Why Bitcoin will Hit $100,000 in or Before 2022 - page 3.

Wilhelm

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$100k no way. Probably the largest group of retail bitcoin buyers during the end of 2017-2018 got their asses handed to them and they are either still underwater or have left the crypto scene altogether. Couple that with most alts down about 90-95% in the same time frame. Its going to be a tough sell going forward. We may be lucky to see $35-$40k. Then we will see a crash back to under $10k and lose another generation of investors. #viciouscycle

Ps to show how slow growth is look at 2017 price was at $20k, here we are almost 2yrs later worth of buying and adoption and bitcoin being spread out to even more people worldwide and the price is still half of what it was? Is this progress? That isnt progress. Its regression. We are keeping the early adopters piggy banks full and all they have to do is keep the plebs dreams alive.

Jelly that we are up high in the pyramid Tongue

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

It is not about what we know right now, bitcoin is a volatile thing and it could totally hit 100k and even go back down to 10k right after that who knows, however its about what will happen until 2022, we do not have any data about that.

If great things happen about bitcoin and crypto world than its obviously super possible, all politicians, laws, regulations, taxes and all the required things to run a crypto company gets easier and people start to make debit cards with bitcoin more commonly and you could even withdraw money from Bitcoin ATM machines with those cards, all these things make it sound like bitcoin would go over 100k in a heart beat. However, if bad things happen then it is still viable that bitcoin could stay around these prices or go up only a bit.

STT

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Steady growth that is sustainable is far more positive then the silly figures. Last time we had a price that doubled like that it was chaos of stupidly high fees and the peak was soon lost to great lament and celebration by all that hated Bitcoin.
I dont really frame that peaky price achievement as a positive in the long term really. So I dont expect, want or imagine 100,000 is happening. Its possible but people imagine just the positives when I see a proper market as having balance and there is likely a negative attached to such a number.

The scenario I want is 20,000 for the next five years. Totally boring but thats a price that can be built around, if it varied either way of 20k by 10k which is very volatile that'd still be a more positive outcome then a spike to 100k and some kind of failure or collapse. Even if the crypto were fine and it was Dollars which melted down, you are talking about your neighbours having great ruin from the failure of FIAT value. Hardly happy times, I'll take slow progress as better for everyone.

Oceat

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Quote from: dantee1 on August 19, 2019, 04:51:13 AM

Do you agree with me on my prediction that Bitcoin price will hit 100k before December 2022?

This upward movement will be fueled by People's sentiment and other important indicators. I also have a strong believe That no single person nor single policy is capable to bring the price down, rather the price is decided by the people's sentiments.

I like your optimism but i'm not so sure about your prediction since there are other factors that would tell that your prediction will get ignored. If you remember the bull run in 2017 you should be well aware of the days of how long before we finally see another bull run again. It takes more than a year to literally starts the market to go upward and you see the lowest price during the bearish trend.

Yamifoud

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The long-run for Bitcoin isn't yet over, prices may still unpredictable all the time. Looking forward to how it becomes a more valuable asset in the future will still be positive, but I'm not thinking that it will hit for $100k. Yes, it gonna be all unpredictable but having such price meant too high to be a value for a certain coin even the demand is so high.

wheelz1200

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Other people hit the point but these games of trying to say why it will or wont be a certain price years in the future (yes 2022 is still yearS), can be argued for or against. Worldwide political positions will have a big play on how crypto in general will do by 2022. But if I had to guess I'd say 30-50k Grin

figmentofmyass

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Quote from: The Sceptical Chymist on August 19, 2019, 03:25:15 PM

And think about it. Any asset that grows 10X in three years is ripe for a crash--so I'm actually hoping bitcoin doesn't get near $100k that soon. Hell, I'd be fine if it was at $25k by 2022. Ever see what invariably happens to investments that get into an exponential growth phase? Eventually they tank, just like the NASDAQ did in April 2000.

but it didn't collapse. in the long run, the entire 2000-2010 period was just a sideways plateau. there's a big difference between exponential rise followed by a correction, and a real live bubble asset that collapses and never recovers. bitcoin definitely isn't a bubble asset so i'm not too worried about the post-bubble crashes. they don't matter in the long run.

and the exponential runs are unavoidable IMO because of the nature of price feedback. higher prices give rise to hype/demand, which further drives higher prices. this cycle keeps building on itself until the crash finally occurs.

The Sceptical Chymist

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Quote from: dantee1 on August 19, 2019, 04:51:13 AM

This upward movement will be fueled by People's sentiment and other important indicators.

