Pompliano 75% Confident Bitcoin Price is $100,000 by End of 2021

South Park

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Quote from: harvestt on July 04, 2019, 03:54:39 AM

By the end of 2021? I'm funny from such predictions. Professional analysts can not predict what price btc will have in a month, and here they declare the price by the end of 2021 Grin

While I cannot vouch for this particular prediction, you are wrong in the way you think, short term predictions are way harder to make than it is to make long term predictions, no one knows if the price of bitcoin will go up or down tomorrow but what about the next decade? Do you think the price will go up or down? And when we see the usefulness of bitcoin and all the improvements that could take place during that decade then it is safe to assume bitcoin will be way more valuable than it is now.

cocoadreamboy

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Quote from: Wilhelm on July 08, 2019, 02:30:39 PM

He is just advertising his TA trying to make money off of the weak.

Not Trading analysis. It is fundamental analysis. I did nothing on this thread but state the financial needs of a $100,000 bitcoin in 2021. You are oddly aggressive in response.

Do you have an agenda of some sort?

cocoadreamboy

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Quote from: exstasie on July 08, 2019, 02:24:17 PM

https://www.amsinger.org

Of course you operate off "what ifs." Your "numbers" aren't a crystal ball. They don't guarantee the future, which is why your track record here is so poor. They just give you a tiny, opaque glimpse into miner costs and hash rate trends.

My numbers are based off the hash rate. There are no "what if's" on what the hash rate is.
I tell people the reality I do not tell people whether to invest or not. I simply give people risk analysis.

Thanks Mr. Troll Wink

https://www.amsinger.org

Wilhelm

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Quote from: exstasie on July 08, 2019, 02:24:17 PM

Quote from: cocoadreamboy on July 08, 2019, 02:10:35 PM

Quote from: omonuyak on July 08, 2019, 01:27:37 PM

What if in 2021 some of this big financial institution invested $4,000,000,000,000 at the end of 2020 what will happen? I believe achieving $100,000 in bitcoin price is very possible and we should understand that it is not about the gradual process that will make this happen but huge adoptions by financial system.

I dont operate off "what if's" with my money. I use numbers.

https://www.amsinger.org

Of course you operate off "what ifs." Your "numbers" aren't a crystal ball. They don't guarantee the future, which is why your track record here is so poor. They just give you a tiny, opaque glimpse into miner costs and hash rate trends.

He is just advertising his TA trying to make money off of the weak.

exstasie

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Quote from: cocoadreamboy on July 08, 2019, 02:10:35 PM

Quote from: omonuyak on July 08, 2019, 01:27:37 PM

What if in 2021 some of this big financial institution invested $4,000,000,000,000 at the end of 2020 what will happen? I believe achieving $100,000 in bitcoin price is very possible and we should understand that it is not about the gradual process that will make this happen but huge adoptions by financial system.

I dont operate off "what if's" with my money. I use numbers.

https://www.amsinger.org

Of course you operate off "what ifs." Your "numbers" aren't a crystal ball. They don't guarantee the future, which is why your track record here is so poor. They just give you a tiny, opaque glimpse into miner costs and hash rate trends.

cocoadreamboy

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Quote from: omonuyak on July 08, 2019, 01:27:37 PM

What if in 2021 some of this big financial institution invested $4,000,000,000,000 at the end of 2020 what will happen? I believe achieving $100,000 in bitcoin price is very possible and we should understand that it is not about the gradual process that will make this happen but huge adoptions by financial system.

I dont operate off "what if's" with my money. I use numbers.

https://www.amsinger.org

omonuyak

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Quote from: cocoadreamboy on July 08, 2019, 01:04:03 PM

If bitcoin hit $100,000 in 2021 there would have to be $90 million of new longterm investment into bitcoin every day.

$100,000 x 900 (new bitcoin created/day) = $90 million/day

Personally I think that is hopeful dreaming at best.

If you want to see cash flow data such as this check out my site:

https://www.amsinger.org

Much Love!

Aaron

What if in 2021 some of this big financial institution invested $4,000,000,000,000 at the end of 2020 what will happen? I believe achieving $100,000 in bitcoin price is very possible and we should understand that it is not about the gradual process that will make this happen but huge adoptions by financial system.

cocoadreamboy

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If bitcoin hit $100,000 in 2021 there would have to be $90 million of new longterm investment into bitcoin every day.

$100,000 x 900 (new bitcoin created/day) = $90 million/day

Personally I think that is hopeful dreaming at best.

If you want to see cash flow data such as this check out my site:

https://www.amsinger.org

Much Love!

