Bitcoin could hit $100,000 within a year, crypto firm's CEO predicts! - page 3.

kotajikikox

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Quote from: tokyohd on April 14, 2022, 08:41:13 PM

Trenchev's 2020 prediction didn't come true. Bitcoin only managed to hit a high of just over $29,000 that year. But the cryptocurrency did eventually surpass that $50,000 in February 2021.

More Details: https://www.google.com/amp/s/www.cnbc.com/amp/2022/04/14/bitcoin-btc-price-could-hit-100000-within-a-year-crypto-ceo.html

Is there something new from this prediction and those predictions releases even last year?
I think what we need to see now is the actual movement and not these BS predictions , I hate seeing more of this when the truth is nothing is coming to reality for the whole year of 2021 and now second quarter of 2022
lets see what will come now? or till 2025 Grin

Bloodseekers

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nothing is impossible, it can happen and everyone can predict what they want to predict. That prediction doesn't have to be true, it's someone's assumption. but I don't believe in it myself because the 100k prediction has been around for a long time and always fails / has not been achieved.

tabas

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Quote from: Oceat on April 15, 2022, 06:28:40 PM

Quote from: tabas on April 15, 2022, 06:02:15 PM

Isn't it scary when most of them are bullish? Well, I've been part of the bullish people and will still be but when news like this comes out most of the time.
There's nothing new when they're telling the same thing. I guess we'll keep on seeing CEOs predicting the same price of bitcoin until it reaches it finally.

Most people think that Bitcoin is like a bubble that's why they keep thinking or hoping that it would be bullish but they never understand the cause and effect after the bull run in a long period of time. We're just so lucky that Bitcoin isn't moving that way but to most altcoins it does happen. And making such prediction or believing that someone could just predict the way they want to as if their prediction matters. In the long run their prediction will just be forgotten as if they never existed so stay focused on reading the chart and do your own thing to make a prediction and stop believing to these so-called experts.

I don't think that bitcoin is a bubble but I'm bullish. But you're right that many are thinking that it's still a bubble that will pop soon but it has been proven that it's not a bubble.
It's a natural growth that we've seen through the years and it's not what they think of. Anyway, if it's about in the long run then it's going to be the same thing. There will be another prediction that we might see again from these high ranking people.

Reid

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And yet it's having a hard time to go back to $50k. But it's okay, it's the behavior of Bitcoin. Volatile. So everything will just be a prediction even from a CEO of a company. I want to stay with the lower expectations to avoid disappointments. Expecting too much could make you regret things.
Just keep on accumulating more, purchase, or however I could grab a Bitcoin out there.
That way, if ever that prediction hits (even if it the real reason is for his own benefit) then it will put a smile on my face.

Leviathan.007

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This forecast of saying bitcoin will reach the 100,000 price level during a year was said by many people, to be honest, I don't really care about the prediction and the forecast of people even if they had a good history of predictions none knows what going be happen in the future, regardless of that, bitcoin reaching 100,000 price level is not something very far and many soon this will happen and this will reach even higher prices than 100,000 but's just about the time because none know when this gonna be happening.

ethereumhunter

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I have no doubts about bitcoin's ability to hit $100,000 but I'm not sure if it will happen this year. But if it happens this year, I'm sure many of us will want to sell it at peak prices. Meanwhile, we still have about 8 months left to see what the bitcoin price will be at the end of this year and now, we are also still allowed to buy bitcoin at the current price. So before the opportunity is lost, we should be able to use it to buy bitcoin and hold it until the price reaches our desired price target.

Kemarit

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Quote from: NeuroticFish on April 15, 2022, 12:04:44 AM

Quote from: tokyohd on April 14, 2022, 08:41:13 PM

Bitcoin could hit $100,000 within a year, the CEO of crypto lending firm Nexo has predicted.

Since his business works with crypto, it's part of the job description to convince people that crypto has a good future.
Making price predictions is one such move. The prediction has 0 value because it's a prediction and the bigger/more interesting the price published, the better chances newspapers will talk about that, also indirectly advertising his company. It's a win-win situation by just telling a number.

So it's a biased prediction with absolutely no value. Sorry.

And same with the other so called perma bulls in the market, their job description is to attract wealthy clients so they have to sing praises about bitcoin and it's massive price increased in the near future so that the potential clients will invest millions on them, and it means profits as a cut for this investment crypto firms. Although the chance to hit $100k is the future is high, it might take some time though and no one knows the exact time when we will achieved it, hence it's a waiting game for us, lots of grinding and years of patience.

LogitechMouse

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I also predicted that $100,000 can be reached in a year. My neighbor also predicted that Bitcoin will be at $200,000 in the next 2-3 years. Somebody who doesn't know anything about Bitcoin just predicted that it will reach a million in a decade. The point here is everybody can predict whatever price they want to. Its just these influential and rich people's prediction are being put to an article but the point here is anybody can predict.

