The target of bitcoin lays between 40k and 100k USD

gentlemand

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Quote from: rafanadal on January 30, 2018, 08:56:19 PM

40k-100k is a fantasy at this point.

Yup. As was brushing 20k a few short months ago. What cripples most people here is their staggering shortness of memory and flabbergasting lack of vision. If you scrape around in a one week time frame then you're not going to get very far.

chocolah29

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Quote from: rafanadal on January 30, 2018, 08:56:19 PM

40k-100k is a fantasy at this point.

Yeah and we don't need it right now and we what needs most now is the reality.
Bitcoin straggle a lot this month and its stagnant price that keeps everyone thinking if bitcoin will continue to fall or it will rise soon. If bitcoin will perform a great job and can surpasses its $20k ath then this $40k will happen but not this time and bitcoin will sure undergo a lot of fears, uncertainty and doubt before it will have a good price and we can have a good night sleep.

rafanadal

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40k-100k is a fantasy at this point.

andrei56

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Quote from: Denker on January 25, 2018, 12:50:36 PM

Quote from: holden.commodore on January 23, 2018, 10:14:35 AM

https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/

Any thoughts / opinions on this TA? Sounds plausible.
I assume none of us have seen a real bubble til now: trillions of dollars.

In terms of price, yes this is easily possible.
In terms of the time period, I don't know.
He may be right, he may be not. I don't care to be honest.
Bitcoin's real value is much higher than that.
Question is, if you're patient enough to hold that long. I'm talking about another 10 years to reach 300k-500k per coin.
This is where you should look at and focus on. Not that short term stuff.

You are correct but at the same time it is not going to be easy to hold for that long, I have only held bitcoin for about 18 months, which is not a lot and while I do not have any plans on selling, if bitcoin were to touch 40k to 50k per coin is going to be very difficult to keep holding at that point, since there are a lot of things that I could do with that money to improve my lifestyle.

holden.commodore

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Buying bitcoin at 11k today is like buying at 1.100 USD last year. Of course newbies and FUD spreading people won't be able to get such profit.

Gobeller

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Quote from: iv4n on January 24, 2018, 05:36:27 AM

Quote from: Endikadija on January 24, 2018, 04:32:18 AM

Quote from: holden.commodore on January 23, 2018, 10:14:35 AM

https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/

Any thoughts / opinions on this TA? Sounds plausible.
I assume none of us have seen a real bubble til now: trillions of dollars.

What I remember about the bitcoin ATH was 20k that means if the bitcoin should reach more than 20k soon. But with these a lot of FUD and it looks impossible. There is a lot of many countries are trying to make the more restriction to trades on the exchange sites. Indian bank attempts to halt a lot of the transaction to the crypto exchange sites.and in another land south korea just like take the stir of cryptocurrency trend.

To take the next target between 40k and 110k looks doesn't make sense.

Restrictions or regulations? South Korea will van trading with anonymous accounts, that sounds reasonable. In some way regulations should keep us safe from scammers, but in some way regulations are used just for government to steal more money from us with different kind of taxes.
Target in this article is until 2019, whole year for making that happen, why not I can see this passing trough until then. Bitcoin price is dropping for a while but that doesn't make me pessimistic at all, that happened before, but now bottom is much higher, just believe, what more can I say you.

They're not banning crypto. They're regulating it in a way that they will have more control over it, that's all. I read many TA from tradingview platform and I saw that BTC will maintain the up trend.

Denker

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Quote from: holden.commodore on January 23, 2018, 10:14:35 AM

https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/

Any thoughts / opinions on this TA? Sounds plausible.
I assume none of us have seen a real bubble til now: trillions of dollars.

