[2020-01-25] Can Bitcoin Price Hit $424,000 Sometime in Late 2021? - page 2.

Cimmy_revenger

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Quote from: davis196 on January 26, 2020, 08:25:05 AM

In 2017,many people were expecting a bitcoin price above 100K USD in 2018 and around 1M USD at 2019 or 2020.
They were justifying their predictions with technical and fundamental analysis.Did it happen?Nope.
Nowadays,I read such bullish articles for a good laugh and I just move on.It's sad if some people actually believe this BS.The author of the analysis should get a real job and stop wasting his time.

trusting yourself is better than following the news without a clear basis.
bitcoin prices are very volatile, simply a lot of demand but a little supply will make the price of bitcoin quickly rise.
vice versa.

passwordnow

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$125,000 and $424,000 is too much and very high. Well, I guess the high predictions shall come out as they can understand how this market works. It's known that we just came from bear market and knows what's next. And base to the history of bitcoin, they are now giving too much predictions that's giving an excitement to the people who are reading their opinions. Sometimes, it's entertaining to read such high predictions with analysis.

Febo

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Quote from: Real_Person on January 25, 2020, 01:30:38 PM

Can Bitcoin Price Hit $424,000 Sometime in Late 2021?

Hard. $424.000 is a bit to high. I would be more then happy if price goes over $200.000. IT is high possibility that will not be the case.But of course is possible it can go over 400k, but very very low.

sana54210

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There are so many different approaches in the OP's message that I am not sure which one to tackle or discuss. First of all I don't get what people don't understand about the required capital to increase prices in % changes whenever the price is higher. Moving from 1 dollar to 2 dollar was a 100% increase and yet it was much much simpler and required a lot less money versus moving price from 8600 dollars to 8700 dollars. Sure, now we have more people and more money involved but that doesn't mean that price will go as easily as it used to be.

424k is therefore impossible to happen that fast, and maybe not at all because it would require literally a whole stock market worth of money going into bitcoin in the next 2 years, that is not something that will happen at all.

Tduty

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No, there is no chance! Bitcoin has the potential to reach that high price but if you follow the reality then you will realize it is just impossible for Bitcoin to go for 424K! I think Bitcoin won't go that high ever, lots of obstacles will come if Bitcoin cross even 50K USD! Last time BTC's 20k USD did not even last for 15 days! Then the huge dumping started and bear run started, so how can you expect that high within one year? No way!

Darooghe

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We have people saying Crypto and blockchain is the best thing that happened in the last decade. Others say the value in it is biased and therefore it must be a bubble. There is only one truth here, nobody can say for sure, but it appears more and more everyday that not only blockchain but also cryptocurrency have a strong place in the market. I see a bright future for Bitcoin and cryptocurrency as a whole. I think 400,000 USD is far from expected for 2021 but Bitcoin can cross 500,000 US dollars easily in this decade, Because might be the 3rd halvening is already priced in, but I am sure the 4th and 5th isn't priced in yet.

iamaruf

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Quote from: Real_Person on January 25, 2020, 01:30:38 PM

Can Bitcoin Price Hit $424,000 Sometime in Late 2021?

This is just an imagination.even its hard to reach 100k$ in 2021 but talking about 400k$+. Don’t think so high in short time.I am not telling that bitcoin can't cross 400k$ but it will take long time like 20+years from now or more.Why people are predicting so high and hoping that it will be.

Latviand

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Quote from: bitcampaign on January 27, 2020, 05:06:52 AM

Quote from: bassbity on January 26, 2020, 08:15:51 AM

Quote from: bitcampaign on January 26, 2020, 03:25:20 AM

a lot of people's expectations about 2021 that the price of bitcoin will take the highest price and reach ATH in the next year, but back to all those who hold bitcoin now, do they only hold it, give a little time to introduce bitcoin to people around you, at least it can help bitcoin and the crypto market continue to grow into large also bring in a lot of adoptions that will make value big in the future, don't expect prices to touch $ 400k if this method is not done from now on

From now on many people have introduced bitcoin to the public so that they know more about the benefits of investing in this coin especially by talking about the increase in the following year, this year too many have predicted prices before halving occurs.
2021 will be a good year where we will see the growth of bitcoin more rapidly throughout the world.

yes that's what is expected and not just making speculations, making hopes will not help to make an impact on the price of bitcoin, start now campaigning about bitcoin and analysis for next year to people out there, I also invite some people at my workplace to learn about bitcoin and blockchain technology, introducing how it works and it will be very helpful to push new people into the crypto world

The point here is that, these people who are making unrealistic assumptions of how high the market value of Bitcoin would reach in the future, are just pushing many people to invest with hopes of earning huge profit someday. But this is totally wrong, many people are being carried away to much, but also, since the market value is volatile, they are becoming disappointed whenever the market value is dipping. Many people are losing huge money because they don't know the 'game' in this industry.

bitcampaign

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Quote from: bassbity on January 26, 2020, 08:15:51 AM

Quote from: bitcampaign on January 26, 2020, 03:25:20 AM

a lot of people's expectations about 2021 that the price of bitcoin will take the highest price and reach ATH in the next year, but back to all those who hold bitcoin now, do they only hold it, give a little time to introduce bitcoin to people around you, at least it can help bitcoin and the crypto market continue to grow into large also bring in a lot of adoptions that will make value big in the future, don't expect prices to touch $ 400k if this method is not done from now on

From now on many people have introduced bitcoin to the public so that they know more about the benefits of investing in this coin especially by talking about the increase in the following year, this year too many have predicted prices before halving occurs.
2021 will be a good year where we will see the growth of bitcoin more rapidly throughout the world.

