KTChampions
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April 05, 2021, 11:49:20 AM |
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I'd speculate that we could get to 100k in July-August. Of course, it may be simply wishful thinking ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) 4-5 months for only 60% rise is way too slow for bitcoin not to mention for a bull market. That's a tiny 15%-12% rise per month. Historically bitcoin has had much bigger rises than this during its bull runs. Heck we had 100% rises in a couple of weeks back in 2017 and there weren't nearly as much hype as we have today. Reaching it this month or the next (April or May) is more realistic in my opinion. I agree with you on the timing (in terms of their realism), but it is irrational to expect giant growth from bitcoin every time. Growth of 60 percent even in a year is not slow, it is a huge profit and it is a clear bull market even with the fact that bitcoin has grown at a faster pace in the past.
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Oasisman
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April 05, 2021, 11:50:59 AM |
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What do you mean slowly and surely? Isn't Bitcoin constantly increasing every year since It was created? Isn't that called "surely"? Companies, institutions, big names, and even governments getting involved in Bitcoin is already a solid foundation to attain the target price of $100,000 this year. It doesn't matter how slow or how fast the price growth is, correction is inevitable. Bitcoin holding on to this level until now is enough to say that the price surge isn't stopping yet. Once Btc will have another run, It might be targeting the $100,000 next and that'll most likely to happen this year.
The problem is, nobody actually knows that till when will this bull-run continue. I've been watching people going mad over crypto thinking that they'll be creating fortunes out of it and they can (I'm not saying they can't), but the fact is that if at some point, when these big names decide to take their profits out, the competition among who does it first by getting out in profits will definitely push the price down so bad that average investors will just panic sell. And I still believe that the run you're talking about, won't be coming this year. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) That made sense. I agree, nobody knows until when this bullrun would last, and average investors would fall once these whales are selling their huge bag. What I was thinking is that, these companies and big names in the business industry are just starting up and this price range might not be the best option to dump as majority were expecting a six digit figure. So, that's why I said "there might be another good run for Btc this year." Though we have different views and opinions, but I understand yours.
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ultrloa
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April 05, 2021, 11:58:10 AM |
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What do you mean slowly and surely? Isn't Bitcoin constantly increasing every year since It was created? Isn't that called "surely"? Companies, institutions, big names, and even governments getting involved in Bitcoin is already a solid foundation to attain the target price of $100,000 this year. It doesn't matter how slow or how fast the price growth is, correction is inevitable. Bitcoin holding on to this level until now is enough to say that the price surge isn't stopping yet. Once Btc will have another run, It might be targeting the $100,000 next and that'll most likely to happen this year.
The problem is, nobody actually knows that till when will this bull-run continue. I've been watching people going mad over crypto thinking that they'll be creating fortunes out of it and they can (I'm not saying they can't), but the fact is that if at some point, when these big names decide to take their profits out, the competition among who does it first by getting out in profits will definitely push the price down so bad that average investors will just panic sell. And I still believe that the run you're talking about, won't be coming this year. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) That made sense. I agree, nobody knows until when this bullrun would last, and average investors would fall once these whales are selling their huge bag. What I was thinking is that, these companies and big names in the business industry are just starting up and this price range might not be the best option to dump as majority were expecting a six digit figure. So, that's why I said "there might be another good run for Btc this year." Though we have different views and opinions, but I understand yours. Actually this is right but to have a fun discussion it make sense to talk about on when this thing will happen. And for me maybe on next year or in next since I believe the presence of elon open up some doors of big investors to come and see on what he is doing right now so expect that more adoption will happen next year that can possibly help the bitcoin grow and reach for that far.
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matchi2011
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April 05, 2021, 04:06:49 PM |
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AS for me, the Hundred bulks aren't going to be easy sincerely becasue they will definitely manipulate the market at one point to suit their desires. The value of $85k should be expected from this breakthrough but one thing is certain that the price in the market isn't easy to be determine by any expert. Possibly, if there will be another sect of big investors coming into the investment then those speculations may or may not be visible, but bitcoin market is the most difficult market to determine price IMO.
That's wild, if there are bulks of big investors to play inside and start working around, that said target might be hit in a much earlier time. We do see that the current movement still showing strong, maintaining this form and adding more new investors will help to reach that target, still no accurate time frame.
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Stedsm
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April 05, 2021, 05:11:54 PM |
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Actually this is right but to have a fun discussion it make sense to talk about on when this thing will happen. And for me maybe on next year or in next since I believe the presence of elon open up some doors of big investors to come and see on what he is doing right now so expect that more adoption will happen next year that can possibly help the bitcoin grow and reach for that far.
That's exactly what I'm pointing out currently that BTC may either not see it's new ATH this year, or even if it does, it won't be in six figures. For a six figure BTC, I believe we'll need to wait till mid 2022 and then we may get surprised but right now, I see more of an alt season going on and BTC holding tight nearby its favorite resistance area and unable to break it.