Aaron

1Referee

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Quote from: exstasie on July 06, 2019, 04:16:02 AM

When the market goes straight up without building support along the way, the likelihood of "eiffel towering" and crashing right back down becomes greater.

That's why people should be happy with how the market isn't continuing its rush right now. It really seems that people got upset or even disappointed now it's no longer going up, which is quite a shocker considering that most of these noobs were of believe that Bitcoin would be hovering below the $1000 level by now.

It must suck being a noob. Price down they are upset, but when the price is going up they're upset too. Cheesy

exstasie

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Quote from: hatshepsut93 on July 05, 2019, 03:41:36 PM

I believe there's a big chance will be in a bear market already during the halvening 2020.

Interesting thought. It's possible if the market doesn't slow down and give us some multi-month corrections and sideways ranging like we saw in 2016. When the market goes straight up without building support along the way, the likelihood of "eiffel towering" and crashing right back down becomes greater.

hatshepsut93

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Quote from: justdimin on July 05, 2019, 01:53:17 PM

Quote from: gentlemand on July 05, 2019, 01:22:48 PM

this may be the last halving to have a significant effect.

You mean by upcoming halving, we are going to have supply under 10 BTC for every 10 min and by 2024 halving, we will have supply under 5 BTC means negligible supply compared to original supply of 50 BTC ? It means after this upcoming halving that we are going to have only demand against almost zero supply (a supply which is only enough for satisfying less than 10% of demand) ?

Halving may NOT lose its significance over reduced supply as supply is happening for every 10 minutes and this short time frame (compared to Gold mining or Crude oil production) may still bring enough significance to all upcoming halving.

The pattern breaks when too many people are aware of the pattern, the rally of 2017 had similarities with the rally of 2013, but no one talked about it much, only after the bubble popped people started looking at the historical charts and proclaiming that Bitcoin has cycles that align with halvenings, and look what we have now - a bull run one year before the halvening, with the price increasing by 300% in just a few months - a growth never seen before at early stages of bull market. I believe there's a big chance will be in a bear market already during the halvening 2020.

gentlemand

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Quote from: justdimin on July 05, 2019, 01:53:17 PM

You mean by upcoming halving, we are going to have supply under 10 BTC for every 10 min and by 2024 halving, we will have supply under 5 BTC means negligible supply compared to original supply of 50 BTC ? It means after this upcoming halving that we are going to have only demand against almost zero supply (a supply which is only enough for satisfying less than 10% of demand) ?

Halving may NOT lose its significance over reduced supply as supply is happening for every 10 minutes and this short time frame (compared to Gold mining or Crude oil production) may still bring enough significance to all upcoming halving.

As the block reward reduces that's less of a shock in production when it halves again. There are that many more coins already in existence too.

By 2032 it'll be less than 1 BTC per ten minutes and 99.2% of coins will be in existence. Beyond psychology, nostalgia and the excuse for a good party it's hard to imagine that figure will be anywhere near as significant for the fundamentals as the 50 or 25 BTC halving.

This halving will be a biggie. After that I believe it'll slowly lose its potency.

justdimin

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Quote from: gentlemand on July 05, 2019, 01:22:48 PM

this may be the last halving to have a significant effect.

You mean by upcoming halving, we are going to have supply under 10 BTC for every 10 min and by 2024 halving, we will have supply under 5 BTC means negligible supply compared to original supply of 50 BTC ? It means after this upcoming halving that we are going to have only demand against almost zero supply (a supply which is only enough for satisfying less than 10% of demand) ?

Halving may NOT lose its significance over reduced supply as supply is happening for every 10 minutes and this short time frame (compared to Gold mining or Crude oil production) may still bring enough significance to all upcoming halving.

gentlemand

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$100,000 is the new $10,000 in the universal consciousness. I well remember all the predictions being made at the start of 2014 for that upcoming year and $10,000 came up regularly. As ever it did not pan out that smoothly.

Either we get there sooner than anyone dares imagine or it takes vastly longer. It seems most people already have the end of 2021 in the bag based on a cycle that's only happened twice so far and this may be the last halving to have a significant effect.

Wilhelm

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Quote from: el kaka22 on July 05, 2019, 10:06:05 AM

I love the fact that he is "75% sure" about bitcoin going that high. I mean I wouldn't bet millions upon millions of dollars on something that has a 25% chance to fail. Or I would be afraid and scared as hell going into a surgery with a 25% chance of failure. There are things in life where 25% chance to fail is literally way too much.

