Bitcoin could hit $100,000 by the end of 2024 - Standard Chartered - Surprised? - page 4.

ajiz138

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Quote from: TheGreatPython on April 30, 2023, 03:23:21 PM

Quote from: aioc on April 26, 2023, 09:55:35 AM

I don't want to be in a delusional state to thinking that it will hit 6 digits in just a short period of time, I prefer a modest prediction, not one that thinks that it will skyrocket, although in the back of my mind, I wish it could happen but its better to spread FOMO than to spread FUD.

But IMO, $100k is truly possible even in the beginning or mid of 2024. If that doesn't happen then I am sure it will happen at the last month of that same year. Some says that 2025 is also a bullish year for BTC but that year is only our back up if there are no major increase that happens within these two consecutive years (2023-2024).

1 and 1/2 year is not a short period of time and if you check the past history of BTC, there are times where the increase is quick. Don't worry or don't be guilty because $100k is still a modest prediction. Remember, we are at $69k last time and that was only $30k away from $100k which isn't that high. There is no need to spread this FOMO because it's being talked about all the time and many people are now aware of this.

Whatever it can happen, anyone is free to predict the price of bitcoin which he believes will reach that target regardless of several other speculations in 2025 there is still a very high possibility too because seeing the previous journey from the halving it took several months to reach its bullish peak.

It's still a short time to reach where it will be the expected level, of course looking at the history of how bitcoin went before, but this time it might be a little different and 100K is definitely a passable for the next phase but for me ATH will be over of the.

About Fomo as long as it's not on other coins but for FOMO now it's not a problem.

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Quote from: aioc on April 26, 2023, 09:55:35 AM

I don't want to be in a delusional state to thinking that it will hit 6 digits in just a short period of time, I prefer a modest prediction, not one that thinks that it will skyrocket, although in the back of my mind, I wish it could happen but its better to spread FOMO than to spread FUD.

But IMO, $100k is truly possible even in the beginning or mid of 2024. If that doesn't happen then I am sure it will happen at the last month of that same year. Some says that 2025 is also a bullish year for BTC but that year is only our back up if there are no major increase that happens within these two consecutive years (2023-2024).

1 and 1/2 year is not a short period of time and if you check the past history of BTC, there are times where the increase is quick. Don't worry or don't be guilty because $100k is still a modest prediction. Remember, we are at $69k last time and that was only $30k away from $100k which isn't that high. There is no need to spread this FOMO because it's being talked about all the time and many people are now aware of this.

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Quote from: avikz on April 25, 2023, 12:24:50 AM

We have read many similar predictions by many market analysts and so-called Bitcoin enthusiasts about the bright future of Bitcoin. This is not surprising and this post is not a speculation post. What is surprising is that such kind of optimistic predictions is coming from one of the banking majors. The current banking turmoil has helped Bitcoin to win the trust of the people.

People are talking about their desires when you put a mic on their faces, not reality. Obviously these days it's more digital and less microphone but the same logic continues. If someone asked me what I think bitcoin will do by the end of 2024 I would have said a lot higher result, but that doesn't mean that I think it is realistic, I just think that it would be good to have something like that.

I hope that it goes as well as possible, but I do not think that it will be possible. Just focus on what could happen in reality, forget about what would be your dream. 100K could be a good one, not really entirely sure if it will be possible or not but I think it should be "possible", not saying it will happen, but it is possible to see that without a doubt.

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Quote from: Fundamentals Of on April 29, 2023, 08:50:46 PM

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In fact if it's the end of 2024 that we're looking forward to, $100,000 is a moderate prediction. It could easily go higher than that.

I also believe that the $100k target is easy for bitcoin, I predict bitcoin will have a higher ATH of $100k in the next bull season. But when does it happen, and predicting the end of 2024 is not for me. Considering bitcoin's 4-year cycle, and if history repeats itself, we need to wait until 2025 to see a real bitcoin bull run.

I don't care too much about when bitcoin will hit a new ATH, because sooner or later it will. What concerns me more is that I fear that I won't be able to own enough bitcoins until the bull season arrives.

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As Bitcoin blocks decrease, the price of Bitcoin will i ncrease and the more Bitcoin will spread among people. Bitcoin block height in 2020 was 6.25 Bitcoin block height was 6.30000. And in 2024 Bitcoin Block 3.125 and Bitcoin Block Height 8.40000.
On average, the price of Bitcoin will double over the last year, so there is a high probability that the price of Bitcoin will go above $100,000 among experts.

Fundamentals Of

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We are always on the road to winning. Despite all the bumps along the way, we all know we are on the right track. We all know we are moving towards victory.

$100,000 is just a matter of when. If it's the kind of victory many consider, although it is just actually a battle to me, then we should all consider ourselves victors.

