will the btc price reach 100k ? - page 9.

MFahad

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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.

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.

What do you guys think?

Nothing can be said with certainty about the future of cryptocurrency, but everyone is making their own guesses and of course only guesses can predict the future. Volatility is part of the market as far as external factors are concerned, these things have a huge impact on bitcoin and cryptocurrencies. Often when good market news begins to emerge, we get a sense of how up the market can go. Given the price of Bitcoin, it is not difficult to predict that Bitcoin may touch $100,000 this bull season.

Since the ETF case has started and various governments have a strong interest in Bitcoin and Cryptocurrency, it is not difficult to imagine that now various governments want to control Cryptocurrency, especially Bitcoin. This is because people are investing mostly in bitcoins and cryptocurrencies, which is confusing for different countries. Therefore, given the limited supply of Bitcoin, if large institutions and governments get involved, it can drive its price up a lot.

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Re: will the btc price reach 100k ?

Yes.
It's only a matter of when it will happen.

I've seen the 2017 bull run where it peaked at nearly $20,000. I also saw the bull run in 2021 where it peaked at near $70,000. I'm not saying that it will happen again in the next bull run, but there's a high chance since every bull run that's happening, a new ATH is being created. I also believe that the market is heavily driven by the sentiments of the investors, and many believe that it will reach 6 digits on the next bull run thus, many will buy in preparation for the bull run, and this will increase it's price.

Of course, I might be wrong though, but I'm just basing on the price history, and the price movement of Bitcoin through out the years. I believe that it will reach on the next bull run, but I'm ready if it will not.

I already set some selling target prices if incase it will not reach $100,000.

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There was a time when the thought of Bitcoin going to $10k seemed like a huge target, but now Bitcoin is trading at more than four times that target. So I think Bitcoin is not far away from reaching the $100k target, we may see Bitcoin trading at this price very soon. But predicting the future is difficult, no one can predict the time with certainty.

The demand for Bitcoin is constantly increasing all over the world and large institutional investors are entering the Bitcoin market which is very effective for Bitcoin to reach $100k. So patient investors might one day see Bitcoin trading at $100k, and they'll celebrate that moment.

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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.

Economic theory, high prices low demand. High prices, lots of offers. The law of supply and demand is always relevant when discussing market prices.
Bitcoin could reach $100k and could reach a price lower than the current price which cannot be predicted when it will happen.

Bitcoin's price growth over the years is on the rise and the chance that Bitcoin will trade at a higher price is reasonable, but determining when it will reach its highest price is difficult.
When the time comes, then we will be part of it.
Market traffic by paying attention to the law of supply and demand can provide speculation as to when it occurs.

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A year ago it was already said. I think they will just keep on hyping that kind of amount until Bitcoin reached it so that they can tell they predicted it right.
$100k is a high amount, that too obvious. And when that time comes will Bitcoin still be a currency? I doubt that. Gold is just $2042+ right now and yet it was an asset for a long time. I do understand that Bitcoin has limited amount but the question of why pops out. We want every satoshi to be as valuable as possible and I think that the reason why they keep injecting something on every satoshi like what the ordinals are doing. But do imagine how much the transaction fees will be if Bitcoin kept on rising? I am not against it but the balance must follow the increase in value. If we still want this to be a currency so that the demand will be intact then might as well lower the fees and increase the speed. That way it's like nothing changed.

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A person can be so lucky at predicting the price of Bitcoin. However, when predicting it he/she is not certain of the price but have made some statistical calculation that the price will go to an actual number. Although when predicting the market, one need to be cautious while taking any action. Like investment wise.

Paying attention to the market structure and investing what we can afford to lose. If not will affect us economically. In as much as Bitcoin is a good asset for investment there are certain risks involved and need attention to avoid losses.

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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.

That is just speculation, no assurance from happening. However, because of the growing sentiment of the market adoption, we are expecting that price soon. But the question is how long we have to wait for it or if we are still able to witness that time.

I hope I was wrong but we still wait for several halvings and Bullrun before the price of Bitcoin reaches $100k and that is equivalent to several years as well. I don't think that it was important but we are looking to see Bitcoin become a legal tender globally so people can say that it was not a failure. It ends based on its purpose and the reason for its creation.

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more than that, bitcoin can reach 200k or even 1 million dollars, but the question is when this happens, it cannot possibly be achieved in a matter of a few months, definitely in a few years. and in this process bitcoin may experience ups and downs which make many people lose money, maybe you or i will experience it. so if you dream of getting there, what you need is how persistent you are in holding your bitcoin and how you can invest consistently to be able to make a profit when the bitcoin price reaches that point.

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Quote from: criptoevangelista on January 04, 2024, 08:17:22 PM

There's a calculation I saw somewhere that is based on marketcap... for every 1 new dollar that enters the market, the price of bitcoin rises by 10 dollars or something like that.

So, the price depends a lot on the inflow of new capital, with ETFs everything will be easier, and I speculate that it will easily exceed this value of 100 thousand dollars

It's not wrong to think that it can be easy, but we also need to see how Bitcoin passes $50K first because it is still not there yet even though there is a lot of money coming into the market for the purpose of buying Bitcoin. Everyone can speculate with their own thoughts and research, but we also need to remember that increasing prices always takes time at any moment. So it makes sense that we need to look at the price levels before Bitcoin heads to $100K.

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Many of you mention how ETFs will drive Bitcoins price higher. Theoretically this is true, it will.