I can say that bitcoin will be 1000 by 2021 and I am 75% sure about it too, plus I think bitcoin will be a million dollars by 2021 and I am 75% sure about that too, I know it made 150% but it still makes more sense than saying there is a probable chance bitcoin going up to 100k. He is just like Tom Lee and has a lot of bitcoins and just wants to create this bull run and hype so people would buy more bitcoins and he can get rich.

Captain obvious:
Other experts have guaranteed other high prices and they were wrong.
Humans cannot predict with 100% accuracy without tools like TA and maths.
Predicting human behavior and stocks with high accuracy is impossible.
Real traders are happy with a 5% edge and put in hundreds of trades to win.

el kaka22

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I love the fact that he is "75% sure" about bitcoin going that high. I mean I wouldn't bet millions upon millions of dollars on something that has a 25% chance to fail. Or I would be afraid and scared as hell going into a surgery with a 25% chance of failure. There are things in life where 25% chance to fail is literally way too much.

I can say that bitcoin will be 1000 by 2021 and I am 75% sure about it too, plus I think bitcoin will be a million dollars by 2021 and I am 75% sure about that too, I know it made 150% but it still makes more sense than saying there is a probable chance bitcoin going up to 100k. He is just like Tom Lee and has a lot of bitcoins and just wants to create this bull run and hype so people would buy more bitcoins and he can get rich.

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Quote from: fabiorem on July 04, 2019, 09:19:56 AM

Bitcoin can reach this price some weeks before the halving, in 2020.

I'm not saying this can not happen before 2020 halving, but it is much more realistic to happen afterwards halving as was the case in the past. Although it is rather frivolous to speculate about $100k based only on halving, if such a thing happens my guess is that new ATH could be reached in 2022, some 1+ year after halving.

Quote from: Slow death on July 04, 2019, 06:21:23 PM

Did he say he has 75% confidence? this is the same guy that last year said that the price would fall below 3000 $

He can say whatever he wants, and it is up to those who read it, to believe in such prediction or to reject it as a complete nonsense. He predict that price will go to $3000, which is what happened, but he fail with prediction that price will fall below that level. You should stop be surprised with what is someone say, this is just how things work - and media need clickbaits titles to attract more readers.

Ridwan Fauzi

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You have to see the predict who made by Jhon McAfee because he has been predicting that bitcoin will touch the price 1 million dollar at 2020, if the price can't reach the price he was predicted then he will cut off his own genitals. I think speculation is just speculation, whoever who made it is if he is the popular person then some people will believe it.

I'm only hoping cryptocurrencies will be a popular thing in the future, all people know it and the development of cryptocurrencies will be grow either on the system or on the securities matter. So, for those people who have a predict that bitcoin will touch a high price can be trusted and for those people who believe against it will have a huge of wealth.

WinslowIII

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Quote from: UnDerDoG81 on July 04, 2019, 01:03:06 PM

Quote from: rdluffy on July 04, 2019, 10:13:10 AM

It's weird to me to believe in these kind of predictions above 50k because I have some BTC, and if hits this price of 100k I would have a LOT of money, so I prefer to keep thinking about 20k first Grin

Same here @100k. The question is, what to do with that money when you cash out Bitcoin? I don´t want to hold FIAT but also I want to get out (at least with 75-80%) of crypto at one point. I am not into stocks and Gold is pure manipulation through US Government.

You keep holding bitcoin until it buys everything. This mentality of cashing out is not the answer.

UnDerDoG81

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Quote from: Slow death on July 04, 2019, 06:21:23 PM

Did he say he has 75% confidence? this is the same guy that last year said that the price would fall below 3000 $

Bitcoin’s Price Will Go Below $3,000, Anthony Pompliano Tells Mainstream Media

I ask:

Last year someone saw the price drop below $3000? ithe price did not fall below $3000, he failed in his prediction. So the right thing was to say he has 1% confidence that the price will be $ 100,000 by end of 2021, at least so he will not be ashamed when in 2021 the price does not reach $ 100,000

Well it was $3300, close enough. I am good with $95.000.

