will the btc price reach 100k ? - page 10.

AprilioMP

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Quote from: Ravichnadra on January 04, 2024, 07:40:32 AM

However, Bitcoin has shown significant growth over the years, and some analysts and enthusiasts believe it could potentially reach $100,000 or even higher in the future. Market trends, adoption by institutions, regulatory changes, technological advancements, and overall market sentiment can all play a role in its price movement.

You have certainly seen Bitcoin price data from year to year since Bitcoin was launched with various events that are now history.
The growth of Bitcoin based on price assessments is correct that the data shows the graph is increasing so that when many people are interested in Bitcoin it is not a coincidence but because of awareness.

Quote from: Ravichnadra on January 04, 2024, 07:40:32 AM

While it might seem implausible in the near term considering current market conditions, forecasting over a longer period, like 10 years, opens up possibilities for significant changes in the cryptocurrency landscape.

People who have an interest in Bitcoin not because of the price that can be profitable if they are willing to hold Bitcoin in the long term, but enthusiasts who have a great interest in Bitcoin because of the awareness of seeing Bitcoin more from the price side which cannot be stated specifically the reason they want to own as much Bitcoin as possible and for a long period of time.

Something that has been proven and admitted by people themselves on Bitcoin makes perfect sense. Even though it's not necessarily true, I think Bitcoin enthusiasts who continue to increase from year to year realize that the Bitcoin system is superior to other financial systems they are currently using.
Maybe they realize the single best hedge asset is Bitcoin.

adultcrypto

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For every market cycle, Bitcoin will always create a new all time high. For the present market cycle, we also expect the price to surpass the all time high of $69k, but what we do not know is if it will get to $100k. But for a certainty, the price of Bitcoin will someday reach $100k and even higher. The signs are there that Bitcoin has the potential.

There are even opinions that Bitcoin will get to a new high with the combined effect of ETF approval and halving. I don't know if this is over ambition but the possibilities are there.

thecodebear

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I mean of course it will pass $100k. There isn't any question about that. In fact most people expected it to last market cycle but the bull run got interrupted in the middle of the year so it was a rather small bull run that fell short.

Bitcoin will definitely pass $100k this market cycle, so likely in early 2025. It could even hit $150k if things go well this bull run.

Then it'll no doubt drop below $100k during the bear market so 2026 and much of 2027 will be below $100k, but likely by late 2027 it'll pass $100k again for good.

By the 2030s a price well into the 6 digits will be normal and people will wish they could have bought Bitcoin at $100k the way people now wish they could have bought at $10k.

Nwada001

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Quote from: _act_ on January 04, 2024, 09:56:05 AM

Quote from: Nwada001 on January 04, 2024, 09:36:17 AM

Quote from: _act_ on January 04, 2024, 08:36:43 AM

Quote from: apogio on January 04, 2024, 07:53:17 AM

Bitcoin's exchange price cannot be predicted.

If bitcoin ETF is approved or not, the price will certainly get to $100000 in either this year or next year.

Those are all still assumptions; we can never be too certain about when the bitcoin price will hit $100,000. Saying this year or next year means you are also not sure about when that will happen, which is just the same thing as what @apogio is saying.

If you want me to agree with what you are saying, let us bet $100 each and see what would happen. If bitcoin did not get to $100000, then you will have the money. But if bitcoin get to $100, in 2024/2025, then I will get the $100. I have analysed the market and my confidence is high about this. If you are ready, let me know so that we can put the coin worth of $100 on a 2-of-2 multisig or 2-of-3 multisig. Like I said, bitcoin will get to $100000 in 2024/2025.

Lol, it's funny how you want to place a bet on this.

I'm not against the prediction that bitcoin won't touch $100k either this year, which is 2024, or even next year, which is 2025.

It's pretty much possible for it to hit that price even before 2025. Anything can happen with the bitcoin price, but the only thing I'm against here is that you can never be too sure of when that will happen. Saying 2024 or 2025 still shows how uncertain you are about when that target will actually be met. A prediction like this is easy to make, and that's not a correct score to me.

When you talk about the bitcoin price being hard to predict, I mean, someone is saying, On this day, let's say on the 28th of January 2023, we will see the bitcoin price at $100k. Such kind of prediction is what I don't see anyone being very confident in making; unless someone makes such predictions, I still see all of them as assumptions and not being too sure of when they will really happen.

Zaguru12

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Quote from: apogio on January 04, 2024, 09:42:10 AM

I am terrible at speculations, but in my opinion the $100k per Bitcoin is not far away. If bitcoin succeeds in becoming the largest value-storage asset, then we can expect it to be around 10 trillion dollars which will essentially mean that 1 BTC will be equal to approximately $470k. To me, this is a more realistic target for bitcoin. But of course, nothing is guarranteed. All I am saying is, the $100k point is significant, but it is not far away, in my opinion.

