Topic: Top 5 reasons I see $100k in next 2 years - page 2. (Read 864 times)
I believe that in the end we are talking about a situation where bitcoin is going 10x and whenever we talk about a situation like that we have to realize that it is not easy, it will take time and it is definitely a big task. Obviously this is bitcoin and technically speaking it could be 1 cent tomorrow or 1 million, this is just technically speaking as you might imagine because we all know both of them will not happen tomorrow, but this is just to prove that suddenly you can't buy a house for 1 dollar and that house you bought for 100k will not become 100 billion neither of those will ever happen and honestly it could never happen even technically speaking. Yet with all this in mind, bitcoin doesn't look like it is going to 100k, we need to set a bit more realistic goal.
The top reason why I see bitcoin going up (even if not to 100k) in the next 2 years is the fact that every single day 900 bitcoins not getting mined thanks to the halving. By calculation we are talking about that is 10 million dollars, we are talking about 10 million dollars gone every single day, that is 300 million dollars a month and about 3.6 billion dollars a year.
There is really no way that market could handle that much missing money to be covered with all the new sellers, sure people could keep selling but with about 3.6 billion less money on sell side of things, the price has to go up, I don't know how much but it has to go up. After all we are talking about actually being on the buy side and how it could just stay the same and still make it bigger.
There is really no way that market could handle that much missing money to be covered with all the new sellers, sure people could keep selling but with about 3.6 billion less money on sell side of things, the price has to go up, I don't know how much but it has to go up. After all we are talking about actually being on the buy side and how it could just stay the same and still make it bigger.
Dont like first reason in the list. How can economy crisis stimulate bitcoin price to grow till $100k ? Usually it happens in different way. Covid-19, that cause economic crisis drop the price far below $5k, but some one think that the price will grow. Strange.
Lets wait for second covid-19 wave and first symptoms of flu and how the price will react.
I think the second wave of covid19 is already happening and we have already achieve high numbers of covid19 positive. But I do not see any connection between covid19 and bitcoin market price. Lets wait for second covid-19 wave and first symptoms of flu and how the price will react.
Most of us are in lock down and others had been stop from work which is not good because not all that stop working still receiving salary especially in private sectors that has the policy of no work no pay. Of course we need to be prepared of this virus for us not to get infected and the preparation include the financial capacity.
However even with pandemic bitcoin continue to rise and this is not becuase of the influence of the virus rather it is because more people tend to buy crypto and trade to profit. This is the reason of the bitcoin increase and everyone else wanted to earn. Getting high demand for bitcoin will relatively will make bitcoin market price to go high.
Dont like first reason in the list. How can economy crisis stimulate bitcoin price to grow till $100k ? Usually it happens in different way. Covid-19, that cause economic crisis drop the price far below $5k, but some one think that the price will grow. Strange.
Lets wait for second covid-19 wave and first symptoms of flu and how the price will react.
Lets wait for second covid-19 wave and first symptoms of flu and how the price will react.
Every year the market faces a lot of ups and down, we are still struggling because of the pandemic, and two years is such a short time for Bitcoin to reach that price, I don't want to be like McAfee who create a hype without an insight if the price he predicted is possible, we need to have an insight but those five points you mentioned is not yet in full blast i figure it would be five years or more.
My opinion is that from the first point to the fifth point, these five points affect the price of bitcoin which can go up or down. but to get to 100k in the next 2 years I don't think it's possible.
There's a lot of indicators to be consider and even if there's a good news when there's no demand, the effect of it is low and its hard to push the price up to $100k in the next two years considering the people is just recovering from the big fall this year. More pump is coming, but I think we will just see the price of $30k in the next two year. Well, DeFi project already made a pump up to $30k in just a short period of time (YFI Token), Let's see if the price will hold on that level and go for more peak. I hope Bitcoin is next and made a good run again, just like this aside from the hype.
yes I agree, maybe if you look at the price who will reach 100k $ first, it is yfi because he made a new history of dicrypto as the highest priced coin, breaking the highest btc record around 19600 $.
If you look at the comparison with the current BTC, the ratio is 1 in 3.
My opinion is that from the first point to the fifth point, these five points affect the price of bitcoin which can go up or down. but to get to 100k in the next 2 years I don't think it's possible.
There's a lot of indicators to be consider and even if there's a good news when there's no demand, the effect of it is low and its hard to push the price up to $100k in the next two years considering the people is just recovering from the big fall this year. More pump is coming, but I think we will just see the price of $30k in the next two year. Well, DeFi project already made a pump up to $30k in just a short period of time (YFI Token), Let's see if the price will hold on that level and go for more peak. I hope Bitcoin is next and made a good run again, just like this aside from the hype.
My opinion is that from the first point to the fifth point, these five points affect the price of bitcoin which can go up or down. but to get to 100k in the next 2 years I don't think it's possible.
