Topic: BTC $100K-288K before Dec2021 ? - page 2. (Read 650 times)

Even though 2014 had the needed pump to bring in more investors and newbies, 2017 and 2020 would always be remembered as the game changer in the history of bitcoin. With the year nearing its end back in 2017, bitcoin had been trending globally and the price was highly speculative to make a bet. Back in 2017, no one really got to know why bitcoin was rising other than a few huge pumps and dominance from the shitcoin market. Now in 2020, we are experiencing another high but we are globally facing a lot more problems than what we had in 2017. Covid has changed the job market, US elections are swinging like never before with Trump not conceding the election results and more importantly there are more people searching for job instead of creating one. We never really know when we would recover from virus and get back again to the normal state as we were in these past years.

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.

We will see many speculations about the bitcoin price soon, especially if the bitcoin price increases again. The volatility of bitcoin will be like that, and we need to watch closely if we want to use the volatility for our benefits. I hope that bitcoin will grow in the next 5 years, and many people from all countries will know and use bitcoin because bitcoin can give them benefits to make money, and not just for the investment.

There is no doubt that ICO was at its peak just at the time of the last ATH, but also that it was at that time that it was announced that CME would launch Bitocin futures - which many inexperienced people replaced with BTC ETF. Given that there was no pandemic then and the world has recovered considerably from the economic crisis, many small investors have invested in BTC - as evidenced by millions of newly opened accounts on crypto exchanges.


Although some may have thought that BTC could independently conquer fiat, banks, PayPal and everything else - for now it is not possible to exclude all of them and achieve adaptation. Most, however, are not technically so literate that they know more than just turning on a computer and running a browser, and for them, the services offered by PP or banks are an easy entry into the world of Bitcoin. Once they understand the difference between custodial and non-custodial and "not your keys, not your coins" they will easily switch to proper use.


Hal has already entered the legend, but I think it is not realistic to expect BTC to become the world's major currency. The world would really have to change drastically to accept this, and we all know that the world’s greatest powers like the USA, China or Russia are very aggressively protecting their national currencies. They are in a way part of the identity of a nation, so that is understandable - and I personally, although I live in the EU, do not consider the Euro desirable and I would like to keep my national currency.

what to say again, this time many people speculate about the price of Bitcoin, starting from $ 50k, $ 100, and now $ 200k,
for me everything is possible, keep in mind the volatility in Bitcoin is very high, we also will not know the fate of bitcoin In the next 5 years,
there will be obstacles to cryptocurrencies, regulations, criminal acts, and of course other factors that make crypto currency prices fall,
my advice is to do a proper analysis, don't get your hopes up, this is not 2010.

Never thought btc would touch $20,000 when I first got to know about it when btc was around $2,000. I would agree with your opinions here and the market maturation is very much different than what it was during 2017. 2017 was fueled more prominently by scammers like bitconnect and shitcoiners but in 2020 we are watching the real adoption in terms of PayPal and Square investing in bitcoin. It is very much true that, the history is repeating itself : Back in 2011 we dumped and pumped and it continued again with 2014-2017 dump and pump and again in 2018-2020 with a dump and pump. Either way, we are seeing more and more adoption, new highs etc.

+1 with this. PayPal moving over to crypto has been a really good welcoming change and Square betting on Bitcoin for long term has increased the confidence over bitcoin by newbie investors. Well these are the primary factors for bitcoin reaching $16k today and I believe we will be watching new highs this year. But what I meant was, these factors alone doesn't bring BTC to touch the $100,000 mark. We should be having real adoption where people buy almost all the basic utilities through bitcoin and for this to happen we need side chains like lightning to take over onchain transactions.

Right at this moment, after bitcoin touching $16k level I am remembering Hal again. In the mailing list, Hal writes :

One simple question, did you think it was possible that during 2017 1 BTC would reach a value of almost $20 000? Rare were those who in their speculations mentioned even half of that amount, but it still happened which is an indication that nothing is impossible. When you mention trillions, it may sound like a lot - but huge amounts of money (about 5 trillion) are practically nowhere (not invested), and just look at what companies like Grayscale are doing and that a trend is slowly emerging that leads all companies to transfer some of their funds to Bitcoin. Just imagine how many adaptations will happen when each of the almost 350 million PayPal users will be able to buy BTC through that platform, and pay for it in tens of millions of places where PP is available? Can't all that and what's yet to come up may result with $100 000, which is just a little more than 6 times the current price?


Bitcoin is not just a currency, and it is more than evident that it is mostly used as a store of value and that this is what gives it value. Of course, it would be desirable to use it as a currency when possible - but I have no doubt that this will also happen when LN becomes something common, and that is what users want, cheap and instant payments.

The target to sell should be depending on your entry point and what you want as a goal from bitcoin. If you want to retire early that means it doesn't matter where you get in, you could buy right now at the highest price in recent years and you could still wait 10-20 years and retire early (depending on your age obviously) and that will be fine because in 20 years bitcoin will certainly be at least 10x and if you get some other altcoins you could make it 100x as well.

