What is your prediction for BTC?

[maxinger]

My prediction for Bitcoin futures is that
its day range is going to be very wide; ie very good for day trading.

However, its movement could be very jerky, violent and its movement could be like what happened to Natural Gas futures 5 years ago

 

[Evermore2017]

I agree, is excellent for daytraders, investing in bitcoin is only for gamblers.

 

[Hoi]

, investing in bitcoin is only for gamblers.

That's not true: it's for hard-core believers.

 

[eastern_warrior]

I heard that 30 times before the past 4 years.... Nothing changed, Bitcoin will just become stronger and stronger.

But why, what is behind it? Why would you use bitcoin to purchase anything if you think the value of it will go higher and higher?

 

[zdreg]

@globalarbtrader ok, at least I'm not alone.
@Sprout I enjoy reading your posts and I think there is probably some good info in them, but wow, very esoteric !

esoteric as in gypsy tea-leaf reading?

 

[Hoi]

But why, what is behind it?

It's built in 2008 as reaction to the Financial crises, it's built against government mismanagement of assets and it's built to withstand any attack-vector by hackers or otherwise. Anything that tries to attack it, will result in failure and thereby enforces its reputation of indestructible store-of-value.

Why would you use bitcoin to purchase anything if you think the value of it will go higher and higher?

No that's a misunderstanding for what Bitcoin is currently used for. It doesn't function as a currency at this moment in time (it will in 5 to 10 years from now). It's used as digital-gold.
In 5 to 10 years that might change, when it reaches a stable price level (but then we are in the trillions of market cap).

 

[SunTrader]

But why, what is behind it? Why would you use bitcoin to purchase anything if you think the value of it will go higher and higher?

Same could be said for currency futures or forex.

Over and over it is is why bitcoin this, why bitcoin that. Without considering the parallels to other forms of electronic or paper money.

 

[zdreg]

Same could be said for currency futures or forex.

Over and over it is is why bitcoin this, why bitcoin that. Without considering the parallels to other forms of electronic or paper money.

paper money going up in value would be a black swan event.
I wouldn't bet your money that this going to happen.

 

[SunTrader]

paper money going up in value would be a black swan event.
I wouldn't bet your money that this going to happen.

This - Same could be said for currency futures or forex.

The following line refers to nonsense posts ignoring all the pitfalls and negatives of every other form of paper or electronic money. Not to paper money value rising. But you knew that.