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Author Topic: Do people overestimate BTC?  (Read 1227 times)
MidNite36 (OP)
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January 14, 2022, 06:45:53 PM
 #1

Now that we are in 2022 is 100k per BTC still possible? It seems no one is talking about this price anymore and now BTC is fighting at the 40k range, what do you think could still happen? Also it seems like altcoins have no high chances again unless BTC do the impossible
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January 14, 2022, 07:09:13 PM
 #2

Now that we are in 2022 is 100k per BTC still possible? It seems no one is talking about this price anymore and now BTC is fighting at the 40k range, what do you think could still happen? Also it seems like altcoins have no high chances again unless BTC do the impossible
Still early to say, but here is my opinion that I've been saying since last month. If bitcoin failed to break $50k at the end of the year then we will be on a bear market this 2022.

And so far this is happening, the price is just $42k and the supposedly 6 digits didn't happen. I guess we can't blame those who believed it is achievable because it really did have a good run in 2021 and we even reach 2x an all time high. But it turn out that December is one of the worst at the price goes down ward in spiral and up to know we haven't bounce back. So for now forget about $100k.

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January 14, 2022, 07:46:22 PM
 #3

Would have been a different story if BTC hits 50k into 2022, I followed many experts in 2021 and while ending into 2022 they all changed their words, no one expected things to get harder for BTC at the year ending many expected a bigger rally but it never happened, crypto is pretty hard to predict some times

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January 14, 2022, 10:35:39 PM
 #4

Now that we are in 2022 is 100k per BTC still possible? It seems no one is talking about this price anymore and now BTC is fighting at the 40k range, what do you think could still happen? Also it seems like altcoins have no high chances again unless BTC do the impossible

I think that it is deserved simply because it has the most liquidity out of all the coins still and it is the most widely adopted.

It's not necessarily the technology that makes BTC valuable, but its time proven efficacy in holding its value.

ETH is definitely undervalued relative to BTC though, I feel, since most of the new innovation is happening on the ETH chain rather than BTC.
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January 14, 2022, 10:44:07 PM
 #5

$100K per BTC is inevitable but many speculators miscalculated on the time it will happen. People have speculated early last year that it will happen before 2021 ends but we already know it didn't. Things are not looking that good and you should probably expect a new support around $30K to $32K if it cannot hold $40K or cannot break $45K. We're in a consolidation phase and it looks like no new money is coming in yet.

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January 14, 2022, 10:55:03 PM
 #6

Now that we are in 2022 is 100k per BTC still possible? It seems no one is talking about this price anymore and now BTC is fighting at the 40k range, what do you think could still happen? Also it seems like altcoins have no high chances again unless BTC do the impossible
When there's no hype anymore no one would talk about the price, some may panic when the market turns bearish, but that's a normal thing as it's part of the crypto cycle. A person who do his research would understand that,  and instead of panicking, he will take it as an opportunity for accumulation.

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January 14, 2022, 10:56:13 PM
 #7

Now that we are in 2022 is 100k per BTC still possible?
Yes.
It seems no one is talking about this price anymore and now BTC is fighting at the 40k range, what do you think could still happen? Also it seems like altcoins have no high chances again unless BTC do the impossible
We still do and that speculation is still alive. It's not the impossible to see bitcoin $100k just look back to the past years where it's impossible to see bitcoin at its lowest with the price of $40k. But we're seeing it right now and that's the comparison of the impossible that you're telling us.

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January 14, 2022, 10:59:44 PM
 #8

Now that we are in 2022 is 100k per BTC still possible? It seems no one is talking about this price anymore and now BTC is fighting at the 40k range, what do you think could still happen? Also it seems like altcoins have no high chances again unless BTC do the impossible

What do you mean by 'unless BTC do the impossible'?

Yes, I believe 100k is still on the table, if not this year, then next year. We don't necessarily have to reach 100k by the end of this year, as long as we are on the right track. I don't understand why people are so obsessed with the price of bitcoin, what we should be focused on is the actual adoption.

