Popular Crypto Trader says “Bitcoin is likely to hit $60k+ this coming uptrend”.

Wilhelm

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Quote from: exstasie on June 30, 2019, 05:04:46 PM

Quote from: Wilhelm on June 30, 2019, 04:12:50 PM

40k to 70k is the range

Got a chart or some reasoning, or just your gut? Seems pretty low to me.

I figure if the log trend continues, then based on extrapolating from past extensions above the previous ATH we're looking at $140K-$150K. That's just based on 2 data points though (2013 and 2017).

My thinking based on the mass/institutional adoption scenario and speculation based on Bitcoin's extraordinary scarcity, is that we will blow these extrapolations out of the water. The reality still hasn't sunk in for most of the investing public. The S-curve hasn't swung vertical yet. But I think it will, and it's possible it happens in the next bubble.

TA1:
There is an exponential chart that someone made that predicted $10k years before it happened. He was 4days off. I recall this predicting $72k

TA2:
The BETI index is low and this will hit $80k in December 2019.

Hunch:
After seeing many ATHs and halvings I have a feeling that a lot of people hit by the FOMO will want out at $20k so the $100k will take more time. Also halvings are usually on the low side of the exponential growth line.

So yes $40k-$70k is low but $100k will take significant money to reach.
I would love the $100k to happen Cool

Slow death

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Quote from: Prateek_sharma on June 24, 2019, 03:35:10 AM

One of the well-known crypto trader Josh Rager is making a bold statement by calling for a rapid rise in BTC prices. This bitcoin prediction might sound interesting

Josh Rager:

Quote from: Prateek_sharma on June 24, 2019, 03:35:10 AM

What's your take on this?

as you can see in my post, it has already forecast much more than $60,000 which is very exaggerated, so I think we should not take these exaggerated forecasts seriously

South Park

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Quote from: BTCappu on June 30, 2019, 06:52:22 AM

If we get to reach 60 thousand dollars (I don't know how to calculate anything more since it would be pure assumption) then the market cap would be around one trillion, now we have hit the one trillion mark with all coins combined before (it wasn't just bitcoin but all coins total but bitcoin was the biggest), so I would like to assume that if we hit one trillion only for bitcoin that would mean at least 2 trillions in total for all coins.

snip

A quick calculation tells me that if the bitcoin dominance were to remain unchanged and was at 63% as it is now and the market cap of bitcoin was 1 trillion then the rest of the altcoins will have a market cap of 0.58 trillion dollars, I do not remember what was the highest cap of this market but assuming it was something close to 1 trillion this will mean only a 60% increase from the previous high, the big difference now will be the high dominance of bitcoin which comes from the distrust investors have in altcoins at the moment.

Herbert2020

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i wonder where did all these so called "popular crypto traders" went in the past two days that price had hiccup and the correction was going on. all we saw in the news was silence from them and all those articles were replaced by doomsday ones talking about how bitcoin is overvalued and is "crashing"! there was one that was even calling this a "bull trap" and was speaking of price reaching below $7k and back to the price that it started from.
it is funny how the narrative changes online and all the while market is doing its own thing regardless of their nonsense...

arpon11

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Quote from: Prateek_sharma on June 24, 2019, 03:35:10 AM

One of the well-known crypto trader Josh Rager is making a bold statement by calling for a rapid rise in BTC prices. This bitcoin prediction might sound interesting
when it hits the ears of bitcoin enthusiasts, who have faced an unstable journey last year.

What's your take on this?

When we see this type of prediction we should encourage ourselves and hope that it will come to past. I strongly feel that it will be better in Bitcoin pricing this year than every other year and that bitcoin may cross it 2017 December high. All of us has seen how itstarted in February at $3150 and were it is today and currently making some price corrections before the next bull push. The bear seems very weak at the moment and I don't think they can pull the price down below $10,000 now.

exstasie

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Quote from: Wilhelm on June 30, 2019, 04:12:50 PM

40k to 70k is the range

Got a chart or some reasoning, or just your gut? Seems pretty low to me.

