Quote from: adaseb on September 29, 2019, 06:22:55 AM

Quote from: Babyrica0226 on September 26, 2019, 11:51:56 AM

April 2019 - BTC5300$
July 2019 - BTC9200$
October 2019 - BTC16,000$
February 2020 - BTC 29,000$
July 2020 - BTC 56,000$
November 2020 - BTC 87,000$

This was actually posted on 4chan during the bear market sometime last year. So far the prediction was fairly reliable. Now its possible for Oct 2019 to hit $16K, there were days when we had +20% days. So it seems doable however the other predictions are far fetched.

I don't think its possible to go from $29K to $56K in 6 months or from $56K to $87K in as little as 4 months. People need to realize that for price to hit those levels there needs to be massive adoption. Someone needs to buy your BTC you are selling and I don't think too many people would want to pay close to $100K for a single bitcoin, especially in about a year or so since in a few months the year will be over.

People believe this kind of predictions because they do not really understand how the market works, they believe the price will always go up and that there is not a limit to the price bitcoin can reach and that is not true, the price will only go as far as people are willing to pay for each coin and for that number to go up we need the adoption levels to grow significantly and that is not something that can happen overnight, it will probably take years or even decades before we can reach a price close to 100k.