Bitcoin Forum

Just a calculated Prediction: Crypto Market will be worth $8 Trillion in Sept, 2024.

Bitcoin Price: $240,000
Ethereum Price: $14,136
Cardano Price: $10.16
BNB Price: $2,176

What do you think about my prediction?

Low

You mean it will be lower than 8 Trillion or I am predicting way low?

2024 is a long way away and I truely believe $240k will be passed before that.
2024-2026 is the next halving which would put btc up to $1M ballpark IMO

You might be right in the off chance of a sharp correction of which there are many.

Speaking of 2024, there are thousands of speculations based on data analysis, price history, and possible fundamental factors. There are millions of predictions made just because they are too pessimistic to see the state of the market today while they hold too much with the losses it brings (the point is just to entertain themselves). So where did your analysis come from?

Past Data.

good guess, but don't care much about bnb. There are other/better projects.
In addition, ADA is mostly marketing right now. Maybe it happens or not, who knows.

Not sure about the alts prices as I don’t care for them or deal with them too much but obviously they do tend to follow the trajectory of bitcoin. Your bitcoin price looks reasonable, it could be even higher. It all depends on what the high is in the current bull run.

right now all crypto is in the red, so there is nothing wrong with seeing and being able to give a personal opinion on the predictions made by the op based on the predictions of the crypto market in 2024

possible to analyze bitcoin will be seen after the price of bitcoin later this year. how much bitcoin ATH achievement will be obtained at the end of that year, it may be concluded that bitcoin for 2024 will occur.

but according to the analysis should bitcoin will reach its best point this year. what is your bitcoin prediction may be smaller and can be missed. if for Alt maybe 2 more than your prediction.

maybe some people rely on the BTC Halving event to take a Buy opportunity.  yes this is natural because BTC has such a history .  after halving the price of btc goes up.  when 2017 the price of BTC pump 4x, 2021 the price of BTC pump 5x. >:(  wow what an amazing achievement.  if we try to predict the year 2024, maybe if there is halving the maximum price will be 4x the price before halving. Maybe 120.000$ ( at 2026)

In the next bull run, I believe that Bitcoin price will reach a level between $150k and $200k. And it will happen in 2 or 3 years I believe. I'm not sure about a level higher than $200k.

The prediction on BTCitcoin will be achieved in the next 3 years and hopefully we will reach the 6 figure valuation by the next major rally either this time or after the next halving. I am not confident about the alts you mentioned especially BNB considering the amount of coins they have in circulation and the upgrades ETH is undertaking is not easy and any mess up could doom them forever.

I still have a doubt about the 6 figure in the next upcoming bull run but who knows? It might though but that would take some time and a lot of great investors for adoption and we might see a few well-known big companies considering to use or invest in Bitcoin. The only way I can think of making that 6 figure price is a well-known large institutional investors but that's just way too far to happen yet.

Year 2024 might not be the year of bull run yet since it will take some time before the bull run starts. So it would take to 2025 instead so in 2024 we will be seeing only a fraction of what common price we see today. It might be in the $20k or $30k level? I don't know but it's the closest price before it could hit the 6 figure or so.

It's okay.
Other analysts are predicting it higher than your numbers but your's looks a bit real or you are just shy to put higher figures.  :D
As long as it goes $100k in 2024, I may be already happy with it. That will mean a lot and maybe that's also the point when people will recognize that Bitcoin is real and not just some money-making thing of the billionaires out there.

Seems a realistic prediction.
2017 : $19,900
2021 : above $60,000
Tripled the 2017 ATH.
Now, If we're to calculate the same for the next 4 year cycle.
It could be around $180,000.
$240,000 is still a realistic prediction for me because Bitcoin price tends to surpass our prediction/expectations.

There's no wrong prediction anyway.

Hopefully that will be the case for bitcoin in the next 4 years because I am a lazy person and I believe that if there's a pattern behind it, then I just need another proof to believe that there really is a pattern that makes the prices predictable. I disagree with your idea that there's no wrong prediction though, because I believe that a prediction is wrong until it's proven right so kind of like the other way around than what you claim.

And I think this also in the range of the S2F model prediction. Although if I'm not mistaken, they are still looking at 6 digits around this year. In any case we didn't hit it, maybe in the next halving, we might finally see BTC=$100,000 or more.

