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

@Adribaasmet

I have no idea about world cup 2018. Also, based on my knowledge I don't find any reason of crypto price rise due to world cup. But if I will find such a reason, then I will post.

Currently, my crypto price predictions are based on the 4 fundamental cycles or phases of cryptos:
1.Development of cryptocurrencies and survival of crypto markets in general:--It has been done already for last 7 to 8 years leading to the overall market capital to bring to few billion dollars. This was the crucial period for cryptos.

2.Awareness among retail investors and pumping the price:--This phase or cycle has been already completed last year in 2017 leading to the overall market capital to reach almost 1 Trillion dollar

3.Awareness among Institutional investors and pumping the price:-This is about to happen most probably by end of this year or beginning of next year leading to the overall market capital to few trillion dollars may be around 5 to 10 trillion USD or more within next 1 to 2 years.

4.General public acceptance and usage for daily goods and services:-This is the final phase where cryptos will almost replace fiat currencies for most of the major day today usage in most of the countries. This will lead to a crypto market capital almost equivalent to the forex market capital which can be around 80 to 100 trillion USD which can happen within next 5 to 6 years.

This final phase will be a similar disruption as how smartphones replaced the land phones. I mean though land phones are there, most people use smart phones now simply because it has many more features other than making calls and in the same way though fiat currencies might be there, but most people would be using cryptocurrencies because there is absolute no reason as why to use fiat currencies when there is the option of cryptocurrencies which are much better than fiat currencies in every way possible.

Couldn't agree with this more. my analysis has leaned me towards thinking that BTC will hit 20,000 again in the coming months. I would be expecting another rush of selling if it hit's 20K, but if that happens I feel it will only be for a short while, and then BTC will continue to rise. 😎

Hello Leo; are you here? What’s your opinion here? It’s almost end of the 2018!! But till now it’s around only 6,000$.

AmDiab posted:
Hello Leo; are you here? What’s your opinion here? It’s almost end of the 2018!! But till now it’s around only 6,000$.

Yes, I am always in and always bullish for Bitcoin and cryptocurrencies and support long term holders of Bitcoin and cryptos.

It doesn't matter what price of Bitcoin is now to reach to a next price level of 200K or 1 Million USD per BTC. You can easily understand this if you look into the overall history of the price fluctuations of BTC for past 10 years especially last year.

How much time it took to reach the price of BTC from 6.5K to 19.5K last year?? It was around less than a month or so and probably no one expected this and not even me.

I expected and predicted the price to be around 10K by end of last year(2017) when it was hovering around 2.5K to 3K, but it surpassed all of my expectations and crossed beyond 19K and hence, that's how the BTC market is. But it didn't move just for no reasons and there was a fundamental reason behind the price rally and it was the Bitcoin's future launch and I predicted the price long back when even there was no concept or idea of Bitcoin's future.

So now this time also I created this thread last year when there was no idea or concept of all the fundamental stuff what is happening right now like crypto funds, crypto payment processing, Bitcoin lightening network,Bitcoin ETF etc. So these are the things which will be responsible for the next rally.

But when it is going to happen, it is difficult to say because now it's all about regulation and without regulations those trillions of USD will not come to crypto market which is required to drive the price and such regulations usually takes long time due to lengthy paper work and that's why the price is just hovering around the Bitcoin mining cost. But I still expect the Bitcoin ETF to be approved by end of this year or by beginning of next year around Feb or March which can drive the price of Bitcoin at least 30 times very easily which will be around 200K to 300K before next bearish market.

But I might be wrong by a couple of months, but regarding the BTC price it is bound to reach at least 2 to 3 Million USD per BTC within next 4 to 5 years and at least 1 million USD within next 1 to 2 years.

Finally, these are just my calculations and personal opinions and not any financial advice to buy or invest in crypto and there is no guarantee about any such price predictions. Everyone must study the market and do proper research of their own before investing in crypto.

leo23 posted:

AmDiab posted:
Hello Leo; are you here? What’s your opinion here? It’s almost end of the 2018!! But till now it’s around only 6,000$.

Yes, I am always in and always bullish for Bitcoin and cryptocurrencies and support long term holders of Bitcoin and cryptos.

It doesn't matter what price of Bitcoin is now to reach to a next price level of 200K or 1 Million USD per BTC. You can easily understand this if you look into the overall history of the price fluctuations of BTC for past 10 years especially last year.

How much time it took to reach the price of BTC from 6.5K to 19.5K last year?? It was around less than a month or so and probably no one expected this and not even me.

