$120,000 Bitcoin is going to happened?

justdimin

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Quote from: fuguebtc on June 21, 2024, 06:22:49 AM

In short, the goal of 120k$ may or may not happen this year , no one has a crystal ball to predict the future. If we have good market conditions, it is not too difficult for bitcoin to reach 120k$ in 5 months, but if market conditions are not good, it will be very difficult for bitcoin. But one thing I'm pretty sure of is that it's only a matter of time before bitcoin reaches $120k or more.

We all know that Bitcoin is unpredictable and its price is very volatile, so setting monthly or yearly goals and arguing about them is pointless. Instead, we should set long-term goals and only sell when we achieve the set goals.
Setting specific goals for each month/year only creates more pressure and causes us to make wrong decisions. I have seen many investors fail for this reason so I think we should avoid making this mistake.

I mean a lot of people will say if they think it will or if it won't, but like you said nobody has crystal ball that tells the future, we are just speculating here. To be fair it is the "speculation" page of bitcointalk, so it is normal if people shared their opinions, then it would be something that we could discuss, that is the point of here.

So we should start with the premise that none of the people here know anything and they are just speculating, and then make our case. So if most of the people say that it will, then that means this forum thinks that it will, then it is up to you to decide if you want to do something about it or not, there is really nothing that can stop you from buying or selling.

JiiBs

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Well, I understand that a thread isn’t solely about the individual or user to have created it and could be taken over as well as observed by many other users but, even then, you do need to watch out for responses or reactions from OP.

Upon seeing this thread, after going through the OP the next place I turned my eyes to was to look up the activity of the OP and having just a single post and an activity, was last seen a day after thread creation didn’t paint the picture of someone who is really interested in this thread. Maybe the OP could be here as a guest but, as a user who don’t sure of the stands on $120k Bitcoin price, you would expect that the user be active on this thread at least but, the OP is all that is from the user on a 4page turn over thread. Not only of the thread but the forum entirely.

These be taken into account.

fuguebtc

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Quote from: Moreno233 on June 21, 2024, 12:04:24 AM

Quote from: STT on June 20, 2024, 07:44:44 PM

Think about the giant spike required to get 120k now, its double the price in just 5 months before year end. I wont say its not possible but its not healthy and we shouldn't really wish for it if wanting BTC to grow as best it can. If all we see is BTC repeat 50 to 70k for the rest of the year then I'd opt for that scenario as the more healthy of the two; eventually it does lead to better prices by building volume here first.

You are forgetting that Bitcoin can move when it really want to and doing X2 within 5 months is the least obstacle that it can break. Even when it is not necessary to expect so much given the uncertainties surrounding Bitcoin, it is also good to check past records to see what is possible in the future. From November last year to January this year, Bitcoin price doubled, this is just 3 months interval, although most of the moves was attributed to the halving. But the point is that it is very much possible for price to double within 5 months.

We are approaching the second part of this year, a time that Bitcoin usually do so well from past records. I believe we will begin to see more momentum in the market as we approach the end of the year and price might possibly hit the peak early part of next year.

In short, the goal of 120k$ may or may not happen this year , no one has a crystal ball to predict the future. If we have good market conditions, it is not too difficult for bitcoin to reach 120k$ in 5 months, but if market conditions are not good, it will be very difficult for bitcoin. But one thing I'm pretty sure of is that it's only a matter of time before bitcoin reaches $120k or more.

We all know that Bitcoin is unpredictable and its price is very volatile, so setting monthly or yearly goals and arguing about them is pointless. Instead, we should set long-term goals and only sell when we achieve the set goals.
Setting specific goals for each month/year only creates more pressure and causes us to make wrong decisions. I have seen many investors fail for this reason so I think we should avoid making this mistake.

wiss19

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Quote from: EarnOnVictor on June 12, 2024, 03:21:04 AM

The truth is that the $120,000 is very feasible to be hit by Bitcoin, even in this current bullish season, but we should also think minimally and apply some caution so that it will not mislead us. Besides, let me sound this as a note of warning to you, no one knows what will happen in Bitcoin emphatically, we are all trying to speculate. For this, anyone whose speculation is not constructive enough should be disregarded. Fine, you heard that Bitcoin would hit $120,000, asking how from those who said so is a very good way to start. This is how you know they are serious with their utterance.

But for me, the market is difficult to speculate at an upper end that it has never reached before and I believe those who are predicting such are only doing some kind of guesswork. This could be based on the assumption of what they feel have happened and using it to guess what could happen afterwards. But the market doesn't work like that, it can disappoint the most promising guesses at times.

Lastly, we need a break of the current ATH at $73,830 to start with, and if that level could be breached successfully with a serious bullish trend confirmation, then $100,000 may be possible over time before even thinking of the $120,000.

Being careful and being too careful could be the difference maker for money making. We know that it is going to be something great, it will be 120k, so we should not really avoid it, make as much investment as you can afford to (do not invest money you can't afford to lose) and you should be fine, because it will go up that much without an issue.

