Bitcoin Forum

Jimmy Song a bitcoin maximalist and developer has warned investors who still not holding bitcoin in his twitter posts.

He believed that that bitcoin market price is soon going to hit 100k$ valuation,and this would be sorrowful for someone that doesn't believed that bitcoin is worth buying.

https://i.postimg.cc/Fsjp68cg/Annotation-2020-03-11-195216.png
https://twitter.com/jimmysong/status/1237371905147101184

What is this sure bitcoin will soon reach $ 100,000 means it needs to go up 10x more than the current price while the fast increase will never happen but it takes a long time too, but I have been holding bitcoin for a long time but didn't think to reach that number.

I do not know whether the predictions of these experts will always be correct or not clear with the increase in the number takes a long time.

People have said this before ....

Bitcoin don't give a shit about what you think is not possible

Theres no such thing about experts when it comes to speculating of prices.Even an average joe would able to give out their own price predictions according to their observation.
This had always been our job ever since this market starts where we do keep on speculating on what would be its price on future.I would rather believe if these so called professionals or
popular persons would talk about reaching previous ATH but talking about 100k? This isnt really even realistic.

Even the professionals or analyst cannot predict the accurate movement of the market price of bitcoin in the market could be that their were just so many factors that is affecting the price of bitcoin in the market.
But still their speculation or prediction since they are popular people in the community that is supporting the bitcoin, I think it could be a huge impact and could affect the price of bitcoin in the future.

Still as the technology rise as years passing I think the bitcoin or cryptocurrency could be a big use for everyone all over the world and I could imagine that someday bitcoin will be a top currency.

I'm also a bitcoin enthusiast and I do believe with high prices but I have my but's and if's.

We don't know when but with the block halving, this will be the other factor that will help to push the prices up. But the effect that it will create, we don't have an idea when it will take place. Remember that bitcoin is always an speculative asset so expect that more of these speculations will come to encourage people that still don't hold it.

And also, many didn't believed that bitcoin will reach the heights of $10k-$20k or even the current price of $7k now during the early days.

Jimmy is using word "when", and it is very indefinite time, because it can happen in 1 year, but also in 10 years. There's nothing spectacular about his tweet, he's just another one in a row who uses his popularity to get some free promotion. People like him earn from going around and talking about Bitcoin&blockchain, and such predictions only make them more desirable to the audience.

I think in the first place you need to listen to your common sense, then you need to invest only the money you can afford to lose - no matter what anyone said about something.

These fear and procrastination is the difference between the rich and poor , until a particular poor person takes the challenge of risk to do the dreadful then the story will change.
Bitcoin is a big investment, it can only take some time for your hodling to grow. Buying now is a good decision.

Where specifically in the tweet did Jimmy Song said that it will hit $100k soon? He really didn't specify a date. Also, I'm pretty sure a lot of us here thinks that bitcoin could reach $100k. It's just a matter of when. It theoretically could mean multiple decades from now.

When BTC reached certain price points like 1,000$, 5,000$, 10,000$, and to it's all time high which is 19,000$ a lot of people are already saying that they have wasted a lot of opportunities to be rich. Yet even if these price points presented themselves they are either still not attracted to it or late to the action, the worst part is after they enter as a newbie they automatically will experience losses since they aren't prepared for the market. I know people like Jimmy Song with extreme positivity towards Bitcoin you will see opinions like this in the internet and I wouldn't consider it as a recommendation to buy more, remember that hype is something that made newbies lost their money so I wouldn't base my decisions to what he is saying especially if his tweet is to vague to pinpoint when Bitcoin will actually hit that number.

This kind of statement is bad for bitcoin.
Any potential investor will find out bitcoin dont have a new ATH for 26 months.
So they will look at this kind of statement, which predicts a price more than 10x the current one, and will understand that bitcoin is not a serious investment. Instead, they will look at it as a cult of lunatics.

Is this the image you want for bitcoin?
These kind of "predictions" must stop. They will not convince people to buy in. Given the circunstances, it will have the opposite effect.
Also calling potential investors dumb "nocoiners" will not help to convince them to buy. Its time we get rid of this division, because right now there is a artificial "pandemic" being orchestrated by TPTB, and people will need some hedge against the caprices of governments.

It's really a bad idea to take investment advises from twitter, the format of this platform doesn't promote deep discussion or detailed posts. And it's also not a good idea to take advises from perma-bulls, they rarely explain why they make their predictions or where do they get the exact numbers, it's really just a guess. You can lose money even if Bitcoin grows if you make poor decisions like investing during a peak (because permabulls told it would grow more) and then panicking during a dip.

Another prediction without any analysis or other kind of proof. Why do people even listen(read) to that kind of jokers? They are like weather forecasters, it is like probability that tomorrow will rain is 50/50.
First lets try to reach ATH, and only then do predictions.

Predictions are always associated with crypto like Bitcoin.
If you look deeper, many prominent and well-known experts predict Bitcoin this year, it's all opinions if I judge it, it's OK.

