Ridiculous BTC Prices Predictions by Experts?

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: jerry0 on December 17, 2017, 01:04:19 AM

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?

You must understand that most predictions are not really predictions but the wishes of the one saying that number, second the only limit that bitcoin price has regarding its price is the total money supply if you consider all types of money then the price bitcoin can reach is a lot higher than 30k so there is not really a hard limit that limits bitcoin, especially since governments keep increasing the money supply.

HappyLocust41

newbie

Activity: 67

Merit: 0

I totally agree that high profile people are either paid to make a prediction in order to hype the unknowing public. It's best not to believe them entirely especially since you are risking your own money and not theirs.

raven7886

legendary

Activity: 1512

Merit: 1041

Quote from: squatz1 on December 17, 2017, 01:32:56 AM

Quote from: Haunebu on December 17, 2017, 01:24:14 AM

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.

Most people making predictions are just making it to drive the market while using their position, same with those speculating FUDs. This does not mean anything, as what would occur, ends up happening eventually and there is just no way can anything change it. However, there is no need being too expectant based on what some of those who call themselves expert do say as they know nothing. The best is just to follow the trend and blend in with it.

CyberKuro

hero member

Activity: 798

Merit: 506

There are no experts if we're discussing price in the future, only some analyst who predicted about bitcoin price.
Yes, $500K or $1 Million seems impossible for now as bitcoin still struggle to holds its position above $12K.
But, it ever happens when bitcoin starts this year with the price $980, even myself can't believe if bitcoin could reach $20,000 as I thought the best price maybe around $2K. If you don't want to talk about it, just don't but let others imagine about bitcoin in the future, that's a long way to get in there though.

HasHe

hero member

Activity: 952

Merit: 500

Yes.Such predictions seem to be ridiculous.such baseless predictions must be ignored.They don't do any analysis and don't provide any solid reason due to which they predict bitcoin to reach such a higher price.

Even predictions of big economists fail mostly.Even with previous price charts,we could not predict price movements since the previous situations does not exist now also.

Even technical analysis,fundamental analysis nothing works all the time.

pitiflin

hero member

Activity: 980

Merit: 507

Quote from: jerry0 on December 17, 2017, 01:04:19 AM

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?

For bitcoin to go to 50k or 100k or 200k, there is a requirement for huge amounts of money. Only big whales and institutional buyers will buy for sometime and then what price will automatically go down because whales would run out of money if ever they use such a strategy but they aren't stupid.
Speaking of "experts", McAfee claims that he'll chop his manhood off if bitcoin doesn't reach 500,000$ by the end of 2020 or something. So, one asshole is going to be dickless cunt.

player514

legendary

Activity: 1414

Merit: 1039

Quote from: jerry0 on December 17, 2017, 01:04:19 AM

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?

Technically any speculation you convince others of about Bitcoin ends up being "too far." There is no true way to predict what the price of Bitcoin will be. You can predict stocks because of the 10k's and knowing how companies are doing. With Bitcoin, you don't get these documents. That's why I say that when it comes to bitcoin you can believe what you want but you should always know that there is nothing backing it. It's a dangerous game that many jumped on too quickly without really knowing about it.

PricklyPear1

newbie

Activity: 20

Merit: 0

Quote from: Supercrypt on December 30, 2017, 08:17:56 AM

Quote from: SiNeReiNZzz on December 17, 2017, 01:31:39 AM

Quote from: Haunebu on December 17, 2017, 01:24:14 AM

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.

Yes, some do not even have a basis on their prediction, which is why right now, bitcoin has just become another speculative asset and unless the currency part of it becomes really useful, there is just no way we may experience some pretty huge price and even if we do, it can burst anytime.

However, I would prefer to see bitcoin to be value driven. The prediction by experts though, may end up happening, but we just have to keep our fingers crossed anyway.

I always go back and forth with the utility of BTC itself and what ‘value’ that would bring. If large-scale common commodities were easily purchased with BTC, why would people do that versus using their own native country’s currency? What would be the incentive for the common person? Over the years, whenever we fell into a bear market, the sentiment is always the same... people get bored with the stagnant price and many slowly exit until the next boom cycle. I wonder if this crypto experiment may have other expected outcomes outside of the current understanding and expectations.

