Maybe it's time for BTC to take off and reach the $100K - page 5.

Lucius

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Quote from: virtualdn on March 08, 2023, 03:42:13 AM

All this wait, same price for months, sounds like the calm before the storm. Maybe it's time for BTC to take off and reach the $100K. Just saying. This price is a joke for BTC's potential. Of course all we can do is hope. But it makes me wonder why it's not happening yet. Right now BTC is cheap as peanuts. Luckily 1 BTC = 1 BTC.

Why should it happen right now? In fact, there is no meaningful reason to expect any major bull run this year, and perhaps even in the first half of next year. In order for the price to go up, investors are needed, and given that interest rates are still going up, it seems that we will still have to wait for serious investors.

Bitcoin is neither cheap nor expensive, its price is as dictated by the market, and considering that the P-man from the FED spoke yesterday and was quite negative in his statements, it is not surprising that the red color prevails these days.

AverageGlabella

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Bitcoin is not a joke but I do not think this year we will see $100000 I think we are more likely to see that when the halving has happened and there is not as much Bitcoin being mined. It might create a nice bull run because people have fomo and buy more. I hope it happens before he have too much adoption because people will just sell at $100k and never invest back into Bitcoin if it happens before we reach $100k.

Nrcewker

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Quote from: virtualdn on March 08, 2023, 03:42:13 AM

But it makes me wonder why it's not happening yet.

See Bitcoins follow the policy of supply and demand. Like any other asset, when the supply is low and the demand is high, in order to meet the demand, the commodity’s price increases. Similar things also happen with bitcoins. Moreover, bitcoins have another advantage in that their supply is not low; rather, it is limited or fixed, so we have more chances that bitcoins will become more valuable. We have to now just wait for the perfect time, when the demand will increase and along with that the price will also go up. Just don’t become impatient and sell your hard-earned coins.

tabas

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Chill, there's no need to rush for bitcoin to reach $100k. There will be a certain push for it once the halving is done. We're not yet there but we're getting close as day passess by. Bitcoin will shock the world again and most financial and capital institutions that have already made their moves are just waiting for that time to come.

Quote from: virtualdn on March 08, 2023, 03:42:13 AM

Right now BTC is cheap as peanuts. Luckily 1 BTC = 1 BTC.

And that's why those that still haven't got in while the halving is close to happen, they're all gonna regret that they've just let it passed that bitcoin was $16k-$22k. While we're speculating that it would certainly go up after the halving, hopefully that the cycle will be different and could potentially be up before the halving but whether it goes before or after, both will do for most of us.

OgNasty

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Tim Draper certainly agrees with you. He has been caught recently saying that he believes there is a 100% chance that bitcoin will reach a quarter million dollars by the year 2024. The last time Tim Draper had a crazy prediction about bitcoin. It turned out to come true. I believe the price was around $200 when he was claiming that it would be in the thousands and everyone thought he was crazy. It turns out he was dead on.

maydna

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We all want the bitcoin price to take off and reach $100k, but unfortunately, we can't make it that way because there is still a lot of price fluctuation that will happen before the price really takes off. The potential for bitcoin to reach $100k is still wide open, but in the meantime, the price needs to increase slowly from its current price to a higher price. Yes, we can only hope that it will happen this year or even next year, and we are still lucky because we can prepare our bitcoins to sell at the next highest price. Never give up hope in waiting for bitcoins because if that happens to you, you will lose the enthusiasm to keep holding bitcoins in your hands.

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Quote from: Husires on March 08, 2023, 07:55:39 AM

Quote from: virtualdn on March 08, 2023, 03:42:13 AM

All this wait, same price for months, sounds like the calm before the storm. Maybe it's time for BTC to take off and reach the $100K. Just saying. This price is a joke for BTC's potential. Of course all we can do is hope. But it makes me wonder why it's not happening yet. Right now BTC is cheap as peanuts. Luckily 1 BTC = 1 BTC.

