Elsavador President Predicting $100,000 Bitcoin price looks like another joke

yohananaomi

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Quote from: StreakW on February 08, 2022, 11:46:22 AM

I think the bitcoin price target of hitting $100,000 by 2022 is hard to come by. Bitcoin opened the new year with price action which is still correcting where the bitcoin price is still holding at the $42k level. But the bullish hope for bitcoin this year is still there even if it won't reach $100k, but I think if bitcoin is bullish again, then the price will probably only reach no more than $70k this year.

Last year's unfulfilled target of breaking through $100K may or may not be met, it's still hard to predict.
but if we look at bitcoin today it looks the same as it did last year, this is certainly very good news. we hope that last year's events can happen this year and realistically anything can happen, but maybe the price is not what last year's predictions and I agree maybe the $70K you say is very realistic to achieve.
we certainly hope that bitcoin will find itself again soon to rise.

StreakW

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I think the bitcoin price target of hitting $100,000 by 2022 is hard to come by. Bitcoin opened the new year with price action which is still correcting where the bitcoin price is still holding at the $42k level. But the bullish hope for bitcoin this year is still there even if it won't reach $100k, but I think if bitcoin is bullish again, then the price will probably only reach no more than $70k this year.

Ngemmeng

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I see the predictions of the president of el savador as something reasonable, meaning that predictions can be wrong and right. the president of el savador is not the only one who says bitcoin price will reach $100k because so many people predict bitcoin price will reach $100k.
Bitcoin price movements in 2022 are in accordance with my previous prediction that in early 2022 the bitcoin price will enter a bearish phase because towards the end of 2021 the bitcoin price has shown signs of entering a bearish phase. maybe the price will recover in the middle of the year or towards the end of the year.

CaVO32

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Quote from: dezoel on January 31, 2022, 12:36:46 PM

Quote from: Finestream on January 21, 2022, 03:54:06 PM

I would say that his prediction for bitcoin to reach $100k will never be a joke because that is really the target of bitcoin but as bearish season comes, prices are bound to decline but that won't stay for long. Eventually, the market will recover soon and we will see bitcoin dominates the market again and starts to skyrocket again. And when it happens, altcoins too will be in good position as they follow the path of bitcoin.

That bull season can't come soon enough. There are so many people who sold to make the price be this low, and there are new people everyday who are selling, look at the volume and look at the sellers and you will see that there are so many people still selling everyday and I am afraid it will eventually drop the price as well.

I do not get why people do it this way, it should be a lot better and we should be doing fine right now and everyone should be wanting to buy right now since it is cheap. However, there are too many people who end up selling instead of buying at this price which is the main reason why I do not like the current situation. Lets see how it will do, maybe I am wrong and people will eventually buy soon enough, but it feels like it is going to take a while before we see people start buying in bulk again and causing a price increase.

Maybe a lot of people are selling in panic mode. But we can't tell their reasons why. But the market is slowly going up again. $100k may not be seen right now but that level I believe, is very possible to happen in the near future. It didn't happen last year but that price target is not hard to attain. As people and more organizations are coming into this market, the possibility of increasing the value is very high. In the end, Bukele will have the last laugh if that will finally happen because it means, their stash will grow a lot in value.

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Quote from: Greatest2020 on January 02, 2022, 11:25:08 AM

On 31st December, new year Eve a number of people started making jest of the $100k BTC price prediction as one of the biggest lie of 2021 and they made jokes of it.

Yea, Bitcoin came close $69k making it very hard to totally write off the prediction though it didn't meet, but then it was somewhat reasonable but ended 47k at the end of 2021 not even on half mark of $50k.

But as a new year reassurance for 2022 Elsavador president Nayib Bukele predict once again that BTC will hit $100,000.

The figure above looks funny to some people, I won't lie I have doubts for that too...lol!...but what do I know, I'm just a beginner in this whole thingy.

What do you guys think of BTC in 2022?

