Who Else is Expecting the Ultimate Rise of Bitcoin? - page 3.

guoyu78

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Quote from: justdimin on August 22, 2019, 03:04:50 PM

The big increase in bitcoin will happen when there is a way people can spend bitcoin easily wherever they go. I know there are methods right now but none of them are that easy right now, most of them require you to give your KYC to some foreign exchange you have never used before that will open a bank account under your name with your information and basically give you a way to spend money from their website keeping btc but spending fiat while they are profiting from it as a middleman between you and the bank.

You are basically using the bank they are working with but with a middleman that you pay extra premium for. When that ends and we get a better system everywhere in the world people will start to use bitcoin everywhere and will have no reason to sell, that will make the price go up so much it will be awesome.

That is the ultimate future rise of bitcoin, and that will sure take a very long process but will eventually happen, but we have to talk about the temporary ultimate rise of bitcoin which I call the bull run. You know that bull run has a way of equally marketing bitcoin because if you see 2017, it was when bitcoin started to increase drastically that the popularity grew more than what we can imagine till the extent that people were learning about it a lot, which eventually led them total for fomo and buy at peak price.

That is part of how we will continue to get adoption until people starts to pick interest in using bitcoin for lots of their financial activities, because at one point, people will be tired of holding bitcoin and then sell, but they will never be tired of using it as payment like fiat.

DeathAngel

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The ultimate rise will come after the halving, it may take up to 18 months post halving but it will come. I hope you’re all holding coins ready for the rise.

pealr12

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Most of the predictions coming from known people that bitcoin will rise ultimately by 2020 , and may hit 200,000$ after the bitcoin halving next year. It is so imposible for bitcoin to go up that high in a short period of time, but im expecting a rally before the year ends.

Naida_BR

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Bitcoin will keep rising in value as long as the supply stays the same and the demand increases.
All we have to do is to push mass adoption to our maximum efforts and this is going to boost the price up. Mass adoption is going to bring an ultimate rise of Bitcoin, it won't happen by itself.

Slow death

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Quote from: dantee1 on August 20, 2019, 05:50:39 AM

Now, I am making another bold prediction. This time, a long-term prediction, that Bitcoin will finally hit $100,000 before December 2022. Who agrees with me on this?

honestly, I do not believe that we will see $ 100,000 in 2022, even if your argument, I speak of this argument:

Quote from: dantee1 on August 20, 2019, 05:50:39 AM

Increased Awareness - As more and more people become aware of Cryptocurrency, the demand to buy into Bitcoin will increase, and that will help push the price even higher. Report shows that only 11% of Americans currently owns Bitcoin, while 88% have heard of it. It is estimated that the percentage of Americans who will own bitcoin in 2022 may increase to 50%. If the price continues to rise base on demand, 400% increase from the current number of ownerships will put the Bitcoin price at $50,000.

Be a very good argument that makes a lot of sense, the problem is that from late 2019 to year 2022 is a very short time, if we were talking about something like 10 years from now, I'd agree with you and all the people who believe that the price can reach $ 100,000

justdimin

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The big increase in bitcoin will happen when there is a way people can spend bitcoin easily wherever they go. I know there are methods right now but none of them are that easy right now, most of them require you to give your KYC to some foreign exchange you have never used before that will open a bank account under your name with your information and basically give you a way to spend money from their website keeping btc but spending fiat while they are profiting from it as a middleman between you and the bank.

You are basically using the bank they are working with but with a middleman that you pay extra premium for. When that ends and we get a better system everywhere in the world people will start to use bitcoin everywhere and will have no reason to sell, that will make the price go up so much it will be awesome.

barbara44

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Quote from: dantee1 on August 20, 2019, 05:55:42 AM

If Facebook succeeds in Launching Libra, that may also play a part in the ultimate awareness to Cryptocurrency and indeed Bitcoin.

But as it stands, I don't think Facebook is moving ahead with the project anytime soon due to regulatory frameworks

We don’t need Facebook to release any coin for bitcoin to rise because Facebook never played any role in the last bull run of bitcoin, in fact the bull run would have been more than that if not because they were using their system to cancel and discourage ICO, now that they have come up with their own crypto, they expect them to just run smoothly.

I think they are reaping what they did to great projects then, they condemned them too and now they are being condemned also. Do unto other as you wish to be done unto, the same way that bitcoin rose to the top in that 2017 without Facebook is the way that bitcoin will rise now to the top with so many other projects that are more relevant to bitcoin market than Facebook. I am expecting this bakkt to have at least some effects.

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Quote from: Harlot on August 21, 2019, 10:57:08 AM

Quote from: dantee1 on August 20, 2019, 05:50:39 AM

If the Federal Reserve continues printing dollars exponentially, the dollar price of Bitcoin will continue to rise exponentially, so eventually it will reach $100,000 per coin. And that is what is going to happen over the next few years. Why? Because the Fed and other central banks around the world believes that printing more currency bills will help boost the economy.

