Bitcoin at $110,000 per coin in 2019 will be a 25X increase versus todays price of $4,100.
It may help you believe this prediction if you know the history that this source has for multiple previously correct predictions.
Source is masterluc.
In March 2013, when Bitcoin was around $100, he called for peak price to occur at end of 2013 at around $1000. Price peaked in $1100 range at end of 2013 exactly as per his prediction.
In December 2013, when Bitcoin had surged up to the $1,100 price he had predicted, he then further predicted a multi-year bear cycle that would end only in 2016-2017. This prediction has also turned out to be exceptionally accurate. Despite outcries at the time that Bitcoin could never go into multi-year bear cycle.
In May 2015, he predicted that the next major increase in Bitcoin price would be in approximately two years. Facts show that price was $884 in March 2017, and the surge predicted by Masterluc two years in advance began in March 2017.
Summary of multiple past prediction successes:
1) predicted a peak price in 2013, predicted almost one year in advance of peak. Timing and price level correct.
2) predicted a three to four year bear cycle in 2013, and then we had a four year bear cycle. Timing and price level correct.
3) predicted a major surge in price to occur in first half 2017, prediction almost two years in advance of the surge. Timing and price level correct.
Even a blind pig will occasionally find an acorn. A stopped clock is going to be right twice per day. And all the other pithy statements you want to throw at this situation.
Facts are, masterluc has a historical track record of three accurate predictions, that had specifics on both date and price levels.
By most standards of randomness, three predictions that are accurate on both date and price are NOT random predictions.
The current set of new predictions from masterluc:
1) Bitcoin will reach $15,000 before the end of this year.
2) Bitcoin will reach a price of $40,000 - $110,000 by the end of this bull run, predicted as 2019.
As any investing prospectus will tell you, past performance is no guarantee of future gains. It remains to be seen if masterluc is correct in his predictions. If--and it’s a big if--he is correct, there are going to be a lot more Bitcoin millionaires by 2019.
Please upvote and resteem if you are currently on track or want to be on track to be a Bitcoin millionaire by 2019.
At $110,000 per Bitcoin, you will need to own just slightly more than NINE Bitcoins to be a millionaire by 2019.
STEEM On!!
DaveB
https://www.cnbc.com/2017/05/31/bitcoin-price-forecast-hit-100000-in-10-years.html
https://www.coinspeaker.com/2017/05/28/bitcoin-ethereum-headed-100000-thats-good-news-today/
Much of the material in this post from cointelegraph.com
https://cointelegraph.com/news/legendary-bitcoin-trader-masterluc-predicts-15000-bitcoin-this-year
Which Bitcoin?
I wouldn't make that call yet.
Excellent point. The prediction was sufficiently vague that he can probably claim success if either of the Bitcoin flavors takes off to the moon.
Not a bad plan ;)
Positive for bitcoin indeed! The time value of currency is of paramount importance. Just that in the crypto world its at a much faster rate
Thanks for reading and commenting. Little of the analysis is my own - for full disclosure. Just making a good article from cointelegraph visible to a larger audience
I have big hopes for the crypto world and I have faith that bitcoin will have a rise , more than we expect and that's why it's better to hold on for future investments . Great anayslis and theories you portrayed to us Dave
Thanks for reading and commenting. Little of the analysis is my own - for full disclosure. Just making a good article from cointelegraph visible to a larger audience.
You did a damn great job !! I'll be looking forward to more
Well done Dave... excellent predictions.
Thank You 4 sharing this information.
Hope You're having a Good Weekend...
Cheers !!
Thanks for reading and commenting. Little of the analysis is my own - for full disclosure. Just making a good article from cointelegraph visible to a larger audience
It's hard to believe bitcoin being worth that much in such a short time. But then again you never know... I assume he is also predicting on the popularity bitcoin still has, which might at some point turn around.
His prediction approach seems to be based on technical analysis, which in general I find almost meaningless. But the specificity and accuracy of 3 previous predictions means we cant ignore the current predictions.
Its time to accept Bitcoin everywhere!
Not necessarily. Can you use your gold bullion to make purchases at a lot of stores today? May be same for BTC tomorrow, and that will be fine.
BTC has more transaction overhead and costs than Visa. Why would you want to give up your VISA for an inferior product?
I predict 7500,00 to 10000,00 Usd by the of 2017, but I wouldn't be surprised if Masterluc was correct about BTC. It is only just starting to be picked up by mainstream media and investors! HODL
masterluc has a track record, which makes his predictions worth paying some attention to
Indeed!
We are starting the cryptocurrency massive adoption so this is not only possible but likely. Thank you for sharing @davebrewer, crypto-hodlers are really living exciting times :D
Massive adoption is probably not with Bitcoin. Bitcoin doesn't have the characteristics that will ever allow it to be used for Visa like transaction volume. But Bitcoin will be like Gold, good store of value, when you don't plan on trading daily
Yeah, I don't see people paying daily with Bitcoin, I was talking about cryptocurrency in general. Cheers ;)
I guess that' true @davebrewer. So which one is better to keep? Is it gold or bitcoin??????
You do not want to face the wrath of my bunghole!!
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well let's try to get a proper value then
In December 2013, when Bitcoin had surged up to the $1,100 price he had predicted, he then further predicted a multi-year bear cycle that would end only in 2016-2017. This prediction has also turned out to be exceptionally accurate. Despite outcries at the time that Bitcoin could never go into multi-year bear cycle.
In May 2015, he predicted that the next major increase in Bitcoin price would be in approximately two years. Facts show that price was $884 in March 2017, and the surge predicted by Masterluc two years in advance began in March 2017. In december 2017 bitcoin will in $6000
You copied part of my post. Liked it? Didn't like it? Just wanted to cut and paste to make sure your cut and paste buttons were still working?
Yups.....i wAnt to try it.
I like your post
Let's put it this way Dave, if masterluc is right I'll be retired. If we hit $110,000 a Bitcoin, I'll send you 100SBDs to celebrate... I have said all along, based on the US national debt alone you get $1,000,000 a Bitcoin....
Thx for sharing
I had a wonderful dream "Bitcoin rises to $110,000 per coin, by 2019" :D
Bitcoin will definitely rise. I'm holdl
Please also holdl STEEM as well and if possible get some EOS token too
Thanks man, I've got all that
I have sold off several stocks in the past right before they exploded. Master Card for one, had 500 shares and made a small profit. After I dumped them, within a month the stock went to the moon. I will hold my tiny bit of BC, BCH, and Ether and see where they go.
Thanks for nice info hope bitcoin will rise as solid sources predicted,If not hit that exact figure then it will be near to it Cheer :-)
John Mcaffe : Bitcoin will reach 1million $
Bill Gates : Bitcoin is unstoppable
Bitcoin is future , just Hold it , it will be Huge
Sound's good but that will be just too much if you know what i mean :)
Hi @davebrewer! Great share! If that predition is true then I would invest half of my income to Bitcoin!!