Topic: Bitcoin could hit $100,000 by the end of 2024 - Standard Chartered - Surprised? - page 2. (Read 871 times)
May 18, 2023, 02:47:30 AM
More and more are optimistic that in 2024 the price can reach $ 100k, of course this is reasonable because the number of bitcoin users continues to increase and the adoption or direct use for transactions is getting bigger, in 2024 there will also be a halving so that many people speculate to buy because after the halving will occur big increase.
May 16, 2023, 05:30:44 PM
Quote
next halving is expected to start around 2024
Ive heard varied targets from Feb to June. It adjusts to try and regulate against variation too early or too soon and also for a 10 min block time but if theres alot of hype it means we probably get it earlier because of more mining being encouraged. My guess is we dont get a ton of hype, so actual halvening is like a year away and anticipation and possibly the positive accumulation wont occur before Jan. Im biased because of what happened last time, we sold off in the March just before halvening because of external factors and we could quite negative either government, fiscal or military events bringing a harsher environment. 100k from a year after halvening is more like it, thats more realistic less rushed for a target.
It's late April or early May, that is the target next for the next halving, really depends on the difficult and the hash rate.
But in any case, the hype surrounding after this activity is huge, we all know, and from what we have seen in the past that it's the catalyst for the next bull run. Currently though we have to endure the bear market, it's hard but sure enough we have been in this situation before and have seen it so nothing is new. We just have to be mentally strong and just continue to hold and accumulate as $100k is now possible price range and new all time high for us.
This is why it would really be just that sensible that you should really be making such act wisely or else you would really be left behind with the train.
Now the price is playing around 25-30k which these movements are really going up and down into these levels. We cant be sure on when to see 35-40k but we are really that heading there.
It is really just that a matter of time though and this is something that really unpredictable. This is why if you are going for long term then buying on any price point wouldnt
really be that an issue since we know on whats its potential.
be accepting on whatever the numbers would be on that particular time or in the end of 2024 which we know that it is already that post-halving season which we could assume that this is on the time that
bull run would kick in, but no one really knows because there are even sayings that there might be no bull run on next year but no one really knows.
I agree on what you had said that 30k is something a strong resistance or ceiling which we do need to mind on breaking out first before minding about $100k. It isnt really just that hard
to break that price if we do able to see the similar bull run that we've seen into those previous years.
May 15, 2023, 11:12:37 PM
well , there are chances but I am not holding onto that ,
instead what I want to believe is that in 2025 at least in the early stage that the ATH will be once again broken .
100k will be there and maybe at least 110k to be the most?
if this is going to happen then I must be ready and willing to wait .
instead what I want to believe is that in 2025 at least in the early stage that the ATH will be once again broken .
100k will be there and maybe at least 110k to be the most?
if this is going to happen then I must be ready and willing to wait .
May 15, 2023, 10:01:44 PM
The price of bitcoin is difficult to predict, when we think the price continues to rise but sometimes the opposite happens, the price continues to fall, the same as what is happening now, when the price in March reaches $ 30k then I'm optimistic that April can reach at least $ 40k, but what happens is the price dropped below $30k until now it hasn't returned to $30k, and to reach $100k of course it needs a gradual process.
it is indeed difficult to predict but from the history of bitcoin prices you can see patterns which will conclude something in the future. for example in the previous halving the price of bitcoin tended to decrease and then after the halving the price rose.
May 15, 2023, 09:36:19 PM
I think it is very realistic that in 2024 the price can reach $100k, besides that the number of users continues to increase and the natural demand will continue to increase, and of course in 2024 there will be a major event namely the halving which will usually pump at least 50% in a short time.
May 13, 2023, 04:57:19 PM
Quote
next halving is expected to start around 2024
Ive heard varied targets from Feb to June. It adjusts to try and regulate against variation too early or too soon and also for a 10 min block time but if theres alot of hype it means we probably get it earlier because of more mining being encouraged. My guess is we dont get a ton of hype, so actual halvening is like a year away and anticipation and possibly the positive accumulation wont occur before Jan. Im biased because of what happened last time, we sold off in the March just before halvening because of external factors and we could quite negative either government, fiscal or military events bringing a harsher environment. 100k from a year after halvening is more like it, thats more realistic less rushed for a target.
