Do you know the Estimated Price of Bitcoin in 2019? You will be surprised. - page 3.

zhekinsp

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Quote from: carlisle1 on May 21, 2018, 09:59:42 AM

Quote from: ridertiger on May 21, 2018, 08:59:20 AM

Analytical agency Fundstrat Global Advisors LLK published its Forecast.
Bitcoin could soar as high as $64,000 next year, investment research firm Fundstrat predicts
"We believe the current path of hash power growth supports a BTC price of about $36,000 by 2019 year end, with a $20,000-$64,000 range," Sam Doctor, head of data science research at Fundstrat, said in a report. Hash power refers to the processing power computers need to generate bitcoins.
That's roughly four times or more from bitcoin's price Thursday of near $9,300.
The economics of bitcoin mining also likely create a support level for the cryptocurrency, Doctor said.
Source for the prediction: https://www.cnbc.com/2018/05/10/bitcoin-could-soar-as-high-as-64000-next-year-fundstrat-predicts.html

Are not you getting tired of this what you called experts and big names or agency's?
None of this comes to reality ,maybe neared but never been,and the problem is most of those who reads something like this believe that this will happens,

Why not be contented on what will bitcoin brings to us?instead of expecting in false hopes

People are getting more greed which is the reason they want to hear such things like these.But it may happen or not because as you said no one really knows what is going to heppen and the technical analysis goes wrong at most of the times before of the decentralized technology.

ajqjjj

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Quote from: ridertiger on May 22, 2018, 03:48:17 AM

What do you think about the performance of bitcoin over the last 12 months:

Last three years chart also same ratio in bitcoin performance so this year is little collapsed in the market but surely it will growing fastly in end of the year. Because Russian government is announced the good news of cryptocurrency so this will legalised in June month that time some big hype is expected in Bitcoin and altcoin.

chickenado

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Quote from: ridertiger on May 21, 2018, 08:59:20 AM

Analytical agency Fundstrat Global Advisors LLK published its Forecast.
Bitcoin could soar as high as $64,000 next year, investment research firm Fundstrat predicts
"We believe the current path of hash power growth supports a BTC price of about $36,000 by 2019 year end, with a $20,000-$64,000 range," Sam Doctor, head of data science research at Fundstrat, said in a report. Hash power refers to the processing power computers need to generate bitcoins.
That's roughly four times or more from bitcoin's price Thursday of near $9,300.
The economics of bitcoin mining also likely create a support level for the cryptocurrency, Doctor said.
Source for the prediction: https://www.cnbc.com/2018/05/10/bitcoin-could-soar-as-high-as-64000-next-year-fundstrat-predicts.html

Personally I think we can get 50k to 70k price for 2019 as the highest price.,As we have observe in the past years, the price usually struggles in the first 3months of the year but it kicks in again by the 2nd quarter.,people and industries are starting to realize the impact of cryptos in their businesses and these will lead to a mayor change in the cryptocurrency world.

Wind_FURY

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Quote from: ridertiger on May 22, 2018, 03:48:17 AM

What do you think about the performance of bitcoin over the last 12 months:

That's it? 12 months is too short my friend. Zoom out and see where Bitcoin was from 5 years ago. It went a very long way since 2013, from development, growth of hash rate, user acceptance and the price. Its progression is still very much alive.

STT

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McAfee wrote code in the early days of PC home models. Doesnt mean he has a good estimate to technology now or more relevant would be economic and market dynamics.

Its possible he knows his cryptography because that relates to polymorphic code in viruses but sadly I hear little of this from him.

Quote

The economics of bitcoin mining also likely create a support level for the cryptocurrency, Doctor said.

On the basis of the simplest points being often the most true I would have to disagree on this simple point. BTC price can fall below the mining cost, its possible in other commodities and happens commonly. It leads to productive decline and also losses in those company operations but it doesnt mean the commodity price cannot fall.

aardvark15

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Quote from: ridertiger on May 21, 2018, 08:59:20 AM

Analytical agency Fundstrat Global Advisors LLK published its Forecast.
Bitcoin could soar as high as $64,000 next year, investment research firm Fundstrat predicts
"We believe the current path of hash power growth supports a BTC price of about $36,000 by 2019 year end, with a $20,000-$64,000 range," Sam Doctor, head of data science research at Fundstrat, said in a report. Hash power refers to the processing power computers need to generate bitcoins.
That's roughly four times or more from bitcoin's price Thursday of near $9,300.
The economics of bitcoin mining also likely create a support level for the cryptocurrency, Doctor said.
Source for the prediction: https://www.cnbc.com/2018/05/10/bitcoin-could-soar-as-high-as-64000-next-year-fundstrat-predicts.html

The funny thing is that everyone has a different prediction. John McAfee predicts $1,000,000 by the end of 2020. If I knew for sure that Bitcoin would reach $64,000 or even just $36,000 by the end of 2019, I would buy as many Bitcoins as I could now. But we just don’t know for sure. In fact there are those that predict Bitcoin will eventually go to zero.

