Is right or wrong that bitcoin price will up to $160k in 2023? - page 5.

Febo

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Quote from: happy5571 on February 27, 2019, 06:22:51 AM

Today I find an interesting graph about bitcoin price trend, this chart predicts the possible price of BTC in the upcoming fourth bull run

From the first bull run to the upcoming fourth bull run, bull runs usually become more prolonged, and a bit less intense over time.

In the fourth bull run, the highest price of BTC will up to $160k in September 2023 rather than 2021 commonly assumed, and in October 2019 BTC will crash down $3000, from October 2019 to January 2020 is the lower price period of BTC, and it will be the best time to invest.

What this chart presents matches up with an article I read earlier, the gist of that article is that the lower point of BTC price may appear after September 2019, rather Jan 2019
I don’t know what algorithm does this chart uses, maybe itself no algorithm.

what you do think about the viewpoint of this chart, please leave your comment or viewpoint.

image url：https://ibb.co/TK5my5T

This predictions seems bad. Specially the $160k in 2023. But anything can happen really. There is no one that know the future. We might have huge financial crisis at end of this year and people will sell crypto at any price just to save their asses.

gabbie2010

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Bitcoin can never attain that value of $160K even with approval by SEC ETF and Bakkt launch although there so much speculations and predictions flying around we have to also consider government regulations, bans and clampdowns on how its going to affect the price of bitcoin even the social media is not left out on how they had tarnished the image of bitcoin and painting it in a bad light all these will impedes the pump in the price of bitcoin.

futile-resistance

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I don't think bitcoin will get to that amount by 2023 but am sure we are going to get to that amount and even more in years to come. The crypto market is a very volatile market, which you can make a prediction and begin to see a different thing maybe because of just a single FUD news, even expert can not tell you the price bitcoin will be by 2023 but can only give speculations which might either be true or false, time will tell.

aris av

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I think it's too hard to happen, indeed many predict the price of bitcoin will continue to increase but by reaching 160k then the possibility will be difficult, for me high prices are like excessive expectations.

fabiorem

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Quote from: bitgov on February 27, 2019, 08:35:15 AM

After halving in 2020, all speculators predict the largest mega bull run in history of cryptocurrency market. With a bit of luck, in 2023 the price will fall from $300k in 2021 to $160k. Wink

If we take the pattern of the previous cycle as a example, we will have a 20x increase in relation to the previous ATH, which gives us something between 300k and 400k at the end of 2021. And if you think 20x is too much, I must point out that between 2011 and 2013, the price have risen 1200x, from one dollar to $1200 at the 2013 ATH.

And of course, the price will fall 90% again after 2021, going to 30k. This would probably give us a low of 160k by 2023. Thats why I think this chart is a bit off, it is only considering historical charts. The real curve is probably more pronounced to the upside.

One thing that I fear, is the persecution against hodlers, that might happen in this scenario. We will probably need citadels for hodlers.

guoyu78

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How could anyone know ?
Bitcoin price being 160 thousand dollars in 4 years equals to about 40 times what it is today.

If people knew that bitcoin would be 40 times its current price in just 4 years believe me they would invest into bitcoin heavily and insanely, all of us would buy bitcoin like crazy, hell I would sell every single thing I own in my possession for dirt cheap just to get there, I would sell my bed and my wardrobe and my fridge and live like a peasant 2000 years ago just to get those money x40, yet we have no idea if it will happen or not, there is not a single chance to know that.

It doesn't mean it won't happen, it doesn't mean it will happen neither, it just means we don't know what will happen. Those kinds of future predictions are hard, we barely know what could happen a week from now.

gabmen

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Quote from: mahilchii on February 28, 2019, 10:43:19 AM

Predictions are going beyond the limit these days, I can't even imagine the value which is mentioned here in so quick time $160k? Wow... that's so huge. people say anything can happen in crypto currency but how come such speculation? I don't think it will reach that when compared to the current market situation.

Lol and that's even conservative dude. One old man confidently wagered earing his own dick if btc don't hit 1m by 2020 lol. Everyone has his own speculative value so it's ok. The problem is if you believe and expect one of those speculations to be true and take it seriously.

harizen

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Quote from: happy5571 on February 27, 2019, 06:22:51 AM

what you do think about the viewpoint of this chart, please leave your comment or viewpoint.

No matter how good that graph is, how professional the analysis made, how properly backed it up, how accurate it is by looks of others etc. that will still remained as "prediction".

There are lots of predictions that being made last year about the possible outcome of bitcoin price throughout the year. Most of it are honestly properly backed it up meaning not just a simple prediction. But the result? The other way around.

It's good take those professional predictions as references but don't ever consider that as a main core of our future strategy. Im optimistic with the future of bitcoin but don't want to give numbers on where it should be several years by now. Im more focus of continous accumulation.

mahilchii

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Predictions are going beyond the limit these days, I can't even imagine the value which is mentioned here in so quick time $160k? Wow... that's so huge. people say anything can happen in crypto currency but how come such speculation? I don't think it will reach that when compared to the current market situation.

Hannahanto

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The chart seems to be accurate with data. The growth trend leads to a good growth in future. Still, anyone can predict and we can not expect the same result. But, yes based on its growth strength among people, bitcoin will certainly have a splendid growth. Crypto currencies will be prior currency enhancing countries economy.

