Elsavador President Predicting $100,000 Bitcoin price looks like another joke - page 4.

Kasabus

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Quote from: rodskee on January 04, 2022, 10:23:24 PM

Though i Know that the president is just pushing Bitcoin because this will favor them if boosted and reached so much high value yet Words like this sounds encouragement to many people that might still hindering themselves from investing , or others are still in deep thinking if will add investments.
If the president itself is positive then what more His people in that specific country?
I will support that message even though i find it exaggerating.

For me, i don't see it exaggerating or even a joke because i believe that bitcoin is really capable to reach $100k maybe at the end of this year. Although this will remain a prediction until its already happening, but come to think of it? $100k was just the last year's prediction for bitcoin but when the market suddenly faces a correction, the market starts to move in a downward trend, and did not realize reaching $100k. But since it did not happened last year, so maybe it has a good chance to make it real this year. Maybe we just have to take a break, and when the market is stable, then i think bitcoin will move again upward as its always bound to reach another heights.

bakasabo

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I think we are paying too much attention to El Salvador president prediction. So far Nayib Bukele is not the most influence person in cryptocurrency industry to take his predictions so seriously. Yes El Salvador were first to admin Bitcoin as a legal payment asset. But Bukele was not the only person to make such a decision. He was among a bunch of people to add Bitcoin in countries legislation. So far he is just tweeting about Bitcoin, and acting like Elon Musk. But he does not have such a huge background of success like Elon, to take his predictions really seriously.

ultrloa

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Quote from: chichidori on January 04, 2022, 10:49:19 PM

50k started off as a joke when it was predicted by some bitcoin enthusiast when the price was only at 1k at most and who would have guess it even surpass it.

Yes it was joke before but those what other think about as a joke became reality that's why we should consider those to happen since bitcoin already near to that on his bullish season and we might get surprise in future that this will be reach and for sure those people who's lucky to have long patience will be lucky again if this case will happen. But for now since market is not doing what we like to see then its good for us to do short or at least do something extra things to earn.

chichidori

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50k started off as a joke when it was predicted by some bitcoin enthusiast when the price was only at 1k at most and who would have guess it even surpass it.

traderethereum

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They will see what will happen to bitcoin later, especially when the price starts to increase step by step and finally, the price reaches $100k.
They will realize that bitcoin is not weak as they thought and once the price is back to the last ATH and even make a new ATH, they will realize that they are too late to join in bitcoin.
At that time, they will not make a jest to bitcoin instead will figure out how they will start to use bitcoin.
Bitcoin in 2022 still have the mystery as we do not know for sure if the price will increase to the last ATH or it will stay like the current price or it will go down.
Only by following the progress, you will know what will happen to bitcoin.

rodskee

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Though i Know that the president is just pushing Bitcoin because this will favor them if boosted and reached so much high value yet Words like this sounds encouragement to many people that might still hindering themselves from investing , or others are still in deep thinking if will add investments.
If the president itself is positive then what more His people in that specific country?
I will support that message even though i find it exaggerating.

Chato1977

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Quote from: Wind_FURY on January 04, 2022, 04:45:06 AM

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

What do you guys think of BTC in 2022?

I believe Bitcoin in 2022 would be the newbies of 2020’s halving cycle sell their shitcoins, and to start actually HODLing their capital/savings in Bitcoin. Would that make Bitcoin surge to six digits? No, but it’s a preperation for the next halving cycle’s surge.

supporting this mate, because i believe that the next cycle of Halving will bring different from the movement of crypto market.
and seeking for 6 digits this year is far from happening though this is my personal belief.

maybe the 3-4 years time is what we need to make the value of bitcoin finally take that 100k and above .