I expected and predicted the price to be around 10K by end of last year(2017) when it was hovering around 2.5K to 3K, but it surpassed all of my expectations and crossed beyond 19K and hence, that's how the BTC market is. But it didn't move just for no reasons and there was a fundamental reason behind the price rally and it was the Bitcoin's future launch and I predicted the price long back when even there was no concept or idea of Bitcoin's future.

So now this time also I created this thread last year when there was no idea or concept of all the fundamental stuff what is happening right now like crypto funds, crypto payment processing, Bitcoin lightening network,Bitcoin ETF etc. So these are the things which will be responsible for the next rally.

But when it is going to happen, it is difficult to say because now it's all about regulation and without regulations those trillions of USD will not come to crypto market which is required to drive the price and such regulations usually takes long time due to lengthy paper work and that's why the price is just hovering around the Bitcoin mining cost. But I still expect the Bitcoin ETF to be approved by end of this year or by beginning of next year around Feb or March which can drive the price of Bitcoin at least 30 times very easily which will be around 200K to 300K before next bearish market.

But I might be wrong by a couple of months, but regarding the BTC price it is bound to reach at least 2 to 3 Million USD per BTC within next 4 to 5 years and at least 1 million USD within next 1 to 2 years.

Finally, these are just my calculations and personal opinions and not any financial advice to buy or invest in crypto and there is no guarantee about any such price predictions. Everyone must study the market and do proper research of their own before investing in crypto.

Whatever it is; you look so much confident & I really like your approach! Have a good weekend mate!

leo23 posted:
Since we are entering to 2018 and there is no doubt that Bitcoin and other cryptocurrencies will be the most important topic for discussion for everyone while most of the people will start switching from fiat money to cryptocurrencies and hence, I am creating this thread dedicated for price projections for various cryptocurrencies.

This is good idea to keep this thread so that someone can come at the end of 2018 and check who is correct up to what percentage in which cryptocurrencies price projections.

I project BTC price to be 2,00,000 USD per BTC by end of 2018. This is a very conservative price projection and I may increase the price target even higher in future. Also, I may add price projections for other cryptos in future.

Anyone who is sure about price projections of various cryptocrrencies can participate in this explaining the crytpocurrencies he is bullish and why he is bulish.

This thread is dedicated for exchange trading investors who have invested in cryptos for long term profit and not for margin trading in forex brokers. So drawdowns of any % doesn't matter. Only highs matters, but lows don't matter in exchange trading.

Hello leo; I think now 10K would be harder! What do you think right now? How much difficult it is?

AniLorak posted:

leo23 posted:
Since we are entering to 2018 and there is no doubt that Bitcoin and other cryptocurrencies will be the most important topic for discussion for everyone while most of the people will start switching from fiat money to cryptocurrencies and hence, I am creating this thread dedicated for price projections for various cryptocurrencies.

This is good idea to keep this thread so that someone can come at the end of 2018 and check who is correct up to what percentage in which cryptocurrencies price projections.

I project BTC price to be 2,00,000 USD per BTC by end of 2018. This is a very conservative price projection and I may increase the price target even higher in future. Also, I may add price projections for other cryptos in future.

Anyone who is sure about price projections of various cryptocrrencies can participate in this explaining the crytpocurrencies he is bullish and why he is bulish.

This thread is dedicated for exchange trading investors who have invested in cryptos for long term profit and not for margin trading in forex brokers. So drawdowns of any % doesn't matter. Only highs matters, but lows don't matter in exchange trading.

Hello leo; I think now 10K would be harder! What do you think right now? How much difficult it is?

Nothing is impossible when it comes to crypto price movements. Price can go any low price at anytime and same is true with high price as well. I have said this many times in my previous thread as well as this thread and I will keep saying the same thing.

Because market crash is not a new thing in crypto space. Just ask yourself one question as how Bitcoin can make a 1000% return within a couple of weeks or months if it will not loose 80% or 90% of the value? If it will simply keep rising and rising, then the long term and smart investors will not make that much money as they will make when markets crash and move back up again.

Just because now the BTC price is around 3.5K , you can't say that it will not go 10K by end of 2018. But of course it may look very obvious for many of us, but I don't go by what is obvious and I apply my own analysis based on facts which drive the market movements and there is no guarantee on my price predictions or anyone's price predictions as well. These are just my calculations only. It is the fundamentals which drive the market movements and we need some of it to move the market up.

In fact now, it is very easy for one entity to move the market up since the market cap is very low. So it might shoot up at anytime, but the same is true for shoot down as well and market can go even much down from the current level.

At least I am happy that markets have started moving finally as compared to last couple of months and whether it moves up or down doesn't matter much if you are a long term holder of crypto.

