BTC $100K-288K before Dec2021 ? - page 4.

Baofeng

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Quote from: ultrloa on November 10, 2020, 06:00:19 PM

So many prediction I've seen for couple of years but no one of them got any accurate prediction on what will happen to the price in future. I believe we should believe that predictions or insights given since for sure they want to create hype and do that for their own personal gain so we should be careful guys since I think those guys are manipulators.

And I will quote it from his medium post:

Quote

People ask me where all the money needed for $1trn bitcoin market value would come from? My answer: silver, gold, countries with negative interest rate (Europe, Japan, US soon), countries with predatory governments (Venezuela, China, Iran, Turkey etc), billionaires and millionaires hedging against quantitative easing (QE), and institutional investors discovering the best performing asset of last 10 yrs.

Scary prediction, but it seems that we have seen it already, specially institutional investors like Grayscale and then millionaires and billionaires changing their tune and hedging their wealth to bitcoin. So we will see if the s2f model will take its shape in the future.

hopenotlate

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Quote from: Daltonik on November 10, 2020, 12:48:57 PM

Popular blogger @PlanB confirmed that he remains true to his forecast of bitcoin price growth to $100,000–$288,000 by December 2021. He found additional evidence in favor of reducing the supply of coins, which is consistent with the Stock-to-Flow (S2F) model on which his expectations are based. https://twitter.com/i/status/1325396958622724100

He gave the analogy of a star colliding with a black hole. PlanB noted that during periods of market corrections, it observes how bitcoin whale algorithms pick up hundreds of portions of 0.01 BTC from weak hands. https://twitter.com/100trillionUSD/status/1325843354836414465

According to @PlanB estimates, the dynamics of bitcoin after the third halving in may 2020 confirms its correctness and develops like "by the clock". Six months later, the price approached the $16,000 mark, adding almost 80%.
https://twitter.com/100trillionUSD/status/1325883839361802240

@PlanB sees confirmation of their expectations in the acquisition of bitcoin by investor and billionaire Stanley Druckenmiller. Prior to this, such signals for him, in particular, were similar actions of the Stone Ridge Holdings Group management company, as well as Iran's approval of the mechanism for paying for imports with bitcoins extracted in the country. https://twitter.com/100trillionUSD/status/1325876013205688320

The s2f model promoted by @PlanB is often criticized but it is still interesting to see how things will actually turn out.

Let me quote this for future reference and as a reminder to come back here and give a great hug to everyone posting here if this come true.
Agree with those who says many predictions are made everyday; that may predictors vanish when something doesn't go as expected; that people who should have eaten their dick this year then came out saying it was a joke and so on.
But ( yes there is a but imo) S2F model has been applied and fit quite well to past real data of gold and silver ....so there is a tiny hope it may come true.
On the other side goods like gold and silver has thousands of years of history while BTCitcoin is only an ten years old child so maybe the comparison can't be properly done.
Just lets hodl al little bit more and see what happens in one year.

ultrloa

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So many prediction I've seen for couple of years but no one of them got any accurate prediction on what will happen to the price in future. I believe we should believe that predictions or insights given since for sure they want to create hype and do that for their own personal gain so we should be careful guys since I think those guys are manipulators.

Harlot

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I have seen both of his post in medium and I can say PlanB's S2F model for Bitcoin is one of the most in-depth analysis out there and also one of the newbie friendly things that someone can read and understand quickly but the thing is even though it sound convincing and can really happen the problem I see here is that his model doesn't account to external factors that can affect Bitcoin's price which is really relevant. The model only focus on the supply of Bitcoin and how it can affect its price in the future without considering how laws can affect it, businesses do with it, or how whales will try to influence the market. He might be certain with his model but there are many external influences that can affect the price.

Jating

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I don't know who @PlanB is, but I have been reading about this S2F Model, and recently it has gain a lot of traction in the bitcoin community. But for those who are interested to read about it, here is @fillippone thread, Stock-to-Flow Model: Modeling Bitcoin's Value with Scarcity.

Edit: Ok it seems that the thread source is PlanB himself: https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25

But 2021? I will say that I will be skeptic though, it's too early to predict six digits ore more in just about a year though, I think he just wanted to create another FOMO here, not saying that it is not possible to happen next year, but we need to cover a lot of grounds to see bitcoin goes on that price range.

Rikafip

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Quote from: pakhitheboss on November 10, 2020, 12:59:36 PM

Please stop promoting such FUD creating videos.

I am not really sure that you know what FUD means, as I don't see how can you call such a bullish prediction, and BTC being between 100k-288k by the end of next year is definitely bullish prediction. FUD (acronym for Fear, Uncertainty and Doubt) would be if this YouTuber was predicting BTC price going to 100 USD due BTC getting banned or something along those lines.

Regarding this prediction, there are so many for every possible price that they kinda lost meaning. Like broken clock that is right two times per day, so will one of those people that like to predict. All I know that future is bright and we can expect for price to go up in the long run, with occasional bump on the road like we had so far.

dunfida

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Quote from: pakhitheboss on November 10, 2020, 12:59:36 PM

This topic looks more like a promotion of this so called popular blogger. I have never heard his name nor I am interested in hearing his prediction.