It's late April or early May, that is the target next for the next halving, really depends on the difficult and the hash rate.
But in any case, the hype surrounding after this activity is huge, we all know, and from what we have seen in the past that it's the catalyst for the next bull run. Currently though we have to endure the bear market, it's hard but sure enough we have been in this situation before and have seen it so nothing is new. We just have to be mentally strong and just continue to hold and accumulate as $100k is now possible price range and new all time high for us.
This is why it would really be just that sensible that you should really be making such act wisely or else you would really be left behind with the train.
Now the price is playing around 25-30k which these movements are really going up and down into these levels. We cant be sure on when to see 35-40k but we are really that heading there.
It is really just that a matter of time though and this is something that really unpredictable. This is why if you are going for long term then buying on any price point wouldnt
really be that an issue since we know on whats its potential.
May 11, 2023, 10:49:17 PM
Quote
next halving is expected to start around 2024
Ive heard varied targets from Feb to June. It adjusts to try and regulate against variation too early or too soon and also for a 10 min block time but if theres alot of hype it means we probably get it earlier because of more mining being encouraged. My guess is we dont get a ton of hype, so actual halvening is like a year away and anticipation and possibly the positive accumulation wont occur before Jan. Im biased because of what happened last time, we sold off in the March just before halvening because of external factors and we could quite negative either government, fiscal or military events bringing a harsher environment. 100k from a year after halvening is more like it, thats more realistic less rushed for a target.
It's late April or early May, that is the target next for the next halving, really depends on the difficult and the hash rate.
But in any case, the hype surrounding after this activity is huge, we all know, and from what we have seen in the past that it's the catalyst for the next bull run. Currently though we have to endure the bear market, it's hard but sure enough we have been in this situation before and have seen it so nothing is new. We just have to be mentally strong and just continue to hold and accumulate as $100k is now possible price range and new all time high for us.
May 11, 2023, 05:38:55 PM
The price of bitcoin is difficult to predict, when we think the price continues to rise but sometimes the opposite happens, the price continues to fall, the same as what is happening now, when the price in March reaches $ 30k then I'm optimistic that April can reach at least $ 40k, but what happens is the price dropped below $30k until now it hasn't returned to $30k, and to reach $100k of course it needs a gradual process.
it is indeed difficult to predict but from the history of bitcoin prices you can see patterns which will conclude something in the future. for example in the previous halving the price of bitcoin tended to decrease and then after the halving the price rose.
at the beginning of the year, bitcoin indeed made a surprise with a sharp upward movement, but many predicted that this increase would be momentary and would not last long because world economic indicators had not improved which would always have an impact on bitcoin.
but it must be remembered that the halving period will occur next year, this is the best time to continue buying and holding it and not to be afraid of a decline.
May 10, 2023, 06:28:45 AM
The price of bitcoin is difficult to predict, when we think the price continues to rise but sometimes the opposite happens, the price continues to fall, the same as what is happening now, when the price in March reaches $ 30k then I'm optimistic that April can reach at least $ 40k, but what happens is the price dropped below $30k until now it hasn't returned to $30k, and to reach $100k of course it needs a gradual process.
it is indeed difficult to predict but from the history of bitcoin prices you can see patterns which will conclude something in the future. for example in the previous halving the price of bitcoin tended to decrease and then after the halving the price rose.
May 10, 2023, 03:30:54 AM
with all of this then we must all accumulate now at least before 2023 ends?
have managed to Hold for a year now and waiting for another 1 1/2 years wouldn't be any issue ,
thanks for the heads up on this mate ,I will be willing to take part of this bump in the coming months.
have managed to Hold for a year now and waiting for another 1 1/2 years wouldn't be any issue ,
thanks for the heads up on this mate ,I will be willing to take part of this bump in the coming months.
The price of bitcoin is difficult to predict, when we think the price continues to rise but sometimes the opposite happens, the price continues to fall, the same as what is happening now, when the price in March reaches $ 30k then I'm optimistic that April can reach at least $ 40k, but what happens is the price dropped below $30k until now it hasn't returned to $30k, and to reach $100k of course it needs a gradual process.
let them predict but we must dig more , there are graphs that will help us understand what comes next lol. 
