Do people overestimate BTC? - page 7.

Smitty Werben Man Jensen

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When it first appeared in the market, many people were optimistic that the future would be good and worth it, when I heard that bitcoin reached a price of $ 1000 in 2013 more and more people believed that the price of bitcoin would continue to skyrocket, and I think this is reasonable if people overestimate bitcoin over other cryptocurrencies.

It's true that this is normal and we can see that until now Bitcoin is still at the top,
besides that the development of Bitcoin from year to year continues to increase so I don't think we will be surprised anymore if it will increase later

Williamm07

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$CYBERCASH METAVERSE

Its not going to happen this year, we've been in bull season since December 2020 and you still want or expect BTC to reach 100k this year? Lower your expectations fellas bear is a necessity here, we need to go into another bear phase first which could take a long time before another bull season again

Ngewex Yuk

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Bitcoin is the first cryptocurrencies and if you look at it from many sides, there are already better cryptocurrencies than bitcoin, and of course many people overestimate bitcoin and always make a measure for the market, this is certainly difficult to change because bitcoin's position is too strong.

Juse14

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There is nothing wrong with expecting BTC to hit 100K, nothing is impossible for that. When the number of bitcoin purchases soars, surely the price we want will happen, but here in the market, not everyone thinks the same. Even at the same time many of them panicked, and ended up selling their bitcoins.

batang_bitcoin

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Quote from: Refrumatrix on January 17, 2022, 02:43:20 AM

Crypto is time base so expectations that doesn't work today will eventually work some other time,

It's not time based but it's depending on its supply and demand. That's the whole thing in the crypto market, most of the projects got their own supplies and circulating supplies too.

Quote from: Refrumatrix on January 17, 2022, 02:43:20 AM

what I've learned about crypto is investors are the ones that are always in haste, it's why we failed to be whales because we sell when we are in profits and never look back but unfortunately the coin gets bigger and better which would have been a life changing opportunity for us all, patience is needed if you want to change your life with crypto

It's everyone that's on the haste when the bull run is up. People are becoming greedy and they think that there's more to the bull and they hold until the bull's done and over.

tarable

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Quote from: lovesmayfamilis on January 17, 2022, 02:57:58 AM

People are capricious, and many do not know how to wait. At the slightest drop, after buying a few bitcoins, they become frustrated, and even worse, their contribution also decreases. From here we see similar panic conversations.
But what to say to someone who has been holding bitcoins for a very long time? Could they one day agree that bitcoin would reach today's prices? I think many would also talk about the impossibility.
So just relax and don't hesitate. We will see many more surprises that Bitcoin will provide us with.

what you say I can say is a natural phenomenon that occurs, because people have feelings that are always changing, including crypto, which is a mixture of hope and risk.

in that context we must realize that it is a normal attitude. but only people who are brave and professional in taking risks have the opportunity to get what they want.

earlier this year the market was not in good shape and I believe that Bitcoin will be able to provide the best surprise once this phase is over.

livingfree

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Bitcoin is at the price level of 42k and not far from the 100k price. A year is long time so it is very possible for bitcoin to reach the 100k price this year.

It's half way to $100k.

With its latest ATH, it's about 70% already and too close with the $100k of what we're waiting for.

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But of course, it still depends on the number of bitcoin buyers, the more buyers, the greater the chance of reaching this 100k price.

That sounds don't look good to me. Well, it's better to say that the more demand, the higher price that it can be.

Jackl87

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Quote from: MidNite36 on January 14, 2022, 01:45:53 PM

Now that we are in 2022 is 100k per BTC still possible? It seems no one is talking about this price anymore and now BTC is fighting at the 40k range, what do you think could still happen? Also it seems like altcoins have no high chances again unless BTC do the impossible

Well at the moment we are in a phase of correction or even in a small bear market, before that we had almost 1 year of permanent growth so it's not really that surprising that, phases like the one we are experiencing now have to come sooner or later. During bear markets BTC is probably the coin that suffers the least from price drops in comparison to other projects. I own mostly small cap and new projects and my portfolio is down 90% in comparison to the beginning of May 2021. So i would say bitcoin is doing quite well in compared to that. Once another bull market begins i think that 100k for one BTC are not that far away.

lovesmayfamilis

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People are capricious, and many do not know how to wait. At the slightest drop, after buying a few bitcoins, they become frustrated, and even worse, their contribution also decreases. From here we see similar panic conversations.
But what to say to someone who has been holding bitcoins for a very long time? Could they one day agree that bitcoin would reach today's prices? I think many would also talk about the impossibility.
So just relax and don't hesitate. We will see many more surprises that Bitcoin will provide us with.

Yamifoud

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Quote from: MidNite36 on January 14, 2022, 01:45:53 PM

Now that we are in 2022 is 100k per BTC still possible? It seems no one is talking about this price anymore and now BTC is fighting at the 40k range, what do you think could still happen? Also it seems like altcoins have no high chances again unless BTC do the impossible

It was just fine, $100k is not possible at it can be achieved any time. In fact, we're that close to that during Bullrun.

Maybe, you just wonder how it could be possible considering the current situation, yeah, anyone can say that was impossible. But, as the demand of the market becomes unstoppable, that possibly brings to there, this year or by 2023? Who knows, the market is very unpredictable and we can neither underestimate it.

