Dec 2013 $1000; Dec 2017 $10000; Dec 2024 $100000 ! What it tells us?

OgNasty

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Quote from: JaanusRaim on December 28, 2024, 07:14:28 PM

November 27, 2013 1000
November 28, 2017 10000
December 5, 2024 100000

December 31, 2014 320
December 31, 2018 3743
December 31, 2025 39210 ?

Or if I try to put this in words: "Is Bitcoin seriously overvalued relative to its fundamentals (popularity, adoption rate, fame) today just like when it first hit $1000 and $10000" ?

You didn't really follow the 4-year cycle there... It's like you're beginning to put together the pieces though. Compare 2013 with 2017, 2021, 2025... If you want something to compare to 2014 and 2018, look at 2022 and 2026. The halving cycle hasn't let us down yet and I don't think it will this time either. Peak Bitcoin for this cycle will probably be in Q3 of 2025 and if it wasn't for FTX blowing up the market in 2021 I think the 4 year cycle would be even more obvious for newcomers to recognize.

Obim34

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Quote from: JaanusRaim on December 28, 2024, 07:14:28 PM

December 31, 2014 320
December 31, 2018 3743
December 31, 2025 39210 ?

Or if I try to put this in words: "Is Bitcoin seriously overvalued relative to its fundamentals (popularity, adoption rate, fame) today just like when it first hit $1000 and $10000" ?

To some unbelievable extent, speculating accordingly as you did, is likely not going to happen. 2025 will be our biggest ATH and by the end of Q4 we certainly will have to deal with a serious dip in the market, it is inevitable but at what lowest can it go. Bitcoin price will fall badly but not to what you have speculated, ~$40K for a dip if we get to reach a price mark of $200K+ can be said to be false based on different bills that may likely be passed plus different adoptions ongoing which will sustain the level of buy creating a manageable green response in the market.

Quote from: buwaytress on Today at 05:13:53 AM

Oh wow, it tells us that to add an extra zero, we just need to wait an increasing cycle of 4 years! MEaning 1 million dollar Bitcoin will arrive in 2040! Why didn't any of us see this before? So simple! I'll only be so old then but it'll be worth it, maybe get myself some new kidneys.

P.S. Looking forward to 39k Bitcoin next Christmas, you know, so I can fill my bags.

Hopefully or might take beyound to see $1M.

$weetne$$

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Quote from: JaanusRaim on December 28, 2024, 07:14:28 PM

Or if I try to put this in words: "Is Bitcoin seriously overvalued relative to its fundamentals (popularity, adoption rate, fame) today just like when it first hit $1000 and $10000" ?

Bitcoin should always be considered undervalued to us and not overvalued because of the potential that Bitcoin holds. Owning Bitcoin is like owning a guarantee lottery ticket that the value keeps increasing the more you hodl it. By the ending of December of 2025, we should be expecting the market to have a major correction as the bull market ends and for we to enter the bear market, that has always been the way the cycle does. Therefore I would not be surprised to see the value drop but I am thinking we will have a strong support above $50,000 for the dip of the bear market, it might fall further but I would not mind since that is an opportunity for us to buy more Bitcoin for the next Bitcoin halving happening in 2028 before the bull market in 2029.

bestcandy

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Quote from: JaanusRaim on December 28, 2024, 07:14:28 PM

November 27, 2013 1000
November 28, 2017 10000
December 5, 2024 100000

December 31, 2014 320
December 31, 2018 3743
December 31, 2025 39210 ?

Or if I try to put this in words: "Is Bitcoin seriously overvalued relative to its fundamentals (popularity, adoption rate, fame) today just like when it first hit $1000 and $10000" ?

