David Gokhshtein: Bitcoin Price Will Reach $80K - page 3.

Dhaniii

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Quote from: arwin100 on July 16, 2021, 05:14:49 AM

Quote from: mk4 on July 16, 2021, 01:36:41 AM

Quote from: Fundamentals Of on July 15, 2021, 10:29:09 PM

What is so special with David Gokhshtein that we have to have a discussion on his prediction of Bitcoin? Does he have some kind of a track record which proves that whenever he predicts it happens? Or does he have a unique and solid basis of his own like the S2F that claims curiously high probability? Who is David Gokhshtein? He looks not so special to me.

Basically nothing. Gokhshtein is just a dude on Twitter that has a huge number of followers; and combine that with the fact that price predictions almost always gets a lot of traction from the newbies, here we are talking about him, which is most probably his main goal in the first place.

Now he's known already since he is been featured on this thread and basically I really don't know that guy until OP mentioned his name about what his price prediction on future, and its so easy to drop some numbers maybe he just read the price history and predict that his prediction will happen. And $80k is not far figure so if this came then for sure he will claim it that he is right about what will happen to it on future and also for he want a good credits for his name by dropping his predictions Cheesy

.

David Gokhshtein is impatient with his investment, so he expects bitcoin to bounce back quickly, so that profits can be quickly obtained in very large. hence he made an absurd prediction on twitter, to push bitcoin back to the moon. but that I see a fantasy of people who want to get rich quick.

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Quote from: mk4 on July 15, 2021, 08:34:45 PM

Quote from: ?? on ??

I was hoping to see the price becoming at least $100k in this year. But I have my doubts about it now. Because it feels like this bear market will take a few more months at least. And then it will start increasing again but it will not reach $100k before the end of the year. But we're talking about a volatile currency so everything is possible of course.

Just going to add some hopium: though I'm not saying that $100k is guaranteed to happen, always remember that the huge price rise from Q4 of 2017 and the huge price rise earlier this year were totally unexpected.

I am hoping that this year's huge price rise wasn't the HUGE price rise though, because if we're being honest 63k still didn't come close to the predictions that a lot of big players were expecting (like this guy Gokshtein saying 80k).

2017 was totally unexpected but most people would say 3x of the old ATH was the bare minimum Bitcoin should do and it's already done.

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I see another Elon musk coming up to push the bitcoin news South to North. I understand he has quite a number of followers but don't know how deep his pocket is to drive the price to his speculation just like Elon musk buying and dumping as whale to realize his predictions Roll Eyes

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Quote from: mk4 on July 16, 2021, 01:36:41 AM

Quote from: Fundamentals Of on July 15, 2021, 10:29:09 PM

What is so special with David Gokhshtein that we have to have a discussion on his prediction of Bitcoin? Does he have some kind of a track record which proves that whenever he predicts it happens? Or does he have a unique and solid basis of his own like the S2F that claims curiously high probability? Who is David Gokhshtein? He looks not so special to me.

Basically nothing. Gokhshtein is just a dude on Twitter that has a huge number of followers; and combine that with the fact that price predictions almost always gets a lot of traction from the newbies, here we are talking about him, which is most probably his main goal in the first place.

Now he's known already since he is been featured on this thread and basically I really don't know that guy until OP mentioned his name about what his price prediction on future, and its so easy to drop some numbers maybe he just read the price history and predict that his prediction will happen. And $80k is not far figure so if this came then for sure he will claim it that he is right about what will happen to it on future and also for he want a good credits for his name by dropping his predictions Cheesy

.

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Quote from: Fundamentals Of on July 15, 2021, 10:29:09 PM

What is so special with David Gokhshtein that we have to have a discussion on his prediction of Bitcoin? Does he have some kind of a track record which proves that whenever he predicts it happens? Or does he have a unique and solid basis of his own like the S2F that claims curiously high probability? Who is David Gokhshtein? He looks not so special to me.

Basically nothing. Gokhshtein is just a dude on Twitter that has a huge number of followers; and combine that with the fact that price predictions almost always gets a lot of traction from the newbies, here we are talking about him, which is most probably his main goal in the first place.

