$120,000 Bitcoin is going to happened? - page 3.

Marvell1

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Quote from: Faisal2202 on June 08, 2024, 03:48:09 PM

Quote from: adam james on June 08, 2024, 02:23:31 AM

I am new to BitcoinTalk BTC

My question is that I heard rumors about $120,000 Bitcoin
What is your opinion on this matter?

My opinion is it's a rumor as I do not see BTC touching $120k in this bull run. Maybe in the upcoming halving, it can cross $150k even but in this cycle I don't think it has enough potential. As day by day, the adoption is being increased and more funds are thrown into BTC but at the same time taken out from it as well. I think BTC will make it to $100k but $120k is a little hard.

I wish the same that it will touch the $120k target but at the current stage people who were saying it has the potential to touch $150k are not saying it can't even touch $100k is a prove that the market is changing the mindset of people. And we all know that the number of 1 BTC holders exceed 1 million according to news.

You are probably the only person who has the most modest prediction about bitcoin, saying that the highest price that bitcoin can reach is only $100k during this bull season.

Do you think bull season is over or have they not started yet? Because if the bull season hasn't even started like many say and bitcoin is trading at $69k, and if the bull season comes then there's no reason why bitcoin can't double from its current price. That will be the lowest ROI that bitcoin will give us when compared to previous bull cycles. Personally, I even believe that bitcoin could touch 180k$-200k$ during this bull season, I think this will be a super bullish cycle for bitcoin as well as the cryptocurrency market. It's true that bitcoin hasn't even touched $100k yet but that's because bull season hasn't arrived yet.

cryptoWODL

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Quote from: adam james on June 08, 2024, 02:23:31 AM

I am new to BitcoinTalk BTC

My question is that I heard rumors about $120,000 Bitcoin
What is your opinion on this matter?

OP The rumor you said about Bitcoin is not actually a rumor it's a prediction. You are new to the bitcoin forum, I don't know how much you know about bitcoin but have you reviewed the history of bitcoin. Review Bitcoin History Bitcoin's price has been on an upward trend since its inception.
When the price of Bitcoin was low, everyone probably predicted that the price of Bitcoin would go up a lot. Suppose last year i.e. 2023 when the price of Bitcoin was $30k dollars, many predicted that when the Bitcoin halving is organized, the price of Bitcoin may rise and touch a new ATH record. Maybe many prophecies have come true and many prophecies have not come true. Now many are predicting that Bitcoin price will reach $100k (thousand) dollars by 2024. Maybe waiting for time it might be possible.

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Quote from: adam james on June 08, 2024, 02:23:31 AM

I am new to BitcoinTalk BTC

My question is that I heard rumors about $120,000 Bitcoin
What is your opinion on this matter?

It is very possible, $120,000 is not that hard for we to reach in this present bull market because we have not seen the hype that the bull market has yet, all what is happening is small if we look back at the past as I read that the fomo of Bitcoin rising will make everyone in the industry would want to buy and this makes the price to keep increasing. $120,000 is a fair price target because what others are predicting are just too much. $100,000 to $150,000 is a very good price target to have and this is around when I can start to take profits but I think we can go further higher because the bull market will still be on until next year and we now have institutional investors that will be making the market have more volumes therefore the price for Bitcoin should go higher.

aylabadia05

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Quote from: adam james on June 08, 2024, 02:23:31 AM

I am new to BitcoinTalk BTC

My question is that I heard rumors about $120,000 Bitcoin
What is your opinion on this matter?

A possibility that will happen based on the historical price movements that have occurred but no one knows when the right time will happen.
We just follow the way the Bitcoin market works in a four-year cycle.
We are still waiting for the price of $100,000 as a new achievement after four years ago the price only reached below $70,000 as the highest price achievement.

Anything can happen including achieving the question you asked about the price of $120,000.
Welcome to the Bitcoin forum.

Kemarit

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Quote from: mirakal on June 08, 2024, 06:59:08 PM

Quote from: adam james on June 08, 2024, 02:23:31 AM

I am new to BitcoinTalk BTC

My question is that I heard rumors about $120,000 Bitcoin
What is your opinion on this matter?

It’s highly possible that bitcoin will eventually land into $120k months from now. With the surprises that bitcoin is capable to, it could even surge high above $120k. However, our focus for now is to see bitcoin price touches $100k finally, because that will mark as a signal that bitcoin is heading into another new all time high, which could be $120k or $150k hopefully.

Yes, it's a big possibility to land at $120,000, but I don't think it can be done in the following months or at least this year. Maybe it will happen in 2025 and it's going to be a big bull run.

Quote from: mirakal on June 08, 2024, 06:59:08 PM

For now, let’s just focus on DCA and accumulate more while bitcoin price is not at its ultimate high price yet. While there is opportunity to buy, continue to buy and hold. Because when bitcoin price touches already $100k, that would be quite expensive already most particularly for beginner investors in the market.

