Bitcoin Forum

Hey guys, will Bitcoin go to $100k?
On my opinion yes.
I was looking at my indicator on monthly basis. Every time bitcoim holds the red line, it raises to new ATH.
https://de.tradingview.com/x/BYAvkZC8

Based on this, it can go to around $100k
https://de.tradingview.com/x/QVb7RifK
On the other hand, if BTC close under this red line it will go lower.

What do you think?

There are many metrics and indicators such as that. However you need to realize that they can all be too early and you might buy now but it can still go lower.

One popular one is that greed and fear index, usually it predicts bottoms very well but almost each time the indicator goes off when it’s way too early, leading people to get bull trapped.

Bitcoin to place a $100k position, I think it's possible to get to that level, but not this year, the next two or three years, I believe.

If you want to say this 2022 Btc could be $100k, not a good thing for Bitcoin for this year, beyond the negatives outweigh the positives about crypto.

So doesn't that mean that we'd still need to wait whether it would go down or not? Nothing changed from the original wait-and-see a game that investors and traders do. We can only hope for the best and probably react if the market even dips further (for those who have invested). For those who haven't, well, any dip at this point is a pretty good entry point so I don't see an issue there.  I honestly don't think Bitcoin would be able to reach $100k this year, and even if it did, I hope it doesn't, it's going to be a bubble imo, not really something I'd look forward to in the long term.

Imho bitcoin price will reach 100k and beyond.
However, we've seen so many indicators telling that, I'm no longer jumping for each new TA coming out. TA is not enough for predicting the price.
On the other hand, especially related to the title you've chosen, I can tell that Bitcoin is on its way to <insert number here> since the moment it started getting traded. Just look at the full chart.

If I look at your metrics and indicators chart, it looks like the correction phase in bitcoin has almost reached the end of the correction. the bitcoin price has the potential to head towards $100k this year. However, for now, it's better not to open a position first because the price of bitcoin is still worrying, but if you want to open a position, keep money management to minimize risk.

I personally would watch the market. For me the next bullish entry is above the blue line. Whenever it close above, it’s in a bullish phase.
https://de.tradingview.com/x/NY0rQLvO

I do not have the right answer but I believe that bitcoin is on its way to $100,000. Even if that will not happen this year, bitcoin can reach that in the next future. You can draw any line showing you the potential of bitcoin to hit that highest price but we do not know when that will happen and we can only hope that will happen this year. I would love to wait for that price and try to make more and more bitcoin so I will make a big profit and I am sure other people will do the same.

Actually there's a lot of happenings last year mate and bitcoin almost break 70k level wherein reason most of the prediction when it comes bitcoin price afterwards is road 100k..but unfortunately this year obviously there's a big changes, so perhaps we must make adjustment as well because on this current situation 100k is really too far from that prediction.

Can you tell me the changes for this year? Fundamental changes?

With the pattern I have looked, BTC is going more than 200K actually but it will be beyond 2023. Its inevitable that Bitcoin is going there. Its just a matter of time that we see 100k realized.

It is not however convincing how low the dip of Btcoin will go this year. The 38k pump this week still has given doubt to retail investors because of the unforseeable price in the bear trend.

It's possible and I believe that bitcoin will reach that price, it's on the way but the problem is there's no time frame when that will happen.
Maybe when there's a bitcoin next halving the usually bitcoin price goes up after that event. But as of now, I can't tell much because it's unclear direction which is there's no technical analysis alone can predict the market.

But if you applied fundamental analysis, bitcoin will surely raise because there are too many investors that has believe in bitcoin investment.

We just started the year, it's early to say that the correction has subside, personally I think the price will still go lower.

Same thing with $100k, it could be a hit or miss, remember there was one known model who predicts that bitcoin will hit $100k in 2021, December to be exact. And it seems the model predicts it almost perfectly until November. However, when December comes it's a different story. So what does it tells us? don't really on TA or those indicators.

Bitcoin price will definitely reach that price even more and only time will tell, I think bitcoin price is not easy to predict and all we have to know is bitcoin price will definitely go up after going through some declines.
I don't really believe in predictions and even though they are expert predictions because sometimes they miss because we will never know what will happen on the way because there are always things that happen unexpectedly that make predictions go wrong.
because I think bitcoin is for long term and also to be held indefinitely which is not affected by prediction.

You give a small hint, but the answers to the following questions are the necessary variables. What will it be? What will ATH be? Correction amount? -82%,-92%,-72% And quick correction? Or it will be slowly.

We have already experienced a 50% retracement, so 70k probably won't be ATH of this year. Previous corrections were very sharp and therefore we will see prices like 120k for short periods followed by a big correction in the price.

If we do not reach that price before the end of the year, all previous models will be useless in the future.

You do not really give a time frame in which this is to happen, do I think that the price of bitcoin will at some point in the future reach 6 figures? Of course, but when will this happen? That is the real question and since you do not really give us the time in which you think this would happen it cannot be called a prediction, after all it would be difficult to reach that price since now people are afraid to see a further decrease in the price, and this is not really conductive to reach a new ATH at the moment.

bitcoin can achieve that but it's too early to conclude for this year ,actually just last year bitcoin hit a new ATH and I don't expect more to 100K for this year because 70K last I think looks good ,bearish moment continues at least until the end of this quarter just say

From the am seeing Bitcoin this year bitcoin will find it very hard to reach 100k this year, from the starting of 2022 and ending of December 2021 the price of bitcoin has been shaking from one way to the other, i don't believe that the price will fall back to 40k to 37k all this was not my expectations for Bitcoin thiy year, we are into bearish but no one can tell when we are going out of bearish, their is thread i came across that analysis the price regulations of bitcoin through chat and years of accumulation and downfall, click to see @ ImThour { https://bitcointalk.org/index.php?topic=5383940.msg59133230#msg59133230}

One day the value of bitcoin price will definitely touch $100k but not this year maybe.
With this decline, we can also learn many things and we also can't easily predict the price of bitcoin to be able to soar immediately.
Because we also know that all this time we use bitcoin for the long term and maybe even forever, sometimes there are predictions that we can't believe too.
Even if bitcoin is expected to recover, of course it will also take time to rise gradually.

if you look at it since the first Bitcoin price has always been able to recover and reach new highs, I believe that.
The price of 100k has been predicted a lot since a few months ago but it never came, on the contrary we continue to be in a bear market for now, and we don't know for sure how long the downward trend in the market like today will continue even though there is an increase in the price of Bitcoin. in the last few days which was able to rise to the price of 38k I don't think it can be said that the bear market has passed.
New ATH will definitely come, but don't know when it will happen, sooner or later. we just wait.

To be frank those images you sent above aren't telling much unless for me or others that may find it vague. The first image doesn't indicate that it already holds the red line, we may see a monthly red candle
once again then holds it or if it goes green then I'd say we may past it.

I think the sentiment was still the $100k Bitcoin price and would hodl until I see it as well. WAGMI

That’s correct. It doesn’t tell much. Until BTC breaks the blue line, we are in a bear market (for me)
https://de.tradingview.com/x/YFvUV6bM
A monthly close under the red line isn’t a good sign.

In the last two weeks,the BTC price dropped to 34K and many forum members were asking "Where is the price bottom?Will the price drop to 30K or 20K?"
Now,the Bitcoin price went up from 34K to 39K and forum members like the OP are asking "Will the Bitcoin price go to 100K?" The psychology and mentality of the average Bitcoin trader/investor is so funny. ;D
Nobody knows when the BTC price will hit 100K and will it be able to hit 100K some day.Maybe yes,or maybe no.I'm expecting another price drop in February and/or March,but I'm pretty positive about the spring.

I think if it will have a long monthly green candle and breaks that blue line, looks like FOMO will kick in once again. Still on the sideline but been DCA these past days tbh.

Never gets old but we can't control these thoughts as much as the market. It's funny to think but we've seen these kind of threads way before but look at where we are now, we're above the 2017 ATH and I wouldn't be surprised if we see similar thread once again when we're above the 2021 ATH.

70k is also high i think, it will need a massive pump and a massive good news to reach that price this year, we reached 2 times all time high last year and it never happen in the history before if we want to reach another high this year. So i think we should just hold our coin this year and load up some more with free money ofcourse.
I would not surprice is there is another dump in the further this year because it's a buying year

I think it takes three months before the Bitcoin price made another new ATH after its correction last year when the price is on $28k. So I think February or March will be the month for Bitcoin if it follow the same pattern but we really need a massive pump and good news like a new institutional investors join and invest in Bitcoin that would create a FOMO.

