Progression in price | Bitcointalksearch.org

irhact

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Quote from: cryptomaniac_xxx on April 20, 2023, 05:08:07 AM

Of course, Adam has been supportive of bitcoin and he has tons in his wallet, so not surprising that he will be so bullish about the price at the end of the year. But the best thing to do for us, barring all circumstances is just to wait for it. If the price reaches as what he has predicted then good for us. Specially if we have been accumulating bitcoin this bear run.

That's very true but we have to be very realistic to ourselves so we don't get disappointed when this targets aren't reached. His prediction are too positive and we can't achieved that price this year so we don't have to keep an opened mind about it or we'll get disappointed and that's what happened last bull market when everyone was expecting Bitcoin to reach $100k but it didn't.

At the moment, the market is barely been able to retest the $30k price and we would be ending this month below $30k again so how then can we achieve his $140k predicted Bitcoin price by the end of the year. If he was predicting for next bull cycle then it would had been understandable but he isn't.

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Quote from: Frankolala on April 17, 2023, 11:41:13 AM

Bitcoin price cannot be predicted with the information and I don't think that Adam understands the market analysis. It is impossible for bitcoin price to get to $140k this year when we haven't experience the halving.

Right, in theory the price of Bitcoin can never be predicted. There are many people who suddenly come up with an information to go viral and many people believe it. I also do not accept the analysis that Adam has given here because it will never be correct. Earlier Bilaji Srinivasan made a bet on Bitcoin that Bitcoin would be one million dollars in three months. From here it is understood that all these people come in public to become viral. Bitcoin may hover between $40,000 and $50,000 this year. But will never stay at $140k. But our next halving is 2024, the year 2024, the Bitcoin market may be able to reach one hundred thousand dollars. Because it is the same data that emerges from every human analysis.

JoyMarsha

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Adam Back made fantastic price growth to think of. If this is how he perceives and anticipates the rise in the price of bitcoin, then, believe me, it will reach $200k by bull run next year(lols)

I find it amusing when people speculate about the price of bitcoin as if it were incredibly simple for it to go up without any demand or good news. Fair enough, the demand for bitcoin and any favorable or unfavorable news about it determine its price. None of his speculating prices would materialize if any of these didn't occur. As per normal, there will be a demand for bitcoin on the crypto market, and its price is expected to soar, but nobody is certain of its exact price by December. Whether it will be $70k or less.

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Quote from: tygeade on April 23, 2023, 11:39:23 AM

Quote from: cryptomaniac_xxx on April 20, 2023, 05:08:07 AM

Of course, Adam has been supportive of bitcoin and he has tons in his wallet, so not surprising t hat he will be so bullish about the price at the end of the year. But the best thing to do for us, barring all circumstances is just to wait for it. If the price reaches as what he has predicted then good for us. Specially if we have been accumulating bitcoin this bear run.

And with that we are all prepared for the eventual bull run in 2024-2025.

As what the majority is seeing, a cool $100k will upon us next year, so just have the patience and again, stacks sats.

I think a cool 100k would be amazing as well but we shouldn't really "expect" it, as in like we shouldn't think that's a given, because if it happens that would be lovely but if we expect it then we will feel like we earned that by waiting, and if it doesn't happen we would be super upset about it. That is why I think that it is important to focus on smaller numbers, realistic ones that would be simple to reach.

Like saying 40k is possible, of course it is possible, we all know we will get there, and to think that we would be so much happier when 100k happens because we though 40k was the possible one, is better and if it fails to be 100k, we would be just happy with above 40k price as well, much better.

When it comes to price progression then lets expect the unexpected because this had been always this market should be on where it is really that unpredictable where price crashes and pumps could happen
along the way on which it wont really be that shocking or surprising if that a certain moment it would really be drawing neither red or green candle. What matter the most on here is that the recognition
and adoption does continue to rise all over the years or upcoming years to come. Demand would really be a crucial thing because this is where value and price would determine out.

Quote from: Fundamentals Of on April 19, 2023, 08:23:46 PM

If it is December 2023 that you expect the price of Bitcoin to reach at least $70,000, I don't agree. It is always possible with Bitcoin of course, but I think the next halving which will be happening some time in April or May next year is the biggest catalyst for a price rally. The next halving can't be discounted. The strongest impact of the halving on Bitcoin's price will be felt several months later. So that could be in December of that year. So December of 2024, not this year, will probably give us a price of over $100,000.

