Bitcoin Will Skyrocket to $100,000 in 24 Months

[KrisAlex18]

Based on some analyst made by popular bitcoin traders, the price of bitcoin will go upto $100,000 on upcoming 24months as of today and we has nothing to do with it but to wait that thing will happen. Herw are some reasons with regards to that:

1.A position trader is making noise on social media after tweeting an ultra bullish prediction on bitcoin.
2.The cryptocurrency’s performance in the last two halvings may have prompted the analyst to make a bold call.
3.Other big names in the industry share a more conservative price target.

This is the direct link for that news: https://www.ccn.com/analyst-adamantly-believes-bitcoin-will-skyrocket-100000-24-months/.

What can you say about it? Is this will happen or just falsehope for us?

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[santiagomaicon]

BTC even cant break 10k lvl and you are talking about 100k? People should be realistic. There are already a lot of money in the indsutry and we still did not see prices like this

[pakhitheboss]

Bitcoin will reach that price point in the future but to confirm it will reach with the next 24 months is a stupid analysis. I have been hearing the same for the last three years now and nothing has happened.

It is good to keep the market boosted with such information but it is foolish to think the people wiil react to such foolish date prediction. The Bitcoin community has matured a lot after 2017.

[3 angle]

Based on some analyst made by popular bitcoin traders, the price of bitcoin will go upto $100,000 on upcoming 24months as of today and we has nothing to do with it but to wait that thing will happen. Herw are some reasons with regards to that:
1.A position trader is making noise on social media after tweeting an ultra bullish prediction on bitcoin.
2.The cryptocurrency’s performance in the last two halvings may have prompted the analyst to make a bold call.
3.Other big names in the industry share a more conservative price target.

This is the direct link for that news: https://www.ccn.com/analyst-adamantly-believes-bitcoin-will-skyrocket-100000-24-months/.

What can you say about it? Is this will happen or just falsehope for us?

It's nice to read the three factors you mentioned, but I'm pessimistic that the price of Bitcoin will skyrocket in such a short period, Not that I'm not happy if the price of Bitcoin skyrocketed, but, in fact, even though there many factors that support to make the price of bitcoin skyrocket, but negative issue always following that and makes bitcoin prices fall.

[KonstantinosM]

Repeat after me:

"Past performance is not indicative of future results. "

Admit to yourself that you want this to happen. You want your money to grow just like everyone else.

Less relevant ranting on my part follows:

Ultimately all of us here want bitcoin to succeed. And who doesn't want to become rich? A part of me does believe that bitcoin will get there and that it could get there soon.

But I don't base my plans on that. I'm not putting all my money and future hopes into bitcoin. And even if bitcoin drops to 1 cent. I'll still be here because I love what this project can do for us. The nominal price of bitcoin is separate from my love for bitcoin and my reasons for being here.


How you act is up to you. If you decide to throw in money you don't have for an investment that you think is a sure thing, then be prepared to face the consequences. Remember you're not buying stock in a business or a piece of land or a physical object. You're trading money, for a different kind of money, all that changes is the exchange rate.

You're not actually building wealth, or income sources, you're just trading around money. It's fundamentally a different kind of asset.

[Myfe]

Repeat after me: "Past performance is not indicative of future results. "

Past performance is not indicative of future results. Past performance is not indicative of future results. Past performance is not indicative of future results. past performance is not indicative of future results. Past performance is not indicative of future results.

OK, Charles Schwab, we hear you. You're right. But it's also "right" that the positive swings that followed past halvings did occur. So it's certainly logical and fun to theorize what will happen after the next halving.

One truth: The bullish run occurred about 12-18 months after the halving event. So anyone thinking big things will happen this year is on the wrong side of history.

Another truth: The most sure way to increase the price of Bitcoin is to open the demand market (not merely limit supply, as a halving does). If we can get more access of Bitcoin to broader investment markets we'll see a true wave of price growth.