The question now is, will it ever pump again or it's just going to bear market? Does the FUD is not enough yet to make the market dump more or it will go the other way around?

There is a possibility that bitcoin will reach $100k, if you look at the development of bitcoin in the previous year, the correction phase will usually make bitcoin stronger than the previous price, even reaching a new ATH in 2021, but if you look further, this possibility cannot be achieved in 2021. this, considering the market is back on the red track for such a long time,

Just because it was predicted before and failed does it mean it will fail again this time because maybe this time is different and it does not look normal if we will stay the same and we wont saw an improvement because the time is moving forward and there are good things that happened already like btc adoption.

I think this downtrend will be over soon because we have been on this for such a long time and an increase in the price of bitcoin is a good sign that we are going to take off soon. We do not know when the ATH will happen therefore it is best if we can prepare now by buying so that we wont get surprised and experience a regret.

Actually i am a believer that Bitcoin will be taking bitcoin to 100k or even a million , but what I am asking is when , so your indicator makes me confused on when this be happen and how? because the support for now are still slower compared to what 2021 brings us.

seemingly that bitcoin is still on low growth in the next months or even this whole year so best to judge the market depend on your capacity to risk and to invest.

Maybe, maybe not. Will we be there to witness it? Who knows?
We reached 60k by means of rich people investing in Bitcoin so it's obvious the market could sway on a higher position if we have more investors even small ones. All we could do is spread the gospel about it.
We might've reached it if not for a lot of altcoins that are being created that divided the money all over different places. Imagine if all of that money went to Bitcoin and just one competition.

Yes it possible for Bitcoin to possessed the height of hundred thousand (100k), but from your observations through the chart, do you think its something that we can realize this year or meet up, we have to know that the essence of bitcoin to get increased is determined by the strong bond of demands and supply, and what really affects this, is informations that is not cogent, a negative news from potential countries really affects market structure of bitcoin, actually we can experience a high increment of bitcoin and especially reaching to hundred thousand by endings of 2022 getting into 2023, i know vividly that bitcoin predictions never be accurate, but from chart you have to understand the preamble of it's future.

We had a big drop and price remained very low in $30k range that scared a lot of people (who are not buying back yet) but we never had a down "trend". We only had the big drop in a very short time. This is why I still think the bull market hasn't ended and the charts show the strong buy support is still there while a lot of money is waiting on the side lines to jump back in when they get the positive signal.

I don't think it would take until $50k+ (your blue line) for it to happen, all it would take is breaking $40k (closer to your yellow line) and price can start shooting up from there starting the $100k journey and beyond to $400k.

The price of bitcoin to 1Million is primary target to all the traders. But they fail to understand that, it takes time to reach such a mountain. It's essential to hold for the trading then sell at the low profit. People mostly sell at the panic.
The panic selling was the key tool for the dump in the market. People forgot to get the dump for the investments. Now the market is dump use for the essential investments.

How I wish it will be that easy.
If you take a deep look at what is going on with the economy then it becomes a big question on how people will get money to invest with.
Pandemic, being jobless, and there's the hyped coins which includes NFT projects and memes that divides all the capital that could have been all for Bitcoin. Free will, different options, their own beliefs that it will make them rich in a short span of time, all of those considered will make you hard to believe if ever Bitcoin will ever reach a high value. But I believe they will be back, this ain't new to us. Clue, ICO.

The price of bitcoin experienced a sharp decline at the end of 2021 due to a lot of negative sentiment that hit the bitcoin price movement in the market, now the price is in the range of $36,900 and clearly bitcoin is still very far from the journey to $100,000 right now, so it's better for us right now just be patient and hope that bitcoin will again get a positive price boost in the market and slowly return to being able to create new ATH.

We faced big decline by the mid of 2021 but bitcoin showed its potential to recover and to set a new ATH by October/November of 2021 which means we may have similar bounce back at any time hence how far away from $100 is definitely in significant for bitcoin market in my opinion. We just need to make use of currently available more than 50% discounted price before we get into bullish wave. Usually people never think about investing more when bitcoin available comparatively cheaper prices but go mad to buy when bitcoin trades around ATH. Bitcoin keeps giving out many opportunities but people never try to change their buying habits, it seems.

The deal is, 1 million dollars per bitcoin is probably not the deal for traders, it is for long term investors like me. If that ever happens one day then I told myself that I would get out.

I have enough satoshis that if I end up with 1 million dollars per bitcoin, then I would be able to both buy a house for my parents, pay their debts, and have a good life with my wife. That is right now of course, if it happens 10 years later, then I will have probably more than 1+ bitcoin by that time and in that case I would not only do these things but also be very rich as well, for me 1+ million dollars is very very rich and I wouldn't need money ever again.

Why not? I guess $100k might get there.

There are many indicators applied but will it create a new sentiment? Considering the price of bitcoin is still not stable and from the downturn it is still a bad indicator and I think it will take a little while for bitcoin to recover.

One day the value of bitcoin will be high and we will feel how $100k will go.

Dont take this as a smooth sail ride thats why its not really that a good thing that you would really be thinking that 100k would really be easily to be achieved but we know
that Bitcoin doesnt really fail to impress us because it did really have done lots of times on where unexpected things do happen but lets just not make ourselves
in a hurry because it would really just frustrate us when we dont able to hit or see on what we are anticipating because everything would really takes
time for it to be reached out.

The way I see it is you need to look at all the global markets. Right now price of oil is heading higher due to the Russian conflicts. Higher prices of oil, inflation will be higher. To curb inflation the rate will raise rates more than estimated. If that happens then stock markets which are already very volatile and week will tumble even further.

Where Bitcoin comes in is that it’s basically in the middle of all this. When people are panicking the panic will go to the stock market also. So it will sell off. Unless there is some stability into the stock market then I don’t see $100K anytime soon.

Stocks need to at least range or go up slightly for there to be a new ATH for Bitcoin. Right now i think that is months and months away.

Bitcoin is still in a critical area. Maybe we see some sideway action next weeks but BTC have to break above 44160 which is (for me) the next resistance zone.
https://de.tradingview.com/x/vpTRFOcG

Let’s wait some more days…

bitcoin currently still needs a strong push in the market to be able to break through the strong $40K wall, I think if bitcoin is able to break through the resistance at $40K maybe we will see bitcoin price going back to its bullish phase in the near future, hopefully no whales do that profit taking action this February >:( ;D.

Of course bitcoin will go more than 100k, it is been predicted to even reach a million dollar value but the only question is when this will be happening .
I know that there are many prediction in 2021 that bitcoin will make it there but what happened? this year subsiding down to below 30k lol.

I would rather expect this to come in 2024-2025 than urging this year or the next, the more you eager to profit sometimes is the more you will lose .

Had been waiting for this to come , how i also wish that your links are going to happen any time soon because I am in badly needed of funds and only waiting for the increase to sell for a while all my holdings.
though i can still wait for another years yet if this going to happen earlier then that would be great in my part and of course for other holders that trusted bitcoin to keep their funds even last year when the value almost reached 70k usd.

If you meant, "will Bitcoin ever get to $100,000?" I would quickly respond in the affirmative. However, the question of "WHEN" is what we don't know. Bitcoin's current ATH is around $69,000 before this dip. Historically, Bitcoin has been known to surpass its previous ATH by more than double. I don't expect the next Bitcoin rally to be any different. I expect a $69,000 X 2 in the next rally. Nevertheless, this doesn't mean that we should be reckless investing in it. Choose the right entry level, don't just throw in money to avoid buying high even at a time like now when we seem to be expressing the reddishness of the market. Look for support and resistant levels. Be conservative before buying in.

The only question left there is on when and if people can able to hodl then wait for that time to come since this discussion is really questionable. We see a huge dump happen so I guess what we need to see before that thing to happen is bitcoin should broke first the $45k -$50k price mark since if this one achieved by bitcoin then provably we can see better figure this year.

we have to continue to observe the price, it is the moment that there is nothing that has managed to take us below $34000 and this seems to me to be a strong sign that people are not willing to sell at $34000 or below this makes the price does not fall below $34000 and if the price does not fall below that level there will come a time when it will have to start to rise to try to break the great resistance that is at $69000, if we manage to break this great resistance we will see the price reach the $100,000

This is a natural phenomenon for the person that has been involved in crypto for a very long time because this is not the first time that they saw a long duration of correction like we are witnessing now but I think there are years on the past where this happened too but for the person that lately have entered, this occurrence can be foreign to them but lets not make a conclusion that they are all the same and they are all got turned off from this situation but there are those that developed a mindset similar to the old people in crypto.