In order for such a rise to occur, there must be a high demand and a fixed or low supply, meaning that the supply must decrease, which is something that did not happen, and the demand increases very dramatically, which is also something that did not happen, and therefore there is no opportunity to reach the price of 100k with the current data.

If we only have control over the market, we'd like to move that way but unfortunately, we are just reliant on the market demand as the supply is fixed. Upon seeing the market trend, we are actually far from reaching $100k this year as dumps still happen as checking on the chart.

Quote

When will that happen? At any time during the next 8 years probably.
What you are trying to say here is not speculation.

It is pure speculation and usually went wrong. But the positivity that OP has is out of reality. Reaching $100k is not impossible but putting in a time frame makes it unreal as no one knows. Might we reach first at $50k and slowly hit back to $70k...and reaching $100k is another ATH.

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Quote from: naira on March 08, 2023, 05:14:33 AM

Quote from: virtualdn on March 08, 2023, 03:42:13 AM

All this wait, same price for months, sounds like the calm before the storm. Maybe it's time for BTC to take off and reach the $100K. Just saying. This price is a joke for BTC's potential. Of course all we can do is hope. But it makes me wonder why it's not happening yet. Right now BTC is cheap as peanuts. Luckily 1 BTC = 1 BTC.

13 hours ago I found an article related to Mt.Gox giving up the deadline until March 10 so that customers are required to choose the payment method either using crypto exchange, banks, or other types of payments. Now based on the information I found that Mt.Gox customers will receive payments in early September 2023 with a gradual payment record. Therefore, concerns in the market can occur if Mt.Gox customers choose to receive refunds in the form of Bitcoin.

So will 6 digits be seen in a short time or vice versa we will experience something that is quite terrible if there is a sale action by all Mt.Gox customers?

https://cointelegraph.com/news/mt-gox-creditors-have-until-march-10-to-register-and-choose-repayment-method

As far as I know, even if the creditors of Mt.gox will get the payment this year, that's not a bad thing. Because they can't take on all the debt just once, it will be released by Mt.gox on a schedule and can take many years to complete. Although I want those victims to get their money back, I really doubt that they will pay the victims bitcoins. Mt.gox's bitcoin release has been rumored for years and talked about every year, but so far, no one has received any compensation. Regarding bitcoin going up this year, I also doubt it, I will just believe bitcoin hit ATH after halving, no surprises will come, IMO.

Husires

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Quote from: virtualdn on March 08, 2023, 03:42:13 AM

All this wait, same price for months, sounds like the calm before the storm. Maybe it's time for BTC to take off and reach the $100K. Just saying. This price is a joke for BTC's potential. Of course all we can do is hope. But it makes me wonder why it's not happening yet. Right now BTC is cheap as peanuts. Luckily 1 BTC = 1 BTC.

In order for such a rise to occur, there must be a high demand and a fixed or low supply, meaning that the supply must decrease, which is something that did not happen, and the demand increases very dramatically, which is also something that did not happen, and therefore there is no opportunity to reach the price of 100k with the current data.

When will that happen? At any time during the next 8 years probably.
What you are trying to say here is not speculation.

Bestdss

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Bitcoin making this type of electric speed movement will seem virtually impossible, I don't know or think about any analysis that will fuel this movement because basically Technical Analysis has not been living up to expectations in recent times, then if its fundamental analysis what could trigger this this movement?
I just presume Bitcoin will likely hit $30k this year, if it crosses then we see it but I doubt, seeing 100k movement might be around the next 3-4 years, presently the world economy is recovering and I think all these works simultaneously.

dragonvslinux

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Quote from: KaliLinux on March 08, 2023, 05:40:31 AM

It does seem like the Bitcoins price keeps getting rejected at the red descending line and the white line saves as support even from back since 2017. So if this price will still drop down some more, that $20k price could happen since that support line is within that range or even lower but overall, I believe that $100k is not a problem even if not as quickly as OP thinks.