I personally believe that the reality we are living today isn't a simple one, and it should take a while to be better, it can't be really all that crazy, it needs to be considered as normal. I personally believe that the best way to approach this would be just realizing that we are going to be doing just fine, so investing without fear is a good idea and everyone should try to do that.

Moreno233

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Quote from: STT on June 20, 2024, 07:44:44 PM

Think about the giant spike required to get 120k now, its double the price in just 5 months before year end. I wont say its not possible but its not healthy and we shouldn't really wish for it if wanting BTC to grow as best it can. If all we see is BTC repeat 50 to 70k for the rest of the year then I'd opt for that scenario as the more healthy of the two; eventually it does lead to better prices by building volume here first.

You are forgetting that Bitcoin can move when it really want to and doing X2 within 5 months is the least obstacle that it can break. Even when it is not necessary to expect so much given the uncertainties surrounding Bitcoin, it is also good to check past records to see what is possible in the future. From November last year to January this year, Bitcoin price doubled, this is just 3 months interval, although most of the moves was attributed to the halving. But the point is that it is very much possible for price to double within 5 months.

We are approaching the second part of this year, a time that Bitcoin usually do so well from past records. I believe we will begin to see more momentum in the market as we approach the end of the year and price might possibly hit the peak early part of next year.

Nwada001

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Quote from: Russlenat on June 20, 2024, 07:32:32 PM

First, it's $100k, then $120k and others predicted it into $150k, I believe bitcoin will achieve them in its perfect timing. But for now, seeing the price could hardly even crossed $70k again, I think it's more practical to set $80k first as it's new all time high. Hopefully, we will come to see it even before year end, as long as bitcoin won't be affected by sudden big and negative news that will pull its price down again.

Most times, what I see in price speculation is actually not what people are expecting. Before Bitcoin crossed $73k last time, when it was struggling to even leave the $20+ level, traders's speculation was that we were going to break the new ATH soon, and there was not much of a certain price to reach given until the recent spark that took it to $73k, which took a lot of us by surprise.

I still believe what we see now in the market is just a little setback, and if Bitcoin overtakes that $80,000, it can be reached within a week. Reaching that price is very certain for Bitcoin. The only uncertainty here is the timing; we don't know exactly when it will happen.

STT

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120k isnt happening this year, this thread is way too soon and if anything its bearish to have a thread like this. When people jump the gun, over anticipate its not a good sign generally for BTC growth to surprise when its already expected.

Think about the giant spike required to get 120k now, its double the price in just 5 months before year end. I wont say its not possible but its not healthy and we shouldn't really wish for it if wanting BTC to grow as best it can. If all we see is BTC repeat 50 to 70k for the rest of the year then I'd opt for that scenario as the more healthy of the two; eventually it does lead to better prices by building volume here first.

Russlenat

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Quote from: adam james on June 08, 2024, 03:23:31 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, it's $100k, then $120k and others predicted it into $150k, I believe bitcoin will achieve them in its perfect timing. But for now, seeing the price could hardly even crossed $70k again, I think it's more practical to set $80k first as it's new all time high. Hopefully, we will come to see it even before year end, as long as bitcoin won't be affected by sudden big and negative news that will pull its price down again.

Onyeeze

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Quote from: adam james on June 08, 2024, 03:23:31 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?

sometimes speculation will carry some people away why in the information is a fake information so what I'm saying is that whatever thing that will want to know concerning bitcoin price is on internet you don't need to believe a side information that you acquire from people what you need is that when you hear information you have to process it very well by making a research to know the positivity in that information, bitcoin price is still going up but bitcoin has not gotten to this particular price you mentioned and when bitcoin prices get to the price you mentioned it will be carrying everywhere information willy circulate around the internet that bitcoin price is up to 120k but right now the price is still fluctuating within 66k

uchegod-21

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Quote from: Kelward on June 17, 2024, 04:16:21 PM

Quote from: adam james on June 08, 2024, 03:23:31 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?

Welcome to the forum and as for what you've heard about Bitcoin price reaching $120k, that is not a rumor, it's something that will surely happen. The question that you should be asking is when will this $120k price happen, I doubt that anybody can give you an accurate answer or predictions. What I can tell you is that Bitcoin is a long term project, you buy, hodl and wait for as long as it takes before price will reach your estimated price. If you research Bitcoin history from it's creation till now, you'll understand that it has gained a reputation as a store of value that it's price will continue to increase in every bull run and it'll always reach new ATH price.

I like the response... $120,000 is not a rumour, it is something that must happen, but the problem is that we don't know what time exactly it will happen. So, in order not to miss out, join the bandwagon now there is still time. You can start buying using the famous DCA method. That is the method of buying consistently and as you can afford to buy. I wish you good luck in your investment journey. We are all here for good, but you can also expect the worse. The industry is a two edged sword, it can go either way at any time.