Q4 of this year doesnt really give out guarantees that we do see up those numbers but having the impression that in every ending month of the year would really be giving out that idea that there would be some
pumps because this is where the months which usually the price do make out some moon, not only with Bitcoin but also in other projects as well.
Demand would always matter.

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Quote from: cryptomaniac_xxx on April 20, 2023, 05:08:07 AM

Of course, Adam has been supportive of bitcoin and he has tons in his wallet, so not surprising t hat he will be so bullish about the price at the end of the year. But the best thing to do for us, barring all circumstances is just to wait for it. If the price reaches as what he has predicted then good for us. Specially if we have been accumulating bitcoin this bear run.

And with that we are all prepared for the eventual bull run in 2024-2025.

As what the majority is seeing, a cool $100k will upon us next year, so just have the patience and again, stacks sats.

I think a cool 100k would be amazing as well but we shouldn't really "expect" it, as in like we shouldn't think that's a given, because if it happens that would be lovely but if we expect it then we will feel like we earned that by waiting, and if it doesn't happen we would be super upset about it. That is why I think that it is important to focus on smaller numbers, realistic ones that would be simple to reach.

Like saying 40k is possible, of course it is possible, we all know we will get there, and to think that we would be so much happier when 100k happens because we though 40k was the possible one, is better and if it fails to be 100k, we would be just happy with above 40k price as well, much better.

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Quote from: cryptomaniac_xxx on April 20, 2023, 05:08:07 AM

Of course, Adam has been supportive of bitcoin and he has tons in his wallet, so not surprising t hat he will be so bullish about the price at the end of the year. But the best thing to do for us, barring all circumstances is just to wait for it. If the price reaches as what he has predicted then good for us. Specially if we have been accumulating bitcoin this bear run.

And with that we are all prepared for the eventual bull run in 2024-2025.

As what the majority is seeing, a cool $100k will upon us next year, so just have the patience and again, stacks sats.

Not all those who have a Bitcoin on them are bullish but some are bearish too. Manipulators are bearish as well if they want to dump the price but they are bullish if they want to pump the price. We started the year with an increase and it continue until this point but we must not be confident and say that this can continue till we end the year.

Remember some years we have on the past, the first half are also bullish but the second/final half are bearish but there are also years where the first half are bearish and then the other half is bullish. Many of us are now prepared next year but for those who are late, a dump is a good thing for them to stock up coins.

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That'd be the price only moving in one direction and thats not what a free market is doing or trying to do its really about aiming to balance out buyers and sellers and price is only derived as secondary to volume. The price is there to achieve the highest volume really, the most agreed price between as many people possible or a smaller amount of people but with larger volume also can be the case of course.
There has to be a time when we chalk out the previous observed price range and call that as a good guide to the future, it wont always be moving on to something new it'll just run that range in both directions for as long as need be. The OP scenario requires great imbalance or volatility, it would reflect a problem so far as I know not a good thing ironically.

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Quote from: irhact on April 19, 2023, 10:46:53 PM

Quote from: JamesBorn on April 13, 2023, 10:48:11 PM

Adam Back said and i qoute him: in Q1 2023 bitcoin price increased from 31 dec 2022 - 31 mar 2023 by ~70% (~$16.6k->$28k). interesting to note if that rate continues bitcoin would be: jun $48k, sep $82k, dec $140k. or for $100k by 31st dec, price growth would need to fall from 70% to 53% for Q2,3,4.

Adam Back's predictions are already too positive, he's predicting Bitcoin to be trading in millions in a very short time as well, he's too optimistic thinking Bitcoin price can be trading around $100k in 2023. That prices can't be achieved in 2023 but it can happen in 2025 because by then, Bitcoin halving would had happened and the fomo of not missing out would had kicked in.

Any pump happening in this year is preparing us for the halving so the pump can only take us close to the previous all time high and not exceed the previous price that much, Bitcoin pumping massively only happens after the Bitcoin halving has been completed and that's in 2025.

Of course, Adam has been supportive of bitcoin and he has tons in his wallet, so not surprising t hat he will be so bullish about the price at the end of the year. But the best thing to do for us, barring all circumstances is just to wait for it. If the price reaches as what he has predicted then good for us. Specially if we have been accumulating bitcoin this bear run.

And with that we are all prepared for the eventual bull run in 2024-2025.