[target]

Well we all want our money to grow that big and so the reason we believe the bold predictions of the popular bitcoin traders. But with the way we get to promote it right now, it may really take a lot of years before we finally see things going that way. If its hyped today, a lot will dump even after dumping which I'm starting to believe the bulls will come by 2022.

[tsaroz]

And to add on that, we have favourable response from both the private and public institutions around the world. It's been a matter of debate more and has developed it's own cult among the youngster.

[ChrisPop]

Look.. analysts usually construct their ideas in such ways that they are always right. Also many analysts and so called "crystal ballers" play in some way for the institutional traders who want to engineer liquidity for themselves by driving the crowd perception of the market in one direction why they accumulate and turn the market upside down with some big *ss orders.

While it could be perfectly possible from a fundamental side to see Bitcoin price at the $100k level or even above, you shouldn't make your investment decisions based on other analysts' opinions. They will NOT take responsability for your losses in the case they incur.

[Lucius]

What can you say about it? Is this will happen or just falsehope for us?

There is nothing wrong with speculation, anyone can write anything they want, but one should never mind that it all really comes down to predicting the future. The last two halvings may be an indicator of what will happen after the third, but many warn that it should be borne in mind that history may not always repeat itself. In case the story repeats, we can use the information that tells us that after the first halving the price of BTC increased 8000%, and after the second 2800%.

From that perspective, it's not unrealistic to mention $100k in the next two years, because it would be an increase of just over 1000%. What is not being talked about is the almost inevitable correction that will follow, which may look pretty ugly, considering that at the last ATH that correction was as much as $17 000 down. I think even the hardest holders will decide to sell at that price, and probably much sooner.

[boltz]

Well , because you've put up to 24months I think this might come true at the end of this timing. We're in the year of the halving, we're in bear years for almost 3 full years so I think in 2 years Bitcoin will be above 100k$ if things goes well with halving and all  the other "problems" that Bitcoin foundation need to solve until. Don't forget that all we can do its to speculate as no one knows for sure what the price will be.

[HarmonyA]

I no longer rely on price predictions,  the secrets has began to unveil. This whole thing look manipulative by those who control the market.
Ofcourse past performance is not an indication of future results,  but if we calculate the price trend mathematically,  we will arrive at an indication of future result that is expected to be far above previous achievement.
Though we want our bitcoin to grow, but resistance are holding the price within a break point.

[Hamphser]

I can't tell if bitcoin would really reach that price in two years even after the halving i don't think bitcoin would be able to reach a certain price where it is closer to the $100,000. I highly doubt if bitcoin would ever touch the $50,000 too after the bitcoin halving. This prediction is just purely speculation only because no one could ever tell what could be the future.

[Xxmodded]

What happen with your life, did you sleep well last night and did you dreaming bitcoin have raise with higher price above $100,000? please go ahead and open your eyes its look impossible if bitcoin could raise higher price more than $100,000 because bitcoin keep lower price, when bitcoin want to be in higher price always have bad news with bitcoin price.

[The Sceptical Chymist]

BTC even cant break 10k lvl and you are talking about 100k?

That's what I'm thinking exactly.  I'm not sure who's making these crazy bullish predictions, but I'm pretty sure they don't know any more than the rest of us do about where bitcoin is headed.  Even if those big traders had enough money to potentially influence bitcoin's price all on their own, there's no guarantee things would go their way at all--bitcoin's market is very unpredictable.

But if we're talking about a two-year time frame for getting to $100k, that might be reasonable.  What I worry about is if bitcoin can hold on to whatever gains it makes.  In 2017, the price went up so much, so fast that it couldn't stay at $20k.  I'd like for that not to happen again.  And yeah, looking at where bitcoin is at the moment, it's way too optimistic to be calling a $100k price even if it is for two years from now.

