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Author Topic: Bitcoin to hit $100k?  (Read 4587 times)
Ngemmeng
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January 01, 2023, 11:11:58 AM
Last edit: January 01, 2023, 01:05:30 PM by Ngemmeng
 #341

Some people are really just too much in a hurry when it comes to price movement which they do really believe that it would reach out on a certain point but you are that expecting much which would

result into that frustration and disappointment.Yes its true that we should not mind about 100k because breaking that all time high price is something that we cant break it too easily.
Lots of positive news that we are needing before we could able to see this situation.

Lots of recognition and lots of investors or simply demand which would drive out the price into those levels.
Bitcoin reaching 100,000$ will happen only when we enter a new bull run, what should happen in 2-3 years yet. By there, we can expect bitcoin price is going to remain stable or fall a little more to a new support level below 15,000$ or so. 2023 is a year of uncertainties for bitcoin. I believe the new year can be good for bitcoin only if it's a decisive year of punishment for scammers who created a lot of issues and losses for investors during 2022, and also if exchanges and online wallets become more transparent regard how much they are holding and what cryptocurrencies they are holding in real time.

If we have such good news, then there is some chance we see a glimpse of what could be a bull run still in 2023. However, to dream about 100,000$ seems too much in every cases. Once bitcoin hits at least 69,000$ again I will start thinking about it.
for me dreaming of bitcoin reaching $100k is not an exaggeration at all. the highest price of bitcoin in bull market 2017 is around $20k and the highest price of bitcoin in bull market of 2021 is around $60k, that means the high price of bitcoin in 2021 is three times higher than the high in 2017.
if this kind of pattern occurs again in the next bullish phase, of course bitcoin reaching $100k is not just a dream.
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wmaurik
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January 03, 2023, 01:29:45 PM
 #342

for me dreaming of bitcoin reaching $100k is not an exaggeration at all. the highest price of bitcoin in bull market 2017 is around $20k and the highest price of bitcoin in bull market of 2021 is around $60k, that means the high price of bitcoin in 2021 is three times higher than the high in 2017.
if this kind of pattern occurs again in the next bullish phase, of course bitcoin reaching $100k is not just a dream.
Before it becomes a reality, it won't be wrong to say it's a dream because you also know how the condition of the crypto space globally will be in 2017 and 2021, right?
I see a lot of different things happening in the crypto space over the past four years (2017 - 2021). And things that happen in the market especially for Bitcoin are also caused by the influence of various events that exist in this world. Examples like Fud are still around today making Bitcoin's upgrade slower than it used to be in the past.

So this will still depend on how world conditions affect all markets including the crypto market even though the evidence through bullish history is very clear that Bitcoin increases more in every four years. But I will be more sure of reaching the price of $100K on Bitcoin if in this year there are no more bad things that can affect the crypto market in particular and Bitcoin in general

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Fredomago
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January 04, 2023, 09:27:32 AM
 #343

Some people are really just too much in a hurry when it comes to price movement which they do really believe that it would reach out on a certain point but you are that expecting much which would

result into that frustration and disappointment.Yes its true that we should not mind about 100k because breaking that all time high price is something that we cant break it too easily.
Lots of positive news that we are needing before we could able to see this situation.

Lots of recognition and lots of investors or simply demand which would drive out the price into those levels.
Bitcoin reaching 100,000$ will happen only when we enter a new bull run, what should happen in 2-3 years yet. By there, we can expect bitcoin price is going to remain stable or fall a little more to a new support level below 15,000$ or so. 2023 is a year of uncertainties for bitcoin. I believe the new year can be good for bitcoin only if it's a decisive year of punishment for scammers who created a lot of issues and losses for investors during 2022, and also if exchanges and online wallets become more transparent regard how much they are holding and what cryptocurrencies they are holding in real time.

If we have such good news, then there is some chance we see a glimpse of what could be a bull run still in 2023. However, to dream about 100,000$ seems too much in every cases. Once bitcoin hits at least 69,000$ again I will start thinking about it.

Most probably 2024 right after the bull run, then it goes off till 2025. But along the way the price could see some swings and might not be smooth full bull run as there are months that it might be negative, but for sure majority will be on the upside.

I don't see though that we might see some glimpse of what could be the picture in the next bull run in 2023.

Worst case scenario is that bitcoin could be in another bearish market similar to 2022, FUD and then some events that will trigger another decline.

Might be or might be not, nothing is precise especially with crypto market, more on how you anticipate and how you will prepare your investment, the more you think that it can pump high the more chance that you can extend your patience with how the market will behave in the next few years, people who do have good money management will continue work well with their investment and they will not let fear to dominate inside them.

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