But, don't forget that their plan is to allow Bitcoin purchases only through CEXs and ETFs, which is totally unethical and against the nature of Bitcoin.

So, for me, even if Bitcoin reaches a price of 1 Million each, it won't matter a lot, if the only way to acquire it is by buying a share of an ETF, where I need to voluntarily do any KYC they require.

I am not saying it will definitely happen, but since they can't stop Bitcoin, this is a way to try to control it.

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

-snip-
What do you guys think?

Limiting your target to $100,000 is still very reasonable and feasible and I expect Bitcoin to reach the level with ease and even higher level than that in the next bull run. The level would probably be reached in January 2025, but Bitcoin might not strongly move past the level as many might expect. Bitcoin price is now heavy and it is a discouragement for it and those who believe that they can gain more from the market. This, and other considerations like the coin is not the only one in the cryptocurrency space might be contributory factors. People might want to distribute their investment on many coins/tokens which will not let Bitcoin appreciate as expected as though it is the only one. Many might think this is nonsense but that is what will happen, especially this time that the so-called Bitcoin enthusiast are now diversifying their portfolio with altcoin investments.

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10 years for $100,000? That's too long. I can bet that it will only take 1 to 2 years for Bitcoin's price to reach that, probably even a year only. But just in case there are unexpected things to happen, let's include next year, 2025, for us to wait for that price. And the rise of Bitcoin won't even end there. It will continue to rise despite bears and corrections along the way.

The reason? Imagine Bitcoin almost hitting $70,000 before the trillion-dollar companies start supporting it. They are now starting to express support. $100,000 is easy.

criptoevangelista

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There's a calculation I saw somewhere that is based on marketcap... for every 1 new dollar that enters the market, the price of bitcoin rises by 10 dollars or something like that.

So, the price depends a lot on the inflow of new capital, with ETFs everything will be easier, and I speculate that it will easily exceed this value of 100 thousand dollars

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We've got the first attempt on 2021's bull run and we'll be having the second attempt of trying to reach $100k of Bitcoin. IMHO, it doesn't matter how many times we'll try to attempt going in there but I think that there's a stronger force that we will be able to see it this upcoming bull run that shall come likely on 2025. But with all the situations that we're having, there is a tendency that it might come earlier than expected because this is what the market is all about and that is being unpredictable.

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Such exciting action this week I missed all the drama yesterday still recovering I guess. What we can say is not absolute price objectives or targets but we can already see the volatility is definitely picking as we progress.
So my immediate take in this day after BTC graph is we remain bullish and a test passed is always good in general across life including something as diverse and varied as BTC around the world. Imo we need the world to rotate and every market to agree every price move, it cant just be that BTC moves in a couple hours while the half of the world is asleep or really not trading in full strength.
We hit the 50 day average and recovered, we were more regularly touching the monthly average there since end of year basically and now BTC price action has done well enough that we are back above the weekly average. Because we drifted for so long all the averages became more compressed, so out of nowhere came a storm literally it could be linked to Japan earthquake possibly but the famous phrase is not incorrect.

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Quote from: famososMuertos on January 04, 2024, 03:31:23 PM

Anyone who doubts that price (100k+) has no idea about premise 'Trust'. Just look at January 2023, +16k, so, how far we are now. The issue with the "mythical" 100k is when it will happen.

Hence, in that speculative idea of "when?" There is no doubt that in 2025 bitcoin has 6 figures guaranteed.

That's what I thought too. At $16k in January 2023 to $42k in december 2023 is more than a 100% increase and Bitcoin attained this height without any significant event. This year we are expecting bitcoin halving to happen (a significant event on bitcoin calendar) and also bitcoin spot ETF listing. So going by the calculation, I'm expecting a 100% increase or more before the year ends. If bitcoin cannot achieve it this year, $100k is very feasible in 2025.

Dave1

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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?

Unfortunately, we don't have the crystal ball to see what will be the price, and I will say you that no one can exactly predict if we are going to hit $100k in the future or not.

All we can do is make a wild and educated guess, meaning we might used technical analysis and look at the previous historical logs and plot and make a graph or trajectory as where the price will move in the next year or so.

But it is not a exact math or science as well, as there could be some unforeseen circumstances that might deviate someone's prediction.

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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.

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

What do you guys think?

Bitcoin price cannot be predicted; we can only say we hope the price will reach some certain amount or think it will reach some certain amount, but nobody can confidently come out and say how the amount of bitcoin will be in a week, month, or even year. The bitcoin market is not controlled by anybody; the price is on its own, although something can affect the price. If bitcoin drops, maybe when a country's government goes against the price, the supply will not be much, which may affect the price of bitcoin.

However, even with the current price of bitcoin, investors who still have interest in investing in it are on it and continue investing. We are still predicting that the amount of bitcoin will surpass $100k one day, and that is why everybody is saying bitcoin is a long-term investment because we all know there will be favourable moments in the crypto space. However, if you observe well, you will know that since the existence of bitcoin, nobody has predicted the correct price of bitcoin. We only say what we think but are not sure if it will happen.

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Anyone who doubts that price (100k+) has no idea about premise 'Trust'. Just look at January 2023, +16k, so, how far we are now. The issue with the "mythical" 100k is when it will happen.

Hence, in that speculative idea of "when?" There is no doubt that in 2025 bitcoin has 6 figures guaranteed.

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