Bitcoin 190K in 2024? | Bitcointalksearch.org

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Quote from: Bd officer on May 12, 2024, 01:37:27 AM

Quote from: tsaroz on March 24, 2024, 08:21:15 AM

A very important event is scheduled to happen this April. Around April 16 or 17. It's bitcoin halving again. i.e. number of bitcoin rewarded for mining a block would be halved. It meas half bitcoin reward for equal task for miner. That would also decrease the liquidity in bitcoin provided by the miners. The miners operate on small margin and many could go on loss if they sold their reward for current price so they won't be willing to sell it unless price moves up. Bitcoin in past have seen a good price boost after the halving. And many prediction models place the future price of bitcoin into 190K.
Is 190K too humble or very generous in your consideration? What's your price plans for selling your holdings?

It is very difficult to predict the price of Bitcoin, many people have made predictions before but the predictions have not been correct. I think it won't be $190k by 2024. We don't know when the bull run will start, hopefully the bull run may start later this year so I think bitcoin price may be between $80-90k this year. Not that bitcoin price will never reach $190k, of course we will see bitcoin price at 190k in future, we just have to wait patiently.

However, I currently have no plans to sell my holdings. I have invested in DCA method, my plan is to continue investing in DCA method for long term.

It's not that it's very difficult, it's that we can't accurately predict the price of bitcoin, bitcoin is unpredictable.

Therefore, when investing in bitcoin, in addition to diligently accumulating bitcoin whenever possible, we should set specific goals for ourselves and should only sell when we achieve the goal. Don't invest by asking for advice from others and asking them to give us goals because they, like us, will not know where the bottom and top of bitcoin will be in each cycle. DCA regularly or buy more every time bitcoin adjusts and sells according to the plan we have set, because everyone's position is different, don't imitate anyone.

blckhawk

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Wouldn't put on that much hope that it will but with the amount of time that's still left in 2024, I think that a low $190k is still a possibility for bitcoin, there's also the fact that the -ber months are pretty good months for bitcoin so there's that, best thing to do now with this hype and ambitious dream price for bitcoin is to just do your thing, buy low and sell high if you can or just do your typical DCA routine, you won't have any problems doing all of that and if you're mindset in bitcoin investment is that you're in it for the long-term then you're probably going to be fine.

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Quote from: tsaroz on March 24, 2024, 08:21:15 AM

A very important event is scheduled to happen this April. Around April 16 or 17. It's bitcoin halving again. i.e. number of bitcoin rewarded for mining a block would be halved. It meas half bitcoin reward for equal task for miner. That would also decrease the liquidity in bitcoin provided by the miners. The miners operate on small margin and many could go on loss if they sold their reward for current price so they won't be willing to sell it unless price moves up. Bitcoin in past have seen a good price boost after the halving. And many prediction models place the future price of bitcoin into 190K.
Is 190K too humble or very generous in your consideration? What's your price plans for selling your holdings?

It is very difficult to predict the price of Bitcoin, many people have made predictions before but the predictions have not been correct. I think it won't be $190k by 2024. We don't know when the bull run will start, hopefully the bull run may start later this year so I think bitcoin price may be between $80-90k this year. Not that bitcoin price will never reach $190k, of course we will see bitcoin price at 190k in future, we just have to wait patiently.

However, I currently have no plans to sell my holdings. I have invested in DCA method, my plan is to continue investing in DCA method for long term.

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Quote from: FinePoine0 on May 10, 2024, 12:22:46 AM

I don't think it's possible for Bitcoin to hit $190k in 2024, from past halvings I've seen bitcoin bull markets start 100 days to 150 days after the halving starts. But current time and pig market has been held for about 20 days, many more left but next Bullrun will start from 2025. Maybe by the end of 2024 a maximum of $100,000 will be more likely.

for bitcoin to reach this point may be very difficult, considering that it is now almost the middle of the year and bitcoin is still at 61k. this means that if bitcoin wants to reach that point, it needs 1.5 times more, which is very difficult to achieve if you hope for market conditions like today.

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Quote from: FinePoine0 on May 10, 2024, 12:22:46 AM

I don't think it's possible for Bitcoin to hit $190k in 2024, from past halvings I've seen bitcoin bull markets start 100 days to 150 days after the halving starts. But current time and pig market has been held for about 20 days, many more left but next Bullrun will start from 2025. Maybe by the end of 2024 a maximum of $100,000 will be more likely.

