My Most Insane Prediction of Bitcoin & Ethereum - page 3.

Pfizer

sr. member

Activity: 406

Merit: 250

Quote from: Dorkie on November 06, 2017, 05:52:32 AM

My "Most Insane Prediction" is based on a few thesis: 1) Be a total contrarian to general assumption and expectation, and 2) Be totally beyond commonly accepted reason and logic, and yet remain rational.

So here goes...

This is the generally accepted one:
1. Bitcoin will reach USD10,000 and slightly beyond from now to early or mid of 2018.

This is the "Insane" one:
2. This rally to USD10,000 will be Bitcoin's final rally.
3. There will be no further rally to USD100,000, let alone USD1 mil, into the future.
4. After reaching the USD10,000 level, Bitcoin will revisit the 2013 price pattern event whereby the price will start to decline lower and lower for several years.
5. Many will think reaching USD100,000 is a possibility too in the future, and proceed to sell their houses and cars to get into Bitcoin, and suffer losses or missed opportunities.
6. The top Bitcoin elite owners (all the way back in 2009/2010) that constitutes the most concentrated top Bitcoin holdings, start selling/cashing out to the ultimate bag holders that are late into the game.
7. Bitcoin will fall from the top #1 position by end of 2018.
8. Ethereum will surpass Bitcoin to be the #1 in the same time period.

Note:
You may disagree all you like, but as I said, this is "My Most Insane Prediction".

I really didn't find this reasonable. There is no logic behind your argument. There is no reason for bitcoin to start decreasing like crazy as in the old days, in 2013. The trend of bitcoin already changed hard.

But ethereum can still surpass bitcoin within 5 years, I believe.

Coffee135

full member

Activity: 392

Merit: 137

Quote from: jackhdt on November 06, 2017, 12:34:30 PM

why do you think people just waiting for the price reached level Bitcoin $ 10,000 and sell them?
Why do you think Bitcoin dropped and Eth throne?
If can outperform Bitcoin eth did that long ago. Bitcoin may be will go down but synonymous altcoin also go down

Why $ 10,000? Why not sell when bitcoin will be worth $ 20,000? I think it all depends on the affluence of users. If you have the opportunity to meet their needs Fiat you will store your bitcoins until the price will not grow to the maximum. If you do not have enough money to live on then you are going to sell bitcoins at any price.

jackhdt

sr. member

Activity: 476

Merit: 256

why do you think people just waiting for the price reached level Bitcoin $ 10,000 and sell them?
Why do you think Bitcoin dropped and Eth throne?
If can outperform Bitcoin eth did that long ago. Bitcoin may be will go down but synonymous altcoin also go down

diouf67

full member

Activity: 260

Merit: 104

The nice thing with speculation threads is no one can tell you you are right or wrong, I suspect you will be wrong but if in a years time you are right I will come back here and congratulate you myself, one thing I can see happening is ethereum surpassing bitcoin as no 1 market cap.

fabiorem

sr. member

Activity: 1400

Merit: 347

Quote from: BTCLovingDude on November 06, 2017, 10:17:45 AM

the fees are high.
the scaling issue of ETH is horrible
it can not handle large number of transactions which has been proven multiple times when the network failed
it has lots of bugs and exploits like DAO waiting to happen again
it is not even a currency to want to compete with bitcoin

not to mention the huge supply and no cap!

You forget about the node which is impossible to synch.

aintnopassincraze

full member

Activity: 233

Merit: 106

The Operating System for DAOs

Bravo for you for thinking outside the box on this one but I dont really see it happening. Maybe it is my rose colored glasses but it would be hard to believe everybody who got into cryptos earlier on is cashed out fully because

they stand to gain way too much if bitcoin explodes harder. I will take precautions going into next year myself but that isnt because I think bitcoin will cease to exist in less than 5 years.

owengtam09

full member

Activity: 1330

Merit: 248

Quote from: Dorkie on November 06, 2017, 05:52:32 AM

My "Most Insane Prediction" is based on a few thesis: 1) Be a total contrarian to general assumption and expectation, and 2) Be totally beyond commonly accepted reason and logic, and yet remain rational.

So here goes...

This is the generally accepted one:
1. Bitcoin will reach USD10,000 and slightly beyond from now to early or mid of 2018.

This is the "Insane" one:
2. This rally to USD10,000 will be Bitcoin's final rally.
3. There will be no further rally to USD100,000, let alone USD1 mil, into the future.
4. After reaching the USD10,000 level, Bitcoin will revisit the 2013 price pattern event whereby the price will start to decline lower and lower for several years.
5. Many will think reaching USD100,000 is a possibility too in the future, and proceed to sell their houses and cars to get into Bitcoin, and suffer losses or missed opportunities.
6. The top Bitcoin elite owners (all the way back in 2009/2010) that constitutes the most concentrated top Bitcoin holdings, start selling/cashing out to the ultimate bag holders that are late into the game.
7. Bitcoin will fall from the top #1 position by end of 2018.
8. Ethereum will surpass Bitcoin to be the #1 in the same time period.

Note:
You may disagree all you like, but as I said, this is "My Most Insane Prediction".

