What's your bet? how many years could bitcoin go to its highest? - page 2.

skarais

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Quote from: SquallLeonhart on May 03, 2021, 02:00:16 AM

I mean even many of institutional investors will leave off to book profits, bitcoin will continue as usual.

Of course that is true because bitcoin does not depend solely on institutional investor and we have a strong and growing community around the world today that is growing all the time.

Quote from: Roidz on May 03, 2021, 11:28:51 AM

but now it seems that bitcoin has gained a lot of trust from people~

I would say this is the essence of what we expect. Bitcoin continues to get attention from all over the world and over the years this community has formed a strong foundation for bitcoin and has helped them find out about its existence. Trust is one of the factors why this bitcoin is valuable over time. On top of that, bitcoin innovation is far superior to what you can get from fiat. Limited supply has pushed price higher and this has been supported by the large adoption and investment of institution.

fullhdpixel

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Quote from: Roidz on May 03, 2021, 11:28:51 AM

not only institutional investors are influencing the increase in bitcoin but everyone is now competing to invest their money in bitcoin and this demand occurs because people already understand about bitcoin fundamentals not only from the demand and supply side .

I agree that lots of people are these days aware of potential of bitcoin but they are hesitating about how much high bitcoin prices will be testing. I'm able to understand their concern because anyone will not be preferring to catch the top most price and when anyone will be investing they will also ensure continuation of bullish trend. So, if there will be any initiative on enlightening people about the maximum potential of bitcoin, that will definitely help new investors to get into bitcoins without hesitation.

I know it will be difficult to analyze about the maximum potential of bitcoin in terms of price levels. Still, something will be better than nothing even for this scenario. Some random speculation also will be helpful for people in some sense.

Roidz

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Quote from: skarais on May 02, 2021, 03:00:32 PM

