Bitcoin's 100k bubble may not burst ???

[EdenHazard]

If I put Data and math aside .. I'd say it's gonna drop more than 50% soon , my point of view is that those huge company that invested millions/billions dollar in bitcoin will release their holding once the overall economics backup. That's my gut, I had it.

[royalfestus]

This cycle is described as the super cycle; where the institutional investors especially in bitcoin will be holding in a different way, they are not planning to sell even in the parabolic at any price. Just like gold is been hoarded in some countries irrespective of the scarcity and price, they will still hold. We may not see the 80-90% price dump like in previous years, so the possibility of holding the price above 100k can be seen and Ethereum may attain a new role with the exciting use cases.

[Ludmilla_rose1995]

I don't think that bitcoin will hit $ 100 this year, but I do believe the price increase will continue. because bitcoin this year is a little different from the previous year. large companies and even some government institutions have adopted bitcoin. now bitcoin has been widely accepted by most people. so the chances of it dropping to 70% are very slim.

[aioc]

I don't think that bitcoin will hit $ 100 this year, but I do believe the price increase will continue. because bitcoin this year is a little different from the previous year. large companies and even some government institutions have adopted bitcoin. now bitcoin has been widely accepted by most people. so the chances of it dropping to 70% are very slim.

Everything is open, Bitcoin reaching $60 is beyond the expectation of many of us here this year, we are only on the fourth month of this year, there's still a lot of things that's going to happen for the rest of the year, good things or bad things we never know, investors just react on every news that comes along, so $100k is still possible but not guaranteed.

[macson]

I don't think that bitcoin will hit $ 100 this year, but I do believe the price increase will continue.

$100 ?? "lol" you missed the letter "k"

because bitcoin this year is a little different from the previous year. large companies and even some government institutions have adopted bitcoin. now bitcoin has been widely accepted by most people. so the chances of it dropping to 70% are very slim.

Bitcoin price drop till 70% is impossible again nowadays.  every day we hear influential people and big companies falling in love with Bitcoin, the last thing that made a scene was the confession of the hot girl "Paris Hilton" who said fell in love with Bitcoin on her Twitter account.

[decodx]

It’s very debatable that Bitcoin is a bubble. It’s supported by miners, and the energy expended to mine all those coins. Zoom out and look at the chart. Is it a 10 year bubble? If it’s a 10 year bubble, then it can also be on a path to be a 20 year bubble. But by year 20, everyone would be saying it’s not a bubble.

I wouldn't bet on it. There will still be those who say that Bitcoin is a massive bubble. Maybe Peter Schiff (if he lives that long) or someone like him. What difference does it make? We must learn to ignore them and have confidence in our vision (Satoshi's vision) for a better future.

[arufox]

Actually, people can only use data as a reference to predict what will happen in the future, but if we talk about the future, this something mysterious, no one knows what will happen exactly, are you will sell it, hold keep hold it, or what? The decision is yours so whatever you decide don't regret it

[milewilda]

I think even if we have a 70% drop, which I think we will not have one at all, it will not be that big of a deal if we can break over 100k. I think we will reach to a point where it is like 120k and then drop to 50k or so, that seems reasonable and I think it may happen as well. It is of course not easy task to reach there, but I think it can reach there eventually.

We can't go up forever, it is impossible for us to reach a billion dollars right? That means it is impossible for us to reach to a  certain level for now, we don't know what that is but there is a number, whatever that is we will get to somewhere near and will start dropping from that level. Of course, it is going to be a bit difficult but I think we can manage it and we will probably end up with a "lower" price that could be maybe even higher than the current price or at least close.

We shouldnt really anticipate much because we dont know on what would be the possible peak for a particular period of time.People are just way too fast or in a rush
when guessing or expecting for a price without even minding the probabilities of hard correction that might take place before on having an another bullish run.
For now the price is steadying down and moving sideways but its good that it hadnt any signs of drop or crash which might indicate that we do really have some
strong support with those low levels which we can presume that dropping way below is unlikely to happen.