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Topic: JP Morgan: bitcoin could hit $146,000 - page 4. (Read 752 times)

hero member
Activity: 3010
Merit: 666
November 08, 2021, 04:42:54 PM
#37
I don't buy their prediction, they didn't make an impact in the crypto space, so whether they will be bullish or bearish in bitcoin, it doesn't matter as they might be playing us. Of course, we love a bullish prediction, but we should know who to follow and only follow those who are consistently bullish until now and in that case, it's not JP Morgan or their CEO.
hero member
Activity: 2562
Merit: 586
November 08, 2021, 04:36:18 PM
#36
That guy is very confusing. lol i don't know what will be his next words about crypto currency or let say bitcoin because previously he had a bad views and suddenly turn like this? Grin it seems his trying to follow the path of elon musk. Negative and turn into positive immediately.  now i don't want to hear another words from them, it's enough because they all make people crazy because of their words and comments about crypto currency, indeed they're not a fortune-teller so who care.?
This is also possibility because recently we have some good number of influencers using Elon Musk use case about having some good hype and better profit even we all know about bitcoin it's doing some good and most chances this price can hit in near future. Even volatility issues are also had some serious impact on price tag but still we all understand those calling bitcoin a fraud and hype now having big U-Turn and want to take some credibility about this in near future using their analysis of bitcoin and its future price.

Few days back, another big crypto related influencer predicted about some rise and having good price in coming weeks.
legendary
Activity: 3234
Merit: 5637
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November 08, 2021, 09:15:43 AM
#35
Would it be enough for some nice week-end speculation?  Cheesy

Just that and nothing more than that, because they’ve become a bit boring with their recycled stories every few months - especially as they persistently focus on Bitcoin versus gold and vice versa. What can make us somewhat happy is the fact that banks like JPM have realized a little too late what Bitcoin is, so now they are trying to grab a piece of the pie that is increasingly slipping off their plates.



Why would you pay any attention to and worse, even advertise on the forum opinion of one of the most corrupt banks in the world. Not just that but a bank that has a history of spreading FUD about bitcoin. Have you forgotten the statement by their CEO saying "bitcoin is fraud"? Not to mention that we already know these banksters have been trying to manipulate bitcoin market on multiple occasions.

This is what banks do best, they have a position that allows them to manipulate various markets and generate profit from it - while of course making money by providing services to ordinary people at outrageously high fees. I know JD had very negative statements about Bitcoin that he withdrew and even apologized to, but it’s not clear to me that he got lost again in some conspiracy theories - the CEO is saying one thing and the company something completely different. Some would say that they are doing it on purpose, but it is not excluded that it is only a matter of good old human ignorance.
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
November 08, 2021, 07:16:21 AM
#34
Why would you pay any attention to and worse, even advertise on the forum opinion of one of the most corrupt banks in the world. Not just that but a bank that has a history of spreading FUD about bitcoin. Have you forgotten the statement by their CEO saying "bitcoin is fraud"? Not to mention that we already know these banksters have been trying to manipulate bitcoin market on multiple occasions.
Although they are spreading fud before on bitcoin but this speculation they made right now would make those other hater thinks on why they change their minds and predicting good now unto the bitcoins, maybe those prediction they made now can help bitcoin to pump a little bit more but we shouldn't take their statement deeply since we know how they manipulate the minds of the people so we must be aware on that and always take proper precaution on our decision making on our holdings.
legendary
Activity: 3668
Merit: 6382
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November 08, 2021, 06:44:19 AM
#33
The JP Morgan guys are acting as "attention whores". Their analysis and BTC predictions are a joke.

This is correct. But aren't all the predictions of "personalities" made only to attract attention?

What's the point of making a 73K USD price prediction and then revising that price prediction to 146K USD?
It seems that the first price prediction was completely wrong and guy,who made it must be fired. Grin

It's known that these predictions are completely worthless. It's also known that the number posted in the prediction must be somewhat shocking/impressive to draw attention.
So I guess that the advertising department - who probably wrote both "analysis" (lol!) - may need to fire someone.
Or maybe making fools of themselves is their new marketing strategy?  Cheesy
hero member
Activity: 3164
Merit: 937
November 08, 2021, 06:34:56 AM
#32
The JP Morgan guys are acting as "attention whores". Their analysis and BTC predictions are a joke.
They are just trying to get more attention to themselves at this point.I don't know why.Maybe this is some kind of "smoke and mirrors" distraction move,with the sole purpose of getting more eyeballs focused on JP Morgan,while they are working on some hidden agenda.Maybe they want to pump the BTC price even more,by publishing extremely bullish price speculations.
What's the point of making a 73K USD price prediction and then revising that price prediction to 146K USD?
It seems that the first price prediction was completely wrong and guy,who made it must be fired. Grin
I guess that the forum will be filled with more news about JP Morgan in the upcoming weeks.Most of these news will be plain and simple clickbait with no value.
 