AlisaWhishie

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We are not going there, just relax. The main sign that these predictions based on the previous experience, don't work anymore is Consensus 2018. Previously all these events just immediately led to the amazing price growth (not only for BTC, but for alts in top-250 also). But now the price was just indifferent to this event.
Tomas Lee predicted that BTC would have reached $15k by now, but even he made a mistake.

_yoshi

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At this moment, i think its very hard to imagine that bitcoin could go that high next year. But begin of 2017 nobody would belive you if you told them that bitcoin will go to twenty thousand. So i learned in the cryptocurrency world is everything possible. SO i would be very happy when bitcoin would hit this target price Grin

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Quote from: vycl87 on May 21, 2018, 12:42:14 PM

I think this can reach the prices this year Bitcoin. It seems to me that we will move forward with 100K next year. We may be near the great rises very soon. But I think that there are a few problems to be solved first. Transfer speed for example!

Price $ 100,000 is a high price, and to reach that price will take a very long time. And I think in the year 2019 bitcoin can not reach the price of $ 100,000.

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Bitcoin price for 2022 is set to 250000 dollars comparing to 2019 estimation it is quite surprising looking at present price and future price estimation how we can reach such high targets

ridertiger

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What do you think about the performance of bitcoin over the last 12 months:

okala

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I know we would get to $64,000 in 2019 based on personal conviction. We are going to make significant progress any moment from now and those that will be able to hold are actually going to make good money in future. However the temptations for one to sell with little profits is always there.

Wind_FURY

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Quote from: HabBear on May 21, 2018, 12:38:10 PM

Quote from: ridertiger on May 21, 2018, 08:59:20 AM

Analytical agency Fundstrat Global Advisors LLK published its Forecast.

"We believe the current path of hash power growth supports a BTC price of about $36,000 by 2019 year end, with a $20,000-$64,000 range," Sam Doctor, head of data science research at Fundstrat, said in a report. Hash power refers to the processing power computers need to generate bitcoins.

Another Fundstrat prediction? Proceed with caution!

I'm glad they've provided some rationale for their prediction: hash power growth. But I don't see the causal link between hash power growth and bitcoin price growth. The hash power alone refers to how many bitcoin miners are participating in the activity and the difficulty of mining (which corresponds to the number of bitcoins left to be mined).

But hashing power is also an indicator of the network's growth, that can also be an indicator of a growing demand by miners for more mining chips from the ASIC manufacturing industry.

I believe that miners are still taking the risk means that there is still a demand for Bitcoins. Include that with the next halving on 2020 then we will see all time highs again.

Quote

They also mention economics and capex and cost of mining machines. It's as if they're implying that if bitcoin is more expensive to mine that the price of bitcoin will have to increase. But the price activity doesn't work this way. They're implying that bitcoin miners will hold their bitcoin until they receive a price that guarantees a sufficient profit margin. Do bitcoin miners do this today? If not, we cannot assume they'll do it in the future.

"High price" is the price we have today partly because of the network's growth. How high was Bitcoin 3 years ago and how high was the hash power? There is a correlation.

Fundstrat's "prediction" may be not be correct but their idea in general is.

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Quote from: bintangkejoraku on May 22, 2018, 01:19:50 AM

everyone has their respective predictions about bitcoin prices in the future, I think bitcoin will reach $ 30k in 2019.

I hope I am wrong and you are correct...I have a lot of BTC (or enough where a 4k drop would be bad, very bad at 4k)

My current view is to sell the BTC (some or part) and invest in altcoins (LISK comes to mind, a pos coin an others)

This whole mt. gox dumping of 1.4 Billion USD of BTC has me 'twitchy'

may need to 'hunt' elsewhere (Altcoins) until this clears up, hopefully by the end of the year..that is a lot of BTC to eat by 2019!

Unsure, pondering options

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everyone has their respective predictions about bitcoin prices in the future, I think bitcoin will reach $ 30k in 2019.

