Bitcoin can hit $50k? - page 7. | Bitcointalksearch.org

milkshock100

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Quote from: KTChampions on January 08, 2021, 05:44:07 PM

Quote from: JimboToronto on January 07, 2021, 06:57:49 PM

Quote from: KTChampions on January 07, 2021, 06:04:55 PM

I think you are overly optimistic. If a deep correction begins now, then bitcoin will easily spend the next couple of years in the 20-30k corridor and there will be no chance of seeing 100k even theoretically. I think that we will find out in the next couple of months - most likely the growth will stop and we will find out what the high of this year is.

I think you are overly pessimistic.

Why would you think there might be a deep correction beginning now? We're still barely begun the bull run. Retail FOMO especially now is just starting.

I see this year as being a lot like 2013 when the bull run started in late 2012 and continued until early spring growing 25-fold to over 8x the previous ATH. Then after an 80% crash down to just under twice the previous ATH, it consolidated for several months and bubbled up again, this time 20-fold.

This bull run is different from all the preceding ones because it has been mostly based on institutional investment, not retail FOMO. Don't expect hardened institutional investors to panic sell. They don't have weak hands.

I agree with thecodebear in that I think it would be VERY surprising to not see prices over $100k this year.

I think it will probably go a lot higher than that.

I would not make a comparison with the past, since now the capitalization is completely different and there is no point in talking about a 25-fold growth (and the like).
As for institutional investors, it is in their interests to lower the price to 20 and maybe up to 10 thousand in order to collect bitcoins from weak hands Wink

I think you are not differentiating between market manipulators/whales and institutional investors. The two have very different agendas and motivations. I really don’t see institutional investors as wanting to floor the price - quite the opposite.

KTChampions

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Quote from: JimboToronto on January 07, 2021, 06:57:49 PM

Quote from: KTChampions on January 07, 2021, 06:04:55 PM

I think you are overly optimistic. If a deep correction begins now, then bitcoin will easily spend the next couple of years in the 20-30k corridor and there will be no chance of seeing 100k even theoretically. I think that we will find out in the next couple of months - most likely the growth will stop and we will find out what the high of this year is.

I think you are overly pessimistic.

Why would you think there might be a deep correction beginning now? We're still barely begun the bull run. Retail FOMO especially now is just starting.

I see this year as being a lot like 2013 when the bull run started in late 2012 and continued until early spring growing 25-fold to over 8x the previous ATH. Then after an 80% crash down to just under twice the previous ATH, it consolidated for several months and bubbled up again, this time 20-fold.

This bull run is different from all the preceding ones because it has been mostly based on institutional investment, not retail FOMO. Don't expect hardened institutional investors to panic sell. They don't have weak hands.

I agree with thecodebear in that I think it would be VERY surprising to not see prices over $100k this year.

I think it will probably go a lot higher than that.

I would not make a comparison with the past, since now the capitalization is completely different and there is no point in talking about a 25-fold growth (and the like).
As for institutional investors, it is in their interests to lower the price to 20 and maybe up to 10 thousand in order to collect bitcoins from weak hands Wink

Hippocrypto

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Quote from: BitcoinOfficialGroup on January 03, 2021, 03:47:25 AM

How do you think when the bitcoin price can hit $50k?

Most probably if trend goes increasing, nothing is impossible for bitcoin and what I foresee right now more people got interested with btc nowadays. Even the closest friend of my wife asked me lately about cryptocurrency, and now they're planning to invest their money with bitcoin. If price would hit that huge amount per btc, I guess that it might be a right decision to choose for everybody.

Janation

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I think it can.

The price already reached $40K. $50K is just there from our hands reach but it is somehow possible that the price might not reach that height since things are going so fast right now, we will never know how fast we will drop too. There is a possibility that it can reach $50K but for now, let's enjoy the new ATH at $40K and wait for it to be broken, again.

