Bitcoin may drop to $15k or so but it'll definitely hit $300k+ in coming years

fuguebtc

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Quote from: Silberman on November 04, 2022, 03:47:27 PM

Quote from: execijutiere on November 01, 2022, 06:30:50 PM

Those who want to escape from rising inflation in countries are forced to choose some options. One of these may be seen as bitcoin.
Bitcoin will eventually come to these levels, but I think we should discuss its technology, not its price. We need to talk about the existence of blockchain, which is shown as the technology of the future. As it already takes place in our lives, it will be very normal to see these prices.

It is depressing to say this but a great deal of people do not care at all about the technology behind bitcoin and what makes it valuable, the only thing they care about is that they can obtain great profits with bitcoin, and they are part of the reason why the market still goes through such obvious cycles as those speculators only come to this market when it is clear there is a bull trend and they make the price of bitcoin to skyrocket, but once there is a slight sign the bull market is over they try to get out of the market as a way to preserve the profits they have obtained until that point.

What about us? I also think we are here for the profit and not its technology, for the average person who is not tech savvy you cannot expect more from them. No matter how technologically superior bitcoin is, if it doesn't make a profit for us, no one will care about it. There will be volatility in the investment market, I believe that if bitcoin becomes stable you will leave the market let alone everyone else. That's a pretty harsh truth.

Lubang Bawah

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All predictions of drop prices are certainly reasonable and can happen so that they remind us to always be vigilant, I keep bitcoin in coinbase and often follow advice from articles or comments on Twitter Coinbase, and I can reduce greater losses because they have sold $ 38k and are proven after 12 days the price of dropped below $ 30k and continues to drop until now.

Oilacris

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Quote from: BITCOIN4X on November 04, 2022, 04:09:07 PM

Quote from: Silberman on November 04, 2022, 03:47:27 PM

It is depressing to say this but a great deal of people do not care at all about the technology behind bitcoin and what makes it valuable, the only thing they care about is that they can obtain great profits with bitcoin,

That's generally how it is and I wouldn't be surprised. The reasons vary because you should know that each country has different regulations regarding bitcoin especially regarding its use case as a currency. You shouldn't be forced to keep using bitcoin as a means of payment if your government actually prohibits it from you by law. Then what's sad?

So it makes sense that most of the users here are only using bitcoins for profit through trading and investing. There is nothing really wrong with such an mindset as it also underpins the existence of bitcoin and its popularity.

There are people who do really mind off when it comes to utility and this is why they do really make it as an issue whenever there are things they do saw which they dont really like, ex. Regulation.

You wouldn't really be having no choice but to keep silent and stick out on saving or accumulating it.Its true that majority or most of people do really see about on investment side which it is really

that normal that they would really be minding or being too positive on what prices could able to hit up.Its true that Bitcoin didnt failed on surprising us
but being too optimistic on prices could really lead into frustration and stress.

TheGreatPython

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Quote from: Silberman on November 04, 2022, 03:47:27 PM

Quote from: execijutiere on November 01, 2022, 06:30:50 PM

Those who want to escape from rising inflation in countries are forced to choose some options. One of these may be seen as bitcoin.
Bitcoin will eventually come to these levels, but I think we should discuss its technology, not its price. We need to talk about the existence of blockchain, which is shown as the technology of the future. As it already takes place in our lives, it will be very normal to see these prices.

It is depressing to say this but a great deal of people do not care at all about the technology behind bitcoin and what makes it valuable, the only thing they care about is that they can obtain great profits with bitcoin, and they are part of the reason why the market still goes through such obvious cycles as those speculators only come to this market when it is clear there is a bull trend and they make the price of bitcoin to skyrocket, but once there is a slight sign the bull market is over they try to get out of the market as a way to preserve the profits they have obtained until that point.

Being a hedge against inflations must be one of the technologies behind btc and many people want to escape inflations. They consider using btc because of it. We must be happy for that because they think btc is more valuable that a fiat. For those who invest in btc to gain a profit. They are still supporting btc in a way that they put most of their fiat here but they will convert their btc to fiat again later on.

Btc grows bigger and better if there are two types of btc users than if there's only one and if people are only using their btc as a currency and wishes that volatility will go away. There are other cryptos and some of them might have surpass btc already long time ago if that happened.

dunfida

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Quote from: Silberman on November 04, 2022, 03:47:27 PM

Quote from: execijutiere on November 01, 2022, 06:30:50 PM

Those who want to escape from rising inflation in countries are forced to choose some options. One of these may be seen as bitcoin.
Bitcoin will eventually come to these levels, but I think we should discuss its technology, not its price. We need to talk about the existence of blockchain, which is shown as the technology of the future. As it already takes place in our lives, it will be very normal to see these prices.