As what the majority is seeing, a cool $100k will upon us next year, so just have the patience and again, stacks sats.

irhact

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Quote from: JamesBorn on April 13, 2023, 10:48:11 PM

Adam Back said and i qoute him: in Q1 2023 bitcoin price increased from 31 dec 2022 - 31 mar 2023 by ~70% (~$16.6k->$28k). interesting to note if that rate continues bitcoin would be: jun $48k, sep $82k, dec $140k. or for $100k by 31st dec, price growth would need to fall from 70% to 53% for Q2,3,4.

Adam Back's predictions are already too positive, he's predicting Bitcoin to be trading in millions in a very short time as well, he's too optimistic thinking Bitcoin price can be trading around $100k in 2023. That prices can't be achieved in 2023 but it can happen in 2025 because by then, Bitcoin halving would had happened and the fomo of not missing out would had kicked in.

Any pump happening in this year is preparing us for the halving so the pump can only take us close to the previous all time high and not exceed the previous price that much, Bitcoin pumping massively only happens after the Bitcoin halving has been completed and that's in 2025.

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Quote from: JamesBorn on April 13, 2023, 10:48:11 PM

Adam Back said and i qoute him: in Q1 2023 bitcoin price increased from 31 dec 2022 - 31 mar 2023 by ~70% (~$16.6k->$28k). interesting to note if that rate continues bitcoin would be: jun $48k, sep $82k, dec $140k. or for $100k by 31st dec, price growth would need to fall from 70% to 53% for Q2,3,4.

I agreed with the price progression but it may not hit those percentage, what determinant factor do we hold on? that the big cities like U.S, China and Nigeria kicking against it can freely allow surviving of the price to hits such imaginable price of $100k by DEC. Least am expecting by DEC is probably 70k bull.

As much as everyone wants to see that kind of progression, but we all know that Bitcoin price action won't going keep progressing each and every moths passed. There should be an ups and downs in the process before we see another ATH. 2023 may not be a bullish year, but it would most likely going to see another set of bull runs in 2024 as everybody are expecting a good run pre-halving and post-halving.
Nevertheless, we have not seen Bitcoin progress like that in a span of 1 year.

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If it is December 2023 that you expect the price of Bitcoin to reach at least $70,000, I don't agree. It is always possible with Bitcoin of course, but I think the next halving which will be happening some time in April or May next year is the biggest catalyst for a price rally. The next halving can't be discounted. The strongest impact of the halving on Bitcoin's price will be felt several months later. So that could be in December of that year. So December of 2024, not this year, will probably give us a price of over $100,000.

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Quote from: yhiaali3 on April 18, 2023, 07:10:48 PM

Bitcoin rose from the bottom of 2022 by about 95% so far, also since it surpassed the most important resistance at 25,500$, in addition to the US inflation rate falling to 5% less than expectations, all of these are positive factors that suggest the continuation of Bitcoin’s rise.

But I don't expect it to reach 70k$ in September, as you say. I like this optimism, but I see that we are still kind of far from it, perhaps until the beginning of next year.

What is certain is that the rise of Bitcoin continues with some corrections, otherwise it is all just predictions.

Yes, there is no catalyst for a new all time high this year, we have to wait for the bitcoin block halving to be able to set a new all time high. Right now though, the price seems to be still going on a correction phase, I thought that everything is smooth when we go to $30k.

Maybe buyers are exhausted at this point and maybe it is deemed that we need to see a correction to $28k so that new investors can go and buy-in right now. So let's see how deep this correction is and hopefully no one will go and be nervous and just push the sell button.

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Bitcoin rose from the bottom of 2022 by about 95% so far, also since it surpassed the most important resistance at 25,500$, in addition to the US inflation rate falling to 5% less than expectations, all of these are positive factors that suggest the continuation of Bitcoin’s rise.

But I don't expect it to reach 70k$ in September, as you say. I like this optimism, but I see that we are still kind of far from it, perhaps until the beginning of next year.

What is certain is that the rise of Bitcoin continues with some corrections, otherwise it is all just predictions.

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Quote from: goaldigger on April 18, 2023, 04:29:19 PM

Demand for Bitcoin can be more interesting this year as US Dollar slowly losing its dominant in the market and the threat of recession is still there. This could be more realistic once we are able to break the resistance this quarter, as we can see with the price its still bullish and trying to be more powerful when it comes to volume going up, $70k is still possible, let’s be more positive as we are still recovering from a big losses.

Yes, it is still very possible to reach $70k this year, but this condition depends on how market conditions and conditions for US Inflation increases are likely to continue to increase interest rates.
At the moment, banking conditions are easing so it is starting to slowly recover and the price of Bitcoin is still being held back.