It'll be interesting to see if Bitcoin holds this support trend-line in the coming years. It will be around $25K by 2024 and about $30K by May 2024 when the halving is due, which I think is realistic based on a lowest price, especially if prices are to rebound strong towards $50K which I still find relatively likely based on 2019 relief rally / mini bull market, as well as a retracement to around $25K to $30K there after.

As for $100K, I think that'll take until 2025 to reach personally.

KaliLinux

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Quote from: NicNacCoin on March 08, 2023, 04:54:52 AM

Quote from: virtualdn on March 08, 2023, 03:42:13 AM

All this wait, same price for months, sounds like the calm before the storm. Maybe it's time for BTC to take off and reach the $100K. Just saying. This price is a joke for BTC's potential. Of course all we can do is hope. But it makes me wonder why it's not happening yet. Right now BTC is cheap as peanuts. Luckily 1 BTC = 1 BTC.

The Bitcoin market has been capped at $22,000 for the past several weeks, is this cap a sign of an upside for the Bitcoin market. I totally agree with you because the environment is pretty quiet before the storm starts. The Bitcoin market will start storming because of this or maybe there has been a stable market condition in the Bitcoin market for several weeks. However, many believe that the March Bitcoin market may be between $25,000 and $30,000. Others predict the opposite and their prediction is that Bitcoin may fall below $20,000 in March. But no matter what the Bitcoin market is, Bitcoin means Bitcoin, that is, 1 Bitcoin = 1 Bitcoin.

Bitcoin actually traded above $25k on 21 Feb. 2023 and was not really capped at $22k as you said for the past weeks however I do also believe as some people have predicted if you look at the Bitcoin daily chat as seen here:

It does seem like the Bitcoins price keeps getting rejected at the red descending line and the white line saves as support even from back since 2017. So if this price will still drop down some more, that $20k price could happen since that support line is within that range or even lower but overall, I believe that $100k is not a problem even if not as quickly as OP thinks.

inthelongrun

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Relax mate. I am not yet done accumulating. But there is no new ATH until the next halving of bitcoin. Maybe bitcoin will close at $30k by year-end. The world economy is still recovering. $100k may not even happen until 2025. Instead, I am taking this time to continue my DCA and it will continue until next year. I felt happy every time bitcoin moves up or down anyways. How I wish it is really as cheap as peanuts so I can buy hundreds of thousands of them.

naira

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Quote from: virtualdn on March 08, 2023, 03:42:13 AM

All this wait, same price for months, sounds like the calm before the storm. Maybe it's time for BTC to take off and reach the $100K. Just saying. This price is a joke for BTC's potential. Of course all we can do is hope. But it makes me wonder why it's not happening yet. Right now BTC is cheap as peanuts. Luckily 1 BTC = 1 BTC.

13 hours ago I found an article related to Mt.Gox giving up the deadline until March 10 so that customers are required to choose the payment method either using crypto exchange, banks, or other types of payments. Now based on the information I found that Mt.Gox customers will receive payments in early September 2023 with a gradual payment record. Therefore, concerns in the market can occur if Mt.Gox customers choose to receive refunds in the form of Bitcoin.

So will 6 digits be seen in a short time or vice versa we will experience something that is quite terrible if there is a sale action by all Mt.Gox customers?

https://cointelegraph.com/news/mt-gox-creditors-have-until-march-10-to-register-and-choose-repayment-method

NicNacCoin

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Quote from: virtualdn on March 08, 2023, 03:42:13 AM

All this wait, same price for months, sounds like the calm before the storm. Maybe it's time for BTC to take off and reach the $100K. Just saying. This price is a joke for BTC's potential. Of course all we can do is hope. But it makes me wonder why it's not happening yet. Right now BTC is cheap as peanuts. Luckily 1 BTC = 1 BTC.

