BTC $100K-288K before Dec2021 ? | Bitcointalksearch.org

Lucius

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Quote from: hahay on November 16, 2020, 12:01:11 PM

~snip~

If we take into account the law of supply and demand, at the moment we have less and less BTC on the market because it is bought by large investors, and all this results in an increase in price. If this trend continues, there is no doubt that the price will go up, but we can never know whether these same investors will at some point decide to profit and thus create a chain reaction of sell-offs.

To reach $100k next year we should increase the market cap about 6 times to $2 trillion which may seem like a lot, but that money exists and it is not impossible to move in the direction of Bitcoin. I think we are in a very early stage of institutional interest in this type of investment, and next year could be very interesting and set up a new ATH that can realistically be 4-5 times bigger than the one from 2017.

hahay

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However much the increase will be, basically the bitcoin price will still go up, right? There is so much speculation about the price of bitcoin and I think most of them predict a price increase and that is certainly a good thing. But indeed, an increase of around $80k in a year is something that is very unlikely, because the reduced supply will not make the price will continue to rise rapidly at least there will always be resistance which of course the increase projected to occur in the near future will not be easy.

error08

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Quote from: OgNasty on November 14, 2020, 04:58:57 PM

Quote from: coin-investor on November 13, 2020, 06:25:03 AM

There's no such thing as accurate prediction when it comes to predicting the price of Bitcoin in a market at a given date or even year, only newbies will believe this even those who started out in Bitcoin cannot accurately predict the right price at a given date, even if you are good in reading chart or data, you can predict some period but you cannot go fast 50% of your prediction accurately, it's time for people to get the fact.

My wallet wholeheartedly disagrees with you. Bitcoin has been the most predictable asset I've ever seen in my lifetime. I've sold the top and bought the bottom of the last two bubbles. I'm now getting ready for the 12 month ride of my life (for the third time).

Do you think bitcoin will eventually reach at least $100k in 2021?
There are a lot of predictions regarding bitcoin that could reach $100k in the next year, but it still too far away at this point.
I would agree if bitcoin manage to reach at least $50k by mid-2021, only if the price won't plummet after reaching a new ATH.

Lucius

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Quote from: Sanitough on November 16, 2020, 06:35:46 AM

So lesson learned for me, no one can really tell what's gonna happen in the long run, if you have opportunity to make yourself profitable, then grab it.

If you read OgNasty post you can see that Bitcoin has been very predictable so far at least as far as the new ATH is concerned, because halving is the trigger that drives the whole thing - and it seems to be the case this time as well. The last big bull run was launched on the ICO wave and on Bitocin futures news, which people completely misunderstood as something that would inflate the price to some unreal numbers, which was not realistic at the time.

I agree that you should trust yourself and your feelings, so even if you are wrong at least you will not blame others for it. It is experience that makes the difference between a good or bad decision, and everyone who was with Bitcoin 3-4 years ago should have learned something - the question is whether they have really learned and whether they will know how to apply it.

Sanitough

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Quote from: boltz on November 15, 2020, 12:27:41 PM

So many tried to predict Bitcoin price in the future and so many failed , why would this guy be different ? The price will eventually increase and that is a fact but we cannot tell exactly when and if I was to choose I would go with 2022/23 and not with 2021 as we're still in the pandemic phase so I don't see any big economical growth.

Everyone has their own bullish prediction when the market is bullish, we should not be surprise with that, its even the reason why I failed to dump my coins in the last bull run because I listened to bullish people saying bitcoin will still rise and will reach $50,000, but look what happen.

So lesson learned for me, no one can really tell what's gonna happen in the long run, if you have opportunity to make yourself profitable, then grab it.

Japinat

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I'm not sure about that price though, we are having some good run now but it's not yet sure if we will reach a new ATH.
Bitcoin would be bullish more if it will reach then ATH but it will also have some correction which would again cause some panic.

2021 is just one year, that's over 14 times fold if bitcoin will start from $20,000 as its ATH.

Will see this one, but I'm not really confident it will reach at that crazy value.

cabron

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Of course, he is uncertain, it's in his post. He didn't promise to eat his dick but it's just his speculation. $100K-288K is a wide range though so if it's more than $100k, he still predicted it right. His forecast still is a safe zone if the rally continues since this year.

The higher the price will be after the next halving, it's just 6BTC this time but after the next halving, the BTC scarcity is real.

boltz

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So many tried to predict Bitcoin price in the future and so many failed , why would this guy be different ? The price will eventually increase and that is a fact but we cannot tell exactly when and if I was to choose I would go with 2022/23 and not with 2021 as we're still in the pandemic phase so I don't see any big economical growth.

