will the btc price reach 100k ? - page 6.

bitgolden

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Quote from: tygeade on January 12, 2024, 08:09:52 PM

Quote from: Yaunfitda on January 12, 2024, 08:03:33 AM

This market has been speculative for years though, even since in the beginning. So we already understand how everything works, it's volatility, FOMO and what parameters affect the price. The good thing is that many of us knows how to play around and take advantage of it.

And so right now, with the whole ETF approval as 100% already, this could fuel the price to go up and ramp up before the halving. And then with the halving, it will pushes the price, and we all know that it will be the catalyst as we have seen it based on our history. So I think we can see 6 digits as our baseline for a new all time high, and it might peak at around 2025.

There are some people who deal with TA and indicators, charts and all that but there are also a lot of people who do not deal with any of that, and those people know that they are just going to end up holding and waiting out all those periods and make a profit. I am one of those people, I do not care what happens, all the volatility, all the craziness that is going on, none of that matters to me and all I do is just keep on buying and keep on waiting.

I use this as my retirement pension, so if I am right and it goes up, then I will retire wealthy, but if I am wrong and I do not make that kind of money, then I am going to end up with a lot of trouble without a doubt. That means I will retire poor, and I do not know what happens when you are too old to work and have no money.

Those who deal with TA and the likes are traders, but what describes you is you are just an investor. Investors mostly care about FA but it can also be optional if you are a long-term hodler and then you are sure about the coins that you hold that they can last for a very long time. The only thing that I don't like is when you treat it like a retirement pension. Good cryptos are still unpredictable, so it's better if we have a money that is stable and we can use the moment we need it because our life is also unpredictable. You already said that you may end up with trouble. So why still continue taking a big risk? You still have time to change that mindset man.

EluguHcman

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If I must discuss about Bitcoin market value hitting $100K then I must be hoping it hits the $100K and that should be my predictive target but while I am aware that the consequences of predicting Bitcoin price with an individual target and it fails to fall upon by wills as thought is usually devastating, so I just quit because there is a bit quiz and arguements on this Bitcoins predictions and at the end of it to no avail to who hits on the right button.
I am not just concerned about the prediction although all I wishes is a the markets acceleration to profer me favours.

Minecache

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Quote from: rhomelmabini on January 13, 2024, 09:29:21 AM

Quote from: Ravichnadra on January 04, 2024, 06:40:32 AM

What do you guys think?

We hit almost $70k when no traditional market comes in the play and with the exposure right now with the Bitcoin spot ETF that should be entirely possible considering how scarce it is. It may be a bumpy ride before we get on that level but we will get to that level and I don't doubt that possibility.

Even if we don't have ETFs, traditional investors or large institutions investing in bitcoin, bitcoin hitting $100k won't be too difficult. All we need to do is just wait because no one knows exactly when bitcoin will touch the $100k but it will definitely get there without any doubt.
It could be said that the $100k target would be a memorable milestone for bitcoin but I think that target is too modest for the upcoming bull season as the recent ATH was $69k. I have faith that bitcoin can reach $200k in the upcoming bull season, it will not stop at $100k like many people are saying.

huu78

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I think the most unreasonable thing is when Bitcoin was trading below 1$, and now it has reached 40,000$.
I think people who already knew about bitcoin at that time and up to its current state don't really doubt that bitcoin will reach 100k$, some people even predict the price of bitcoin will be above 1 million$.
sounds like it's impossible until it actually happens.

dezoel

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The 100k mark is not something we should be looking out to, it is not really all that difficult, it will happen and I am not worried about it at all. I understand that some people might be, but I am not and I find that to be normal, there is nothing wrong with it. I think that is the most important part of the deal, there are way too many people who are afraid of the situation, and should consider that as the most difficult part.

I believe the best thing we could do right now would be making sure that people are aware of the deal we are getting into. If 100k is your "goal" then you are not even aware which market you are in, that's nearly double of where we are and in a bull season double is nothing, we could reach above 200k+ easily.