Dondonk never say never, stranger things happened with Bitcoin. It was harder to get from $0 to $1000, than to go from here point
now to $100k, it's just x10.
I believe that anything is possible. We are seeing how crypto-communities grow quickly, how new trends are being created, more
people show interest for Blockchain technology, and except these 5 reasons there are more good ones why Bitcoin price can reach
$100k in the next couple of years.
My opinion is that from the first point to the fifth point, these five points affect the price of bitcoin which can go up or down. but to get to 100k in the next 2 years I don't think it's possible.
Governments pushing the fiat currency to be a lot less valuable is a cool part of why bitcoin and gold will go up.
Sorry but which government has this urging?Pushing Fiat to be less valuable for Bitcoin?have not read any articles about this Mind to please share me?Quote
I know that not many people have followed gold in the previous months here because this is mainly a bitcoin place, but you should have seen gold, it has been doing awesome and it has gone up a lot.
Why would Cryptonians Move into Gold when the physical form of this is lowering when time to sell than the price when you bought?Quote
Plus in some nations things are a lot worse and that means in those nations crypto and gold got even more attention as well.
What?Nations that is worse form Gold and Crypto are gaining attention?where did you Get this idea?Quote
When people do not see profit in fiat and think that it is getting less and less valuable they actually do end up with investing into other stuff. I personally believe crypto is the better option of all the available things. This doesn't mean it will hit 100k in 2 years but it just means there is that possibility of it going really high.
Where in the world that people are looking for profit in Fiat?fiat is not an investment(of course asside from stupid banks that offers 1-5% annually )Fiat Supposed to be invested in Businesses to make grow and that is far different in investing in crypto.
I have the opposite view on manipulation and the market, even whales live in the sea which adheres to the tides and waves far greater then any of the occupants. The tide change is a saying that applies to many things including natural markets, if we say the market rises because of whales we should see that as weakness and sooner or later it will collapse as its a fake construct.
This is what critics of Bitcoin expect and project is the basis of all crypto trading, that its inflated and false serving no purpose without utility to it. Its just not true, Bitcoin fills some need for digital transactions online without requiring an intermediary between countries, people or companies. If it has a backbone of actual use, utility given uniquely then this is what really drives BTC base line worth. Tons of speculation can occur but its not the engine for driving us upwards imo.
This is what critics of Bitcoin expect and project is the basis of all crypto trading, that its inflated and false serving no purpose without utility to it. Its just not true, Bitcoin fills some need for digital transactions online without requiring an intermediary between countries, people or companies. If it has a backbone of actual use, utility given uniquely then this is what really drives BTC base line worth. Tons of speculation can occur but its not the engine for driving us upwards imo.
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The only thing that hurts is the fact that sometimes people with a ton of bitcoin decides to take out profit and sell tens of thousands of bitcoin all at the same time which stops the going up and that causes the price to suddenly plummet to earth, as long as that doesn't happen 100k is totally possible.
In the world of cryptocurrency all price predictions are possible, but it also affects the decisions some people take to hold or sell them. people with thousands of bitcoins will certainly have a bad effect on the bitcoin market when they decide to sell it, and a panic sell will occur so the market will dump even deeper.The only thing that hurts is the fact that sometimes people with a ton of bitcoin decides to take out profit and sell tens of thousands of bitcoin all at the same time which stops the going up and that causes the price to suddenly plummet to earth, as long as that doesn't happen 100k is totally possible.
it is all market manipulation by whales and they get a lot of profit from the manipulation.
100k may be achieved, but the estimated time required is unknown, as market manipulation continues. flash pump and dump will occur suddenly.
I believe that this will happen, if something that this pandemic brought us is the need to be cashless and do not rely on fiat on our everyday transactions, here in our country our government strictly enforced staying at home and only those who needs to go out could go out with quarantine pass, and they highly recommend to every stores to do cashless transactions to avoid contact, so after this pandemic Cryptocurrency cashless transaction will play a big role when we get back to normal.
Governments pushing the fiat currency to be a lot less valuable is a cool part of why bitcoin and gold will go up. I know that not many people have followed gold in the previous months here because this is mainly a bitcoin place, but you should have seen gold, it has been doing awesome and it has gone up a lot. Plus in some nations things are a lot worse and that means in those nations crypto and gold got even more attention as well.
When people do not see profit in fiat and think that it is getting less and less valuable they actually do end up with investing into other stuff. I personally believe crypto is the better option of all the available things. This doesn't mean it will hit 100k in 2 years but it just means there is that possibility of it going really high.
When people do not see profit in fiat and think that it is getting less and less valuable they actually do end up with investing into other stuff. I personally believe crypto is the better option of all the available things. This doesn't mean it will hit 100k in 2 years but it just means there is that possibility of it going really high.
