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Author Topic: If bitcoin surpasses the $60K level then it will hit higher than $100K  (Read 980 times)
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January 16, 2021, 06:58:57 AM
 #21

I mean $100K actually closer than what people think it is,Maybe we just hear the number $100K and think it's so much and something valued at that price point might be crazy but that's not actually true. Just see how bitcoin could climb up from $30K to $40K like so fast. What it takes for bitcoin to reach that price point($100K) is just mass adoption. Bitcoin is hard capped total supply will stay the same or even decrease. At some point it's gonna be more scarce than some minerals (or it already is?). $100k is reasonable if you see from that perspective.

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January 16, 2021, 07:27:18 AM
 #22

I have observed that litecoin doesn't really follow bitcoins pattern any more just it did a few years ago. Litecoin has hit $300 or even more in 2017 when Bitcoin prices were half of what it is now today, but now litecoin is floating around $150-$170 without much movement. I think the surge in price for litecoin was also because the whole market was up and not just Bitcoin. 2021 will be a very interesting year for us crypto enthusiastic people Grin
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January 16, 2021, 07:42:20 AM
 #23

It will take some time.

There are a lot of people that are so amazed by how the price of Bitcoin rose to $40K. It is more than $40K and since it is still hanging at $36K right now, it still has that potential of increasing to $50K or maybe $60K. That price level is possible but I don't think it will be reaching $100K this year or the next since I know there will be a lot of people that would take advantage of the next ATHs.
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January 16, 2021, 08:39:22 AM
Last edit: January 16, 2021, 02:24:53 PM by adzino
 #24

-snip-

If bitcoin surpasses the $60K level than it will hit higher than $100K.
-snip-
How and why? People has been making insane predictions the last few weeks without any solid factual backups. I have seen people making prediction that within few months, if there isn't any resistance, the price will exceed $200k USD. But, based on what? Are they trying to spread fomo among people?
Even the altcoin predictions that you have done over here needs explanation. Lower market cap coins are profitable in what sense? Never heard of Miota and Ark though. Even bitcoin reached $60k, it is going to take more than few months since we are yet to see market corrections. I am hearing about this new regulation coming from FinCEN where we will have to register and declare our private wallets if we want to use exchanges. Not sure how this is going to affect the market.

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January 16, 2021, 09:04:23 AM
 #25

$100k still far from the way it looks but it looks like it will be...
we have already seen that when Bitcoin crosses $ 20k it keeps going up and becomes $ 40k. maybe if Bitcoin has reached $ 60k then the price will continue to go up to $ 100k or more. I am very optimistic that later there will be more companies that will make Bitcoin their safe haven so that the price of Bitcoin continues to soar.

I disagree.

Seeing Bitcoin jumped from $20,000 to $42,000 in just two weeks if I'm not mistaken was already a proof that $100,000 per Bitcoin is not too far from now. However, of course, whenever it'll make new ATH(s) it will surely going to have a little or big correction that'll make it relax fluctuating in a very little price gap only, and then it'll try to destroy the resistance and fly again. It will just going to repeat over and over again until we hit the very peak price of Bitcoin.
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January 18, 2021, 09:28:08 AM
 #26

-snip-

If bitcoin surpasses the $60K level than it will hit higher than $100K.
-snip-
How and why? People has been making insane predictions the last few weeks without any solid factual backups. I have seen people making prediction that within few months, if there isn't any resistance, the price will exceed $200k USD. But, based on what? Are they trying to spread fomo among people?
Even the altcoin predictions that you have done over here needs explanation. Lower market cap coins are profitable in what sense? Never heard of Miota and Ark though. Even bitcoin reached $60k, it is going to take more than few months since we are yet to see market corrections. I am hearing about this new regulation coming from FinCEN where we will have to register and declare our private wallets if we want to use exchanges. Not sure how this is going to affect the market.
I think the main logic behind this has been a lacking one but understandable one. Of course they are wrong, but it is at least known why they are wrong. The main reason why they say this is the fact that there are not many sell orders between 60k and 100k, which means there is no resistance neither, in a very wonderful world it will stay like that and when we reach 60k there will still be no sellers and buyers will just take the price from 60k to 100k without any problems at all.