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Quote from: KTChampions on January 07, 2021, 06:04:55 PM

Quote from: thecodebear on January 05, 2021, 12:54:12 PM

I think it would be VERY surprising to not see prices over $100k this year. I'd wager by the start of summer it'll have already moved quickly up to mid-to-high 5 digits ($60k-$90k), but then takes a little break as perhaps at that point institutions will wait and see to continue to accumulate lower as they might consider the risk too high on something that has gone from $10k to ~$80k in like 8 months. Then in the Fall we'll see it push past $100k and possibly go significantly higher than that before any serious correction. Though any serious correction after that I bet would be bought up in a matter of months by institutions, and we'll continue seeing upside in the 6 digits next year and beyond. Any major correction will just shift more Bitcoin from retail investors to institutions as they accumulate millions of the bitcoin supply.

I think you are overly optimistic. If a deep correction begins now, then bitcoin will easily spend the next couple of years in the 20-30k corridor and there will be no chance of seeing 100k even theoretically. I think that we will find out in the next couple of months - most likely the growth will stop and we will find out what the high of this year is.

I think you are overly pessimistic.

Why would you think there might be a deep correction beginning now? We're still barely begun the bull run. Retail FOMO especially now is just starting.

I see this year as being a lot like 2013 when the bull run started in late 2012 and continued until early spring growing 25-fold to over 8x the previous ATH. Then after an 80% crash down to just under twice the previous ATH, it consolidated for several months and bubbled up again, this time 20-fold.

This bull run is different from all the preceding ones because it has been mostly based on institutional investment, not retail FOMO. Don't expect hardened institutional investors to panic sell. They don't have weak hands.

I agree with thecodebear in that I think it would be VERY surprising to not see prices over $100k this year.

I think it will probably go a lot higher than that.

Kelvinid

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Quote from: BitcoinOfficialGroup on January 03, 2021, 03:47:25 AM

How do you think when the bitcoin price can hit $50k?

I can't figure it out now and the market is really uncertain. Yes, it keeps moving high, in fact, we are nearly reaching $40k but $50k? That only be possible if the companies are still accumulating more Bitcoins, they are the ones that cause this remarkable trend that we have now, and that it helps small investors to get profit from a moving market.

But, I just have to remind it's volatility and dumps can be inevitable. Well, I think we are aware already of the huge market correction in the past Bullrun and that even possible to show up again.

KTChampions

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Quote from: thecodebear on January 05, 2021, 12:54:12 PM

I think it would be VERY surprising to not see prices over $100k this year. I'd wager by the start of summer it'll have already moved quickly up to mid-to-high 5 digits ($60k-$90k), but then takes a little break as perhaps at that point institutions will wait and see to continue to accumulate lower as they might consider the risk too high on something that has gone from $10k to ~$80k in like 8 months. Then in the Fall we'll see it push past $100k and possibly go significantly higher than that before any serious correction. Though any serious correction after that I bet would be bought up in a matter of months by institutions, and we'll continue seeing upside in the 6 digits next year and beyond. Any major correction will just shift more Bitcoin from retail investors to institutions as they accumulate millions of the bitcoin supply.

I think you are overly optimistic. If a deep correction begins now, then bitcoin will easily spend the next couple of years in the 20-30k corridor and there will be no chance of seeing 100k even theoretically. I think that we will find out in the next couple of months - most likely the growth will stop and we will find out what the high of this year is.

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Quote from: Hypnosis00 on January 05, 2021, 01:30:59 AM

With all the happenings and events right now, it is not possible but probably it takes more years to come or another halving.
We all that having optimism and we can't deny that price will move high if the market demand will do the strike again.

But for now, I set aside this first, what I looking for now is how altcoins move after ETH hitting its new ATH.

There is no "impossible" in bitcoin. You may think that just because it had a small drop, the price will not hit 50k, but that was a small correction and we are not going to be living the same thing over and over again all the time, correction happened but the price recovered, we are at above 31k already, which shows that bitcoin is prime ready for another big increase. So be ready for it, but do not be worried that 50k will not happen right now.