While I agree with you that bitcoin's price is determined by investor sentiment, there's no telling what that sentiment is going to be in 2022, or even next month for that matter. What happens if something comes along that blows bitcoin away? I seriously doubt that's going to happen, but anything's possible in 3 years.

And think about it. Any asset that grows 10X in three years is ripe for a crash--so I'm actually hoping bitcoin doesn't get near $100k that soon. Hell, I'd be fine if it was at $25k by 2022. Ever see what invariably happens to investments that get into an exponential growth phase? Eventually they tank, just like the NASDAQ did in April 2000.

Quote from: adaseb on August 19, 2019, 02:50:09 PM

Whichever social medium I browse like this forum, twitter, Reddit, news sites I am seeing these crazy $50K or $100K predictions and it leads me to be very cautious. Because too many people are bullish and it's never a good thing.

You got that right, bro. I don't think the bitcoin market is anywhere near a bubble, but if it gets to the point where we start seeing threads about people selling their houses and cars and kids' toys to buy bitcoin, it's time to run for the hills.

jossiel

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Before I'm excited to see such price base on the prediction of the crowd. And it's more than that, there are many factors that are unveil to come for this market and base on bitcoin's behavior, there's a possibility that it will reach that price.

We have an idea on how much to predict because we keep on comparing the situation on how bitcoin made from three digits to $20,000 on 2017. But to reach that price before or after 2022, adoption is the key for it.

adaseb

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Whichever social medium I browse like this forum, twitter, Reddit, news sites I am seeing these crazy $50K or $100K predictions and it leads me to be very cautious. Because too many people are bullish and it's never a good thing.

This is more or less the same situation as in Dec 2018 when it looked like BTC would break $3K and looked like it would hit the 3 figure range. And look what happened, it reversed when people least expected it too.

I am not saying it won't hit $100K sometime in the future but I am just saying to be cautious when everybody and their Grandma is investing in crypto due to massive amounts of greed in the markets.

peter0425

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Quote from: ?? on ??

The price prediction of 2022 for a $100k is mouth watering. No doubt that we are going to see more adoption by individuals and countries as the days go by.

But are those enough to take 100$k price within 2 years from now?though I trust bitcoin no doubt but 100,000$ is some what x10 from what we have now in which over expecting and may cause mis information for others

But thanks for positive outviews and this helps the community have positive thinking’s specially those who was been feeling victim when the fluctuations happens last year and many investors had bad experienced

With post like this(though it’s over expectations)yet positivity for all crypto community

Mahanton

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Quote from: dantee1 on August 19, 2019, 04:51:13 AM

Do you agree with me on my prediction that Bitcoin price will hit 100k before December 2022?

This upward movement will be fueled by People's sentiment and other important indicators. I also have a strong believe That no single person nor single policy is capable to bring the price down, rather the price is decided by the people's sentiments.

Nothing is uncertain and no one can predict the future thats why saying those numbers would either possibly be reached up or not on that year.
We have seen countless speculations about the price, we presume and hope but $100k would be too much on 3 years time.Breaking out the ATH
is the primary challenge and even doing that thing might take years.

Reatim

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Quote from: dantee1 on August 19, 2019, 04:51:13 AM

Do you agree with me on my prediction that Bitcoin price will hit 100k before December 2022?

This upward movement will be fueled by People's sentiment and other important indicators. I also have a strong believe That no single person nor single policy is capable to bring the price down, rather the price is decided by the people's sentiments.

I think better to read his topic first then decide if you will continue your thread or not because it seems that bitcoin will firstly reached the 100k$ value earlier than your prediction

https://bitcointalksearch.org/topic/do-you-really-think-bitcoin-will-reach-100k-in-2021-5176819

Reactions on that thread are more specific and truthful than this yours

8270thNinja

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busy in real life, long post gap is understandable

Quote from: dantee1 on August 19, 2019, 04:51:13 AM

That no single person nor single policy is capable to bring the price down, rather the price is decided by the people's sentiments.

Not exactly true and to be honest, it's not by the people sentiments, it's by how the trading works, how the maintenance of these trading platforms and exchanges affects the traders activity, Policies can make or break the trading platforms which will affect the price. Chart doesn't lie and you should start the basics of reading a chart to know exactly how to predict a price not only based on news or mere speculation, but also based on the trading charts.

dantee1

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Do you agree with me on my prediction that Bitcoin price will hit 100k before December 2022?

This upward movement will be fueled by People's sentiment and other important indicators. I also have a strong believe That no single person nor single policy is capable to bring the price down, rather the price is decided by the people's sentiments.

Topic: Why Bitcoin will Hit $100,000 in or Before 2022 - page 3. (Read 530 times)