16 MOST DISASTROUS CRYPTO/BITCOIN PRICE PREDICTIONS — 15 Whales Predict Bitcoin Will Reach $2 Million By 2022?
Gordon’s site, TradingAnalysis.com, provides market analysis and trading strategies.
Gordon has also made predictions about other markets, including commodities like crude oil.
In November 2015, when crude was trading at $41, he predicted a decline of nearly 50 percent down to $26.
In February of the following year, crude was trading at $26.05.
Okay. Thank you for your exact predictions.
Is that a yardstick to make every person believe that you understand the crypto market?
Look at this.
In June, one of the Bitcoin whales was asked what he thought of Bitcoin in the month of June. Confidently, he said, Bitcoin will clock $25,000 at the end of June 2018.
I don’t know what negative function that prediction caused because this is a man that has a lot of followers on Twitter.
By what it caused, I mean, I don’t know if some followers felt the FOMO rhythm and bought or sold their assets quickly.
Till June passed, Bitcoin never crossed $10,000.
This is it.
I want to believe that something was pretty wrong somewhere. It’s either it was Bitcoin or the other way round — market .
Winding it down to last 2 months, he was asked his prediction of Bitcoin for the remaining part of the year.
Expecting to receive another Bitcoin price prediction bomb, he said, he wasn’t sure of it.
Who was it?
Now, we can clearly see that really, something was wrong — what was that? — I bet you know it yourself.
A similar scenario?
I will tell you later on because as a crypto data website, we live on data.
I will tell you how Mark Yusko was struggling to defend His $400,000 Bitcoin Prediction.
Wait a minute…who does that?
Who can really predict Bitcoin’s price and have it always?
CRYPTO/BITCOIN PRICE PREDICTIONS: BTC TO MOON TO $2 MILLION?
I would have loved to ask you first what your Crypto/Bitcoin predictions are, but you won’t/may not have the confidence to tell me. Why?
You want to hear what the top men in crypto have to say first.
Well, I will still ask you at the end of the day, but note that these men are crypto men because they knew it before you.
Cryptocurrency Falling Against The Wall
I will still tell you my truth about these predictions because you might think that the correct bitcoin price prediction 2019 might stand at $200,000.
But the shocker? It might be $8,000 or a little bit more.
So, the following is like a graceful read about what Bitcoin might be, and it is not to be taken seriously such that you sell your coins off.
And talking about selling your coin off, I hate FOMO crypto news websites. To solve that. We did this:
FROM CRYPTO EVENTS TO BITCOIN PRICE PREDICTIONS
Let’s have a rundown of the events that led to the predictions of Bitcoin we have today. Note, you can see more of the events here.
We know that the first transaction of Bitcoin was done on May 22, 2010. That was when Laszlo Hanyecz paid10, 000 BTC for 2 pizzas.
Can we reverse the time for 10,000 BTC for 2 pizzas?
Yes, see the movie — About Time.
On February 9, 2011, the first-time bitcoin touched $1. And on November 19, 2013, Bitcoin went above $1000.
Fast-tracking it down, on May 20, 2017, the price of one Bitcoin passed $2,000 for the first time. See more Bitcoin price deflections here.
On August 1, 2017, Bitcoin crossed $4000. And in the same year in October 30, 2017, CBOE and CME decided to launch Bitcoin Futures, which eventually led to a $5000+ price crossover — $6000.
On November 28, 2017, Bitcoin hit $10,000 for the very first time.
And the most exciting Bitcoin moment in history (for now) December 17 2017, Bitcoin was a savage at $19,783 (all-time high.)
At this time, two Bitcoin Billionaires were worth Billions, I mean, billions in cryptos.
THE CURRENT CRYPTO/BITCOIN PRICE PREDICTIONS DETERMINANTS
Some of the NOW notable events that will determine the structure of crypto/bitcoin price are:
#1. ETF Approval.
Does it really matter? I doubt.
#2. BAKKT from NYSE; the largest exchange in the world having a market cap of $21 trillion.
#3. More adoptions dangling. See the Current 35 Bitcoin/Blockchain countries — is your country in yet? (Our article)
#4. The upcoming dates in 2018.
