Crypto Analyst Says Bitcoin (BTC) Price Could Hit $100,000 During Next Bull Run

fabiorem

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Quote from: thecodebear on July 10, 2019, 10:17:20 AM

Quote from: fabiorem on July 10, 2019, 07:56:46 AM

I hope the exchanges, wallets, etc, start using the bit as a unit of account, when we touch 100k, because there will not be enough bitcoin for everybody, and people feel unconfortable with all those zeroes to the left. With this, the satoshi would become a cent, which is more in line with what people are used to.

Wrong. A satoshi becomes one cent at $1 million, not $100k.

It'd be nice to have a unit of say like 1000 satoshis. One satoshi is too small an amount to use as a unit of account, whole Bitcoins will be too big for most people as the majority of people in the future will only have 0.x or 0.0x bitcoin. Having like a kilosatoshi (ks) would be nice. That way 0.1 BTC could just be called 10,000 ks instead, so the average person who buys bitcoin from here on out would have thousands or tens of thousands of ks, instead of a tiny fraction of btc or millions of sats.

A satoshi is a cent of a bit.

100 satoshis are one bit. 1 bitcoin is 1 million bits.

You can check it in bitcoin-qt. The unit is show as ubtc.

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Quote from: fabiorem on July 10, 2019, 07:56:46 AM

I hope the exchanges, wallets, etc, start using the bit as a unit of account, when we touch 100k, because there will not be enough bitcoin for everybody, and people feel unconfortable with all those zeroes to the left. With this, the satoshi would become a cent, which is more in line with what people are used to.

Wrong. A satoshi becomes one cent at $1 million, not $100k.

It'd be nice to have a unit of say like 1000 satoshis. One satoshi is too small an amount to use as a unit of account, whole Bitcoins will be too big for most people as the majority of people in the future will only have 0.x or 0.0x bitcoin. Having like a kilosatoshi (ks) would be nice. That way 0.1 BTC could just be called 10,000 ks instead, so the average person who buys bitcoin from here on out would have thousands or tens of thousands of ks, instead of a tiny fraction of btc or millions of sats.

fabiorem

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I hope the exchanges, wallets, etc, start using the bit as a unit of account, when we touch 100k, because there will not be enough bitcoin for everybody, and people feel unconfortable with all those zeroes to the left. With this, the satoshi would become a cent, which is more in line with what people are used to.

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Quote from: BitcoinFX on June 25, 2019, 05:29:25 AM

Crypto Analyst Says Bitcoin (BTC) Price Could Hit $100,000 During Next Bull Run ...
- https://cointelegraph.com/news/crypto-analyst-says-bitcoin-price-could-hit-100-000-during-next-bull-run

... Which would be nice for those who can/could afford to HODL ...

The proudhon song (bitcoin is a bubble) - "$100,000 reprise" - SWIM
- https://youtu.be/A7TuFy0fcuw

Cool

I usually don't trust any predictions about the bitcoin price.I've never heard about this guy(Aslam).
According to cointelegraph,he was right about bitcoin going above 10K USD last month,so let's hope he right about the next bull run,even though I think that bitcoin might not hit 15K this year.

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Quote from: BUK2016 on July 07, 2019, 04:27:53 PM

For Bitcoin market value to reach the speculation of $100,000 it will take years and not for one to come up some analysis that in the next bull run Bitcoin market value will reach such height.

It is not a matter of years for bitcoin to get to $100,000 it can happen before end of this year and what it really needs is institutional investors that are not ready to manipulate the market but are ready to buy and hold for long term and you will see the price skyrock to above $100,000.

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Quote from: BitHodler on July 02, 2019, 05:38:51 PM

If they really believed anything of what they said, they would long Bitcoin the moment they write about how they believe we're due for $100k, and short it whenever they believed much lower levels are due.

Yup. If someone is talking shit, they usually don't follow it up by an investment or trade.

As far as I know, there are only a few people actively guessing price movements who do put their money where their mouth is. These people purposely show their positions and holdings because they know how many shit talkers there are. Fools like Tom Lee don't show their positions and holdings because there isn't anything to show.