Looking at the current market conditions, it can be assumed that the market is going to be somewhat stable at this stage. After observing the direction of subsequent movements we can make a reliable estimate of the level of Bitcoin price movement. However, it is difficult to predict the price of Bitcoin. But there are many of us who would agree that Bitcoin price is not going to $190K early . Of course we need more time for this. Each halving brings the message of a Bitcoin price increase. The Halving we saw last few days ago is no different. But we have to wait. We may see a bull run towards the end of this year but almost everyone has the same view regarding the next year. There is still a lot to happen as this year is still a long way to end.

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Quote from: tsaroz on March 24, 2024, 08:21:15 AM

Is 190K too humble or very generous in your consideration? What's your price plans for selling your holdings?

$190k is speculation and baseless hallucinatory predictions.
It's possible that it could happen, but not now, maybe Bitcoin can reach this level in the next 10-20 years, whether we can see it again or not.

The experience that occurred when the halving occurred on Bitcoin, the price change was not that high, the most change occurred was $10-20k compared to the previous halving, if we had to wait for $190k, I think it would take many more halvings to occur on Bitcoin.

However, in 2024 there will be a lot of undirected speculation and predictions, we will see a lot of greedy speculation visible on the internet, we hope that in the future we will see speculation and predictions of at least 80% remaining the target for Bitcoin.

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Quote from: Dave1 on May 10, 2024, 04:42:33 PM

Yeah, that is too much to ask for the market to grow this year at $190k.

And looking at the current price, it has to grow 3x in the next six month and it might be a difficult task as we need a bigger money source, could be whales, average joe investors to push that high. With that, just let accept what the market will give to us this 2024, I mean we already have established a new all time high. Could be good to see the market establishing new all high time of $80k++.

Maybe the price prediction of $190k will be difficult to grow throughout 2024, even though the rate of increase in market recovery is very drastic it can break the ATH before the halving but we will not be able to predict the market after the halving, based on the history of previous halvings that the market will grow in the following year after the bearish market comes

But we will not be able to predict the future market with exact accuracy, although the average market price can remain in the highest price area but the price in the next few years will still be a surprise whether it will remain in the safe or bearish market zone, so the possibility of $70k- $80k realistically predicted price could be reached this year.

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Quote from: stadus on May 10, 2024, 03:59:09 PM

Quote from: pinggoki on May 10, 2024, 01:55:31 AM

There's like 7 more months before 2025 so I'd say that your price speculation isn't that far off and I don't think that it's generous, seems to me that it's grounded to reality even just a little. I mean look at it, the bitcoin price is going over to 65k+ and it's steady there I think that this halving would make us see a new kind of growth that might not be even in our wildest imagination so I don't believe it's not that high of a price prediction. So, what can we do if we were to expect this kind of event though? I think that the only answer here would be to do your due diligence and do the consistent DCA, you don't want to miss out if this happens and at the same time you're secured because you're buying bitcoin.

Well, knowing bitcoin, it can always surprise us with something new, but I guess having $190k within this year is quite unreachable. The current price may possibly get doubled and reach $120k-$130k only, still below the anticipated price of OP. Although I’m not doubting the price potential of bitcoin, but sometimes we should predict somehow a reasonable price, and I think having $190k may not be possible throughout the year but most likely at the early quarter of 2025.

Yeah, that is too much to ask for the market to grow this year at $190k.

And looking at the current price, it has to grow 3x in the next six month and it might be a difficult task as we need a bigger money source, could be whales, average joe investors to push that high. With that, just let accept what the market will give to us this 2024, I mean we already have established a new all time high. Could be good to see the market establishing new all high time of $80k++.

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Quote from: pinggoki on May 10, 2024, 01:55:31 AM

There's like 7 more months before 2025 so I'd say that your price speculation isn't that far off and I don't think that it's generous, seems to me that it's grounded to reality even just a little. I mean look at it, the bitcoin price is going over to 65k+ and it's steady there I think that this halving would make us see a new kind of growth that might not be even in our wildest imagination so I don't believe it's not that high of a price prediction. So, what can we do if we were to expect this kind of event though? I think that the only answer here would be to do your due diligence and do the consistent DCA, you don't want to miss out if this happens and at the same time you're secured because you're buying bitcoin.

