Simple prediction: 2024 bitcoin at 200.000 dollars - page 2.

Gaza13

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Quote from: Dave1 on April 26, 2024, 02:51:57 AM

For the bull cycle, maybe we can get to close to $200k, as there are predictions like $150k-$180k. But there are a lot of factors to consider here, like the war in the background and some other negative news that might impact the market to reach that high.

Anyhow, almost week after the halving, fees are back to normal or at least not that high as compare during the halving itself, pretty much the market has settled down. So still time to accumulate and see if the conditions next year will improved and as so we can at least see 6 digits this bull run.

Yes, of course we are waiting for the new price to arrive. We should just enjoy the process, one day the new price will occur. I think it's normal that good and bad news will affect the price. If we believe in this asset and especially with moments like now, it would be better for us to just accumulate as much as we can every month. It's best if there is an increase in transaction costs, let our assets be temporarily placed on an exchange, and if transactions are back to normal, then we can move them.

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Quote from: Hallroom on April 26, 2024, 10:07:07 AM

Every bitcoin halving price at which the halving takes place has a high probability of increasing by a few when the next bull run starts from that bitcoin price. So $66,862 bitcoin halving took place from the current price. The 2025 bull market is more likely than 180K to $200,000.

What I see from each Bitcoin halving is a single digit increase in the price in the market and this has been proven from 2012 to 2024. This means that an increase in prices of two to three times the current price could very likely occur during a bullish market moment next year or at the end of this year. Although at the moment I am not thinking about a bullish market because I am still enjoying the current market conditions by buying DCA every month.

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Quote from: Skybuck on January 01, 2021, 09:16:24 AM

Data from https://coinmarketcap.com/currencies/bitcoin/

Hmm even https://www.blockchain.com/prices/BTC seems to have "lost" historic date, most unfortunate indeed.

Unfortunately it doesn't go back far enough, so this will have to do for now:

may 2016 bitcoin worth about 400 to 500 dollars. This is during the halving time.
may 2020 bitcoin is worth 10000 dollars. 20x
may 2024 bitcoin is worth 10000 x 20 ? = 200.000 dollars ?! Wink

(I believe the halving has something to do with it.)

I consider 200.000 dollar an absolute minimum, greed will probably make it go a bit higher, maybe 300.000 to maybe even 400.000 or 500.000 dollars =D

Bye for now,
Skybuck =D

Every bitcoin halving price at which the halving takes place has a high probability of increasing by a few when the next bull run starts from that bitcoin price. So $66,862 bitcoin halving took place from the current price. The 2025 bull market is more likely than 180K to $200,000.

AnonBitCoiner

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Quote from: Dave1 on April 26, 2024, 02:51:57 AM

For the bull cycle, maybe we can get to close to $200k, as there are predictions like $150k-$180k. But there are a lot of factors to consider here, like the war in the background and some other negative news that might impact the market to reach that high.

Anyhow, almost week after the halving, fees are back to normal or at least not that high as compare during the halving itself, pretty much the market has settled down. So still time to accumulate and see if the conditions next year will improved and as so we can at least see 6 digits this bull run.

We cannot say that such a price will never be achieved but it will surely take place one day and the day is not easy to predict therefore gather as much Bitcoin as you can and then sell little by little with the help of different targets. There will be good news and bad news which will play an important part in the ups and downs of the market so don't forget that for achieving such a target of 200k$ you have to maximize your patience.

The price of Bitcoin is still lower and does not exceed more than 66k$ but this is not about to worry but it's a normal part of this market. Bitcoin has not crossed 80k$ and once price starts to rise then everyone will believe that the effects of halving has been initiated which will lead Bitcoin and other altcoins to attain more higher value that they have not attained before this.

Marvell1

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Quote from: pooya87 on April 25, 2024, 01:53:50 PM

Quote from: pooya87 on January 02, 2021, 09:32:11 AM

I personally think price will be at least twice that.

That's sad to read my comment from years ago again since today I do not think $400k this year is as possible as I thought back then because of the way global economy is struggling with recession thanks to all the interest rate manipulations and conflicts that keep on growing.