• September 30 — SEC ETF data
• October 17 — CBOE XBT Expiration Date
• October 26 — CME October last trade
• November 14 — CBOE XBT expiration date
• November 30 — Last Trade in November
• December 19 — CBOE XBT Expiration Date
• December 28 — CME December last trade
Note: if at the end of the day, the following predictions do not hold, and the predictors come up to say, we never saw some of the above factors coming, don’t believe them.
Just know that no one can ???? Let’s go down and you will see what no one can do.
15 TOP CRYPTO/BITCOIN PRICE PREDICTIONS: BTC TO MOON TO $2 Million?
#1. The CCO of BitPay — Altcoins will “Never Come Back”
In an interview with Bloomberg September 12, the BitPay Chief Commercial Officer of global crypto payment processor said that altcoins “will never come back”.
He did not stop there. He went on to say that Bitcoin (BTC) will “rebound” in 2019.
Where/What His Bitcoin Price Prediction Held On?
The CCO of BitPay believed that cryptocurrency markets are now on the threshold of a new stage of progress, which requires a certain “defining moment,” or a “catalyst.”
In his words, he said that, that “defining moment” will come when big institutional investors, such as Goldman Sachs and BlackRock, “become real” in 2019.
What do you have to say about Sonny Singh’ altcoin/bitcoin price predictions, will they hold in 2019?
Let’s keep our fingers crossed.
Source: As was reported by Bloomberg.com on September 12, 2018
#2. TODD GORDON — Bitcoin (BTC) To Drop To $4,000
The founder of TradingAnalysis.com, Mr. Todd Gordon predicted Bitcoin (BTC) to drop to $4,000 prior to a rebound above $10,000 by 2019.
Mr. Gordon suggested that BTC will drop below $5,000, subsequently hitting $10,000 by the end of the year.
Where/What His Bitcoin Prediction Held On?
He cited a significant market volatility to be the main reason.
Going further, when asked to explain his estimates, Gordon cited a “beautiful uptrend,” and called the recent correction down from $19,000 “inconsequential” given the gains in BTC price since 2015.
The analyst said that the current high to low range is 17 percent on average, which is one of the lowest BTC has ever seen.
In his words “There were times when it was 20, 30, and 40 percent [per] week so, if I’m down 30 percent right now in Bitcoin, that’s nothing, I can make that up in two weeks,”.
Gorgon argued that the cryptocurrency market is “very technically driven,” so reckoning on the technical and market sentiment, it’s possible to recover certain losses in the near future.
What do you have to say about Todd Gordon’s bitcoin price prediction, will it hold in 2019? I mean, will Bitcoin drop to $4,000 before 2019?
Let’s keep our fingers crossed.
#3. TREFIS Becomes Bearish After Being Bullish — BTC, $15,000 To $12,500
The well-known Stock analytics firm Trefis lowered their year-end Bitcoin price prediction from $15,000 to $12,500, a decrease of nearly 17%.
In a broader sense, the Trefis’ BTC forecast analytics is based on fundamentals of supply and demand, where demand is the number of users and the number of transactions, and supply is the number of available BTC.
Where/What His Bitcoin Price Prediction Held On?
Trefis pointed out significant recent losses in total transaction volumes across crypto exchanges and attributes a surplus in supply and subsequent drop in price to Mt. Gox dumping BTC onto exchanges this spring.
Source: as was reported by CoinTelegraph.com on June 22, 2018.
#4. LLEW CLAASEN — Bitcoin Will Hit $40,000, 90% of Altcoins Will Fail
Bitcoin Foundation’s Llew Claasen made the headlines by predicting that Bitcoin will hit $40,000.
He went ahead to claim that 90% of altcoins are doomed to fail by the end of 2018.
Where/What His Bitcoin Price Prediction Held On?s
As Claasen stated at the Startup Grind conference which took place Feb. 12–14, he made it known that this failure will be caused by investors taking too much risk investing in cryptocurrency projects which later turn out to be scams.
What do you have to say about Claasen Bitcoin price prediction, will it moon to $40,000?
Let’s keep our fingers crossed — 31st December, 2018 — here we come.
Source: as was reported by Business Insider on February 15, 2018.
