Topic: BTC 100K FOR 2024 ! - page 4. (Read 2193 times)

And this is where the most interesting point is, when people dare to bet on gambling then why not dare to bet to invest Bitcoin for the future. I always make such comparisons when many people, including family and close relatives, are basically no strangers to the world of investing or getting into the world of gambling. I always challenge them on the strong pretext of Bitcoin, the trick is that they allocate 2 budgets (1 budget for gambling and 1 budget for investment), taking a term every 3 months.

After that we discussed who had survived and who had fallen into the abyss of loss. That's how to motivate my next of kin to be more investment sensitive in this particular way to specialize in Bitcoin. Do you know that for the past year and a half I managed to prove it. LOL

This is only a small part of the evidence where when we are sure and know how important long term investment is as a lesson for others and especially for ourselves so that we can appreciate whatever amount is cultivated since childhood, it will gradually become a pile of beautiful hills.

When you wrote 2021 above?  Were you referring to 2024?  or another year?  2021 seems to be a mistake.  At this point the halvening is expected to happen around April 2024-- and so the BTC price could go up before the halvening or it could go up after the halvening.. and of course, the BTC price might not go up at all, even though surely the halvening does create some pressures on the current supply issuance getting cut in half... so going from around 900 BTC per day to around 450 BTC per day.

In terms of your assertion about the current BTC price dynamics, why would you expect BTC prices to drop below $20k?  that would be more than 25% below the current 200-week moving average (which is at about $27k) and it is moving up around $14 per day.  Recall that our current low price of BTC for this cycle was $15,479, which was around 35% below the then 200-week moving average of $24k-ish.

Historically it has not been very common for the BTC price to go below the 200-week moving average or to linger below the 200-week moving average for very long.

Sure, there are no absolutes in bitcoin and past performance does not guarantee future performance, but still it seems to be quite wishful-thinking to be expecting BTC prices to go significantly below the 200-week moving average again.. beyond maybe some flash crashes that may or may not end up playing out.

In Bitcoin's history, we frequently have bitcoin bears and/or naysayers waiting for lower BTC prices that do not end up happening.. and some of those guys get reckted as fuck from their either failing to buy BTC and/or their failure to adequately/sufficiently prepare for UP.

Surely some innocent folks get caught up in such fantasy predictions by selling their BTC too.. but probably the more common failure that people can rationalize their missing out of the gains that end up happening, but they did not have many (or any) BTC (or enough) in order to really profit (or be advantaged) by what the BTC price ended up doing, which is going up.


I don't have a problem with taking small profits, such as raking off 10% every time the BTC price goes up 100% - but still there are needs to be careful NOT to sell too many BTC, and also some people hold BTC for several cycles through the UPs and the downs, and those people have profited a lot  - and frequently better than those who are fucking around by getting in and out of BTC and then not having as many BTC as they could have had or should have had if they had a strategy that more stringently focused on accumulation and HODL rather than fucking around with selling and expecting to buy back cheaper and it might not end up happening.


Sure 2x or 3x or even 5x-20x seem within reasonable possibilities, and of course, the lower numbers would be more achievable than the higher numbers, even though the higher numbers are not out of the question... even though I do get more nervous to try to measure expectations of future BTC possibilities from top to top, because tops surely can end up being quite erratic - even though historical BTC price tops are valid measurement points, so we could measure from top to top and see that the top to top measurements are mostly going down with the passage of time, but they are not guaranteed to go down for every cycle.. and it is not even guaranteed that we would have a top that is higher than the previous top within a cycle or two, either, since bitcoin still is quite early in its adoption, and we have quite a few large holders of BTC - and maybe some of those larger BTC holders would end up selling some of their BTC if the BTC price goes high enough.. and surely there are BIGGER and BIGGER entrants coming into BTC (and even a variety of financialization tools that can affect the BTC price in either direction), while at the same time, more and more retail (meaning normies) is coming into BTC too.. so each of those new types of entrants contribute to upwards pressures on the BTC price. 

So yeah, I am with you bitterguy28 - considering the top around $100k for the next run seems like quite a whimpy expectation level, and perhaps a lot of whimpy folks will be selling way too much of their BTC way too soon, and what else is new in bitcoinlandia?

We have a lot of bitter no coiners and low coiners in the bitcoin space who sold way too many of their BTC way too soon because they thought that they were the smartest guy in the room, and they might have been correct about their sale for a shorter period of time, until they no longer can buy back their BTC at the price that they sold it for.. Such a thing of selling way too many BTC too soon and failing/refusing to buy back has happened many times in bitcoin, and who knows whether it is going to happen in the same kinds of ways again, or not?