The fundamental reason is that crypto is a free market which is not controlled by any government and hence, anyone can buy and sell any amount and no one can stop him to do so and that's what is the advantage and disadvantage as well.

Which means that now numerous payment processors as well as numerous forex brokers support cryptos as payment gateway and obviously, they don't convert into fiat for a couple of hundred dollars. So they pile up all the cryptos over time for the perfect time of liquidation and one of such forex brokers or payment processors can move the price up and down by putting few billions in and out of the market. That is one of the main reasons why the current market is going down.

Also, there are many small crypto funds already functioning and liquidation of such futures contracts as well can crash the price which is another reason.

Again, the most important reason of crypto crash is strongly related to the current stock market crash and many investors and companies must have pulled out the money from crypto market to compensate their own losses or compensate their companies.

In fact, if the price will continue to be in the same range or fall below these levels even after next 2 to 3 months, then I am definitely going to buy a bunch of them at that time. Because it is like a golden opportunity again to create billionaires out of nothing within a couple of years.

When price reached around 20K, many people said that now we can't make 1000% return on Bitcoin any more which was somewhat true, but now Bitcoin has given another opportunity and probably the last opportunity to become a millionaire within 2 to 3 years by investing a couple of thousand dollars. Because from 3.5K to 35K can happen just in one to two week which is a 1000% return in less than a month and no one will miss such an opportunity if price starts moving up. And if any fundamental news like Bitcoin ETF approval comes out, then it can shoot up even much higher and faster.

It may happen before 2018 or may be during Feb or March of 2019. Or finally, I will personally drive the Bitcoin market up:)))

I never expected that I will be able to buy Bitcoin and Etherium at such low levels and as if market has been waiting for me for long time to buy at the best price before moving up...:::))))))

BTC has gone down because interest rates on USD are going up. USD has a better stability:profit ratio than BTC. This is short term though. Who knows what will happen. At some point people are going to start taking profits and moving their money around again.

jsa1742 posted:
BTC has gone down because interest rates on USD are going up. USD has a better stability:profit ratio than BTC. This is short term though. Who knows what will happen. At some point people are going to start taking profits and moving their money around again.

Maybe we are going to have around 2000$ (per BTC) after a long time.

Right now, we are in a very crucial support level @3663; if market break this level then maybe we’ll have 2835 level once again, after a long time.

Leo; are you here? What’s your reaction based of recent buy moves? What you are expecting now?

Adribaasmet posted:
Leo; are you here? What’s your reaction based of recent buy moves? What you are expecting now?

Yes, I am always here.

Also, I am always optimistic about the future of cryptos, but I don't support margin trading or day trading with cryptos, because it is same as forex trading. So any such small price ups and downs of few thousand dollars don't mean anything for me and I don't pay attention to such things. That is normal. In fact, until the price crosses beyond 20K which was the last high, any price analysis is useless. I only pay attention to the fundamentals of crypto space what is happening there.

Such small price moves usually happen when some big players like crypto exchanges, forex brokers,small crypto funds make their money in and out of crypto market and they are very good at doing such things what happened last year around this time. Also, just one entity in this forex market can easily move the BTC price due to very small market capital of the crypto as compared to total market capital of forex.

I have seen price moves starting from 100 USD per BTC to 20,000 USD per BTC and again from 20K to 3.5K and so such moves are normal for me.

The main price moves beyond 20K will happen only when institutional investors will come in to the crypto space to buy and hold cryptos. Such a thing will be possible only after a Bitcoin ETF approval and we might see major price rallies after Bitcoin ETF approval which is expected to happen within next few months after many postpones.

But of course, there is no guarantee on ETF approval in time, because it was supposed to happen already by this time and it has been getting postponed multiple time and it's like a conspiracy by the big banks and the elite class to control the money again and hence, they are trying to push the BTC price as low as possible in every possible way so that they can buy and hold as much as they can at the lowest possible price and after that the ETF approval might happen and all the retail investors will again jump in to buy BTC at high price.

I only support 2 things for crypto:
1.To hold some valuable cryptos for long term probably for lifetime in terms of store of value since it will be the future of money within next couple of years. Investing in crypto is highly risky as well as highly profitable due to it's volatile nature.

2. To use cryptos for day today transactions and the number of crypto payment platforms are growing day by day and I am unable to keep a track of all of them for now.

As of now, probably cryptos need more time for recovery until institutional investors will get a solid platform to buy and hold cryptos. As I mentioned above, now the price movements are happening either due to margin trading in forex brokers or due to crypto exchanges or crypto funds making the money in and out and such small price moves are unreliable, because one entity can move the price up or down due to low market capital.