No movements in price can be a blessing in disguise. They will think that bitcoin is starting to became stable and they will now adopt it.

You can't expect the price of bitcoin to always be bullish because bitcoin is very volatile. Meanwhile you can expect profit from the fluctuations but don't ever think if bitcoin doesn't manage to recover after the correction it is the start of a relentless slump. This is not a crisis situation for bitcoin as I have seen its price drop by more than 50% of ATH quite often. During 2021 to date we have seen evidence that the bitcoin price has fallen by more than 50% by 2 times, and that is a fact.

What we expect now is a price recovery, this should not happen in the short term while others can wait in the long term. If we go back to ATH 2017, then bitcoin has experienced a decline of more than 80% after ATH 2017 where in December 2018 was the lowest price, if I'm not mistaken.

But now, $40K will soon be reached.

Here we go https://de.tradingview.com/x/CbkuB4yp

In short, people should really be that realistic on what they do hope and what they do wish for because $100k might be that not far but this would really be still a bumpy ride and if you do make yourself

get rushed on seeing this 100k value number then you would really become impatient which might really affect your investment decisions which would really be bad.
This is why its better to mind off on how to make profits while we are heading into those number.It wouldnt really be that fast or be done in short time
and this is an realistic approach and people should follow on.

Sure, it is possible but the question is "when it is"?
There are too many predictions about Bitcoin to go $100k, but no one has stated a definite time regarding when it will be achieved. I believe people understand that Bitcoin price is trullly hard to predict lately because of too many factors to influence the market trend. If we only have positive news about Bitcoin/crypto as a whole, then I can agree that Bitcoin price reaches $100k just in a few months or 1 year only. Unfortunately, in reality, bad news always follows the market trend such as banning crypto from China and Russia. This suddenly ruins the people's dream about Bitcoin to have a value of $100k.

It looks like the bitcoin price is starting to recover because I saw bitcoin's movement starting last night until today leading to bitcoin starting to reverse towards the $60k figure again, slowly rising until today it is at 41,550.24USDT and this is good news for us  all.

That is good to see bitcoin finally back to $41k so our hope becomes bigger to see the price will still rise.
People are trying to buy back at this price and just hope they are not late to join with the train before the price moves better than before.
Achieving $100,000 is on the way but we should realize that will not happen in a short time because there will be many times for the price to have a correction in the journey.
So you can just wait and still try to buy back if you want or just sit and watch the price break the high price.

an Hour after this post of yours? bitcoin made its climb and now showing strong movement at 41k and above https://coinmarketcap.com/currencies/bitcoin/ with 10% increase in the last 24 hours, showing the highest increase from December 2021 . so 100k? not now mate, there are so many obstacle that needs to be broken and the most special thing now is that war incoming in russian and ukraine territory .
so this maybe another Whales act of manipulation or this is the real thing .

Isn't too Early to talk about this? we have discussed this more often last year when the Super Bull is there but does not enough to break so I think we must stop asking or seeking for this nowadays .
as the bear is covering the market? i believe that we should experience super bear first before this great climb.
lets see in 2022 or at least upto 2024 to find if this 6 digits value will be finally taken , as we are all praying for this to come.

And here we go again, the panic buying at its finest. It only took a couple of hours to go from $36k to $42k as they started to buy a little at first but that causes a ripple effect and suddenly we have a big green candle on the charts where we are now seeing $40k+ prices. Just like that.

Today could be interesting, I'm curious whether the panic buying is going to continue and we can see much higher prices (maybe break another resistance) or a slower rise to >$50k price.

It is not clear to me why this rise has occurred, or if it is simply short-term volatility with no clear cause. I'm not bullish for this year after last year's unfulfilled expectations, although with Bitcoin you never know, with a few sessions up over 10% we'll be beating the ATH in no time.

yes i agree with you. too much to discuss bitcoin towards 100000 $. By looking at the current chart it seems a bit difficult to reach the value mentioned above. We often discuss the current bitcoin price, but for the discussion of 100k it is impossible for now, I think by looking at the 4 year cycle of btc, we should just wait in 2024, will it reach 100k.

Although I don't know why, but I'm quite happy to see bitcoin today experiencing a price increase and being able to break the $40K price resistance, the increase in bitcoin prices in the market made a number of altcoins also experience an increase and of course this is good news for those of us who enter when the price dips a few time ago.
If bitcoin can continue to maintain positive price movement as it is today, of course we don't have to wait for 2024 to see bitcoin reach $100K, positive price movement like now may be able to trigger bitcoin price to reach $100K later in this year, but with bitcoin terms are getting a strong boost in the market.

The length am seeing this everyone is lamenting is a bull run, really bull run has taken place yesterday and today a little way, but let us not to be surprised that after this movement of increment can retrace again because the market will be stabilize, actually 2022 wants to began it's step increment, but I'm seeing it's too early, many of the coins currently are in green colouration.

At least this will take place, i would rather choose to see  a slower climb to 50k than a quicker pump and then dumping back that will cause us to be in bull trapping again . but yes the market seems to show us greening today and hope to have more in the following weeks.

______________________________________________________________

 Either 100,000 or 50,000 it doesn't matter what we all wanted is to see a climb but constantly growth ? nope there is no such thing .

The problem is that we do not really know, the positive movement that we have seen is great and all but it seems more like a positive correction more than anything, so I do not think we can conclude from it that the price will begin to go up as it did during the previous years, however even if that is not the case and the price remains close to the current levels for years that is not so bad at all, as that will be an incredible buying opportunity as I think that reaching 100k during the next bull run is a given.

nowadays, Bitcoin goes to $100k more sense than Bitcoin goes to $10k

just watch when Bitcoin hit $31k, lots of people bought it and made the price go up again

now Bitcoin has become the most valuable asset (beyond gold) and has a maximalist who is ready to make the price of Bitcoin continue to rise when it drops ;D

We can just compare the past in today's situation and make it a basis to what possibly happens in the coming days, weeks, months, or years. The market eventually changes from time to time and that was difficult to predict what gonna happen.

That never works in reality. We have to remember the volatility of the market and no one had ever seen which direction the market goes. I don't weigh that much but you can still make use of it for the analysis however, never expect that it will happen.

BTC isnt going to make 100k this year, I said as much last year and I still think more work is there to do.   The reason being in simple terms, the rise upto 100k should not be a perfectly straight ramp up but more of a spiral ascension.
  Ironically the more bumps and levels we put into the price as we gain,  the build is more structurally safer; the more likely we hold those levels long enough that all and any can benefit from that appreciation in BTC worth.   A fast rise up excludes too many people and it actually does harm not to halt on the way as it also means a fall back down is far more able then is best for long term stability and confidence; in short 100k in 2022 would not be healthy imo.

Also you could relate it to Dollar which has only just topped out (https://talkimg.com/images/2023/06/12/AkGuZ.png) in its trend, to see a far higher peak in BTC expect that DXY trend to be at its diametric opposite making a trend low on multi year measures.

I wouldn't say that, when bitcoin goes into a deep bear market, who knows maybe $10k is possible. But I do agree that it is one of the best assets, and I do hope that investors will see it that way even though it's a market that is very volatile and works in cycle (bear/bulls).

But I would say that $100k this year is near impossible, unless there is a surge of investments coming from different financial markets, like gold and stocks and even oil investors suddenly shifting their billions to bitcoin market.

If we consider last two days chart we can say that Bitcoin would rally towards $100k but if you look at last 2 months chart then it will drop. Now it's been two days since bitcoin has crossed $40k and if it sustains to stay over this mark for an extended period of time and rally towards $50k then we may consider bitcoin hinting a new ATH. But on the other hand if it stays around $40k and gradually reduces then we should be ready for one more bearish run. 

It's still too early to conclude that Bitcoin will go towards a price of $100k, we really have to see the development of Bitcoin's price again.
There's still a lot of possibilities to come, so we have to stay alert, there's an increasing possibility now of manipulation from the whales.
So we will have to see the price movement of Bitcoin in at least the next few weeks, whether the Bitcoin price will continue to rise and reach
the price of $50k. If it turns out that Bitcoin manages to reach the price of $50k, it seems like a sign that Bitcoin prices are bullish again
and there is a possibility of reaching new ATH this year. But we must be optimistic that Bitcoin can reach a price of $100k this year, at least
it makes us more motivated to continue collecting Bitcoin.

It is actually very clear to me why it happened. It is also very simple. It is a reverse bubble popping. Just like bubbles when price crashes out of an unrealistically "high" price, in the reverse scenario price jumps up from an unrealistically "low" price. This is what happened here and we have to see a couple of other jumps before the reverse bubble is properly deflated.

