Bitcoin to $150K and Ether to $9K - page 5.

exstasie

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Quote from: philipma1957laptop on June 09, 2020, 05:14:54 PM

In the grand scheme of things. btc is worth 170-180 billion as I type.

The USA printed 4 trillion dollars more the 21 times that 180 billion value.

This was done to help the job losses from covid-19 europe printed more then 1.5 trillion euros about 10x the value of btc.

Asian countries are also trying to stimulate their economies by printing money.

We could see big price spikes in all crypto gold and silver. Along with other precious metals.

So the idea of crypto doing a spike to 150k btc and 9k eth is not impossible. but not likely.

How likely would you have said $20K was in early 2016?

Regarding all the money printing, a lot depends on how deflationary (if at all) this recession becomes. If it's just a typical recession like 2008 with only minor deflation, then all the money printing could definitely help propel BTC to new heights. If on the other hand it's another Great Depression with deep debt deflation, then I'm not sure I'd bet on the same outcome, even with central banks doing what they're doing.

carlfebz2

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Another day another speculation that bitcoins price would reach out $XXXXXX amount in year XXXX .

This kind of lines can really be seen from time to time where people do become exaggerated into their wild guesses on where the price would go ahead. Nothing can predict out on where and when it will move.

This had prove out by BTC itself that it can break majorities expectation in a blink of an eye or a short span of time. Just to ask, did someone able to speculate that we would able to hit up that 20k ATH?
Im sure or 100% of us didnt really expect that one.

Experts, analysyst, known CEO or whatsoever. No matter what is their position, it doesnt really count for it to be precise when it comes on dealing with this unpredictable market.

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Quote from: Questat on June 08, 2020, 07:11:01 AM

Blockfyre’s co-founder believes a bull market will return, seeing Bitcoin price rise 1,400% to hit $150,000, and Ether and other solid altcoins making even more impressive gains.

The co-founder of cryptocurrency analysis company Blockfyre believes that a bull run will return, propelling Bitcoin (BTC) to a price of $150,000.

In a tweet on June 4, Simon Dedic suggested that these gains will not be reflected across the entire cryptocurrency market, although the more solid altcoins should also see impressive price action.

source : https://cointelegraph.com/news/analyst-predicts-next-bull-run-will-send-bitcoin-to-150k-and-ether-to-9k

Thoughts please, do you think it's going to happen?

Obvious that this is another bullish thread mate and many of us always longing for this kind of thread.

But the thing is do we really need to believe everything this Bullish people say?

Yeah this is lower than what most of the prediction we read about the price of bitcoin in Bull run but i don't think this is indeed to happen in our days now.

Look how denial we are having this time because of the Pandemic effect of COVID19.

The crisis are going around the world and even the Strongest countries like America and European countries are struggling how to end this.

So better let us just wait for the future prices and stop looking for over pricing.

Ridwan Fauzi

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Bitcoin always has a way to prove it although it seems impossible to happen. There some analysts already who made by some experts, yeah I say them as an expert like Adam Back who predicted bitcoin price could reach $300.000 with or without institutional investor because he looks at the current economic situation. But for me, I won't say it will happen or not I'll just focus on my target to collect bitcoin as much as I can and I'll it for long term investment like ten years and more. Bitcoin has been maturated, there will be many people who will see it as an investment place and even can be competed by gold.

Upgate

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I'm tired of reading article content of bitcoin price predictions. Some of the price prediction can make you wonder how did they get their figures from, how possible or how long will it take for bitcoin to get that said amount.
With the way bitcoin is going in price, $150k is not achievable in 2years time.

STT

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If people could believe BTC was here for sure in ten years then already today it would push past 10k and establish it as a low not a high. Thats yet to happen and there is much incertainity in the world to deal with. Crypto also has to do more to improve its usability for its wider application into the world, it has to be grandma proof and usable even when drunk ie. totally simple like a remote control. Its still too much of a tech product for the savvy and people might think its simple enough but its got to be fool proof or similar, theres a worth in the price and value attributed in making it this way.
9k for ETH seems a little too high unless it deploys contracts to a greater extent and some advantages over BTC, comparison should always be in the total market capitalisation, regular revenue etc. not the price.

Questat

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Quote from: Kelvinid on June 09, 2020, 04:52:40 PM

I supposed to think it really great but the chances of having it reach are actually far. Not even we wait for 10 years, 20 years. We already know the situation and people won't risk their money for when having that price, not even me.

I think in 10 years it's possible, but I could be wrong like you could be wrong, we never know, prediction is just what we can do for now, but no such thing as impossible here, we based our prediction in what we think is realistic but bitcoin can really shoot up high.

Quote from: Kelvinid on June 09, 2020, 04:52:40 PM

Influential people could actually make an easy statement without any basis and this speculation I may thing it is only his imagination. May $50k for Bitcoin and $1k for Ethereum is achievable but not that $150k and $9k. We're not to expect the price to pumps as it just as magic and people buy during that time.

That's what I notice too, because they have a lot of followers but it's always up to us to evaluate such statement, if we think it's possible then we believe and follow it and if not then just simply disregard it, in the case of the OP I posted, I believe bitcoin will reach at this level, but for ETH, it might take some time.

philipma1957laptop

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In the grand scheme of things. btc is worth 170-180 billion as I type.

The USA printed 4 trillion dollars more the 21 times that 180 billion value.

This was done to help the job losses from covid-19 europe printed more then 1.5 trillion euros about 10x the value of btc.

Asian countries are also trying to stimulate their economies by printing money.

We could see big price spikes in all crypto gold and silver. Along with other precious metals.

So the idea of crypto doing a spike to 150k btc and 9k eth is not impossible. but not likely.

Kelvinid

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I supposed to think it really great but the chances of having it reach are actually far. Not even we wait for 10 years, 20 years. We already know the situation and people won't risk their money for when having that price, not even me.
Influential people could actually make an easy statement without any basis and this speculation I may thing it is only his imagination. May $50k for Bitcoin and $1k for Ethereum is achievable but not that $150k and $9k. We're not to expect the price to pumps as it just as magic and people buy during that time.

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Quote from: Harriti on June 09, 2020, 02:26:22 AM

It will never happen. This is one of the daily junk I read in newspaper pages. Exchanges' CEOs often create such news so that more people will have faith in bitcoin and continue to buy and sell it. Such news can also be found at McAfee and Justin Sun. all of them often use the "fomo" strategy to seduce newbies and take all their money. Be careful with news like this.

I know the price prediction is too much especially with ETH but I think it can still happen in time, maybe not next year but on a next 5 years with cryptomarket. The prediction sometimes create a hype and yes FOMO but if you’re a good investor you should know to yourself that investing requires research as well so you have to do your part and don’t need to listen to anyone. I still believe on a higher prices in the future, but I also don’t know when it will happen.

exstasie

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Quote from: Lucius on June 09, 2020, 02:32:25 AM

Quote from: exstasie on June 08, 2020, 07:11:04 PM

Mike Novogratz said he would give up on BTC if it doesn't perform this year. Now that's the kind of skepticism I'm looking for! Sideways until 2021 please!

This only shows that Mike and his kind are interested in Bitcoin just because of money, and I would not be at all sorry if he gave up. What he says this year he also said last year, and I really don’t understand why he persistently pushes that thesis of his that Bitcoin must end the year at $20k? Although some are predicting miracles and a new ATH due to halving this year, it's not at all clear to me why Mike had the same predictions for last year...

I doubt the veracity of his statements that he will "hang his spurs" at the end of this year, because there is a lot of money in the game, and people like him do not give up easily, regardless of all the statements they make over the years.

Probably true.

The issue for me is more that Novogratz (and most everyone else) is bullish and long. The data shows no one is shorting either. As they say, "when everyone has already bought, who is left to buy?"

This is not necessarily a deal breaker for a bull run but it does suggest traders are net long, which implies net sell pressure. The ideal bullish scenario is the opposite: everyone is bearish (already sold) and shorts are high, which implies lots of latent buy pressure if the price doesn't go down.

Chrystora123

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Omicron is another FUD

Bitcoin goes up to $ 150k.. I'm sure it will happen, but it will take a long time (maybe 10-15 years)..

Quote from: Ozero on June 09, 2020, 12:06:57 AM

snip..

Sorry before.. but I'm skeptic Ethereum will be priced at $ 9k. the number of Ethereum increases every year if you look at the current Ethereum circulation which is 111,281,483 ETH (based on CMC) we say the amount of Ethereum does not increase, if the price of Ethereum rises to $ 9k then Ethereum is the number 1 cryptocurrency replacing Bitcoin. I am optimistic that the highest ETH price will only penetrate to $ 4-5k..

hahay

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I'm personally not sure it will happen or it is just a motivation maybe for me personally, it seems very unlikely cryptocurrency without a big adoption and at least there is always resistance from various parties at any time can jump very high quickly, even though it is predicted to occur at 5 years to come or how many years to come, I personally still find it hard to believe but whatever they say, I personally remain confident that the cryptocurrency market will grow but not at such fantastic prices.

FanEagle

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A long term target for bitcoins would be between $150k to $350k which may happen by end of 2021.
A short term target for bitcoins would be around $20k which may happen by end of this year.

But these are all based on the theory of history repeats itself. We had another halving hence its time for testing the current ATH. But, recession might be the unexpected factor, we are currently having which may influence bitcoin prices at any level and that may lead to changes to above speculation accordingly.

Bitcoin needs to attract more number of adopters along with institutional investors then only we can think about having new ATH. At the same time, any prices around the current ATH might lead people get attracted to bitcoin. This is how bitcoin made people to adopt it. It means bitcoin will have some huge price which will lead to hove more adopters which again lead to further huge prices but in between whales dump and buy back Cool

.

