Topic: Realistic Predictions for Bitcoin? - page 8. (Read 1309 times)
it needs to brake 6200 first for big move.i expect we will test 4800 first, if we cant stay there 4200.then we will be ready to test 8k then 10k.if it happens it may be new ath with fomo.
I began to think whether this year could reach $20k, while at present the price is only around $5k.
I have no doubt with its likelihood. Bitcoin will surely pump up even higher than the previous high.
So far bitcoin is moving uptrend and this is a good start to think more optimistic, $1,000 can easily be achieve in crypto and we know that the volume
has been increase so an increase more than that can happy anytime.
Don't think much but just believe, bitcoin is always here and will stay here to get adoption and with good adoption, it will increase the price.
It will not be steadily since fiat is the leading currency for most the upcoming time. we will get to those values if the majority dont sell to fiat but keep it to spend it again on products/services that will do the same. where more fiat is coming inn less is going out. its a mind set that needs to change.
Those value of Bitcoin that the OP has said is not impossible because we don't need to pour trillions of dollars to make Bitcoin's price or value go higher and just like what you have said it is on the mindset and when most of the people have a mindset to hodl for longer period of time the possibilities of Bitcoin skyrocketing is high without any kind of manipulation. 
I began to think whether this year could reach $20k, while at present the price is only around $5k. Many predictions have been made since the beginning of 2018 about the price of BTC. However, most of these predictions failed to come true. as the pioneer of the first crypto currency, it became very famous after posting all-time highs of $ 20,000 at the end of 2017. After the bearishness that occurred throughout 2018, everyone expected BTC to recover. Unfortunately, Bitcoin doesn't recover and gets worse.
It will not be steadily since fiat is the leading currency for most the upcoming time. we will get to those values if the majority dont sell to fiat but keep it to spend it again on products/services that will do the same. where more fiat is coming inn less is going out. its a mind set that needs to change.
Fiat is not hold at all instead of that people will goes to buy the gold or diamond or property as a asset for their hard earned money but bitcoin or Ethereum is not consider in that way. That is being considered as investment like gold.
Once in the forum also people compared bitcoin with gold.
To change such fiat usage even centralized medium introduced some stable coins in the market may be in future we can find the many countries own coins.
Big points mate fiat is usage to buy investment yes example on that is gold, actually bitcoin ethusiasm are continue to buy and hold it because they know their future as investment more the price of the gold.
Starting of the second quarter of the year we've experienced a big growth in the market. Further the growth in price hasn't progressed forward, but there is continued market fluctuation. Upon the same I believe that the market will grow gradually and reach an confirmed $10k+ value by the end of the year.
The only Realistic Predictions for Bitcoin is that you can sell your bitcoins for around $5.000 tomorrow on your local exchange. What the price will be at the Consensus in May or in 2020 around the halving or in 2023, when the next bull cycle tops, that will just be guessing. No one knows. Will the price of bitcoins go to 100k one day, most likely! and we will probably continue to see new all-time highs the next many decards.
I estimate that bitcoin will continue to grow and develop. But the growth is still small. I see investors cannot forget the events in 2018. So they are still traumatized. Until the end of 2019 I estimate that bitcoin is not more than $ 9,000.
We could see the bully run on the 20k as you mentioned if the government continues to put their hands into cryptocurrency markets.
You can already see an upwards price direction from the past days. We have already reached out above $5.200 2x now (one last week and another prior week before that).
Just by the fact we are seeing alot of embrassements from new investors as well as new companies reaching out for their payments update for having cryptos as one of their payments system it means price will go up sooner or later as more People will join the pumping (since they will be buying just for their payments).
I feel both Happy and Optimistic about the current developments on real life situations cryptocurrencies are being present at.
You can already see an upwards price direction from the past days. We have already reached out above $5.200 2x now (one last week and another prior week before that).
Just by the fact we are seeing alot of embrassements from new investors as well as new companies reaching out for their payments update for having cryptos as one of their payments system it means price will go up sooner or later as more People will join the pumping (since they will be buying just for their payments).
