All prediction made on this year are not reliable , usually reason why more people keep complaining and asking why always opposite happened .people nowadays are very confused . Lol
There is no reliable predictions I think, and the OP is right that we should make our own research and invest only on the coins we believe in and not because of someone’s advice. This market will grow without making any predictions, don’t be confused just focus on your strategies and you will succeed on your investment.
Topic: Bitcoins 2018 speculations that will make you LOL! - page 2. (Read 735 times)
All prediction made on this year are not reliable , usually reason why more people keep complaining and asking why always opposite happened .people nowadays are very confused . Lol
There is no reliable predictions I think, and the OP is right that we should make our own research and invest only on the coins we believe in and not because of someone’s advice. This market will grow without making any predictions, don’t be confused just focus on your strategies and you will succeed on your investment.
All prediction made on this year are not reliable , usually reason why more people keep complaining and asking why always opposite happened .people nowadays are very confused . Lol
Well when we see the super speed rising on December 2017, some of us thought that Bitcoin is invisible, the correction is not going to make the price become half, and judge by the popularity and the interest of that time, it's really make sense to think that Bitcoin going to cross over 50k, but unfortunately the market said the other way, now a lot of people losing trust because the price keep on decline and the support level keep on dropping
yes, it can be said that many predictions missed the price of bitcoin for this year, even many are not ready for low prices. seeing the speculation that already existed, of course it would be funny. well, but we can't blame that. however, that is only speculation. so when you have bitcoin, don't expect too much from high speculation.
As the year 2018 is finally coming to end, and the so called experts and analysts are out giving their take on 2019 prices let's revind back and see some of the outrageous predictions of 2018.
1)Thomas Lee first predicted prices would touch 25k, later in the year he adjusted it to 13k and now he's not interested in making any more predictions lol.
2) Second on my list is John McAfee who tweeted bitcoins shall touch 1 million by 2020, which definitely won't be happening.
3) Third and last for now is Tyler Winklevos who predicted bitcoins prices to reach 1 Lakh dollars, and as we discuss we're no where close to even his predictions.
There're many others who predicted different numbers, but my point is simple no one can predict Bitcoins prices and buying solely on such predictions is suicidal.
If you intend to buy bitcoins, I recommend you to do your own research, buy for the technology for it's features not based on people words hopefully you'll now make more informed choices going ahead.
1)Thomas Lee first predicted prices would touch 25k, later in the year he adjusted it to 13k and now he's not interested in making any more predictions lol.
2) Second on my list is John McAfee who tweeted bitcoins shall touch 1 million by 2020, which definitely won't be happening.
3) Third and last for now is Tyler Winklevos who predicted bitcoins prices to reach 1 Lakh dollars, and as we discuss we're no where close to even his predictions.
There're many others who predicted different numbers, but my point is simple no one can predict Bitcoins prices and buying solely on such predictions is suicidal.
If you intend to buy bitcoins, I recommend you to do your own research, buy for the technology for it's features not based on people words hopefully you'll now make more informed choices going ahead.
You're an idiot. You have no idea what "definitely" will or won't be happening, anymore than anyone else here. Make fun all you want of those who have been proven wrong, but stfu about predictions based on times that haven't yet occured.
The lesson here is that even if you are a strong believer in BTC, you shouldn't be scared to make negative price predictions, it's not the same as FUD, it doesn't mean that Bitcoin is dying, it's simply a natural part of the market.
Some months ago you were labelled a fud spreader for saying that the price would drop below $6000, and a mega troll bear if you thought it would drop below the $5000 level. It just shows what sort of people we are dealing with here. People buy hoping that the price rockets up in one straight line. Correction? What's that? Bear market? Does that even exist?
People who are legit into this for the tech refrain from making silly predictions that most of the times is adjusted lower because it was too unrealistic. I like Tim Draper, he sticks to his predictions and doesn't back off one single moment. Regardless of who you are, you can't even tempt him to make a new prediction, which just proves that he's not interested in the short term market.
Tim has seen the best and the worst of the market. He's balls deep into it with his money. No cheap talk here.