legendary
Activity: 3472
Merit: 10611
November 08, 2021, 12:17:10 AM
#31
Why would you pay any attention to and worse, even advertise on the forum opinion of one of the most corrupt banks in the world. Not just that but a bank that has a history of spreading FUD about bitcoin. Have you forgotten the statement by their CEO saying "bitcoin is fraud"? Not to mention that we already know these banksters have been trying to manipulate bitcoin market on multiple occasions.
hero member
Activity: 2240
Merit: 848
November 08, 2021, 12:05:26 AM
#30
That's the same projection they made in the early part of the year. Also they state that as their long term projection, not like an end of cycle projection that they think will be happen in 6 months or something. Just vaguely long term it'll go to $146k, which is hilariously conservative. Long term Bitcoin is going into the millions. $146k is probably a good guess for a 2022 high though. I'd expect $150k+ to be reached in 2023.


Anyway, it's not like JP Morgan has any more idea than anyone else. They may as well be some rando on the internet. And judging by their $146k "long term" projection they are hopelessly naive on where Bitcoin is headed.
full member
Activity: 1708
Merit: 105
November 07, 2021, 06:41:43 AM
#29
everyone can and can analyze what will happen to bitcoin, because all are free to give their thoughts and it's up to those who have the funds and institutions to do what the observers say.
whether the observer can make them believe and move so that there is movement in the trade that becomes active.
but I totally agree that there is at least some enlightenment made by observers about bitcoin in the crypto market.

It makes sense that JPMorgan analyzes by saying bitcoin will be able to reach $ 146K, but unfortunately last October the increase in bitcoin was not maximal, it could only increase by 39.93% from the prediction that should be made of 47.81%. if only this november could increase sharply it would make it easier at the end of the year to achieve it, if it missed it was possible there would be an extension of time until 2022. is it possible? in crypto anything can happen and we wait patiently, because the movement looks very good.
sr. member
Activity: 2016
Merit: 283
November 07, 2021, 04:42:06 AM
#28
That guy is very confusing. lol i don't know what will be his next words about crypto currency or let say bitcoin because previously he had a bad views and suddenly turn like this? Grin it seems his trying to follow the path of elon musk. Negative and turn into positive immediately.  now i don't want to hear another words from them, it's enough because they all make people crazy because of their words and comments about crypto currency, indeed they're not a fortune-teller so who care.?
full member
Activity: 2086
Merit: 193
November 06, 2021, 04:53:48 PM
#27
JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

The guys have updated their predictions and I find the new value interestingly high. The new 146k has the potential imho to be the start of a new pump.
Would it be enough for some nice week-end speculation?  Cheesy

I know that "JPMorgan said that for the $146,000 price to come true, bitcoin's huge volatility would have to fall sharply", but I don't think that the investors would care much about that detail.
Knowing JP Morgan, they really show a great speculation on Bitcoin and that could be the reason why they increased it but having said that it will fall sharply, that is normal on every market and it happened many times already with Bitcoin so if you’re not new on this market you already expect this one.
legendary
Activity: 3052
Merit: 1273
November 06, 2021, 03:54:15 PM
#26
Volatility would have to fall?
How can BTC even move a cent without volatility?
And how will BTC reach there without enough volatile action?
They think BTC will be $146k straight without a correction? And once it reaches there, won't there be a possibility of a crash due to being so high in price? Volatility is the beauty of crypto trading and investors love it because they get to earn money from both the sides. So, if BTC stabilizes at any point, then the sporting spirit and joy that every investor have in their hearts will fly away.
hero member
Activity: 2828
Merit: 611
November 06, 2021, 03:44:02 PM
#25
I think if JPMorgan's prediction that bitcoin reaches $146,000 might happen in the next 2-3 years not this year or early 2022. It will also be achieved if market conditions continue to be bullish and there is no negative sentiment like in 2017 where prices of bitcoin plummeted after hitting a high.
It will happen either by end of this year or mid of next year or else it will take time for another four years to happen. But, like many people have speculated here I am also expecting to be reaching such kind of big price levels within this year because we are having taproot upgrade for bitcoin ecosystem by coming December month which may create FOMO to reach up to $200k levels.