BrewMaster

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Quote from: coin-investor on November 13, 2020, 06:25:03 AM

There's no such thing as accurate prediction when it comes to predicting the price of Bitcoin in a market at a given date or even year, only newbies will believe this even those who started out in Bitcoin cannot accurately predict the right price at a given date, even if you are good in reading chart or data, you can predict some period but you cannot go fast 50% of your prediction accurately, it's time for people to get the fact.

i don't see any claims about accuracy here or even an accurate price prediction. the range in title alone is defying your comment it is in a $188000 range! it doesn't get any more inaccurate than that Cheesy

as for the price prediction itself, it is not as hard to predict it as you would think. i have seen so many topics that did predict the way price is going to rise up from back in 2012.

daarul50

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Keep dreaming like we used to.
The last time we were dreaming about how bitcoin price could move from $500 to $10000 become a joke for some people who really thinks bitcoin as a scam thing and would disappeared instead.
Then voila! Here we are riding through $20000 like it is nothing.

Quote from: OgNasty on November 14, 2020, 04:58:57 PM

Quote from: coin-investor on November 13, 2020, 06:25:03 AM

There's no such thing as accurate prediction when it comes to predicting the price of Bitcoin in a market at a given date or even year, only newbies will believe this even those who started out in Bitcoin cannot accurately predict the right price at a given date, even if you are good in reading chart or data, you can predict some period but you cannot go fast 50% of your prediction accurately, it's time for people to get the fact.

My wallet wholeheartedly disagrees with you. Bitcoin has been the most predictable asset I've ever seen in my lifetime. I've sold the top and bought the bottom of the last two bubbles. I'm now getting ready for the 12 month ride of my life (for the third time).

Noted.
See ya in the next 12 month and we'll see how much worth it then.

OgNasty

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Quote from: coin-investor on November 13, 2020, 06:25:03 AM

There's no such thing as accurate prediction when it comes to predicting the price of Bitcoin in a market at a given date or even year, only newbies will believe this even those who started out in Bitcoin cannot accurately predict the right price at a given date, even if you are good in reading chart or data, you can predict some period but you cannot go fast 50% of your prediction accurately, it's time for people to get the fact.

My wallet wholeheartedly disagrees with you. Bitcoin has been the most predictable asset I've ever seen in my lifetime. I've sold the top and bought the bottom of the last two bubbles. I'm now getting ready for the 12 month ride of my life (for the third time).

Lucius

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Quote from: Heisenberg_Hunter on November 12, 2020, 02:34:03 PM

At the moment we need middleman like PayPal, Binance and other key players to bring in more adoption. Your avatar (spending-bitcoin.com) shows that merchants accepting bitcoin are rising at an enormous rate and with PayPal entering the scene we would be seeing insane adoption once virus nears its end.

PP is of course one big and significant change, although for now it will not allow users to withdraw or deposit crypto - but only to buy -> hold -> sell -> spend. But the fact that PP is available at about 26 million outlets speaks for itself, while I am promoting a site that has just over 1200 online stores - the difference is astronomical.

In fact, the pandemic favors online shopping that has literally exploded, and all those doing business in the online world are recording record earnings. Of course, most want the pandemic to end as soon as possible because it not only does economic damage and takes human lives, but also has long-term consequences for people's mental health. All the money in the world is in vain if we lose our health, and those who have lost it know best.

jubalix

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coin-investor

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There's no such thing as accurate prediction when it comes to predicting the price of Bitcoin in a market at a given date or even year, only newbies will believe this even those who started out in Bitcoin cannot accurately predict the right price at a given date, even if you are good in reading chart or data, you can predict some period but you cannot go fast 50% of your prediction accurately, it's time for people to get the fact.

exstasie

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Quote from: adaseb on November 13, 2020, 12:31:33 AM

Quote from: exstasie on November 12, 2020, 05:44:03 PM

Bitcoin went up almost 23x between December 2016 and December 2017. From here that would be ~$370K. So it's really not that crazy.

Personally I'm hoping things will progress more slowly, with a bit more 2016-style consolidation below the previous ATH. I'd love to see S2F get invalidated and PlanB's followers capitulate, and then see the market bubble up to $300K 6 months or a year afterwards. Tongue

Yes but back in 2016, how many people do you know that have heard of bitcoin prior? Unless you mentioned to your friends or family , most people never heard of it before. Now most people have heard about it one time or another.

The adoption that happened in 2017 was huge compared to the past and I think its also larger than the adoption that we are getting now. This huge surge of new investors is what brought BTC from $600 to $20000 in such little time. Now however look at Google trends for "bitcoin", not even close to what it was before.