I am quite optimistic that the price of Bitcoin can break the new ATH when approaching the halving, but it is still a long journey because there will be several corrections that occur.
Currently, the Bitcoin price is still stable above $30k, but it does not rule out the possibility of a correction back below the price of $29k if the Bitcoin market conditions are not good and some FUD starts to appear,

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Quote from: superman184 on April 18, 2023, 04:05:30 PM

Quote from: JamesBorn on April 13, 2023, 10:48:11 PM

I agreed with the price progression but it may not hit those percentage, what determinant factor do we hold on? that the big cities like U.S, China and Nigeria kicking against it can freely allow surviving of the price to hits such imaginable price of $100k by DEC. Least am expecting by DEC is probably 70k bull.

The determining factor that we can hold is the demand factor for Bitcoin every month which of course this can happen through purchasing factors, not just factors that someone says. And the expectations you'd say for $70K by the time in December are a little bit more logical, but I don't think that's going to be a bit easier this year. Because when I think about the next bullrun in Bitcoin, it always requires a greater level of demand in the current year than it has in this year.

Demand for Bitcoin can be more interesting this year as US Dollar slowly losing its dominant in the market and the threat of recession is still there. This could be more realistic once we are able to break the resistance this quarter, as we can see with the price its still bullish and trying to be more powerful when it comes to volume going up, $70k is still possible, let’s be more positive as we are still recovering from a big losses.

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Quote from: JamesBorn on April 13, 2023, 10:48:11 PM

I agreed with the price progression but it may not hit those percentage, what determinant factor do we hold on? that the big cities like U.S, China and Nigeria kicking against it can freely allow surviving of the price to hits such imaginable price of $100k by DEC. Least am expecting by DEC is probably 70k bull.

The determining factor that we can hold is the demand factor for Bitcoin every month which of course this can happen through purchasing factors, not just factors that someone says. And the expectations you'd say for $70K by the time in December are a little bit more logical, but I don't think that's going to be a bit easier this year. Because when I think about the next bullrun in Bitcoin, it always requires a greater level of demand in the current year than it has in this year.

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Quote from: JamesBorn on April 13, 2023, 10:48:11 PM

Adam Back said and i qoute him: in Q1 2023 bitcoin price increased from 31 dec 2022 - 31 mar 2023 by ~70% (~$16.6k->$28k). interesting to note if that rate continues bitcoin would be: jun $48k, sep $82k, dec $140k. or for $100k by 31st dec, price growth would need to fall from 70% to 53% for Q2,3,4.

I agreed with the price progression but it may not hit those percentage, what determinant factor do we hold on? that the big cities like U.S, China and Nigeria kicking against it can freely allow surviving of the price to hits such imaginable price of $100k by DEC. Least am expecting by DEC is probably 70k bull.

But the price of last year 2022 February and this year 2023 February is not the same but there slide similarities which is the price of bitcoin for last year was on the bull stature even though it was not as full bull of 2021. Then again in 2023 February, the bull market as started again, that means there is something spectacle in the month of February in the cryptocurrency market ecosystem. The progressions have similarities but not one price.

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Quote from: JamesBorn on April 13, 2023, 10:48:11 PM

Adam Back said and i qoute him: in Q1 2023 bitcoin price increased from 31 dec 2022 - 31 mar 2023 by ~70% (~$16.6k->$28k). interesting to note if that rate continues bitcoin would be: jun $48k, sep $82k, dec $140k. or for $100k by 31st dec, price growth would need to fall from 70% to 53% for Q2,3,4.

The calculation is slightly different from the conditions that occur, I mean this is not fully influenced by what you convey from several sources of ideas that you meet, 70% growth every month is too big for now and usually if it happens it is marked as a halving, so math calculations may be wrong for bitcoin growth in a few months reached 70%.

Many predictions are starting to be developed, both positive and negative in nature and in my opinion for the next few months it is still quite risky for bitcoin to touch prices further than today. The theory may change but it's the closest thing to a halving to be flagged and I don't think it's headed to that kind of price at the moment yet.

Quote from: JamesBorn on April 13, 2023, 10:48:11 PM

I agreed with the price progression but it may not hit those percentage, what determinant factor do we hold on? that the big cities like U.S, China and Nigeria kicking against it can freely allow surviving of the price to hits such imaginable price of $100k by DEC. Least am expecting by DEC is probably 70k bull.

The three cities you mention are countries and perhaps the predictive ideas you see tend not to have a fundamental level to follow. Maybe for reading it's not a problem but it's not quite right to follow and you should see some other analyzes as reference material.

