Topic: Bobby lee predicts Bitcoin price to reach $1 Million in a Decade (Read 347 times)

Now the price is fixing above the $7200 level, which is a bullish sign after all. Moreover, there is a convergence on RSI , it is completely oversold. However, we can't expect a clear upward movements from current points. This is quite possible to see a flat (consolidation) from now.

What should we do now? Look for reversal patterns to go LONG. Dump can't last forever.

Would you sell the same about gold? Maybe it won't exist in a decade?

You can see that we're capitulating again when people are bashing bullish predictions. I agree that anything can happen but bullish predictions are as viable as bearish ones.
It's very possible that Bitcoin will be worth a lot of money because it's better than gold. The only advantage of gold is that it's much older.

Have we not got tired of listening to those people that are always trying to be popular by analyzing things that are not real and may never happen? I think you can see also yourself from record that shortly after your prediction, the value of bitcoin not yet crossed over to $9000, even though it was still struggling with staying there or not as at that time, but the most thing is that, the market direction is not going to go in line with your prediction of having bitcoin drop low to that specified value of yours again.

I think that after this tiny correction, the value of bitcoin might try to surge the last all time high of bitcoin by the year ending or at least early next year. This weekend, I can even say that I made money when the value of bitcoin rise back to $9000. When we are staying below $10k, I guess it might be too early to think about one million dollar levels.

FYI mcafee was also predict the price will be 1mil in the end of 2018 when the price of btc booming in 2017. So i think this person is just optimistic with cryptocurrency and bitcoin but he doesn't have any logical reason with his prediction

He's prediction make sense versus Mcafee's $1 million in 2020. In the expand of a decade a lot of events will occur, time to time the scarcity will really push Bitcoin's price as long as the demand will continue. Still its too early to judge its future because government pressure is inevitable.

Anyone can predict any valuation that they deemed possible as it is a decade away from now and who knows what will happen during that period but despite saying that there is no opposition from government for bitcoin and the major thing you said is that the transaction fees, i could send coins for merely a few thousand SAT and the speed is decent enough, we might need improvement when the number of transactions increases but right now it is working fine.

There is a lot of anticipation in this market, but the fact that Bitcoin can reach a million dollars within a decade is unlikely. Bitcoin is currently facing opposition from the government, besides the slow transaction speed and high fees are a minus point for Bitcoin.
If the cryptocurrency market wants to grow, it needs government permission around the world. Bitcoin itself, on the other hand, has to change its limitations.
I think that within the next decade Bitcoin is very likely to reach $ 300,000.

Well, I wouldn't trust these experts to walk my dog, let alone believe in their speculation about Bitcoin. Just google Bobby&Tom Lee, and you will found articles like this :


Interestingly, he has already gone from $60,000 to $1 million in just a year time, what is next, Bitcoin to reach $100 000 million in the next 20 years? These people are funny in their statements, almost like parrots constantly repeating the same thing. However, Tom Lee has recently turned into a bear or better to say into a pessimist who thinks USA will ban Bitcoin because they ban some e-cigarettes

There is no point in thinking that it will cease to exist in a decade and invest in the market, the market will continue for centuries unless and until some Nazi developer attempts something stupid and destroy the basic nature of bitcoin and since it is a billion dollar market i doubt something like that will ever happen, you do not need to take these prediction as the gospel if you are investing you need to analyse the risk involved like any other market.

But Bitcoin is different, it's not like gold which used in jewelry, and technology, can't be sent through the wire to be immediately be traded in its market. Bitcoin is always ready, and sendable by anyone, anywhere, anytime to the market.

One decade must be a far long duration for bitcoins to attain one million dollar value. Within next 10 years bitcoin may have at least 3 halving which will definitely make bitcoin as a precious one. Other than this definite/scheduled halving, we cannot expect how many of common people will be discovering the benefits of adopting bitcoins. They may not stop after adopting bitcoins, but they will spread out bitcoins by their word which might do what we are unable to speculate in terms of bitcoin price levels.

