Topic: Bitcoin to $100k in 2021 - page 2. (Read 661 times)

Appreciate the feedback, new to this so still finding the sweet spot.  Most of my videos so far have probably been too long .  Trying to deliver quality but that probably actually means shorter and more concise.  

Thanks.

It would be a lot of fun to create a livestream to discuss price action and news.  An active discussion would be cool. What do you think?

Even on 2025 presumption of 100k price then its hard to believe for us to reach that level even talking with 50k price then its already hard level to reach.Im a bitcoin supporter
but analysis or presumptions like this with the price is nearly impossible to reach.We might be seeing 20k soon but doesnt mean that we will shoot up 30k so fast and reaching to 100k in no time.
Its not bad to have positive sentiments but people should really think off carefully and clearly on what are the main catalyst that would really be needed before
reaching out this price.Full adoption scale is mainly needed.

No it is possible, Im one of the more bearish speculators here and there's always plenty reasons for us to pull back quite harshly, with volatility, upsets, bad news and a price full of air from weak buyers not users but even with all that BTC can get up to 100k in the longer term view.    Volatility often is labelled as negative and representing selling but its also likely an aid to BTC usage across the world as Dollar is on plan to become increasingly unstable and unable to provide the assurance as a global reserve currency it has done for decades.  If you arrive at the tail end of a move that takes decades then its reasonable to expect events to occur that would appear impossible normally and the events leading upto macro economic outcomes now started in the 1970's and before.   I can post up a video of General Charles de Gaulle complaining about the rampant failure in the dollar standard with the French nation refusing to accept anything but gold in trade rather then dollar and to this day France retains substantial capital reserves in this form; that was long before I was born and yet here we are still and thats why I argue this move that will occur is like a tsunami in natural scale.
   Its not that its impossible but it is incredible and requires a full understanding to the whole span of the story to get why its occuring, I mention this because there does seem to be a definite link between BTC and the start of QE programs and the likely failure projected by some at that time.   Also the final point is the Dollar of 2020 isnt the same Dollar of 2008 and when BTC makes 100k dollars it will have declined further; I disagree this occurs in 12 months though.

A good insight into what may happen in the bitcoin market within 2-3 years, appreciate it.
it would be better if you can share more like your video summary for people who don't want to watch the full video.

$100k in July 2021 seems too confident due to some reasons as we know how bitcoin has been volatile for many years, as traders will sell out whenever bitcoin reaches a higher price point, the possibilities change depending on how much the price would drop at the time bitcoin reaches the $20k and $30k mark. Imagine if institutional-investors planning to sell bitcoin at $30k, the price may crash to below $10k if the market following the fud. in this case, the best price we can expect in 2021 probably $50k, for the next step, how about $17k in two days?

No offense, but if you are going to represent what people say, please do it accurately.  'near certainty' is not the same as 'certainty'.  Don't cherry pick a word and misrepresent someone's statements. Qualifier words are important.  In the video I linked, and yes I linked a video of mine I worked hard on, am okay with that - specifically mention I wouldn't say anything with 100% certainty, and you can't time the market.

The remainder, appreciate the varied discussion.  Here is the source for the primary model.  If you haven't explored his work - https://100trillionusd.github.io/

Cheers  

A lot of people who holding bitcoin right now will stop holding even when it's reached 200% from $15k to $30k .

They would think it's enough, and i do believe there only few people who stand till the end if the price really touches $100k.
It's just the same thing when people sees bitcoin at $500 back in 2016 2017 , those who holding $500 to $10k ... i bet very few. They lured to sell it off once they sees the profit is more than enough at $1500 which it's 300%.
So yeah hard to believe there would be a lot of people being loyal waiting and hodling till that price from now.

Something very unlikely and I am not interested in content like something that is just an imaginary, because even the price increases that occur will not be as fast as imagined. If from now on blindly the price increases, it is possible to reach $100k in 2021 but what's happening so far? Is it possible for bitcoin price not to have negative sentiment in the market, and will the increase continue so smoothly that there is no correction? Such factors will inevitably occur in the market despite the positive trend going on, so it is highly unlikely that $100k will be reached in such a short time but if you say the previous ATH will definitely be surpassed, then the content is probably more sensible.

It was a surprise to see that news because that's also what I knew. They should allow the feature by a couple of months from now but it happened earlier than expected.

PayPal just made it timely and the decision that they did was quick. Maybe they have figured out that they need to do it earlier than the timeframe that was already broadcasted.

Is it possible? to me it's impossible. But guys please don't come up with a sentence saying that anything is possible in crypto and don't try to become John McAfee. Let the prediction be a genuine and honest one, let it break the 20k barrier then we can think about 100k or let's have this topic in decade hopefully the price may go up that time.

the most effective way to be free from stress is not to get your hopes up "LOL".  I always welcome the new year with an optimistic attitude but Bitcoin up to $ 100k is something I don't really dream about in 2021.  I really believe Bitcoin will break $ 50k (ATH) in 2021 but coming back this is just my guess because Bitcoin up to $ 100k in 2021 is (maybe) to happen..

