With those numbers it sounds like we are working on an exponential curve.
At that rate it means we can expect Bitcoin in the $100,000 range by 2022-2024.
Better start collecting your BTC boys, because if this math holds true that means we're in for a solid financial revolution. The irony is that BTC is a universal gateway currency between the Fiat world and crypto worlds.
So mathematically as crypto gains steam the relationship between cryptocurrency prices and Fiat currency prices are correlated. If Fiat loses trust & value then of course the price of Bitcoin can get super inflated. It can only do this because of its limited nature and utility as a private store of value. People would be willing to do anything to protect their life savings. Shit can get real.
Topic: Legendary Bitcoin Trader “masterluc” Predicts $15,000 Bitcoin This Year - page 5. (Read 5007 times)
August 21, 2017, 07:05:09 PM
August 21, 2017, 07:04:50 PM
$15,000 would be the absolute upper end of my estimation. In order to reach it we would need to triple the market cap, and more. Where is the money going to come from? I don't see it. A more realistic high end estimate is $7,000-10,000. 
But I will not believe it until the next halving will be happening in the future. I can say the price of bitcoin should be doubled for now in 2020. $10000 looks possible but not in a short time and that makes $15000 prediction looks pretty odd for me. 
August 21, 2017, 06:51:49 PM
The bitcoin market is impossible to predict people can say all they want. But at the end of the day they're just guessing. And even if they guessed right does that make them a legend? 5000$ by the end of the year seems the most realistic goal but in the end it's crypto and you never really know for sure.
August 21, 2017, 06:48:56 PM
15 grand is way too high for btc to be reached by the end of the year. If it's going to happen that will be great but if not the more realistic figure will be around 5k to 6k. Given that we're almost at the 4th quarter and the price continuously rising and falling it's playing at around 4k to 4.4k if it reach 5k by october it might rise all the way to 6k by december
August 21, 2017, 06:48:23 PM
We are only a few months away till the end of 2017, I even find it very unlikely that the price is even going to surpass $5500-$6000 by 2017. $15.000? No way.
Yes I mean bitcoin was pumping lately but I really do not think that bitcoin might reach that high, I mean that is way beyond our reach. I truly believe in bitcoin and for those people that are hyping us, I do not believe in them 
. I really think that this is only a hype for us to buy more bitcoins right? Maybe $6000 is more realistic.I totally agree with you, I think the price will be around $6000
August 21, 2017, 06:45:31 PM
We are only a few months away till the end of 2017, I even find it very unlikely that the price is even going to surpass $5500-$6000 by 2017. $15.000? No way.
Yes I mean bitcoin was pumping lately but I really do not think that bitcoin might reach that high, I mean that is way beyond our reach. I truly believe in bitcoin and for those people that are hyping us, I do not believe in them . I really think that this is only a hype for us to buy more bitcoins right? Maybe $6000 is more realistic. August 21, 2017, 06:44:58 PM
John McAfee obviously thinks it's possible , he's predicted $500,000 within three years.
http://nypost.com/2017/07/19/cybersecurity-legend-i-will-eat-my-d-k-if-i-lose-500k-bitcoin-bet/
http://nypost.com/2017/07/19/cybersecurity-legend-i-will-eat-my-d-k-if-i-lose-500k-bitcoin-bet/
With 500k price each , for the only 16m btc currently existing, that is some 8 trillion Usd , some 10% of global gap.
Ok. That will happen only if price of dollar collapse and America becomes Zimbabwe
August 21, 2017, 06:37:56 PM
We are only a few months away till the end of 2017, I even find it very unlikely that the price is even going to surpass $5500-$6000 by 2017. $15.000? No way.
I don't see this coming, but it won't happen anyway. As you've said, we are a few months at the end of the month, and even if the price continuously pump there will be always a correction for that. But still, the price of bitcoin doubled in just a month, so i think it may happen if the price starts to pump now.
August 21, 2017, 06:32:38 PM
Yaaaaaa ok
August 21, 2017, 06:30:23 PM
John McAfee obviously thinks it's possible , he's predicted $500,000 within three years.
http://nypost.com/2017/07/19/cybersecurity-legend-i-will-eat-my-d-k-if-i-lose-500k-bitcoin-bet/
How can you actually predict something like this? Bitcoin is not political driven which means that its value isn't fluctuating no matter what happens to the political or similar scene. Bitcoin will probably start getting more widely accepted in the world in the next few years, especially after some of its issues are solved. However, such a prediction is overly optimistic, not only for 3 years, but even for many more to come. By the time it reaches that price, if it ever does, ourselves will be probably be dead by that time. http://nypost.com/2017/07/19/cybersecurity-legend-i-will-eat-my-d-k-if-i-lose-500k-bitcoin-bet/
August 21, 2017, 06:10:56 PM
John McAfee obviously thinks it's possible , he's predicted $500,000 within three years.
http://nypost.com/2017/07/19/cybersecurity-legend-i-will-eat-my-d-k-if-i-lose-500k-bitcoin-bet/
http://nypost.com/2017/07/19/cybersecurity-legend-i-will-eat-my-d-k-if-i-lose-500k-bitcoin-bet/
August 21, 2017, 06:09:06 PM
We are only a few months away till the end of 2017, I even find it very unlikely that the price is even going to surpass $5500-$6000 by 2017. $15.000? No way.
August 21, 2017, 06:00:22 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
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
He called the top of both the April and November 2013 run-ups. However, he was wrong about the bottom in 2015 (we ended up making another leg down at the time, when he thought the next bull cycle had already begun).
I also can't find the source for this $15,000 claim. I read in the Speculation forum that Cointelegraph was wrong in their interpretation of this call. They probably used Google Translate to translate one of his posts from his VK community and got it wrong.
More importantly, he definitely is calling for $40,000-$110,000 in the next two years...
August 21, 2017, 05:50:24 PM
Maybe he got inside info about multiple huge companies that would like to invest into Bitcoin which I think it's not really likely. I guess most of the guys including me will be happy with 6000-7000$ at the end of the year.
August 21, 2017, 04:46:31 PM
This year? Thats crazy. Not going to happend 
Did he specify?
BTC is now at a 66 000 000 000$. At 15k per BTC it is close to 250 000 000 000 market value. And dont forget all the BTC that is yet to be mined this year!
Did he specify?BTC is now at a 66 000 000 000$. At 15k per BTC it is close to 250 000 000 000 market value. And dont forget all the BTC that is yet to be mined this year!
August 21, 2017, 04:39:08 PM
$15,000 would be the absolute upper end of my estimation. In order to reach it we would need to triple the market cap, and more. Where is the money going to come from? I don't see it. A more realistic high end estimate is $7,000-10,000.
$15000 is rather too optimistic for bitcoins this year, I rather believe that the realistic value that bitcoin may eventually end is $6000 . I don't even believe that bitcoin will be able to crack $15000 barrier next year. I hope it does but am not sure that it can. August 21, 2017, 04:20:35 PM
high end ... for what? every one shut down their miners node and wallets?
I don't think because there is behind an industry and not only a simply economic value.
I don't think because there is behind an industry and not only a simply economic value.
August 21, 2017, 04:14:49 PM
$15,000 would be the absolute upper end of my estimation. In order to reach it we would need to triple the market cap, and more. Where is the money going to come from? I don't see it. A more realistic high end estimate is $7,000-10,000.
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
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
Jump to: