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1 BTC=2,00,000 USD by end of 2018

gobias
Feb 02 2018 at 01:43
posts 60
My two cents...

I'm sorry to say you are deluded if you think these cryptos are suddenly going to melt up the same way they did during the initial upward move of this bubble. The biggest players moved out at the end of last year, initially replaced as the general public moved in on mass to the market from places like china, south korea etc. But, the equilibrium looks like its now shifted, and that's permanent.

All that will remain soon are those who got in too late and the diehard crypto nutters who believe these coins are the future of money. BTC is far too slow and unreliable for that.

Blockchain tech, and the idea of the universal ledger is of course fantastic idea.
But one problem is that each new coin/token is just a 'copy and paste' of the other. Just a new website and a vague description of some industry that needs decentralization.... each with a promise of more security, better transaction speeds, blah blah blah. Please look up '' dogecoin' - the only token with a mascot!!' FFS!
 
The real money in this space is working with the relevant real world companies and regulators trying to get blockchain adopted ...Some of these tokens might go to the moon, but many will go to zero....
 

leo23
Feb 02 2018 at 12:32
posts 567
In this post, I would like to update few more important points regarding the current crypto market conditions and my analysis . These things are generally not covered in social media and people keep talking about how India is creating FUD etc which is not the actual reason for the deep. Hence, I thought to give some deep insight about technical and fundamental reasons behind the price deep and correction.

First of all, any lows for Bitcoin or any other cryptos don't matter at all if someone highly trusts cryptos which he holds and if he is doing exchange trading only using crypto exchanges. If someone is doing margin trading, then he has to suffer losses and hence, repeatedly I have mentioned in my other thread as well to never do margin trading in cryptos.

This market deep in my opinion is very good for long term holders of cryptos so that gamblers and day traders will be out permanently and of course, those billionaire margin traders who are now trying to short BTC price to create a deep will pay the price when the BTC price rally will happen suddenly.

Next, it doesn't matter when the market will recover and how quickly the market will recover, because cryptos and Bitcoin prices follows time synchronisations. What do I mean by that is due to the limited supply of cryptos the price of BTC has to reach and oscillate at certain key high price levels at certain time lines and it has to be oscillate like a spring at those levels at those time lines.

This price spring takes it's own time to elongate higher and higher and due to any fundamental or technical reasons if it doesn't reach those levels at that time line, then on the next time line it has to cover up the price level of previous time line and reach the next high price line and so on.

But one of the important things which I noticed is that there are some popular forex brokers like Pepperstone and IC markets who have started offering margin trading for Bitcoin. I am not sure if there are any other institutional brokers offering BTC for margin trading right now.

It is important factor, because for the BTC price to drop someone doesn't need to withdraw few billion dollars rather if a group of billionaires put large sell orders of worth billion dollars because BTC is downtrend now, then definitely it can create much deeper price levels due to those few billion dollars. So this is the main reason in my opinion which is causing the price deep and not the FUD created by social media. Considering the net market capital of BTC now, FUD has very less control to control the price of Bitcoin and only big players like banks and large institutional margin traders can create such a deep.

Finally, I have to accept that my price levels for end of January 2018 was around 30K per BTC which didn't reach and I am not at all concerned about that because I am a long term holder of BTC and here, I am not giving any financial advice to anyone for margin trading or day trading. Also, one month seems to be too small period of time for Bitcoin price predictions. But the future price zones and future value BTC prices will remain the same. My next target will be around 40K by end of March or end of April 2018, but it can happen at any time though before that time period.

Artificial General Intelligence
Adribaasmet
Feb 02 2018 at 12:35
posts 947
gobias posted:
My two cents...

I'm sorry to say you are deluded if you think these cryptos are suddenly going to melt up the same way they did during the initial upward move of this bubble. The biggest players moved out at the end of last year, initially replaced as the general public moved in on mass to the market from places like china, south korea etc. But, the equilibrium looks like its now shifted, and that's permanent.

All that will remain soon are those who got in too late and the diehard crypto nutters who believe these coins are the future of money. BTC is far too slow and unreliable for that.

Blockchain tech, and the idea of the universal ledger is of course fantastic idea.
But one problem is that each new coin/token is just a 'copy and paste' of the other. Just a new website and a vague description of some industry that needs decentralization.... each with a promise of more security, better transaction speeds, blah blah blah. Please look up '' dogecoin' - the only token with a mascot!!' FFS!
 
The real money in this space is working with the relevant real world companies and regulators trying to get blockchain adopted ...Some of these tokens might go to the moon, but many will go to zero....
 


So, what’s your opinion on future price of BTC?

ScholarGC (ScholarGC)
Feb 04 2018 at 07:15
posts 5
leo23 posted:
In this post, I would like to update few more important points regarding the current crypto market conditions and my analysis . These things are generally not covered in social media and people keep talking about how India is creating FUD etc which is not the actual reason for the deep. Hence, I thought to give some deep insight about technical and fundamental reasons behind the price deep and correction.