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Quote from: AnonBitCoiner on April 18, 2023, 07:15:15 AM

It can be possible but not guaranteed because the price can go more up and then come to dip in a second but As we enter the year 2023 so there occurs a greater increase in price. The price not always goes in straightforward direction sometimes all our hopes ends due to Fluctuations in value of market.

There is always a sudden move in market and one have no Idea about it but it is necessary that we should be ready for each condition and accept it. The value which you mentioned can be achieved but we don't have any knowledge about it because its not a reality its just prediction and prediction doesn't have any future it can be true and it can also be false.

Volatility is the middle name of bitcoin. I have to say that I have seen so much increases and decreases at the moment that it is not a simple thing to handle, sometimes you can do it, sometimes you will fail to do it but it is true that we should be considered as a great thing.

I do believe that we should be considering the current situation as profitable and we should be buying as much as we can, volatility could happen but it doesn't mean that it will fall down overall, it will go up. So just consider the price going up and the volatility will not be a problem, sure it can go up 5 and down 3, but that is still 2 up, consider that as your profit, so the volatility could happen and drops could happen but the overall will be higher.

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It can be possible but not guaranteed because the price can go more up and then come to dip in a second but As we enter the year 2023 so there occurs a greater increase in price. The price not always goes in straightforward direction sometimes all our hopes ends due to Fluctuations in value of market.

There is always a sudden move in market and one have no Idea about it but it is necessary that we should be ready for each condition and accept it. The value which you mentioned can be achieved but we don't have any knowledge about it because its not a reality its just prediction and prediction doesn't have any future it can be true and it can also be false.

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Quote from: JamesBorn on April 13, 2023, 10:48:11 PM

Adam Back said and i qoute him: in Q1 2023 bitcoin price increased from 31 dec 2022 - 31 mar 2023 by ~70% (~$16.6k->$28k). interesting to note if that rate continues bitcoin would be: jun $48k, sep $82k, dec $140k. or for $100k by 31st dec, price growth would need to fall from 70% to 53% for Q2,3,4.

I agreed with the price progression but it may not hit those percentage, what determinant factor do we hold on? that the big cities like U.S, China and Nigeria kicking against it can freely allow surviving of the price to hits such imaginable price of $100k by DEC. Least am expecting by DEC is probably 70k bull.

Of course, for every movement in the bitcoin price, there must be logical reasons to be considered in the calculation by providing a foundation and determining indication that is not only based on speculation. Isn't that calculation too fast for bitcoin to reach a price level every month this year in the future?
but only in speculation I hope that this price level this year can be achieved by bitcoin quickly so that it is most likely that our halving can touch new highs in 2024.
However, the consideration whether bitcoin will qualify to rise to a price level of $ 70k in December as the annual closing price of 2023 is the uncertain economic situation in various other parts of the world.

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Quote from: JamesBorn on April 13, 2023, 10:48:11 PM

Adam Back said and i qoute him: in Q1 2023 bitcoin price increased from 31 dec 2022 - 31 mar 2023 by ~70% (~$16.6k->$28k). interesting to note if that rate continues bitcoin would be: jun $48k, sep $82k, dec $140k. or for $100k by 31st dec, price growth would need to fall from 70% to 53% for Q2,3,4.

For starters, I wouldn't trust Adam Back. He also believes price can reach $10 million per coin by 2032, which sounds ludicrous to me, as within 10 years seems way too soon for this price target.

Personally I think his initial target of $48K in June is possible, this would be a very similar bear market relief rally to 2019, even if a month or two too soon. However, the predictions after that seem out of touch with the reality of Bitcoin's 4 year cycles that so far very much remain in tact. The market would have to break it's 12-year long 4-year cycles in order to reach any targets such as $80K, let alone $100K by end of year. More relevantly, it'd have to continue a parabolic run until the end of the year, which seems like the most unlikely outcome given last year's bear market.

Anything is possible when it comes to Bitcoin. For all we know a major recession this year could push Gold and Bitcoin prices much higher, but so far I don't see this being very realistic.

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Quote from: Sebas.tian on April 17, 2023, 12:54:49 AM

Yes, the price of Bitcoin is progressing which many traders are smiling based on the bullish season that is about to take place in this period but it will be difficult for traders to experience $100,000 this year 2023. I think, the price of Bitcoin will reach $70,000 before the end of this year so that other cryptocurrencies price will increase too for their investors to have something good to achieve. I believe, traders will definitely experience $80,000 next year because the price of Bitcoin will move to another level next year that will make traders to believe investing in Bitcoin is profitable.