Fundamentals Of

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Quote from: SquallLeonhart on January 04, 2022, 12:46:50 PM

Quote from: Fundamentals Of on January 03, 2022, 08:18:21 PM

There was no reassurance made by President Nayib Bukele of El Salvador. He was just predicting just like everyone else. I am also predicting that Bitcoin will finally reach $100,000 in 2022. That could be wrong. Both of us could be wrong. All of us could be wrong. But it is always better to predict with optimism than predict with pessimism. During the bullish weeks of the 4th quarter of 2021, people really thought Bitcoin could reach $100,000 before the year ends. There was no wrong with that. The only wrong thing is that there were some people who did not cooperate and sold instead of hodled.

When a president of a country, and specially a country that took bitcoin as legal tender, makes a prediction then it has a bigger say in these type of things than you and I would have. His prediction decides the future of a nation and he makes investments on the behalf of everyone in his nation. This is why I believe that he should not be really making these type of grand predictions. I could do it, you could do it, but he can't, or at least he shouldn't.

Doesn't mean he will be wrong, I am definitely predicting 100k in 2022 as well, I am hoping that it will be a great year and that's how I will make some profit, but that doesn't change the fact that we may not have anything like that as well. In the end as a president of a nation you should always be careful on what you are saying, doesn't mean that you will have to be proper but at the very least you should be careful.

No, I don't agree. He's a president. He may have a bigger say on politics but not on Bitcoin price prediction. He may have a bigger say on how things in government are ran smoothly but not in how chart patterns are looking. He's not a trader, not a technical analyst, etc. On this note, experts who are making posts in Wall Observer or Speculation in this forum are better than him and have bigger say in price predictions. And also, he's not on his own. Somebody must be advising him.

STT

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I didnt expect it directly in that year but some did say BTC could reach these higher prices on a longer term view. The trigger would seem to be the massive amount of money printing that occurred in 2020, as that circulated it allowed BTC to rise end of that year into 2021. The biggest rises do take time, that why I think people were rushing too much in their expectations for an exact date to follow directly after what was already exceptional rises.
It might take this whole year, maybe the next to develop and give hope of another bigger rise like we have seen. Its best not to rely on such things occurring when wanted, I do wonder if El Salvador suffers if price lingers lower for months on end or its no problem.

Quidat

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

What do you guys think of BTC in 2022?

Did anyone really anticipate that Bitcoin could reach that 60k+ ish price of each coin? No one ever anticipated nor expect for it to happen which did really surprise out people or the entire community.
We do have our own perceptions and views towards crypto specially bitcoin and if the president of El salvador do claims out that it could reach up 100k then let it be and make predictions on your own.
Nothing is assured when it comes to future but this cant be called speculative market if it was predictable on the first place.

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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?

Only those who didn't hold bitcoin or were holding some shitcoin where making joke about it. I doubt anyone who uses bitcoin would make fun of any prediction (unless it some sort of absurd prediction). True the $100k prediction was a little too much. We already reached the ATH like twice last year. And it's better this way. Slow and steady rise is in fact a sign of an healthy market. Pretty much sure if the price did reach $100k, we would have seen a massive dump/sell off, cause the price to fall drastically. We may or may not reach $100k within this year, but I do have a feeling it's going to be a good year for crypto currencies.

Sanitough

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Quote from: justdimin on January 04, 2022, 01:16:46 PM

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

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.

Any higher end prediction about bitcoin will become true one day as bitcoin is going to remain bullish in long term which means you can blindly speculated anything about bitcoin without mentioning about the time frame then that would become true one day. This is like betting on the potential of bitcoin but due to deflationary characteristics, your bets will be winning easily.

Bitcoin was supposed to be testing the $100k by end of 2021 but covid19's negative consequences must be one of the reason which influenced the slow down in the growth of bitcoin. But, you can watch high level of hype is still remaining about bitcoin which is going to the driving force to take bitcoin to $100k regions very soon.

I think some good analysts have already predicted for bitcoin to reach $100k by 2021 but things have went wrong last year and Omicron also started to appear at the last quarter so definitely, the year end was not really positive for bitcoin.

