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Author Topic: What's your bet? how many years could bitcoin go to its highest?  (Read 599 times)
Jaycee99 (OP)
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April 24, 2021, 02:26:49 AM
Last edit: April 24, 2021, 05:57:21 AM by Jaycee99
 #1

Now I made very little researcher because the value for bitcoin went down.

Some said that the value of bitcoin will skyrocket in about 3-4 years. (I am sorry if I can't give you the source I forgot where I read that, but it is possible if you might find it is in one of the forums here. I just remember a topic that I think talks about "bitcoin go bullish" but mine is kinda different)

Now I am curious base on this chart what can you say? what is your bet? on how many years will bitcoin go bullish again. If bitcoin all sudden went down on the value of 3k? give me only one number of the year "don't go an a possibly 5-8 years"

For me, my answer and bet for this, from 2019 3k value to 2022. From 2019 it took 4 years it can go reach more than the value of 60k base on this chart from my point of view, How about you what is your answer? and why?

Give me one answer don't just tell me that "we cannot specifically tell that year that anything is possible"(As I do always say Grin but here I want your answer specifically, please )





Remember base on this chart and your own prediction, not the prediction that can found on the internet on various websites.



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April 24, 2021, 03:42:33 AM
 #2

As long as you are measuring bitcoin price in fiat terms the answer is always or basically as long as fiat exists and it is inflationary because as they keep printing more fiat and dump its value, bitcoin price against it will continue to rise. Since I don't see fiat going anywhere or governments changing their crazy money printing policy, bitcoin will always keep going up.

But if we measure "value" of bitcoin instead of just its price against fiat, then it is a matter of mass adoption. And I believe that mass adoption needs at least another decade to be fully reached and until then we will have a bullish bitcoin.
In short term it will of course have big rise and falls like we have been seeing in the past 12 years.

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April 24, 2021, 03:48:17 AM
 #3

As long as you are measuring bitcoin price in fiat terms the answer is always or basically as long as fiat exists and it is inflationary because as they keep printing more fiat and dump its value, bitcoin price against it will continue to rise. Since I don't see fiat going anywhere or governments changing their crazy money printing policy, bitcoin will always keep going up.

But if we measure "value" of bitcoin instead of just its price against fiat, then it is a matter of mass adoption. And I believe that mass adoption needs at least another decade to be fully reached and until then we will have a bullish bitcoin.
In short term it will of course have big rise and falls like we have been seeing in the past 12 years.
For some countries, it is not that easy to just print money like how US does it, I think in my country, there are a special permit or some sort of a go signal before they can do so and a lot of study is done before doing so.

Another decade is too short for me because that means that the adoption needs to grow exponentially because the world is a big one and we have a lot of countries to convince that they have to adopt bitcoin.

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April 29, 2021, 03:16:20 PM
 #4

MercadoLibre Argentina is beginning to accept bitcoin for the purchase and sale of real estate, also in Healthy Fast-Food Chain Muscle Maker Grill Starts Accepting Bitcoin, this totally helps the adoption of bitcoin, if this continues, it will not be so many years for that Bitcoin can reach its highest point.

At the moment the prediction in the S2F model is still valid, under which it is expected to reach $ 288k, many believe that for the month of May Bitcoin will have a price of $ 100k, but when it arrives it would cause a large amount sales, it is likely that now there can be a rapid recovery as it is doing, some believe that the season of altcoins will take place, but Bitcoin for me its dominance is total, the adoption is accelerating more and more.

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Millennials are in search of healthy food, giving them the ability to pay with a cryptocurrency makes it even easier to eat healthy. Our strategy is to get healthy food to consumers through non-traditional locations and methods, accepting bitcoin will allow Muscle Maker to continue to provide innovative ways of delivering on this strategy.
Source: https://u.today/healthy-fast-food-chain-muscle-maker-grill-starts-accepting-bitcoin

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Findingnemo
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April 29, 2021, 07:12:20 PM
Last edit: September 02, 2023, 06:28:30 PM by Findingnemo
 #5

Now I made very little researcher because the value for bitcoin went down.

Some said that the value of bitcoin will skyrocket in about 3-4 years. (I am sorry if I can't give you the source I forgot where I read that, but it is possible if you might find it is in one of the forums here. I just remember a topic that I think talks about "bitcoin go bullish" but mine is kinda different)

Now I am curious base on this chart what can you say? what is your bet? on how many years will bitcoin go bullish again. If bitcoin all sudden went down on the value of 3k? give me only one number of the year "don't go an a possibly 5-8 years"

For me, my answer and bet for this, from 2019 3k value to 2022. From 2019 it took 4 years it can go reach more than the value of 60k base on this chart from my point of view, How about you what is your answer? and why?

