Bitcoin Predictions for 2014: How the Pundits Fared
If there was one word that could describe bitcoin over the past year, it would be 'unpredictable'. So, with that in mind and armed with 20/20 hindsight at year's end, it's fun to go back and look at all the people who tried to do just that. Whether they prognosticated over the entrails of dead animals or defunct bitcoin exchanges, actual data or emotional investment, the results were - perhaps unsurprisingly - often far off the mark. A large majority of bitcoin fortune-tellers focused on whether the price would go stratospheric or tank, but other more thoughtful commentators looked at....
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These off the mark 2020 Bitcoin price predictions prove that forecasting BTC’s value is as futile as picking lottery numbers. Pundits and crypto analysts love to issue Bitcoin (BTC) price predictions regardless of how volatile the asset class is. In 2017, there were calls for BTC’s price to hit $35,000–$50,000, and of course, a few brave souls predicted that the price would top $1 million before correcting. No one will forget how John McAfee infamously promised to chomp off his genitals if BTC’s price didn’t hit $1 million by 2020. While some of these lofty estimates are based on....
Is the crypto market turning a corner? Crypto analyst Ali Martinez’s report of $815M+ in Ethereum ($ETH) whale accumulation, coupled with his Bitcoin rally prediction, would suggest so. The surge in whale buys aligns with the predictions from some crypto pundits that the recent dip is actually just part of a larger bullish cycle. On […]
For the last 29 years, Mr. Byron Wien, currently vice chair of Blackstone Group Investment and Advising firm, has released a list of 10 surprise predictions for the coming year. He often includes predictions that he doesn't feel belong in the top 10, but that he still feels the need to flex his ego over and publish them anyways. This year, Bitcoin has finally made the list. Byron Wien describes a “surprise” as an event which would have an occurrence rate that the “average investor” would only assign a probability of 1/3. However, Mr. Wein, as a self-proclaimed “above-average investor,”....
The goal of this article is to review Bitcoin’s growth as a whole, and discuss key events that happened in each month, and attempt to predict what we can expect 2015 to be like using 2013 and 2014 as years of comparison. This article will be broken down into months covering January- part of December. Bitcoin’s market will be explained simply rather than thoroughly analyzed. I hope you enjoy this article as we review this action-packed year for Bitcoin and look into what the future might yield. Before jumping into 2014, we will establish some key facts which will be revisited at the....
Want to try your hand at making some money on the Brazil World Cup? Check out Bitkup. When I contacted Gus, a person over at Bitkup and asked him why Bitkup was created he said (note due to a language barrier, text may be slightly inaccurate due to translation): Brazilians and Spaniards are passionate about football and technology, so we created Bitkup with the main objective of disseminating Bitcoin enthusiasts and the provide the currency; also, its fun and I wanted to try my luck with predictions for the World Cup Brazil 2014. As more time passes by, Gus says that Bitkup will add other....