It is depressing to say this but a great deal of people do not care at all about the technology behind bitcoin and what makes it valuable, the only thing they care about is that they can obtain great profits with bitcoin, and they are part of the reason why the market still goes through such obvious cycles as those speculators only come to this market when it is clear there is a bull trend and they make the price of bitcoin to skyrocket, but once there is a slight sign the bull market is over they try to get out of the market as a way to preserve the profits they have obtained until that point.

Majority is really like this on which they dont really care about the utility but they do really care when it comes to investment matter.Well, it cant really be denied that majority is been eyeing on how to make profits via

just simply holding it for long term.We've seen lots of people who had become rich specially into those long term holders and this is where people do really put up their focus.

Speaking about 300k price then it is something too far off or something not realistic as of these days.Always be mindful about on the current market condition.
Be at least realistic on how it behaves so that you wont be ending up on guessing those numbers which is too high.

BITCOIN4X

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Quote from: Silberman on November 04, 2022, 03:47:27 PM

It is depressing to say this but a great deal of people do not care at all about the technology behind bitcoin and what makes it valuable, the only thing they care about is that they can obtain great profits with bitcoin,

That's generally how it is and I wouldn't be surprised. The reasons vary because you should know that each country has different regulations regarding bitcoin especially regarding its use case as a currency. You shouldn't be forced to keep using bitcoin as a means of payment if your government actually prohibits it from you by law. Then what's sad?

So it makes sense that most of the users here are only using bitcoins for profit through trading and investing. There is nothing really wrong with such an mindset as it also underpins the existence of bitcoin and its popularity.

Silberman

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Quote from: execijutiere on November 01, 2022, 06:30:50 PM

Those who want to escape from rising inflation in countries are forced to choose some options. One of these may be seen as bitcoin.
Bitcoin will eventually come to these levels, but I think we should discuss its technology, not its price. We need to talk about the existence of blockchain, which is shown as the technology of the future. As it already takes place in our lives, it will be very normal to see these prices.

It is depressing to say this but a great deal of people do not care at all about the technology behind bitcoin and what makes it valuable, the only thing they care about is that they can obtain great profits with bitcoin, and they are part of the reason why the market still goes through such obvious cycles as those speculators only come to this market when it is clear there is a bull trend and they make the price of bitcoin to skyrocket, but once there is a slight sign the bull market is over they try to get out of the market as a way to preserve the profits they have obtained until that point.

execijutiere

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Those who want to escape from rising inflation in countries are forced to choose some options. One of these may be seen as bitcoin.
Bitcoin will eventually come to these levels, but I think we should discuss its technology, not its price. We need to talk about the existence of blockchain, which is shown as the technology of the future. As it already takes place in our lives, it will be very normal to see these prices.

GreatArkansas

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Quote from: Vaskiy on October 23, 2022, 01:12:25 PM

(....)
In all such occasion the price speculation need to coincide with the real market situation than imaginary. In such stance $100k seems to be realistic and $300k+ looks imaginary.

For me, the $300,000 is very possible for Bitcoin but I am not expecting it to happen within 10 years from now. The cryptocurrency market is growing every day no matter how much the cryptocurrency market cap is lost during a bear market, it's part of the market.
If from $1 to $10,000 to all-time high price around $69,000 then for me, the $100,000 up to $300,000 is still possible for Bitcoin.

GeorgeJohn

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Quote from: Crypto Legend on October 27, 2022, 04:45:09 AM

In my opinion the opportunity to drop is greater because of external factors, namely inflation that occurs in almost many countries, this is what makes us not expect more to the performance of Bitcoin prices, and opportunities for dropping below $ 15k certainly can also occur.

The price of Bitcoin increment and decrement does not measured by the inflation of a particular country, their is every tendency that what determines the increment in the price of Bitcoin is dependable by the investors who comes in into bitcoin market and investment, at this point the price of Bitcoin has gotten to the extent of bitcoin to continue be adding more values because of we are approaching to enroll into 2023.

Silberman

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Quote from: Slow death on October 29, 2022, 05:14:06 PM

when the price reached 60,000$ I remember hearing a lot of people say that the price of bitcoin would not fall back to 20,000$ and the price dropped to 18000$, by which I mean to keep thinking about 300,000$ later to have seen the price reach 60,000 and have dropped to 18,000 seems an exaggeration to me, why? because maybe the price doesn't even go above 40,000$ again, it could be that 20,000$ is the price that stays for years and years, so think about 300,000$? It's a big exaggeration, I hope people don't keep buying and then hodl until they're old waiting to see 300,000

As most of the time there are no absolutes, if someone is planning to be a long term holder, and by that I mean been wiling to hold for at least a decade, then there is nothing wrong with those people buying their coins now waiting for 300k to appear, since buying now means being able to enjoy the effects of 3 halvings, and while it seems the halving effect is going down as time has passed I will think that is more than enough time for the price to reach 300k with ease.

