The thing is, if you prepare yourself for $100k, even if it goes to $30k you may end up losing money. While everyone 3x their profits, you will be out there losing money because you expected $100k and just got $30k instead, which could end up with a loss.
However if you wait for $20k and end up with $30k you could either make a 2x profit or you could make a profit even more, and you would be happy. That is why people go with the "I will say I won't get it, if I end up getting it I will be happy, if I don't I would be ready" type of logic in many things, that is why I think we should have that thought here as well.
Still some people go with "shoot for the stars, if you miss you land on the moon" type of (astronomically wrong) thing, so maybe they are right? I don't know.
Topic: Top 5 reasons I see $100k in next 2 years - page 3. (Read 859 times)
Here's some fresh kindling -
https://www.sec.gov/news/press-release/2020-191
The SEC are loosening the terms for being an accredited investor. It's not all net worth based now.
'The amendments allow investors to qualify as accredited investors based on defined measures of professional knowledge, experience or certifications in addition to the existing tests for income or net worth. The amendments also expand the list of entities that may qualify as accredited investors, including by allowing any entity that meets an investments test to qualify.'
That may open up further investment into crypto fun. Not sure what sort.
https://www.sec.gov/news/press-release/2020-191
The SEC are loosening the terms for being an accredited investor. It's not all net worth based now.
'The amendments allow investors to qualify as accredited investors based on defined measures of professional knowledge, experience or certifications in addition to the existing tests for income or net worth. The amendments also expand the list of entities that may qualify as accredited investors, including by allowing any entity that meets an investments test to qualify.'
That may open up further investment into crypto fun. Not sure what sort.
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 person/party who have a lot of bitcoin (whales) will have the same thing, they must take a profit from bitcoin they had. As long as they get profit they will not leave in this market, it means when they sell all bitcoin in any price and make bitcoin price down a lot but we will see as well bitcoin price will up drastically because they will buy back again.So, I don't think that this thing has done by them, bitcoin's price will have high price if there are a lot of people who trust it and know that bitcoin is worths than anything. I see the five reason that has mentioned in the OP make more sense rather than your statement.
peak by 2022 seem a wait. but i believe on the top 5 list that will bring its price to its new ATH. adoption like companies coming to use BTC this time will make people come to bitcoin and eventually become an investor. new people coming into crypto means a flow of money from new comers too.
The DEFI and halving still is one of the cause that will drive the price to go incredible up.
The DEFI and halving still is one of the cause that will drive the price to go incredible up.
Halving effect not here yet. Defi effect will lose its touch soon if not end of the year then maybe next year.
Peak in 2020 for sure not possible as halving happened too soon, we need at least one year so May 2021 is the earliest. 2022 is more likely if not even 2023.
maybe one of the reasons you mentioned above could be the cause, if the economy continues to weaken and investment in other fields has decreased, maybe investors will put their money in crypto and make a sizeable growth in value.
hmm 100k $ I don't think it's impossible.maybe people in 2010 weren't sure that bitcoin could even touch 1k $ but the fact is it happened, it's crypto and anything can happen here even if it looks impossible.
hmm 100k $ I don't think it's impossible.maybe people in 2010 weren't sure that bitcoin could even touch 1k $ but the fact is it happened, it's crypto and anything can happen here even if it looks impossible.
Alright this is a little self promotion haha. I wrote an article on Medium so I'm gonna post a link.
But in case you don't want to read the article, here's the list of five big movers I see making Bitcoin go to $100k in the next two years.
1. The 2020 Economic Crisis + Money Printing
2. Institutional investors continue to tip-toe into the market
3. The recent Halving plus just normal market cycle dynamics (meaning we're naturally in the upswing part of the cycle now)
4. Companies switching to BTC as their reserve currency (just saw the first instance of it this month, I would guess more will follow with at least a few percent of their cash reserves)
5. DeFi (raising the whole market but also locking away Bitcoin for use in DeFi)
Basically, inflation + money printing that can go into Bitcoin + desire for hard money + institutional investors and companies getting more comfortable with the idea of bitcoin + halving + DeFi + obviously the ensuing retail frenzy that will result once price starts heading north of ATH = $100k+ peak by end of 2022.
Normal link to Medium article
Friend Link to Medium article in case you can't see it behind the pay wall.
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?
But in case you don't want to read the article, here's the list of five big movers I see making Bitcoin go to $100k in the next two years.
