Topic: Bitcoin could hit $100,000 by the end of 2024 - Standard Chartered - Surprised? - page 3. (Read 756 times)

If you believe in 4-year cycles and if history repeats itself, then there is no guarantee that bitcoin will recover from now on and the price will never fall again. If you check the 2019 and 2020 charts, there was a time when bitcoin rallied over $12k but then dropped to $5k in 2020, before the halving took place. Many argue that what is happening this year is quite similar to 2019, and if so, we still have some major corrections before entering the recovery phase to prepare for the next halving.

Right? And those who remember, 1 million was the theory even in 2017, and then "for sure" 100k was the next, even me included.

I have to believe it, and I still do, whether next year or 2030 or whenever, but at least I don't guarantee this to anyone and I'm the first to "suffer" if this isn't coming true.

The old cycle all over again for sure, we can expect

Experts or anyone can only make predictions about the price of bitcoin, but the level of accuracy of the predictions is not necessarily correct because bitcoin is quite volatile in its journey. For people who already know that bitcoin is the best investment for the future, the issue of price is not a measure because what is expected is how we can continue to collect bitcoins with several methods.

Everyone must believe that in the future the price of bitcoin will be even higher, especially if bitcoin has been successfully mined and scarcity will bring bitcoin at a much higher price, returning to the lessons of supply and demand as the foundation for why bitcoin can be quite valuable in the future.

The fiat system is still very complicated to accept and it's just that before there was no choice, so people are forced to use it despite the many problems this system has created, the economic crisis, scarcity of cash and services that are still in shambles. So far, banks are increasingly losing the trust of people, because there are many problems that they are unable to solve, especially when it comes to confiscating users' money for some reason.

Bitcoin has a much better level of freedom because we control the assets we own, so we don't need a third party to run it and there are many other advantages that we can take advantage of when investing in bitcoin.

Could isnt surprising, its an estimate 18 months away and purely by the maths measuring prior moves and possible velocity of gains 100k is already known to be in the trajectory for BTC.   Could, should world ever will are all different things but could isnt the doubtful thing, its will this really happen while the Federal reserve is continually raising rates.   It does appear slightly unlikely when we may not have dropped interest rates back by the end of 2024 and in theory the opposing yield elsewhere should cap the interest in speculative assets such as BTC.
  All depends on inflation, fiscal budgeting of large government and apparent monetary expansion vs actual because its also likely Dollar declines in value from now to end of 2024 and so on balance we must assume BTC could inversely rise.

I don't see any signs of that happening. The price has become stable at around $28k and from the volumes and everything, it seems like there will be another dip soon which will probably drag the price below $25k followed by a huge inflow of panic selling which will further make the price go down by who knows to what extent.

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.

Who doesn't want to see the high price of bitcoin, even people who believe in holding bitcoin because there is a sense of optimism from them that bitcoin can touch the price.
We cannot fully trust predictions, including statements from experts, whatever it is, it can be wrong and not right the movement of bitcoin is very volatile, it can move at any time depending on the market situation, but with predictive analysis, we can know where bitcoin is going even though the price is always not right on the numbers.
I believe that bitcoin will have another high.

Their trust in banks is indeed reduced because there are problems that go one after another, including some media that say banks can confiscate your money at any time, especially in a crisis, so people who put money in the bank will panic, especially when they see that several banks have gone bankrupt, of course they will lose a little her trust.

Bitcoin is growing fast because it's easy to use, you can control yourself and this asset will increase in value over a long time, at least people now know about bitcoin and they understand the system for its use.

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.

Regardless of how the speculation happened and I'm sure everyone will hope that the bitcoin price will touch that number. Another important lesson, whether in the next year or when it will happen is very difficult to predict, because talking about price fluctuations and almost all speculators who try to predict everything is not right and always misses. But speaking broadly I believe it will happen?

The financial conditions controlled by the banks have put them at the stage of mistrust of people, with many cases of weakness in the way they serve customers, ranging from a scarcity of cash or a very complicated system of money transactions with them. On the other hand, transactions in bitcoin are progressing rapidly and there are almost no problems if done correctly, so that people's trust is getting higher for now.

It won't take long for people to think of that? The real winners are people who are able to see opportunities, even though there was a lot of resistance initially regarding the new system offered by bitcoin and today we have especially seen how the advantages offered by bitcoin are not owned by other investment systems.

Yeah, everyone is praying for $100k since the last bull run. But it didn't happen so obviously, why not give it a shot at the next run then? So everyone is on board right now with a 6 digit figures. Even seasoned members here, who have been in the market for so long thinks that in al eventually, we are going to hit that price.

So our answers might be answered in the next couple of years.

I don't want to comment about the people here in crypto, but as soon as we hit new ATH again, it will got worst, newbies hope to become crypto millionaires, perma bears, perma bulls FUDsters and others.

Nah, that is  not surprising at all, unless you are completely new to the crypto space...

