FEELEPIC (OP)
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December 27, 2020, 02:20:41 PM Last edit: December 31, 2020, 01:24:20 PM by FEELEPIC Merited by JimboToronto (1) |
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I think this will be the top. Whats your speculation?
EDIT: Alright some of y'all have been asking me why i think this will be the top.
With this corona nonsense (Which i think will continue for the foreseeable future) , we are seeing small businesses go bankrupt and homeowners soon to be facing the call of foreclosures in the upcoming year because of the drop in growth with GDP while large corporations are reaping the benefits of this. As they are all controlled cronies working with some three lettered you know whats. (Amazon example.) Now because of this , they are pushing an agenda , to phase out cash. A cashless society if you will with the "The Great Reset" that Klaus Schwab is behind. (World Economic Forum aka WEF) This is problematic because centralized systems within banking are a problem especially if they are able to commit to Quantitative easing (Or the printing of money out of thin air) without the public notice. (Look up the Fed Monetary printing policy and watch the amount of dollars printed or check European Central Bank ECB)
Lets be honest , if you were able to print money out of thin air , do you care about the consequences if you were caught? NOPE!
"Permit me to issue and control the money of a nation, and I care not who makes its laws!"
Mayer Amschel Rothschild
So lets say cash is removed and all money turns (or as it has always been) digital. Only debit cards / credit cards exist (Or injectables?) which will monitor your usage / spending habits and if they want at any time to stop you from you using the system , they can simply turn off your card. How will you live in a society that no longer offers cash? You will die. Now add punishment on top of it by turning off your card when you have been bad. Now imagine if they viewed us in crypto or anyone against their ideologies of 1 world governments and 1 world currencies etc.... We would be deemed a dissident.
Obviously crypto will be your refuge.
Besides the doom and gloom.
Now imagine all of these rich people + rich firms realizing this to be the case...? 340k USD roughly around 6T in Market cap? Still smaller than the Market cap of Gold. Which leads to funds like VC / hedge funds / private equity / HNWI to hedge their bets against the collapse of fiat currencies around the world. Black rock investment firm holds what 6T in assets alone? Not only that we are talking about nation states who have an interest in power to control many precious metal assets + assets throughout the world , an example is china who owns a majority of the gold mines around the world + the Bitcoin miners in the world. A lot of them come from China.
But at the end of the day , I still firmly believe that we will see 1 satoshi = 1USD.
I think this upheaval will happen through 2021 due to the numerology number of 5. (2+0+2+1) Also in Chinese Zodiac , 2021 is the "Golden Bull year" which is the Metal Ox (Gold / Metal whatever) Obviously it could go to 1M per BTC or 100M and that would be great but that would also mean that the trust in our governments and the people who run the world has been lost and people see the truth behind our system which has enslaved us for many generations.
Long Bitcoin. Short the Bankers
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Yaunfitda
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December 27, 2020, 02:47:27 PM |
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It's to see where the price could be in 2 years because no one has the crystal ball here.
But in any case though, I believed that we might also see the four year cycle broken, i.e from 2017-2021. There could be new highs in 2022 as well. So it could be like five to six year cycle now as the exponential growth might take so long to even achieved $100k or even more. Nevertheless, if we see the price continue to steam roll till 2021-2022, then who knows, maybe $300k is just waiting to be touch.
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The Cryptovator
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December 27, 2020, 05:35:35 PM |
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We know that everything is possible in crypto. Do you think $340K is a small amount? Do you believe that Bitcoin will never drop? I don't think so. Don't be over-excited due to the current bull trend. We should learn from the past. In the year Bitcoin was $20K, but after that, we encountered a huge dum which was stopped at almost $3K. So, don't expect much that Bitcoin will grow continuously. You should say thanks if Bitcoin at least crosses $50K in Q1 at 2022. Then we may break past records made by Bitcoin. So, I don't have faith that Bitcoin will touch $340K in Q1 2022, it's just my own opinion, not a prediction.