Depending on how long this downtrend lasts will largely determine $100k being realistic. One thing I can tell you is I wouldn't listen to a certain political figure and take it as gospel. I think we goes sideways and down for awhile here. Gonna be painful through the next halving. Reason being is I feel like economically things are globally going to get way worse and people tend to pull "invesents" out to cover shortcomings elsewhere. Truth be told no one knows for sure so just make sure you are in it to win it ! Lol

mia_houston

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Quote from: Greatest2020 on January 02, 2022, 11:25:08 AM

On 31st December, new year Eve a number of people started making jest of the $100k BTC price prediction as one of the biggest lie of 2021 and they made jokes of it.

Yea, Bitcoin came close $69k making it very hard to totally write off the prediction though it didn't meet, but then it was somewhat reasonable but ended 47k at the end of 2021 not even on half mark of $50k.

But as a new year reassurance for 2022 Elsavador president Nayib Bukele predict once again that BTC will hit $100,000.

The figure above looks funny to some people, I won't lie I have doubts for that too...lol!...but what do I know, I'm just a beginner in this whole thingy.

What do you guys think of BTC in 2022?

What the president of salvador predicts is a form of his belief in the future of bitcoin, for those who don't like bitcoin or people who are against the president of salvador it may be a joke, but for those who are aware of the development and benefits of bitcoin in the future will certainly agree with what the president of salvador said, something that is now quite valuable, didn't it all start with a belief that was considered a joke in the past by people who could not accept the times?

dezoel

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Quote from: Finestream on January 21, 2022, 03:54:06 PM

I would say that his prediction for bitcoin to reach $100k will never be a joke because that is really the target of bitcoin but as bearish season comes, prices are bound to decline but that won't stay for long. Eventually, the market will recover soon and we will see bitcoin dominates the market again and starts to skyrocket again. And when it happens, altcoins too will be in good position as they follow the path of bitcoin.

That bull season can't come soon enough. There are so many people who sold to make the price be this low, and there are new people everyday who are selling, look at the volume and look at the sellers and you will see that there are so many people still selling everyday and I am afraid it will eventually drop the price as well.

I do not get why people do it this way, it should be a lot better and we should be doing fine right now and everyone should be wanting to buy right now since it is cheap. However, there are too many people who end up selling instead of buying at this price which is the main reason why I do not like the current situation. Lets see how it will do, maybe I am wrong and people will eventually buy soon enough, but it feels like it is going to take a while before we see people start buying in bulk again and causing a price increase.

Finestream

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Quote from: virasog on January 21, 2022, 01:16:05 PM

Quote from: jamkesmas on January 20, 2022, 11:41:53 PM

Judging from last year's experiences and accompanied by analysis, I see a 4 year cycle of bitcoin, for the year bitcoin price will experience bearish and to reach 100k I think it's very difficult.

Do you think that bitcoin will reach 100,000$ after the next halving or in the next bull run after halving? Anyone who think this should realize that times have changed since the 2017 bull market. We may not see a classic bull and bear market.
Also the $100,000 Bitcoin price is not a joke and someday you will see bitcoin over this price.

I would say that his prediction for bitcoin to reach $100k will never be a joke because that is really the target of bitcoin but as bearish season comes, prices are bound to decline but that won't stay for long. Eventually, the market will recover soon and we will see bitcoin dominates the market again and starts to skyrocket again. And when it happens, altcoins too will be in good position as they follow the path of bitcoin.

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Quote from: magneto on January 21, 2022, 03:28:04 PM

El Salvador must be quaking in its boots right now.

I think that even though buying BTC was a great idea, they shouldn't have went in so heavily so quickly.

When the music stops, they will be left with a difficult proposition of holding a bag with public funded money and an average buy price of around $40-50k. Definitely not the position you want to be in as the president.

Im actually mind on whats on the mind of El Salvadors president as of this moment on where the price is really declining and considering their buying point then you would surely freak out
on what would be the things you would need to do into these declining market and to think off that this had been the risks that we've been talking on the time that they are still
making out some decision whether they would make it as a legal tender or not and now they are indeed facing that risks or problem.

magneto

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El Salvador must be quaking in its boots right now.

