FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest - page 906.

TheQuin

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Quote from: stingray777 on January 10, 2020, 08:13:45 AM

20K too wouldnt be a bad bet if one were to just buy and keep for one year from the current point. What factors you think will push the price to 20k? Some say halving some say adoption by new users...

Here's an interesting thread on the subject where someone who knows a thing or two makes a good point.

Quote from: theymos on January 02, 2020, 09:11:25 PM

Some have said that this halving won't have as much effect as the last two, but it's still a reduction in monetary inflation from 3.7%/yr to 1.8%/yr, which is far from nothing, and in fact I see it as permanently bringing BTC out of the inflationary era and into the deflationary era.

stingray777

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Quote from: BitcoinsGreat on January 10, 2020, 05:04:05 AM

Quote from: docthusinh on January 09, 2020, 09:53:33 PM

Quote from: BitcoinsGreat on January 09, 2020, 02:01:48 PM

Quote from: stingray777 on January 08, 2020, 03:56:06 AM

Call me bullish.... Just placed a bet on 1000,000 USD for Bitcoin price 2020. How many of you think it will make it to that level this year?

1000,000 USD ? or you have put few zero extras while predicting the price of bitcoin in 2020.
Believe me you will lose your bet. That's all i can say about your bet.

50,000 USD will also be very hard for the situation right now. As long as mass of the 2018 adopters cannot get out in profit, new money will not flow in. Imaging of a case where many guys have alot of cash sitting in their bank accounts just to wait for any investment opportunity, but they have a friend that joined in 2018 ATH period and still deep in red...as long as this guy is still in red these "alot of cash" guys will not simply put in his money. You will need to see Bitcoin price go up above 20k and stay around that range for long enough to let those ATH buyers get out in profit, only then the hype can begin again.

Even 50,000 USD bitcoin price is hard to achieve this year. If you want a safe bet you can bet that bitcoin will reach 20,000$ by the end of this year. This will be very much possible because bitcoin prices reaches the all time high after every halving and it can continue to do so this year also.

20K too wouldnt be a bad bet if one were to just buy and keep for one year from the current point. What factors you think will push the price to 20k? Some say halving some say adoption by new users...

Nadziratel

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BitcoinsGreat

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Quote from: docthusinh on January 09, 2020, 09:53:33 PM

Quote from: BitcoinsGreat on January 09, 2020, 02:01:48 PM

Quote from: stingray777 on January 08, 2020, 03:56:06 AM

Call me bullish.... Just placed a bet on 1000,000 USD for Bitcoin price 2020. How many of you think it will make it to that level this year?

1000,000 USD ? or you have put few zero extras while predicting the price of bitcoin in 2020.
Believe me you will lose your bet. That's all i can say about your bet.

50,000 USD will also be very hard for the situation right now. As long as mass of the 2018 adopters cannot get out in profit, new money will not flow in. Imaging of a case where many guys have alot of cash sitting in their bank accounts just to wait for any investment opportunity, but they have a friend that joined in 2018 ATH period and still deep in red...as long as this guy is still in red these "alot of cash" guys will not simply put in his money. You will need to see Bitcoin price go up above 20k and stay around that range for long enough to let those ATH buyers get out in profit, only then the hype can begin again.

Even 50,000 USD bitcoin price is hard to achieve this year. If you want a safe bet you can bet that bitcoin will reach 20,000$ by the end of this year. This will be very much possible because bitcoin prices reaches the all time high after every halving and it can continue to do so this year also.

Kakmakr

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My bet was placed on the price being $20 000 by the end of 2020 and I am over optimistic with that guess, because I am guided by the previous price history and a 3 year price cycle that are not confirmed. (My own observation) Roll Eyes

McAfee just make all these wild price predictions to get attention from the media and to keep himself relevant. We all knew he would back out from the bet to cut off his private parts, if he lost that last bet. Roll Eyes

I hope being conservative, would help to be more accurate with my predictions, but as we know... nothing in Bitcoin is predictable. (Price speculation is mostly based on hidden agendas and hype) Sad

UserU

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Quote from: docthusinh on January 09, 2020, 09:53:33 PM

]

50,000 USD will also be very hard for the situation right now. As long as mass of the 2018 adopters cannot get out in profit, new money will not flow in. Imaging of a case where many guys have alot of cash sitting in their bank accounts just to wait for any investment opportunity, but they have a friend that joined in 2018 ATH period and still deep in red...as long as this guy is still in red these "alot of cash" guys will not simply put in his money. You will need to see Bitcoin price go up above 20k and stay around that range for long enough to let those ATH buyers get out in profit, only then the hype can begin again.

