Topic: Bitcoin takes aim at $100,000 target (Read 770 times)

Get ready to be disappointed!

The volatility is unavoidable. With such extreme scarcity and massive potential utility and speculative value, these swings can't be helped. And they eventually are sustainable. We never went below $32 again. Or $1,163. The cycles are volatile but the overall trend has always sustained.


Why do you think so?

It might look unrealistic right now but we are not far away from the time when you would have your Bitcoins valued a lot and that would be the time prior to or post Bitcoin halving in May 2020. We are expecting the Bitcoin halving in 2020 on 20th May and you should have at least one Bitcoin regardless of how the market looks bad for the investment in the coin.

Many predictions appear, most of the predictions lead to the price of bitcoin that always goes up, but in fact bitcoin does not always go up, let alone go up to very expensive prices like that, it might be very difficult to reach prices because the popularity of bitcoin has decreased slightly compared to 2 years  then, but people can have their own predictions for this

Ah, $100k.  People have been predicting bitcoin to hit that target for as long as I can remember—but I’ve also heard others predicting that doge will be at $1 for just as long, and I’m not sure either one actually will ever happen.

For bitcoin, I do think it’ll happen eventually.  Whether that’s going to be in my lifetime is another question.  Obviously it will take about a 10x rise in price, and that’s a large barrier.  On the other hand, I never really expected it to get to $10k as soon as it did and was totally shocked in 2017 when bitcoin hit $20k.  I’ve come to realize that pretty much anything I think can’t happen very well could happen, price-wise.  I seriously underestimated the power of the bitcoin speculator and how small bitcoin’s market cap actually is.  It’s certainly small enough such that when enough money pours in, the price can have very dramatic movements.  Hell, Warren Buffett could buy up all the bitcoin in existence if he chose to do so.

IMO, I’m pretty sure bitcoin will get to $100k eventually.  I do hope that there isn’t a bull run a la 2017 where the price rose too quickly and thus wasn’t sustainable.  I don’t want bitcoin to get there this year or probably even next year, because if it does it’ll never stay there.  We’ll have a crash to end all crashes.

It's very difficult that bitcoin will reach $ 100,000 in the near future. I think bitcoin will only reach $ 20k. It's been difficult, always, many rumors that occur until bitcoin falls again.

Thinking of $100,000 USD bitcoin price at the present moment is not realistic and i do not know when bitcoin will reach this figure. It may take 4 to 5 years before bitcoin can reach such high value. No trading trend can predict when bitcoin will reach this high value.

If that's so, why aren't these "experts" long'ing the crap out of Bitcoin? Talk is cheap. It's useless. Putting money where your mouth is how you seperate talkers from doers.

The term expert has been trashed to a point where expert in the world of crypto means crap talker. People who are the actual experts don't ever refer themselves as such, those who aren't do. Seriously, I have never seen an industry with so many self-proclaimed experts as here in the world of crypto. It's hilarious. 

May I know who are those experts?

I guess OP talking about the price at the end of this bull run not just about the maximum price of bitcoin.

Well experts to say the true value is over 300k or around there.  So those experts are wrong then?

Possible though maybe at the end of this trend or at the next trend but surely we will hit that value.But currenctly we are at the level of beginning of five difit numbers and sometimes it fall into four digits so we just have to concentrate on the realistic current value rather than looking for huge profits.

100k USD is just too much for me.
But that is just me. My own opinion.
Also, that is some crazy number for just 1 BTC. Imagine 17m of it being valued 100k each.
That is way too much.
I guess we will just see on the upcoming years. It could happen though. Just dont know when.
Maybe when USD is so much undervalued.

Unrealistic but had the possibility to be true and it may take years before this happened. BTC has been dominating for so many years which it proves to be had the power to increased more.

I find it really difficult to think about a price range that's far from where we've ever hit. Even thinking of ATH terms, Bitcoin was barely there or nearby there for weeks, I've to think of a price level that it managed to hold on to for a while at least, and there's my starting point. Assuming optimistically this was just below 20k, I've got to think of 30k as the most significant and substantial "aim" to take.