Once it's called a prediction, it means it will be right or wrong, so there's nothing sad when our prediction is wrong. But even when everything goes smoothly, like there is no more war, the Fed lowers interest rates, the world economy enters a recovery phase and prepares for a new growth cycle. Bitcoin reaching $400k is also very unlikely and I never dared to think about it although I also expect a super bull cycle next year.

400k$!, that is truly a huge number and imagine if bitcoin can reach 400k$, how big will the entire cryptocurrency market be by 2025? We won't grow that fast.

2Pizza410000BTC

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Quote from: Skybuck on January 01, 2021, 09:16:24 AM

Data from https://coinmarketcap.com/currencies/bitcoin/

Hmm even https://www.blockchain.com/prices/BTC seems to have "lost" historic date, most unfortunate indeed.

Unfortunately it doesn't go back far enough, so this will have to do for now:

may 2016 bitcoin worth about 400 to 500 dollars. This is during the halving time.
may 2020 bitcoin is worth 10000 dollars. 20x
may 2024 bitcoin is worth 10000 x 20 ? = 200.000 dollars ?! Wink

(I believe the halving has something to do with it.)

I consider 200.000 dollar an absolute minimum, greed will probably make it go a bit higher, maybe 300.000 to maybe even 400.000 or 500.000 dollars =D

Bye for now,
Skybuck =D

You can make a simple prediction that Bitcoin will be $200,000 in 2024. But I am not disregarding your prediction, I believe Bitcoin will be worth $100,000 by 2024. And Bitcoin may be worth $100,000 to $200,000 in 2025. Halving Since the new Bitcoin ATH was created before the Bitcoin halving, we will definitely see the new Bitcoin ATH again after the halving. But I can consider Bitcoin price to peak at $100,000 in 2024. And in 2025, the price of Bitcoin may exceed $200,000

Dave1

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Quote from: Zanab247 on April 25, 2024, 01:35:04 PM

Your prediction will surely come through op, but it will not going to be this year if you have visited the market this year because the price is still around $63k, which it will be difficult for the price to jump to $200k in this year, well that is your prediction because anything can happen in the market for someone prediction to come to reality.

I would have agree with your prediction, assume you mentioned 2030 because I know that the price of BTC will hit $200k before the end of 2030 because the price has break into a new ATH this year, that made hodlers to rejoice because that is the first time seeing the price hit $73k over some years now.

If you want to be part of that amount you predicted in this trend, you can start saving some money from your working place so that you can buy when the bear run come and hodl till the price hit $200k before you can sell.

For the bull cycle, maybe we can get to close to $200k, as there are predictions like $150k-$180k. But there are a lot of factors to consider here, like the war in the background and some other negative news that might impact the market to reach that high.

Anyhow, almost week after the halving, fees are back to normal or at least not that high as compare during the halving itself, pretty much the market has settled down. So still time to accumulate and see if the conditions next year will improved and as so we can at least see 6 digits this bull run.

Ambatman

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Quote from: pooya87 on April 25, 2024, 01:53:50 PM

Quote from: pooya87 on January 02, 2021, 09:32:11 AM

I personally think price will be at least twice that.

That's sad to read my comment from years ago again since today I do not think $400k this year is as possible as I thought back then because of the way global economy is struggling with recession thanks to all the interest rate manipulations and conflicts that keep on growing.

Thats why predictions and laws in economics always add Ceteris paribus because human factor are unpredictable.
Many didn't expect BTC to dip to $15K+ because we didn't take FTX going bankrupt into consideration.
Imo, We could be seeing Bitcoin hitting new highs around 2025 to early 2026.
Open statement are usually more accurate
Bitcoin would reach $400K in years to come.

pooya87

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Quote from: pooya87 on January 02, 2021, 09:32:11 AM

I personally think price will be at least twice that.

That's sad to read my comment from years ago again since today I do not think $400k this year is as possible as I thought back then because of the way global economy is struggling with recession thanks to all the interest rate manipulations and conflicts that keep on growing.

