adaseb
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December 11, 2021, 04:09:03 AM |
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It’s hard to say what the inflation figures will be in mid 2022. On one hand you got supply issues which is one reason why these inflation numbers are up. Delays in shipping and port congestion obviously will make prices up for certain products. Then you got the issues with cars and the chip shortage. Which I think is already resolved because auto manufacturers got most of the chips they need and production will resume to normal capacity in Q1.
So obviously the inflation number will go down in 2022, and if you add the fact that the fed will do it’s first fed rate increase in Q2, means that inflation should go down. Assets will be risk off and Bitcoin might fall in price.
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BITCOIN4X
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December 11, 2021, 06:04:03 AM |
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OP, did you know that kind of analysis is actually quite wild?
Estimating the price of 3x the previous ATH price, I think it would be very unreasonable if the support of institutional investors and retail traders did not want that. What keeps the price going is the high demand that is always possible when institutional investors announce their big investments in bitcoin. The massive hype that occurred throughout 2020 and 2021 was due to increased demand where inflation did not really affect it. It's clear that some of the investors use bitcoin as a hedge, but some of them just expect a fair profit.
There's always a possibility between pumping and dumping, so we should be somewhere between the two the whole time.
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Wiwo (OP)
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December 11, 2021, 06:40:15 AM |
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OP, did you know that kind of analysis is actually quite wild?
Estimating the price of 3x the previous ATH price, I think it would be very unreasonable if the support of institutional investors and retail traders did not want that. What keeps the price going is the high demand that is always possible when institutional investors announce their big investments in bitcoin. The massive hype that occurred throughout 2020 and 2021 was due to increased demand where inflation did not really affect it. It's clear that some of the investors use bitcoin as a hedge, but some of them just expect a fair profit.
There's always a possibility between pumping and dumping, so we should be somewhere between the two the whole time.
Well take the event that played out in the Bitcoin price between April to November this year, who could have thought Bitcoin will rise to its time high twice within a year, I know how volatile and unpredictable Bitcoin price could be but the fact remains that the coming year is going to make a big difference.
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Lucius
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Positive yes, but misinformed or a little exaggerating, bitcoin didn't reach 70k so I don't trust what OP has to say. I think that to each of their own, we can say what we believe the state of the market is, for me I think it's bear market already since most crypto has gone down and hasn't been doing good. Who announced that bitcoin will reach 100k this December? I don't think anyone is certain that it's going to go to that price point.
This is his speculation and nothing more, and besides, he did not substantiate it with anything concrete, so there is no question that anyone should take such things seriously at all. And as for $100k by the end of this year, you just need to look a little and you'll find a lot of people who believed in it. Here are just some of the examples : https://cryptopotato.com/bitcoin-price-to-hit-100000-by-end-of-2021-chainalysis-ceo/https://finance.yahoo.com/news/standard-chartered-predicts-bitcoin-hit-102045961.htmlhttps://www.nasdaq.com/articles/bitcoin-price-prediction-2021%3A-why-btc-could-hit-%24100k-by-year-end-2021-06-04Of course, these are all speculations and it is completely unserious to rely on such things when it comes to investing, especially in the short term. Some may be disappointed with this development, but Bitcoin, as always, exploded after the halving - and anyone who invested at the time could make a very nice profit, and it still can.
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BITCOIN4X
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December 11, 2021, 12:10:22 PM |
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Well take the event that played out in the Bitcoin price between April to November this year, who could have thought Bitcoin will rise to its time high twice within a year, I know how volatile and unpredictable Bitcoin price could be but the fact remains that the coming year is going to make a big difference. I know about it, but we all don't know what's really going to happen next year. But without ignoring the fact that I haven't seen ATH for bitcoin price in an even year since 2018. So I'm sure this scenario will stay the same for 2022, but I also can't say that in 2022 the price will dump below $30K. We've seen dump of more than 50% before after ATH, so wouldn't be surprised to see it drop next year.
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Poker Player
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December 11, 2021, 12:19:18 PM |
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This is his speculation and nothing more, and besides, he did not substantiate it with anything concrete, so there is no question that anyone should take such things seriously at all. And as for $100k by the end of this year, you just need to look a little and you'll find a lot of people who believed in it. Here are just some of the examples : https://cryptopotato.com/bitcoin-price-to-hit-100000-by-end-of-2021-chainalysis-ceo/https://finance.yahoo.com/news/standard-chartered-predicts-bitcoin-hit-102045961.htmlhttps://www.nasdaq.com/articles/bitcoin-price-prediction-2021%3A-why-btc-could-hit-%24100k-by-year-end-2021-06-04Of course, these are all speculations and it is completely unserious to rely on such things when it comes to investing, especially in the short term. Some may be disappointed with this development, but Bitcoin, as always, exploded after the halving - and anyone who invested at the time could make a very nice profit, and it still can. That's what I was thinking. After this year in which we saw a multitude of predictions, including some from former Bitcoin haters reconverted, saying that the minimum was going to be $100K, and with some that went much further, such as the supercycle theory, I'm going to find it quite difficult to believe any prediction, but especially predictions like the OP's, poorly justified.
