I would definitely believe on people who call that bitcoin is going to be bullish to hit that price in situations when the market is down.
Bitcoin is gonna bounce back soon, it will start to grow because after the panic selling, people will also do the opposite which is panic buying due to FOMO.
they are very speculative, I think that's normal to investors like us but only few people sees the real value of bitcoin and they are the people who sees the opportunity to accumulate at dip and still believe on its future potential.
Topic: Jimmy Song 100,000$ Prediction (Read 301 times)
Jimmy Song a bitcoin maximalist and developer has warned investors who still not holding bitcoin in his twitter posts.
He believed that that bitcoin market price is soon going to hit 100k$ valuation,and this would be sorrowful for someone that doesn't believed that bitcoin is worth buying.
https://twitter.com/jimmysong/status/1237371905147101184
He believed that that bitcoin market price is soon going to hit 100k$ valuation,and this would be sorrowful for someone that doesn't believed that bitcoin is worth buying.
https://twitter.com/jimmysong/status/1237371905147101184
I also believe Bitcoin will go 100k. But it’s needed to go at this price. Now we are moving to lower prices again. Human patience is low they wants the price to rise immediately. In fact, this is not possible in reality the market moves at its own pace. I think this is another opportunity for us to accumulate some more bitcoin.
We have once again reached even lower today. I do not understand this "emotional trading" thing that people are doing but that looks like the case here. I mean people literally managed to sell and drop the price of bitcoin all because they are simply afraid of what is about to happen and they have also seen that stock markets dropped even after the FED news so they basically said lets do the same for bitcoin as well.
Bitcoin was actually higher yesterday when FEDs said it and the markets reacted well too, for some reason bankers decided not to take up FED on their offer to fix the economy and just wanted to save themselves as much as they can without going further deep in I suppose. That shouldn't really affect crypto but it does, hopefully it won't take too long.
Bitcoin was actually higher yesterday when FEDs said it and the markets reacted well too, for some reason bankers decided not to take up FED on their offer to fix the economy and just wanted to save themselves as much as they can without going further deep in I suppose. That shouldn't really affect crypto but it does, hopefully it won't take too long.
We will see many more predictions from the analyst because they already draw their line and try to spread it in public. But the truth is we still at a lower price, and even we still below $10k. We don't know when the situations will be changed, but many people believe that it will end soon. We are going to see the halving time soon, and that can make the price increase back, and hopefully, the price can break more than $20k, so we can make a profit again. But still, we don't know when the price will change, and we can only wait for a while.
This price seems to be manipulated, at some point 'cause I kinda think that they are following the huge issue right now for us to get the fear as well on what the current market has. Though we are at the bottom rock right now once the virus been finished we would be able to see a huge comeback from the market. Hence, we would see more claims like this, and halving hype will increase it more, in my opinion. Anyway, $100,000 is kinda big yet achievable it will be a long long way for the market to hit it, and may be this incoming halving won't be enough for it.
I am curious, what he is speculating at this time. a few weeks ago, the price of bitcoin looked like it could reach hundreds of thousands of dollars, in fact, many people thought that bitcoin could reach its new ATH. but, at the moment it seems like many are securing their assets on stable coins or fiat because of the large decrease. Well, no one knows when the price of bitcoin will rise and fall, but now it seems that $ 100k in the near future is very difficult to accept.
Basically, people who predict bitcoin for $ 100k are too big a dream in the near future because of the fact that some have to pass through obstacles first when bitcoin happens so profoundly, I think for half the ATH alone it will be difficult at times like this because they know the global economy is shaking so that it is more secure for assets compared to holding crypto for a long time.
I am curious, what he is speculating at this time. a few weeks ago, the price of bitcoin looked like it could reach hundreds of thousands of dollars, in fact, many people thought that bitcoin could reach its new ATH. but, at the moment it seems like many are securing their assets on stable coins or fiat because of the large decrease. Well, no one knows when the price of bitcoin will rise and fall, but now it seems that $ 100k in the near future is very difficult to accept.
