Bitcoin not yet at $100k, why? - page 2.

Shasha80

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Quote from: Roidz on May 07, 2021, 02:59:32 PM

Quote from: Shasha80 on May 06, 2021, 02:30:46 PM

Quote from: inanilujimi on May 04, 2021, 04:51:47 PM

to reach $ 50k alone is already an amazing achievement at this point that bitcoin has made, hitting the $ 100k target is not a must to achieve this year because if you are not strong in the resistance it could cause a very severe dump, just let the process go. automatically because $ 100 would not be impossible if bitcoin had hit $ 50k at least only about 100% from now.

Indeed, we should be grateful Bitcoin has managed to reach $ 50k this year, even Bitcoin managed to reach ATH at $ 64k is already extraordinary.
So there's no rush expecting Bitcoin to hit $ 100k, although it turns out that this year Bitcoin failed to hit the $ 100k price tag that's not a bad thing
for Bitcoin. We need to be patient to wait for Bitcoin to reach $ 100k, still HODL the Bitcoin we have, even if we have extra money we can buy more
Bitcoin. Because collecting Bitcoin is something we have to do from now on.

I really agree with the thoughts you have, because it is better now that we focus more on collecting as much bitcoin as possible rather than questioning when the price of bitcoin will be higher, because without having to ask any questions, of course, the price of bitcoin will continue to move in accordance with the existing market sentiment Grin

but the problem is when the price of bitcoin gets higher, how many bitcoins do you have? Huh

i'm glad to hear that you have understood the point I mean, but unfortunately some people are too focused on achieving the Bitcoin price.
So many people forget that the most important thing is to collect as much Bitcoin as possible. Instead of fussing over the price of Bitcoin
reaching the price of $ 100k or not, because it is useless if Bitcoin manages to hit the price of $ 100k, but the Bitcoin we have is very little.

sana54210

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Quote from: Taskford on May 09, 2021, 05:47:29 AM

Bitcoin gradually rising and there's no instant huge rise even before since before that happen we need trillions of dollars demand to see that quick price jump happenings, but we can expect gradual growth since this is normal movement of the market but also its not good to look always about pump since in reality there's no way this things happen, we will go series of dumps before achieving the target goal so scalp it to earn more before bitcoin goes to $100,000. Don't know if this one can be achieve this year but lets think positive that it will happen.

People do not realize how big bitcoin is and how hard it is to move it in reality. Since we have seen it move so much so quickly people think that it is easy to do that, sure as a whole market we move to one side or the other because it is a volatile and unregulated market but the reality is that when you are over a trillion dollars all just for bitcoin, that means it is really not easy to move that, even the whole gold market is 10 trillion dollars, so we are nearly 10% of gold just on bitcoin, have you seen gold prices move that volatile? No, why would you think that it is easy to do that on bitcoin?

Just because the price moved too much too quickly doesn't mean that it should happen again and again, it may get stuck at certain levels because daily regular movements are not strong enough to change that, which means we should not be focusing on the daily changes, but look at long term.

Taskford

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Quote from: Saisher on May 09, 2021, 04:46:02 AM

Quote from: Rruchi man on May 01, 2021, 06:10:41 PM

At this start of this year, there was a lot of hype about how high the price of bitcoin will get, some speculated that btc will set a new ATH of $100k before the first half of the year is over, others before the first quarter of the year.
This However has not been the case. We just passed the first quarter of the year and btc has not even gotten to $70k yet. Do you still think $100k is still possible before the first half of the year?

Compared the last two years market is much better, we are in a hurry to expect something huge in the market, if Bitcoin will reach the $100k level it will not happen instantly but gradual, I'd like to believe that it will eventually reach the $100k and I am satisfy on it's movement, slowly but sure, we will not even notice that it is finally in the $100k level.

Bitcoin can reach gradually and cannot be achieved instantly. So we do need patience as Bitcoin holders,
we must remember Bitcoin is the best performing asset this year. So don't ever doubt Bitcoin. I'm still optimistic Bitcoin can hit the price of
$ 100k this year.

