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Author Topic: How fast do you think will Bitcoin reach $100k?  (Read 1829 times)
Hippocrypto
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April 06, 2021, 11:44:20 PM
 #81

Day by day, Bitcoin is getting closer towards crossing the $60k range. The pioneer cryptocurrency has grown in popularity over the past years, becoming an extremely valuable asset that often compares itself to Gold. With Elon Musk, and some companies like PayPal and VISA joining the game, it shouldn't be long enough before BTC reaches new heights. Some experts predict that Bitcoin could go as high as $100k by the end of the year. Others predict that Bitcoin will reach $1m within a couple of years from now.

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


My thoughts for this, I shouldn't risk my funds just to increase my asset but instead I would recommend to accumulate our holdings by buying more quantities. Long term holding is an appropriate ways to prevent panic by the time btc would increase very fast. If there's a trend that might trigger $100k assurance we can't stop it or you might regret all opportunities during green market pumps, so it's better to keep safe and just holdle.
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April 07, 2021, 09:09:48 AM
 #82

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.
I hope the summer will still give bitcoin more chances to increase more because I am sure that this year will be the best for bitcoin to lift the price increase. If the big hotel, airlines etc., can integrate their payment to bitcoin, that can help the people to have another option to pay. As bitcoin becomes more popular, it will also help the business industry grow its business and reach more customers.

I hope that this year, the bitcoin price does not drop too deep instead increase higher. I am sure bitcoin will survive the summer, but to reach $100k, maybe we need to wait for a while because the price still below $60k.
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April 07, 2021, 11:21:31 AM
 #83

I will Take the word "fast" for now because it seems Slower is the best word?

Bitcoin will reach 100k no doubt but when? that's not certain.
\
Look at the market movement now and see what is the action of Bitcoin supporters against altcoins these days.

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April 07, 2021, 01:03:41 PM
 #84

I will Take the word "fast" for now because it seems Slower is the best word?

Bitcoin will reach 100k no doubt but when? that's not certain.
\
Look at the market movement now and see what is the action of Bitcoin supporters against altcoins these days.

Bitcoin might be in a consolidation period after it hits another ATH at $61,000+ on March. Though the market seems slowing down a little bit, but my intuition is somehow telling me that this bullrun ain't over yet. However, $100,000 target seems a little tougher to achieve this year but once Btc closes to $80,000 level within this year, I might say $100,000 is achievable.
Nevertheless, I'm still hearing positive speculations about Bitcoin as well as companies in different types of industries accepting Bitcoin as payment. These are some of the few reasons for Btc to hit the $100,000 mark.

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April 07, 2021, 03:02:08 PM
 #85

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 Sad Sad
I am very optimistic that the price of Bitcoin will reach $100K as speculated before this year runs out, the price had met a strong resistance at $59K to $60K which seem to reject it price, I believed once the price  breaks through that zone then $100K will be closer of course there will be retracement or pull backs,before reaching $100K
Yes there is excitement everywhere because Bitcoin had been enjoying institutional adoption which will have instant impact on it price.

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April 07, 2021, 03:19:54 PM
 #86

In my opinion bitcoin will reach $100k in this year. Price is growing slowly at this time but if we think about last few days, price grew in huge amount. At the end of this year, price will be rising so fast and we can expect $100k at the end of 2021.

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April 07, 2021, 04:14:49 PM
 #87

It’s very conservative & a safe prediction to say 1BTC will reach $100,000 by the end of 2021. I think it’s very probable we’ll see that price before the end of the year, what’s more difficult is narrowing down a specific tike frame for that milestone, I’m going to say $100,000 before September 2021.