1. The 2020 Economic Crisis + Money Printing
2. Institutional investors continue to tip-toe into the market
3. The recent Halving plus just normal market cycle dynamics (meaning we're naturally in the upswing part of the cycle now)
4. Companies switching to BTC as their reserve currency (just saw the first instance of it this month, I would guess more will follow with at least a few percent of their cash reserves)
5. DeFi (raising the whole market but also locking away Bitcoin for use in DeFi)
Basically, inflation + money printing that can go into Bitcoin + desire for hard money + institutional investors and companies getting more comfortable with the idea of bitcoin + halving + DeFi + obviously the ensuing retail frenzy that will result once price starts heading north of ATH = $100k+ peak by end of 2022.
Normal link to Medium article
Friend Link to Medium article in case you can't see it behind the pay wall.
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?
All this speculations are looking feasible , with point 1, the economic crises will help more adoption of cryptocurrency and with that we should also prepare to see the government take taxes on it more serious especially at those countries & government that are yet to understand cryptocurrency.
Then do you mean, cryptocurrency note printing?
If yes, there will also have to be some amendment in some of its general characters such as being only digital. And I think that will really help.
Basically, inflation + money printing that can go into Bitcoin + desire for hard money + institutional investors and companies getting more comfortable with the idea of bitcoin + halving + DeFi + obviously the ensuing retail frenzy that will result once price starts heading north of ATH = $100k+ peak by end of 2022.
Normal link to Medium article
Friend Link to Medium article in case you can't see it behind the pay wall.
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?
peak by 2022 seem a wait. but i believe on the top 5 list that will bring its price to its new ATH. adoption like companies coming to use BTC this time will make people come to bitcoin and eventually become an investor. new people coming into crypto means a flow of money from new comers too.
The DEFI and halving still is one of the cause that will drive the price to go incredible up.
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.
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.
kind of predictions. 6 digits price in a matter of 2 years? If we just base of on the 10 years of movement in price with btc or shall we say into the entire market then you can really able to picture out that
it wont really be that easy and also considering on the current economic situation globally then i cant really see that reaching these levels would be easy.This is why when someone do make out calls
or making speculations like these, i do automatically ignore and for those people who do get fooled on such belief then they'll surely realize it later on.
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.
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?
Do you think there are different main drivers of price this market cycle or you don't think some of these will pan out?
I can't think of something else since we don't really see it.
But its nice having some good analysis like this. Thumbs up to that.
De-Fi. It might be the huge chunk of the driving force to go up.
Just like ICO. Most ICO prefer Bitcoin and Ethereum as the currency used to buy their tokens which made a good pump to both of them.
And we know it's being hyped now. A great opportunity for the mass to go through bitcoin first before their beloved De-Fi's.
We didn't reach $20k yet and it is said to be speculating to get $100k.
Isn't too early in two years? Despite all of those bitcoin movers reason, whether it is big mover or not that is only presumptions, speculations. I may gonna believe that if we are in $30k-$50k right now.
You also included reasons like defi projects, it is not sure yet that it may gonna last(im referring to defi projects) Yes, it is currently at a hype right now but the reutation of it is not that established to be one of the reason behind that $100k price if ever. Anyway, I respect your presumptions. Afterall, this is a free community. It will gonna happen, but not too soon like two years from now. Maybe 10 to 20 years in the future.
Isn't too early in two years? Despite all of those bitcoin movers reason, whether it is big mover or not that is only presumptions, speculations. I may gonna believe that if we are in $30k-$50k right now.
You also included reasons like defi projects, it is not sure yet that it may gonna last(im referring to defi projects) Yes, it is currently at a hype right now but the reutation of it is not that established to be one of the reason behind that $100k price if ever. Anyway, I respect your presumptions. Afterall, this is a free community. It will gonna happen, but not too soon like two years from now. Maybe 10 to 20 years in the future.
To be fair, when we hit 20k (we already did), we were speculating already about $1 million. Compared to the vast majority of analysts out there throwing their hat into the very crowded ring, 100k looks relatively reasonable as a long-term target. In two years? Sure, why not. Thing is, it may or may not be because of the reasons listed. Bitcoin does have a way of going against conventional logic...
1.Governments and central banks trying to destroy Bitcoin.
Exactly how they destroy it? Maybe because the laws are starting to allow them to do business with crypto (EU&USA)? If you believe in conspiracy theories, then this makes sense - the banks will take possession of most of the BTC and then burn all the private keys
5.The 2020 economic crisis might end in 2021.This is just a suggestion.