In terms of price, yes this is easily possible.
In terms of the time period, I don't know.
He may be right, he may be not. I don't care to be honest.
Bitcoin's real value is much higher than that.
Question is, if you're patient enough to hold that long. I'm talking about another 10 years to reach 300k-500k per coin.
This is where you should look at and focus on. Not that short term stuff.

gabmen

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Quote from: uncleduckerr on January 23, 2018, 02:26:34 PM

Quote from: MiLkz on January 23, 2018, 10:30:18 AM

If the powers to be want it to be in this range, it will happen, if they want it to go down to 4-5k it will happen Grin

The market is complete manipulation

Why can't both happen in the same year? It appears we may crack beneath 10k here and I wouldn't be surprised if bitcoin touched 5k then by the end of the year we were at a price tag inbetween 40-100k. That seems entirely possible and I would welcome such an event if it shakes out the weaker hands we got along on the ride.

Seriously? 40k this year is already hard to bit to be honest, 100k at the end of 2018 is pure fantasy. It may be possible if things go smoothly but not this year especially with all the challenges bitcoin is receiving from governments.

airdagon

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Quote from: holden.commodore on January 23, 2018, 10:14:35 AM

https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/

Any thoughts / opinions on this TA? Sounds plausible.
I assume none of us have seen a real bubble til now: trillions of dollars.

if the completeness of the market manipulation is complete, it will not be weird anymore to reach the numbers we want it. in case it all happens there will be many who join in crypto. I think the analysis I see is not far from reality, I am very happy with this analysis that I see this. Grin

andrei56

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Quote from: MiLkz on January 23, 2018, 10:30:18 AM

If the powers to be want it to be in this range, it will happen, if they want it to go down to 4-5k it will happen Grin

The market is complete manipulation

Not everything is manipulation, yes there are forces trying to manipulate the market down but there are also forces trying to make the price to go up, besides if everything was manipulation then there will not be a concrete reason for the price to be at this level, however we know there was massive development in the previous year that caused the price to go up despite the forks the banning of icos and exchanges in China and all the things which happened in the past year, and this year seems like it is going to be just like previous one.

boyptc

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Quote from: MiLkz on January 23, 2018, 10:57:42 AM

Quote from: boyptc on January 23, 2018, 10:50:23 AM

Quote from: MiLkz on January 23, 2018, 10:30:18 AM

The market is complete manipulation

Every market has it's own manipulation, even US stocks market.

I agree that all markets have some manipulation, but crypto is like the wild west, in terms of manipulation they do not even compare

It is.

Quote from: cindygirl on January 23, 2018, 04:31:10 PM

There will still be more regulation to come across the US and Europe, Asia have been the early movers in that regard. Hopefully Europe and US will learn from those shocks though and they won't hurt the market so much.

That's expected and it will be all over the world. And sticking to the TA of the said link those regulations can have more on positive but has negative impact.

iv4n

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Quote from: Endikadija on January 24, 2018, 04:32:18 AM

Quote from: holden.commodore on January 23, 2018, 10:14:35 AM

https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/

Any thoughts / opinions on this TA? Sounds plausible.
I assume none of us have seen a real bubble til now: trillions of dollars.

What I remember about the bitcoin ATH was 20k that means if the bitcoin should reach more than 20k soon. But with these a lot of FUD and it looks impossible. There is a lot of many countries are trying to make the more restriction to trades on the exchange sites. Indian bank attempts to halt a lot of the transaction to the crypto exchange sites.and in another land south korea just like take the stir of cryptocurrency trend.

To take the next target between 40k and 110k looks doesn't make sense.

Restrictions or regulations? South Korea will van trading with anonymous accounts, that sounds reasonable. In some way regulations should keep us safe from scammers, but in some way regulations are used just for government to steal more money from us with different kind of taxes.
Target in this article is until 2019, whole year for making that happen, why not I can see this passing trough until then. Bitcoin price is dropping for a while but that doesn't make me pessimistic at all, that happened before, but now bottom is much higher, just believe, what more can I say you.

Endikadija

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Quote from: holden.commodore on January 23, 2018, 10:14:35 AM

https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/

Any thoughts / opinions on this TA? Sounds plausible.
I assume none of us have seen a real bubble til now: trillions of dollars.