Here is another reverse bubble example from 2020 and 2021 and 2018: https://bitcointalk.org/index.php?topic=5339896.0

Bitcoin is above 42K now and its going up gradually which is good for stability in market. I love to see organic growth in its price not parabolic which invites huge selling. The new weekly candle is green  and hope it will close above 45K. many prominent analysts are  predicting that if Bitcoin has to hit 100K in 2022 the we should see its price above 53K by the end of February, 2022. Let's watch and wait how Bitcoin plays out during this month.

Indeed. I've even started seeing chatter about the "healthy" growth (I've even seen the word "organic" now) of the past couple of days that proves the bears are all done. Ignoring that over 15% spike in a few hours is anything but healthy, and ignoring that demand is suddenly popping up from nowhere. It's always panic selling and stupid noobs when the market moves in the opposite direction but when we're in an uptick, everyone's a genius for rushing in.

Woke up to about 2% surge, so I suppose this is a relatively slow rise.

Bitcoin touched the yellow line which is also a resistance zone. It have to break this area to continue. As I told befor. https://de.tradingview.com/x/oymaqduL

I would guess that people who are happy to see the situation doesn't want to see it end so they are fooling themselves to think that everything is alright. As we all know these big sudden increases could always mean a bad thing as well (like a dead cat bounce) or it could mean that we will be 70k+?

Who knows, anything could happen in the crypto world and we wouldn't be able to actually feel it coming beforehand, we could "sense" something is wrong like we are doing right now but we will not be able to predict it with 100% correctness.

I could say that it will go down and be right for now, doesn't mean I will be right next time, or I could say it will go down and be wrong even right now and it will skyrocket to higher prices. I would suggest people to just make sure they know what they are doing and do not get too much hyped and not fool themselves into thinking something silly.

This could be the starting point for the next quest of Bitcoin to reach the $100k level. Yes, the slow pump of Bitcoin are way better compare to instant pump that will also dump later on, I prefer a trend like this. Luckily, I was able to buy some on a lower price, now I just need to wait for the price to rise again, I can see $50k before the Month end.

That's how the market works, there are times when it strengthens and there is also a time to decline, bitcoin's journey has gotten better in the previous year until now, we can pay attention to the market its journey, bitcoin's growth is getting bigger, people's interest in investing is also increasing, this indicates that bitcoin is growing, I'm sure the price problem will get better in the future, when the correction recovers and is on the green line.

On paper 15% spike is not healthy but when you also consider the situation that led to that spike you can see that it is not only healthy but expected. Essentially it is like when price suddenly drops down from a bubble. That large drop is not unhealthy because the initial high price (peak bubble) was unhealthy so the drop is making it healthy.
The recent below $40k price was itself unhealthy so the price had to jump back up to make it healthy.

#reversebubble

Actually, I think people fool themselves regardless of the market direction. If it's severely down, then it's a floor, if it's suddenly up, it's a rally. Speaking for myself of course. March 2020 I had faith and had it gone down even more I'd still have faith.


I can go for that. Woke up today and it was 22% up from 5 days ago but price seems to have retreated slightly now after an impressive 45.4k mark. This looks like it's got plenty of legs. I still prefer above 40k for remainder of the month as a better indicator of health, but things looking up now gotta say.

although it is slow, but if there is clear certainty, that is what we are waiting for because at this time bitcoin is indeed difficult to predict its movement, even though it has increased but will quickly fall again.
hopefully the chart that you say will make bitcoin will be able to move more to increase again, and hope that the events of last year this month can happen again and we certainly hope that.
if last year was able to reach ATH $ 69K hopefully this year it can at least go a little higher.

It is unlikely that we are going to see something that dramatic happening, most likely what we will see are proxy wars, Russia could at some point invade Ukraine while the US gives armament and intelligence to the Ukrainian resistance, however this is going to be enough to create huge volatility in the markets, and what is even worse is that I think the attempts to regulate bitcoin will become even more fierce as governments will want their sanctions to have  an effect, and bitcoin can be a way to sidestep those sanctions.

Lows of today were the 50 day average, keeping this below us is quite bullish.   I'll post the brief range we have kept, 4hr bars its not a bad place to decide us in direction, if we fail downwards it will take much longer then managing to resolve upwards towards the yearly averages where a bigger fight must occur I presume.
https://talkimg.com/images/2023/06/12/AknkD.png

This is why btc market a very interesting one. Because even if analysts laid out their predictions, you can never be sure about the actual performance in the market.
It is good to see people giving out their charts and analyses, but still no one can exactly predict this volatile market.
Maybe this is due to the fact that there are so many factors contributing to this market, and some factors are yet to be seen.
But if you are the one making the analysis for long time, and your predictions are near to the reality, you can use it to your advantage and increase your portfolio.

Second day and Bitcoin wasn’t able to close above my yellow line. We still have a bullish momentum but attention is needed. https://de.tradingview.com/x/AxnMau0U

I am also looking for momentum to stay on track , there are chances that w may hit 50k again but it doesn't come that close for the last couple of weeks.
Bullishing seems to be in our position now , look at the market for the 7 day period we are still greening .
so Bitcoin may Hit 100,000 any time soon if we continuously break the ATH of 68k and make its way to 75k this soon.

actually even the bitcoin boom reached the price of $100k it's even been around since 2020 and all are based on their increase but in the end all can only surrender to the situation lol.
Bitcoin will indeed reach that price whatever happens now bitcoin will definitely reach that price but it will take time with the market being very unpredictable and volatility moving so we can only wait.
when it says year i actually want to see them in that $100k this year :D
But if you still can't, of course it won't be too much of a problem for the following years because this is certain, but it takes time

When was that.........do you really know about Bitcoin to $100k level, tell me, day/date and year for $100k.

My understanding, What is never talked about, that is what will happen, Bitcoin is anonymous, although Bitcoin could go as high as $100k for the next 5-10 years, but never serious people who get profit when Bitcoin is at that level, investors, entrepreneurs no one wants to save their money which is not sure, even if that is the case, they prefer to trade money spins every hour and day, So no wonder Bitcoin is going to the $100-500k level.

How about you, have you bought Bitcoin now and are waiting for the price of 100k, how many coins do you have, are you really patient and hold on to $100k, how much time do you need to wait.

I started buying Bitcoin 2017 at $400. sold some and switched some to other coins. And yes my personal target is the 100k. Maybe I sell some to have some fiat for financial freedom and traveling around the world. I don’t think we have to wait the next 5-10 years. We will see this happening this year I think.

It definitely does look like there is going to be some sort of situation where it is really doing fine. I can't say if it will be 100k or not but I can say that it is definitely "looking" that direction. That is good enough for me, even if it fails to reach to that level, I am very proud of what we have achieved so far and I believe that we will keep going this way and we will reach to a great level.

I do not know what we will achieve soon, but I know that it is going to be something decent and we will all live with that for a while. Lets wait and see how it will look. At the end of the day even 50k is good, and that is what I am after, people are feeling too much "either 100k or it doesn't worth it" style and that is not good at all, people should stop feeling that way.

I truly appreciate your submission I do believe that Bitcoin is  on it way to $100k no doubt, but are we going to see the Bitcoin at $100k is the most difficult things for any price speculators though Bitcoin is actually on it way. Remember that Bitcoin is not going to be on the straight increase in value till it reaches $100k without redress no to that because Bitcoin value is influenced by the forces of demand and supply.

Be careful what you wish for, I mean if we go hit $100k is just short amount of time, we could be in a bubble phase and it could burst anytime soon, so it's not healthy.

So it's better to have a steady growth in prices, for me it's better if we are not going to get there this year at least. Might be good to just see the price below that 6 digits while we accumulate at this year and still buy cheap bitcoin to fatten our wallet. And then wait till the next real bull run, not artificial one this year.

Its not going straight to 100k, I dont fear this as I think markets are not primed to boom in any plain way like that.   Right this moment we are falling below the 2 day (https://talkimg.com/images/2023/06/12/AkHDj.png) average, we have to check first if price action can stay above 43k and if not that then 40k might be the downside target for this month.   I dont know that will happen but its possible and I do expect challenges that cause net selling to appear.  100k could be 1 or 2 years away but still its very optimistic to have on the horizon even.

Bitcoin is currently back in the $44K area after the last few months experiencing a correction to the $34K area. The increase this time is a bit of a breath of fresh air for some people who are worried about falling prices in the last few months. If the current upward trend in price continues for the next few months, then we will most likely see bitcoin price reaching $100k this year.