Everyone has an analysis, and it becomes personal consumption. Some say bitcoin will reach $100,000 this year, some say it won't and some even say this year we are still in the old bear market situation. It returns to our own analysis without forgetting the fundamentals that make bitcoin prices change at any time.
I personally don't actually focus on the price that bitcoin will achieve this year, because I believe sooner or later bitcoin will definitely make me smile more than now.

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Bitcoin price cannot be predicted with the information and I don't think that Adam understands the market analysis. It is impossible for bitcoin price to get to $140k this year when we haven't experience the halving.

So many bitcoin analyst,just comes out and give wrong speculation of bitcoin price from whatever thought that comes out from their understanding. Bitcoin price doesn't really have much influence by the banned on it by some countries. As long as other countries are adopting it and more people coming into the cryptospace,the price will always have a pump. Demand and supply is what control the dump and pump in bitcoin price.

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Yes, the price of Bitcoin is progressing which many traders are smiling based on the bullish season that is about to take place in this period but it will be difficult for traders to experience $100,000 this year 2023. I think, the price of Bitcoin will reach $70,000 before the end of this year so that other cryptocurrencies price will increase too for their investors to have something good to achieve. I believe, traders will definitely experience $80,000 next year because the price of Bitcoin will move to another level next year that will make traders to believe investing in Bitcoin is profitable.

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What he said was just theoretical, because what are the chances that we will have the exact(or similar) rates of increase quarter for quarter? Decently unlikely in my opinion. We'd have to have perfect market conditions(with little to no FUD) for that to happen.

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I think what we will get will be different from the past. We might get a mini bubble and trade sideways from there. There are way too many issues now with crypto regulations and also issues with the economy to head to $100K anytime this year.

Sure it would be great however you need to understand that many people think there is going to be a recession, there are banks tightening and inflation is still not at 2%. And with the OPEC mess last month we will probably get an uptick in inflation next month.

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Quote from: JamesBorn on April 13, 2023, 10:48:11 PM

Adam Back said and i qoute him: in Q1 2023 bitcoin price increased from 31 dec 2022 - 31 mar 2023 by ~70% (~$16.6k->$28k). interesting to note if that rate continues bitcoin would be: jun $48k, sep $82k, dec $140k. or for $100k by 31st dec, price growth would need to fall from 70% to 53% for Q2,3,4.

I agreed with the price progression but it may not hit those percentage, what determinant factor do we hold on? that the big cities like U.S, China and Nigeria kicking against it can freely allow surviving of the price to hits such imaginable price of $100k by DEC.

Well, that's quite a good expectation but Bitcoin doesn't move like that for its pricing. Because volatility goes up and down and won't just have that movement so fast as per what you've put into sequence but anyway, I could also be wrong.

Quote from: JamesBorn on April 13, 2023, 10:48:11 PM

Least am expecting by DEC is probably 70k bull.

Hoping for that and that's one of the best price that it can reach for this year but I'll let everything happen and just observe until the halving comes. Because that's when the most exciting things comes, every time the halving is done.

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Quote from: Husires on April 16, 2023, 08:00:10 AM

The only thing that moves like this is the linear function, where the price will increase at a specific price during a specific time. Bitcoin is not like that, as there is no linear pattern in the rise or correction, and the price movement is random and far from being verified.
We will be lucky if we get a price of $40,000 this year. We have risen significantly over the previous period.

Although you're right that bitcoin doesn't have to progress like OP is suggesting, it could really do it because in bull market it keeps on going. We don't know what will happen because bitcoin relies on both internal and external factors. An internal factor is hash rate, number of users, state of exchanges, and external factors are the dollar index that depends on printing and rates, legislation, and many more.

The chart that you've posted is also biased and relies on a similar failed rally in 2019 where price kept going up to 14k and crashed to new lows. At that time there was no threat of recession, there was no FED pivot and the demand for decentralized money was much lower.

Husires

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The only thing that moves like this is the linear function, where the price will increase at a specific price during a specific time. Bitcoin is not like that, as there is no linear pattern in the rise or correction, and the price movement is random and far from being verified.
We will be lucky if we get a price of $40,000 this year. We have risen significantly over the previous period.

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Quote from: JamesBorn on April 13, 2023, 10:48:11 PM

Adam Back said and i qoute him: in Q1 2023 bitcoin price increased from 31 dec 2022 - 31 mar 2023 by ~70% (~$16.6k->$28k). interesting to note if that rate continues bitcoin would be: jun $48k, sep $82k, dec $140k. or for $100k by 31st dec, price growth would need to fall from 70% to 53% for Q2,3,4.

