Topic: Bitcoin on its way to $100000?! - page 3. (Read 1224 times)

Something is wrong with either your date of entry into BTC or the BTC price that you entered into bitcoin.

Accordingly, bitcoin was not $400 in 2017 and the lowest it got in 2017 was about in the mid-$800s, but only for a short period in March-ish.

As any of us can look at the charts, bitcoin spent a damned high portion of its 2015 in the mid-$200s, and then at the end of 2015 broke up to $500 in November and then corrected and got stuck largely in the lower $400s for the end of 2015 and for the first 5 months of 2016.. and at the end of May 2015 when BTC prices broke above $500 and then went into the $700s before correcting again, never really saw $400s again -even after May 2015... except for a very brief crash after news of the Bitfinex hack in August 2016.. and that Bitfinex crash ended up in the lower $500s as the wick down rather than getting into the $400s.

Can't really disagree with your having a kind of personal price target, but I would question anyone who believes that they are going to shave off large portions of their BTC - whether we are referring to doing that at $100k or some other price point and then either consume with such value or presume that there might be some better place to put their value outside of BTC.  In that regard, it seems better to consider incremental steps to shave off some value from your BTC holdings whether you plan to consume with it, invest in other assets or reinvest in BTC upon potential price drops (that may not end up happening) or some combination of those tactics.

Your seeming assertion that $100k would serve as some kind of magnanimous price for BTC seems to be quite short-sighted...

Sure in the short-term, BTC may well have some troubles getting to $100k, getting above $100k and/or even staying above $100k in the short term - such as 1-4 years, but it seems quite likely that in the whole scheme of things, $100k is not really that high of a price for bitcoin considering what bitcoin offers in the context of other possible options - including the fact that bitcoin is likely facilitating the largest wealth transfer that man has ever seen, but the fact that we seem to still be in the early stages of such great wealth transfer it is easy to get confused about what is going on, how we got here and what is likely to happen in the coming years.. whether we are considering shorter timelines of less than 4 years or longer timelines such as 4-10 years, 10 to 30 years or longer timelines. 

Our investment thesis can attempt to account for each of these kinds of variations in timelines, and of course, the more urgent considerations should be concerning both what we are doing in the shorter timelines and also what we consider BTC's likely path (maybe as compared with other assets and also concerning our own financial and psychological circumstances) in the coming 4-10 years.

I know that people like to get all caught up with BTC tops, and surely, I am not going to fight those inclinations, because they can serve as decent and meaningful opportunities to shave off some value.. but it does seem to be problematic for BTC HODLers to shave off a large portion of their BTC holdings when BTC still serves as a great place to hold/store value in spite of its likely inevitable ongoing volatility.. while at the same time there are likely ways to attempt to insure ones portfolio and also to consider BTC bottoms and bottom potentials in terms of ongoing financial and psychological preparations and practices.

Even if the more bullish of scenarios do not end up playing out for BTC, based on current circumstances, it still seems prudent to engage in some level of preparedness for such more bullish scenarios, but it is up to each of us if we believe that 1-25% allocation into bitcoin is a good place to start, and of course, if we have been in bitcoin for a while (let's say 4 years or more) then our already appreciated BTC holdings would likely affect how we consider the whole allocation matter  - and the fact that bitcoin continues to be one of the best asymmetrical bet opportunities for anyone, whether they recognize and appreciate such great asymmetric bet opportunities or not.. including that these days (relatively speaking) it is not even that difficult to figure out some ways to get exposure to BTC's price.. even though the various ways of deciding self-custody versus holding coins with a third-party can have some difficulties in terms of learning best practices that would likely involve some level of self-custody and putting those better practices to play.. and that part can be complicated for a lot of normies and newbies into bitcoin.. so in that regard, there continues to be expressions of ongoing hope from a lot of us longer term bitcoiners regarding developments to make bitcoin more user-friendly and to increase the various user-friendly options to the extent that is feasible.

there's a big a difference now on this situation wherein unlike last year bitcoin is really near to break 70k and the structure is very fine.

And now seems all those positive sign disappeared because bearish occurred and alot of correction happened in the market..
probably its possible to happen unless market surge again constantly, i mean another 2 consecutive ATH after breaking thus resistance because surely that 100k is easy to reach within this year.

In my opinion, the chances of bitcoin breaking the $100k price level this year are pretty tough. Until now the price of bitcoin is still experiencing a very deep correction since the ATH level that was broken last year. Maybe if the bulls continue in the next few months, the bitcoin price target will be reached in the $75k range.

History already tell us that, 2020, we seen the price hitting all time lows of $3k, and many are afraid that it will still go down because of the corona virus. But last year we hit a all time high of $69k. So in just a matter of year, the price move so up that everyone was not sure that we can achieved it in just short amount of time. And that's what we like about bitcoin, so volatile and yet the chances are high for a huge returns in the future.

Prediction about bitcoin is so hard for anyone. Uncertainty is always there but we have to move on. It is true that bitcoin can reach $100000 because it is a decentralized coin and point to be noted that it has a lot of potentiality.