The Crypto market is full of possibilities especially when halving effect takes over the market but that doesn't mean the bitcoin market has the chance of clinching $100k price range in 2 years even with the economic crisis and increase in money printing. About the companies using BTC as their reserve currency, I don't want us to build our hope on false information because no adequate information or evidence was provided that the information is indeed the truth. About Defi hype and locking away Bitcoin use, Defi is just a hype project and didn't have the capacity to lock away bitcoin uses. However, I hope people are informed about the danger in it.
Anyway, it is free to speculate and later on people will realize that there's more to it. We can give a lot of reasons why it will attain such level or decrease its value to this level. But one thing for sure, bitcoin will stay in the market for the next couple of years but we don't know exactly how much its worth would be. Try to be realistic as much as you can so you will not be disappointed if your expectations will not happen.
You understand my point cause the aspect of false speculation and not being realistic is the reason why I don't support the people mathematically making a prediction which could beguile beginners into deficit cause they are the most fragile which can be enticed by prediction and ROI which is what we see when twitter hacking happened.
Even though that there is a popular phrase which is the market is full of possibilities, $100,000 for me is too much expectation and 2 years is not enough to achieved it. Right now even though we are in uptrend, the price of the bitcoin have having a hard time to stay above $12,000 and it is now in the line of breaking down where its price is now in the support levels.
I remember the dude who bought pizzas for 10k bitcoins talked about the situation and he wasn't really all that worried about it, he mined a ton of them, he bought them even cheaper and he made a profit of them, that wasn't last of his coins neither, he sold a lot of them even later but before the 2017 peak times, so 10k for pizza wasn't his only mistake, he sold tens of thousands of bitcoin way before it meant anything, he spent few dollars and made few hundred dollars, when he could have been a millionaire, even more.
So, that is why I think we should not look at it like if we made a profit or not, even when you make a profit, you might be missing out on the future profit, you could buy at $10k and sell at $20k, but the price might have go to $30k and you might have missed money to be made.
So, that is why I think we should not look at it like if we made a profit or not, even when you make a profit, you might be missing out on the future profit, you could buy at $10k and sell at $20k, but the price might have go to $30k and you might have missed money to be made.
What do you think of these five price drivers?
Do you think there are different main drivers of price this market cycle or you don't think some of these will pan out?
The current situation motivates the price of one BTC to reach 100 thousand dollars more than ever before, as BTC is now known as a valid competitor for storing value by the most powerful financial institutions in the world. When the BTC price rises, more people are talking about the cryptocurrency, and there is a lot of media coverage, which contributes to the occurrence of FOMO and people resort to storing bitcoin.
I do see that 100k is totally possible and it really could work out very well for the crypto world as well, if the price goes up, the more price goes up the more money will go into it, that is why I think there is a big chance that bitcoin would go up a lot because when it goes up it continues to go up. Like think of it this way, if bitcoin goes to 20k tomorrow, it would be easier to reach 30k after that as well, and even easier to reach 40k after that, it just gets easier and easier.
The only thing that hurts is the fact that sometimes people with a ton of bitcoin decides to take out profit and sell tens of thousands of bitcoin all at the same time which stops the going up and that causes the price to suddenly plummet to earth, as long as that doesn't happen 100k is totally possible.
The only thing that hurts is the fact that sometimes people with a ton of bitcoin decides to take out profit and sell tens of thousands of bitcoin all at the same time which stops the going up and that causes the price to suddenly plummet to earth, as long as that doesn't happen 100k is totally possible.
We can't blame these whales they want to make profit, they always do this ever since, but I don't think they dump will all their shares they have a market to protect, they don't want new investors to think that it's the end of Bitcoin, this is what happens when a big portion of the supply is in the hands of the few, they can always manipulate the market.
https://www.forbes.com/sites/michaeldelcastillo/2020/08/26/fidelity-president-files-for-new-bitcoin-fund
We're going to see more and more of this in the coming years too. It's easy to forget how little involvement professional money still has in this space. It's a genuinely piddly amount despite the noise we give it. In another five years I expect most places to have some options for BTC.
We're going to see more and more of this in the coming years too. It's easy to forget how little involvement professional money still has in this space. It's a genuinely piddly amount despite the noise we give it. In another five years I expect most places to have some options for BTC.
Many skeptics have a negative attitude towards halving and the results to which it leads. In my opinion, it is worth paying attention to halving 2020 as the reason for the future growth in the price of Bitcoin. In any case, in the fall of 2012, miners were paid 25 BTC per block. At the same time, a year after this event, bitcoin rose in price almost 407 times. And already in the summer of 2016, manners received 12.5 BTC after the halving. But again a year later, the maximum value of bitcoin reached $ 20,000. Based on this, I am convinced of a similar development of events after the halving of 2020 and we will achieve possibly high results in the summer of 2021.
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