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Abiky (OP)
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April 05, 2021, 06:10:09 PM |
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I believe that reaching $100k is going to actually be very quick as the demand has been massive so far and the rise is not even close to what bitcoin used to have (10000% less that last time!!!) so there is still a lot of room to grow and the FOMO is very strong in bitcoin when price goes above certain price levels. Also considering the fact that I believe bitcoin will reach at least $400k this year, the $100k target should not be that difficult to reach.
It seems like so. Bitcoin reached $60k in just three months since the start of the year. If demand keeps up, we might see Bitcoin heading to $100k before the end of the year. The "FOMO" sentiment is still as vibrant as ever with institutional investors pouring money into crypto like crazy. "De-Fi", NFTs, and other crypto trends will largely benefit Bitcoin's price in the long run. Companies like Tesla, PayPal, and now VISA have joined the crypto/Blockchain bandwagon. Who knows which other companies will be the next ones to join the craze? The more Bitcoin gets public exposure from these companies, the better it'll be for its price in the long term. I'd be surprised if Bitcoin hits $400k this year as you've stated before. Nonetheless, no one knows how much Bitcoin will be worth in the future. All we can do is speculate hoping our dreams would come true someday. Due to the highly-volatile nature of Bitcoin, it may be extremely risky to buy more coins in a bull market. You could end up losing everything in an instant. If you managed to buy Bitcoin during the bear market, I'd suggest you hold on tight as the best is yet to come. Just my opinion ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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tygeade
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April 05, 2021, 07:07:28 PM |
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I believe this September we can be there. Summers are famously known as slow months, it doesn't drop highly and doesn't increase highly compared to previous months, and compared to following months neither, we have seen some high levels of increase on last quarters of the year, and we have seen big drops as well people forget that, and I think we are going to get to 100k on the last quarter. That means on the first quarter it is going to be make or break for us because if we keep that price around those levels we could actually get super rich, but if we fail to do so that means we could have a start of a crash.
This is why 2022 is as important as 2021, if we just have a great 7 months ahead and then start dropping like crazy that would be very dangerous and it would make it harder for us to recover from that, last time took years to get back to same level.
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bitbunnny
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April 05, 2021, 08:32:39 PM |
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I think between now till September btc will around $100k, there are many good news, big companies and cooperations joining the space, giving more value to btc and making the price target more achievable, this my guess but I won't be surprise to see it hit that target earlier than that.
It's quite optimistic prediction. The price is above $50k and expectations are big. Recently we saw how high and fast Bitcoin can go and that is the reason why we sometimes forget that corrections are possible all the time. Although I don't expect some bigger corrections so soon to my opinion Bitcoin might take a little bit more time to get to the $100k. So, my prediction is this will not happen earlier than the end of this year but I think that development of pandemic might also significantly influence the movement of Bitcoin price.
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Lanatsa
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April 05, 2021, 09:23:20 PM |
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I think between now till September btc will around $100k, there are many good news, big companies and cooperations joining the space, giving more value to btc and making the price target more achievable, this my guess but I won't be surprise to see it hit that target earlier than that.
Would it really be possible for this year? No one knows but theres a probability but depending on the adoption and recognition level for this year's run.We don't know on whats ahead but at least we can really see that companies and big institutions now are really recognizing bitcoin to be part of their payment system which is really a solid indication that we are really moving towards global adoption. $100k isn't something easy level that can be attained but based up on my own view then this price level might be seen on next year to come.
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Wawa2013
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April 05, 2021, 10:29:03 PM |
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I think the Bitcoin movement pattern is on the right track towards the $ 100k price tag. So we just need to be patient for Bitcoin to reach a price of $ 100k, the first target Bitcoin has to go through is to cross the $ 60k resistance Bitcoin has always failed to cross. Hopefully this week Bitcoin can pass the $ 60k resistance price and Bitcoin moves up to its next price target of $ 70k. According to my prediction, Bitcoin should hit $ 70k by the end of April, if that happens. It looks like the $ 100k target could be reached by the end of this year.
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arufox
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April 05, 2021, 11:15:44 PM |
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I hope Bitcoin can reach it as fast as it can, we all hope like this one. But based on mathematic and data I think 4-5 months later. Because I see In every month Bitcoin can increase up to $10K, If this scenario continues we will see it in around 4-5 months later. This is a good scenario, if a bad scenario comes, maybe over 6 months
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redwine49
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April 05, 2021, 11:18:04 PM |
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i would be surprised if bitcoin hits 100k $ this year. i am not saying "impossible",anything can be happen but i think its unlikely iam so worry bout bitcoin price when many people are too excited ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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Silberman
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April 06, 2021, 12:49:15 AM |
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We can see this year or not, depending on how bitcoin wills stay bullish.
It's current bullish but we don't know if the bullish run will end soon and we will start seeing a dumping of price due to correction. IMO, $100k is easy but it's not gonna happen this year, we have enough this year already I think we need to see a correction first before the $100k.
