Topic: Ridiculous BTC Prices Predictions by Experts? - page 2. (Read 305 times)
To think that a continuing exponential trend at these levels is guaranteed is silly.
OP, back in the day there were people just like you who couldn't even fathom the idea of bitcoin ever breaking $100, much less $1,000. And $10,000 per bitcoin back then was considered "ridiculous". LOL Just search old threads in this section if you don't believe me.
No need to wrack your brain over it. Just buy the dips and enjoy the ride.
No need to wrack your brain over it. Just buy the dips and enjoy the ride.
Does anyone think btc could even hit 100k? Im still wondering how it could even go that high. I think unless btc hits 100k, talking about 200k, 500k or 1 million really ridiculous. We haven't even hit 25k yet.
Awhile back I did some math with some friends and comparing bitcoin to gold we thought that bitcoin could get to about $350,000 per coin without any exaggeration in price or "over-valuation". A lot of the time "experts" just use some sort of simple algorithm or past-performance to make guesstimates and speculate about the possibilities of bitcoin. The honest answer is that nobody knows because this is a new frontier it is impossible to map the territory before we've even been there.
There is no way to tell how mountainous a territory is prior to seeing it; there is no way to know what is on the other side of the future and the same goes for bitcoin. It could drop to $1, it could sprint up to $100,000 real unexpectedly on us. The people who said bitcoin was going to be worth $20,000 back in 2011 were told they were dreamers, and everyone who claimed that there was a bubble to pop ate their words time and time again.
Your post mostly seems like just wildly throwing around numbers, what you want to do is try to pin down a few reasons why it would rise, fall and stay at those numbers and then adjust your logic depending upon if you're right
There is no way to tell how mountainous a territory is prior to seeing it; there is no way to know what is on the other side of the future and the same goes for bitcoin. It could drop to $1, it could sprint up to $100,000 real unexpectedly on us. The people who said bitcoin was going to be worth $20,000 back in 2011 were told they were dreamers, and everyone who claimed that there was a bubble to pop ate their words time and time again.
Your post mostly seems like just wildly throwing around numbers, what you want to do is try to pin down a few reasons why it would rise, fall and stay at those numbers and then adjust your logic depending upon if you're right
Why would it not reach those high numbers if some shares trade for $250 000/share? Bitcoin's price is based on
supply and demand. As long as there are a high demand for these coins and there are a limited supply, then the price will go up.
Most people invested in Bitcoin know this and they hoard their coins to limit the supply side. This push up the price, when there is a high demand.
We should just let the market determine the price and build on that. People are too obsessed with the price at the moment. ^hmmmmm^
supply and demand. As long as there are a high demand for these coins and there are a limited supply, then the price will go up.
Most people invested in Bitcoin know this and they hoard their coins to limit the supply side. This push up the price, when there is a high demand.
We should just let the market determine the price and build on that. People are too obsessed with the price at the moment. ^hmmmmm^
Okay i could see people talk about 50k. But to even say 100k, aren't we getting way too ahead of ourselves.
don't let the numbers alone fool you!100k is only 2x rise from 50k and it is not unheard of for a scarce object to become super expensive.
also you are thinking about this all wrong. 1BTC is going to be worth X but 1 satoshi is gong to be worth 10^-8X
for example if bitcoin reaches $100k, 1 satoshi is still going to be super cheap at $0.01
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Then people talk about 200k, 250k or 500k and 1 million. I mean in my opinion, until btc hits say 75k per btc, 200k and up per btc shouldn't even be discussed... do people here agree? I mean isn't there a good chance btc might hit say 25k but just say there or go to 30k and then go right back down.
going back down is something that always happens. after each rise, after each bad incident such as an exchange getting hacked or some bans or even the debates that hard bitcoin. but none of them mean it won't rise. in any asset there are these down-times where price falls temporarily then rises again.
It's okay I think and normal even though yeah you are right about too ahead of our selves, because people are shock with the madness grow of bitcoin in 2017 so they predicted that way
The price isn't going parabolic all the time, it should/has to have a little correction/pullback. The recent Bitcoin prices surges are extremely fast and high, and it's a bad idea if you want to buy it right now at the top of the price.
Some people simply make their predictions without any specific reason. Cannot always trust the words of crypto experts which is why I feel that our own research and predictions are what matter at the end of the day. John Mcafee has been making some pretty optimistic predictions about bitcoin in recent times and I do agree with him in some ways. I do feel that bitcoin has the potential to touch 100k in the next 2 years, but 500k is way too optimistic.
Here's the thing, there is no such thing as a 'bitcoin expert' these people barely know anything about Bitcoin itself, the currency. They may know a tad bit about buying and selling Bitcoin, if they've made the money themselves or if they have just been studying it -- this doesn't make them an expert in the least.
These people are making these claims to make the market more bullish then it is and to make themselves more money. It's all bullshit though.
Some people simply make their predictions without any specific reason. Cannot always trust the words of crypto experts which is why I feel that our own research and predictions are what matter at the end of the day. John Mcafee has been making some pretty optimistic predictions about bitcoin in recent times and I do agree with him in some ways. I do feel that bitcoin has the potential to touch 100k in the next 2 years, but 500k is way too optimistic.
Most of us here doesn't always depend on somebody's opinion even those came from the experts, we tend to do our own researches in order for us to answer our own questions, but there are also few that are dependent about the news and from those opinions. It is also true that because of those experts advice there are also some big impact happened and that is why most of the people get interested into listening about predictions. 
Some people simply make their predictions without any specific reason. Cannot always trust the words of crypto experts which is why I feel that our own research and predictions are what matter at the end of the day. John Mcafee has been making some pretty optimistic predictions about bitcoin in recent times and I do agree with him in some ways. I do feel that bitcoin has the potential to touch 100k in the next 2 years, but 500k is way too optimistic.
Yes btc has went up all the way to 1k and then 5k and then 10k and then upwards etc. People are talking about btc hitting 50k or 100k. Okay i could see people talk about 50k. But to even say 100k, aren't we getting way too ahead of ourselves. Then people talk about 200k, 250k or 500k and 1 million. I mean in my opinion, until btc hits say 75k per btc, 200k and up per btc shouldn't even be discussed... do people here agree? I mean isn't there a good chance btc might hit say 25k but just say there or go to 30k and then go right back down.
I mean isn't there a good chance that btc would never go over say 30k? Obviously people couldn't think about btc hitting 5k or 10k when btc prices were a few hundred only. Yes that is ridiculous. But to think a coin that is over 10k... to say it could hit 500k... i mean look at that number. That just seems ridiculous to even say that now. I think if you want to talk about 500k per btc... you need btc to hit at least 100k minimum for you to even say 500k. And for it to go to 500k... i mean that would take very long don't you all agree?
I mean isn't there a good chance that btc would never go over say 30k? Obviously people couldn't think about btc hitting 5k or 10k when btc prices were a few hundred only. Yes that is ridiculous. But to think a coin that is over 10k... to say it could hit 500k... i mean look at that number. That just seems ridiculous to even say that now. I think if you want to talk about 500k per btc... you need btc to hit at least 100k minimum for you to even say 500k. And for it to go to 500k... i mean that would take very long don't you all agree?
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