If we critically look at the analysis of the bullish in the price of Bitcoin it's certain that Bitcoin will still attain more bull run direction in the future but I think it will be very difficult to predict the exact price or value of Bitcoin in the future as we don't have a particular meter or device that will read or predict the exact value of Bitcoin in the future.
My assertion or analysis for the appreciation of Bitcoin value in the future is not only base on the uniform increase of the value of Bitcoin with time but I'm considering the interest of many investor that are considering Bitcoin as the most reliable alternate investment considering the unique nature and economic feasibility of Bitcoin. I also believe that many countries in the world will have propose economic plans to use Bitcoin as a means of their foreign reserve and if this happen there will be more competition in Bitcoin investment which will result to high demand of Bitcoin thereby leading to perpetual increase in the price of Bitcoin in the future.

davis196

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Quote

November 27, 2013 1000
November 28, 2017 10000
December 5, 2024 100000

December 31, 2014 320
December 31, 2018 3743
December 31, 2025 39210 ?

I'm also expecting a bear market by the end of 2025. The bull run should continue in the next three months, but I see signs that the price won't be getting back to 100K in the next week or two. Price drops are as normal for Bitcoin as the price pumps. You shouldn't make big conclusions about certain Bitcoin price levels at certain months or years. Bitcoin adoption has went to great highs in the last several years.
The BTC market in 2013 and 2017 was way different than the current BTC market(which doesn't exclude the fact that BTC might be facing another bear market after several months).

buwaytress

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Oh wow, it tells us that to add an extra zero, we just need to wait an increasing cycle of 4 years! MEaning 1 million dollar Bitcoin will arrive in 2040! Why didn't any of us see this before? So simple! I'll only be so old then but it'll be worth it, maybe get myself some new kidneys.

P.S. Looking forward to 39k Bitcoin next Christmas, you know, so I can fill my bags.

Hatchy

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Quote from: EFS on December 28, 2024, 07:53:03 PM

Instead of looking at it from that perspective, I would rather look at it as $1 million in December 2029.

We don't have a magic ball and we can't know exactly what will happen in the future, but we can make good predictions with the data we have.

I got some balls

.. To hodl lol. We don't even need to speak much about people adopting Bitcoin any more, it now speak for it self. With the rate at with Bitcoins price flew from $48k to $100k in less than 3months, I don't think anyone would be so dump not to understand what will happen in the future if such would happen again and it definitely will.. Bitcoin is no longer a technology of debate, it's the future currency and with many bigger institutions and government reserves that we now have diving into the market, I can already see where we will be in the next 5years. So I will keep saying this to anyone out there, hodl the little amount you've got, you don't know maybe that would be a fortune in the next 10years and it definitely will be...

JeffBrad12

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it tells us that bitcoin growth is linear with its acceptance from the perspective of being an investment instrument.

back then BTC priced $1k or $10k because people aren't in the future yet.

now that people see the use of BTC and the fact that BTC could very well be approved a strategic reserve, it can shoot up as high as $1 million and beyond, spare us the thought of when space exploration happens and paper money won't cut it for long distance transaction, everything need to be digitalized eventually and BTC just happen to be exactly that.

EFS

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Instead of looking at it from that perspective, I would rather look at it as $1 million in December 2029.

We don't have a magic ball and we can't know exactly what will happen in the future, but we can make good predictions with the data we have. At the end of 2025, there is of course the possibility that the Bitcoin price will fall. But considering the price in 4-5 years, how reasonable is it to risk selling Bitcoin? It's important to keep this in mind. The amount of Bitcoin to be mined has decreased a lot. The market 5-10 years ago is not the same as now. The overwhelming majority of Bitcoin in the market are not traded on exchanges. With the supply so limited and investors not willing to sell, I leave it to your discretion what kind of graph we will see in the coming years. I would think a few times before selling Bitcoin.

JaanusRaim

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November 27, 2013 1000
November 28, 2017 10000
December 5, 2024 100000

December 31, 2014 320
December 31, 2018 3743
December 31, 2025 39210 ?

Or if I try to put this in words: "Is Bitcoin seriously overvalued relative to its fundamentals (popularity, adoption rate, fame) today just like when it first hit $1000 and $10000" ?

Topic: Dec 2013 $1000; Dec 2017 $10000; Dec 2024 $100000 ! What it tells us? (Read 68 times)