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January 14, 2022, 11:21:53 PM
 #9

Now that we are in 2022 is 100k per BTC still possible?
Yes it is and why not? If you're also saying is 30k or even lower than it still possible? the answer will always it's still possible. You're in a volatile market. Bitcoin can even achieve 100k easily if there was a big pump on it. I should remind you that if bitcoin was doing so many rebounds and it can jump easily as long as there will be FOMO on bitcoin.

It seems no one is talking about this price anymore and now BTC is fighting at the 40k range, what do you think could still happen? Also it seems like altcoins have no high chances again unless BTC do the impossible
So many people are still talking about the price of bitcoin and you should go to the another section and this section is dedicated to altcoins.if you wanna talk about the bitcoin price speculation and you should go to the speculation section of bitcoin. that will give you a bunch of speculation threads about bitcoin. I personally interested with altcoins even more than bitcoin. that's why im not going there.

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January 14, 2022, 11:42:12 PM
 #10

Now that we are in 2022 is 100k per BTC still possible? It seems no one is talking about this price anymore and now BTC is fighting at the 40k range, what do you think could still happen? Also it seems like altcoins have no high chances again unless BTC do the impossible

It's possible but why hope for a $100,000 price this 2022? Is it really necessary for BTC price to move on that price level this year?

Just go with the flow so you won't stress yourself.

While waiting for that dream price of yours, why not take the current situation as a good buying point. Once Bitcoin price reached $100,000, I doubt you can still have a chance to see Bitcoin price at $40,000 level, not even at $50,000.

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January 14, 2022, 11:55:17 PM
 #11

Now that we are in 2022 is 100k per BTC still possible? It seems no one is talking about this price anymore and now BTC is fighting at the 40k range, what do you think could still happen? Also it seems like altcoins have no high chances again unless BTC do the impossible

It sounds funny to think about $100k right now, maybe people learned a lot about what had happened of btc price lastly. They're more fanatic of it, but overestimating the situation depends on how it works with the bullish trend. Everytime there's a huge pump, I believed people only ride with the trending movement and not exactly how they value the future market outbreak.

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January 15, 2022, 12:05:41 AM
 #12

Now that we are in 2022 is 100k per BTC still possible? It seems no one is talking about this price anymore and now BTC is fighting at the 40k range, what do you think could still happen? Also it seems like altcoins have no high chances again unless BTC do the impossible

It sounds funny to think about $100k right now, maybe people learned a lot about what had happened of btc price lastly. They're more fanatic of it, but overestimating the situation depends on how it works with the bullish trend. Everytime there's a huge pump, I believed people only ride with the trending movement and not exactly how they value the future market outbreak.

Maybe, people are more realistic now on looking at things.
Yes, 100k is possible but it will not be happening anytime soon.
So right now, most are just looking at the possible prices of btc more on short-term basis.
And also, maybe a lot also figured out that there's no point of predicting the btc price at a higher rate if you based on the current market situation.
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January 15, 2022, 12:22:14 AM
 #13

Now that we are in 2022 is 100k per BTC still possible? It seems no one is talking about this price anymore and now BTC is fighting at the 40k range, what do you think could still happen? Also it seems like altcoins have no high chances again unless BTC do the impossible

nothing is overestimate, until now bitcoin is up to everyone's expectations. btc is growing and growing every day. and one thing you should know 100K for btc is still possible, sooner or later it will be achieved. although not this year, but I'm sure it will happen someday. for altcoins, I think the same as bitcoin. they have an equal chance of going up. the most important thing is the potential, as long as it has the potential any altcoin will grow very fast without waiting for the movement of bitcoin.

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January 15, 2022, 01:01:04 AM
 #14

Now that we are in 2022 is 100k per BTC still possible? It seems no one is talking about this price anymore and now BTC is fighting at the 40k range, what do you think could still happen? Also it seems like altcoins have no high chances again unless BTC do the impossible
It is still possible for bitcoin to reach $100k in 2022 but we do not know how or when will it happen.
We all want to see the price start to increase again but it is not easy as we want because with the popularity of bitcoin now, the price will have more fluctuation and maybe we will hard to see the big pumps coming many times.
If you want to sell your bitcoin at $100k, you should hold your bitcoin and do not sell at a low price or because of panic.
There will be a time for bitcoin to start rising, which will amaze all people.

