Bitcoin will reach $100,000 in 2019? Claiming to be a "time traverser" from 2025

In the past few years, there have been people who claim to be Time Traveler, and some time travellers have predicted bitcoin prices and future bitcoin applications, which has made the community one more point in testing these forecasts. Mystery. Luka_Magnotta, a self-proclaimed traveler from 2025, said in Reddit in 2013 that bitcoin prices would reach $100,000 in 2019.

Cash still exists in 2030

At present, there are two time-space travellers who are better known and have comment on Bitcoin prices, namely Luka_Magnotta, which claims to be from 2025, and Noah from 2030.

Noah’s prediction of Bitcoin in 2030 is not much. When interviewed by the YouTube channel Apex TV, he mentioned that in the next 2030, the pound still exists and cash still exists, but more and more people have used it. Bitcoin also has some other cryptocurrencies.

Noah said in the interview:

We do have Bitcoin, and there are some other currencies. In 2030, cash still exists and the pound still exists.

In addition to talking about Bitcoin, Noah also predicts that 2020 will be re-elected. AI will develop rapidly in 2030. Everyone will fly, but electric trains will be more popular. In 2028, humans will land on Mars.

Bitcoin prices will reach $100,000 in 2019

In view of the fact that many "financial experts" who predict the price of bitcoin have fallen in the past, it is more interesting to discuss the cryptocurrency community through the predictions of people from the future.

Another forecast for Luka_Magnotta, who claimed to be from 2025, was a bit bolder. In 2013, Luka_Magnotta published an article on the social website Reddit, which he wrote:

On average, the value of Bitcoin has risen tenfold so far. From $0.10 in 2010 to $1 in 2011, to $10 in 2012, to $100 in 2013. From now on, the value will increase by 10 times every two years, to $1,000 in 2015, $10,000 in 2017, $100,000 in 2019, and $1 million in 2021.

Since then, the dollar has not represented universal values, the dollar has been eliminated, and no central bank has issued currency for this purpose. There are only two main forms of wealth in today's world. Land and digital currency.

According to the data from TradingView, the highest price for Bitcoin in 2017 was about $20,000, and the price of Bitcoin on December 31, 2017 was about $14,000. Luka_Magnotta predicts that the price of bitcoin is $100,000.

As of the deadline, the price on July 23, 2019 is about $10,200. That is to say, bitcoin must rise 10 times in the next 5 months to reach the predicted price of Luka_Magnotta.

Predicted misalignment, or no bitcoin "castle"

Luka_Magnotta said that when bitcoin prices exceed $1,000, there will be a variety of bitcoin-related services, including security services that protect Bitcoin's richest people, first the safe, and then the security, and finally there will be an independent city called "Castle."

When Bitcoin is worth $1,000, various services have emerged to protect the personal safety and property security of Bitcoin. At the beginning, it was an expensive and sturdy safe service, and then there was a bodyguard service.

Today, early investors and the wealthy who survived the “transition period” lived in an independent city called the “castle”, where most of the work in the castle was automated. Most of these castles protect the Bitcoin mining machine in addition to protecting the rich.

However, bitcoin prices have exceeded $1,000 in 2017, and currently safes, security, and castles have not yet appeared. In fact, Bitcoin is not a substantial property, so there is no need for a safe.

The only possible explanation is that the cold wallet is placed in the safe. This service does exist. The mobile area was reported in May last year . The bitcoin storage service provider Xapo, which was established in 2014, is kept in the military-grade cellar in Switzerland. At that time, the total amount was 7%, and about 10 billion US dollars of bitcoin.

Bitcoin causes slow economic growth

Luka_Magnotta said in the article:

The economic growth of 2025 is about -2% per year. why is it like this? If you have more than 0.01 bitcoin, you probably don't need to do anything, just wait for it to appreciate. There is no inflation, so there is no incentive to invest.

Just as the economy did not grow significantly during the medieval gold standard, our society did not have economic growth because people knew that their 0.01 bitcoin was enough to sustain their lives. In fact, there are new bitcoins being released, and the release of new coins has maintained the stability of the world, but people are worried that the appreciation will occur in the second half of the century, which will lead to turmoil.

Luka_Magnotta's argument is that because of the fixed amount of bitcoin, it does not cause inflation. Therefore, everyone will tend to store bitcoin, not using bitcoin, which will cause the economy to experience negative growth.

However, no inflation does not mean that it is not for economic growth. This can be traced back to the gold standard system of the 19th century, with gold as the preparation of the blonde currency, which can be exchanged for gold, which makes inflation extremely small. In fact, some economists believe that the gold standard will make economic development more prosperous.

In 1812, the British first implemented gold-based banknotes, using gold as a preparation for the blonde currency. Subsequently, Germany, Sweden, Norway, the Netherlands, the United States, France, Russia, Japan and other countries have successively announced the implementation of the gold standard. From 1870 to the outbreak of World War I, the gold standard was the most widely used 50 years, and this is one of the most prosperous times in European history.

Luka_Magnotta claims that Bitcoin is the currency created by the devil at the end of the text. Because of its anonymity, many terrorism is financed by bitcoin. He calls for destroying computers as much as possible, eliminating bitcoin and losing bitcoin.

Currently at 2025, there are still about five and a half years to check whether Luka_Magnotta is a time traveler. Luka_Magnotta's bitcoin price forecast for 2017 can be regarded as "flying at low altitude" because the highest price of Bitcoin in 2017 is about 20,000 USD. And after five months, you can check if the bitcoin price really reaches $100,000, and use this community to review the accuracy of the self-proclaimed "time traveler".

Original question: "Bitcoin will reach $100,000 in 2019? Let's test the predictions of the time travellers

Source: moving area moving blocktempo

Author: Lee Michael