Well, knowing bitcoin, it can always surprise us with something new, but I guess having $190k within this year is quite unreachable. The current price may possibly get doubled and reach $120k-$130k only, still below the anticipated price of OP. Although I’m not doubting the price potential of bitcoin, but sometimes we should predict somehow a reasonable price, and I think having $190k may not be possible throughout the year but most likely at the early quarter of 2025.

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I was even thinking of lower than that as the peak so, it's too much for me to be honest but I'd love to get there and have a few in hold and will have my sweet profits when it happens this year.

Quote from: ShowOff on May 10, 2024, 02:40:16 PM

History can still repeat itself or not at all, even in history we have seen new ATHs before the halving.

Many are convinced that it's not gonna happen anymore. We'll gonna have a little multiplier this time because if the basing will be from the past ATHs then we'd get to see fewer multipliers for Bitcoin as the bull run comes again.

Quote from: ShowOff on May 10, 2024, 02:40:16 PM

Precisely before the 2024 halving, we have seen bitcoin hit a new ATH which has never happened in bitcoin history before the halving.

Exactly, and as with those patterns that each cycle the increase decreases, as this is something new who knows if something new happens again pertaining the price of BTC.

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Quote from: kawetsriyanto on May 10, 2024, 02:26:24 PM

Quote from: FinePoine0 on May 10, 2024, 12:22:46 AM

I don't think it's possible for Bitcoin to hit $190k in 2024, from past halvings I've seen bitcoin bull markets start 100 days to 150 days after the halving starts. But current time and pig market has been held for about 20 days, many more left but next Bullrun will start from 2025. Maybe by the end of 2024 a maximum of $100,000 will be more likely.

Considering the current price of Bitcoin, it seems difficult to reach $190k. Even, I'm not optimistic Bitcoin can be $190k in the next year (2025). The gap of the current price and $190k is too large, it is something like impossible to be achieved now. I think it is the target ATH price for the next cycle (2026-2029). Sure, we just hope that the price can continue to approach $100k in Q3-Q4 of this year. Most of us should expect the price of Bitcoin can be above $90k in Q4 of 2024, personally I think it is already quite satisfying if Bitcoin can around that price.

If we analyze the ATH of every bullrun season, it should be in the last year of bullrun season. In the current cycle, 2025 is the last year of bullrun season. So we don't expect too much for a huge pump of Bitcoin in 2024. The huge pump should be in the next year (2025). We must check again the history of previous cycles!!

History can still repeat itself or not at all, even in history we have seen new ATHs before the halving. Precisely before the 2024 halving, we have seen bitcoin hit a new ATH which has never happened in bitcoin history before the halving.

Just like you, I am optimistic about the future of bitcoin. Halving and ETFs are the two things that have the most influence on the growth of the bitcoin market after the halving, but it all really depends on investor interest. If there is no massive spike, then it is hard to expect $100k to be reached by the end of the year, as a result the price will probably hover below it.

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Quote from: FinePoine0 on May 10, 2024, 12:22:46 AM

I don't think it's possible for Bitcoin to hit $190k in 2024, from past halvings I've seen bitcoin bull markets start 100 days to 150 days after the halving starts. But current time and pig market has been held for about 20 days, many more left but next Bullrun will start from 2025. Maybe by the end of 2024 a maximum of $100,000 will be more likely.

Considering the current price of Bitcoin, it seems difficult to reach $190k. Even, I'm not optimistic Bitcoin can be $190k in the next year (2025). The gap of the current price and $190k is too large, it is something like impossible to be achieved now. I think it is the target ATH price for the next cycle (2026-2029). Sure, we just hope that the price can continue to approach $100k in Q3-Q4 of this year. Most of us should expect the price of Bitcoin can be above $90k in Q4 of 2024, personally I think it is already quite satisfying if Bitcoin can around that price.

If we analyze the ATH of every bullrun season, it should be in the last year of bullrun season. In the current cycle, 2025 is the last year of bullrun season. So we don't expect too much for a huge pump of Bitcoin in 2024. The huge pump should be in the next year (2025). We must check again the history of previous cycles!!

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Quote from: tsaroz on March 24, 2024, 08:21:15 AM

A very important event is scheduled to happen this April. Around April 16 or 17. It's bitcoin halving again. i.e. number of bitcoin rewarded for mining a block would be halved. It meas half bitcoin reward for equal task for miner. That would also decrease the liquidity in bitcoin provided by the miners. The miners operate on small margin and many could go on loss if they sold their reward for current price so they won't be willing to sell it unless price moves up. Bitcoin in past have seen a good price boost after the halving. And many prediction models place the future price of bitcoin into 190K.
Is 190K too humble or very generous in your consideration? What's your price plans for selling your holdings?

