BITCOIN DEAD ¿?

Now the strategy is (BTC/USD), buy this pair and wait for couple of years!

My 2 cents is that bitcoin and maybe other crypto will die and be values at 0 within 10 years. The main reason is that they are designed to be a currency right - but hardly anyone uses them as currency and no one ever will. The crypto market has been driven by speculation and it is a huge bubble waiting to burst. Purely speculation driven markets are doomed to fail.

togr posted:
There are predictions bitcoin will reach 60,000 soon and 240,000 in 10 years...

yes I know lot of predictions have been made about the price of btc but I doubt it will actually hit the level of $60,000 in the near future.

togr posted:
There are predictions bitcoin will reach 60,000 soon and 240,000 in 10 years...

Maybe within 2021, we will see such a bullish price, more than 1,00,000$. It’s a long term trading instrument.

Adribaasmet posted:

togr posted:
There are predictions bitcoin will reach 60,000 soon and 240,000 in 10 years...

Maybe within 2021, we will see such a bullish price, more than 1,00,000$. It’s a long term trading instrument.

I Like this kind of prediction, no body know what will be the price in one hour, but in 10 years yes 😁

Scotty888 posted:
My 2 cents is that bitcoin and maybe other crypto will die and be values at 0 within 10 years. The main reason is that they are designed to be a currency right - but hardly anyone uses them as currency and no one ever will. The crypto market has been driven by speculation and it is a huge bubble waiting to burst. Purely speculation driven markets are doomed to fail.

they are being use, you even see bitcoin atm in countries like Germany, of course it is being use, may be not as fast as you were hoping
Germany declare it as a legal currency not long ago, the heart of european economy

korson posted:

togr posted:
There are predictions bitcoin will reach 60,000 soon and 240,000 in 10 years...

yes I know lot of predictions have been made about the price of btc but I doubt it will actually hit the level of $60,000 in the near future.

Surely, it will be! Because of the block chain technology! Something massive is coming very soon.

My prediction is that bitcoin will be $1000,000 in 10 years...……….or $0 ………………. or somewhere in between. A 10 year forecast is impossible with such an instrument. All we can say is that bitcoin and crypto are highly volatile, risky and there are a lot of unknowns

Adribaasmet posted:

togr posted:
There are predictions bitcoin will reach 60,000 soon and 240,000 in 10 years...

Maybe within 2021, we will see such a bullish price, more than 1,00,000$. It’s a long term trading instrument.

are you holding bitcoins?

Some said Bitcoin value will be zero in next 10 years, others said it will reach 240,000 in same period. And this goes on for next 10 pages. Thus with this prediction, Bitcoin will stay alive. 😁

TeraPips posted:
Some said Bitcoin value will be zero in next 10 years, others said it will reach 240,000 in same period. And this goes on for next 10 pages. Thus with this prediction, Bitcoin will stay alive. 😁

I don’t think it can’t be zero because of the value of block chain technology.

regulation would help crypto become more mainstream. The hardcore believers might not like the sound of this but the reality is that regulation usually makes assets safer to use and invest in.

TiffanyK posted:
They bought into the FOMO.
Anyone with enough sense and trading experience would have seen the collapse coming. So, I do not feel for the people that got in that

Yes, they were naive noobs.

Once the proverbial horse has bolted, there is little chance to catch it ie. once the initial spectacular, easy gains had been made, you could no longer just make money HODLing.

Grammer:
HODL (first person): 'Hold On for Dear Life', 'left holding the bag', to invest and never withdraw;
HODL (second person): taken the profits and got away, stole investments of HODLers.

Once the futures markets get started for Cryptocurrencies the market will begin to settle down. Governments will start to slowly apply pressure on these unregulated markets to find tax dodgers and scam artists and that will also help to decrease the volatility. Eventually governments will figure out a way to profit from the Cryptocurrency Gold Rush Free Money Bonanza and everything will slowly and awkwardly move toward an orderly market. Just watch some trust videos here https://blockchain.intellectsoft.net/blog/rethink-trust-8-ted-talks-about-trust/

The bitcoin won’t be the currency of the future. This has various reasons. Some reasons might dissolve in the near future, but only logical outcome is that the bitcoin eventually will only be the blockchain, but not the stored value anymore. One can only hope that this is done gradually, but these things usually happen very sudden and violently leaving a big impact on the world. This will not happen tomorrow, so in the short term future and possibly in our lifetime the bitcoin could be implemented as world currency, but it will die.

I think bitcoin peaked was a year ago when 1 btc cost $ 20,000.
Compared with that time now the cost of btc is negligible. So I do not believe bitcoin will ever be able to reach the same level again. It will live, but will not reach it peak. And you already think whether it is worth spending your time and money on it.

i have a feeling bitcoin will hit the markets again next year in mid. i don't know just a feeling.

Adribaasmet posted:

TeraPips posted:
Some said Bitcoin value will be zero in next 10 years, others said it will reach 240,000 in same period. And this goes on for next 10 pages. Thus with this prediction, Bitcoin will stay alive. 😁

I don’t think it can’t be zero because of the value of block chain technology.

It won't be zero in my opinion, which is why I say BTC will stay alive.

yellowman94 posted:
i have a feeling bitcoin will hit the markets again next year in mid. i don't know just a feeling.

I'm not alone, thanks.

yellowman94 posted:
i have a feeling bitcoin will hit the markets again next year in mid. i don't know just a feeling.

I propose to return this topic next year and discuss whose were right and whose expectations were not justified. I think many traders have something to discuss. Although, as I said earlier, I do not believe bitcoin will again be able to reach its peak. It's my feelings. So let's see.