Slow death

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Did he say he has 75% confidence? this is the same guy that last year said that the price would fall below 3000 $

Bitcoin’s Price Will Go Below $3,000, Anthony Pompliano Tells Mainstream Media

I ask:

Last year someone saw the price drop below $3000? ithe price did not fall below $3000, he failed in his prediction. So the right thing was to say he has 1% confidence that the price will be $ 100,000 by end of 2021, at least so he will not be ashamed when in 2021 the price does not reach $ 100,000

rdluffy

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Quote from: UnDerDoG81 on July 04, 2019, 01:03:06 PM

Quote from: rdluffy on July 04, 2019, 10:13:10 AM

It's weird to me to believe in these kind of predictions above 50k because I have some BTC, and if hits this price of 100k I would have a LOT of money, so I prefer to keep thinking about 20k first Grin

Same here @100k. The question is, what to do with that money when you cash out Bitcoin? I don´t want to hold FIAT but also I want to get out (at least with 75-80%) of crypto at one point. I am not into stocks and Gold is pure manipulation through US Government.

I have to say I don't have a plan if BTC reaches 100k for example
I'll probably sold some coins, not all, maybe BTC will continue to rise in price Grin

, but I'll have some trouble to cash in fiat (it's a good problem Grin

)

BitHodler

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Pompliano has some skin in the game with how he is quite regularly talking to large institutions and wealthy individuals. If they are slowly investing in Bitcoin, which might very well be so, then this could be the basis of his prediction.

If it was Tom Lee I would have a laugh and roast him, but Pompliano has been quite spot on with his price targets in the past, probably also because of his contacts. If you know deep pockets are going to unload, it's easy to predict price movements.

I personally think $100k before the end of 2021 comes too soon, but Bitcoin has surprised me more than once already so it's not that I rule it out completely. I'm happy to admit being wrong in this case. Cheesy

UnDerDoG81

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Quote from: rdluffy on July 04, 2019, 10:13:10 AM

It's weird to me to believe in these kind of predictions above 50k because I have some BTC, and if hits this price of 100k I would have a LOT of money, so I prefer to keep thinking about 20k first Grin

Same here @100k. The question is, what to do with that money when you cash out Bitcoin? I don´t want to hold FIAT but also I want to get out (at least with 75-80%) of crypto at one point. I am not into stocks and Gold is pure manipulation through US Government.

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Quote from: Febo on July 04, 2019, 10:46:54 AM

Quote from: grecko45 on July 04, 2019, 03:37:07 AM

75% Confident Bitcoin Price is $100,000 by End of 2021

That is pretty much sure thing. Unless a huge economic crisis hit us next year we will see Bitcoin at over $100k in 2021.

As the market of bitcoin isn't that depended to the world market I expect it to be a possible price to be reached over years. During the previous bull run of 2017 none predicted such a growth, I can remember the predictions. Most of the predictions were to reach $6000 and so on. The market took a big price pumping and it took to the top close to $20000 marking its new Ath.

With this I have a belief that bitcoin will increase reaching $100000 without some deadline for the same, because with time the adoption and acceptance level keeps growing with the supply getting shortened. This will surely cause a demand making the price get pumped.

carlfebz2

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Quote from: grecko45 on July 04, 2019, 03:37:07 AM

Anthony “Pomp” Pompliano — co-founder of crypto asset management firm Morgan Creek Digital Assets — predicts bitcoin (BTC) will hit $100,000 by the end of 2021.
It would be nice to see such a scale in Bitcoin Cool

https://cointelegraph.com/news/pompliano-75-confident-bitcoin-price-is-100-000-by-end-of-2021

I do even hardly believe on reaching 20k ATH and now we are talking with $100k?Lots of predictions and speculations is flying around but no one can really beat out McCafee 1M price. hehe

bitbunnny

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I really can't understand why people even pay attention to such predictions that make no sense, based on nothing n
There are just too many so called experts that are misleading users with at least strange information. Some seriously stick to such predictions, counting on getting rich just if they wait long enough and end up disappointed.

Febo

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Quote from: grecko45 on July 04, 2019, 03:37:07 AM

75% Confident Bitcoin Price is $100,000 by End of 2021

That is pretty much sure thing. Unless a huge economic crisis hit us next year we will see Bitcoin at over $100k in 2021.

rdluffy

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It's weird to me to believe in these kind of predictions above 50k because I have some BTC, and if hits this price of 100k I would have a LOT of money, so I prefer to keep thinking about 20k first Grin

fabiorem

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This is a very conservative prediction.

Bitcoin can reach this price some weeks before the halving, in 2020.

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Quote from: figmentofmyass on July 04, 2019, 04:09:09 AM

at 1:3 odds, 2.5 years out, this is a pretty safe bet. it's probably even more conservative than tim draper's prediction of $250k by 2022.

I did not follow Pompliano predictions, so I do not know how accurate he was so far, but Tim Draper is well-known for his 2014 prediction that 1BTC will be worth $10 000 in 3 years, which of course happened in 2017.