By the time next halving comes we are going to be talking about 100k+, halving is something that happens in like 4 years I think, so we have a lot of time to go, by 2024 (if that is the next halving timing) we are going to have another increase, and I assume ew may even be over 100k too, we may even talk about quarter million dollars by that time. And if you think "that is waaay too much to reach" for bitcoin, you haven't paid attention how it goes above everyone's expectations.

thecodebear

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Quote from: mich on January 05, 2021, 04:57:03 AM

Quote from: jintruder on January 03, 2021, 03:53:04 AM

It will hit between 40k-100k, if it will get above 100k I'll be very impressed

Yeah I think this is a good accurate price prediction. The only question is figuring out when we will see a price of 50k which is not a easy task to determine.

Getting above 100k would be impressive you are right but i think thats a realistic number that could happen sometimes before end of 2021.

I think it would be VERY surprising to not see prices over $100k this year. I'd wager by the start of summer it'll have already moved quickly up to mid-to-high 5 digits ($60k-$90k), but then takes a little break as perhaps at that point institutions will wait and see to continue to accumulate lower as they might consider the risk too high on something that has gone from $10k to ~$80k in like 8 months. Then in the Fall we'll see it push past $100k and possibly go significantly higher than that before any serious correction. Though any serious correction after that I bet would be bought up in a matter of months by institutions, and we'll continue seeing upside in the 6 digits next year and beyond. Any major correction will just shift more Bitcoin from retail investors to institutions as they accumulate millions of the bitcoin supply.

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Quote from: jintruder on January 03, 2021, 03:53:04 AM

It will hit between 40k-100k, if it will get above 100k I'll be very impressed

Yeah I think this is a good accurate price prediction. The only question is figuring out when we will see a price of 50k which is not a easy task to determine.

Getting above 100k would be impressive you are right but i think thats a realistic number that could happen sometimes before end of 2021.

Hypnosis00

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With all the happenings and events right now, it is not possible but probably it takes more years to come or another halving.
We all that having optimism and we can't deny that price will move high if the market demand will do the strike again.

But for now, I set aside this first, what I looking for now is how altcoins move after ETH hitting its new ATH.

thecodebear

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I could see $50k in April. I think we'll see $40k in February, but could see it range for a bit after that next leg up. Perhaps there will be a ton of resistance at $50k like we saw at $20k and maybe it'll spend a month building up steam under that psychological barrier like we saw for $20k. If so then early April seems like it'd be about correct timing to break through $50k. I'd be it goes to $60k shortly after that though.

asus09

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Maybe yes or maybe no depend how demand and supply of bitcoin it self, when many investor buy bitcoin together I think look easy for bitcoin hit above $50k but if many investor try to sell together correction looks easy too for bitcoin. Always be faster if you wanna be investor for cryptocurrency because price suddenly could dump and pump, when you know and get chance for selling during price on the top you should brave for buy back when bitcoin have correction price or bitcoin dump.

kapalmabur

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oh of course the price of bitcoin can go up to $ 50k, it's just that we have to be patient and continue to support bitcoin. currently the hype is still going on. looks like bitcoin is very volatile, and this is a good value, if this year bitcoin can survive at $ 30k I'm sure $ 40- $ 50k will be achieved.

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Quote from: BitcoinOfficialGroup on January 03, 2021, 03:47:25 AM

How do you think when the bitcoin price can hit $50k?

Well it could be this year or maybe in the next couple of years,
We are already at $30K and it seems like it wouldn't stop there so maybe we have a chance to reach it this year.
But I don't really expect too much because it is crypto (BTC) we are talking we know that sometimes it moves unpredictably.

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Quote from: wxa7115 on January 04, 2021, 02:13:00 PM

Quote from: exstasie on January 03, 2021, 06:07:09 PM

See the way price cut right through $30K? Zero resistance, like a chainsaw through warm butter. The market didn't even pull back to $30K to test it as support before surging to $35K.

That's what will happen at $50K too. And if $10K (in 2017) is any indicator, the same goes for $100K. Everyone is underestimating the FOMO that's coming.

