Bitcoin not yet at $100k, why? - page 5.

goldade

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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?

Although it is quite impossible for anyone to suggest bitcoin will hit $100k before the middle of the year, let's even assume for the sake of the argument that someone did say that.
So what bitcoin hasn't hit $100k yet? Don't you think we should rather focus on how much growth bitcoin has attained this year in terms of its price? Don't you think we should celebrate how much adoption bitcoin has attained in the mainstream world? Don't you think we should be glad several top companies are now adopting crypto either as a means of payment or just adding it to their portfolio?
Trust me, I believe bitcoin has come a long way and whether or not it hits $100k shouldn't be your concern.

famososMuertos

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This year so many things have been reached not only at the price level if not other intangible parameters have been reached, external to the statistics that had not been seen before and come with the big question and the $ 100k?

This year's ATH of Bitcoin surpassing the $ 20k has been the most important of all, the psychological aspect so was as important as its price, now this ATHS bump-up seems to have short memory in reference to the + $ 20k, so Create tendencies at $ 100k in why it has not happened is sincerely pure "bla,bla" speculation.

xSkylarx

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We don't need to rush for that. If that happens quickly then we should also be prepared for a big drop. Many speculated that it will be $50k by 2018 when it reached its ATH of $20k in 2017 but what happened in 2018 only disappointed many people including me and some people I know quit crypto because of that. From that experience I stopped listening to these speculations on the internet, if it happens then it's good for everyone if it doesn't then you should hodl and lessen the time of checking your portfolio.

liao chandra

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I believe bitcoin price will reach $ 100k, but we have to wait patiently for it. As we know last year bitcoin price was under $ 6k but now it is $ 60k, bitcon price has gone up 1000% （Amazing）. There is so much positive sentiment and news about bitcoin, it won't be long before bitcoin price will hit $ 100k

yazher

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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?

Since we have reached the $60,000 mark and it fell after that, the price will likely play along the 50-60k mark this year. $100k is just too much for now it needs to keep holding on to the top first until it reaches that much. Just like the last time when it close to reaching $20,000 and after that, the price was surging and it creates a big hype which leads to a new ATH this year. I think we might get that price but not this year. maybe next year I guess.

ice18

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Price still depends on large bitcoin holders they are whales or long time btc miners if they unload large amount of holdings for sure price will dump and if they just hold it in few months from now price will pump because of lack of supply in the market just be patient OP this bull market in my opinion is still on track $100k is imminent.

malikg18

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Bitcoin market can not go up like A Rocket.It works like a Stairs.currently Bitcoin trying to stable.According to Previous History and some experts Bitcoin can hit 100k at the end of this year. 100k depends upon Total market cap which is gradually increasing.

ecnalubma

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Don’t need to rush It will get there probably. Bitcoin has a very strong demand these days so I believe it will break that price very soon. Predictions are baseless but if we try observe that in just few Bitcoin made its price this far nothing is impossible.

uray

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Quote from: Jaycee99 on May 02, 2021, 06:30:45 PM

Also, others said that do not believe in this prediction cause its only prediction is only out choice and it is a gamble that some invest in bitcoin.

Anyone can come up with a valuation and call it prediction, you need to have some substance if you are predicting like a chart on why you think that the market would reach those valuation and mostly no one will be able to do that because the cryptocurrency market does not work like that and you never know when someone is booking their profit nor someone is investing heavily. So no matter what you do it is impossible to predict the market exactly.

Yatsan

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The outcome is not always what we wanted it to be. There are lots of factors that are needed to be considered to make it possible and we must be contented for a while that Bitcoin is still into good phase as of the moment which is good for all of us. Reaching $100,000 is not really a goal this year for we are looking up on how Bitcoin can last into the top compared to the past years of it existence. If it is really meant to be, Bitcoin will be reaching $100k sooner or later. Just be patient and do not get frustrated. Trust the process.

Jaycee99

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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?

I would like to share my point of view on this why is it not $100k some countries saw bitcoin or cryptocurrency as a treat and from what I know there is only one its Algeria to my surprise it 6 countries that banned bitcoin.

Also, I would like to share that bitcoin and its price is unpredictable same as other altcoins their value and unpredictable. Yes, there is a new spreading that Bitcoin will hit its peak to skyrocket. Like others said or in news, you read bitcoin value or its price may be predicted but it is only a prediction that people could believe in. For my thought, just made-up news that fought me of guard that maybe this new or prediction was made to investors and traders will be interested and for some be involve on bitcoin.