LOL, what do you expect from Jimmy Song? he has been a bitcoin maximalist and even releases book about Programming Bitcoin. So he is a typical perma-bull, after-all.
I even saw one of his tweets like comparing bitcoin blocks to calendar, really hilarious. As for the six digit prediction, of course we doesn't want to see the price of Bitcoin grow that big? However, it might takes years to achieved that, it's not that it's not reachable, but it seems that Jimmy see it happening in like 2-3 years, it might take longer than that.
I even saw one of his tweets like comparing bitcoin blocks to calendar, really hilarious. As for the six digit prediction, of course we doesn't want to see the price of Bitcoin grow that big? However, it might takes years to achieved that, it's not that it's not reachable, but it seems that Jimmy see it happening in like 2-3 years, it might take longer than that.
Jimmy Song is a known permabull, and people - especially those who are new to trading, should be careful when they take advice from permabulls or permabears. You can easily get rekt or miss out on a good trade if you listen to people who tell you exactly the same thing no matter what's happening on the market. Some people bought at $20k because they listened to the promises of $200,000 or $1mil per coin.
Jimmy Song didn't had a "100k prediction" he just said "when bitcoin reaches 100k, that doesn't have any time table on it, it could be in 5 years and he would still be right. Dude is simply saying that bitcoin "ONE DAY" will be 100k and you will regret for not getting it.
I personally regret that I sold my coins instead of keeping them, so my problem is different than not just buying but actually being smart enough to buy bitcoin thinking it will go up but then sell it when it "peaked" at 1000 dollars and sold it for some reason like the idiot I am. Bitcoin will go up, but I doubt it will ever go up like it used to, from 700 dollars to 20k in one year, we will never see anything go up that much ever again, that was probably the only time we could have been rich very easily in our life time.
I personally regret that I sold my coins instead of keeping them, so my problem is different than not just buying but actually being smart enough to buy bitcoin thinking it will go up but then sell it when it "peaked" at 1000 dollars and sold it for some reason like the idiot I am. Bitcoin will go up, but I doubt it will ever go up like it used to, from 700 dollars to 20k in one year, we will never see anything go up that much ever again, that was probably the only time we could have been rich very easily in our life time.
If you sold your coins now you have perfect chance to buy some. It seems price of Bitcoin will not go that high this year, so you have plenty of chances for cheap Bitcoin left. But basically if you are smart you should be just buying whenever you can. Spend $100 a month or whatever you can afford. After few years you will be set nice.
but selling now does not also guarantee you that you can earn a nice income so why sell ? ill better keep mine and wait for a better price but if i have a money i would be buying instead because all coins are cheap . its no pressure to buy them .
spending 100 usd these days for buying a coin can already go alot but not sure on the next month or two but i have a sense that the value would be much better sooner or later . this honey moon period for investors/traders would not last long so better we not miss the oppurtunity
Jimmy Song didn't had a "100k prediction" he just said "when bitcoin reaches 100k, that doesn't have any time table on it, it could be in 5 years and he would still be right. Dude is simply saying that bitcoin "ONE DAY" will be 100k and you will regret for not getting it.
I personally regret that I sold my coins instead of keeping them, so my problem is different than not just buying but actually being smart enough to buy bitcoin thinking it will go up but then sell it when it "peaked" at 1000 dollars and sold it for some reason like the idiot I am. Bitcoin will go up, but I doubt it will ever go up like it used to, from 700 dollars to 20k in one year, we will never see anything go up that much ever again, that was probably the only time we could have been rich very easily in our life time.
I personally regret that I sold my coins instead of keeping them, so my problem is different than not just buying but actually being smart enough to buy bitcoin thinking it will go up but then sell it when it "peaked" at 1000 dollars and sold it for some reason like the idiot I am. Bitcoin will go up, but I doubt it will ever go up like it used to, from 700 dollars to 20k in one year, we will never see anything go up that much ever again, that was probably the only time we could have been rich very easily in our life time.
