Topic: JP Morgan: bitcoin could hit $146,000 - page 3. (Read 752 times)

this institution is just purely for business here. remember before when its CEO said bitcoin is 'worthless', and now, they are seeing the price is going up and reaching new heights, they want to ride the popularity of bitcoin.
they may have the money but for me, they are not credible with respect to giving predictions. just another institution who wants media attention, so they can attract more investors.

They have their own narrative for pushing that prediction obviously, and it's going to be double edge sword. If they hit it, they can brag and say to their investors "I told you so, so bring more money to us and we will make more money to you". They will make some noise and sell it to their investors and even to those average joe who read the news and maybe they are going to invest as well. So we will see how this predictions will happen this year or at least the first quarter of 2022. Could be a hit or miss.

By the looks of it I would suggest that it will be 2 ahead 1 back, that is the type of movement that makes bitcoin go up strongly. Sure, it goes up a lot, and then it goes down a little bit. So, maybe it will be 75k and then 71k then 78k then 75k then 81k then 77k and so forth. If we could do this consistently then we could see it reach 146k and even more. However it will not be easy to do something like this, it will take a while to reach those levels. To be able to be consistent in the crypto world is not something that I would expect bitcoin to do, it is almost always unexpectedly moving up or down, so I hope that it does happen that way but I am not going to hold my breath for it neither.

Comes to a point that words out of these people/institution wouldnt really be that important for us to mind off because they arent consistent or do change up from time to time as they do like.
So better to ignore and wont really be stressing out yourself whether they do predict about those 6 digits or predicting about those crash in price.What you should think is that
on how you would able to utilize these current movements for your benefit.You cant really just let those words would affect your decisioning in terms of investment.
Always take consideration that no one could ever predict on whats ahead.

We may not see the point of those predictions especially when it seems JP Morgan is contradicting itself constantly, but for the average investor this is gold, they love to hear about the predictions banks and other investors make about an asset as they mistakenly believe this gives them insight about the markets and gives them an edge.

Which makes no sense as how can they get an edge from information which is publicly available? So just ignore it and treat it as the background noise it really is.

By the end of the running year 2021 Bitcoin price may be hit the highest $100k but many experts predict that Bitcoin would again dumped step by step 4 years gapping... 2022 would be the another the biggest bearish...

Sorry to nitpick, but I think it's important when talking about investments, and what someone might perceive as investment advice. Reality, and "could" as you say don't really go together, at least not exactly. You're partially right that Bitcoin could continue to rise just like history has suggested, however the reality of it is we don't actually know. There's not one person out there that can say the true value of Bitcoin, well at least in price terms. Of course, depends what you perceive value to mean, if you perceive value to mean freedom of your finances when I imagine the value of it is pretty high, however since we're in the speculation section, and when most users say "value" they actually mean the price of Bitcoin.

Value, and price are two different things, and while one might contribute to the other they aren't exactly mutually exclusive. Bitcoin can still be valuable, if the price crashed. However, to get back to my point; Yeah, Bitcoin has continuously gone up in its history, and if we were to take history as a sole factor, we would be expecting it to continuously go back forever, but that likely isn't reality. Bitcoin, as with everything likely has a ceiling, and while you, and I might think that's a while off, we can't accurately state without a doubt in our mind that's the case.

So, while I definitely admire your optimism, I don't feel comfortable with saying "Bitcoin will go up", when I know there's many factors which could potentially limit that, despite wanting to believe that, and probably quite confident. I would rather say, "Bitcoin has the potential to go up" just because this could potentially be seen as investment advice, and for me I'm not particularly keen on offering investment advice when I'm not actually sure of the outcome.

Those FUD may or may not be part of their manipulation. We cannot be sure whether every time they use their influence to speak against Bitcoin, they are also secretly putting up cheap buy orders. They know they have the leverage in terms of how they speak about Bitcoin because they are famous personalities. Their statements can make waves because news are made out of them. They will be put on headlines even. But, regardless, we shouldn't be swayed and allow them to take our Bitcoin. We continue to hodl in highs and lows.

We should never feel bad about crypto, it is certainly something that we should always be hopeful about. Yes, there are times when the price drops but the reality is that as long as we can hang in there then we could make a profit. Obviously it is not going to be easy, and yes sometimes that is not something that we could all feel and emotions run wild and sometimes we can't help but feel bad.

It looks easy to say this when the price is so high, but even when it dropped to 30k you could check my posts and see that I have been promoting buying more crypto. Never get discouraged about crypto and always feel like you are doing the most rightful thing for your finances when you are buying it. Crypto may drop here and there but in the long run it has never failed to go up, and that is why we are buying it, not because it could be higher tomorrow, but it WILL be higher in the future.

