Bitcoin Will Surge to 62k! | Bitcointalksearch.org

arpon11

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Quote from: Febo on June 21, 2019, 08:57:05 AM

Quote from: Muzika on June 17, 2019, 10:04:15 PM

"Although theories regarding any massive parabolic movements in the near-future remain purely speculative, one prominent analyst is now noting that Bitcoin could surge to above $60k based on historical price movements, which could happen as soon as Fall of this year."

-https://www.newsbtc.com/2019/06/18/bitcoin-historical-analysis-signals-that-btc-could-surge-to-62k-later-this-year/

This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who do not know crypto yet.

That is actually a possible outcome. This bitcoin cycle might not repeat the last one but the 2013 one when there were 2 bull runs. April and December. So this $62k ATH can be the April 2013 $230 ATH. And then we wait for December 2013 $1200 to finish this cycle. I am not sure if this first bull run is possible this year. But definitely should happen next year. The second one will be about a year later.

This is speculation Sir and strongly believe that it might come to pass as the next bull is about to commence. I think bitcoin is going to explode after $10,000. The 2013 first bullish run is going to repeat at this time though, it might not get to $62,000 but we should expect significant changes in Bitcoin price. If I were those that buy Bitcoin or have in mind to buy Bitcoin when it falls from around $20,000 to $10,000 in 2017 to the middle of 2018 I will take another investment decisions again as now we are more positive than then.

Slow death

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Quote from: Muzika on June 17, 2019, 10:04:15 PM

"Although theories regarding any massive parabolic movements in the near-future remain purely speculative, one prominent analyst is now noting that Bitcoin could surge to above $60k based on historical price movements, which could happen as soon as Fall of this year."

another exaggerated forecast, I can agree that someday it will be possible to see the price reach $ 30,000, it may be 5 years from now, but $ 60,000 by October this year? is a very high price and impossible to be reached. Where do they get these exaggerated forecasts? will be that before posting these predictions these guys think and do some kind of analysis?

Febo

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Quote from: Muzika on June 17, 2019, 10:04:15 PM

"Although theories regarding any massive parabolic movements in the near-future remain purely speculative, one prominent analyst is now noting that Bitcoin could surge to above $60k based on historical price movements, which could happen as soon as Fall of this year."

-https://www.newsbtc.com/2019/06/18/bitcoin-historical-analysis-signals-that-btc-could-surge-to-62k-later-this-year/

This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who does not know crypto yet.

That is actually possible outcome. This bitcoin cycle might not repeat last one but the 2013 one when there were 2 bull runs. April and December. So this $62k ATH can be the April 2013 $230 ATH. And then we wait for December 2013 $1200 to finish this cycle. I am not sure if this first bull run is possible this year. But definitely should happen next year. Second one will be about a year latter.

timerland

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Quote from: Muzika on June 17, 2019, 10:04:15 PM

"Although theories regarding any massive parabolic movements in the near-future remain purely speculative, one prominent analyst is now noting that Bitcoin could surge to above $60k based on historical price movements, which could happen as soon as Fall of this year."

-https://www.newsbtc.com/2019/06/18/bitcoin-historical-analysis-signals-that-btc-could-surge-to-62k-later-this-year/

This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who does not know crypto yet.

It seems like yesterday when the mainstream media seemed to be ultra-bearish and calling for bitcoin's demise every single day. It just goes to show how sensationalist they are, and how much they are influenced by mainstream investor sentiment. It is a quality indicator of market sentiment, though, I'll tell you that. As to the actual analysis, not so much.

Right now, I would not jump to conclusions and say that BTC will even move above the all time high by this year. Let's not forget the fact that this bull market is still in its infancy and will likely see a lot of resistance at least for the latter part of the year, as investors are still somewhat uncertain as opposed to fully euphoric as what happened in 2017.

I think that given the improved fundamentals, such as LN and the recent inflood of institutional investors, and their BTC-based trading activities, these predictions of a 6 figure bitcoin are not entirely possible - but I feel like that they are based off arbitrary numbers as opposed to any tangible evidence. And if they were to happen, I think they will occur much closer towards 2020 when halving will have a psychological factor on investors, as opposed to now.

Questat

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Quote from: samcrypto on June 20, 2019, 10:46:07 PM

Quote from: rhomelmabini on June 18, 2019, 07:22:56 AM

I am awaiting for 2020 that if $500k will not happen John McAfee will eat his dick on national TV. If at least beating the ATH happens I'll be happy about it, because that's more realistic, FOMO will happen again on the market.

I don’t care it he will eat his dick or not but this guy is really not good in cryptomarket, that’s too my speculation and he is just make people panic. $62k might be hit not because of any prediction of any celebrities but its more on new changes like the next halving in 2020, $30k is my prediction un the mid term of 2020.