I feel both Happy and Optimistic about the current developments on real life situations cryptocurrencies are being present at.
Though the price increase is relatively slow, at least we are moving in the positive direction. Not only the price, but the mass adoption is growing. Merchants and shops are starting to accept crypto even with the volatility risk, we can see that their number is growing. So I believe, this is doing great for the crypto community.
We could see the bully run on the 20k as you mentioned if the government continues to put their hands into cryptocurrency markets.
You can already see an upwards price direction from the past days. We have already reached out above $5.200 2x now (one last week and another prior week before that).
Just by the fact we are seeing alot of embrassements from new investors as well as new companies reaching out for their payments update for having cryptos as one of their payments system it means price will go up sooner or later as more People will join the pumping (since they will be buying just for their payments).
I feel both Happy and Optimistic about the current developments on real life situations cryptocurrencies are being present at.
You can already see an upwards price direction from the past days. We have already reached out above $5.200 2x now (one last week and another prior week before that).
Just by the fact we are seeing alot of embrassements from new investors as well as new companies reaching out for their payments update for having cryptos as one of their payments system it means price will go up sooner or later as more People will join the pumping (since they will be buying just for their payments).
I feel both Happy and Optimistic about the current developments on real life situations cryptocurrencies are being present at.
"Realistic prediction", most of the time the btc price predictions are based on assumptions, speculations, and knowledge about market movements, but 90% of the time (and I'm being nice here) those predictions end up being innacurate. Just look at Tom Lee, a btc permabull from wall street who always tries to predict the btc price and never gets it right...Or look at those who remained bearish and predicted sub 2k months ago...IMO there's no such thing as a realistic prediction in the crypto market.
But to be sustainable it would have to be supported by something, maybe if a country or two adopted it as their national currency.
Very, very unlikely.
When you say prediction,you don't know if it will happen someday or not. It is just something you want to happen through your own thinking base on your research or base on what's happening inside crypto market but it reality prediction is just prediction.
20000 is nothing really if you think at it in global terms. Compare the current market cap of bitcoin with big companies like mcdonald's, apple, amazon. If one person like Jeff Bezos can have enough money to double the price of bitcoin the predictions of 100 thousand dollars per bitcoin aren't that far fetched.
The chances of one billionaire selling everything to buy bitcoin are very low but what if a number of them spent 10% of their wealth? We would be above 20 thousand tomorrow and we wouldn't need a countrywide adoption.
The chances of one billionaire selling everything to buy bitcoin are very low but what if a number of them spent 10% of their wealth? We would be above 20 thousand tomorrow and we wouldn't need a countrywide adoption.
The difficult part when predicting the price of Bitcoin is that it doesn't have to be logical. There is nothing in the universe that says the price of Bitcoin must be represented by the value it provides.
It is worth what people are willing to pay for it.
The other interesting thing is that the price is not necessarily what it's worth. I know that sounds crazy, but let me explain. When someone calculates the market cap, all that they are doing is taking the most recent transaction (the most recent buy/sell) and multiplying that price by the total number of bitcoins in circulation. This is not the total amount that has been invested in BTC and is sitting in some vault somewhere.
Sure, the market cap might be $89 billion, but that doesn't mean it is worth $89 billion. Hypothetically if everyone in BTC got together and said, "you know what, we should all cash out, let's split the $89 proportionally based on our relative ownership" - they couldn't. The moment some of them started selling the price would begin to drop due to supply and demand. It would plummet and as the price of the most recent transaction went lower and lower, the total market cap would approach zero well before the people with coins could realize even a fraction of the $89 billion.
Similarly, if there is enough hype and people are looking to buy at the same time, there is no reason the price couldn't hit some of the outrageous numbers that people throw around. It is unlikely to sit at those numbers for sustained lengths of time, but not impossible to hit them. All it takes is one crazy person willing to pay $1 for 1 satoshi and BTC is worth $100k at a market cap of $1,764,737,500,000,000.