#5. TOM LEE — Ethereum Will “Rally Strongly” Up To $1,900 In 2019
The Wall Street Bitcoin bull Tom Lee predicted that Ethereum will “rally strongly” up to $1,900 per token by the end of 2019, which is 40% higher than the ETH all-time high.
In a note to clients of Fundstrat Global Advisors, Lee noted the “overly negative” sentiment on the Ethereum market, which he says will be a basis for its strong rebound in the near future.
Where/What His Ethereum Price Prediction Held On?
In his prediction, Lee referenced the historical performance of Ethereum, citing that the times when the altcoin “underperformed peers by two standard deviations,” the price trend saw a subsequent reverse.
In conclusion, he said that Ethereum will reach $1,900 by the end of 2018 — a price point that is at least 40 percent higher than Ethereum’s all-time high of $1,349, recorded on January 13, 2018.
What do you have to say about Lee’s price predictions, will they hold in 2019?
Let’s keep our fingers crossed.
Source: As was reported by CoinTelegraph.com
#6. CNBC’s RAN NEUNER — Bitcoin Will End 2018 At $50,000
With so much confidence, Bitcoin will cost $50,000 by the end of 2018, CNBC’s Ran Neuner claimed on Twitter.
Ran Neuner, the host of CNBC’s show Cryptotrader and the 28th most influential Blockchain insider according to Richtopia, made a tweet Thursday, Feb. 1 claiming that Bitcoin will end 2018 at the price point of $50,000.
Where/What His Bitcoin Prediction Held On?
What do you have to say about Ran Neuner’s Bitcoin price prediction, will it moon to $50,000?
Let’s keep our fingers crossed — 31st December, 2018 — it seems this never happened. Lol.
#7. HARVARD PROFESSORS — Bitcoin will Collapse Due to Government Regulation
Leaving the walls of the university to cryptocurrency, some Harvard economics professors made the headline by pointing out that Bitcoin will eventually collapse.
Where/What Their Bitcoin Prediction Held On?
They pointed out that Bitcoin will eventually collapse in large part due to the undue weight of government regulation as a result of the danger of anonymous transactions…
For instance, Professor Kenneth S. Rogoff believes that the risk of financial anonymity will eventually create an environment where regulation would crush Bitcoin.
In his words” “Small anonymous transactions with virtual currencies…would be desirable but large-scale anonymous payments would make it extremely difficult to collect taxes or counter criminal activity.”
He believed more that central governments will eventually drive the technology out of existence.
He said: It [government] could let cryptocurrencies peacefully exist, and not accept them as a means of payment, and that’s what I think it should do.
But my guess is that sooner or later governments are going to regulate cryptocurrencies out of existence.
What do you have to say about the professor’s predictions, will they hold?
#8. MARK YUSKO — Bitcoin Will Be A Butterfly At $400,000
First, when asked about the question of Bitcoin vs. Blockchain technology, Yusko was quick to point out that ‘Bitcoin is a Blockchain,’ and that the argument for having one and not the other was a non-sequitur.
He then responded to the question regarding his price point prediction by comparing Bitcoin to gold.
In his words,
“It’s just math.
It is gold equivalent…there are about 20 Mln Bitcoin available today. Gold today is about $8 trillion.
That gives you $400,000. And that doesn’t include use cases that relate to currency.”
Let’s take some time out and give a chuckle. :mrgreen:
Have you noticed something?
I have. This is it.
Because he went on Bloomberg News to defend his prediction that Bitcoin will not reach $400,000, he had to compare and contrast Bitcoin to Gold.
Now, this is what we call Blockchain-politics.
So, we never knew that Gold was in Trillions when you said Bitcoin will be $400,000?
These are some of the factors that have led to major startups and stores not accepting Bitcoin anymore.
The picture painted for them was a Ponzi scheme-kind of currency or poker — fast money — lemme be rich quiiiiiiiick.
That is to say if you (stores/shops) collect them — Bitcoins from customers, they will moon inside their wallets and bammmmmmmmmmm, you go on to Coinbase and exchange to fiat.
This was/is not right.
Just imagine the number of stores that said no to Bitcoin’ acceptance just after January 15th 2018 bear run and you will be surprised.
This kind of news or predictions also made a lot of innocent and naïve followers/Ponzi clients to buy Bitcoins with the expectation of starting a real estate firm with the crypto money.