Since history is show us that biggest bull runs start after halving, it is quite understandable why most of people who give such predictions aim precisely to 2021 / 2022, as the year when a new ATH can be expected.

Quote from: 1Referee on July 04, 2019, 04:50:42 AM

In the end, reaching certain price levels has never been an issue for Bitcoin; the problem, at least in the short to mid term is maintaining them. The correction that will follow will be a total massacre.

Exactly, correction will happen as always and only question is at which price will be formed a new bottom. $100k is exit point for many holders, but I doubt all of them will be able to sell at that price because crypto exchanges will crumble under tremendous pressure. So this is one more thing to think about, better now then when is too late.

Wilhelm

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If he is right I will refer to him as 'Anthony “Pump” PimpMyLambo' Cool

Herbert2020

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hah he is just advertising his business and trying to say in other words "come use our services and pay us money". predictions like these are of little value coming from these types of people. they just assess the market's attitude and make a statement that gives them the most attention and then will be advertised all over news sites for free. and $100k is one of the most common guesses among everyone! you don't have to be an expert to make such guesses, you just have to take a look at bitcoin history and its bull runs to know that.

UnDerDoG81

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Still a 2 1/2 years wait for lambo?

Kewat

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Sounds like a dream of every crypto trader.

1Referee

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Nothing is impossible until it's done.

I get why people think it's unrealistic, but we have seen Bitcoin do crazy things before. Currently with everything going on the setup for a $100,000 peak bull run is perfect. It's 'only' a 9x increase from where we are today. I wouldn't dare to bet against Bitcoin at all when it comes to reaching $100,000 before the end of 2021.

In the end, reaching certain price levels has never been an issue for Bitcoin; the problem, at least in the short to mid term is maintaining them. The correction that will follow will be a total massacre. Seeing $50,000-$80,000 in value vanish isn't unreasonable with how this is in range with a firm correction Bitcoin always tends to go through.

amyshek1979

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If so, I'm happy. I love Pomp but it seems to be very naive.

dothebeats

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Cashback 15%

75% is already a huge number of confidence if you'd ask me. But then again, the dude is still a permabull, so I don't think we should get pretty confident with what he's saying as we aren't that clear with what he states. 2020 is the year for halving, and it's a pretty good time for being bullish. Perhaps it could be a catalyst and one of the main drivers for this bullish run that he is talking about. For now it's nothing but speculation and guesses.

At the very least though he's not that overly optimistic with his guesses, not unlike the $1M by 2020 by McAfee.

Jating

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What is the other 25%? Lol, Pompliano is very bullish on bitcoin so no surprises here. He probably just blurted it out to sway new set of investors because we are in the bull run but we needed more to fit his narrative at the end.

But then again who knows, 2020 we will have a catalyst for a eventual run in 2021, so he might put his trust on bitcoin block halving as we all know that it's one main driver for a start of a exponential growth.

figmentofmyass

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at 1:3 odds, 2.5 years out, this is a pretty safe bet. it's probably even more conservative than tim draper's prediction of $250k by 2022.

it isn't 2014 anymore. the chances that bitcoin is just gonna fade away are pretty low at this point. we don't even need mass adoption to reach these valuations. adoption as a gold-like asset is probably enough.

sunsilk

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This is not something new. We've known Pomp has been bullish since ever and one of the crypto bulls who's been spreading the good word across the world.

With halving by 2020, his prediction by 2021 is safer than the other prediction that we've heard before who promises to eat his own tool if it won't happen. Tongue

Quote from: harvestt on July 04, 2019, 03:54:39 AM

By the end of 2021? I'm funny from such predictions. Professional analysts can not predict what price btc will have in a month, and here they declare the price by the end of 2021 Grin

It's not declaration of the price but it's a prediction. Everyone can predict the price and this guy has been doing it since then. I acknowledge him because he's doing a good job for the community.

harvestt

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By the end of 2021? I'm funny from such predictions. Professional analysts can not predict what price btc will have in a month, and here they declare the price by the end of 2021 Grin

grecko45

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Anthony “Pomp” Pompliano — co-founder of crypto asset management firm Morgan Creek Digital Assets — predicts bitcoin (BTC) will hit $100,000 by the end of 2021.
It would be nice to see such a scale in Bitcoin Cool

https://cointelegraph.com/news/pompliano-75-confident-bitcoin-price-is-100-000-by-end-of-2021

Topic: Pompliano 75% Confident Bitcoin Price is $100,000 by End of 2021 (Read 556 times)