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Bitcoin Price Prediction for End of 2019

Discussion in 'Crypto Currency & Mining' started by Jokester, Dec 31, 2018.

  1. illuz

    Mobster

    Joined: Apr 27, 2012

    Posts: 3,269

    I'm going to give a range, 3-6k. BTC needs a period of calm.
     
  2. I fancy boys

    Mobster

    Joined: Jun 12, 2008

    Posts: 2,705

    Very true. How many alts were around then though? (Genuine question, I only got into things this time last year)
     
  3. Ant84

    Wise Guy

    Joined: Feb 20, 2007

    Posts: 1,083

    $9,500.
     
  4. illuz

    Mobster

    Joined: Apr 27, 2012

    Posts: 3,269

    Look into the Summer of Alts 2014. There have always been alts and hundreds at times.
     
  5. Flaevius

    Gangster

    Joined: Oct 17, 2017

    Posts: 463

    I'll go with $4250 (as Rroff already had $4200).

    Think we'll see a sideways drift for a period of time, before a pickup (or hopefully the start of a pickup) towards the end of the year.
     
  6. SpartaK

    Mobster

    Joined: Jun 19, 2009

    Posts: 4,412

    Location: London

    $14500
     
  7. DarrenM343

    Mobster

    Joined: Oct 19, 2008

    Posts: 4,750

    End of year is fast approaching. Just where has the time gone?
    So, in order of the prediction given, and hopefully I haven't missed anyone :).

    Jokester $6000
    Maccapacca $400
    Rroff $4200
    Telecaster $5100
    Vargas $2500
    imginy 21k ($ I assume)
    Thont $9100
    DarrenM $1850 although not surprised of anything up to $10k
    Bigpops $8000
    200sols $1200
    Minusorange $9k to $10k range
    Underclocker £2019 (GBP)
    Kaka $11,500
    Zairs $19,666
    billysielu $69 (bucks!)
    Madmossy £6500 (GBP)
    One vision $28,000
    muon (jokingly I think) $100,000
    mcast $400
    Slam62 (another joker) one million dollars
    SixTwoSix (less than the $3800 it was trading at start of this year)
    $413x $2000
    wedrum $1800
    Rossi $1500
    Bowey £1000 (GBP)
    illuz 3-6k range (assuming $)
    Ant84 $9500
    Flaevius $4250
    Spartak $14500
     
  8. kindai

    Soldato

    Joined: Aug 9, 2013

    Posts: 6,491

    Location: Bromsgrove

    $3k
     
  9. DarrenM343

    Mobster

    Joined: Oct 19, 2008

    Posts: 4,750

    Expecting bad things from the next month? Or did I miss yours? That's quite low given the proximity to the end of year.
    The predictions above were given before end of 7th January :).
     
  10. Rroff

    Man of Honour

    Joined: Oct 13, 2006

    Posts: 64,510

    Interesting - seems a little bit of a change from your expectations a couple of months ago or so.
     
  11. new boy

    Mobster

    Joined: Jun 25, 2009

    Posts: 3,221

    Location: Weston-super-Mare

    Interesting bump.

    I'm starting to genuinely feel like crypto is over, and that its moving towards zero and will never recover...

    So my Guess is $20,000 EOY
     
  12. kindai

    Soldato

    Joined: Aug 9, 2013

    Posts: 6,491

    Location: Bromsgrove

    We have had our bull run of this year, we will shed the gains off as people lick their wounds, the next bullrun will occur when we have a period of 3-4 months of flat trading.

    [​IMG]


    Once this happens and we have a new base to launch from, the next run will occur, but until then imho its just gonna keep sliding.
     
  13. dowie

    Caporegime

    Joined: Jan 29, 2008

    Posts: 43,084

    ^^^ didn’t realise we had a resident mystic meg ;)

    I am quite surprised though that it is even at 7000-ish at the moment tbh... some of those earlier drops below 4000 must have been painful.

    Granted it has been volatile and had sharp drops in the past but that was with fewer participants. This time it’s been covered regularly in mainstream news and had wider adoption so way more people to potentially get burned.
     
  14. 413x

    Capodecina

    Joined: Jan 13, 2010

    Posts: 16,386

    Location: Cardiff

    Feel it will bumble about between 2k (gbp) and 7k (ish)

    But over time that top end and bottom will decline .
    People will get bored and exit but not return how many people not already involved will get involved now?

    Is been an interesting ride. Was well worth getting on. Could have genuinely gotten to 100k,but lost traction at 20.

    Now it's no longer hyped I don't think it will ever return to that
     
  15. Rroff

    Man of Honour

    Joined: Oct 13, 2006

    Posts: 64,510

    I don't personally believe it ever had potential to have got to 100K, speculation might have briefly pushed it close very briefly maybe. It is always going to be juggling between network activity, real world usage, availability and accessibility and other factors which are always going to balance out - as some factors went up others would bring it down - despite you can make the case for some similarities Bitcoin isn't something like a Picasso.

    In the early days there was the link there to mining cost and I don't think it could ever really escape the gravity of that.
     
    Last edited: Nov 27, 2019
  16. Bigpops

    Mobster

    Joined: Oct 18, 2002

    Posts: 4,136

    Location: Sheffield, UK

    The only thing that will make the price go up is demand. Something needs to happen to spark that demand. At this time, I have no clue what that could be.

    Earlier this year, it's highly probable that the demand that drove the price up to $14K was entirely down to a ponzi scheme in China. Plus Token. The $14K top happened the day the main players of that scheme were all arrested. They now own 1% of all bitcoin now. That's as much as the Winklevoss twins.

    I don't know what the future holds for BTC. I do know I'm not as interested in crypto as I was when I got into it. I was all into the tech, and the ideas, and the potential. 2 years later, I see little progress other than the price of alt coins getting completely mullered.
     
  17. Jokester

    Don

    Joined: Aug 7, 2003

    Posts: 38,877

    Location: Aberdeenshire

    The other thing that makes the price go up is supply...

    Another halfening is coming up.
     
  18. Bigpops

    Mobster

    Joined: Oct 18, 2002

    Posts: 4,136

    Location: Sheffield, UK

    My fault for neglecting supply there. What I meant was demand being greater than supply.

    The halving only cuts the supply of new coins in half. IE, the inflation.
     
  19. Jokester

    Don

    Joined: Aug 7, 2003

    Posts: 38,877

    Location: Aberdeenshire

    Aye and after the next halfening Bitcoin will have the lowest inflation of any “wealth” store such as money or gold.
     
  20. An Exception

    Soldato

    Joined: Aug 8, 2010

    Posts: 6,434

    Location: Oxfordshire

    BCH seems to be evolving with smart contracts etc. BTC is pretty much set in stone now, which has it's pros & cons I guess.