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Topic: Who Else is Expecting the Ultimate Rise of Bitcoin? (Read 827 times)

hero member
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Temporary forum vacation

When the price can go down below than $10k, that means the good time is coming to you so you can use the chance to buy more bitcoin. And I am sure that many people are waiting for the next rising of bitcoin price and they want to see bitcoin price reaching the highest price ever.

Logical of course,,, but the thing is nobody knows for sure what will happen with the price. You and me we are bitcoin hodlers so we of course hope for much higher directions but I cannot blame anyone who does not want to take the risk. At 10k price, $100 only buys you 0.01 BTC and this puts so many people off I guess.
legendary
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Leading Crypto Sports Betting & Casino Platform
~snip~

They are very good predictions, the truth has been a great success as soon as you have prophesied, it really seems interesting that you affirm that when printing more FIAT money, the products will increase in price and if, in fact, that is what can happen, but I think that not matching the amount of , but printing so many dollars would become an inorganic money and what it produces is a level of inflation, which obviously must be offset by the increase not only of goods but of everything in general.

This is a strong economic consequence, although in fact when it is observed that the country with an inflation of (1-3)% causes imminent alarm in its economy, in fact there is much speculation about a possible fall or decline of the world economy. .

Some investors and important people in the world have taken as a main option the purchase of gold, and that is where the importance of Bitcoin comes into play, because it represents a deflationary economy and when this type of economic anomalies arises, owning Bitcoin is the best option , because it protects itself from inflation and is one of the best attackers that the average person can take to defend against any economic crisis.

In this context and seeing the events that are happening today, through a simple inspection and analysis of the Bitcoin movement, it is expected to begin its upward trend stage, if we take into account that, according to many theories, the market moves with the accumulation and In the distribution stage, we can add that we are starting a point of upward trend, and we should take as a reference the problems in countries like Venezuela and Argentina, where their inflation is monumental and there is only a bitcoin release due to exchange control that currently exists in Argentina. On the other hand, there is the launch of BAKKT that greatly helps to generate more demand and, as demand increases, supply decreases, Bitcoin begins to rise in price, of course, this happens in unexpected ways, because certain movements You can expect prices, maybe some fall, but the trend will be in a bullish environment.

In this analysis you can see a channel with bullish trend sense:


Source:https://www.centralcharts.com/es/6863-btc-usd/analysis/58120-btc-usd-1h
sr. member
Activity: 2436
Merit: 343

On the contrary, there are some people who are waiting for Bitcoin to drop to the lowest minimum so that they can buy at a cheaper rate and such people are always spreading fake news around the crypto community. And those who are of the believe anxious for Bitcoin market value to increase are currently some unit of Bitcoin and is why they are clamuring for increase in the market value of bitcoin.
Lest have to think it 50% wanting Bitcoin to dumps and 50% also we'd love to see Bitcoin at pumps. This is the reason why bitcoin price is just like a roller coaster and its volatility remains cause we never have the same goal towards bitcoin. We have to understand that the main reason why people come crypto especially for bitcoin is to earn money.
hero member
Activity: 1190
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15K is not a level we should be aiming right now, we have been going under 10k too many times in a row and I am afraid that it will happen again and when the next time it happens it may fall down way below 9 thousand as well and that is not something we can handle right now.

We should totally focus on moving beyond 10 thousand and staying there, we already moved beyond 10 thousand but we are still fragile, maybe going over 12 thousand and staying there for some weeks would be better, not the best but at least better. After that we can actually rally up to 14 thousand and if we can manage to stay around 14 thousand (a bit over or a bit lower doesn't matter) than we can try to go over 15, but until we fix this under 10 thousand all the time issue we can't even think about 15 thousand yet.
member
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If you think bitcoin will go down even more than you are wrong because most of the time the ups and downs happen all at once so when it dropped if it dropped only this much that means it stopped dropping, if it were to drop more it would have happen already so it will definitely go up.

The price is already moving up since 48 hours ago after it touched the support around $9,600 or thereabout. It is still a good time to buy because a resistance broken at $12,500 means further upward to $15,000
hero member
Activity: 2562
Merit: 586
Market has been unpredictable, when people expect, most likely the opposite will happen.
When we were expecting crypto will recover last year, things went the opposite way as the market were even getting worse.
Now, at the start of the year, people are still to emotionally attached with the ending of 2018, but didn't expect bitcoin will rise and some altcoins will show some good signs, but there was a good news and that brought bitcoin at the current state.

In short, what we have to do is to continue to believe but don't expect short term gain.
We can hold calmly if we believe because even if it will dump again, we will still be confident that the right time will come the market fully recovers.
That causes a lot of traders to lose money though. I mean I love it when bitcoin is expected to fall than a whale comes up and price suddenly skyrockets but I hate it when we expect it to go up than someone like Craig comes in and sells thousands of bitcoin to make it go down. This is why we are so tender when it comes to price of bitcoin, even when its going up we are super careful and when it starts to go down we all sell to make a buck and get away from the loss, so it caps bitcoin at a certain price and not making it go even further higher, if we were brave we would have been over 20k by now but we are not because we have no clue what the price of bitcoin will do.

It is unpredictable which makes sure these "get rich quick" dudes do not make the profit they are looking for and that is good but it hurts real investors as well.
sr. member
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1xbit.com
The post is worth of reading.
Now lets come to your question.
Who really doesn't like Bitcoin to rise up?
We all want Btc to rise up so that we can sell our coins in higher prices.
Nevertheless it will happen soon in the near future.
We need to now just wait and watch.
Wish us good luck.
hero member
Activity: 3052
Merit: 606
Every good thing happens when you least expected. Dont expect for the  instant rise of bitcoin, just wait cause it will happen on the right day and on the right time.
Market has been unpredictable, when people expect, most likely the opposite will happen.
When we were expecting crypto will recover last year, things went the opposite way as the market were even getting worse.
Now, at the start of the year, people are still to emotionally attached with the ending of 2018, but didn't expect bitcoin will rise and some altcoins will show some good signs, but there was a good news and that brought bitcoin at the current state.

In short, what we have to do is to continue to believe but don't expect short term gain.
We can hold calmly if we believe because even if it will dump again, we will still be confident that the right time will come the market fully recovers.
hero member
Activity: 2842
Merit: 772
Every good thing happens when you least expected. Dont expect for the  instant rise of bitcoin, just wait cause it will happen on the right day and on the right time.
Or just let the market goes on its normal flow, no artificial pump or something and then let's see how it goes, if it reaches another all time high then good for everyone here. If not, still a win situation for us specially those who are willing to wait and hold on it for the next four years or so.

Bull run will eventually happen here, ultimately when everyone doesn't expect something big to happen, suddenly bitcoin will go on a rise, we have seen this happen multiple times in the past so I wouldn't surprised if by next year suddenly the price goes on another parabolic reaching a new all time high. So let's see and have more patience in 2020.
hero member
Activity: 1092
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For now, you can buy Bitcoin at any price and the only way to becoming wealthy is to hold for the long term. Time is coming maybe the next two to three years when you will see Bitcoin above $100,000. We have seen much discussion about Bitcoin now all over the Internet and media's houses are running documentary about bitcoin now than before and all this is going to be transmitted into good price some years from now.
It is a great idea, but there are still so many opportunities to make money in bitcoin which is not tied to holding alone, even as a trader, if you are dedicated and you are trading with the current value of 1 btc, you could even make more than that $100k before that 3 years, the only thing with holding is that it eases all the tension in trade and all the sitting on computers 24/7 trying to money charts, but if you dent mind, and you have all the important strategies, then trading too can also be a way of making such money.

I am not typically advising against holding because i am also an holder while I do the trading also, it is better to have both because it Is quite even hard to see someone with 1 BC not sell it the moment the price of bitcoin crosses over $20k because they have not forgotten the event if the last bull run.
I have been very bullish about the crypto market especially about Bitcoin and this is going to rise higher and higher and I believe that the coming halving will enable the coin to rise and surpass millions of dollars. Another halving in 2024 will be yet another reason of surge to the coins value. This is going to be the coin of the future and has been great so far.
Right. We definitely had that sought of scenario prior and post halving. My take on the question is more economic. I talk about the limited stock of Bitcoin available. We have already mined around 17m of the coins so far and we are not left with a huge stack now. In 2024, the available coins to be mined would be around 15% and fall in supply is rise in price.
sr. member
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Buy $BGL before it's too late!
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.

I'm sure that expectation will be high for the halving but don't be surprised that price might start increasing even before this year runs out. I just saw price below $10,000 now while it was $10,200 few hours ago. Bitcoin is highly unpredictable coin.
It's not a new thing anymore, volatility is part of this industry so who knows what can happen after, there's people who's calling for a big bull to comes up anticipating that it can happen even before the halving comes, if there's more good news to show up before next year's halving then the possibilities that  it can happen and brings the momentum high for higher value will be experience.
From that fluctuation we realize that fluctuations make price changes unpredictable and can fly and move anywhere. High expectations are not a matter in this case, when you see fluctuations have started to attack the market. especially if the fluctuations have moved because of positive news and trends, we will see the high prices happen.
Which is what we are mostly looking, as market will bounce high when good news are being published, most investors are still following the trends that if there's good upcoming or ongoing positive movements more investment will be invested inside the market, it will help lifting everything up and with that it will also captures the eyes of new investors making it more possible that new high will be expected to happen.
hero member
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Every good thing happens when you least expected. Dont expect for the  instant rise of bitcoin, just wait cause it will happen on the right day and on the right time.
legendary
Activity: 2338
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Right now could be the best time to buy as much bitcoin as possible, I mean we are talking about under 10 thousand with a huge upside potential that could go as high as 12 thousand dollars and that wouldn't be even unrealistic for bitcoin, it could go above 14k if we are going to be super optimistic about it but being a realist I can say at least 10k is possible with some change on top of that so we are talking about close to 10% profits if you buy right now, I mean even if not 10% it could be 5%+ for sure without a doubt.

If you think bitcoin will go down even more than you are wrong because most of the time the ups and downs happen all at once so when it dropped if it dropped only this much that means it stopped dropping, if it were to drop more it would have happen already so it will definitely go up.
hero member
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I consider that it still a good time to buy bitcoin at the current price because if your prediction is happening in the future, then we will never see this price again. So when we can see the price is going to lower than the price before, we can buy more bitcoin at a low price. You don't have to buy a whole 1 bitcoin directly, but you can buy in a small part of bitcoin so you can buy bitcoin over and over at various price. But you should be careful because sometimes the price will go to the lower price than the price now, so you need to manage your order buy.

When the price can go down below than $10k, that means the good time is coming to you so you can use the chance to buy more bitcoin. And I am sure that many people are waiting for the next rising of bitcoin price and they want to see bitcoin price reaching the highest price ever.
sr. member
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For now, you can buy Bitcoin at any price and the only way to becoming wealthy is to hold for the long term. Time is coming maybe the next two to three years when you will see Bitcoin above $100,000. We have seen much discussion about Bitcoin now all over the Internet and media's houses are running documentary about bitcoin now than before and all this is going to be transmitted into good price some years from now.
It is a great idea, but there are still so many opportunities to make money in bitcoin which is not tied to holding alone, even as a trader, if you are dedicated and you are trading with the current value of 1 btc, you could even make more than that $100k before that 3 years, the only thing with holding is that it eases all the tension in trade and all the sitting on computers 24/7 trying to money charts, but if you dent mind, and you have all the important strategies, then trading too can also be a way of making such money.

I am not typically advising against holding because i am also an holder while I do the trading also, it is better to have both because it Is quite even hard to see someone with 1 BC not sell it the moment the price of bitcoin crosses over $20k because they have not forgotten the event if the last bull run.
I have been very bullish about the crypto market especially about Bitcoin and this is going to rise higher and higher and I believe that the coming halving will enable the coin to rise and surpass millions of dollars. Another halving in 2024 will be yet another reason of surge to the coins value. This is going to be the coin of the future and has been great so far.
Maybe this 2020 will be benchmark for bitcoin price. Did halving still really affect on pumped price of bitcoin. Because if it still make big affect, there will be big possibilities if 2024 or actually i don't know when next halving and just follow what you said if 2024 will be halving. Because people's interest about bitcoin will be bigger and make demands increased too.
hero member
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I have been very bullish about the crypto market especially about Bitcoin and this is going to rise higher and higher and I believe that the coming halving will enable the coin to rise and surpass millions of dollars. Another halving in 2024 will be yet another reason of surge to the coins value. This is going to be the coin of the future and has been great so far.
The real future is even beyond those years that you talked about, there is nothing in those years compared to what bitcoin future will look like in the next 10 years, within the next ten years, there are so many development that would have happened and make bitcoin root to become grounded and firm and the value of bitcoin will continue to rise till it reaches the peak and I know that in ten years’ time, bitcoin price would have reached close to or over 1 million dollars.

Now let us imagine what we will be saying about our investment by then. The long run of bitcoin is what really pays and will pay those who believe in its ultimate rise now and also in the future. From next year, things will really change in the crypto space.
sr. member
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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.

I'm sure that expectation will be high for the halving but don't be surprised that price might start increasing even before this year runs out. I just saw price below $10,000 now while it was $10,200 few hours ago. Bitcoin is highly unpredictable coin.
It's not a new thing anymore, volatility is part of this industry so who knows what can happen after, there's people who's calling for a big bull to comes up anticipating that it can happen even before the halving comes, if there's more good news to show up before next year's halving then the possibilities that  it can happen and brings the momentum high for higher value will be experience.
From that fluctuation we realize that fluctuations make price changes unpredictable and can fly and move anywhere. High expectations are not a matter in this case, when you see fluctuations have started to attack the market. especially if the fluctuations have moved because of positive news and trends, we will see the high prices happen.
hero member
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I believe we are given a lot of opportunity to buy, and that includes the situation now, the thing is, people does not make a research and they just fully focus on the present situation, if they'll study the trend, for sure they will understand how big the potential of bitcoin is.

Bitcoin has been a dominant currency and I don't think that will change anytime as it has proven to dominate the market of close to 70%, so it will die anytime, in fact the adoption that you are talking is gonna happen in the long run, awareness is very important and I believe the government are already starting to regulate crypto and this would help for easy adoption, people will be confident with adoption and I see we are going to that scenario in the future.
legendary
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I think traders are really waiting for a move and that is expected of them. Not that any sensible long term investor is expecting anything big but traders make their earning from daily trades and that requires movements all the time, bitcoin has to go up and down constantly so they could make some profit. That means there are "some" people who are sick of bitcoin not moving, not the general public, not the bitcoin community as a whole but there are "some" which is the trader block of bitcoin world.

They are not minority neither there are a ton of them and they are vocal about their situation so they get more mainstream attention as well. So maybe bitcoin has been stable for far too long since there is a good amount of people who are expecting it to make some move.
legendary
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2020 seem to be the year price increases not because we believe halving would have any affect but because we have seen bitcoin do this before, in 2013 it was low and in 2014 it went super high and 2015 was low year whereas 2016 became a bit better and then 2017 became peak, now the same 2016 was lower than now, 2017 was peak, 2018 was low year and 2019 became bit better and in 2020 it should increase with same logic, then 2021 a bad year, 2022 a bit better and 2023 again another good year. If the cycle continues forever then we will see this continue every 3 years, one bad, one better, one best.

I see 2020 as a very good year because people who have saved bitcoin as much as they can are sick with price standing still and they will increase price a lot to take their profit.

Well if that's what really happens then I should open up a channel with my mate LFC_Bitcoin, because I think we've been saying for a long time that 2020 is the earliest we can expect a true recovery. This year's climb has been great, make no mistake, and I'm happier than most it's tapered off at such a wonderfully round sum of 10k.

Whether or not we believe in the repetitive nature of cycles, and whether or not we agree that there's room for a few more ATHs, the overheating in 2017 needed a lot more time to cool down. And for a true crypto winter to happen it would need much more despair and a true purging of optimism. Neither really happened by the time the last few months of uptake took place.

If anything, this jumping of the gun probably delayed 2020's true crypto spring.

And wow, why am I using all these terms? The psychology works!
sr. member
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We should better accumulate more Bitcoin as much as we can if this ultimate price would show up then it would be an instant easy profit. Though the pressure of waiting is something that's not unbearable but if you really want it then you should be willing to wait. No matter how long the length of time that you have to endure in order to get the ultimate price of Bitcoin.
legendary
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Well, we have Bakkt Bitcoin futures trading to launch in September 23. Any moment now we may expect Bitcoin to start a rally. Also, the reward halving is less than a year away.
As far as we know it's just the intention that they have of launching at that day. It wouldn't surprise me if they end up delaying the launch for whatever reason to work on some things in the background.

For such a well respected entity in the financial world as I.C.E they have been quite amateurish with their Bakkt subsidiary. Throwing with launch dates without a CFTC approval was one of their ugliest mistakes.

As for the rally you're expecting to see, we probably have seen the price already have these events priced in. In most cases investors and traders front run events well before they actually take place.
member
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If you're short to mid-term minded, then at least wait for the first physical ETF approval. This could be a huge catalyst for the price.

I also think alike for such price to be sustainable, otherwise that kind of price might not come to stay. If that happens, then you see institutional investors buying in and not even bitcoin but altcoins.
legendary
Activity: 2170
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I see 2020 as a very good year because people who have saved bitcoin as much as they can are sick with price standing still and they will increase price a lot to take their profit.

We have been through a badass bull run this year, who besides get rich quick noobs are sick because the price isn't moving?

Most of the Bitcoiners I know actually like the price to stay relatively stagnant so that they can get more or less the same number of satoshis for their monthly or bi-weekly fiat allocation. It sucks hard when you see the price go up and get fewer and fewer satoshis every single time you enter. The goal is 2030 and beyond for those who really believe in the long term value of Bitcoin.

If you're short to mid-term minded, then at least wait for the first physical ETF approval. This could be a huge catalyst for the price.
legendary
Activity: 3080
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For now, you can buy Bitcoin at any price and the only way to becoming wealthy is to hold for the long term. Time is coming maybe the next two to three years when you will see Bitcoin above $100,000. We have seen much discussion about Bitcoin now all over the Internet and media's houses are running documentary about bitcoin now than before and all this is going to be transmitted into good price some years from now.

I would say the media is still biased against Bitcoin or crypto in general. This has been the state of crypto journalism, we have seen a lot of not so good news coming from them and not even verifying the source. So I wouldn't factor media as contributory to the cause of crypto rising in the next two to three years. I would say the people around the world see Bitcoin as one good asset that is why up to this year we are still performing better, much better as compare to the altcoin market.
legendary
Activity: 2464
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For now, you can buy Bitcoin at any price and the only way to becoming wealthy is to hold for the long term. Time is coming maybe the next two to three years when you will see Bitcoin above $100,000. We have seen much discussion about Bitcoin now all over the Internet and media's houses are running documentary about bitcoin now than before and all this is going to be transmitted into good price some years from now.
It is a great idea, but there are still so many opportunities to make money in bitcoin which is not tied to holding alone, even as a trader, if you are dedicated and you are trading with the current value of 1 btc, you could even make more than that $100k before that 3 years, the only thing with holding is that it eases all the tension in trade and all the sitting on computers 24/7 trying to money charts, but if you dent mind, and you have all the important strategies, then trading too can also be a way of making such money.

I am not typically advising against holding because i am also an holder while I do the trading also, it is better to have both because it Is quite even hard to see someone with 1 BC not sell it the moment the price of bitcoin crosses over $20k because they have not forgotten the event if the last bull run.
legendary
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2020 seem to be the year price increases not because we believe halving would have any affect but because we have seen bitcoin do this before, in 2013 it was low and in 2014 it went super high and 2015 was low year whereas 2016 became a bit better and then 2017 became peak, now the same 2016 was lower than now, 2017 was peak, 2018 was low year and 2019 became bit better and in 2020 it should increase with same logic, then 2021 a bad year, 2022 a bit better and 2023 again another good year. If the cycle continues forever then we will see this continue every 3 years, one bad, one better, one best.

I see 2020 as a very good year because people who have saved bitcoin as much as they can are sick with price standing still and they will increase price a lot to take their profit.
hero member
Activity: 2912
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For now, you can buy Bitcoin at any price and the only way to becoming wealthy is to hold for the long term. Time is coming maybe the next two to three years when you will see Bitcoin above $100,000. We have seen much discussion about Bitcoin now all over the Internet and media's houses are running documentary about bitcoin now than before and all this is going to be transmitted into good price some years from now.

But I guess if we want to sell bitcoin at that price, we need to wait for a long time and I don't think that many people can wait for a long time. But we have so many chances to buy and sell bitcoin at any price and save some bitcoin for a long time. We can use that bitcoin to trade to make a profit, and on another side, we are preparing the bitcoin to be sold at the very highest price in the future. All people who involved in the cryptocurrency wants to see bitcoin price can reach the very highest price. And that price will be out of our expectation because bitcoin can reach any highest price.
sr. member
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For now, you can buy Bitcoin at any price and the only way to becoming wealthy is to hold for the long term. Time is coming maybe the next two to three years when you will see Bitcoin above $100,000. We have seen much discussion about Bitcoin now all over the Internet and media's houses are running documentary about bitcoin now than before and all this is going to be transmitted into good price some years from now.
legendary
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Well, we have Bakkt Bitcoin futures trading to launch in September 23. Any moment now we may expect Bitcoin to start a rally. Also, the reward halving is less than a year away.
sr. member
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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.

I'm sure that expectation will be high for the halving but don't be surprised that price might start increasing even before this year runs out. I just saw price below $10,000 now while it was $10,200 few hours ago. Bitcoin is highly unpredictable coin.
It's not a new thing anymore, volatility is part of this industry so who knows what can happen after, there's people who's calling for a big bull to comes up anticipating that it can happen even before the halving comes, if there's more good news to show up before next year's halving then the possibilities that  it can happen and brings the momentum high for higher value will be experience.
sr. member
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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.

I'm sure that expectation will be high for the halving but don't be surprised that price might start increasing even before this year runs out. I just saw price below $10,000 now while it was $10,200 few hours ago. Bitcoin is highly unpredictable coin.
During the last time halving we experienced the price grow higher after the days. This time there is good growth happening even before several months. This way the price increase might get carried forward for 2020 or this can happen after the days of halving same as the past. However there is something a big increase in the price is the expectation of majority of the users.
sr. member
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If Facebook succeeds in Launching Libra, that may also play a part in the ultimate awareness to Cryptocurrency and indeed Bitcoin.
Certainly right on this mate because all we need is exposure and trust from the community outside crypto and with Facebook(Libra coin)people will get to know close about crypto and may learn also the advantage and benefits of bitcoin and alts for the world not only for this community and their fears of being scamming will be out of place
Quote

But as it stands, I don't think Facebook is moving ahead with the project anytime soon due to regulatory frameworks
With the stand of US president Trumo about cryptocurrency specially bitcoin and Libra I think this will take some times before being released
legendary
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I still think 60 thousand dollars is quite possible because 1 trillion dollar market cap for bitcoin is not out of question. That is the
limit for now though, of course with time the price could go up even further but right now I think 60k is what it can max become, all those 100k or so estimates look too much for me, between 60k and 100k there is a lot of money to be made and people would sell their bitcoins and it would be hard to buy because it would require a lot of money to get them.

Hence, I think 60k is very realistic, 1 trillion dollar market cap (it is 55k price point I think but giving it a bit more leeway) is something literally 10% of a nasdaq or that type of stock markets and this is global so reaching those levels shouldn't be that difficult if the whole world starts to join in.
legendary
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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.

I don't think Bitcoin will come to 100,000$ price especially not so soon. In fact I find such prediction exaggerated and not very likely to come true although we have learned that everything is possible with Bitcoin.
Bitcoin is marked with volatility, corrections are happening all the time and expecting only price rise and huge price rise isn't realistic.
full member
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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.

I'm sure that expectation will be high for the halving but don't be surprised that price might start increasing even before this year runs out. I just saw price below $10,000 now while it was $10,200 few hours ago. Bitcoin is highly unpredictable coin.
legendary
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Most of the predictions coming from known people that  bitcoin will rise ultimately by 2020 , and may hit 200,000$  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.
Most likely there's a lots of speculations that rounding around the market talking about the rise and how things will go further when the halving comes, it's still the users and investors will make things possible whether it will pull the trigger on and lift this market back to the bull and bring the value to rise high and make a new record as how investors wanted it to happen.

the thing about halving is that when it happens, the rate at which new coins enter circulation reduces by 50% so in a way it is cutting the new supply by half. and since the "new demand" is increasing, that reduction disturbs the balance that existed before hence leading to a price rise to reach another balance between the two factors.
everything else like the rise prior to halving is pure hype and will be small. the real rise is always coming after the halving.
full member
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Let's see if all your prediction was real.

I held a seminar where I encouraged people to start saving up some Bitcoin, that the price was going to hit $10,000 within the next 12 months.

You said you started a seminar? Don't you do video recording on those kind of events? I mean there is a lot of people there right? This could prove all that you said was true. Or else, you are going to see a lot of bashing from veterans here.
It is just so good to be true right?

Another question. Why now? You had been right for like 3 times before the last one. Is there a purpose for this kind of act?

Well, I'd love to see his video also, if he never does he is just closely saying for nothing.

Furthermore, the rise of bitcoin is absolutely unpredictable and never see's when. Even halving may come, can't be sure that it will bring a huge impact into the market demand making prices to soar high as we want to be.
It for sure it will move high, but it can be sooner or later.
hero member
Activity: 3052
Merit: 651
Let's see if all your prediction was real.

I held a seminar where I encouraged people to start saving up some Bitcoin, that the price was going to hit $10,000 within the next 12 months.

You said you started a seminar? Don't you do video recording on those kind of events? I mean there is a lot of people there right? This could prove all that you said was true. Or else, you are going to see a lot of bashing from veterans here.
It is just so good to be true right?

Another question. Why now? You had been right for like 3 times before the last one. Is there a purpose for this kind of act?
hero member
Activity: 2548
Merit: 572
#SWGT CERTIK Audited
I am agree with bitcoin will get ultimate rise, but for how much it will b e or maybe $100.000 maybe it is too high for that time. Need a lot of money to pump bitcoin price to that high and a lot of investors money already drained in ICO. I actually know and understand there are a lot of rich people out there who can do that and easily do that. But to make them believe bitcoin can be really good asset to make an investment, it is hardest thing to do. Maybe for next halving it can be around $40.000 or maybe $50000 and then bitcoin price make correction again.
hero member
Activity: 1190
Merit: 541
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.
legendary
Activity: 3304
Merit: 1617
#1 VIP Crypto Casino
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.
hero member
Activity: 1946
Merit: 502
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.
member
Activity: 980
Merit: 62
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.
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
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:

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
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
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.
hero member
Activity: 2548
Merit: 605
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.
legendary
Activity: 1652
Merit: 1265
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"
sr. member
Activity: 2352
Merit: 245
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.
hero member
Activity: 1806
Merit: 672
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.
member
Activity: 182
Merit: 31
@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.
legendary
Activity: 1526
Merit: 1179
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.
legendary
Activity: 1652
Merit: 1265
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...
legendary
Activity: 1652
Merit: 1483
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. Wink

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
copper member
Activity: 2940
Merit: 4101
Top Crypto Casino
@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.

...

ICOs are just garbages
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!

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.
sr. member
Activity: 2604
Merit: 338
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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.
member
Activity: 182
Merit: 31
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
full member
Activity: 2520
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Eloncoin.org - Mars, here we come!
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

legendary
Activity: 2702
Merit: 4002
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.
hero member
Activity: 2996
Merit: 609

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?

it's not a bold prediction. it's actually quite conservative. a mere 500% above the last ATH, in a 2.5 year time frame? many people have already made the same prediction.
Yeah lots made their prediction but moving out that level on for a couple of years? I don't think that it would reach out.

Well,we do have our own insights or inputs but these numbers are way too exaggerated.Expecting for price rise? Everybody on this crypto market
does hope for such event.
member
Activity: 182
Merit: 31
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. Wink

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.
legendary
Activity: 1652
Merit: 1483
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. Wink

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?

it's not a bold prediction. it's actually quite conservative. a mere 500% above the last ATH, in a 2.5 year time frame? many people have already made the same prediction.
legendary
Activity: 2030
Merit: 1569
CLEAN non GPL infringing code made in Rust lang
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...
sr. member
Activity: 882
Merit: 282
Who wants here to see the price dumping until it dies?

