Topic: Going to sleep, wake me when it's $100k - page 3. (Read 1900 times)

Bitcoin may be unpredictable, but the market will continue to be on fluctuation from now till end of the year. Since bitcoin record a new all time high of $104K, the momentum in the market has reduced and we can now see a lot of the movement been slowed and experiencing a major correction. If bitcoin doesn’t break its current ATH again before the end of the year, I don’t see it making any big move again. Bitcoin as far achieved a lot this bull run, and it may be that we will not see any big move again until the bull run is over. A lot have began to cap this bull run ATH at $150K again after bitcoin record an ATH above 100K. It’s just a matter of time for us to know whether it’s going to reach that price level or not before the end of the bull run expected to continue till next year.

You already know that correction is inevitable especially now that the price has hit the selling range of many bitcoin investors so there will surely be resistance around the $100k till the market gain balance, probably it may not fall below $100k again but from now till the end of December, we will keep experiencing corrections anytime the price hits $100k. However, apart from corrections, volatility will always cause market fluctuations. But it's good that after the market experiences correction and go below $100k, it gets back again after a day or couple of days and it has been maintaining this order since the $100k price point was gotten on 5th December.

I am saying that I would be willing to take the other side of the bet for anyone that proclaims that bitcoin is going below $60k, which largely means that I believe that the odds are greater than 50% that it will not.  I have no clue about the exact percent or the odds, yet I would be willing to take the otherside of a bet with anyone proclaiming that bitcoin is going to go below $60k ever again (with a deadline of December 31, 2025). 


Sure, the bitcoin price can make large price corrections even during a bullrun, even in early 2021 the BTC price got up to nearly $65k, and then the BTC price corrected more than 50% down to below $30k in mid-2021, and then resumed up and touched upon $69k in late 2021 before it corrected (or crashed) back down to $15,479 in November 2021. 

Usually in bitcoin we are not going to end up experiencing a large correction unless we also had some kind of a large upward exponential period, yet I am not going to proclaim that flukes might not happen, and so there are chances for a lot of things that can end up happening, yet the main question for a bet would be figuring out if there might be sufficient disagreement and therefore something that is clearly definable and bettable.

By the way, giving a lot of things going on in and around bitcoin and also some various macro dynamics, it seems that a top for this cycle of around $120k would be quite a whimpy top, especially considering that our last all time high top was $69k, and then our all time high top in 2017 was $19,666 and then our ATH top in 2013 was $1,163.  Of course, you are free to believe what you like and to come up with your various theories about what you expect, whether you are trading or investing or if you are trying to figure out how to manage your bitcoin holdings and if you might change what you do in regards to your bitcoin holdings based on your anticipation of possible (or likely) BTC price movements in the coming months or year.

You seem to be giving more weight to possible corrections than me, currently and you also seem to be a bit whimpy about your thinkings of where this cycle's top might be, and maybe in the end it may or may not matter, since I personally don't trade my bitcoin, even though I do schedule locations to buy on the way up and then I buy back with proceeds from my sales, yet I don't consider myself to be trading since I could give few shits if I am able to buy back or not, since the amount of BTC that I sell on the way up tends to be very small portions of my BTC holdings, and I consider those proceeds to be merely kinds of insurance that may well end up getting spent if the BTC price keeps going up and does not correct.  Right now I have buy orders down to about $26.5k, yet I don't expect anything below $60k to be filled, and so if I ever need any money, then I just cancel the lower buy orders first and I use that money for my expenses or anything that I am planning to buy in which I don't have enough fiat in my other accounts.


Over the years, we have gone through quite a few doublings in bitcoin's price, and surely some of those doublings were during price discovery phases (identifying new prices) and other times, we were retracing (or revisiting) BTC prices that we had previously visited.  We can talk about doublings of the price or we can talk about compounding of BTC's value, so even if we go back to 2015, we can see that we had 8 doublings of the BTC price, and so if we get to $128k, then that would be a 9th doubling since $250 in 2015.  See this earlier post of mine... with some additional edits at the bottom..


I doubt that the mere fact that the number ($100k) seems to be a BIG number that causes considerable difficulties to double from there a few more times, whether in this cycle or in future cycles.  Surely the number seems BIG, but $1k seemed big in 2013, and $10k seemed BIG in 2017.  We made it through those numbers, and the players in bitcoin have been getting bigger and BIGger and BIGGER, too.

Yeah it will be indeed cool seeing  Bitcoin at price range of 200k , well we can't tell the future but all I know is that Bitcoin still got some room for growth, as a potential coin , yeah that's how some folks doubted when , there where speculation of Bitcoin hitting 100k and now is already hit it , now we are waiting for the next break through that will conclude this bull market which I believe may take place year 2025 , but still won't bother myself with such while I have some Bitcoin i got to stash ( accumulate).