TimeTeller

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Quote from: Fundamentals Of on July 15, 2021, 10:29:09 PM

What is so special with David Gokhshtein that we have to have a discussion on his prediction of Bitcoin? Does he have some kind of a track record which proves that whenever he predicts it happens? Or does he have a unique and solid basis of his own like the S2F that claims curiously high probability? Who is David Gokhshtein? He looks not so special to me.

By the way, OP must be referring to LiteCoin when he mentions LightCoin.

Didn't know this person also up until encountering this thread.
If this is the same person from this twitter account - https://twitter.com/davidgokhshtein

It says that he is the CEO of PACcoin. And if you follow the link of the twitter of PACcoin - https://twitter.com/PACcoinOfficial
And checking in coingecko - https://www.coingecko.com/en/coins/pac-protocol#markets
As per coingecko - it is #287. So this person has interest in bitcoin market because he is involved in one alt project.
And if btc market is going to the positive direction, definitely it is good for their project.
So it is understandable that he will predict a positive market price for bitcoin, which, we all want also.

Fundamentals Of

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What is so special with David Gokhshtein that we have to have a discussion on his prediction of Bitcoin? Does he have some kind of a track record which proves that whenever he predicts it happens? Or does he have a unique and solid basis of his own like the S2F that claims curiously high probability? Who is David Gokhshtein? He looks not so special to me.

By the way, OP must be referring to LiteCoin when he mentions LightCoin.

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I think next major leg up will probably peak a bit above $100k in roughly a year, i don't see it only going $16k above the ATH on the next leg up, that wouldn't really make sense for it to go only 25% above the last bull phase. People will get all panicky again at that point (>$100k) and it'll drop back to like $60k and maybe be back over $100k to start 2023. Something like that. By 2024 I'd expect $150k-$200k to be a normal range that leads into the next post-halving boom that takes the price to like $300k-$400k range for the 2025 peak.

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Quote from: ?? on ??

I was hoping to see the price becoming at least $100k in this year. But I have my doubts about it now. Because it feels like this bear market will take a few more months at least. And then it will start increasing again but it will not reach $100k before the end of the year. But we're talking about a volatile currency so everything is possible of course.

Just going to add some hopium: though I'm not saying that $100k is guaranteed to happen, always remember that the huge price rise from Q4 of 2017 and the huge price rise earlier this year were totally unexpected.

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Quote from: Leviathan.007 on July 14, 2021, 09:00:34 AM

...

I still believe that the price of BTC will pass $ 100k...

every CEO has their own view of the possible future price of BTC but I continue to follow the price predictions from the @100trillionusd Twitter account, his/her analysis is really good.

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I can't say I disagree with him, I can't say I agree with him, this is just a basically known thing that bitcoin WILL be 80k one day, I just can't give time that is the thing. Bitcoin going down and having a correction was a needed thing as well that's true, there were way too many leverages that got so thin that with just one drop rest was easy, all of that 50% drop from the peak weren't just people selling, it was debt getting liquidated like crazy as well, unintended drop to be precise, just didn't had enough money left to get it back up again and that's why we are here.

I believe that we will see 80k, but it may take some time for all crypto world to get together and find enough hype and money to get the price higher again, I personally believe that it may be in 2022 instead of this year, or if it happens this year it should be very late into the year.

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Quote from: BrewMaster on July 15, 2021, 10:14:04 AM

Quote from: virtualdn on July 14, 2021, 10:56:46 AM

$80K? That's pennies. BTC should be in the $xxx,xxx range. Great times waiting ahead, HODL, avoid the FUD and enjoy the ride folks!

the low price predictions is the newbie mentality who have zoomed in the charts so much so that they can not see the bigger picture. it is funny that they were predicting $100k+ last time price was $30k just because it was on the rise but now that price hasn't been rising for a short time they are bringing their prediction down and some even reversed it and are predicting a bigger dump!!!

it shows how random some of these so called "predictions" are.

predictions are sometimes unreasonable and too exaggerated. to be able to go up $ 80k, bitcoin must refuel a lot to be able to fly to the moon. I guess it took a long time to get there.
bitcoin can get above $45k that's very lucky, the fact that every week it rises 0.1% and decreases 0.2%.

