Bitcoin price would hit $288,000 this year, according to this metric

btc_angela

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Quote from: LUCKMCFLY on March 27, 2021, 09:03:58 AM

The PlanB S2F model is one of the best, not only because it has a market logic or because it also takes volatility into account, the best of all is that it is a model that does not become an indicator tool but rather has an expiration date. maturity, it is also one of the most accepted models by many radical analysts of both technical analysis and fundamental analysis.

I agree that it was one of the best, but I wouldn't say that only radical analyst can appreciate it. Even traders who are starting their journey can look at it. But be cautious though that this model is not for day trading, it is supposed to be looked for long term.

Quote from: LUCKMCFLY on March 27, 2021, 09:03:58 AM

It may seem very strange or maybe very impossible that it does not happen, but from one moment to another bitcoin was at $12k and $13k then it reached $50k, and almost $60k, it is very possible that it can give a change to that price, no there is nothing far-fetched about the Bitcoin market. In addition, there is a lot of institutional investment coming in, many investors trust Bitcoin at the moment, even some gold investors have put their faith in Bitcoin, this information that new investors handle such as Paypal, Microestrategy, Elon Musk, among others, do not enter the market to earn pennies, they enter to earn millions.

As past history tells us, although bitcoin's price is very volatile, at the end of the day it can have a increased that we really really thought it was possible, now we are talking about six digit figure at the end of the year. Scary but it is really doable by how the price is moving in the last 12 months.

LUCKMCFLY

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The PlanB S2F model is one of the best, not only because it has a market logic or because it also takes volatility into account, the best of all is that it is a model that does not become an indicator tool but rather has an expiration date. maturity, it is also one of the most accepted models by many radical analysts of both technical analysis and fundamental analysis.

It may seem very strange or maybe very impossible that it does not happen, but from one moment to another bitcoin was at $12k and $13k then it reached $50k, and almost $60k, it is very possible that it can give a change to that price, no there is nothing far-fetched about the Bitcoin market. In addition, there is a lot of institutional investment coming in, many investors trust Bitcoin at the moment, even some gold investors have put their faith in Bitcoin, this information that new investors handle such as Paypal, Microestrategy, Elon Musk, among others, do not enter the market to earn pennies, they enter to earn millions.

Questat

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Feels not excited to see Bitcoin reach $288,000. It is very expensive and that corresponds to higher risk.

But the future can't even tell where we are heading to. The graph shows a growing price, that was what we expected to see but I'd never think it jumps to (even) $100,000 easily. Probably, we have to wait another decade for this to become possible, and that only happens when the majority of the transactions are using Bitcoin.

arufox

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Quote from: pakhitheboss on March 19, 2021, 02:46:40 AM

From 2017 till today I have been hearing a lot of price prediction and frankly speaking non of them were correct. If it was that easy to predict Bitcoin price most of us here would have been Bitcoin millionaire. We all know it will reach to the moon and we can see everyday what is happening therefore there is no need to create a FOMO around the price.

Actually, we all can be Bitcoin millionaires, it's not about you can predict the price because no one can. But it's all about how long you will hold the Bitcoin.

I just want to say if compared between 2017 and 2020 Bitcoin already so high but will more high for sure, but don't just focus on Bitcoin, Try find hidden gem on altcoin

$288,000 I believe it

Wilhelm

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Quote from: Untomabur on March 25, 2021, 01:32:26 PM

if the Bitcoin price is still below $ 100k honestly I will find it hard to believe the price of Bitcoin at $ 200k,
because the bullish time might end this year, and in Q1 bitcoin is still at the $ 50k level, yes this is not a bad thing,
it will But if everyone wants $ 200k this year means greedy community and holder levels are getting higher,
and this is a red flag for the market, maybe 2018 will be repeat again this year.

Just to show you some perspective, and that is is attainable...

Note: it’s logarithmic scale... Grin

Untomabur

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if the Bitcoin price is still below $ 100k honestly I will find it hard to believe the price of Bitcoin at $ 200k,
because the bullish time might end this year, and in Q1 bitcoin is still at the $ 50k level, yes this is not a bad thing,
it will But if everyone wants $ 200k this year means greedy community and holder levels are getting higher,
and this is a red flag for the market, maybe 2018 will be repeat again this year.

yohananaomi

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Quote from: Ibrahim60 on March 20, 2021, 12:37:01 PM

Bitcoin is now so much volatile. We know Bitcoin is one of the most potential and good coin. But i don't appreciate with your speech. I don't think that Bitcoin price will hit $288,000 in this year. In my opinion bitcoin can hit this much amount but not in this year. In the future its price can touch the amount. I think in this year Bitcoin price can hit around $80k to $100k. Or gonna down like 2017. Because no one can surely tell something about cryptocurrency.

of course I am clear and underline your statement that it is true that no one knows and understands clearly what will happen with crypto. but based on the experience that has happened we can conclude that it will at least be the same as the past that has happened before.

bitcoin every 4 years will have a halving and in the first and second periods there has been an increase a year after the halving happened, and the third halving is 2020, so there will be an increase at the end of 2021. but before the halving the effect @elonmusk has made changes that happened where since last year bitcoin has reached a high price.