I figure if the log trend continues, then based on extrapolating from past extensions above the previous ATH we're looking at $140K-$150K. That's just based on 2 data points though (2013 and 2017).

My thinking based on the mass/institutional adoption scenario and speculation based on Bitcoin's extraordinary scarcity, is that we will blow these extrapolations out of the water. The reality still hasn't sunk in for most of the investing public. The S-curve hasn't swung vertical yet. But I think it will, and it's possible it happens in the next bubble.

Twinkledoe

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Quote from: Oceat on June 30, 2019, 04:08:38 PM

I don't want to expect such price since it will bring the unnecessary expectation that will tend to lose my chances to earn a good profit. I might have to watch the price and analyze where could it possibly gonna stop and then start selling everything, then buying them back again when the price starts to dump.

Smart move! Because some of these so-called popular crypto traders are just using their position trying to influence the market. They thought they have the power to change what's going on. His speculation is just the same with ordinary crypto users but it seems, his is already overboard. Better follow your own instincts and have your own strategy in this market.

Wilhelm

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40k to 70k is the range

Oceat

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I don't want to expect such price since it will bring the unnecessary expectation that will tend to lose my chances to earn a good profit. I might have to watch the price and analyze where could it possibly gonna stop and then start selling everything, then buying them back again when the price starts to dump.

Harlot

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If you are referring to crypto-enthusiast making this statement "interesting" then think again. Most Bitcoin enthusiast will just view this as hype rather than something to trust on. With no explanation whatsoever on why he think it will go up to 60,000$ this just clearly say to veteran traders that he is more into hyping Bitcoin rather than convincing people on why it will go up there. Though I'll give credit on his short time frame analysis which is somehow accurate he didn't show any analysis on why 60,000$ is the next target for him.

BTCappu

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If we get to reach 60 thousand dollars (I don't know how to calculate anything more since it would be pure assumption) then the market cap would be around one trillion, now we have hit the one trillion mark with all coins combined before (it wasn't just bitcoin but all coins total but bitcoin was the biggest), so I would like to assume that if we hit one trillion only for bitcoin that would mean at least 2 trillions in total for all coins.

Now this is not impossible, its very far fetched and would be incredibly improbable to reach but its not impossible. Could it happen with this bull run? I doubt it but if the bull run continues for a long enough time then there is time and there is possibility of it happening and would mean we will not be dropping under 20k ever again which would be lovely for all of us.

el kaka22

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I think 60k+ is just a too optimistic approach for now. I mean I do agree that it won't stop here and with the upcoming bitcoin halving in next may (there is still almost a year to go) the price will not go down because it would just make too much of a good buy price if it goes down which everyone knows so they won't sell for cheap and the buying spree will continue.

However, just because it is possible that bitcoin bull run will continue doesn't mean it will continue until 60k+, it will go somewhere and I am 90%+ sure that it will go above the previous all time high in time but we should not be expecting that much. If anyone wants to get out after we break the previous all time high I wouldn't be mad at them, they have all the right to do that and would be making a good decision.

JimboToronto

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"Popular", "well-known"?

What are those? Other words for "clueless"?

Pursuer

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Quote from: jossiel on June 24, 2019, 12:49:00 PM

"Well known"

But I don't even know that guy. When bull run comes, everyone becomes popular and an expert. Coinpedia and other news agency should stop making content out of these people who are just tweeting their opinions.

I won't be surprise if there will an unknown personality on twitter that will show some of his analysis with the market through a chart pattern. And suddenly will be written as content and news by a news agency like coinpedia.

the internet is filled with self proclaimed experts who are spamming the internet with their nonsense. in some extreme cases you can see their predictions are all over the place! there was actually one idiot on this forum (who is banned now) who used to one day predict bitcoin going to the moon and the next day predict the exact opposite.
and sometimes the desperate news sites like coinpedia fish them out of the crap they are in and advertise their nonsense as a real "speculation".