I think we'll move well into six figures next time around. I also don't expect it to happen for another 2-3 years.
Don't get me wrong, I'd love for the price to go that high, but I don't think it's a realistic target for another bull run which is based mostly on speculation and trading. That kind of fiat value will only be reached (IMO) when we see widespread adoption and the frequent, daily use of bitcoin, which I think is probably another decade away at least.
I used to think that way too. The 2017 bubble changed my view of things. It really reinforced for me that these cycles are far more based on pure speculation than they are on actual adoption and network usage. Low liquidity combined with speculative mania creates a situation where there's really no limit on price. The price won't be sustainable at the highs of course......just talking about where the top might be.
Something else to consider is what trajectory adoption might take. It could be logarithmic (with persistently diminishing gains over time) or it could be exponential like an S-curve, which implies the largest percentage gains haven't been observed yet. In the S-curve scenario, Bitcoin could shoot to $13M a piece and I wouldn't be surprised.
Luckily I'm not so famous, but I predicted/expected 50k and I also reached the point I'm afraid of making predictions anymore.
It's easy to predict. Anyone can do it. It's much harder to actually predict it right.
And yes, investing by others' predictions is simply lottery.
You are not alone when it comes to making mistakes when it is the time to make predictions, if anyone in the forum has made predictions in the past I can assure you that they got their fair share of mistakes, and as you may guess I am including myself among those people, I remember that in the year of 2017 my highest expectation for the price of bitcoin was 2000 so I was wrong by a very wide margin. It's easy to predict. Anyone can do it. It's much harder to actually predict it right.
And yes, investing by others' predictions is simply lottery.
I think we'll move well into six figures next time around. I also don't expect it to happen for another 2-3 years.
Don't get me wrong, I'd love for the price to go that high, but I don't think it's a realistic target for another bull run which is based mostly on speculation and trading. That kind of fiat value will only be reached (IMO) when we see widespread adoption and the frequent, daily use of bitcoin, which I think is probably another decade away at least.
$100k, although seeming outrageous at the moment, I don't think is an unrealistic target for bitcoin with widespread adoption, but we are looking at years down the line and not in the immediate future.
$100K seems paltry compared to past bubbles. I'll acknowledge that each bubble is getting smaller in magnitude, but a mere 5x above the previous ATH is aiming way too low. On the 2017 run, we topped ~16x above the previous ATH.
I think we'll move well into six figures next time around. I also don't expect it to happen for another 2-3 years.
If you are famous i think someone might want to listen to your prediction or even make fun of it. Luckily you are not and congratulation on that, and yes it is very easy to actually predict since it is just up to the people if they want to listen to you. And there is nothing to lose if you will just give your own prediction, it is still an idea from the wondering mind.
As the year 2018 is finally coming to end, and the so called experts and analysts are out giving their take on 2019 prices let's revind back and see some of the outrageous predictions of 2018.
1)Thomas Lee first predicted prices would touch 25k, later in the year he adjusted it to 13k and now he's not interested in making any more predictions lol.
2) Second on my list is John McAfee who tweeted bitcoins shall touch 1 million by 2020, which definitely won't be happening.
3) Third and last for now is Tyler Winklevos who predicted bitcoins prices to reach 1 Lakh dollars, and as we discuss we're no where close to even his predictions.
1)Thomas Lee first predicted prices would touch 25k, later in the year he adjusted it to 13k and now he's not interested in making any more predictions lol.
2) Second on my list is John McAfee who tweeted bitcoins shall touch 1 million by 2020, which definitely won't be happening.
3) Third and last for now is Tyler Winklevos who predicted bitcoins prices to reach 1 Lakh dollars, and as we discuss we're no where close to even his predictions.
tom lee is self-explanatory---he's a permabull who got his ass handed to him.
i think mcafee's prediction won't be that far off but his guess is too early IMO. we still have to give him 2 years to let it play out too. i personally think $300k-$500k is possible, closer to 2021 based on previous cycle magnitude and the timing around halvings.
i'm not sure what a Lakh dollar is, but the winklevoss twins predicted $320k. i don't think they gave a deadline though, so it's open-ended.
