Topic: Quinlan Associates: Bitcoin Price will Crash to $1,800 in 2018 - page 3. (Read 805 times)
At the moment, this looks like an unlikely event. Given the huge demand of crypto, I would expect bitcoin will find its supporting line around 8k-10k. Unless some significant event happens, like a quantum computing break through that leads to easy cracking of bitcoin private keys
Sounds again, like some want to buy Bitcoin cheap via manipulative predictions. But if they are serious, we should remember, that the Bitcoin price was 800$ last year. As we are still at beginning with a growing popularity, I can't imagine to see Bitcoin drop so far.
Quote
“As an asset, we valued Bitcoin using a cost of production approach and a store of value approach, resulting in values of $2,161 and $687 respectively. To value BTC as a currency, we estimated its utilisation for both legal, retail transaction payments, as well as payments in the black market. After significant testing, we calculated the price of BTC to be $1,780.”
‘In the short term, Quinlan Associates sees nothing but a period of a critical bloodbath for bitcoin and the crypto ecosystem as a whole. However, the firm opined that the market would be rebound after the crash to experience another period of growth triggered by cryptocurrencies with strong foundations and a clear utility
https://btcmanager.com/quinlan-associates-bitcoin-price-will-crash-1800-2018/‘In the short term, Quinlan Associates sees nothing but a period of a critical bloodbath for bitcoin and the crypto ecosystem as a whole. However, the firm opined that the market would be rebound after the crash to experience another period of growth triggered by cryptocurrencies with strong foundations and a clear utility
Who are these people? I’ve never heard of them before.
I don't think that these people have any authority to claim this... it sounds like a "best guess attempt" to me not to say psychological terrorism. Bitcoin may retrace but never lose 90% of its current value.
$1,780 is a pretty specific number. That’s different from saying it will drop by half or 70% or whatever. For supposed experts that can predict an exact price amount, I have never heard anything about them and I follow bitcoin news as a hobby.
Quote
“As an asset, we valued Bitcoin using a cost of production approach and a store of value approach, resulting in values of $2,161 and $687 respectively. To value BTC as a currency, we estimated its utilisation for both legal, retail transaction payments, as well as payments in the black market. After significant testing, we calculated the price of BTC to be $1,780.”
‘In the short term, Quinlan Associates sees nothing but a period of a critical bloodbath for bitcoin and the crypto ecosystem as a whole. However, the firm opined that the market would be rebound after the crash to experience another period of growth triggered by cryptocurrencies with strong foundations and a clear utility
https://btcmanager.com/quinlan-associates-bitcoin-price-will-crash-1800-2018/‘In the short term, Quinlan Associates sees nothing but a period of a critical bloodbath for bitcoin and the crypto ecosystem as a whole. However, the firm opined that the market would be rebound after the crash to experience another period of growth triggered by cryptocurrencies with strong foundations and a clear utility
Who are these people? I’ve never heard of them before.
I don't think that these people have any authority to claim this... it sounds like a "best guess attempt" to me not to say psychological terrorism. Bitcoin may retrace but never lose 90% of its current value.
after significant testing? well I would hate to disappoint them, but the markets have been significantly testing bitcoin for a few years now and they came to the conlcusion that it should be priced between 13k and 14k USD.
Yeah well, everything can change in here, but for me, $1800 is such a low price, and honestly, i do not think that it will happen.
Obviously that seeing it from a technical point of view, it can really happen if the "bubble" suddenly crashes, but for me, it is almost impossible to have crash at this point, because we did not even get the media attention.
Let's see how it goes, but i am a 99% sure that it wont happen, at least, not for now.
after significant testing? well I would hate to disappoint them, but the markets have been significantly testing bitcoin for a few years now and they came to the conlcusion that it should be priced between 13k and 14k USD. Some more testing is planned though and we will see what will be the end result but surely not that stupid quote from Quinlan Associates.
Quote
“As an asset, we valued Bitcoin using a cost of production approach and a store of value approach, resulting in values of $2,161 and $687 respectively. To value BTC as a currency, we estimated its utilisation for both legal, retail transaction payments, as well as payments in the black market. After significant testing, we calculated the price of BTC to be $1,780.”
‘In the short term, Quinlan Associates sees nothing but a period of a critical bloodbath for bitcoin and the crypto ecosystem as a whole. However, the firm opined that the market would be rebound after the crash to experience another period of growth triggered by cryptocurrencies with strong foundations and a clear utility
https://btcmanager.com/quinlan-associates-bitcoin-price-will-crash-1800-2018/‘In the short term, Quinlan Associates sees nothing but a period of a critical bloodbath for bitcoin and the crypto ecosystem as a whole. However, the firm opined that the market would be rebound after the crash to experience another period of growth triggered by cryptocurrencies with strong foundations and a clear utility
Who are these people? I’ve never heard of them before.
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