Bitcoin Price to hit $400k a prediction by an analyst *face palm* - page 2.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Quote from: sheenshane on April 20, 2020, 05:51:42 AM

Quote from: jossiel on April 20, 2020, 05:32:04 AM

snipped-
It doesn't mean just because he got right about the bear market means that he can have it guess perfectly again.

You have a point there, it might be also that moment was a coincidence that he predicted perfectly with his price prediction. And now, he again claimed a prediction of Bitcoin price on his own. But if you really deeply think, the Bitcoin price is unpredictable.

We are now in a global economic crisis and probably we're already at recession stage but look at the price of Bitcoin it is showed us an improvement in the market. So I don't think it will drop again below $5k. However, it might be also he was right, but who knows. Let just see what will happen, if will predict again the third time, and I will believe that guy.

It could be by chance and he predicted it correctly. As for the unpredictability of bitcoin, yes it's always like that. There can be hundreds of predictions that may come to us base on what they think about the market status.

Honestly, it's just making me impressed with how bitcoin reacted to the global pandemic. It has plunged under $5000 and it was before WHO declared covid19 as a pandemic, CMIIW.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

Author inconsistency? Cheesy

There is no prediction that is accurate and I bet the author is also having the same problem.

He must be shocked at how far the predictor would want to reach the bitcoin price.
It could happen but not while there is trading that is happening.
They would easily withdraw from that number if it happens in a blink.
We will surely see a great dump after that. So yes, it could happen but it won't take long.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: bitbunnny on April 20, 2020, 02:59:59 PM

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!

bitbunnny

legendary

Activity: 2912

Merit: 1068

WOLF.BET - Provably Fair Crypto Casino

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.

FanEagle

legendary

Activity: 2884

Merit: 1117

I get that the author would imagine bitcoin went up before and could still do that yet again however he is not a financial savvy person obviously, doesn't know the difference of 100% increase from 100 dollars to 200 dollars versus 100% increase from 10k to 20k, let alone an increase to 400k which would be financially impossible right now when there is not even that much money available for investing anywhere let alone using it for bitcoin.

Even if all of USA that received 1200 dollars for free would use that to buy bitcoins, that wouldn't be enough to put bitcoin over 400k, we are talking about THAT much money. However an increase is likely, not to 400k obviously but over 10k looks like a big possibility for this year, so I can share the sentiment at least.

ScamViruS

hero member

Activity: 1876

Merit: 721

Top Crypto Casino

Quote from: Gozie51 on April 20, 2020, 06:12:12 AM

Quote from: ScamViruS on April 19, 2020, 04:12:16 PM

Giving a target doesn't matter. But how much of that is a matter of reality. If someone said in 2013 that Bitcoin would go 20k in the future, would you believe it? But in reality it has. I'm very optimistic about bitcoin. I don't want to say anything about price prediction at this time. I want to see the previous ATH cross. Because if the ATH crosses, I think the real game will start.

Somehow too you seem to be pessimistic at the end too to wait for ATH before believing or expecting bitcoin to get as high as that Grin

To say the fact , from your earlier sentence, nobody really believed bitcoin to hit 20k but it did in 2017. Now it is still possible to have a major run above and higher than the already hit ATH and who knows the next price high.

As I said. I personally believe that Bitcoin will hit big targets in the future. I have already prepared for this. Now just see which way the market is going. What I said about crossing Ath does not mean that I will take my position if Bitcoin cross Ath. Ath crossing is important because after that the real game will start, price discovery can give Bitcoin a huge bull market.

$crypto$

legendary

Activity: 2394

Merit: 1049

Smart is not enough, there must be skills

But are the predictions in the article for this year or in the future? Lol Grin

There have been many predictions like this before but nothing makes sense and it is beyond reason in my opinion, prices are currently low then they say $ 400k will happen I am impossible and might fool the beginners or might want to be the main topic so that many visitors to the article, that's not cool enough.

Whatever happens that prediction is wrong and bitcoin still hasn't reached 50k let alone this 400k maybe a lot of people will laugh. Cheesy

Reid

hero member

Activity: 3052

Merit: 651

The good thing is, you will not go to jail by just predicting something. Cheesy

$400k is a far price to be compared now.
If it does happen then I might consider selling all out.
That is, if the value of $1 is still the same as now.

I could just live in another country and spend my life resting while my kids and grand kids is having a better life too. Grin

But it might not. It is a dream. I woke up just now.

Snappycoco

member

Activity: 534

Merit: 19

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.

Gozie51

hero member

Activity: 2660

Merit: 630

Vave.com - Crypto Casino

Quote from: ScamViruS on April 19, 2020, 04:12:16 PM

Giving a target doesn't matter. But how much of that is a matter of reality. If someone said in 2013 that Bitcoin would go 20k in the future, would you believe it? But in reality it has. I'm very optimistic about bitcoin. I don't want to say anything about price prediction at this time. I want to see the previous ATH cross. Because if the ATH crosses, I think the real game will start.

Somehow too you seem to be pessimistic at the end too to wait for ATH before believing or expecting bitcoin to get as high as that Grin

To say the fact , from your earlier sentence, nobody really believed bitcoin to hit 20k but it did in 2017. Now it is still possible to have a major run above and higher than the already hit ATH and who knows the next price high.

davis196

hero member

Activity: 3164

Merit: 937

And how this "Dave the Wave" predicted the last year Bitcoin price crash?Any good detailed analysis posted by this "analyst" somewhere online?I'm sure that he was just guessing and he got right by almost pure luck.
A 400K USD Bitcoin price means trillions of dollars invested in the cryptocurrency markets.It also means mass BTC adoption across all major and middle-sized companies,banks and investment funds.
I simply can't see this happening.

sheenshane

legendary

Activity: 2492

Merit: 1232

Quote from: jossiel on April 20, 2020, 05:32:04 AM

snipped-
It doesn't mean just because he got right about the bear market means that he can have it guess perfectly again.