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Quote from: Falconer on June 19, 2024, 02:27:58 PM

Quote from: Kelward on June 17, 2024, 04:16:21 PM

Quote from: adam james on June 08, 2024, 03:23:31 AM

-snip-

Welcome to the forum and as for what you've heard about Bitcoin price reaching $120k, that is not a rumor, it's something that will surely happen.

No, I can't say $120k is definitely going to happen without a really good scenario.
You can't convince someone of something they're not certain of. To reach $120k, bitcoin certainly needs more support from investors and traders which makes market demand high. Bitcoin's market cap will be huge when $120k is reached, so don't make any guarantees that could sway anyone.

But that's what have been happening many bull runs back. Investors are still in support of Bitcoin, we have seen in in 2017, 2021 and hopefully at the end of 2025 as well and push the price to a new all time high. Although there could be arguments that the past is not a guarantee for the future, but here in this market, that value still holds true during bull run and whatever scenario we will have in the future.

So I will still see support in the future no matter what. Bitcoin has been in the worst, (remember pandemic, March 2020?). And investors are so resilient in the next couple of months after that halving and then we go on parabolic rise till November and reaches $69,000. It's just a matter of time, it could be less that $120,000 or even higher as what other projected around $150,000.

BABY SHOES

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Quote from: Falconer on June 19, 2024, 02:27:58 PM

No, I can't say $120k is definitely going to happen without a really good scenario.
You can't convince someone of something they're not certain of. To reach $120k, bitcoin certainly needs more support from investors and traders which makes market demand high. Bitcoin's market cap will be huge when $120k is reached, so don't make any guarantees that could sway anyone.

Leave for yourself this certainty so don't give certainty to others this is not necessarily when the time is right, when someone asks if bitcoin will go up then I answer YES, but I don't know when it's certain maybe my prediction could be wrong.

But always be optimistic for yourself that bitcoin will go to $120K at least $100K.

When the price of bitcoin goes to $120,000 then the current capitalists will double in the future, but we never know just hope this will happen soon in the near future, just waiting for the time we will find out.

stomachgrowls

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Quote from: adam james on June 08, 2024, 03:23:31 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?

If we do tend to speak about having that x2 on the current price then it is really that something attainable or reachable on which it isnt really that too far off, but the main question on here is that
no one really knows on what would happen in the future but basing up on the current market cycle on which we arent that still on a bull run yet then it would really be the best time for us to make some
DCA or accumulation while the price is still cheap or still low before that train would really be having that moonshot. The thing you should really be having in mind is not to make yourself that being too rushed
when it comes price predictions or speculations on which we know that this is something that cant really be predicted in the first place.

This is why it would really be always that better that you shouldnt be rushing up yourself with those numbers and also the main rule of this market is to expect
the unexpected because no one really knows on what would happen in the future.

Falconer

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Quote from: Kelward on June 17, 2024, 04:16:21 PM

Quote from: adam james on June 08, 2024, 03:23:31 AM

-snip-

Welcome to the forum and as for what you've heard about Bitcoin price reaching $120k, that is not a rumor, it's something that will surely happen.

No, I can't say $120k is definitely going to happen without a really good scenario.
You can't convince someone of something they're not certain of. To reach $120k, bitcoin certainly needs more support from investors and traders which makes market demand high. Bitcoin's market cap will be huge when $120k is reached, so don't make any guarantees that could sway anyone.

Quote from: Kelward on June 17, 2024, 04:16:21 PM

The question that you should be asking is when will this $120k price happen, I doubt that anybody can give you an accurate answer or predictions. What I can tell you is that Bitcoin is a long term project, you buy, hodl and wait for as long as it takes before price will reach your estimated price. If you research Bitcoin history from it's creation till now, you'll understand that it has gained a reputation as a store of value that it's price will continue to increase in every bull run and it'll always reach new ATH price.

$120k is the price that bitcoin might reach in the coming year if the bullishness continues. In fact, we never really know whether $100k can be achieved for various reasons, but all of that is just a possibility while we are still on the path of Bitcoin's bullish cycle after the halving.

Faisal2202

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Quote from: Marvell1 on June 19, 2024, 06:16:19 AM

To be fair, none of us knew what was going on. Some people rely on history and believe that the real bull season is not yet here, while some people think that bitcoin creating a new ATH proves that the bull season started a long time ago and is gradually ending when there are many recent adjustments. According to my observations, the market is divided into two camps and each person has their own opinion about the market, it is difficult to know who is right and who is wrong.

As I said before, if most of people think the market is bullish then it will be bullish or otherwise. So considering this, if most people think the bull run has not started yet then the bull run will come as these most people must be holdings a lot of BTC waiting for another ATH so they would take more profit. Therefore market will be forced to make new ATH otherwise if most people are thinking bull run has already started then it is and the overall market sentiments will change. So yeah if we could count the number we will know who is right and who is wrong.