In my opinion you're thinking about this too rationally. Markets, and especially bubbles, aren't rational. Assuming that every exponential growth cycle must be significantly smaller than the previous one is going to leave a lot of people selling their coins too cheap.

It really doesn't matter how many people have heard of Bitcoin. No matter how huge you think adoption was in 2017, only a small minority of people actually own BTC. The same goes for institutions, and among most institutions that are invested in crypto, it constitutes only a tiny fraction of their portfolio.

We haven't even arrived in the early majority. This is still the early adopter phase. Wink

I also think people tend to focus way too much on the demand/adoption angle, without considering the supply side. The collective refusal to sell (HODL!) is an extremely strong force for price.

OgNasty

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It looks more likely by the day that we hit 200K in 12 months. Watching the market factors that power this increase as the 4-year fractal repeats itself is always extremely interesting from a financial learning perspective.

adaseb

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Quote from: exstasie on November 12, 2020, 05:44:03 PM

Quote from: adaseb on November 11, 2020, 10:45:27 PM

I have been hearing about his model for many many months. Is it possible? Sure it is but I don't think it can be achived in such little time such as 1 year. Maybe 4 years or so. And I think $288K is a stretch.

Bitcoin went up almost 23x between December 2016 and December 2017. From here that would be ~$370K. So it's really not that crazy.

Personally I'm hoping things will progress more slowly, with a bit more 2016-style consolidation below the previous ATH. I'd love to see S2F get invalidated and PlanB's followers capitulate, and then see the market bubble up to $300K 6 months or a year afterwards. Tongue

Quote from: adaseb on November 11, 2020, 10:45:27 PM

This model has to eventually fail, if it doesn't then by like 2025-2030 it will predict like $50 million BTC/USD which is just not possible.

Agreed.

Yes but back in 2016, how many people do you know that have heard of bitcoin prior? Unless you mentioned to your friends or family , most people never heard of it before. Now most people have heard about it one time or another.

The adoption that happened in 2017 was huge compared to the past and I think its also larger than the adoption that we are getting now. This huge surge of new investors is what brought BTC from $600 to $20000 in such little time. Now however look at Google trends for "bitcoin", not even close to what it was before.

That's why I don't think we will see the 23x as we did in the last cycle. The paypal route is great because it makes it easy to buy and hold BTC. So the onramp is enabled for millions and they don't need to open a exchange account. Even my dad has a Paypal account and he has no idea how to use a computer pretty much.

The slower progress would be good however BTC whenever it breaks ATH, it usually moves exponentially up. Usually it progresses slowly when it reverses from the bear market. However who knows, maybe this time it will be different.

exstasie

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Quote from: adaseb on November 11, 2020, 10:45:27 PM

I have been hearing about his model for many many months. Is it possible? Sure it is but I don't think it can be achived in such little time such as 1 year. Maybe 4 years or so. And I think $288K is a stretch.

Bitcoin went up almost 23x between December 2016 and December 2017. From here that would be ~$370K. So it's really not that crazy.

Personally I'm hoping things will progress more slowly, with a bit more 2016-style consolidation below the previous ATH. I'd love to see S2F get invalidated and PlanB's followers capitulate, and then see the market bubble up to $300K 6 months or a year afterwards. Tongue

Quote from: adaseb on November 11, 2020, 10:45:27 PM

This model has to eventually fail, if it doesn't then by like 2025-2030 it will predict like $50 million BTC/USD which is just not possible.

Agreed.

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Quote from: plr on November 11, 2020, 08:32:18 PM

I don't think we can take this guy seriously because he did not challenge himself to eat his dick if his prediction did not come true, John McAfee did, so many speculators so many predictors, I don't want to ride on that kind of prediction but of course, will be happy if it reaches to that level, 2021 that's only two years, he has two years to convince whales to buy his prediction.

The prediction of McAfee for bitcoin to become $1M at the end of 2020 has already been ignored by most. And this guy doesn't have to create a challenge like that because it doesn't make sense anymore.

He's only relying to the stock to flow model and that's a very popular model and chart if you are about to search it. The predictions using that chart really shows high price. You can believe or not but, as you know, holding is holding whether you hold for a year or two still you will surpass 2021.

royalfestus

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5 years ago people dont really believe most of the prediction with 10x-20x even in 4 years but now we can predict more than the 20x in just 12 months time. This time we are expecting 20x in $150k add-up, what a ridiculous achievement it will be, all by just waiting patiently. The market is bigger now, more traders, exchanges, Institutional investors and more coins. These will bring huge fund when the FOMO starts, We will have the Bitcoin rally before the alt season, I hope.

Topic: BTC $100K-288K before Dec2021 ? (Read 650 times)