Your prediction is a pessimistic one. BTC has the potential due to its decentralization and privacy. If it continues to gain acceptance among multi-national companies and countries, then it might even hit that $100000 mark before the year ends. 

the halving will come in 2024 so yes it is 2025 that the 6 digits will be reached and finally broken , but till that happens let us prevent from expecting too much.  because you will only receive failure if expecting that high when there is no valid reason.


and if you cannot afford to wait long then best to trade in altcoins and not for bitcoin because this is a more expecting coin than hyping .

It is always hard to predict exactly when can bitcoin reaches 50,000$ or 100000$ ? Usually, when everyone expects bitcoin to move up, it rarly goes in the direction of the anticipations by the majority. Bitcoin usually suprises us and move unexpectedly. When bttcoin reach 4000$ in March 2020, no one would have thought that it can reach 69K in a years time only.
I never make up my mind on bitcoin targets as when they will reach them but i know some day bitcoin will reach 100000$.

The price of bitcoin will definitely continue to rise and even exceed that price by going through a long process for long-term goals, so if that's your goal and for the long term. Never feel afraid because whatever price you want will definitely be achieved.
The most important thing is to live it consistently and have strong patience because bitcoin is for the long term and for your brighter future, bitcoin is not easy to predict although experts predict not necessarily accurate because changes can occur unexpectedly.

True. We might have to sacrifice more .. to reach that new all time high , to fall even worse than back to $10k for instance , i still believe that worst moment will always haunting us , you just never know the biggest crash ever could happened while people think confidently that the price might go to $100k with bullish chart formed but the situation directing the other way around.

Beware just beware , there is a lot of possibility and the biggest crash ever in bitcoin history could still there waiting its moment , watchout.

That sooner or later Bitcoin will reach the price of $100k is certain for me. Many people, including experts, have announced that it will happen in 2021. Unfortunately, this fact is taking longer, but I think it will not be a problem for the new ATH of $100k to be achieved in 2022. If not in the first half of the year, I think it will almost certainly be at the end of the year.

The tendency of Bitcoin reaching such mark is possible and that will definitely happen sooner or later. Every crypto enthusiast know so well that the price of Bitcoin is always on a rollercoaster ride, and in every deep/price correction, there is always a new ATH ahead. The year 2022 is still very young and tender, and within a week period a new mark can be given when it comes to the speculative nature of Bitcoin.
That being said, the price of Bitcoin is currently on a range level, and the correction process is still going on, to find a good mark for support and the next bull run. I hear most people saying that this might be a long deep, looking at the lows of around $20k levels, if this be, then we might not be expecting the $100k mark this year. So, until the correction is over, we might no be seeing the $100k ATH, and the entire market will face it.

I do agree, most likely when we are in the next halving, after that maybe we can see the price going to $100k or more. Although there was a lot of noise of hitting 6 digits last December, and everyone is positive that we will reach it, wasn't meant to be at least for this cycle. So most likely it can be reach next bullish cycle which will start in 2024 and then a bull run of epic proportions up to 2025.

Bitcoin is going to $100,000 & much, much higher. The only question is when that will be. I can close to 100% tell you that it will be before the end of 2025 but I can’t be any more specific than that.

Too big to fail and go to $10k in just a short amount of time, if $100k is first to be realized I think $10k will not be seen anymore considering past bear we got -80% correction. If we gonna be seeing the $100k valuation then we need to have more market cap from here on out maybe 5x from the current market cap. The sentiment was still here and that's the 6 figures Bitcoin valuation. WAGMI.

We're almost there and almost reached $70k but the fun was too short and the correction has happened.
I agree, the market got into a dip today and we don't know if this will continue again even below $34k. As for the expectation that it will reach $50k, I guess that it won't be that easy for us to see it like that. Another weekend of dips maybe but by Monday, we'll see how high it will recover.

I think the same, it is exciting to see the price of bitcoin going up very rapidly but when that happens then it is obvious that we are in the middle of a bubble, and once it pops out things can get really ugly, this is what happened in 2018 and the market needed years just to recover the trust from investors, so it is better that bitcoin keeps growing at a steady pace as this is what attracts large investors, and not those sudden pump and dumps we see in the market from time to time.

to dream of a price of $100k first we need to see the price, we will break the $70,000 and only after that can we dream of prices of $100k I say that because we are still in an indecision zone, we do not know if the price will rise or if it will fall back to the $34000, everything will depend on the next days to know the next movement that the price will follow

Don't you this Bitcoin hitting $100k this year as you believe will likely course a bubble phase that could burst any time soon and do you think your time frame of this year is too short and not healthy enough that will not course a burst.
If you are waiting to see the price of Bitcoin below 6 digits so that you can buy at a cheaper price then you may end up wait in vain as that may not happen again.

The current state of Bitcoin is much better. Bitcoin has some support levels. If these levels go down, then there is a possibility of price reduction. However, the price of Bitcoin has dropped dramatically. He also recovered in a few weeks. But I don't think Bitcoin will ever go to 10K. I think it will be 100K by 2023. I think there is a possibility of a good pump at the end of this year.