I was one of them, hue hue

docthusinh

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Quote from: BitcoinsGreat on January 09, 2020, 02:01:48 PM

Quote from: stingray777 on January 08, 2020, 03:56:06 AM

Call me bullish.... Just placed a bet on 1000,000 USD for Bitcoin price 2020. How many of you think it will make it to that level this year?

1000,000 USD ? or you have put few zero extras while predicting the price of bitcoin in 2020.
Believe me you will lose your bet. That's all i can say about your bet.

50,000 USD will also be very hard for the situation right now. As long as mass of the 2018 adopters cannot get out in profit, new money will not flow in. Imaging of a case where many guys have alot of cash sitting in their bank accounts just to wait for any investment opportunity, but they have a friend that joined in 2018 ATH period and still deep in red...as long as this guy is still in red these "alot of cash" guys will not simply put in his money. You will need to see Bitcoin price go up above 20k and stay around that range for long enough to let those ATH buyers get out in profit, only then the hype can begin again.

BitcoinsGreat

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Quote from: stingray777 on January 08, 2020, 03:56:06 AM

Call me bullish.... Just placed a bet on 1000,000 USD for Bitcoin price 2020. How many of you think it will make it to that level this year?

1000,000 USD ? or you have put few zero extras while predicting the price of bitcoin in 2020.
Believe me you will lose your bet. That's all i can say about your bet.

jostorres

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Quote from: adaseb on January 09, 2020, 12:20:32 AM

$1,000,000 won't happen probably ever and $100,000 won't happen at the end of 2020 either. Who knows if it will ever reach $100K in its lifetime.

If you really think end of 2020 it will reach $100,000 then just go to Deribit Options and buy the $20000 call option which expires in Sept 2020 (Dec 2020 contracts not listed yet) and each BTC call option you buy is currently $600 (0.07 BTC). So if it ever reaches $100,000 you would have made $79400 ($100000-$20000-$600). Seems like a pretty good way to make over 100x your investment. Reason why is because there is a low probability that it will reach that amount.

I think the top figure might be maybe $15K-$20K or so. Over $20K would be great because generally it should be good for the gambling community because whenever BTC hits a new ATH there is usually tons of new people who join crypto just for the gambling sites.

I agree that $100k is definitely not possible this year and it will probably stay at maximum 30k even if it has a huge bull run. However saying 1 million is impossible ever is a bit over exaggeration don't you think?

I mean we are talking about bitcoin here and I am not entirely sure if it will exist in 100 years, technology keeps improving and we didn't had credit cards just 100 years ago and now it is vital part of our life, so maybe in 100 years bitcoin will be super adopted common thing or maybe something else that is much better will come out and bitcoin will be zero. Still, if it is still around in 100 years, considering all the inflation and all that 1 million is not impossible for bitcoin at all, in 30-40 years time it looks still quite possible.

However, $100k just this year is definitely a very very stretch possibility, probably as close to impossible as it gets without being technically impossible.

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Quote from: STT on January 08, 2020, 04:30:15 PM

Dont get wound up on the price, consider the market capital in total and then contrast it to various other markets. When bond markets are unwinding in value which is inversely when interest rates rise as inflation is perceived or ongoing in high street prices then you have a possible flow of capital from the largest market in the world which is debt and government securities trading.

Exactly! Unless you're specifically a trader who speculates on price or some kind of gambler looking at options and futures with contract expiry happening soon, then price isn't important to you. You're holding or you're investing in a future, where price (at a chart limit of weeks and months and years) is always on the uptrend. And look at underlying value like you said, capital flow is coming into Bitcoin, not going out.

leea-1334

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Quote from: adaseb on January 09, 2020, 12:20:32 AM

$1,000,000 won't happen probably ever and $100,000 won't happen at the end of 2020 either. Who knows if it will ever reach $100K in its lifetime.

If you really think end of 2020 it will reach $100,000 then just go to Deribit Options and buy the $20000 call option which expires in Sept 2020 (Dec 2020 contracts not listed yet) and each BTC call option you buy is currently $600 (0.07 BTC). So if it ever reaches $100,000 you would have made $79400 ($100000-$20000-$600). Seems like a pretty good way to make over 100x your investment. Reason why is because there is a low probability that it will reach that amount.

I think the top figure might be maybe $15K-$20K or so. Over $20K would be great because generally it should be good for the gambling community because whenever BTC hits a new ATH there is usually tons of new people who join crypto just for the gambling sites.

Never say never I always say in crypto. I do not think a 100 years ago people thought they would be able to see gold make this much and get this much attention. 10 years ago people were saying $30 was a pipe dream and now even stupid altcoins get $30 easily.

