BTC 340k USD Q1 2022

[Shasha80]

Don't be too optimistic to see the increase in Bitcoin price which managed to reach the price of $ 28,000 this December, and don't think
that Bitcoin might not collapse like it did in 2018. Because it is impossible for Bitcoin to continue to rise in price, there must be a moment
Bitcoin has to be corrected first before the Bitcoin price rises even higher. And 2022 is too short for Bitcoin to reach a price of $ 340,000.

I don't believe that Bitcoin will be able to reach the price of $ 340,000 in 2022. Sometimes it's important that we think realistically, so be
careful investing in Bitcoin. Because at any time the price of Bitcoin can go down, and in my opinion, and I think setting targets must be
realistic. My advice is not to focus too far, it's better to prepare for 2021. What plans should we do in 2021.

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[AmoreJaz]

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.

thats the prob here. a newbie without any kind of analysis giving such prediction? how are you going to react, right? such an empty speculation here. i guess, we will be expecting a lot more threads giving their unsubstantiated predictions!!!
better keep it to themselves if they will not give some solid analysis, which is worth a discussion. reality check first!
i know, everyone is free to express their thoughts, but at least make it worthwhile for everyone...

[wxa7115]

I think this will be the top. Whats your speculation?

I am very bullish regarding the price of bitcoin for the next year but even I do not think that is going to happen that soon, you are asking for a 12x growth in just a matter of 3 months and while I cannot say it is impossible do you actually realize the kind of paradigm change that we will need for that to happen?

We will need that a great deal of institutional investors come to this market and openly buy all the bitcoin they can find and we will need as well that a great deal of the population sees this and decide they do not want to miss out on this huge bull run, and even if such an scenario were to happen I do not want to imagine the size of the crash that it will follow and how much this will damage the reputation of bitcoin and cryptocurrencies in general.

[stomachgrowls]

I think this will be the top. Whats your speculation?

Post up some analysis to show off on why you do end up with this speculation.Is there some sort of charting or indicators?

$340k is too much to consider in 2 years time and you should check on how we had moved in past or couple of years and even just seeing on a decade movement.

It isnt something that can be achieved in a short span of time and when making out some speculation then its better to be realistic so that you wont really get frustrated
when the market doesnt able to reach up that high.

[Ridwan Fauzi]

I think this will be the top. Whats your speculation?

Bitcoin still looking for the new all time high, I still remember there many threads which ask how price bitcoin at the end of this year after its price passed the previous all time high. Many user says that the price will only touch $25.000 and after that its price will meet a correction but they 're wrong now. In fact bitcoin can be able to reach $28.000 and now its price still trying to pass its price.

I mean, there is no specific strategy to know what bitcoin price in this future. The bull run market may run for the long time and $100.000 and above can be achieved but we have to see another side as well. If the bull run market is over then we will a huge dump will come. However, I still hope that the correction will not same with 2018 ago, I hope its price can stand above $20.000.

[yhiaali3]

I do not know why you chose this exact number  340k$? Give us some of the analyzes you did to get this bitcoin price prediction !!! Nobody can predict what will happen in two years, I can say that Bitcoin will rise dramatically in the coming years, but of course I cannot guess the exact price.

[exstasie]

I think this will be the top. Whats your speculation?

Good target. I'm loosely thinking $300-400K myself (will hopefully be able to add some more precision to that during the blow-off phase), based on a few extrapolations of past bubbles.

Very unpredictable though. Past performance doesn't guarantee future results and all that.

I'm also concerned that a future cycle (possibly this one) will blow all the past cycles, even 2011, out of the water. That's the S-curve scenario, the idea being that we are entering the vertical stage of the adoption curve.

This is one reason why I definitely won't be selling everything even if we get to the $300,000s. For all I know, this thing could run into 7 figures and then bottom out at $500K. You never know.

[Smitty Werben Man Jensen]

too early to say something like that, the current Bitcoin price is still at $ 27k,
of course you should know how the performance of the price increase, if directly pumped to $ 340k in Q1 2021,
then it could become a bubble and that's really terrible for Bitcoin itself .