If you sold your coins now you have perfect chance to buy some. It seems price of Bitcoin will not go that high this year, so you have plenty of chances for cheap Bitcoin left. But basically if you are smart you should be just buying whenever you can. Spend $100 a month or whatever you can afford. After few years you will be set nice.
Jimmy Song didn't had a "100k prediction" he just said "when bitcoin reaches 100k, that doesn't have any time table on it, it could be in 5 years and he would still be right. Dude is simply saying that bitcoin "ONE DAY" will be 100k and you will regret for not getting it.
I personally regret that I sold my coins instead of keeping them, so my problem is different than not just buying but actually being smart enough to buy bitcoin thinking it will go up but then sell it when it "peaked" at 1000 dollars and sold it for some reason like the idiot I am. Bitcoin will go up, but I doubt it will ever go up like it used to, from 700 dollars to 20k in one year, we will never see anything go up that much ever again, that was probably the only time we could have been rich very easily in our life time.
I personally regret that I sold my coins instead of keeping them, so my problem is different than not just buying but actually being smart enough to buy bitcoin thinking it will go up but then sell it when it "peaked" at 1000 dollars and sold it for some reason like the idiot I am. Bitcoin will go up, but I doubt it will ever go up like it used to, from 700 dollars to 20k in one year, we will never see anything go up that much ever again, that was probably the only time we could have been rich very easily in our life time.
it needs to go up 10x more than the current price
A lot more than that now, unfortunately.This isn't a true prediction IMO, just some smoke being blown up the asses of those who might have lost hope in bitcoin because of the recent crash. I'm tempted to call it a dip, but it's been way more than a dip. It's not uncommon for some folks to start spouting bullish sentiments when the market is turning bearish, and that's exactly what's happening here. Don't know who Jimmy Song is (and don't really care much), but I do hope bitcoin eventually gets to $100k.
Right now I'd be ecstatic if it could just maintain a valuation above $10k for longer than a month.
There is no doubt that the bitcoin could reach the market price of 100,000$ in the future that sometimes we just never know what's going to happen in the coming years so investing in this kind of market or in cryptocurrency like bitcoin is surely going to be a big risk to every investor so we can't really blame them if they are afraid to invest their money in bitcoin since it could cost them a big amount of money it was also a big gamble to every investor.
We just never know maybe the Covid 19 virus is going to kill everyone, or war could just show up wiping all the human beings. We could just see something unexpected could happen just like today the market price of bitcoin goes dump in just a small amount of time from 9000$ to 6000$.
But basically, if you are just going to think about it bitcoin could easily reach this market price when technology rise.
We just never know maybe the Covid 19 virus is going to kill everyone, or war could just show up wiping all the human beings. We could just see something unexpected could happen just like today the market price of bitcoin goes dump in just a small amount of time from 9000$ to 6000$.
But basically, if you are just going to think about it bitcoin could easily reach this market price when technology rise.
I don't need to tell everyone in Twitter just to justify all of it.
It may or it may not happen.
All you got to do is HODL.
Don't make them make a fool of you just because you want them to envy you in the future.
It may not be their fault for being innocent with crypto currencies.
I would still rather teach them about it than looking like an arrogant one who owns bitcoin.
It may or it may not happen.
All you got to do is HODL.
Don't make them make a fool of you just because you want them to envy you in the future.
It may not be their fault for being innocent with crypto currencies.
I would still rather teach them about it than looking like an arrogant one who owns bitcoin.
We will see many more predictions from the analyst because they already draw their line and try to spread it in public. But the truth is we still at a lower price, and even we still below $10k. We don't know when the situations will be changed, but many people believe that it will end soon. We are going to see the halving time soon, and that can make the price increase back, and hopefully, the price can break more than $20k, so we can make a profit again. But still, we don't know when the price will change, and we can only wait for a while.
https://coinmarketcap.com/currencies/bitcoin/markets/
Look at the market falling deeper today I think no one can predict correctly even though it's experts I think it will continue to fall again to the lowest price and this cannot be denied because conditions like this are difficult to return to $ 10k.