Quote from: Marvell1 on June 19, 2024, 06:16:19 AM

There is a huge gap between my prediction and yours, so it is understandable that you are surprised by my prediction. Even though the market is having bad developments, I still haven't changed my view about the market, let's wait and see what bitcoin's final ATH will be when this bull cycle ends.

The Market is not having bad developments as I think it is correcting itself so it's a good thing. Surprise is also a good thing and it will be best if it get real.

Marvell1

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Quote from: Faisal2202 on June 17, 2024, 03:38:18 PM

Quote from: Marvell1 on June 09, 2024, 10:16:31 AM

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.

I was not trying to be modest just shared what I get from others. We all know the BTC market flows with the sentiments of its users (buyers and sellers) if most of the users are saying it can't touch this target the chances of touching it decrease as most of the members just can't fake it. But the wise one takes advantage of the situation by taking early actions to book or take entries.

I am quite amazed to hear that BTC can still touch $180k or $200k in this bull run. I think bull run is already started as BTC has made new ATH. As BTC price has increased rapidly and this indicates bull run. Now we are seeing the bull run and if you say we yet to see the full potential of it yet. Then that's a relief to my mind. I really hope it will touch that target in this bull run but to me it is modest prediction.

To be fair, none of us knew what was going on. Some people rely on history and believe that the real bull season is not yet here, while some people think that bitcoin creating a new ATH proves that the bull season started a long time ago and is gradually ending when there are many recent adjustments. According to my observations, the market is divided into two camps and each person has their own opinion about the market, it is difficult to know who is right and who is wrong.

There is a huge gap between my prediction and yours, so it is understandable that you are surprised by my prediction. Even though the market is having bad developments, I still haven't changed my view about the market, let's wait and see what bitcoin's final ATH will be when this bull cycle ends.

Kelward

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Quote from: adam james on June 08, 2024, 03:23:31 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?

Welcome to the forum and as for what you've heard about Bitcoin price reaching $120k, that is not a rumor, it's something that will surely happen. The question that you should be asking is when will this $120k price happen, I doubt that anybody can give you an accurate answer or predictions. What I can tell you is that Bitcoin is a long term project, you buy, hodl and wait for as long as it takes before price will reach your estimated price. If you research Bitcoin history from it's creation till now, you'll understand that it has gained a reputation as a store of value that it's price will continue to increase in every bull run and it'll always reach new ATH price.

Faisal2202

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Quote from: Marvell1 on June 09, 2024, 10:16:31 AM

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.

I was not trying to be modest just shared what I get from others. We all know the BTC market flows with the sentiments of its users (buyers and sellers) if most of the users are saying it can't touch this target the chances of touching it decrease as most of the members just can't fake it. But the wise one takes advantage of the situation by taking early actions to book or take entries.

I am quite amazed to hear that BTC can still touch $180k or $200k in this bull run. I think bull run is already started as BTC has made new ATH. As BTC price has increased rapidly and this indicates bull run. Now we are seeing the bull run and if you say we yet to see the full potential of it yet. Then that's a relief to my mind. I really hope it will touch that target in this bull run but to me it is modest prediction.

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Quote from: NicNacCoin on June 12, 2024, 07:30:28 PM

Quote from: adam james on June 08, 2024, 03:23:31 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?

Whether you are new or old, there is nothing to disbelieve the rumors you have heard about the price of Bitcoin that could definitely happen by 2025. If you research the price of Bitcoin, you can see that Bitcoin can naturally reach $100,000 by 2024 and $100,000 to $170,000 by 2025. Currently the Bitcoin market is looking to rise from $70k to $67k but this market volatility definitely follows a good direction.

The 4-year period will fall in 2025 when a new ATH will be formed, even though there has been a previous ATH and it will happen again. I agree with you that it is not impossible that by the end of this year. bitcoin will be able to reach a price of $ 100K and when it reaches a new ATH it could reach its highest point, I myself cannot conclude how much it will happen, and it is possible that your prediction will happen and this will give a boost to other coins.

sunsilk

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Quote from: lixer on June 16, 2024, 04:48:43 AM

My advice is to invest in Bitcoin using the DCA method as it stands now if BTC goes up from here we will still be in profit and if BTC goes down we still have a good chance. There will be more buying and saving except that I can't say anything because I also don't know the future,

Just make DCA a habit. You're investing in your future and by doing this as the type of saving as an individual, you're preparing for your life on how to deal with a brighter future.

Those that haven't done it yet and just like to lurk to the community and people who have done it, they're wasting their times and will keep on looking at how time passes by until they miss everything out.

Quote from: lixer on June 16, 2024, 04:48:43 AM

like everyone else I can only speculate and I hope that $120k or $150k is reached, but I would say the price can at least touch $100k considering the movement of BTC so far.

