Will reaching 100k be a self-fulfilling prophecy?

[Poker Player]

After watching Sunny Decree latest video: https://www.youtube.com/watch?v=xYkoilN4PJ4

I have been thinking about the importance that the psychological part can have in the price increase.

He gives 4 reasons:

1) Market Cycles (Institutional Phase).
2) Self fulfilling Prophecy.
3) Retail FOMO about to get started...
4) Only a small percentage of the population own bitcoin and that can only increase, thus increasing demand.

I want to focus on the second one.

Most predictions (I'll leave out the bitcoin haters and nocoiners) give at least $100k for this cycle, some quite a bit more. Then, when the price is closer to 100k, say 80k, people who are thinking of buying, even if it is unconsciously, they will think they have at least 20% potential profit. This will increase demand and help the price go up.

Something similar happened with the 10k barrier in 2017.

This is the first time I have heard this concept applied to investments and it has given me food for thought. I believe that if we reach 100k in this cycle, it will have been more due to institutional investment than to psychology but I wonder what role psychology will play.

I don't know if you've heard this concept applied to investments and how important you think it might be.

[ImHash]

There are 3 types of people (investors), one that analyses the market, knows the ups and downs, follows the news every day, knows the politics, and then starts to invest. type one is actually in a position of power, either working for a government or working with them as a partner, they usually have billions and know where and when to invest, these guys actually make opportunities by planning major changes in the approach of companies and big investors towards the market. they would come up with new plans and the horde will follow.

They will benefit the most because they are the ones guiding the price up, funnily enough, they are the ones behind the price drop, this has been going on for years since they are the ones with the strategy on how to dominate this market. It's nothing new though, this has been going on for a long time.
Bitcoin just presented them with new opportunities and a fresh market to build their vast and modern empires online, cool ha?

Type 2 doesn't really matter to type 1 as to what happens to them but type 2 really matters because they are like the water for the trees, type 1 eats the fruits, and type 3 are the trees, they live as long as there are water and someone who guides the water through the garden.

where is the benefit of water? they become recycled, become clouds, and travel to see other places(markets). There is no self-fulfilling prophecy, it's all part of a long and smart plan. Of course, there are a few worms here and there leaching off the fruits, going inside the fruits and hide to eat and get fat enough to either come out like a juicy meal for the birds or stay there to die when there is no more fresh supply of food.

[TGD]

Self fulfilling prophecy usually used on Technical Analysis. Since all traders know the pattern due to history. The price moves that way because all traders have guide. This is different on what you describe as self fulfilling prophecy.

That's a speculation hype, There's no proof that the price go that far compared to Technical Analysis that there is indicator supporting it. Surely at some point this might hit because of possibility.

[pooya87]

Most predictions (I'll leave out the bitcoin haters and nocoiners) give at least $100k for this cycle,

To be honest I have seen anyone having their own prediction that had a range from $10,000 all the way to $1,000,000. I can't categorize any number at the top of the list as "most predicted". $100k specifically wasn't even the most predicted price this round, it was mostly popular during 2017 rally and then by the deniers of the bear market during 2018.

Something similar happened with the 10k barrier in 2017.

Again I don't recall anyone (specially no "most predictions") even mentioning $10k to be the top. In fact I remember $100k and $1 million repeated a lot more in 2017 than anything else.

[exstasie]

Most predictions (I'll leave out the bitcoin haters and nocoiners) give at least $100k for this cycle, some quite a bit more. Then, when the price is closer to 100k, say 80k, people who are thinking of buying, even if it is unconsciously, they will think they have at least 20% potential profit. This will increase demand and help the price go up.

Something similar happened with the 10k barrier in 2017.

Maybe. It's impossible to know why markets do what they do. People FOMO'd above $10K, that's all I know.

The majority of bulls I see think BTC is limited to $100K, give or take, in the next cycle. As a contrarian investor, I take that to imply that we're going a lot higher.

This is the first time I have heard this concept applied to investments and it has given me food for thought.

It's commonly mentioned as an explanation for why TA works. I'm not sold on it.

[Poker Player]

Most predictions (I'll leave out the bitcoin haters and nocoiners) give at least $100k for this cycle,

To be honest I have seen anyone having their own prediction that had a range from $10,000 all the way to $1,000,000. I can't categorize any number at the top of the list as "most predicted". $100k specifically wasn't even the most predicted price this round, it was mostly popular during 2017 rally and then by the deniers of the bear market during 2018.

Something similar happened with the 10k barrier in 2017.

Again I don't recall anyone (specially no "most predictions") even mentioning $10k to be the top. In fact I remember $100k and $1 million repeated a lot more in 2017 than anything else.

