“A visitor from the future” on Reddit and predictions that seem to start coming true

Four years ago a user who claimed that he was a guest from the year 2025 posted an article on Reddit. He predicted sharp increase of Bitcoin rate that would lead to world economy downfall. Naturally, everybody just laughed and nobody took that serious. However, many people remembered that strange user as the present-day bitcoin rate set a new all-time record and reached $ 11 000.

A user with a nickname Luka_Magnotta stated that he lived in the year 2025, when Bitcoin became a serious threat to all humankind. He also maintained that bitcoin rate would increase by 10 times each year up to 2015 but would slow down after that.

According to Lukа, Bitcoin cost $0, 1 in 2010, $1 in 2011, $10 in 2012 and finally $100 in 2013. Then the user mentioned 2015 when the price of the digital currency would be $1000 and 2017 with the price of $10 000. And this is actually true so far. The user claimed that Bitcoin rate would increase up to $100 000 in 2019 and would be $1 000 000 by 2021. Having exceeded that point the cryptocurrency would no longer be dollar-pegged as fiat money would simply disappear.

The user describes further as a rather bleak picture. He says that the majority of states will collapse because people will use only anonymous bitcoin transactions so all systems of taxation will be destroyed. By that time there will have been 19 million bitcoins issued and several hundred thousand will have been lost.

The lion’s share of BTC will be owned by a small number of people who will live in citadels – fortresses where the last operating computers that can mine digital currency will be located. Moreover a wave of terrorism will erupt all around the world. The famous Winklevoss twins will be killed because of their bitcoin-fortune. The territory of Africa will be divided and Saudi Arabia together with North Korea will become the wealthiest states having 110 thousand BTC and 180 thousand BTC each.

At the end of his message Luka_Magnotta asks readers to “strangle the cursed project at its very birth” and prevent our planet from such a dystopian future.

When Will Finally Growth Happen? Or Fresh Forecasts of Cryptocurrency Analysts

As we all remember, the 2018th year was far from the best in the history of Bitcoin as well as other cryptocurrencies. For the previous year, the first cryptocurrency slipped from $20,000 to $3,200. As of this writing, one BTC coin costs $3,940.

Perceptible revival in the cryptocurrency market has provoked another dose of optimistic statements from analysts. Let’s take a look at what professional traders and cryptocurrency market experts are saying about the immediate prospects for the Bitcoin rate.

Leah Wald

A professional trader, and in the past, World Bank economist Leah Wald, claims that the rate of the main cryptocurrency will fall to a critical level of $1,500, and only after that, new growth can begin, up to $6,500. But the user with the nickname Filb Filb doubts her prediction and claims that BTC has already “found its bottom” and now only the growth up to $6,000 and higher is waiting for us.

Leah Wald is confident in her forecast, so she decided to make a bet with her opponent – in case her prediction turns out to be wrong, she will have to transfer 1 Bitcoin to the user Filb Filb.

Cane IslandCrypto

An analyst from Texas, who is known on Twitter under the nickname Cane IslandCrypto recently published his own vision of the BTC price behavior in the coming years. So, he believes that a long and confident uptrend is waiting for us:

  • until the end of 2019, the BTC course will be $7,800;
  • in 2021 – $28,627;
  • in 2023 – $93,382;
  • in 2026 – $471,532.

He is confident that the bear market is over and only growth is waiting for us in the coming years.

Canaccord Genuity CapitalMarkets

A group of leading analysts of Canadian financial institutions Canaccord Genuity CapitalMarkets has a similar opinion about the rate of the first cryptocurrency. They believe that in two years Bitcoin will return to its peak values and go higher.

To create the own Bitcoin price chart, analysts were guided by historical data for 6 years (from 2011 to 2017). After analyzing the behavior of BTC, they came to the conclusion that at the moment the price of the asset has already “found the bottom”. And in the near future, the BTC course should start its growth.

Conclusion

If we analyze this information, we can conclude that the mood of market participants is beginning to change for the better. So far, the Bitcoin rate shows growing, even though slow: in recent months it has grown from $3,200 to $3,940 and continues to ascend. The nearest psychological mark is at the level of $4,000 – $4,100.

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Bitcoin Overcame Psychological $4000 Mark: Rate Chart

The weekend begins well: today on March 16th, 2019, Bitcoin rate broke another psychological mark of 4 thousand dollars.

Half-hour graph from cryptocurrency exchange Bitstamp Source: TradingView

In the graph above we can see that not only Bitcoin has increased, but also trading volume. As expected, almost all the coins followed Bitcoin.

Source: Coinmarketcap

This is exactly how Top-10 cryptocurrencies looks like. Bitcoin Cash showed the maximum growth in the last 24-hours, it managed to grow by 14%, the second place in the growth dynamic takes Litecoin with 6,61%.

What is it – the final verge of a trend or another market manipulation? We will follow developments and provide you with the latest information.

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Tom Lee: Bitcoin Bull Market Is Coming in 2019

Tom Lee, one of the most influential people in the whole crypto universe, predicted that Bitcoin would enter bull market in 2019, however can we take it seriously if some of his predictions did not come true in the past?

Tom Lee’s prediction on Bitcoin price in 2018

The founder of Fundstrat Global Advisor, Tom Lee, was quite optimistic about the future of the world’s first cryptocurrency. At the beginning of the last year, he made a prediction, in which Bitcoin would reach the $25,000 by December. However, in July, Tom made an adjustments, changing the estimate rate by $22,000. Early in November, the forecast was changed again to $15,000. Eventually, BTC should have grown by more than 170% in a short term.