Refrumatrix

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Crypto is time base so expectations that doesn't work today will eventually work some other time, what I've learned about crypto is investors are the ones that are always in haste, it's why we failed to be whales because we sell when we are in profits and never look back but unfortunately the coin gets bigger and better which would have been a life changing opportunity for us all, patience is needed if you want to change your life with crypto

Ngewex Yuk

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When the bitcoin price can cross $20k again then I'm optimistic that soon from $20k it will reach $100k, unfortunately the market is red and stuck at $40k, but I'm optimistic that the price of $100k will be reached soon and of course it's not overestimate.

Benefactor

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Bitcoin and you ought to go to the one more area and this segment is committed to altcoins. if you want to discuss the bitcoin value hypothesis and you ought to go to the theory part of bitcoin. that will provide you with a lot of theory strings about bitcoin. I surmise we can't fault the individuals who accepted it is feasible in light of the fact that it truly had a decent disagreement 2021 and we even reach 2x an untouched high.

bitterguy28

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Quote from: MidNite36 on January 14, 2022, 01:45:53 PM

Now that we are in 2022 is 100k per BTC still possible? It seems no one is talking about this price anymore and now BTC is fighting at the 40k range, what do you think could still happen? Also it seems like altcoins have no high chances again unless BTC do the impossible

There is no overestimation as long as we are not asking for specific time to happen , Like that 100k target? because that is a sure target but of course not in 2021 and never in 2022 , in 2023? who knows right?

we are here to invest and keep holding and that is what we need to trust and believe because the more we rush things is the more we are losing our chances .

Quote from: JayTrain on January 16, 2022, 02:11:04 PM

For me, bitcoin is 40 thousand.$ is already an achievement, the price of bitcoin is so unpredictable that the price of 100 thousand is quite real, it is a question of time.I think for such a price, we need good news or the adoption of bitcoin in developed countries as a form of payment.

lol achievement is the 68k reached last year , and 40k is tha stable value for the year .

lienfaye

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Quote from: MidNite36 on January 14, 2022, 01:45:53 PM

Now that we are in 2022 is 100k per BTC still possible?

Of course it is still possible. However we cant exactly predict when it will going to happen because the price is not showing any major improvement and there's no news that can affect the price to move upward.

Quote from: MidNite36 on January 14, 2022, 01:45:53 PM

what do you think could still happen? Also it seems like altcoins have no high chances again unless BTC do the impossible

As we know alts often follow the movement of Bitcoin hence if Bitcoin is declining, its already expected that alts are likely to move the same. The current situation is not unusual, just bear it and be firm to hold your coins. Bullish season will take place again so look forward to it.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: JayTrain on January 16, 2022, 02:11:04 PM

For me, bitcoin is 40 thousand.$ is already an achievement, the price of bitcoin is so unpredictable that the price of 100 thousand is quite real, it is a question of time.I think for such a price, we need good news or the adoption of bitcoin in developed countries as a form of payment.

If we see the long term trends then bitcoin has already multiplied its starting price by many times. Hence I take is that we are never really over-estimating its price. What can happen tomorrow is not known but rest assured, bitcoin is here to stay and possible do a large number of changes in the existing economy.

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I don't think so, I've known cryptocurrencies since 2011 and at that time many people said that the price of bitcoin deserved a high price because it made all transactions easier, at that time there was a tweet saying that the price of bitcoin would reach $ 1 million in 10 years, unfortunately it unproven and will have to wait a little longer.

A million might be longshot to predict, but hoping to see the last all time high of 69k USD () once more would defenitely make the dreams of some traders come true and if the bulls are with us, we might cross 70k as well.

The point is that there needs to be an organic growth of price and not just overnight rise, because a sudden rise is bound to a sudden fall too but a gradual rise will see a gradual fall which can be corrected easily.

sana54210

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Quote from: MidNite36 on January 14, 2022, 01:45:53 PM

Now that we are in 2022 is 100k per BTC still possible? It seems no one is talking about this price anymore and now BTC is fighting at the 40k range, what do you think could still happen? Also it seems like altcoins have no high chances again unless BTC do the impossible

As we are not God, we cannot say what will be possible and what will be impossible; you need to be patient enough to find the exact market direction. If you are believing into the bright future of bitcoins then you must buy right now and keep buying at regular time frame so that you can enjoy all the rides of bitcoin.

I agree that altcoins may face hard time if bitcoin continues to correct more. That is the reason you should not invest big money in altcoins. Altcoins may be good only in short term and you must have booked altcoins by this time as only very few coins may rise here after and most other will dump regardless of bitcoin will fall or rise.

ChrisPop

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Zoom out, Bitcoin's price action looks quite healthy on the higher timeframes from a technical perspective. I suggest you create a clear mind image between short-term and long-term price action.
Bitcoin can raise 10-20% in a day. 100k is in the cards for 2022 if you ask me.

JayTrain

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For me, bitcoin is 40 thousand.$ is already an achievement, the price of bitcoin is so unpredictable that the price of 100 thousand is quite real, it is a question of time.I think for such a price, we need good news or the adoption of bitcoin in developed countries as a form of payment.

tvplus006

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Quote from: MidNite36 on January 14, 2022, 01:45:53 PM

Now that we are in 2022 is 100k per BTC still possible?...

A year ago, few people believed that the price of BTC would reach 69k dollars, so do not think that the price of 100k will be unattainable in the coming year. It is possible that this will require a stronger correction, but the milestone of $100 thousand will definitely be conquered.

Topic: Do people overestimate BTC? - page 7. (Read 1261 times)