It is easy to predict, every one of us has a different perspective on Bitcoin price prediction. In that case, most likely people looking back in the old graph which is they think that the price movement last year will happen again this but it is only a trap.
Exactly. If technical analysis was as accurate as some people claim it to be, then everyone would be a millionaire.
Snip-
Yes, correct, do you think if that claiming an expert in prediction was the right and accurate in the analysis will keep posting it everywhere to be well known? If they know, for sure they will never tell us. Only time can tell at all. Snip-
I remember well how at the beggining of 2018 people were saying that at the end of the year we'll have a new ATH, and there was a lot of support for this prediction amongst newbies on this forum. But as Bitcoin kept falling, people realized that there's no chance of any bullishness in this year, so the general opinion grew negative towards those perma-bulls who continued promising us quick recovery. The lesson here is that even if you are a strong believer in BTC, you shouldn't be scared to make negative price predictions, it's not the same as FUD, it doesn't mean that Bitcoin is dying, it's simply a natural part of the market.
Some of them were actually pretty accurate.
Hindsight is 20/20. You have no way of knowing which were accurate and which were not prior to them happening. I could go to the Speculation Board or Google and find predictions that bitcoin will hit every multiple of a thousand dollars between 0 and 100k by the end of this year. I can find predictions that say ETF is coming and that it isn't. That Bakkt is coming and that it isn't. That institutional investors are coming and that they aren't. None of these predictions are in anyway useful because they are all guesses. Focusing on the 1% that turned out to be accurate and ignoring the 99% that didn't is simply selection bias.
As we have seen all year long, listening to "experts" for their price predictions is useless. If you believe in the technology, get involved. If you want to day trade, do so with your own knowledge and understanding and not because some else tells you to.
Some other predictions made for 2018 :
https://cointelegraph.com/news/from-obsolete-blockchain-to-bitcoin-at-1-mln-predictions-of-2018
Some of them were actually pretty accurate.
https://cointelegraph.com/news/from-obsolete-blockchain-to-bitcoin-at-1-mln-predictions-of-2018
Some of them were actually pretty accurate.
In reality though, anyone can make predictions out of thin air, draw some lines on graphs and say something technical to prove their points, but the market decides which way it goes and does not follow any predictions of any people--be it prominent or just the normal Joe--so it's best to avoid using these predictions as a basis for your trades and taking positions.
Exactly. If technical analysis was as accurate as some people claim it to be, then everyone would be a millionaire. It's super easy to look back at old graphs and draws lines to prove pretty much anything you want. And for every person who can say "Look at my accurate prediction from x months ago", there are 10 more who made a similar prediction that was miles off target.
I can't agree more. TA works only for those who earn on learning orthers about TA. I even made special topic why logicaly TA should not work.
https://bitcointalksearch.org/topic/m.39412664
I love those who are saing that they know TA perfectly but TA sometime works sometimes not... yea.. coin toss too
In reality though, anyone can make predictions out of thin air, draw some lines on graphs and say something technical to prove their points, but the market decides which way it goes and does not follow any predictions of any people--be it prominent or just the normal Joe--so it's best to avoid using these predictions as a basis for your trades and taking positions.
Exactly. If technical analysis was as accurate as some people claim it to be, then everyone would be a millionaire. It's super easy to look back at old graphs and draws lines to prove pretty much anything you want. And for every person who can say "Look at my accurate prediction from x months ago", there are 10 more who made a similar prediction that was miles off target.
No one's barring anyone from making such bold and outlandish predictions that's why these people are trying to make such lavish claims in order to stay relevant. Tommy Lee is a great investor, no doubt about it, but everything he says about bitcoin markets are either turning into a flop or goes the opposite of what he 'expects' the market to do. John McAfee is nothing sort of a deranged guy who would whore his handles for the money. In reality though, anyone can make predictions out of thin air, draw some lines on graphs and say something technical to prove their points, but the market decides which way it goes and does not follow any predictions of any people--be it prominent or just the normal Joe--so it's best to avoid using these predictions as a basis for your trades and taking positions.
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