will the btc price reach 100k ? - page 7.

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Quote from: DanWalker on January 10, 2024, 05:56:27 AM

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.

Regarding the issue of transaction fees becoming expensive, it only happens with bitcoin and some other coins and not the entire cryptocurrency market. Many altcoins like solana or bnb still have quite cheap transaction fees. In addition, we have a solution to the high fee problem of bitcoin such as using the Lightning Network, or layer 2 for ETH.

That is exactly true, it is not that simple and we should assume that it is not going to be that easy neither. I get that it may feel like it is not going to end up being all that confusing to handle, and I get that we are going to end up waiting for it, but there will be plenty of people still trying to make some money during the halving as well, and they will be upset when the price doesn't go up right after halving.

That always shocks me, it's known information that it is not going to go up after the halving itself right away, you can't just wait for the halving and a minute later it's double, that is not how it works and yet some people will expect that unfortunately and that is the sad part. It will go up a bit afterwards.

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Many are hoping that Bitcoin will actually reach a price value of $100,000 each this year, and it can happen in the middle or third quarter of this year. And when it does, it's a pretty quick drop, for sure this time.

I have witnessed the price value of Bitcoin gradually rise every month, and this is probably the same process. For sure, it will happen this year, so my fellow Bitcoin or crypto enthusiasts in this field of the crypto industry should just hold on.

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Quote from: Fakhrulenclix on January 11, 2024, 08:06:07 AM

If we talk about whether it is possible or not, we should be able to look at what happened in the past. I have been following Bitcoin price developments for several years so I am starting to believe that no matter how bad it gets, the Bitcoin price is always able to recover and exceed its highest price.
For the price of 100k I think it is too close to Bitcoin's ATH a few years ago so of course it is very possible that we could see a price of 100k, but in time it is not certain when that will happen, sooner or later I really believe we will all see that price.

Such a high price is the price that most people hope to overcome in a short time because currently the price of Bitcoin is only close to $48K, which means that even $50K has not yet been exceeded. So for such a high price it still takes quite a lot of time for Bitcoin and also for everyone who wants to see it. Because a price of that size is a level that has never been seen in Bitcoin, so this will be an extraordinary history in Bitcoin if it can reach this year or after this year.

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Quote from: armanda90 on January 04, 2024, 03:37:33 PM

Actually for bitcoin price reach to $100k possibilities YES or NOT, current bitcoin price around $43k need more than 120% moving up to raise $100k and its not easily because gap with current price very far away. Many people said nothing impossible with cryptocurrency but realistic bitcoin can't raise up more than 100% in short time and need progress year by year before raising to $100k. I doubt with bitcoin will raise to $100k in short time but not pessimistic with bitcoin price will make new all time high price in the future but take about three or five years later.

Not problem for any one have dreaming bitcoin will bounce to $100k one day later but you must save free money for bitcoin investment and have enough patience waiting more longer time.

OP, did not say the time frame under discussion. Bitcoin will definitely hit $100k this year or next year if everything plays out as it ought to be . Things playing out I meant are the halving bull run and also the ETF bitcoin. If the bull run is set, 120% in few months is not difficult. The market has always been in the green trend. As I write, Bitcoin is above $47k which means a little shift will take us to $50k. If we can actually touch $50k before the main bull run, it simply means that attaining a new ATH will not be difficult and $100k from $70k will not be a difficult task to achieve.

In a nutshell, $100k is very much possible this year or at most by next year if everything works good.

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Quote from: wmaurik on January 11, 2024, 05:52:12 AM

Quote from: xeqoRameshAxueamExaqana on January 09, 2024, 05:40:35 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.

Difficult does not mean impossible to occur mate, because every thing that will happen in a balanced way even though some people may not realize that. We will not know how many people will continue to make transactions with Bitcoin when their conditions are in the improvement, as well as when the condition is declining because transactions in Bitcoin will continue to occur within any condition as long as Bitcoin can still be traded and invested by many people. So the price as high as that is not an impossible thing to happen as long as there is time for everyone in being patient to see that becomes real.

If we talk about whether it is possible or not, we should be able to look at what happened in the past. I have been following Bitcoin price developments for several years so I am starting to believe that no matter how bad it gets, the Bitcoin price is always able to recover and exceed its highest price.
For the price of 100k I think it is too close to Bitcoin's ATH a few years ago so of course it is very possible that we could see a price of 100k, but in time it is not certain when that will happen, sooner or later I really believe we will all see that price.

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Quote from: xeqoRameshAxueamExaqana on January 09, 2024, 05:40:35 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.