Recovery will definitely happen soon but the process is again to reach above $ 10k.
We will see many more predictions from the analyst because they already draw their line and try to spread it in public. But the truth is we still at a lower price, and even we still below $10k. We don't know when the situations will be changed, but many people believe that it will end soon. We are going to see the halving time soon, and that can make the price increase back, and hopefully, the price can break more than $20k, so we can make a profit again. But still, we don't know when the price will change, and we can only wait for a while.
He believed that that bitcoin market price is soon going to hit 100k$ valuation,and this would be sorrowful for someone that doesn't believed that bitcoin is worth buying.
I wonder when is that soon cause as far as I can see it. The current btc market is at 6.2k level as of this moment, and probably will go beyond this. During lunch time in my country it was still at 7.5k but now the price keeps falling.It's only sorrowful if people actually did consider buying it and just never did. I think for people like Buffet, he is happy to keep his word and even if BTC goes to 1 million, he won't feel a little bad, cause he believes in his stocks and shares, he doesn't believe in bitcoin, simple as that. Jimmy Song or CW or whoever, I support BTC but I don't know why I don't like these guys.
Checked even his precious stock are all going to nowhere. We are now in global crisis due to the pandemic virus and even technical analysis has now been ineffective with people panicking around the globe. 
It's only sorrowful if people actually did consider buying it and just never did. I think for people like Buffet, he is happy to keep his word and even if BTC goes to 1 million, he won't feel a little bad, cause he believes in his stocks and shares, he doesn't believe in bitcoin, simple as that. Jimmy Song or CW or whoever, I support BTC but I don't know why I don't like these guys.
If nothing else, they are creating something to talk about crypto. Though we don't like a lot of self-proclaimed crypto experts out there, somehow, they will create buzz in the online world. And who knows, some newbies will try to check on bitcoin or crypto owed to them. So long they are not harming anyone, they are free to do what they want in crypto. In some ways, we need those people to push crypto adoption.
It may or may not happen. But if it happens, it will surely be years from now. It will not happen overnight. If it does not happen, that does not mean that the price of Bitcoin will not rise. If 100,000 USD will prove to be too much of a goal, the fact still remains that it will not be impossible to reach even half of that goal. Either way, Bitcoin is still something everybody should be HODLing. If it fails $100,000, it will surely not fail $50,000.
When an anonymous guy posted about predicting the future bitcoin prices right back in 2011, some really felt it was an achievable target by considering the technology behind bitcoin and some really believed it might reach $1000+ in a futuristic era. After a 6 year of trading period, the price was double the predicted price. All these are literally based on the popularity and demand of bitcoin which was an achievable target.
Similarly $100k would be possibly achievable but they might take years or decades to reach the point. The trading, usability in real world, scalability all paves way for the transactions to speed up and to be an equal competitor to a system like Visa which process over 1500-1700 transactions per second. But when bitcoin reaches the limit, hodlers are the people who would rejoice and common people who still believe on alts and central bank currencies lose the opportunity.
Hal Finney predicted a price when he first got to know about bitcoin through Satoshi. At that point, bitcoin would replace global currencies and will be called up as a new sort of asset class and currency which would be used for global transactions. All we need is use cases for these predictions to become real at some point of time. What would be the use for people buying a piece of code if they weren't helpful at any point of time to them?
Similarly $100k would be possibly achievable but they might take years or decades to reach the point. The trading, usability in real world, scalability all paves way for the transactions to speed up and to be an equal competitor to a system like Visa which process over 1500-1700 transactions per second. But when bitcoin reaches the limit, hodlers are the people who would rejoice and common people who still believe on alts and central bank currencies lose the opportunity.
Hal Finney predicted a price when he first got to know about bitcoin through Satoshi. At that point, bitcoin would replace global currencies and will be called up as a new sort of asset class and currency which would be used for global transactions. All we need is use cases for these predictions to become real at some point of time. What would be the use for people buying a piece of code if they weren't helpful at any point of time to them?
Jump to: