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Author Topic: Bitcoin reach to $100K ?  (Read 1297 times)
peter0425
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August 15, 2020, 12:05:37 AM
 #21

100k?! imposible, BTC is struggling to get the $15k, how much more the $100k level. its purely a dream which is impossible to achieve by now.. We should be happy if BTC will reach $15K to $20K within this year. many people including myself are optimistic that this range will be realized before the 2020 calendar will end. Currently, BTC is traded at $11k and has gaining support to hold the position.

Whats your basis of being impossible? When bitcoin was created nobody was expecting it could hit 15k, dont limit your possibilites we all know anything could happen, bitcoin volatility is very unpredictable.

That's the very example, no one knows that bitcoin will reached $20K.

There's no limitations once the bull run start to push harder we can't say if what will be the next target,
Every adoption counts, from their we will see how things will go whether bitcoin will reach that amount
or maybe it will pass it up and reached much higher.


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August 15, 2020, 12:21:06 AM
 #22

Crypto Trader's the most preferable subjet is the prediction about bitcoin.Many analysts predicted how high and low bitcoin prices could go, similarly, Samson Mow, CSO in Blockstream, which is a leading provider of blockchain technologies and CEO at Pixelmatic, tweeted his opinion on the bitcoin price.What is your opinion?

Where is the link?

Anyway, here is it, https://twitter.com/Excellion/status/1289358765796413441

What do you expect though, I mean he is the CEO of a blockchain provider so obviously he will shill for BTC to reach as high as $100k. But if you really wanted to see if it is possible, I urge you to read this, Stock-to-Flow Model: Modeling Bitcoin's Value with Scarcity.
They are not shilling they using TA like elliot wave and fibonacci to predict the future price based on movement of BTC. I actually see that because if BTC price fluctuation continue exponentially. That prediction is possible within 3 to 5 years. It's not clear right now because we are testing new ATH. But once that ATH resistance broke, Growth will be exponential just like the old time.

They should put disclaimer on there prediction although they have TA to support his claim, It's still a possibility which can result to FUD. I agree on you that the CEO of Blockchain related project should not comment a BTC prediction because it was conflict of interest.

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August 15, 2020, 12:57:47 AM
 #23

Crypto Trader's the most preferable subjet is the prediction about bitcoin.Many analysts predicted how high and low bitcoin prices could go, similarly, Samson Mow, CSO in Blockstream, which is a leading provider of blockchain technologies and CEO at Pixelmatic, tweeted his opinion on the bitcoin price.What is your opinion?
And they are motivated to that? It is very reliable to do prediction that much closer to the current situation. Most people are tired of listening to those predictions that are out from reality, $100k, 200k, and more. Pretty sure they can catch attention to the reader because of their popularity but that is not all about. I understand that they are just optimistic (really optimistic) individuals but how people would believe them since we know the current situation and sees it is actually hard to reach.

I'd never disclosed that chance but I'd never push myself to think that high. I'm an optimistic person but I don't want to drag people to believe and keep believing that would be the future of Bitcoin, it is not really good anyway.

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August 15, 2020, 01:07:25 AM
 #24

100k is a price that is actually easy to achieve, it's just that we need to work hard to convince those people that bitcoin is the safest investment, maybe it is necessary to see it in the next 1 or 2 years, lots of great people do that analysis and prediction, but let's see it in the near future whether it will hit up to 20k

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August 15, 2020, 01:09:59 AM
 #25

100k is a price that is actually easy to achieve, it's just that we need to work hard to convince those people that bitcoin is the safest investment, maybe it is necessary to see it in the next 1 or 2 years, lots of great people do that analysis and prediction, but let's see it in the near future whether it will hit up to 20k

No, who says we need to work hard just to convince other people? What we need is time, it will take a lot of time before they know and realize the true function of bitcoin. Adoption will come over time, convincing is unnecessary, sooner or later, people will come itself trying to learn about bitcoin.
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August 15, 2020, 01:25:49 AM
 #26

I personally feel that we are a long way off to reach anywhere near the 100k level any time soon. Reaching 20k which was 2017 high would be the first target and even that seems very hard now.

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August 15, 2020, 01:34:39 AM
 #27

Just a prediction, mate. All people can make a prediction about Bitcoin price, and no one of them have a right prediction. Prediction about crypto can go to the moon always happen in order to make FOMO effect. You should not invest based on someone's prediction. Don't forget about John McAfee's prediction that Bitcoin would hit $1 million at 2020, now half 2020 has passed and Bitcoin is only $12k.
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August 15, 2020, 02:35:58 AM
 #28

anything can happen in crypto, in that era (10.000 bitcoins for 2 pizza) and at that time when someone said if bitcoin would reach $20k surely that person would be said to be insane right? but all proved in 2017. Likewise now if an expert says bitcoin will reach $100k would also be considered insane.
Bitcoin can go up to $100k but we don't know when that will happen.