In fact if it's the end of 2024 that we're looking forward to, $100,000 is a moderate prediction. It could easily go higher than that.

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Quote from: BitDane on April 29, 2023, 05:59:19 PM

Quote from: Cryptomiles1 on April 25, 2023, 07:31:16 AM

All these statement here are "possibility statement" which are not "True" and even if is true how certain are they by saying " ". Hence is a "biconditional statement" where the predictor or speculator are not yet fully convinced it will happen how they said but are still having thought or thinking it could be but not sure (false), it can only be true with the two results are said to be "T" (outcome).

What would we expect, it is a prediction and prediction is always a biconditional since it may or may not happen. It isn't that they are not convinced (since them stating it is a sign that they believe that the possibility of the statrment to happen is high) but it is ( the use of "could" in the statement) a safe statement to say especially when declaring it on public. It gives them an escape route if ever the prediction do not happen.

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As an investors I think they are only trying to be optimistic about the future of bitcoin.

True, they (investors) need to be optimistic or their hope will start to deteriorate.

Most of this prediction also cause threat to people around the forum since there are lot of unforeseen circumstance that may come up. What I understand fully on bitcoin is, just buy and hold till whenever you feels is okay for one to sell then they should go ahead and sell than given false hope and causing people to panic towards bitcoin even also trying to put threat on little investors of jumping into the market with high hope it would go as they predicted. Can't they keep shot for some while without causing FUD?

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Quote from: Cryptomiles1 on April 25, 2023, 07:31:16 AM

Quote from: mk4 on April 25, 2023, 01:37:21 AM

They keyword here is: could

bitcoin could hit $100,000
bitcoin could hit $10,000
bitcoin could hit $1,000,000
bitcoin could hit $100

Could just means that there's a (albeit non-zero) possibility — not necessarily that it will happen.

All these statement here are "possibility statement" which are not "True" and even if is true how certain are they by saying " ". Hence is a "biconditional statement" where the predictor or speculator are not yet fully convinced it will happen how they said but are still having thought or thinking it could be but not sure (false), it can only be true with the two results are said to be "T" (outcome).

What would we expect, it is a prediction and prediction is always a biconditional since it may or may not happen. It isn't that they are not convinced (since them stating it is a sign that they believe that the possibility of the statrment to happen is high) but it is ( the use of "could" in the statement) a safe statement to say especially when declaring it on public. It gives them an escape route if ever the prediction do not happen.

Quote

As an investors I think they are only trying to be optimistic about the future of bitcoin.

True, they (investors) need to be optimistic or their hope will start to deteriorate.

STT

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Quote from: mk4 on April 25, 2023, 01:37:21 AM

They keyword here is: could

bitcoin could hit $100,000
bitcoin could hit $10,000
bitcoin could hit $1,000,000
bitcoin could hit $100

Of all those prices I'd argue 100 and 10k in 2024 are the least likely. If BTC falls that much we either have hard currency ~ high interest rates circa 1981 Volcker FED or the blockchain failed in some way and so the price is likely to be non existent or tradable by that point. 1 mil seems unlikely and improbable and some would think impossible but the reason why you should have a definite bias to the upside is not crypto based reasoning but knowledge of dollars and the amount of debt payable. This debt is only serviceable with a depreciating currency, if we do have a hard currency or deflationary environment the central banks would have considered themselves to have failed ie. a 1930's depression reoccurrence .
Of course there is no absolute certainty but we do know for certain a large amount of debt with higher interest cost such as the US national treasury debt will require a greater amount payable then the entire tax revenue; you would have a superpower weaker then Greece so then that is not happening . Its not essentially about BTC but more about what happened to most major currencies as they became long term weak, YEN might even cease to exist this is the background for your BTC predictions hence I do rule out $100.

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Quote from: Merit.s on April 29, 2023, 07:48:01 AM

It is possible that bitcoin will hit $100k by next year ending which will be after the halving. This year has been a good year for bitcoin and that is why you see that Chartered Bank has accepted the truth about bitcoin being a volatile asset with great opportunity to pump higher after the halving. The next bull run price at ATH will be a surprise to investors because they will be shocked with the amount it will hit. From my own speculation due to the recent turmoil in the banking system, more banks might still crash and investors will be left with no option than to invest in bitcoin. All these will skyrocket the price to $200k. The truth about bitcoin cannot be hidden anymore.

I don't expect $100k to be hit easily this year even though bitcoin is likely very well backed by good fundamentals. A bigger bullish factor can hopefully help bitcoin to be very bullish so we can be hopeful about a new ATH, above $70k at least.

