Topic: Do people overestimate BTC? - page 2. (Read 1276 times)

But the sentiments is very negative for this year, I reckon. The bear market is here much early so for me I'm not seeing a $100k price for bitcoin in 2022. We have problems now breaking $40k now and then we have another big barrier to break next which is $50k. It will take a lot of money again to go over those mental barriers and I don't think we have enough push for this year.

I think it's still possible for bitcoin to hit its $100k price target this year if the sentiment is positive and requires a long rally. So far the bitcoin price has recovered and managed to break through the $40k price resistance after experiencing a very sharp price correction in the last few months. Let's see if the current bitcoin price hike will continue or just temporarily. Maybe we'll just talk about a $100k bitcoin price target this year. if the price of bitcoin manages to break through $65k.

You couldnt stop people on having those kind of words and it is true that people are way too overestimating btc on which they do hurry up on reaching up particular numbers without even
considering on what factors needed for it to reach that particular level.We should be realistic at least because it would really just disappoint you or making yourself in a hurry
when you dont able to meet up your expectations.Deal with the current situation and dont hope that much but it isnt really bad on having that mindset.

It's too early to talk about the bitcoin price hitting $100k as the year has only been two months and bitcoin prices have already quite moved away from last year's ATH. However, the $100k bitcoin price target could be reached in the next 2 to 3 years if more and more large institutions adopt bitcoin. While waiting for the bitcoin price to go higher, it's better if we can take the current situation as a point of purchase so that later we can get maximum profit.

<sup>Do people overestimate BTC?

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This is a special year, the milestone of $100k is broken, a mark unthinkable just a few years ago, but that peak will have its price, ironically yes,  price! We will have to pay for at least 2 years with a price in "depression" that will fix its recovery in the Halving cure (2024).

The funny thing is that whom they "throw away" at $100K day by day are the ones that invest the least, there is an important group of bitcoin holders that are already made in large sums of Fiat money, they regardless of the price of bitcoin just look at the $100k cap as a personal ego bet.

It is not that bitcoin does not reach prices in the dreaming estimates individuals, but on that path it will leave a lot of desolation, it will add many dips that will leave many who are not careful and who invest in bitcoin with the dream of a big blow, on the way ( crying). So there in lies the intelligence of being in bitcoin as an asset of value, you buy it then you save it and just wait for the great price of your dreams or simply have fun with all the emotion that comes with seeing it "dance" in its volatility mode to the purest Heavy Metal, then you "happy" enjoy the hangovers it causes with its price drops.

bitcoin can do it!! it is made to reach unsuspected prices, it still has that great prospect slang, putting it on the sporting plane, so that you understand me, because it is not something eternal; but we may even be in a strip that becomes the stable floor of bitcoin for its existence long (40k-50k), and that does not imply that more milestones (ATH).
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Do people overestimate BTC?}
Do people overestimate BTC?
Speculation is the never-ending story of bitcoin, so it's not so much about overestimating bitcoin, no, it's about underestimating those who write any shit, idiocy, so good, so bad, technical analysis, it's them who you owe never dismiss.

The Bullish guys are gone every time there is a huge dumping but will surely comeback when Bull comes so yes there are small talks about the 100k increase but this does not mean we will never tackle about it.

Remember that changes in market happens constantly so if you wanted to risk then you can earn, if you don't then never expect income.

that is the nature of crypto market in which the reason why we are all here until now expecting to earn insignificant amount .

Well if you have big investments on some project, then definitely you may have to follow it. But for Bitcoin, nah, I think the price and the news is enough for us to invest or not or simply just hold. And this is the big difference with altcoins, because in that market there is so much volatility and then you have to check the news and developments as what causes the price to tank or even nose dive.

On that part, I think it's not always a mandatory thing to do to follow developments. In most cases, the majority is not even aware or truly following any development at every different coin because what matters to them is, if those coins are performing well in the market.

If there's a hype of the coin, traders will switch and consider investing in that coin whether the development is good or not. That's what we always see in the crypto market where the hype is one of the reasons why specific coins should be popular.