The current state of Bitcoin is much better. Bitcoin has some support levels. If these levels go down, then there is a possibility of price reduction. However, the price of Bitcoin has dropped dramatically. He also recovered in a few weeks. But I don't think Bitcoin will ever go to 10K. I think it will be 100K by 2023. I think there is a possibility of a good pump at the end of this year.

Don't you this Bitcoin hitting $100k this year as you believe will likely course a bubble phase that could burst any time soon and do you think your time frame of this year is too short and not healthy enough that will not course a burst.
If you are waiting to see the price of Bitcoin below 6 digits so that you can buy at a cheaper price then you may end up wait in vain as that may not happen again.

to dream of a price of $100k first we need to see the price, we will break the $70,000 and only after that can we dream of prices of $100k I say that because we are still in an indecision zone, we do not know if the price will rise or if it will fall back to the $34000, everything will depend on the next days to know the next movement that the price will follow

I think the same, it is exciting to see the price of bitcoin going up very rapidly but when that happens then it is obvious that we are in the middle of a bubble, and once it pops out things can get really ugly, this is what happened in 2018 and the market needed years just to recover the trust from investors, so it is better that bitcoin keeps growing at a steady pace as this is what attracts large investors, and not those sudden pump and dumps we see in the market from time to time.

We're almost there and almost reached $70k but the fun was too short and the correction has happened.
I agree, the market got into a dip today and we don't know if this will continue again even below $34k. As for the expectation that it will reach $50k, I guess that it won't be that easy for us to see it like that. Another weekend of dips maybe but by Monday, we'll see how high it will recover.

Too big to fail and go to $10k in just a short amount of time, if $100k is first to be realized I think $10k will not be seen anymore considering past bear we got -80% correction. If we gonna be seeing the $100k valuation then we need to have more market cap from here on out maybe 5x from the current market cap. The sentiment was still here and that's the 6 figures Bitcoin valuation. WAGMI.

Bitcoin is going to $100,000 & much, much higher. The only question is when that will be. I can close to 100% tell you that it will be before the end of 2025 but I can’t be any more specific than that.

I do agree, most likely when we are in the next halving, after that maybe we can see the price going to $100k or more. Although there was a lot of noise of hitting 6 digits last December, and everyone is positive that we will reach it, wasn't meant to be at least for this cycle. So most likely it can be reach next bullish cycle which will start in 2024 and then a bull run of epic proportions up to 2025.

The tendency of Bitcoin reaching such mark is possible and that will definitely happen sooner or later. Every crypto enthusiast know so well that the price of Bitcoin is always on a rollercoaster ride, and in every deep/price correction, there is always a new ATH ahead. The year 2022 is still very young and tender, and within a week period a new mark can be given when it comes to the speculative nature of Bitcoin.
That being said, the price of Bitcoin is currently on a range level, and the correction process is still going on, to find a good mark for support and the next bull run. I hear most people saying that this might be a long deep, looking at the lows of around $20k levels, if this be, then we might not be expecting the $100k mark this year. So, until the correction is over, we might no be seeing the $100k ATH, and the entire market will face it.

That sooner or later Bitcoin will reach the price of $100k is certain for me. Many people, including experts, have announced that it will happen in 2021. Unfortunately, this fact is taking longer, but I think it will not be a problem for the new ATH of $100k to be achieved in 2022. If not in the first half of the year, I think it will almost certainly be at the end of the year.

True. We might have to sacrifice more .. to reach that new all time high , to fall even worse than back to $10k for instance , i still believe that worst moment will always haunting us , you just never know the biggest crash ever could happened while people think confidently that the price might go to $100k with bullish chart formed but the situation directing the other way around.

Beware just beware , there is a lot of possibility and the biggest crash ever in bitcoin history could still there waiting its moment , watchout.

The price of bitcoin will definitely continue to rise and even exceed that price by going through a long process for long-term goals, so if that's your goal and for the long term. Never feel afraid because whatever price you want will definitely be achieved.
The most important thing is to live it consistently and have strong patience because bitcoin is for the long term and for your brighter future, bitcoin is not easy to predict although experts predict not necessarily accurate because changes can occur unexpectedly.

It is always hard to predict exactly when can bitcoin reaches 50,000$ or 100000$ ? Usually, when everyone expects bitcoin to move up, it rarly goes in the direction of the anticipations by the majority. Bitcoin usually suprises us and move unexpectedly. When bttcoin reach 4000$ in March 2020, no one would have thought that it can reach 69K in a years time only.
I never make up my mind on bitcoin targets as when they will reach them but i know some day bitcoin will reach 100000$.

the halving will come in 2024 so yes it is 2025 that the 6 digits will be reached and finally broken , but till that happens let us prevent from expecting too much.  because you will only receive failure if expecting that high when there is no valid reason.


and if you cannot afford to wait long then best to trade in altcoins and not for bitcoin because this is a more expecting coin than hyping .

Your prediction is a pessimistic one. BTC has the potential due to its decentralization and privacy. If it continues to gain acceptance among multi-national companies and countries, then it might even hit that $100000 mark before the year ends. 

Prediction about bitcoin is so hard for anyone. Uncertainty is always there but we have to move on. It is true that bitcoin can reach $100000 because it is a decentralized coin and point to be noted that it has a lot of potentiality.

History already tell us that, 2020, we seen the price hitting all time lows of $3k, and many are afraid that it will still go down because of the corona virus. But last year we hit a all time high of $69k. So in just a matter of year, the price move so up that everyone was not sure that we can achieved it in just short amount of time. And that's what we like about bitcoin, so volatile and yet the chances are high for a huge returns in the future.

In my opinion, the chances of bitcoin breaking the $100k price level this year are pretty tough. Until now the price of bitcoin is still experiencing a very deep correction since the ATH level that was broken last year. Maybe if the bulls continue in the next few months, the bitcoin price target will be reached in the $75k range.

there's a big a difference now on this situation wherein unlike last year bitcoin is really near to break 70k and the structure is very fine.

And now seems all those positive sign disappeared because bearish occurred and alot of correction happened in the market..
probably its possible to happen unless market surge again constantly, i mean another 2 consecutive ATH after breaking thus resistance because surely that 100k is easy to reach within this year.

Something is wrong with either your date of entry into BTC or the BTC price that you entered into bitcoin.

Accordingly, bitcoin was not $400 in 2017 and the lowest it got in 2017 was about in the mid-$800s, but only for a short period in March-ish.

As any of us can look at the charts, bitcoin spent a damned high portion of its 2015 in the mid-$200s, and then at the end of 2015 broke up to $500 in November and then corrected and got stuck largely in the lower $400s for the end of 2015 and for the first 5 months of 2016.. and at the end of May 2015 when BTC prices broke above $500 and then went into the $700s before correcting again, never really saw $400s again -even after May 2015... except for a very brief crash after news of the Bitfinex hack in August 2016.. and that Bitfinex crash ended up in the lower $500s as the wick down rather than getting into the $400s.

Can't really disagree with your having a kind of personal price target, but I would question anyone who believes that they are going to shave off large portions of their BTC - whether we are referring to doing that at $100k or some other price point and then either consume with such value or presume that there might be some better place to put their value outside of BTC.  In that regard, it seems better to consider incremental steps to shave off some value from your BTC holdings whether you plan to consume with it, invest in other assets or reinvest in BTC upon potential price drops (that may not end up happening) or some combination of those tactics.

Your seeming assertion that $100k would serve as some kind of magnanimous price for BTC seems to be quite short-sighted...

Sure in the short-term, BTC may well have some troubles getting to $100k, getting above $100k and/or even staying above $100k in the short term - such as 1-4 years, but it seems quite likely that in the whole scheme of things, $100k is not really that high of a price for bitcoin considering what bitcoin offers in the context of other possible options - including the fact that bitcoin is likely facilitating the largest wealth transfer that man has ever seen, but the fact that we seem to still be in the early stages of such great wealth transfer it is easy to get confused about what is going on, how we got here and what is likely to happen in the coming years.. whether we are considering shorter timelines of less than 4 years or longer timelines such as 4-10 years, 10 to 30 years or longer timelines. 

Our investment thesis can attempt to account for each of these kinds of variations in timelines, and of course, the more urgent considerations should be concerning both what we are doing in the shorter timelines and also what we consider BTC's likely path (maybe as compared with other assets and also concerning our own financial and psychological circumstances) in the coming 4-10 years.