And even if the prices hovers around $70,000, we can still do DCA and accumulate. It might our investments will go x2, but still that is a huge profit and I don't think that any assets in the world like stocks or gold that give that big profits in a year or two. We just have to be patience and have the mental toughness to just go week by week to save and accumulate BTC.

mirakal

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Quote from: adam james on June 08, 2024, 02:23:31 AM

I am new to BitcoinTalk BTC

My question is that I heard rumors about $120,000 Bitcoin
What is your opinion on this matter?

It’s highly possible that bitcoin will eventually land into $120k months from now. With the surprises that bitcoin is capable to, it could even surge high above $120k. However, our focus for now is to see bitcoin price touches $100k finally, because that will mark as a signal that bitcoin is heading into another new all time high, which could be $120k or $150k hopefully.

For now, let’s just focus on DCA and accumulate more while bitcoin price is not at its ultimate high price yet. While there is opportunity to buy, continue to buy and hold. Because when bitcoin price touches already $100k, that would be quite expensive already most particularly for beginner investors in the market.

Faisal2202

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Quote from: adam james on June 08, 2024, 02:23:31 AM

I am new to BitcoinTalk BTC

My question is that I heard rumors about $120,000 Bitcoin
What is your opinion on this matter?

My opinion is it's a rumor as I do not see BTC touching $120k in this bull run. Maybe in the upcoming halving, it can cross $150k even but in this cycle I don't think it has enough potential. As day by day, the adoption is being increased and more funds are thrown into BTC but at the same time taken out from it as well. I think BTC will make it to $100k but $120k is a little hard.

I wish the same that it will touch the $120k target but at the current stage people who were saying it has the potential to touch $150k are not saying it can't even touch $100k is a prove that the market is changing the mindset of people. And we all know that the number of 1 BTC holders exceed 1 million according to news.

kentrolla

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Bitcoin will surely achieve $120k which anyone who is into this domain can tell you but when it's going to happen is something no one can predict because whenever Bitcoin's price increases we see stuffs like this and the same people try to term Bitcoin as bubble during the bearish season. I would say when we enter a proper bull season like we experienced in last two bull cycle then Bitcoin can easily achieve $120000 else it would take sometime since it will be achieved gradually.

stomachgrowls

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Quote from: adam james on June 08, 2024, 02:23:31 AM

I am new to BitcoinTalk BTC

My question is that I heard rumors about $120,000 Bitcoin
What is your opinion on this matter?

First of all., Welcome into this forum mate!

You are on the right place on tending to read up any experiences on which you would be able to face up with this speculative world of crypto.Now going back into the things that you've been questioning on here about $120k price of Bitcoin? Well, yeah it could happen and you could really be able to hear up an endless rumors and speculations about the price. Why? because of course you are dealing with a speculative market on which it would really be understandable that price predictions is something that you would be able to read up because there's no way that we can be able to predict on what would happen.
This is why people would really be telling different numbers from time to time.

The important thing on here is that on the moment that you do make out investment with Bitcoin then you should really be that knowing whether you would really be holding for long term or would
be making some short term. It would really be just that depending into your own goals with your Bitcoin investment. Expect the unexpected because this market is never been that
predictable and its one of the main challenges that you would really be facing up.

BABY SHOES

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$120,000 can still be broken by bitcoin the next bullish rise can be more than 3x that's the cycle we see from previous history, you don't believe it's not a problem for you.

I don't doubt bitcoin is still in the range of 3 digits maybe most people $100K is a close enough number for bitcoin as for more than that then that's what we expect as investors.

We'll see in 2025 if this can be achieved? I predict 2025 is where bitcoin will be bullish.

AnonBitCoiner

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Actually there are predictions made by different experts of the crypto market so it cannot be termed as rumours but the reality of these predictions will show whether these are accurate or not. Nobody knows about the future so everyone is predicting some prices and that predictions are made according to past activity of Bitcoin and it is started that Bitcoin repeats its history after the cycle of four years.

It is assumed that 100k$ will be achievable during this bull season and nobody knows that when this bull season will end so it is necessary to wait until the middle of next year as halving has initiated its effects which will get better as the time goes on. First we should wait for 100k$ because we are far from such value and if it becomes possible then we should increase our target for the remaining Bitcoin which we will not sold at the worth of 100k$.

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Quote from: adam james on June 08, 2024, 02:23:31 AM

I am new to BitcoinTalk BTC

My question is that I heard rumors about $120,000 Bitcoin
What is your opinion on this matter?

I want to tell you that still a lot of people are buying bitcoins every day for 70k and if you follow bitcoin ETFs you can see that they are buying bitcoins in large quantities every day without bothering about the price. What purpose do you think they buy bitcoin for other than profit? And if you take the time to learn about bitcoin, you will see that bitcoin has increased from $1 to $70k in the last 15 years and its demand has been increasing since the bitcoin ETF was approved. Demand continues to increase combined with limited supply, do you think it will be too difficult for bitcoin to rise from $70k$ to $120k?