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Gozie51
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December 27, 2020, 05:52:25 PM |
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2022 from now is like a year and half. If we are to look at the price since 10 year ago to how bitcoin has achieved it price yearly, we can't believe that such is possible to happen. Likewise in my own, I think it is a difficult price for us but we know that with bitcoin, anything is possible.
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JimboToronto
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December 27, 2020, 06:04:12 PM |
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$340k?
That's a fairly conservative, typical speculation from experienced Bitcoiners.
Unusual from a noob.
Welcome.
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electronicash
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December 27, 2020, 06:16:41 PM |
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dont expect too much for all we know after the price lands on 40k we'd once again expeirence the longest bear market. this isn't sure yet but just so your profit will be rest assured, do what is needed before its too late.
thinking about 340k by Q1 already want me to sell everything for btc
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Mulann2
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December 27, 2020, 06:18:01 PM |
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If btc can really cost this much then I can just buy a few bucks and forget about it till 2022, by then my investment must have grown in value a lot, btc is moving very fast but I no this momentum will take a rest soon, and if we don't see 2017 scenario then it is possible maybe, am terrible at prediction ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Poker Player
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December 27, 2020, 06:19:04 PM |
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I think this will be the top. Whats your speculation?
I haven't reported the thread because this is the speculation section but it would be good in the future if you give some reason, even 1, why you think that will be the case. As I said in another thread, one can clearly see that we are in a bull market, not only because of the price but also because these kind of threads. I hope you are right OP, even if that prediction came out of inside your ass.
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FEELEPIC (OP)
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$340k?
That's a fairly conservative, typical speculation from experienced Bitcoiners.
Unusual from a noob.
Welcome.
i actually came around the time when Monero was first introduced to the market. (After the whole bytecoin scandal) but i've been focused on XMR because i think Tari is going to be a huge advantage , and also because i think (Just an opinion) that Monero is what Satoshi would have wanted from BTC. Cheers Jimbo. I think this will be the top. Whats your speculation?
I haven't reported the thread because this is the speculation section but it would be good in the future if you give some reason, even 1, why you think that will be the case. As I said in another thread, one can clearly see that we are in a bull market, not only because of the price but also because these kind of threads. I hope you are right OP, even if that prediction came out of inside your ass. Don't make me get diarrhea now.
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kentrolla
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December 28, 2020, 01:45:50 PM |
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Let's give logical speculation before typing anything I understand everyone has the freedom to share the thoughts but this is something strange and fishy, does it mean the price of BTC is rising so that we can predict whatever we want? Not at all, one thing you need to understand is every rise has a fall in Cryptocurrency, none of them across the world have the capability to predict the exact price. Only there is a huge demand the BTC price will rise, if the demand is over then you will come to what actually happens ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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philipma1957
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December 28, 2020, 02:46:38 PM |
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$340k?
That's a fairly conservative, typical speculation from experienced Bitcoiners.
Unusual from a noob.
Welcome.
i actually came around the time when Monero was first introduced to the market. (After the whole bytecoin scandal) but i've been focused on XMR because i think Tari is going to be a huge advantage , and also because i think (Just an opinion) that Monero is what Satoshi would have wanted from BTC. Cheers Jimbo. I think this will be the top. Whats your speculation?
I haven't reported the thread because this is the speculation section but it would be good in the future if you give some reason, even 1, why you think that will be the case. As I said in another thread, one can clearly see that we are in a bull market, not only because of the price but also because these kind of threads. I hope you are right OP, even if that prediction came out of inside your ass. Don't make me get diarrhea now. . Thank you for a morning laugh.
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FEELEPIC (OP)
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December 28, 2020, 02:54:47 PM |
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I think this will be the top. Whats your speculation?
I haven't reported the thread because this is the speculation section but it would be good in the future if you give some reason, even 1, why you think that will be the case. As I said in another thread, one can clearly see that we are in a bull market, not only because of the price but also because these kind of threads. I hope you are right OP, even if that prediction came out of inside your ass. Don't make me get diarrhea now. [/quote]. Thank you for a morning laugh. [/quote] Live laugh and love my friend.