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kotajikikox
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December 11, 2021, 01:07:57 PM |
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As the rate of inflation rise all over the world, Bitcoin is seen as the hedge over inflation which is why so many analyses predicted $70,000 Bitcoin price in 2021 which was achieved as Bitcoin made an all-time price of above $70000
Where is your reference for this claim? when did bitcoin reached 70,000? it looks like your exchange reference is far ahead to what is happening in the market? bitcoin did not even touched 69k so what is your basis for this? your analyst seemingly exaggerated and the deflationary forces that faced the top commodities and exchange globally forced Bitcoin price to drop back to its present price. This has led me to say that 2022 Bitcoin is going to cross the $100,000 bitcoin price predictions.
No i will not believe your prediction because yours are very exaggerated and not to be trusted lol.
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rhomelmabini
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December 11, 2021, 01:30:23 PM |
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As the rate of inflation rise all over the world, Bitcoin is seen as the hedge over inflation which is why so many analyses predicted $70,000 Bitcoin price in 2021 which was achieved as Bitcoin made an all-time price of above $70000 and the deflationary forces that faced the top commodities and exchange globally forced Bitcoin price to drop back to its present price. This has led me to say that 2022 Bitcoin is going to cross the $100,000 bitcoin price predictions.
70k will still gonna play out? Hmmm, I think there's possibility but I think that would only happen if we stay in this 47k and 50k/52k support, just my opinion. 70k didn't happen yet tbh. Well, since it's nearing the EOY of course it's presumptuous to move it on 2022.
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Hypnosis00
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December 11, 2021, 02:34:30 PM |
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$100,000 is nearly possible but I don't think about $150,000 as that seems unrealistic.
I'm also positive for the future of Bitcoin but not that very optimistic to see Bitcoin reaching that price. Honestly, I'd never think about " everything is possible" here in crypto. I don't think that was the case to believe that it comes. No, we'd rather consider the market demand and supply as that would affect the price.
Many speculations arise at this time but we don't know who's right. But what I guess is that most of them are wrong.
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tygeade
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December 11, 2021, 07:20:11 PM |
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As the rate of inflation rise all over the world, Bitcoin is seen as the hedge over inflation which is why so many analyses predicted $70,000 Bitcoin price in 2021 which was achieved as Bitcoin made an all-time price of above $70000 and the deflationary forces that faced the top commodities and exchange globally forced Bitcoin price to drop back to its present price. This has led me to say that 2022 Bitcoin is going to cross the $100,000 bitcoin price predictions.
Nobody really knows, we are making assumptions but we really do not know what is going to happen. Hopefully we will end up with something decent, that is all we want but 150k is not really a "must" in this case. As long as we do fine, that is going to be just the thing we are looking for. I am not saying that it is great as it is right now, but it doesn't require to be 150k in order to make me happy neither. Anything above the ATH price and staying above is good enough for me. I know that it is hard to do that, most of the time when it breaks the ATH price then it falls under it, that is how it has been for a while, but we passed 20k ATH which was the ATH for 2+ years or maybe 3? And we still managed to break over that and never come down to that ever again since we broke over it. So as long as it breaks over 68k and then never goes under 68k then I am quite happy for 2022, 150k or not.
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Oilacris
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December 11, 2021, 09:33:46 PM |
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As the rate of inflation rise all over the world, Bitcoin is seen as the hedge over inflation which is why so many analyses predicted $70,000 Bitcoin price in 2021 which was achieved as Bitcoin made an all-time price of above $70000 and the deflationary forces that faced the top commodities and exchange globally forced Bitcoin price to drop back to its present price. This has led me to say that 2022 Bitcoin is going to cross the $100,000 bitcoin price predictions.
+ We should talk about on how to break those 70k-80-90-100k first before talking about beyond prices because its never been that possible for a short span of time considering on how we move into those past years then this is something that cant really be done easily. This would be always a hell of a bumpy ride and eaching 150k in 1 year time is a bit optimistic and its just right if we do mind off first on how to break those tough resistances. All we do need is bigger recognition and level of adoption which you cant really able to hurry up.