[jostorres]

I think this will be the top. Whats your speculation?

Bitcoin still looking for the new all time high, I still remember there many threads which ask how price bitcoin at the end of this year after its price passed the previous all time high. Many user says that the price will only touch $25.000 and after that its price will meet a correction but they 're wrong now. In fact bitcoin can be able to reach $28.000 and now its price still trying to pass its price.

I mean, there is no specific strategy to know what bitcoin price in this future. The bull run market may run for the long time and $100.000 and above can be achieved but we have to see another side as well. If the bull run market is over then we will a huge dump will come. However, I still hope that the correction will not same with 2018 ago, I hope its price can stand above $20.000.

By this logic (which I agree) it is almost impossible to reach to 340k, after all we can't go non-stop from 25k to 340k, but we also shouldn't low play what bitcoin can do neither.

I agree that people were wrong, most people didn't even say 25k, they said 20k at best, and we did 28k+ so we should be proud and we can easily say that bitcoin will go higher than many people expected, that is very true and I agree with that. But 340k is not that price, now comparing the same, saying 20k and getting 28k is about 40% or so increase on what you expect right?

Well, for that to happen we need to think 240k is very very possible and everyone should be talking about 240k, that would be about similar, do we talk about 240k like it is going to happen for sure? We do not. Which is why I think 340k will not happen but you are definitely right a price we think as realistic will be broken and we will go higher.

[BITCOIN4X]

The amount you mentioned is not a small amount, but in my opinion it is not an impossible price for bitcoin.
I would really like to know some of the factors that support your current speculation, this will give us some reasonable insight.
I think the most realistic target in 2 years from now is $50-100K, I dare not say more than that and will probably just be a tough target to achieve.

[Qoheleth]

The last time I saw that number - $300k/BTC - was in 2013. There was a European silver salesman on here who calculated it based on what you'd get if you tried to fit the "market cap" (to use the term loosely) of gold into BTC.

At the time, the exchange rate's all time high was $260/BTC. It was easy, then, to dismiss the idea - a 1000x appreciation - as the sort of fever dream that bulls tend to get amidst the euphoria of bubble conditions.

It's a surreal experience to see numbers like that again today, when that "1000x appreciation" is more like "12x appreciation". All of a sudden it's a bit harder to dismiss.

[exstasie]

The last time I saw that number - $300k/BTC - was in 2013. There was a European silver salesman on here who calculated it based on what you'd get if you tried to fit the "market cap" (to use the term loosely) of gold into BTC.

Interesting. Gold's market cap might be a significant psychological resistance if 2013 is any indication. Back then, BTC topped out at the per oz gold price in the $1,200s. (At the time, Mt. Gox was the price everyone quoted for the 2013 ATH, not Bitstamp or BLX as is usually the case now)

With gold's summer rally bringing its total market cap to ~$10 trillion, that would put the BTC target around $500-550K!

It's a surreal experience to see numbers like that again today, when that "1000x appreciation" is more like "12x appreciation". All of a sudden it's a bit harder to dismiss.

That's for sure.

[ethereumhunter]

To be honest, I do not think how high bitcoin price in Q1 2022 because that will be a year from now. But the price could be at that price in 2022 because bitcoin has that chance to increase so high, especially if the mass adoption is growing fast and many institutions and people invest in bitcoin. But what I think is how much bitcoin price will increase in the next year because we are almost seeing the new year in less than a day.

[FEELEPIC]

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.

thats the prob here. a newbie without any kind of analysis giving such prediction? how are you going to react, right? such an empty speculation here. i guess, we will be expecting a lot more threads giving their unsubstantiated predictions!!!
better keep it to themselves if they will not give some solid analysis, which is worth a discussion. reality check first!
i know, everyone is free to express their thoughts, but at least make it worthwhile for everyone...

Check my edited post.

[passwordnow]

There were predictions that are higher than yours but with those reasons and analysis, it's very likely. Who would have thought that bitcoin will break $29,000? on the last day of 2020? From $4,900 to $29,000.
That's an abundance of gain! If my calculation is right, that's around a 600% gain alone for this year. And if this year(2021) will start at $28,000 and calculating that with the doubled percentage, it's $336,000 close to the OPs prediction.  