I hope that it will reach soon but I guess this is the hardest part on this waiting game. While we do believe that these prices are going to be reached but we don't know when and this might trigger people's patience if it didn't reached it at the time they're expecting it to be.

But as what winners are doing, they never give up so never give up on waiting for it whether how long it takes for us to wait.

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Quote from: $weetne$$ on June 09, 2024, 06:57:51 AM

Quote from: adam james on June 08, 2024, 03:23:31 AM

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.

Bitcoin is just one of the best and most successful projects in the cryptocurrency market that has been running for years but I'm a realistic person and I'm not an expert and I can't say anything based on speculation because I have been in the crypto market for years and I know how high anything can go and suddenly come down as Bitcoin went from $69k to $16k so there is a lot more ahead of time.

My advice is to invest in Bitcoin using the DCA method as it stands now if BTC goes up from here we will still be in profit and if BTC goes down we still have a good chance. There will be more buying and saving except that I can't say anything because I also don't know the future, like everyone else I can only speculate and I hope that $120k or $150k is reached, but I would say the price can at least touch $100k considering the movement of BTC so far.

STT

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120k will happen its only the time frame that is to be decided on that question and also some debate on this cycle or the next. BTC has a kind of sine wave pattern in a very erratic volatile way, the graph viewed in a macro way fits the cycle back and forth imo. The main relevance to that view is the steady inclination, the low of this cycle is still higher then the last and so to the highs are higher then the last and thats the part everyone pays most attention to.

Quote

$100000 is what we are expecting for now

100k is just a round number and by the time we get there it will have melted away some more. If we do get to 100k and people decide thats possible, you might as well believe 120k occurs because I do doubt we stop right at a round number. For 100k to be the top it must be that BTC was stalling long before it got there and somehow only just managed to grasp that number before falling, theres no real resistance at round numbers.

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Quote from: tygeade on June 14, 2024, 01:10:01 AM

I would say that we are going to probably see some more increases on this and next quarter as well, yeah a lot of people think that it will not happen but I think it is not going to be that impossible, we should see this as a possibility and not really approach it as a bad thing. I hope that people could see how we could check this out and not really end up with anything that crazy.

I believe that we are going to see something that will take a while, it is just going to be something that will only make sense if we know what we are doing. I hope that 120k happens this year, just saying that we are probably going to end up with something that will take a while, and that is not going to be easy, and we should probably consider that as troublesome.

The reality is that summers are usually quite slower because most people are at vacation, and even wall street likes to go to beach. Which means that we are not going to end up with anything good at any given time, we are going to end up with some trouble, and it won't really matter at all.

We should consider how to get people to get moving, and bitcoin is something that works on hype, isn't it? This is why I think it's quite clear that we are going to end up with not that much increase due to people not being in a place to be hyped. If you are at some beach, how can you get hyped about bitcoin at all? That will not be possible and that is why I think we should consider summer to be a time when we could go up and that's why it will stay about the same.

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Quote from: Dr.Bitcoin_Strange on June 13, 2024, 08:45:36 AM

Quote from: $weetne$$ on June 12, 2024, 09:30:44 AM

Quote from: Dr.Bitcoin_Strange on June 09, 2024, 03:40:36 PM

Currently we are in the bull season and most are speculating for $85k - $100k+ which I am not sure when Bitcoin will also reach that price but I believe that the price might get to $80k before the end of this year.

We should be above that price by the end of the year, the market is more bullish than it was last year because we have had the Halving done already and the next thing that is supposed to follow is the price of Bitcoin seeing a new highest price as it has always done in the last bull cycle.

It's not certain, bro, that the market is so bullish this year compared to last year, which is not a very big factor that can not be neglected by volatility. For the first and second quarters of the year, Bitcoin can actually be very bullish but might have a very big negative price towards the end of the year. Not that it will dump towards the end of the year, but what I mean is that nothing is guaranteed. In the crypto space, there's a saying that "nothing is impossible." Just as Bitcoin is currently around $67k, there might just come up a vast amount of good news that can make the price spike to $80k by next month, and if it's also negative news, it could drop to $50k depending on the news.

Last year though is not considered a bullish year as usually, or at least from what I observed, technically we are in a bull run after the halving which is just about last month. But I do agree that volatility is one factor that we need to look at even if we are done with the halving and that's why there's not much of a sudden movement.

So who knows, this month might be on a downturn, nevertheless the next quarter could be huge for us specially at the end of the year wherein historically in a bull run, we will see the price really spiking out of control and maybe $80k or even higher could be reach by that time.

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Quote from: Dr.Bitcoin_Strange on June 13, 2024, 08:45:36 AM

It's not certain, bro, that the market is so bullish this year compared to last year, which is not a very big factor that can not be neglected by volatility. For the first and second quarters of the year, Bitcoin can actually be very bullish but might have a very big negative price towards the end of the year. Not that it will dump towards the end of the year, but what I mean is that nothing is guaranteed. In the crypto space, there's a saying that "nothing is impossible." Just as Bitcoin is currently around $67k, there might just come up a vast amount of good news that can make the price spike to $80k by next month, and if it's also negative news, it could drop to $50k depending on the news.