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freedomgo
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December 11, 2021, 11:18:06 PM |
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As the rate of inflation rise all over the world, Bitcoin is seen as the hedge over inflation which is why so many analyses predicted $70,000 Bitcoin price in 2021 which was achieved as Bitcoin made an all-time price of above $70000 and the deflationary forces that faced the top commodities and exchange globally forced Bitcoin price to drop back to its present price. This has led me to say that 2022 Bitcoin is going to cross the $100,000 bitcoin price predictions.
+ We should talk about on how to break those 70k-80-90-100k first before talking about beyond prices because its never been that possible for a short span of time considering on how we move into those past years then this is something that cant really be done easily. This would be always a hell of a bumpy ride and eaching 150k in 1 year time is a bit optimistic and its just right if we do mind off first on how to break those tough resistances. All we do need is bigger recognition and level of adoption which you cant really able to hurry up. Well, if we talk of adoption level, i think bitcoin massive adoption is already starting as we can see big institutions are now into bitcoin. But considering the market is so volatile, bitcoin may hit $150k but it will still be uncertain when will it happen. But i know in the long run it will. However, reaching another peak for bitcoin this year might be very tough since bitcoin price even continues to decline. So more likely, its new ATH will most likely to be possible by early next year.
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TravelMug
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December 12, 2021, 02:00:03 AM |
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As the rate of inflation rise all over the world, Bitcoin is seen as the hedge over inflation which is why so many analyses predicted $70,000 Bitcoin price in 2021 which was achieved as Bitcoin made an all-time price of above $70000 and the deflationary forces that faced the top commodities and exchange globally forced Bitcoin price to drop back to its present price. This has led me to say that 2022 Bitcoin is going to cross the $100,000 bitcoin price predictions.
+ We should talk about on how to break those 70k-80-90-100k first before talking about beyond prices because its never been that possible for a short span of time considering on how we move into those past years then this is something that cant really be done easily. This would be always a hell of a bumpy ride and eaching 150k in 1 year time is a bit optimistic and its just right if we do mind off first on how to break those tough resistances. All we do need is bigger recognition and level of adoption which you cant really able to hurry up. I would say that recognition and adoption are growing in recent months or at least this 2021. Government like El Salvador is leading the while and then we have Microstrategy and then Tesla hedging their assets and having bitcoin is their balance sheet. But yes, it will take more than that to really push the price to 6 digits this year. However, we have too much expectations that we will hit $100k but it's not gonna happen so we have to look next year 2022 and maybe it will have enough push to trust into that $100k and even more.
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adaseb
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December 12, 2021, 03:33:51 AM |
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I think we would of already gone past >100K if more companies put Bitcoin on their balance sheet like Tesla. I remember there was speculation that during the Summer dip, many Fortune 500 companies would buy Bitcoin and then announce their purchase during earnings between Oct-Nov however that obviously was not the case.
Remember those goat that the Facebook ceo calls Bitcoin. There was also speculation that he would also put Bitcoin on its balance sheet and many were betting it would be announced on its earnings call but it never was.
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Kemarit
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December 12, 2021, 03:37:28 AM |
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I think we would of already gone past >100K if more companies put Bitcoin on their balance sheet like Tesla. I remember there was speculation that during the Summer dip, many Fortune 500 companies would buy Bitcoin and then announce their purchase during earnings between Oct-Nov however that obviously was not the case.
Remember those goat that the Facebook ceo calls Bitcoin. There was also speculation that he would also put Bitcoin on its balance sheet and many were betting it would be announced on its earnings call but it never was.
Right, probably it's a bit disappointing to see the price going down to hard after the latest all time high of $70,000 and everyone is pointing to a $100,000 minimum this month. And then those companies and CEO that is supposedly riding on the bandwagon really didn't or just bailed out or just wanted to have some media that's why they are spewing Bitcoin in their mouth when they are being interviewed in a financial watch TV segment.
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Ararbermas
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December 12, 2021, 05:44:46 AM |
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As the rate of inflation rise all over the world, Bitcoin is seen as the hedge over inflation which is why so many analyses predicted $70,000 Bitcoin price in 2021 which was achieved as Bitcoin made an all-time price of above $70000 and the deflationary forces that faced the top commodities and exchange globally forced Bitcoin price to drop back to its present price. This has led me to say that 2022 Bitcoin is going to cross the $100,000 bitcoin price predictions.
Perhaps it will gonna happen within 2022, since buyers nowadays on this situation seems don't want to see bitcoin go further from the current support level as the market is showing a bunch of consolidation as well, wherein very clear structure from buyers that adding more at the dip.. So its not surprising to be honest if bitcoin will jump higher than 2021 even though this year there's a 3 all time high value..