But if the institutional investors will come to the crypto space, then it will be difficult to control the BTC price, because they usually don't gamble and hold for long term and hence, we may see sharp price jump and stay above a certain level afterwards. Now, price can either go up or down depending on the retail investors decisions.

This is why, I think, crypto is more suitable to invest instead of trading; since it’s a long term process!

leo23 posted:

Adribaasmet posted:
Leo; are you here? What’s your reaction based of recent buy moves? What you are expecting now?

Yes, I am always here.

Also, I am always optimistic about the future of cryptos, but I don't support margin trading or day trading with cryptos, because it is same as forex trading. So any such small price ups and downs of few thousand dollars don't mean anything for me and I don't pay attention to such things. That is normal. In fact, until the price crosses beyond 20K which was the last high, any price analysis is useless. I only pay attention to the fundamentals of crypto space what is happening there.

Such small price moves usually happen when some big players like crypto exchanges, forex brokers,small crypto funds make their money in and out of crypto market and they are very good at doing such things what happened last year around this time. Also, just one entity in this forex market can easily move the BTC price due to very small market capital of the crypto as compared to total market capital of forex.

I have seen price moves starting from 100 USD per BTC to 20,000 USD per BTC and again from 20K to 3.5K and so such moves are normal for me.

The main price moves beyond 20K will happen only when institutional investors will come in to the crypto space to buy and hold cryptos. Such a thing will be possible only after a Bitcoin ETF approval and we might see major price rallies after Bitcoin ETF approval which is expected to happen within next few months after many postpones.

But of course, there is no guarantee on ETF approval in time, because it was supposed to happen already by this time and it has been getting postponed multiple time and it's like a conspiracy by the big banks and the elite class to control the money again and hence, they are trying to push the BTC price as low as possible in every possible way so that they can buy and hold as much as they can at the lowest possible price and after that the ETF approval might happen and all the retail investors will again jump in to buy BTC at high price.

I only support 2 things for crypto:
1.To hold some valuable cryptos for long term probably for lifetime in terms of store of value since it will be the future of money within next couple of years. Investing in crypto is highly risky as well as highly profitable due to it's volatile nature.

2. To use cryptos for day today transactions and the number of crypto payment platforms are growing day by day and I am unable to keep a track of all of them for now.

As of now, probably cryptos need more time for recovery until institutional investors will get a solid platform to buy and hold cryptos. As I mentioned above, now the price movements are happening either due to margin trading in forex brokers or due to crypto exchanges or crypto funds making the money in and out and such small price moves are unreliable, because one entity can move the price up or down due to low market capital.

But if the institutional investors will come to the crypto space, then it will be difficult to control the BTC price, because they usually don't gamble and hold for long term and hence, we may see sharp price jump and stay above a certain level afterwards. Now, price can either go up or down depending on the retail investors decisions.

Got it mate; thanks again for long-detail answer! As you mentioned, 1st part of 2019 is very crucial.

Adribaasmet posted:
Leo; are you here? What’s your reaction based of recent buy moves? What you are expecting now?

So, now the price is below 3500$, so don’t be over excited.

I can see it on something like $8000 or more for 1 BTC again. It's very very volatile really and I am not sure how you able to fix some profit or loss with it. I miss the times when you being able to buy that BTC for like $20 and nothing less than that really.

Andromaris posted:
I can see it on something like $8000 or more for 1 BTC again. It's very very volatile really and I am not sure how you able to fix some profit or loss with it. I miss the times when you being able to buy that BTC for like $20 and nothing less than that really.

Yes, now the price is around 8K! But, now I am not super ambitious; maybe in near future it’ll cross 10K.

Adribaasmet posted:

Andromaris posted:
I can see it on something like $8000 or more for 1 BTC again. It's very very volatile really and I am not sure how you able to fix some profit or loss with it. I miss the times when you being able to buy that BTC for like $20 and nothing less than that really.

Yes, now the price is around 8K! But, now I am not super ambitious; maybe in near future it’ll cross 10K.

I guess; within the next few months we’ll have more than 1200$ price in Bicoin!

AmDiab posted:

Adribaasmet posted:

Andromaris posted:
I can see it on something like $8000 or more for 1 BTC again. It's very very volatile really and I am not sure how you able to fix some profit or loss with it. I miss the times when you being able to buy that BTC for like $20 and nothing less than that really.

Yes, now the price is around 8K! But, now I am not super ambitious; maybe in near future it’ll cross 10K.

I guess; within the next few months we’ll have more than 1200$ price in Bicoin!

Maybe in the next year! And nice to see, buyers are active here and pushing the price!