Bitcoin's 100k bubble may not burst ???

milewilda

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Quote from: el kaka22 on April 02, 2021, 03:34:56 PM

I think even if we have a 70% drop, which I think we will not have one at all, it will not be that big of a deal if we can break over 100k. I think we will reach to a point where it is like 120k and then drop to 50k or so, that seems reasonable and I think it may happen as well. It is of course not easy task to reach there, but I think it can reach there eventually.

We can't go up forever, it is impossible for us to reach a billion dollars right? That means it is impossible for us to reach to a certain level for now, we don't know what that is but there is a number, whatever that is we will get to somewhere near and will start dropping from that level. Of course, it is going to be a bit difficult but I think we can manage it and we will probably end up with a "lower" price that could be maybe even higher than the current price or at least close.

We shouldnt really anticipate much because we dont know on what would be the possible peak for a particular period of time.People are just way too fast or in a rush
when guessing or expecting for a price without even minding the probabilities of hard correction that might take place before on having an another bullish run.
For now the price is steadying down and moving sideways but its good that it hadnt any signs of drop or crash which might indicate that we do really have some
strong support with those low levels which we can presume that dropping way below is unlikely to happen.

arufox

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Actually, people can only use data as a reference to predict what will happen in the future, but if we talk about the future, this something mysterious, no one knows what will happen exactly, are you will sell it, hold keep hold it, or what? The decision is yours so whatever you decide don't regret it

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Quote from: Wind_FURY on April 02, 2021, 05:03:28 AM

It’s very debatable that Bitcoin is a bubble. It’s supported by miners, and the energy expended to mine all those coins. Zoom out and look at the chart. Is it a 10 year bubble? If it’s a 10 year bubble, then it can also be on a path to be a 20 year bubble. But by year 20, everyone would be saying it’s not a bubble. Cool

I wouldn't bet on it. There will still be those who say that Bitcoin is a massive bubble. Maybe Peter Schiff (if he lives that long) or someone like him. What difference does it make? We must learn to ignore them and have confidence in our vision (Satoshi's vision) for a better future.

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Quote from: Ludmilla_rose1995 on April 03, 2021, 04:37:41 AM

I don't think that bitcoin will hit $ 100 this year, but I do believe the price increase will continue.

$100 ?? "lol" you missed the letter "k"

Quote from: Ludmilla_rose1995 on April 03, 2021, 04:37:41 AM

because bitcoin this year is a little different from the previous year. large companies and even some government institutions have adopted bitcoin. now bitcoin has been widely accepted by most people. so the chances of it dropping to 70% are very slim.

Bitcoin price drop till 70% is impossible again nowadays. every day we hear influential people and big companies falling in love with Bitcoin, the last thing that made a scene was the confession of the hot girl "Paris Hilton" who said fell in love with Bitcoin on her Twitter account.

aioc

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Quote from: Ludmilla_rose1995 on April 03, 2021, 04:37:41 AM

I don't think that bitcoin will hit $ 100 this year, but I do believe the price increase will continue. because bitcoin this year is a little different from the previous year. large companies and even some government institutions have adopted bitcoin. now bitcoin has been widely accepted by most people. so the chances of it dropping to 70% are very slim.

Everything is open, Bitcoin reaching $60 is beyond the expectation of many of us here this year, we are only on the fourth month of this year, there's still a lot of things that's going to happen for the rest of the year, good things or bad things we never know, investors just react on every news that comes along, so $100k is still possible but not guaranteed.

Ludmilla_rose1995

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I don't think that bitcoin will hit $ 100 this year, but I do believe the price increase will continue. because bitcoin this year is a little different from the previous year. large companies and even some government institutions have adopted bitcoin. now bitcoin has been widely accepted by most people. so the chances of it dropping to 70% are very slim.

royalfestus

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This cycle is described as the super cycle; where the institutional investors especially in bitcoin will be holding in a different way, they are not planning to sell even in the parabolic at any price. Just like gold is been hoarded in some countries irrespective of the scarcity and price, they will still hold. We may not see the 80-90% price dump like in previous years, so the possibility of holding the price above 100k can be seen and Ethereum may attain a new role with the exciting use cases.

