Topic: BTC 100K FOR 2024 ! - page 2. (Read 2193 times)

I don't know if we need "cryptocurrency" payment systems, but if you are referring to bitcoin, then perhaps?  There are always ongoing developments in bitcoin, and surely there can be questions regarding how user-friendly some of the systems happen to be, while at the same time, there are some battles that seem to ongoingly be taking place, and so sometimes normies might be reluctant to attempt to integrate some of the systems that might interact with legacy systems because of a lot of variance in terms of regulatory matters..  A vast majority of countries are likely not even close to as open as El Salvador in terms of trying to keep regulatory obstacles to a minimum, and so there can be other solutions that allow for bitcoin transactions to happen without necessarily interacting with legacy systems, and maybe that might be where crypto could come into the scene.. but I hate to imply that shitcoins are even needed when bitcoin has systems that are being built and tested in lightning systems, but surely there may well be experiments that are needed when it comes to both user-friendliness and achieving higher levels of adoptions that might relate to wider sections of the population getting tempted to use various bitcoin systems.. beyond merely storing value in it.. and even storing value is not a bad thing.. but I get your point in regards to usage potentially helping bring awareness and potentially getting more normies involved in bitcoin and incentivized to learn more about it.


You may or may not be able to buy BTC back for a price that is less than the amount that you sold, including at around $100k, so any calculation that you make in regards to whether and/or how much you sell should include considerations that you may or may not be able to buy back the amount that you sold, especially for cheaper than the price that you sold them at.


I do not disagree with any of the thrust of what you are saying sokani, yet there can be ways to attempt to do all of the things that you discuss including having a regular DCA and then having various amounts of cash that is in reserves in case the BTC price happens to drop and to have buy orders at various price locations on the way down (or to watch and to conduct those buy orders manually).  Accordingly currently the 200-week moving average is currently at $27,098, and so the extent to which we might get BTC prices below the 200-week moving average beyond spikes do not seem to be high probability events, yet of course, there are a variety of scenarios that could end up playing out that are not easy to calculate in advance, so in several senses, it remains a decently prudent and practical strategy to attempt to prepare for a variety of scenarios while realizing that whenever we attempt to prepare for a variety of scenarios, we are going to end up somewhat diluting our BTC investment.. and so we have to attempt to plan and to employ a strategy that is sufficiently balanced for ourselves in such ways that we ar not going to be disappointed with our attempts to do the best that we can with the resources that we happen to have.  

I agree with you. A lot of sceptics have not decided yet because they are looking for the bottom to get in or should I say the bottom of the bottom, not knowing that they are not really late. They still think that the price could take a deep to $20k or $25k, not realizing that the price has taken off and might not come down. Even if the price were to down to $20k, which is very unlikely, if one has the money why not buy and hold since you are still going to make a good profit out of it when the bull run finally kicks in or just do a DCA and be accommodating gradually until the market is bull.

Lol, it's just all about expectation, hope, and speculation. Whoever wants to get disappointed chose that for themselves. I know that it has been said here countless times that Bitcoin investment is not just what one should cast all their hopes on, as there's no guarantee that one can make profit at their own pace. I have also been living in so much speculation like others, but it's not even as if I already have a certain goal set aside to do with my profit if Bitcoin gets to $100k next year or 2025. I'm just there; unless I see a very high price, like $100k, I can sell some percentage of my holding and wait for a bear market, then buy back to increase my holding. Like you said, it might break a new ATH, but what if we only experience a bull run of, let's say, $60k–69k? What if there's no new ATH after the next halving?

That is because you have not really had too much of an expectation. Let us say, for instance, that you expect the bitcoin price to be circulating at the range of $100,000 at the beginning or 3rd quarter of 2024, which makes you invest heavily more than you have planned for with the hope of getting a huge profit when the price hits your expectation on that presumed date, but the reverse becomes the case; instead of seeing $100,000, you are seeing below your entering price, which will be a loss on your side. In such a scenario, we could see that having high expectations has actually led to disappointment.