This year the effect is still visible and the halving effect is not yet visible, so there is a possibility that bitcoin will not experience the 2018 event this year but instead there will be a sharp increase to continue until the end of the year. In terms of how many bitcoins will reach ATH, it's hard to predict but definitely fantastic.

Shasha80

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I'm optimistic that Bitcoin will hit $ 288k eventually, but for this year it might hit $ 288k a little too fast. I think Bitcoin took a little longer to reach
$ 288k, but there is nothing wrong with buying Bitcoin at its current price. because in the end the price of Bitcoin will also continue to rise, if it turns
out to be able to reach the price of $ 288k this year the profit generated must be very large. Even though it didn't reach the price of $ 288k, Bitcoin
could have reached the price of at least $ 100k, so we are still profitable if we buy Bitcoin now. I agree with the opinion that buying Bitcoin does not
need to wait for the price to dip, but buying at any price will still be profitable in the end.

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Quote from: sana54210 on March 21, 2021, 02:41:31 PM

Quote from: molsewid on March 21, 2021, 02:49:44 AM

Personally, i doubt about the projection of OP's searched metrics regarding the future price of bitcoin that may attain within this year. I do believe on the infinite capability of bitcoin which in fact bitcoin never cease to surprise us since this year came, its new ATH attain was unexpectedly came only a days difference after the last ATH which we already used to wait for the new ATH within the end of the year. What i truly mean is any number of new ATH are possible but yeah i guess its too high to reach also.

The fact is that it may not reach 288k this year, but logic states that as a store of value currency bitcoin will reach 288k eventually. And shouldn't that be the most important thing, investors look at that but traders unfortunately do not. If I end buying at 60k, and price drops to 30k and then increases to 288k I still won, and I like it, and I will be very happy about it, but some people end up saying "well if you bought at 30k you would have made a lot more" and those are the same people who know that bitcoin will go up in the future but the next stop could be lower so they wait.

I do not like that, I can't wait, I do not know if it will go down or not, so I better buy right now so that I could profit when it reaches to 288k levels, that is why I end up with accumulating as much bitcoin as I can daily, it helps me grow my portfolio.

the factors are diverse when it comes to bitcoin price. when you consider other metrics, you may come up with different figures here. it is nice to see this price level, but interested how far or near this will be in the actual scenario? and that we will see at the end of this year. would want to re-visit again this thread when the time comes.
the possibilities are endless but we need to keep up with the news surrounding this market.

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Quote from: Bilgent on March 18, 2021, 06:02:26 PM

Quote from: dolcemariposa1 on March 18, 2021, 04:38:51 PM

In the middle of the bull market, the big question of the moment is what price bitcoin (BTC) will reach in the coming months. And for the creator of the Stock-to-Flow or Reserves vs. Flow prediction model, by December we could be seeing the main cryptocurrency around $288,000.

It is a really big prediction to be honest. I actually don't have an expectation more than 100k dollars for this year but it a very nice analysis we are talking about. Of course, Bitcoin price doesn't fit every analysis but who knows maybe this one could turn out to be right. Grin

You don't have an expectation of more than 100K this year?? I just want to know when you join in Crypto?? Are you know what happens in 2017??
My conclusion you are still a newcomer inc cryptocurrency, because if you had been in for a long time and knew the happens of 2017 you would not say things like this

Old member optimistic that BItcoin will over 100K this year or maybe 200K

STT

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Quote from: pooya87 on March 21, 2021, 12:58:13 AM

On top of that the US dollar is going to experience a lot of inflation thanks to trillions of dollars they keep printing regularly these days. $400k seems to be just the start.

Theres primary causes and secondary effects, we will have natural cycles as the nature of money itself in transmission and storage as wealth is altered by actions of the FED and others such as the government who use up such large amounts of value.
Inflation itself such as we've seen is destructive but the process they've enacted in this particular way is causing asset inflation rather then low level effects just yet. Because inflation is destruction it will also be we will see recessionary effects I think so there is more then one dynamic in play and that makes it more confusing and convoluted in the final conclusion. Japan has been at this since the early 90's a long head start of most other economies and they also have natural deflation.

Wisbrown

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I never have a doubt about this, because if you vividly study the thread, you see that bitcoin all time high is unlimited. There is 24hrs market cap extension.

sana54210

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Quote from: molsewid on March 21, 2021, 02:49:44 AM

Personally, i doubt about the projection of OP's searched metrics regarding the future price of bitcoin that may attain within this year. I do believe on the infinite capability of bitcoin which in fact bitcoin never cease to surprise us since this year came, its new ATH attain was unexpectedly came only a days difference after the last ATH which we already used to wait for the new ATH within the end of the year. What i truly mean is any number of new ATH are possible but yeah i guess its too high to reach also.