Hmm interesting so you are saying that it's a 50% chance of Bitcoin reaching $60k again? Well I don't think I can make any argument to that as I haven't seen where the bull market will land the price of Bitcoin but for assumption sake the ATH we are all expecting gets to land at $120k then I think the price can slice up into half and get to that $60k and I make this assumption due to the last big Dip that Bitcoin experience of which it broke the barrier of going down more than half of it's new ATH which was around $67-68k  during the last ATH as the price was Dip at close to even $16-17k which was more than half.

Anyone proclaiming that bitcoin to drop below $60k ever might well be entering a bettable proposition, and sure the odds are greater than zero, yet I doubt that they are greater than 50%, which makes it bettable.  I would take that bet on a 50/50 basis, and my side of the bet that bitcoin will never reach sub $60k again  - yet I would make the bet date to be endable as of December 31, 2025.

Trying to assure us of the price breach of 200k and aslo at the same trying to be careful, Lol , well I wouldn't blame you if saying that 200k sounds too optimistic but I would like to remind you that so many other people also said the same thing when the price was just 23k as the start of this  year but take a good look at the difference and gap it has covered with this little movement, believe me friend I won't be surprised at all if Bitcoin was to crawl up to 200k next year amidst the bull market.

After waking up bitcoin is still around $100K.

Don't listen to bitcoin haters, ignore people like that because there will always be a lot of noise, now be happy to see bitcoin is $100K and it will continue to rise after that.

Yeah it will last until $200K seeing the potential is still very convincing, don't sell now the bullish time is still long.

Next year it is possible to reach $200 because bitcoin has one exciting of moving, but $200k sounding too optimistic , but I believe it could hit the price range of $150k , that one is kinda more ensuring compare to $200k (though still been optimistic). But I know 2025 will also be a year of green , this year was just a warm up , didn't believe at first that is going to hit $100k this year I thought it will happen next year, and it endup happening this year so I won't be surprise if Bitcoin hit $150k-$200k next year
 

Investing now is actually an opportunity using any strategy of your choice, no doubt it’s the best time now not minding the price movement probably for someone who have not gotten a good profit should still invest anyway it all depends. Will $100k range be the last uptrend we’ll see? No, perhaps I will consider this as another opportunity or a better price to buy and hold. The market is unpredictable doesn’t mean bitcoin is not guarantee, I believe bitcoin reaching this level works with time likewise investors buying now must exercise patient.

Maybe you are right. Assuming that the 2025 season is a rising season.
If it does not reach 200 thousand dollars, it will take a few more winters for it to reach 200 thousand dollars again in this bull run, that is, it may open its eyes on the date you mentioned, so it should not close its eyes.
This is an assumption that comes to me, maybe we close one eye and open it a year later and Bitcoin has reached and surpassed the figure you mentioned.

2030? I don't know I feel you think too low of Bitcoin price increase and potential this bull run.
If Bitcoin doesn't cross $200K next year I would be quite surprised.
The only thing worthy about $100K was that it was our first 6 digit mark in terms of dollars.
I think I saw someone stating Bitcoin could fall to $60K while reading
Well in my opinion, I don't see that happening next year or this year.
Is not that I'm been too optimistic
Just an historical fact.

Of course, if we are looking at the monthly openings and closings to figure out whether the month has been positive or not, we currently have December as positive, yet still  a moving target in regards to whether it will close higher than its opening, which on Bitstamp the opening price was $96,471. 

Even though we still have 23.5 more days before December closes, to me, it seems we have pretty decent chances of closing higher than our opening.

Crazy thing is also that the BTC price can reverse its directional momentum at any time, yet my own senses is that from here generally speaking UP is going to be more painful than down, which causes more incentives to go up rather than down in order to cause the most pain, and this time, the pain is for all of those folks selling coin around $100k and wrongly expecting the price to go down or they place such high expectations to be able to buy back cheaper than they sold (perhaps even more than 15% cheaper to make up for any tax consequences that they might have suffered from selling). 

The pain is also for the many low coiners and no coiners out there who are failing/refusing to sufficiently/adequately prepare themselves for up.  We even have many of those kinds of people in this forum who are frequently worried about the BTC price to their own peril, so they are frequently hemming and hawing about whether to buy now or to wait for a dip, and so they have an ongoing and repeated historical record of spending way more time waiting and stressing about the BTC price rather than buying BTC ongoingly, persistently, consistently and aggressively.  So anyone who might have had been on the forum for a couple of years already would have had a lot of opportunities to buy BTC at decent prices, and they would have had been able to stack a decent amount of sats in the last couple of years. Even stacking sats in much of our 2024 price range of $55k to $70k may well seem like genius now and into the future for those folks starting out their bitcoin accumulation journey in 2024, which is soon coming to a close.

