Major Crypto Cheerleading
Is it time for some serious cheerleading? Take a look at some of these educated opinions on the future of Bitcoin, and, as a logical extension, quality crypto too!
Crypto Hedge Fund Pantera Capital: BTC Will ‘Highly Likely’ Break $20,000 This Year
Fundstrat’s Lee Predicts $25,000 Bitcoin Price by 2018’s End
‘I’m Thinking $250,000 By 2022’: Tim Draper Reveals New Bitcoin Price Target
CNBC’s Brian Kelly Supports Tim Draper’s BTC Prediction Of $250,000 By 2022
That would put STEEM at a proportional pricing of around $2,000.00 by the end of the year and $20,000.00 by 2022! BitShares would proportionately price between $200.00 and $2,000.00, Cardano (ADA) between a minimum of $17.00 and $170.00, etc., etc.
What do you think?
You know, if blockchain is as revolutionary as we think, those figures might not be that far fetched!
Read the "The Dos and Don’ts" here if you're not aware of my rules.
It might be too long, I apologize. This is what my worked on recently, because I was curious just like you what experts are saying:
John McAfee, famed for his role in creating the world’s first commercial antivirus software Predicts:
Mike Novogratz, a billionaire that’s put 30 percent of his worth into cryptocurrency predicts:
Thomas Lee Co-founder and Fundstat strategist predicts:
Jeet Singh predicts:
Blockchain Capital partner Spencer Bogart predicts
Imran Wasim, a financial analyst at AMSYS Group predicts:
CEO of Shopin Eran Eyal Predicts:
Bobby Lee, CEO of China’s first bitcoin exchange BTCC, predicts:
And it's not like these people aren't extremely bright and well informed.
And I don't think they're shilling either.
They really believe what they are saying, and are putting their money where their mouth is!
👋👋👋
Yeah, John McAfee also talked about something food related (sort of) in combination with certain body part when making his call on Bitcoin target, but let's not go there ;-)))))
This prediction, if that happens, almost every steemien becomes rich. I hope Steem gets to a 100 at least. But $2,000.00 in 2019 and $20,000.00 by 2022? That’s called an optimism. Let’s hope it’s right.
It's so unbelievable that it's almost unbelievable.
lol nicely said. I just heard that acccording to Weiss, the big move up that we have been seeing in Steem and other cryptocurencies is primarily driven by big-foot institutional investors tiptoeing into crypto. Institutional investors are mostly long therm investors and usually they invest when they think it’s cheap anough. I definitely thought steem at $1.70 and bitcoin below 7k was cheap. That was the reason I bought some cryptos at that time. I’m sure that these kind of bear markets are healthy. It allows the big companies to get in at the best time possible.
That sounds like a very plausible explanation that jives with just about everything we're hearing from just about everywhere there's knowledge regarding the subject. Price action is also technical and subdued, and that's another indication that professionals are active in the markets.
👋👍🏼😎
Seriously man can that really happen. Looks absolutely impossible for ne
It will be the underlying technology of most industries.
It will take perhaps decades to adopt, but once we get there, blockchain will be everything.
Think about your typical corporate organisation now, it’s just a database, that’s what it boils down to.
The blockchain is a database which is immutable and can be audited.
And it that is the future, then those predictions are very realistic!
@cryptographic,
Personally I don't believe STEEM will reach $2,000 in the end of the year! But there is a possibility to reach atleast $50 in the end of 2018! Becoz, STEEM total market supply is little bit higher than BitCoin! Yeah the speed of create new blocks make this happens!
Anyway due to high market supply I think STEEM will reach $200 - $1000 price range in end of 2020!
I heard STEEM got a competitor but it's a poor competition! So, the future is great with this currency and with BTS!
I am thinking to invest more on EOS too! Would like to hear your opinion about it!
A useful discussion and valuable references you added with this article!
Cheers~
Damn @cryptographic.
And I thought I was optimistic on STEEM and BTS. You make me look like someone who is a tad conservative.
Out of curiosity, how did you arrive at the proportional pricing for STEEM compared to the estimates these Bitcoiners put out?
If BTC hits $25K by the end of the year, that is basically a triple...wouldnt that make STEEM $9?
I obviously prefer your $200 mark, just not sure where that came from.
As for this year, we really need to see three things from STEEM developers:
A) Automated sign up process
B)Hivemind
C)SMTs
If these three come by the end of August, we might see a radical run in the 4th quarter of the year.
STEEM total supply divided by BTC total supply results in a 12.9 to 1 ratio, meaning that STEEM should be worth 7.76% of BTC, or $1,940.00, all other things being equal.
https://coinmarketcap.com/currencies/steem/
The thing is not all other things are equal. STEEM is much better!
