Topic: Fundstrat:"Bitcoin will cost $64'000". (Read 197 times)
I believe that bitcoin will soar to $ 64,000
Everybody is just coming with several predictions as they seem it fit and they all claim they rely on certain statistics or data to have arrived to that coveted position. The simple truth is news like this just want to keep the hope high and consistent hoping for a better future because to me, I have not seen any basis to support such prediction but that does not mean its not possible but be willing to bear the outcome if you are sure of what you will believe in.
this will be massive income if this prediction was right
Lots of predictions from everyone. But in the end, no one really knows, any major event can make the market crash completely.
What if binance gets hacked, if Kobayashi sells all hits BTC in a week, if some exchanges have to close because of regulations, if KYC becomes mandatory for every coin holder...?
What if binance gets hacked, if Kobayashi sells all hits BTC in a week, if some exchanges have to close because of regulations, if KYC becomes mandatory for every coin holder...?
It's not that I disagree, it's just that I know they do not have the data to really show that.
Fundstrat have been optimistic about the price of Bitcoin. Lee has previously said that a long-term target of $100,000 is conceivable. He has also stated that by the end of 2018, one of the 21 million total BTC units will cost around $25,000. His predictions have been proved correct in the past too.
Let's see if this one becomes true as well or not.
Let's see if this one becomes true as well or not.
That is really gentle push towards how crypto's and specifically bitcoin will react to the market by the year end.
I think most of the miners do hold their coins as it is until they see huge price rises which can get them both their inevstment as well as some profits on the top of line. So gotta say that they are like bottom of market cap who supports every sell wall that comes ahead and dont let it push further and stabilises the bitcoin.
If they continue like that then off course bitcoin will be in demand as they keep holding more and more and thus time will play its role in the later times.
I think most of the miners do hold their coins as it is until they see huge price rises which can get them both their inevstment as well as some profits on the top of line. So gotta say that they are like bottom of market cap who supports every sell wall that comes ahead and dont let it push further and stabilises the bitcoin.
If they continue like that then off course bitcoin will be in demand as they keep holding more and more and thus time will play its role in the later times.
Fundstrat predict that the Bitcon will cost $64,000 by the end of the year. The most interesting in this prediction is that it is based on the growth of mining activity.Note, Fundstrat predict that the hash rate will increase to 350% until 2019. Sam Doctor, head of data research at Fundstrat, said in a report:
[...]
Do you agree with the analysts at Fundstrat?
[...]
Do you agree with the analysts at Fundstrat?
I love some good speculation as much as the next guy, but it still seems rather unfounded.
Looking at the hashrate of the last 2 years, the growth of mining activity during the last few months hasn't increased more than usual.
https://blockchain.info/charts/hash-rate?timespan=2years&scale=1
Ignoring the big slope during the advent of ASICs, hashrate growth has been fairly stable since late 2011. Looking at 2014 the hashrate seems to grow more than usual in wake of a bubble (could also have been ASIC laggards though), but in itself doesn't seem like a good indicator of future price movements.
https://blockchain.info/charts/hash-rate?timespan=all&scale=1
It is also worth noting that at this point the majority of Bitcoins has already been mined, so investor sentiment will have a larger influence on the Bitcoin price than miner sentiment.
really want to believe in such predictions!
I'll guess 100k before 2019 hits. What do I get if I'm right?
Only one more prediction and we have hit every price from $0 to $1million in a few years. One of those numbers is going to happen and the person who predicted, sorry, I mean guessed will get a lot of attention.
I certainly love the people from fundstrat with these positive predictions that they are giving to all of us.
It may not look convincing for now but good things will come at the end of the storm. We have been through many waves of storm and still kicking.
It may not look convincing for now but good things will come at the end of the storm. We have been through many waves of storm and still kicking.
Do you agree with the analysts at Fundstrat?
As long there is an analysis for that prediction I would love to believe it.
Fundstrat predict that the Bitcon will cost $64,000 by the end of the year. The most interesting in this prediction is that it is based on the growth of mining activity.Note, Fundstrat predict that the hash rate will increase to 350% until 2019. Sam Doctor, head of data research at Fundstrat, said in a report:
"We believe that the current capacity growth supports BTC price of about $36'000 until the end of 2019 with a range from $20'000 to $64'000."
The report also says that the Bitcoin mining economy is likely to create a level of support for the cryptocurrency. Bitcoin miners are more likely to hold on to the cryptocurrency until the price drops below break-even on operating costs. They will then sell as prices rise, giving them higher profits. One of the most popular miners is Antminer. Fundstrat estimates that, as of may 6, the break-even price for the old Antminer S7 was $6,003 for BTC and $2,368 for the new Antminer S9. A new generation of miners is expected, which, according to Doctor, should provoke a new round of capital expenditures. This should also lead to a rise in hashrate if the price of Bitcoin rises.
Do you agree with the analysts at Fundstrat?
"We believe that the current capacity growth supports BTC price of about $36'000 until the end of 2019 with a range from $20'000 to $64'000."
The report also says that the Bitcoin mining economy is likely to create a level of support for the cryptocurrency. Bitcoin miners are more likely to hold on to the cryptocurrency until the price drops below break-even on operating costs. They will then sell as prices rise, giving them higher profits. One of the most popular miners is Antminer. Fundstrat estimates that, as of may 6, the break-even price for the old Antminer S7 was $6,003 for BTC and $2,368 for the new Antminer S9. A new generation of miners is expected, which, according to Doctor, should provoke a new round of capital expenditures. This should also lead to a rise in hashrate if the price of Bitcoin rises.
Do you agree with the analysts at Fundstrat?
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