Mc Affee speculated about $1 million levels for bitcoin in 2020. I guess that still possible, if bitcoin will be showing a new ATH before the end of 2019. If not, it may happen by 2021 or 2022. If bitcoin manages to trade above $20k by next month, then we can expect prices to double for every month which may lead to $800k to $950k levels by the time of 2020 ending.

Remember, by November 2017 bitcoin prices doubled from $10k to $19.3k in less than 25 days. This was showing us that anything may happen in a bull market. This is the reason I am saying $1 million in 10 years is too easy prediction for bitcoin markets.

I am sure the upcoming halving will take bitcoin prices to one million dollars. If that fails then the next halving will take. I am 200% sure. The possibility of my prediction to go failed is purely lying with some powerful government's decisions.

I think there are lots of writings about Bobby Lee about the prediction of bitcoin prices, but unfortunately he predicts for the next 9 years for the value of bitcoin around $ 500k, so what will happen to John McAfee he seems to be eating his penis if the end of 2020 does not reach 1 million dollars, I want see big people like them make mistakes about bitcoin price predictions

Yeah right, this is just the same story being repeated over and over again.
50k, 100k and now $500k to $1 million.
Are they saying the value of USD is that worthless for bitcoin to have that great value in the future?
I am not against them but it would be more lovely to read some article that would make sense and not always to the moon. 

There are roughly 4-6 billion people on the planet who are not 'banked', (no banking access). If this wasn't a built in demand for a decentralized trustless permissionless p2p financial instrument there never was.
Sure the globalist banksters could criminalize bitcoin and begin the authoritarian arrests and executions. (Not likely IMHO)
Mass FUD we've already seen.
Hacked exchanges also already seen.
Whale dumping; we've already watched BTC bounce back from a variety of attacks.

The reality is that Bitcoin might well be the black swan event which takes out the fraudulent fiat banking system.
It is very likely more governments like Russia will pursue Bitcoin mining opperations.
We are also soon going to see generation 4 nuclear power  come online making BTC mining opperations much cheaper energy useage.

The 1 million BTC speculation might indeed be very conservative by a factor of 100.(1 Satoshi to equal 1 USD)

Bitcoin today might accurately be compared to the internet back in 1992 and Windows 3.11.

Because all that matters is supply right? Screw demand, and forget things that could potentially affect the price negatively.

You forgot stuff like:

• Laws and regulations
• Black swan events
• Mass FUD
• Hacked exchanges
• Potentially whales dumping

and the list goes on and on and on..

There is no guarantee that Bitcoin would exist in a decade. Most speculations and predictions are not really that, but mere guesses. The motive behind it is what I'm yet to understand. An outrageous, imaginary figure for an abstract time in the future (when most would have forgotten about the guess) does not sound like the right thing to attract a new user or cause FOMO. Media attention is the most plausible reason

Bitcoin is something that is valued for the demand to the supply availability. Apart from this the speculators for their part does something, and whales on requirement manipulate the market. In between some good and bad news comes out related to cryptocurrency which also makes some bullish or bearish impact over the market. Upon the same expecting $1 million is something beyond the limits.

And here are some other quotes:


And here is a quite funny thread of his ongoing wrong calls: https://coinjazeera.news/tom-lee-in-protective-custody-after-another-missed-call/

But a broken clock is right twice a day, right.

Actually not that many factors contribute to this 1,000,000 prediction.

Just three important dates.

Bitcoin Halving ScheduleTentative MonthBitcoin Block Reward Halving2020May 202012.5 BTC2024May 20246.25 BTC2028May 20283.125 BTC

So you dont have to be a genius like McAfee to know the price will very likely go 1,000,000 and beyond...

Of course government could turn off the electricity, but then we would be arguing over bananas, bread and beer., not bitcoins.

So which is it? Triple in value or BTC will be a million dollar a piece? Here's the problem with influencial people predicting the price of Bitcoin they will always have these safe words that if they go wrong they will go back to what have they said or just completely deny what they have said before. Don't get me wrong he has some key points that I also agree with regards to the restrictive supply of BTC but I don't see that as a big factor for pushing the prices fir each BTC to at least a million dollars even if its a long term target. I would really need to be optimistic for this one for me to believe but this would just let my guard down for the reality  we are currently seeing.