We're almost half way to 100x (250k)

[jackg]

In 2018 we saw drops down to ~2900 and recently we dropped to around $4000, we're now already 600% up from the $4000 figure. I don't see $250k being completely out of reach by now, since an extra move as big as we've seen ever the past few months would take us to $120k.

(This is just a curious evaluation I don't want anyone trading based on this alone - it's normally not the best time to buy when everyone's bullish or if it is it's riskier to do).

[cr1776]

In 2018 we saw drops down to ~2900 and recently we dropped to around $4000, we're now already 600% up from the $4000 figure. I don't see $250k being completely out of reach by now, since an extra move as big as we've seen ever the past few months would take us to $120k.

(This is just a curious evaluation I don't want anyone trading based on this alone - it's normally not the best time to buy when everyone's bullish or if it is it's riskier to do).

Buy when there is blood in the streets.  Be “fearful when others are greedy, and greedy when others are fearful.”

[LFC_Bitcoin]

$150,000 is definitely possible & to be honest I’d say likely at some point in the next 12-18 months. With the way traditional investments are performing, low & possibly negative interest rates, constant fiat money printing etc bitcoin is a very attractive asset.

The institutional money will come like a tsunami in 2021, we’ve never seen anything like it.

HODL.

[Wysi]

Indeed, it's a massive gain since last bear market and this is a proof that $120k does seem to be far away but it's neither gonna take place in 2021 as Bitcoin requires ample amount of time since we have achieved this percentage of price increase in a span of 3 years. We should be optimistic but not unreasonable in terms of prediction.

[AjithBtc]

There is marginal fluctuation happening with the price. People are observing the market closely. The market that fell will grow, because the ending days of year used to make a big price rise. In comparison to the ath value the price has dropped little. Maybe this corrective fluctuation is for a large scale price pumping. $250k is beyond imagination, but can experience the reality within next five years of time.

[milewilda]

In 2018 we saw drops down to ~2900 and recently we dropped to around $4000, we're now already 600% up from the $4000 figure. I don't see $250k being completely out of reach by now, since an extra move as big as we've seen ever the past few months would take us to $120k.

(This is just a curious evaluation I don't want anyone trading based on this alone - it's normally not the best time to buy when everyone's bullish or if it is it's riskier to do).

Not to be bitter on having these kind of numbers but if we do consider on how big the marketcap would be on reaching 250k then i dont know on what would be the situation in terms of comparison
of Bitcoin and with the top fiat currencies when it comes to value and also to others.
We can presume out those high multipliers when the price was still soo small but since we are already in 20k+ side then reaching 600% or 100x is
almost out of reach.Being bullish isnt a bad thing but if i do mind off that way then im not really that patient on waiting up for too long.
It can be reach but not might be on my lifetime lol.

[jackg]

Not to be bitter on having these kind of numbers but if we do consider on how big the marketcap would be on reaching 250k then i dont know on what would be the situation in terms of comparison
of Bitcoin and with the top fiat currencies when it comes to value and also to others.

The £ sterling has a market cap of around $3tr+. Btc valued at $300k is $6.3tr, I don't think it's beyond reach. If it happens it'd be a nice fuck you to Amazon too . But we can expect a colossal crash, 80%+ again I reckon.

There is marginal fluctuation happening with the price. People are observing the market closely. The market that fell will grow, because the ending days of year used to make a big price rise. In comparison to the ath value the price has dropped little. Maybe this corrective fluctuation is for a large scale price pumping. $250k is beyond imagination, but can experience the reality within next five years of time.

I avoid posting this sort of information until we're in a bead period. I don't want to influence gambling but rather confidence to holders and buyers near the top.

We always must boil over before going higher (for the healthiest move) ...

$150,000 is definitely possible & to be honest I’d say likely at some point in the next 12-18 months. With the way traditional investments are performing, low & possibly negative interest rates, constant fiat money printing etc bitcoin is a very attractive asset.

Nothing seems to correlate with each other in the stock market either and we normally recover fairly fast after a crisis - this time we've taken longer in most places.

I think we need to see some sort of start to an economic boom or a lot of developments in crypto (even defi becoming more stable and offering better interest rates than banks and most places).

[thecodebear]

All we need is time. Bitcoin is an unstoppable money gobbling machine. Now that the so called "smart money" is finally starting to get smart and enter the fray, it's only a matter of time until a quarter million dollar price is standard. I think it'll probably be 5 years until it gets there, but yeah just needs time. Bitcoin, as is, is already on its way to being digital gold / reserve currency for the world, and the big money institutions are finally starting (only just starting) to realize that.

An expanded DeFi and a scalable Ethereum to expand the other side of the crypto world (smart contracts) will help out as well as it'll raise the level of the entire crypto market including bitcoin. Just needs time.

[crwth]

I'm concerned about how much volume it's going to be when it reaches that amount. The volume of money that would be invested to reach that amount. That's really a high figure and considering that we have reached another 600%, I'm sure that the news about it is widespread. It can reach another new high in the following months.

I hope it's not going to be a constant USDT printing. 

[TravelMug]

In 2018 we saw drops down to ~2900 and recently we dropped to around $4000, we're now already 600% up from the $4000 figure. I don't see $250k being completely out of reach by now, since an extra move as big as we've seen ever the past few months would take us to $120k.

(This is just a curious evaluation I don't want anyone trading based on this alone - it's normally not the best time to buy when everyone's bullish or if it is it's riskier to do).

Yeah, and with the way bitcoin's narrative from a speculative asset to be more of companies hedge and the next gold, I'm not surprised that in the next 2 years the price could peak on 6 digits.

So I definitely agree with your curious evaluation and I'm sure there could be more members here that could agree because that's where everything is looking at to even as high as $300k down the line.