I don't know who's the bigger fool in that story - the one who thinks Bitcoin will continue to grow 70% every few months (in the year prior to the halving), or the ones who "qoute" it as if it's worth mentioning at all. People who live in senseless illusions deserve to stay there, and when they are already there, I suggest that if they want to quote someone named Adam, let it be Black Adam😈

Quote from: JamesBorn on April 13, 2023, 10:48:11 PM

I agreed with the price progression but it may not hit those percentage, what determinant factor do we hold on? that the big cities like U.S, China and Nigeria kicking against it can freely allow surviving of the price to hits such imaginable price of $100k by DEC. Least am expecting by DEC is probably 70k bull.

These are not cities but countries, and regardless of the fact that you obviously don't pay attention in geography lessons, what does China or Nigeria have to do with the price of Bitcoin?

gunhell16

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Quote from: JamesBorn on April 13, 2023, 10:48:11 PM

Adam Back said and i qoute him: in Q1 2023 bitcoin price increased from 31 dec 2022 - 31 mar 2023 by ~70% (~$16.6k->$28k). interesting to note if that rate continues bitcoin would be: jun $48k, sep $82k, dec $140k. or for $100k by 31st dec, price growth would need to fall from 70% to 53% for Q2,3,4.

I agreed with the price progression but it may not hit those percentage, what determinant factor do we hold on? that the big cities like U.S, China and Nigeria kicking against it can freely allow surviving of the price to hits such imaginable price of $100k by DEC. Least am expecting by DEC is probably 70k bull.

It's okay to give predictions because it's our freedom and belief in Bitcoin. Although we also know that there is no guarantee that anyone's prediction will actually happen, it is just based on each individual's own opinion and speculation in this industry.

As long as I keep saving, until the Bitcoin halving ends, at least what I started will definitely not be wasted in the future. We are really sick of that as we get closer to the Bitcoin halving, the value of Bitcoin will really increase.

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Quote from: JamesBorn on April 13, 2023, 10:48:11 PM

Adam Back said and i qoute him: in Q1 2023 bitcoin price increased from 31 dec 2022 - 31 mar 2023 by ~70% (~$16.6k->$28k). interesting to note if that rate continues bitcoin would be: jun $48k, sep $82k, dec $140k. or for $100k by 31st dec, price growth would need to fall from 70% to 53% for Q2,3,4.

Everyone can make his own wild and educate guess like Adam Beck, so you can do your predictions too. As for the growth, we have recovered from last year so everyone is very happy to see the price touching $30k after a bad 2022.

As I have said, we can make our own prediction so I would say that definitely $100k can be achieved around 2024-2025 bull run.

It will be massive and we will break and have a new all time high. That's how every bull run is, so the best thing to do right now is prepare and stack sats, as much as you can.

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Quote from: JamesBorn on April 13, 2023, 10:48:11 PM

Adam Back said and i qoute him: in Q1 2023 bitcoin price increased from 31 dec 2022 - 31 mar 2023 by ~70% (~$16.6k->$28k). interesting to note if that rate continues bitcoin would be: jun $48k, sep $82k, dec $140k. or for $100k by 31st dec, price growth would need to fall from 70% to 53% for Q2,3,4.

I agreed with the price progression but it may not hit those percentage, what determinant factor do we hold on? that the big cities like U.S, China and Nigeria kicking against it can freely allow surviving of the price to hits such imaginable price of $100k by DEC. Least am expecting by DEC is probably 70k bull.

No, I don't think that any big cities will have any influence on the market.

Still based on supply and demand, that is the basic tenant of bitcoin market. If investors see opportunities to make money, like trading and stuff then they will surely buy it. And then we have the long term holders who are filling their bags with this cheap bitcoin because as you have said, in his prediction, the price is going to explode not just in 2023, but definitely next year after the halving and then the eventual bull run.

GeorgeJohn

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We will say that its a personal assumptions and prediction of Bitcoin, sometimes you will not follow the speculations of people as a clear evidence or what to follow in cryptocurrency, if he/her want us to believe in such prediction let us show us a prove to stand on, one thing I believe in cryptocurrency and mostly in Bitcoin, is that you can come up with your personal analysis of Bitcoin now and tomorrow Bitcoin comes up with it's own regulations either positive or negative one, i believe right from time that Bitcoin rotation in value and especially positive one comes from the determinant of the market, and again the information of demands and supply of Bitcoin in the market are what contribute to the increment, it might have experience a negative information of Bitcoin market will depreciates it in price, so it's obvious. It might reach to the time op implies that Bitcoin will rise and it happened to fall, so therefore Bitcoin is unpredictable.