Bitcoin gradually rising and there's no instant huge rise even before since before that happen we need trillions of dollars demand to see that quick price jump happenings, but we can expect gradual growth since this is normal movement of the market but also its not good to look always about pump since in reality there's no way this things happen, we will go series of dumps before achieving the target goal so scalp it to earn more before bitcoin goes to $100,000. Don't know if this one can be achieve this year but lets think positive that it will happen.

virasog

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Quote from: ?? on ??

Quote from: Saisher on May 09, 2021, 04:46:02 AM

Quote from: Rruchi man on May 01, 2021, 06:10:41 PM

At this start of this year, there was a lot of hype about how high the price of bitcoin will get, some speculated that btc will set a new ATH of $100k before the first half of the year is over, others before the first quarter of the year.
This However has not been the case. We just passed the first quarter of the year and btc has not even gotten to $70k yet. Do you still think $100k is still possible before the first half of the year?

Compared the last two years market is much better, we are in a hurry to expect something huge in the market, if Bitcoin will reach the $100k level it will not happen instantly but gradual, I'd like to believe that it will eventually reach the $100k and I am satisfy on it's movement, slowly but sure, we will not even notice that it is finally in the $100k level.

If you look at the current movement of Bitcoin, slowly rising and trying to get past the resistance price of $ 60k, that shows a positive trend.
And I agree that the price of $ 100k, Bitcoin can reach gradually and cannot be achieved instantly. So we do need patience as Bitcoin holders,
we must remember Bitcoin is the best performing asset this year. So don't ever doubt Bitcoin. I'm still optimistic Bitcoin can hit the price of
$ 100k this year.

100K is not the destination for this year bull cycle. I am hopeful that we may go beyond 250K but for sure the first target should be 100,000$.
Everyone is waiting when bitcoin reaches this target and then there will be another type of fomo and everyone person and their grandpa will be rushing to buy the bitcoin. Wink

Saisher

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Quote from: Rruchi man on May 01, 2021, 06:10:41 PM

At this start of this year, there was a lot of hype about how high the price of bitcoin will get, some speculated that btc will set a new ATH of $100k before the first half of the year is over, others before the first quarter of the year.
This However has not been the case. We just passed the first quarter of the year and btc has not even gotten to $70k yet. Do you still think $100k is still possible before the first half of the year?

Compared the last two years market is much better, we are in a hurry to expect something huge in the market, if Bitcoin will reach the $100k level it will not happen instantly but gradual, I'd like to believe that it will eventually reach the $100k and I am satisfy on it's movement, slowly but sure, we will not even notice that it is finally in the $100k level.

MFahad

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Quote from: acener on May 07, 2021, 02:00:45 PM

Just relax we are already at a good price why do people have to be so greedy?
Couldn't we just be contented with the current price and be happy if it continues to grow?
We still have a lot of time for it if it didn't reach $100K this year there would always be another time or another year.
It is just a speculation and most of us who predicted it just did it because of the strong up trend of the price back then.

Bitcoin can't reach 100,000$ at once. It will need time and probably a lot of correction before reaching this milestone. I think we may see bitcoin above 100,000$ by the end of the year. Bitcoin is facing a key resistance above 60K and it fails to stay above 60K level for longer period of time.

pilosopotasyo

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Quote from: Rruchi man on May 01, 2021, 06:10:41 PM

At this start of this year, there was a lot of hype about how high the price of bitcoin will get, some speculated that btc will set a new ATH of $100k before the first half of the year is over, others before the first quarter of the year.
This However has not been the case. We just passed the first quarter of the year and btc has not even gotten to $70k yet. Do you still think $100k is still possible before the first half of the year?