$100,000 in a year is reachable though IMO only if there is no multi-month bear market happening this year or else, this will not happen at least in a year.

Rikafip

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Quote from: tokyohd on April 14, 2022, 08:41:13 PM

For what it's worth, in January 2020 Trenchev predicted bitcoin's price would top $50,000 by the end of that year. "Everybody was laughing me out," he says.

So he is using false prediction as a confirmation that he was right, just because BTC reached 50k few months later? Great!

The worst thing about these useless predictions is that some of them will end up being right, and the people who gave those will be seen as gurus by crypto media and ignorant investors and may even do investments based on their "predictions".

Poker Player

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Yeah, right, and it could also have hit $100K six months ago. In fact it was the minimum expected by everyone involved in this world for the past year, some predictions giving much more. We won't get too excited about that prediction, but maybe people who don't know much about this world will be motivated to invest through his firm.

Oasisman

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Just another prediction like the others, with just different name, from a different company, and different analysis.
We have seen predictions like this like a hundred times, and no it's totally wrong most of the time. There are even unrealistic worse bullish prediction.
For this one, the author might only say $100k this year didn't happen but a year or after many months it became true, and that will validate his prediction lol.

adaseb

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Yes it’s possible. His prediction isn’t as bad as others which were predicting $250 K in 60 days when we were trading in the $60K zone.

1 year is a long time. We can have a recession, Bitcoin can break $28K and head to. $20K and reverse and in a few short months can break the $69K ATH and head to $100K.

Lately all bear markets whether for crypto or stocks are very short. So it’s possible.

ajochems

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The continuous increase in the price of bitcoin was essential one for this.Now the people investing was reduced due to the economic crisis,or else it may reached 70k dollars already.Many people of various countries suffer a lot in inflation.The food value increase a lot.The price of food items which is essential to make the food was increased to higher prices.So food price increased huge.

Vaskiy

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$100k within a year could happen. This is based on the ath of bitcoin that is being reached last year. The price started to reach ath in an unexpected time period and everything happened within a very short time period. Considering such growth pattern reaching $100k is possible, but the market need to be supportive. For now it looks like the market is in a stabilized move. So, it looks like we'll experience slow and steady growth till the year end.

Oceat

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Quote from: tabas on April 15, 2022, 06:02:15 PM

Isn't it scary when most of them are bullish? Well, I've been part of the bullish people and will still be but when news like this comes out most of the time.
There's nothing new when they're telling the same thing. I guess we'll keep on seeing CEOs predicting the same price of bitcoin until it reaches it finally.

Most people think that Bitcoin is like a bubble that's why they keep thinking or hoping that it would be bullish but they never understand the cause and effect after the bull run in a long period of time. We're just so lucky that Bitcoin isn't moving that way but to most altcoins it does happen. And making such prediction or believing that someone could just predict the way they want to as if their prediction matters. In the long run their prediction will just be forgotten as if they never existed so stay focused on reading the chart and do your own thing to make a prediction and stop believing to these so-called experts.

tabas

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Isn't it scary when most of them are bullish? Well, I've been part of the bullish people and will still be but when news like this comes out most of the time.
There's nothing new when they're telling the same thing. I guess we'll keep on seeing CEOs predicting the same price of bitcoin until it reaches it finally.

Myleschetty

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I hope people won't believe take this prediction of the CEO of crypto lending firm Nexo seriously because it is something we have seen countless times before when people make a market prediction on their own beliefs which didn't play any significant role in the Bitcoin market.
Bitcoin will reach a $100K price but it is too early now.

ololajulo

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Most of such predictions are meant for new and young investors that could be caught on bulltrap. I dont doubt anything in crypto but prediction with time frame is not always wise. I will also welcome analysis of the market and comparing with previous occurrence but we cant rule out changes in market response as the market is growing. We need to consider the influence of whales in this market and the way they are holding the coin

dunfida

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Quote from: arwin100 on April 15, 2022, 08:43:02 AM

How many times we see those prediction fails? Most of those prediction didn't have proper timeline so I guess they are just waiting for it to happen and praise their selves once those price came to reality. So maybe best for you to not mind all of those prediction because some do it for their own benefits they just want to be discussed by majority and this is huge exposure to them if they succeed.

Just another day Just another prediction that we are seeing and its not something new.Some do even reach out unrealistic numbers and some are good to consider but in overall everything would really be that unpredictable and this is should how people do really mind off about their investment that there's no assurance on when we do hit another All time highs and with this random market then its really that hard.
No matter how popular or known person or institution would be saying those numbers, it wont really be that much different into those ordinary traders/investors in the market
when it comes to price calls.

Johnyz

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Many already believes on this and seriously they are just saying the same thing and this is not a new thread because someone already post a topic like this. Bitcoin is unpredictable, the price can pump easily and it can also dump without any support level, the risk is still here but if you do believe in long term holding then you might be able to witness that price with a huge amount of Bitcoin holdings, just be more patient.

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