Topic: Bitcoin Can Go $100K Within End Of This Year(2021)? - page 2. (Read 220 times)
Honestly, speaking in the previous Years, I doubt that the Bitcoin price will touch up to $30K, and I'm thinking that $20K is the highest price ever that Bitcoin can attain. And my reason is simple it's already expensive to acquire that most of the users cannot afford to buy it. But I was wrong because it has already breached the $56K price level thats why I convince that the Bitcoin price increases are always possible and the $100K per Bitcoin at the end of the year 2021 is very likely to happen because Bitcoin price today is already halfway with that speculated amount.
Can it? Yes. Will it? We have no idea. Any different answer to this one is pure speculation and personal belief.
Too many factors are influencing its price. One of the main ones are its immaturity as a market. Immaturity makes it swing wildly all the time. If you take a look at some advices on TradingView, you'd see that the opinions are split. Whatever happens depends on a lot of conditions we can't accurately predict.
Too many factors are influencing its price. One of the main ones are its immaturity as a market. Immaturity makes it swing wildly all the time. If you take a look at some advices on TradingView, you'd see that the opinions are split. Whatever happens depends on a lot of conditions we can't accurately predict.
2022--?
Bitcoin can go moon $100K within end of this year(2021)...?
I guess that's still 2021 and not 2022. Bitcoin can go moon $100K within end of this year(2021)...?
It's a possibility or not and it could be even higher than $100k if we are looking at the stock-to-flow model that everyone was theorized. I am hoping we could get onto that level and I'm more positive on that since there are institutional investors really hopping into the cryptocurrency space.
Bitcoin Yes Bitcoin can go moon $100K within end of this year(2021)...?
Bitcoin:
(₿) is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when its implementation was released as open-source software.
Bitcoin Creation
The domain name "bitcoin.org" was registered on 18 August 2008.On 31 October 2008, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash Systemwas posted to a cryptography mailing list. Nakamoto implemented the bitcoin software as open-source code and released it in January 2009.Nakamoto's identity remains unknown.
On 3 January 2009, the bitcoin network was created when Nakamoto mined the starting block of the chain, known as the genesis block.Embedded in the coinbase of this block was the text "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks".This note references a headline published by The Times and has been interpreted as both a timestamp and a comment on the instability caused by fractional-reserve banking.
2011–2012
In 2011, the price started at $0.30 per bitcoin, growing to $5.27 for the year. The price rose to $31.50 on 8 June. Within a month, the price fell to $11.00. The next month it fell to $7.80, and in another month to $4.77.
In 2012, bitcoin prices started at $5.27, growing to $13.30 for the year. By 9 January the price had risen to $7.38, but then crashed by 49% to $3.80 over the next 16 days. The price then rose to $16.41 on 17 August, but fell by 57% to $7.10 over the next three days.
2013–2016
In 2013, prices started at $13.30 rising to $770 by 1 January 2014.
In 2014, prices started at $770 and fell to $314 for the year. On 30 July 2014, the Wikimedia Foundation started accepting donations of bitcoin.
In 2015, prices started at $314 and rose to $434 for the year. In 2016, prices rose and climbed up to $998 by 1 January 2017.
2017–2019
Prices started at $998 in 2017 and rose to $13,412.44 on 1 January 2018, after reaching its all-time high of $19,783.06 on 17 December 2017.
China banned trading in bitcoin, with first steps taken in September 2017, and a complete ban that started on 1 February 2018. Bitcoin prices then fell from $9,052 to $6,914 on 5 February 2018. The percentage of bitcoin trading in the Chinese renminbi fell from over 90% in September 2017 to less than 1% in June 2018.
For the first six months of 2018, $761 million worth of cryptocurrencies was reported stolen from exchanges.
2020
In August 2020, MicroStrategy invested $250 million in bitcoin as a treasury reserve asset. In October 2020, Square, Inc. put approximately 1% of their total assets ($50 million) in bitcoin. In November 2020, PayPal announced that all users in the US could buy, hold, or sell bitcoin using PayPal. On 30 November 2020, bitcoin hit a new all-time high of $19,860 topping the previous high from December 2017. Alexander Vinnik, founder of BTC-e, was convicted and sentenced to 5 years in prison for money laundering in France while refusing to testify during his trial. In December 2020 Massachusetts Mutual Life Insurance Company announced it has purchased $100 million in bitcoin, or roughly 0.04% of its general investment account.
