If Bitcoin reverts to its long term trend... $42k by the end of this year? by jrcornel

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bitcoin · @jrcornel · (edited)
$58.65
If Bitcoin reverts to its long term trend... $42k by the end of this year?
# Bitcoin price predictions usually aren't worth the paper they were written on...

Likely including this one.

However, this one is at least based on what bitcoin has actually done thus far, so I figured I would throw it out there anyways.

This one bases its predictions on the long term price trajectory of bitcoin.

Starting in 2010, we can see that bitcoin has grown at a 235% CAGR (Compound Annual Growth Rate).

The chart of that looks something like this:

https://i.postimg.cc/RhsSgz0v/EAQYOrc-XYAI9rj-S.png

(Source: https://twitter.com/PanteraCapital/status/1154074046692286475)

# What does this imply about future prices?

Well, it could imply some very good things for the bulls.

If bitcoin reverts back to its long-term trend, we could expect to see **roughly $42k by the end of 2019, $122k by the end of 2020, and $356k by the end of 2021.**

Not quite John McAfee numbers, but they are way up there.

Will things work out exactly like this?

No, probably not, but if they are even remotely close, anyone buying now is going to be very happy.

Stay informed my friends.

-Doc
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@tts · 
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@jrcornel ·
$1.01
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@michaeljn ·
$0.04
Looking forward to that.

Posted using [Partiko Android](https://partiko.app/referral/michaeljn)
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@jrcornel ·
$0.98
Yep, I would be ok with that as well.
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@michaeljn ·
$0.04
Indeed. Did you ever get feedback regarding coinbase listing?

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@belle-btc · 
Yes, your point of view is very good, I agree with you, I hope we can discuss it together. My whatapp number +85251290766
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@builderofcastles · 
The long term trend is without most of the people engaging in the market.  I doubt that will continue much longer.  Too many other trends show dollar flight.

So, i believe your numbers are going to passed like some hot rod on a dark night on an empty highway.

But then, you have to take into account that at some point the bitcoin HODLers are going to sell.  You know, why put off that house purchase, when its 1 bitcoin.
But, will they be selling / trading into infinite demand? or into tepid demand?
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@jrcornel ·
$0.96
Yes, keep in mind those numbers are at trend line... Look what happens if bitcoin goes above that trend like it has several other times previously. :)
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@nickgrujic · 
k nevermind i finally figured out how to get that eos on coinbase 
i got four other people doing from the link they gave me
its like a ponzi scheme lol
have a good day jrcornel
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@diogosantos · 
I´m happy to see more and more people pointing to the $42k BTC price, that was my prediction from the moment we officially started the bear market...
👍  
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@jrcornel ·
$0.93
Interesting, what was your reasoning?
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@diogosantos · 
It didn't come from me exactly, it comes from an incredible prediction method that I saw (here on Steemit) when I joined. More than 1.5 years have gone by and that analysis is still on track. It pointed to $42K and I fixed that number, so I´ve been spreading the word ever since.
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@kyusho · 
Awe hell, I still want $1 Million by 2020.
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@jrcornel ·
$0.91
I think no one wants it more than McAfee :)
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@samuel-swinton ·
$0.23
$1 BILLION Bitcoin by the end of the year. Maybe more. Imagine...

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@jrcornel ·
$0.84
Lol sounds like some of the 'predictions'...
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@samuel-swinton · 
I remember when Bitcoin was approaching 20k, people were predicting 100k by the end of that year. As we all know, that didn't happen, lol.

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@zelart · 
If it happens we are going to be rich !
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@belle-btc · 
Yes, your point of view is very good, I agree with you, I hope we can discuss it together. My whatapp number +85251290766
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@jrcornel ·
$0.89
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vote details (11)
@zelart · 
Thank you for the information, I just started working by bitcoin wallet. That would be amazing !!
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@jrcornel ·
$0.83
Yep, it sure would!
👍  , , , , , , , , , ,
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vote details (11)
@belle-btc · 
Yes, your point of view is very good, I agree with you, I hope we can discuss it together. My whatapp number +85251290766
👍  
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vote details (1)
@elbiasto · 
Well that could happen for sure. Just have a look at Q3 and Q4 of 2017. I think we could see something similar again.
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@jrcornel ·
$0.91
If we look at the cycles related to the halvings, I actually think 2019 = 2016 and 2020 = 2017.... which means we will have a really good year next year, end of year.
👍  , , , , , , , , , , , ,
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vote details (13)
@ajgamer19 · 
Hello! I am curious that how miners was back in mid 2017 which is 19k dollars value of bitcoin. I know that all retailer had out of stock graphic cards then skyrocketing the price of it.

Posted using [Partiko Android](https://partiko.app/referral/ajgamer19)
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@jrcornel ·
$0.89
That was part of it. Also the euphoria leading into the first bitcoin futures products being launched was part of it, as well as the ICO explosion which required most investors to purchase bitcoin to participate.
👍  , , , , , , , , , , ,
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vote details (12)
@dinaudic · 
We'll never know until it happens. Truth is Bitcoin is bullish in the long term 📈😁
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@jrcornel ·
$0.86
Historical patterns would certainly suggest this, yes.
👍  , , , , , ,
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vote details (7)
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