Slow death

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when the price reached 60,000$ I remember hearing a lot of people say that the price of bitcoin would not fall back to 20,000$ and the price dropped to 18000$, by which I mean to keep thinking about 300,000$ later to have seen the price reach 60,000 and have dropped to 18,000 seems an exaggeration to me, why? because maybe the price doesn't even go above 40,000$ again, it could be that 20,000$ is the price that stays for years and years, so think about 300,000$? It's a big exaggeration, I hope people don't keep buying and then hodl until they're old waiting to see 300,000

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Quote from: xSkylarx on October 22, 2022, 05:28:38 AM

Quote from: BitcoinBarrel on October 15, 2022, 11:12:08 PM

That's just my thoughts. Maybe by 2024, unless all hell breaks loose.

It's hard to imagine how bitcoin will reach $300k by 2024. I mean what kind of investors or news will be the catalyst for it to soar that high. There are no signs yet of global adoption and government are still skeptic about considering it as an asset. Breaking its current ATH at $69k is what I think probable to happen on the next bull cycle.

Although bitcoin is full of surprises, but I don’t see it happing soon for bitcoin price to reach $300k. Breaking previous ATH of course will be very possible like even reaching $100k, but higher than that may only mean that we are already close to global adoption. Although it’s still possible, but not as early as 2024.

Silberman

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Quote from: Baofeng on October 27, 2022, 08:33:56 AM

This got me thinking though,

What if the price didn't drop to $15k, are the chances to hit $300k in the next bull run out of the picture?

What if we did hit $15k but then hoping for a $300k run that will not happen?

Anyhow, I know that this is just a prediction and wild educated guesses. A lot of trial and error and validation and invalidation.

At the end we are not going to know until it happens, however during the crash caused by the pandemic bitcoin went back to the 3.7k level and from there it did a 19x, going from 15k to 300k is a 20x jump, so while it is more difficult to make that jump due to all the additional money that we need it is not out of the question for such a huge growth to happen, however I would prefer to be more conservative in my approach as I think it is getting more and more difficult for bitcoin to grow.

Nrcewker

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Quote from: BitcoinBarrel on October 15, 2022, 11:12:08 PM

That's just my thoughts. Maybe by 2024, unless all hell breaks loose.

As long as internet keeps chugging along though, BTC will prevail.

I can agree on the fact that BTC will definitely rise. I mean history has already hinted and proved that. We can also use some stats to prove that BTC has actually the capability to do this. BTC are limited in supply and the marketcap is huge. So when the demand of the coin increases the price will definitely rise to maintain the demand of the coin and this will lead to the price hike. I cannot say the exact time it would take, but definitely it will be soon. Regarding the low price, it will only happen if the whales manipulates the market.

Baofeng

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This got me thinking though,

What if the price didn't drop to $15k, are the chances to hit $300k in the next bull run out of the picture?

What if we did hit $15k but then hoping for a $300k run that will not happen?

Anyhow, I know that this is just a prediction and wild educated guesses. A lot of trial and error and validation and invalidation.

Crypto Legend

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In my opinion the opportunity to drop is greater because of external factors, namely inflation that occurs in almost many countries, this is what makes us not expect more to the performance of Bitcoin prices, and opportunities for dropping below $ 15k certainly can also occur.

dunfida

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Quote from: Silberman on October 26, 2022, 02:59:03 PM

Quote from: Dave1 on October 25, 2022, 05:29:46 AM

Quote from: piebeyb on October 24, 2022, 02:05:04 AM

Quote from: Vaskiy on October 23, 2022, 01:12:25 PM

In all such occasion the price speculation need to coincide with the real market situation than imaginary. In such stance $100k seems to be realistic and $300k+ looks imaginary.

yes it's all back again based on speculation not something real, $300k is a very high price where the crypto market in 2021 alone couldn't break through the $100k in 2021 and a lot of people hoped for that but they were lagging behind selling when the price hit ATH around $69k in the middle of 2021 suddenly the price dropped so deep, while at that time the crypto market was bullish, so it's always a lesson for the next year so as not to fall behind like yesterday, get the benefits of investing now buy cheap at this time

Just shows how difficult to really predict the price, when we had the pandemic, the price crashed to $3k, and the the halving and the eventual run in 2020. But it's not done yet as we rally to an all time high of $69k and we thought that 6 digits is next. But the bubble has been burst and no more $100k for us. And that's why if we read the replies, majority thinks that $300k is too big as a prediction in the next bull run.