Zanab247

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Your prediction will surely come through op, but it will not going to be this year if you have visited the market this year because the price is still around $63k, which it will be difficult for the price to jump to $200k in this year, well that is your prediction because anything can happen in the market for someone prediction to come to reality.

I would have agree with your prediction, assume you mentioned 2030 because I know that the price of BTC will hit $200k before the end of 2030 because the price has break into a new ATH this year, that made hodlers to rejoice because that is the first time seeing the price hit $73k over some years now.

If you want to be part of that amount you predicted in this trend, you can start saving some money from your working place so that you can buy when the bear run come and hodl till the price hit $200k before you can sell.

m2017

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Quote from: STT on March 04, 2024, 09:14:47 AM

This is like that rainbow chart

There is no other way to describe what is happening in the cryptomarket now.

Quote from: STT on March 04, 2024, 09:14:47 AM

assuming BTC grows now as much as it had at some points in the past then sure giant prices are possible.

Until recently, I also didn't want to believe that such rapid growth would happen, but I will have to admit my erroneous forecasts in the face of the fact of what is happening.

"Simple prediction: 2024 bitcoin at 200.000 dollars" - in the title of this topic it looks crazy and it’s impossible to believe it, but I remember past cycles and many also could not imagine what heights bitcoin would reach. I want to say that exactly what no one expects happens, and in this vein, the price of $20k0 begins to appear as something quite achievable.

Quote from: STT on March 04, 2024, 09:14:47 AM

Dynamics of an oil tanker and a race car will vary, its bigger we have to take on board much slower progress even with alot of optimism I still dont think 100k this year and not 200k this year or next.

Well, yes. Bitcoin should have become slow and clumsy due to his current size, but as you can see, it is still able to show his swiftness.

We don't think that $100k or $200k this year are possible, but our expectations are nothing before the irreversibility of existence.

Quote from: STT on March 04, 2024, 09:14:47 AM

The current action is very positive but we dont continually hold the accelerator to the floor and call that a destination, its far too aggressive. The gains have to be digested in some way that is healthy and that will take more time then is clear right now. Almost always turns out that way even though BTC does gain alot at certain times.

That is why a temporary drop and pullback are inevitable. This pump is slightly inflated like a bubble.

Quote from: STT on March 04, 2024, 09:14:47 AM

Some buyers now are future sellers, just a very simple take and quite true imo; at times it will even be the majority who buy then sell not too long after as theres a whole balance of outcomes.

We will have to come to terms with this too. This market has not ceased to be speculative.

STT

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This is like that rainbow chart thats been around a while, there are a range of possibilities and if you take the very extremes assuming BTC grows now as much as it had at some points in the past then sure giant prices are possible.

I disagree for a couple reasons, some take possibilities and call it probable the trajectory aligned with the past must account for the growth & sheer size of BTC now. Dynamics of an oil tanker and a race car will vary, its bigger we have to take on board much slower progress even with alot of optimism I still dont think 100k this year and not 200k this year or next.

The current action is very positive but we dont continually hold the accelerator to the floor and call that a destination, its far too aggressive. The gains have to be digested in some way that is healthy and that will take more time then is clear right now. Almost always turns out that way even though BTC does gain alot at certain times.

Some buyers now are future sellers, just a very simple take and quite true imo; at times it will even be the majority who buy then sell not too long after as theres a whole balance of outcomes.

Skybuck

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We are getting there !

Bitcoin as of 4 march 2024 at 65.000 dollars.

Timelord2067

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Interesting theory, however, you need to examine all halving events (not just the last one) before you can make assumptions concerning the apparent price in a little under four year's time.

Is it a linier climb? Have you factored in crashes? Exchange thefts flooding the market and pushing the price off of a cliff all need to be considered.