What I remember about the bitcoin ATH was 20k that means if the bitcoin should reach more than 20k soon. But with these a lot of FUD and it looks impossible. There is a lot of many countries are trying to make the more restriction to trades on the exchange sites. Indian bank attempts to halt a lot of the transaction to the crypto exchange sites.and in another land south korea just like take the stir of cryptocurrency trend.

To take the next target between 40k and 110k looks doesn't make sense.

Tankdestroyer

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Quote from: timerland on January 23, 2018, 08:59:21 PM

What exactly does he have to back up his claims? This isn't technical analysis. It's just a wild guess out of nowhere in my opinion. It's just him, conveying what his opinion is of the market's direction. Nothing is guaranteed in this world, especially cryptos.

You are right but guesses are one possible scenario to happen in the future. Like what the one who posted above me said, he predicted 2014/2015 bear market and he might succeed in predicting the future again. Since technical analysis can't be applied to crypto most of the time, all analysis we share about it specially Bitcoin are mere speculations. It is as clear as day that Bitcoin is in a bubble but the get rich quick in Bitcoin hype by new users is still not yet over and for this reason his analysis is highly likely to come true.

gentlemand

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Quote from: timerland on January 23, 2018, 08:59:21 PM

What exactly does he have to back up his claims?

His previous claims. He called the 2014/15 bear market to the day pretty much. That's why his opinion has no shortage of weight around these parts.

https://bitcointalksearch.org/topic/m.3846067

timerland

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Quote from: holden.commodore on January 23, 2018, 10:14:35 AM

https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/

Any thoughts / opinions on this TA? Sounds plausible.
I assume none of us have seen a real bubble til now: trillions of dollars.

What exactly does he have to back up his claims? This isn't technical analysis. It's just a wild guess out of nowhere in my opinion. It's just him, conveying what his opinion is of the market's direction. Nothing is guaranteed in this world, especially cryptos.

I personally hate TA because it never takes in the environment around the investment. Like what the regulators are saying about it, what the media is covering about bitcoin. All it takes into account is trends and patterns which can often be wrong.

I think that $40k-100k for the peak of this bubble could happen but more likely $30-50k is going to be the peak. I just can't see 6 figures until at least 2020 as well.

cindygirl

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Quote from: Diced90 on January 23, 2018, 04:25:10 PM

Great analysis and once the price gets to these prices we should experience a less volatile market as regulations will already be put in place that i honestly think are the real price killers at the moment and once they are out of our way there is no stopping bitcoin!

There will still be more regulation to come across the US and Europe, Asia have been the early movers in that regard. Hopefully Europe and US will learn from those shocks though and they won't hurt the market so much.

Diced90

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Get'em boys

Great analysis and once the price gets to these prices we should experience a less volatile market as regulations will already be put in place that i honestly think are the real price killers at the moment and once they are out of our way there is no stopping bitcoin!

btcone111

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Quote from: Biodom on January 23, 2018, 03:30:06 PM

PentarhUdi is one of the nicks of masterluc a.k.a Bitcoin Vanga
The quoted traderview post of his is a relatively old one, he had posted lots more.
see the 'Analysis' thread in speculation. More info is there, some funny as people try to decipher (and translate) his sometimes vague, but interesting ruminations.

In addition, I found this very informative analysis:
https://medium.com/@xoelop/weve-simulated-the-bitcoin-price-for-the-whole-2018-you-won-t-believe-the-result-4a602679dac2

It predicts maximum probability of 55-58K by the end of 2018 with less than 12.9K having probability of just about 9%

Trace Mayer linked to another prediction of 62K (more likely)-115K by the end of 2018.

Well, he has this result because bitcoin, on average, has shown an increase in price for the last few years. This doesn't mean btc average return will follow the same distribution as its historical return.

holden.commodore

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He posted this TA on May 2017 and he was right about the 3k and 20k price corrections.
The only correction missing is the 5k - 3k correction but it was caused almost exclusively by the China Ban.

Biodom

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PentarhUdi is one of the nicks of masterluc a.k.a Bitcoin Vanga
The quoted traderview post of his is a relatively old one, he had posted lots more.
see the 'Analysis' thread in speculation. More info is there, some funny as people try to decipher (and translate) his sometimes vague, but interesting ruminations.