It is too early to tell, the second quarter of 2021 has just started and even if the price is not moving that much to me this is a good signal, if there was no buying pressure coming from the bulls then the price would have dropped already and we would have seen a significant correction and forfeit any possibility for the price to go up again, this means that the bulls are accumulating pressure and sooner or later it will explode and do not be surprised if we do not stay long on the 60k level since we could go straight up to the 70k level.
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michellee
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April 06, 2021, 07:51:18 AM |
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I hope Bitcoin can reach it as fast as it can, we all hope like this one. But based on mathematic and data I think 4-5 months later. Because I see In every month Bitcoin can increase up to $10K, If this scenario continues we will see it in around 4-5 months later. This is a good scenario, if a bad scenario comes, maybe over 6 months
Not so fast because we can not expect it to happen quickly, maybe that will be more than 4-5 months later since the bitcoin price is still at $58k-$59k, so we need to be patient for more. But the chance to reach $100k still wide open as we see the big company already involved in bitcoin to convince people to follow to invest in bitcoin. We need to hold on tight to our bitcoin because I think we will see a roller coaster this year. You should use your chance to buy bitcoin at a low price.
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newwest
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April 06, 2021, 10:45:05 AM |
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I hope Bitcoin can reach it as fast as it can, we all hope like this one. But based on mathematic and data I think 4-5 months later. Because I see In every month Bitcoin can increase up to $10K, If this scenario continues we will see it in around 4-5 months later. This is a good scenario, if a bad scenario comes, maybe over 6 months
I am expecting this to hit by year end. The markets are very positive now and with big institution on buying mode this gives a good chance for bitcoin to recover faster even on downfall or atleast to continue the rise slowly. With some good news it can easily jump couple of thousands dollars quickly and reaching near that mark of 100k becomes more easier.
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acener
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April 06, 2021, 10:56:57 AM |
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I think that it would be there next year since for me it is steadily increasing. If not this year then it could reach it next year if this continue to grow.
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tbterryboy
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April 06, 2021, 07:42:13 PM |
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Not so fast because we can not expect it to happen quickly, maybe that will be more than 4-5 months later since the bitcoin price is still at $58k-$59k, so we need to be patient for more. But the chance to reach $100k still wide open as we see the big company already involved in bitcoin to convince people to follow to invest in bitcoin. We need to hold on tight to our bitcoin because I think we will see a roller coaster this year. You should use your chance to buy bitcoin at a low price.
Price is around 60k right now but that's right now, in 3 months or so we will be deep into summer and that's going to change things a lot, historically speaking summer hasn't been kind to bitcoin price, actually summer hasn't been kind to price of anything aside from maybe few vacation related stuff (big hotel chains, airlines etc) so I think it's going to be tough. However if we can cover that and not drop too much that would mean that on last part of third quarter and start of fourth quarter we could actually increase a lot. If you check all the price increases in crypto you will see that there has always been some calm period that doesn't move a lot, sure 10-50% higher or 10-50% lower could happen but usually nothing too drastic, then suddenly it reaches like 5x higher. That's why I think if we can survive the summer, we could definitely reach to 100k very easily in a month after that.
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coin-investor
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April 06, 2021, 08:10:43 PM |
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The question is, how fast will Bitcoin reach $100k? Will the ever-rising demand from mainstream companies and institutional investors make Bitcoin reach this goal in less than a year? Or will it take longer? Given that Bitcoin has reached $60k within a year, looks likely it'll reach $100k by the end of 2021. For what I know, everything is just pure speculation. It's always best to reap profits whenever you see the opportunity to do so before it's too late. If you end up waiting for BTC to reach a new ATH, you might lose it all in an instant. What are your thoughts? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) The movement going through this month is kinda slow but we are still on target for the highest that Bitcoin can attain this year, there's no news of crash adoption is in progress, investors have already reaped their profit this early, there are a lot of updates in the community new innovation coming, NFT and decentralization are rising and most importantly investors are learning what to look on a good project.
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Slow death
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April 06, 2021, 09:22:04 PM |
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What are your thoughts? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) the higher the bitcoin price the more difficult it will be to push for higher prices because the fear of falling too much will start to torment people, that is why in this scenario I believe that only the entry of big name investors and big name companies can create the same kind of price increase that went from $14000 to $60,000, so far people are not interested in selling because paypal is not yet offering their crypto service to all customers, in my opinion people are hodl to see the impact that will have when all paypal customers are exposed to cryptocurrencies. then we will see the price direction
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just_Alice
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April 06, 2021, 10:39:07 PM |
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I think we can expect Bitcoin to go as high as $100k in a year's time, that sounds plausible. However, it is quite difficult to predict something that far ahead and what I can say for sure is that you can't make judgments like that Given that Bitcoin has reached $60k within a year, looks likely it'll reach $100k by the end of 2021. with cryptocurrencies, it doesn't work like that. This year may be completely different from the previous one in terms of events. Maybe other companies will join, maybe they won't, maybe there'll be some restrictions or panic sell, which will cause the price to drop. Anything can be expected. Personally, I hope the price will at least be steady around $50k.
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