Legendary Bitcoin Trader “masterluc” Predicts $15,000 Bitcoin This Year - page 2.

Biodom

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Quote from: oda.krell on August 26, 2017, 06:03:44 PM

Quote from: real_links on August 21, 2017, 04:12:17 PM

His main claim to fame is that he called the top of the November 2013 Bitcoin bubble and the subsequent bear market.

Or calling the bottom in July 2013 (paraphrasing a bit: buy everything below $60). Or calling various bull traps in 2014 (which I fell for myself, reliably, over and over again).

However, I give him most credit for a different type of prediction, about his own limitations. Early 2015 (someone else could look up the exact month), he essentially declared the bear market to be over, but added (paraphrasing, again): no targets this time, I cannot trade this anymore.

He's a competent trader, that much is plain visible if you check his post history. But he also seems to have a sense of distinguishing epistemic and aleatory uncertainty governing his trades. That's what makes him (in my opinion) a great trader.

/fanboyism

buying is easier, selling (at the right time) is hard.

oda.krell

legendary

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Quote from: real_links on August 21, 2017, 04:12:17 PM

His main claim to fame is that he called the top of the November 2013 Bitcoin bubble and the subsequent bear market.

Or calling the bottom in July 2013 (paraphrasing a bit: buy everything below $60). Or calling various bull traps in 2014 (which I fell for myself, reliably, over and over again).

However, I give him most credit for a different type of prediction, about his own limitations. Early 2015 (someone else could look up the exact month), he essentially declared the bear market to be over, but added (paraphrasing, again): no targets this time, I cannot trade this anymore.

He's a competent trader, that much is plain visible if you check his post history. But he also seems to have a sense of distinguishing epistemic and aleatory uncertainty governing his trades. That's what makes him (in my opinion) a great trader.

/fanboyism

Biodom

legendary

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I say that $21K is possible, but don't really expect it.
masterluc's graphs are very cool, though.

krizniq

full member

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15k for sure this year? you should be less dreamer and more realistic
bitcoin did over 900% this year, really cannot do 15k which would be something like 1400%

if your expectations will be realistic you can be surprised when it will be more, but when your expectations are stupid, you will be just pissed off.

there is no way in 4mo do another 1000%
What is good about current price is you can use earnings to earn more in altcoins in meantime when btc is going sideways, nothing wrong with cashing ouf from btc to gain more on others and then buy back , it's called trading and it's fun.

I'll be happy to be mistaken, but........ we'll see I'm not Wink

nizamcc

legendary

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If the whole world decides to enter Bitcoins at an extreme level (and it's already being done after media's involvement) and sees it as the best investment "asset" to bet upon, there's nothing that could stop Bitcoins to even cross a million (Satoshi's dream) so 40k - 100k is nothing and if we will surely see $15k this year, I bet there will be many who must be crying the hell out of their eyes for they couldn't resist selling off.

Kemarit

legendary

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If we are going to see $15000 this year, I think we may have been pushing it too much and its not be really good because it's more like to be a bubble that will burst soon. Realistically, around $6000 would be a safe bet for me.

What would it take to get to $15000? I'm not saying that the market is already saturated, but how can new investors enter if we keep seeing the price increasing? So be able to get to at least $5000 now, we need some minor adjustments along the way so that others can get it. $15000 will definitely touch, no doubt, but not this year, I speculate in the next 2 years or so this can be done but not this year.

fabiorem

sr. member

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Quote from: xypos on August 26, 2017, 05:52:02 AM

storing all their wealth on an exchange and knowing nothing about how it works.

Its wrong to store most of their wealth in a exchange. They need to be educated to use bitcoin-qt and run nodes themselves, if they have enough hdd space. If they dont, they have to use some cellphone wallet which allows them control of their private keys.