Indrawan77

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I think everyone is free to express and predict the price, but I am satisfied if the price could just stabilise, and rapid rising is not too good for the market, when it hit correction the price will got a major correction, it will be great if the price could reach ath again, but in a slow and stable way

rdluffy

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Quote from: BitHodler on June 24, 2019, 06:42:06 PM

Quote from: rdluffy on June 24, 2019, 01:51:34 PM

The truth is: nobody knows the future prices of any crypto Cheesy

some people say 20k, 60k, 100k, who's right?

Isn't that why this market is so exciting? I personally don't focus on reaching $100k or other price levels. The only thing I focus on is to accumulate as many satoshis as possible and be a happy hodler at the end of the ride.

The end of the ride being this market to be so mature that it will longer fluctuate as much as it does right now, which stimulates use as currency and LN will have been ready to effortlessly support hundreds of thousands of daily users.

Don't forget that this disruptive revolution is unique and won't be replicated in the coming few hundred years. Bitcoin offeres the average person to become a new wealthy elite, so make the most of it while you still can.

Totally agree with you, I can't explain better, I'm not worried if will reach 100k or not, I'm focusing to accumulate as many as possible coins, no matter what

jossiel

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Quote from: gentlemand on June 24, 2019, 12:54:37 PM

Quote from: jossiel on June 24, 2019, 12:49:00 PM

But I don't even know that guy. When bull run comes, everyone becomes popular and an expert. Coinpedia and other news agency should stop making content out of these people who are just tweeting their opinions.

I'm not looking forward to all the crypto bro fuckheads appearing out of nowhere spouting shite if things really take off. I hope at least there isn't another Bitconnect to ensnare the stupid and enrich them. No doubt they'll find something somewhere.

Well, I couldn't agree more.

Quote from: rdluffy on June 24, 2019, 01:51:34 PM

The truth is: nobody knows the future prices of any crypto Cheesy

some people say 20k, 60k, 100k, who's right?

But we all have to agree, the trend is awesome, we are in a good moment and we all are expecting great prices

All of them are right and at least $20k, it has been reached and we're just waiting on what will be the next all time high. It could be those two. Tongue

BitHodler

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Quote from: rdluffy on June 24, 2019, 01:51:34 PM

The truth is: nobody knows the future prices of any crypto Cheesy

some people say 20k, 60k, 100k, who's right?

Isn't that why this market is so exciting? I personally don't focus on reaching $100k or other price levels. The only thing I focus on is to accumulate as many satoshis as possible and be a happy hodler at the end of the ride.

The end of the ride being this market to be so mature that it will longer fluctuate as much as it does right now, which stimulates use as currency and LN will have been ready to effortlessly support hundreds of thousands of daily users.

Don't forget that this disruptive revolution is unique and won't be replicated in the coming few hundred years. Bitcoin offeres the average person to become a new wealthy elite, so make the most of it while you still can.

Wilhelm

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The only credible long term TA is a chart showing the exponential curve.
This chart predicted the first 10k with 4days precision.

Also the BETI index is good.

This TA suggests 60-70k which is credible. I think 40-50k would be nice.

1Referee

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I'm pretty active in the space and watch quite some crypto related videos to kill time and have a laugh, but I haven't heard of Josh Rager before. Roll Eyes

Anyhow, I find it quite funny how people here link 'well known' traders and think their prediction hold significance while if you have a basic understanding of technical analysis, you can come up with similar predictions. In the end, you'll be right or wrong. These people will not show up when they are wrong, but push it in your face when they are right.

I have seen Alessio Rastani do the same. When the price goes up or down, he shows you a fragment of his member side video where he points out how he predicted it to happen. What he doesn't show you is how many times his predictions didn't go to plan, and you won't see it unless you become a paid member.

For a noob it might look these guys are right plenty of times, while it's just a trick to gain recognition.

Topic: Popular Crypto Trader says “Bitcoin is likely to hit $60k+ this coming uptrend”. (Read 493 times)