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.
Topic: Bitcoin Price to hit $400k a prediction by an analyst *face palm* - page 3. (Read 604 times)
April 19, 2020, 04:34:50 PM
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.
April 19, 2020, 03:44:52 PM
What we are experiencing at present is the growth that has taken place in around ten to twelve years of time. During those days very few believed that the price will reach high as we experienced during the previous bull trend. Likewise is the prediction by the experts. We can hit higher and higher, as the user community and access keeps widening.
April 19, 2020, 02:37:56 PM
I think we’ll go above $100,000 & probably before 2022 but $400,000 is pushing it in this cycle. I mean fucking hell, I’d love to be wrong but I think $400,000 will be after the 2024 halving so you’re looking at in 2025 or something.
April 19, 2020, 02:31:35 PM
$400 will be possible for bitcoins but when? Around the current pandemic scenarios I doubt it may not be even in 2021 (previously I was confident about having a new ATH by end of this year and another ten to 20 fold growth in 2021 but corona spoiled everything, it seems).
If there will be any curing and preventing vaccine against corona then we again need to do all new math.
@davthewave could turn again accurate as they expect $400 on next spike which may be in 2021 or later on. I am always having no doubt about the long term targets for bitcoins as my ten year speculation on bitcoin price levels would be twenty millions. The difficult one is what is going to happen in short term like what would be the bitcoin price by end of this April or May.
If there will be any curing and preventing vaccine against corona then we again need to do all new math.
@davthewave could turn again accurate as they expect $400 on next spike which may be in 2021 or later on. I am always having no doubt about the long term targets for bitcoins as my ten year speculation on bitcoin price levels would be twenty millions. The difficult one is what is going to happen in short term like what would be the bitcoin price by end of this April or May.
April 19, 2020, 02:05:01 PM
a lot of people assume every bubble will keep getting smaller in % terms. they might be surprised the next time around. don't be fooled by market cap---bitcoin's lack of circulating supply can do wonders for the price! that's what makes it so hard to to predict.
This is especially true if we collide with a recession.
If anyone with spare funds starts putting $5 or 1-5% of their net worth into bitcoin then we're going to see something weird happen.
I saw an influencer complain that they had put everything into bitcoin and randomely brought it up (and to be honest they were a real random and looked to have very little technical knowledge - the dude had a iPhone 🤣).... We saw retail pull out 5 trillion dollars and most likely put it into accounts with bad interest rates (that could soon turn negative or already have).
Warren buffet also seemed to think bitcoin was a good long for 5 years in 2018 I think but long term didn't look like the best investment (and he's probably disappointed he can't put much in it with Berkshire since market cap here is low)...
April 19, 2020, 01:57:08 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.
If we continue on the last trajectory $300k is what I targeted us at I DO NOT THINK WE WILL HIT THAT but I made it an "optimistic target" and rubbed out my whiteboard...
If we continue on the last trajectory $300k is what I targeted us at I DO NOT THINK WE WILL HIT THAT but I made it an "optimistic target" and rubbed out my whiteboard...
$300-400k is what i have in mind, if bitcoin enters another bubble like 2013/2017. when extrapolating from the previous ATH, that's conservative based on the average of those two runs.
a lot of people assume every bubble will keep getting smaller in % terms. they might be surprised the next time around. don't be fooled by market cap---bitcoin's lack of circulating supply can do wonders for the price! that's what makes it so hard to to predict.
at the risk of sounding overly bullish, it's mostly not a question of if but when. will we go below $3k and stay in a bear market for another year or more? maybe so if the world economy keeps crashing.
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.
If we continue on the last trajectory $300k is what I targeted us at I DO NOT THINK WE WILL HIT THAT but I made it an "optimistic target" and rubbed out my whiteboard...
Tbh I also think if we don't hit $150k in the next 30 months, bitcoin may be as good as dead for being a strategic investment choice... Which is good for me as it'll mean the price will become more stable and we can see more adoption.
(I really thought we were botooming out at 6k too)
If we continue on the last trajectory $300k is what I targeted us at I DO NOT THINK WE WILL HIT THAT but I made it an "optimistic target" and rubbed out my whiteboard...
Tbh I also think if we don't hit $150k in the next 30 months, bitcoin may be as good as dead for being a strategic investment choice... Which is good for me as it'll mean the price will become more stable and we can see more adoption.
(I really thought we were botooming out at 6k too)
April 19, 2020, 12:25:00 PM
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.
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 :
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/
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/
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