yes that's what is expected and not just making speculations, making hopes will not help to make an impact on the price of bitcoin, start now campaigning about bitcoin and analysis for next year to people out there, I also invite some people at my workplace to learn about bitcoin and blockchain technology, introducing how it works and it will be very helpful to push new people into the crypto world

msarro

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Since 2017 the community is waiting for bitcoin to reach its ATH but no success and we have speculations that bitcoin is going to cross 400k$. I don't think bitcoin is going to cross 400k$ without reaching its ATH of 19k$.

killerfrost

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Quote from: davis196 on January 26, 2020, 08:25:05 AM

In 2017,many people were expecting a bitcoin price above 100K USD in 2018 and around 1M USD at 2019 or 2020.
They were justifying their predictions with technical and fundamental analysis.Did it happen?Nope.
Nowadays,I read such bullish articles for a good laugh and I just move on.It's sad if some people actually believe this BS.The author of the analysis should get a real job and stop wasting his time.

It's his job, he makes analytics to attract followers and he can be famous in this market. I used to know a lot of people in my country, they made bullshit analyzes but there were so many followers. He then encouraged many people to buy shitcoin and he made a lot of profits from it. Btw I believe that the price of bitcoin will never go up to $ 424,000, which is a price that's too high for the true value of bitcoin.

palle11

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2021 is just 12 months time and price is still below $9,000. I don't know how that will fly to $424,000. This time is very close for me to speculate as this high .

Viscore

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Another ridiculous forecast, but who are we to judge such prediction when bitcoin has reach at this level from almost nothing in value?
Maybe I would say that the prediction is quite unrealistic but it could happen, provided the hype is on and the FOMO is going for quite a long period.

At one look, it could be impossible but if bitcoin starts pumping this year and we end up $100K, and will continue in 2021, things will likely to happen.

So, here we go with the interesting part. let's compute.
let's say I invested $1,000 at the current price now, which means I would get 0.1185 per http://preev.com/, so if the price hits $424,000, I would turn my money to $50,244 and that is x50 increase. looks possible now? yes. because Bitcoin increased x1000 in the past.

Wexnident

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That's the point. IF and only IF Bitcoin could stay above the 20MA support. And honestly speaking, it really looks impossible. Even if we compare it to how BTC has moved in the past, it still seems close to impossible. Just from the fact that the situation then and now are different, especially with the amount of attention BTC has right now, it making to above $100k by the end of the year seems closer to a dream instead of a reality.

Quote from: davis196 on January 26, 2020, 08:25:05 AM

In 2017,many people were expecting a bitcoin price above 100K USD in 2018 and around 1M USD at 2019 or 2020.
They were justifying their predictions with technical and fundamental analysis.Did it happen?Nope.
Nowadays,I read such bullish articles for a good laugh and I just move on.It's sad if some people actually believe this BS.The author of the analysis should get a real job and stop wasting his time.

I guess they got ahead of themselves because of how the bubble of 2017 happened. With that happening, I'd guess anyone would believe that BTC would turn into bullish for a long run.

davis196

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In 2017,many people were expecting a bitcoin price above 100K USD in 2018 and around 1M USD at 2019 or 2020.
They were justifying their predictions with technical and fundamental analysis.Did it happen?Nope.
Nowadays,I read such bullish articles for a good laugh and I just move on.It's sad if some people actually believe this BS.The author of the analysis should get a real job and stop wasting his time.

Eternad

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There should be more legit basis. The market is too volatile to do and many still doubts in it's use and adoption. The price always struggling to reach a new level to break. The resistance still hard to break there is a need for a more pushy process that will make the adoption happen. These will not consider as cycle since its changing m in different aspects.

bassbity

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Quote from: bitcampaign on January 26, 2020, 03:25:20 AM

a lot of people's expectations about 2021 that the price of bitcoin will take the highest price and reach ATH in the next year, but back to all those who hold bitcoin now, do they only hold it, give a little time to introduce bitcoin to people around you, at least it can help bitcoin and the crypto market continue to grow into large also bring in a lot of adoptions that will make value big in the future, don't expect prices to touch $ 400k if this method is not done from now on

From now on many people have introduced bitcoin to the public so that they know more about the benefits of investing in this coin especially by talking about the increase in the following year, this year too many have predicted prices before halving occurs.
2021 will be a good year where we will see the growth of bitcoin more rapidly throughout the world.

Images21

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While I believe Bitcoin is still the wild wild west until now, I don't think it is possible for its price to climb as high as that next year. I don't even believe that Bitcoin will reach $100,000 3 years from now.

bitcampaign

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a lot of people's expectations about 2021 that the price of bitcoin will take the highest price and reach ATH in the next year, but back to all those who hold bitcoin now, do they only hold it, give a little time to introduce bitcoin to people around you, at least it can help bitcoin and the crypto market continue to grow into large also bring in a lot of adoptions that will make value big in the future, don't expect prices to touch $ 400k if this method is not done from now on

Slow death

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Quote from: Real_Person on January 25, 2020, 01:30:38 PM

Can Bitcoin Price Hit $424,000 Sometime in Late 2021?

This is impossible, these guys keep making these senseless forecasts every time the price increases a lot, until two months ago they were hiding because the price was falling a lot, the point of some of them talked about the possibility of reaching the prices $3000. Now that the price is at $8300 they are diverging in forecasts. one hour they talk about the price increase, hours later they change and talk about a big drop coming.

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