If you understand Bitcoin then you would have never created such a topic on a person who is trying to create FUD. This post is more in like promoting a Youtuber.

Use some common sense if you have lost it and ask a simple question to yourself when was the last time a prediction came true about Bitcoin price?

Please stop promoting such FUD creating videos.

I have the same feeling and perception towards this post which is most likely to be a promotional ones rather than legitimately talking about bitcoins price potential..

We dont need lots of speculations telling 6 digit prices on next year to come.If those people had just have that enough knowledge on how bitcoins price behave on this market
then they wont really be ending up into those kind of predictions.

We have barely on past 3 years since on that bull run and now here we are on 15k and playing. How much more on reaching out 100 or 288k in 1 years time?
even if im dreaming this cant really happen.

24Kt

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Quote from: 20kevin20 on November 10, 2020, 01:33:03 PM

Props to this man if his forecast really goes as well as it's been so far. The funny (and sad, at the same time) part is, most of these guys (*cough* McAfee *cough) just vanish when their predictions go wrong.

If we take all the existing predictions around the Internet and put them together, we'd basically have all possible outcomes predicted. It's just that one of them goes well at one point, and that "analyst" shines brightly for a while. I personally expect a price somewhere around $100k by the end of 2021. More than that would be just spectacular, but not something that I wouldn't expect considering BTC's history.

So far, so well. Hopefully, Bitcoin sticks up in the sky like it's always done. Almost nobody here wants it to drop, but sometimes it's good to be realistic as well. Tongue

So realistically speaking, $100k is already high in my opinion. But everything is possible in this world. We don't know what factors will come into play to contribute the massive growth of bitcoin or crypto. But if more merchants and big companies start to use bitcoin or crypto in their payment system, there's a chance that we will see massive increase of price. So start collecting your satoshis now. Wink

jossiel

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1 year from now?

I'd like to see that as I believe 2021 is going to be one of the best years ever. The uptrending can't be stopped and might continue up to 2022 or it's likely that dump will somehow come by that year.

S2F model is very popular, I think it all started to be recognized by this year. IMO, whether we see $100k+ before December 2021 or not, I'll still hold more than that given time.

20kevin20

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Props to this man if his forecast really goes as well as it's been so far. The funny (and sad, at the same time) part is, most of these guys (*cough* McAfee *cough) just vanish when their predictions go wrong.

If we take all the existing predictions around the Internet and put them together, we'd basically have all possible outcomes predicted. It's just that one of them goes well at one point, and that "analyst" shines brightly for a while. I personally expect a price somewhere around $100k by the end of 2021. More than that would be just spectacular, but not something that I wouldn't expect considering BTC's history.

So far, so well. Hopefully, Bitcoin sticks up in the sky like it's always done. Almost nobody here wants it to drop, but sometimes it's good to be realistic as well. Tongue

Charles-Tim

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Before, when the price of bitcoin was increasing significantly, it increased right from $0.08 within a decade to as high as $15000 recently, this could have triggered these people to be predicting in this direction. There was a famous man that predicted bitcoin to be $100000 in 2020, but later this year when he realized it is not possible, he later said his prediction will not be possible. I like people to be more realistic than predicting what might not happen. Without them predicting anything, bitcoin is able to increase while more people will buy it, which will be increase its marketcap, that is just normal, but I do not think bitcoin would reach such high price by December 2021, but it is certain that bitcoin price will certainly increase and will increase beyond what is predicted above, because it is a deflationary currency with a limited total supply, but it will take longer time before bitcoin will increase to such extent with a marketcap of 2 trillion or more.

pakhitheboss

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This topic looks more like a promotion of this so called popular blogger. I have never heard his name nor I am interested in hearing his prediction.

If you understand Bitcoin then you would have never created such a topic on a person who is trying to create FUD. This post is more in like promoting a Youtuber.

Use some common sense if you have lost it and ask a simple question to yourself when was the last time a prediction came true about Bitcoin price?

Please stop promoting such FUD creating videos.

Daltonik

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Popular blogger @PlanB confirmed that he remains true to his forecast of bitcoin price growth to $100,000–$288,000 by December 2021. He found additional evidence in favor of reducing the supply of coins, which is consistent with the Stock-to-Flow (S2F) model on which his expectations are based. https://twitter.com/i/status/1325396958622724100

He gave the analogy of a star colliding with a black hole. PlanB noted that during periods of market corrections, it observes how bitcoin whale algorithms pick up hundreds of portions of 0.01 BTC from weak hands. https://twitter.com/100trillionUSD/status/1325843354836414465

According to @PlanB estimates, the dynamics of bitcoin after the third halving in may 2020 confirms its correctness and develops like "by the clock". Six months later, the price approached the $16,000 mark, adding almost 80%.
https://twitter.com/100trillionUSD/status/1325883839361802240

@PlanB sees confirmation of their expectations in the acquisition of bitcoin by investor and billionaire Stanley Druckenmiller. Prior to this, such signals for him, in particular, were similar actions of the Stone Ridge Holdings Group management company, as well as Iran's approval of the mechanism for paying for imports with bitcoins extracted in the country. https://twitter.com/100trillionUSD/status/1325876013205688320

The s2f model promoted by @PlanB is often criticized but it is still interesting to see how things will actually turn out.

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