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michellee
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December 12, 2021, 06:02:57 AM |
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As the rate of inflation rise all over the world, Bitcoin is seen as the hedge over inflation which is why so many analyses predicted $70,000 Bitcoin price in 2021 which was achieved as Bitcoin made an all-time price of above $70000 and the deflationary forces that faced the top commodities and exchange globally forced Bitcoin price to drop back to its present price. This has led me to say that 2022 Bitcoin is going to cross the $100,000 bitcoin price predictions.
If the situation is like this until the end of this year, bitcoin is hard to reach $70,000 and it may not increase so high until the new year. Bitcoin drops too deep from the last ATH so it needs time to lift the price until reaching $69,000 but in the future, I am sure that bitcoin will reach $70,000 and once it reaches that price, it will have a chance to go to the next ATH. It is still unpredicted that bitcoin is going to cross the $100,000 in 2022 but the chance will be there so hopefully, after the new year, the price will start breaking $70,000 and reach the new ATH.
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BuNga_cute
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December 12, 2021, 07:44:37 AM |
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As the rate of inflation rise all over the world, Bitcoin is seen as the hedge over inflation which is why so many analyses predicted $70,000 Bitcoin price in 2021 which was achieved as Bitcoin made an all-time price of above $70000 and the deflationary forces that faced the top commodities and exchange globally forced Bitcoin price to drop back to its present price. This has led me to say that 2022 Bitcoin is going to cross the $100,000 bitcoin price predictions.
If the situation is like this until the end of this year, bitcoin is hard to reach $70,000 and it may not increase so high until the new year. Bitcoin drops too deep from the last ATH so it needs time to lift the price until reaching $69,000 but in the future, I am sure that bitcoin will reach $70,000 and once it reaches that price, it will have a chance to go to the next ATH. It is still unpredicted that bitcoin is going to cross the $100,000 in 2022 but the chance will be there so hopefully, after the new year, the price will start breaking $70,000 and reach the new ATH. It's a bit disappointing that the price of Bitcoin fell quite deeply this December, Bitcoin fell about 28% from the price of ATH. In about two more weeks this year will be over, and there is no sign that Bitcoin price will recover, because it's been a few days the price of Bitcoin is still stuck below the price of $50k. So I am pessimistic before the end of the year Bitcoin price will recover, Bitcoin is likely to recover in early 2022. We'll see if since the beginning of the year the Bitcoin price can return to the ATH price, if it turns out that in early 2022 the price of Bitcoin can return to the price of ATH, then I am optimistic that the price of Bitcoin can pass the price of $100k. There is even a possibility that the price of Bitcoin will reach $150k in 2022, now we really have to be patient to monitor the price of Bitcoin. Because we really have to know at the end of this year the price of Bitcoin will be at what price, to be able to predict the price of Bitcoin in 2022.
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xmonkeyx
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December 12, 2021, 08:36:45 AM |
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As the rate of inflation rise all over the world, Bitcoin is seen as the hedge over inflation which is why so many analyses predicted $70,000 Bitcoin price in 2021 which was achieved as Bitcoin made an all-time price of above $70000 and the deflationary forces that faced the top commodities and exchange globally forced Bitcoin price to drop back to its present price. This has led me to say that 2022 Bitcoin is going to cross the $100,000 bitcoin price predictions.
Right now I've seen a lot of people predicting the price of Bitcoin will reach 100k or more, it's very realistic I think by looking at the current development of Bitcoin which continues to show a positive price trend which has reached its peak price twice this year, there is no too much price correction. in that it is very possible if this continues to happen it won't be long before we will see new ATH for Bitcoin that will reach 100k or more. I am very sure of that.
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rodskee
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December 12, 2021, 11:09:07 AM |
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As the rate of inflation rise all over the world, Bitcoin is seen as the hedge over inflation which is why so many analyses predicted $70,000 Bitcoin price in 2021 which was achieved as Bitcoin made an all-time price of above $70000 and the deflationary forces that faced the top commodities and exchange globally forced Bitcoin price to drop back to its present price. This has led me to say that 2022 Bitcoin is going to cross the $100,000 bitcoin price predictions.
Right now I've seen a lot of people predicting the price of Bitcoin will reach 100k or more, it's very realistic I think by looking at the current development of Bitcoin which continues to show a positive price trend which has reached its peak price twice this year, there is no too much price correction. in that it is very possible if this continues to happen it won't be long before we will see new ATH for Bitcoin that will reach 100k or more. I am very sure of that. There is no wrong predicting the price of bitcoin even to Hit a Million dollars because this is indeed to happen but what is exaggerating is that giving specific time meaning they wanted to push the price towards 2021 reaching that high when the market itself showing it very difficult to happen. I think better to expect at least 70k to 75k till this december ends though it is clearly that we are only 2 weeks to go and the situation will show what is the highest price. Remember to never expect too much in cryptocurrency investing or else you will become a bitter person because of failure .
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