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

AniLorak posted:
Leo; how are you? Now; we are in a strong bullish market; what do you think about future price prediction?

The current bullish market is arising purely from practical use cases which I already discussed in my other thread before 1 to 2 years back. It means more and more tech companies and funds, banks and country wide adoption is happening now and it is not like last pump and dump phenomena in which just one fundamental news pumped the price and then, dumped it again heavily afterwards.

For example, if Facebook will launch it's own crypto which it announced to launch next year, then it will act as an entry to crypto for one third of world population in one shot which is around 2 to 3 billion people. Similarly BAKT is about be launched soon this year though I don't have much information about it.

Now, it took almost 1.5 to 2 years to recover from that bearish market because of pure practical use cases and not because of sudden news announcements and hence, this bullish market seems to be more strong than before. But we have to wait and see until it breaks the all time high of 20K and settles above that level for sometime.

Then, my count down will start from 20K, 40K,80K,160K, 300K,800K, 1 M to 2 M USD per BTC which I already discussed many times in my first thread.

But most people ignored my comments at that time and laughed at me and I was probably the first myfxbook user who introduced myfxbook users about cryptocurrencies based on purely from fundamental analysis of crypto use cases.

Now, after 2 years it seems that many people are becoming aware and adopting cryptos. But I have to 100% agree that I was wrong about timings for price predictions. Hence, I am not willing to predict any specific price under specific times, because I recommend only for holding cryptos and using cryptos and don't recommend margin trading.

But I strongly stick with my same price prediction which I did few years back. That is 1 BTC will settle between 2 to 3 Million USD and I am serious about saying this that 1 BTC=2 Million USD or more within next few years, but when it is difficult to say.

Hi Leo; no doubt blockchain technology is an innovation; day by day the popularity of crypto will be increased in all over the world! Even I see; many experts are expecting 10 Millions price = per BTC.

Adribaasmet posted:
Hi Leo; no doubt blockchain technology is an innovation; day by day the popularity of crypto will be increased in all over the world! Even I see; many experts are expecting 10 Millions price = per BTC.

Yes, you are correct.

Because cryptocurrencies is a huge opportunity and it is a doorway to bring financial stability and economic balance in the society by which single individuals can't hold billions and billions of net worth where as others suffer in poverty. In the current economic system, rich getting richer and poor getting poorer because a specific group of people control the whole financial system and cryptocurrencies challenge the current financial system and that's why originally Bitcoin was created.

That is the main reason why I have been supporting crypto for long time for many years though I personally don't hold much of crypto, but I use crypto always. Also, I am trying to educate others to buy, hold and use crypto currencies instead of fiat currencies. The quicker the society realises this the better it will be.

One of the biggest doorway will be the usage of stable coins which can easily and quickly replace the entire central banking system. Few of the examples are USD coin(USDC) and EUR stasis network(EURS) etc. Next coming is Facebook's Libra coin which is a stable coin as well. These can easily and quickly replace the banking system.

I discussed about stable coins in my last post in my other and original and first thread. If someone wants to learn more about cryptos he can read that thread entirely:
https://www.myfxbook.com/community/general/trading-cryptocurrencies-bitcoinetherium-litecoin-etc/1513362,1#?pt=2&p=18&ts=178&o=1513362

leo23 posted:

Adribaasmet posted:
Hi Leo; no doubt blockchain technology is an innovation; day by day the popularity of crypto will be increased in all over the world! Even I see; many experts are expecting 10 Millions price = per BTC.

Yes, you are correct.

Because cryptocurrencies is a huge opportunity and it is a doorway to bring financial stability and economic balance in the society by which single individuals can't hold billions and billions of net worth where as others suffer in poverty. In the current economic system, rich getting richer and poor getting poorer because a specific group of people control the whole financial system and cryptocurrencies challenge the current financial system and that's why originally Bitcoin was created.

That is the main reason why I have been supporting crypto for long time for many years though I personally don't hold much of crypto, but I use crypto always. Also, I am trying to educate others to buy, hold and use crypto currencies instead of fiat currencies. The quicker the society realises this the better it will be.

One of the biggest doorway will be the usage of stable coins which can easily and quickly replace the entire central banking system. Few of the examples are USD coin(USDC) and EUR stasis network(EURS) etc. Next coming is Facebook's Libra coin which is a stable coin as well. These can easily and quickly replace the banking system.