But that's just me, and my take on psychology.

I generally believe that this is an unrealistic amount. At least for now, Maybe in 2025, when bitcoin mining will stop. But now all the races are extremely spontaneous. This is purely my opinion. But life is very strange thing) we'll see.

Very big maybe, because $100k is not a little amount of money. Even to pump until that price, will need a lot of money from people or maybe a lot of hypes that can attract people to buy bitcoin. Or maybe what worse scenario is when people afraid to buy because price is very high.

Bitcoin still too far to increase to $100k as the target price because of we even below than $10k now. But it might happen in the future as bitcoin have a big chance to increase higher in the future, especially after the halving that will occur in the next year. But still, we need more time to see the price reaches that number, and we need big patience to hold bitcoin until that time comes.

It is much more than confusing at the moment, and i would not trust on the actual pricing.

Maybe waiting a few more days or weeks until the price consolidates would be the best option at the moment, because it is super risky to trade or buy at the moment, be patient guys

This $100k aim is meant for the long term. For the moment volatility and cash grabbing by big whales is a priority...

That's intriguing to peruse numerous forecasts from the analysts despite the fact that they don't have a clue when an opportunity to occur. Traders begun to purchase bitcoin now while the value is still at $10k and hold it like what we do and sell when the value achieves based on desired price.
I am anxious about the possibility that price to reach $100,000 will require quite a while if the conditions are this way. However on the off chance that there is a critical change that is occurring in the market, at that point that will change the general demand on bitcoin once the price became so expensive.

Yes this is possible because we know bitcoin is a coin that has so much potential so we only will have to wait with patience to see the good result. As gradually price is increasing I am sure it will reach high level very soon and after few years it will be more than 20k dollar and one day it will become 100k$.

if it still possible to reach, i think any price is something that still logic to think. Because sometime bitcoin price really surprised people with their way. Who can expect bitcoin price that at first only have a little value can be increased like this.

bitcoin is indeed targeted to have very high prices, but for now, the price is indeed still very far from our expectations. maybe, the potential of bitcoin can reach a price of $ 100k when the price is above $ 50k. however, it is very difficult to add $ 10k in a short, even long time.

this target is too high for me personally, it's good that BTC is stable and getting ATH again is an extraordinary thing this year.

I dont see why Bitcoin would rise continually this year, maybe next year because of halvening but this year is a strong recovery more then boom I would guess.

Right now its challenging the previous uptrend and finding if it can just slip back into that routine




If I pan the chart, extrapolate for end December prices on the same gradient as gain these last few months.   We dont get 100k, more like far less then half that.   That'd still be impressive of course

As we go down on the level of $10k again, the chances to get the new ATH is slowly fading but I still hope to have it this year, we are still on the early weeks of 3rd quarter and more months to go. Bitcoin aims is quiet high but not too impossible to reach it, just a little time and we will be on that place waving at the very peak price of bitcoin.

The same thing people said in 2014, only the amount was $ 1000. Yes, and in fact any base to ensure growth was not only the enthusiasm of the people. And in recent years, cryptocurrency is considered not as money, but as something more, a new step in the development of technology that brings the world of electronic money. The technology itself, on which bitcoin is based, is already progress. And its application is limitless. Therefore, the growth will continue, slowly, but continue!

It's interesting to read many predictions from the expert although they don't know when the time to happen. But still, we can take a lesson on making our analysis from their chart. I am afraid that to reach $100,000 will need a long time if the conditions are like this, but if there is a significant change that is happening in the market, then that will change the people sentiment to buy bitcoin at a price now. They will start to buy bitcoin now while the price is still at $10k and hold it like what we do and sell when the price reaches their target sell price.