However we all know reality is not Like that, we do not have sellers all that much there because the price is far away, when we get there the sellers will show up. Hence why I think it is quite obvious that they are very wrong, but I also do understand why they are wrong as well, it is not some illogical argument, its just not knowing what happens when the price increases a lot.
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January 18, 2021, 09:14:33 PM
 #27

nothing is impossible bitcoin will hit higher than $ 100K, I also hope bitcoin this year will be above $ 100K.
but not that easy, How will fundamental factors affect Bitcoin in 2021.

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January 18, 2021, 10:22:46 PM
 #28

It will take some time.

There are a lot of people that are so amazed by how the price of Bitcoin rose to $40K. It is more than $40K and since it is still hanging at $36K right now, it still has that potential of increasing to $50K or maybe $60K. That price level is possible but I don't think it will be reaching $100K this year or the next since I know there will be a lot of people that would take advantage of the next ATHs.
Many already sell their holdings when the price reach it's ATH recently but now that the companies were engaging in crypto and many known or institutional companies is into it reaching more ATH these year is really possible since more companies might explore BTC too, as the economy struggle, bitcoin is pumping since many finds other ways to shift their investment in a much active platform.

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February 08, 2021, 03:15:05 AM
 #29

There are lots of people that are which have been holding bitcoin and they have been happy as price of bitcoin rise to $40k why some set of people are regretting because they did not buy when the price was still very low.
Currently price of bitcoin is dropping which people are thinking is a sign of dump already which is completely wrong drop in bitcoin price is just a correction which is normal and healthy for bitcoin, after the correct bitcoin is going to pump hard which am expecting bitcoin at $100k in the nearest future. Lot's of people have been complaining about the massive pump in bitcoin price which hit all time high, people think there will definitely be dump but I believe bitcoin price is still very low which in the next few months you won't see bitcoin at the current price. So if you are the type that is interested in buying bitcoin and probably you are scared that the price is too high and you are waiting for dump before buying I don't think that will be possible the only thing I know is possible for now is correction which is normal and healthy before the next pump which might be around $50k before the another correction then we should be expecting another pump. So this is the right time to Buy and hold bitcoin to avoid regretting not buying in the nearest future or if you sold yours already this is the perfect time to enter again.

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February 08, 2021, 02:49:12 PM
 #30

If bitcoin surpasses the $60K level then it will hit higher than $100K

If bitcoin surpasses the $60K level than it will hit higher than $100K. For altcoins I won't suggest you to hold the tokens/coins having marketcaps in billions except top 5. It is also possible that big altcoins like ethereum may drop to 0.016 BTC if Bitcoin jumped to $100K. But I am not afraid regarding Litecoin because Litecoin is next to bitcoin. Litecoin will hit higher than 0.005 btc and possible to make its resistance at 0.01 BTC. For other altcoins like ADA, Algorand etc I won't suggest to hold as in Btc these altcoins will be dropped to half (around 50% decrease is possible) even ADA has the upcoming update in FEB. But I suggest you to hold altcoins having marketcaps lower than 50 million like ARK and it is possible for ARK to having greater marketcaps than 50 billion in the future. FOR Miota and EOS the bitcoin dominance won't affect because both altcoins have faced a long term btc dominance so the bear market will prefer to hold these alts rather than to sell them.