Of course we really hope that a lot of positive things can happen before the halving and after, so it's true that patience will be expected to pay off well in the future. I think we should just be prepared to buy more as long as bitcoin is under $30k, to me this is a good opportunity to accumulate it instead of just hoping bitcoin will hit new ATH this year.

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Quote from: OgNasty on April 29, 2023, 01:01:09 PM

I don't think that we will hit $100K by the end of the year, but if we do I will likely be a seller.

They are talking about the end of 2024, not this year. I feel like 100k in 2023 is out of the equation.

Quote

I suspect we will see a steady increase (except the daily trading nonsense) as we head into the halving with a correction afterwards before loading up for the next run to a bubble top... This means if we do see a crazy new ATH BEFORE the next halving in April of 2024, I will likely be a seller.

I will be a seller at 100k, no matter when we achieve it. I'm not planning to dump my bitcoins, but not exchanging at least 10% would feel like a waste a this crucial level.
For legacy users who were there before we hit 1k USD, achieving 100k is an end game. I don't want more fiat, but I'm planning to buy a few things and have some fun to celebrate 100k.

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I don't think that we will hit $100K by the end of the year, but if we do I will likely be a seller. I suspect we will see a steady increase (except the daily trading nonsense) as we head into the halving with a correction afterwards before loading up for the next run to a bubble top... This means if we do see a crazy new ATH BEFORE the next halving in April of 2024, I will likely be a seller. This is because I believe a new ATH should come after a correction happens after the halving (halfining). I don't usually say to trade BTC, but if there were a time to trade it, it would be selling the top just before the halfining and then buy back the bottom once the sellers take profits. This is the only acceptable trade to make over the next 2 years in my opinion.

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Quote from: Yaunfitda on April 26, 2023, 05:08:20 AM

I think everyone is on the same boat as far as bitcoin hitting that 6 digits in the future. We do failed that prediction though in 2021, when everyone thought that $100k will be the big price because some bitcoin price modelling made famous by someone.

Nevertheless, I will say that it is more doable in the next bull run than the previous. We've seen $69k as our last all time high. So the expectation is that we will surpassed in in 2024-2025 with a conservative estimates of $100k. So it's just a matter of time for us. And we should all be prepared and ready and stack sats already.

I agree, last time around the bottom was at around under 4k levels, that is what we had in march 2020 if I am not wrong, and by the time it was April 2021 we had 64k, which is a proof that we have gone so much more than people assume, it was a great bull run for a whole year.

If we have a year like that then we are going to end up with much more than 100k, we failed last time because we had to come from 4k levels all the way there, but this time around we could end up with a much bigger increase over course of a period, it will make us profit like crazy. If we consider that 16k as our bottom, then we can say that it is going to be 100k+ easily, even if we have less increase than the 2021 one, it would still reach that 100k level and should be doing fine for sure.

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Quote from: Merit.s on April 29, 2023, 07:48:01 AM

It is possible that bitcoin will hit $100k by next year ending which will be after the halving. This year has been a good year for bitcoin and that is why you see that Chartered Bank has accepted the truth about bitcoin being a volatile asset with great opportunity to pump higher after the halving. The next bull run price at ATH will be a surprise to investors because they will be shocked with the amount it will hit. From my own speculation due to the recent turmoil in the banking system, more banks might still crash and investors will be left with no option than to invest in bitcoin. All these will skyrocket the price to $200k. The truth about bitcoin cannot be hidden anymore.

The prediction is realistic compared to the late McAfee's prediction, $100k is possible because 2024 is the year of the halving but I doubt it will hit that exact price if there are no more FUDS coming and adoption continues, we'll see 6 digits mark for Bitcoin, the only thing that keeps the price to move forward from the price we all been wanting is the too may hacking, scamming and FUD.
The market is highly volatile bad news and FUD will create a turnaround, so far Bitcoin is doing good, but I don't rule out the possibility of the government's continuous crackdown, there is news that they are eyeing Binance and this is bad if ever Authorities put Binance in a bad situation, the market and the community will suffer again.

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Quote from: justdimin on April 29, 2023, 01:50:25 AM

Quote from: Minecache on April 27, 2023, 04:52:14 AM

Quote from: avikz on April 25, 2023, 12:24:50 AM

...

Thoughts?

If someone asks about my prediction, I'm thinking Q2 2025, not the end of 2024, we'll have a bull run, and bitcoin hit a new ATH. Based on what has happened in the past, the bull season will come a year after the halving rather than at the same time or within a few months of the halving. While the halving is still more than a year away, in my opinion, it is very difficult to achieve a new ATH by the end of 2024. I still believe in history repeating itself until there is new history.

I agree, I would say somewhere around q4 of 2025 is not unlikely neither, the only reason is that q3 is usually not a great period for increases, we haven't had any ATH during q3 mostly, it is either q2 or q4 that we have it.