I would say that we are going to probably see some more increases on this and next quarter as well, yeah a lot of people think that it will not happen but I think it is not going to be that impossible, we should see this as a possibility and not really approach it as a bad thing. I hope that people could see how we could check this out and not really end up with anything that crazy.

I believe that we are going to see something that will take a while, it is just going to be something that will only make sense if we know what we are doing. I hope that 120k happens this year, just saying that we are probably going to end up with something that will take a while, and that is not going to be easy, and we should probably consider that as troublesome.

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Quote from: $weetne$$ on June 12, 2024, 09:30:44 AM

Quote from: Dr.Bitcoin_Strange on June 09, 2024, 03:40:36 PM

Currently we are in the bull season and most are speculating for $85k - $100k+ which I am not sure when Bitcoin will also reach that price but I believe that the price might get to $80k before the end of this year.

We should be above that price by the end of the year, the market is more bullish than it was last year because we have had the Halving done already and the next thing that is supposed to follow is the price of Bitcoin seeing a new highest price as it has always done in the last bull cycle.

It's not certain, bro, that the market is so bullish this year compared to last year, which is not a very big factor that can not be neglected by volatility. For the first and second quarters of the year, Bitcoin can actually be very bullish but might have a very big negative price towards the end of the year. Not that it will dump towards the end of the year, but what I mean is that nothing is guaranteed. In the crypto space, there's a saying that "nothing is impossible." Just as Bitcoin is currently around $67k, there might just come up a vast amount of good news that can make the price spike to $80k by next month, and if it's also negative news, it could drop to $50k depending on the news.

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Quote from: adam james on June 08, 2024, 03:23:31 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?

Whether you are new or old, there is nothing to disbelieve the rumors you have heard about the price of Bitcoin that could definitely happen by 2025. If you research the price of Bitcoin, you can see that Bitcoin can naturally reach $100,000 by 2024 and $100,000 to $170,000 by 2025. Currently the Bitcoin market is looking to rise from $70k to $67k but this market volatility definitely follows a good direction.

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Quote from: adam james on June 08, 2024, 03:23:31 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?

Since this is a bitcoin forum, it should be obvious that the majority of the members here believe that level can be reached, personally I think that price is reachable during the current bull run, but we may not see it until the next year, however you need to learn to form your own opinion, as listening to the rumors, even if on this particular case the rumors seem to be correct, could lead you to make mistakes you would not do, if you could more or less predict the overall direction of this market on your own.

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As usual - I and everyone here don't know for sure when the price of bitcoin will break above $100K. Prices may rise faster than expected - but the main thing is; how much can you have in a market situation like this. You need to focus on how to build a good portfolio so you can make a profit - so ignore for a moment when that $120K will happen.

If you don't have any bitcoin - it's useless to hope that the price will reach $120K. You will not get anything other than just seeing the euphoria of holders who managed to get double returns from their investments. So - focus on the portfolio, that's the most important thing.

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It could happen the question is when would it happen?
If we would base it on the previous record we could say that the price would only go up, it is only a matter of time before it hits 6 digit.
And most of us are anticipating it, might happen this year since we still have more than 6 months before this year ends.
I think most of us are or was expecting it to reach 6 digit before or after the previous halving that occurred on April.

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Quote from: Dr.Bitcoin_Strange on June 09, 2024, 03:40:36 PM

Currently we are in the bull season and most are speculating for $85k - $100k+ which I am not sure when Bitcoin will also reach that price but I believe that the price might get to $80k before the end of this year.

We should be above that price by the end of the year, the market is more bullish than it was last year because we have had the Halving done already and the next thing that is supposed to follow is the price of Bitcoin seeing a new highest price as it has always done in the last bull cycle. Bitcoin current highest price is somewhere above $73,000 therefore if we're predicting a new highest price we should be looking at values closed to $100,000 or slightly above it but I think $100,000 should be where we should be trading at by the end of the year. I would not be surprise though if we are trying more than that because the market is already too bullish as I said earlier. We have Bitcoin spot ETF that brings alot of institutional investors into the market and it should contribution to the price of Bitcoin rising higher.

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Quote from: adam james on June 08, 2024, 03:23:31 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?

The truth is that the $120,000 is very feasible to be hit by Bitcoin, even in this current bullish season, but we should also think minimally and apply some caution so that it will not mislead us. Besides, let me sound this as a note of warning to you, no one knows what will happen in Bitcoin emphatically, we are all trying to speculate. For this, anyone whose speculation is not constructive enough should be disregarded. Fine, you heard that Bitcoin would hit $120,000, asking how from those who said so is a very good way to start. This is how you know they are serious with their utterance.