2021-Present
On 19 January 2021 Elon Musk placed #Bitcoin in his Twitter profile tweeting "In retrospect, it was inevitable", which caused the price to briefly rise about $5000 in an hour to $37,299. On 25 January 2021 Microstrategy announced it continued to buy bitcoin and as of the same date it had holdings of ₿70,784 worth $2.38 billion. On 8 February 2021 Tesla's announcement that it had purchased $1.5 billion in bitcoin and planned to start accepting bitcoin as payment for vehicles pushed the bitcoin price to an all time high of $44,141. On 18 February 2021, Elon Musk said that "owning bitcoin was only a little better than holding conventional cash, but that the slight difference made it a better asset to hold".
22 AUG 2010 - 08 March 2021 Bitcoin Chart Variation
2010: https://imgur.com/kxcmAmn
2021: https://imgur.com/5PQFIxM
2022--?
Bitcoin can go moon $100K within end of this year(2021)...?
Bitcoin:
(₿) is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when its implementation was released as open-source software.
Bitcoin Creation
The domain name "bitcoin.org" was registered on 18 August 2008.On 31 October 2008, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash Systemwas posted to a cryptography mailing list. Nakamoto implemented the bitcoin software as open-source code and released it in January 2009.Nakamoto's identity remains unknown.
On 3 January 2009, the bitcoin network was created when Nakamoto mined the starting block of the chain, known as the genesis block.Embedded in the coinbase of this block was the text "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks".This note references a headline published by The Times and has been interpreted as both a timestamp and a comment on the instability caused by fractional-reserve banking.
2011–2012
In 2011, the price started at $0.30 per bitcoin, growing to $5.27 for the year. The price rose to $31.50 on 8 June. Within a month, the price fell to $11.00. The next month it fell to $7.80, and in another month to $4.77.
In 2012, bitcoin prices started at $5.27, growing to $13.30 for the year. By 9 January the price had risen to $7.38, but then crashed by 49% to $3.80 over the next 16 days. The price then rose to $16.41 on 17 August, but fell by 57% to $7.10 over the next three days.
2013–2016
In 2013, prices started at $13.30 rising to $770 by 1 January 2014.
In 2014, prices started at $770 and fell to $314 for the year. On 30 July 2014, the Wikimedia Foundation started accepting donations of bitcoin.
In 2015, prices started at $314 and rose to $434 for the year. In 2016, prices rose and climbed up to $998 by 1 January 2017.
2017–2019
Prices started at $998 in 2017 and rose to $13,412.44 on 1 January 2018, after reaching its all-time high of $19,783.06 on 17 December 2017.
China banned trading in bitcoin, with first steps taken in September 2017, and a complete ban that started on 1 February 2018. Bitcoin prices then fell from $9,052 to $6,914 on 5 February 2018. The percentage of bitcoin trading in the Chinese renminbi fell from over 90% in September 2017 to less than 1% in June 2018.
For the first six months of 2018, $761 million worth of cryptocurrencies was reported stolen from exchanges.
2020
In August 2020, MicroStrategy invested $250 million in bitcoin as a treasury reserve asset. In October 2020, Square, Inc. put approximately 1% of their total assets ($50 million) in bitcoin. In November 2020, PayPal announced that all users in the US could buy, hold, or sell bitcoin using PayPal. On 30 November 2020, bitcoin hit a new all-time high of $19,860 topping the previous high from December 2017. Alexander Vinnik, founder of BTC-e, was convicted and sentenced to 5 years in prison for money laundering in France while refusing to testify during his trial. In December 2020 Massachusetts Mutual Life Insurance Company announced it has purchased $100 million in bitcoin, or roughly 0.04% of its general investment account.
2021-Present
On 19 January 2021 Elon Musk placed #Bitcoin in his Twitter profile tweeting "In retrospect, it was inevitable", which caused the price to briefly rise about $5000 in an hour to $37,299. On 25 January 2021 Microstrategy announced it continued to buy bitcoin and as of the same date it had holdings of ₿70,784 worth $2.38 billion. On 8 February 2021 Tesla's announcement that it had purchased $1.5 billion in bitcoin and planned to start accepting bitcoin as payment for vehicles pushed the bitcoin price to an all time high of $44,141. On 18 February 2021, Elon Musk said that "owning bitcoin was only a little better than holding conventional cash, but that the slight difference made it a better asset to hold".
22 AUG 2010 - 08 March 2021 Bitcoin Chart Variation
2010: https://imgur.com/kxcmAmn
2021: https://imgur.com/5PQFIxM
2022--?
Bitcoin can go moon $100K within end of this year(2021)...?
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