Supercrypt

legendary

Activity: 1554

Merit: 1054

Quote from: SiNeReiNZzz on December 17, 2017, 01:31:39 AM

Quote from: Haunebu on December 17, 2017, 01:24:14 AM

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.

Yes, some do not even have a basis on their prediction, which is why right now, bitcoin has just become another speculative asset and unless the currency part of it becomes really useful, there is just no way we may experience some pretty huge price and even if we do, it can burst anytime.

However, I would prefer to see bitcoin to be value driven. The prediction by experts though, may end up happening, but we just have to keep our fingers crossed anyway.

cybersofts

copper member

Activity: 658

Merit: 284

It is very funny people without the technical knowledge or pure understanding of bitcoin are the ones making predictions for bitcoin. I see there are tons of bitcoin predictions by different guys on YouTube without any specific insight or proven calculation. they were just predicting bitcoin price just like that without making any sense.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Quote from: jerry0 on December 17, 2017, 01:04:19 AM

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?

Some people just understand that bitcoin can still grow a lot in the coming years. We're not even past the stage wherein the big financial firms are already having their eyes on the tech. Back when bitcoin was in $200 a piece, everyone is screaming that we can't get past $5000 since it would be ludicrous, or in economical standards, unacceptable. Look at where we are right now. Most are still in doubt while bitcoin is busy making moves with the help of adept and newbie traders. $100k is yet another psychological barrier, but watch when it gets breached, everyone will be saying "I told you so" even when they doubted bitcoin first.

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: AjithBtc on December 29, 2017, 03:07:18 PM

With the adoption of Japan the price started to move forward and the same has now made several unpredicted values to be reached. So, possibly the price will increase making the ridiculous predictions come true.

Japan has indeed been a massive source of growth for Bitcoin, and I strongly believe that we haven't even seen 5% of what Japan is capable of. With lightning network Bitcoin more than ever will be a worthy tool for conducting smaller purchases, which now isn't possible. Well, it is possible right now, but no one in his right mind will use a fee of $15-$20 to purchase a coffee or whatever other drink or snack valued at just $5 -- it makes no sense. Bitcoin deserves to be used like how it initially was praised for, where I strongly believe that altcoins will suffer from this movement to Bitcoin. I consider everything till $100k before the end of 2020 to be more than realistic.

txtravwill

newbie

Activity: 55

Merit: 0

Quote from: AjithBtc on December 29, 2017, 03:07:18 PM

By the starting of 2017 when the price was around $1200, the predictions were to reach $5000. Majority of the users never thought that such a large scale growth will happen in a short time period. With the adoption of Japan the price started to move forward and the same has now made several unpredicted values to be reached. So, possibly the price will increase making the ridiculous predictions come true.

Well, I don't think we'll see another year with 1400-1500% like this year (as of now), but a 100% year seems very likely, or 200% year. Thus I'd say $30K or $45K are not out of the question. Even a 300% or 400% year seem feasible being 60K or 75K ish.

It should also help that Wall Street/Markets really think about things mainly on the calendar year Jan-Dec, thus BTC will start its year and they will be talking about year to date gains of 5% 10%, etc. so it won't make 100% seem so far off.

-T

AjithBtc

sr. member

Activity: 1666

Merit: 276

Vave.com - Crypto Casino

By the starting of 2017 when the price was around $1200, the predictions were to reach $5000. Majority of the users never thought that such a large scale growth will happen in a short time period. With the adoption of Japan the price started to move forward and the same has now made several unpredicted values to be reached. So, possibly the price will increase making the ridiculous predictions come true.

el kaka22

legendary

Activity: 3710

Merit: 1170

www.Crypto.Games: Multiple coins, multiple games

Quote from: xPPx on December 26, 2017, 07:24:36 PM

It's funny how everyone thinks that they are a pro. I didn't want to get rich at $250/BTC in 2015. I just got tired of getting banned by WU because of gambling site transactions...