John McAfee have some serious problem on the way he thinks, you can't trust this guy.

Check out the latest news about him. It's funny. Grin

McAfee’s Body Double Was Poisoned, John Blames The US Government

samcrypto

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Quote from: rhomelmabini on June 18, 2019, 07:22:56 AM

I am awaiting for 2020 that if $500k will not happen John McAfee will eat his dick on national TV. If at least beating the ATH happens I'll be happy about it, because that's more realistic, FOMO will happen again on the market.

I don’t care it he will eat his dick or not but this guy is really not good in cryptomarket, that’s too my speculation and he is just make people panic. $62k might be hit not because of any prediction of any celebrities but its more on new changes like the next halving in 2020, $30k is my prediction un the mid term of 2020.

Shinpako09

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Take it easy man, you're getting too much excited because of the rise we are having. We'll be there soon, if not next year maybe in the next chance of having ATH again and so on. I'll think of new ATH later. As of now, let's see and wait if btc can sustain $10k once we reached it. If btc show resistance in $10k and moved up again then it's very clear we are on our way in setting a new ATH.

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Quote from: BrewMaster on June 19, 2019, 12:00:19 PM

Quote from: UnDerDoG81 on June 19, 2019, 07:01:10 AM

I start noticing positive news in German media. FOMO is building slowly. 60k is possible. And my target point is 50k.

i am noticing it in other places too, for example another forum (unrelated to bitcoin) that i sometimes visit has been having a couple of heated bitcoin topics talking about it.
this is somehow starting to look like 2016 again as we get closer to halving and people come back after the big recovery and the hype builds up.

That's good, it shows the growth of bitcoin as well the market widening. Everyone has similar opinion that the market is same as the past, over the days of 2016 the growth was almost in the same pattern taking place in a gradual manner. Further the expectation based on halving kept people to hold it for a longer time period. The one who kept hold profited with the 2017 bull market which got ignited by the days close to halving.

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Quote from: Muzika on June 17, 2019, 10:04:15 PM

"Although theories regarding any massive parabolic movements in the near-future remain purely speculative, one prominent analyst is now noting that Bitcoin could surge to above $60k based on historical price movements, which could happen as soon as Fall of this year."

-https://www.newsbtc.com/2019/06/18/bitcoin-historical-analysis-signals-that-btc-could-surge-to-62k-later-this-year/

This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who does not know crypto yet.

Well it's free to speculate and we have different opinions and I think that the price is continuously move up iit will possible to reach $64k price this year. Hopefully it will be happen to it will be great for all.

Lanatsa

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Quote from: South Park on June 20, 2019, 04:18:29 PM

Quote from: Muzika on June 17, 2019, 10:04:15 PM

"Although theories regarding any massive parabolic movements in the near-future remain purely speculative, one prominent analyst is now noting that Bitcoin could surge to above $60k based on historical price movements, which could happen as soon as Fall of this year."

-https://www.newsbtc.com/2019/06/18/bitcoin-historical-analysis-signals-that-btc-could-surge-to-62k-later-this-year/

This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who does not know crypto yet.

It seems that we are back at the stage where people are going to begin to throw all kind of wild speculations about where the price might go, and in order to bring more traffic to their website they will begin to give higher numbers and weak explanations about why that price may be reached, now do not get me wrong if bitcoin reached a price anywhere close that level I will be the first person to celebrate and being euphoric about it, but I am not counting on that prediction to become true.

Dont be surprised and same as yours im already get used to it for these kind of wild predictions when it comes to prices.
They do took advantage and fooling up people by clickbait into their site.$62k is too much and its really very unrealistic for people to claim.
Why not people would just stick out first on how to break the previous ATH?

South Park

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Quote from: Muzika on June 17, 2019, 10:04:15 PM

"Although theories regarding any massive parabolic movements in the near-future remain purely speculative, one prominent analyst is now noting that Bitcoin could surge to above $60k based on historical price movements, which could happen as soon as Fall of this year."

-https://www.newsbtc.com/2019/06/18/bitcoin-historical-analysis-signals-that-btc-could-surge-to-62k-later-this-year/

This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who does not know crypto yet.

It seems that we are back at the stage where people are going to begin to throw all kind of wild speculations about where the price might go, and in order to bring more traffic to their website they will begin to give higher numbers and weak explanations about why that price may be reached, now do not get me wrong if bitcoin reached a price anywhere close that level I will be the first person to celebrate and being euphoric about it, but I am not counting on that prediction to become true.

BrewMaster

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Quote from: UnDerDoG81 on June 19, 2019, 07:01:10 AM

I start noticing positive news in German media. FOMO is building slowly. 60k is possible. And my target point is 50k.

i am noticing it in other places too, for example another forum (unrelated to bitcoin) that i sometimes visit has been having a couple of heated bitcoin topics talking about it.
this is somehow starting to look like 2016 again as we get closer to halving and people come back after the big recovery and the hype builds up.

qwertyup23

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Well anything could happen as no one can ACCURATELY predict what will be bitcoin's price in the following years to come. History of its price may show an upward scale since this year's third quarter showed signs that its price may surge. But purely basing it on historical data may give inaccurate conclusion as external factors (such as: massive bitcoin ban, prohibitions, unexpected market scams, etc.) should be also considered.

It is still highly advisable to at least HODL the bitcoins you are willing to risk and lose.

SquallLeonhart

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62k is too specific to be considered an acceptable price. I mean 20k was a round number, 10k is a round number, usually people make stuff up with round numbers too, like "bitcoin will be 100k" or "bitcoin will be 1 million dollars each" like john mcaffee told us couple years ago which I think is crazy but who knows this is bitcoin maybe it will be a million dollars each in decades, not now but its possible to happen in the long long long future.

However, one thing is for sure that bitcoin will break 20k, I am 100% sure that we are going to break 20k very soon, I believe it will happen before 2020 halving as well because the reality is that halving will make sure miners earn less even though they are now making more money with transaction fees but the fees are getting lower with segwith and LN as well so they will be selling for a lot higher price than current one which will help us get to 20k.

buwaytress

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You'll note that none of the bulls in the speculation game threads (check those out, you can't miss them) have even predicted half of this amount... by Autumn 2019 no less!

Sadly, I have not managed to insert any new names into my head after getting tired of Tom Lee et al... so I'm afraid DonAlt rings no bells and will probably not even if I come across him in future.

Edit: Ah Galaxy, of course. Basically, he's only saying IF this is just like 2017 (which it's not heh).

UnDerDoG81

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I start noticing positive news in German media. FOMO is building slowly. 60k is possible. And my target point is 50k.

jademaxsuy

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Quote from: Muzika on June 17, 2019, 10:04:15 PM

"Although theories regarding any massive parabolic movements in the near-future remain purely speculative, one prominent analyst is now noting that Bitcoin could surge to above $60k based on historical price movements, which could happen as soon as Fall of this year."

-https://www.newsbtc.com/2019/06/18/bitcoin-historical-analysis-signals-that-btc-could-surge-to-62k-later-this-year/

This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who does not know crypto yet.

This is a purely speculations and basing only on the graph of bitcoin market price movement that had made ATH from the past specifically in the year of 2017. But, I do not think that it will going to happen for whales also are ready to sell their holdings once their target profit will be reach. Aside from that short term holders also will going to sale their holdings following the flow of bitcoin market price movement.

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Has anyone really read who is behind this speculation? Some guys who post their TA on Twitter based on their playing with history charts which say that because of some things which happens in past bitcoin will reach "$62 000 by the end of October", and not 2020 or same year after that, but this year, or to be more accurate in just 4 months. Too bad they do not say from where will come all that money which will pump price from $9k to $60k in such short time, so I can sell everything I have (including one kidney) and go all in BTC.

Quote from: avikz on June 17, 2019, 10:16:09 PM

If this happens, it will do much devastation that you can think of. Millions of people will be arrested by the financial regulatory agencies because these people will become millionaires or even billionaires in a very short span.

I do not see why anyone should be arrested if he earned the profit legally and paid the tax on it? Also someone who has 1 BTC or maybe 5 BTC will not become millionaires if price hit $60k, and there is no too much people who have 15 BTC+ today. In the end, why should I even convert my crypto to fiat when I can spend it directly to products and services that accept bitcoin as a means of payment?

el kaka22

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Do not mock people who say bitcoin will be 62 thousand dollars or any other silly looking price because in reality it definitely will
reach there, just maybe not as quickly as you may imagine. I mean think about if would you believe someone if they told you bitcoin will be 62k and even more in 2030?

You probably would believe them because that is 10 years ahead and there is a big chance bitcoin will be that much before 2030 comes, however if someone tells you it will be 62k this summer you would have trouble believing them. So, if you are going to deny a prediction please use the dates as wrong and not the price, do not say "no it will not be 62k", please say "it will not happen this summer", that tells people that bitcoin will reach there but not at the correct date which tells people you believe the bull run in the long run.

iqlimasyadiqa

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Bitcoin has given a lot of surprises in recent days, there has been a very significant price surge and of course this has made more people more confident about the price of Bitcoin. The price of Bitcoin is currently in the range of 9,200USD, there will still be many surprises and I hope the increase that occurs can run smoothly and stably.

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