May 10, 2023, 12:38:48 AM
The price of bitcoin is difficult to predict, when we think the price continues to rise but sometimes the opposite happens, the price continues to fall, the same as what is happening now, when the price in March reaches $ 30k then I'm optimistic that April can reach at least $ 40k, but what happens is the price dropped below $30k until now it hasn't returned to $30k, and to reach $100k of course it needs a gradual process.
May 08, 2023, 05:45:59 PM
Some news today in a small way, yet to be confirmed but we crossed the 50 day average. I also heard in actual news not charts that Binance has some issue, now its just an exchange but its a big one and as so many people recognize it apparently it will matter for crypto sentiment going forward for some time perhaps.
This could be a trade down, simple moving average is only an indicator so its not an actual break of support exactly just a warning of possible weakness now developing. I think we remain in the same range of the last couple months roughly hence more caution then alarm for the moment.
This could be a trade down, simple moving average is only an indicator so its not an actual break of support exactly just a warning of possible weakness now developing. I think we remain in the same range of the last couple months roughly hence more caution then alarm for the moment.
It is indeed a big one and as far as I know nobody really understands how interconnected they are and what their systemic relevance might be for the entire ecosystem. As I belong to those who have no idea, I would just go by the numbers that are relatively well know, which is the global market share in trading volume. I am aware there can be fake volume as well, but I guess that Binance doesn't fake more than others in whatever way possible. Now when we only take the trading volume and the number of customers, it would be a huge hit to the ecosystem if it became public that they would be in serious trouble.
If it turns out that they are sort of systemically relevant, it would perhaps create a kind of Lehman Brothers moment in peoples' heads and I think that could have substantial consequences that would take the ecosystem some time to recover from.
May 08, 2023, 04:32:49 PM
Some news today in a small way, yet to be confirmed but we crossed the 50 day average. I also heard in actual news not charts that Binance has some issue, now its just an exchange but its a big one and as so many people recognize it apparently it will matter for crypto sentiment going forward for some time perhaps.
https://talkimg.com/images/2023/06/12/AN5I3.png
This could be a trade down, simple moving average is only an indicator so its not an actual break of support exactly just a warning of possible weakness now developing. I think we remain in the same range of the last couple months roughly hence more caution then alarm for the moment.
https://talkimg.com/images/2023/06/12/AN5I3.png
This could be a trade down, simple moving average is only an indicator so its not an actual break of support exactly just a warning of possible weakness now developing. I think we remain in the same range of the last couple months roughly hence more caution then alarm for the moment.
May 08, 2023, 01:55:40 PM
I am not as optimistic as OP, my prediction is that we will enter the bull season in 2025, and bitcoin will reach ATH in the last quarter of 2025, just like previous cycles, and we will also have a bear season at the end of that year. I still believe the 4-year history repeats itself, the bull season will only come one year after the halving, i.e. 2025.
It doesn't matter that you are not as optimistic as the OP, because basically you also have your own confidence in Bitcoin by making forecasts from a four-year cycle. I also still believe in the four-year cycle, but for now I also have the view that this year Bitcoin will continue to experience price recovery until next year. Because before it reaches ATH, of course Bitcoin must have a better price recovery and it also happened in previous cycles in the past.Panic sellers and FUDs are definitely going to give Bitcoin a hard time going up this year, I don't think that we will see an all-time high this year or even the year after, I think we might see that happening after or by the end of 2024.
If ever the price drops below $25k, I don't think it will trigger a panic selling. Maybe it will if you say that the price will fall to $10k and below because we haven't seen it yet for a long time. Panic selling and FUD's are not the only thing that can drag the BTC value. There might be no ATH this year but I expect there will be in the next year or so.