Only Bitcoin and Ethereum are worth buying and hodling for me and yes, you can include Litecoin but not too much. Bitcoin could hit $100k or even more this year coz' We even hit a new ATH for both BTC and ETH almost every month and I would like to see both hit another ATH for the following months 'til it becomes $100k and $10k for ETH.
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February 08, 2021, 03:48:36 PM
 #31

Bitcoin safe point according to predictions when it costs $ 70k to get to the higher position of $ 100k. but if bitcoin can hit $ 60k that's part of the sign bitcoin is going to go higher and that's for sure. only time can not be determined when the increase will occur
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February 08, 2021, 04:02:23 PM
 #32

There is no way you can predict them. Today, I thought that bitcoin would reach 45K because it crossed 44K barrier but it went down. Logically, since it went up to 44K, people should hope for further rise and their actions should cause this but what happened is following: People started panic selling in low price because they thought: Oh, 44K is high, let's make some profit. I believe we will reach 45K soon but it needs some time, it doesn't happen automatically after reaching certain level. And if it reaches 60K, it doesn't mean that people's mindset will change and 100K will be guaranteed (or even higher). People sell when they make a good profit.

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February 08, 2021, 04:03:47 PM
 #33

If bitcoin surpasses the $60K level then it will hit higher than $100K

If bitcoin surpasses the $60K level than it will hit higher than $100K. For altcoins I won't suggest you to hold the tokens/coins having marketcaps in billions except top 5. It is also possible that big altcoins like ethereum may drop to 0.016 BTC if Bitcoin jumped to $100K. But I am not afraid regarding Litecoin because Litecoin is next to bitcoin. Litecoin will hit higher than 0.005 btc and possible to make its resistance at 0.01 BTC. For other altcoins like ADA, Algorand etc I won't suggest to hold as in Btc these altcoins will be dropped to half (around 50% decrease is possible) even ADA has the upcoming update in FEB. But I suggest you to hold altcoins having marketcaps lower than 50 million like ARK and it is possible for ARK to having greater marketcaps than 50 billion in the future. FOR Miota and EOS the bitcoin dominance won't affect because both altcoins have faced a long term btc dominance so the bear market will prefer to hold these alts rather than to sell them.

I also did a little research on the BTC price account and there is a high probability that 2021 will be a year of growth and the BTC price can reach $ 100,000 or more. As far as altcoins go, I also bet on ETH and LTC. Litecoin hasn't shown its main growth yet and is probably looking very attractive for investments right now. I have already bought LTC and I expect its rapid growth very soon. In any case, all of us right now need to be as focused as possible on what is happening in the crypto market in order not to miss the opportunity to make money.
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February 08, 2021, 05:10:09 PM
 #34

There are lots of people that are which have been holding bitcoin and they have been happy as price of bitcoin rise to $40k why some set of people are regretting because they did not buy when the price was still very low.
Currently price of bitcoin is dropping which people are thinking is a sign of dump already which is completely wrong drop in bitcoin price is just a correction which is normal and healthy for bitcoin, after the correct bitcoin is going to pump hard which am expecting bitcoin at $100k in the nearest future.
Bitcoin price is not dropping right now in fact we have broke over the ATH price once again and anyone who didn't kept their bitcoins are living in a very sad world right now, and anyone who kept their bitcoins must be feeling awesome right now considering how much it increased.

Think about it this way, when the price was around at 29k there were a lot of people who talked about how we could reach under 20k price and the crash was coming, they were all afraid of price going even under 10k as well, what happened? Bitcoin reached 50% higher under 1 month, that is 50% profit in less than 1 month. That is the kind of power bitcoin has and thats how high it can reach very quickly. Obviously tesla buying 1.5 billion dollars worth of bitcoin definitely played a big role in this and nobody could have seen it coming, but that is definitely a thing that can happen in bitcoin world.
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February 08, 2021, 09:36:27 PM
 #35

Bitcoin safe point according to predictions when it costs $ 70k to get to the higher position of $ 100k. but if bitcoin can hit $ 60k that's part of the sign bitcoin is going to go higher and that's for sure. only time can not be determined when the increase will occur
Target first the $50k and then we'll go closely to $60k and that's going to be easy for bitcoin. Right now, $44k and it might hit $50k any time soon once there's another institution that buys a lot of bitcoin. It's a different thing because it's Tesla but if there's another financial or popular company that announces their purchase, the market will react as usual and would FOMO which can trigger the price to go as high as those prices that we're discussing.

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February 08, 2021, 10:09:43 PM
 #36

the 6ok$ region is a must to attain. this things are strange but i must say, this bull run is a different one and there is no sign that its going to end soon even though dip usually start with chinese holidays but might be different this time.

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February 13, 2021, 11:05:06 PM
 #37

Even if the $60,000 will be attained sooner or later we must first think of the price of Bitcoin to reach the $50,000 mark price before even thinking of the higher price than that. Also, if ever those prices will be attained, still there is no assurance that the price of Bitcoin can get that fast and easy for the predicted and expected price of many which is the $100k mark. It will still be a long run before such thing can happen. I have no doubt on that but still we must limit our expectations into the present and realistic future based on what we can just see. Imagination and expectation are real difficult ones to be meet and attained so better if we will just wait and see for it to happen in front of us.

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February 13, 2021, 11:17:29 PM
 #38

Even if the $60,000 will be attained sooner or later we must first think of the price of Bitcoin to reach the $50,000 mark price before even thinking of the higher price than that. Also, if ever those prices will be attained, still there is no assurance that the price of Bitcoin can get that fast and easy for the predicted and expected price of many which is the $100k mark. It will still be a long run before such thing can happen. I have no doubt on that but still we must limit our expectations into the present and realistic future based on what we can just see. Imagination and expectation are real difficult ones to be meet and attained so better if we will just wait and see for it to happen in front of us.
People do really love to exaggerate things up when they do saw that the market is climbing up and believing that reaching 100k is near up into their reach without even
tending to look back on how long we've been waiting for breaking that previous ATH which is 20k.Good thing that adoption news and events did happen
along the way which really drives the market even way more higher.

The question or talks about 100k then lets just consider first on how we gonna break that 50k point because we've been testing out to break this resistance.
and we don't know on when we would able to succeed but of course don't remove the thing that correction can happen anytime.

R


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February 13, 2021, 11:22:13 PM
 #39

$100k still far from the way it looks but it looks like it will be...
we have already seen that when Bitcoin crosses $ 20k it keeps going up and becomes $ 40k. maybe if Bitcoin has reached $ 60k then the price will continue to go up to $ 100k or more. I am very optimistic that later there will be more companies that will make Bitcoin their safe haven so that the price of Bitcoin continues to soar.

This is true that $100k will still be a long way to go but if you were to apply it way back in 2012, no one expected its price to skyrocket above the $20,000 range.

The key here is to HODL for long-term. I learned this the hard way because upon checking the total number of my received bitcoins (from campaign signature earnings since 2018) it amounted to around $18,000 at its current market value. Imagine, if people were to HODL this year (2021) then what would its price maybe 4-5 years from now? Expect it to at least (maybe?) double its price in the very near future.

R


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February 13, 2021, 11:34:54 PM
 #40

The key here is to HODL for long-term. I learned this the hard way because upon checking the total number of my received bitcoins (from campaign signature earnings since 2018) it amounted to around $18,000 at its current market value. Imagine, if people were to HODL this year (2021) then what would its price maybe 4-5 years from now? Expect it to at least (maybe?) double its price in the very near future.
Well, you have a point here, bitcoin has always created a new ATH every four years, --before I don't expect that bitcoin will double the price as a previous ATH. I thought that is enough if bitcoin will surpass the previous ATH but now it doubled the price. There is no way to predict the market price and it will always be making as a surprise when bitcoin pumped too much in the market. Indeed, that is a good decision, [HODL] your bitcoin at least even 5 years long, you will see your profit perhaps folds how many times.









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