But we are now in 2022 and high predictions for bitcoin are about to be realized soon. Bukele is just right at his prediction, $100k is very possible for bitcoin especially that we are looking forward for a bull run this year. So just relax and enjoy the ride, soon we will see bitcoin skyrocket again and goes to the moon.

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Winding down.

Quote from: Silberman on January 04, 2022, 02:36:44 PM

Quote from: Leviathan.007 on January 02, 2022, 12:06:20 PM

I don't understand why anyone would think that's a joke, that's not a joke at all when you see the bitcoin price chart in long term and see how bitcoin price is rising during all these years, I remember when bitcoin was trading below 1K some people were saying bitcoin going to fall and stay less than 100 dollars while some other people were expecting 10K price, know the price is 48K and it could even reach 60K price level while people are still joking but this is not a joke at all, I'm sure El Salvador president is right about the price it will reach even higher prices.

It shouldn't be a joke at all, after all it is not as if bitcoin was at a distance in which it was impossible to reach that price, however we do not know if that price will be reached during this year either, I think there is a possibility this is the case but it is no a sure thing, however if we were to avoid to give such a short time frame for bitcoin to reach that price then I think it is a given that bitcoin will eventually reach it, as it is impossible to stop bitcoin now and the state of the economy will allow bitcoin to grow even more during the next years.

Right indeed. We know bitcoin has huge potentials to increase its value even more and i think everyone had witnessed how bitcoin had made such progress from $3k until it reaches the present price. So for me, its not really surprising if we will end this year at a $100k price level, or bitcoin could even hit a higher price than that. I think Bukele predicted this price not just out of thin air, but definitely more from its well researched made.

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Quote from: Leviathan.007 on January 02, 2022, 12:06:20 PM

I don't understand why anyone would think that's a joke, that's not a joke at all when you see the bitcoin price chart in long term and see how bitcoin price is rising during all these years, I remember when bitcoin was trading below 1K some people were saying bitcoin going to fall and stay less than 100 dollars while some other people were expecting 10K price, know the price is 48K and it could even reach 60K price level while people are still joking but this is not a joke at all, I'm sure El Salvador president is right about the price it will reach even higher prices.

It shouldn't be a joke at all, after all it is not as if bitcoin was at a distance in which it was impossible to reach that price, however we do not know if that price will be reached during this year either, I think there is a possibility this is the case but it is no a sure thing, however if we were to avoid to give such a short time frame for bitcoin to reach that price then I think it is a given that bitcoin will eventually reach it, as it is impossible to stop bitcoin now and the state of the economy will allow bitcoin to grow even more during the next years.

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

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.

Any higher end prediction about bitcoin will become true one day as bitcoin is going to remain bullish in long term which means you can blindly speculated anything about bitcoin without mentioning about the time frame then that would become true one day. This is like betting on the potential of bitcoin but due to deflationary characteristics, your bets will be winning easily.

Bitcoin was supposed to be testing the $100k by end of 2021 but covid19's negative consequences must be one of the reason which influenced the slow down in the growth of bitcoin. But, you can watch high level of hype is still remaining about bitcoin which is going to the driving force to take bitcoin to $100k regions very soon.

SquallLeonhart

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Quote from: Fundamentals Of on January 03, 2022, 08:18:21 PM

There was no reassurance made by President Nayib Bukele of El Salvador. He was just predicting just like everyone else. I am also predicting that Bitcoin will finally reach $100,000 in 2022. That could be wrong. Both of us could be wrong. All of us could be wrong. But it is always better to predict with optimism than predict with pessimism. During the bullish weeks of the 4th quarter of 2021, people really thought Bitcoin could reach $100,000 before the year ends. There was no wrong with that. The only wrong thing is that there were some people who did not cooperate and sold instead of hodled.

When a president of a country, and specially a country that took bitcoin as legal tender, makes a prediction then it has a bigger say in these type of things than you and I would have. His prediction decides the future of a nation and he makes investments on the behalf of everyone in his nation. This is why I believe that he should not be really making these type of grand predictions. I could do it, you could do it, but he can't, or at least he shouldn't.