The fact is that it may not reach 288k this year, but logic states that as a store of value currency bitcoin will reach 288k eventually. And shouldn't that be the most important thing, investors look at that but traders unfortunately do not. If I end buying at 60k, and price drops to 30k and then increases to 288k I still won, and I like it, and I will be very happy about it, but some people end up saying "well if you bought at 30k you would have made a lot more" and those are the same people who know that bitcoin will go up in the future but the next stop could be lower so they wait.

I do not like that, I can't wait, I do not know if it will go down or not, so I better buy right now so that I could profit when it reaches to 288k levels, that is why I end up with accumulating as much bitcoin as I can daily, it helps me grow my portfolio.

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There is a lot of good news that bitcoin is predicted to continue to increase this year and there will continue to be parties who will buy bitcoin in large quantities like the previous news because bitcoin is a very promising investment, and the increase in bitcoin is very high, is everyone's hope.
and I think this year bitcoin will hit $ 75,000 or $ 115,000 and that price is giving me optimism compared to the so called OP price.

molsewid

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Quote from: Fundamentals Of on March 19, 2021, 10:24:38 PM

Do you personally believe that? I mean PlanB's (@100trillionUSD) unique analysis?

When I first got acquainted with PlanB, I was kind of surprised at how high his predictions are. At first I thought he was simply too bullish that he is not anymore realistic. And then his predictions started to happen one after another. I realized the man has some solid basis in his predictions. So far, they seem to go along with the real price of Bitcoin. But $288,000 for Bitcoin within this year? I hope it will happen but I think it is way too high to reach.

Personally, i doubt about the projection of OP's searched metrics regarding the future price of bitcoin that may attain within this year. I do believe on the infinite capability of bitcoin which in fact bitcoin never cease to surprise us since this year came, its new ATH attain was unexpectedly came only a days difference after the last ATH which we already used to wait for the new ATH within the end of the year. What i truly mean is any number of new ATH are possible but yeah i guess its too high to reach also.

JohnBitCo

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Quote from: dolcemariposa1 on March 18, 2021, 04:38:51 PM

In the middle of the bull market, the big question of the moment is what price bitcoin (BTC) will reach in the coming months. And for the creator of the Stock-to-Flow or Reserves vs. Flow prediction model, by December we could be seeing the main cryptocurrency around $288,000.

Its important to realize that bitcoin will hit any price between 100K - 300K. If you have this vision, you will not end up selling at 50K, 60K or 90K. If you sell at these levels you will regret when bitcoin will be parabolic at the end of this cycle.

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Quote from: Slot Kid on March 20, 2021, 03:56:04 PM

Plan B & his famed S2F has proved very correct so far, I really hope that 288k is a possibility this year. It will make many of us wealthy, we are currently struggling to break 60k but when bitcoin pops it sure as hell pops.

The market is struggling to make it to the $60k mark right now, if the prediction is going to come true it should start to make an impact on the third quarter of this year, and this is the best time to accumulate, that model is a good motivation to buy more HODL more and keep following the market, but always remember only invest what you can afford to lose.

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A closer to reality number is still $400k in my calculations and it makes more sense compared to the previous rise sizes and also the fact that this time there is a huge amount of money being dumped into bitcoin from everyone starting from individuals and goes all the way to institutional investors and big banks!
On top of that the US dollar is going to experience a lot of inflation thanks to trillions of dollars they keep printing regularly these days. $400k seems to be just the start.

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Quote from: Yaunfitda on March 20, 2021, 03:09:39 AM

I guess seeing bitcoin reaching 6 digits will be huge news if it happens, but as we can see the potential growth is slowing down, might be good to take profits along the way.

If it's a reliable company and they are coming up with that prediction, I'm ok with it but I'm not giving out my 100% trust that what they are saying will come true 100%, to the point that you are going to sell everything and invest, I still follow this advice that you should invest what you can afford to lose, nothing is 100% sure when it comes to investing.

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Quote from: Slot Kid on March 20, 2021, 03:56:04 PM

Plan B & his famed S2F has proved very correct so far, I really hope that 288k is a possibility this year. It will make many of us wealthy, we are currently struggling to break 60k but when bitcoin pops it sure as hell pops.

I'm also a fan of S2F modelling by Plan B and hoping that one day we will see that $288,000 prediction hits. But in any case, we will have to wait, we already broken that $60,000 barrier and no doubt that we will surpassed it in the next coming days. The FUD has settled down already, no more negative news in the market. Maybe we see some resistance but eventually we will get there.

$100,000 is not that bad as well, if $288,000 is not there, then at least a 6 digits at the end of the here will already be a celebration for all of us.

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