Are there any optimists left? Is $100K still possible?

[Leahhhh]

Are there any optimists left? Is $100K still possible even by 2020 or 2021?

[1713878737]

1713878737

[1713878737]

1713878737

[topper26]

yes

look at it this way, feb 5 2017 we were not even at 1,000.00

bitcoin is on blue light special but soon it will be tiffany blue, keep the faith, buy and HODL!

[gentlemand]

Of course. When I got in all those years ago I always had a feeling in my willy that 2020/21 would be the one. That feeling hasn't changed. I've no idea about 100 grand though.

[socks435]

Everything is possible in bitcoin. There are many reason why the price was falling. just like now that i heard bank are afraid about bitcoin become currency base on live news in youtube and bitcoin was shutdown in india and china this is i think a big reason why the price was drop and the price is keep falling..
This is the same happen past few years but bitcoin still alive and kicking.. If you have bitcoin or you bought cheap bitcoin today just hold them for a long time and you will witness the $100k these coming months or years..  Bitcoin is always surprising so we do not know when the price reach $100k .

[tomahawk9]

Are there any optimists left? Is $100K still possible even by 2020 or 2021?

if nobody knows what the price is going to be tomorrow, then how are we supposed to know what the price is going to be in 2021??

You're just looking for people to give you reassurance that everything's gonna be fine, aren't you? just hold your coins and stop looking at the charts.

[inkling]

Don't know if 100k are possible but I'm still pretty sure the last ATH wasn't the last one.

[1Referee]

Of course. When I got in all those years ago I always had a feeling in my willy that 2020/21 would be the one. That feeling hasn't changed. I've no idea about 100 grand though.

Same here. People just come up with all sorts of ridiculous predictions, and that while they haven't got a clue about what state the market is in, and what actually needs to be done to reach such levels. I am personally a bit more 'conservative' than others with my $50,000 before the next block halving predition. With LN fully active on the main net to stimulate actual usage and thus greater adoption, and with financial instruments where actual coin supply gets taken out of circulation instead of those rubbish futures, we should be in a pretty decent position to smash through $50,000 before the next block halving. It also gives all centralized players in this ecosystem enough time to get their shit together, because as it is right now, all exchanges are crippled to the core, which is very sad to see.

[Leahhhh]

'Exchanges are crippled to the core'...I'm not 100% sure what you mean by that but I am worried about getting my coins sold on the exchanges when the time may come. I worry about them crashing at times when people want to sell, about them getting hacked & about the withdrawal limits they impose. I wish there was somewhere 'dependable' where I could sell....that they were like most stockbrokers where you can sell right away & have the money back in your account in a couple of days with no withdrawal limits imposed.

[gentlemand]

'Exchanges are crippled to the core'...I'm not 100% sure what you mean by that but I am worried about getting my coins sold on the exchanges when the time may come. I worry about them crashing at times when people want to sell, about them getting hacked & about the withdrawal limits they impose. I wish there was somewhere 'dependable' where I could sell....that they were like most stockbrokers where you can sell right away & have the money back in your account in a couple of days with no withdrawal limits imposed.

You just described perfectly what he meant. I wonder how many trades didn't happen because either exchanges crapped out during the trade, or people simply couldn't get on to them.

The problem is that to be as smooth as a stockbroking website they'd need tons more staff and tons more capacity. Crypto is so fickle that if the market went quiet they'd be ruined.

I agree with you and the above completely. The exchanges are a huge issue. I don't really know how it can be solved but in the state they're in it's not reassuring to be dependent on them.

[Leahhhh]

I agree totally.....IF it should ever hit $100K or even $1m, knowing my luck I probably couldn't get my coins sold or I'd get them sold & then the exchange would be hacked!

[gentlemand]

I agree totally.....IF it should ever hit $100K or even $1m, knowing my luck I probably couldn't get my coins sold or I'd get them sold & then the exchange would be hacked!

As long as you have an amount above a certain figure you could go OTC. There are brokers who'll pair you with a buyer. Everything takes place off exchanges and payment is direct to you with some personal service too.

If I ever do sell a significant amount I'm doing it that way, not on an exchange where you're just another frozen ticket they won't answer. 

[Leahhhh]

Forgive my ignorance ....what is OTC?

[alyssa85]

Are there any optimists left? Is $100K still possible even by 2020 or 2021?

Nobody can predict that far out. Anyone who says they can is fibbing.

Cryptocurrency is here to stay - what is in question is which cryptocurrency.

[gentlemand]

Forgive my ignorance ....what is OTC?

Over The Counter. Off market trades that happen privately between two individuals. You can move huge amounts and as it's off market there's no effect on the market. That's how some of the really huge buyers and sellers operate.

Much safer, faster and you're not dealing with flaky exchanges. There are full time brokers matching buyers to sellers.

[Leahhhh]

Thought it might be over the counter, but had never heard of it in relation to bitcoin. How much roughly would you have to be selling to use such a service?

[gentlemand]

Thought it might be over the counter, but had never heard of it in relation to bitcoin. How much roughly would you have to be selling to use such a service?

https://genesistrading.com/digital-currency-trading/

Is one of the biggest OTC players. If I remember rightly their minimum trade has to amount to $25,000. A fair few people on here have reported positive experiences with them. It looks like they do it in several countries too.

[hous26]

Of course. When I got in all those years ago I always had a feeling in my willy that 2020/21 would be the one. That feeling hasn't changed. I've no idea about 100 grand though.

The man's willy has spoken.  So be it.

[Leahhhh]

Thought it might be over the counter, but had never heard of it in relation to bitcoin. How much roughly would you have to be selling to use such a service?

https://genesistrading.com/digital-currency-trading/

Is one of the biggest OTC players. If I remember rightly their minimum trade has to amount to $25,000. A fair few people on here have reported positive experiences with them. It looks like they do it in several countries too.

Thanks gentlemand, I'll keep a note of that website & hopefully some day I'll be able to use them.

[Leahhhh]

Just been to their website....the minimum investment is now $75,000.

[Nick Abimanyu]

Are there any optimists left? Is $100K still possible even by 2020 or 2021?

Maybe i am, because i`m always optimistic with bitcoin development.
By 2020 or 2021, perhaps the number of bitcoins in the mine will shrink in number, when compared to 2018.

We certainly know, which makes it expensive bitcoin is determined by supply and demand. If supply is increasingly scarce, thus it is certain that bitcoin prices may reach $ 100K by 2020 or 2021.