person who could see that possbility? Or would it be "absurd" for you? Add that as your poll for the topic. Cool
full member
Activity: 1316
Merit: 108
One way or another, it is big whales that will first of all affect the stability of the price of Bitcoin, so if we assume too active a rise in the price of Bitcoin in the near future, we would like to see more widespread use of cryptocurrency in everyday life, and not just the use of Bitcoin to make money thanks to it  volatility.  I believe that you really need to fix Bitcoin as a means of payment, so as not to expect a drop in prices again.
full member
Activity: 1330
Merit: 100
C O M B O
predictions like this that make FOMO bitcoin successful later, but I think not this year, I also believe the price of Bitcoin can reach $ 400,000 after halving of course, hopefully it can happen, and don't let you get stuck, because the whale game could be the price of Bitcoin DUMP first before rising to the moon  Wink
hero member
Activity: 2688
Merit: 540
DGbet.fun - Crypto Sportsbook

There is always a possibility especially that the market is very unpredictable but the chance for bitcoin price to reach 400k$ is very less especially if we will be talking like 1-3 years from  now. The market will increase and decrease anytime as this is how the market works from the start therefore increasing that much cannot be achieve easily.

That price can be achieve only if the demand will focus on bitcoin and other currencies will be left behind or the demand of crypto will be spread all over the globe like 80-90% of the countries are open to bitcoin usage which is very difficult to happen.

With that price level then it would already talk about full adoption.Come to think that we do just able to hit 20k mark and
talking about 400k price is really too far to consider in a short span of time and we cant still be sure if the demand would
really be there on upcoming years since nothing is assured in terms of future talks even we do see a potential towards crypto.
I dont even believe on 50k-100k price. How much more on 400k?
jr. member
Activity: 37
Merit: 7
Dave the Wave the analyst who this article author claims correctly predicted last years bitcoin crash, has made a wild speculation again this time as he claims that Bitcoin prices will hit $400k which is an absurd prediction in my personal opinion. Further the author of this article wants us to believe that just because Dave got it right once he’ll get it right again, and I do hope that newbies don’t fall for such gimmicks and avoid making investment decisions based on such analysts views.

Quote

In the crypto world, Dave the Wave’s predictions always carry significant weight. This is after he predicted in July last year that BTC would enter a parabolic downtrend, and Bitcoin price fell from $11,600 to $6,425 as he predicted.

With Dave the Wave’s previous prediction coming true in the past, this lends credence to this forecast.


Author is a newbie first he claims it’s a reliable prediction, and then goes on to questioning it :
Quote

As to how BTC would increase to these prices remains a mystery, especially for greenhorns in the industry. However, it is not the first time Bitcoin hikes by a seemingly unthinkable amount.


Source:

https://www.cryptopolitan.com/btc-price-to-hit-400k-dave-the-wave/
There is always a possibility especially that the market is very unpredictable but the chance for bitcoin price to reach 400k$ is very less especially if we will be talking like 1-3 years from  now. The market will increase and decrease anytime as this is how the market works from the start therefore increasing that much cannot be achieve easily.

That price can be achieve only if the demand will focus on bitcoin and other currencies will be left behind or the demand of crypto will be spread all over the globe like 80-90% of the countries are open to bitcoin usage which is very difficult to happen.
Maybe we'll see in 2022 if his predicted price would come true because $400k is massive amount no matter who you ask in the cryptoworld. Though the price of BTC is very unpredictable and even the people in the past would not have expected that it would go this much as what the current price is. Well 2029 is very far and a lot of things would unfold so let's see if the prediction is a total nonsense or if it would happen. But I find it more useful if we talk about the prices more in a not-so-far into the future because talking about $400k in nine years today doesn't make any much of a sense in my opinion.
hero member
Activity: 2926
Merit: 567
Dave the Wave the analyst who this article author claims correctly predicted last years bitcoin crash, has made a wild speculation again this time as he claims that Bitcoin prices will hit $400k which is an absurd prediction in my personal opinion. Further the author of this article wants us to believe that just because Dave got it right once he’ll get it right again, and I do hope that newbies don’t fall for such gimmicks and avoid making investment decisions based on such analysts views.

https://www.cryptopolitan.com/btc-price-to-hit-400k-dave-the-wave/

Even if he hit right on his first prediction I would like to see concrete proofs or events that can lead Bitcoin to reach a certain price, I believe in cause and effect, if there is a cause there is an effect brought by that cause, based on his next predictions those are all predictions and assumption, we can make a reliable prediction on how the price will get after we are done with our present situation.
hero member
Activity: 1932
Merit: 506
Betking.io - Best Bitcoin Casino
Dave the Wave the analyst who this article author claims correctly predicted last years bitcoin crash, has made a wild speculation again this time as he claims that Bitcoin prices will hit $400k which is an absurd prediction in my personal opinion. Further the author of this article wants us to believe that just because Dave got it right once he’ll get it right again, and I do hope that newbies don’t fall for such gimmicks and avoid making investment decisions based on such analysts views.

Quote

In the crypto world, Dave the Wave’s predictions always carry significant weight. This is after he predicted in July last year that BTC would enter a parabolic downtrend, and Bitcoin price fell from $11,600 to $6,425 as he predicted.

With Dave the Wave’s previous prediction coming true in the past, this lends credence to this forecast.


Author is a newbie first he claims it’s a reliable prediction, and then goes on to questioning it :
Quote

As to how BTC would increase to these prices remains a mystery, especially for greenhorns in the industry. However, it is not the first time Bitcoin hikes by a seemingly unthinkable amount.


Source:

https://www.cryptopolitan.com/btc-price-to-hit-400k-dave-the-wave/
There is always a possibility especially that the market is very unpredictable but the chance for bitcoin price to reach 400k$ is very less especially if we will be talking like 1-3 years from  now. The market will increase and decrease anytime as this is how the market works from the start therefore increasing that much cannot be achieve easily.

That price can be achieve only if the demand will focus on bitcoin and other currencies will be left behind or the demand of crypto will be spread all over the globe like 80-90% of the countries are open to bitcoin usage which is very difficult to happen.
full member
Activity: 994
Merit: 103
Mostly predictions coming from unknown and known personalities are totally insane how come btc will reached $400k if btc cannot even go back to 15,000 price.
sr. member
Activity: 1036
Merit: 275
Predicting such a high price for bitcoin is unrealistic and not likely to happen. The highest bid I will take in the game of guess about bitcoin price after halving will be $15K. Let's not exaggerate because economies are down and starting to pick up gradually. Bitcoin will never achieve this $400K unless new investors start investing in it as well.
legendary
Activity: 2179
Merit: 1201
After all what happens in the world right now 400k sounds realistic to me. If you told me 40k 3 months ago I would say impossible.

I am fully invested in bitcoin but now have a bit of savings and honestly if I leave it as fiat it will be worthless soon.  This fake pandemic has some bigger reasons we dont understand yet.
member
Activity: 560
Merit: 13
Gosh!!! That's probably a big number for sure, let's give predictions for recent market rather than going for next decade. I agree BTC is a very powerful crypto asset and a long-term investment but keep in mind that it's not so easy for 400k, for me it's very very expensive and I don't think it will reach that price till next decade..
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
I would make my own prediction for bitcoin price can hit $150k-$250k, but I cannot say when it will happen Grin

If we multiply by 20x by looking back to history, then yes, we will see $400k as the highest price. But that is not logical for me as we are not sure if the bitcoin price will increase 20x. Maybe that price will make sense for the next 5 years in the next halving Grin
sr. member
Activity: 1512
Merit: 316
It is possible specially that physical money are worthless right now due to crisis that the world is facing. But I guess maybe soon enough where the world regulate crypto.

Crypto is future and will have much more value than its present value. Buy not sure that anything can be so expensive which just does not add much rationale to me. Anything every person has their own perspective and one should identify where they see the value of a coin and how is the future shaped for it. If it looks good one should stay invested and keep buying at lows.

member
Activity: 980
Merit: 62
Dave the Wave the analyst who this article author claims correctly predicted last years bitcoin crash, has made a wild speculation again this time as he claims that Bitcoin prices will hit $400k which is an absurd prediction in my personal opinion. Further the author of this article wants us to believe that just because Dave got it right once he’ll get it right again, and I do hope that newbies don’t fall for such gimmicks and avoid making investment decisions based on such analysts views.

Quote

In the crypto world, Dave the Wave’s predictions always carry significant weight. This is after he predicted in July last year that BTC would enter a parabolic downtrend, and Bitcoin price fell from $11,600 to $6,425 as he predicted.

With Dave the Wave’s previous prediction coming true in the past, this lends credence to this forecast.


Author is a newbie first he claims it’s a reliable prediction, and then goes on to questioning it :
Quote

As to how BTC would increase to these prices remains a mystery, especially for greenhorns in the industry. However, it is not the first time Bitcoin hikes by a seemingly unthinkable amount.