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April 07, 2021, 05:36:15 PM
 #88

I am very optimistic that the price of Bitcoin will reach $100K as speculated before this year runs out, the price had met a strong resistance at $59K to $60K which seem to reject it price, I believed once the price  breaks through that zone then $100K will be closer of course there will be retracement or pull backs,before reaching $100K
Yes there is excitement everywhere because Bitcoin had been enjoying institutional adoption which will have instant impact on it price.
If that 60k price was this hard to break the only reason for that is the fact that we do not have huge companies buying bitcoin once again. All the way here we had companies buying bitcoin like crazy and that made sure that bitcoin went up a lot, and not just the fact that they bought and that increased the price but the news of them buying also made other people to buy as well which made it go up even more than the purchase these companies did, if Tesla busy 1.5 billion dollars worth of bitcoin price of bitcoin goes up but the news of that makes other people buy maybe few billion dollars worth of it as well and makes it go even higher as well.

I think that is lacking, I haven't heard any big company buy bitcoin during March and none so far in April as well, we need that type of big news to make bitcoin price go up again otherwise it is going to be harder. Otherwise we are doing great.

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April 08, 2021, 03:38:43 PM
 #89

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.

With how fast Bitcoin is progressing, I think it'll reach $100k real soon. Expect a short dump during the summer, while Bitcoin bounces back to its original price levels within this fall. By winter, we could see Bitcoin heading well above $100k per coin. That is of course, if demand remains high on the market. With Tesla, PayPal, and Visa joining the game, it's hard to imagine prices will go lower anytime soon. There's huge interest from institutional investors in Bitcoin as they consider it to be the next store of value that will eventually replace Gold in the long term. I can't imagine what will happen next after the halving of 2024. It could make many of us Bitcoin "hodlers" extremely wealthy.

Nonetheless, we cannot deny the fact that Bitcoin is an extremely volatile crypto asset. It could either go up in an instant or all the way down the drain. We should always be prepared for the worst, in order to avoid losing all of our hard-earned money. As long as you have a Plan A, B, and C, there should be nothing to worry about. You can invest a portion of your money into Bitcoin, another portion into Gold, and the rest into a stablecoin of your choice. This way, you can minimize risks in case Bitcoin goes below $56K in the short term. Who knows how much Bitcoin will be worth by the end of the year? Just my opinion Smiley

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April 08, 2021, 04:21:59 PM
 #90

100k before July, it is coming & you all know it. The perfect storm has brewed due to the pandemic, a big transfer of equity finances is coming. Bitcoin is going to be a vital commodity for any portfolio.
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April 08, 2021, 05:25:30 PM
 #91

According to a short-term magic figure of $ 64k can be reached, according to this article:



Quote
Based on the attached chart, Bitcoin’s price is set to continue rallying. On BitMEX, the funding rate of +0.10% was close to what was witnessed on BitMEX a few weeks ago, with the latter having brought Bitcoin’s price close to its March top. The longs are fueling the shorts and that is the case at the current funding rate as well, with increasing liquidations across derivatives exchanges.

The pump in the funding rate signals that the sentiment among retail traders is bullish. There is a greater risk of price correction after hitting a short-term top, based on the current funding rate. However, as of now, based on the sentiment and the metrics, Bitcoin is likely to keep rallying forward towards its target of $64,000.
Source: https://ambcrypto.com/bitcoin-to-hit-64000-this-metric-could-be-the-key/

In addition to this, more than $ 476M has been moved to stablecoins, it is expected that an eventual Bitcoin bullish rally may occur, for now there is a lot of speculation regarding this.

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April 15, 2021, 05:08:31 PM
 #92

According to a short-term magic figure of $ 64k can be reached, according to this article:

...

Quote
Based on the attached chart, Bitcoin’s price is set to continue rallying. On BitMEX, the funding rate of +0.10% was close to what was witnessed on BitMEX a few weeks ago, with the latter having brought Bitcoin’s price close to its March top. The longs are fueling the shorts and that is the case at the current funding rate as well, with increasing liquidations across derivatives exchanges.

The pump in the funding rate signals that the sentiment among retail traders is bullish. There is a greater risk of price correction after hitting a short-term top, based on the current funding rate. However, as of now, based on the sentiment and the metrics, Bitcoin is likely to keep rallying forward towards its target of $64,000.
Source: https://ambcrypto.com/bitcoin-to-hit-64000-this-metric-could-be-the-key/

In addition to this, more than $ 476M has been moved to stablecoins, it is expected that an eventual Bitcoin bullish rally may occur, for now there is a lot of speculation regarding this.