But for me, the market is difficult to speculate at an upper end that it has never reached before and I believe those who are predicting such are only doing some kind of guesswork. This could be based on the assumption of what they feel have happened and using it to guess what could happen afterwards. But the market doesn't work like that, it can disappoint the most promising guesses at times.

Lastly, we need a break of the current ATH at $73,830 to start with, and if that level could be breached successfully with a serious bullish trend confirmation, then $100,000 may be possible over time before even thinking of the $120,000.

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I think, it will going to happen in the future and it will be favourable if you can settle down to learn and have the knowledge of Bitcoin, because it never too late for anyone to learn decentralized currency, but there are some people will conclude that is too late for them to learn. If you look where Bitcoin price is coming from and where the price has reached in the market, you will agree with me that the price of Bitcoin will going to reach $120,000 before the end of 2027, because holders are still expecting $90,000 before the end of this year before they can release their Bitcoin. For many hodlers to experience that amount in the market, they need to exercise patience in their holding, because the price will definitely come to reality in the future.

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Quote from: justdimin on June 11, 2024, 04:54:52 AM

Quote from: adam james on June 08, 2024, 03:23:31 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?

This will definitely happen, I do not know when it will happen but I am sure that it will happen. What we are going to need is a lot of people who trust that it will happen, because if people trust it then they will either buy or they will simply not sell. However, right now there are way too many weak hands in the market, and they keep selling whenever there is even a small drop, and that can't be all that great for the market.

Plus, we need to realize that it is not going to be easy to make that money back when it goes back up, so we need to learn to hold it as much as we possibly could, that would make things a lot better for us. The greatest thing we could do right now would be just making sure that things are going greater.

These type of thinking will end up with something much better, it should not be really all that complicated at all, it should be something that will be a lot better when you think about it and this is why I believe that we are going to just end up with something much better. I do understand that it may not get all that complicated and it may not be all that easy to handle, but the reality is that we are going to be doing something we should not be doing by keep trading.

People who look at it should just realize that bitcoin price will go up, and as long as it could keep going, we could probably make as much money as we possibly could and that should be the most important part, if we do that then we will win. Just keep holding.

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Quote from: adam james on June 08, 2024, 03:23:31 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?

This will definitely happen, I do not know when it will happen but I am sure that it will happen. What we are going to need is a lot of people who trust that it will happen, because if people trust it then they will either buy or they will simply not sell. However, right now there are way too many weak hands in the market, and they keep selling whenever there is even a small drop, and that can't be all that great for the market.

Plus, we need to realize that it is not going to be easy to make that money back when it goes back up, so we need to learn to hold it as much as we possibly could, that would make things a lot better for us. The greatest thing we could do right now would be just making sure that things are going greater.

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Quote from: dezoel on June 09, 2024, 11:58:03 PM

Quote from: aylabadia05 on June 09, 2024, 04:25:06 AM

Nah, BTC didn't hit $120k yet. But no doubt that BTC has a history of great price increases. There are some patterns too that we can look at like every after 4 years. The $70k that you mean had happened in 2021 and if we count it from there to this current year, where are new ATH have been achieved already, I think that was only 3 years (not 4).

That's right. prices below $70,000 have occurred in the year you mentioned. In 2024, March, the price chart reached $73,777.00. The price increase several times that passed the ATH price in 2021 was beyond the expectations of many speculators and for me it was a surprise. But it became material to add strength to speculators after the halving occurred where $100,000 was the expected price as the beginning of higher predictions.

Quote from: dezoel on June 09, 2024, 11:58:03 PM

Many are still saying that the momentum will continue till next year. There are lots of ways to make a good amounts of profits here in crypto that doesn't require waiting for that big milestone in BTC. And that is even not guarantee, despite BTC being a great crypto. So, people should not only hold on to that promise.

We'll see around August. My estimate is that August could be a good momentum for the Bitcoin market price to become bullish.
If the situation is still stable, it is possible next year. Try to pay attention to the RSI if you are often in front of the monitor.

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Well we can not know if this is true for Bitcoin to reach $120,000. But I think there is many of us investors that is ‘bullish’ and think price will be much more then this.
For me it not if that price will happen. But when will that price happen. If this is the price point of $120,000 that you are waiting for it to reach, then just keep on hodling.
We still have alot of time to get here but this price may even happen sooner then we all think.

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Quote from: aylabadia05 on June 09, 2024, 04:25:06 AM

Quote from: adam james on June 08, 2024, 03:23:31 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.

Nah, BTC didn't hit $120k yet. But no doubt that BTC has a history of great price increases. There are some patterns too that we can look at like every after 4 years. The $70k that you mean had happened in 2021 and if we count it from there to this current year, where are new ATH have been achieved already, I think that was only 3 years (not 4).

Many are still saying that the momentum will continue till next year. There are lots of ways to make a good amounts of profits here in crypto that doesn't require waiting for that big milestone in BTC. And that is even not guarantee, despite BTC being a great crypto. So, people should not only hold on to that promise.