It's difficult but that doesn't mean it can't be done. I'm sure sooner or later the price of bitcoin will touch $100k. It's just a matter of time and nothing to worry about. People will continue to use bitcoin and if they are not using it for transactions, they will use bitcoin as an investment. As for transaction fees, people can still accept them and if they don't want to use bitcoin, they will keep their bitcoin for a while. However, transaction costs are a problem for small bitcoin investors like us. But as long as our profits are bigger than the transaction costs, it isn't a problem for those who want to send their bitcoins.

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Quote from: xeqoRameshAxueamExaqana on January 09, 2024, 05:40:35 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.

Difficult does not mean impossible to occur mate, because every thing that will happen in a balanced way even though some people may not realize that. We will not know how many people will continue to make transactions with Bitcoin when their conditions are in the improvement, as well as when the condition is declining because transactions in Bitcoin will continue to occur within any condition as long as Bitcoin can still be traded and invested by many people. So the price as high as that is not an impossible thing to happen as long as there is time for everyone in being patient to see that becomes real.

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Quote from: DanWalker on January 10, 2024, 05:56:27 AM

Quote from: xeqoRameshAxueamExaqana on January 09, 2024, 05:40:35 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.

Quote from: DanWalker on January 10, 2024, 05:56:27 AM

Regarding the issue of transaction fees becoming expensive, it only happens with bitcoin and some other coins and not the entire cryptocurrency market. Many altcoins like solana or bnb still have quite cheap transaction fees. In addition, we have a solution to the high fee problem of bitcoin such as using the Lightning Network, or layer 2 for ETH.

As far as Bitcoin goes, we all know that is the reason, it's that the ordinals are spamming the network. Because prior to the exploit, we are transacting like in the lower 1 sat/vB and everything went well. But when a developer has found a exploit on the Bitcoin code and then created this ordinals to clogged the network, that's where the problem started and I don't think that they are going to stop.

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Much as we are tempted to write what we think bitcoin can be in term of price in the future, it may be a very hard thing to do, most especially when it involved uncertainty of what the future will be and what type of news or conditions that bitcoin will be up against, and also knowing the fact that bitcoin is a volatile assets, and no one can rightly predict it price for for that, any predictions that we do is based on just individuals assumptions and nothing more, and based on that, I will be right to say that bitcoin can indeed achieve 100k.

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Quote from: Richbased on January 10, 2024, 04:39:41 AM

You have a point here because definitely if the price of Bitcoin touch $100,000 then the transaction fees is also gonna go high so definitely it will be difficult to perform transactions but however, Bitcoin reaching $100,000 will really be a dream come through for bitcoin investors that have bought and hodl Bitcoin for a long time now but regardless of transactions fees going high, i think Bitcoin reaching $100,000 will also be another milestone achievement for bitcoin investors as against the previous ATH of about $69,000 in 2021.

I don't think that even if the price of Bitcoin crosses $100,000, the transaction fees will increase so much that people will find it difficult to transact. Even when the price of Bitcoin reached $69,000, no one found it difficult to transact. People who will get a good profit after investing in Bitcoin, then such people will not have any difficulty in doing Bitcoin transactions even if the transaction fees increase.

Since the issue of approval of ETF has come up, if it is approved, the figure of $100,000 can be fulfilled very soon. Of course, not everyone can afford to buy and hold Bitcoin for such a long period of time, but there are those who have made great profits buying and selling Bitcoin over and over again. Wherever one invests and gets a big profit, it is certainly a source of happiness for everyone.

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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. Making short-term predictions in the current market can indeed be quite uncertain.

It is true that the price of bitcoin is practically impossible to predict. Especially at short distances, but traders believe that this is not the case.

I don’t even know, in general, whether it is possible to accurately predict the movements of bitcoin.

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.

Some analysts believe that bitcoin will reach $100k after the next halving. But again, you can say anything you want. Whether you are an expert or an ordinary user. Not all of their predictions come true.

The fact remains that bitcoin is becoming more expensive from year to year (if we neglect the reduction in price over short distances).

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.

Well, if you see an opportunity in this, then take advantage of it. Whoever saw these opportunities earlier has already made a good fortune for himself. And for posterity.

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Quote from: xeqoRameshAxueamExaqana on January 09, 2024, 05:40:35 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.

These are temporary problems with transactions, the mempool is now overloaded but this is temporary. And the commissions are not that big in reality. Do you remember what crazy commissions were on the Ethereum network? Hundreds of dollars per transaction, that’s what was really the problem.
if you look here: https://ycharts.com/indicators/bitcoin_average_transaction_fee The graph clearly shows that there is a decline, everything will soon return to normal.

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Quote from: xeqoRameshAxueamExaqana on January 09, 2024, 05:40:35 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.