However, we all remember crypto prices’ collapse in the second half of 2018, when Bitcoin set new record in lowest price almost every day. The price of Bitcoin varied from $3700 to $3900, making 2018 the worst performing year for cryptocurrency market. The leading cryptocurrency’s price dropped by 70% from its opening price of approx. $13,000 in the beginning.

Thus, some people consider Tom Lee’s predictions as unreliable, in fact, they have such a right, yet let us look at what he thinks about 2019’s Bitcoin price.

Bull market is coming back, Bitcoin will return its high price

Tom Lee gave a small interview to CNBC, where he shared his thoughts considering Bitcoin’s price.

“I think 2019′s a year about repair,” Lee said. “We have a risk-on rally in global markets that’s positive for bitcoin; it was a headwind last year. And the dollar isn’t surging like it was last year. That’s a headwind that’s gone away.”

He talked about crypto’s stability and adoption of digital currencies by many influential companies, like JP Morgan, Mizuho Bank, and Facebook. Such a tendency may bring Bitcoin to much higher prices. This time, Tom Lee has not mentioned any specific numbers about Bitcoin’s price.

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Cryptocurrency Prices Today, March 12: Cryptocurrencies Remain Stable

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coin360, Bitcoin (BTC) remained stable over the past 24 hours and slightly increased in price by 0.04%. The price at the time of writing is $3893 per coin.

For the most part, cryptocurrencies are showing growth:

Bitcoin Cash added 0.6%, Bitcoin SV lost 1.4%, the value of coins is $128 and $65, respectively;

Ripple dropped by 0.4% and costs $0.31;

EOS gained 3%, and its price is $3.71;

Litecoin added 3.2%, and its value is $56;

Cardano increased by 5.7%, and its cost $0.047;

Stellar lost 4.6% and costs $0.10;

IOTA grew by 1.4%, and its value is $0.28;

Dash increased by 4.4%, and its price $84;

Monero added 2% and costs $50.

Over the past 24 hours, Ethereum added just 0.2%. The rate of the coin is $133.

The total market capitalization is $134 billion. Bitcoin accounts for 51.4% of the total volume. In monetary terms, this is $69 billion.

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Crypto and Bolivar in Venezuela: What is Good Money And What is Bad Money?

According to the news outlets, Venezuela has tumbled into darkness since last week. Such a massive blackout is influencing the country’s economy, to be more specific, its remains. Venezuelan economist, professor Aaron Olmos, shared some thoughts considering crypto and its adoption in the country during his recent interview to Coindesk.

Blackout, Economy, Crypto

Once the wealthiest country in the Latin America now is suffering a devastating blackout which has already caused at least 15 victims. The power plant Guri went down, thus, left millions of Venezuelan without electricity: schools, public transport, airport remain closed since Friday, March 8. The opposition leader, Juan Guaido, plans to announce a “state of alarm” in the National Assembly on March, 11.

Such critical situation is caused by years of power usurpation, corruption, incompetence, and high rates of inflation, which hit 80,000% in 2018. As national currency – Bolivar – became valueless, people started mining and trading crypto, in particular, Bitcoin. In the middle of February, the Bitcoin trading hit all-time high. It has become the only way to feed Venezuelan families. Bitcoin mining requires electricity access. Since the blackout has been continuing for 5 days already, even this way of feeding of taken away.

In 2017, Nicolas Maduro announced creation of national cryptocurrency – Petro. However, no one is quite sure how much it costs, as of 2019, it does not function as currency.

Good Money Vs. Bad Money

The Venezuela’s most famous economist, Aaron Olmos, shared his thoughts on the subject of his country’s current dependency on the US dollar, as well as crypto’s place in Venezuela. He thinks that the current state of economy is a result of poor economic administration, this lead to the fast adoption of crypto, as national currency remains devalued Bolivar.

“We are in a complicated situation because ‘good money’ –  dollars or cryptocurrency – is available, but it is scarce because people tend to keep it, not spend it. On the other hand our ‘bad money,’ the Bolivar, it’s the one used by law.”

The economist also pointed out that large bills are limited, whilst small ones are constantly being issued.

“This creates a distortion in the price of goods and services since the production value is now based in dollars in the internal market,” he explains. “Everybody knows it: the Bolivar is our official currency in circulation, but the actual functional currency is the US dollar.”

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Cryptocurrency Prices Today, March 5: Cryptocurrency Is Slightly Growing

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coin360, Bitcoin (BTC) remained stable over the past 24 hours and added 0.4%. The price at the time of writing is $3754 per coin.

Cryptocurrencies moved to the green zone:

Bitcoin Cash added 2.28%, Bitcoin SV grew by 3.46%, the cost of the coins is $125 and $65 correspondingly;

Ripple gained 1.13% and costs $0.30;

EOS increased by 5.6%, and its price is $3.36;

Litecoin added 2.11%, and its value is $46;

Cardano grew by 3.13%, and its cost is $0.041;

Stellar added 1.27% and costs $0.083;

IOTA increased by 1.69%, and its cost is $0.27;

Dash became more expensive by 1.68%, and its price is $78;

Monero added 0.88% and costs $47.

Over the past 24 hours, Ethereum added 2.9%. The exchange rate of the coin is $128.

The total market capitalization is $127 billion. Bitcoin accounts for 52.1% of the total volume. In monetary terms it is $66 billion.

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