EFS

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Welcome to the forum. You registered 8 months ago but just posted your first message. If you have read the forum and especially this Speculation section during this time, you will have seen that similar threads has been opened. When will Bitcoin be $100.000? When will it be $120.000? There are many similar topics. Yes, Bitcoin will probably be $120.000 one day. The important thing is how much Bitcoin you can accumulate until then. I think you should focus on that and try to increase the amount you have.

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What you heard is not rumors but basic speculation from Bitcoiners and some price experts and they are not wrong to say that Bitcoin will get to $120k but the little uncertainty there is that no body can tell you the particular time or month that Bitcoin is expected to hit $120k. If you hear that Bitcoin will get to $120k, that's right but it is not easy to know when the price will come to light. Currently we are in the bull season and most are speculating for $85k - $100k+ which I am not sure when Bitcoin will also reach that price but I believe that the price might get to $80k before the end of this year.

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Quote from: Faisal2202 on June 08, 2024, 04:48:09 PM

Quote from: adam james on June 08, 2024, 03:23:31 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, 03:23:31 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.

$weetne$$

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Quote from: adam james on June 08, 2024, 03:23:31 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, 03:23:31 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.

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Quote from: mirakal on June 08, 2024, 07:59:08 PM

Quote from: adam james on June 08, 2024, 03:23:31 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, 07:59:08 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.

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Quote from: adam james on June 08, 2024, 03:23:31 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, 03:23:31 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.

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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, 03:23:31 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, 03:23:31 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, 03:23:31 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, 03:23:31 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.

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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, 05:45:24 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.

Dunamisx

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Quote from: adam james on June 08, 2024, 03:23:31 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

legendbtc

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Quote from: adam james on June 08, 2024, 03:23:31 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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Quote from: adam james on June 08, 2024, 03:23:31 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?

Welcome to Bitcointalk and I hope your stay here will be fruitful. You didn't specify the source of your prediction but everyone is free to speculate. Everybody has their predictions about the price of Bitcoin but none of them is certain. Some people predicted that Bitcoin would crash but it has not come to pass. Others have also speculated that the price will go above $120k, we are still waiting for this to happen. But sincerely Bitcoin can even get to any price but it depends on different economic and political factors. I predict the coin will reach $100k because the world economy is recovering gradually. Some major economies in Europe have recently reduced interest rates and it is also predicted that the UK and US might also take the same decision in a few months. Spot Bitcoin ETF approval in the US, Hong Kong and Australia is also a plus to the price of Bitcoin.

This thread belongs to speculation.

Essential10

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Welcome to the Bitcoin Forum. I don't know exactly how much experience or how long you know about Bitcoin. When Bitcoin was under $20k last year did you think it would go over $70k in the current market, did you think this was a rumor? Don't you think bitcoin price will reach $120k in current year with this trend of bitcoin. Although the price of Bitcoin is very volatile, I think it is possible for Bitcoin to reach $120k in the future, if you want that time moment, you must hold on to Bitcoin investment.

boyptc

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Quote from: adam james on June 08, 2024, 03:23:31 AM

I am new to BitcoinTalk BTC

Welcome.

Quote from: adam james on June 08, 2024, 03:23:31 AM

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

Those are not rumors but predictions.

Go to the Speculation board and you'd see higher price predictions for Bitcoin.

--> https://bitcointalk.org/index.php?board=57.0

And it is only going to be a matter of time until we all see those price predictions come into reality.

Don Pedro Dinero

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With a very high probability, it will pass this cycle, most likely this year. But if you are new I think what is attracting you to bitcoin is precisely that, its revaluation potential and I would advise you to be interested in its other aspects, about its nature and how it works, which is what makes it so valuable.

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Quote from: adam james on June 08, 2024, 03:23:31 AM

I am new to BitcoinTalk BTC

First get acquainted with everything you are lacking in terms of basic knowledge. And everyone here always welcomes you.

Quote from: adam james on June 08, 2024, 03:23:31 AM

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

It's like you hear rumors about anything in life but it's just speculation about the future. But in this case we have a lot of evidence to see that coming true, but I'm curious how it would make you feel about this? Like whether you intend to hold bitcoin or not?

But anyway, encourage everyone to find out what it is first, then make the decision you want and be responsible for what you do, don't just depend on your own judgments incredulously.

Oshosondy

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Bitcoin may still increase to $120000 but $100000 is what we are expecting for now. We still have the remaining part of this year and also the whole next year for bitcoin bull run. That is enough for bitcoin to get to $120000. But nobody knows the future. What that we know is that bitcoin may be slow and not increasing in price for some time but this will later change. I am still optimistic that bitcoin price will increase above $100000 and higher. But we just have to be very patient about it.

adam james

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I am new to BitcoinTalk BTC

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

Topic: $120,000 Bitcoin is going to happened? (Read 555 times)