Bitcoin Forum

Bitcoin Yes Bitcoin can go moon $100K within end of this year(2021)...?
Bitcoin:
(₿) is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when its implementation was released as open-source software.
Bitcoin Creation
The domain name "bitcoin.org" was registered on 18 August 2008.On 31 October 2008, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash Systemwas posted to a cryptography mailing list. Nakamoto implemented the bitcoin software as open-source code and released it in January 2009.Nakamoto's identity remains unknown.

On 3 January 2009, the bitcoin network was created when Nakamoto mined the starting block of the chain, known as the genesis block.Embedded in the coinbase of this block was the text "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks".This note references a headline published by The Times and has been interpreted as both a timestamp and a comment on the instability caused by fractional-reserve banking.

2011–2012
In 2011, the price started at $0.30 per bitcoin, growing to $5.27 for the year. The price rose to $31.50 on 8 June. Within a month, the price fell to $11.00. The next month it fell to $7.80, and in another month to $4.77.
In 2012, bitcoin prices started at $5.27, growing to $13.30 for the year. By 9 January the price had risen to $7.38, but then crashed by 49% to $3.80 over the next 16 days. The price then rose to $16.41 on 17 August, but fell by 57% to $7.10 over the next three days.

2013–2016
In 2013, prices started at $13.30 rising to $770 by 1 January 2014.
In 2014, prices started at $770 and fell to $314 for the year. On 30 July 2014, the Wikimedia Foundation started accepting donations of bitcoin.
In 2015, prices started at $314 and rose to $434 for the year. In 2016, prices rose and climbed up to $998 by 1 January 2017.

2017–2019
Prices started at $998 in 2017 and rose to $13,412.44 on 1 January 2018, after reaching its all-time high of $19,783.06 on 17 December 2017.
China banned trading in bitcoin, with first steps taken in September 2017, and a complete ban that started on 1 February 2018. Bitcoin prices then fell from $9,052 to $6,914 on 5 February 2018. The percentage of bitcoin trading in the Chinese renminbi fell from over 90% in September 2017 to less than 1% in June 2018.
For the first six months of 2018, $761 million worth of cryptocurrencies was reported stolen from exchanges.

2020
In August 2020, MicroStrategy invested $250 million in bitcoin as a treasury reserve asset. In October 2020, Square, Inc. put approximately 1% of their total assets ($50 million) in bitcoin. In November 2020, PayPal announced that all users in the US could buy, hold, or sell bitcoin using PayPal. On 30 November 2020, bitcoin hit a new all-time high of $19,860 topping the previous high from December 2017. Alexander Vinnik, founder of BTC-e, was convicted and sentenced to 5 years in prison for money laundering in France while refusing to testify during his trial. In December 2020 Massachusetts Mutual Life Insurance Company announced it has purchased $100 million in bitcoin, or roughly 0.04% of its general investment account.

2021-Present
On 19 January 2021 Elon Musk placed #Bitcoin in his Twitter profile tweeting "In retrospect, it was inevitable", which caused the price to briefly rise about $5000 in an hour to $37,299. On 25 January 2021 Microstrategy announced it continued to buy bitcoin and as of the same date it had holdings of ₿70,784 worth $2.38 billion. On 8 February 2021 Tesla's announcement that it had purchased $1.5 billion in bitcoin and planned to start accepting bitcoin as payment for vehicles pushed the bitcoin price to an all time high of $44,141. On 18 February 2021, Elon Musk said that "owning bitcoin was only a little better than holding conventional cash, but that the slight difference made it a better asset to hold".

22 AUG 2010 - 08 March 2021 Bitcoin Chart Variation
2010: https://imgur.com/kxcmAmn
2021: https://imgur.com/5PQFIxM

2022--?
Bitcoin can go moon $100K within end of this year(2021)...?

I guess that's still 2021 and not 2022.

It's a possibility or not and it could be even higher than $100k if we are looking at the stock-to-flow model that everyone was theorized. I am hoping we could get onto that level and I'm more positive on that since there are institutional investors really hopping into the cryptocurrency space.