First of all, any lows for Bitcoin or any other cryptos don't matter at all if someone highly trusts cryptos which he holds and if he is doing exchange trading only using crypto exchanges. If someone is doing margin trading, then he has to suffer losses and hence, repeatedly I have mentioned in my other thread as well to never do margin trading in cryptos.

This market deep in my opinion is very good for long term holders of cryptos so that gamblers and day traders will be out permanently and of course, those billionaire margin traders who are now trying to short BTC price to create a deep will pay the price when the BTC price rally will happen suddenly.

Next, it doesn't matter when the market will recover and how quickly the market will recover, because cryptos and Bitcoin prices follows time synchronisations. What do I mean by that is due to the limited supply of cryptos the price of BTC has to reach and oscillate at certain key high price levels at certain time lines and it has to be oscillate like a spring at those levels at those time lines.

This price spring takes it's own time to elongate higher and higher and due to any fundamental or technical reasons if it doesn't reach those levels at that time line, then on the next time line it has to cover up the price level of previous time line and reach the next high price line and so on.

But one of the important things which I noticed is that there are some popular forex brokers like Pepperstone and IC markets who have started offering margin trading for Bitcoin. I am not sure if there are any other institutional brokers offering BTC for margin trading right now.

It is important factor, because for the BTC price to drop someone doesn't need to withdraw few billion dollars rather if a group of billionaires put large sell orders of worth billion dollars because BTC is downtrend now, then definitely it can create much deeper price levels due to those few billion dollars. So this is the main reason in my opinion which is causing the price deep and not the FUD created by social media. Considering the net market capital of BTC now, FUD has very less control to control the price of Bitcoin and only big players like banks and large institutional margin traders can create such a deep.

Finally, I have to accept that my price levels for end of January 2018 was around 30K per BTC which didn't reach and I am not at all concerned about that because I am a long term holder of BTC and here, I am not giving any financial advice to anyone for margin trading or day trading. Also, one month seems to be too small period of time for Bitcoin price predictions. But the future price zones and future value BTC prices will remain the same. My next target will be around 40K by end of March or end of April 2018, but it can happen at any time though before that time period.


Listen, There is not intrinstic value to any of these Coins. They are nothing more than lines of code. While yes, they do have profound real world applications, but as an asset, they are essentially worthless because they are devoid of Cashflow and genertating revenue. Again the idea that Artifical Scarcity will drive prices higher and higher is ludacrious! Figuire it this way, Bitcoin is No more useful at $100 than at $10,000. The Real Use Case does not change if the price changes. Cryptos Will be here to stay, as a way to hedge against inflation for sure. But to think we will continute to have price rallies to $2,000,000 is insane!

"Money Cant Buy Life"-Bob Marley
leo23
Feb 04 2018 at 11:42
posts 567
@giancarlo914

I don't know whether actually you understand the meaning of 'intrinsic value' and what is value of an asset and how it is obtained etc or not. If you don't know, then my explanation would mean nothing for you and you need to study and research for at least few years regarding finance and another few years regarding cryptocurrencies to realise what intrinsic value the cryptos have.

But I will try to explain it using very simple sense of daily use cases.

Note that nothing in this world has any intrinsic value at all starting from it's origin to it's end until an user comes into picture. I mean whether it is food, cloth, house or assets like gold, silver or anything for that matter has no intrinsic value at all when it is idle or not used which means no demand for an existential supply.

The value is created when the first user uses it and further more users join in the demand list for same amount of supply more value is added and so on. So by common sense if the supply is fixed, then the value will increase over time if demand will continue to rise.

Even if we consider the fundamental things like food,cloth or houses will go negative in value if enough of them will be produced when there is less demand or requirement, because the asset or material need to be preserved or saved properly to be used by others which will require costs for preservation.

Taking it further if no one wants to use gold because of some reason or some new material is discovered, then value of gold may go to zero or negative as well which is possible very much. Now since people are using and want to use gold and hence, it is considered valuable and hence, by it's origin no such asset has any value.

Now comparing Gold with crypto or Bitcoin, I don't know how much gold is there in the world and how much more gold can be mined or new gold might be even created by science using future technologies. Gold is used as store of value and Bitcoin is also used as store of value. But you can store BTC in cloud, but gold may not be stored in cloud until you buy digital gold.

But this one thing I know that no one in the world can produce more Bitcoin and there is only total 21 MILLION Bitcoin that can ever exist in the world. That's why Bitcoin has more value than Gold and if you compared the total gold market capital with Bitcoin market capital, then you can understand a bit what I am talking about and where the BTC price can go.

Artificial General Intelligence
Dove777
Feb 05 2018 at 06:29
posts 10
leo23 posted:
@giancarlo914

I don't know whether actually you understand the meaning of 'intrinsic value' and what is value of an asset and how it is obtained etc or not. If you don't know, then my explanation would mean nothing for you and you need to study and research for at least few years regarding finance and another few years regarding cryptocurrencies to realise what intrinsic value the cryptos have.