Right now Bitcoin market is trading sideways but it is expected to be hitting into another ATH at any time sooner. Sideways market is most usual for any market before getting into stronger bull run so I am just speculating that bitcoin market is preparing for FOMO driven rally.
member
Activity: 588
Merit: 11
Futiracoin.com
November 06, 2021, 10:56:51 AM
#24
JPMorgan renews prediction that bitcoin could hit $146,000 - and says it's acting more like digital gold than ever

The guys have updated their predictions and I find the new value interestingly high. The new 146k has the potential imho to be the start of a new pump.
Would it be enough for some nice week-end speculation?  Cheesy

I know that "JPMorgan said that for the $146,000 price to come true, bitcoin's huge volatility would have to fall sharply", but I don't think that the investors would care much about that detail.
The problem of volatility becomes a reference for applying previous price predictions, even this is what people actually want and if it can be solved from that value, then bitcoin is not certain to achieve the predictions it makes, so people will not be worried about the existing bitcoin storage and JPMorgan's statement is speculation to pump bitcoin even more in value, if his credibility begins to be at stake.
legendary
Activity: 3710
Merit: 1170
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November 06, 2021, 07:38:05 AM
#23
Price is just a temporary stuff. I mean even if btc price will touch xxxxxx .... next... Huh
what it means? it collapse to zero? It become a stable value? it's stop growing = inflation disappeared etc etc?
for what I have seen and understood... no isn't in that way that it works.
I have never taken a single cent of bitcoin thanks to the suggestion of some one.
More over I totally don't care about speculation on price.

1 btc = 1 btc
... I can "trust" in btc network/btc as store of "value" than any other payment network!
Price is the reason why it is getting high adoption. If it was still 100 dollars after so many years, there wouldn't be too many people interested in it, but since it broke over 60k that results with a lot of people either making a lot of money from it, or other people hoping to make a lot of money from it. Which is why the price matters, and constant increases matter a lot as well.

You may like it or dislike it but that is the truth of crypto right now. I personally hope that we would see something like 100k, but even if we do not, we are still doing good and this is how we got El Salvador, a whole nation to start accepting bitcoin even before some companies started to do it.

One btc = one btc will only happen if we start to live with purely crypto payments but right now that is not the case and we can't really let it be considered that way as long as we are still mainly using fiat right now.
legendary
Activity: 3276
Merit: 3537
Nec Recisa Recedit
November 06, 2021, 02:46:39 AM
#22
Price is just a temporary stuff. I mean even if btc price will touch xxxxxx .... next... Huh
what it means? it collapse to zero? It become a stable value? it's stop growing = inflation disappeared etc etc?
for what I have seen and understood... no isn't in that way that it works.
I have never taken a single cent of bitcoin thanks to the suggestion of some one.
More over I totally don't care about speculation on price.

1 btc = 1 btc
... I can "trust" in btc network/btc as store of "value" than any other payment network!
member
Activity: 1274
Merit: 12
November 06, 2021, 02:36:39 AM
#21
I think if JPMorgan's prediction that bitcoin reaches $146,000 might happen in the next 2-3 years not this year or early 2022. It will also be achieved if market conditions continue to be bullish and there is no negative sentiment like in 2017 where prices of bitcoin plummeted after hitting a high.
legendary
Activity: 2884
Merit: 1117
November 06, 2021, 01:18:50 AM
#20
$146k is somewhere in the middle as per my old speculation for this current bull run. Still, I welcome this because they are also optimistic about getting into FOMO rather than getting into bearish trend from where we are right now.

Projections toward $150k seems like using Fibonacci analysis but I am still feeling like this may not be a final ATH of current cycle as per what we do see through "history" analysis. Probably $150k might be the starting point of FOMO as bitcoin might get into $100k to $120k in slow and steady manner and then will intensify its pace after getting into $150k levels; this way I am also confident about getting into $400k levels.

Overall, this kind of speculation from a reputed institution house is more important for this community and for all the investors all over the world as we just need this kind of positive thing to continue our holding which is more important to reach any kind of speculation in real market.
legendary
Activity: 1372
Merit: 2017
November 05, 2021, 11:56:01 PM
#19
I think they made this bold prediction at the start of the year, and just renewed their prediction in the last day that bitcoin will indeed on the road to $100k.

This is their prediction on January 4, 2021.

JPMorgan says bitcoin could rally as high as $100,000 - but warns that such a surge would be 'unsustainable'



But just the other day, I was surprised to find this thread:

JP Morgan believes Bitcoin is Overpriced.

I couldn't care less about what JP Morgan says.The $146K prediction is in line with most predictions for this year. We are in the home stretch and it will soon be seen if it is correct. As for the FUD prediction, they can shove it up their ass. Let's remember what they were saying years ago:

JPMorgan CEO Jamie Dimon says bitcoin is a ‘fraud’ that will eventually blow up.
hero member
Activity: 1414
Merit: 542
November 05, 2021, 08:53:39 PM
#18
So I guess the moral lesson is that we really can take this predictions seriously specially coming from the likes of JP Morgan who has the history of talking about negatively on bitcoin, but behind our backs are buying and stash it out for their costumers back in 2017.

Anyhow, they've probably have their positions months ago, and probably just wanted to make some hype around it. As we all know for sure we can't really predict, although we have this s2f model that is brewing and make us believed that 6 digits is possible at the end of the year.
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