Hi @taskmaster ! Yes @cryptographic sounds very optimistic, as you and I! The reason he enters those numbers is because of his past posts a couple of months ago when he was comparing the value of steem, bts, cardano and others compared to bitcoin, and how should they be worth if they had the BTC marketcap. That is what I understood!
Regards, @gold84
More basic still: equal value for each outstanding "token" (total supply).
If your product is just as good, or even better, theoretically it should be worth the same, on a ratio adjusted basis. If you have a total supply that is 12.9 times that of what you are comparing with, then your fair value should by 12.9 time less. With BTC currently at $8,700, STEEM should really be worth around $675.00 right now!
Exactly, thats exactly how I understood your thoughts!
Regards, @gold84
Steem with all its bets(specialy SMT and APPICS) coming into fruition is a $250 bet for me . ADA is long way from being a real threat to top 5 in terms of adoption/usage,but without any doubt has the potential . Speculative hype can take ADA to $5 max in my opinion.
RE BTC , its kinda conservative to think the revisit of 20k by 2018 . My calculation (with consideration of LN, ETF) is 40k by 2018 . Institutional custody service may be a reality in 12 months . In that case we will see another massive upside which can eventually rally btc upto next halving (2020). Hence i think Tim Draper will be spot on . MY bet is with Tim .
I agree with you that ADA is the most conservative candidate, that is to say, with the least theoretical appreciation potential, but it's also one that could beat everyone's expectations. I think there's a real possibility that ADA could see mass adoption "overnight" and become a legitimate standard setter.
Let it wonder us.
Although I mostly agree with your posts but this one blew my mind! While I am wildly optimistic on the assets you mention, some of those price targets will imply trillions of dollars in Crypto market cap. If they hold their current market shares, the market cap for the whole market would exceed that of gold whoch is currently around $6 trillion. However, if these prices do happen, I imagine it would be due to the fall of the dollar from inflation and the demand of blockchain technology. That would probably bring gold prices higher too. I would hope this comes true as well!
Imagine crypto becoming 10-15% or world broad money supply. Put in those terms it sounds like a modest assumption. What's a bit more speculative is suggesting that crypto will dwindle to only 10 or so major players. But if those two factors came together, we'd have the trillions you are referring to.
Yes, this time crypto world has different feeling to it, ('bout time) :-)
First, charts are slowly showing signs of a bottoming up with up ticks generally on higher volume than down ticks, which is always a good sign.
And then there is this, 2-3 days ago I have read that George Soros is entering crypto world. That was jaw dropping news for me. While I don't like the guy, he is trying to reshape the whole world, he has a history to position himself on the (financial) winning sides. And if he is interested, you can bet some other Billionaires will start taking a note also. Which is funny, if I would be Billionaire and in nineties, I could care less... ;-)
Of the cryptos you mentioned, I would also keep an eye on EOS. Well graphene group in general, BTS, STEEM, EOS.
The total market capitalization excluding Bitcoin has almost doubled off of lows on what looks like an inverse head and shoulder intermediate term trend reversal. That's the entire alt market cap. There's money flow coming into crypto right now.
https://coinmarketcap.com/charts/
After reading the articles I convinced myself a little more that it could be possible, this guys know what they are talking about, it's not only faith. $ 250000 is a large number, but bitcoin has grown exponentially since its beginning, certainly as it grows its percentage of growth will tend to decrease.
If humanity continues its modernization, more people learn about blockchain and governments do not try to sabotage, I think those predictions could be made real, but there is still some time left. I am also happy to have entered this world for this moment, maybe in 2022 we'll celebrate it.
I think we'll be celebrating for a long time . . . as long as we keep our wits about us and continue being the same people we were before.
I think you're right and that these people know what they're talking about and they don't take predictions lightly either.
It's the law of supply and demand. There will never be more than 21 million BTC and how many people will want to buy it?
You are right, the blockchain technology is revolutionary and universal, the use of the blockchain is only at the very beginning and every year the application of the blockchain will expand and the STEEM will be very much in demand! Your forecast of the STEEM price is very optimistic and it will be great if by the end of the year we see these figures. But analyzing the general trend of the crypto currency and their volatility in the market, I think that the price of STEEM by the end of the year will be 15 - 20 dollars. The reason is simple, now the price of the STEEM and almost for all crypto currency, will depend on the direct from the price of Bitcoin and how it behaves, and the common market will be formed. Of course Bitcoin's technology is not promising for a little, but until Bitcoin in the trend and much will depend on it. Thank you @cryptographic