[bamboylee]

24 months is too short of the time period for bitcoin to make that kind of leap in price. I will not say that the prediction is completely ridiculous because bitcoin made some crazy price leap before, it can happen again in the future. The only thing I find ridiculous in this prediction is the time frame. There will be a major dump whenever a new ATH is achieved, that is why 24 months is too short. A major dump and a long correction follow an ATH. I predict it will take two or more halving before this price prediction comes true.

[d.kevin29]

$100k? $100k means 1.8 trillion marketcap. Is not it a little too much? How can experts know if we have not experienced more than $20k so far? E.g, how do you know what it is like to be afraid without fear? You can not know. You must experience it. IMO this is something like that. Experts are not aliens. They are people like us and the only difference may be that they are a little more knowledgeable. But in this theme, there is more than knowledge.

I suppose the same question (talking about the first one) was asked by most way back before Bitcoin touched $1, or when it rose parabolically to $1,000 or $20,000.

Markets will be the ones to decide if $100,000 is healthy enough for Bitcoin or not. If we're looking at past (and present) predictions, people believe $1M BTC is possible too. My mining knowledge is very limited. Wouldn't a $1M Bitcoin with.. say 6.25BTC block reward.. mean extreme profits for miners if the mining equipment and hashrate stays exactly as it is right now? Because at that point, I believe transaction fees would become a big problem (costs would be too high to handle) unless there is the possibility of adding more digits to BTC (like ETH) so the fees would be pushed back by a few digits..

A 6.25BTC block reward with BTC valued at $100,000 would mean $625k added to the Bitcoin market cap every 10 minutes. Is that too much? Once again, markets & time will tell. While we have a lot of people with the "there's always room for more" ideology, a $500B market cap is insane, let alone an $1T one. HOWEVER, the block halving event that takes place every 4 years produces the need of a higher Bitcoin price so miners could continue doing the job they are doing now. Otherwise, mining would be just an energy-wasting hobby not many would continue to do just for fun.

So the best thing we can do is just wait & see. If the world is ready for cryptocurrency adoption (although I don't think it is yet and it won't be for the next few years), a market cap ATH is very possible.

[Shinpako09]

Let's say history repeat itself and we had a bull run. 24 months as of today, so that is 2022. Mosy probably, by that time we are getting out of bull run or the fall has started already. I've never seen btc staying on top for a longer time. So that only says that prediction is way out of the line. Maybe they are popular traders just like you've said but even if there claimed has a back up, they are basically the same to those who only guess. They are the same that both of their speculation isn't guaranteed with or without back up. Sometimes they do such prediction to hype the situation.

[Kelvinid]

Let's say history repeat itself and we had a bull run. 24 months as of today, so that is 2022. Mosy probably, by that time we are getting out of bull run or the fall has started already. I've never seen btc staying on top for a longer time. So that only says that prediction is way out of the line. Maybe they are popular traders just like you've said but even if there claimed has a back up, they are basically the same to those who only guess. They are the same that both of their speculation isn't guaranteed with or without back up. Sometimes they do such prediction to hype the situation.

It may history repeat itself but I wondering if the price will repeat itself by then coz the situation isn't just like before. Yes, I will agree that Bullrun could be back again but I'm not convinced that the price will soars high more than a thing that it showed last 2017. I know that was because of halving were supposed to think it moving high, Bullish market but how about if this halving won't seemingly have the same result in the previous halving? Do we still to think that Bullrun could be happening again?

Even though we are so much hopeful its positive effect on the market but we can't tell that everything will fine. Only we could be optimistic about the price to move a little bit high but I'm not really been expecting the market to be like 2017.

[Kemarit]

I don't know if we are going to hold the predictions of this so called 'experts' here. I mean most of them have some incentives or intentions behind predicting exorbitant price of BTC. Still remember John McAfee $1 million prediction? Well, he did back out from it, because he admitted that he is just hyping it up. Yes, halving are a good catalyst here, but I have doubts if we are going to see 5 digits after that. Another thing that you have to think about is that where the hell is all the money going to come to push the price to even $50,000?