In addition, I found this very informative analysis:
https://medium.com/@xoelop/weve-simulated-the-bitcoin-price-for-the-whole-2018-you-won-t-believe-the-result-4a602679dac2

It predicts maximum probability of 55-58K by the end of 2018 with less than 12.9K having probability of just about 9%

Trace Mayer linked to another prediction of 62K (more likely)-115K by the end of 2018.

NorrisK

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I'm liking what I'm seeing in that analysis!

Doesn't seem to far fetched to me if I see how many people are experimenting with joining crypto at the moment.

uncleduckerr

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Quote from: MiLkz on January 23, 2018, 10:30:18 AM

If the powers to be want it to be in this range, it will happen, if they want it to go down to 4-5k it will happen Grin

The market is complete manipulation

Why can't both happen in the same year? It appears we may crack beneath 10k here and I wouldn't be surprised if bitcoin touched 5k then by the end of the year we were at a price tag inbetween 40-100k. That seems entirely possible and I would welcome such an event if it shakes out the weaker hands we got along on the ride.

gentlemand

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40 grand is only a doubling of the all time high. Yes it's possible. Interest will have to swell that much more and exchanges would have to up their game and reopen to newcomers for it to happen. If everything falls off a cliff before then then I expect there'll be some action around the next halving in mid 2020.

pereira4

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Quote from: MiLkz on January 23, 2018, 10:30:18 AM

If the powers to be want it to be in this range, it will happen, if they want it to go down to 4-5k it will happen Grin

The market is complete manipulation

It's not that easy. Bitcoin is a global market that never closes, opened 24/7, different forces with different agendas collide. A big government or banker group may want to crash it one side of the world, on the other side they may want to pump it... so there is no easy way to manipulate one way or another and it will be harder as we reach a several trillion market.

DustyRah

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Quote from: holden.commodore on January 23, 2018, 10:14:35 AM

https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/

Any thoughts / opinions on this TA? Sounds plausible.
I assume none of us have seen a real bubble til now: trillions of dollars.

If things were to go along TA considering a sideways movement with shrinking BB for a while, the point it breaks out of the BB we can expect a sharp rise. Going from 15k to 40k is nothing for Bitcoin. Also, its not like someone has to pay 25k for every single Bitcoin in existence to make this happen, its just the volume of the day. Any news hype can make this happen, for example Walmart accepts Bitcoin or some famous company issues ICO and so on. In fact, if Bitcoin just goes past 16k, it should be enough to start of a frenzy of buyers hoping to make a quick buck.

MiLkz

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Quote from: boyptc on January 23, 2018, 10:50:23 AM

Quote from: MiLkz on January 23, 2018, 10:30:18 AM

The market is complete manipulation

Every market has it's own manipulation, even US stocks market.

I agree that all markets have some manipulation, but crypto is like the wild west, in terms of manipulation they do not even compare

boyptc

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Quote from: MiLkz on January 23, 2018, 10:30:18 AM

if they want it to go down to 4-5k it will happen Grin

I don't see this will come.

Quote from: MiLkz on January 23, 2018, 10:30:18 AM

The market is complete manipulation

Every market has it's own manipulation, even US stocks market.

Quote from: holden.commodore on January 23, 2018, 10:14:35 AM

https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/

Any thoughts / opinions on this TA? Sounds plausible.
I assume none of us have seen a real bubble til now: trillions of dollars.

Attractive TA, I thought that it will be stable at $25k for this year but base on author's analysis, there's a chance so whenever it will reach $35,000 - $40,000 I'll start selling.

MiLkz

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If the powers to be want it to be in this range, it will happen, if they want it to go down to 4-5k it will happen Grin

The market is complete manipulation

holden.commodore

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https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/

Any thoughts / opinions on this TA? Sounds plausible.
I assume none of us have seen a real bubble til now: trillions of dollars.

Topic: The target of bitcoin lays between 40k and 100k USD (Read 428 times)