Topic: BTC 100K FOR 2024 ! - page 6. (Read 2193 times)

Well if you started investing in bitcoin in 2015, and you bought $25k worth of bitcoin, you might have been able to get 100 bitcoin ($250 each), and if you cashed out at various points along the way, then you could have lived your best life, but you would jnot have shit to show for it.. Maybe you would still maintain $25k invested into bitcoin?  Perhaps?  And just cashed out profits?

On the other hand, if you had held onto those BTC, then right now 100 BTC would be worth in the ballpark of $3 million, and you would have a lot more options, rather than your having had been thinking so short term and cashing out on one of the best (if not the best) investments of our time.    In other words, it does not seem to be so smart to be fucking around with taking too many profits too soon, at least until you might get to a BTC accumulation arena that your BTC might really be delivering you value and options, and you might not even need to cash out very many (once you have given them opportunties to compound upon themselves and to build value, such as in the example of accumulating 100 BTC with a purchasing  value in the arena of $25k.


Of course $100k is possible in 2023 and it is also possible in 2024...

Is it probable?  Well, that's another question.  And sure, weigh the odds and try to figure out a strategy that works for you.  Hopefully, you are not so bearish that you fail/refuse to adequately prepare for UP, even if you believe it to not be very probable (impossible, in your words.. which seems like an in adequate financial and psychological preparation for unlikely things that do tend to happen in bitcoin, and still are likely to continue to happen in the future - even if such improbable things do not have high odds of happening.).

Looks our dreaming is not come true with Bitcoin will reach to $100k for 2024, although almost closer with bitcoin halving time seems not stable bitcoin price after last several days drop to $27K and right now raise up again to $30K. Difficult for bitcoin keep stable with current price and many bad news make investors panic for selling bitcoin on lower price, have expectation for Bitcoin if can't reach until $100k on 2024 has chance keep stable above $60k and give dominance for altcoin growing to higher price.

Believe or not, its not instant for Bitcoin back to higher price and get recovery month by month, when price up has correction moment are waiting for and I think not recommended keep holder when getting chance bitcoin reached up to higher price.

If bitcoin can hit $100k in this year, that means history will be broken because bitcoin has never been able to make a new ATH before the halving. I still believe in history repeating itself rather than expecting a miracle to happen this year. Moreover, the world economic situation is still very unstable, and all other financial markets are also in the doldrums. That shows that not many people are excited to invest at this stage, so it is hard to expect a new inflow of money into the market to push the bitcoin price up. What's going on is no different in 2019, history is repeating itself, so a target of $40k or $50k is a more viable target for us.
Yes, bitcoin will be pumped in late 2024 or Q1 2025, and ATH will be generated in Q3 2025, IMO.

we can assume that it will be next year ? or maybe at least 2025? what I mean is this
may happen sooner because of the incoming bitcoin halving and yes we have seen how many of this for how times before.
the last halving is 2021 then yes 2024 is the next one and it will be coming sooner mate.

I feel that it is indeed impossible to reach 100k this year but the predictions are exaggerated even though bitcoin fluctuates a lot but everyone is different in analyzing speculation but I think 50k may still be very realistic to achieve.
for 2024 the reality could be even higher after the halving but in that process there are always long sideways before the recovery towards the real bullish one, I only predict that at the end of 2024 bitcoin will be pumped significantly.

Belief more then proper estimate, the best prices for indicated estimates in 2024 or future years would be the bottom price, the lowest price in each year as a trend.  Its not as exciting but its far more accurate then trying to guess all the hype and froth of a highest price which may only register for a day at the peak.  
  The lowest price in 2018 and 2019 was quite modest, if we put in the low in this last year of BTC price action that'd be the baseline for any gain upwards from there.  I think the 2021 peak was so high was because of new money, dollars and other nations in pandemic funding via debt basically and weakening of currencies.
  Crypto itself growing is far more important, I was just listening someone making a fairly good point; the level of volatility in BTC vs paper or political currencies is starting to justify holding BTC regardless of price if it becomes more reliable then we would get to situations where an exponential price gain can occur not just speculative but alongside genuine growth in usage etc.

Yeah. I'm sticking to my boring guns of "a year after halving" to see a return to ATH. And that's optimistically assuming that that cycle won't be affected by the unravelling of the world economy in the period coming up to that. I'm still certain we haven't seen the worst of things yet, and Bitcoin cycles haven't also gone through this kind of period -- then there's also the uncharted territory of what's going on in Russia/Ukraine.

Surely we can't ignore that backdrop, no?

There is reason to be optimistic though. Bitcoin at 30k now despite desperate situations everywhere says quite a bit about deep strength.

