Bitcoin Forum

I think this will be the top. Whats your speculation?

EDIT: Alright some of y'all have been asking me why i think this will be the top.

With this corona nonsense (Which i think will continue for the foreseeable future)  , we are seeing small businesses go bankrupt and homeowners soon to be facing the call of foreclosures in the upcoming year because of the drop in growth with GDP while large corporations are reaping the benefits of this. As they are all controlled cronies working with some three lettered you know whats. (Amazon example.) Now because of this , they are pushing an agenda , to phase out cash. A cashless society if you will with the "The Great Reset" that Klaus Schwab is behind. (World Economic Forum aka WEF) This is problematic because centralized systems within banking are a problem especially if they are able to commit to Quantitative easing (Or the printing of money out of thin air) without the public notice. (Look up the Fed Monetary printing policy and watch the amount of dollars printed or check European Central Bank ECB)

Lets be honest , if you were able to print money out of thin air , do you care about the consequences if you were caught? NOPE!

"Permit me to issue and control the money of a nation, and I care not who makes its laws!"

Mayer Amschel Rothschild

So lets say cash is removed and all money turns (or as it has always been) digital. Only debit cards / credit cards exist (Or injectables?) which will monitor your usage / spending habits and if they want at any time to stop you from you using the system , they can simply turn off your card. How will you live in a society that no longer offers cash? You will die. Now add punishment on top of it by turning off your card when you have been bad. Now imagine if they viewed us in crypto or anyone against their ideologies of 1 world governments and 1 world currencies etc.... We would be deemed a dissident.

Obviously crypto will be your refuge.

Besides the doom and gloom.

Now imagine all of these rich people + rich firms realizing this to be the case...? 340k USD roughly around 6T in Market cap? Still smaller than the Market cap of Gold. Which leads to funds like VC / hedge funds / private equity / HNWI to hedge their bets against the collapse of fiat currencies around the world. Black rock investment firm holds what 6T in assets alone? Not only that we are talking about nation states who have an interest in power to control many precious metal assets + assets throughout the world , an example is china who owns a majority of the gold mines around the world + the Bitcoin miners in the world. A lot of them come from China.

But at the end of the day , I still firmly believe that we will see 1 satoshi = 1USD.

I think this upheaval will happen through 2021 due to the numerology number of 5. (2+0+2+1) Also in Chinese Zodiac , 2021 is the "Golden Bull year" which is the Metal Ox (Gold / Metal whatever) Obviously it could go to 1M per BTC or 100M and that would be great but that would also mean that the trust in our governments and the people who run the world has been lost and people see the truth behind our system which has enslaved us for many generations.

Long Bitcoin. Short the Bankers

 

It's to see where the price could be in 2 years because no one has the crystal ball here.

But in any case though, I believed that we might also see the four year cycle broken, i.e from 2017-2021. There could be new highs in 2022 as well. So it could be like five to six year cycle now as the exponential growth might take so long to even achieved $100k or even more. Nevertheless, if we see the price continue to steam roll till 2021-2022, then who knows, maybe $300k is just waiting to be touch.

We know that everything is possible in crypto. Do you think $340K is a small amount? Do you believe that Bitcoin will never drop? I don't think so. Don't be over-excited due to the current bull trend. We should learn from the past. In the year Bitcoin was $20K, but after that, we encountered a huge dum which was stopped at almost $3K. So, don't expect much that Bitcoin will grow continuously. You should say thanks if Bitcoin at least crosses $50K in Q1 at 2022. Then we may break past records made by Bitcoin. So, I don't have faith that Bitcoin will touch $340K in Q1 2022, it's just my own opinion, not a prediction.

2022 from now is like a year and half. If we are to look at the price since 10 year ago to how bitcoin has achieved it price yearly, we can't believe that such is possible to happen. Likewise in my own, I think it is a difficult price for us but we know that with bitcoin, anything is possible.

$340k?

That's a fairly conservative, typical speculation from experienced Bitcoiners.

Unusual from a noob.

Welcome.

dont expect too much for all we know after the price lands on 40k we'd once again expeirence the longest bear market. this isn't sure yet but just so your profit will be rest assured, do what is needed before its too late.

thinking about 340k by Q1 already want me to sell everything for btc

If btc can really cost this much then I can just buy a few bucks and forget about it till 2022, by then my investment must have grown in value a lot, btc is moving very fast but I no this momentum will take a rest soon, and if we don't see 2017 scenario then it is possible maybe, am terrible at prediction  :)

I haven't reported the thread because this is the speculation section but it would be good in the future if you give some reason, even 1, why you think that will be the case.

As I said in another thread, one can clearly see that we are in a bull market, not only because of the price but also because these kind of threads.

I hope you are right OP, even if that prediction came out of inside your ass.

i actually came around the time when Monero was first introduced to the market. (After the whole bytecoin scandal) but i've been focused on XMR because i think Tari is going to be a huge advantage , and also because i think (Just an opinion) that Monero is what Satoshi would have wanted from BTC. Cheers Jimbo.




Don't make me get diarrhea now.

Let's give logical speculation before typing anything I understand everyone has the freedom to share the thoughts but this is something strange and fishy, does it mean the price of BTC is rising so that we can predict whatever we want?

Not at all, one thing you need to understand is every rise has a fall in Cryptocurrency, none of them across the world have the capability to predict the exact price. Only there is a huge demand the BTC price will rise, if the demand is over then you will come to what actually happens :)

. Thank you for a morning laugh.

Don't make me get diarrhea now.



[/quote]. Thank you for a morning laugh.
[/quote]

Live laugh and love my friend.

well you didn't give us any speculation yourself, you just throw a random number at us ;)

if you want my opinion, $340k is too low and Q1 2022 is too far away. we area already setting new records and the bull run is speeding up. and that's while we are at the end of year and usually at this time of year the market activity shrinks instead of growing like this!

i wouldn't be surprised if $340k was surpassed in second quarter of next year. after all it is not that far 1000% rise is what we had in first half of 2017 and that is when the biggest debates of bitcoin history and biggest attacks against bitcoin were taking place. we have none of it now...
#frictionlessrise

I believe bitcoin will hit that price but speculating first quarter of 2022 will happen, I'm not sure if bitcoin could touch $340k seems impossible, it is too high for bitcoin to reach that in just a year maybe around $50k I guess because this time bitcoin is bullish so in the next year I expect the downfall of bitcoin maybe the bottom price will be $10k.

@OP if you are giving a solid and exact number it would be better to tell the reason why you pick that number as your prediction. Explain it to us how you come up for that number or what's the reason behind it. Or are you just here trying to throw a random big number where you are just waiting for ideas of other members here? Because if that is your main object I think just asking them directly would be beneficial and less time consuming. Nevertheless predicting in a long time frame like that is worthless since all predictions would be inaccurate.

Don't spread fud or fear to get into the price rally. Don't be surprise that price may not get down to your expectation. Correction may come but I don't expect 10,000 price for bitcoin. The analysis are not predicting bitcoin to fall back to such price.

I am sorry if you find my response bit rude but I want to know on what basis you think Bitcoin will this random figure ? I know Bitcoin is going crazy and unstoppable but isn't it too early to predict such a huge figure? We saw similar predictions in December 2017. Let's not complicate things but posting just for the sake of post count.

Well an old theory suggests there are two halves of your brain the right brain being more into creativity while left one being more logical. Now my left brain suggests that this can't really be possible. And there is not a single reason why this can't be a reality. Just a few reasons are the lack of market capitalization that is needed to take it to 340k. Security like bitcoin increases merely with the market cap. If bitcoin has to reach 340k we need to have around 12 times more than the market cap there is now. This means at least 10 times more money needs to flow into BTC markets to make it reach this price which in such a short span looks a bit impossible to me. If it happens without any increase in market capitalization then it would be just like a bubble and nothing else. But then comes my right brain which has seen BTC doing such sort of things in the past and it thinks that 340K is nothing if you see the way it increases from 2k to 28k today.

I think maybe $150,000 per BTC at Q1 2022. We might peak in Q4 of 2021 though, will be interesting to see how it plays out, this bull run is going to be so explosive.

$340,000 seems a bit much but would love that prediction to come true.

Yeah $100,000 - $150,000 is the reliable price that we can predict for but any other big speculation seems will give a hard time to the market to achieve for, but if government and other big companies will adopt bitcoins and contribute to its marketcap maybe we can see it numbers became real.

Don't be too optimistic to see the increase in Bitcoin price which managed to reach the price of $ 28,000 this December, and don't think
that Bitcoin might not collapse like it did in 2018. Because it is impossible for Bitcoin to continue to rise in price, there must be a moment
Bitcoin has to be corrected first before the Bitcoin price rises even higher. And 2022 is too short for Bitcoin to reach a price of $ 340,000.

I don't believe that Bitcoin will be able to reach the price of $ 340,000 in 2022. Sometimes it's important that we think realistically, so be
careful investing in Bitcoin. Because at any time the price of Bitcoin can go down, and in my opinion, and I think setting targets must be
realistic. My advice is not to focus too far, it's better to prepare for 2021. What plans should we do in 2021.

thats the prob here. a newbie without any kind of analysis giving such prediction? how are you going to react, right? such an empty speculation here. i guess, we will be expecting a lot more threads giving their unsubstantiated predictions!!!
better keep it to themselves if they will not give some solid analysis, which is worth a discussion. reality check first!
i know, everyone is free to express their thoughts, but at least make it worthwhile for everyone...