It's so easy to pop up as a nobody and then pretend to be a chart analyst or whatever by kicking in open doors. Welcome in the world of crypto.

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Quote from: BUK2016 on July 07, 2019, 04:27:53 PM

For Bitcoin market value to reach the speculation of $100,000 it will take years and not for one to come up some analysis that in the next bull run Bitcoin market value will reach such height.

I think now, at this moment, if it can be an exaggeration, I share your opinion, although bitcoin usually gives us great surprises, an increase would not be bad even to $ 50k, because the general reaction of the crypto world would be totally bullish even for the altcoins, it would be crazy, and if in the case that reaches the sum of $ 100k would be something that would be in the possible standards but very difficult to achieve.

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Quote from: BitHodler on July 02, 2019, 05:38:51 PM

Quote from: serjent05 on July 02, 2019, 03:57:35 PM

It is funny how analyst predict prices. they say Bitcoin will reach x hundred thousands dollars when it is in an uptrend move, then predicts that bitcoin will be worthless when it suffers a crash. This sure make them very reliable in their prediction. Sometimes I just wonder, most of these analyst just ride the sentiments of the market just to have clicks of their article or gather more followers.

That. Bitcoin is nothing but an opportunity to market themselves because it's the hottest asset class in the world as we speak. They just go with the flow of the price and adjust their opinion to match the sentiment.

If they really believed anything of what they said, they would long Bitcoin the moment they write about how they believe we're due for $100k, and short it whenever they believed much lower levels are due.

Every site or individual being a self proclaimed expert being involved in crypto as a whole, experiences a massive increase in followers. This is what they are after. They don't really care about Bitcoin at all. Popularity it is.

The thing is, do they actually hold BTC? They should have proven themselves being bullish by publishing their intended investment for Bitcoin and state that they will have a long stance for it. Just like what Bob Loukas did when he said that he believes that the 4 year cycle of BTC is starting and has a long position towards Bitcoin and his exit point.

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For Bitcoin market value to reach the speculation of $100,000 it will take years and not for one to come up some analysis that in the next bull run Bitcoin market value will reach such height.

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Quote from: Siren on July 05, 2019, 06:39:17 AM

We’re in the bullrun now so when is the next bull that was mentioned?i never doubt the capacity of bitcoin to reached highest value but 100$k is too far from now since we don’t even have the adoption from the majority..I have seen some thread that talks Bitcoin reaching a million bucks but I think that’s exaggerated and will never come to reality even if we took @hundred years from now

right now we are mostly in a denial phase where some people still can't accept the fact that bitcoin has entered the bull market and they are uncertain about what they are going to do next. meanwhile whales have started another accumulation phase ever since we had the big drop down after reaching $13k+ levels.
as for $1 million, there is nothing exaggerated about it. basically it is like the $20k price prediction that people found exaggerated when price was at $600 a couple of years ago!

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Quote from: BitcoinFX on June 25, 2019, 05:29:25 AM

Crypto Analyst Says Bitcoin (BTC) Price Could Hit $100,000 During Next Bull Run ...
- https://cointelegraph.com/news/crypto-analyst-says-bitcoin-price-could-hit-100-000-during-next-bull-run

... Which would be nice for those who can/could afford to HODL ...

The proudhon song (bitcoin is a bubble) - "$100,000 reprise" - SWIM
- https://youtu.be/A7TuFy0fcuw

Cool

We’re in the bullrun now so when is the next bull that was mentioned?i never doubt the capacity of bitcoin to reached highest value but 100$k is too far from now since we don’t even have the adoption from the majority..I have seen some thread that talks Bitcoin reaching a million bucks but I think that’s exaggerated and will never come to reality even if we took @hundred years from now

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Quote from: BrewMaster on June 25, 2019, 07:20:43 AM

Quote from: gentlemand on June 25, 2019, 06:34:34 AM

100 grand is now seemingly the most commonly quoted figure across this forum which is pretty bonkers when you think about it.

it is not that big a number if you think about it in comparison to number of people who want to have a share in it. we only have 17.7 million of it in circulation and the world population is 7.7 billion. even if only 1% of the world bought bitcoin that is 77 million investors each only getting 0.22BTC with current supply!

i'd say even with 1% adoption $100k price is still too low.