Regarding the issue of transaction fees becoming expensive, it only happens with bitcoin and some other coins and not the entire cryptocurrency market. Many altcoins like solana or bnb still have quite cheap transaction fees. In addition, we have a solution to the high fee problem of bitcoin such as using the Lightning Network, or layer 2 for ETH.

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Quote from: xeqoRameshAxueamExaqana on January 09, 2024, 05:40:35 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.

You have a point here because definitely if the price of Bitcoin touch $100,000 then the transaction fees is also gonna go high so definitely it will be difficult to perform transactions but however, Bitcoin reaching $100,000 will really be a dream come through for bitcoin investors that have bought and hodl Bitcoin for a long time now but regardless of transactions fees going high, i think Bitcoin reaching $100,000 will also be another milestone achievement for bitcoin investors as against the previous ATH of about $69,000 in 2021.

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Quote from: xeqoRameshAxueamExaqana on January 09, 2024, 05:40:35 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.

I do not have doubts about the high price of Bitcoin anymore after halving, it can be fast or slow, but anything can happen. Bitcoin may hit $100,000 even this year if the latter part of the year is extremely bullish and the bullish impact we would see this time is like never before. Imagine Bitcoin replicating what happened in the last time of last year and the beginning of the year, it could massively buy and hit twice of market price due to the strong effect of FOMO since those who are still afraid of buying would buy after halving and wouldn't want to miss out on the free world cake. As it is, the market is still playing around some tight bound but when the serious bullish trend starts, it will set the whole world wondering and the entire trend of Bitcoin will be extremely bullish. By that time, there will only be little sell effects but a massive buy, and in such a market condition, you can't undermine any market as this is even the tradition of Bitcoin. It may even move past $30,000 in addition in just a month.

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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.

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Quote from: Nrcewker on January 06, 2024, 09:32:50 AM

Anything and everything is possible mate. No one expected Bitcoins to touch 1k usd during 2010-11. But it has not astonished everyone by touching 69k usd in few years. So yes the price is really not very predictable. You need to show trust on the coin and keep on investing it for long term. You need to make your basics clear that Bitcoins are limited in number and the demand to accumulating it is increasing day by day among the people. Hence in order to maintain the demand the price will go up. So invest accordingly.

That the essence of Bitcoin volatilities and reason why no one can predict the price of Bitcoin, and what price it will be in the future and $100k Bitcoin price is very achievable and no one of us can tell when exactly that time will be, but then also if we take a close look at Bitcoin previous market performance and it recorded all time high price you will be sure that the next Bitcoin all time high may stop at that price prediction, arriving at $100,000 benchmark is very much achievable at some point when the all time high price will happens.

Any ways also we may have to look at timing and when the next all time high price will be and what price it will actually stop, some speculators are already eyeing 150k but I thing that is 2x of the previous all-time high price which is a little bits high for me, but 100k is sure to be reached.

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100k as a peak seems obtainable especially right now. Maybe the most accurate view will come after a pullback and its not completely one sided, surely we dont get to 100k with no set backs or sell offs. Invariably people will take profits before 100k I think, I dont see it getting this far easily due to the large amount of funds involved vs alternative asset investment elsewhere.
Right now I'm looking at monthly bars thinking a pullback is more of a likelihood before this grander objective, so I do expect a better more realistic judgement post pullback.

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Quote from: kotajikikox on January 08, 2024, 04:30:50 AM

Quote from: gunhell16 on January 06, 2024, 02:47:41 PM

In times like this, there are many expectations for the SEC's approval of the Bitcoin spot. But of course this is still speculation; it just appears that the majority will happen, but the future is still unpredictable because no one knows what will happen in the future.

ETF has been the way of people to manipulate the market as pushing its approval will result to high increase in price but look how many times this has been denied?
I don't think SEC will just approve this like that because if they do it has been proven years back.

I do agree that ETF has a lot of rumour mills churning at all times, and that's a weird feeling because back in the day people invested into bitcoin because of bitcoin, not because of bitcoin ETF possibility and I think there are still way too many people who do it because of that as well.

However, it is also clear that we are talking about a situation that is going to be quite risky as well, it is not going to be all that easy to get that ETF accepted, so we should be careful about what we are doing, it is not that simple. Hopefully, we will get to a level where people could realize that ETF is not a must and we could get better as long as we give it enough time, and not really end up with anything that would be all that troublesome.

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

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?

you are calling for 10 years right? or yeah Future ? so indeed it is not that impossible for bitcoin to reach 100k but if you think this will happen sooner then maybe it is not coming your way.
changes varies if there is something happened really impossible but for now as we can see what happens? bitcoin will continue making its price to the top , now at 47k? who knows in the coming months .

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