As far as next year, who knows? Sure we can have our theories, and surely at this point it is looking quite bullish for 2025, and on a personal level I don't really like to get into too many specifics in regards to any prediction that I make beyond suggesting that whatever high that we have in 2024 will be surpassed at some point in 2025.. yet by how much, I cannot really say... .. and so the minimum prediction of having a greater ATH in 2025 as compared to 2024 seems to be a most conservative kind of prediction, and really the higher that any of us attempt to predict, the lower the odds come for any of the scenarios.  When I look at my BTC price prediction of various ranges that I made on December 16, 2021, we have to be more bullish now than we were then, since the BTC price has already at least made it to $103,647, which is our current ATH on Bitstamp.... so frequently if there might be some kind of an attempt to predict into the future, we have to account for how far we have already gotten (what is the current ATH and whether it will be surpassed).  Another thing that I like to account for is the 200-WMA.. and perhaps how far away from the 200-WMA the spot price might be, yet that 200-WMA as it relates to spot price does not give any kind of solid idea in regards to where the BTC price might be going in terms of various possible price peaks, even though it seems to give some decent senses about where the bottom might be in regards to any crashes that might end up coming at later dates.

After Bitcoin created the first historical moment in its history, there was a slight dumping again. At that time the price of Bitcoin fell to around $90k dollars. Despite the slight dumping, the price of Bitcoin continues to rise, Bitcoin has once again touched the $100k mark.

According to CoinGlass.com, the price of Bitcoin was the most bullish since 2020 in November this year, Even this month Bitcoin has seen the biggest increase and touched the price that everyone expected.


It may not be possible for anyone to predict the market accurately. It made new ATH after Bitcoin touched $104k. There is still a lot of time left before the new year, from the upward trend of Bitcoin in the market at present, we can imagine that Bitcoin may reach other heights at the beginning of the new year.

Whether u buy BTC or not depends entirely on you. You have to see what you actually want to do first. If you are thinking long term then there is no fixed time for you to buy Bitcoin you can buy Bitcoin anytime as per your convenience.

If you can invest by maintaining DCA then the opportunity to buy Bitcoin is now. It is not important to pay attention to which direction the market has gone if you invest by maintaining DCA.

If you are not investing for a long time then it is better not to buy Bitcoin at the present time. The market is unstable. If the instability is a little away then I think Bitcoin will be the best. Wait a little and see which direction the market goes then you can buy.

I'm a bit late to your thread, but I want you to know that history has been made. Bitcoin has achieved the $100k mark that made you sleep in a creek hotel without paddle. And if you are still asleep, I am on my way to the creek hotel where you are sleeping so that I will wake you up and we will go partying to celebrate bitcoin at $100k mark.

There's no better time to buy bitcoin, so I will suggest that if he is interested in accumulating bitcoin, he should do it right away when his money is readily available without timing the market because he is not certain if a dip will happen today or tomorrow.

If you are long to holding Bitcoin, there's no need to worry and think of buying. If your targets are higher than $100k, buy. It's always been a good time to buy if the game plan is from this cycle up to 2028-2029. But can wait until this bull run calms down and buy by that time.

I think that we've seen the support this time. Liquidation for the long ones but this is a good sign that we've crossed $100k. We'll be back there anytime again soon.

Yep.  We had about 17 hours above $100k, and surely that should be a sign that we are going to continue to go up.

I am ONLY willing to bet that the BTC price will stay at least 20% higher than the 200-WMA for the next 13 months is because I think that the odds are greater than 50/50 and also I think that it is an interesting bet.

We know that bitcoin does not always follow majority scenarios, so sometimes will shoot far in one direction or another, and way past expectations, and that tends to be part of the reason for the overshooting and also how a lot of traders can get totally wrecked on such an otherwise great investment.  Bitcoin is likely the best investment that is widely spread and available all overr the world, including that an overwhelming of the people of the world remain no coiners and low coiners, and bitcoin's  price is likely being driven by a  pretty small segment of the world's population, even though more and more people are finding out about it.


Whatever high is reached this year is likely to be lower than the high next year.   Other than that, I have my own difficulties having an exact vision, beyond a tentative idea that with all of the ongoing buying from BIG players, we are likely going to at least bounce within the $120k to $180k range.... for a while.... and sure perhaps we could bounce into that range prior to the end of the year, but hey, who knows?


$200k could happen within a month or two, yet it may be better to take a bit longer to get there. Sometimes it can be difficult to know who well buy support is going to be able to keep up during the times that the BTC price is moving up into new price ranges - also known as uncertainties of price discovery..

I'm awake but the fuzz was no longer high. Is it a good buy time?

Now, the price has fallen below 100k again. Maybe it's not stabilized yet

There's always going to be people willing make bad decisions for the market to move. They can still buy back not to regret when price eventually hits $150k

Irrespective of fixed supply of bitcoin, it's still gonna be circulating.

Please don't do that... Don't sleep, otherwise you might not wake till 2030.

Hi Op, It's time for you to wake up and buy Bitcoin again.

Btw the price has crossed $100k even more because I saw the highest price today is $104k. So are you planning to lock this topic, Or do you want to edit until you wake up again when btc reaches $200k.

This year is full of tension, I mean Some bad decisions were made by the German command, where they sold Bitcoin at a cheap price, and they should regret seeing BTC reach $100k today because their BTC stock is Zero.

I think that kind of mistake should not happen to us, where we should be patient and keep accumulating Bitcoin because the supply is only 21 million coins.

I think I have a hope in this thread, I want to see btc reach $200k and please wake me up.