I agree that Bitcoin will have greater value in the future. But $ 100,000 in the near future is very difficult. Because not everyone believes and will buy BTC, it takes a very long time to be trusted by many people.

Slow death

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Something caught my attention in this article, this:

Quote from: https://cointelegraph.com/news/crypto-analyst-says-bitcoin-price-could-hit-100-000-during-next-bull-run

Aslam had previously predicted on June 17 that BTC would hit $10,000 in “a couple of weeks,” citing institutional involvement as a major driver.

Okay, people can think: he got it right in his price forecast. But what was the price on June 17th? Guess what? the price of June 17 was $ 9,300, anyone could predict that in a few weeks the price would reach $ 10,000. I definitely do not believe the price reaches $ 60,000 so early and when I say so early I say the next 2 years

BitHodler

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Quote from: serjent05 on July 02, 2019, 03:57:35 PM

It is funny how analyst predict prices. they say Bitcoin will reach x hundred thousands dollars when it is in an uptrend move, then predicts that bitcoin will be worthless when it suffers a crash. This sure make them very reliable in their prediction. Sometimes I just wonder, most of these analyst just ride the sentiments of the market just to have clicks of their article or gather more followers.

That. Bitcoin is nothing but an opportunity to market themselves because it's the hottest asset class in the world as we speak. They just go with the flow of the price and adjust their opinion to match the sentiment.

If they really believed anything of what they said, they would long Bitcoin the moment they write about how they believe we're due for $100k, and short it whenever they believed much lower levels are due.

Every site or individual being a self proclaimed expert being involved in crypto as a whole, experiences a massive increase in followers. This is what they are after. They don't really care about Bitcoin at all. Popularity it is.

serjent05

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It is funny how analyst predict prices. they say Bitcoin will reach x hundred thousands dollars when it is in an uptrend move, then predicts that bitcoin will be worthless when it suffers a crash. This sure make them very reliable in their prediction. Sometimes I just wonder, most of these analyst just ride the sentiments of the market just to have clicks of their article or gather more followers.

I am bullish in Bitcoin but I am not sure if Bitcoin will really hit $100,000. Let's wait and see Bitcoin to break its ATH and then $50k before we talk about $100,000 price.

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Quote from: BitcoinFX on June 25, 2019, 05:29:25 AM

Crypto Analyst Says Bitcoin (BTC) Price Could Hit $100,000 During Next Bull Run ...
- https://cointelegraph.com/news/crypto-analyst-says-bitcoin-price-could-hit-100-000-during-next-bull-run

... Which would be nice for those who can/could afford to HODL ...

The proudhon song (bitcoin is a bubble) - "$100,000 reprise" - SWIM
- https://youtu.be/A7TuFy0fcuw

Cool

Bitcoin has had several bad days in a row, it was completely natural that we experimented a correction but now we are wondering what is next? In order for that prediction to come true the parabolic growth of bitcoin must continue but it seems there is a very strong resistance at 14000, however if it is broken then we could reach prices at least as high as the ATH, but it is also possible that during the next weeks we see a recovery in most altcoins as investors decide there are better opportunities to multiply their money in those coins as their price has been going down in terms of bitcoin for some time.

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Quote from: LeGaulois on June 28, 2019, 05:52:08 PM

$100k or $800k doesn't matter a lot to me. I want facts, give me some substances, give me BTC/USD $40k at least...:p If you tell me Bitcoin will hit 1 million in 2075, I won't be alive anymore, who cares, Am I going to wait until I die? I would rather sell everything when it touches $200k.
I have plans IRL like everyone, to be a property owner and stuff like that you know. So at a time, I will sell no matter the price

i think everyone who is half wise has plans like that already. but not selling "everything" specially since bitcoin price rises are so gigantic on each rally period that even selling a small percentage can give you your initial investment plus a reasonable profit.
for instance i sold some coins that i have bought early on 2017 by the end of the year and got my initial investment out with a big profit while still having most of my investment in simply because price had risen 20 times more than the time i bought those particular coins!

