Willy Woo: Bitcoin ‘Almost Certainly’ Reaching Six-Figures in H1 2022

[24Kt]

I want to believe this but Willy Woo was telling us we’d hit 300k last year. I have lost respect for him, even a broken clock is right a couple of times a day. There are much better analysts out there with better hit records. Even Plan B was wrong though in the end, maybe TA is just bull shit.

I agree that there are some better analysts out there, who are more realistic on looking at the market. Again, Woo is predicting a value of btc this year that is still very far from where we are now, he needs to consider that we are just gaining momentum and trying to surpass the 45k level again. 6-figure is very nice but this year? But this is good for crypto holders, he's giving a very optimistic approach towards bitcoin. However, holders should act according to their own instincts as it might affect their investments.

[coolcoinz]

To defend Willy, this guy was saying that we'd go to a new ATH soon, when Bitcoin was trading in the 3-5k range 3 years ago. He's a permabull but a permabull that actually was right for many years about us reaching new highs, back when not many people were bullish. If some of you listened to him, you won't be here on the forum complaining about prices, but thinking how to spend your 10x profit.
I like how positive he is, that's for sure. He can be wrong of course, but what if he's not? Can you actually afford not to own bitcoin right now?

IMO every single person in the world should invest 1% in BTC because there's a high probability that it will go another 10x from current price. If it doesn't than what's the worst thing that can happen before you're able to react? -50%? That's half of your 1% gone. You can take it, any of us can. What's the best thing that can happen? $300k bitcoin after next halving? Show me any investment that can offer comparable results.

Personally I'll always prefer to take a chance to get 700% or lose 50% over a steady 5% a year. It's not an investment for going all in, but at the same time not something you want to ignore, especially if you're a young person starting your career.

[Bitstar_coin]

My simple logic is - if am here for the long term then why worry so much if these predictions occur sooner because we all know they definitely will occur later, btc is just getting started, making price predictions every year to see where the price will be is the reason why we have too many get rich quick investors, once these predictions didn't happen as they expected people get disappointed and result in selling.
Am positive btc will perform well this year, probably a new ath, whatever the price will be am cool with it, now is time to accumulate.

[perfect999]

My simple logic is - if am here for the long term then why worry so much if these predictions occur sooner because we all know they definitely will occur later, btc is just getting started, making price predictions every year to see where the price will be is the reason why we have too many get rich quick investors, once these predictions didn't happen as they expected people get disappointed and result in selling.
Am positive btc will perform well this year, probably a new ath, whatever the price will be am cool with it, now is time to accumulate.

That is right, anyone who has planned to hold his Bitcoin for a long term shouldn’t even bother about all these predictions that are being made in the market. If you have plans that you are going to hold your coins for a long term, then there is every possibility that you are going to make profit from it especially if you have invested now that the market is low. Because, in the next few years to come the market will surely start increasing in value, and that would be a profit for you when the time comes. So anyone that has plans to hold for a long term, now would be the perfect time for them to start.

[noormcs5]

My simple logic is - if am here for the long term then why worry so much if these predictions occur sooner because we all know they definitely will occur later, btc is just getting started, making price predictions every year to see where the price will be is the reason why we have too many get rich quick investors, once these predictions didn't happen as they expected people get disappointed and result in selling.
Am positive btc will perform well this year, probably a new ath, whatever the price will be am cool with it, now is time to accumulate.

Those who are in for long term these bullish or even bearish predictions should not matter. However, they are many newbie or short term investors who will jump into the bitcoin market after seeing these words from famous personalities. If everything goes as per their words, then it is good for everyone but if bitcoin fails to move towards these targets or started to move in the opposite direction (dump), then these people become dishearted and quit in the loss.

[tygeade]

Woo said the glut of high-net-worth investors is positive for Bitcoin’s price outlook, putting a significant amount of buying pressure on $BTC that could extend long-term.
According to Woo, the previous generation of Bitcoin holders were replaced in the fourth quarter last year with “high-net-worth purchasers” that drove the price higher with accumulation.

There is never a time that you would see people not being bullish about the price of Bitcoin. Every time, even when it is clear that we are in a bearish market, you would still see people who are saying that there is going to be a bull run. The bull run will come, but it is not going to be something that would happen soon. It has already happened, and it is something that takes time.

When it Comes we are surely going to see a bullish trend in the market. But for now I think it is over. Maybe it’s going to be like this until we see another halving take place. But before we see the next bullish trend, the price of Bitcoin will still continue to be going up and down around this price of $30k to $40K or maybe a bit above that.

[e_abrams]

I think it is possible to rally that much, but I still want to see it reach 70k or even 80k first. Last time around it could not quite reach 70k, as far as I remember.

[kryptqnick]

Now that some time has passed, it's easy to see that Woo was wrong about the potential stability that high-stake investors would bring to the market. Big investors already entered the market, and yet we see the price being less than $45k. If they didn't prevent the drop, why would they be capable of bringing Bitcoin to a new level?
I do believe that $100k is a very reasonable prediction (by the end of 2022, though, not by June) because it's less than 2x from Bitcoin's previous ATH, and the year has only started. I just don't think this can be explained by a new kind of investors who possess a lot of money.