Bitcoin price is always unpredictable so what is happening in this year is part of the volatile nature of Bitcoin. Bitcoin reaching 100k$ this year is not possible. Even 60k$ is not possible it is a prediction so everyone is allowed to say what the future of Bitcoin will be. As for me this year Bitcoin prediction will be about 35-40k$ and next year will be 60k$.

I am a big believer in taking profits and know that bitcoin price has been predicted to keep rising however because I have some pressing needs at hand, I already have in mind my price exit point. I invested in bitcoin to make money. I know i am not going to make money over night and I know I will not stick around and wait until bitcoin hits a $100k before I take profits. At every point in time when the price of bitcoin hits the number I have in mind, I take profit and settle an urgent need or use it to go live out my best life. I only got one life to live men and I gotta make the best use of it with my profit taken from bitcoin.

Are we seeing that amount of bitcoin price this year, I dont think so with the current Bitcoin market behaviour it will be hard to know what will happen to the price and if bitcoin is going to reach that price of 100k as you speculate.
Because from the look of things Bitcoin may not go above 60k price this year 2023 and before the halving, because if Bitcoin reaches 100k before Bitcoin halving it may become hard to see another bull run after the 2024 halving.

Yes... and your wanting to get excited about trying to figure out the short term price moves of bitcoin seems to be part of my point.  It's a fruitless endeavor that seems to under-appreciate the long term value of bitcoin.

What are you going to do if bitcoin goes up to $100k in 2024?  Sell your bitcoin?  What are you going to do if it ONLY goes up to $40k or 60k in 2024?  Are you still selling? 

What if it goes down between now and 2024?  Do you have a plan for that?

How about if bitcoin goes up to $1million in 2024?  do you have a plan for that? 

Do you consider $1million to be possible in 2024?

Part of my point is that you should have a plan for all of these kinds of scenarios, and other variations of similar scenarios - rather than maniacally focusing on some kind of a narrow price and time, which in this thread has been deemed to be $100k by 2024 (whether or not it will happen and/or how likely it is to happen). 


Yes.. bitcoin might not go up in that time frame.  Then what are you going to do?  or it might overshoot, then what? 

Are you prepared for a variety of scenarios, and how much does your plan changed based on what scenarios play out?  or are you just playing it by ear and continuously trying to figure out what to do?  You sell some when it goes up and then it keeps going up so then you buy some, is that right?


And what if it doesn't?  What's your plan?


Several times, I have mentioned several of the important individual factors that individuals should be considering in terms of the ways that they invest in bitcoin, and view of what the price will do is ONLY one of the factors.  So, do you have your other factors already figured out.

Here they are:
   >>>>>you should be attempting to consider your cashflow, how much bitcoin you have already accumulated, your other investments (including cash reserves), your view of bitcoin as compared with other investments, timeline, risk tolerance, and your time, skills, goals (investment/lifestyle targets) and your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.<<<<<<


 It's volatile in both directions, no?


I agree with this part.. even though I don't know why you are getting caught up with the $120k price... Yes, there are good chances that bitcoin is going to well exceed $120k in the coming 3 months to 5 years.. but what if it does not?  I don't have any problem with the idea of plotting out various numbers and various scenarios, but I do find it problematic to get caught up upon specific numbers.. because it comes off as if you are not really planning for a variety of scenarios that might happen, including that your $120k number might not happen in 5 years and it might not even happen in 10 years... So then what do you do?  Do you have any better way of talking about whatever it is that you are doing with your bitcoin, if that's what you are wanting to do?  or maybe you are thinking that it is a good idea to talk about the topic in the same way as OP - merely because OP presented this topic in a superficial and incomplete way, as hypothesizing how likely it would be that BTC would be $100k in 2024.

I don't think that there is a maximum price for bitcoin because bitcoin is a volatile assets that can pump to a high price that we don't expect and can even keep on pumping. We are only trying to speculate what next year halving will impact on bitcoin price. Nobody can predict the that it will react at ATH,all one needs to do is to stash up his bitcoin and wait to see what price we will have from after the halving.

You are right,it is impossible for anyone to predict the exact time and price that bitcoin will hit. Nobody know when but the good thing is that we are positive of bitcoin price moving upward because of the present state that we are,which is getting close to the halving. I believe that when the halving is near the price will keep pumping up and after the halving it will continue till 2025 when bitcoin price will hit ATH,which is most investors focus. Bitcoin is volatile so we should expect any good price from the it. The important thing is that you should keep your coins and sell some fraction even though bitcoin hits 100k because in the next 5yrs from now bitcoin price will hit above $120k. Because the more the years passes the more bitcoin value will increase.