So, I think it will be either q2 of 2025 or if it fails to reach those levels by that time, then it could be q4 of it as well. Remember that in 2021 we didn't had 69k levels up until q4, it was in q2 where we had 64k and that was a great moment but that was just an ordinary situation, then it ended up being a lot lower, under 30k yet again, and then it went to 69k levels in q4 as well. So maybe the similar thing will happen and maybe we will not see something much different in most cases so 2024 may not be enough at all.

If I remember correctly, the ATH during the 2017 bull season also falls in October-November, so I will agree with your thoughts.

Although there is no certainty about this, my prediction is that 2025 will also be when the world economy enters a new phase of growth after the crisis period and also the best time for the market's explosive growth. I don't know what people think, but with the 4-year market cycle and the world economy entering a new phase, the next bull season will be the strongest one we have, IMO.

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It is possible that bitcoin will hit $100k by next year ending which will be after the halving. This year has been a good year for bitcoin and that is why you see that Chartered Bank has accepted the truth about bitcoin being a volatile asset with great opportunity to pump higher after the halving. The next bull run price at ATH will be a surprise to investors because they will be shocked with the amount it will hit. From my own speculation due to the recent turmoil in the banking system, more banks might still crash and investors will be left with no option than to invest in bitcoin. All these will skyrocket the price to $200k. The truth about bitcoin cannot be hidden anymore.

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Isn't it that it adds some flames when it's the institutions that are selling something positive? Have you guys remembered when we're on the bullish days and then everyone is also bullish which it turns out that we're at the near end of the bull run during those days?
I don't know, I'm not just confident with these institutions keeps on giving that high predictions although I like it to be optimistic as I can be but whenever they're too bullish like it's unlikely at the current form of bitcoin, that gives me that scary thought.

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Quote from: Minecache on April 27, 2023, 04:52:14 AM

Quote from: avikz on April 25, 2023, 12:24:50 AM

...

Thoughts?

If someone asks about my prediction, I'm thinking Q2 2025, not the end of 2024, we'll have a bull run, and bitcoin hit a new ATH. Based on what has happened in the past, the bull season will come a year after the halving rather than at the same time or within a few months of the halving. While the halving is still more than a year away, in my opinion, it is very difficult to achieve a new ATH by the end of 2024. I still believe in history repeating itself until there is new history.

I agree, I would say somewhere around q4 of 2025 is not unlikely neither, the only reason is that q3 is usually not a great period for increases, we haven't had any ATH during q3 mostly, it is either q2 or q4 that we have it.

So, I think it will be either q2 of 2025 or if it fails to reach those levels by that time, then it could be q4 of it as well. Remember that in 2021 we didn't had 69k levels up until q4, it was in q2 where we had 64k and that was a great moment but that was just an ordinary situation, then it ended up being a lot lower, under 30k yet again, and then it went to 69k levels in q4 as well. So maybe the similar thing will happen and maybe we will not see something much different in most cases so 2024 may not be enough at all.

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Quote from: mk4 on April 25, 2023, 02:13:44 AM

Quote from: crwth on April 25, 2023, 02:03:38 AM

I found it amazing that major banking is also hyping Bitcoin and seeing that prediction makes me feel like I'm doing the right decision to obtain more and more of BTC. I hope that everyone would be able to go along and see the real value of BTC and increase the chances of reaching it earlier.

I'm curious as to "What changed?" or Why do the major banks predict this kind of thing?

Nothing. Nothing changed. People from certain banks or any financial service (or just people with some influence in general) just likes to flip flop their opinions on Bitcoin/crypto depending on their agenda or just because they want their names to appear on news sites.

I thought of the same thing as well, Bitcoin has largely become the center of attraction for the globe, and a very large amount of people only get themselves involved and interested to gain the attention of the general public or to gain likes and interests of the people who like and use Bitcoin, it's just like a marketing technique.

A wise person would know that they can get free publicity if they make a controversial statement about Bitcoin, whether positive or negative, and one can easily use this thing only to benefit from the hype.

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Quote from: avikz on April 25, 2023, 12:24:50 AM

...

Thoughts?

If someone asks about my prediction, I'm thinking Q2 2025, not the end of 2024, we'll have a bull run, and bitcoin hit a new ATH. Based on what has happened in the past, the bull season will come a year after the halving rather than at the same time or within a few months of the halving. While the halving is still more than a year away, in my opinion, it is very difficult to achieve a new ATH by the end of 2024. I still believe in history repeating itself until there is new history.

Topic: Bitcoin could hit $100,000 by the end of 2024 - Standard Chartered - Surprised? - page 4. (Read 901 times)