Every time I read a post or an interview or see a video where someone presents a prediction, whether based on a model or just opinion, I think it makes the person no more trustworthy because they choose something very specific like "190K". I mean what's the point of not saying 200K and there you go it, that's what I believe. Instead, I mean 190K is at least an integer... There is one level below that and that's the people who say "I believe in 7.5 months from now BTC will be at 190,075.43 dollars".

If BTC had been following very clear models or some model that somebody has secretly at home, there is no reason for that person to give a model away that has so much predictive value.

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There's like 7 more months before 2025 so I'd say that your price speculation isn't that far off and I don't think that it's generous, seems to me that it's grounded to reality even just a little. I mean look at it, the bitcoin price is going over to 65k+ and it's steady there I think that this halving would make us see a new kind of growth that might not be even in our wildest imagination so I don't believe it's not that high of a price prediction. So, what can we do if we were to expect this kind of event though? I think that the only answer here would be to do your due diligence and do the consistent DCA, you don't want to miss out if this happens and at the same time you're secured because you're buying bitcoin.

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I don't think it's possible for Bitcoin to hit $190k in 2024, from past halvings I've seen bitcoin bull markets start 100 days to 150 days after the halving starts. But current time and pig market has been held for about 20 days, many more left but next Bullrun will start from 2025. Maybe by the end of 2024 a maximum of $100,000 will be more likely.

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Quote from: tsaroz on March 24, 2024, 08:21:15 AM

A very important event is scheduled to happen this April. Around April 16 or 17. It's bitcoin halving again. i.e. number of bitcoin rewarded for mining a block would be halved. It meas half bitcoin reward for equal task for miner. That would also decrease the liquidity in bitcoin provided by the miners. The miners operate on small margin and many could go on loss if they sold their reward for current price so they won't be willing to sell it unless price moves up. Bitcoin in past have seen a good price boost after the halving. And many prediction models place the future price of bitcoin into 190K.
Is 190K too humble or very generous in your consideration? What's your price plans for selling your holdings?

Before this thread was created there is already a thread that asks about 100k moving here

https://bitcointalksearch.org/topic/--5488435

so I think we need to cross that boarder first before taking into another steps such 190 or even 200?

and also i believe that 6 digits isn't really the problem but the time when we will be touching ?

Quote from: Gozie51 on April 12, 2024, 06:30:04 AM

Quote from: tsaroz on March 24, 2024, 08:21:15 AM

And many prediction models place the future price of bitcoin into 190K.
Is 190K too humble or very generous in your consideration? What's your price plans for selling your holdings?

I think it is not unreasonable to have such prediction for bitcoin at this season of halving. The block reward is going to reduce and that means miners would want to add in price before they sell so it is reasonable that volatility will rapidly start to happen as soon as the block split. I would predict around 150k - 200k . So at the point of slight price above 150k, it is suppose to be time to get ready for drop .

correct and instead of expecting this soon? maybe its better to look at least next year before this high.

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Quote from: Zanab247 on May 09, 2024, 02:51:29 PM

Quote from: Onyeeze

I think that what people are saying concerning the price of Bitcoin before the ending of 2024 is totally assumption because the tradition of Bitcoin does not show off the price all the time all show what the price will be at the end of the year so for my own understanding of Bitcoin and the it price I believe that their price will not exceed The current price it is right now and if the price went to increase a little it will be more addition not that the price will reach to the writers point of view, because the price of bitcoin rise or not and that has been the nature of Bitcoin and it's regulations

I don't think the prediction of the price of BTC to hit 190k will happen in this year 2024, because we are about to enter the 6 months of the year and the price is still low in the market for people to continue buying and hodl for profit making.

I guess hodlers will surely see that price next year, because the price of BTC hit $73k this year which is the highest price it has reached in the industry, and it will surely break into a new ATH next year to make hodlers accurate profits from their hodling again.

If you have money to buy BTC in this current price, I will advise you to buy and continue hodling until the bull run hit your price target before you can sell to earn from your long hodling.