Quote from: beerlover on May 02, 2021, 09:54:07 AM

~~~

One might expect more this time because of the support from the sizable institutional investor. How long it will last maybe we will see how institutional investor use their bitcoin. If they were only aiming for profit, it was still possible to see thing change at lightning speed. The trend will change after they come and go, but will probably remain the same if they don't want to linger on their investment. However, I still believe that the 4 year period (halving) will still have an impact on bitcoin price despite the support from institutional investor.

The halving day is the wait of many people because from some existing experiences, the price of bitcoin usually increases after the halving day, but now it seems that bitcoin has gained a lot of trust from people so that with this trust it makes the demand for bitcoin even higher and the proof is that now bitcoin continues set a record for the highest price increase, so not only institutional investors are influencing the increase in bitcoin but everyone is now competing to invest their money in bitcoin and this demand occurs because people already understand about bitcoin fundamentals not only from the demand and supply side .

Silberman

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Quote from: virasog on May 01, 2021, 12:55:40 AM

Quote from: Jaycee99 on April 23, 2021, 09:26:49 PM

Now I am curious base on this chart what can you say? what is your bet? on how many years will bitcoin go bullish again. If bitcoin all sudden went down on the value of 3k? give me only one number of the year "don't go an a possibly 5-8 years"

Ok i will give you precise prediction but then again no one knows the future.

1- Bitcoin will reach 3000$ again : NEVER
2- Bitcoin will reach 100,000$ : 27 September , 2021
3- Bitcoin will reach 1M Dollars : 30 June, 2025

The prediction makes sense, it is going to be incredibly difficult to reach one million dollars in this cycle however breaking 6 figures for the first time is completely possible but it is going to take the institutional investors to completely take over this market as we are still far away from that goal, however I think that is precisely what they are doing right now as they are slowly weakening the bears and once they feel they have done a good enough job we are going to see an explosive growth.

Oasisman

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Quote from: 7788bitcoin on May 02, 2021, 02:30:36 PM

Quote from: Jaycee99 on April 23, 2021, 09:26:49 PM

~snip~

The logic behind the all time high every 3 to 4 years is based on the amount of coins reduced by halving which is meant to reduce the number of coins in circulation.

I'm sorry but I'm not getting this. Do you literally mean that the halving causes some Bitcoin reduction in circulation or reduce in number of Bitcoin in circulation?
Bitcoin halving may not have a huge impact on Bitcoin's price, but as the trend goes on. People would be rushing to accumulate months prior to Bitcoin halving date, thus causing Btc to pump on the latter.

ice098

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Quote from: danherbias07 on May 01, 2021, 05:27:40 AM

$3000 is already way far. I don't think we will go back there.

2022 - 70k. Yes, I think bitcoin will slow down after so much pump with rich investors and their hype. A correction will happen over and over.
2023 - Could still be a stagnant year and may just play with $80k with new investors buying in. It may stay that way until 2024.
2024 - 2025 The crucial year. The halving. Preparations for purchasing Bitcoin before the halving. It always ends up to be a dump. Could play with $70k - $100k if a good event adds up.

All of this could come true if we can get out of this pandemic. But if only the rich will have the purchasing power, trust from small investors could fade looking for a sell point.

I want to be optimistic when it comes to a highest bitcoin exchange rate that it could attain but for now I couldn't help myself but to look for what might be the possibility for now like a bitcoin having an exchange rate of $70k -$100k at the end of the year. I guess the lowest value of bitcoin that was been recorded during the bearish market wayback 2 years ago was possible but impossible at the same time. The market of bitcoin has a strong resistance today than before that would justify our predictions.

SquallLeonhart

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Quote from: skarais on May 02, 2021, 03:00:32 PM

One might expect more this time because of the support from the sizable institutional investor. How long it will last maybe we will see how institutional investor use their bitcoin. If they were only aiming for profit, it was still possible to see thing change at lightning speed. The trend will change after they come and go, but will probably remain the same if they don't want to linger on their investment.

If you notice, there were different reasons which contributed for the bull run of bitcoins but most of them right now not having any significant importance still we are having bitcoin 100x or 200x higher than what what we had in some 4 to 6 years back. I mean bitcoin itself got those potentials (limited supply and real world applications). Hence regardless of those institutions and their levels of holding, bitcoin will still sustain and continue its rally.

I agree institutional investors have driven bitcoin markets up to current levels but they are NOT alone. We read changes in bitcoin miners' rewards holding habits, Paypal/visa/mastercard showed interest/adopted cryptos for some reasons, some governments delayed regulation on cryptos etc.

I mean even many of institutional investors will leave off to book profits, bitcoin will continue as usual.

skarais

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Quote from: beerlover on May 02, 2021, 09:54:07 AM

~~~

One might expect more this time because of the support from the sizable institutional investor. How long it will last maybe we will see how institutional investor use their bitcoin. If they were only aiming for profit, it was still possible to see thing change at lightning speed. The trend will change after they come and go, but will probably remain the same if they don't want to linger on their investment. However, I still believe that the 4 year period (halving) will still have an impact on bitcoin price despite the support from institutional investor.

7788bitcoin

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Quote from: Jaycee99 on April 23, 2021, 09:26:49 PM

Some said that the value of bitcoin will skyrocket in about 3-4 years. (I am sorry if I can't give you the source I forgot where I read that, but it is possible if you might find it is in one of the forums here. I just remember a topic that I think talks about "bitcoin go bullish" but mine is kinda different)

You are asking here to speculate about the price and if you are asking for a source you will not be getting any from anyone but if anyone says that they can vouch that the price will reach its highest then it is a lie. The logic behind the all time high every 3 to 4 years is based on the amount of coins reduced by halving which is meant to reduce the number of coins in circulation. If there is demand then the price will naturally rally and that is the logic behind these speculation.

beerlover

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Quote from: kotajikikox on May 01, 2021, 05:02:01 AM

Sorry but I'm confused about the topic , "How long or Years Bitcoin will reach the highest?

Same here. I tried reading thrice still I could not figure out what OP is seeking.

Still based on my observations here are few things about bitcoin's bullish and bearish trends:
1. Due to halving happens for every 4 years, bitcoin market is also following cycle of 4 years.
2. After halving, bitcoin slowly enters into stronger bull run which may last 12 to 16 months.
3. After a new ATH (usually in December like 2013 and 2017), next 12 months will be bearish trend.
4. After ~70% of fall down, market will enter to sideways which may last for another 12 months.
5. In the times of sideways, another halving will happen and 2nd point will come to effect again.