I know that people like to get all caught up with BTC tops, and surely, I am not going to fight those inclinations, because they can serve as decent and meaningful opportunities to shave off some value.. but it does seem to be problematic for BTC HODLers to shave off a large portion of their BTC holdings when BTC still serves as a great place to hold/store value in spite of its likely inevitable ongoing volatility.. while at the same time there are likely ways to attempt to insure ones portfolio and also to consider BTC bottoms and bottom potentials in terms of ongoing financial and psychological preparations and practices.

Even if the more bullish of scenarios do not end up playing out for BTC, based on current circumstances, it still seems prudent to engage in some level of preparedness for such more bullish scenarios, but it is up to each of us if we believe that 1-25% allocation into bitcoin is a good place to start, and of course, if we have been in bitcoin for a while (let's say 4 years or more) then our already appreciated BTC holdings would likely affect how we consider the whole allocation matter  - and the fact that bitcoin continues to be one of the best asymmetrical bet opportunities for anyone, whether they recognize and appreciate such great asymmetric bet opportunities or not.. including that these days (relatively speaking) it is not even that difficult to figure out some ways to get exposure to BTC's price.. even though the various ways of deciding self-custody versus holding coins with a third-party can have some difficulties in terms of learning best practices that would likely involve some level of self-custody and putting those better practices to play.. and that part can be complicated for a lot of normies and newbies into bitcoin.. so in that regard, there continues to be expressions of ongoing hope from a lot of us longer term bitcoiners regarding developments to make bitcoin more user-friendly and to increase the various user-friendly options to the extent that is feasible.

Since the last few months bitcoin has experienced a very deep price correction from the price of the ATH level. But right now, the bitcoin price has continued to rise until it has risen to the current $44k range. Therefore, if the target price for this year is $100k, then I think it will be difficult because to reach the target price of $100k there needs to be a long rally and strong support from the crypto market. however, if the uptrend continues, bitcoin could hit its $100k price target at least next year.

More positive news relative to bitcoin is taking place around the globe. Even at the worsened war situation, countries used it according to their need to overcome financial difficulties. The price which fell once after the start of the war started to progress then after specific time period. Now after a month of war the price have broken several resistance barriers.

Today the Russian Prime Minister have revealed a statement, it is time to integrate bitcoin and crypto into our economy. This will turn to be controversial as well as a key factor for bullish move. More of the positive things increases the chance of $100k at the earliest.

You must be new here.

Constantly good news from the Russian side: Russia considers accepting Bitcoin as a payment when selling oil and gas to their friendly countries and now they are ready to adopt bitcoin and crypto in the economy their. I hope bitcoin will hit 50k in april and no further drop this year.
100k$ its not difficult with bitcoin but certainly not this year it will take one more super cycle for bitcoin to hit 100k$.

Bitcoin being made by Russia as a medium of exchange for oil is one of the biggest news in the crypto world. we know that after entering the top 5 countries with the world's largest oil producers and having huge transactions, with this adoption by Russia we will see a very large domino effect, it will take Bitcoin to $100k.

I am having some troubles - especially with your last line.

You are recognizing that BTC prices are not far from $100k.. but also seeming to suggest a need for some kind of exponential event.

Remember BTC prices have already made it to $69k.. and thus $100k is ONLY about a 45% increase from that $69k price.  Yes, we are currently at a bit more than $44k, so $100k would be right around 125% price rise from here...

Yeah, such price appreciation up to $100k would not be a cake walk,  but I would not presume bitcoin to be incapable of decently correction minimized price jumps of 5x-20x within relatively short periods of time.  Current market cap does not cause those kinds price runs to be out of the question, even if such price runs are likely to be lower chance events... in other words, it seems that people who speculate about $100k as being some kind of outrageously high price for bitcoin in which everyone is too rich to sustain it, seem to be failing refusing to recognize that people had similar ideas about $10k - especially in 2015, 2016 and 2017.. and even when many faces were melted.. bitcoin got to $10k and even doubled $10k for a short period of time without a whole hell of a lot of effort - even though it took another 5-7 years before $10k became a not too likely to be seen again bottom.... good luck to anyone still waiting for BTC prices in the $10k arena, even though not that long ago, $10k was a pretty difficult to imagine price for a lot of folks - beyond the seemingly bitcoin delusional.

Of course bitcoin can go $100k but I don't think if this year will happen because it seems bitcoin is not ready yet to reach $100k, it's still struggling to recover and the market is always bull trap.. I agree with your indicator that in 2023 bitcoin will reach $100k..

Bitcoin is being adopted by Russia is truly a good news but that's not alone because there's also bad news and that is they can't use it for now because they are currently in sanction. They cant export oil and crypto transaction coming from their country is also said to be blocked. Metamask wallet and as well as other crypto exchanges have already taken a step with this.

50k for btc is more possible, btc will only need 5k more for it to come true but for 100k? Hmm I am not sure with it for now. First, let see what the month of April brings to us but usually good things will happen to crypto by start of the ber months i.e October and onward.

Bullish market will soon come despite that the market of cryptocurrency now is changing from red to blue color and i know well that cryptocurrency will recover it market, but people is saying bearish is taking over this year in cryptocurrency since it doesn't change from dip till now

who gives any shits about shitcoins.. we are talking about bitcoin in this thread.. .. in that regard.... surprise  :o :o :o  we seem to be getting up rather than down.. go figure?

By the way, it remains quite likely that the UP portion of the 4-year cycle has still not played itself out.. inspite of bitcoin naysayers hoping that the UP is over.. or possibly newbies are prematurely asserting that the bull-market is over, and going so far as to proclaim a bear market when there is not even close to enough evidence to support such an assertion.. especially since we already had two 50% plus price corrections in the past year... so it seems like nearly a pure dream to be proclaiming continued drops past what we have already seen - especially those folks waiting for either below $20k or lower $20ks.. and we barely experienced mid-$30ks in our most recent price drop that reached its bottom on January 24th.

At this point, surely it is difficult to get too smug about the $32,951 bottom of 1/24 as being in.. but we surely are getting close to having greater and greater confidence that the bottom may well be in.. around 50/50 at this time... so hoping, praying or expecting for further down is getting further and further from likely, so those who have sufficiently/adequately prepared for UP are likely in a better position at the moment.. rather than those holding onto their dollars and waiting for lower BTC prices (worse for those who sold BTC during this correction especially in the mid $30ks and expecting to buy BTC back lower.. there are some of those for sure).

I would agree, but I don't think it is all too much about the "if" here. Rather about the "when", taking into consideration shenanigans as they are about to be approved by the European Union. I think that does slow down the almost inevitable increase in Bitcoin's price on its way to 100k. Making unhosted wallets such a pain in the ass is bad and will slow down adoption. People here might know when and if to pass KYC and so on. But those from Europe who are new to crypto and like the idea of setting up their own wallet and play around, if they now have to go through KYC for every address they set up for themselves, that sucks so much!

Aren't we even well advised to set up new addresses frequently in order to preserve privacy? Now you soon might be forced in the EU to get them all verified, Imagine the hassle! I repeat myself, but I guess that is a pretty big bump in the road to 100k. :(

The whole KYC thing has been here for a while with normal bank accounts.

IMO if you can vouch for the source of your coins and the fact that you've paid taxes on them, then there's not a big problem. If countries can tax crypto and prevent crime then there is no reason to stop it's adoption as legal tender.

But yes if you got them from ISIS, selling drugs or hacking MtGox then it's going to be problematic.

And I agree that it sucks if you have to jump through hoops to be able to buy/sell your funds.

I am not sure in how far you are aware of the details, but Brian Armstrong laid them out pretty well on Twitter and doing some research on that, it's true what he writes. It is as if you would have to show your ID card for every single transaction that involves cash. Even worse in crypto, you have to undergo a KYC procedure for every wallet address. Every transaction from 1000 Euro onwards must be reported to authorities, even your rent payment. As Armstrong says, even if you send your cousin who suffers from an emergency some money. It is pretty crazy if you ask me.

Proper blockchain analytical tools might be much better here. The examples you mentioned probably involve a little more money and the ordinary Joe could still live an ordinary life. Transactions or transaction clusters involving ISIS are probably exceeding 1000 EUR slightly. Even if smartly funneled, I guess analytical tools could catch them while still allowing other, law abiding people to transact with one another without getting X-rayed permanently.

To me this is going too far. It won't stop Bitcoin, but I stick to my statement that it could slow down adoption by quite a bit as I don't have to go through all the hassle if I stick to fiat.