So still a long way to go for us, we just had our halving this year, we have seen the effects of it and we hit the last all time high at $64,000. So let's see how the end the year price will be, hopefully we can get to close to that at least.

Shall it's called prediction, you are just assuming that's the reason, but I'm not sure that all this points of prediction will come to reality most especially the bitcoin aspect, you can be right in altcoin section or aspect of prediction but bitcoin I don't really have trust on btc, because bitcoin can remain to one values for two years going up and down, because it's has happened before throughout the year of 2020, and the price of btc has been stagnant for period of time, so such a thing might happen again while we are looking up to it's increment via 2023 and 2024.

Existing Shitcoins should be already dead by 2024 or replaced by other newer shitcoins that aren't as pumped considering that has always been a lot easier to pump new shitcoins and those that already have a very low price not the high price overpumped ones.
ETH price should be around 0.0005BTC, Cardano less than 500 satoshi and Binance should go in the same list as its predecessors and its centralized token BNB should be dead.

Do you know what past data tells me?
That a lot of coins whoa re marketed right now as the new bitcoin, new technology, new that and this will end like those have:

https://www.coingecko.com/en/coins/dash
https://i.imgur.com/KlNe5Vj.png
https://www.coingecko.com/en/coins/iota
https://i.imgur.com/8S0e1mf.png
https://www.coingecko.com/en/coins/eos
https://i.imgur.com/A3NVSv9.png

Once the hope is over and a new coins comes out with promises to magically solve other problems nobody cares about it even the current number1-10 will end up at the bottom of the first page on all coin tracking websites
No ATH for you!  ;D

For now, I do not have any prediction about what will happen in 2024 because that still almost 3 years later, and many things can happen to bitcoin and altcoin. But I can say wow, that is the very highest price for bitcoin, ethereum, cardano and bnb, but that can possible happen in the future. I only try to accumulate more bitcoin than altcoin because I believe that bitcoin will increase so high although I don't have a right prediction about the price.

But if bitcoin really increases to that highest price, I am sure that can bring many people to invest in bitcoin from now on because the price is still at a low price and they can buy from the small amount from time to time.

 For bitcoin probably it has potential to push the price towards 100k only in 2024 in my personal opinion , especially if those whales keep manipulate the price everytime when it reached the all time high, because for that reason it will become too difficult for bitcoin to exceed more..  And actually for me 240k has a potential  as well , but the fact that weak hands always going crazy when there's an issue reason there's always a massive decline in the market.. Its becomes very unpredictable if bitcoin can survive to break new ATH in 2024.

It's around 3 years and it's a long time so I think that it's probably more than just 100k by 2024. Maybe by that time, we will probably see the price higher than 100k if not at a 100k, we can only hope what's going to happen next to the future of bitcoin and despite the price going down recently, I think the future of bitcoin is still bright.

The first thing that we need to do is for the community to stop listening and taking advice from people like Elon Musk, if we are going to reach that amount the community should have a lot of improvement and covers a lot of territories, Bitcoin is moving down again because of too many FUD, on the positive side, the DeFi are growing there are so many projects now that are DeFi related it's a good sign that we are moving forward.

In my speculation, bitcoin marketcap alone will worth more than 10 trillion by the times of 2025. Moreover like most other people here, I am too sure about that we have not done with 2021 bullish market yet. So, based on the price levels of 2021 ending, we can easily speculate about where we are going to start the year 2025 (next halving may happen in 2024 and bull market may happen in 2025).

I believe that we are still have fair chances to test $100k before end of this year which may extend up to $280k levels before end of this year. So, it would be too early to speculate about 2024 now itself.

I also like to believe remember in times of pandemic the price crashed to $5k but look what happened after a year, not only the price recover it reached another all-time high, I'd like to believe that Bitcoin will eventually recover and reach another all-time high, we are halfway of the year, things happen so fast, we could wake up one day with the price on $100k.

That's three years from now ++ and yeah, I think by then 100k should be very easy, assuming there's another rally and assuming also things happen in the regular 2/4 year cycle it always has. I still doubt this year is over. Normally I'm pessimistic about chances of crypto going up but I feel like there wasn't enough drama over the last 6/7 months yet and we usually need that before we head into pure winter.

I think you should first know that you are in a board that is intended for speculation about Bitcoin, so it is completely inappropriate to emphasize any other cryptocurrencies here.