I want to repeat the history of 2017, at the end of the year, from November to January 2018, the price of bitcoin soared to the level of $ 20,000, no one expected it, when Bitcoin went up, the new prediction appeared, after bitcoin went up, not before.

I'm very sure, the price of Bitcoin will go up to the level it should be, but if you predict too much, the opposite will happen.

I think Bitcoin will experience the highest price where people forget about predictions and don't discuss it anymore, in that year the price of Bitcoin soared to a high.

To be fair, I prefer this sort of "prediction" compared to most. Most predictions are like "$100,000 in 2021" or something like that; pretty much with an indicated time span. Whereas this one, he's pretty much just saying that it's going to reach $100,000 someday, which is a fairer forecast as it could literally mean that it will reach $100k in 1-99⁹⁹⁹⁹⁹ days.

I quite like the optimistic attitude. however, I have also seen people who predict the price of bitcoin can reach $ 2000 when the price is below $ 1000. Well, although it's possible, we don't know when the price of bitcoin will reach the target. other than that, I think that the price of $ 100k is still very far for now. even more so at this time, the price of bitcoin is still declining. I'm not even really sure that the price of bitcoin can touch the price of $ 20k at the end of this year. but, I appreciate his optimism, because I also hope the price can reach $ 100k.

When an anonymous guy posted about predicting the future bitcoin prices right back in 2011 (https://bitcointalk.org/index.php?topic=12156.0), some really felt it was an achievable target by considering the technology behind bitcoin and some really believed it might reach $1000+ in a futuristic era. After a 6 year of trading period, the price was double the predicted price. All these are literally based on the popularity and demand of bitcoin which was an achievable target.

Similarly $100k would be possibly achievable but they might take years or decades to reach the point. The trading, usability in real world, scalability all paves way for the transactions to speed up and to be an equal competitor to a system like Visa which process over 1500-1700 transactions per second. But when bitcoin reaches the limit, hodlers are the people who would rejoice and common people who still believe on alts and central bank currencies lose the opportunity.

Hal Finney predicted a price when he first got to know about bitcoin through Satoshi. At that point, bitcoin would replace global currencies and will be called up as a new sort of asset class and currency which would be used for global transactions. All we need is use cases for these predictions to become real at some point of time. What would be the use for people buying a piece of code if they weren't helpful at any point of time to them?

It may or may not happen. But if it happens, it will surely be years from now. It will not happen overnight. If it does not happen, that does not mean that the price of Bitcoin will not rise. If 100,000 USD will prove to be too much of a goal, the fact still remains that it will not be impossible to reach even half of that goal. Either way, Bitcoin is still something everybody should be HODLing. If it fails $100,000, it will surely not fail $50,000.

If nothing else, they are creating something to talk about crypto. Though we don't like a lot of self-proclaimed crypto experts out there, somehow, they will create buzz in the online world. And who knows, some newbies will try to check on bitcoin or crypto owed to them. So long they are not harming anyone, they are free to do what they want in crypto. In some ways, we need those people to push crypto adoption.

I wonder when is that soon cause as far as I can see it. The current btc market is at 6.2k level as of this moment, and probably will go beyond this. During lunch time in my country it was still at 7.5k but now the price keeps falling.

Checked even his precious stock are all going to nowhere. We are now in global crisis due to the pandemic virus and even technical analysis has now been ineffective with people panicking around the globe.

We will see many more predictions from the analyst because they already draw their line and try to spread it in public. But the truth is we still at a lower price, and even we still below $10k. We don't know when the situations will be changed, but many people believe that it will end soon. We are going to see the halving time soon, and that can make the price increase back, and hopefully, the price can break more than $20k, so we can make a profit again. But still, we don't know when the price will change, and we can only wait for a while.

https://coinmarketcap.com/currencies/bitcoin/markets/

Look at the market falling deeper today I think no one can predict correctly even though it's experts I think it will continue to fall again to the lowest price and this cannot be denied because conditions like this are difficult to return to $ 10k.

Recovery will definitely happen soon but the process is again to reach above $ 10k.

I don't need to tell everyone in Twitter just to justify all of it.
It may or it may not happen.
All you got to do is HODL.
Don't make them make a fool of you just because you want them to envy you in the future.
It may not be their fault for being innocent with crypto currencies.
I would still rather teach them about it than looking like an arrogant one who owns bitcoin.

There is no doubt that the bitcoin could reach the market price of 100,000$ in the future that sometimes we just never know what's going to happen in the coming years so investing in this kind of market or in cryptocurrency like bitcoin is surely going to be a big risk to every investor so we can't really blame them if they are afraid to invest their money in bitcoin since it could cost them a big amount of money it was also a big gamble to every investor.

We just never know maybe the Covid 19 virus is going to kill everyone, or war could just show up wiping all the human beings. We could just see something unexpected could happen just like today the market price of bitcoin goes dump in just a small amount of time from 9000$ to 6000$.

https://i.imgur.com/5nQ70Af.png

 But basically, if you are just going to think about it bitcoin could easily reach this market price when technology rise.

A lot more than that now, unfortunately.

This isn't a true prediction IMO, just some smoke being blown up the asses of those who might have lost hope in bitcoin because of the recent crash.  I'm tempted to call it a dip, but it's been way more than a dip.  It's not uncommon for some folks to start spouting bullish sentiments when the market is turning bearish, and that's exactly what's happening here.  Don't know who Jimmy Song is (and don't really care much), but I do hope bitcoin eventually gets to $100k. 

Right now I'd be ecstatic if it could just maintain a valuation above $10k for longer than a month.

Jimmy Song didn't had a "100k prediction" he just said "when bitcoin reaches 100k, that doesn't have any time table on it, it could be in 5 years and he would still be right. Dude is simply saying that bitcoin "ONE DAY" will be 100k and you will regret for not getting it.

I personally regret that I sold my coins instead of keeping them, so my problem is different than not just buying but actually being smart enough to buy bitcoin thinking it will go up but then sell it when it "peaked" at 1000 dollars and sold it for some reason like the idiot I am. Bitcoin will go up, but I doubt it will ever go up like it used to, from 700 dollars to 20k in one year, we will never see anything go up that much ever again, that was probably the only time we could have been rich very easily in our life time.

If you sold your coins now you have perfect chance to buy some. It seems price of Bitcoin will not go that high this year, so you have plenty of chances for cheap Bitcoin left.  But basically if you are smart you should be just buying whenever you can. Spend $100 a month or whatever you can afford. After few years you will be set nice.

but selling now does not also guarantee you that you can earn a nice income so why sell ? ill better keep mine and wait for a better price but if i have a money i would be buying instead because all coins are cheap .  its no pressure to buy them  .

spending 100 usd these days for buying a coin can already go alot but not sure on the next month or two  but i have a sense that the value would be much better sooner or later  . this honey moon period for investors/traders would not last long so better we not miss the oppurtunity

Jimmy Song is a known permabull, and people - especially those who are new to trading, should be careful when they take advice from permabulls or permabears. You can easily get rekt or miss out on a good trade if you listen to people who tell you exactly the same thing no matter what's happening on the market. Some people bought at $20k because they listened to the promises of $200,000 or $1mil per coin.

LOL, what do you expect from Jimmy Song? he has been a bitcoin maximalist and even releases book about Programming Bitcoin. So he is a typical perma-bull, after-all.

I even saw one of his tweets like comparing bitcoin blocks to calendar, really hilarious. As for the six digit prediction, of course we doesn't want to see the price of Bitcoin grow that big? However, it might takes years to achieved that, it's not that it's not reachable, but it seems that Jimmy see it happening in like 2-3 years, it might take longer than that.

I am curious, what he is speculating at this time. a few weeks ago, the price of bitcoin looked like it could reach hundreds of thousands of dollars, in fact, many people thought that bitcoin could reach its new ATH. but, at the moment it seems like many are securing their assets on stable coins or fiat because of the large decrease. Well, no one knows when the price of bitcoin will rise and fall, but now it seems that $ 100k in the near future is very difficult to accept.

Basically, people who predict bitcoin for $ 100k are too big a dream in the near future because of the fact that some have to pass through obstacles first when bitcoin happens so profoundly, I think for half the ATH alone it will be difficult at times like this because they know the global economy is shaking so that it is more secure for assets compared to holding crypto for a long time.

This price seems to be manipulated, at some point 'cause I kinda think that they are following the huge issue right now for us to get the fear as well on what the current market has. Though we are at the bottom rock right now once the virus been finished we would be able to see a huge comeback from the market. Hence, we would see more claims like this, and halving hype will increase it more, in my opinion. Anyway, $100,000 is kinda big yet achievable it will be a long long way for the market to hit it, and may be this incoming halving won't be enough for it.

We have once again reached even lower today. I do not understand this "emotional trading" thing that people are doing but that looks like the case here. I mean people literally managed to sell and drop the price of bitcoin all because they are simply afraid of what is about to happen and they have also seen that stock markets dropped even after the FED news so they basically said lets do the same for bitcoin as well.

Bitcoin was actually higher yesterday when FEDs said it and the markets reacted well too, for some reason bankers decided not to take up FED on their offer to fix the economy and just wanted to save themselves as much as they can without going further deep in I suppose. That shouldn't really affect crypto but it does, hopefully it won't take too long.

I also believe Bitcoin will go 100k. But it’s needed to go at this price. Now we are moving to lower prices again. Human patience is low they wants the price to rise immediately. In fact, this is not possible in reality the market moves at its own pace. I think this is another opportunity for us to accumulate some more bitcoin.

I would definitely believe on people who call that bitcoin is going to be bullish to hit that price in situations when the market is down.
Bitcoin is gonna bounce back soon, it will start to grow because after the panic selling, people will also do the opposite which is panic buying due to FOMO.

they are very speculative, I think that's normal to investors like us but only few people sees the real value of bitcoin and they are the people who sees the opportunity to accumulate at dip and still believe on its future potential.