Speculation is speculation don't accept it or mistake it as a fact, the meaning of speculation is

Quote

the forming of a theory or conjecture without firm evidence.

so there is no firm evidence that something is going to happen when we use the word speculation, we are in a very speculative market, where things can't happen when we want it to happen, $100k is still possible given that we are still 7 months to go before the end of the year.

fullhdpixel

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Quote from: boltz on May 08, 2021, 01:55:40 PM

Why ? Simply because no one really expected to see Bitcoin at 60k this year and you're asking why is not Btc at 100k$ ? Hmm this tells me that you have no info regarding Bitcoin or it's trend or how and when it suppose to go up a lot because last 2 previous bull run of BItcoin has hit the highest price in December so have a little patience and let's see what happens in December.

Personally I see Bitcoin above 100k but no one really can predict this ...

Yeah, last 2 bull runs ended by December month hence we are also predicting the same for the current bull run as well. I am not seeing any change into that like most probably the current bull run will persist till December of this year. But, I am expecting $100k to happen by this May month or at least in June 2nd week itself. Yeah, there are lots of chances to get BTC prices double in next 4 to 6 weeks.

We are at the beginning of FOMO phase which may get intensified at time soon. This must be the only thing that I am considering right now which will be more than enough to take bitcoin toward $110k to $120k in coming weeks.

boltz

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Why ? Simply because no one really expected to see Bitcoin at 60k this year and you're asking why is not Btc at 100k$ ? Hmm this tells me that you have no info regarding Bitcoin or it's trend or how and when it suppose to go up a lot because last 2 previous bull run of BItcoin has hit the highest price in December so have a little patience and let's see what happens in December.

Personally I see Bitcoin above 100k but no one really can predict this ...

bengsabeng

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The price of bitcoin is now starting to stabilize, maybe bitcoin has run out of energy to keep going up. the opportunity to reach 100k is still open, but I think it's useless for you to hope because it won't happen any time soon.

zanezane

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Because bitcoin doesn't want to, only a few people know about this but bitcoin is a sentient being that is tied to the market and bitcoin knows when it wants to pump or dump Cool

. Goofs and gaffs aside, we just have to wait for it to go up to be honest.

Hypnosis00

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You just make yourself stressed if you are thinking that every prediction will have to happen.
If that we ask why it still not reached $100k, only Bitcoin could answer that. Because if that only happens that we are in control of the market price, it surely the price of Bitcoin is already there. But we are not, and nobody does.

I don't think it is bothering for us to see that the price of Bitcoin still below $70k even the demand is already high and many companies are adopting now. And this simply means that everything on crypto is not purely manipulated and the moment isn't yet to arrived. So we just be patient.

onecall123

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Quote from: nightwishx on May 07, 2021, 03:41:45 PM

Quote from: acener on May 07, 2021, 02:00:45 PM

Just relax we are already at a good price why do people have to be so greedy?
Couldn't we just be contented with the current price and be happy if it continues to grow?
We still have a lot of time for it if it didn't reach $100K this year there would always be another time or another year.
It is just a speculation and most of us who predicted it just did it because of the strong up trend of the price back then.

Yep, I was wondering, why does speculation always have to be at $100k, lol. btw, I think we will be able to see exactly where the price of bitcoin will develop in Q3 this year. But I always believe that the relevant figure for the current bitcoin price is in the $80k- $85k price range

I would say so. But we have to wait for a while. For sure, I’ve been waiting for that for a long time! Bitcoin finally showed some movement today $58k, yet it's struggling to break this level. Bitcoin is trading between $56k~$58k, we are still Q2 so I’m not stop buying! Market is good right now, and $80k is coming!

Lorence.xD

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Quote from: bitzizzix on May 07, 2021, 05:04:58 PM

Only time will tell, and letting bitcoin move as it is is a good choice, we should be thankful that bitcoin has increased very significantly in just a few months and now bitcoin price is holding up to 50K which I think is still a good price.
Bitcoin price is estimated to only potentially reach $ 100 thousand this year, and this year isn't over yet, so better be patient and hold on to your bitcoins or take advantage of the moment when there is a drop in bitcoin price to buy it.

Right, we have been praying for this prices back when it was still around 5k USD and now we are here, just enjoy the time that we are at this point in the market because we may never see it again because the price won't ever go down that point anymore and we will be nostalgic of this times. Like what the quote above says, let's just wait it out and it will arrive there whenever we least expect it.

fadhilz123

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Quote from: Rruchi man on May 01, 2021, 06:10:41 PM

At this start of this year, there was a lot of hype about how high the price of bitcoin will get, some speculated that btc will set a new ATH of $100k before the first half of the year is over, others before the first quarter of the year.
This However has not been the case. We just passed the first quarter of the year and btc has not even gotten to $70k yet. Do you still think $100k is still possible before the first half of the year?

If you still ask why Bitcoin not yet at $100K, so you must learn about the relation between the price and the market cap, so you will know the answers, $100K is not reached just about the hype. Educate yourself about crypto so you don't ask something like this again

By the way see the positive side, you still not too late to buy it

Hippocrypto

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Quote from: Rruchi man on May 01, 2021, 06:10:41 PM

At this start of this year, there was a lot of hype about how high the price of bitcoin will get, some speculated that btc will set a new ATH of $100k before the first half of the year is over, others before the first quarter of the year.
This However has not been the case. We just passed the first quarter of the year and btc has not even gotten to $70k yet. Do you still think $100k is still possible before the first half of the year?

There's no assurance that the price would come to target, because volatility still exists. Hype only goes with the trend, so we need to take precautions everytime market drops consistently. Though we passed through challenges, that doesn't mean we're going to be too confident even though positive news tries to motivate us. Speculations helped us but we needed to be careful in times of crucial situations of market movement.

bitzizzix

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Only time will tell, and letting bitcoin move as it is is a good choice, we should be thankful that bitcoin has increased very significantly in just a few months and now bitcoin price is holding up to 50K which I think is still a good price.
Bitcoin price is estimated to only potentially reach $ 100 thousand this year, and this year isn't over yet, so better be patient and hold on to your bitcoins or take advantage of the moment when there is a drop in bitcoin price to buy it.

Twinkledoe

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Quote from: kawetsriyanto on May 07, 2021, 04:42:33 PM

Quote from: nightwishx on May 07, 2021, 03:41:45 PM

Yep, I was wondering, why does speculation always have to be at $100k, lol.

It is a prediction, nothing wrong with a prediction. As it is a prediction, which means can be true or wrong, can be reached or failed. It is not a must to follow it, if you have your own prediction, you can trust yours. What we must take from that prediction is about the potential increase to go $100K. It is a message of a massive pump on Bitcoin price in this season. Wink

Also, why not appreciate that bitcoin is over 55k again? A lot where being negative when btc went down below 50k assuming that btc was on the brink of going down more. But fortunately, it bounces and now we are again at 57 level. It goes to show that the support this time is different as compared from the previous years. Large institutions are into crypto and more companies are adding crypto in their payment system. So even if we are not yet in the 100k level, just be happy that the 55k+ level is being sustained, which has not been seen in btc's history.

STT

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Price is still hesitating, still in consolidation and Im not sure we have established the bottom price on daily and weekly perspectives. We are still revolving around the 50 day average which if price action was strong would not mean for us to wait for so long.

Its above all the moving averages it failed prior but I'll ignore that and say 57340 is the level to keep its head above water and stay positive going forward medium term. This is roughly the level first seen as the peak of Feb and its been significant since then also, I believe its a more important marker now of progress to judge price strength on. Thats my perspective for the weekend into Monday open which is arguably the most important day to trade and decide direction on. BTC is distracted by these foreground questions and cannot progress till answered.

kawetsriyanto

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Quote from: nightwishx on May 07, 2021, 03:41:45 PM

Yep, I was wondering, why does speculation always have to be at $100k, lol.

It is a prediction, nothing wrong with a prediction. As it is a prediction, which means can be true or wrong, can be reached or failed. It is not a must to follow it, if you have your own prediction, you can trust yours. What we must take from that prediction is about the potential increase to go $100K. It is a message of a massive pump on Bitcoin price in this season. Wink

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