Bitcoin may drop to $15k or so but it'll definitely hit $300k+ in coming years - page 3.

Russlenat

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Quote from: BitcoinBarrel on October 18, 2022, 09:59:39 AM

These are just my thoughts and opinions. Of course anything can happen.

I'm no financial expert so take my predictions with a grain of salt.

I was pretty spot on predicting this bear market back in May 2021 (btc price $37,258):
https://bitcointalksearch.org/topic/what-goes-up-must-come-down-5338953

We have to respect each other’s opinions and assumptions here as we have individual basis to rely from it, and since the market itself is very open to entertain our own thoughts and sentiments. However, for me, of course $300k will be attainable in the next 5-10 years or even lower than that, but I would not stick to it for now seeing the market is having a hard way to recover. Maybe if bitcoin price will just hit $100k by next year, that’s totally fine for me.

Sanitough

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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.

Bitcoin will always grow its value every year. Despite of its inevitable price fall backs, it will never fail to recover and at the end of the day when most of the altcoins are dying and losing their value, bitcoin will always stand up and survive. And maybe the reason why even if the current market is in crisis, we are still expecting bitcoin to reach another all time high once the bull season is here. $300k is not that bad though, but I would say let’s target $100k first and when we’re already there, then we’ll set another higher target price for bitcoin.

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Quote from: Finestream on October 20, 2022, 03:30:59 PM

Quote from: rhomelmabini on October 16, 2022, 09:19:39 AM

Not bad of a speculation I guess, others already hit the ceiling by that timeframe though. Like, $1M in n years, $500k in n years and so on and so forth. For me, I just want my money works for me, so longer term is really I am eyeing, we will gonna get there when all is right in this world economy.

Well, we all have our own guesses and opinions, and OP has his own too. However, for me, I don’t see it happening closely, but of course it will still bound to happen when everything falls on the right time and place. Maybe for next year, $100k is more realistic to achieve, but if there will be more positive news coming in, then it will reach higher than that.

Yes, $100k might be a good prediction in the next bull run, at least a 6 digit mark and I think that will be great for us. And then the OP's prediction at the high end of it or upper bound, for sure seeing this price every gets excited, but we will see.

And we have seen some unexpected movement in the past as well, so from $19k in 2017 to $68k in 2021, so just do the numbers and see what could have been the next all time high in 2025.

Finestream

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Quote from: rhomelmabini on October 16, 2022, 09:19:39 AM

Not bad of a speculation I guess, others already hit the ceiling by that timeframe though. Like, $1M in n years, $500k in n years and so on and so forth. For me, I just want my money works for me, so longer term is really I am eyeing, we will gonna get there when all is right in this world economy.

Well, we all have our own guesses and opinions, and OP has his own too. However, for me, I don’t see it happening closely, but of course it will still bound to happen when everything falls on the right time and place. Maybe for next year, $100k is more realistic to achieve, but if there will be more positive news coming in, then it will reach higher than that.

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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.

Before the previous bull run I would have thought that maybe that prediction was on the low side, but now it seems to be on the high side if you ask me, during the previous bull run bitcoin roughly grew 250% from the previous ATH, and since its market cap is still growing then it is to be expected the next bull run could be smaller, so if we assume a growth of 200% then this means a maximum price for bitcoin of 210k during the next bull run, which is great but far away from 300k.

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Quote from: execijutiere on October 20, 2022, 08:21:49 AM

Since we are in the Bear market, it is very likely that we will see 15 thousand dollars, maybe even below. I think we will see the 12 thousand-13 thousand dollar band. It seems difficult for a new ath to come this year. It is difficult to expect a new ath from the announced data and a market that acts accordingly. We may see a new ath in 2023 or 2024. The first target will be 100 thousand dollars.

If that happens, it looks like there will be a lot of chaos in the market, especially for people who can't hold their bitcoins properly because they are triggered by panic seeing the price continue to decline. It's very difficult to see new ATH this year, especially if the price of bitcoin drops again and only panic will ensue.

But we still have many opportunities to see new ATH in 2023 or 2024 before the halving occurs so that the price can rise even higher after the halving. And maybe next year, the price will start to get a pump to grow, and in 2024 it will just pass the last ATH.

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Quote from: Vaculin on October 18, 2022, 04:13:11 PM

Quote from: Maidak on October 16, 2022, 12:48:02 AM

Is $300k too high a target for the next bull season? The reality is that everyone is just trying to talk about the $100k goal before we hit the higher one, the fact that bitcoin is going to rise again is certain, but when exactly it will happen we do not know. With inflation still at its current high, I think bitcoin will fall further and $15k is possible but it will happen next year when the Fed raises interest rates to the highest they have planned.