Dunamisx

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On several times many have been asking this same question on wether bitcoin will make it to hundred thousand dollars or not, there's a way we can answer them, they should go back to the memory lane and see the bitcoin performances over the years and how it has transcend from where it started from to where it is presently, that alone doesn't have to go by the way of how we speculate the market, we can easily derive or conclude on something serious from there about bitcoin next all time high.

jasonjm

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Quote from: irhact on January 13, 2024, 01:41:08 AM

Bitcoin ETF was just approved and this bring a new type of Investors into the market which will contribute to the growth of the price of Bitcoin. Many individuals were thinking the approvals of Bitcoin ETF was going to affect the price of Bitcoin instantly but as it didn't happen they're now selling their Bitcoin which is a wrong move. Many individuals bought Bitcoin just for the rumours of Bitcoin ETF being approve so as it has happened they're taking profits.

After they are done taking profits then the price of Bitcoin will start to recover and another pump will come as we get closer to Bitcoin halving. Bitcoin price can get to $100,000 as it almost did it in the last bull run. Many big money investors will buy Bitcoin through Bitcoin ETF and it'll influence the price of Bitcoin on the spot exchange and pump the price to $100,000. The approval of Bitcoin ETF just made Bitcoin reaching $100,000 more realistic.

Approval of BTC ETF did not significantly impact the price of Bitcoin as everyone was expecting/ predicting. A few thousand $ pump is nothing in the market when you look at the past trends. I think that major players were looking for exit liquidity, and this BTC ETF approval provided them with the opportunity, and they wholeheartedly accepted it. Just before the ETF approval, approximately $500M worth of BTC was transferred to exchanges.

There are chances that we will see another price correction before or around the halving event. The BTC price will touch $100k within a couple of years (predicted by looking at the past halving trends). If someone is looking to invest in Bitcoin, keep in mind that BTC is not for short-term investment.

FinePoine0

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The price of Bitcoin is constantly increasing, the green candles of Bitcoin were large in December. January also saw a slight improvement as the price of Bitcoin rose so much that it attracted more investors. So all the investors are suitable to invest in Bitcoin because of the halving of Bitcoin in 2024. During this halving the price of Bitcoin will definitely show a huge improvement as the blocks are decreasing. So those who haven't invested yet must invest because Bitcoin price will surely touch one hundred thousand dollars.

rhomelmabini

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Quote from: Ravichnadra on January 04, 2024, 06:40:32 AM

What do you guys think?

We hit almost $70k when no traditional market comes in the play and with the exposure right now with the Bitcoin spot ETF that should be entirely possible considering how scarce it is. It may be a bumpy ride before we get on that level but we will get to that level and I don't doubt that possibility.

rodskee

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It will and it is sure to happen mate.

There are so much to expect from Bitcoin not counting the Bitcoin Spot ETF approval
so the next best thing to come is the Bitcoin halving that surely will bring growth to the market.

100k? this is not far from the recent ATH that stands to 68k usd .

you did not ask for the specific time right? so indeed expect this to happen at least this year or
the following one.

STT

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It did affect the price, thats why we already rose so people missing this is often the case with big news. Quite alot of the positivity and gains in price action occur before as this is the nature of speculation.
I see BTC pull back to the 50 day average which makes it medium term positive trend with that positive moving average. It counts as a reset for sure and just means we didnt move much in the last month just overall idling back and forth. For the 100k question which is a longer term year out type scenario imo or more, this isnt altering that prospect and some might argue a fair reset improves the quality of the price action especially if we can rise again from here as we did start of the year on that sell.

irhact

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Quote from: Ravichnadra on January 04, 2024, 06:40:32 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.

Bitcoin ETF was just approved and this bring a new type of Investors into the market which will contribute to the growth of the price of Bitcoin. Many individuals were thinking the approvals of Bitcoin ETF was going to affect the price of Bitcoin instantly but as it didn't happen they're now selling their Bitcoin which is a wrong move. Many individuals bought Bitcoin just for the rumours of Bitcoin ETF being approve so as it has happened they're taking profits.