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January 15, 2022, 02:08:43 AM
 #15


There was speculation of $1M per BTC too but this price may actually not be an overestimation when the price goes more than $100K already.  AS for now, we can say it's overestimated and it needs to take a plunge before going up again, or maybe BTC needs another halving before going to $100K. There is no assurance but it's certain that people are used already worldwide especially in Central and South America.  Hyper Bitcoinization is coming.

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January 15, 2022, 04:36:26 AM
 #16

Would have been a different story if BTC hits 50k into 2022, I followed many experts in 2021 and while ending into 2022 they all changed their words, no one expected things to get harder for BTC at the year ending many expected a bigger rally but it never happened, crypto is pretty hard to predict some times
Experts can only predict based on charts, but the market that will determine the price in the end, which is why do not rely too much on expert statements even though he is quite famous because predictions are very likely to be wrong.

I don't think that people overestimate BTC, that's just hope in 2021 does not happen but as long as btc is still there and trading continues the price mentioned is very likely to be achieved only no one knows when it happens.

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January 15, 2022, 05:12:47 AM
 #17

Now that we are in 2022 is 100k per BTC still possible?
What is the rush about? Let bitcoin grow organically and even if it takes a few more years, we reach than range and then cross it too, will somebody look back and question that why did that rise not happen a couple of years earlier? Roll Eyes

Quote
It seems no one is talking about this price anymore and now BTC is fighting at the 40k range, what do you think could still happen?
I hate to break it, but I doubt you have been listening enough to hear people talking unless you are living under a rock. Even then, I dont watch much of what the social media does, but place orders and then go back to daily life. When bitcoin dropped to 39k for a few minutes my buy orders executed and now I am selling them at high prices.

Bottom line: Let people chatter, dont give them importance but make profit off the market cycle.


Quote
Also it seems like altcoins have no high chances again unless BTC do the impossible
Altcoins follow the movements of bitcoin usually. If you are blaming bitcoin for the bad times in altcoin, then it was your mistake to get into altcoins in the first place, something that I have tried to tell every newbie I come across.

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January 15, 2022, 05:23:46 AM
 #18

why does everyone want 100k BTC price? if you only talk about the price without investing, it seems that there is no benefit.. what can be expected if this BTC goes up to 100k in 2022, isn't it at the current price that someone is still making a profit?
maybe op is one of the long term BTC holders?
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January 15, 2022, 05:28:11 AM
 #19

Anything can happen in crypto and it doesn't matter whether that will be in short or long term. The bitcoin pump can occur anytime. Fighting for another higher bottom is a common thing and this process is totally needed to make bitcoin can grow even higher once its bullish trend will come agian soon. You must also see that if the all time chart of bitcoin is showing that bitcoin is able to did another break out.
We need to wait at least a few weeks from now to know where bitcoin will be going on. 100k was inevitable in crypto. Bitcoin can even reach more than it as long as FOMO will be coming back to the market.
Some altcoins over performed bitcoin last week. That doesn't mean altcoin can't increase when bitcoin was dipping

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January 15, 2022, 05:34:17 AM
 #20

To answer the title first, well it should also not be underestimated. It could go way beyond our imagination and it already happened a lot of times. Time will just tell when a bull run will happen again. It's not overestimating but a fact that it is one of the best assets right now in my opinion.
Now that we are in 2022 is 100k per BTC still possible? It seems no one is talking about this price anymore and now BTC is fighting at the 40k range, what do you think could still happen? Also it seems like altcoins have no high chances again unless BTC do the impossible
It is possible. Anything can happen when it is Bitcoin that is on the line of discussion. $60k was already reached and it looks impossible for Bitcoin investors before to reach that number. And yes, altcoins are being affected by the market of it, without any bull run on it then there will be none for others. Maybe they are investing in stable coins right now waiting for the right moment to buy back.

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█    ██████████    █ ▐  █
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█    ▀▀██████▀▀    █ ▌ █
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▄▄█████████▄▄
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▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
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..PLAY NOW..
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