But I will try to explain it using very simple sense of daily use cases.

Note that nothing in this world has any intrinsic value at all starting from it's origin to it's end until an user comes into picture. I mean whether it is food, cloth, house or assets like gold, silver or anything for that matter has no intrinsic value at all when it is idle or not used which means no demand for an existential supply.

The value is created when the first user uses it and further more users join in the demand list for same amount of supply more value is added and so on. So by common sense if the supply is fixed, then the value will increase over time if demand will continue to rise.

Even if we consider the fundamental things like food,cloth or houses will go negative in value if enough of them will be produced when there is less demand or requirement, because the asset or material need to be preserved or saved properly to be used by others which will require costs for preservation.

Taking it further if no one wants to use gold because of some reason or some new material is discovered, then value of gold may go to zero or negative as well which is possible very much. Now since people are using and want to use gold and hence, it is considered valuable and hence, by it's origin no such asset has any value.

Now comparing Gold with crypto or Bitcoin, I don't know how much gold is there in the world and how much more gold can be mined or new gold might be even created by science using future technologies. Gold is used as store of value and Bitcoin is also used as store of value. But you can store BTC in cloud, but gold may not be stored in cloud until you buy digital gold.

But this one thing I know that no one in the world can produce more Bitcoin and there is only total 21 MILLION Bitcoin that can ever exist in the world. That's why Bitcoin has more value than Gold and if you compared the total gold market capital with Bitcoin market capital, then you can understand a bit what I am talking about and where the BTC price can go.


I keep seeing this fallacious argument that Bitcoin because of its theoretical limit of 21 million units therefore somehow justifies pick a number valuation. It is fallacious because it is a false dilemma reasoning. Bitcoin is not proprietary Blockchain technology and do not have exclusivity. It is simply digital lines of code of 1's and 0's. There can be infinite surrogates of them simply by programming and marketing them in whatever name one care to choose such as Bitcoincrazy; Bitcoindelutional; Bitcoingreedy , et al. Gold in contrast has finite physical supply because it has physical properties and not merely digital codes of programming. It has intrinsic value both for industrial purpose and for jewellery. Bitcoin currently can't even adequately fulfil its most basic function in which it was designed i.e. store of value (due to volatility) and for transactional purpose (inefficient and expensive to transact).

Its value is driven simply by speculation and manipulated because of a largely unregulated regime. The musical chair will stop and the number of fools will run out.

sofialogan4410
Feb 05 2018 at 06:34
posts 1
leo23 posted:
Cryptocurrency is the turning out to be the new world currency and most times very unstable but very profitable, i made close to 10 btc in two weeks thanks Mr Tyree Ford who showed me his bitcoin strategy which is 100% reliable. Don't miss the opportunity to become a millionaire from mining btc, trading and investing with a good platform 

leo23
Feb 05 2018 at 11:44
posts 567
@Dove777

I am not here to give any financial education to anyone from scratch and from your statements it seems you need few years of reasearch of finance before even considering cryptos and it makes me wonder what kind of people are wondering around a forex forum..

Though I am not interested in arguments and arguments don't change facts and I put only facts here, but your arguments are very funny;..:))) and hence, I thought to give a response

You said that Bitcoin is a few lines of code and hence, probably it doesn't have any value and gold has value. So are you using gold now while posting your comment here in myfxbook or are you relying on those lines of codes which is used to built this website called myfxbook and is the operating system which you are using in your computer is made up of gold or silver or is it made of 1 and zeros??? Which costs more your food or the windows OS?? If you are not a complete idiot, then you got my point which is more valuable at this current age, the digital or the physical.

Everything which used to be physical will be digital now or later, so digital has always more value than physical. But cryptocurrencies are the near future, because cryptocurrencies add decentralisation of money or power to digital goods and products. If everything will be digital and few people control it, then they will be trillionares and others will be beggars and that's where cryptocurrencies comes into play. But few idiots will take a long time to understand this when it will be probably too late for them to convert their fiat to crypto when all banks will go bankrupt.

I know very well that there can be many coins similar to Bitcoin, but who cares about those and if someone has done research thoroughly on cryptocurrencies, then it is very easy to tell that 90% to 95% of cryptos which are there in the market are useless and those remaining 5% to 10% will control the entire money which is now controlled by banks and that's what drives the price of Bitcoin and other valuable cryptos and it is not due to gambling. Those gamblers will be definitely kicked out very easily in crypto space.

Artificial General Intelligence
Adribaasmet
Feb 05 2018 at 11:54
posts 947
The current rate is below 8K; maybe it’ll touch 2K very soon! Till now waiting for the active buyers as like last 3 months of 2017.

AniLorak
Feb 06 2018 at 06:12
posts 920
Adribaasmet posted:
The current rate is below 8K; maybe it’ll touch 2K very soon! Till now waiting for the active buyers as like last 3 months of 2017.


2k!! Man, don’t expect such a low price! Surely, we are very near to another strong buy move! Just wait and see.

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