We will probably not be around to live and see btc get 1 billion but I suspect 1 million is a matter of years.

adaseb

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$1,000,000 won't happen probably ever and $100,000 won't happen at the end of 2020 either. Who knows if it will ever reach $100K in its lifetime.

If you really think end of 2020 it will reach $100,000 then just go to Deribit Options and buy the $20000 call option which expires in Sept 2020 (Dec 2020 contracts not listed yet) and each BTC call option you buy is currently $600 (0.07 BTC). So if it ever reaches $100,000 you would have made $79400 ($100000-$20000-$600). Seems like a pretty good way to make over 100x your investment. Reason why is because there is a low probability that it will reach that amount.

I think the top figure might be maybe $15K-$20K or so. Over $20K would be great because generally it should be good for the gambling community because whenever BTC hits a new ATH there is usually tons of new people who join crypto just for the gambling sites.

STT

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Dont get wound up on the price, consider the market capital in total and then contrast it to various other markets. When bond markets are unwinding in value which is inversely when interest rates rise as inflation is perceived or ongoing in high street prices then you have a possible flow of capital from the largest market in the world which is debt and government securities trading.
Only when bonds are off the QE yellow brick road we will start to see the really impossible prices elsewhere and 100k or 1m per BTC is that level imo. The Feb to July prices this year was a bullish trend and it was quite steady in that for a long while and beyond the expectations of most.
Japan has been running artificial debt purchases and QE programs since the early 90's and not fallen over just yet, I dont estimate we dodge consequences that long and generally technology is a way to speed up an existing phenomena.

Quote

Something between 50k and 100k USD is quite possible though.

Not this year, I'd guess more like 10k or at best low five figures and I consider that bullish. 50k this decade would get you laughed off the stage most places, thats about the valuation of Apple I think so does Bitcoin serve that many people every day.

mindrust

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Quote from: BitSat19 on January 08, 2020, 03:30:09 PM

Quote from: stingray777 on January 08, 2020, 03:56:06 AM

Call me bullish.... Just placed a bet on 1000,000 USD for Bitcoin price 2020. How many of you think it will make it to that level this year?

Its not good bet as I am not feeling its going to touch this figure in this year we have to wait for this figure.

1.000.000 this year is pretty impossible. Even McAfee backed off from that prediction.

Something between 50k and 100k USD is quite possible though.

If 1m happens there won't be any btc holders left around in this forum anymore probably because most will get out as soon as they see a new ATH.

BitSat19

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Quote from: stingray777 on January 08, 2020, 03:56:06 AM

Call me bullish.... Just placed a bet on 1000,000 USD for Bitcoin price 2020. How many of you think it will make it to that level this year?

Its not good bet as I am not feeling its going to touch this figure in this year we have to wait for this figure.

ice18

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Quote from: doge10x on January 07, 2020, 09:57:50 AM

At this point, I am just questioning the legitimacy of this site..

Feel free to backread at the last 500 pages and tell us if you see any bad reputation or any accusations that arent solve by this site.

fullhdpixel

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Quote from: stingray777 on January 08, 2020, 03:56:06 AM

Call me bullish.... Just placed a bet on 1000,000 USD for Bitcoin price 2020. How many of you think it will make it to that level this year?

Right now, there are over 340 days left until 2020 is over, there is absolutely no way anyone could know what bitcoin could do until that moment. Plus this is more about which price it is closer and not which price it will be. So, 100k means over 75k because under 75k goes to 50k, and by over 75k I mean it works until 175k or so if my math is not wrong, so basically just saying over 75k since over 175k is definitely not possible inside one year.

It shows you that 100k is more viable than it looks, it doesn't mean 100k, it means over 75k, still quite improbable to happen, still wouldn't bet that, still very difficult but compared to over 100k, over 75k is more realistic. I would still bet on 10k or 25k, those two looks like the most realistic to me this year, but who am I to know what will happen.

leea-1334

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Quote from: stingray777 on January 08, 2020, 04:17:13 AM

I guess that's how bitcoin behaves.. ain't it? Gives you beautiful surprises when you least expect it?

You think 1M USD ever to happen at all?

Which is why it is very very important to never expect big prices! This was the problem of 2018 and 2019, people kept expecting the bull run so it never came. I am really hoping this year nobody hypes anything and we give up on 1 M BTC because it will come if we do not ask for it.

Oh and thank goodness McAfee no longer will make d*** headlines for the rest of the year now that he has said he will not do it for sure.

stingray777

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I guess that's how bitcoin behaves.. ain't it? Gives you beautiful surprises when you least expect it?

You think 1M USD ever to happen at all?

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