I think that even though buying BTC was a great idea, they shouldn't have went in so heavily so quickly.

When the music stops, they will be left with a difficult proposition of holding a bag with public funded money and an average buy price of around $40-50k. Definitely not the position you want to be in as the president.

virasog

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Quote from: jamkesmas on January 20, 2022, 11:41:53 PM

Judging from last year's experiences and accompanied by analysis, I see a 4 year cycle of bitcoin, for the year bitcoin price will experience bearish and to reach 100k I think it's very difficult.

Do you think that bitcoin will reach 100,000$ after the next halving or in the next bull run after halving? Anyone who think this should realize that times have changed since the 2017 bull market. We may not see a classic bull and bear market.
Also the $100,000 Bitcoin price is not a joke and someday you will see bitcoin over this price.

doomloop

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Quote from: ultrloa on January 20, 2022, 06:53:16 PM

Many thought that bitcoin will not reach at its last ATH so its clearly says that any prediction was been made might came true and imagine we are almost unto that figures if market didn't collapsed so maybe we need to wait some time before things flip up and possibly we can reach that far. And I don't treat those prediction as a joke since it could possibly happen.

The last ATH of bitcoin is less than 100k and it is more achievable but I do not know why most of them did not believe that it will hit again. They think that it was high enough? Or maybe they are not a solid bitcoiner like many people here, they do not know the potential of bitcoin and what it can do to the people or the country that accepts it.

If only btc did not collapsed, we are now enjoying the 100k but that is how the process goes, there are ups and there are downs. The predictions of Salvatorians is not a joke, btc is already a legal tender on their country and they know better than the rest of us.

jamkesmas

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Judging from last year's experiences and accompanied by analysis, I see a 4 year cycle of bitcoin, for the year bitcoin price will experience bearish and to reach 100k I think it's very difficult.

Obito

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Quote from: CryptoYar on January 13, 2022, 12:00:15 AM

I do not take any such prediction as a joke or pay attention. But the fact is $100k isn't an impossible mark for bitcoin however, it might take sometime either in 2022 or 2023 but it's possible.

Have to agree with you, we shouldn't take them as a joke but at the same time don't take them at face value because you don't really want to get your hopes up and end up with you having to get frustrated that it didn't come to this point. There's a big possiblity that it's going to happen this year but as I've said before, don't get our hopes up that we will get it this year.

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Quote from: beezee on January 20, 2022, 06:47:20 PM

Quote from: Silberman on January 18, 2022, 01:51:18 PM

Quote from: STT on January 14, 2022, 04:43:19 PM

Quote from: tygeade on January 12, 2022, 04:12:29 PM

make it a legal tender and hope that it will be 100k+, that will help us out a lot.

Point is does it help them out alot. BTC does show up as useful in countries where they have failed national currency but has it yet reached the point where its the best choice on a national level vs all the alternatives. Its working well in countries ironically where the alternatives are banned, the government deliberately making their population poorer with a horrible currency standard using inflation as tax. Thats not an unusual scenario and BTC does help but Im not sure yet if its ready to take over for a country wide circulation of currency; it would be better not to presume then try and fail just yet.
El Salvador just made it an option which seems fair enough, I just think the utility, capability, etc. is probably more important to success.

https://cryptopotato.com/rio-de-janeiros-mayor-to-invest-1-of-the-citys-treasury-in-bitcoin/

This is were the real test for bitcoin will actually happen, we already know that bitcoin is a great investment and I think we can safely declare that bitcoin is a good store of value despite its volatility, however can bitcoin perform the function of a currency and be used on the everyday lives of the people? That is what we want to find out, but I think we will have many opportunities to see if this will work as there are several countries willing to make bitcoin a legal tender just as El Salvador already did.

Adding on, and I'm pretty sure together with el savador what he predicts will come true.. may we all be happy.