Can it? Yes. Will it? We have no idea. Any different answer to this one is pure speculation and personal belief.

Too many factors are influencing its price. One of the main ones are its immaturity as a market. Immaturity makes it swing wildly all the time. If you take a look at some advices on TradingView, you'd see that the opinions are split. Whatever happens depends on a lot of conditions we can't accurately predict.

Honestly, speaking in the previous Years, I doubt that the Bitcoin price will touch up to $30K, and I'm thinking that $20K is the highest price ever that Bitcoin can attain. And my reason is simple it's already expensive to acquire that most of the users cannot afford to buy it. But I was wrong because it has already breached the $56K price level thats why I convince that the Bitcoin price increases are always possible and the $100K per Bitcoin at the end of the year 2021 is very likely to happen because Bitcoin price today is already halfway with that speculated amount.   

It can, but it is uncertain. As mentioned by 20kevin20, there are a lot of factors affecting the market as a whole. The market had been swinging up and down and even TA's fail to be reliable due to the market's volatility. The current bull-market had been stagnant for about a week now swinging around $50k and no one is sure whether it will continue to rise or the biggest market correction will occur which will end the bull season. It may not happen sooner than what others speculate but in due time as we reach the peak of mass adaptation we might see BTC price soar that high.

What more can we ask for though, we have more than double the previous all time high in 2017.

So it's just a question of when, can we do it this 2021? In any case, I would suggest others to read this thread,  Stock-to-Flow Model: Modeling Bitcoin's Value with Scarcity (https://bitcointalk.org/index.php?topic=5191012.0) by @fillippone. This model plots $100k or even higher, just be cautious though not to used it for short term trading.

I think it's not only possible but also likely either because the Stock to flow model seems to be still working and Btc price is within its range but also because of recent "istitutional FOMO" into bitcoin of which this one Norwegian-oil-mogul-sets-up-58-million-entity-to-buy-bitcoin (https://cryptopotato.com/norwegian-oil-mogul-sets-up-58-million-entity-to-buy-bitcoin/) is only the latter example.

Disclaimer : bitcoin bullish here  :)

your opinion that bitcoin will hit $ 100K by the end of the year may be sooner than expected. because last year the sharp increase created ATH, of course, because @elonmusk and its Tesla company bought up bitcoins. There is a possibility that other companies will also follow, maybe even brokers and @elonmusk fans, which we know that @elonmusk's followers are enormous.

this year is actually the Halving effect that will occur, but it has been made to move earlier than last year's @elonmusk effect and is still moving until now, where the beginning of the year should be a correction, but it happened very quickly and continues to increase. currently bitcoin has stabilized in the desired range before increasing from the halving effect.

With the current price of BTC in the market, it could reach $100k in the last quarter of this year may be the 1st to the second quarter of next year. If the current price won't move from $40,000+. Because right now, the other big-time companies are just waiting for the right time to invest big time in Bitcoin. When the time they put another billion dollars of BTC, that's when the price resume to increase and that would be possible because we have seen it before. It was the time when the price was shy to cross $20,000 and when it did, it reaches up to $50,000.

If you are a supporter and invested a really huge money then you'll think of this could be possible within the span of 9 months from now.

But If i were to answer ? lets see breaking 60,000$ first then we'll go that far next.

Asking for 100k is far too much for me (Personally) we have seen the 2017 effect of the recent halving and made a hype up to 20,000$

and this year from 2020 halving we have seen almost 60,000 so i believe that we can be maxed at 70,000$ before the bear take the territory .

If we based on S2F model. $100,000 is on the range for this cycle, but $20,000 too. That's why, it's either $20,000 will happen first or $100,000.
S2F model really proven especially if you compare it with previous prices especially on every Bitcoin block halving.
We still got 9 months and there are still lot to happen, I'll go for the positive one.

I think there is no possible regarding with the market previously I didn't expect that the bitcoin will come up into its previous price of 50k if the price of the bitcoin comes up again with the 55k USD there is a chance it will go into another part of the 60k USD and road to 100k USD but again I think this is just speculation there are a lot of things needed to consider to give it back to the desired amount. But again always be positive in cryptocurrency profit but not in covid.