Give me one answer don't just tell me that "we cannot specifically tell that year that anything is possible"(As I do always say Grin but here I want your answer specifically, please )





Remember base on this chart and your own prediction, not the prediction that can found on the internet on various websites.




Literally, it can increase forever for multiple reasons.

First, lets take people adopted bitcoin and it is an accepted payment mode in this world so there is no reason for the demand to decrease in long term because every year the number of birth will be higher than number of deaths.

Next the fiat terms, fiat is highly inflated and its going to inflate forever so even if there is no increase in the demand for bitcoin the value of bitcoin still going to rise every year due to the inflation rate according to your country.

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April 30, 2021, 07:13:04 AM
 #6

My basis for this is the Bitcoin block halving.
Every after block halving is expected to make a huge run upside for Bitcoin, it is already proven since the first bitcoin block halving.

The expected next Bitcoin block halving is around May of the year 2024. We still have more than 3 years, the previous block halving was the last year 2020 of May.
So for me, I am still expecting a maximum of 24 months (2 years), a minimum of 8-12 months that is able to Bitcoin to test its highest.

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April 30, 2021, 07:26:49 AM
 #7

This is just my hunch but if we have a continuous support of money from institutional investors then we could probably reach it by the end of the year or in one year or probably another halving will cause the prices to increase again.

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April 30, 2021, 08:24:49 AM
 #8

Hard to say, but I'm betting that in the year 2032, when almost all bitcoin is mine, the price could really surge and we might be talking about $1 million a pop for all we know.

As the supply gets smaller and smaller, the price will obviously skyrocketed as it is going to be very difficult to acquire bitcoin by that time because we have been mining at least 20 million already. And the rest? it will take years and years to mine them. so 3 halving from now, we will get a clearer picture.

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April 30, 2021, 12:24:06 PM
 #9

The question is, how high bitcoin price will be? $100k, $1,000k, or any highest price above on that number?
We already reach $64k as the highest price and it reaches this year. Although the price now is down to $54k, it will increase more than the price.
But to know when the next highest price will reach, we do not know when it will happen, and that still a mystery.
Maybe that will happen in 2030-2040 or so, and the next question is, do we still alive until that time comes?

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April 30, 2021, 12:52:30 PM
 #10

Hard to say, but I'm betting that in the year 2032, when almost all bitcoin is mine, the price could really surge and we might be talking about $1 million a pop for all we know.

Bitcoin will be fully mined approximately in the year 2140. That is more than a hundred years from 2032. From that year, there is still a very long way to go before we could consider Bitcoin to be almost fully mined.

The question is very hard to answer. That chart in the OP cannot give us even a little clue as to what specific year will Bitcoin reach its highest. Nobody can make a brilliant prediction based on analysis. It will all be simple guesses. For me, probably in the year later than 2100. That's some time in the far away future when all of us are already long gone.
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April 30, 2021, 03:13:15 PM
 #11

Bitcoin, IMO, will never reach a max ceiling price for as long as it is valued and measured in fiat. It will just go up and up, bettering its previous ATH record as long as people are into it and are buying bitcoins as an investment. There would be no end to the price action as long as people are interested, so I don't think it is sensible to ask for bitcoin's highest price in X amount of time. A better question would be: how long before people lose interest and move on to the next investment fad? That'll keep all the valuation questions at bay IMO.

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Silberman
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April 30, 2021, 03:37:15 PM
 #12

Now I made very little researcher because the value for bitcoin went down.

Some said that the value of bitcoin will skyrocket in about 3-4 years. (I am sorry if I can't give you the source I forgot where I read that, but it is possible if you might find it is in one of the forums here. I just remember a topic that I think talks about "bitcoin go bullish" but mine is kinda different)

Now I am curious base on this chart what can you say? what is your bet? on how many years will bitcoin go bullish again. If bitcoin all sudden went down on the value of 3k? give me only one number of the year "don't go an a possibly 5-8 years"

For me, my answer and bet for this, from 2019 3k value to 2022. From 2019 it took 4 years it can go reach more than the value of 60k base on this chart from my point of view, How about you what is your answer? and why?