I am very bullish regarding the price of bitcoin for the next year but even I do not think that is going to happen that soon, you are asking for a 12x growth in just a matter of 3 months and while I cannot say it is impossible do you actually realize the kind of paradigm change that we will need for that to happen?

We will need that a great deal of institutional investors come to this market and openly buy all the bitcoin they can find and we will need as well that a great deal of the population sees this and decide they do not want to miss out on this huge bull run, and even if such an scenario were to happen I do not want to imagine the size of the crash that it will follow and how much this will damage the reputation of bitcoin and cryptocurrencies in general.

Post up some analysis to show off on why you do end up with this speculation.Is there some sort of charting or indicators?

$340k is too much to consider in 2 years time and you should check on how we had moved in past or couple of years and even just seeing on a decade movement.

It isnt something that can be achieved in a short span of time and when making out some speculation then its better to be realistic so that you wont really get frustrated
when the market doesnt able to reach up that high.

Bitcoin still looking for the new all time high, I still remember there many threads which ask how price bitcoin at the end of this year after its price passed the previous all time high. Many user says that the price will only touch $25.000 and after that its price will meet a correction but they 're wrong now. In fact bitcoin can be able to reach $28.000 and now its price still trying to pass its price.

I mean, there is no specific strategy to know what bitcoin price in this future. The bull run market may run for the long time and $100.000 and above can be achieved but we have to see another side as well. If the bull run market is over then we will a huge dump will come. However, I still hope that the correction will not same with 2018 ago, I hope its price can stand above $20.000.

I do not know why you chose this exact number  340k$? Give us some of the analyzes you did to get this bitcoin price prediction !!! Nobody can predict what will happen in two years, I can say that Bitcoin will rise dramatically in the coming years, but of course I cannot guess the exact price.

Good target. I'm loosely thinking $300-400K myself (will hopefully be able to add some more precision to that during the blow-off phase), based on a few extrapolations of past bubbles.

Very unpredictable though. Past performance doesn't guarantee future results and all that.

I'm also concerned that a future cycle (possibly this one) will blow all the past cycles, even 2011, out of the water. That's the S-curve scenario, (https://bitcointalk.org/index.php?topic=5265690.msg54906097#msg54906097) the idea being that we are entering the vertical stage of the adoption curve.

This is one reason why I definitely won't be selling everything even if we get to the $300,000s. For all I know, this thing could run into 7 figures and then bottom out at $500K. You never know.

too early to say something like that, the current Bitcoin price is still at $ 27k,
of course you should know how the performance of the price increase, if directly pumped to $ 340k in Q1 2021,
then it could become a bubble and that's really terrible for Bitcoin itself .

By this logic (which I agree) it is almost impossible to reach to 340k, after all we can't go non-stop from 25k to 340k, but we also shouldn't low play what bitcoin can do neither.

I agree that people were wrong, most people didn't even say 25k, they said 20k at best, and we did 28k+ so we should be proud and we can easily say that bitcoin will go higher than many people expected, that is very true and I agree with that. But 340k is not that price, now comparing the same, saying 20k and getting 28k is about 40% or so increase on what you expect right?

Well, for that to happen we need to think 240k is very very possible and everyone should be talking about 240k, that would be about similar, do we talk about 240k like it is going to happen for sure? We do not. Which is why I think 340k will not happen but you are definitely right a price we think as realistic will be broken and we will go higher.

The amount you mentioned is not a small amount, but in my opinion it is not an impossible price for bitcoin.
I would really like to know some of the factors that support your current speculation, this will give us some reasonable insight.
I think the most realistic target in 2 years from now is $50-100K, I dare not say more than that and will probably just be a tough target to achieve.

The last time I saw that number - $300k/BTC - was in 2013. There was a European silver salesman on here who calculated it based on what you'd get if you tried to fit the "market cap" (to use the term loosely) of gold into BTC.

At the time, the exchange rate's all time high was $260/BTC. It was easy, then, to dismiss the idea - a 1000x appreciation - as the sort of fever dream that bulls tend to get amidst the euphoria of bubble conditions.

It's a surreal experience to see numbers like that again today, when that "1000x appreciation" is more like "12x appreciation". All of a sudden it's a bit harder to dismiss.