And that is one good thing about those who saw the real usefulness in bitcoin even while understanding the volatility and that is what is going to make bitcoin different in the long run as more people keep seeing the main reason why bitcoin brings a lot of different stuff on the table and obviously will keep driving the price up.

Western union really sucked and I imagined how bitcoin has really helped in pulling me out of that shit. It seems ridiculous back in 2009 for bitcoin to even hit $10k some days later on which we got past that this year, so I would not consider any value ridiculous.

A time would come that we would be talking in satoshis instead rather than bitcoins. We cannot say how long this would take, but we both know bitcoin is really gaining a lot of attention and i would not be surprised if it does.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: Junko on December 26, 2017, 06:44:56 PM

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.

Yup. After Gox, I thought that was it. I didn't think BTC would go over 1000 USD ever again, but I continued to stick around and trade alts for BTC.

Then the unthinkable happened. I can see it happenning to some alts as well. I would never have thought some of them would reach dollar parity a few years ago.

I guess the game now is to buy and hold projects that are worth a few cents per coin, that has some probablity to rise to 1+ USD.

If someone has an idea what altcoins those are, now is the time to share them itt. Wink

jerry0

full member

Activity: 1750

Merit: 186

Hey all now im thinking it might not be a bit ridiculous because there is this guy named james altucher who on cnbc was asked what he think btc price will hit. He said thoughts on mcafees 1 million dollar prediction. He mentioned he agreed and think it would hit 1 million easily. This guy definitely from what i read is a genius.

So wouldn't that mean 1 million is actually possible if a guy like him agrees?

xPPx

sr. member

Activity: 531

Merit: 250

It's funny how everyone thinks that they are a pro. I didn't want to get rich at $250/BTC in 2015. I just got tired of getting banned by WU because of gambling site transactions...

squidiot438

newbie

Activity: 75

Merit: 0

I don't think we should take these predictions seriously. Those who get hyped get sucked in and buy blindly. Bitcoin was a breakthrough in technology, but it's kind of stuck right now with hundreds of thousands of unconfirmed transactions lasting for weeks. This is not a good sign at all.

Bloomie

newbie

Activity: 84

Merit: 0

Quote from: Junko on December 26, 2017, 06:44:56 PM

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.

I think though that there is a plateauing of sorts that happens the higher up we get. There is more resistance after a while. For someone to get a BTC for $1 is easier than for someone to get it at $10k or $15k for example. So yes, while it may have been unfathomable for it to go to 100 or 1000 for example, the price growing 10x from 100 to 1000 was easier than the price growing 10x from 10k to 100k. There is far more resistance at this level.

I think ultimately the price will grow. We might hit 50k in 2018, but we probably will not see the 1800 - 1900% increase that we saw in 2017. No reason to be concerned though. Unless you have hundreds of BTC in your wallet, the % increase isn't what matters. Think of your profits in regards to what you can buy with them, not your ROI. Even a $1,000 profit is very significant because it can buy a good amount of stuff.

TERA2

full member

Activity: 266

Merit: 222

Deb Rah Von Doom

To think that a continuing exponential trend at these levels is guaranteed is silly.

Junko

legendary

Activity: 1512

Merit: 1000

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.

jerry0

full member

Activity: 1750

Merit: 186

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.

bill gator

legendary

Activity: 1372

Merit: 1123

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 Tongue

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

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^

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: jerry0 on December 17, 2017, 01:04:19 AM

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

Quote

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.

khaldrogon

newbie

Activity: 36

Merit: 0

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

vv181

legendary

Activity: 1932

Merit: 1273

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.

squatz1

legendary

Activity: 1666

Merit: 1285

Flying Hellfish is a Commie

Quote from: Haunebu on December 17, 2017, 01:24:14 AM

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.

SiNeReiNZzz

legendary

Activity: 1022

Merit: 1043

αLPʜα αɴd ΩMeGa

Quote from: Haunebu on December 17, 2017, 01:24:14 AM

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.

Haunebu

hero member

Activity: 3178

Merit: 977

www.Crypto.Games: Multiple coins, multiple games

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.

jerry0

full member

Activity: 1750

Merit: 186

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?

Topic: Ridiculous BTC Prices Predictions by Experts? (Read 305 times)