Give me one answer don't just tell me that "we cannot specifically tell that year that anything is possible"(As I do always say Grin but here I want your answer specifically, please )


Remember base on this chart and your own prediction, not the prediction that can found on the internet on various websites.
I understand that you want a straight out answer but this is very difficult to do as bitcoin is not isolated from the markets in general and instead is part of it, a great deal of the growth that we saw during this bull run can be attributed to how much money was printed during the previous year, if we see governments doing the same thing during this year then it can be argued that bitcoin will not suffer a crash as more and more people will invest in bitcoin in order to protect themselves from the inflation that is coming and they get worried of a hyperinflation scenario.
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April 30, 2021, 04:56:04 PM
 #13

2024 maybe because of bitcoin halving but not usually at that exact time when bitcoin halving. Usually have a delay like 1-6 months before bitcoin bullish. Only need a trigger like good news or maybe influence from someone who famous like when happen this time. Every bitcoin get halving, news that bitcoin circulation is cut by half will spread and people will think less supply means high price, start to buy it and make it pumped.

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April 30, 2021, 05:49:18 PM
 #14

Bitcoin, IMO, will never reach a max ceiling price for as long as it is valued and measured in fiat. It will just go up and up, bettering its previous ATH record as long as people are into it and are buying bitcoins as an investment. There would be no end to the price action as long as people are interested, so I don't think it is sensible to ask for bitcoin's highest price in X amount of time. A better question would be: how long before people lose interest and move on to the next investment fad? That'll keep all the valuation questions at bay IMO.
Well said and its much better on not to stress out yourself on finding the possible peak price because as said on where its value its been measured on fiat and this market is volatile basing up on that common factor which is
demand and acceptance which means price cant really be determined to be fix and it would neither be staying or moving that actively on breaking new ATH's.So there would be no definite answer into this question.
Highest number would be always varying on the demand and if that thing lessens then do expect that numbers would go low.So its better that not to mind off on how far it would go.
We do need global acceptance and adoption if we do really like to see on how far it did progress over the years.

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April 30, 2021, 06:07:51 PM
 #15

$20k could might be the $3k of the next bearish season. That's just another speculation just like what others are saying which I've also read somewhere in the forum.

If we're going to follow bitcoin's cycle, then that could be the next 2-4 years before we see the next high. But just like anyone, we're all hoping and speculating that $100k will be the highest on this cycle we current run.

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April 30, 2021, 06:51:26 PM
 #16

My basis for this is the Bitcoin block halving.
Every after block halving is expected to make a huge run upside for Bitcoin, it is already proven since the first bitcoin block halving.
I agree with you, the 4 year cycle always has an impact on the increase in the price of bitcoin.

If the halving is the basis for calculating how long this high price will last then I will just wait for how bitcoin is tested in early 2022. Many opinion about price peaks will occur in late 2021 and early 2022, and one of them may be true. But we know that none who can say for sure because it all depend on the interest and belief of trader and investor. If during that time there is a large increase in demand, the price will increase.

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April 30, 2021, 11:12:11 PM
 #17

I think it will take maybe another four years, if Bitcoin falls now to very low levels then I think we can see a strong bullish trend after another four years, we have seen a strong uptrend after the halving that happened in 2020 so I expect the same scenario to repeat after the next halving. In 2024, always after each halving we see spectacular highs and new historical peaks, so in my opinion if the downturn occurs now (I don't expect it to happen) we will have to wait another four years.

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May 01, 2021, 04:32:01 AM
 #18

2024 maybe because of bitcoin halving but not usually at that exact time when bitcoin halving. Usually have a delay like 1-6 months before bitcoin bullish.
That's how volatile it is, we don't know if we have to wait for the next halving for the next ATH or the next months to come, that is why it is a good practice to accumulate bitcoin as early as possible because you never know when will the next big pump in the prices is going to happen.

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May 01, 2021, 05:32:19 AM
 #19

Well, my guess would be 4 years later? Though I'd also reckon that maybe in less than half a year we'd experience a bit more of the bullish season before the ups and downs steady movement that Bitcoin has always done in the past few years. As for the peak though, that's honestly really hard to say. It's still a matter of time before we even experience mass adoption, and who knows what would happen by then? I'd reckon that the supply of Bitcoin would've almost been mined by then (around half a decade maybe?) before we even experience mass adoptions, and would then experience another bullish season due to demand for it.

 
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May 01, 2021, 05:55:40 AM
 #20


Now I am curious base on this chart what can you say? what is your bet? on how many years will bitcoin go bullish again. If bitcoin all sudden went down on the value of 3k? give me only one number of the year "don't go an a possibly 5-8 years"



Ok i will give you precise prediction but then again no one knows the future.

1- Bitcoin will reach 3000$ again   :   NEVER
2- Bitcoin will reach 100,000$        :   27 September , 2021
3- Bitcoin will reach 1M Dollars     :   30 June, 2025

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