I don't think anything about the speculation itself, because there are hundreds of them if I search online - everyone tries to look smart while throwing up big numbers, you might guess, and maybe not. After all, it is stupid to think so much in advance when no one can even say approximately what the price of 1 BTC will be by the end of this year. If it is at least $100k, it may reach $240k by 2024 - and what if all the pessimists' predictions come true, and we slip into a new crypto winter?

Since the last increase in 2017, a number of striking trends have emerged, these trends in 2020 are able to show a more collective Bitcoin price increase , Therefore, the price increase in the coming year in my opinion is a realistic expectation of bitcoin, and now this is a good opportunity for us to keep an eye on Bitcoin developments before the halving day occurs in 2024, I'm sure if the price predictions made are of course based on your high belief in the increase in bitcoin prices after the halving day occurs but of course we should not be too hopeful if it happened and if you look at the experience of the previous halving day I believe that bitcoin will experience a price increase of about 60% of the price before the halving day.

I am in a board called Economics and a sub-board called Speculation.
I don't see Bitcoin Economics or Speculation written over there.  ???

I still can't guess whether this will be right with your prediction or just a conclusion from the total market capitalist in 2024? It's still far I don't really expect more from your prediction but what you say can come true because I know bitcoin's movement is quite close and in 2024 it will coincide with the halving maybe this reaction will happen like this year because it has reached ATH before 3x more than 2017.

I can only judge that bitcoin will continue to grow every year and will experience a big bearish as well so it will continue to contradict that bitcoin 240k in 2024 is far from being a reality.

Not impossible, neither bearish. I was thinking similarly, but closer to the $½ million.

Would you mind explaining me your calculations behind these results? It seems to me as a very random thought. The fact that something is centralized doesn't make its demanding less. I won't comment about ADA & BNB, but as for ETH, judging the historic peaks, I'd speculate it around 0.09-0.14 BTC. No idea the exchange rate in dollars though...

I surely like your speculation for the price of Bitcoin and surely if this is correct it is good to definitely hold Bitcoin right now, but it is too early to predict 2024 Bitcoin, Ethereum, Cardano, and BNB price, it is the year 2021, and right now the price of Bitcoin is pretty bearish right now but the end of this year I think the price would go from an all-time high of $56,000 USD the price might go to $80,000 USD on the momentum the price could go,

Right now the price is at $32,000 Bearish market, but bitcoin eventually returns back to its all-time high price and will surely try and penetrate another all-time high that is for sure.

I would like to know how you got the parameters you used in guaging your predictions or is it a loose guess?


The next Bitcoin halving will be in 2024. Halving doesn't stretch, like what you have as from 2024-2026. Halving is every four years. The present one happened in 2020.

Again, we should also put into cognizance the fact that Bitcoin price won't continue on a steady rise till 2024. There's bound to be the bear period before 2024 just like what we witnessed in the last halving and the previous halvings before it. The bears will steep down price and that's healthy correction.

I used the total market cap data from the past years and some maths on Bear Market vs Bull Market and then averaged out to get a value of $240k for BTC in 2024.

I'm interested in the above two coins. If you put Ethereum this high above BnB, what is the rational behind it? BnB looks good to get to $10,000 with that Ethereum at $14,136 , I mean you can check the current price for the two and the difference. Also bnb is having more projects and listing on the exchange, that is a good reason for pricing it up to $10,000 and not that you peg it at $2,176.

On the predictions of btc, I guess that's very high maybe we will cut that at 50% just to range the price at $100k above. With cardano I think $5 to $6 will be enough and if it goes up until $10, that would be a bonus. Let's have bnb the most potential one with a predicted price at $6,000 or higher because more projects coming our was now starting to adopt this platform of bsc.

Everyone is free to predict the price of Bitcoin, but most people agree the future price of Bitcoin will be very expensive. So as you said, we have
to start holding Bitcoin from now on. Whatever the price of Bitcoin that will be achieved in 2024, the price must be much higher than the current price.
And I don't really agree if the current price at $32k is called a bearish market, because as long as the Bitcoin price is still above $20k I still think
Bitcoin is still in a bullish trend.

