Quote from: azguard on January 19, 2018, 09:43:42 AM

Quote from: batang_bitcoin on January 18, 2018, 10:20:47 PM

Quote from: alyssa85 on January 18, 2018, 10:06:48 PM

Some guru's think the price will go up. See the following:

https://www.cnbc.com/2018/01/18/fundstrats-tom-lee-is-even-more-bullish-after-crash.html

Quote

The first major Wall Street strategist to cover bitcoin predicts the digital currency will more than double in 2018 to $25,000 in the wake of its crash this year that saw it lose 50 percent of its value from a December record.

Fundstrat's Tom Lee is out with his latest report on bitcoin, which moves up a $25,000 price target by four years, from 2022 to the end of this year. Lee's model for valuing bitcoin now predicts it will reach $125,000 by 2022.

"We expect bitcoin's major low to be $9,000, and we would be aggressive buyers around that level," Lee said in a Thursday report. "We view this $9,000 as the biggest buying opportunity in 2018."

The quick correction was expected and what can we expect after that? That fundstrat surely know what logic lies behind this incident. And betting $25,000 is a safe bet unlike others that are telling it $40,000 - $100,000 at the end of this year. Giving an idea that on 2022 it's going to be a 6 digit value for bitcoin well that's fascinating as many analysts and experts are telling that on 2020+ bitcoin will show some good moves.

For my taste this is to optimistic prediction, maybe we need to lover this a little. However everyone have right to predict price for upcoming period and hopefully this or some other prediction here might be the right ones. Still for bitcoin price to increase by 25k per year is little to big for me maybe 5k instead of this might be reasonable but again we saw that last year price went almost 20k in price over the year so technically anything is possible.

You can have high hopes or not that doesn't change anything. My predictions about bitcoin price was always lower, and final outcome proved many times how much I underestimated bitcoin price. That is not matter, what does is that we don't know nothing, bitcoin has it's own course and we can just be on that train or not. How much we are wrong can be seen on this forum and in our predictions, we can't accurately predict price in one or two weeks and how to predict the price in one year? My opinion is that bitcoin price can be 50k dollars or more by the end of this year. For end of the 2017 I said 7k but price was higher, this year we will see can price surprise us all once again.