Yes.. exactly.. there are needs to act.. rather than just theorize, and if you act in such a way that is NOT very realistic (such as failing to actually buy BTC in a relatively aggressive way - in the event that you do not have many or any BTC), then you may well end up panicking and/or regretting at a later date... So there likely is a need to study bitcoin enough in order that you can figure out how aggressive that you are able to be without being too aggressive, because no one wants to end up fucking up on a historically great investment (such as bitcoin) because they failed to manage the level of their aggressiveness in a prudent and reasonable way.


These are good points too... so yeah, if we have been in bitcoin for a while then we may well have been stacking sats for a while... but if we are newer to bitcoin, then it does seem like it would be a good time to get into BTC - even though no one really knows the future with any kind of level of certainty... so there is a kind of dynamic that they might well end up becoming more bullish about BTC later down the road, after the BTC price runs up for a while - which surely is not as good of a time to be buying bitcoin as now, but people will do what they can, and sometimes get emotional about their failure/refusal to get sufficiently aggressive earlier in the cycle.. such as now.. as compared to later down the road.

Whatever the Halving target will be, I will always feel lucky because in it having a large-scale investment method, there will be various advantages which if put together it is clear that I am quite satisfied. So the problem is not how big the price of the upcoming halving is, but how ready we are for this momentum. If we just say this and that but the implementation doesn't start from now on we will only be spectators.

You believe in ATH Bitcoin, so even the smallest amount must have started a long time ago. Every 4 years while 2023 is the most perfect year for every investor who wants to invest in Bitcoin, both beginners and those who have been in the investment world for a long time. You've also heard about the DCA strategy a lot since I don't care how much Bitcoin is bought, because as long as I can still buy before ATH that's as long as the opportunity is wide open. Every cycle has its ups and downs, but after ATH we seem to be reborn to start investing more than before.

Despite that this thread has been old and equating the value of Bitcoin now to last year what we experience last you it's more of Bitcoin get positive in value compare to before, what I know is that everything we are discussing now is based on assumption and speculation and Bitcoin might reach sixty thousand in value and if probably it doesn't not meet to reach such value this year definitely with the adoption of bitcoins i think it will experience forty thousand (40k) in value if I'm not mistaken.

your question or title is 2024 but you posted in 2023 , but indeed 100k in 2024 is not impossible to happen , we even reached 68k in 2021 why not after halving next year can make it double or even triple of the past ATH?

I am the one of those who trust this market that will bring me another chance to multiply my folio and with bitcoin in my account , there is no way that I will be losing that expectation .

I like that you use the statement "should be more" ,how are we going to know that it will be more? Meaning this is all probability still, what will happen if you expect Bitcoin to reach 100k and it only reach like 80k? This is why it's good to start taking profits like when you keep DCA into Bitcoin, start talking profits over time so whatever happens you are going to be in good hands.

An investor with no profit taking plan in a bull market won't make any money even if they have keep accumulating Bitcoin throughout the bear market.

it seems that the movement of bitcoin for these months will be corrected and increase when entering the end of the year, in order to prepare for when it will enter the era of the halving period. with the current price in the $30K range, there will be a correction that will not drop below $20K and then increase again until the end of the year in the $40K-$50K range. so that when entering the era of the halving period to reach $ 100K which is expected to occur in 2021 it will be fulfilled and a year later a renewable ATH will be formed.

There are many predictions that make us happy about the future of bitcoin, when there is no big scam case then I'm optimistic that bitcoin will slowly recover, even though currently it's still around $30k but I'm sure the end of the year can reach at least $50k so when the halving day occurs it will it's easy to reach $100k.

No one can predict accurately what the price of bitcoin will be in the future. We can only speculate and of course sometimes these speculations do not fully correspond to reality. If we refer to the bullrun period, especially the previous halving, indeed many people assume or speculate that in 2024 the bitcoin price will reach $100k. However, we should not expect what happened in the past to be the same in the future. Therefore, let's see how far the bitcoin price will go in 2024. Can it reach $100k or only $80k.

Cryptocurrency market always unpredictable. Any time anything is possible in this market. But my thinking Bitcoin price will increase more and more. Because it’s quantity is limited. But it’s popularity and usability increasing day by day. 2021 Bitcoin price touched $69k. So i think it is possible to hit $100k within 2024. After pandemic bitcoin price huge dumped. Now pump started. I think we are in bull session. And many good news seeing. Recently xrp win against SEC. So i think bitcoin price will increase for this good news. And it will continue this pump train. I strongly believe within 2024 Bitcoin price will touch $100k within next year.