The recent fork was useful in this respect, as a lot of people learned to retrieve their private keys and to put their wealth into their own control. This decreased bitcoins in circulation in the exchanges, which increased the price.

gentlemand

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Welt Am Draht

Quote from: xypos on August 26, 2017, 05:52:02 AM

I'm starting to get worried by all the over-optimism by people on bitcointalk. They seem to think that bitcoin is some sort of magical token that will regularly double or triple in price, and missing the point of having bitcoin in the first place by storing all their wealth on an exchange and knowing nothing about how it works.

It depends on when you arrived. Anyone who sat through 2014/15 knows perfectly well that isn't the case.

Perhaps newcomers will be spoiled rotten. Perhaps they'll be schooled. If I was arriving right now I'd certainly be cautious.

xypos

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Quote from: Kunlejoe0 on August 26, 2017, 03:26:41 AM

Prediction is just what it is. I never thought the price we've seen this year is going to come soon. The truth of bitcoin is: we can never time the next price

Exactly. But is it going to go up by 30x in a year? I don't think so. Remember back in September last year we were looking at $600 as a relatively high price, and all of a sudden we are at $4k. But $15k is a completely different narrative, it is far beyond the scope of what we can achieve this year imo.

Long term wise it's no worries, but this year probably not going to happen.

I'm starting to get worried by all the over-optimism by people on bitcointalk. They seem to think that bitcoin is some sort of magical token that will regularly double or triple in price, and missing the point of having bitcoin in the first place by storing all their wealth on an exchange and knowing nothing about how it works.

exstasie

legendary

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Quote from: Yuuto on August 26, 2017, 02:22:59 AM

Quote from: Herman Hesse on August 25, 2017, 07:25:20 PM

It could happen only if institutional investors enter the stage in large scale and start buying thousands and thousands of BTC not asking if the price is 4000 or 5000 counting that it will be 30.000 in cca 5-6 years..(as long term investment) Without this massive buy from institutional investors - no way price can go above 6000-7000 USD till end of this year.

Agreed. Unless massive wave of investors just rush in for no reason this year(which we have actually seen earlier), then this prediction probably is not going to come true. Everyone can see that the price is already bought up quite a lot and a lot of people aren't willing to take the risk anymore, so they'd rather wait it out and buy bitcoins at a lower price.

It's definitely possible. LedgerX got the green light from the CFTC, and they are aimed at institutional/accredited investors only. I can't remember where I heard it, but supposedly they are throttling registrations due to the level of interest. No idea if it's true, but I could believe it. Frankly, I'm surprised they got CFTC approval; I assumed they would get rejected (like the SEC with the ETF applications).

That's not to say that "build it and they will come" is a sure thing, but it's clear that many people are expecting institutions to enter Bitcoin (and cryptocurrencies in general).

Kunlejoe0

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Prediction is just what it is. I never thought the price we've seen this year is going to come soon. The truth of bitcoin is: we can never time the next price

Yuuto

hero member

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Quote from: Herman Hesse on August 25, 2017, 07:25:20 PM

It could happen only if institutional investors enter the stage in large scale and start buying thousands and thousands of BTC not asking if the price is 4000 or 5000 counting that it will be 30.000 in cca 5-6 years..(as long term investment) Without this massive buy from institutional investors - no way price can go above 6000-7000 USD till end of this year.

Agreed. Unless massive wave of investors just rush in for no reason this year(which we have actually seen earlier), then this prediction probably is not going to come true. Everyone can see that the price is already bought up quite a lot and a lot of people aren't willing to take the risk anymore, so they'd rather wait it out and buy bitcoins at a lower price.

This alone will mean that bitcoin will not go up by this much this year, it's more than tripling the price.

Even if it does go up to $15k i don't think any bitcoiners would be rejoicing. It would just mean that we're in another bubble.

Herman Hesse

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It could happen only if institutional investors enter the stage in large scale and start buying thousands and thousands of BTC not asking if the price is 4000 or 5000 counting that it will be 30.000 in cca 5-6 years..(as long term investment) Without this massive buy from institutional investors - no way price can go above 6000-7000 USD till end of this year.

krizniq

full member

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Quote from: ?? on ??