Sure, but only in a fairy tale with a happy ending - the economic crisis has not really even begun, and it will last for years. Crashing happens easily and quickly, but recovery is always a slow and time consuming process.
6.The BTC halving is gone and it doesn't have any impact over the Bitcoin price.
Completely beginner comment, where were you in 2016 if you already missed 2012? Halving has no immediate impact on price, effects can be expected in 2021/22 - and fact that rewards are cut in half (900 new BTC per day) will certainly not be without effect.
$100k in next 2 years is quite a realistic and achievable number, especially if the investment of companies like Grayscale/Square continues as is the case in Q1/Q2 2020.
We didn't reach $20k yet and it is said to be speculating to get $100k.
Isn't too early in two years? Despite all of those bitcoin movers reason, whether it is big mover or not that is only presumptions, speculations. I may gonna believe that if we are in $30k-$50k right now.
You also included reasons like defi projects, it is not sure yet that it may gonna last(im referring to defi projects) Yes, it is currently at a hype right now but the reutation of it is not that established to be one of the reason behind that $100k price if ever. Anyway, I respect your presumptions. Afterall, this is a free community. It will gonna happen, but not too soon like two years from now. Maybe 10 to 20 years in the future.
Isn't too early in two years? Despite all of those bitcoin movers reason, whether it is big mover or not that is only presumptions, speculations. I may gonna believe that if we are in $30k-$50k right now.
You also included reasons like defi projects, it is not sure yet that it may gonna last(im referring to defi projects) Yes, it is currently at a hype right now but the reutation of it is not that established to be one of the reason behind that $100k price if ever. Anyway, I respect your presumptions. Afterall, this is a free community. It will gonna happen, but not too soon like two years from now. Maybe 10 to 20 years in the future.
To be honest, I don't see how these five reasons mentioned here could trigger Bitcoin price go all over to $100k. Nothing of this isn't connected to Bitcoin and it isn't influencing it. All this seems very exaggerated to me and definitely not convincing.
me either . i find that some of the reasons are not totally related to bitcoin but they may contribute a little to the growth of bitcoins value .especially the defi because its altcoin based which only encourage the use of alts and defi coins but when people involved on it , theres also a possibility that they can also get involved with btc because both are under the same roof .
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.
Quote
1. The 2020 Economic Crisis + Money Printing
Thats the only real reason for such a high target so soon, the complete destabilization of a monetary world standard would just about push to this edge and also mean 100k isnt even half the value it is now in real terms. My rule for taking any price target prediction like this seriously is the consideration of a total market capitalization. When price inaccuracy occurs, inflation or even deflation as occurs with default then we are losing track of value and the only way to properly compare assets is in ratio and a contrast in total value. People keep talking about price as if dollar value will never change, clearly its going to crumble under the weight of this debt at some point near term or certainly long term. But also the point is even BTC as unit is not stationary, the block reward alters its total monetary base so I'd prefer if these grand predictions gave the full picture for the total circulation of BTC vs other tokens etc.
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.
Reaching $100,000 in just two years is definitely a big exaggeration,
This is something people were talking about every major level. 2 years before reaching 1000 dollars the price was at $20 and 2 years before going to 20 thousand we were at $300.
look at the current price, which since the end of 2017 is still below $12,000, but at the end of 2017 there were many people who used arguments similar to your arguments to say that the price would reach $30,000 in 2018, then last year I also saw something similar and the price did not reach more than $15,000 last year.
So now is a forecast of $100,000 for 2 years from now? the price of bitcoin can't even reach more than $ 20,000 since 2 years and are you dreaming of $100,000?I s a great exaggeration
So now is a forecast of $100,000 for 2 years from now? the price of bitcoin can't even reach more than $ 20,000 since 2 years and are you dreaming of $100,000?I s a great exaggeration
It couldn't reach 20 because it was in a bear market. Between 2014 and 2016 the price still was wtruggling to surpass 1000 because of the 2 year long bear market.
When we break 20 thousand we will most likely go to 50 within the same year.
Your points are strong enough but I think it is too far bitcoin to reach $100k in next 2 years. We know that from 2015-2020, bitcoin increased a lot but practically all the things have a system and limitation according to situation and time.
Anything that goes up too fast then it tends to fall at higher pace as well. But just like now how bitcoin is gradually rising with testing 12k range zone and falling back and slowly keep rising will help in long run. So 100k in 2 years is till unknow for the matter but only thing is that it should be stable every time it creates a new ATH.
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