Topic: Elsavador President Predicting $100,000 Bitcoin price looks like another joke - page 3. (Read 749 times)

It would surely be a bumpy ride but doesnt mean that it cant be reached out and we are just +30k away with that price and we know on Bitcoins potential isnt something that you could just ignore because this thing do continue to surprise us over the years that we are heading on.

Even though there would be no assurance about the future thats why its still a risk taking to be made whenever you do really trust up Bitcoin in future years to come.

I cant blame out El Salvadors President point of view about that price yet they had already made out big decisions on making btc as a legal tender which its understandable
that he would really be that optimistic.

It's true that getting to 100K is not impossible, actually it's an easy thing to get but that won't be as soon as the president of El salvador hopes, I assume he's doing this price forecast because he bought a lot of bitcoin for the price of  $42000 and now he's at high losses unless the price goes up a lot, that's why he's trying to convince 100K people to buy a lot of people and the price goes up a lot and he's not at the loss anymore

The same will happen as did with expecting $10k it will hit it and due to momentum surpass it at an insane rate.
Expect $190k and a hard blow-off at the top...

The crypto industry is a highly speculative one and as such I don't see predictions as an out of place thing with it. Whether predictions come to pass or not, I still don't see anything wrong with it. The El Salvadorian president was orgasmic when he made that prediction. We should talk about him in the light that his country has given full support to Bitcoin and not about his prediction. If only several countries will join in that line of Bitcoin adoption we wouldn't be talking of what failed and what didn't now.

This is even the one that worries me most in all that. I frankly hope the citizens don't revert.

Why do people take the prediction seriously, where in the definition of prediction does it say that it has to be a fact? Pretty sure that it doesn't have that in the definition so I don't get why people are mad that it didn't reach that point which had been obvious that it won't when the bitcoin market was still red during Christmas. Hopefully, the people of El Salvador won't lose hope and hold on to the fact that bitcoin's going to go to 100k or even beyond that.

it may be joke today but who knows sooner or later, btc will indeed reach its 100k value. the difference is it was not achieved last year. but i strongly believe that we still have the chance to reach 100k in the near future.
just think of this example, way back in 2010 or in early days of btc, if someone predicted that btc will attain 50k value, what do you think will be the response of the community? so basically, it is the same. but he should have not said the date or time frame.

I doubt the market moved at all due to his statements, after all while some figures have the power to move the markets on their own, like Elon, the more they use that power the more ineffective it becomes, so the current dip that we are seeing in the market of cryptocurrencies has nothing to do with him, and anyone expecting that somehow his statements alone will be enough to move the market are completely wrong about their expectations.

When they introduced BTCitcoin there were many against his views and there were several strikes that took place as far as i remember. You cannot expect the entire country to know about the cryptocurrency market even though they have heard about it. My point is the poorest of the poor or the middle class who store their savings in a government official currency will suffer if there is a major correction.

If a normal person, make a prediction that will not have any implications because only people who are investing will take note of that and then make their decision whether to follow his prediction or not, but if a president of the country comes out with predictions like that, the common citizens who does not even know about the market, will invest expecting a huge return and might suffer if they invest at the wrong time.

Predictions and information are quite distinct from each other yet not that far away in certain circumstances neither. Like saying 100k will happen is not information it is prediction but the reality is that we will have 100k for sure, just don't know when, maybe this year, maybe in 2030 but I definitely agree that it will happen.

The difference is that if you say it will happen this year, that's pure speculation, if you say "eventually" it will happen then it is not really like a prediction, it will definitely happen in that case.

This is why I honestly believe that president is right, it will happen and all we need to do is wait, maybe he expects sooner than the reality but it will eventually happen. Putting a lot of money from the treasury into bitcoin also seems like a smart move considering they are not in a hurry to cash out and could profit in the long run.

I got the picture but it's should be up for people whether they will buy any prediction or not. I'm expecting that since crypto, specifically bitcoin, is highly recognized in that country, being the first one to accept it to be used in exchange for goods and services, at least the majority of their citizens should already know the drill.

A $100,000 target should always be considered as a pure prediction and speculation, not a thing that will happen accurately or exactly on a given date or year. There should be no crybabies if that price didn't achieve last year as I don't see any reason why some people should end up like that.

The problem with Nayib Bukele the El Salvador president is that he is banking everything on BTCitcoin expecting that he could overcome the financial issues his country is facing, but what he does not understand is that, what happens when the market goes for a toss and anyone who invested in BTCitcoin because their president made it legal looses their life savings, i am curious to see how he is going to overcome that situation and what explanation he is going to give.

He can have his opinion but as a president he cannot give out these highly optimistic narrative to his citizen which he does not have any control over the market and has no idea how the market moves.