[wxa7115]

I do not know why you chose this exact number  340k$? Give us some of the analyzes you did to get this bitcoin price prediction !!! Nobody can predict what will happen in two years, I can say that Bitcoin will rise dramatically in the coming years, but of course I cannot guess the exact price.

Most likely he did none so there is nothing to show, at this point any number that you hear is possible taking into consideration the fast growth of bitcoin and like always we are only going to know how high it will go once that price has been reached and we see significant resistance at that point.

What I wonder is what it is going to trigger this moment? Institutional investors are not bulging one bit and are still holding their coins despite the massive gains they have accumulated, the new strain of the virus did not caused a single movement in the market, and the governments injecting more money to the economy if anything helped bitcoin, so what can stop bitcoin right now? That is something I do not know.

[Raflesia]

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.

People continue to speculate high as bitcoin prices continue to pump.

This is just a prediction so it's valid if they think this can reach 340k in Q4 2022 it is not impossible that what is happening now is not imagined by us and this is a big change where bitcoin will continue to be boosted.

If this comes true then it is all a gift from God.

[Wulan_maniez]

It’s no wonder that many predictions say that bitcoin will hit $ 100k or even $ 340K in the coming years. Whether it’s this year or 2022.
These predictions have become a hot issue in the public's midst. However, looking at the current price, I am  optimistic that  bitcoin will
reach $ 50K before reaching $ 340K by 2022. If the end of this year bitcoin can be $ 250K, it will be closer to $ 340K.

[thecodebear]

I think this will be the top. Whats your speculation?

Good target. I'm loosely thinking $300-400K myself (will hopefully be able to add some more precision to that during the blow-off phase), based on a few extrapolations of past bubbles.

Very unpredictable though. Past performance doesn't guarantee future results and all that.

I'm also concerned that a future cycle (possibly this one) will blow all the past cycles, even 2011, out of the water. That's the S-curve scenario, the idea being that we are entering the vertical stage of the adoption curve.

This is one reason why I definitely won't be selling everything even if we get to the $300,000s. For all I know, this thing could run into 7 figures and then bottom out at $500K. You never know.

I could see it going to such high numbers, like half a million or a million. But if it does I think it'll be part of a multi-year bull run. I don't see $300k, $500k, etc happening in roughly a year. Institutions aren't going to buy it up that high that quickly, and there would definitely be a retail blow-off top before it gets that high. But I could totally see above $500k before 2025 in a series of bull runs that basically form into one long multi-year bull run, where institutions keep gradually piling in and there are retail bubbles here and there as it goes along.

At $20k, $30k etc, institutions are making wise and calculated decisions to get into Bitcoin. They I am sure would be willing to wait for lower prices if the price shot up from say $50k this Spring to like $150k or $200k or so by end of year. There is no way they'd keep fueling it to $300k or higher. They'd step back, some that are more into playing the market would take profits, retail investors would take profits, there'd be a panicked drop, and once institutions felt safe investing again they'd start piling back in. I could see this happening several times over the next few years though without any sustained bear market in between that drives the price up to that $500k range in the course of a few successive bubbles rather than just a single year long bubble. My general thinking at this point is $100k+ in 2021, $500k? in 2025, whether thats with just constant grinding upwards in between or a bear market I don't know, but I doubt institutions are just gonna stop buying for a couple years now that the flood gates have opened, so I would bet on the multi-year S-curve bull run playing out over the next 5 or so years that maybe 20x's the price from here.

But if you're right and a year or so from now we're looking at 10x from here I ain't gonna be complaining ;p you already convinced me in one of these threads to sell gradually over time and not sell everything when it passes $100k.

[acener]

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.

I agree with this the 6 digit prediction is too much don't be so excited because of the bull run,
Because it wouldn't stay for that long we know that the season changes so expect to have a bear market too.
It isn't just going to climb all the time there would be a time that it would pull back and drop down so let's be realistic.
But we all could dream of a price that we want so we should let OP have it that way.