I also see it as something that is not far because of some factors around it, first is that fact if the spot ETF gets approved then I see the hype around it creating a very strong and large FOMO and many will hop in most especially big investors and we go easily beat the current all time high even before the real bull run begins after halving. The other effects are the fact that US elections are November and a change of government could actually cause a market pump if the coming government pretends to be in support of bitcoin or cryptocurrency at large( I don’t know just my speculation), also the investors of bonds and stocks are looking seemingly for other options since they are in bearish period and over bought respectively, so I see them coming towards bitcoin as a safe haven. All this put together might see us reaching the $100k Mark before the end of 2025 first quarter.

_act_

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Quote from: Nwada001 on January 04, 2024, 09:36:17 AM

Quote from: _act_ on January 04, 2024, 08:36:43 AM

Quote from: apogio on January 04, 2024, 07:53:17 AM

Bitcoin's exchange price cannot be predicted.

If bitcoin ETF is approved or not, the price will certainly get to $100000 in either this year or next year.

Those are all still assumptions; we can never be too certain about when the bitcoin price will hit $100,000. Saying this year or next year means you are also not sure about when that will happen, which is just the same thing as what @apogio is saying.

If you want me to agree with what you are saying, let us bet $100 each and see what would happen. If bitcoin did not get to $100000, then you will have the money. But if bitcoin get to $100, in 2024/2025, then I will get the $100. I have analysed the market and my confidence is high about this. If you are ready, let me know so that we can put the coin worth of $100 on a 2 of 2 multisig or 2 of 3 multisig. Like I said, bitcoin will get to $100000 in 2024/2025.

apogio

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Quote from: _act_ on January 04, 2024, 08:36:43 AM

Which is the reason we are certain that bitcoin will get to all-time-high and also get to $100000. Bitcoin price is not like fiat that will devalue but its price will increase after a long time. Bitcoin price is not easy to predict in short term, but in long term, it is very predictable and not disappointing.

I am terrible at speculations, but in my opinion the $100k per Bitcoin is not far away. If bitcoin succeeds in becoming the largest value-storage asset, then we can expect it to be around 10 trillion dollars which will essentially mean that 1 BTC will be equal to approximately $470k. To me, this is a more realistic target for bitcoin. But of course, nothing is guarranteed. All I am saying is, the $100k point is significant, but it is not far away, in my opinion.

Nwada001

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Quote from: _act_ on January 04, 2024, 08:36:43 AM

Quote from: apogio on January 04, 2024, 07:53:17 AM

Bitcoin's exchange price cannot be predicted.

If bitcoin ETF is approved or not, the price will certainly get to $100000 in either this year or next year.

Those are all still assumptions; we can never be too certain about when the bitcoin price will hit $100,000. Saying this year or next year means you are also not sure about when that will happen, which is just the same thing as what @apogio is saying.

Over the years, we can only get a close prediction of what the price might be, but getting the actual price, which it will be at a particular time, is always hard to predict, and that's how bitcoin has been over the years. The price is always, to some point, predictable, and we just have to accept that.

The only thing is that the value will always be the same, as the figure is not reducing; just the exchange price going up and down makes it harder for its price to be determined.

YOSHIE

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Quote from: Ravichnadra on January 04, 2024, 07:40:32 AM

While it might seem implausible in the near term considering current market conditions, forecasting over a longer period, like 10 years, opens up possibilities for significant changes in the cryptocurrency landscape.

Maybe we will see various speculations that have been published by many Bitcoin experts currently on social media. For me, nothing is impossible for Bitcoin, In a matter of 24 hours Bitcoin can move to levels we never imagined, that often happens in the crypto market.

For that in a short time to reach $100k it is easy for Bitcoin what's more, we know that this year there will be a halving, all investors and users hope that something like that can happen, but whatever the reason, Bitcoin's movement is very sensitive, think positively $100k is an easy spike for Bitcoin, only time will tell.

sokani

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Op, this topic is better suited in the speculation board.

Bitcoin is a volatile asset and it's very hard to predict correctly what the price would be in the coming months or years. Having said that, the market is gradually getting bullish, with bitcoin halving around the corner coupled with the pending approval of bitcoin spot ETF, anything could happen and the price might hit $100k before the year comes to an end. The most important thing is to be accumulating before the market go completely bullish.

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Quote from: Ravichnadra on January 04, 2024, 07:40:32 AM

-snip
What do you guys think?

No one knows the specific price that can be reached; everything we see and read is just predictions based on analyses. Anything is possible, such as Bitcoin reaching 100K per BTC in the future or the opposite happening, and no one knows when it will happen. But for someone like me who is optimistic about the future of Bitcoin, blockchain technology, and crypto, we would prefer to see the price of Bitcoin rise because we hold it. However, I am not eagerly anticipating reaching 100K soon; perhaps we should wait until it surpasses the all-time high of 69K. Based on discussions and observations, many are hopeful that the value of Bitcoin will significantly increase once the ETF is approved.

_act_

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Quote from: apogio on January 04, 2024, 07:53:17 AM

Bitcoin's exchange price cannot be predicted.

If bitcoin ETF is approved or not, the price will certainly get to $100000 in either this year or next year.

Quote from: apogio on January 04, 2024, 07:53:17 AM

However bitcoin's value can be appreciated and will never change. Bitcoin is valuable for various reasons (PoW, limited supply, max supply cap etc).

Which is the reason we are certain that bitcoin will get to all-time-high and also get to $100000. Bitcoin price is not like fiat that will devalue but its price will increase after a long time. Bitcoin price is not easy to predict in short term, but in long term, it is very predictable and not disappointing.

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Quote from: Ravichnadra on January 04, 2024, 07:40:32 AM

Predicting the exact future price of cryptocurrencies like Bitcoin is incredibly challenging due to their volatility and the multitude of factors influencing their value.

When you already know the answer, what factors were responsible for creating such a topic? No one can come out with numbers, what I can say is that Bitcoin will exceed everyone's expectations.

Quote from: Ravichnadra on January 04, 2024, 07:40:32 AM

However, Bitcoin has shown significant growth over the years, and some analysts and enthusiasts believe it could potentially reach $100,000 or even higher in the future. Market trends, adoption by institutions, regulatory changes, technological advancements, and overall market sentiment can all play a role in its price movement.

Those analysts have never been able to predict the price of Bitcoin. These so called gurus of trading come right before Bitcoin halving to gain some media space and as soon as their prediction does not relate with the present they leave. If you do follow them then you will come in harm's way.

Quote from: Ravichnadra on January 04, 2024, 07:40:32 AM

While it might seem implausible in the near term considering current market conditions, forecasting over a longer period, like 10 years, opens up possibilities for significant changes in the cryptocurrency landscape.

Forecasting! As I have said is not possible with Bitcoin the reason being it is too volatile.

348Judah

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Quote from: Ravichnadra on January 04, 2024, 07:40:32 AM

However, Bitcoin has shown significant growth over the years, and some analysts and enthusiasts believe it could potentially reach $100,000 or even higher in the future. Market trends, adoption by institutions, regulatory changes, technological advancements, and overall market sentiment can all play a role in its price movement.

We are sure if two things to make the Bitcoin market price rise to the new all time high this year possibly, one is the halving which is around the corner, it will orchestrate by a bullrun and the second is the increase in adoption of Bitcoin as it value also increases, the higher the demands the more people got interested in it thereby rising in value, other minor push to Bitcoin market price is the approval of Bitcoin ETF being under waiting, we expected that a new all time high comes in place and this time, more than $100 thousand dollars worth base on previous performance.

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Quote from: Ravichnadra on January 04, 2024, 07:40:32 AM

What do you guys think?

The price of Bitcoin can be determined or affected by both political and economic factors which makes it unpredictable. Positive news can make the price appreciate while it can go contrary when the news is unfavourable. Currently, the price is closely determined by the approval or disapproval of the application of the Bitcoin ETF. The upcoming halving is also a determinant of the price of the coin. However, we have seen many people make predictions but I believe all these are based on certain indicators that are also dynamic. The best approach to investing in Bitcoin is to see it as a long-term investment and give less attention to fud.

apogio

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Bitcoin's exchange price cannot be predicted.

However bitcoin's value can be appreciated and will never change. Bitcoin is valuable for various reasons (PoW, limited supply, max supply cap etc).

As long as people begin to familiarize themselves with Bitcoin, the price will eventually go up, but it doesn't really matter. Bitcoin will always be the same as it is today. It will just attract more attention.

Ravichnadra

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Well Hello everyone ~

It's quite a topic to predict or post on the benefit of doubt.

Predicting the exact future price of cryptocurrencies like Bitcoin is incredibly challenging due to their volatility and the multitude of factors influencing their value. Making short-term predictions in the current market can indeed be quite uncertain.

However, Bitcoin has shown significant growth over the years, and some analysts and enthusiasts believe it could potentially reach $100,000 or even higher in the future. Market trends, adoption by institutions, regulatory changes, technological advancements, and overall market sentiment can all play a role in its price movement.

While it might seem implausible in the near term considering current market conditions, forecasting over a longer period, like 10 years, opens up possibilities for significant changes in the cryptocurrency landscape.

What do you guys think?

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