Basically, I hate predictions like this because if you make these sort of predictions, and aren't right no one will bat an eyelid. Though, if you're correct in your prediction (out of sheer luck) then people will take your predictions with more weight, despite having 99 predictions before that being wrong.

Particularly in poor taste too, since I believe a few months prior or potential within a year his account was hacked on Twitter among many other celebrities, and the malicious user posted a Bitcoin doubling scam or something along those lines. You'd think he'd refrain from talking the nonesense he did about Bitcoin, and then trolling with Doge. At least, I believe he must have been trolling with the Doge predictions, and hyping it up.

it seems what you say has become something that is commonly done and is always optimistic when it increases but pessimistic when there is a decrease. actually something that happened must be addressed with everything that has happened, if you believe it is increasing then you must also accept if there is a correction.
actually something that is natural in crypto especially with bitcoin will always give a surprise every step that will be taken.

The important from that is how we can enjoy every moment of bitcoin price because we can become stressed to think about the time to hit $146,000.
If you can be ready for that, you will use your time to make more and more bitcoin before the price starts to rise and jump and hit that price because you will want to have more bitcoin and sell it at the right time.
The bitcoin price can hit any higher price in the future but if we do not have any bitcoin or only have a small amount, we can feel regret or sad that why we do not use our time to make more bitcoin.
There will be many more speculations, not just from JP Morgan, that will we hear soon, especially when the price can hit $70,000 in a short time.

Sadly this is not true for majority of people (only a small number of them will realize the absurdity). Most people have short memories, they quickly forget the shady things some of these people have done. You can see even today how they are once again talking about Elon Musk and Tesla [maybe] accepting bitcoin and think of it as a reason that may cause a rise again! They forget how he spread FUD about bitcoin a couple of months ago.
Or take Binance for example, most people today have either forgotten or don't even know how they were trying to 51% attack bitcoin when they got hacked!!!

Free to spread fud too. AS they also did in the past. Jaime had been doing it since the time when BTC got a price.

Amazingly Jaime was saying I think it was last month where he said in an interview that BTC is worthless. But this month JP morgan is speculating it to rise more than $145K.

JP Morgan and Elon Musk are all free to manipulate the price of Bitcoin. They can do it as much as they want. If it is true that they are manipulating the Bitcoin market, let them be. The Bitcoin market is open and free. Everybody can join, both retail buyers and large whales. They have the money so they can influence the market to a certain extent. Let them do their thing and we do ours. We will try to ride with their calls. But the best thing that we can do is to keep our Bitcoin. Never sell them to these whales. They will grow even bigger.

Right. And with its high volatility, its not surprising that bitcoin will definitely hit the target in the near future. Though this prediction is still a big question when this will happen, but knowing JP Morgan, this is more like of a market manipulation same with what Elon Musk did before. But for me, this isn't new as almost all of us are predicting bitcoin value to reach a very high and valuable amount. And with its increasing huge demand basically from big institutions, this will be more reachable maybe in the first quarter by next year.

It is not about Bitcoin could or could not hit $146,000. It is only about when. It is only a matter of time before Bitcoin breaches $100,000 and then on to $146,000 and beyond.

But the interesting thing here is not the price prediction as it is a given that Bitcoin will reach it. It is the fact that the one predicting it is a giant banking institution. This is a signal of how bullish Bitcoin even banks believe in its potential. Nowadays there is no reason to doubt Bitcoin anymore.

maybe, as I see when guys like that are making these predictions, it seems like the market reacts really fast and the price goes up, of course it's a coincidence. But the funny part of it all is that if the price dropped too much they would be making peximistic price forecasts. they surf the wave: price goes up and they show up with optimism, price goes down a lot and they show up with peximism

The sad part about it is that banks actually use our money to fight against us. They do not really have money of their own, we give them that money and yes they do make a profit so they technically should have money. However they give out so much loan that the savings that we have is not enough to cover that. It means if people take out their money from banks, and do not pay their loans, that huge company that fights against us would be bankrupted in a single day.

So all of that power that banks have comes from the power we give to them, and crypto is hurting them because of this. We could put our money into crypto instead of banks and that would mean banks would have less assets in their ownership and they will have less ammo to fight against us. This is the reason why banks do not look at crypto kindly, and that will go on forever since it is not helpful to them at all.

I think there's no wrong in following them but we should also see to it that their predictions are more practical than being unrealistic. But since bitcoin is always being volatile, $146k is very possible and the price could go up even more, but not gonna happen this year. Even if there's a sudden healthy price correction that will occur, the price will still not hit the target. Maybe predicting between $70k-$80k can be more realistic and very practical.