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Quote from: LeGaulois on June 28, 2019, 05:52:08 PM

$100k or $800k doesn't matter a lot to me. I want facts, give me some substances, give me BTC/USD $40k at least...:p If you tell me Bitcoin will hit 1 million in 2075, I won't be alive anymore, who cares, Am I going to wait until I die? I would rather sell everything when it touches $200k.
I have plans IRL like everyone, to be a property owner and stuff like that you know. So at a time, I will sell no matter the price

800k that’d be great 😁

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$100k or $800k doesn't matter a lot to me. I want facts, give me some substances, give me BTC/USD $40k at least...:p If you tell me Bitcoin will hit 1 million in 2075, I won't be alive anymore, who cares, Am I going to wait until I die? I would rather sell everything when it touches $200k.
I have plans IRL like everyone, to be a property owner and stuff like that you know. So at a time, I will sell no matter the price

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If that really happens, I cannot imagine how much bigger for the profit that people will get because I am sure that many people will have more than 1 bitcoin now. We will make a lot of money from bitcoin because we can hold the bitcoin and not going to sell if the price does not reach $100,000. But I am afraid that there are only a few people who can sell at that price because other people cannot wait for a long time to take their profit.

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Quote from: Lucius on June 27, 2019, 05:59:52 AM

Nothing new in crypto world, some so-called analyst is saying that in next bull run bitcoin price can reach between $60k - $100k, but there is no time frame for that. So if this happens one day he will be good analyst, and if this not happens for 5 or 10 years, he can only say it will happen in the future.

These paid articles are only PR for certain people or their companies (and this is no exception), so they should be understood as such, not as investment advice. I also believe that one day bitcoin price will be at least $100k, but this is just my opinion based on history and potential behind this technology.

That's the reality, with time target it isn't possible to predict the growth of bitcoin. Everytime the growth acquired is in an unexpected time period. There is nothing as analyst with bitcoin as it is all about coincidence. With world market there are experts who predict the next move in reference to the policies government implement as well based on the economic situation prevailing around.

As one of the user added in his quote, taking the users and the circulation volume into consideration $100k is possible, because even with one in hundred usage we've reached a peak value of more than $20000. When the entire population or one quarter of the population begin using bitcoin we can surely reach a much bigger price.

Lucius

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Nothing new in crypto world, some so-called analyst is saying that in next bull run bitcoin price can reach between $60k - $100k, but there is no time frame for that. So if this happens one day he will be good analyst, and if this not happens for 5 or 10 years, he can only say it will happen in the future.

These paid articles are only PR for certain people or their companies (and this is no exception), so they should be understood as such, not as investment advice. I also believe that one day bitcoin price will be at least $100k, but this is just my opinion based on history and potential behind this technology.

leowonderful

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$100K is completely possible in my eyes, though obviously we aren't going straight up to it, and keep in mind there will be numerous shakeouts for overleveraged margin longs along the way. It's always difficult to predict tops and bottoms for crypto, though, and I doubt it'll be any easier this time to predict when this bullish trend stops and the next macro bearish trend starts. Exciting times are ahead, whatever happens.

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Quote from: BitcoinFX on June 25, 2019, 05:29:25 AM

Crypto Analyst Says Bitcoin (BTC) Price Could Hit $100,000 During Next Bull Run ...
- https://cointelegraph.com/news/crypto-analyst-says-bitcoin-price-could-hit-100-000-during-next-bull-run

... Which would be nice for those who can/could afford to HODL ...

The proudhon song (bitcoin is a bubble) - "$100,000 reprise" - SWIM
- https://youtu.be/A7TuFy0fcuw

Cool

I always like this type of predictions because this crypto currency market is a speculative market and it performs well when we have many positive speculations. Bitcoin getting to $100,000 may not be possible during the next bull run but that do not mean a day is not coming when it will get to that. I have serious faith on Bitcoin and a day will come that we would look at the current price as a beginning of the pricing. Bitcoin started from a very humble beginnings and we can all see were it is today and also were it is going.

