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Topic: Will BTC reach $100,000 in December? - page 7. (Read 1401 times)

member
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October 26, 2021, 06:46:59 PM
bitcoin is experiencing a weak push so it is very difficult to break through the high price of $67k and bitcoin has fallen twice from to $60k previously it has risen at $63k but is back at $60k meaning investors are starting to hold back on giving support so that the market weakens slightly.
hero member
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October 26, 2021, 04:41:32 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
Let's wait for the big pumping of bitcoin, even though we don't have the ability to buy it ourselves, but it's very interesting if bitcoin continues to be discussed, especially October is a special month for bitcoin compared to other months of the year and I'm sure the end of the year bitcoin will experience an increase in price which is much bigger than now, but don't forget to do a study if you want to buy bitcoin for this month, because high prices have to wait for a bigger pump so that we get the maximum profit from buying bitcoin.
hero member
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October 26, 2021, 08:49:08 AM
Let us be realistic , what must be the reason for Bitcoin to reach that high just this year?
The reason must be 3rd halving of bitcoin ecosystem which happened by mid of 2020. So, bitcoin got all the reasons to be reaching some big peak levels this year (hope you are aware of how supply and demand of bitcoin ecosystem get disturbed by halving).

aren't we contented for the achievement just for the whole year in which the climb is more than 3x from the last ATH in 2017?
In 2017, bitcoin climbed ~20x from the ATH of 2013. But, we have seen only 3x from 2017's ATH so far hence what would be the wrong in expecting at least 5x or 10x this time also?

let us not be greedy guys so we will not lose also , the more you expect is the more chances of failing , let the market flow
These are all good suggestions only for new investors of bitcoin but most people here are holding from 2011 to 2014 and they never need to worry about any downfall hence being greedy doesn't matter for them. I appreciate all such greedy speculations because such foreseeing alone will get people new idea on how big bitcoin could grow.
full member
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October 26, 2021, 07:08:47 AM
Let us be realistic , what must be the reason for Bitcoin to reach that high just this year? aren't we contented for the achievement just for the whole year in which the climb is more than 3x from the last ATH in 2017?
let us not be greedy guys so we will not lose also , the more you expect is the more chances of failing , let the market flow , invest if you have more funds to help the market increase and not just by asking and asking but never add value to the market.
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October 26, 2021, 06:42:32 AM
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
If bitcoin's upward trend continues, the bitcoin price will reach $100k in December. And of course, with more investors expected to join in and significantly raise prices. But keep in mind that, no one can say exactly what bitcoin price will end in 2021, but if we follow the previous price action, Bitcoin could hit the expected $100k price in December.
STT
legendary
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October 25, 2021, 04:24:34 PM
The more rapid the price changes the more apprehensive I get, its not that I dont want 100k to happen I just want the smallest gradient over the most time.    Ideally I want it to climb to that height over 24 months not 2 months, like a mountain path over the pass its best if its meanders back and forth slowly but surely.   Only the great adventurer wants to ascend vertically and doesn't fear the fall, we rise too fast it'll smack us right back down again.
legendary
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October 25, 2021, 03:18:14 PM
100k is possible but I still wouldn't estimate it occurs this year despite the recent new higher price.   I think more volume and pressure to break upwards is required for such a large gain, higher prices do bring in new sellers also its a cycle between both ends of the market.  To not be satisfied with pricing in the 60k is more then a little ungrateful, holding such a high price for this year is a great achievement in gains for Bitcoin; this is already a very positive market, developing will take time to build imo.
You should be wanting to see it, but also get ready for something like that would never happen at the same time as well. I mean just because you think that 100k will happen doesn't mean that you should be making any type of plan for your future based on that before it happens. What if it doesn't happen this year? Then you are going to be behind your calculations and you are going to lose a lot of money because of it as well.

So, I suggest people to hope for a higher price but they should also not be making any type of movement or getting a loan or anything risky like a high leverage with all-in situation just because they are hoping for something like that. I suggest everyone that if you really want to make sure that you are going to make a profit then you should be also ready for a huge crash potential as well, that way you would hope and get happy about a future higher price, but also have some sort of drop defense system ready as well.
full member
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October 25, 2021, 03:06:47 PM
#99
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

Judging from bitcoin's current success, $100k is not a difficult level for bitcoin to reach, but I'm a bit hesitant to say that bitcoin will reach this level in December because bitcoin has hit twice ATH in one year, so we will have a correction first before hitting the $100k level, as bitcoin experienced last April.
indeed this year is bitcoin doing very different things where the ATH achievement is clearly already happening, the last one was Oct 20, 2021 at $67,276.79 which was clearly not long ago. but indeed after ATH is formed immediately there will always be a correction again.
but this is interpreted as a stepping stone to jump to a higher ATH.