[sunsilk]

Not to be bitter on having these kind of numbers but if we do consider on how big the marketcap would be on reaching 250k then i dont know on what would be the situation in terms of comparison
of Bitcoin and with the top fiat currencies when it comes to value and also to others.
We can presume out those high multipliers when the price was still soo small but since we are already in 20k+ side then reaching 600% or 100x is
almost out of reach.Being bullish isnt a bad thing but if i do mind off that way then im not really that patient on waiting up for too long.
It can be reach but not might be on my lifetime lol.

You need to be patient if you want to witness those high prices that are out of reach for the moment. We have never been this so bullish and this is greater than the last bull run that we get. Not ignoring the possible crash or plummets that would likely to be heavier than March's but it would also open the idea that it could go up as greater than we have.

More fiat printed, this would turn people to start thinking of a valuable asset that they can turn in. One idea would be bitcoin since it's getting the idea through mainstream and traditional financial institutions.

[NeuroticFish]

it's normally not the best time to buy when everyone's bullish or if it is it's riskier to do

MicroStrategy has just done this. And although many are surprised by it I find it normal:
1. It's consistent with the rule to buy more times over longer period of time.
2. It validates the analysis that the bull run (or bubble?) is just at the beginning.

[davis196]

In 2018 we saw drops down to ~2900 and recently we dropped to around $4000, we're now already 600% up from the $4000 figure. I don't see $250k being completely out of reach by now, since an extra move as big as we've seen ever the past few months would take us to $120k.

(This is just a curious evaluation I don't want anyone trading based on this alone - it's normally not the best time to buy when everyone's bullish or if it is it's riskier to do).

600% growth from 4K USD to 24K USD is one thing.
100x growth from 25K USD to 250 USD is a completely different category.I assume that,if the insane money printing continues and there is no FUD coming from the G-20 governments,the cryptocurrency marker cap might reach 1 trillion USD somewhere around 2021 or 2022.
However,a 1 trillion USD market cap isn't enough for a 250K USD Bitcoin price.We need way more capitals invested into the crypto markets.Probably around several trillion US dollars.
We don't know what will happen after the pandemic ends and when will it end?

[pooya87]

But we can expect a colossal crash, 80%+ again I reckon.

No we can't YET because such "colossal crashes" only happen after bubbles not after rallies. What we had so far was simply a bull run with price going up and there is no bubble in sight.
But when we enter a bubble, like reaching $500k then we can expect the price to crash hard like it has always done in the past.

Is it good time to buy? Not the best but yes, people aren't really bullish on bitcoin yet. If they were then we would have seen a lot more bullishness in the market with rises every day instead of an initial small rise after the ATH was broken followed by a healthy correction and now a shrinking daily fluctuation (9% yesterday and 3.7% today!) heading towards stability and possibly accumulation again.

[globalpain]

$ 200k may seem very expensive for Bitcoin, but such a price is still very feasible to achieve, yes 100x is still possible,
it's just that we have to be able and hold for a long time.

[7788bitcoin]

(This is just a curious evaluation I don't want anyone trading based on this alone - it's normally not the best time to buy when everyone's bullish or if it is it's riskier to do).

There were many who were planning to invest during a correction and that plan was extended due to the pandemic and the job insecurity but now i missed the boat altogether because i am not too confident in investing during this period when the price is touching its all time high valuation and there are many who missed the boat as well  .

I still expect a correction before the valuation goes higher and hopefully will get a chance to invest as well but with institutional investors ruling the market whenever there is a minor correction they are investing heavily and i would like to see how long they will follow the same pattern.

[RealMalatesta]

The difference between going from $4k to $20k (making a 5x return) to making a $20k to $100k (5x again) return is the amount of money required. What people who calculate by % forgets is that going from $90k to $100k requires tens of billions of dollars easily, whereas going from 10k to 20k doesn't require the same amount of money, it requires a lot less money to go from $10k to $20k. So, here we see that 2x profit (going from $10k to $20k) is not the same as nearly 10% profit when you are going from $90k to $100k, still $10k but requires 10x more money on a lot less profiting.

So, basically you spend more money to bring it higher at high levels while not profiting, so why should they do it? It means less people do it, and that makes things harder. Not saying it will not happen, we could still go to $250k and even maybe more one day, I just wanted to explain why it is harder.

[wxa7115]

In 2018 we saw drops down to ~2900 and recently we dropped to around $4000, we're now already 600% up from the $4000 figure. I don't see $250k being completely out of reach by now, since an extra move as big as we've seen ever the past few months would take us to $120k.

(This is just a curious evaluation I don't want anyone trading based on this alone - it's normally not the best time to buy when everyone's bullish or if it is it's riskier to do).

The only problem I see is that you are dismissing the crash that will come, lets assume this bull run takes to the 40k level and then a crash happens that take us back to the 10k level at that point the 250k level will still be completely out of reach for the next bull market but the 120k level may be in the cards.

At the end it all depends on how we make our calculations so we could always imagine an scenario in which bitcoin reaches 250k or an scenario where the price drops dramatically, still it is interesting to read the opinions of other member on this topic in particular because I sincerely hope that I am the one that is wrong and you are the one that is right since that will benefit us all.

[Untomabur]

even though the most popular speculation right now is going up to $ 350k,
but still don't know when that will happen, yes experts say it will be at the end of 2021, for me it is still a dream.

[Cherylstar86]

even though the most popular speculation right now is going up to $ 350k,
but still don't know when that will happen, yes experts say it will be at the end of 2021, for me it is still a dream.

That an impossible thing to see this year, we're just only about to see it up to $35k and yet many speculated until thousands? Even if the price struggles to beat $20k this year, the heart warming convictions were still there raging.
Dreaming isn't bad, but we need to optimized our mindset in order to prevent frustrations.