Bitcoin already reached a peak of $61k per coin, so reaching $100k per coin should only be a "piece of cake". I'm guessing that Bitcoin will be able to reach said target between fall and winter of this year. It would be wise to stock up some Bitcoin now before it goes all the way to $100k. Despite the bullish scenario for Bitcoin, prices are still volatile on the market. The risk is always there as you could end up poor or rich in an instant. As long as you buy low and sell high, there should be nothing to worry about.

Nonetheless, everything in crypto land is pure speculation. Prices are going up at a fast pace because of the hype surrounding the crypto/Blockchain space. Many people are buying cryptocurrencies like crazy, bringing huge market demand as a result. Expect to see a price correction once the hype fades away. If we base ourselves on past market performances, then Bitcoin should be able to decline in price between 2022 and 2023. You can sell your coins during the bull market to buy more at a discounted price after the next bear market. Bitcoin never hits a ceiling so I'd guess prices will continue to rise after each halving. $100k per coin may be the tip of the iceberg as the best is yet to come. Just my opinion Smiley

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April 15, 2021, 07:08:43 PM
 #93

Interestingly many members think that bitcoin will reach $100k before December 2021 and some even before Q3 2021! I would like to see that numbers as soon as possible but honestly +$38k or +50% of the actual price in few months is quite hard.

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April 15, 2021, 07:48:23 PM
 #94

I will Take the word "fast" for now because it seems Slower is the best word?

Bitcoin will reach 100k no doubt but when? that's not certain.
\
Look at the market movement now and see what is the action of Bitcoin supporters against altcoins these days.

Bitcoin might be in a consolidation period after it hits another ATH at $61,000+ on March. Though the market seems slowing down a little bit, but my intuition is somehow telling me that this bullrun ain't over yet. However, $100,000 target seems a little tougher to achieve this year but once Btc closes to $80,000 level within this year, I might say $100,000 is achievable.
Nevertheless, I'm still hearing positive speculations about Bitcoin as well as companies in different types of industries accepting Bitcoin as payment. These are some of the few reasons for Btc to hit the $100,000 mark.
As long we do hear out those kind of sentiments then for sure we would really be expecting something positive on the entire market.For now we had already reached up new ATH of $63k+
but the market is still having those market corrections and pullbacks which i do see to be normal because there are lots of sell orders on to those levels.Once those orders arent enough
to stop the rally then we would be much sure on seeing 70k and might go ahead in 100k price for this year but im not really hoping or expecting that much because
we dont actually know on what would happen ahead but we can really see the high probability.
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April 15, 2021, 08:16:48 PM
 #95

Bitcoin already reached a peak of $61k per coin, so reaching $100k per coin should only be a "piece of cake". I'm guessing that Bitcoin will be able to reach said target between fall and winter of this year. It would be wise to stock up some Bitcoin now before it goes all the way to $100k. Despite the bullish scenario for Bitcoin, prices are still volatile on the market. The risk is always there as you could end up poor or rich in an instant. As long as you buy low and sell high, there should be nothing to worry about.

Nonetheless, everything in crypto land is pure speculation. Prices are going up at a fast pace because of the hype surrounding the crypto/Blockchain space. Many people are buying cryptocurrencies like crazy, bringing huge market demand as a result. Expect to see a price correction once the hype fades away. If we base ourselves on past market performances, then Bitcoin should be able to decline in price between 2022 and 2023. You can sell your coins during the bull market to buy more at a discounted price after the next bear market. Bitcoin never hits a ceiling so I'd guess prices will continue to rise after each halving. $100k per coin may be the tip of the iceberg as the best is yet to come. Just my opinion Smiley

I think reaching this level will be much easier than keeping it there. At such a price of bitcoin, miners will receive huge profits (2.5 times more than at the peaks of 2017) and their pressure on the price will be very great. Are there so many people willing to buy bitcoin at such prices? I think everything here will depend on the big players, the small ones will no longer affect the price.