Same with my sentiments here. Bitcoin has never made a highly impressive price after halving, and until these days, bitcoin price isn’t as good and impressive just like how we anticipate it to be. That’s why I came with this thought that bitcoin might not be able to reach $190k this year. But we should not get discouraged having that thought since bitcoin itself can manage to surprise us every now and then. It’s just that bitcoin is not ready yet to achieve its new all time high, so patience and persistency to acquire bitcoin will matter a lot these days.

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Quote from: Text on April 08, 2024, 04:33:38 PM

Quote from: GeorgeJohn on March 26, 2024, 09:39:01 AM

Taking your profit immediately the time the price of Bitcoin drops in the market it is a smart movement of investor but if you have a target you will not take your profit knowing that your target bitcoin price have not gotten to it so that is why any person who is holding a Bitcoin supposed to have a target limit so that when they increasement of Bitcoin got to that extent you can make your withdrawal and take off your profit but when they increment has not meet up to your target then you allow it to remain in your portfolio knowing that one day the price may increase and they get to your target.

In my case, I did have a target in mind, but I also weighed the current market conditions and my financial situation at that time. While I anticipated Bitcoin hitting the 100K mark, the rapid fluctuations made me reconsider my strategy. Selling when it hit a new all-time high seemed like a prudent move at the time, considering I wasn't sure if it would continue rising or experience a correction. Whatever decision I made; I have no regrets.

First, you said that you were going to take some profits at 100K mark but then you said that seeing the market conditions you are going to readjust this level, meaning you are anticipating Bitcoin All time high for this bull run to be under 100 K Huh

I would advise you not to get confused by the current market conditions where bitcoin is very choppy and most in a dumping state. Things will change pretty soon and so will the investors' sentiments also change. If you are aiming under or at 100K bitcoin price in the bull season, you are totally miscalculating things or are very new to the bitcoin halving's.

Bitcoin will cross 100K very easily and make the all-time high in the range of 175-225K. Seems impossible for now but wait for a year or so and you will find Bitcoin at this price.

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Quote from: Onyeeze

I think that what people are saying concerning the price of Bitcoin before the ending of 2024 is totally assumption because the tradition of Bitcoin does not show off the price all the time all show what the price will be at the end of the year so for my own understanding of Bitcoin and the it price I believe that their price will not exceed The current price it is right now and if the price went to increase a little it will be more addition not that the price will reach to the writers point of view, because the price of bitcoin rise or not and that has been the nature of Bitcoin and it's regulations

I don't think the prediction of the price of BTC to hit 190k will happen in this year 2024, because we are about to enter the 6 months of the year and the price is still low in the market for people to continue buying and hodl for profit making.

I guess hodlers will surely see that price next year, because the price of BTC hit $73k this year which is the highest price it has reached in the industry, and it will surely break into a new ATH next year to make hodlers accurate profits from their hodling again.

If you have money to buy BTC in this current price, I will advise you to buy and continue hodling until the bull run hit your price target before you can sell to earn from your long hodling.

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Quote from: Yaunfitda on April 12, 2024, 06:41:35 AM

Quote from: Gozie51 on April 12, 2024, 06:30:04 AM

I think it is not unreasonable to have such prediction for bitcoin at this season of halving. The block reward is going to reduce and that means miners would want to add in price before they sell so it is reasonable that volatility will rapidly start to happen as soon as the block split. I would predict around 150k - 200k . So at the point of slight price above 150k, it is suppose to be time to get ready for drop .

I mean everyone has their right to predict what will be the price this year, not sure what prediction model he is referring to but I have a idea already and it did predict $100k last bull run but it never materialized. Anyhow, it's just a wild and educated guess, if it happens then we will be happy to see. But if not, then we still have a good year in 2025 so see how big this bull run is. Let's just say that we will be overjoyed at $100k for this year, and then when the parabolic rise continues, then $150k could be a good conservative estimate as our new all time high for this cycle.

I do agree that it is not an easy one, that is why most people do not really see what's going to happen and they do not have a real understanding on what could be the best way to move forward with this. I think it is quite important to realize that we are going to end up with a good return one way or another, it's just not going to be easy that's it.

I hope that things do get better for us, and 100k+ seems like a possibility, we just need to wait a bit more, it may not happen right away, we may need to wait like maybe 6 more months before that happens. I am neither saying it can't happen earlier, nor saying it will surely happen after six months, all I am saying is that this is also a possibility that I see that could be the result.

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