Well if your prediction involves the further devaluation of USA's fiat currency then you are right that Bitcoin will go up by 100,000$. But knowing that U.S. isn't dumb enough or even their central bank to print their money "exponentially" without the demand backing them up then what they will just do is oversupply their own fiat currency which further devalues it. The rest of the factors you have stated doesn't even translate to Bitcoin increasing in price and in fact all of them are still conditional if the people really do participate in the market.

Most money is generated by the banks.
So banks do generate dollars close to exponentially.

Watch the YouTube video "the biggest scam in the history of mankind"

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I would very much like for this forecast to come true. However, I do not think that by the end of 2022 we will see bitcoin at a price of $ 100,000. Money supply in dollars is unlikely to grow so fast that, due to inflation, people begin to invest in cryptocurrencies and bitcoin could so rise in price. Moreover, it will not actually be a rise in the price of bitcoin, because the purchasing power for goods and services will also rise.

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Quote from: dantee1 on August 20, 2019, 05:50:39 AM

If the Federal Reserve continues printing dollars exponentially, the dollar price of Bitcoin will continue to rise exponentially, so eventually it will reach $100,000 per coin. And that is what is going to happen over the next few years. Why? Because the Fed and other central banks around the world believes that printing more currency bills will help boost the economy.

Well if your prediction involves the further devaluation of USA's fiat currency then you are right that Bitcoin will go up by 100,000$. But knowing that U.S. isn't dumb enough or even their central bank to print their money "exponentially" without the demand backing them up then what they will just do is oversupply their own fiat currency which further devalues it. The rest of the factors you have stated doesn't even translate to Bitcoin increasing in price and in fact all of them are still conditional if the people really do participate in the market.

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Quote from: LeGaulois on August 20, 2019, 03:48:54 PM

@dantee1

At first I wondered why so many people mentioned $100k. Then I understood why: it's because they did some statistics with the previous Halving.

Anyway, it's statistically possible, but I'll see more at the $75k level. However, if it happens, it will happen after halving. Because the climb is always visible after.

There's a lot of news that Bitcoin is totally immune to now. ET Trump is far from being an authority in this field, I wouldn't worry much as long he doesn't tweet anti-bitcoin like a freak.

Facebook has revised its ambitions with Libra, they admit that it is too difficult for them considering the current legislation. I wouldn't be surprised if the project dies before to be finished.

Facebook is in a difficult situation with Libra. Looks pretty much like it has been rejected even before the projects completion. What makes Bitcoin what it is today is the decentralized nature and no one will take away that.

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Quote from: Wilhelm on August 20, 2019, 05:11:34 PM

They sell it as Bitcoin but use the blockchain to monitor your buying activity (between shops) and keep track of your balance. They want to centralize the information and decentralize it’s use. Maximize advertisements based on your buying habits. Sell your buying habits....
It’s the evil twin of tracking cookies...

Agreed. Their main goal is to trick average joes into thinking that this is a fantastic alternative to the fiat they usually spend, because hey, it's a hot new crypto thingy, right?

They have wisely leveraged the momentum around crypto, which I can't blame them for because their roadmap is clear-- they want your data and sell it to the highest bidder. It's what Facebook has always done.

Too bad people as stupid as they are allow themselves to be used as a product. I don't have a Facebook account and never will have one, or at least, not with my personal information attached to it.

Wilhelm

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Quote from: Artemis3 on August 20, 2019, 09:35:09 AM

Quote from: dantee1 on August 20, 2019, 05:55:42 AM

If Facebook succeeds in Launching Libra, that may also play a part in the ultimate awareness to Cryptocurrency and indeed Bitcoin.

But as it stands, I don't think Facebook is moving ahead with the project anytime soon due to regulatory frameworks

Can't you understand that the reason Libra (and many others) could be stopped on a whim is the very reason it fails as a coin? Its centralization is its downfall. Some people are yet to understand this, and want to force their beliefs into what they have known all their lives, that is, fiat, into crypto. This is the mistake made by Zuckerberg and many others.

Just the fact that you are saying in your own sentence that Libra might be stopped by a government, should tell you right away that Libra is doomed.

Nobody can stop Bitcoin. Get it? This is why bitcoin is valuable, while Libra never will. If it can be shutdown, it is worthless. Or, are you going to put your savings into something, that tomorrow might be no more? Then stick to fiat...

My take on it...

They sell it as Bitcoin but use the blockchain to monitor your buying activity (between shops) and keep track of your balance. They want to centralize the information and decentralize it’s use. Maximize advertisements based on your buying habits. Sell your buying habits....
It’s the evil twin of tracking cookies...

figmentofmyass

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Quote from: dantee1 on August 20, 2019, 12:54:14 PM

Quote from: figmentofmyass on August 20, 2019, 10:54:48 AM

Quote from: dantee1 on August 20, 2019, 05:50:39 AM

In January 2016 when Bitcoin was trading around $300+, I predicted it was going to bump to $1,000 by the next January (2017). It almost did as Bitcoin ended January 2017 at more than $900, few dollars shy of my actual prediction. Then I predicted again it was going to hit $20,000 in December 2017. Again, my prediction came short with less than $400 USD at $19,650 in 15 December 2017.

Date Registered: October 13, 2018

registration date checks out. proof or it didn't happen.

