$120,000 Bitcoin is going to happened?

[STT]

120k isnt happening this year, this thread is way too soon and if anything its bearish to have a thread like this.  When people jump the gun, over anticipate its not a good sign generally for BTC growth to surprise when its already expected.

Think about the giant spike required to get 120k now, its double the price in just 5 months before year end.   I wont say its not possible but its not healthy and we shouldn't really wish for it if wanting BTC to grow as best it can.    If all we see is BTC repeat 50 to 70k for the rest of the year then I'd opt for that scenario as the more healthy of the two; eventually it does lead to better prices by building volume here first.

[Nwada001]

First, it's $100k, then $120k and others predicted it into $150k, I believe bitcoin will achieve them in its perfect timing. But for now, seeing the price could hardly even crossed $70k again, I think it's more practical to set $80k first as it's new all time high. Hopefully, we will come to see it even before year end, as long as bitcoin won't be affected by sudden big and negative news that will pull its price down again.

Most times, what I see in price speculation is actually not what people are expecting. Before Bitcoin crossed $73k last time, when it was struggling to even leave the $20+ level, traders's speculation was that we were going to break the new ATH soon, and there was not much of a certain price to reach given until the recent spark that took it to $73k, which took a lot of us by surprise.
 
I still believe what we see now in the market is just a little setback, and if Bitcoin overtakes that $80,000, it can be reached within a week. Reaching that price is very certain for Bitcoin. The only uncertainty here is the timing; we don't know exactly when it will happen.

[Moreno233]

Think about the giant spike required to get 120k now, its double the price in just 5 months before year end.   I wont say its not possible but its not healthy and we shouldn't really wish for it if wanting BTC to grow as best it can.    If all we see is BTC repeat 50 to 70k for the rest of the year then I'd opt for that scenario as the more healthy of the two; eventually it does lead to better prices by building volume here first.

You are forgetting that Bitcoin can move when it really want to and doing X2 within 5 months is the least obstacle that it can break. Even when it is not necessary to expect so much given the uncertainties surrounding Bitcoin, it is also good to check past records to see what is possible in the future. From November last year to January this year, Bitcoin price doubled, this is just 3 months interval, although most of the moves was attributed to the halving. But the point is that it is very much possible for price to double within 5 months.

We are approaching the second part of this year, a time that Bitcoin usually do so well from past records. I believe we will begin to see more momentum in the market as we approach the end of the year and price might possibly hit the peak early part of next year.

[wiss19]

The truth is that the $120,000 is very feasible to be hit by Bitcoin, even in this current bullish season, but we should also think minimally and apply some caution so that it will not mislead us. Besides, let me sound this as a note of warning to you, no one knows what will happen in Bitcoin emphatically, we are all trying to speculate. For this, anyone whose speculation is not constructive enough should be disregarded. Fine, you heard that Bitcoin would hit $120,000, asking how from those who said so is a very good way to start. This is how you know they are serious with their utterance.

But for me, the market is difficult to speculate at an upper end that it has never reached before and I believe those who are predicting such are only doing some kind of guesswork. This could be based on the assumption of what they feel have happened and using it to guess what could happen afterwards. But the market doesn't work like that, it can disappoint the most promising guesses at times.

Lastly, we need a break of the current ATH at $73,830 to start with, and if that level could be breached successfully with a serious bullish trend confirmation, then $100,000 may be possible over time before even thinking of the $120,000.

Being careful and being too careful could be the difference maker for money making. We know that it is going to be something great, it will be 120k, so we should not really avoid it, make as much investment as you can afford to (do not invest money you can't afford to lose) and you should be fine, because it will go up that much without an issue.

I personally believe that the reality we are living today isn't a simple one, and it should take a while to be better, it can't be really all that crazy, it needs to be considered as normal. I personally believe that the best way to approach this would be just realizing that we are going to be doing just fine, so investing without fear is a good idea and everyone should try to do that.

[fuguebtc]

Think about the giant spike required to get 120k now, its double the price in just 5 months before year end.   I wont say its not possible but its not healthy and we shouldn't really wish for it if wanting BTC to grow as best it can.    If all we see is BTC repeat 50 to 70k for the rest of the year then I'd opt for that scenario as the more healthy of the two; eventually it does lead to better prices by building volume here first.

You are forgetting that Bitcoin can move when it really want to and doing X2 within 5 months is the least obstacle that it can break. Even when it is not necessary to expect so much given the uncertainties surrounding Bitcoin, it is also good to check past records to see what is possible in the future. From November last year to January this year, Bitcoin price doubled, this is just 3 months interval, although most of the moves was attributed to the halving. But the point is that it is very much possible for price to double within 5 months.

We are approaching the second part of this year, a time that Bitcoin usually do so well from past records. I believe we will begin to see more momentum in the market as we approach the end of the year and price might possibly hit the peak early part of next year.

In short, the goal of 120k$ may or may not happen this year , no one has a crystal ball to predict the future. If we have good market conditions, it is not too difficult for bitcoin to reach 120k$ in 5 months, but if market conditions are not good, it will be very difficult for bitcoin. But one thing I'm pretty sure of is that it's only a matter of time before bitcoin reaches $120k or more.

We all know that Bitcoin is unpredictable and its price is very volatile, so setting monthly or yearly goals and arguing about them is pointless. Instead, we should set long-term goals and only sell when we achieve the set goals.
Setting specific goals for each month/year only creates more pressure and causes us to make wrong decisions. I have seen many investors fail for this reason so I think we should avoid making this mistake.

[JiiBs]

Well, I understand that a thread isn’t solely about the individual or user to have created it and could be taken over as well as observed by many other users but, even then, you do need to watch out for responses or reactions from OP.

Upon seeing this thread, after going through the OP the next place I turned my eyes to was to look up the activity of the OP and having just a single post and an activity, was last seen a day after thread creation didn’t paint the picture of someone who is really interested in this thread. Maybe the OP could be here as a guest but, as a user who don’t sure of the stands on $120k Bitcoin price, you would expect that the user be active on this thread at least but, the OP is all that is from the user on a 4page turn over thread. Not only of the thread but the forum entirely.

These be taken into account.

[justdimin]

In short, the goal of 120k$ may or may not happen this year , no one has a crystal ball to predict the future. If we have good market conditions, it is not too difficult for bitcoin to reach 120k$ in 5 months, but if market conditions are not good, it will be very difficult for bitcoin. But one thing I'm pretty sure of is that it's only a matter of time before bitcoin reaches $120k or more.

We all know that Bitcoin is unpredictable and its price is very volatile, so setting monthly or yearly goals and arguing about them is pointless. Instead, we should set long-term goals and only sell when we achieve the set goals.
Setting specific goals for each month/year only creates more pressure and causes us to make wrong decisions. I have seen many investors fail for this reason so I think we should avoid making this mistake.

I mean a lot of people will say if they think it will or if it won't, but like you said nobody has crystal ball that tells the future, we are just speculating here. To be fair it is the "speculation" page of bitcointalk, so it is normal if people shared their opinions, then it would be something that we could discuss, that is the point of here.

So we should start with the premise that none of the people here know anything and they are just speculating, and then make our case. So if most of the people say that it will, then that means this forum thinks that it will, then it is up to you to decide if you want to do something about it or not, there is really nothing that can stop you from buying or selling.