Hi, I think when you have read my message you haven't read, or haven't paid attention to, the words "at least". I've bolded them for you. You can predict $318,000 by December 2021 like someone from Citybank or $1 million in five years like someone from Goldman Sachs but to get there, $100k is still a barrier to cross.

Regards.

[dishku]

Actually Youtuber has no knowledge what are they talking even hard to understand their analysis. Youtuber only care about their views and they try to put attractive title to get attention from the viewers it's better your use mind before make any investment because nobody can give us guarantee in case of loss.

[ipanks]

I never heard that such psychology, but it could happen in the future. When people have money, they will buy bitcoin, but they will search for another investment type if they do not have bitcoin. Happily, in the crypto investment, many altcoins can fill what they want.

When the bitcoin price is at the highest price, let say it's above $100k, and not many people will have that such amount money, they will not concentrate on buying bitcoin instead, they will use altcoin to give them have a chance to earn bitcoin than to buy bitcoin directly.

But I do not think seriously about watching Youtube, especially for people who give predictions about bitcoin, because I prefer to search from other sources to find more information.

[Poker Player]

Actually Youtuber has no knowledge what are they talking even hard to understand their analysis. Youtuber only care about their views and they try to put attractive title to get attention from the viewers it's better your use mind before make any investment because nobody can give us guarantee in case of loss.

Actually I understand him better even though neither of you are English native speakers. He speaks so well you hardly notice. I'm not surprised you find it difficult to understand him but he does show he has more knowledge than you because he reasons what he says and I don't think he is more worried about his views than you are about writing something quickly to get paid.

[KTChampions]

~
I want to focus on the second one.

Most predictions (I'll leave out the bitcoin haters and nocoiners) give at least $100k for this cycle, some quite a bit more. Then, when the price is closer to 100k, say 80k, people who are thinking of buying, even if it is unconsciously, they will think they have at least 20% potential profit. This will increase demand and help the price go up.

Something similar happened with the 10k barrier in 2017.

This is the first time I have heard this concept applied to investments and it has given me food for thought. I believe that if we reach 100k in this cycle, it will have been more due to institutional investment than to psychology but I wonder what role psychology will play.

I don't know if you've heard this concept applied to investments and how important you think it might be.

Why did you forget about the second part of the cycle - the crash? If you take it into account, then no one will enter 80k, since it is very stupid to risk all the capital for the sake of 20%. This reasoning biases target levels well below 100k. Taking into account the fact that many other factors are at work, considering this factor separately does not make practical sense, it seems to me.

[Poker Player]

Why did you forget about the second part of the cycle - the crash? If you take it into account, then no one will enter 80k, since it is very stupid to risk all the capital for the sake of 20%. This reasoning biases target levels well below 100k. Taking into account the fact that many other factors are at work, considering this factor separately does not make practical sense, it seems to me.

Why did you reply without actually reading what I wrote? Why are you making up that I forgot anything? We are not talking about what I believe.

Next time I'm going to self-moderate the thread. The last 4 answers are simply pathetic.

They will benefit the most because they are the ones guiding the price up, funnily enough, they are the ones behind the price drop, this has been going on for years since they are the ones with the strategy on how to dominate this market. It's nothing new though, this has been going on for a long time.
Bitcoin just presented them with new opportunities and a fresh market to build their vast and modern empires online, cool ha?

@Fesatmas: I don't know if you forgot to comment something, you did it on purpose or you are too busy trying to write posts fast to get paid more but just to let you know that I've reported this crap. You've just quoted without adding anything.

[mersal]

Actually Youtuber has no knowledge what are they talking even hard to understand their analysis. Youtuber only care about their views and they try to put attractive title to get attention from the viewers it's better your use mind before make any investment because nobody can give us guarantee in case of loss.

Actually I understand him better even though neither of you are English native speakers. He speaks so well you hardly notice. I'm not surprised you find it difficult to understand him but he does show he has more knowledge than you because he reasons what he says and I don't think he is more worried about his views than you are about writing something quickly to get paid.

There are two types of people enters into the crypto market, common one which was mentioned in that video is about the investor who is the one who will be holding until their target price reach so they believe that they are going to hit the value but the second one who is influencing the short term market movements are traders who never cared about the all-time high or the low, all they want to do is to make some profits from their cost price and wait for another chance.

[Becky666]

Actually Youtuber has no knowledge what are they talking even hard to understand their analysis. Youtuber only care about their views and they try to put attractive title to get attention from the viewers it's better your use mind before make any investment because nobody can give us guarantee in case of loss.