What you hear will no longer be a rumor but will become a reality and that will most likely happen in the near future when the bull season is really approaching. We cannot know exactly when bitcoin will reach $120k but it is almost inevitable in the future.

NeuroticFish

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Quote from: adam james on June 08, 2024, 02:23:31 AM

My question is that I heard rumors about $120,000 Bitcoin
What is your opinion on this matter?

Let's see:
1. Making bitcoin price predictions is cheap. Most of those making them are biased.
2. Keep in mind you are on a Bitcoin forum, hence all the answers here may also be biased. So, especially if you are asking for an advice whether to invest.. please DYOR and decide for yourself.
3. My opinion on this matter is that 120k is a realistic price target, but I cannot give a time frame for it. Hence my opinion on this is that people need to stack sats and wait patiently.

ajiz138

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Quote from: adam james on June 08, 2024, 02:23:31 AM

My question is that I heard rumors about $120,000 Bitcoin
What is your opinion on this matter?

Even more than $200K we heard about bitcoin.
You know Robert Kiyosaki's predicted the price of bitcoin in August 2024 was $350,000 even though it doesn't sound reasonable but famous people like to have their own choices.

I don't think this is a problem, people are free to predict what they want including wild guesses, for me $100K is still quite realistic even though the initial target is $100K, which is what many investors expect.

Solosanz

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Yes I believe it will happen, $120K is just 2x from the current price, usually Bitcoin bull season can make 2x-3x from the previous ATH, that's why I think it's possible.

Quote from: electronicash on June 08, 2024, 04:45:24 AM

somewhere under 60k. thats likely theo 80k last dip before another jump to 80k.

If someone believe Bitcoin price will touch $120K, I don't see any reason why they need to wait until Bitcoin price hit $60K to buy, right now the price is $70K which is not that different to $60K. It's an exception if you're trader who looking for consistent short term profit.

EluguHcman

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OP your question is actually questionable for better understanding so that you can get positive feedback you seek for
Heard about $120,000 Bitcoin on what aspect? Market price speculations or mining rewards?
If you were specific then you would get different opinions pointing at same goal but right here I doubt it because you even be confused due to opinions would come based on individual understanding of your post.

To my own understanding: We have met a new Bitcoin market ATH at $73K before the halving which has surpasses the previous ATH of $69K at 2021, investors are expects almost X2 of the last bull-run ATH to hit $120K by the ATH of this circle bull-run.
Although all these are just market sentiments where investors are only predicting what the future holds at this Bitcoins event circle.

Meanwhile... Other investors are expecting more or lesser than the specified $120K

electronicash

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price stayed in the range 60k - 70k for a long time and i think its just adjusting to reset the momentum. it may take months again to see the RSI oversold in the longer time frame. if there is to wait before going to 100k, it will be the next dip of BTC which will likely in few more weeks. and the price will probabky 59,999.

somewhere under 60k. thats likely theo 80k last dip before another jump to 80k.

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Quote from: adam james on June 08, 2024, 02:23:31 AM

I am new to BitcoinTalk BTC

My question is that I heard rumors about $120,000 Bitcoin
What is your opinion on this matter?

That's not the only market price many are speculating on, some already see the market going by far up to $150,000 or something close to $200,000 and even more, you can also discover about some saying that it may reach up to $100,000 and so on, all before the end of this year or by the beginning of next year, what i will say concerning various opinions is for everyone to make his own research and fndings, because bitcoin will definitely make a new all time high above $100,000

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Quote from: adam james on June 08, 2024, 02:23:31 AM

I am new to BitcoinTalk BTC

My question is that I heard rumors about $120,000 Bitcoin
What is your opinion on this matter?

And you are also newbies to the market?

If you are new to the market and want to verify this just to invest in bitcoin then I don't think you should do it. Because even if bitcoin can reach $120k in the future, if you invest without any knowledge, you will not be able to hold until bitcoin reaches $120k. So, as a newbie, you need to learn about bitcoin, learn everything necessary for your investment journey, and do not invest based on other people's advice.

Also, no one knows whether bitcoin will reach 120k or not, what people are telling you is just their speculation. They cannot commit or provide any evidence to confirm that what they say will definitely happen. You should find the answer yourself using your own knowledge.

pinggoki

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It's hard to say with a guarantee that bitcoin will reach that in this few years but it will definitely get there eventually. Bitcoin as we all should know by now is a volatile asset, it's pumping in prices right now and then an hour later, people are panic selling because the price went down in a massive nosedive, that's how crazy the bitcoin market movement is so even if we do believe it will reach that point, there's no guarantee or certainty of when will it go there, hopefully it's going to be this year or the next year but we can never truly know when. There's also the factor that before bitcoin can reach that number, it has to pass some price resistance and there's a lot of them so I don't think that it's going to be an easy path for bitcoin, people will sell at each thousand increase in prices which will hold it back. What you can do in this situation is to just continue hodling, no matter what happens in the market that's affecting it negatively, just hodl.

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