Quote from: krizniq on August 24, 2017, 08:17:31 AM

BCH noobs keeps jamming BTC
so 15k not by chance

https://twitter.com/WhalePanda/status/900659069412945920

I was transfering some btc's with quite a high fee and it tooks like 8hours to get 4confirmations, this is just completely fucked up situation and there should be some mechanism to disconnect those which are doing it in purpose.

You mean a mechanism to disconnect Core?

Disconnect/penalise those which are mining empty blocks or jamming mempool

rivoke

legendary

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Quote from: HatakeKakashi on August 25, 2017, 02:01:29 AM

I think the highest price of bitcoin before end of this yrar 2017 will be 5000 to 7000 dollars because the price of 15k dollars is very high for this year maybe the price of that will reach in the year of 2018 or 2019. But it depends on the demand on the market if the bitcoin have many buyers for sure it will increase more. More bitcoin that you have more money to come with you. Everything is possible to happen.

Since bitcoin is unique, I think it's not impossible to happen especially based on graph history , bitcoin keep increase over time.
It means more people put their faith on bitcoin and I'm one of them who believe bitcoin forever ! ( spend my salary for bitcoin every month )

HatakeKakashi

hero member

Activity: 1274

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I think the highest price of bitcoin before end of this yrar 2017 will be 5000 to 7000 dollars because the price of 15k dollars is very high for this year maybe the price of that will reach in the year of 2018 or 2019. But it depends on the demand on the market if the bitcoin have many buyers for sure it will increase more. More bitcoin that you have more money to come with you. Everything is possible to happen.

Shinpako09

legendary

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Merit: 1015

When it comes to prediction, others can also do it. For sure by that time he is not the only who has a prediction like that. It's just they didn't tell it to public. Also, human ain't perfect. He could be wrong even if let's say he is a pro trader. We only have 4mos left this year and that $15k seems so high to reach it within 4mos. Unrealistic for me. $5k to $6k would be more realistic this year.

krizniq

full member

Activity: 182

Merit: 100

BCH noobs keeps jamming BTC
so 15k not by chance

https://twitter.com/WhalePanda/status/900659069412945920

I was transfering some btc's with quite a high fee and it tooks like 8hours to get 4confirmations, this is just completely fucked up situation and there should be some mechanism to disconnect those which are doing it in purpose.

Kyraishi

hero member

Activity: 952

Merit: 513

Quote from: real_links on August 21, 2017, 04:12:17 PM

Ask any oldtimer, and you’ll find that masterluc is something of a legend in the Bitcoin community. His main claim to fame is that he called the top of the November 2013 Bitcoin bubble and the subsequent bear market.

On December 6, with the price at $1100, he said:

“Third day in a row I wake up, see charts and ask myself "Is this the end?" and third day in a row answer is "Yes.” End of first historical bullish trend 2010-2013.”

https://cointelegraph.com/news/legendary-bitcoin-trader-masterluc-predicts-15000-bitcoin-this-year

Not sure if just me but i haven't actually heard of this guy that you mentioned in the article before today...

Like others said, don't take everything that traders say seriously. This is exactly how pumps and dumps work, someone that has some sort of acclaim predicts something to happen, everyone rushes to buy into the coin, driving the price up. And then the trader himself dumps all the coin that he owns, flipping for a pretty quick and decent profit.

I don't think that $15k is impossible, but it's just not probable. The price has gone up a lot since the start of the year, can't see it go much further this year. 15k is probably going to happen minimum 2020.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

Quote from: fabiorem on August 23, 2017, 07:10:50 PM

$15,000 is still cheap...

We have 6 billion people in the world and the top capacity for bitcoin is 21 million coins.

of course it is cheap. we all know about the small supply of bitcoin with the growing demand, but it is all about the time-frame. $15,000 will be the value of bitcoin at some point in the future but to say it will happen this year (in about 4 months) is absurd unless he is predicting a huge bubble and that is not possible either.

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