CoinEraser

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Quote from: happy5571 on February 27, 2019, 06:22:51 AM

-snip
In the fourth bull run, the highest price of BTC will up to $160k in September 2023 rather than 2021 commonly assumed, and in October 2019 BTC will crash down $3000, from October 2019 to January 2020 is the lower price period of BTC, and it will be the best time to invest.
-snip-

That's just a prediction again and I wouldn't count on it. No one can reliably predict how Bitcoin's price will develop in the future. The whole crypto market is hard to estimate and it is even possible that we will never see a price of 160k$ at Bitcoin. I assume that Bitcoin can reach this price sometime, if and when that will be, nobody knows.

Shiversnow

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Quote from: bitgov on February 27, 2019, 08:35:15 AM

After halving in 2020, all speculators predict the largest mega bull run in history of cryptocurrency market. With a bit of luck, in 2023 the price will fall from $300k in 2021 to $160k. Wink

Even there will be a halving in the year 2020 there is no assurance that it will peak the price of $160k. Most of us are waiting for the next few years where there are more possible that the price of bitcoin will rise. Let see if bitcoin will really hit the price of $160k in the year 2023.

ethereumhunter

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There will be more and more prediction about bitcoin price, and it will happen from this year and go on, but we don't know the truth. I think we should leave that as a prediction because no one will know what will happen in the future unless he has a time machine Grin

You can say that bitcoin price will go up to $160k in 2023, but still, we need to wait and patient. We cannot just expect the times to arrive but what we need from now on is collecting more bitcoin from many ways because if you don't use your time to save more bitcoin, you will not make a lot of money in the future if you believe bitcoin will increase so high.

But I believe that in a few years later, bitcoin will be too expensive to buy and only people who have large money can buy bitcoin, and it is hard to buy 1 bitcoin. So you can save that chart for your own purposes while you continue to save more bitcoin and then when the time comes, you can sell it at once.

mostcrack

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it's difficult to predict the price of bitcoin. let alone for the next few years, one minute ahead we cannot predict for sure.
but all possibilities can still occur if there is bright hope. and surely everyone in the cryptocurrency world wants this to happen.

fabiorem

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Its right. This chart is FA, which is usually underestimated by day traders.

However, I believe it might go up more than that, because if you take a closer look, you will notice the first cycle is narrower than the second, and as such, the range for the third cycle would be bigger than it is show in the chart (which is based only on previous history). For this reason, we reached $3000 earlier than October 2019.

sunsilk

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Quote from: bitcoin31 on February 27, 2019, 06:23:38 PM

Only 4 yeats from now and we are in the 2019 on that year. I think we need to be focus now is to pump bitcoin before predicting very high. Because I think 100,000 dollars is highest or maximum price of the bitcoin and even that is less percentage to reach so what more if the price is more than that.

There's no limit on high bitcoin can reach in the future. But believing with such predictions today is something that everyone shouldn't do. How can we focus to pump bitcoin? focusing about pumping bitcoin? how can you we do that?

Predictions keep on coming and everyone is giving their idea on how much bitcoin will reach in the upcoming years. Focus on accumulating bitcoin so whatever the price would come up in the future, you are well prepared.

soxxx

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Quote from: happy5571 on February 27, 2019, 06:22:51 AM

Today I find an interesting graph about bitcoin price trend, this chart predicts the possible price of BTC in the upcoming fourth bull run

From the first bull run to the upcoming fourth bull run, bull runs usually become more prolonged, and a bit less intense over time.

In the fourth bull run, the highest price of BTC will up to $160k in September 2023 rather than 2021 commonly assumed, and in October 2019 BTC will crash down $3000, from October 2019 to January 2020 is the lower price period of BTC, and it will be the best time to invest.

What this chart presents matches up with an article I read earlier, the gist of that article is that the lower point of BTC price may appear after September 2019, rather Jan 2019
I don’t know what algorithm does this chart uses, maybe itself no algorithm.

what you do think about the viewpoint of this chart, please leave your comment or viewpoint.

image url：https://ibb.co/TK5my5T

I like Tuur Demeesters chart more. He nearly predicted 10k to the date years in advance....

https://twitter.com/tuurdemeester/status/545993119599460353

https://pbs.twimg.com/media/B5PB2WMIYAIkr6s.jpg

Herbert2020

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Quote from: gilangIDR on February 27, 2019, 08:07:06 PM

I think that the price is too excessive, with the current price intensity of 160KUSD is a value that is so impossible to achieve in 2023.

"expensive" compared to what? the true value of bitcoin is a lot higher than small numbers such as $160k specially when you consider the fact that there is only a limited amount of it available meaning unlike most other things including fiat and most of the altcoins bitcoin has a cap.
besides it seems like you have forgotten that less than 2 years ago people were saying $20k is too "expensive" and won't happen in 2017 but it did happen very easily.

marcbitcoins

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There is nothing wrong if Bitcoin price will reach that far because no one will reach that value if it was not trusted as promising investment but i don't believe that price will reach that high because the more Bitcoin become more expensive then it will become the more the difficult to purchase in which small time invetors will be forced to shift to Altcoins which is much cheaper to purchase.

gilangIDR

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I think that the price is too excessive, with the current price intensity of 160KUSD is a value that is so impossible to achieve in 2023. But remember that everything can happen in the world of cryptocurrency, many dreams come true. so try to dream and then we will get something beautiful.

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