This is a good prediction, if that possibly happens, for sure a lot of us will make another panic selling. Most people holding bitcoin right now and if that is possible that bitcoin will fall down from the price when the year 2013 then maybe there are still investors will buy bitcoin because they will think that bitcoin will still increase and at the same time they will also invest in Ethereum so whatever happens they still have another wallet that can possibly increase in the future and if both Ethereum and bitcoin increase up to year 2019 and you are still holding, for sure you can gain huge profit.

ragnar0k

full member

Activity: 154

Merit: 101

If you see the pattern, when bitcoin goes down, ETH goes down with it
Although I like eth as a technical solution, I don't think the team has any grasp of the economic side, or they even seem to care.
I start to suspect all the big names they had in the sponsor list for devcon and in their group are just there to learn about cryptos and grab their experience to propose alternatives in the future. I've sold my eths for now, unless I see some decent movement there (and I suspect I wont) I'll stay on btc.

BTCLovingDude

legendary

Activity: 1134

Merit: 1010

BTC to the moon is inevitable...

this board is not called "guessing board" for a reason!

Quote from: Dorkie on November 06, 2017, 05:52:32 AM

My "Most Insane Prediction" is based on a few thesis: 1) Be a total contrarian to general assumption and expectation, and 2) Be totally beyond commonly accepted reason and logic, and yet remain rational.

that is where you are wrong. the "assumption and expectation" is what drives the market most of the times. when enough people expect price to fall they sell, and when enough people expect the price to rise they buy.
their buy and sells leads to rise and falls.

Quote from: Dorkie on November 06, 2017, 05:52:32 AM

7. Bitcoin will fall from the top #1 position by end of 2018.

yeah. very logical.
millions of investors will suddenly decide "lets stop investing in bitcoin" and then a couple of hundreds of thousands of merchants will say "yeah lets stop accepting bitcoin" and everyone just dumps it for no reason at all.

Quote from: Dorkie on November 06, 2017, 05:52:32 AM

8. Ethereum will surpass Bitcoin to be the #1 in the same time period.

why?
what does ETH do better than bitcoin?
the fees are high.
the scaling issue of ETH is horrible
it can not handle large number of transactions which has been proven multiple times when the network failed
it has lots of bugs and exploits like DAO waiting to happen again
it is not even a currency to want to compete with bitcoin

not to mention the huge supply and no cap!

Quote from: Dorkie on November 06, 2017, 05:52:32 AM

You may disagree all you like, but as I said, this is "My Most Insane Prediction".

as i said this is not a "guessing board" and you are not predicting anything, you are clearly bag holding ethereum and think we can't see that Wink

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Nothing insane about it, I saw this one thousand of times in the altboard.

Quote

This is the "Insane" one:
2. This rally to USD10,000 will be Bitcoin's final rally.
3. There will be no further rally to USD100,000, let alone USD1 mil, into the future.
4. After reaching the USD10,000 level, Bitcoin will revisit the 2013 price pattern event whereby the price will start to decline lower and lower for several years.
5. Many will think reaching USD100,000 is a possibility too in the future, and proceed to sell their houses and cars to get into Bitcoin, and suffer losses or missed opportunities.
6. The top Bitcoin elite owners (all the way back in 2009/2010) that constitutes the most concentrated top Bitcoin holdings, start selling/cashing out to the ultimate bag holders that are late into the game.
7. Bitcoin will fall from the top #1 position by end of 2018.
8. Ethereum will surpass Bitcoin to be the #1 in the same time period.

2,3 are the same if 2 happens there is no doubt 3 will happen also.
4. Of course if something is not going up it has two choices, and one is down.
5. You're repeating number 4 here.
6. I really doubt it. Those who bought at 1-100 range will still make millions even at 1000, doubt they will panic and sell at 10k. Most of them didn't while bitcoin lost 75% of it's value why should they panic now.
7. Now this is one wild prediction.
8. No comment....

As for your "insane" call, it can be called "ethereum shill wet dreams". Far more accurate title.

goldchain

newbie

Activity: 31

Merit: 0

Hehe, there's nothing wrong to make our own prediction and assumption. Anything is possible in future, especially in this crazy world...

Dorkie

member

Activity: 420

Merit: 13

My "Most Insane Prediction" is based on a few thesis: 1) Be a total contrarian to general assumption and expectation, and 2) Be totally beyond commonly accepted reason and logic, and yet remain rational.

So here goes...

This is the generally accepted one:
1. Bitcoin will reach USD10,000 and slightly beyond from now to early or mid of 2018.

This is the "Insane" one:
2. This rally to USD10,000 will be Bitcoin's final rally.
3. There will be no further rally to USD100,000, let alone USD1 mil, into the future.
4. After reaching the USD10,000 level, Bitcoin will revisit the 2013 price pattern event whereby the price will start to decline lower and lower for several years.
5. Many will think reaching USD100,000 is a possibility too in the future, and proceed to sell their houses and cars to get into Bitcoin, and suffer losses or missed opportunities.
6. The top Bitcoin elite owners (all the way back in 2009/2010) that constitutes the most concentrated top Bitcoin holdings, start selling/cashing out to the ultimate bag holders that are late into the game.
7. Bitcoin will fall from the top #1 position by end of 2018.
8. Ethereum will surpass Bitcoin to be the #1 in the same time period.

Note:
You may disagree all you like, but as I said, this is "My Most Insane Prediction".

Topic: My Most Insane Prediction of Bitcoin & Ethereum - page 3. (Read 1006 times)