Everyone has the right to express their point of view. Unfortunately, Naib Bukele is not Elon Musk. Naib Bukele's words did not have the same effect. Rather, on the contrary, the price of bitcoin has dropped dramatically over several days of the new year.
No one can know if bitcoin will reach a price of one hundred thousand dollars and when it will. Bukele's words should be taken simply as a New Year's wish.

Or we have done 2x from December 2017 to now!
This would mean we'll be reaching 100k somewhere in 2027, or if we consider the net growth of 20k per year, we would be reaching it in about 2034. At the same time, simply sliding the bars a few months we get a decrease of 66% in the above timelines. Moving the timeline from July 2019 to October 2019 we have a doubling in price in 3 months that would mean by the end of this year we would be at around 2 million, or if we consider the actual $ growth, 200k by the end of 2022.

The point is that you have chosen a random starting point and decided to draw your lines from there, and predict that's the pattern it will follow. Why? Simpy cause you want that to happen, right?

Well, we all want that to happen, but that doesn't mean it will also happen for sure.
Just before I was commenting on a topic that quoted a guy claiming that every first week of the new year we have an increase in price...look how this turned out!

Rather than focusing on the past and the actions that triggered such with you have to look and see what in the near future could trigger an exponential rise on a magnitude higher than what we had, and the only thing right now on the horizon that you can bet on is the possible success of this bond sale, all the others are speculations, and speculations don't bring much to the table.



When did Elon buy 10 million BTC ?
Second, how could Salvador, a country with a total GDP of 24 billion a year buy 10 million coins worth 420 billion?

For some reason? Dude bitcoin has at least doubled its price every single year aside from 2018, how could you NOT be bitcoin maximalist? Just as you said, what we reached as ATH is a price that people would joked about if you told them earlier, and now we are talking about something serious and how it could actually happen. I am feeling like there is a good chance 100k could be hit this year, not because it is a big number, but because it is a realistic number.

If we were to talk about how we would reach some unrealistic and big number, I would have said something like 500k for this year. Not that it is impossible neither, we did x10 in the year from march 2020 to April 2021, so having another 10x is not really impossible for bitcoin. However, I am staying away from that and saying a simple 100k, which is nearly 2x and doing a 2x in a year is something very simple for bitcoin.

Predictions can change with what happens, such as the latest news, namely Omicron or other news, and most likely affect the prediction to be inaccurate and if there is no negative news I am optimistic that 100K will definitely happen by the end of 2021.
must be wise in responding to a prediction and linking the news that occurs, and what we must realize is that news greatly affects the movement of bitcoin.
and Bukele is not a person like us and he is a president whose way of thinking and thinking is not the same as ours, even though he doesn't have any expertise on bitcoin I think his prediction 100k is a reasonable price and there is a possibility it will happen in the near future, except Bukele predicting bitcoin will hit $1 million by 2022, that's a joke.

We may not expect but we can still hope to increase and reach more than $70,000 in 2022. There are many possibilities for bitcoin to start rising and back to the high price, but it will not happen if there is not much good news about bitcoin because people will not see how strong bitcoin is. But hopefully, from this month and next months, we will see a good movement from bitcoin and that can be a time for bitcoin to start increasing again.

Again, he is obviously wanted to shill for bitcoin and push the price, the question is how much they he really buy it? Are the government now on the positive side since the price is sliding down? As for $100k, let's face it, the price is not going nowhere that 6 digits because we are not entering a bearish trend. Although this is just the start of the month, but we definitely sense what the sentiments of the investors right now. That is to just stay away from investing before they see some semblance of the price moving in a positive direction.

Two possibilities may or may not Bitcoin price heading to the level of $ 100k, I mean like this.
First things first, if the president of Elsavador adopted half of the current Bitcoin, as Elon did, it would likely be as high as $100k.

Second thing, if the president of Elsavador can't afford to buy half of the current supply of Bitcoins, to reach $100k, it's rather doubtful.
That's my opinion from what the president of Elsavador said.

The president of El Salvador is a die hard Bitcoin maximalist(for some reason).
I don't know who or what had such a great impact on Bukele's vision about Bitcoin.
Anyway,a 100K USD prediction isn't a joke.In the middle of 2020,the Bitcoin price was around 10-13K USD and predictions about the price hitting 30-40K or 50-60K USD were considered a joke.Bitcoin hit a new ATH at 69K,proving that many people were wrong.
I'm not the biggest optimist about Bitcoin "hitting the moon",but 100K USD is totally achievable and the price will definitely reach that historical level,sooner or later.I think that the 100K USD peak will the surpassed somewhere around 2023 or 2024.

Until the beginning of 2022, bitcoin is still experiencing a very sharp price correction. Even so, I still see in 2022 bitcoin will be bullish again. However, I don't expect bitcoin to reach more than $70,000 by 2022. Therefore, it seems that a $100,000 price target in 2022 is unlikely to happen.