Lucius

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Quote from: Skybuck on January 01, 2021, 09:16:24 AM

Unfortunately it doesn't go back far enough, so this will have to do for now

If you mean data from before 2013, then logically you will not find them on those pages that follow the data from the moment they were founded. There are some pages where you can see earlier data, for example on this link Bitcoin Historical Price&Events

Quote from: Skybuck on January 01, 2021, 09:16:24 AM

I consider 200.000 dollar an absolute minimum, greed will probably make it go a bit higher, maybe 300.000 to maybe even 400.000 or 500.000 dollars =D

Personally, I'm not greedy, and I'm more focused on this year, which will show whether this is just a price pumping by big investors today with the intention of dumping at some point - or whether the price will continue to rise regardless of the numbers. I think it's possible to reach at least $100 000 this year, which would be about $6000 per month up. 2024 is still quite a long way off, and I don't think anyone can know what awaits us in that period and how the world's political elites will look at the fact that trillions are pouring into Bitcoin.

pooya87

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You've already found the popular pattern sometimes referred to as "cycles" but the start time of each round that you chose sounds wrong to me. Each cycle doesn't start from halving but the halving falls nearly at the middle of each. And it does affect it because after all the production rate is cut by 50% each time but the effects aren't right away and they are not the main driving force for the rallies, the adoption is.

Consequently your 2024 is off the mark too. This Cycle began at the bottom about 2 years ago and it is possible that only one more year remains from this cycle meaning by the end of 2021 we will see the new bubble. So your prediction ($200k) should fall there although I personally think price will be at least twice that.

lepbagong

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What did the OP say in the simple details that determine that bitcoin could be $ 200K by 2024? let's see the halving ....

HALVING:
events when mining rewards are cut in half or represent a halving / 50% reduction in the supply of Bitcoin to the market. This is a standard rule on the blockchain to make Bitcoin even rarer. The halving occurs every 210,000 blocks or it can also be called the equivalent of 4 years.

First Halving: 28 November 2012
there was a very significant increase occurred in November 2013 with a value of $ 1,127

Second Halving: 9 July 2016
there was a more significant increase from the first halving in December 2017 with a value of $ 19,665

Third Halving: 12 May 2020
Will there be an increase equal to the first and second halving in the following year with adjacent months.
If it happened in November / December 2021 and the current price has reached over $ 29K, wouldn't there be any surprise that the price of bitcoin could be 2x or 3x the last price in 2017?
how about seeing% of the first and second !!! 19,665: 1.127 = 17x?

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Quote from: Skybuck on January 01, 2021, 09:16:24 AM

Data from https://coinmarketcap.com/currencies/bitcoin/

Hmm even https://www.blockchain.com/prices/BTC seems to have "lost" historic date, most unfortunate indeed.

Unfortunately it doesn't go back far enough, so this will have to do for now:

may 2016 bitcoin worth about 400 to 500 dollars. This is during the halving time.
may 2020 bitcoin is worth 10000 dollars. 20x
may 2024 bitcoin is worth 10000 x 20 ? = 200.000 dollars ?! Wink

(I believe the halving has something to do with it.)

I consider 200.000 dollar an absolute minimum, greed will probably make it go a bit higher, maybe 300.000 to maybe even 400.000 or 500.000 dollars =D

Bye for now,
Skybuck =D

You cannot really count an accurate result on what will be the price in the future since it's kinda far to happen and for sure there are series of events that will contribute to the growth or either the price collapse of bitcoin so maybe we shouldn't think something almost unreal maybe we should let the faith decide if we can really see that.

thecodebear

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That seems reasonable. I actually think there is a good chance it is significantly higher than that, like possible twice that price. But it depends how the cycles go now. If we're gonna see the end of another 4 year cycle in a year with a huge crash and long bear market then in 2024 price may only just be pushing through $100k (again?) on it's way to a new peak in 2025. But if institutional investors pretty much rip the 4 year cycle apart because they just keep wading in gradually for years to come then we might just see a prolonged bull market in which case the price could easily be significantly higher than $200k in 2024. The 2024 $200k prediction kinda cuts those two possible paths (and of course there are others but those seem to be the most likely to me) in half so it's a good average of them at least.

TravelMug

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Why not?

But the exponential growth might slow down specially if we are going to touch 6 digits. Not unless all major companies in the US has stock pile bitcoin in the billions then we can have like $200k in just about four years. But we all know that there are companies not totally sold on bitcoin becoming a hedge and because it's volatility. But for sure, down the future 6 digits are going to be possible, specially how bitcoin are going to be scarce going into the next halving.

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