However if we are talking about short term profiting you should change your entry point and exit point accordingly, not every person can get out at $20k, maybe that person bought at 19.8? Why would he sell at $20k? Or maybe he got involved at $3k? Why should he wait for $20k? He could but he doesn't have to.

Good. We need to have our own target to sell bitcoin, so whenever people out there tell their prediction, we will not think much because we are waiting for our target sell price. We don't have to feel annoyed or bother with their speculation because I think we may get something behind on their prediction, which will be useful to us.

If the bitcoin price can really increase to $100K-288K before Dec2021, I am sure that we will be happy to sell bitcoin, even in the smallest part of bitcoin, because that really means for us.

Here is the thing. Most of us know that it won't be easy for bitcoin to hit like $250K and stay at that price. Remember what happened when we hit $20K last time, we stayed above $19K for maybe 24 hours. And after that we quickly went below $17K and if you got lucky you could of sold at the high $16K. So getting to $250K and stay above $250K or even $100K is a different story from it wicking into that area and trading there for many weeks/months.

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. 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. It worked for the first few halving, maybe it will work during this halving , who knows.

After ignoring some of the factors that have been mentioned, then you will realize that all forget about prices that are high again so still all that requires a process not just words, analyzing charts and other effects is not possible because predictions always miss market movements, then I'm not really sure except telling time where the price will go.

At the current price that has gone up, I am still watching for several factors such as fluctuations and some that cause the price to fall that is what we need to be aware of because everyone is always thinking about big risks.

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.

S2F will be a self fulfilling prophecy

I believe these people overlooked the chart too much disregarding the entire effect of market fluctuations and other factors. Thus, this thread is obviously want to gain some FOMO but why would people believe to some random people whose name wasn't even that popular to us? Yeah, I may agree that it is not impossible but the time frame of gaining that price is just off the chart but maybe 4-5 years from now we might see that 6 digit price they have all been waiting.

It is not impossible in a bitcoin that moves so fast when the green light has started, it might happen one year from now but what is the prediction with analysis? Of course, obstacles will be faced by various kinds of bearish markets, news from FUD or cornering cryptocurrency, of course there will be so that the uproar can occur and lower the bitcoin level to the lowest level. so the whales can take everything they want in controlling prices.

But for me it still won't happen even though some people believe it is not an easy thing, therefore we have to make bigger corrections about the price prediction that is too distant.

I never replied without reading the thread first, you don't need to tell me that thing, mate.
What I'm talking here is only about what I've quoted, "the analogy of a star colliding with a black hole".
I've seen various kinds of BTC price predictions but never saw this one. Not sure how he wants to make it, but I doubt the analogy.

By the way, before you replied to my comment, have you understood what I wrote exactly?

Who said don't want to see that thing?
Not a single word on my comment implies a refusal of a high move on BTC price.  
What I responded is his way of predicting the possible price of BTC in the future.

Do you get my point @Kemarit?  

Everyone is aware of the bubble and i do believe that people invest in bitcoin knowing this fact and if you are smart enough you can make a hefty profit during the rally and so is the reason many institutional investors are investing millions for the past few months and these institutional investors are also aware of this process, we will hear about the bubble and that is it, smart move is to ride the rally .

Even on the pricing im not really that believing much on reaching that 6 digit price mark.Not to be bearish but it seems too far for bitcoins price to reach up that high unless
if in total global adoption then plausible but still questionable.

With the time frame given on year 2021 then its really too short or not really that realistic at all.Come to think that we did even have a hard time to reach that previous ATH.

How much more on thinking or presuming about 6 digit price in one years time? It isnt bad to be bullish but always consider on giving out some realistic numbers basing of on the current condition
and even determining on what happened in the past.

He could be right on pricing but knowing the exact time frame is not especially realistic.   Just saying it happens any time this decade would be enough of a projection, I dont agree its clockwork.   The protocol might be self regulating in an attempt to provide some certainty in its regularity of supply but the people and surrounding economies including dollar itself will be erratic.
   What this guy or anyone similar is really doing is calling a trend, which is great and I agree thats feasible but the timeline should be far more loose then this imo.    We can still half in price from here, go back to 3k however improbable that possibility does remain as part of the range of outcomes near-term.    The more frustrated speculators become and extended in their expectations the greater the fall out from that hot money is; this leads to some selling overall and so on, hence its always cycles repeating.

This article I just read on Crypotpotato fits perfectly to this thread discussion:

Bitcoin Moves Like Clockwork After The Halving, Says Stock-To-Flow Creator

'coz the market does not behave in such way; nature of inconsistency due to volatility. The market price never became consistent to both downfall and price increase. What happened on the previous ATH is already an example. There was a huge increase in its price from the past but take a look of how the market price became just in an instant. That market price is too much especially if you would base in its market value at this moment, and to the number of downfalls it's market price have experienced before again getting close to such price point.