I don't know why you posted all those 2011-2012,2013-2016 and 2017-2019 price patterns.
Is that the evidence to prove your point about Bitcoin going to 100K USD in 2021?
The 2021 Bitcoin price has nothing to do with the 2011 Bitcoin price or the 2013 and 2017 Bitcoin price.
The market is different now.We have institutional investors,not Mt.Gox.The only thing,that is certain for all those years is that Bitcoin is volatile and it will always be.
The price might go to 100K,or it might go in the opposite direction back to 30K USD.Nobody knows what will happen.

I think 2022 will be the bear market year where bitcoin price will correct from 250,000 to 75,000$ or something like this. This is based upon the 4 year bitcoin cycle which we see every 4 years. So bitcoin will easily reach 100K within 2021.  :)

I don't think it's that fast. The thing that changed from the previous year is that bitcoin has been entered by several institutions I think this is one of the good things to welcome bitcoin in society. bitcoin will be $100k maybe the next 5 years and stable in recent years.

$100,000 by the end of this year for sure, I’m very confident about it tbh. It’s only x 2 from the current price, all TA points to north of $100,000 per coin in the short to medium term.

It has never been a problem this is just pure speculation we are making to predict the price of bitcoin at the end of this year.
$ 50k at current prices but it is still in the first quarter so it is possible that this could reach the point we have analyzed, as long as the market is in good shape this year I believe bitcoin price could reach $ 100k by the end of the year or even more.

I looked analytically at what I could and saw some important people have to say about how the future price of bitcoin could brighten it because of the high demand and also some institutions are now involved in this.

There are different possibilities a $100k per BTC could happen anytime soon remember that were still in the first quarter of 2021 if the momentum is really good then potentially it could hit that number easily. But be watchful of the market bacause manipulation is just around in every corner but this year is full of excitement for Bitcoin.

That's the prediction that everyone has been telling.

Maybe the same as end of 2020 up to this time. The market has been bullish so if that's going to happen by the end of 2021 then that can last up to 2022. The peak was $58,000 and that's already 58% of 100%.

There is a possibility that Bitcoin price may hit $100k in this year based on some recent reason happening in the crypto space, back then there's was not an institutional investment and few people give an audience to price speculation, now the market volatility is high with high market capitalisation so it affect the price of bitcoin vividly, I think the high demand of bitcoin will possibly make it hit $100k this year maybe towards ending of the year.

Bitcoin is one of the most potential coin in the current time. Now its price is $50k+ Its Price is so much volatile. Demand of Bitcoin has grown exponentially.  Many newcomers have joined Bitcoin and Start invest on it. We know that when the demand is increasing then price is also increasing. Because bitcoin supply is limited. In my opinion, if the demand for Bitcoin continues to grow like this, the price of Bitcoin will definitely be more than $100k in the end of this year.

It is relatively difficult to tell given that the value of bitcoin varies from several factors including both external and internal influences.

As an example, Elon Musk tweeted about something in bitcoin and its price decreased. In addition, Elon Musk also tweeted something about DogeCoin and its price significantly increased. Lastly, there are also influences coming from the government that may affect its price, so it is relatively difficult to say accurately about the ending price of bitcoin by the end of this year.

My advise- HODL and keep them for the next 5 years!

The btc rally in the past few months have astonished everyone and no perfect speculation can be made regarding btc prices.The prices have reached ATH of $54000 before witnessing dips and market correction pushing the graphs down to $47k down by 7-8% within few days.But 2021 is bull run period as most of the investments are going to be made and regulations to adopted by major government and organisations to adopt cryptos.This will eventually lead to prices reaching another high levels of say $70-$80k by this year end.

I think in the 2nd quarter of this year we will see that the price of Bitcoin has reached around 100K. I am very optimistic about this. If the way various institutes are holding positive views about Bitcoin continues, the price of Bitcoin will soon reach to 100k. PayPal, Tesla, MicroStrategy, Grayscale they have promoted Bitcoin very nicely now big institutes will be interested in Bitcoin.