There is always a reward for those who know what they want and remain determined to achieve it. Spending so much time thinking about how much bitcoin could be accumulated and working towards that goal is better than spending so much time thinking about how much could possibly be made in a short period of time using bitcoin as the medium. When we focus on buying and storing, we happen to see profit most times when we least expect it, which is what I believe you mean by bonus and reward paid off.

from my previous experience, I never felt disappointed with the expectations I had from bitcoin, especially when the halving came. Either there may be different experiences felt by others, or either my expectations are not as great as others as you say.
When the bullrun arrives, it is a bonus and achievement for people who spread wait and continue to buy when the bear market occurs, and not only is it a bonus from doing that, it is also a price paid for loyalty in holding bitcoin for a long time. We will see 2 people when bitcoin reaches its ATH, the first those who smile, and those who regret. I'm sure you know what I mean. 

Halving being around the corner is what has given so many people high hopes for expectations, but let us not expect a very big move on that halving year; too much expectation is what led to disappointment. In the halving year, we might just experience some positive price impact, but bitcoin might not be able to break into a new ATH that same year, although there are greater possibilities for that to happen. I expect a huge move to come from the end of the halving year to the upper year, which is 2025. That is when I expect the impact of the halving to show deeply on the bitcoin price.

Good analysis I must admit. From technical point of view, we are on our way up and the wise thing to do now for anyone who believe in this technology is to accumulate more.

Furthermore, I feel we need more uses for BTC to be fully confident in what we are projecting. More people and institutions have to see the need to integrate cryptocurrency payments systems conveniently. This comes with more effort and this is where those of us who believe in this technology have put effort at educating people in this regard.

In all, I truly feel lucky to have joined early!

I believe that I have adequately described what I meant.. which is largely the idea that the BTC price passes through prices around the old ATH with very little resistance.. and sure there can be resistance, but there is a tendency for there not to be resistance.  You can look at the ATH of $32 from 2011, the ATHs of $263 and $1,163 of 2013, the ATH of $19,666 from 2017, and so now the new ATH is $69k... and let's see what happens?  You want to fuck around with selling too much bitcoin between $55k and $85k, then good luck with that because those prices are likely pass through zones, and also no guarantees, so you can do what you like in terms of managing any BTC sales that you might make and if you expect to be able to have any potential of buying them back, especially if you sell within the deadman's zone.

Are you feeling lucky, punk?

I don't know much about this deadman's zone that you're talking about, it's my first hearing these but I assume that it's a plateau in the market that you're talking about or something like a price ceiling breaking idk. You pretty much answered your question regarding the theory ever holding up in your first statement. New ATH brings new deadman zones which means that the previous deadman zone is broken and that the next one won't be or there's really no deadman's zone, it's just a bunch of people believing that bitcoin will hit X price range but got disappointed because it didn't reach what they expected it to reach.

As halving is scheduled for the year 2024, there is big expectation with the price of bitcoin reaching the peak. We don't know how good this gonna happen, but the hope and the previous history of price movement around the days of halving makes everything on the positive side. Bitcoin in recent months haven't come across big news to have negative or positive impact which is why the market is moving in a stabilized manner. Lets see what 2024 can bring.

Like you said there are some people who still believed that 30k is still high to make an entry why because they believed that market could still go more dipper without knowing the market is so unpredictable and most especially is being driven by news, and to whenever it gets spike to what we can't comprehend is then you would noticed such people keeps grizzling for their lack of faith and trust toward not holding or attempting to buy at least little portion of it.

As cash keeps following the right investment is to buy as a strong supporter of bitcoin, including me that is posting also trying as much as I could do to expand my capacity of holdings to be able to get ready for the next halving maybe who knowns what could be the outcome but, as few people did say they had to be optimistic, meaning being positive that something good will likely happened, so it is when it was created and people never believed it could get this high that is why those who never chooses to maximized the opportunity today are still procrastinating till date.

Actually I think it's a hope not that 2024 is really going to be a certainty about the bullrun to reach $100k but the hope is there because of course in this case the benchmark is probably to the halving and when that time happens of course there has to be some indication to make bitcoin lift and 2024 is a big hope before the halving comes.
But regardless of whether that happens or not we still have to wait and I think it's still worth it to look forward to. As for when it doesn't happen, I think it's not a problem either because sooner or later the bullrun will arrive and $100k is still very possible to happen.

No one can know or predict the market with 100% accuracy, but by doing some analysis of market behavior in the past or recent years, we will at least know where Bitcoin is going. Well, I have heard from several sources including experts saying that Bitcoin will be able to touch $100k during the halving in 2024, and with this news I see many of them increase the value of their investment. But so far I can't believe it for sure because there hasn't been any movement that shows it for sure.

Indeed, if we look at the current bearish position of Bitcoin and it is still far below it, it is still far enough to touch the forecast. In my opinion, with the current conditions that are still bearish, it is unlikely that Bitcoin will reach a price of $ 100k at the 2024 halving, but it is still possible for us to hope for more, because as mentioned above, no one can know or predict for sure and Bitcoin itself is so volatile that there could be something surprising from a significant bearish to bullish price swing in the future, we'll see.

Me, $100K will definitely be a new milestone but not sure when the right year will be, I'm just optimistic as a bitcoin HODL.
The 2024 bitcoin halving - there might be a reaction in 2024 but I think at the end of the year towards 2025 that will be a bullish year, for me this is not too important to think about now.
I just want to keep adding to my bitcoin holdings as much as possible, $30K is still very low I'm still trying to keep the DCA going from what I earn each month depending on cash flow.

Of course, every single time that there is a price rise that gets close to or exceeds the prior ATH can be different.

And, it seems to me that there frequently forms a bit of a deadman's zone around the previous ATH.. but even a deadman's zone could end up failing.. and so it might be difficult to measure and/or determine where the deadman's zone this time around might be.. so any of us might make a kind of rough estimate regarding where it is.. which I would tentatively consider our current deadman's zone to be between about $55k and about $85k-ish.. .. so that largely just means that it is a kind of pass through area.. but if it fails (like it seems to have had done in late 2021 when it failed to get to $80k-ish), then the BTC price ends up correcting, and the theory about the deadman zone ends up not having had applied to the BTC price dynamics that time around.

Will the deadman's zone theory hold up this time or not?  The answer to that question is still to be seen...and I doubt that it is even an all or nothing bet... maybe it just slightly increases the odds that the price will pass through the zone without correcting?

What significant improvement are you talking about? People during the last bullrun didn't expect bitcoin to go much higher than 30k iirc, they were expecting it to go there or go a bit higher then plateau for a long time there but then they were surprised when it got to that price so you doubting the possibility that bitcoin will go higher than it's peak and that it has to do some big adjustment to break out of the 30k price range isn't the best mindset right now. I assure you that when that bullrun happens, I assure you that 70k will be an easy to break price ceiling for bitcoin.

Take my word with a grain of salt though, bitcoin can still surprise people by being stagnant when a lot is expecting it to pump so high. Maybe we will witness something new in this next halving, and that it's not going to be the same halving as the previous ones.

Yes it is very difficult to predict the market, it is impossible to tell when the market will go up and when it will go down. Although many studies predict that Bitcoin will be worth $100k in 2024, it is not clear how certain it is. However, if the Bitcoin halving happens in 2024, it can be confirmed that the Bitcoin market is likely to grow again. Although the Bitcoin market is currently in a bear market, it is expected to turn into a bull market after the Bitcoin halving.

It is very difficult to predict the exact future of the crypto market because there is always volatility in the market. Although it is impossible to predict the exact price of bitcoin in 2024 with certainty, various research studies have attempted to provide estimates based on historical data and current trends. I don't think $60K was the top. Bitcoin price may go higher because I don't see the type of trading that usually happens after the ATH red dot. In fact the bear market is only a few months away from the blue point.

The $100k target is a pretty modest target for bitcoin and I think the new ATH will be much higher than that. But I think like you, if we still believe history will repeat itself, then 2024 is not a bullish year yet. If I remember correctly, the bull season will only come 1 year after the halving takes place. That means we will wait until Q2 2025 to see strong market growth, and bitcoin will make a new ATH in Q3 2025 as always before we enter bear season another in 2026. Of course, these are just predictions based on history, there is no guarantee everything will repeat.

If you remember about the last bullrun that ever happened to Bitcoin, of course speculation for a price of $100K is not excessive for Bitcoin. But when it is said for next year, I think Bitcoin still needs some significant improvement in this year so that next year Bitcoin will be at a much bigger price than now. Because if it's still in the $30K area, of course it will be very difficult for Bitcoin to reach $70K again when it enters the bullrun period next year, although it is still very possible for Bitcoin to happen.