So if there is a correction, there is no need to worry anymore, we can be sure that bitcoin will be able to increase again and make a leap to increase quickly. predictions so far are still that by the end of the year there will be another renewable ATH.
will it be the same as some analysts have said that it will reach $100K? certainly can be seen from the increase at the end of this October.
STT
legendary
Activity: 4102
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October 25, 2021, 04:28:08 AM
#98
100k is possible but I still wouldn't estimate it occurs this year despite the recent new higher price.   I think more volume and pressure to break upwards is required for such a large gain, higher prices do bring in new sellers also its a cycle between both ends of the market.  To not be satisfied with pricing in the 60k is more then a little ungrateful, holding such a high price for this year is a great achievement in gains for Bitcoin; this is already a very positive market, developing will take time to build imo.
sr. member
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October 25, 2021, 04:01:19 AM
#97
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

Judging from bitcoin's current success, $100k is not a difficult level for bitcoin to reach, but I'm a bit hesitant to say that bitcoin will reach this level in December because bitcoin has hit twice ATH in one year, so we will have a correction first before hitting the $100k level, as bitcoin experienced last April.
hero member
Activity: 2352
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October 25, 2021, 03:03:31 AM
#96
I just wonder why $70k is not looking for you "too much" but anything beyond that is so? You seem like you still not ready to accept the real potential of bitcoins. All bitcoin's bull run usually end up in bubble zone only. So, $70k cannot be such a bubble zone as it is just few thousands away. So, get ready for experiencing something above $100k or $200k before bears grab the dominance.

I guess especially now that price is again coming down from ATH,,, we must remember that for a lot of people this is the first time they have ever seen an ATH and it really did not look possible in August and September. So for them to actually witness it, the fear of missing out on ATH caught on. 70k++ was hardly too much considering less than 10% gain from ATH.

But still to grow 50% more to 100k? The logical market perspective fights this possibility Smiley
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October 24, 2021, 11:36:08 PM
#95
bitcoin has a very good opportunity where bitcoin already has good support from various countries, especially after America launched the Bitcoin ETF exchange last week and the country of El Salvador has announced to its people that bitcoin is legal as a legal medium of exchange in their country.
Good opportunity to reach 100k  because of that 2 news you delivered ? so why Bitcoin still drops down below 60k yesterday ? if those reason is the opportunity then we must be at 65k again this moment  Grin

____________________________________________________________

We have more than 2 months from now , if the movement increase in the middle of November then possibilities are there but if not? then lets face it we are on the down trend in 2022.

Whale saw a dip yesterday from $66k down to $59k in just 3 days, but now there's been a reversal of bitcoin back to its current $62k price. seems to be experiencing a weekly price correction where investors are trying to make profits in the short term and they are not long term investors. so it's only natural that such a decline occurs because bitcoin enters a volatile market.
full member
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October 24, 2021, 10:56:17 PM
#94
bitcoin has a very good opportunity where bitcoin already has good support from various countries, especially after America launched the Bitcoin ETF exchange last week and the country of El Salvador has announced to its people that bitcoin is legal as a legal medium of exchange in their country.
Good opportunity to reach 100k  because of that 2 news you delivered ? so why Bitcoin still drops down below 60k yesterday ? if those reason is the opportunity then we must be at 65k again this moment  Grin

____________________________________________________________

We have more than 2 months from now , if the movement increase in the middle of November then possibilities are there but if not? then lets face it we are on the down trend in 2022.
sr. member
Activity: 1666
Merit: 268
October 24, 2021, 06:59:41 PM
#93
The chance for bitcoin to reach new ATH is still wide open as we see the last ATH is at $67 and maybe that is just a test for bitcoin price before the price starts another rally. Besides that, it is good to see the price stable at $60k-$61k because the price can rally anytime.
The possibility is huge for that.  You can't go into bitcoin less optimistic with $100k or even more.  While Bitcoin ETF is still some way it can strengthen, although this is not necessary for bitcoin right now, the upcoming Taproot is another explosion to break out of the $70k zone, wait patiently because  Bitcoin's response will represent what the world faces with most hyperinflation problems.

Only for people who have faith in the future of Bitcoin, who will be optimistic that Bitcoin is still able to reach new ATH again. Having previously
surprisingly very quickly reached the price of $ 67k. But with Bitcoin's growing popularity, it is not impossible that Bitcoin will reach new ATH
again in the near future. We must remember that this year Bitcoin received great support from the country of El Salvador, this could indirectly have
a good impact on Bitcoin, because there may be other countries that are also interested in legalizing Bitcoin as a legal tender. So I wouldn't be
surprised if Bitcoin finally manages to hit $100k by the end of this year. Because the achievement of Bitcoin in October is enough to convince me
that Bitcoin can make another surprise.
full member
Activity: 673
Merit: 106
October 24, 2021, 06:49:29 PM
#92
The chance for bitcoin to reach new ATH is still wide open as we see the last ATH is at $67 and maybe that is just a test for bitcoin price before the price starts another rally. Besides that, it is good to see the price stable at $60k-$61k because the price can rally anytime.
The possibility is huge for that.  You can't go into bitcoin less optimistic with $100k or even more.  While Bitcoin ETF is still some way it can strengthen, although this is not necessary for bitcoin right now, the upcoming Taproot is another explosion to break out of the $70k zone, wait patiently because  Bitcoin's response will represent what the world faces with most hyperinflation problems.
legendary
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October 24, 2021, 06:43:56 PM
#91
this forecasting thing is to be handled very cautiously, your friends may think that the price will reach $100,000 in December as a sure thing but come December and the price will be way below $60,000 because we always have to think about what will motivate the price reach $100,000 in a short time? big investors (which are the ones that make the price increase very fast) they buy with clear objectives, in this case they always buy when there is good news, so without good news there are no high prices quickly, in this current scenario it was the ETF, but From here to December things are already different, there has to be another scenario for the price to increase a lot
hero member
Activity: 3080
Merit: 603
October 24, 2021, 06:19:05 PM
#90
We did saw a quick price increase from bitcoin within the range today that has made it reached $66k. And it has also made a quick dump so both ways and possibilities are very available.
This is bitcoin that we get to see each day being very volatile and that's why the hope of seeing it @ $100k is always possible and giving it a timeline for December, whether it will or not on that month, we're always patient for it to be seen at that price.
Well, the all-time high didn't last long, that's for sure, and it was actually expected that it would fall shortly after. There's a slight possibility that Bitcoin will surpass $70,000 before 2022, but I'm not that positive about any further price increase within the year, it looks too much.
It's always like that, whenever bitcoin reaches new all-time high, it's not staying there for long. But that's okay as long as we get to see it and have it there, that only gives us more hope that we're likely to see higher price eventually. ATHs after ATHs as the very usual thing that will have in our minds.
So if you're longing to see those 6 digits in the future, we'll get to see them if you'll remain patient and will eventually wait for it. Just don't panic if there are FUDs being sent to the market.
sr. member
Activity: 2660
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October 24, 2021, 04:21:55 PM
#89
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's just a speculation, a lot of people say that too, you can see it on this forum or on twitter, but i don't suggest you buy bitcoin before you do some research about bitcoin, so go research anything about bitcoin and do you think it's worth it $100k
How you will find that bitcoin is worth for $100k or not? Just by calculating the mining energy it needed for minting bitcoins securely? To decide about the approximate value of one asset, we are having open market. So, it might be a good option for all the methods that we are using for our asset.

Personally I am expecting bitcoin to reach $100k levels but at the same time, definitely it will not stop around those price levels. Hence, we must need to be ready to see really higher end prices for bitcoins this year.
sr. member
Activity: 1666
Merit: 426
October 24, 2021, 02:43:44 PM
#88
If bitcoin continues this upward trend up until let's say November, there's a good chance we could hit 100k by the end of the year given the fact that bitcoin has little to no resistance beneath it that could impede with its pump. But honestly speaking there will be obstacles along the way that could stop bitcoin from reaching such high numbers by the end of the year so I expect it being able to reach this amount by Q1 of 2022 or Q2. The opportunity is still there but with a little bit of realism we could see how things really are going for bitcoin.
I guess other coins in this crypto space got nothing to do with the progress of bitcoin; but moreover, those coins are diluting the easier possibilities of getting into $100 by distracting the investors. If all the new investors put all their money only into bitcoins then probably we are might be trading around $150k levels by this time by a rough estimates.


Other coins have nothing to do with the progress of bitcoin, but bitcoin itself has a great influence in advancing other coins in the market, the proof is that every bitcoin goes up, then other coins will also experience the same thing, although the increase is not so big on the selling price of other coins, and it is possible investors put all their money to invest in bitcoin instead of other coins will also have an impact on price increases, so they don't just get profits on bitcoin investments.
This is more apparent last year when bitcoin was able to reach 30k by December, whereas ETH stayed at a very high 1k USD as well. Goes to show how impactful bitcoin is to other cryptocurrencies in the market. I still think there is some effect on bitcoin when other cryptocurrencies pump or dump but it's so minimal we might as well just disregard it. Rarely do I see investors in their right mind who are putting all their eggs in one basket when there is enormous opportunity to diversifying their assets.
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October 24, 2021, 02:02:15 PM
#87
I guess other coins in this crypto space got nothing to do with the progress of bitcoin; but moreover, those coins are diluting the easier possibilities of getting into $100 by distracting the investors. If all the new investors put all their money only into bitcoins then probably we are might be trading around $150k levels by this time by a rough estimates.


Other coins have nothing to do with the progress of bitcoin, but bitcoin itself has a great influence in advancing other coins in the market, the proof is that every bitcoin goes up, then other coins will also experience the same thing, although the increase is not so big on the selling price of other coins, and it is possible investors put all their money to invest in bitcoin instead of other coins will also have an impact on price increases, so they don't just get profits on bitcoin investments.
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