Interesting. Gold's market cap might be a significant psychological resistance if 2013 is any indication. Back then, BTC topped out at the per oz gold price in the $1,200s. (At the time, Mt. Gox was the price everyone quoted for the 2013 ATH, not Bitstamp or BLX as is usually the case now)

With gold's summer rally bringing its total market cap to ~$10 trillion, that would put the BTC target around $500-550K! :o


That's for sure.

To be honest, I do not think how high bitcoin price in Q1 2022 because that will be a year from now. But the price could be at that price in 2022 because bitcoin has that chance to increase so high, especially if the mass adoption is growing fast and many institutions and people invest in bitcoin. But what I think is how much bitcoin price will increase in the next year because we are almost seeing the new year in less than a day.

Check my edited post.

There were predictions that are higher than yours but with those reasons and analysis, it's very likely. Who would have thought that bitcoin will break $29,000? on the last day of 2020? From $4,900 to $29,000.
That's an abundance of gain! If my calculation is right, that's around a 600% gain alone for this year. And if this year(2021) will start at $28,000 and calculating that with the doubled percentage, it's $336,000 close to the OPs prediction.  ;D

Most likely he did none so there is nothing to show, at this point any number that you hear is possible taking into consideration the fast growth of bitcoin and like always we are only going to know how high it will go once that price has been reached and we see significant resistance at that point.

What I wonder is what it is going to trigger this moment? Institutional investors are not bulging one bit and are still holding their coins despite the massive gains they have accumulated, the new strain of the virus did not caused a single movement in the market, and the governments injecting more money to the economy if anything helped bitcoin, so what can stop bitcoin right now? That is something I do not know.

People continue to speculate high as bitcoin prices continue to pump.

This is just a prediction so it's valid if they think this can reach 340k in Q4 2022 it is not impossible that what is happening now is not imagined by us and this is a big change where bitcoin will continue to be boosted.

If this comes true then it is all a gift from God.

It’s no wonder that many predictions say that bitcoin will hit $ 100k or even $ 340K in the coming years. Whether it’s this year or 2022.
These predictions have become a hot issue in the public's midst. However, looking at the current price, I am  optimistic that  bitcoin will
reach $ 50K before reaching $ 340K by 2022. If the end of this year bitcoin can be $ 250K, it will be closer to $ 340K.

I could see it going to such high numbers, like half a million or a million. But if it does I think it'll be part of a multi-year bull run. I don't see $300k, $500k, etc happening in roughly a year. Institutions aren't going to buy it up that high that quickly, and there would definitely be a retail blow-off top before it gets that high. But I could totally see above $500k before 2025 in a series of bull runs that basically form into one long multi-year bull run, where institutions keep gradually piling in and there are retail bubbles here and there as it goes along.

At $20k, $30k etc, institutions are making wise and calculated decisions to get into Bitcoin. They I am sure would be willing to wait for lower prices if the price shot up from say $50k this Spring to like $150k or $200k or so by end of year. There is no way they'd keep fueling it to $300k or higher. They'd step back, some that are more into playing the market would take profits, retail investors would take profits, there'd be a panicked drop, and once institutions felt safe investing again they'd start piling back in. I could see this happening several times over the next few years though without any sustained bear market in between that drives the price up to that $500k range in the course of a few successive bubbles rather than just a single year long bubble. My general thinking at this point is $100k+ in 2021, $500k? in 2025, whether thats with just constant grinding upwards in between or a bear market I don't know, but I doubt institutions are just gonna stop buying for a couple years now that the flood gates have opened, so I would bet on the multi-year S-curve bull run playing out over the next 5 or so years that maybe 20x's the price from here.

But if you're right and a year or so from now we're looking at 10x from here I ain't gonna be complaining ;p you already convinced me in one of these threads to sell gradually over time and not sell everything when it passes $100k.

I agree with this the 6 digit prediction is too much don't be so excited because of the bull run,
Because it wouldn't stay for that long we know that the season changes so expect to have a bear market too.
It isn't just going to climb all the time there would be a time that it would pull back and drop down so let's be realistic.
But we all could dream of a price that we want so we should let OP have it that way.

I don't like to speculate about time. Time is incredibly unpredictable in markets, even during the stablest (most predictable) of periods. This is anything but, with virtually every asset rallying at the moment.

I think the ramping up of monetary debasement and stimulus policies is making things very unpredictable. Combining that with current market technicals, I don't think the possible degree of institutional FOMO is predictable either. Institutions chase performance.

We tend to think about these things within the limits of our experience and conditioning, within the existing financial paradigm. But if the paradigm is truly changing, if Bitcoin is on its way to becoming some sort of global reserve asset and unit of account, it's going to blow all our minds. It's not going to be limited to what we saw during past cycles.