$300K or bust. That's what I'm looking for.

You cannot really go bust with bitcoin, even if the price only reached 50k, and I am being kind of a bear here just for the sake of the argument, how low could bitcoin go from that point on? I think at worst we could see a price range of 15k to 20k, so anyone that bought before December of last year will at least breakeven and most likely they will have significant profits.

There are 2 things we can say about the past 2 cycles:
1) Above the previous ATH there are exponential gains. An order of magnitude, at least.
2) The post-bubble bear market remains above the previous ATH. (The 2018 bottom remained above the 2013 ATH, and the 2015 bottom remained above the 2011 ATH)

If we only get a tiny fart above the 2017 ATH (like $50K) then #1 is broken. If #1 breaks, I don't have much confidence in #2 either. We'd be looking at a new paradigm, maybe a bearish super cycle (the opposite of the 2010-present bullish super cycle), which Bitcoin has never seen before.

I'm not betting on that. I think the S-curve scenario and valuations of $300K or $500K or even $1M are more likely.

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Quote from: exstasie on January 03, 2021, 06:07:09 PM

See the way price cut right through $30K? Zero resistance, like a chainsaw through warm butter. The market didn't even pull back to $30K to test it as support before surging to $35K.

That's what will happen at $50K too. And if $10K (in 2017) is any indicator, the same goes for $100K. Everyone is underestimating the FOMO that's coming.

$300K or bust. That's what I'm looking for.

You cannot really go bust with bitcoin, even if the price only reached 50k, and I am being kind of a bear here just for the sake of the argument, how low could bitcoin go from that point on? I think at worst we could see a price range of 15k to 20k, so anyone that bought before December of last year will at least breakeven and most likely they will have significant profits.

However I am with you, FOMO despite appearances has not started, this is just institutional money and speculators moving before FOMO comes and once it does almost any price could be possible.

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Quote from: Chrystora123 on January 04, 2021, 05:53:31 AM

Quote from: BitcoinOfficialGroup on January 03, 2021, 03:47:25 AM

How do you think when the bitcoin price can hit $50k?

too soon we see Bitcoin at $ 50k in the near time. as predicted, we will see Bitcoin at a price of $50k (even more than $50k) by the end of this year. in the last 24 hours, the Bitcoin price has corrected by 10%..

Corrections happens all the time, it is not really a big deal, look at bitcoin and it is movements in the past 6 months and you will see that whenever we go up, we had about 10% to 20% corrections and we went higher afterwards, this happened like 5 times already in the past 6 months, which shows you that we need a correction before we can go higher.

I believe since bitcoin went from 34k levels to nearly 27k levels, that means we have dropped way too much, and it recovered to 31k levels but that is not enough, so that means we are going to be 35k+ very soon, and I mean it could happen at any second, might have even happened while I am typing this. So do not be worried, corrections are a healthy thing, crash or bear run is the thing we need to worry about, and sometimes it is hard to know if you are in a crash or in a correction during that moment, but at least be calm about it afterwards like now.

KTChampions

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Quote from: ?? on ??

Some fall was inevitable and exactly that is how it looks now as it has fallen below now 28700$. As it rose too quickly so the fall had to be at same or faster pace and this is what we are now seeing the big drop happening. How soon it will recover from this levels is now need to wait and see and will it be just a temporary price fall or will still continue to fall is unknown.

I think after the holidays are over and all the major players return to the market, volatility will decrease and we will see a smoother chart. The question is where it will be directed - up or down, the new ATH will be reached by everyone who wanted to have the opportunity to fix profits and a trend reversal may soon occur.

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Quote from: BitcoinOfficialGroup on January 03, 2021, 03:47:25 AM

How do you think when the bitcoin price can hit $50k?

too soon we see Bitcoin at $ 50k in the near time. as predicted, we will see Bitcoin at a price of $50k (even more than $50k) by the end of this year. in the last 24 hours, the Bitcoin price has corrected by 10%..

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