I doubt that there are as many straight line factors to determine bitcoin's price as you seem to be expecting, and in some sense, the European Union may well be attempting to shoot certain kinds of precoiners in the foot - and also to drive private use of bitcoin underground, and perhaps they are going to have to start to imprison and start killing bitcoiners who are privately using their bitcoin to put their legislation to the real test regarding if normies are actually going to be following their attempts to impinge and control bitcoin.  In other words, attempting to drive bitcoin underground also has effects to drive bitcoin out of Europe and into other jurisdictions, and are you going to presume that other jurisdictions are going to attempt similar types of legislation?  Perhaps?  

Perhaps bitcoin is going to be driven to various "3rd world" locations (or "2nd world") that are not inclined to attempt such restrictive measures.  Sure, bitcoin is an evolving phenomena, and we are not going to have exact examples, yet I consider China's late 2016 and early 2017 efforts at locking a lot of their population out of bitcoin (by disallowing them to remove value from exchanges prior to KYC) to have had caused a certain segment of their citizens (those who had value locked on exchanges and unwilling/unable to venture outside of that) to have had gotten screwed out of the 2017 BTC price run.   You can argue that bitcoin suffered for that removal of liquidity, but I doubt that the evidence really supports any kind of meaningful claim except for some Chinese citizens having had gotten screwed by their government.

I believe that there are other examples such as Nigeria attempting pretty strong crack-down attempts on bitcoin, but overall Nigeria still has pretty large bitcoin adoption and the people getting mostly screwed are the Nigerians who are trying to toe the governmental line.. and similar arguments could be made in regards to the USA and Canada in terms of some of the citizens getting scared from buying bitcoin because they get scared about various threats from some of the lawmakers.... and they fail/refuse to invest, and really end up screwing themselves.

I believe that there are some earlier European examples that attempted to go in the more restrictive direction, and they largely end up scaring only a portion of the bitcoin community, and so there are going to be trade offs in terms of HOW BIG the European Union wants to strive to go, and the extent to which other jurisdictions might copy cat them or if they are scaring bitcoin usage into other jurisdictions and end up having little to no effect on bitcoin's price.. and surely in regards, to bitcoin's price governmental efforts to suppress or control it will ONLY be one of the factors, and it seems that overall low levels of Bitcoin adoption (still quite below 1%) is likely going to continue to have large effects that will likely offset Government efforts, unless the governments cannot muster enough will power to start executing bitcoiners, and I doubt those kinds of tactics are going to go over very well with bitcoiners.....

So, if your Bitcoin investment thesis is being suppressed or curtailed because you are fraidy cat of BIG bad government, then I would argue that you are likely screwing yourself more than anyone in your failure/refusal to sufficiently and adequately prepare for UP prices in bitcoin, whether $100k comes in the coming months or it takes a few more years to play out... If you do not have enough bitcoin to prepare for UP, then hopefully you are not spending too much time preparing for DOWN prices that might not happen.


Edited to add the below further response (perhaps repetitive?):


Hopefully, you are continuing to sufficiently/adequately prepare yourself financially and psychologically for UP in bitcoin, and despite various possible onerous government measures in some jurisdictions, probably questions regarding how much to allocate to bitcoin are still going to be about "how much?" rather than "whether?"  

In that regard, there are going to continue to be a lot of normies who continue to decide to underallocate to bitcoin because they put too much weight on possible draconian actions of governments in one jurisdiction or another, and surely there is no problem to attempt to keep value in various forms, and if your government is causing you disincentives to spend your bitcoin, then you are likely going to be spending their crap first, and you also may well be withholding some information from them in regards to all the various ways that you hold value.. and let's see who benefits from those kinds of behaviors or enforcement attempts?   Maybe again, the question comes down to what are the various ways that they are going to start to enforce disclosure requirements and these matters are surely still unfolding and vary from jurisdiction to jurisdiction.. and will they last and in which jurisdictions and what are the ways that you are going to possibly get scared out of preparing yourself for UP  (cut back on bitcoin a bit or give up?    

Those are surely individual choices regarding how much to allocate and what are going to be your various compliance behaviors and do you believe that you are going to have obligations to comply with every single requirement (whether draconian or not) that various governments (and perhaps financial institutions) begin to attempt to impose upon you because they seem to be in their own little desperate pickle.. and sure, the more desperate governments get, the more that they might be ready, willing and able to engage in desperate behaviors too.. are you going to completely roll over or not?  Not everyone is going to approach this matter the same, and how much you are already in bitcoin might cause you to consider the matter differently from someone who is even less into bitcoin and compared to a no coiner.  Are nocoiners going to continue to decide to stay no coiners merely because their government seems to be engaging in desperate behaviors?  Could the actions of various governments/financial institutions not end up cutting both ways in terms of incentivizing or disincentivizing bitcoin adoption and usages?    

Since I've been under review lately for another matter I've done research for my country.

Any bank, accountant or company must report unusual transactions like big sums of cash money etc.
They need to look into the source of the funds because they are on the hook if they support terrorism or fraud.
If you the holder of the assets can explain yourself there is no problem whatsoever.
If they don't believe you they refer you to the financial fraud division of the country.
They can choose to take up the case and look into it and if a crime is committed then indict you.

All this said you need to know who your customers are.
Nobody needs to report their assets or accounts but you will get questions when cashing out a shitload of €€€
Any owner of financial assets need to be able to explain the source of the money.

But that's how it works in my country....

So for bitcoin in my country it's best (not required) to provide a transaction history with a reasonable source to your assets.

Just reading about the new EU rules they are considering.

I can understand registering transactions to and from €uros. Proof of ownership to stop criminal money and all...

But if they want us to register each transaction then they should do the same for cash money. Basically turning the EU in Hitlers fourth reich.

And maybe I'm a dumb fuck for stating the obvious but all transactions are recorded....it's called the blockchain...

In my country there is no legal requirement for persons to keep any books or record of transactions (only for companies) so there are going to have to big changes in laws.

Did you see my last quote reply to you regarding Open Platform

I do agree that the best way for a country to accept bitcoin as a legal thing is to make sure that people are using it properly without any hidden coins anywhere plus do KYC and also show even the out address as well.

This would allow people to actually commit no crimes, pay taxes and feel alright about the fact that we are making a good income without worrying government will take it from us. Doesn't mean that it will result with bitcoin going up, it could still go down when a bad thing happens, but when it is as easy as that legally then there could be more people. Ukraine and Russia had to live through a war to realize this, I hope other nations wouldn't need the same.

Hi Wilhelm, now you get my point right? It is not that I am against regulation per se that aims at preventing fraudulent activities. What they want to achieve is that private transactions with decentralized currencies aren't possible anymore. If you have to prove the origin of funds every single time, it is much much different than what we experience when we sell our bike on ebay or craigslist for cash. Nobody in the world will ever ask you where the 150 Euro/USD are from that haven't been there yesterday!
The only way you can transact privately will be through verified wallet addresses with centralized verification and wallet service providers involved. I guess that could count as a very wordy description for a CBDC. Agree? ;) There is no such thing as anonymous wallets with CBDCs, and that is essentially what they want to currencies like Bitcoin into, should the wider public refuse to adopt CBDCs.

In my personal opinion that's bad news. But I do see a possibility in the mid- to long-term future. All these 50 - 60 years old dudes running the councils and parliaments now will once be superseded by a younger, digital generation. The question than just is whether the banking sector by then is still equipped with the same political power as they are now. Or whether crypto businesses will take over.

First off.   It seems best to try to avoid mixing up what government officials would like to achieve in terms of providing a lot of burdens upon bitcoin users in order to attempt to cause bitcoin transactions to ONLY happen through officially acceptable (and restrictive) channels - and whether they are going to be able to achieve such objectives.  Yeah, sure there are a lot of people who will likely just roll over until they realize what is happening, and then if there are tools available to conduct transactions more privately then individuals may well prefer to pursue those avenues of transacting (and interacting) and law makers are not necessarily detached from the desires of individuals - so the extent to which they are ready, wiling and able to carry out draconian measures and practices upon the population is still to be found out.. and I have my doubts in terms of just accepting that the govt. officials (and the status quo rich and institutions) are going to be successful in terms of controlling bitcoin rather than having to adapt to what bitcoin actually is and what bitcoin provides, which remains the possibilities to interact/transact without having each and every transaction traceable.. and surely some of the tools are still under development.. so yeah, developers are sometimes being targeted too...

Regarding your comments about young people being more enlightened than older people, that's a bunch of bullshit.  Seems to me that there are going to continue to be a variety of perspectives.   Sure, there might be some resistances for older people to adopt some technologies or to accept changes, yet that is not necessarily a bad thing, especially if they may well be recognizing and appreciating some of the important values of privacy and freedom.. so in that regard, young people are not always going to be the saviors in terms of being able to even appreciate how their smartness fits within a context of why some values might be more important than other values... including the fact that many times young people might get so blinded by their own thoughts of immortality that they do not really realize that there are limitations in their meat vehicle until they grow up a wee bit...