Taking profit is necessary when Bitcoin has created New ATH,  Yes for me will exist gradually, DCAing out just like the way I DCAed in, and I will make available a portion of my Bitcoin which I'm ok not being touched regardless, and should the price keeps increasing it will be in my favor being that I did not exit the market completely.

I dont really have that much interest on looking on other those so known people about speculations and price predictions but this one is really something that within realistic approach.

$BTC: ‘Rich Dad Poor Dad’ Author Predicts Bitcoin Surge to $120K as BRICS Prepares to Launch Gold-Backed Currency
Source

$120k is indeed a realistic price for us to reach on next year 2024 but we cant really tell if it would really be going into certain extent on breaking out those resistances above.
If people would be taking up chances on buying as of this moment then this is the right time on doing so. Dont let ourselves get left behind the train
once again once it do starts on moving forward.

agree with you, everyone wants that bitcoin can reach as predicted in 2021, which is estimated to reach $ 100K even though it doesn't happen and it is possible that bitcoin will be able to do this when the next halving era is over, where maybe the newest ATH will be able to more than that.
because an increase in bitcoin will attract all coins that have a good reputation to also move up, so that those who have been investing in altcoins can also enjoy this increase. based on past experience that has been done by bitcoin which will always repeat the events that have been done where bitcoin always increases when the halving era is over. we will wait for that and hope now to continue adding/buying potential coins so that there is also an opportunity to receive profits.

The worst possible approach to DCA is to go all in at 100% because for any sell order, you created someone else is accumulating and as long as you let go of your Bitcoin holding there is the possibility that you may not be able to buy at that price again for a very long uncertain time,  so it is better to continue to hold a higher percentage of your holding in bitcoin and DCA as much as you need to settle the bills.


This is an approach every long-term Bitcoin investor needs to apply in other to arrive at the long-term potential accumulated bitcoins.

I was a little bit confused by your use of the term "bitcoin Marxist," but when I read further through your post, it seems to me that you meant to say "bitcoin Maximalist" not "bitcoin Marxist."


In other words, you seem to be focusing on bitcoin first, and considering bitcoin as the better of the investments (as contrasted with getting distracted into various cryptos.. or shitcoins... yet in the part quoted from me above, I am trying to refer to trying to engage in practices that do not necessarily involve selling your BTC unless you have reached a certain level of BTC accumulation in which you can comfortably start to feel comfortable selling some of your bitcoin when it reaches certain levels of profit, but still mostly maintaining a lot of your bitcoin stash rather than selling it.


Yes... even though profitability is NOT guaranteed, but still if we have a decently long investment timeline, it may well be the case that we are able to profit quite stupendously from a philosophy and practice that largely involves ongoing and persistent stacking of sats.. which are likely to become much more expensive with the passage of time.. especially if we are considering many years down the road, whether that is 5-10 years as you mention or perhaps a bit of a longer timeline, if you are able to have such a potentially longer timeline.


I believe that it is not good to proclaim that people are not going to be able to buy bitcoin in the future or that they will not be able to afford bitcoin or that bitcoin will not be a good investment in the future. 

It seems that the fact of the matter is that bitcoin is designed to pump forever.. (or go up in value forever), and even though it is likely going to cost more money in the future to buy the same amount of sats that we are able to buy today, it still is quite likely to be available for anyone to buy, even if they are likely going to have to pay more for it in the future as compared with how many sats they are able to purchase today with the same amount of value.

In other words, it is likely always going to be a good thing to invest in bitcoin, whether now or in the future, especially for anyone who happens to be a no coiner or a low coiner, even if it is going to cost more money for them to buy sats the longer that they wait, and sure some people are currently not able to buy BTC because they are too young, they do not have income or maybe they have not been born yet, and those people are still likely going to want to accumulate bitcoin in the future and to attempt to hold bitcoin as compared with other places that they are going to be able to place their value (their time, their energies, their finances).


Those all sound like good plans - because it is quite possible that if you have been accumulating bitcoin for a while, then 5-10 years down the road, you are likely not going to be able to accumulate as many bitcoin as you have already accumulated (or that you are in the process of accumulating currently).  I find that with myself too.. I had accumulated some bitcoin between 2013 and 2017, and I even used to buy bitcoin in 2015 with some extra cashflow that I would get.. for example, I might get some extra cash like $100 that came to me based on some kind of a good that I sold and/or a service that I had provided, and in 2015, I would take that $100 and I would buy $50 worth of bitcoin, and use the other $50 for living expenses.. so that $50 would get me 0.2 BTC (because BTC were around $250 during most of 2015). 