That is, even when they knew nothing about it.
And those that were lucky enough to buy Ripple coin complained later why the coin wasn’t making them rich overnight at $50 or more.
What happened some weeks ago?
Ripple coin went to the moon and all complaints stopped. Why? They were able to sell off the coin.
The real picture?
Crypto is/as a Ponzi scheme.
Could you even imagine that a crypto enthusiast was asking what to do now since he lost almost 70% of his crypto assets value?
This is a man that left all the Bitcoins in his wallet in preparation to be the next Bitcoin whale.
But what happened?
He became a humble bitcoin bear wandering in the desert.
His only confidence was that I suggested that he sell part of his assets and use a crypto trading tool for recoveries — at least he can get back part of his money — long term.
The Crypto-Revolutionary Currency — What We Are Not Looking At
Satoshi never wanted Bitcoin to be a nation’s currency.
Why does it seem like the US SEC on ETF will be the only/80% determinant to Bitcoin price?
Is that not the politics Satoshi wanted out?
Is it only the Americans that are actively involved in Cryptocurrency? Please, I don’t get it.
What is really happening to Bitcoin’s price?
Why does the price value depend on a certain country regulatory body’s approval and not the widespread and usability?
I would really want your viewpoint on this below.
Again, if you are seeing things from my angle, then the prediction of Warren Buffet will come to pass.
Not just that, we will then have to agree that the Harvard professors were/will be right.
In case you forgot what they said. This is it.
#1. Central governments will eventually drive the technology out of existence.
#2. The Government could let cryptocurrencies peacefully exist, and not accept them as a means of payment.
#3. Sooner or later governments are going to regulate cryptocurrencies out of existence.”
The results so far
#1. This is yet to be fulfilled if at all will come to pass.
#2. We are seeing a 50/50 mark on it.
#3. We are seeing this happening now.
The Reasons For The Above 3
At times, it is very smooth and comfortable to say the corruption has its peak in Africa yet that is not true.
Since coming on to the world of cryptocurrency, the first 3 scams I encountered were not engineered by Asians or Africans.
The same thing goes on to Bitcoin and crypto.
At times, you even wonder why SEC should come in to regulate a decentralized currency.
Now, ask yourself that again and you will see why a lot of people — crypto enthusiasts do not like the decentralized exchanges.
Why on earth do we pay huge fees and work on a less security centralized exchange when we can get the best service using a decentralized exchange?
Selfish, greed, and personals benefits — self-interests.
Now, let’s not call in the SEC. I mean, let the crypto decisions rest on the shoulders of the crypto communities’ and you will see the Crypto whales manipulating everything to themselves.
We wouldn’t be surprised if they have their own community — The Crypto Whales Club.
In here, with agreements, they will tweet on how they bought a particular coin and when you fall inside, they empty their wallet by selling theirs because they were thinking of how to sell it off ever since.
Now is a good point/ground to say that corruption is not based in Africa.
Why it seems so,
It is just that, in some parts of Africa, there are no strict laws as compared to what we are seeing in some developed nations.
Put some of the crypto whales in Africa and they will run down the Government treasuries and purse — self-interest or greed does not obey the law of where you and I are from.
Don’t miss — Top 20+ Crypto Topics
CRYPTOCURRENCY IS FALLING FACE DOWN
Now, when the SEC comes in to cushion the effects of manipulations, tell me why Bitcoin might not be stopped in a long term if regulated by a body?
So, when some of these things happen, you don’t need to blame those that call Bitcoin a scam or gambling.
It might be that they have foreseen these aspects.
I mean, you cannot blame Peter Schiff at times.
The renowned American analyst who predicted the 2008 housing crisis, says investors buying Bitcoin at current prices will lose “practically everything”.
Imagine the below statement:
“From today, Li Xiaolai will no longer personally invest in any projects related to the blockchain or ICO at an early stage.
So, if you see “Li Xiaolai” is associated with a project (I’m associated with a lot of projects without my knowledge), just ignore it,” — he wrote in a microblog on Weibo.
That was a statement made by another Bitcoin whale.
Now, how does that benefit a crypto beginner or the crypto community or the mass adoption of cryptocurrencies?
This is the song we keep on signing.
