Topic: Speculation on BTC - page 13. (Read 1599 times)

We have heard that many times before, saying that this will be the last time we are going to see bitcoin at $10K. However, we are even struggling to go past $8K now. So much volatility in the market that no one can really predict where the price will go.

Perhaps the reason that they are really saying that this year is the last time we are going to see it going below 4 digit mark is that they are bag holders and they want to influence the market and obviously their portfolio to grow.

Well, I think that such claims come from the analysis that the people made out of the past charts or movements of bitcoins which may be reliable but not that much. But to be honest, I too believe that this might really be the last year that we might see the prices of bitcoins being lower than 10,000. That is, if what happened in the past still happens this year..

But I've read in an article if bitcoin will increase again in the year and the article says if the year's high increase will happen even it will surpass the previous high value and he also says that this is the last one. Given this thread, I have high confidence if we keep holding is the right decision.

I'm sure of that too, and I think next year bitcoin will be more developed and if it is downhill I will not get under $ 10000 and I hope the best for future bitcoin

We all have to remember that this was just a pure speculation. Those two guys you're referring to may only be expressing their own theory or their own desires for bitcoin. Hoping against all hopes that their theory can become a reality. We all have our own speculations, and i do believe that whenever we speculate it is always on the positive side. Come to think of it, I also happen to read somewhere an item about one analyst saying that, a very positive upsurge in bitcoin price is bound to happen before the end of the year. We'll it certainly looks like there were many things to look for at the end of the year mate.

Trusting people from the btc foundation to make price predictions for bitcoin is like trusting a priest on news from god. I am honestly taking everything into consideration, and no matter how optimistic I am, I can't make a prediction like that. What I can tell you is that these huge swings show one things: absolutely nobody knows where bitcoin is going. We don't even know if we can take it to mainstream use. We're certainly trying, but I think price predictions without a proper explanation as to why it would be going in any direction is useless and childish. Why 10,000? Why 100,000? What are these figures based on?

Stabilization of Bitcoin's value is not beneficial to those who own it. After all, he was bought as an investment and he should bring income. So there are up and down swings, from 7K to 10K. This I think is the main reason.
And I do not exclude large investors who throw out large sums.

Well, I somewhat agree with the statement because the recent price rally brought many investors/users in this industry and most of them are waiting for the entry point to put their capital and at the same time, they don't want to take any risk so as soon as BTC will get some momentum on the price chart, we will see domino effect on the price and it will break the previous all-time high record. Considering the growth of the user base, I do see huge growth potential in the coming years.

I really miss those disclaimers those who give financial / investment advice used in past eras where they said: "said person is not currently invested in the thing they're currently offering advice on". Objective and independent analysis is critical in gauging things like future price projections. Its very hard for someone to be either objective or independent if they invested $50,000 in gold/silver or $50,000 in bitcoin which is often the case for those offering investment "advice". And so perhaps it is a worthwhile goal to be cautious and practice "caveat emptor"(buyer beware) when pondering things some say.

I think the three main variables when considering future bitcoin price might be broken down thusly.

1. The state of the us dollar and european euro. If debt and deficit increases for either the USA or EU the value of bitcoin and crypto should increase. Concern over the stability and reliability of fiat currency is one of the main overriding factors determining how badly precious metals and crypto currencies are in demand for a populace which is seeking ways to maintain the value of their wealth in the face of worse case scenario fiat devaluation or hyperinflation. Currently there are many nations in the world which are dealing with currency devaluation/hyperinflation scenarios. The USA and EU may be the last to feel the threat of this but inevitably if nothing crucial changes they are both likely to end up in trouble eventually.

2. Worldwide regulation and potential legal crackdowns on bitcoin and crypto. How and when this is implemented could have a future impact on price. I think everyone knows most potential scenarios here.

3. Lastly I think demand and the size of crypto's userbase is the final main factor. How educated and informed crypto's userbase is and how well they support the right altcoins and policies could make a massive difference.

Of course this is all off the top of my head so maybe not the best breakdown but hopefully I gave someone something worth pondering or reading.

Speculations will be speculations as long as there is a solid proof that it will definitely become realistic. No matter how many times people speculate the price of Bitcoin, it will only depend on how the marketing is going and if people will still invest in this crypto. Then again, I will not believe easily on speculations especially when there is no solid proof to the claim.

İf the subject is bitcoin than nearly all of the speculations are wrong and nearly all of the speculations are right.it will go up, it will crash down, it will soar in the sky and than get dismembered by a bear.noone knows which will be next and also everybody knows.you can predict pretty much anything and it can come true eventually.

Speculation are present in every sphere of uor live, can be little selfish, but I`m trying to earn mine, and dont worry about others earnings.

They are true believer and optimistic with bitcoin. If they ever said that this will be the year that bitcoin will be under $10,000 then that's great! We only have to hold until next year and that's few more months to go.
They have analyzed it basing the supply limit of bitcoin and it's next halving on May 2020.

I do not really know where they get it also but I do believe in the power of cryptocurrency.
There are still coins or tokens out there that is not moving and that is because their investors and supporters and not dying on them.
It will be the same with bitcoin if that is what is happening. But why come to this bear market?
It just means one thing for me. There are more and more people that are owning bitcoin. That means a lot of fluctuation if decided to sell while on the other hand the altcoin dont have that much yet.
Population of holders will really affect a lot, even the smallest one.

I think the volatility of Bitcoin is exactly why they are saying this... They're not stupid enough to really believe Bitcoin would stay above $10k/BTC for the rest of its life. They're smart people and tell the crowd just what they want to hear.

They're saying this, because everyone knows Bitcoin is volatile and that it could grow (or fall) by many percents per day. When experts say the price goes up, people naturally believe that with a volatile asset, that means it would go up a lot and would therefore make them a ton of money.

The volatility of bitcoin as a feature of crypto was possibly not considered in the prediction. Its fine to be optimistic but in the world of investments speculations must be laced with rationality in thinking and measurements. While we hope that this is realized some day, please run with the reality of today.

No one can really predict the future of crypto specially the values at a given time. Even experts cant accurately predict but its very much possible due to the mining difficulty that will happen next year. As we all know that every four years the mining difficulty of bitcoin increases together with its value but this does not really assure us that the value will definitely skyrocket or even be doubled since bitcoin's value is dependent on the acceptance and adaption of the people to the currency. The next halving is expected happen on the 31st of May 2020 and we will just have to wait and see what the future will bring.

Nobody has any control over the price so nobody has any reasonable expectation about what the price is going to do in the future. Prognostications by anyone, even people from the BTC Foundation, are rather worthless. It seems more likely they're trying to stoke demand since weak demand has been slowly deflating the price for awhile now. As members of the BTC Foundation, I expect they probably have significant Bitcoin holdings and are probably worried about how those holdings have depreciated in value over the last 6 or so months. Because of this, I would view such "predictions" as not only baseless (like any other price prediction), but also self-motivated and conflict-oriented. After all, I'm sure none of these guys would have ever predicted at the time Bitcoin was trading above $19,000 that it would ever again see a price below $7,000, and as we all know it reached that less than 6 months later! And that's why their predictions are worthless.

We all have the rights to say what we wanna say,and this two guys has their own.
And im still believe that saying about five digits would be this last year is appropriate because last year we have reached almost $20,000 and thats not a small margin,there must be a massive attack against bitcoin domination but we can see the resistance from the bitcoin supporters everytimw they try to dump bitcoin most of the alts from top coins drops with this.