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BrewMaster
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December 28, 2020, 02:59:51 PM |
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I think this will be the top. Whats your speculation?
well you didn't give us any speculation yourself, you just throw a random number at us ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) if you want my opinion, $340k is too low and Q1 2022 is too far away. we area already setting new records and the bull run is speeding up. and that's while we are at the end of year and usually at this time of year the market activity shrinks instead of growing like this! i wouldn't be surprised if $340k was surpassed in second quarter of next year. after all it is not that far 1000% rise is what we had in first half of 2017 and that is when the biggest debates of bitcoin history and biggest attacks against bitcoin were taking place. we have none of it now... #frictionlessrise
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There is a FOMO brewing...
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meldrio1
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December 28, 2020, 04:08:27 PM |
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I believe bitcoin will hit that price but speculating first quarter of 2022 will happen, I'm not sure if bitcoin could touch $340k seems impossible, it is too high for bitcoin to reach that in just a year maybe around $50k I guess because this time bitcoin is bullish so in the next year I expect the downfall of bitcoin maybe the bottom price will be $10k.
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Harlot
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December 28, 2020, 04:18:31 PM |
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@OP if you are giving a solid and exact number it would be better to tell the reason why you pick that number as your prediction. Explain it to us how you come up for that number or what's the reason behind it. Or are you just here trying to throw a random big number where you are just waiting for ideas of other members here? Because if that is your main object I think just asking them directly would be beneficial and less time consuming. Nevertheless predicting in a long time frame like that is worthless since all predictions would be inaccurate.
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Gozie51
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December 28, 2020, 04:39:46 PM Last edit: January 03, 2021, 04:54:49 AM by Gozie51 |
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I guess because this time bitcoin is bullish so in the next year I expect the downfall of bitcoin maybe the bottom price will be $10k.
Don't spread fud or fear to get into the price rally. Don't be surprise that price may not get down to your expectation. Correction may come but I don't expect 10,000 price for bitcoin. The analysis are not predicting bitcoin to fall back to such price.
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Wysi
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December 28, 2020, 05:34:54 PM |
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I am sorry if you find my response bit rude but I want to know on what basis you think Bitcoin will this random figure ? I know Bitcoin is going crazy and unstoppable but isn't it too early to predict such a huge figure? We saw similar predictions in December 2017. Let's not complicate things but posting just for the sake of post count.
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teosanru
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December 28, 2020, 05:46:16 PM |
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Well an old theory suggests there are two halves of your brain the right brain being more into creativity while left one being more logical. Now my left brain suggests that this can't really be possible. And there is not a single reason why this can't be a reality. Just a few reasons are the lack of market capitalization that is needed to take it to 340k. Security like bitcoin increases merely with the market cap. If bitcoin has to reach 340k we need to have around 12 times more than the market cap there is now. This means at least 10 times more money needs to flow into BTC markets to make it reach this price which in such a short span looks a bit impossible to me. If it happens without any increase in market capitalization then it would be just like a bubble and nothing else. But then comes my right brain which has seen BTC doing such sort of things in the past and it thinks that 340K is nothing if you see the way it increases from 2k to 28k today.
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DeathAngel
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December 28, 2020, 09:47:20 PM |
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I think maybe $150,000 per BTC at Q1 2022. We might peak in Q4 of 2021 though, will be interesting to see how it plays out, this bull run is going to be so explosive.
$340,000 seems a bit much but would love that prediction to come true.
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arwin100
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December 28, 2020, 09:57:36 PM |
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I think maybe $150,000 per BTC at Q1 2022. We might peak in Q4 of 2021 though, will be interesting to see how it plays out, this bull run is going to be so explosive.
$340,000 seems a bit much but would love that prediction to come true.
Yeah $100,000 - $150,000 is the reliable price that we can predict for but any other big speculation seems will give a hard time to the market to achieve for, but if government and other big companies will adopt bitcoins and contribute to its marketcap maybe we can see it numbers became real.
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