Will BTC reach $100,000 in December? - page 10.

sheenshane

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Quote from: bct-user on October 12, 2021, 06:44:00 PM

Quote from: OrangeII on October 12, 2021, 08:39:15 AM

your friend is also just doing speculation. it would be great if he gave you a reference as to why the bitcoin price could go that high by the end of the year.

Yes, it is purely speculation. And I think it is no need for a reference because it cannot help much. We all know that no one can guarantee the price of Bitcoin to achieve $100k, it is something impossible. I am not sure if every statement of big players or experienced traders, can be trusted. Those people who speculate Bitcoin to reach $100k, may just try to make people not exit or take profits too early.

Everyone can speculate on their own and since no one can predict the Bitcoin price, all we have to do is to speculate the possible price in the future.
They are just holders who believe that the Bitcoin price will reach $100k and there's nothing wrong with it, it's a sign of courage to them to keep hold their Bitcoin and not to sell at an early stage where the purchase.

IMO, Bitcoin will not reach a $100k price in this last quarter of the year, it's too early for that. However, I have doubt that this year the previous ATH will break and surpass the newest one. We're in $57k and a little more to go to become a $60k plus which is the previous ATH.

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Quote from: OrangeII on October 12, 2021, 08:39:15 AM

your friend is also just doing speculation. it would be great if he gave you a reference as to why the bitcoin price could go that high by the end of the year.

Yes, it is purely speculation. And I think it is no need for a reference because it cannot help much. We all know that no one can guarantee the price of Bitcoin to achieve $100k, it is something impossible. I am not sure if every statement of big players or experienced traders, can be trusted. Those people who speculate Bitcoin to reach $100k, may just try to make people not exit or take profits too early.

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Quote from: jackg on October 10, 2021, 08:03:55 PM

Quote from: Jessi Cayue on October 10, 2021, 07:56:58 PM

Because most of my friends believe that BTC reached 100,000 US dollars in December, so I want to discuss whether this is true Grin

This has been quite a long standing speculation and something that might become true just because people think it'll happen. We did get quite high and I think it's likely we'll see a new all time high within a year but whether that'll be $100k or not would be different...

Also if you're asking this because you're thinking of investing, it might be a bad idea to (at least with an unaffordable amount).

Many have higher predictions than that but it is obvious the 100k level is probably the most targeted, just as the 10k level was targeted as it would be the first time bitcoin would have a value of 5 figures now we are targeting 100k for similar reasons.

And it does not seem as hard to reach, the market is trending positively and hype is building around bitcoin once again, however as you state I do not think it is a good idea for someone that knows nothing about it to invest now as they would be doing it mostly because they want fast profits, and while they could get them it is also likely they invest too late and invest at the peak of the bull run and they lose a massive amount of money once it ends.

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Just think of the price few days back. The price grew all of the sudden and has reached $57k+ in a short time period. Reaching $100k is not at all a big thing, because bitcoin has got the potential and it has a proven record of reaching $64k+ value. End of previous month the price was close around $41k and the growth of around $16k+ have taken place in less than two weeks. When I started writing the post the price was close around $57k and now fallen low to $55500. We can't say with assurance, but with the inflow of money there is little chance of reaching $100k this year.

OrangeII

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Quote from: Jessi Cayue on October 10, 2021, 07:56:58 PM

Because most of my friends believe that BTC reached 100,000 US dollars in December, so I want to discuss whether this is true Grin

true or not, no one knows for sure. your friend is also just doing speculation. it would be great if he gave you a reference as to why the bitcoin price could go that high by the end of the year. however, if they just say it, you need to find a clearer reference on that.
again, no one knows about it. we can only hope there is positive news regarding bitcoin at the end of this year.

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Quote from: btc78 on October 12, 2021, 01:06:29 AM

what we have in march 2022 that we don't have this year?

bitcoin already reached 64k this year so what more another 36k dollar in the following months?

Time, we have time until march 2022 compared to what we have left in 2021. That could be the reason why people imagine that it would be harder to do 100k this year. I believe that there is a good chance we could see crypto reaching to new highs, not just bitcoin but all of them but I believe we need time for it and what is left in 2021 may not be enough for it as well.

We are going to end up with much more stuff, but it doesn't mean that we can't do it neither, we may reach 100k during 2021 and it is technically possible and we have seen big bull runs happen before, all I am saying is that it could be a lot more possible if you give 5 months instead of 3 months. Actually if you give all of 2022, like "by this time next year" or something then we would have even more time and it would be even more possible to reach 100k by that time.

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Quote from: Jessi Cayue on October 10, 2021, 07:56:58 PM

Because most of my friends believe that BTC reached 100,000 US dollars in December, so I want to discuss whether this is true Grin

They believe but the question here about your friend to be investing? because if you are only talking like nothing then why need to ask this.
are you also an investor ?
I don't trust the Guts of bitcoin reaching 100k this year because the hype had already subside and the price stagnant at 40-50k level and even go down to below 30k recently .

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We should just follow and enjoy the price movements, whether the price will reach $100,000 in December or it will not be at that price because if we only wait and see without doing anything, we can miss the good time to sell bitcoin at a high peak.
We do not have to think about when the price will be at $100,000 because the price will be at the right time.
While we still have more time to accumulate more bitcoin, we should focus on having more and more bitcoin and that will be the best thing that we can do for the coming of $100,000.
We will not regret selling bitcoin at that high price because we already accumulate more bitcoin from now on.

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already a few months ago many people discussed about the questionable bitcoin price speculation whether it will be able to reach 100k.
bitcoin price increase in early october this convinced many people that Bitcoin will soon reach a new ATH but I think it's still too early to talk about bitcoin price which will reach 100k by the end of the year, this year only 2 months left and I am very pessimistic for bitcoin will reach the price of 100k because soon this year has passed and to reach 100k bitcoin it takes a very large increase from the current price.

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Quote from: doomloop on October 11, 2021, 06:52:26 PM

Quote from: Jessi Cayue on October 10, 2021, 07:56:58 PM

Because most of my friends believe that BTC reached 100,000 US dollars in December, so I want to discuss whether this is true Grin

It is obvious to me that there are two paths that we will take and it will not until December to realize which path we are on. If we keep going up then we are in a bull run and that means things could go to 100k, even if not in December then maybe next year, last year we went from 4k in march to 10k in summer to 60k in next may, which is why we should be considering the possibility of a bull run going even after we go into the next year.

What we need to focus on right now is the movement. However if it looks like it is going to drop down then we are going to have a correction and 100k doesn't seem likely in that situation so we should be more careful in that case.

we are monitoring bitcoin movement and now bitcoin has started to enter today's high of $57,400. there's nothing wrong with us staying consistent if bitcoin will penetrate $100k this December. The movement of bitcoin is very concrete and it is clear that its movement is influenced by some positive issues lately.

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Quote from: Jessi Cayue on October 10, 2021, 07:56:58 PM

Because most of my friends believe that BTC reached 100,000 US dollars in December, so I want to discuss whether this is true Grin

Why need to be in december when it can possibly happen in october or in november?

https://coinmarketcap.com/currencies/bitcoin/

the value now is climbing and still doing better and better, so any good spike may happen very soon or the other way around .

Quote from: Weng simok on October 12, 2021, 12:50:14 AM

Is it that easy for bitcoin to penetrate $100k in the next three months or more precisely in December this year. I'm speculating it's impossible and it will take a strong push to break through $100k in three months. but more accurately it could break $80k in December and $100k in March 2022.

what we have in march 2022 that we don't have this year?

bitcoin already reached 64k this year so what more another 36k dollar in the following months?

Weng simok

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Is it that easy for bitcoin to penetrate $100k in the next three months or more precisely in December this year. I'm speculating it's impossible and it will take a strong push to break through $100k in three months. but more accurately it could break $80k in December and $100k in March 2022.

doomloop

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Quote from: Jessi Cayue on October 10, 2021, 07:56:58 PM

Because most of my friends believe that BTC reached 100,000 US dollars in December, so I want to discuss whether this is true Grin

It is obvious to me that there are two paths that we will take and it will not until December to realize which path we are on. If we keep going up then we are in a bull run and that means things could go to 100k, even if not in December then maybe next year, last year we went from 4k in march to 10k in summer to 60k in next may, which is why we should be considering the possibility of a bull run going even after we go into the next year.

What we need to focus on right now is the movement. However if it looks like it is going to drop down then we are going to have a correction and 100k doesn't seem likely in that situation so we should be more careful in that case.

bct-user

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Quote from: Jating on October 10, 2021, 09:56:36 PM

Quote

Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K

So it's pretty much accurate, however, we all know that prediction is just prediction, so no one can really tell if you are going to hit 6 digits this December or not.

It is interesting to see the possible price of Bitcoin. But as you said, it is only a prediction, no guarantee to reach. First of all, let see if Bitcoin really touches $63k this month, then we can believe this prediction. We need a small proof first before we assume the prediction of BTC price in December to be above $100k. However, I will sell all my coins before the price of Bitcoin reaches $100k, which may be about $70k. I doubt it is like a trap made by whales.

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Quote from: Jessi Cayue on October 10, 2021, 07:56:58 PM

Because most of my friends believe that BTC reached 100,000 US dollars in December, so I want to discuss whether this is true Grin

At the very least we are talking about even a recovery right now, bitcoin price went as low as under 28.5k right? Look at it right now, it is over 57k once again. So if we are afraid of a drop, we should be excited about the this increase as well right? I mean that only makes sense.

However I also think that we should not excited about neither of them, neither the drop was big nor the recovery. We are going to see these small ups day to day for a while and after a while when all the sellers realize the price is not going down, they will stop selling and the buyers will probably outweight enough to bring us to near 100k levels very soon.

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Quote from: Emitdama on October 11, 2021, 04:32:53 PM

just expecting (even timing also) might be leading you to mess up your investment plans. So, act based on market things and not by history.

Some people are blindly believing into the fact of "history repeats itself" but unfortunately expecting more accurate timing also might be leading to big frustrations in the end. I agree with you that we can dependent on history repeating only up to some level and definitely not in 100% of things. You can make use of what happened in the past but speculating purely based on what happened in the past may not be that much helpful for the any bitcoin investor. You must need to go for technical analysis for more accurate predictions.

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Quote from: jostorres on October 11, 2021, 02:45:42 PM

$100k is highly possible by the month of November or at least by December month of this year.

I guess you are just speculating based on what you have seen by the times of 2017 by the times of bull market. But my question is, what would be guarantee for bitcoin market to be repeating the same kind of behavior this year also. Markets are always known for surprising us; it means anything could happen at any time. So, just expecting (even timing also) might be leading you to mess up your investment plans. So, act based on market things and not by history.

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Quote from: ene1980 on October 11, 2021, 01:38:49 PM

there are institutional investors who already invested billions and they might control where the market would go and the moment they start booking their profit we will be back in the bear market.

But, I believe both institutional and individual investors are into bitcoin markets for years (but probably institution are nowadays openly announcing about their holding) which is the reason why are trading where we are, regardless of hundreds of highly negative influencing news on bitcoin markets. All I mean, the current bullish trend is nothing different from what we had in 2013 or in 2017 or in earlier months of this year.

This means you can expect a bearish market by end of this year but before that we may test a huge ATH by end of November or by the first week of December. So, $100k is highly possible by the month of November or at least by December month of this year.

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Quote from: ScamViruS on October 11, 2021, 12:51:05 PM

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All traders have their own opinions and different perspectives on the market. The market will decide which trend to go in the next step, because if there is demand in the market then there is a possibility to go in this $100k price range. But no one can say for sure what the next trend of the market will be.

You need to have an understanding about the market situation if you are investing money in it and the market will decide the trend but this time around there is a major difference from the last rallies that there are institutional investors who already invested billions and they might control where the market would go and the moment they start booking their profit we will be back in the bear market.

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Quote from: Jessi Cayue on October 10, 2021, 07:56:58 PM

Because most of my friends believe that BTC reached 100,000 US dollars in December, so I want to discuss whether this is true Grin

It all depends on how much demand there is for Bitcoin among traders in the market. So you can't say wrong what your friend is saying unless the market proves his opinion wrong. Let's wait and see how Bitcoin performs in the market in the coming days.

Quote from: Dhaniii on October 11, 2021, 08:20:44 AM

as the market price rises to $56k many people are assuming that bitcoin will break the $100k price by the end of december. but I see there are still some people who are hesitant and some are already convinced that the market price will break through $100k by the end of this December.

All traders have their own opinions and different perspectives on the market. The market will decide which trend to go in the next step, because if there is demand in the market then there is a possibility to go in this $100k price range. But no one can say for sure what the next trend of the market will be.

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