We are all here to see bitcoin growing and even today if it hit $100,000?  we would all celebrate it.
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
The Facebook coin(libra) if launched it is going to determine the future of bitcoin and since the issue of libra come to the limelight in may bitcoin gained more than any issues in history. Libra discussion across the world especially in the political arena has brought bitcoin into the mind of the elites, politicians, and investors. The bakkt launch that will probably take place in one month time may give Bitcoin a long time investments from institutional investors too.
sr. member
Activity: 700
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Those are actually great statements and i agree with you. Although not about one part, which is the effect of usd. Well if bitcoin price increases because the bank prints more money, and the price of goods increase, then well btc price maybe increase too but it won't make the value become higher because of the inflation. It will remain the same. But maybe if many people become more aware of btc and start to buy them which increase demand, then we can expect bitcoin price to rise higher and it will be great if it can touch 100k. Better hold and invest now then, before btc is too expensive to buy.
jr. member
Activity: 45
Merit: 28
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.
full member
Activity: 2128
Merit: 180
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.
hero member
Activity: 1540
Merit: 772
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. After that, Bitcoin began a downward spiral and people started panicking. Everyone was prediction the end of Bitcoin.

Then again, in 14th December 2018 when Bitcoin was trading at $3,100, I held a seminar where I encouraged people to start saving up some Bitcoin, that the price was going to hit $10,000 within the next 12 months. Everybody in the room thought it was a joke. Here we are, just 9 months after the prediction, Bitcoin has traded at $11,000+. It is important to note that I made those predictions base on pure instincts and by observing market trends.

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?

I was expecting Bitcoin to crash in July this year when Trump Tweeted his lack of faith in Cryptocurrency, but it didn't. That was a clear indication that Bitcoin has come of age. That no single person nor single policy is capable to bring the price down, rather the price is decided by the people's sentiments.

Effects of USD - One thing that will push the rise of Bitcoin to 100k per coin is the number of dollars in circulation. Bitcoin’s price (in dollars) will continue to rise exponentially as the number of dollars in circulation rises exponentially.

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.

The effect of printing so many dollars is that the price of all goods and services (measured in dollars) will eventually rise to match the number of dollars printed. And Bitcoin is no exception, even though it's not a consumable asset.

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.

Time to Buy and Hold Some

While I am a strong advocate of releasing Bitcoin into circulation. I find it hard to resist the temptation to encourage you to start holding some amount of Bitcoin for the impending payday as we continue to watch and see where the market is heading to.

This may not be the best time to buy but you can still buy anyways.

Cheers!
I am expecting Bitcoin to rise.
I am not disagreeing with you about your long-term prediction of December 2022 on Bitcoin, but I myself think that many predictions are incorrect in predicting the price of Bitcoin. With Mr. Donald Trump's statement, I think, he is positive. Although by country, the USA is the top country by ICO number and the top country by fundraising (https://icobench.com/stats#stats-countries)
member
Activity: 182
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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
member
Activity: 182
Merit: 31
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. After that, Bitcoin began a downward spiral and people started panicking. Everyone was prediction the end of Bitcoin.

Then again, in 14th December 2018 when Bitcoin was trading at $3,100, I held a seminar where I encouraged people to start saving up some Bitcoin, that the price was going to hit $10,000 within the next 12 months. Everybody in the room thought it was a joke. Here we are, just 9 months after the prediction, Bitcoin has traded at $11,000+. It is important to note that I made those predictions base on pure instincts and by observing market trends.

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?

I was expecting Bitcoin to crash in July this year when Trump Tweeted his lack of faith in Cryptocurrency, but it didn't. That was a clear indication that Bitcoin has come of age. That no single person nor single policy is capable to bring the price down, rather the price is decided by the people's sentiments.

Effects of USD - One thing that will push the rise of Bitcoin to 100k per coin is the number of dollars in circulation. Bitcoin’s price (in dollars) will continue to rise exponentially as the number of dollars in circulation rises exponentially.

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.

The effect of printing so many dollars is that the price of all goods and services (measured in dollars) will eventually rise to match the number of dollars printed. And Bitcoin is no exception, even though it's not a consumable asset.

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.

Time to Buy and Hold Some

While I am a strong advocate of releasing Bitcoin into circulation. I find it hard to resist the temptation to encourage you to start holding some amount of Bitcoin for the impending payday as we continue to watch and see where the market is heading to.

This may not be the best time to buy but you can still buy anyways.

Cheers!
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