You must be one hell of a myopic human being. The date I registered at Bitcointalk is an indicative of when I started dealing with Bitcoin? Seems you really loves making "figment of your ass" for sure.

"proof or it didn't happen"---that was the point. it's convenient that these amazing past predictions are unverifiable. why bother telling us about them at all? why would anyone believe you? as far as we're concerned, you're just a random here.

nothing wrong with that---but just make your prediction and move on. no need for grandstanding. Kiss

LeGaulois

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@dantee1

At first I wondered why so many people mentioned $100k. Then I understood why: it's because they did some statistics with the previous Halving.

Anyway, it's statistically possible, but I'll see more at the $75k level. However, if it happens, it will happen after halving. Because the climb is always visible after.

There's a lot of news that Bitcoin is totally immune to now. ET Trump is far from being an authority in this field, I wouldn't worry much as long he doesn't tweet anti-bitcoin like a freak.

Facebook has revised its ambitions with Libra, they admit that it is too difficult for them considering the current legislation. I wouldn't be surprised if the project dies before to be finished.

Quote from: aylabadia05 on August 20, 2019, 07:45:38 AM

...

ICOs are just garbages

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Quote from: Hamphser on August 20, 2019, 03:24:10 PM

Everyone is expecting the ultimate rise ahead when it's 2-3 years from now we still really don't know yet if bitcoin will reach $100,000. I wouldn't expect too much yet since it is just a pure speculation without basis. Everything will change in the future and everything in the media/news will affect the changes of the price.

Absolutely true. Almost everyone I know in the cryptosphere is extremely bullish in the long term (as am I) which makes things a bit crowded on that end, though I could definitely see that happening and perhaps as low as $20k in a couple years though. We're still making slow but steady progress towards that number in the meantime, and the tech involved is only going to get better with time. I've been dollar cost averaging for the last few months and I will continue to do so for the forseeable future.

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Quote from: crzy on August 20, 2019, 08:01:47 AM

Who wants here to see the price dumping until it dies?

Of course none, so in short we all expecting for the price of bitcoin to go up to the moon where everyone use this as a mode of payment. Bitcoin can go high its the goal of everyone, I’m still confident that it can recover and this is the new era of our money.

Everyone is expecting the ultimate rise ahead when it's 2-3 years from now we still really don't know yet if bitcoin will reach $100,000. I wouldn't expect too much yet since it is just a pure speculation without basis. Everything will change in the future and everything in the media/news will affect the changes of the price.

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Quote from: btc78 on August 20, 2019, 02:13:18 PM

Quote from: Fedice on August 20, 2019, 08:16:19 AM

We hope that Bitcoin keeps moving from strength to strength as the future of currency. We simply wants stability, not necessarily non stop upwards movement. Many industry experts are predicting $100k in the next few years and there are some credence to that. Here's another bold prediction from Anthony Pompliano.

Quote

The bitcoin price will soar to $100,000 in the next two and a half years. That’s the aggressive price target from Anthony Pompliano, co-founder and partner at Morgan Creek Digital.

If his prediction is correct, bitcoin would hit a $2 trillion market capitalization. That’s about a third of gold’s current market cap and 1/40 of the worldwide money supply. ‘Pomp’ cites a 70-75 percent conviction in his prediction.

If this will happen then I’ll become a millionaire in our own currency?then I will be waiting 😂

I a always positive about the future of bitcoin as a never stop holding (but in some cases I sell and buy again the next drop of price and I think normal for small investor)now what I am waiting is even smaller than 100$k,I think after halving we can see more growth and surpass the recorded highest price last December

Hope you remember me when you do become a millionaire in your currency? Roll Eyes

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Quote from: Fedice on August 20, 2019, 08:16:19 AM

We hope that Bitcoin keeps moving from strength to strength as the future of currency. We simply wants stability, not necessarily non stop upwards movement. Many industry experts are predicting $100k in the next few years and there are some credence to that. Here's another bold prediction from Anthony Pompliano.

Quote

The bitcoin price will soar to $100,000 in the next two and a half years. That’s the aggressive price target from Anthony Pompliano, co-founder and partner at Morgan Creek Digital.

If his prediction is correct, bitcoin would hit a $2 trillion market capitalization. That’s about a third of gold’s current market cap and 1/40 of the worldwide money supply. ‘Pomp’ cites a 70-75 percent conviction in his prediction.

If this will happen then I’ll become a millionaire in our own currency?then I will be waiting 😂

I a always positive about the future of bitcoin as a never stop holding (but in some cases I sell and buy again the next drop of price and I think normal for small investor)now what I am waiting is even smaller than 100$k,I think after halving we can see more growth and surpass the recorded highest price last December

hugeblack

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How long we view success is a measure of BTC against USD.
Success is starting to rely on BTC as a reference value, not reaching the price of millions of dollars.

If Bitcoin is not used as currency, there will be no difference between the value of one BTC per 1 USD and 1 satoshi per 1 USD.
Success in the application of daily use with cheap fees.
Achieving integrated decentralized payment systems is the dream.

Generally, I don't expect more than $ 20,000.

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