Even $100k might still be hard to achieve by next year as we should target first $60k-$70k bitcoin price, hopefully bitcoin halving will make it possible. However, bitcoin to reach $300k, maybe let’s wait for 5-10 years before it will eventually happen. For now, let’s just hope that the bear market will turn into bullish so that bitcoin and altcoins will have chances to move forward and break another ATH.

we should not aim too high because if we don't achieve it, we will be disappointed. what is more important is that we need to overcome the old ATH before we want to think of a higher ATH and hopes of a bull run next year are highly unlikely, it makes more sense to place this hope in a halving. equally important is that we should take advantage of this moment to earn as much bitcoin as we can, the current price in my opinion is already very cheap and a good price to start entry

execijutiere

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Since we are in the Bear market, it is very likely that we will see 15 thousand dollars, maybe even below. I think we will see the 12 thousand-13 thousand dollar band. It seems difficult for a new ath to come this year. It is difficult to expect a new ath from the announced data and a market that acts accordingly. We may see a new ath in 2023 or 2024. The first target will be 100 thousand dollars.

Fundamentals Of

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Quote from: jakelyson on October 19, 2022, 01:11:54 AM

Quote from: Fundamentals Of on October 18, 2022, 08:28:34 PM

Quote from: OgNasty on October 18, 2022, 01:50:06 PM

I agree with you somewhat on the title to this thread, but I would probably say that it could hit $12K, but will definitely hit $135K by the end of 2025. So I guess I’m a little more bearish than you, but a X7 in just over 2 years still seems pretty bullish to me. If you turn out to be right and I’m wrong though, I wouldn’t complain. I do think the ultimate test of will is still ahead though. I don’t feel like the market sentiment is low enough for us to have seen the bottom yet.

I hope you're wrong about Bitcoin hitting $12,000, but as I am convinced that Bitcoin hitting $300,000 is just a matter of time, I am also sure that it will hit $135,000. Whether it will be in the end of 2025 or not, it doesn't matter when you're buying it even at $20,000.

So this is still a call to those who are waiting for Bitcoin to fall all the way to $17,000, $15,000, or $12,000 so that they could buy. You might end up waiting in vain. The most important point now is not how much you bought at this bearish times, it is that you took advantage of it and bought.

It's okay though if it drops to 12k because we are so sure that it will reach 135k in the future. It just gives us more chance to accumulate more bitcoin before it takes off again.

If it is only me, I wouldn't mind if Bitcoin drops even below $10,000. That's perfectly all right with me for as long as $135,000 is a sure thing in the near future. Indeed that would be a good day to accumulate even more. But I am only thinking of the consequences of Bitcoin hitting $12,000. That might ensue panic. That might discourage more than encourage. That might actually bring worse days ahead and Bitcoin might take more years to reach $135,000.

Greyhats

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I like to look at try to guess the next low after the next high. Helps me understand my avg btc price and rate of return over years.

So let’s say conservatively next ATH is 2x old ATH that puts us at about 138k. Then assume next ATL is 80% decline, the next ATL will be around 27k. Within current market your 20k btc buy in will have 30% return as you continue to hold.

Ok not so conservative next ATH is 300k, then next ATL is 60k and your sitting on strong hold return, 200% on a 20k btc price.

Comfortable to dca and hold. Starting to do a bit more lump sum buying at 18-20k range currently

btc_angela

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Quote from: LFC_Bitcoin on October 19, 2022, 06:48:08 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.

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

I think by the end of 2025, 300k is definitely possible. It usually takes a while after the halving for the supply shock & subsequent price rise to kick in.

We’ll get there, don’t worry. 300k is on the cards by the end of 2025 for sure.

Now is a great time to buy. Nobody will care in 2-3 years if they bought at 10k of 40k. Keep buying & HODL.

I like this one, and this is so true, nobody will know how much your starting price to buy bitcoin when it hits $300k in the future. What's important is that you have save a lot in this bear market knowing that the price could eventually hit big in 2024-2025.

So if it drops to $15k, then buy, same as it if drops to $10k.

Although I didn't have that much, I still continue to save whenever possible doing any strategy like DCA.

LFC_Bitcoin

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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 think by the end of 2025, 300k is definitely possible. It usually takes a while after the halving for the supply shock & subsequent price rise to kick in.

We’ll get there, don’t worry. 300k is on the cards by the end of 2025 for sure.

Now is a great time to buy. Nobody will care in 2-3 years if they bought at 10k of 40k. Keep buying & HODL.

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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.

According to historical data price of the Bitcoin market during the bearish market. Yes, we may see a $15K price but if it doesn't happen between November to January 2023 I don't see it happening anymore.
Meanwhile, you never explain in detail what you mean by "hell breaks lose", and from my understanding, these are normal trends that always happen when it is a total market correction season.
What do you think in particular will make the $15K happen?

TravelMug

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Quote from: Oasisman on October 19, 2022, 02:29:20 AM

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

definitely hit $300k+ in coming years

No argue about that, but the question that lingers when we're talking about optimistic speculations such as this, is "when?".
I don't even think 2024 is even realistic prediction for such figure, that's purely base on my understanding on the current market that we're in, not only with crypto, but with the struggling economic state globally. If majority of the people in the world thought Bitcoin could make their assets safe from hyperinflation, then I guess for sure we'll see a significant increase in Bitcoin price that would lead us to see a 6 figures for the first time.