7788bitcoin

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Quote from: Lucius on June 09, 2020, 02:32:25 AM

~
This only shows that Mike and his kind are interested in Bitcoin just because of money, and I would not be at all sorry if he gave up. What he says this year he also said last year, and I really don’t understand why he persistently pushes that thesis of his that Bitcoin must end the year at $20k? Although some are predicting miracles and a new ATH due to halving this year, it's not at all clear to me why Mike had the same predictions for last year...

If you are having some followers and if you predict some crazy amount then you will get a headline spot in major news publication and that is the only reason we are hearing all these prediction from people like these. If ETH could reach the all time high valuation i would be surprised but for the price to reach $9k is day dreaming. It would be cool if we have only bitcoin as a speculative coin unless big investors are willing to pump the coin until the bubble is burst.

freedomgo

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Quote from: Harriti on June 09, 2020, 02:26:22 AM

It will never happen. This is one of the daily junk I read in newspaper pages. Exchanges' CEOs often create such news so that more people will have faith in bitcoin and continue to buy and sell it. Such news can also be found at McAfee and Justin Sun. all of them often use the "fomo" strategy to seduce newbies and take all their money. Be careful with news like this.

It wasn't mention a specific date, it says in the next bull run, so it's still possible as we have seen what a bull run can do in the past.
This is a very aggressive prediction but if you are a long time investor in the crypto space, you'll know that nothing is impossible here, we didn't even thought that a 10,000 btc was use to buy a pizza in the past, and it's already almost $100 million at the current price.

https://qz.com/1285209/bitcoin-pizza-day-2018-eight-years-ago-someone-bought-two-pizzas-with-bitcoins-now-worth-82-million/

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Quote from: culuuton on June 09, 2020, 12:45:24 AM

Quote from: Dollar_Hunter on June 08, 2020, 09:24:38 AM

if it is true then people will get rich, if Ethereum gets to $ 9,000 means altcoin can also go to New All Time High, but when will that happen? Grin

That isn't sure, people won't become rich, most will sell before the price hits this record and buyback later. The richers are still the minority, they are the ones who control the game. Predictions are for reference only, don't ask when it happens.

People will become rich if they know when they need to sell the coins, and they don't get greedy for chasing another higher price. They need to have the patience to wait for that time because no one will know when it happens. The only thing they must do is trying to buy more and more of bitcoin, so when the time comes, they are ready to sell all of the bitcoin or half amount or any amount of their bitcoin.

People can predict how much bitcoin price will be, but they will not know the truth. We can take part in the people who control the game by having patience and try to behind on them. But the problem is we don't know who they are and when they will start to move.

Lucius

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Quote from: exstasie on June 08, 2020, 07:11:04 PM

Mike Novogratz said he would give up on BTC if it doesn't perform this year. Now that's the kind of skepticism I'm looking for! Sideways until 2021 please!

This only shows that Mike and his kind are interested in Bitcoin just because of money, and I would not be at all sorry if he gave up. What he says this year he also said last year, and I really don’t understand why he persistently pushes that thesis of his that Bitcoin must end the year at $20k? Although some are predicting miracles and a new ATH due to halving this year, it's not at all clear to me why Mike had the same predictions for last year...

I doubt the veracity of his statements that he will "hang his spurs" at the end of this year, because there is a lot of money in the game, and people like him do not give up easily, regardless of all the statements they make over the years.

Harriti

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It will never happen. This is one of the daily junk I read in newspaper pages. Exchanges' CEOs often create such news so that more people will have faith in bitcoin and continue to buy and sell it. Such news can also be found at McAfee and Justin Sun. all of them often use the "fomo" strategy to seduce newbies and take all their money. Be careful with news like this.

rodskee

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Quote from: culuuton on June 09, 2020, 12:45:24 AM

Quote from: Dollar_Hunter on June 08, 2020, 09:24:38 AM

if it is true then people will get rich, if Ethereum gets to $ 9,000 means altcoin can also go to New All Time High, but when will that happen? Grin

That isn't sure, people won't become rich, most will sell before the price hits this record and buyback later. The richers are still the minority, they are the ones who control the game. Predictions are for reference only, don't ask when it happens.

The greedy nature of human will play big as you mentioned, before it hits that range most of the holders will sell their assets and will
feel sorry after, since they are unable to wait to see this huge value.
If this happened most of those fat big bag holders will continue to gain bigger benefits as they are the one who are willing to take the
ride and maximize all the possible profits.
This speculations can be true but still depends from how investors and supporters will hold and continue to believe with developments
to add more investors to join and participate to this journey.
Lets hope for the best and what future will bring to this industry.

Topic: Bitcoin to $150K and Ether to $9K - page 5. (Read 1321 times)