So my point is not to proclaim that old people are the solution, but instead to appreciate that there are likely a balancing of perspectives that need to be accounted for, and surely there is some truth towards concerns that older people are the ones who are in control of vast swaths of status quo wealth, so in that sense, change can sometimes take time when sometimes older people think about the world differently in terms of their risk profile and their desires to preserve wealth, and younger people may well frequently not have very much wealth, so they might not understand the importance of preserving wealth and instead be willing to take a lot of risks because they have nothing to lose..

And, yeah, I am writing a bit in generalities, too.. yet part of the point is that perspectives are going to vary based on age and socio-economic status, and surely there is likely going to be a lot of ongoing transfer of wealth that goes through bitcoin and even through some of the shitcoins, too... that ends up going to status quo rich that likely gravitate towards being older towards younger persons who may have taken some kind of stake in bitcoin.. and surely we still are in early stages of bitcoin adoption, too.. . so even a lot of young people have not realized and appreciated that they are going to be better off to be investing into bitcoin as early as possible with their time, energies and whatever value that they are able to generate whether through their labors and intellect or if they already come from wealth (or inherit it) to incorporate wise methods to allocate some of that wealth into bitcoin... building financial skills is not something that just comes without practice and attempts at learning.

The current nature of the Bitcoin price movement is very positive. Various crypto analysts have speculated that 2022 will be the year of the crypto revolution. Although many made such comments last year. But now most analysts are ‍rely on the same idea.

I just hope it’s posturing. Sometimes politicians push for an insane rule just to see how far it can reach.

I firmly believe that forcing proof of every transaction will get shot down in court because Bitcoin is the same as cash and should be treated as such.

I think it will all end up with the current rules and that’s a requirement to prove big sums of money didn’t come from terrorism or fraud which are the same rules as cash.

But we will see….

I guess we wait to see if inflation and a recession leads to Bitcoin being a benefit of a flight to safety by billionaires, or if the rest of us get our pocketbooks pinched so much we are forced to sell and bring down the market.  So far the signs are good, as in there is a billionaire Do Kwon who is pumping the market and taking a bold stance with a great deal of funds.  Other billionaires could follow suit and this could lead to Bitcoin being the safehaven that it is thought to be.  I would much prefer this to it's price crashing in a 2008 style crash where everything falls.  Now we wait and see how bad this coming recession gets, and if Bitcoin is a beneficiary or a sacrificial lamb.

Did you see my post replies to you about Open? Lets talk privately, message me because I can't message you due to account not having much posts

Since 2021 this 100k post completely dominate the bitcointalk forum , and even this first day of 2022? this post will start the year talking 100k again?  but according to the market growth this end of 1st quarter did we see something  that may lead to 100,000? because i still see nothing but constant up and down till this year end.
and even the coming year of 2023? i don't see any ways for this to happen though I believe that this is just in doorsteps its just taking long before happening .

who? name those Various Crypto analyst please?  because it seems that you are the only one that has this vision lol.

Yeah, I think some of the world's billionaire are already in the bitcoin market already, it's just that maybe some of them wanted to remain anonymous about it. Do Kwon pump though has some positive effects already, but the real test is $50k and so far we still even see it. So it's going to be a wait and game again, if recession and other world events will affect the price negatively and then we scoop some and wait for the next bull run.

In my opinion, if the current bitcoin price rally continues then the bitcoin price has the potential to hit its $100k price target possibly next year. I see bitcoin hitting the $100k price level next year as traders or momentum chasers start buying bitcoins during a strong rally.

I am not surprised for the price Btc threshold of $ 100k but the question is how long will it take?  It could come earlier or later  but I can see behavior and momentum turn pure if ongoing distortions end the bear market before the market decides to consolidate and regain strength really like it had intrinsics.

Bitcoin always surprises and we don't expect it, we better focus on buying and holding and selling when we have got the price of $100k, I'm sure the price of $100k can happen soon, if the market can be like 2021 then I'm sure in 2022 it can reach $100 k or at the latest is next year.

that is If the market is like 2021 but the problem is? market is far from 2021  look how the movement goes now, is this how the recent year goes when the quarter starts?
I'm afraid we are far from that so expect more dumping than climbing this year, it may not be totally a dump but at least continue in this kind of lowering situation.
I am also afraid that even the next year in which 2023 will have the same faith as this 2022.

what you said might happen, because we know that this year is not expected to be a surprise because Bearish is very visible and continues to be sustainable. although many expect that a bull will occur in Q2 but it is also possible that it will not reach $100K and at least repeat ATH in 2021 is an achievement in itself. so indeed that bitcoin will hit $100K is likely in the next year.

I am very optimistic that whatever our speculations about the possible achievements of bitcoin price will happen but we are all uncertain on when it will going to happen because we all know how volatile the market is. It is undeniable that bearish trend dominates the crypto market since the year 2022 enters and so far we are now in Q2 of the year and we didn't see any progress on the market but who knows the market is volatile and unpredictable maybe in just a click we can see a progress.

this is also my speculation but it doesnt happen, but i hope this year it will go above 100k$ because i have a lot of altcoins drom bounty and from my small investment and we all know that if this bitcoin rise altcoins will rise also, there is always a profit when bull market begin and for now the best strategy is to hold.

Found you via Reddit, need to send you a pm but can't because you don't allow pm from newbies. Please enable the setting and msg me or check your reddit account u/templebct its about info I think you'd like to know, your suspicious re Open were correct.

Never expect nor anticipate so that you wont really be making yourself to be that frustrated whenever you dont able to see on the price that you are hoping for for a specific period of time.Of course we do see BTC

potential but we cant control the factors like adoption or recognition which is the main reason on why price do really soar up or making it to be more valuable.Lets just wait and see on how things would be going
but 100k is a price which is something realistic and considerable for it to be hit up but lets not rush up on everything and let things to happen normally.

I'm happy that bitcoin is back at $42 after a few days dropping below $40k and of course I bought at the right time when the price was $38600, but I'm optimistic that the price will continue to skyrocket and $100k is an easy thing for us to achieve  in this year.

It's not hard for bitcoin to hit the $100k price but it will take a long rally to increase to reach the $100k price target. Moreover, there are not a few experts who do not believe that Bitcoin has long-term potential. Better For us, the most important thing is the performance of bitcoin in 5-10 years, even 20 years. Even if bitcoin performs well in the long term, we still need to pay attention to dealing with uncertainty in the short and long term.

So difficult to know, and for sure anyone investing into bitcoin should attempt to take these kinds of matters into account including that bitcoin remains a pretty damned decent ongoing asymmetric bet... so we cannot really be sure if it might take one month to get  to $100k or maybe up to 5 years.  Don't call me any kind of bear or pessimist - because even though historically, there is not any point that bitcoin's prices have been lower 4 years after any particular price point, we do not have any guarantee that historical dynamic is going to continue to remain true.

So, yeah, 5-10 years or even 20 years, we have decent chances that bitcoin could be in the $1million to $10million per coin or even higher, and at some point it seems that $100k is going to feel like $10k in the sense that NOT very many people currently believe that getting bitcoin for $10k is any kind of reasonable expectation.. so in that sense the Lindy effect of ongoing moving upwards prices seems to continue - and the 200-week moving average (which is currently nearly $21,500) (https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/) is a pretty damned decent demonstration of that ongoing movement of BTC prices continues marching in the upwards direction.. and that 200-week moving average has served as a pretty damned decent bottom indicator - and there is no guarantee that it even needs to be touched - though with the passage of time, if BTC prices are nearly 2x higher than the current 200-week moving average price, then we know that the 200-week moving average is continuing to move up.

It's long expected new price. But it will reach, the new value.When the price of bitcoin had reached 75k dollars. It will reach 100k with a certain period of time. When the price of bitcoin reached 30k dollars, then the new prediction was check with the 40k dollars. With a certain period of time, the price had crossed 40k.Some whale had influence the price change in bitcoin. Trading flow of bitcoin is cause of it.

All of us are happy because finally the price starts to move after a long time of waiting but congrats to you because you buy perfectly since after you buy, we never see that price anymore. That is something that the majority can't do because by the time they buy the price then falls deeper but they can always buy again, that's still better than buying when the price is at the top.

The price will skyrocket of course, we are all optimistic by that but I think not all will agree that 100k can be achieved easily or within this year. They think that the price right now is struggling to hit a certain level so how much more if 100k? But don't worry about them, just keep on believing.