Many thought that bitcoin will not reach at its last ATH so its clearly says that any prediction was been made might came true and imagine we are almost unto that figures if market didn't collapsed so maybe we need to wait some time before things flip up and possibly we can reach that far. And I don't treat those prediction as a joke since it could possibly happen.

beezee

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Quote from: Silberman on January 18, 2022, 01:51:18 PM

Quote from: STT on January 14, 2022, 04:43:19 PM

Quote from: tygeade on January 12, 2022, 04:12:29 PM

make it a legal tender and hope that it will be 100k+, that will help us out a lot.

Point is does it help them out alot. BTC does show up as useful in countries where they have failed national currency but has it yet reached the point where its the best choice on a national level vs all the alternatives. Its working well in countries ironically where the alternatives are banned, the government deliberately making their population poorer with a horrible currency standard using inflation as tax. Thats not an unusual scenario and BTC does help but Im not sure yet if its ready to take over for a country wide circulation of currency; it would be better not to presume then try and fail just yet.
El Salvador just made it an option which seems fair enough, I just think the utility, capability, etc. is probably more important to success.

https://cryptopotato.com/rio-de-janeiros-mayor-to-invest-1-of-the-citys-treasury-in-bitcoin/

This is were the real test for bitcoin will actually happen, we already know that bitcoin is a great investment and I think we can safely declare that bitcoin is a good store of value despite its volatility, however can bitcoin perform the function of a currency and be used on the everyday lives of the people? That is what we want to find out, but I think we will have many opportunities to see if this will work as there are several countries willing to make bitcoin a legal tender just as El Salvador already did.

Adding on, and I'm pretty sure together with el savador what he predicts will come true.. may we all be happy.

Silberman

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Quote from: STT on January 14, 2022, 04:43:19 PM

Quote from: tygeade on January 12, 2022, 04:12:29 PM

make it a legal tender and hope that it will be 100k+, that will help us out a lot.

Point is does it help them out alot. BTC does show up as useful in countries where they have failed national currency but has it yet reached the point where its the best choice on a national level vs all the alternatives. Its working well in countries ironically where the alternatives are banned, the government deliberately making their population poorer with a horrible currency standard using inflation as tax. Thats not an unusual scenario and BTC does help but Im not sure yet if its ready to take over for a country wide circulation of currency; it would be better not to presume then try and fail just yet.
El Salvador just made it an option which seems fair enough, I just think the utility, capability, etc. is probably more important to success.

https://cryptopotato.com/rio-de-janeiros-mayor-to-invest-1-of-the-citys-treasury-in-bitcoin/

This is were the real test for bitcoin will actually happen, we already know that bitcoin is a great investment and I think we can safely declare that bitcoin is a good store of value despite its volatility, however can bitcoin perform the function of a currency and be used on the everyday lives of the people? That is what we want to find out, but I think we will have many opportunities to see if this will work as there are several countries willing to make bitcoin a legal tender just as El Salvador already did.

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i think being optimistic despite of the continuous bearish market is the best thing to do so we can always be motivated to grab every chances to make profits that comes. And when bearish season will be over, predicting bitcoin to reach $100k will always be possible as bitcoin is bound to give us higher value in every year that comes. It may not happen this year, but definitely it will soon to happen by next year. So we have to keep our faith in bitcoin and continue to be patient as much as possible.

These type of people are the ones that keep talking about their profits when the price goes up. All the people who sell during this period and say "what if it goes even lower?" are the same people who keep saying "I wish I bought earlier" as well. If you are saying you wished you bought at 2009, or 2016, or 2019 then you are also the same person who will say you wish you bought at 2022 as well.

President is doing something right, not sure how big El Salvador can get with this, it is pretty obvious that they are not a wealthy nation and they are investing lesser than some big hedge funds in USA, so they can't even be compared to governments but at the end of the day it is still a good move and they will be the ones who enjoy the benefits when the price goes to 100k+, I am not saying "if" here, I am saying when it goes to 100k+ because sooner or later it will.

That's how it is free of people in making analysis in Crypto, even they try to influence people in these speculations, which in fact market conditions are different from what they convey, we understand that this is just a matter of how to get profits, but we cannot avoid it, but Not so sure of what they say, because the analysis itself is needed to start investment.