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Quote from: JamesBorn on April 13, 2023, 10:48:11 PM

Adam Back said and i qoute him: in Q1 2023 bitcoin price increased from 31 dec 2022 - 31 mar 2023 by ~70% (~$16.6k->$28k). interesting to note if that rate continues bitcoin would be: jun $48k, sep $82k, dec $140k. or for $100k by 31st dec, price growth would need to fall from 70% to 53% for Q2,3,4.

I agreed with the price progression but it may not hit those percentage, what determinant factor do we hold on? that the big cities like U.S, China and Nigeria kicking against it can freely allow surviving of the price to hits such imaginable price of $100k by DEC. Least am expecting by DEC is probably 70k bull.

There are no such things as "progression" and "regression" when it comes to a market price. The price is determined by the supply and demand.
The price can go up and down, because the demand can go up and down. Just because there is a certain price pattern, that doesn't mean that this price pattern will continue in the future. I don't expect a 70K-100K Bitcoin price by December. I expect the crypto winter to continue until the spring of 2025. There might be a big bull run several months after the 2024 halving, but nothing is guaranteed.

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Do not follow in the footstep of others, be more realistic, this information you gave is nothing but a mere prediction and predictions don't always work out as predicted in the crypto space, there are many reasons why Bitcoin may dump or rise up in value by 3rd quarter of this year, FUD, Bad news, Good news, etc. I would prefer to focus on the coming Bitcoin halving, after that then we will see better growth and price action, 2023 is off my mind for any huge move, we are still in a bear market and I won't stop accumulating some Bitcoin and alts for now until the halving is finally over.

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It's best to cite the source if you quote somebody.

Anyway, there's a reason why I am more inclined to fundamentals rather than the technicals. History doesn't just repeat itself. It's not as if Bitcoin's price exists in a vacuum. It is affected by news, regulations, even FUD and fake news, and other circumstances that may directly or indirectly affect it.

But I think that in the absence of a big factor affecting its price, Bitcoin would continue to rise because of the continuous adoption that has already started.

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Quote from: JamesBorn on April 13, 2023, 10:48:11 PM

Adam Back said and i qoute him: in Q1 2023 bitcoin price increased from 31 dec 2022 - 31 mar 2023 by ~70% (~$16.6k->$28k). interesting to note if that rate continues bitcoin would be: jun $48k, sep $82k, dec $140k. or for $100k by 31st dec, price growth would need to fall from 70% to 53% for Q2,3,4.

I agreed with the price progression <...>

I don't know where you get the idea that the price of bitcoin is going to follow an arithmetic progression increasing by 70% per quarter. Anyone who follows the evolution of the price knows that it never goes up like that. It's more like a roller coaster, not a straight upward line.

On the other hand, we are supposed to beat the peak of this cycle in 2023? I would like to see strong arguments to support that this is the case, other than that it is simply thought to be the case, full stop.

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Yeah, Bitcoin's progress is efficient as we enter 2023. For now, everything is looking to go really in a smooth way.

However, there are no guarantees about the future. Neither Adam Back nor anyone else can predict anything about the price of Bitcoin in the future: his predictions could turn out to be right or completely wrong.

However, I am quite optimistic about the price of BTC going up in the next year or so, the halving is in about 1 year and we all know that this implies (historically anyway) some very interesting price movements.

I hope you're right about 70k in December, but better to wait and see what happens rather than waste energy trying to make calculations and predictions. As said, we are one year away from halving, the hardest part is done (I mean for the holders who bought after previous bull), we just have to wait a little bit and keep an eye on the rates.

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Adam Back said and i qoute him: in Q1 2023 bitcoin price increased from 31 dec 2022 - 31 mar 2023 by ~70% (~$16.6k->$28k). interesting to note if that rate continues bitcoin would be: jun $48k, sep $82k, dec $140k. or for $100k by 31st dec, price growth would need to fall from 70% to 53% for Q2,3,4.

I agreed with the price progression but it may not hit those percentage, what determinant factor do we hold on? that the big cities like U.S, China and Nigeria kicking against it can freely allow surviving of the price to hits such imaginable price of $100k by DEC. Least am expecting by DEC is probably 70k bull.

Topic: Progression in price (Read 295 times)