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What do they mean by the "next bull run", I mean we are already in one right now, and if they are thinking this is it that we will hit 100k that might be too far ahead of us right now, we are not there yet, however if the price moves on this run like to 40 thousand and drops to 20 thousand or whatever on the NEXT one whenever that is we may actually hit 100 thousand dollars and even though I love the fact that bitcoin is decentralized and not run by someone or some place at that price I may have to ask for something to be done about the satoshi deal, even 1 satoshi would be really high at that point and maybe we should try to make it either 10 or 12 digits after the zero.

That would allow us to change many things and would need to be adjusted by every place but in the end it would help the poor to get in easier.

thecodebear

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Yeah $100k has long been my target for this bull market. I think it'll break $100k, probably then shoot up to like $120k from the euphoria of breaking 100k, then start the next crash.

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Quote from: exstasie on June 25, 2019, 02:50:40 PM

I hope everyone keeps targeting $100K. I think it'll end up just like $10K in 2017. When the time comes, we'll blow right through it without hesitation and all the people selling there will be forced to buy back higher.

Classic bubble behavior. Wink

And the people selling at $100k to $200k will all end up wishing they had held. What people keep forgetting was why bitcoin was created in the first place - the fiat monetary system is balancing on the edge and going to collapse. Exactly when is not sure, but it will collapse.
Bitcoin is literally a hail mary pass.

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Quote from: shield132 on June 25, 2019, 12:59:49 PM

Upcoming halving which has far more positive impact on price like it was previosly, price went from 600$ to 20K soon after halving.

More demand for Bitcoin combined with 50% less coin inflation is the perfect type of fuel for a powerful bull run, and the best thing is that we go through block halvings every 4 years with each halving resulting in more spot scarcity.

It feels quite dumb to sell anything right now knowing how far the block halving is away still, but on the other hand it's hard for most people to resist the temptation of cashing out profits with how the price has gone up.

The funny thing is that while Bitcoin was hovering below the $4000 mark, not many paid attention to the block halving, while you could easily look up the charts and get in low and prepare for the run that tends to start around a year prior to the event.

exstasie

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I hope everyone keeps targeting $100K. I think it'll end up just like $10K in 2017. When the time comes, we'll blow right through it without hesitation and all the people selling there will be forced to buy back higher.

Classic bubble behavior. Wink

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Crypto analysts have been saying that for years, they have been saying 10k as well, 50k, etc etc. Of course some of them will be right, the bottom line is that it is impossible to predict Bitcoin's price in 1 year, even a few months is quite ridiculous. You can only 'predict' it in a few hours, days perhaps which is what technical analysis is used for.

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Quote from: gentlemand on June 25, 2019, 06:34:34 AM

Never in my life did I expect a 20 grand peak last time.

100 grand is now seemingly the most commonly quoted figure across this forum which is pretty bonkers when you think about it.

That says to me it'll either far exceed that or never get anywhere near it. BTC favours the battiest or most brutal option.

i'm going with "far exceed". topping at $100k means the next bubble would be completely dwarfed by 2017. that's possible, but it's the opposite dynamic from what i'm expecting.

it's becoming increasingly difficult to write bitcoin off, whether we're talking about retail investors, institutions, governments. mass adoption is around the corner and more to the point, wealthy investors are going to buy up all the coins before it even happens. i don't think these bubble cycles are going to keep on the same trend forever. it's becoming too obvious. rich people are gonna front run mainstream adoption. $100k is nothing in that context.

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How can these people say such things easily without valid arguments? There is almost zero argument given in that article, it's not so easy to move from 10K to 100K, it's absolutely different from moving 10$ to 100$, numbers are higher, so our wished result is harder to achieve. But in that article I agree with Trace Mayer, bitcoin may hit 21K by the end of this year and I can say why: 1. We recovered from 3K price and now we are on 11K. This positive waves of feelings leads bitcoin to reach 20K this fall or possibly in summer but after reaching 20K, positive feelings doesn't continue so long and then we may see fall again or stable 15-20K price, maybe even stable 20-25K price. Then a little bit fall and after that guess what? Upcoming halving which has far more positive impact on price like it was previosly, price went from 600$ to 20K soon after halving.

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Quote from: BrewMaster on June 25, 2019, 07:20:43 AM

it is not that big a number if you think about it in comparison to number of people who want to have a share in it. we only have 17.7 million of it in circulation and the world population is 7.7 billion. even if only 1% of the world bought bitcoin that is 77 million investors each only getting 0.22BTC with current supply!

i'd say even with 1% adoption $100k price is still too low.

Not the figure itself, the confidence that it's all but in the bag this time around already.

I'm sure if it stays alive and steadily appeals that price will arrive some day. I'm far less sure it's within a year or two. Like I said my prediction is either flabbergastingly above it or disappointingly below for the next bull cycle.

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Quote from: BrewMaster on June 25, 2019, 07:20:43 AM

Quote from: gentlemand on June 25, 2019, 06:34:34 AM

100 grand is now seemingly the most commonly quoted figure across this forum which is pretty bonkers when you think about it.

it is not that big a number if you think about it in comparison to number of people who want to have a share in it. we only have 17.7 million of it in circulation and the world population is 7.7 billion. even if only 1% of the world bought bitcoin that is 77 million investors each only getting 0.22BTC with current supply!

i'd say even with 1% adoption $100k price is still too low.

While the official number for market cap purposes is 17.7 million, the actual number of tradeable coins is way lower, I'd estimate around half of that. There are many lost coins and many coins held by whales that simple wil never be offered for fiat.
The figure you use that really pops out to me as innacurate is the 0.22 btc for 1% of the world "investors". You must assume all btc are evenly held, which is entirely unrealistic. Can you really imagine Tim Draper selling all but 0.22 of his 10s of thousands of btc just to be fair and share the wealth? The real value is a tiny fraction of 0.22.

I really don't see bitcoin peaking at $100k at the end of 2021 then crashing for the following year, similar to the last couple 4 year patterns. I think this move we are seeing now is a clean break from past patterns, so what we will see next is unprecidented. I also think that 5x last ath is ridiculously low when the last couple aths were like 20x+ previous aths. Because of the previously mentioned break from past patterns this could happen though, with a stable $100kish price going forward rather than a huge crash following the run to 6 figures.
If the coming 4 year cycle pattern repeats, I would expect nothing short of $250k for a peak followed by a year long crash.

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That means if you hodl 10 bitcoins you will be a millionaire! Congratulations to every one who holds 10 BTC.

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Quote from: gentlemand on June 25, 2019, 06:34:34 AM

100 grand is now seemingly the most commonly quoted figure across this forum which is pretty bonkers when you think about it.

it is not that big a number if you think about it in comparison to number of people who want to have a share in it. we only have 17.7 million of it in circulation and the world population is 7.7 billion. even if only 1% of the world bought bitcoin that is 77 million investors each only getting 0.22BTC with current supply!

i'd say even with 1% adoption $100k price is still too low.

gentlemand

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Never in my life did I expect a 20 grand peak last time.

100 grand is now seemingly the most commonly quoted figure across this forum which is pretty bonkers when you think about it.

That says to me it'll either far exceed that or never get anywhere near it. BTC favours the battiest or most brutal option.

Pursuer

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if we are talking about the same roller coaster pattern then the ATH that we are predicting is the top of a bubble just like the previous 5-7 bubbles that we already had. and in none of them we could predict how high it will go because it is uncharted territory and it lacks resistances while has a big inflow of money from FOMOing investors.
with that said, $100k in my opinion is a good guess and I have made the same guess myself too but it can be anywhere from $50k to $500k really. the $500k is because each time there is a bigger bubble because of a bigger demand increase and more hype compared to previous times.

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Crypto Analyst Says Bitcoin (BTC) Price Could Hit $100,000 During Next Bull Run ...
- https://cointelegraph.com/news/crypto-analyst-says-bitcoin-price-could-hit-100-000-during-next-bull-run

... Which would be nice for those who can/could afford to HODL ...

The proudhon song (bitcoin is a bubble) - "$100,000 reprise" - SWIM
- https://youtu.be/A7TuFy0fcuw

Cool

Topic: Crypto Analyst Says Bitcoin (BTC) Price Could Hit $100,000 During Next Bull Run (Read 575 times)