Bitcoin at $100,000 should not be seeing as something that will become reality at this time yet since we are still having mass adoption issue that is yet to be over come. Maybe, if bitcoin should get to like $50,000 per one before the prediction of$100,000 should come and no one will be able to see your prediction as a dream but something that will a reality but not now in my opinion.

we have already entered that trend a while ago and despite the fact that we can clearly see it on the charts and the history is showing us these parabolic rises that occur within cycles some people still resist accepting the fact that the trend has changed and we are in the bull mode.
in any case i believe we are going to see a slower rise to the previous ATH and with the halving and all its hypes and effects we will see a speed up to the whole process. with all the media coverage that bitcoin is getting which is only increasing i can see this "cycle" to be a lot shorter and bigger than the previous ones.

I think "use" may be a better term than "buy". And bitcoin's uses are impervious to price.

Bitcoin price main driver is supply and demand, simply as that. As you can see the demand is very high as right now, the price is picking up, we are in the 5 digit figure. And as we go along, and as more people are willing to buy at a certain price, even $100k then obviously it is achievable. But we need to go to overcome hurdles along the way, so it could take some time to breach 6 digits, in my opinion.

With the price having been deliberately held down for so long by traders shorting the market, people have been waiting for the sign that it is time to buy once more.  I don't think we're at that stage yet, the media haven't picked up on these price rises.  I think if anything the market is simply correcting to it's previous high point and will then level out again for another six to eighteen months.

By the end of 2020 I expect the price of Bitcoin to jump from ~ $25k to about $35k to $45k in a matter of weeks.

Hitting $20k will be a lot like when bitcoin hit $1k after a 2 year bear market. It won't be a thing.

I'm getting suspicious that when so many people set up some fixed price as their goal, it will either not be reached, or the price will greatly surpass it. I've been believing for a long time that this run will end at $60,000, but in very optimistic scenario 150k or 200k can be reached. But I think we are short on time, the bull run will likely end before halvening, and achieving x10 growth in such short period will be hard, so I'll stick to my $60,000 prediction.

What we have gone through is not manipulation, just the result of buyers and sellers dealing with little depth on both sides of the book. The wild fluctuations might seem like they are extreme, but they are perfectly normal. Did you forget about how we had similar volatility back in 2017 and even 2018?

$100,000 isn't that difficult to reach with how little supply there is. If altcoins boom alongside Bitcoin and stimulate people to use their Bitcoins to trade altcoins back and forth, it helps removing hundreds of thousands of coins from the main market and thus contribute to more spot scarcity. As always, the crash that will follow will not be pretty.  

$20,000 will trigger some extreme volatility. It won't be stable at all. If we break through the last resistance level, algorithms will go nuts, investors will go nuts. Traditional investors would consider it a 100% probability to bet on Bitcoin not breaking through $20,000 again. Bitcoin breaking that level will convince even these investors that it's here to stay.

Of course bitcoin has shown us that everything is possible, it can even go to $1 or even $100K. It is an speculative asset so it can grow overtime, might take some years specially after the most awaited event, the block halving. Which majority of us has been touted as the final catalyst to the next massive bullrun we all have been waiting in 2020-2021.

Many predictions we saw during the current bulls. However, Bitcoin seems to be driving its own trends, and the trends that may arise are quite strong. Given the current price of Bitcoin, I do not think that we will immediately see $ 100,000.

When we think we understand the the price movement of Bitcoin then show show the price moment will be unpredictable again by just moving in the wrong direction. So I don't really trust the $100,000 prediction will come true just because of the parabolic movement on the chart.

A lot of people are saying BTC will hit 100k
They study the charts and look fot theories, but it's easy like that, it needs a LOT of investments for big investors, companies etc

There are a lot of eyes watching cryptocurrencies to prevent manipulating so I do not think we're going to reach $ 100,000 soon, taking into account the rules that monitor platforms "Most of the gains above $ 12,000 were faked."
The price stability at any range is much better than the crazy highs up to $ 10,000 and then collapses within several hours.

The real target stability is at $ 20,000.