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August 15, 2020, 03:34:54 AM
 #29

I personally feel that we are a long way off to reach anywhere near the 100k level any time soon. Reaching 20k which was 2017 high would be the first target and even that seems very hard now.
It may happenut that will need a few decades to make the price of bitcoin will worth more than 100k in the future. I may believe bitcoin has a lot of potential but as you said before the ATH must be broken by bitcoin to be able reach such rate for sure.

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August 15, 2020, 03:39:59 AM
 #30

if the time comes it will reach 100k.. but for the time being it's not appropriate to say that it will reach $100k..for bitcoin we know what it can do.. but speculating the price is difficult.

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August 15, 2020, 03:49:56 AM
 #31

No matter what price they predicted bitcoin could go still there's no assurance that it will happen in the future. Anyone can make their own analysis and predictions and its up to us if we're going to believe it. On the other side I think $100k is unrealistic, I would go for $20k the last ath because it has a possibility that we can reach that price soon since the market is somehow improving.



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August 15, 2020, 04:02:18 AM
 #32

Bitcoin $ 100K ,? in the long term maybe it can happen, at least after all Bitcoin is mined, the price will stabilize, because the demand increases while the supply is fixed, the game of whales will be implemented to control the circulation of Bitcoin.
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August 15, 2020, 04:25:47 AM
 #33

Meh. You can't even speculate that 20k is around the corner, OP.
Let's just wait for the price to tell something to us as we can't tell the price anything.
I've seen plenty of these threads way before 2017 when people were already speculating millions of dollars price of Bitcoin. I wonder where they're now.

PS: I think this should be moved to Bitcoin Discussion board since it has nothing to do with altcoins.

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August 15, 2020, 05:16:58 AM
 #34

In my opinion, the price of bitcoin will be $1 million this year, which is never possible. However, in the future, that is, in the following years, the price may increase to $1 million . But this year $20k is enough. I hope the price of bitcoin will be $20k this year. What kind of change do you expect? Do you agree with me.
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August 15, 2020, 05:31:32 AM
 #35

There’s a rule in Bitcoin’s monetary protocol that causes the rewards for mining new bitcoins to be cut in half every four years (roughly). Miners currently earn an average of 1800 Bitcoins per day, which in 2020 will be reduced to 900 Bitcoins. The halving will act as a distinct price trigger with less Bitcoin being distributed into circulation and increased demand.
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August 15, 2020, 05:37:48 AM
 #36

bitcoin could touch $ 100K but it really takes a long time because the difference is very far if viewed from the current price of bitcoin, I hope bitcoin will be more popular in the eyes of the world so it's not hard bitcoin touch $ 100k






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August 15, 2020, 06:51:01 AM
 #37

everyone has their own prediction because he is an experienced person in blockchain, of course his opinion gets responses from many people, regardless of whether it is true or not. even mcafee predicts that bitcoin will hit $ 1 million one day.

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August 15, 2020, 07:08:56 AM
 #38

all can make predictions and cannot be blamed for doing that because no one will be harmed by their predictions. although maybe the person who made the prediction is a person who is famous in the field of crypto, even though he could have made a wrong prediction and will not guarantee it can be true.
based on how ridiculous this idea of $100k btc price is I want to make an assumption that the predictor is mr McAfee.
Known for his absolutely bald statements about bizarre stuff

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August 15, 2020, 07:25:00 AM
 #39

It will be great to see bitcoin at 100k but to me that is a tall dream that might not come so easy. Like OP said, so many prediction have been made about bitcoin going to 100k and even going above 100k, we can only hope and wait to see what will happen eventually.

We all know it's not something that will come easily and fast, time will have to pass, maybe we will have to wait for years, but there's a chance for that to happen, and many of us believe that chances are high for that to happen. I am optimistic about that, it will take time, but it will happen one day!



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August 15, 2020, 07:53:04 AM
 #40

Truly speaking, it is not possible at least in the near future. It depends on how much time duration we are considering. Looking at the previous peak value, it may go to 25K or 30K but will definitely take time.

Agree. i know bitcoin value or should i say some alt coins is possible to hit the highest price but it takes time before it happens. Just like what happened last last year, Some people got surprise by the sudden rise of its value. What’s good to do right now is to hold your coin if you have or invest it in a good projects.

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