You have a point there, it might be also that moment was a coincidence that he predicted perfectly with his price prediction. And now, he again claimed a prediction of Bitcoin price on his own. But if you really deeply think, the Bitcoin price is unpredictable.

We are now in a global economic crisis and probably we're already at recession stage but look at the price of Bitcoin it is showed us an improvement in the market. So I don't think it will drop again below $5k. However, it might be also he was right, but who knows. Let just see what will happen, if will predict again the third time, and I will believe that guy.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Not impossible but that's too much prediction. It doesn't mean just because he got right about the bear market means that he can have it guess perfectly again.

This makes people greedier of such high claims. I'm ok with the lesser amount that we might see within the next few months or a year or two. With those realistic prices, that will make the adoption better but if it bubbles again, we will see.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

Well, it isn't impossible. Though adopting an attitude of believing one guy after getting one prediction right might be the wrong one instead. There are talks of the recession coming in after the latest events/damages of the virus impact were finished. If traders/financers adopted to use BTC, believed it to be a safe asset then really, the amount that BTC would blow up would be more than what we can imagine. It may even exceed the said price of $400k. Not to mention that most of the current supply out there hasn't been moving that much, leading to the situation where the current supply that is being circulated in exchanges is actually much less than the released supply after a decade of its release.

adaseb

legendary

Activity: 3808

Merit: 1723

Bitcoin has a tendancy to have these bubbles simply due to the fact of short supply. If you were around in late 2017 you would of realized that many people wanted to buy bitcoin but couldn't because bitcoin ATMs and certain foreign exchanges simply ran out of bitcoins left to sell.

So what happens when there is huge demand and absolutely no supply, prices skyrocket. Eventually people who are holding BTC realise that they are "rich" so they send their coins from cold storage to an exchange and sell it, and then the price starts to go down.

Its possible for this to happen again. If we break $20K, we will slowly go to $25K but once $50K is broken, we can easily go to $100K from there since almost everybody sold and no more sellers.

pooya87

legendary

Activity: 3472

Merit: 10611

$400k price itself is not a strange or impossible price to reach, predicting it is also not a terrible thing to warrant a "face palm"!
but starting the so called "prediction" with preceding the person saying it is some sort of expert is the absurd part. if you check all the newbies who make wrong predictions you can see a lot of them make similar claims to this dude that OP mentions, they first start claiming they have made perfect predictions in the past to try and fool the reader into thinking they are "experts" then continue by making some nonsense prediction for the future.
otherwise the real experts don't need to pretend anything, their history speaks for itself not to mention that they don't waste their time making public predictions in first place!

The Sceptical Chymist

legendary

Activity: 3528

Merit: 7005

Top Crypto Casino

Quote from: jackg on April 19, 2020, 12:29:37 PM

If you came to me in 2016 and told me, when we were at $1k a bitcoin, that we were going to 20- would I have called you stupid? Probably.

Same here. I never would have even imagined bitcoin would touch $10k back in 2015-16 when it was less than $1k--but it did. However, $400k is another story. Having been so wrong in the past, I now wouldn't rule anything out but that level seems like it would take a long time to reach, especially when the health of the world economy is questionable (at best) because of the coronavirus outbreak.

Personally, I'm just happy bitcoin didn't sink more than it did in the past month and a half. I doubt it's going to reach $10k this year, and if it ever does go to $400k it's going to be years--or at least, that's my best guess, which is probably as good as anyone else's.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

Quote from: exstasie on April 19, 2020, 04:34:50 PM

It's in the realm of possibility.

Look at the last bull market, 2015-2017. Bitstamp hit the bottom at $152.40 and topped at $19,666. That's a 12,900% gain. If we use $3,850 as the bottom, a 12,900% gain = $496,650.

That was close to reality.
2015-2017 has a 2yrs gap.

So if we consider that $3,850 (this year) therefore, we can expect that Bitcoin will reach $400k 2 years from now and that is 2022. That is totally amazing and I hope DAVE is right and I have to write this on my notebook for me to capture what will happen in the next two years.

But we should also think about volatility that makes things work differently as we expect to happen in the future. Even though there is a possibility but I'm not really confident about it.

24Kt

member

Activity: 1092

Merit: 67

Quote from: exstasie on April 19, 2020, 04:34:50 PM

It's in the realm of possibility.

Look at the last bull market, 2015-2017. Bitstamp hit the bottom at $152.40 and topped at $19,666. That's a 12,900% gain. If we use $3,850 as the bottom, a 12,900% gain = $496,650.

Good numbers that are great to see. I wonder how near we will achieve that number in the next couple of years. But at the moment, I am curious how much will be the bitcoin price after this halving in May.

pixie85

hero member

Activity: 2184

Merit: 531

I've read some predictions that I agree with and those were basically saying that Bitcoin is an all or nothing asset and in the next 10 years it will go to a million dollars or almost 0.

If you compare the value of a typical payment platform or an international bank it can be many times more valuable than Bitcoin. If bitcoin relally becomes the digital gold that people want it to be it's going to become more valuable than some small countries and a million dollars per coin is not going to be out of reach.

On the other hand it can like many technologies become abandoned and forgotten. 400 thousand is not much really.

Topic: Bitcoin Price to hit $400k a prediction by an analyst *face palm* - page 2. (Read 604 times)

Topic: Bitcoin Price to hit $400k a prediction by an analyst face palm - page 2. (Read 604 times)