Source:

https://www.cryptopolitan.com/btc-price-to-hit-400k-dave-the-wave/

Those articles are just trying to attract more viewers.
There is not any analysis that can show that the price is going to hit 400k. We are still struggling to hit the ATH and those guys say that they can show in the charts that the price is going to be up so much...
legendary
Activity: 3472
Merit: 10611
~
Do you really think that it would have high chances?

yes i do really think that it is a strong possibility that bitcoin price is going to reach $400k and not just that i still believe that much higher prices such as a million is a possibility. but i say mass adoption is needed for $1 million not something like $400k, for the later we already have enough adoption. right now about 4 or 5 big countries have adopted bitcoin as a legal currency and the adoption is growing there much faster than anywhere else.
the price doesn't reflect this now because of panic, manipulation and the world economy being on the brink of a disaster.

note that i'm not talking about any time-frames here. if i were to "predict" i would say $400k is an easy possibility as the next bubble target that could be reached by the end of 2020 or early 2021 then the realistic price after that bubble pops would be somewhere around $170k-$200k.
$1 mil could take another decade or more though.
legendary
Activity: 3710
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
I assume people who are making these kinds of predictions are not doing it because they believe it, but because they want to get attention at a big way and get their names out there. Think about it, if he came out and said "bitcoin will be 8k in the following months until end of summer" would you really see that as news worthy?

Do you really think he would get his own topic at bitcointalk which has nothing to do with where the article was written? Dude said 400k and thanks to that his name is everywhere now, which I assume what he was going for. Another possibility that he just wanted to say 400k so he could probably get a lot more people interested in bitcoin, when you say 8k not a lot of eyebrows are raised, but when you say 400k you make some people check what bitcoin is.
hero member
Activity: 2828
Merit: 518
This really an optimistic prediction and that because he is right at its prediction before, he can always be right. And this not the basis for he can predicted right for the incoming.
$400k is quite high for Bitcoin to reach even hypes will play again.  I shouldn't be fool into this nor I have see the market will go that far. If that he says we will reach $40k, maybe I was convinced. Even though I was optimistic about the market to grow but I have to think of some instances that being too much will never look good and unrealistic end.
legendary
Activity: 3094
Merit: 1127
One more exaggerated prediction, that is how this sounds to me.
Yes, the world has entered the nee global crisis and no one can't tell how long will it last and when will it end. In such circumstances many beleive that Bitcoin might get an extra value. That is possible and the price might go on the rise again however don't expect some huge jump over night. To reach 10000$ will be quite a challenge again.
Also, don't forget that the opposite scenario is possible too and the price might fall as well.

I dont know on whats up to their minds when it comes to those kind of predictions.If we do really just think carefully on what would be the basis then its just total nonsense to think for 400k price.We cant even hit nor break its previous ATH and we should be at least consider that thing first before going beyond border or prices.I cant even think of on how in the world would able to reach that unrealistic price in a short time or wont really able to reach at all.
If we do talk about 30-50k then i might agree or somewhat realistic but for 400k? 99% for it not to happen unless if the entire world
switched up to btc. LOL!

in a short amount of time? sure it is impossible. just like it was impossible to reach previous ATH $20k in short time when price was still trying to break the $600 resistance.
but is it really impossible? you know your comment reminds me of all the same comments that we saw back in 2016 from people saying $2k is realistic and anything higher than that needs the whole world to switch to bitcoin. now we can't even imagine price being $5900 let alone be $2000.
Well, nothing can really foresee on what would happen to future thats why speculation would either happen or not but come to think that $600- $2k or go to 20k ATH isnt really that far to happen if we do base up with value but come to think from $7k - $400k.. Then sorry to say that i dont really believing that much into this possibility.We do need global adoption with this one plus computing the entire capitalization.Do you
really think that it would have high chances?
legendary
Activity: 3472
Merit: 10611
One more exaggerated prediction, that is how this sounds to me.
Yes, the world has entered the nee global crisis and no one can't tell how long will it last and when will it end. In such circumstances many beleive that Bitcoin might get an extra value. That is possible and the price might go on the rise again however don't expect some huge jump over night. To reach 10000$ will be quite a challenge again.
Also, don't forget that the opposite scenario is possible too and the price might fall as well.

I dont know on whats up to their minds when it comes to those kind of predictions.If we do really just think carefully on what would be the basis then its just total nonsense to think for 400k price.We cant even hit nor break its previous ATH and we should be at least consider that thing first before going beyond border or prices.I cant even think of on how in the world would able to reach that unrealistic price in a short time or wont really able to reach at all.
If we do talk about 30-50k then i might agree or somewhat realistic but for 400k? 99% for it not to happen unless if the entire world
switched up to btc. LOL!

in a short amount of time? sure it is impossible. just like it was impossible to reach previous ATH $20k in short time when price was still trying to break the $600 resistance.
but is it really impossible? you know your comment reminds me of all the same comments that we saw back in 2016 from people saying $2k is realistic and anything higher than that needs the whole world to switch to bitcoin. now we can't even imagine price being $5900 let alone be $2000.
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