It was not easy for me to buy bitcoin in 2015, because the BTC that I already held (that I mostly bought in 2014) were actually in the negative through much of 2015 (since my average cost per BTC was around $550 through much of 2015), and there were several people (no coiners.. I am not even sure if there was such thing as a low coiner back then... hahahahaha).. telling me to sell some BTC and/or not to buy anymore BTC because they thought that bitcoin was not a good investment and likely to continue to go down in price.  Those people are surely regretting that they did not buy BTC in 2015, and some of them have still not bought bitcoin... so it can take a while for people to figure out that it is good to buy some bitcoin, and if they are skeptical about bitcoin, then maybe they just buy a smaller amount of it, rather than failing/refusing to buy any.

I have been a bitcoin Marxist for a while now and up until this point,  I have not sold any of my Bitcoin holding and that os because I have a long-term investment plan and Bitcoin is my sole asset and I know in the next couple of years to come to Bitcoin will still be cheap and affordable but we can say what becomes of Bitcoin in the next 5 - 10 years ahead and if all thos being equal at that time Bitcoin may become a little out of reach for small cash holders.


But if I continue with my current Bitcoin accumulation practice,  at that time when Bitcoin will become out of reach I will be in good profits and at that time I will either sell a little amount and continue to hold the remaining Bitcoin for as long as possible since bitcoin has become my saving mechanism against fiat and it inflation ratio increase yearly.

When we talk about next year, then think of the best fundamental that will support the bullrun the most. Yes, I think the halving is the best fundamental to support price gains over the next year, so I'm not too hesitant to say that $60k may be hit again. I am optimistic that the bitcoin price will go to the moon next year, but we just have to go through a long process if we want to enjoy it.

For July to December 2023, I have doubts about $40k, but let's wait and see what will happen leading up to the halving.

Bitcoin is trying to survive above $30k, it is a good sign when it doesn't drop again below $30k. FYI, in the last few days, BTC has passed $31k but it dropped again to $30k. So, I think it is too early to expect for $40k. I assume it may try to retest to $40k in the last month of Q3. Now, we are still in the early of Q3, so just be patient to wait for $40k.

Not sure whether BTC can retest for $64k this year, the current price still can't reach a half of $64k. Personally, I guess BTC can return to $60k+ again in the next year, it may be close to that price ahead of the Halving schedule. Wait for 2024 to expect the price skyrocket to $60k+ again, it needs a big trigger to pump above $60k again and it surely needs a process, too.

You know you are right. I know everybody has their own opinion or ideas about managing their Bitcoin investment and taking profit, but personally, I think that before or after Investing in Bitcoin, the investors should have already agreed on a target price at which they will take their profit, so that any time the price of Bitcoin gets to their target, they will just sell off the particular fraction that they have set to sell. The reason for that is that if you don't have any planned price that you want to sell at, even if the price gets to $100k, you might get a bit confused at that moment, thinking either to sell or not, and at that time, your instincts might tell you to pause and wait for the price to get to $120k before you sell. Even after it gets to $120k, your mind will still tell you to wait for $150k, and by the time you are waiting for $150k, it has dipped to $90k (we all know it's possible to see such a dip because Bitcoin price can be very volatile most times), and you will begin to regret and even see yourself as a fool for not just selling at $120k and collecting your profit. That was the reason why I said a Bitcoiner should have the price they wish to sell, so that any time the price comes, they will not have to argue with their instincts.


Also, yesterday I was giving an instant to someone who has 3 bitcoins with a set price on how he wants to sell them, either to sell 1 at $100k first and wait to see how far the market can still go.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

I agree with everything that you say DanWalker - but nonetheless, you are framing trading as if it were a prudent approach to bitcoin management, as if it would be prudent for a person to completely sell their BTC at any point in time and to hold such value in dollars (or perhaps some other asset such as real estate, commodities, equities, bonds that are acquired from such BTC sales), and there surely are ways to consider your BTC holdings in such a way that the BTC HODLer is not selling large portions of his/her BTC.. but instead perhaps shaving off some BTC at various price points as the BTC price goes up.. and in that way, there can be greater preparation for the BTC price to go in either direction rather than taking chances in the practice of predicting tops (or the seeming error of valuing wealth in dollars - and a lot of other assets that have relatively strong correlations to dollars - which seems to be both the outcome of selling too much of your BTC too soon and the value of actually holding onto BTC as a so far seemingly non-correlated asset).