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If I put Data and math aside .. I'd say it's gonna drop more than 50% soon , my point of view is that those huge company that invested millions/billions dollar in bitcoin will release their holding once the overall economics backup. That's my gut, I had it.

el kaka22

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I think even if we have a 70% drop, which I think we will not have one at all, it will not be that big of a deal if we can break over 100k. I think we will reach to a point where it is like 120k and then drop to 50k or so, that seems reasonable and I think it may happen as well. It is of course not easy task to reach there, but I think it can reach there eventually.

We can't go up forever, it is impossible for us to reach a billion dollars right? That means it is impossible for us to reach to a certain level for now, we don't know what that is but there is a number, whatever that is we will get to somewhere near and will start dropping from that level. Of course, it is going to be a bit difficult but I think we can manage it and we will probably end up with a "lower" price that could be maybe even higher than the current price or at least close.

aysg76

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We have been witnessing some huge surge this year and prices have went high to $60k this time and after market correction we are once again touching $59k mark with some institutional and retail investments at mass level.This is showing signs of btc becoming mainstream and adoption at large scale.So now the main point is bearish trend may come but in the long run we will see only bull market as we have seen in the past.2017 crash was extreme situation which is not possible due to back up by market investors and adoption by major institutions funds will keep on flowing in the market.So just HOLD.

plr

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Quote from: pooya87 on April 02, 2021, 01:15:06 AM

A "pump" is not real rise, consequently it can not stay because it is unstable and the resulting price is always above the intrinsic value hence a "pump" is always without exception followed by a "dump" hence creating the term "pump and dump".
Bitcoin is not a pump and dump.

We can only attach the word pump and dump to altcoins, pump and dump coins have a short lifespan in the market, something that is not applicable to Bitcoin, and other top coins in the market, we can use the word adoption or strong buy support in place of pump, I never support pump and dump coins because it has no value in the long run.

4Y078

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20 year bubble that would sound funny lol Grin

Wind_FURY

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Quote from: magneto on April 01, 2021, 05:36:50 AM

Look, I don't think anyone disagrees that the BTC markets are currently very frothy.

But just because a bubble is forming doesn't necessarily imply that it's going to correct any time soon. In fact, I do actually expect the run-up to $100k to happen without too much of a resistance. The market psyche is simply completely unpredictable when FOMO is so rife.

In terms of the 70% correction, I do expect it to happen as an eventuality. I'd say with some confidence that we'll see some sort of major correction before mid next-year.

It’s very debatable that Bitcoin is a bubble. It’s supported by miners, and the energy expended to mine all those coins. Zoom out and look at the chart. Is it a 10 year bubble? If it’s a 10 year bubble, then it can also be on a path to be a 20 year bubble. But by year 20, everyone would be saying it’s not a bubble. Cool

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Quote from: Gozie51 on April 01, 2021, 06:27:34 AM

Quote from: magneto on April 01, 2021, 05:36:50 AM

In terms of the 70% correction, I do expect it to happen as an eventuality. I'd say with some confidence that we'll see some sort of major correction before mid next-year.

The drop can be sooner than mid next year IMO. Taking the scene of 2017 bull , it didn't last the whole year before the cirrection started , it went down to bear. Bitcoin went this high because of covid-19 fears and many investors pushed money to bitcoin. So I think with the vaccine, there will be reduction of cases and confidence may return to the way things were. Some investors are not enthusiasts, so they may cash out anytime there is a little correction and that can cause drop.

I'm down for a mid-2022 correction, and I do hope we can see a lot more than 100k ATH but I think it's going to be so difficult for big holders to overcome the psychological temptation of selling at $100k so we might not see more than that, what do you think?

I doubt it's so much about covid though, just the problems of fiat (which was probably helped by covid sure).

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Quote from: Distinctin on April 02, 2021, 01:34:51 AM

Quote from: Husires on February 09, 2021, 12:51:26 PM

I want some analysis of what will happen if we break the $ 100,000, or at least will we see a correction of 70% within 12 months?

I think after seeing the price now, we are due for a correction and 70% correction is possible in 12 months or more.

The price is already high but I'm not saying $100k is not possible, its just that I have a feeling that the price will likely to correct anytime soon and we shoudl be ready to witness a worst correction, maybe worst tha what happen the last time.