Which ironically it may be the reason we get to see 300k during the next bull run, I remember that during the bull run of 2017, which actually began to manifest itself during 2016, people did not really thought that bitcoin could go beyond 2k and they began to sell their coins waiting for a crash, but instead the price skyrocket to levels that many of us were not expecting to see so soon, during the bull market of 2020 we saw the opposite in which we expected for higher prices which never materialized, so now that we are back at being more conservative with our predictions it would not be rare for bitcoin to surprise us once again.

This where people do really have high hopes because we had already had some experiences in the past that it could reach out those possible prices.We didnt even expect that it could hit up almost $70k

and now that its price had dropped -70% then its safe to presume that this is really a sweet spot on entering or buying cheaper coins not only on Bitcoin but also in other altcoins as well.

Just dont make yourself that too expecting or hopeful so that it wont really frustrate or disappoint you when bitcoins price didnt hit up that target.

Silberman

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Quote from: Dave1 on October 25, 2022, 05:29:46 AM

Quote from: piebeyb on October 24, 2022, 02:05:04 AM

Quote from: Vaskiy on October 23, 2022, 01:12:25 PM

In all such occasion the price speculation need to coincide with the real market situation than imaginary. In such stance $100k seems to be realistic and $300k+ looks imaginary.

yes it's all back again based on speculation not something real, $300k is a very high price where the crypto market in 2021 alone couldn't break through the $100k in 2021 and a lot of people hoped for that but they were lagging behind selling when the price hit ATH around $69k in the middle of 2021 suddenly the price dropped so deep, while at that time the crypto market was bullish, so it's always a lesson for the next year so as not to fall behind like yesterday, get the benefits of investing now buy cheap at this time

Just shows how difficult to really predict the price, when we had the pandemic, the price crashed to $3k, and the the halving and the eventual run in 2020. But it's not done yet as we rally to an all time high of $69k and we thought that 6 digits is next. But the bubble has been burst and no more $100k for us. And that's why if we read the replies, majority thinks that $300k is too big as a prediction in the next bull run.

Which ironically it may be the reason we get to see 300k during the next bull run, I remember that during the bull run of 2017, which actually began to manifest itself during 2016, people did not really thought that bitcoin could go beyond 2k and they began to sell their coins waiting for a crash, but instead the price skyrocket to levels that many of us were not expecting to see so soon, during the bull market of 2020 we saw the opposite in which we expected for higher prices which never materialized, so now that we are back at being more conservative with our predictions it would not be rare for bitcoin to surprise us once again.

piebeyb

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Quote from: Dave1 on October 25, 2022, 05:29:46 AM

Quote from: piebeyb on October 24, 2022, 02:05:04 AM

Quote from: Vaskiy on October 23, 2022, 01:12:25 PM

In all such occasion the price speculation need to coincide with the real market situation than imaginary. In such stance $100k seems to be realistic and $300k+ looks imaginary.

yes it's all back again based on speculation not something real, $300k is a very high price where the crypto market in 2021 alone couldn't break through the $100k in 2021 and a lot of people hoped for that but they were lagging behind selling when the price hit ATH around $69k in the middle of 2021 suddenly the price dropped so deep, while at that time the crypto market was bullish, so it's always a lesson for the next year so as not to fall behind like yesterday, get the benefits of investing now buy cheap at this time

Just shows how difficult to really predict the price, when we had the pandemic, the price crashed to $3k, and the the halving and the eventual run in 2020. But it's not done yet as we rally to an all time high of $69k and we thought that 6 digits is next. But the bubble has been burst and no more $100k for us. And that's why if we read the replies, majority thinks that $300k is too big as a prediction in the next bull run.

yes, this is where the fault lies where people are given analysis everywhere about $100k in 2021 and people expect it, but when they expect it indirectly the price drops drastically in mid-2021 where people panic and throw it away at that time, the price of bitcoin slumps in a few months then it continued again the price went back up for a second chance at the end of the year hoping for $100k but only touching ATH $69k , that's why it's not really done yet and while nowadays people are making high predictions and high speculation in the next cycle, learn from the previous year throw it away immediately before they throw it away and don't have high expectations with what is not certain

Topic: Bitcoin may drop to $15k or so but it'll definitely hit $300k+ in coming years (Read 660 times)