I had a similar discussion with my friend in early 2017. I predicted that XRP would do well because it had such a low price per coin. She's like no way, the circulating supply is so high and so the market cap is all that matters. Yet I kid you not, one of the things I kept hearing from people was how XRP was so "cheap" relative to BTC. "What if it goes to $20k like BTC?". People kind of suck sometimes!
It is worth what people are willing to pay for it.
The other interesting thing is that the price is not necessarily what it's worth. I know that sounds crazy, but let me explain. When someone calculates the market cap, all that they are doing is taking the most recent transaction (the most recent buy/sell) and multiplying that price by the total number of bitcoins in circulation. This is not the total amount that has been invested in BTC and is sitting in some vault somewhere.
Sure, the market cap might be $89 billion, but that doesn't mean it is worth $89 billion. Hypothetically if everyone in BTC got together and said, "you know what, we should all cash out, let's split the $89 proportionally based on our relative ownership" - they couldn't. The moment some of them started selling the price would begin to drop due to supply and demand. It would plummet and as the price of the most recent transaction went lower and lower, the total market cap would approach zero well before the people with coins could realize even a fraction of the $89 billion.
Similarly, if there is enough hype and people are looking to buy at the same time, there is no reason the price couldn't hit some of the outrageous numbers that people throw around. It is unlikely to sit at those numbers for sustained lengths of time, but not impossible to hit them. All it takes is one crazy person willing to pay $1 for 1 satoshi and BTC is worth $100k at a market cap of $1,764,737,500,000,000.
I had a similar discussion with my friend in early 2017. I predicted that XRP would do well because it had such a low price per coin. She's like no way, the circulating supply is so high and so the market cap is all that matters. Yet I kid you not, one of the things I kept hearing from people was how XRP was so "cheap" relative to BTC. "What if it goes to $20k like BTC?". People kind of suck sometimes!
Honestly this is the first time that I will read this kind of prediction it is like that he is so sure on what he saying about what happened next here in bitcoin industry. Very positive insight but I hope it will happen. But I 20k is a huge increase coming from 5300 in our present price but I know that all of us will hoping in this kind of development.
I am expecting the bitcoin price skyrocketing very soon and the market will see a great move but this is all base on speculation and not an investment advice, but I see a great market very soon.
Agree, most of these price tag on Bitcoin are speculations and may or may not come to reality. Nobody should give advice base on speculations from these speculators because the end results will be negative, ensure you do your research before invest into cryptocurrency. The market will surge very sonn.
Yes, of course, people will need to start holding on increases, because they believe in it and because they prefer to transact in it. Personally when I give predictions it's just thinking in today's dollar value as the dollar is still the reserve currency. To get to McAffee's prediction, BTC would have to become the reserve currency.
I did not see any real predictions about the price of Bitcoin in the near or distant future. I personally believe that Bitcoin will never even reach the price of one hundred thousand dollars. It will fall whenever it becomes a significant increase in price. Bitcoin holders themselves will not give him the opportunity to grow in value for a long time. We must first take into account the psychology of people. Good well can only be on the graphs, but not in reality. 
I agree that we have to much predictions that are based on exaggerated wishes and have no ground in reality at all. These are actually no predictions but only pure mentioning of something that users would desire to happen but it's not going to happen in real world. Like Bitcoin to be worth 1 million dollars.
So we need more actual preductions that are based on analysis and taking into consideration all relevant circumstances, that are not based on social networks and blogs information, something that users could take seriously. But this is very rare.
So we need more actual preductions that are based on analysis and taking into consideration all relevant circumstances, that are not based on social networks and blogs information, something that users could take seriously. But this is very rare.
I am expecting the bitcoin price skyrocketing very soon and the market will see a great move but this is all base on speculation and not an investment advice, but I see a great market very soon.
To change such fiat usage even centralized medium introduced some stable coins in the market may be in future we can find the many countries own coins.
Fiat money (and every other currency) is used as a medium of exchange and it would be used like that. Usually, people are not buying fiat money to get any profit and it is not considered as an investment. The same thing gonna happen when any country would issue its cryptocurrency. That would be a stablecoin that would serve as a fiat currency but would be more suitable for some online transactions. People are not supposed to get profit from this coin. Jump to: