Mark Yusko: Bitcoin can go up to $ 30,000 without correction - page 2.

Jating

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Quote from: kevinzxz on July 14, 2019, 05:52:56 PM

Quote from: Prateek_sharma on July 10, 2019, 12:00:39 AM

Mark Yusko said in an interview that Bitcoin price can go up to $ 30,000 without correction.

What's your take on this?

he thought wrongly, because now it is proven that the price of Bitcoin is down (correction) so that what Mark Yusko said was wrong and in my opinion it is impossible for Bitcoin prices to increase very high without making correction, because every coin price including Bitcoin will definitely be corrected when the price increases very high, so I don't believe what Mark Yusko said if the price of Bitcoin will increase to $ 30,000 without correction.

Of course, who would believed that the price will continue to grow overtime without any market correction. Technically we won't see the price going on parabolic rise so him saying that is just complete non-sense.

So I don't know if people would ever believed on his predictions. Mark Yusko is just exaggerating maybe because he has a lot of investments on bitcoin so it makes sense for him to really come up with those outlandish guesses.

kevinzxz

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Quote from: Prateek_sharma on July 10, 2019, 12:00:39 AM

Mark Yusko said in an interview that Bitcoin price can go up to $ 30,000 without correction.

What's your take on this?

he thought wrongly, because now it is proven that the price of Bitcoin is down (correction) so that what Mark Yusko said was wrong and in my opinion it is impossible for Bitcoin prices to increase very high without making correction, because every coin price including Bitcoin will definitely be corrected when the price increases very high, so I don't believe what Mark Yusko said if the price of Bitcoin will increase to $ 30,000 without correction.

Ibizugbe1

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I don't know how it's going to go straight to hitting $30k without big whales taking profit, except he is privy to some fund coming to the bitcoin market. I pretty doubt that there wouldn't be some sort of rest but in cryptocurrency, anything is possible. 2017 makes me believe anything.

spacehopper

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Quote from: Prateek_sharma on July 10, 2019, 12:00:39 AM

Mark Yusko said in an interview that Bitcoin price can go up to $ 30,000 without correction.

What's your take on this?

No.I don't think so 30K is far far more target.We can see the these zig-zag up and down patterns for little bit long time.Bitcoin must create a good support line between 15K-18K.If that support line keeps long enough bitcoin will break the 20K and rise up to 24K. Then again fall will come. For that we need that support line.If that will not break just in few months we can see bitcoin rulz between 20-30K

Rooster101

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Price correction is always a part of cryptocurrency and I believe it is unavoidable even in a bullrun that being infused with multi billion funds. Correction is considered healthy by some market analysts because it will refresh the price and prevent it to go into bubble. Article like that might only want to increase its readers by making a controversial topics because they think it is more profitable.

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Quote from: Prateek_sharma on July 10, 2019, 12:00:39 AM

Mark Yusko said in an interview that Bitcoin price can go up to $ 30,000 without correction.

What's your take on this?

It can happen or it cannot Wink

. One word with what he said. WHATEVER!!!!!!

I don't care with what he said and to be honest, if that can happen it will be more risky for the investors to buy. I think many knows already that in any market, it always need a correction. It doesn't need to go up and up and up. A correction after a huge spike must happen and that happened to Bitcoin weeks ago and happened again right now.

FlightyPouch

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Quote from: Prateek_sharma on July 10, 2019, 12:00:39 AM

What's your take on this?

Let the man talk and waste his time there since the only thing I believe in is the price chart. There are a lot of people that says, "bitcoin will go up!", "bitcoin will be having a price of xx,xxx this year", instead of taking those words seriously just look at the price charts. There are a lot of patterns you can look at there and just base your investments there.

Pursuer

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in bitcoin market everyone is an expert these days. all they have to do is to look at the current ongoing trend and then make a prediction in the same direction and then look like an "expert" in their own mind. the worst part is the news sites that keep reporting all these people just because they are desperate for articles to draw some traffic to their useless websites and earn some money that way. each day I see a bunch of new names pop up in the news that have become experts overnight and are now releasing speculation statements! for example in this case this guy doesn't even know what "correction" means and yet he is guessing the price!

Kakmakr

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Making open-ended predictions like this, seems to be the latest trend. There is a difference between saying "Bitcoin can go up to $ 30,000" and "Bitcoin will go up to $ 30,000 in the next month." ...So, when they use the first statement and it does go to $30 000 in 10 years, then they can say that their statement was accurate, but when they miss the $30 000 in the next month, then people will hold them accountable for their false predictions. Wink

So these guys are playing with words and even if John McAfee put his genitalia on the line with his predictions, everyone knows he will not go through with it. Roll Eyes

killat

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Reaching 30.000$ is almost 200% from current price.

If you check the charts with how price behave in the past, you'll see that it's very less probable to have a 200% increase without any significant correction.

minhlee95

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I think that any analyst can be compared with a fortune teller on the market. It's not a serious thing. It is better not to hammer such nonsense the head, and to adhere to one strategy. You can just invest 5% of your income in bitcoin every month and be in profit at a distance. Simple math.

BrewMaster

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we may not be sure about a lot of things when it comes to bitcoin and its future but we all know one thing with absolute confidence and that is the fact that even in bitcoin world a rise without a correction of this size is impossible.
bitcoin market may have traces of manipulation i it still, but it is a very healthy market and in a healthy market we always see corrections during rises. corrections that have to happen and they happen along the way to the top. you can look at 2017 rise from $1000 to $20000 that was filled with at least 50 different corrections.

rdluffy

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Everything is possible, but it's just another person trying to hit the price of BTC in future
If you read news about crypto, every single day a lot of people says the price of BTC will be ....

In the end, only a couple will be right but it's just lucky

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Quote from: btc_angela on July 10, 2019, 03:37:08 AM

Quote from: Prateek_sharma on July 10, 2019, 12:00:39 AM

Mark Yusko said in an interview that Bitcoin price can go up to $ 30,000 without correction.

What's your take on this?

What? no correction? Are you kidding me? No market can sustain a parabolic growth not even bitcoin. I'm not familiar with this dude, but it seems he doesn't know a thing or two about how everything works in crypto. NO parabolic growth is sustainable, at least it needs to have a retracement in order to move on the next phase.

Which is what has been occurring all these years. This person didn't see what happened after bitcoin reached 19k in dec 2017, a whole year going down to 3k..

Its now at 13k again today, but that i still think was too early too fast.

Every-time there is a bull run, there come flowing the outrageous bull claims. And when it goes bear, the outrageous bear claim come as well. Like most in the market, they all cling to the lead, but can't lead a thing themselves.

Pyr3x

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I stopped believing such statements. There's nothing behind them, it's just a guess. Yes, I would like that to happen and bitcoin rose to 30,000 as soon as possible. But it is possible it will be a difficult and long way, I do not want to be reassured

bering

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As far i know corrections price will always be happend even only for small movement and it's normal in the bitcoin price movement and i was wondering from where did he get the source when he says bitcoin will be no corrections and could be good if someone can provide good analysis regarding his opinion because for me it was non sense talking about it

shulc7

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Quote from: deadsilent on July 10, 2019, 06:33:06 AM

It can happen. But the chances are very little. If people put billions of dollars on Bitcoin all at once. Sure, it will happen. Any market experiences market corrections. It's very rare to see that kind of pump especially for Bitcoin that hardly to even reach 15k. That leap of price is shady and more likely to be a pump and dump scheme. The price will go up 1k then correction. There's nothing wrong with correction. It's very normal.

Everything can surely happen on the crypto market, but the probability that we will see the correction before the Moonrise of BTC is too high. I guess, BTC can fall to 9 thousand and under, and then, the bull run will start.

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Quote from: Tahsin Kabir Kollol on July 10, 2019, 07:36:55 AM

It is not possible that Bitcoin can go up to $ 30,000 without correction. If you analyze the bitcoin market, you will see that after reaching 13k Bitcoin growth become little slow. I think that after reaching an all-time high bitcoin price may be little decrease. So I do not think that Bitcoin can go up to $ 30,000 without correction.

everything is possible, bitcoin is basically unpredictable, the slowing down of market growth doesn't necessarily it just stuck there, it is just the market to decide whether the price could go up further or not, even when we first reached 10k the growth is slowing down aswell.

Tahsin Kabir Kollol

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It is not possible that Bitcoin can go up to $ 30,000 without correction. If you analyze the bitcoin market, you will see that after reaching 13k Bitcoin growth become little slow. I think that after reaching an all-time high bitcoin price may be little decrease. So I do not think that Bitcoin can go up to $ 30,000 without correction.

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Quote from: Prateek_sharma on July 10, 2019, 12:00:39 AM

Mark Yusko said in an interview that Bitcoin price can go up to $ 30,000 without correction.

What's your take on this?

Just another hilarious speculation. It can reach 30k in the future but doing it without correction is ridiculous. Once a new ATH is reach, always expect a dump will happen.Long time investors will cash out their profit. That will trigger a long correction.

When we reach 20k, it took one long year of correction and bear market. Imagine pumping it straight to 30 without any correction along the way, how long will be the bear market that will follow it in order to correct it? That would be frustrating.

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