If dollar is devaluing then 100k is not too much, because the dollar of future years will be worth far less then the dollar value we have fixed in our heads.     Of course a paper currency can end up no value at all, its happened plenty of times.   It would be a shock for the central currency of the world but it is possible and its mostly what I expect though not in a linear way as every other paper currency also is attempting to devalue at a similar pace.
  In this context BTC is underestimated but I would extend that to technology in general; any invention which can manage to avoid the losses incurred by the common people is invaluable.

It is too early to say that this is not a good year for crypto. We are just in the second month of this year, so we still have a long way to go this year. A lot can still happen and who knows, these coming months may give us a surprise? It may not be the same as previous bearish years, because we have different adoption today. There are even countries like El Salvador which has bitcoin as legal tender. And possibly, some will follow their path. So I am still optimistic about btc but don't overestimate btc as it may greatly affect your financial decisions.

$100k is far to reach at this time that is why no one had able to talk about it as it was useless. If we are just the ones who control the market, that gonna be possible and instant but we're not, and to think about $100k is over speculated.

This year is not a good year for crypto, I think we are done with the long bullish season and it was the time to face the season that people are worried about the bear season. Although I was positive with the market to see recovery but granted how the history shows long corrections in previous years after the ATH, this will possibly happen again.

Anything can happen in bitcoin if people start to adopt it. Just imagine the time when the price of bitcoin was just a few pennies and at that time no one even can estimate that the price will continue to rise and will reach to $67000 in 13 years.
Now it is also possible that it reach to $100k within this year.

$100k might be a bullshit presumption when we are still sitting  around $20k which i could even say to my self that it wasnt realistic but we know that Bitcoin could always give out some surprise.

As long demand and recognition would really be there then it couldnt really be denied that possibilities on hitting those numbers would really be next in line.It is just that no one could ever

tell on when it would happen and this is where test of patience would really be considered or mind off.

Remember predictions are not always correct as they may still be wrong on many occasions. $100K is a good price to expect and not impossible if you know how bitcoin hit ATH beforehand. I don't think people have overestimated bitcoin, that's a weak opinion and you can do your own analysis to find the answer. I just wanted to let you know that the strong fundamentals of positive news will greatly affect the demand for bitcoin, so there is always hope.

I wouldn't say $100K is bullshit right now, but we can expect it to be achieved in the next 1-4 years. Adoption has supported bitcoin to grow, so have no doubts about its future and great potential.

If the duration is until the middle of this year with a target of $100k, I think that's too far for Bitcoin to achieve in a very short time because you also need to look at the current Bitcoin price which is still under $50K. So it still feels very far for Bitcoin to achieve from now.

Yeah I'm like Nasty -- we're all guilty of some overestimation, perhaps saved by the fact that it's balanced out more by the understimation from naysayers. Still far too many speculators and volatility to present a more serious feel as a reliable asset but for something that's barely been around in free markets for 10 years, I'd say a huge achievement.


If we're being honest, the former probably outnumber the latter by some distance.

$100k why is it impossible? when adoption gets bigger then price spikes can't be avoided...

you are wrong to say that people are no longer talking about $100k / btc, there are many out there like me, believe the price of Bitcoin will reach it, just wait for that day to happen then you will not believe what you see

Precisely. People often have a different perception of what Bitcoin truly is. Some view it as a way to make money, while others view it as a currency for day-to-day payments. What's concerning is that wealthy companies and exchanges are stockpiling large amounts of Bitcoin, greatly introducing the risk of centralization. This brings inequality as only the wealthy will control Bitcoin's supply, leaving the average person out of the game.

I'd say most people underestimate Bitcoin as they believe it's nothing more than a fad. They trust Fiat currencies more than anything else, in part because banks have dominated the mainstream economy for a long time. Those who truly recognize Bitcoin's benefits won't look back ever again. I wouldn't worry about what people think about BTC as long as it does its job well as a decentralized and censorship-resistant cryptocurrency anyone can use without limitations. Just my opinion

We see so many times that bitcoin became weaker but after all it recovers when good things placed so those possibilities that it will pump again is not new since we see bitcoin pump up after the huge dump occur to it. But we cannot give any timeline on when does the price predicted to happen since all here are unpredictable and no one can give final and accurate verdict on it.

I think, even though the bitcoin price is still weak lately, but the bitcoin price is still possible to go higher again until it reaches $100k at least in the middle of 2022.