After they are done taking profits then the price of Bitcoin will start to recover and another pump will come as we get closer to Bitcoin halving. Bitcoin price can get to $100,000 as it almost did it in the last bull run. Many big money investors will buy Bitcoin through Bitcoin ETF and it'll influence the price of Bitcoin on the spot exchange and pump the price to $100,000. The approval of Bitcoin ETF just made Bitcoin reaching $100,000 more realistic.

armanda90

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Bitcoin price correction still become unusual habit although yesterday after announcing with good news ETF bitcoin approve but can't stop bitcoin price drastically down until $41,500 last night. I don't know who behind of bitcoin get more correction today and bitcoin still on slow recovery with current price still down around $42,700. Current bitcoin price make us have waiting more longer time for expecting bitcoin will reach $100k exactly for this year but its not close possibility for bitcoin with new all time high price.

Quote from: danadc on January 12, 2024, 05:55:47 PM

If they have more things to do and solve, they can do it whenever they want, but the price of bitcoin will not only reach $100k, it will reach much more than that, I estimate that the next ATH will be very good and will leave many who do not believe in speechless. bitcoin, after the halving the things to come will be better, they are already going very well with the ETF approvals, it is enough for everyone to believe.

I don't sure how positive impact with ETF approval last several days because bitcoin can't stable on higher price and looking price correction today make me little doubt with positive side from ETF approval. Left halving time is last our opportunity to see bitcoin get chance break around $100k or more higher price but keep ready when bitcoin get suddenly drop or crash in the next time.

tygeade

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Quote from: Yaunfitda on January 12, 2024, 08:03:33 AM

This market has been speculative for years though, even since in the beginning. So we already understand how everything works, it's volatility, FOMO and what parameters affect the price. The good thing is that many of us knows how to play around and take advantage of it.

And so right now, with the whole ETF approval as 100% already, this could fuel the price to go up and ramp up before the halving. And then with the halving, it will pushes the price, and we all know that it will be the catalyst as we have seen it based on our history. So I think we can see 6 digits as our baseline for a new all time high, and it might peak at around 2025.

There are some people who deal with TA and indicators, charts and all that but there are also a lot of people who do not deal with any of that, and those people know that they are just going to end up holding and waiting out all those periods and make a profit. I am one of those people, I do not care what happens, all the volatility, all the craziness that is going on, none of that matters to me and all I do is just keep on buying and keep on waiting.

I use this as my retirement pension, so if I am right and it goes up, then I will retire wealthy, but if I am wrong and I do not make that kind of money, then I am going to end up with a lot of trouble without a doubt. That means I will retire poor, and I do not know what happens when you are too old to work and have no money.

jubalix

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if you take into account inflation since the 68K top it already has in todays $ value.

Thats a sobering thought.

danadc

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There is no doubt, it is done! Of course, if it will reach it, things are very obvious in this case, just because the price is not at that price right now does not mean that in some time it can explode with a very high price of bitcoin, but you have to always be careful to Do not get carried away by all the FUD that they implement everywhere, if you read that the price of ebitcoin fell in price but that the ETFs that they approved should still go up worse, well no, those things are gestures that they use so that you can sell the bitcoin cheaper, that's an old school strategy.

If they have more things to do and solve, they can do it whenever they want, but the price of bitcoin will not only reach $100k, it will reach much more than that, I estimate that the next ATH will be very good and will leave many who do not believe in speechless. bitcoin, after the halving the things to come will be better, they are already going very well with the ETF approvals, it is enough for everyone to believe.

Yaunfitda

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Quote from: Ndabagi01 on January 12, 2024, 04:19:50 AM

Quote from: Ravichnadra on January 04, 2024, 06:40:32 AM

What do you guys think?