1st halving was on 2012 and bitcoin got ATH in 2013 December which was $1200.
In 2015 January, it recorded low around $180.

2nd halving was on 2016, bitcoin peaked to $19300 in 2017 (which was 100x from low of previous cycle).

In 2018 December, bitcoin touched low around $3500 hence we may see another 100x growth from that low in 2021 which might be around $350k in 2021 December.

This is my bet. Let's watch.

Theb

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Given that Bitcoin's and the crypto market's last bear market lasted for 18 months I would say that we can go twice that number depending on how sharp we will fall from out ATH a massive correction from this kind of amount won't be recovering fast as compared to the $19,000 drop we have last December 2017. We don't know how much time it will make for a reversal but I know it will take longer than last time. But market cycles really don't have that set period where you are sure that it will do a reversal it also depends on other factors that can make the recovery earlier or even longer.

BuNga_cute

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Quote from: Ridwan Fauzi on May 01, 2021, 05:48:58 PM

Honestly we don't know what will happen in the future. As we already know that bitcoin price movement is really depend on the economic and the situation of the country is this world. Especially, when the corovirus came that has pointed out that bitcoin is being choosen by most people as a store of value and we can see its price now, since the coronavirus cams bitcoin has been increasing for almost $60.000 and it has been one year.

So, we can predict as long as this situation I mean the corona virus or another plague still come and disturb the economic all country then we can measure that bitcoin will always be choosen by most people as their investment place and this thing will make bitcoin always increase. Otherwise, when there is no plague or something bad that can disturb the country economic then we measure that sooner or later its price will slowly down.

The COVID-19 pandemic has indeed triggered the price of Bitcoin to rise very drastically, as you said everyone was panicking and looking for
a safe place to save his wealth. Because people who save their wealth in the form of fiat are very panicked knowing that the government is
providing a stimulus by printing money, this is what will cause inflation. That's why only Bitcoin is the best as a store of value, and some
big companies are aware of it. Therefore, more and more large companies are now investing in Bitcoin, eventually allowing Bitcoin to reach
prices above $ 60k. I even believe the Bitcoin price this year will hit a high of $ 100k.

Ridwan Fauzi

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Honestly we don't know what will happen in the future. As we already know that bitcoin price movement is really depend on the economic and the situation of the country is this world. Especially, when the corovirus came that has pointed out that bitcoin is being choosen by most people as a store of value and we can see its price now, since the coronavirus cams bitcoin has been increasing for almost $60.000 and it has been one year.

So, we can predict as long as this situation I mean the corona virus or another plague still come and disturb the economic all country then we can measure that bitcoin will always be choosen by most people as their investment place and this thing will make bitcoin always increase. Otherwise, when there is no plague or something bad that can disturb the country economic then we measure that sooner or later its price will slowly down.

Coin_trader

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Quote from: danherbias07 on May 01, 2021, 05:27:40 AM

$3000 is already way far. I don't think we will go back there.

2022 - 70k. Yes, I think bitcoin will slow down after so much pump with rich investors and their hype. A correction will happen over and over.
2023 - Could still be a stagnant year and may just play with $80k with new investors buying in. It may stay that way until 2024.
2024 - 2025 The crucial year. The halving. Preparations for purchasing Bitcoin before the halving. It always ends up to be a dump. Could play with $70k - $100k if a good event adds up.

All of this could come true if we can get out of this pandemic. But if only the rich will have the purchasing power, trust from small investors could fade looking for a sell point.

The current market trend is very strong and we witnessed that multiple times when Bitcoin dip below 50,000$. Bitcoin target price this year was over 100K considering the previous price growth and looking at the daily chart assuming that it will follow the uptrend channel on daily time frame.

