Topic: BTC could reach 6 figures (rational explanation) - page 2. (Read 462 times)

the most important growth is the adoption growth and the market growth both of which are happening despite the long bear market that is created after the bubbles. in fact the bear market can also lead to more adoption since price would be coming down creating opportunities for people to enter or even for traders to make money shorting bitcoin.
and the adoption is always ongoing, with price drops it may be slowed down but it won't stop.
so i'd say these "frenzies" aren't that bad either. specially since they put bitcoin in the news nonstop.

50 years later if BTC still lives, it may be 6 figures. I'd be long buried by that time. But the moment the price hit 6 figures, it will eventually plunge because most of us are just going to take profit til the market recovers again. The bear market will take place for long years again. I really do hope 6 figures will come to realize, I wanna buy myself a helicopter too like Kobe Bryant.

You didn't understand the joke. Gentlemand said 6 digits within the next couple of years. I joked for him to make a "safe" prediction, 10 years, and don't make the same mistake John McAfee did.


I'll make it short, But hashing power ATH.

Thank you for pointing that out since we still have a lot of guys who have that kind of emotion.
It needs to be stopped.
It ain't really about the 6 figures which should happen, it is about bitcoin having a better value.
Something that will be supported by the mass and not just those who want to make profit out of it.
Usage is actually the best thing that could happen.

If only more merchants would look at the same way then bitcoin might be a blast by now.
6 figures is always possible and so does 2 and 3.

Reaching a certain high price level is flashy but if it doesn't stick around, and that seems mind bendingly unlikely, it doesn't mean much.

It won't magically pivot from bubblicious frenzy to a thoughtful and measured commodity without shitting itself into another coma somewhere in between.

If that high price was reached over 2-3-4 years of consistent growth then that's different but people are too prone to excitement still. If that's ever to happen it won't be anywhere near this cycle.

What a good post. This is very true. And the majority of people who are holding big money are old. They see BTC without respect, as if it where a joke. Like a geek toy. So they don't study it. Don't get sirious about it. But the thing is that nobody wants to be left behind. If BTC builds up more momentum & numbers start to spike, &  get massive. Then they will look at it siriously & they will finally see it's inmense value & more money will begin to enter. Slowly but finaly the big players will be interested. There will be more infrastructure, crypto banks, custiodans, regulation, etc. Money will move from the rich to the poor. Anyone that HODL hard for long term will benefit from this wealth transfer.

Looks that the next era after the halving will be the "make it or break it" point based on the premise if Bitcoin manages to rise to levels that make it an equivalent alternative for a store of value and an unit of account. All bets are on, at least mine.

Don't forget to take some profits along the way.

I dont see much chances that Bitcoin would not reach six figures in next 3 years time. Two years can be a bit more risky, but in three years, Bitcoin would be really unlucky not to go over $100.000

This is very likely to happen. Since the supply of Bitcoin is limited, the demand for Bitcoin is increasing day by day. Bitcoin prices will continue to rise as incredible as mass adoption. And this is why Bitcoin will go to 6 figure. But no one can say how many years it will take. First Bitcoin will have to break the previous ath, then the rest will know how long it will take.

https://time.com/4475048/which-came-first-chicken-egg/

bitcoin fits to be the egg !
any money value is possible , 6 figures or 12.

problem is the paradox insists :

when and if Bitcoin reach such heights ...
no sane people on earth will give a shit or sell.
trade directly to goods and services that is.

@OP you can change your title freely to : when money as we know will finally die ?   

my 3 satoshis !

Elias Ch.

Then it might be a good theory or maybe not.
As you said, we should really be more careful now.

We dont really know if whales start dumping every bitcoin again in pursue for a larger profit now.
They just saw how many supporters of crypto currencies now and I bet they want to abuse that.
So larger figures might really be difficult to reach even until now.

It won't of course. It would be wonderful if it did.

If there's to be another explosion this will definitely be the last one where I'm near all in. It's just too goddamn dull to sit through another cycle of ruin. I want to be at least a semi impartial observer in future.

There's got to be a time when it does start to level off more, and of course it did this time compared to 2013 but it was still 83% down. I don't think this cycle will be the one to reach that phase but I hope at least it'll be a bit less violent in both directions.

Once again, an opinion I could have written myself. 

Bitcoin could easily hit six figures within the next few years, but I don't think it would be because people are adopting it as a currency, nor because it competes with precious metals or fiat currency--it would be for the same reason it hit $20k in 2017, i.e., investors would be driving up the price because they want to make a profit.  And you're also probably right that most bitcoin buyers just want to see their dollar value grow.  I don't necessarily think there's anything inherently wrong with that, since that's the measure of its worth.  1BTC=1BTC, but that's meaningless if things aren't priced in terms of BTC.

I also hope that if bitcoin does get to those lofty price levels that it can stay there.  That's something I always worry about when it starts to blow up.  2017 was a euphoric year for anyone who owned bitcoin, but man....that hangover was a bitch.

Knowing how intense and crazy volatile market sessions are, it could happen at any time but the price would be pulled back shortly. The '17 hype, but on steroids.

The moves will play just the way whales want: they accumulate, price goes up, whales get rich, poor people invest at high levels, and then whales sell and make insane profits. The late investors (>70%) will keep losing while the whales (probably a handful of people) will start accumulating again.

It's a game not many are lucky enough to profit off.

If I only received 1% of BTC every time I read the market comparisons of gold, silver, all paper currencies, stocks and similar, I would be a rich man today

But let’s put the joke aside, it makes sense to think that some of the value that is stored in some other assets today may one day go to BTC. Globally, $2 trillion is not some big sum of money (although I'm sure some of you can't even imagine how much that is), so if you take $500 billion from gold/silver, $500 billion from stocks, and another $1000 billion ($1 trillion) from fiat, the real estate market, and various other sources we get a price of 1 BTC equal to $100 000.

To be honest, this is not at all unrealistic, but we have to ask ourselves, what exactly is refusing investors to choose to invest in BTC anyway? I personally think the first reason is high volatility, and thereafter insufficient legal regulation that would give some certainty to investors. It's hard to accept that something that was worth $9000 today is worth $6000 in a week or two after that and that there is a possibility (albeit a very small one) that it will someday be worth almost nothing.

Big money is looking for (especially long-term) stability and security, which is something BTC cannot provide right now. Not to be pessimistic, on the contrary, I think the next bull run will outperform the last one, at least by x5, which leads us right up to $ 100 000 - but most of the money will come from the pockets of small investors.

That guy is a joke. He has way more credit than he deserves.
I lost all respect, when I knew he got paid to create FOMO, by saying BTC would reach 1 million in 2020.

So be careful, there is also corruption in the crypto world. Some individuals in social media get paid to create FOMO & help create artificial rally's.

Yes, Bitcoin has higher chance to reach 6 figures that won't happen very soon, It may take another decade! 6 figures is not that easy, just think 1 Bitcoin at 100K USD and the reaction of the world! Bitcoin is still unfamiliar to the majority of people of this world! Though you have a point, but this is not gonna happen in the next 5 years!

The rational explanations have ALWAYS been there. And I remind myself, rational in Bitcoin is highly relative. $100 wasn't rational in 2013, $1000 wasn't in 2015, and $20000 certainly wasn't in 2017!

Every foundational aspect of Bitcoin has not only been proven, but strengthened every step since. Mass adoption and mass awareness have reached levels we like -- but when people truly understand why Bitcoin's so valuable, and when they truly begin using it (true mass adoption), oh I think 6-figures is rational. Now as to when that will happen...

But unfortunately crypto have so many lapses and the volatility is not stagnant together with the state of it that's why government and doesn't know about the technology get a hard time to accept them up as a good assets, that's why even up today ETF acceptance still floating but hopefully we can see this up granted and for sure we will see the price soar high.

I believe a good number of them will. Many of us came here because of greed, but stayed because a part inside wants to be part of something. Is it activism, a revolution? I don't know, but "something".


The next 10 years. It's safer, ask John McAfee.