The thing here is that Bitcoin goes against what the majority of the people here are preparing themselves for. It could even mean that we may see a brutal selloff to shake out those who will dump on your face at much higher levels.

When the majority expects a new all time high or even $100k to be reached, it's less likely that this will happen within the time frame they aim at. It's pretty basic market etiquette.

Remember how people on the way down to $3000 were speculating about $2000 and even sub $1000? Panic sellers unloaded their bags aiming to buy at these lower levels but we're surprised by the market's counter effect.

Honestly, I don't believe that, it's way exaggerated. Nothing is iimpossible when it comes to Bitcoin, I have to say that too, still I don't believe Bitcoin price will go all the way to 100K. No matter that such predictions are made on certain analysis don't forget that analysis is correct as much as the data are and there is always a subjective estimation too so I'm not convinced.

Although I am positive with bitcoin current price but I don't think we will see at $100K very soon. It might happen but I believe need more time and I can't predict when it will happen exactly. Lots of predictions we have seen during current bull run. But seems bitcoin walking it's own trend, and likely trend is enough healthy. At first bitcoin should cross ATH, then we might expect another ATH. I am guessing we might see ATH again on next year.

It would be super to see 100k, but I think that it's too high. There's a good chance that this ATH won't go past 60-70k. The "cool down" was too quick, the value is still big enough to attract investors' eyes (especially after that 20k) and many of those investors that came in are already happy with 20%-like profits. If the momentum is clear, they'll allow it to grow, but they'll be super eager to withdraw at a clear sign that the rocket fuel is depleting.

I understand that 100k has been the goal of many bitcoin people and I feel like its such a target that if we finally reach it one day then we will fall like huge, because everyone aims at it so much that when we hit it then they will sell it, nobody would wait for 110k or 200 or 300, if we reach 100k they have been waiting for it for years so they will just dump all coins they have in their possession.

So, I both want to see 100k but I also do not want to, maybe stay around 50-80 for a long time before we jump over 100k so we could both enjoy the increases a bit before we eventually end up losing most of it back. Hopefully though all these experts that calls for 100k is right and we reach that, the higher the price the more credibility bitcoin gets from non-financial world as well.

Many are too optimist about the price of bitcoin, yes the chart says it all but we can't still be confident about it. We might hit the level of $30k this year but the question is how long we can stand on that level. Bitcoin should stay strong for us to see the level of $100k nevertheless there's really a chance for that price, only time can tell to us and let's all hope for the best price with the best coin.

It is just a speculation per se that we may reach the $100,000 USD per bitcoin, Yes I know it is safe to say that we can reach $30,000 USD and end bull run but if we look on the possibilities of what bitcoin can do it surprises us back then when it reaches $20,000 USD and this time around there are traders that think it may possibly because of the parabolic trend that the price may reach to $100 k, But this conversation is surely open for other things that can happen to the price of bitcoin, I am also skeptical that the price may reach this far and it is safer to assume that the price can just reach $30,000 to $40,000 USD per bitcoin.

In general,I have faith in analysis and consider it truthful in most cases.But,when it comes to Bitcoin or crypto in general I want you or anyone just give me one example of an analysis or a prediction made by a trader or a famous personality that turned out to be true and effectively happened in the past; that being said IMHO we won't see the $100k mark anytime soon.

There are many pointers that tell us we’ll reach a price of over $100,000 per BTC during this cycle. Soeak to HairyMaclairy on this forum if you want in depth, technical analysis. The price should continue to slowly rise overall until the halving (approx 10 months away). What we’ll see 6-18 months after the halving, hopefully, is the parabolic surge that’ll take us to $100,000 per coin.

Bitcoin had taken it's forth parabolic phase and may take another all-time high that may drop a price of over $100,000 USD, I guess this is a new trend and may simply take the world of cryptocurrency by storm again.

And many traders had confirmed this parabolic phase to settle in this bull trend, What do you guys think? Any comments about this.

https://cryptoslate.com/bitcoin-long-term-trend-bullish-short-term-not-so/