I discussed about stable coins in my last post in my other and original and first thread. If someone wants to learn more about cryptos he can read that thread entirely:
https://www.myfxbook.com/community/general/trading-cryptocurrencies-bitcoinetherium-litecoin-etc/1513362,1#?pt=2&p=18&ts=178&o=1513362

Yes; Stable coin is beauty; even I see now blockchain . com (wallet) added stable coin on their chart; so users can hold the maximum value at anytime.

Kenkatzia posted:
I still think it will not costs THAT much till the end of 2018;) Guess what it really wasn't we already at half of 2019 and that's the biggest thing which hits the fan really. It has ups and down but I think something like $10k again in 2020 possible really.

To be honest; I wasn’t optimistic but after knowing BTC and full terminology of blockchain; I am sure it’s just begging!

According to my analysis; the price will be around 20,000$ very soon! Maybe end of this year!

AniLorak posted:
According to my analysis; the price will be around 20,000$ very soon! Maybe end of this year!

What’s the base line of your analysis? Technical or fundamental data? Can you please share?

Although I believe in bitcoin to surge up but it's wise to go slow on your own trades with extra vigilant. Continuous short term trades are much better than long term. Risky trades need big eyes on risk management. No one wants to lose big.

You can still trade big but with small risk. Enter trade with small stop loss and large take profit. Let those profits run

Easier said than done. Use a small stop loss on daily chart, especially one as volatile as BTC and you will be stopped out

BTC back down to $4000 by end of 2019

CrackedMic posted:
BTC back down to $4000 by end of 2019

No chance. Price will stay around $10,000 for most of 2019. It will find support there and stabalise

I will buy at $5000 but not above that. I expect price will spike down to $5000 at some point and that will be a good buying time for me

Unless the price falls through $5000 on it's way to $0. I am still skeptical about crypto. I can see how there is a place for it but without regulation it cannot survice and the current crop of crypto are unable or unwilling to be regulated

Mulberry posted:
Unless the price falls through $5000 on it's way to $0. I am still skeptical about crypto. I can see how there is a place for it but without regulation it cannot survice and the current crop of crypto are unable or unwilling to be regulated

I want to mention and clarify 2 important things on this:

1.Regarding being sceptical about crytpos, there were always some people who were sceptical about Bitcoin and cryptos when Bitcoin price was $2,$20,$200,$2000,$20000 and now it is around 10 years from Bitcoin invention starting with few cents per BTC with multiple ups and downs. Also, I am sure there will be definitely some people who will remain sceptical may be even after few more years when Bitcoin price will be 200K,2M or 5M USD per BTC. That is normal at least for me in my past 7 years and that's how the wealth transfer is happening in the world now and will continue to happen so that no authorities or entities can hold or control large amounts of wealth under their control and that's why the Bitcoin ups as well as downs both are needed.

2.Regarding crypto regulation, Bitcoin was created originally with the intention to remove the regulator and NOT to be regulated. It means regulation will happen as long as governments and central banks and other authorities try to control and print money at their will. But Bitcoin was created to make all such entities and authorities redundant and useless and not the other way around. I mean they can regulate centralise cryptos like facebook's Libra, but can't regulate the decentralised Bitcoin and decentralisation is the key concept of cryptos and Bitcoin. After functioning of sufficient number of decentralised of crypto exchanges such a term called 'Regulation' will vanish permanently, because there might be no governments or central banks exist at all to regulate any such things.

Mulberry posted:
Unless the price falls through $5000 on it's way to $0. I am still skeptical about crypto. I can see how there is a place for it but without regulation it cannot survice and the current crop of crypto are unable or unwilling to be regulated

You are wrong! The terminology of crypto is not like as the general currency! So, regulation isn’t any issue here! Crypto can’t be scam!

If the US want to regulate crypto then they can and they will. Who knows what the consequences will be but it is naive to say crypto cannot be regulated. If regulation is introduced then those that are unregulated will become unusable in vast swathes of the world

CrackedMic posted:
If the US want to regulate crypto then they can and they will. Who knows what the consequences will be but it is naive to say crypto cannot be regulated. If regulation is introduced then those that are unregulated will become unusable in vast swathes of the world

BTC doesn’t care any regulation issue; even from the US president!

AmDiab posted:

CrackedMic posted:
If the US want to regulate crypto then they can and they will. Who knows what the consequences will be but it is naive to say crypto cannot be regulated. If regulation is introduced then those that are unregulated will become unusable in vast swathes of the world

BTC doesn’t care any regulation issue; even from the US president!

Maybe you are talking about long run; but in a short period of time, BTC will suffer if Trump bans BTC in USA!