It doesn't mean that it will continue this way, but it also doesn't mean that it won't continue this way, either options could happen. I say there is as much chance of bitcoin going to 100k in 2021 as there is a chance it won't, they are 50-50% possibility in my mind, we don't know what will happen.

If I had to really make a case for why it could be 100k (which shouldn't be too hard) it would be companies getting involved could make bitcoin go higher and higher.

These are places that gets involved with hundreds of millions of dollars when they do and when you get that much money (assume one billion per month) you are increasing the price of bitcoin non-stop, and they will not suddenly stop and say "let's wait for it to go down" they are doing this 10+ year long term, so they could get in anywhere they want.

I am not really sure about that short period of time even though the continuous increase they are only thinking about now and how the correction that occurs the bear market will definitely come because this often happened before when the market was in a bull run, but indeed in the last quarter there has been a better improvement. and more like 2017 hope it happens again I didn't expect it so high, just touching 20k again it is amazing that bitcoin can make up the numbers again.

The timing for this is surprising because weren't they suppose to let all US customers sometime in 2021 be able to purchase Bitcoin? Its been like a couple of weeks and they enabled it for everybody. And for most people they upped the limit to $20K per account, it was lower before.

Maybe it was on purpose because they figure that if they enable BTC purchases during a sideways or bear market then nobody will buy. Similar to what happened with Bakkt, they were released when there was no hype and pretty much 0 volume for Bakkt. Now that BTC is all over the news and on Fast Money and trending everywhere, they figured they better enable it now for most users and reap the benefits of the huge fees they charge. Something like 2% to buy and another 2% to sell. So with enough volume they can have a great Q4 revenue quarter.

Possible is there but we can't have that confidence like what we're thinking about the possibility that we'll get to see $20k again. The confidence for those prices are different but they're the same high price than what we have.

There's a sudden move to bitcoin's price and there goes PayPal. With the assumption of other institutional companies getting in for bitcoin, there's likely a chance to see news that are related to it.

PayPal: PayPal will now let all users in the US buy and sell cryptocurrencies

I have doubt when people put the word certainty in their post about the price of Bitcoin, because realistically you cannot accurately predict the price of Bitcoin in any situation and at any time, that's just impossible, there are those who predicted close to it but it never happens all the time, I'm definite you are just making a hype I also will do that if I want to make a profit.

Thank you for your prediction. We have less than 2 months to see the new year, and I am curious about what will happen to bitcoin next year. If the price really touches $100k in the next year, many people who hold bitcoin will become a millionaire because they will sell at the highest price. But bitcoin price has a difficult time to increase now after touching $15k, and the price now is not moving to a higher price.

But if the adoption process can start in the next year, perhaps, that can lift the price to start rallies and break every high price barrier. And in that year, we might see bitcoin price will make a new ATH. But we never know if bitcoin really head to $100k in 2021, and we can only wait for that time.

Maybe 2 or 4 more years.

It is true that the price is having a great movement this last quarter of the year but that doesn't mean it would continue to increase at the same pace for the next few years. It would go up, it would go down, it would go up, there will be a correction, and so on. We don't know what will also happen in the future that might affect the price.

Definitely not the only one that considers it a strong possibility .  Actually, very popular models are in line, I'm more-so reading them, and finding a macro view that seems to fit with that possibility.

Either way, not insisting, I think it's likely, and near certainty in 2-3 years.  That's about it.  At 1% on the John McAfee spectrum.  Actually seems in-line with a fair portion of the bitcoin community on this. Maybe outside bitcointalk, haven't been here in a while.

Appreciate the in-depth response.  Would agree that reaching, and maintaining $100k+ in the long-term would at least start to coincide with significant macro-economic impact.  That's the central point anyway, to hedge.

Simply touching $100k at some point, let's say for example, reaching it as an over-shoot in the next cycle, is very likely and I think requires less upheaval that we're implying otherwise.  That cycle top taking place in 2021 seems hasty, but models that I agree with are showing strong correlations, suggesting it likely ie. S2F.  Of course, that doesn't provide any certainty, but it does seem like likely.

Either way, 2-3 years is almost certain at this point.  Leaving aside the central macro view that BTC serves as the ultimate hedge against the gradual collapse of a fiat system.  The store of wealth narrative alone is growing increasingly significant. 

Appreciate the charts and the support/resistance areas.  Will take a closer look.

If you insist this, you will probably become the next John McAfee with unrealistic prediction of the price, I have based my prediction on how the market react for the past three years, it will take the next halving for us to have a big pump this current production of Bitcoin is good for $50 k at the highest, the adoption is good so far, but there's always a market volatility that we must not overlook, the price could go down even without a hint.