Because one was opportune to hold crypto early enough, should others forego? Is this the way forward to mass adoption?
In one line
A kingdom divided or fighting against itself cannot stand.
Just look at it again that upon seeing Bitcoin at $400,000, he went on to re-state it the other way.
The billionaire investor and founder of Morgan Creek Capital, went on Bloomberg News to defend his prediction that Bitcoin will be worth $400,000 in the long term — Mark Yusko.
Adding More Salt To The Wound — Don’t follow
At times, when you have the ground to be influential you can be carried away to believe that you don’t need food to survive anymore.
I mean, with a 40 Mil followers on Social Media, you can be satisfied with that — engaging from the AM hours to the PM.
He said that Ethereum will reach $1,900 by the end of 2018. Who?
Why and if Ethereum goes to $1,900, does it add to adoption?
Truly, I don’t see how this will bring growth to the crypto community.
This brings me on to CNBC.
Since the last years’ Bull Run, the CNBC channel has been increasingly involved in cryptocurrency reporting.
Sorry to ask. As they now a crypto news site?
On Jan. 8, the cable network aired a step-by-step tutorial on how to buy Ripple using the Poloniex exchange as a platform for the purchase.
Host, Brian Kelly demonstrated the entire process live on the channel.
This was the same website that told us to sell our Ripple coin low after telling us to buy high — why?
They thought it as a golden Ponzi to make money overnight.
The big question…
Is this adding to crypto adoption or segregation by outside/doubters?
The end point is,
If we are expecting Bitcoin/Crypto en masse adoption, we should act as one, else, are will be seeing a revolutionary currency that might not survive the next decades or 2.
THE ONLY CRYPTO/BITCOIN PRICE PREDICTION THAT MAKES SENSE — A BENEFIT
To those concerned.
A lot of the above predictions are just based on the fact that you want us to believe that you are influential in cryptocurrency, so, when granted an interview or opportunity, you give out your predictions which might cause FOMO.
And you think it is just a mere prediction. What about those following you on social media?
Look at the below predictions and see what their effects might have caused — wrong timing for buyers — FOMO.
#1. Tim Draper — $250,000 by 2022.
#2. Thomas Lee — $1,25,000 by 2022.
#3. Marc van der Chijs — $150,000 in 2021
#4. John McAfee — $25,000 in June 2018, and $ 500,000 last year — all failed.
#6. Trace Mayer — $115,000 in 2018 December.
#7. James Altucher — $1 million by 2020
#8. James Lopp — $250,000 by 2020.
#9. Cointelegraph even made a crypto chart prediction — all those are useless.
How many of them are feasible and to what importance is it to the value of crypto/bitcoin naturally than a Ponzi scheme currency?
How to Treat All These FOMO Predictions?
Petty fish pic.twitter.com/8YQpfZ2xBy
— Carl Forrest (@CarlForrest) October 2, 2018
The Only Bitcoin Prediction That Made Sense
Because about five major Initial Coin Offering (ICO) and cryptocurrency scams were discovered, including the notorious case of Bitconnect,
Claasen is confident that the cryptocurrency community will learn from these unfortunate occurrences and will be able to prevent them in the future.
Claasen believes that investors are already being more careful, declaring that “this is a problem the market is good at solving.”
Apart from Claasen’s viewpoints, every prediction above means nothing and add no value to a crypto beginner or those looking up to the predictors.
How To Find Your Way Out — A Potential Whale
The way things are looking, sooner or later, it does not seem like the crypto dynasty will be decentralized.
As a normal crypto user/enthusiast, you can carve out space and add value to you — make some money while we continue to learn from this industry.
You can either buy some Cryptos and hold or trade if you can do it on your own.
If not, I find the LiveTrader automation trading tool as a magnet that will help us — it is not a quick rich scheme or tool…
Note: we don’t promote any Ponzi nor Get Rich fast program/platform here.
Rounding it up.
All I have to say here is that be on the defensive against false crypto and bitcoin predictions.
And again, be on the offensive to make some crypto money while you can and if you are willing.
Again, be on your defensive and unfollow those that are FOMOrising you on twitter.
I believe you still have your say and predictions.
If yes, let me know what you think below. See this. Sharing this post will be as good as reading it.