El Salvador is not a country that can make decisions to influence Crypto, in this case they are also the same as people usually, that means whatever they say, it does not fully be used as a source of reference, most importantly I think look at opportunities, trends and market movements on the path correct.

Freedom must follow the journey process, meaning we can't make analysis and then reveal it in public without reference, this will have an impact on beginners, that's why following trends and speculations that people make is not true, El Salvador is a country that does not have great access in crypto, they also have similarities with ordinary people, but speaking of this influence that distinguishes us from El Salvador, maybe the right step is the ability to make choices, opportunities and opportunities to invest.

But the crypto space has that freedom, nothing can facilitate people from doing analysis and then revealing it in the public sphere, the problem is that beginners must have their own knowledge in investing, following people's speculations will never make them successful, we can't ignore El Salvador, even though they have little influence on the crypto journey in general Bitcoin in particular, the most important thing in my opinion is caution and foresight in seeing opportunities, so that we are ready in any condition.

Even if there is freedom, I think we also have to have ethics when we make a study and then convey it to the public, considering that many beginners will be trapped by the speculations that people convey, as well as El Salvador, which is a unitary state that has started to legalize bitcoin, but not means that their speculations can be received correctly, when they try to play any issue, come back to what you said, Prudence and a way of seeing opportunities are needed in the crypto space, so that our investments are really useful and profitable.

Not everything is forced by personal abilities in the crypto space, because actually people here are free to conduct studies and speculations, and in my opinion beginners also don't fully accept the information and then apply it in practice, interestingly the current crypto condition, many countries are getting interested in getting involved in investment or anything else, so let that freedom be born by itself, the focus and way of seeing opportunities must be in each individual.

To control the crypto space which is increasingly free to speculate, it is necessary to filter information that people convey, even though freedom is an individual right for every human being, back to countries that have started to legalize bitcoin as a transaction tool, then what are the effects and benefits they want to achieve in the long term , because bitcoin in particular lives not tied to anyone and no one can specifically control except development.

I agree with what you said, that there is no attachment for bitcoin with anyone in crypto, the current bitcoin journey is the result of the development they are doing, while other effects are bonuses that they have developed from before, anyone can not control bitcoin completely, Moreover, the involvement of the state is getting bigger and the legalization is a big step taken by the country, to make bitcoin a medium of exchange in its country.

There is a domino effect from the results of the legalization of bitcoin carried out by some countries, meaning that bitcoin allows in the long term to be an exchange-added asset for some countries that legalize it, this effect is actually a good step for the development of bitcoin, so the possibility of reaching a new ATH will last a long time, but if you look at it at this time maybe the effect has not been seen, but believe me in the long term bitcoin will become a legal medium of exchange.

The dimino effect you mention is a dividend for countries that have started legalizing bitcoin, but can you guarantee that this will be an investment for that country, even though we know that crypto investment is not currently possible for all countries to do, because of the many negative values that are generated, I I think to achieve a new ATH, it won't have much effect on legalizing bitcoin in certain countries, but if in the future bitcoin becomes a medium of exchange for some countries, it is very possible to happen.

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Quote from: Greatest2020 on January 02, 2022, 11:25:08 AM

On 31st December, new year Eve a number of people started making jest of the $100k BTC price prediction as one of the biggest lie of 2021 and they made jokes of it.

Yea, Bitcoin came close $69k making it very hard to totally write off the prediction though it didn't meet, but then it was somewhat reasonable but ended 47k at the end of 2021 not even on half mark of $50k.

But as a new year reassurance for 2022 Elsavador president Nayib Bukele predict once again that BTC will hit $100,000.

The figure above looks funny to some people, I won't lie I have doubts for that too...lol!...but what do I know, I'm just a beginner in this whole thingy.

What do you guys think of BTC in 2022?

Nayib is a president, so he tries to calm the hearts of people who already believe in him...

it is not easy to accept pressure from others when we ourselves know that nayib shouted very loudly the price of bitcoin will go to $100k before 2021 ends. now 2022 has been running for a few days and I'm sure in 2022 bitcoin will create a new ATH again, I have no doubts about it.