Also, others said that do not believe in this prediction cause its only prediction is only out choice and it is a gamble that some invest in bitcoin.

datguyian

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Quote from: pixie85 on May 02, 2021, 04:32:42 PM

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

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 is exactly the reason why. Because some people speculated and thought that it might pull it off.
They were wrong. People are often wrong, you know Wink

Quote

This However has not been the case.

Some speculated about first half of the year. We aren't there yet so these people aren't wrong. We'll see.

What if it doesn't reach 100 this year? Does it mean a failure of bitcoin?
It isn't supposed to reach anything in any time frame! It's great if it does but it's fine if it doesn't.

I know there were many gurus in 2017 who said BTC would go to 60k during that wave back then. It crashed down from 20k to 3k and got to 60k 3 years later. If it hits 100k I don't know, but don't underestimate the downward pressure that could come up out of a sudden.

Also think about this. What if the exchanges sold most of their BTC and are now trying to get them back cheaper. A lot could happen in the market and I believe we will see some turmoil soon.

Tomiwa_akin

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every prediction is a speculation which has an equal chance of either happening or not. majority still believe bitcoin still has more chance to go higher even if it dosent get to the 100k region, its going to get close to it but only if you can be patient enough.

pixie85

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

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 is exactly the reason why. Because some people speculated and thought that it might pull it off.
They were wrong. People are often wrong, you know Wink

Quote

This However has not been the case.

Some speculated about first half of the year. We aren't there yet so these people aren't wrong. We'll see.

What if it doesn't reach 100 this year? Does it mean a failure of bitcoin?
It isn't supposed to reach anything in any time frame! It's great if it does but it's fine if it doesn't.

Oasisman

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Quote from: bounceback on May 02, 2021, 03:33:52 PM

I'm not really sure that this year the price of bitcoin will hit $ 100k because this year bitcoin has just hit a new ATH, so I think it will take a few more years for bitcoin to hit the $ 100k mark, although at the moment many technical analysts predict it will happening soon this year.

Nobody's sure about Bitcoin's price though.
And Bitcoin has made several ATH this year since it broke the 2017 record. So, what's the relevance of Bitcoin not reaching $100,000 just because it made a new ATH?

Few more years might be too long for that to happen. I still believe this year would be the year for the 6 digit target of Btc's price, but the 1st quarter, 2nd, or 3rd might be too early. If it wouldn't reach $100k this year, I'm quite optimistic that Btc will sit close to that figure.
If you look at Bitcoin, It's been very bullish since 2020 and you can easily tell by the price action that Btc ain't done yet. It went down to $47,000 but bounce back up to $58,000 after a few days.

Raflesia

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It could possibly happen because this is still speculation so there is no definite conclusion in this regard even though we have passed the first quarter and are running into the second quarter.
This long journey will all be passed after bitcoin will continue to reach new ATH and remember in the bitcoin market fluctuations are still valid so whenever it can change in an instant, there is still a lot of negative news that has been prepared, now this can also encourage them become panic, therefore we must be prepared for the challenge because we see that even some indicators will not have full effect.

So in this year 100k happens or not we'll see after time has passed.

Ryker1

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Quote from: Dilerium90 on May 02, 2021, 02:19:59 PM

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?

Everything has its time. I think that bitcoin will hit $ 100,000 sooner or later, but its capitalization does not allow it to be done quickly. Bitcoin has already made x15 from the beginning of the growth. This is a very great achievement for him.

Well perhaps just because bitcoin investments are not hype, this has true investors, big companies, institutions, and individuals that can willing to spend millions of dollars for their investment. Perhpas not now but who knows there is another ATH that made us surprised, last year I never expect that bitcoin price will break the latest ATH of more than $60 price in the market and it is almost x3 to the previous AT. That is right if we back the previous price we really see the real achievement was there.

bL4nkcode

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100k is too soon for 2nd and 3rd quarter, we might see it on last quarter if huge companies like amazon, google and apple will follow the path of tesla, buying/investing bitcoin. Look what tesla did, they just gain profit 4th of their total profit in just 2 months lol, I say its very good move though the price crumble to 49k~ish but its recovered now and with resistance in 55k.

Wait 1 more year for 100k/btc, it will be reached soon

bounceback

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I'm not really sure that this year the price of bitcoin will hit $ 100k because this year bitcoin has just hit a new ATH, so I think it will take a few more years for bitcoin to hit the $ 100k mark, although at the moment many technical analysts predict it will happening soon this year.

Dilerium90

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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?

Everything has its time. I think that bitcoin will hit $ 100,000 sooner or later, but its capitalization does not allow it to be done quickly. Bitcoin has already made x15 from the beginning of the growth. This is a very great achievement for him.

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