Doesn't mean he will be wrong, I am definitely predicting 100k in 2022 as well, I am hoping that it will be a great year and that's how I will make some profit, but that doesn't change the fact that we may not have anything like that as well. In the end as a president of a nation you should always be careful on what you are saying, doesn't mean that you will have to be proper but at the very least you should be careful.

bakasabo

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When crypto influencers, analytics and other people close to finances predicted Bitcoin growth, Bitcoin price to reach $100k in 2020-2021, rapid growth after halving in 2020, and nothing of it came true, no one cared a lot. But when a person that is trying hard to make Bitcoin popular and helps its adoption, predicts $100k, then everyone count is as a joke. Why? Because he is a new in cryptocurrency? We all were new. At least he is giving true or achievable predictions. At least he does not "expect $70-100k by the end of year", when the price was $10-13k.

Wind_FURY

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

What do you guys think of BTC in 2022?

I believe Bitcoin in 2022 would be the newbies of 2020’s halving cycle sell their shitcoins, and to start actually HODLing their capital/savings in Bitcoin. Would that make Bitcoin surge to six digits? No, but it’s a preperation for the next halving cycle’s surge.

Shasha80

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Quote from: Fundamentals Of on January 03, 2022, 08:18:21 PM

There was no reassurance made by President Nayib Bukele of El Salvador. He was just predicting just like everyone else. I am also predicting that Bitcoin will finally reach $100,000 in 2022. That could be wrong. Both of us could be wrong. All of us could be wrong. But it is always better to predict with optimism than predict with pessimism. During the bullish weeks of the 4th quarter of 2021, people really thought Bitcoin could reach $100,000 before the year ends. There was no wrong with that. The only wrong thing is that there were some people who did not cooperate and sold instead of hodled.

Bitcoin movements are very volatile, so no one really knows where Bitcoin is going. Even I believe Satoshi Nakamoto as the creator of Bitcoin can't
predict accurately where Bitcoin will move. So indeed predicting the price of Bitcoin is not a joke, but as the hope of Bitcoin supporters, if it fails
to be achieved, it is not something to be concerned about. So I believe the El Salvador president predicting the Bitcoin price to hit $100k is no joke,
because quite a lot of people predict Bitcoin could hit $100k in 2022. If anyone thinks it's a joke, that maybe they don't know Bitcoin well,
or they are among those who are disappointed that Bitcoin failed to hit $100k by the end of 2021.

Because in my opinion, it is very likely that in 2022 Bitcoin will reach a price of $100k, therefore I have no doubts at all for holding Bitcoin. But there
really is no compulsion for everyone to believe that Bitcoin could hit $100k in 2022, everyone is entitled to their own beliefs. So if there are people
who don't believe in Bitcoin can reach a price of $100k and think it's a joke that's their right. But please also respect people who believe Bitcoin can go
as high as $100k, life would be more beautiful if everyone could respect each other's opinion.

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Quote from: Poker Player on January 03, 2022, 11:30:13 PM

Since the OP doesn't post links, it's not 100% clear to me, but I understand that Bukele predicted the price was going to hit $100K in 2021 and now he's predicting it again in 2022. About 2021 is nothing unusual. All predictions (other than Bitcoin haters) gave a minimum of that price.

Regarding 2022, it is not so strange because there are many people who think that we are in a delayed cycle, and that the blow off top so characteristic of previous cycles will happen in 2022, although now there are also people who are beginning to doubt whether the top of this cycle is not already touched with almost $70K last year.

So, you can question what he says, but I certainly don't think it's a joke.

I don't see it also as a joke because bitcoin upward trend is definitely going there. It might be this year or probably the next year around. But i have high hopes that bitcoin will start to surge its price in the next days before the bear season comes, and definitely end up with a new all time high. Although the market still looks unstable because most crypto prices are in decline, but if there's big positive news that will suddenly change the market condition, i think bitcoin will skyrocket again reaching its new all time high.

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