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April 15, 2021, 08:32:24 PM
 #96

I think the government really want to prevent bitcoin from reaching $100K quickly. They want to make more stringent regulation so that their ultimate goal of "becoming a central authority" is achieved. Discourse on the bitcoin regulatory debate arose after the head of the digital assets and blockchain of the World Economic Forum announced it. Bitcoin regulation: More drama ahead, World Economic Forum official warns. Should we be a little careful about this matter?

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April 15, 2021, 09:54:48 PM
 #97


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
If we just know what will happens next, that probably we know when it does happen but no one, and so even we just make predictions, it is all just a wild guess. Nothing is impossible but just to say it won't happen this year, reaching $100k is too far from now even we say the market is already surpassing $60k but it remains unstable and ain't holds for long.

Maybe we could reach this price in the next Bullrun and that we need to wait for another 3-4 years as the next halving to commence and another Bullrun to show again.
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April 15, 2021, 10:02:56 PM
 #98

I think that this same 2021 we will see that Bitcoin touches $ 100k, but of course this in the best conditions that institutional investment continues to put money in the market, according to Pantera it can reach $ 200k in 2022, for him that is his forecast according to the institutional investment that is and will enter.


Quote
If the trend continues, Morehead wrote, bitcoin will reach $200,000 in 2022. That would be a 213% increase from bitcoin’s price today, which is on trend for the asset’s typical yearly return.
Source: https://blockworks.co/pantera-stays-bullish-on-bitcoin/

This 2021 has been a great investment for Bitcoin, as many have said, Gold shone in 2020, but 2021 and 2022 are undoubtedly Bitcoin, if this new institutional investment is joined by the previous whales that participated in 2017 I think it will be much more high the ATH calculated by Pantera. However, Pantera forecasts $ 115k for August 2021, not bad, Pantera must have very good financial advisers where they must do very well the technical and fundamental analysis respectively.

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April 15, 2021, 10:28:07 PM
 #99

Nothing is impossible but just to say it won't happen this year, reaching $100k is too far from now even we say the market is already surpassing $60k but it remains unstable and ain't holds for long.

Maybe we could reach this price in the next Bullrun and that we need to wait for another 3-4 years as the next halving to commence and another Bullrun to show again.
What? $100k is too far? And you are saying this after testing $64k levels. But I'm expecting prices of bitcoin to be getting doubled in coming weeks so that we could directly leap toward $120k levels by breaking all the resistance around $90k to $100k.

If you notice, so far in 2021, bitcoin prices are easily doubling time to time without facing any big corrections which is simply showing us how strongly new investors keep buying at all available dips. So, getting into $100k may happen at any time in coming weeks. Yes, you not need to wait for another 3-4 years for this, trust me Wink.

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April 16, 2021, 10:22:57 PM
 #100

Nothing is impossible but just to say it won't happen this year, reaching $100k is too far from now even we say the market is already surpassing $60k but it remains unstable and ain't holds for long.

Maybe we could reach this price in the next Bullrun and that we need to wait for another 3-4 years as the next halving to commence and another Bullrun to show again.
What? $100k is too far? And you are saying this after testing $64k levels. But I'm expecting prices of bitcoin to be getting doubled in coming weeks so that we could directly leap toward $120k levels by breaking all the resistance around $90k to $100k.

If you notice, so far in 2021, bitcoin prices are easily doubling time to time without facing any big corrections which is simply showing us how strongly new investors keep buying at all available dips. So, getting into $100k may happen at any time in coming weeks. Yes, you not need to wait for another 3-4 years for this, trust me Wink.
Being that optimistic isnt bad but dont let your hopes up that much because it would just frustrate you if prices wont really becoming possible or not able to reach up for this year.
Yes, we have seen on how high the price do able to climb up on a short span of time but doesnt mean that it would constantly be doing the same thing but basing with adoption
news and events or even talking with recognition then we can tell that it does have the potential but not an assurance for you to hope on.Always consider that a market
wouldnt really be just moving in one path or way.

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