Majority of people in crypto are praying for bull ever day, 100k? Try 1 million for Bitcoin. Try 100k for random coin of frogs and animals.

You're right they don't have enough Bitcoin, they don't have it. They have maybe 1 million random coin. If Bitcoin goes to 100k, they believe their coin goes x1000.

I hate to say it but people in crypto generally are worse than you think, and nothing surprised me anymore.

What is actually surprising to me is that people are already praying for the bull run and the $100,000 when they don't even have enough Bitcoin. To these people, are you really guys sure that you want Bitcoin to hit $100,000 already? Are you sure you already have enough? Many of you don't even have 1 BTC. Come on! When that proverbial $100,000 arrives, all we can only do is look back to the past and wish that we bought more.

I guess many who are into Bitcoin are greedy and opportunistic but also unmindful. I'm curious if many of them will hodl when $100,000 arrives. Many will probably sell and enjoy it. By the time $300,000 arrives, they will have nothing.

ATH may be higher than $100k, but to say that high inflation and weaker USD is the reason for the bitcoin price increase, I disagree with you on this. Currently, inflation is still high, but I don't see a positive impact on bitcoin, on the contrary, I find everything difficult, and bitcoin is no exception.

The halving will still be the most powerful catalyst to help bitcoin generate new ATHs. But it will be better if the world economy recovers and grows in 2024 and 2025, it will also be an equally important factor for us to expect bitcoin to hit a higher ATH in the next bull season.

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.

$100,000 bitcoin price by the end of 2024 seems like a very low bitcoin price prediction as i guess that by that time the bitcoin halving would have been done, the US dollar may be more weakened and the world economic indicators may be more towards high inflation and at that time people would be investing more in bitcoin which may lead to even higher prices that 100,000$.

Anyways, as we approach towards the next bitcoin halving, we will continue to see such statements by big players in the market. This will increase the hype. Be prepared to read more crazy predictions about bitcoin in the coming months.

Instead of talking about peak prices, then why not people would be starting up to accumulate when the market is bearish or crashing but rather they would be starting to accumulate when its been pumped? Common impression on which human being does have on which fear would really be the main reason on why they do such thing but its totally contrary or having no sense.
This is why it would really be ideal that instead on speaking or minding much about those peak prices or all time highs, it would be more worth if you do mind off on how you would placing yourself
on the bottom and just in case the price would be shooting up then it would really be giving out that profits later on.

There's no way that you could really be able to know on whats ahead and its much better on be wise on taking up some actions when the market is still on reds
and not on the time that it is pumping up.

Bitcoin is trading at $30k, and to own 1BTC these days is also a difficult task, let alone bitcoin surpassing $100k. But I like you, I find something very strange, most people want the bull market to come soon, bitcoin hit a new ATH this year...Many people almost don't want to accumulate cheap bitcoins, or do people already own a lot of bitcoin and want it to go up in price? I think everyone's concern right now is how to make bitcoin grow fast, not focusing on accumulating more bitcoins.

Honestly, I would be happy if bitcoin fell below $20k again this year. Because once bitcoin recovers, we will no longer have a chance to see 20k bitcoins.

What I think is that I am not surprised as the title suggests because I have seen so many price predictions already, almost all of them failed, that another one is not going to surprise me. The best way to get the price right is to do it in a range and in the short term. For example: the price will remain between $25,000 and $40,000 in May.


LMAO, it's just like that.

If we follow bitcoin history, which need not always repeat itself but has so far, the $100,000 mark will be passed around one year after halving, i.e. in mid-2025. It would be better for me if it passes this year, but I think it is unlikely.

There is a chance of course , but why rush when we knew that the effect of halving takes place at least months or year after.


This is what I find in Google search given the link below


The next Bitcoin halving 2024 date according to the BTC halving countdown clock is scheduled to take place at block 840,000 which is predicted to be solved on Apr 27, 2024 03:42:04 PM UTC. At Bitcoin halving 2024, the Bitcoin block reward is scheduled to drop from 6.25 Bitcoin per block to 3.125 Bitcoin per block

link:
Bitcoin Halving date prediction

hope we are all ready as this will be happening sooner ,sometimes we will not notice its already there.

If you look at history more carefully, you will realize that a new ATH or bull season will only come a year after the halving. While the halving is predicted to happen in April/May 2024, the expectation of ATH in early and mid-2024 is unfeasible. Bear season begins in early 2022, and if you believe the 4-year cycle, we are only halfway through the bear season. That means there's still a long way to go until the next bull season. I'm not pessimistic, but my prediction could be 2025-2026, a bull market will happen.

That's a concern for everyone of us, that we haven't bought enough Bitcoin while it is still affordable. When Bitcoin reached $100,000, I believe next year or the year that immediately follows, it will most probably be impossible for ordinary believers like me to own one full Bitcoin. 1 full Bitcoin will only remain a dream. That's why while many are now praying for the bull run to happen and a new ATH will be hit, I am partly hoping that the cheap days will linger for a longer while.