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Quote from: virtualdn on July 14, 2021, 10:56:46 AM

$80K? That's pennies. BTC should be in the $xxx,xxx range. Great times waiting ahead, HODL, avoid the FUD and enjoy the ride folks!

the low price predictions is the newbie mentality who have zoomed in the charts so much so that they can not see the bigger picture. it is funny that they were predicting $100k+ last time price was $30k just because it was on the rise but now that price hasn't been rising for a short time they are bringing their prediction down and some even reversed it and are predicting a bigger dump!!!

it shows how random some of these so called "predictions" are.

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It is still too early in Q3 to determine the scenario that ATH is inherently only at 64k or not, we are still in a weak cycle but it is not necessary for it to make a loss. Can we get to 72k and go straight to $100k, it's a puzzle where removing the high leverage pool before balancing will happen.

Source: https://twitter.com/100trillionusd/status/1411287372956942337?s=21

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Quote from: virtualdn on July 14, 2021, 10:56:46 AM

$80K? That's pennies. BTC should be in the $xxx,xxx range. Great times waiting ahead, HODL, avoid the FUD and enjoy the ride folks!

I think that prediction is a safe estimate because he doesn't seem to want to be wrong with his prediction so he wants it to be much closer to the current ATH. I do hope that you people who say the price should be six figures will make it come true because I am currently hodling a considerable amount of bitcoin in my and I want to get as much profit as I can now that the prices aren't going that wild yet.

magneto

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He's literally a person who is known for being a crypto investor. What else do you expect from him?

The problem with these predictions is that they have absolutely no basis. If you select 100 random people, and tell each one to give you a random number, at least one person is probably going to give you a number that is close to BTC's price in one year.

People confuse accuracy of prediction with luck. This guy clearly has not provided any proven basis for his analysis, and until he provides anything more than the arbitrary narrative that banks are trying to get people to sell their coins, any accurate predictions he may make in the future should be considered to be lucky. $80k could certainly come, but probably not due to the reasons that he has listed.

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Quote from: Saidasun on July 14, 2021, 11:04:28 AM

Quote from: NeuroticFish on July 14, 2021, 10:50:48 AM

I know that one reason is the big drop in hash rate, but I think that's over reacting. The hash rate is already getting back up (for today 120 EH/s was reported again).

Its a combination of the hash rate and natural occurrence as currencies and this is not isolated to cryptocurrencies but fiat too currencies will always have a natural variance where they dip and rise and when you combine that with things like the global hash rate dropping you are going to see some short term effects however even that is caused by natural variance too.

No, the problem with the hashrate dropping is because of Chinese miners pulling the plug, so it's not a natural occurrence, it has drastic effect on the market. But as @NeuroticFish it's slowly getting back to normal range, if I'm not mistaken it even drop for <100 EH/s for weeks.

As for his prediction, take it with a grain of salt, obviously, he has some narrative behind and just like the rest of us, this is just a wild and educated guess.

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Quote from: Leviathan.007 on July 14, 2021, 09:00:34 AM

PAC Protocol CEO David Gokhstein shared his views on the latest bitcoin status on Twitter.
In particular, Gokhstein called the current market reversal "super necessary" to keep up the price of the flagship cryptocurrency, Bitcoin. According to him, the next step in the price of bitcoin will probably be $ 80,000.

I hope that what David Gokhstein predicts can come true in the near future, even though bitcoin is currently in a pretty bad trend, it is possible that the price could rise suddenly, especially now that bitcoin is being accepted by the world community as a promising investment asset and also as a currency that can indeed be used anywhere with fast transactions and in various countries in the world, now what bitcoin needs is positive sentiment/news so that it can push bitcoin prices back to the top.

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Quote from: NeuroticFish on July 14, 2021, 10:50:48 AM

I know that one reason is the big drop in hash rate, but I think that's over reacting. The hash rate is already getting back up (for today 120 EH/s was reported again).

Its a combination of the hash rate and natural occurrence as currencies and this is not isolated to cryptocurrencies but fiat too currencies will always have a natural variance where they dip and rise and when you combine that with things like the global hash rate dropping you are going to see some short term effects however even that is caused by natural variance too.

dark1234

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we can't understand, will we believe them, because their opinion is just an opinion drive to buy as much as possible or just want to drop while in reality until now the price and value of bitcoin has not changed at the lowest level instead it always falls on the correction market with a higher level than the previous year's correction market

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