No way. I mean, we can take nothing for sure in the markets but I think reaching $100k is far more likely than a correction soon. We have high demand from institutions and also some retail investors, reduced supply (halving and people withdrawing from exchanges) and also massive printing, so the price has to go up. Also, in this quarter we are going to see more companies announcing that they bought Bitcoin in the first quarter, fuelling FOMO. Those are my reasons, I do not base them on a hunch.

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Quote from: Husires on February 09, 2021, 12:51:26 PM

I want some analysis of what will happen if we break the $ 100,000, or at least will we see a correction of 70% within 12 months?

I think after seeing the price now, we are due for a correction and 70% correction is possible in 12 months or more.

The price is already high but I'm not saying $100k is not possible, its just that I have a feeling that the price will likely to correct anytime soon and we shoudl be ready to witness a worst correction, maybe worst tha what happen the last time.

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Quote from: bitterguy28 on April 02, 2021, 12:35:42 AM

Quote from: ?? on ??

Quote from: coin-investor on April 01, 2021, 09:44:55 PM

Quote from: Zemomtum on April 01, 2021, 06:57:20 PM

Bitcoin might likely surpass the 100k this year based on institution involvement and adoption we are currently seeing such as from Paypal and Visa, this year will be very huge for the entire crypto industry.

It's already huge and we are riding on it, it's up to the whole community if they want this hype to continue, I don't see the price bursting too soon, we have a whole year, we have institutions coming new innovation created and big names in the investing industry moving towards Cryptocurrency, we'll have correction and dip, we should get used to it, but we are still good all through the year.

BTC crosses $60K. I wonder to see how much high will end up before seeing actual correction. Happy with that everybody buying right now, and spend series time watching the charts so there's nothing downtrend except rising. Crash is other chapter while we're moving rush but I have never bothered about where price could have gone to. It's now enough for me.

do you still looks for actual correction when we already had Last month when the value drops down to 47k ?

But of course there are chances that this was only a partial and the real Correction is yet to come .

Maybe 30k level? lets see.

Hopefully, the drops are not happen too deep, but who knows, that can happen later.
I still waiting for the bitcoin price to hit $65k because I think that can be the next target high price for bitcoin to increase, so maybe that can happen the next week or this month.
Yes, we already cross $60k, but the price seems to want to make a little correction before going up, so if that is really correction, you need to prepare your money to buy bitcoin at a low price.
But if the price still going up, you can sell your bitcoin at your target price.

pooya87

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Quote from: rodskee on April 01, 2021, 08:33:06 PM

This is what we called Real Pump and staying high .

These 2 terms are contradictory.
A "pump" is not real rise, consequently it can not stay because it is unstable and the resulting price is always above the intrinsic value hence a "pump" is always without exception followed by a "dump" hence creating the term "pump and dump".
Bitcoin is not a pump and dump.

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Quote from: ?? on ??

Quote from: coin-investor on April 01, 2021, 09:44:55 PM

Quote from: Zemomtum on April 01, 2021, 06:57:20 PM

Bitcoin might likely surpass the 100k this year based on institution involvement and adoption we are currently seeing such as from Paypal and Visa, this year will be very huge for the entire crypto industry.

It's already huge and we are riding on it, it's up to the whole community if they want this hype to continue, I don't see the price bursting too soon, we have a whole year, we have institutions coming new innovation created and big names in the investing industry moving towards Cryptocurrency, we'll have correction and dip, we should get used to it, but we are still good all through the year.

BTC crosses $60K. I wonder to see how much high will end up before seeing actual correction. Happy with that everybody buying right now, and spend series time watching the charts so there's nothing downtrend except rising. Crash is other chapter while we're moving rush but I have never bothered about where price could have gone to. It's now enough for me.

do you still looks for actual correction when we already had Last month when the value drops down to 47k ?

But of course there are chances that this was only a partial and the real Correction is yet to come .

Maybe 30k level? lets see.

coin-investor

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Quote from: Zemomtum on April 01, 2021, 06:57:20 PM

Bitcoin might likely surpass the 100k this year based on institution involvement and adoption we are currently seeing such as from Paypal and Visa, this year will be very huge for the entire crypto industry.

It's already huge and we are riding on it, it's up to the whole community if they want this hype to continue, I don't see the price bursting too soon, we have a whole year, we have institutions coming new innovation created and big names in the investing industry moving towards Cryptocurrency, we'll have correction and dip, we should get used to it, but we are still good all through the year.

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