Searing

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Quote from: ridertiger on May 21, 2018, 08:59:20 AM

Analytical agency Fundstrat Global Advisors LLK published its Forecast.
Bitcoin could soar as high as $64,000 next year, investment research firm Fundstrat predicts
"We believe the current path of hash power growth supports a BTC price of about $36,000 by 2019 year end, with a $20,000-$64,000 range," Sam Doctor, head of data science research at Fundstrat, said in a report. Hash power refers to the processing power computers need to generate bitcoins.
That's roughly four times or more from bitcoin's price Thursday of near $9,300.
The economics of bitcoin mining also likely create a support level for the cryptocurrency, Doctor said.
Source for the prediction: https://www.cnbc.com/2018/05/10/bitcoin-could-soar-as-high-as-64000-next-year-fundstrat-predicts.html

I can never find info on if they take into consideration that the mt. gox trustee has to move 1.4 Billion USD of BTC by the end of the year (IMHO, I

can't see this going on into the 3rd year of the mt. gox trustee)

that IMHO, is why the price is dorked sideways and is not recovering but in fits and starts

brad

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Quote from: Xester on May 21, 2018, 09:21:48 AM

Quote from: ridertiger on May 21, 2018, 08:59:20 AM

Analytical agency Fundstrat Global Advisors LLK published its Forecast.
Bitcoin could soar as high as $64,000 next year, investment research firm Fundstrat predicts
"We believe the current path of hash power growth supports a BTC price of about $36,000 by 2019 year end, with a $20,000-$64,000 range," Sam Doctor, head of data science research at Fundstrat, said in a report. Hash power refers to the processing power computers need to generate bitcoins.
That's roughly four times or more from bitcoin's price Thursday of near $9,300.
The economics of bitcoin mining also likely create a support level for the cryptocurrency, Doctor said.
Source for the prediction: https://www.cnbc.com/2018/05/10/bitcoin-could-soar-as-high-as-64000-next-year-fundstrat-predicts.html

As the difficulty for mining bitcoin increases, it will be consuming more power and will be using high end mining rigs. Thus the overall mining activity will be very costly and in this case the miners will have no choice but to hold their bitcoins until such time that they can sell it. This move will be causing a spike on bitcoins price but the moment the expected price reached a certain level and the miners will sell their coins another temporary crash will occur. But after that the prices will go up again.

no it doesn't work like that.
when you run a business (a bitcoin mining operation in this case) then you will have bills to pay and in order to have money to pay those bills you will have to sell your product (in this case new bitcoins that you get from mining). you can't hold those and pay the bills out of your pocket. and if your business is no longer profitable you stop the costs (meaning shutting down miners).
and miners don't cause a crash because they are constantly selling their coins and majority of them don't sell on exchanges. they sell off the market.

vycl87

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I think this can reach the prices this year Bitcoin. It seems to me that we will move forward with 100K next year. We may be near the great rises very soon. But I think that there are a few problems to be solved first. Transfer speed for example!

Rustamm

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The price of bitcoin in the coming years can only be spoken by someone who has visited the future and knows him. Everything else, this guessing on the coffee grounds. Bitcoin in general is unpredictable in its value. I do not remember that anyone predicted that by the end of last year it would rise to $ 20,000, as well as the fact that it would then drop to almost $ 6,000. Therefore, no one knows how he will behave in the future. However, an increase in its price by the end of next year to $ 64,000 will again introduce a very large confusion in prices and this will affect all the Crypto-currency. It is necessary to imagine what the next bitcoin correction will be after such growth and how long it will last.

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Quote from: ridertiger on May 21, 2018, 08:59:20 AM

Analytical agency Fundstrat Global Advisors LLK published its Forecast.

"We believe the current path of hash power growth supports a BTC price of about $36,000 by 2019 year end, with a $20,000-$64,000 range," Sam Doctor, head of data science research at Fundstrat, said in a report. Hash power refers to the processing power computers need to generate bitcoins.

Another Fundstrat prediction? Proceed with caution!

I'm glad they've provided some rationale for their prediction: hash power growth. But I don't see the causal link between hash power growth and bitcoin price growth. The hash power alone refers to how many bitcoin miners are participating in the activity and the difficulty of mining (which corresponds to the number of bitcoins left to be mined).

They also mention economics and capex and cost of mining machines. It's as if they're implying that if bitcoin is more expensive to mine that the price of bitcoin will have to increase. But the price activity doesn't work this way. They're implying that bitcoin miners will hold their bitcoin until they receive a price that guarantees a sufficient profit margin. Do bitcoin miners do this today? If not, we cannot assume they'll do it in the future.

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