You're right, now that we are on $30,000 range with the market price anything can happen all of a sudden and people can just wake up one day to discover that we are already passed the zone to over $40,000 but what we know is that we are likely not going to experience more than $68,000 till the Halving occur, we should still buy and hodl if the opportunity is there for bitcoin because we are still on the dip and the bullrun is yet to begin, it may still take more little while before the Halving next year. Buy and hodl now before the bullrun.

Historical data like the Halving Bitcoin since 2017 and 2020 as well as graphic patterns, analysis and fundamental factors such as economic news, company performance and overall market conditions deserve consideration and play a very important role in making investment decisions and unraveling mistakes.

I think the Halving is still a long way off and my estimate is about six months and 6 more. Talking about investing in BTC , Today's breakout or reject, if you monitor the price, is still worth buying before flying higher.

You don't understand bitcoin, if you believe that there is a maximum.

However, for sure there are not guarantees, either.

Part of the idea of an asymmetric bet is that if you place a certain value into it, without leveraging (or overdoing it), then the most is that you could lose is the value that you put in, but you have a variety of possible upsides.. that can be measured in terms of both time and in terms of price... whether you create some kind of an arbitrary selection of $100k by 2024 or if you choose some other time and price...

......and if you are trying to get super specific in regards to trying to predict time and price then you are likely considering the matter wrongly, and maybe if you realize that UP is directionally correct, and if your investment timeline might be 4-10 years or more, then likely it is merely a matter of "how much UP" ends up happening in the time frame that you want to be into bitcoin, and you likely are not going to necessarily know specifics, even though surely once you are in profits (again not guaranteed), then you have freedoms to cash out how much you want in the time increments that you like - and in that regard, your choice to invest into bitcoin has given you more options rather than fewer options (in the event that you had not chosen to invest).

Accordingly, if we realize that bitcoin's direction is likely up, it should not matter too much if BTC prices go up 6% per year, 20% per year, 100% per year, 200% per year or some other number, and surely anyone investing into bitcoin prefers bitcoin to go up more rather than less per year (and we would also like bitcoin to beat inflation and perhaps the performance of competitive asset classes), but we cannot really know, except for that the odds seem pretty decent that bitcoin is going to continue to be biased towards up (in the longer term), and that there is likely going to be a lot of volatility along the way (one of the most inevitable characteristics of bitcoin seems to be its volatility - but otherwise not exactly predictable in pinpointing terms beyond having a kind of hunch that it is likely to be directionally up, rather than down, or sideways).

But would it stop there or keep on growing next year? Because double top M formation with peaks on 60k would look really bad technically speaking, like end of crypto type bad.
I don't think 100k is impossible but i rather not see that happening this year. Slow growth would suit better for me. Also i am afraid what kind of mayhem it would mean for alts and total marketcap. Everything would probably moon like there's no tomorrow. But i feel like alts need a new trend to boom, like metaverse, nfts, AI and such. But in a more meaningful level, not just a hype word.

That is a bold prediction right now and no real back up story or research for it so I still stick to my personal opinion of Bitcoin breaking the 65k range during 2024 but it won't go over 100k soon or even 2025 but it all depends of how strong the next bull run can be. If somehow , Bitcoin breaks the 65k mark right after he halv , there is still a lot of months left for Bitcoin to go to 100k and surpass that range but I still see 2023 as a full bear market and this summer circle is only a sudden rising that most likely will go back under 30k as soon as July start.

I don’t know, I honestly don’t believe in such forecasts in the near future. The maximum seemed to be 64-67k dollars, and therefore we would first approach at least this price and then dream about these cherished 100k.therefore, such a scenario is very unlikely by next year, perhaps by halving the price will be pumped up by other prerequisites, I don’t see it yet.

If you planned on taking a profit at the new ATH you should have a good exit strategy to take your profit, implying this kind of strategy below would save you from taking a profit way too soon than supposed, I know how the feelings use to be when you exit the market early, and in some occasions, the market moves up like 2x from your point of exit, I suggest you should try this method while the market has not changed direction, 1st take 25%, 2nd 30%, 3rd 50%, 4th 70% and finally 100% 0f your portfolio.

Halving will change Bitcoin including Altcoins, I've been following Halving of Bitcoin since 2017 and 2020,
yes I know the second halving was in 2016 but look after the halving what happens? yes 2017 the bitcoin price went to new ATH!,
Likewise in 2020, after the halving Bitcoin also rose to new ATH, and I'm sure 2025 Bitcoin will also reach its new ATH after the halving in 2024.