It is based on past performance. You see coins with unlimited supply can not keep rising, specially since they have lots of other flaws including security flaws, not just centralization. Specially when they switch to PoS and basically give away free ETH just because you own ETH the sell pressure is going to increase.
Additionally "smart contracts" in the way used by Ethereum ever since 2015 have not had any real world applications, to this day anyone who buys ETH either wants to invest it in an ICO scam or are simply gambling on the price. This model can not be sustained and in long run the price will keep going down as it has been.
It is also highly likely that a better smart contract platform (either another altcoin or a bitcoin side-chain) that simply solves the flaws of ethereum replaces it in near future. That makes ETH obsolete.

Centralization is a big flaw but yes, for the most part, people don't care and don't know they should care (not to mention the decentralized companies in defi all claiming but hiding how centralized they are like Polkadot).

And it's the same selling pressure with all these APYs that cannot be sustained.

I do disagree that smart contracts have no real world applications though. I think the way limit orders are being programmed without trusting exchanges at least are now very popular, plus betting markets that automatically settle bets. Not a lot of use but when people see these working well I don't see why people wouldn't switch to smart contracts.

I would love to see a single use case.

The two you mentioned here:
1. There are no exchanges using smart contracts, there are only tokens created to let you swap different tokens. For example you can't trade bitcoin versus litecoin using a smart contract on ETH. There is also a much better way of doing this with a decentralized exchange.
2. For gamblers a simple side-chain or a hashed timelocked contract on bitcoin' blockchain itself would do the job a lot easier and much safer. If there is enough demand you could even do it on Lightning Network.

I was talking about decentralized exchanges though (Sorry if I should say CEX and DEX but I thought smart contract automatically means DEX). You should check out 1inch for example, it does use a smart contract for limit orders on ETH DEX like Uniswap. Those smart contracts were built on as far as I know, Ethereum, or copies from Ethereum.

2. I don't argue that Bitcoin blockchain is better and more secure but I beg to say that it is NOT easier. You can today ask a regular gambler to use a betting smart contract on ETH and he doesn't even need to know blockchain, he just needs to know how to place a bet. I do not think there is an easier way for Bitcoin or LN. The lack of demand sort of proves this.

Now, I am not a Bitcoin hater, it is my where my main beliefs are. I am not even an ETH lover, I only bought it in 2019 after finally admitting that yes, ok they got some things right finally.

There is a big difference between an "exchange" and a "token swap". An exchange (whether decentralized or centralized) is where you can trade any cryptocurrency with almost any other cryptocurrency for example BTC with LTC. A token swap on the other hand is where you can only swap a token for another token. For example there is NO option to swap BTC for WBTC only ETH for WBTC.
This is useless.
Also 1inch is not even an exchange or a token swap, it is a DEX aggregator where it searches other token swap platforms (using the wrong term DEX) and gives the user the best option.

Lack of demand is the correct reason for lack of demand for gambling this way. Most people are fine with centralized gambling where they sign up on a casino's website and gamble there. The rest are just playing around with these platforms like the tokens on ethereum because they have some extra tokens they want to burn.

OK, then obviously we are going into technical differences here but dude, I know 1inch is not a DEX but a DEX aggregator but there you go, you are saying they (and everyone else in the DEX industry including educators) are all using the wrong term.

For me, if they call it a DEX it has evolved. They are already articles talking about DEX using orderbooks (which is what you are thinking of) and DEX using liquidity pools like Uni.

It is a big difference, but they are merely different mechanisms, both are DEX.

An exchange can have as many pairs as they make available. If an exchange only has BTC-fiat, it is still an exchange. Your "token swap" example is just the same in BTC-USD market you can ONLY exchange BTC for USD. All the exchanges talk about trading pairs. And all the "token swaps" talk about swap pairs. I think you will be surprised to learn now "token swaps" have much more capacity to swap between networks (which is why I ask you to look at 1inch) but as you say not for BTC (again to my knowledge) but of course, you can use a regular exchange for interchain assets and even fiat but this is because none of this interaction is on chain. You even have Yobit exchanging with assets that don't even exist, anything is possible offchain:)

I'm sorry, I really think your posts are very good and I enjoyed them a lot here but on this case I think sometimes Bitcoiners like to argue semantics when the rest of the world using those things has moved on and accepted that "token swaps" are also exchanges, with the difference that every exchange (swap) happens on chain in liquidity pools (as opposed to off chain orderbooks), which makes it difficult, but not impossible these days, to manage inter-chain swaps.

P.S. I totally hate defi it's the most toxic and scammy world but we were talking about use case for smart contracts and I see it and accept it even if I don't like it.