Most of these you-tubers are influencers and i for one don't have respect to whatsoever they said or saying to a particular project (even in terms of price) in this world of cryptocurrency. There is no point in listening to a prophet without a prior knowledge of prophecy like in this case, most of them don't really understand this technology in my humble opinion compare to them making forecast for the industry, i have long ago learned not to trust any of these prophets.

[passwordnow]

One factor that will trigger bitcoin to $100k is halving. The rewards have gone lower for the miners and that has to make the price of value go up. And overtime, it wasn't even thought by others and we're all focusing with the institutions who are making the demand even higher. They're already there and the others will keep coming. But whatever will be the peak of this cycle, we won't see the past levels where we've been struggling to break like those in $10kish to $20kish.

[KTChampions]

Why did you forget about the second part of the cycle - the crash? If you take it into account, then no one will enter 80k, since it is very stupid to risk all the capital for the sake of 20%. This reasoning biases target levels well below 100k. Taking into account the fact that many other factors are at work, considering this factor separately does not make practical sense, it seems to me.

Why did you reply without actually reading what I wrote? Why are you making up that I forgot anything? We are not talking about what I believe.
~

I completely read your post and do not understand your claims. Your post is not too deep/grounded - just a short set of theses, nothing more. I expressed my opinion with an indication of the edge of the topic on which you would like to focus, what are you dissatisfied with? Maybe you yourself need to be more specific when creating a topic and less intolerant of other people's thoughts?

[carlfebz2]

This is the first time I have heard this concept applied to investments and it has given me food for thought. I believe that if we reach 100k in this cycle, it will have been more due to institutional investment than to psychology but I wonder what role psychology will play.

I don't know if you've heard this concept applied to investments and how important you think it might be.

Psychological plus that Emotional side of things!

Here are the things i do mostly believe that will greatly affect such decision of yours towards the entire market.Im not really a fan on looking or believing on what others do really speculate on.

No matter how popular they are on youtube or in other places but still we are all speculators.They might able to convince you with their words then its your choice because the decision will
really be ending up or depending on you in the end of the line.

100k? It is too much but who knows if we can really rally that high? Nothing is assured when we talk about the future.

[Poker Player]

I completely read your post and do not understand your claims. Your post is not too deep/grounded - just a short set of theses, nothing more. I expressed my opinion with an indication of the edge of the topic on which you would like to focus, what are you dissatisfied with? Maybe you yourself need to be more specific when creating a topic and less intolerant of other people's thoughts?

I'm not surprised you do not understand my claims because...

I AM NOT CLAIMING ANYTHING.

So I'm not going to waste more time with you.

[MandatoryOption]

In what time period are you thinking BTC could hit 100k? I doubt that we will see 6 figures in the near future. I don't think that retail FOMO will make people buy Bitcoin for 100k. They'll probably rather hope to find a cheap altcoin to make them rich than buying a small fraction of BTC. So I think this FOMO would rather be benefitial for altcoins than Bitcoin and surely won't push Bitcoin to 100k. At least that's my guess.

[Taskford]

I completely read your post and do not understand your claims. Your post is not too deep/grounded - just a short set of theses, nothing more. I expressed my opinion with an indication of the edge of the topic on which you would like to focus, what are you dissatisfied with? Maybe you yourself need to be more specific when creating a topic and less intolerant of other people's thoughts?

I'm not surprised you do not understand my claims because...

I AM NOT CLAIMING ANYTHING.

So I'm not going to waste more time with you.

He just give his expressing his opinion so better take what he say since this is open forum some will agree and some not, so best to post a supporting article or any proof that we will go on the statement you give here since for now one thing is clear bitcoin already cross to $30k and provably we can see more. So I guess I will not speculate any huge so that I will not expect more from it and that's the best we can do for now.

We should enjoy the current success happening in the market right now.

[Poker Player]

He just give his expressing his opinion so better take what he say since this is open forum some will agree and some not, so best to post a supporting article or any proof that we will go on the statement you give here since for now one thing is clear bitcoin already cross to $30k and provably we can see more. So I guess I will not speculate any huge so that I will not expect more from it and that's the best we can do for now.

We should enjoy the current success happening in the market right now.

Yeah, well this is a forum where people can express their opinions but in this forum we have too many people that are more worried about posting crap to get paid than to actually try to understand and bring something positive into the conversation. But this won't happen to me again. Next time I open a post like this I will do it self-moderated. In this same thread, if I had self-moderated it, I would have deleted at least 4 answers. I'm quite lenient when reporting and I've only reported one, that has already been deleted. So, I'm locking the thread.

And yes, I'm enjoying the current price but I guess the shitposters, seeing the price increase, are more motivated to post crap.