The Bitcoin market has been capped at $22,000 for the past several weeks, is this cap a sign of an upside for the Bitcoin market. I totally agree with you because the environment is pretty quiet before the storm starts. The Bitcoin market will start storming because of this or maybe there has been a stable market condition in the Bitcoin market for several weeks. However, many believe that the March Bitcoin market may be between $25,000 and $30,000. Others predict the opposite and their prediction is that Bitcoin may fall below $20,000 in March. But no matter what the Bitcoin market is, Bitcoin means Bitcoin, that is, 1 Bitcoin = 1 Bitcoin.

fuguebtc

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If bitcoin is as cheap as peanuts, why not accumulate as much as possible instead of expecting it to rise again soon? Because once bitcoin crosses $100k, we will never be able to see bitcoin as cheap as it is now.

Honestly, I don't expect bitcoin to go up this year because I want to buy many cheap bitcoins. I am not in a hurry to expect bitcoin to increase in price because if bitcoin does not increase this year, it will also increase in the future. I believe in bitcoin, in my investment, so if bitcoin goes down in the long run, that's really exciting for me.

Rikafip

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Quote from: virtualdn on March 08, 2023, 03:42:13 AM

All this wait, same price for months, sounds like the calm before the storm.

How do you mean "same price for months" when just 2 months ago bitcoin was 18-17k, then it went up 50% and now its in small correction.

Quote from: virtualdn on March 08, 2023, 03:42:13 AM

Maybe it's time for BTC to take off and reach the $100K. Just saying. This price is a joke for BTC's potential. Of course all we can do is hope. But it makes me wonder why it's not happening yet. Right now BTC is cheap as peanuts.

I don't think that its realistic to expect new ATH before the halvening, and maybe not even then. Keep in mind that situation is quite different compared to previous cycles, with economy crisis, war in Ukraine etc and general instability in the world. Instead wasting time thinking why bitcoin hasn't pumped, its much better to use this to to accumulate as much as possible.

MarjorieZimmermanGinger

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You need to learn more how to make better writing, because we find it difficult to understand what you are trying to convey.

Quote from: virtualdn on March 08, 2023, 03:42:13 AM

All this wait, same price for months, sounds like the calm before the storm. Maybe it's time for BTC to take off and reach the $100K. Just saying. This price is a joke for BTC's potential. Of course all we can do is hope. But it makes me wonder why it's not happening yet. Right now BTC is cheap as peanuts. Luckily 1 BTC = 1 BTC.

Bitcoin is a long-term asset and if you understand the journey it will lead you to the conclusion. For us bitcoin reaching $100k or not is not a big deal, because what matters is whether we are involved in it or not.

You can analyze the reasons why the bitcoin price has not reached the way many people want, fluctuations will bring bitcoin in both correction and recovery stages. How did the assumptions used to be when bitcoin was not as priceless as it is now and so fast was the process of proof given by bitcoin to date. Shouldn't be a problem for the current bitcoin price, but investing in bitcoins is the best way to preserve the value of the currency you own.

kryptqnick

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Bitcoin's price is determined by the demand (given that the supply is largely fixed and only somewhat increasing at a predictable rate, I'd emphasize the demand). Bitcoin can stay in the bear market for several years, that wouldn't be unheard of. Moreover, the current price isn't so bad, even if it's very far from the ATH. If enough people start believing in the $100k price and become willing to get it there, it will happen. But I don't think the momentum is there yet. Something must happen to push more people into actively buying Bitcoin, and there's no such thing for now.

Wapfika

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On what ground you are speculating for this kind of big movement. A price run from 0$ to 67K$ is already an impressive price appreciation for Bitcoin. The 6 digit price is not a must and we can’t rush things for the price because it will just make the price growth form an inorganic development which always lead to a pump and dump without organic price growth. It’s too early for the price to move 100k$ since we just hit the current all time high last 2021.

Topic: Maybe it's time for BTC to take off and reach the $100K - page 5. (Read 685 times)