Many factors can influence the price of bitcoin, and reaching the $100,000 mark remains a speculative goal that no one can be sure of. The movement of bitcoin cannot predict whether it will reach the $100,000 mark this year, but it is highly possible that it will happen in the next ten years to reach that level due to how bitcoin has evolved since its inception. I'm not saying it won't happen this year, but the current movement doesn't bode well for it; it could happen even next year if the market performs well until the end of the year. All of this is speculative until otherwise proven, so we can't rely on them for the time being.

This market has been speculative for years though, even since in the beginning. So we already understand how everything works, it's volatility, FOMO and what parameters affect the price. The good thing is that many of us knows how to play around and take advantage of it.

And so right now, with the whole ETF approval as 100% already, this could fuel the price to go up and ramp up before the halving. And then with the halving, it will pushes the price, and we all know that it will be the catalyst as we have seen it based on our history. So I think we can see 6 digits as our baseline for a new all time high, and it might peak at around 2025.

DanWalker

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Quote from: Kemarit on January 10, 2024, 08:45:15 PM

Quote from: DanWalker on January 10, 2024, 04:56:27 AM

Quote from: xeqoRameshAxueamExaqana on January 09, 2024, 04:40:35 PM

it is still very difficult for the price of bitcoin to touch the price of 100k dollars. even though this year entered the year of halving. if the price is getting higher, people will rarely use it for transactions because sending fees will also be more expensive. the dilemma of the crypto currency world is like this, the higher the price, the more people use it but the more it decreases because the sending fee is getting more expensive.

If you have experienced 1 or 2 bull seasons before, you will know that the bull season does not come immediately when the halving takes place, but it only comes after a period of time after the halving (usually 1 year after the halving). Then you wouldn't rush to expect bitcoin to hit $100K or reach a new ATH this year.

It might take weeks or months before the actual bull run is going to happen after the halving. But still we will have that feel that something is going to happen this year after the halving, we might break our last all time high of $69,000 this year but it doesn't mean that the bull run will stop. It might continue up to 2025 wherein as majority is expecting, a $100,000 is waiting for us.

If we rely on history, we can see that the most recent halving took place in 2020 and it will not be until 2021 that we truly enter the bull season. We don't really know exactly when the bull season will arrive, but based on history, it's clear that the bull season won't come immediately after the halving. Therefore, we should not be impatient and disappointed if the bulls do not arrive as we expected. I am optimistic about the market this year but for bitcoin to make a new ATH, I think 2025 would be more suitable, IMO.

Briankimp1

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I think it’s only a matter of time for Bitcoin to get to the $100k Mark since it’s inception has gone to prove its critics wrong and that it’s here to stay the longer it does the greater it becomes we are still recovering from the effects of the covid season which also helped many people understand and see the importance of Bitcoin.
On 22nd of December last year my country lifted it’s ban on crypto citing that the global trends and guidelines from the Nigerian SEC as reasons for lifting its previous restrictions, as well as its introduction of more regulatory clarity and guidelines for digital assets and activities of VASPs.
This only shows that with more understanding and exposure more African countries will also emulate such feet’s Nigeria having Africa’s largest economy which currently only has 35% of it’s citizens as crypto investors this will only increase with time driving the price of Bitcoin higher the future is only bright for Bitcoin am sure In no time we will be discussing about Bitcoin hitting $200k

Ndabagi01

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Quote from: Ravichnadra on January 04, 2024, 06:40:32 AM

What do you guys think?

Many factors can influence the price of bitcoin, and reaching the $100,000 mark remains a speculative goal that no one can be sure of. The movement of bitcoin cannot predict whether it will reach the $100,000 mark this year, but it is highly possible that it will happen in the next ten years to reach that level due to how bitcoin has evolved since its inception. I'm not saying it won't happen this year, but the current movement doesn't bode well for it; it could happen even next year if the market performs well until the end of the year. All of this is speculative until otherwise proven, so we can't rely on them for the time being.

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