I guess even at $150k, half of what the OP has predicted, everyone will be happy to see that price. There is no right or wrong understanding of the market conditions, we all have our own prediction and how we will see the market growth in the next bull run. So maybe the OP is on target if the price goes down to $15k or even lower in the bear market. And then we will have to see how it will grow ten folds based on the all time lows. And if history repeats itself then 6 figures is possible.

Oasisman

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

definitely hit $300k+ in coming years

No argue about that, but the question that lingers when we're talking about optimistic speculations such as this, is "when?".
I don't even think 2024 is even realistic prediction for such figure, that's purely base on my understanding on the current market that we're in, not only with crypto, but with the struggling economic state globally. If majority of the people in the world thought Bitcoin could make their assets safe from hyperinflation, then I guess for sure we'll see a significant increase in Bitcoin price that would lead us to see a 6 figures for the first time.

jakelyson

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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.

If the ATH keeps doubling after every halving, then we only have like 2 or 3 halving before we reach that price. But we may need at least 5 more halving before we see that price stabilize. This is all just speculation because we do not really know what will happen in the future. The reverse can also happen.

Quote from: Fundamentals Of on October 18, 2022, 08:28:34 PM

Quote from: OgNasty on October 18, 2022, 01:50:06 PM

I agree with you somewhat on the title to this thread, but I would probably say that it could hit $12K, but will definitely hit $135K by the end of 2025. So I guess I’m a little more bearish than you, but a X7 in just over 2 years still seems pretty bullish to me. If you turn out to be right and I’m wrong though, I wouldn’t complain. I do think the ultimate test of will is still ahead though. I don’t feel like the market sentiment is low enough for us to have seen the bottom yet.

I hope you're wrong about Bitcoin hitting $12,000, but as I am convinced that Bitcoin hitting $300,000 is just a matter of time, I am also sure that it will hit $135,000. Whether it will be in the end of 2025 or not, it doesn't matter when you're buying it even at $20,000.

So this is still a call to those who are waiting for Bitcoin to fall all the way to $17,000, $15,000, or $12,000 so that they could buy. You might end up waiting in vain. The most important point now is not how much you bought at this bearish times, it is that you took advantage of it and bought.

It's okay though if it drops to 12k because we are so sure that it will reach 135k in the future. It just gives us more chance to accumulate more bitcoin before it takes off again.

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Quote from: BitcoinBarrel on October 18, 2022, 09:59:39 AM

These are just my thoughts and opinions. Of course anything can happen.

I'm no financial expert so take my predictions with a grain of salt.

I was pretty spot on predicting this bear market back in May 2021 (btc price $37,258):
https://bitcointalksearch.org/topic/what-goes-up-must-come-down-5338953

while you posted that in Bull run , but yeah you got it correctly that imagine while the market is pushing up you made this kind of prediction , mostly disagreed on you because of the momentum but right now? it is clearly said lol.

and you don't need to be financial expert to predict , sometimes it is just Guts and small knowledge but dedication that makes us correct in time.

maybe I will take chances still to buy these bear .

Fundamentals Of

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Quote from: OgNasty on October 18, 2022, 01:50:06 PM

I agree with you somewhat on the title to this thread, but I would probably say that it could hit $12K, but will definitely hit $135K by the end of 2025. So I guess I’m a little more bearish than you, but a X7 in just over 2 years still seems pretty bullish to me. If you turn out to be right and I’m wrong though, I wouldn’t complain. I do think the ultimate test of will is still ahead though. I don’t feel like the market sentiment is low enough for us to have seen the bottom yet.

I hope you're wrong about Bitcoin hitting $12,000, but as I am convinced that Bitcoin hitting $300,000 is just a matter of time, I am also sure that it will hit $135,000. Whether it will be in the end of 2025 or not, it doesn't matter when you're buying it even at $20,000.

So this is still a call to those who are waiting for Bitcoin to fall all the way to $17,000, $15,000, or $12,000 so that they could buy. You might end up waiting in vain. The most important point now is not how much you bought at this bearish times, it is that you took advantage of it and bought.

Oceat

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It may reach $300k in the future but we don't know when and that's the question. I don't have a problem if it reached $15k or whatever prices it is since no matter what the price during correction I will definitely buy and most of you would buy too after taking a profit during the bull run. But expecting such price in a year or so would tear you from exhaustion while waiting when will that price will come. It's better to just do what you can do no matter what the price of the market and just take the initiative and advantage on how to make profit.

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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 will say that it's a personal thinking, and if say it's an exaggeration I don't think I'm mistaken from what we said so far, bitcoin is something we don't know how it makes and improve in the next two years or Three years, so therefore your analysis you conduct and my analysis can be same, so it's obvious that before Bitcoin can reach three thousand (3000)in next year that the statement is fallacy, Bitcoin have not experience hundred thousand (100), so it will be under probability.

Topic: Bitcoin may drop to $15k or so but it'll definitely hit $300k+ in coming years - page 3. (Read 660 times)