May 07, 2023, 06:56:50 PM
Quote
next halving is expected to start around 2024
Ive heard varied targets from Feb to June. It adjusts to try and regulate against variation too early or too soon and also for a 10 min block time but if theres alot of hype it means we probably get it earlier because of more mining being encouraged. My guess is we dont get a ton of hype, so actual halvening is like a year away and anticipation and possibly the positive accumulation wont occur before Jan. Im biased because of what happened last time, we sold off in the March just before halvening because of external factors and we could quite negative either government, fiscal or military events bringing a harsher environment. 100k from a year after halvening is more like it, thats more realistic less rushed for a target.
May 07, 2023, 06:20:02 PM
Not all battles are fought on the battleground. Some are fought silently and patiently and time decides the winner. We are surely on the winning path!
Thoughts?
I'm not going to freak out like people do in the face of price volatility, even if bitcoin could free-fall to $10k then I think I'd still be fine. My main plan in this industry is to be a bitcoin holder in the long term, corrections are a good opportunity to accumulate them even if they happen this time of year.Thoughts?
To be honest, I'm not sure about $100k at the end of the year, but I tend to feel confident about $50k or lower before the 2024 halving. Bitcoin price is expected to strengthen further after the halving, but it may be true that the price will start moving up at few months before the halving. The start of 2024 is a turning point for bitcoin's high run after the halving, so a new ATH is expected later.
That would mean that market mostly gets moved by the bigger players as these fee issues will certainly shy away all those people that I once thought could be mostly interested in acquiring or using Bitcoin. If you live in a part of the world where the average income is far below the richer parts of the world, I am asking myself how people there could come up with the idea that Bitcoin makes sense in the long run? The fees are a problem and it is a threat to adoption progress in many parts of the world. It is not that surprising that some alt coins will be preferred over Bitcoin then. Of course if you are moving thousands of USD it doesn't matter that much. It is difficult to tell what the price rallies in the past were mostly about, big money being followed by huge amounts of smaller money? If that's the case I won't expect too much price action for as long as the fees are still sky high again. What would the fees even be when the public sees Bitcoin flying towards $100,000? There would be so much volume, so many transactions be made that we are probably also going to see ATH fees.
May 06, 2023, 02:55:52 PM
Not all battles are fought on the battleground. Some are fought silently and patiently and time decides the winner. We are surely on the winning path!
Thoughts?
I'm not going to freak out like people do in the face of price volatility, even if bitcoin could free-fall to $10k then I think I'd still be fine. My main plan in this industry is to be a bitcoin holder in the long term, corrections are a good opportunity to accumulate them even if they happen this time of year.Thoughts?
To be honest, I'm not sure about $100k at the end of the year, but I tend to feel confident about $50k or lower before the 2024 halving. Bitcoin price is expected to strengthen further after the halving, but it may be true that the price will start moving up at few months before the halving. The start of 2024 is a turning point for bitcoin's high run after the halving, so a new ATH is expected later.
May 06, 2023, 11:55:23 AM
Yes, The possibility that they will continue to regret it
Bitcoin has passed all that FUD and is showing impressive growth - maybe not within perfect expectations but not this gain is modest given the really tough market state with a lot of pressure. My sense is that bitcoin is rebuilding a sustainable structure for the upcoming bull cycle. Bitcoin was once a trillion asset in 2021 and will likely be many times higher in 2024.
May 06, 2023, 11:13:55 AM
Yes, The possibility that they will continue to regret it
Bitcoin has passed all that FUD and is showing impressive growth - maybe not within perfect expectations but not this gain is modest given the really tough market state with a lot of pressure. My sense is that bitcoin is rebuilding a sustainable structure for the upcoming bull cycle. Bitcoin was once a trillion asset in 2021 and will likely be many times higher in 2024.
May 06, 2023, 10:16:58 AM
Panic sellers and FUDs are definitely going to give Bitcoin a hard time going up this year, I don't think that we will see an all-time high this year or even the year after, I think we might see that happening after or by the end of 2024.
Yes, The possibility that they will continue to regret itBitcoin has passed all that FUD and is showing impressive growth - maybe not within perfect expectations but not this gain is modest given the really tough market state with a lot of pressure. My sense is that bitcoin is rebuilding a sustainable structure for the upcoming bull cycle. Bitcoin was once a trillion asset in 2021 and will likely be many times higher in 2024.
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