IMHO, Bitcoin will still grow until most the people holds it already and reach the stagnant level where no one is selling and buying.

acener

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Quote from: Jaycee99 on April 23, 2021, 09:26:49 PM

Now I am curious base on this chart what can you say? what is your bet? on how many years will bitcoin go bullish again. If bitcoin all sudden went down on the value of 3k? give me only one number of the year "don't go an a possibly 5-8 years"

I would say it would depend on how it would go after hitting that low again?
We couldn't tell for sure because many things would affect the growth of crypto.
But for it's current price to drop down as low as $3K I would say it would really take too much time to recover and maybe I would also lose hope since the whales and big companies had exit or left for the price to hit that low again.
I would lose hope for it to reach that high again but I would continue to use and support it as long as it is fighting and surviving.
We couldn't tell if there would be another set of big players who would enter when it gets that low and know that it has been dump to that price.

danherbias07

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$3000 is already way far. I don't think we will go back there.

2022 - 70k. Yes, I think bitcoin will slow down after so much pump with rich investors and their hype. A correction will happen over and over.
2023 - Could still be a stagnant year and may just play with $80k with new investors buying in. It may stay that way until 2024.
2024 - 2025 The crucial year. The halving. Preparations for purchasing Bitcoin before the halving. It always ends up to be a dump. Could play with $70k - $100k if a good event adds up.

All of this could come true if we can get out of this pandemic. But if only the rich will have the purchasing power, trust from small investors could fade looking for a sell point.

bitterguy28

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Not until the Last drop of Bitcoin being mined? there is no chance that highest will be reached.
We have watched 11 years in the making to reach a 63,000$ and still counting

So maybe until more than 50 years? bitcoin will grow.

Quote from: iamsange on April 30, 2021, 11:56:04 AM

2024 maybe because of bitcoin halving but not usually at that exact time when bitcoin halving. Usually have a delay like 1-6 months before bitcoin bullish. Only need a trigger like good news or maybe influence from someone who famous like when happen this time. Every bitcoin get halving, news that bitcoin circulation is cut by half will spread and people will think less supply means high price, start to buy it and make it pumped.

Lol , meaning the next halving will be the Highest? what about the following halving every 3-4 years?

kotajikikox

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Quote from: Jaycee99 on April 23, 2021, 09:26:49 PM

Now I made very little researcher because the value for bitcoin went down.

Some said that the value of bitcoin will skyrocket in about 3-4 years. (I am sorry if I can't give you the source I forgot where I read that, but it is possible if you might find it is in one of the forums here. I just remember a topic that I think talks about "bitcoin go bullish" but mine is kinda different)

Now I am curious base on this chart what can you say? what is your bet? on how many years will bitcoin go bullish again. If bitcoin all sudden went down on the value of 3k? give me only one number of the year "don't go an a possibly 5-8 years"

For me, my answer and bet for this, from 2019 3k value to 2022. From 2019 it took 4 years it can go reach more than the value of 60k base on this chart from my point of view, How about you what is your answer? and why?

Give me one answer don't just tell me that "we cannot specifically tell that year that anything is possible"(As I do always say Grin

but here I want your answer specifically, please )

Remember base on this chart and your own prediction, not the prediction that can found on the internet on various websites.

Sorry but I'm confused about the topic , "How long or Years Bitcoin will reach the highest?

__________________________________________________________

No there is no stopping for Bitcoin to climb its value remember that the more people use it is the more the value will increase.

__________________________________________________________

What I am more concern is How long until Bitcoin will be accepted by the whole world as currency and not just a Scheme or something in similar.

buwaytress

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Predicting prices and years sort of lost its lustre for me even if I do engage in self fantasy every now and then.

For me, it's quite simple. I either hit a price target or a time target, and neither are near me at all.

But for the sake of entering my prediction, top is 200,000 at 2025. Very simple 6 months after next halving. The effect every halving is hard to ignore.

virasog

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Quote from: Jaycee99 on April 23, 2021, 09:26:49 PM

Now I am curious base on this chart what can you say? what is your bet? on how many years will bitcoin go bullish again. If bitcoin all sudden went down on the value of 3k? give me only one number of the year "don't go an a possibly 5-8 years"

Ok i will give you precise prediction but then again no one knows the future.

1- Bitcoin will reach 3000$ again : NEVER
2- Bitcoin will reach 100,000$ : 27 September , 2021
3- Bitcoin will reach 1M Dollars : 30 June, 2025

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