Do people overestimate BTC?

[bakasabo]

There is a category of people, who equate Bitcoin to something illegal. No doubt that they overestimate the Bitcoin compared to fiat money flows as a payment for something illegal. For these people, Bitcoin is the only money criminals use for their deeds. As from their point of view, Bitcoin was created for criminals to make untraceable payments. When in reality, cash is still the most popular payment for crime deeds.

[Gudhal Untu]

I think so, as we know that currently there are more than 16k cryptocurrencies and there are already cryptos that are better in terms of speed or transaction fees, but unfortunately people always look to bitcoin so they are never interested in looking at other cryptos, for example is MATIC or Luna which proved to be more effective than bitcoin.

[Yaunfitda]

Reaching 100k price of bitcoin could be still possible to happen in this year if the market will not experience the bear season. Now the bitcoin price is stabilizing at 40k I guess this is a good sign that bitcoin will trying to recover let's just hope that in the next days we will see bitcoin reaching 50k maybe this price will triggering the altcoins to go up.

Let's just say put that in the shelve for now, for me there's no way that we are going to achieved $100k before we are already in the bear cycle already. This is just the beginning, it might be slow but maybe in March we will see the full blown bear market and it's going to be very difficult to all of us.

Nevertheless, if we just learn from the last bear market, that is to accumulate cheap bitcoins and solid altcoins and hold, then maybe we will get rich in the next 2-3 years. As I have said, it's a cycle, so everyone should be patience, just saying.

[iv4n]

Well, some people overestimate Bitcoin, and I am sure some underestimate Bitcoin! The fact is that Bitcoin achieved a lot in just a little over 10 years, and I think this is not the top, Bitcoin can grow a lot more! I guess we have good reasons to believe in Bitcoin's future, it's not that we overestimate the possibilities of Bitcoin, we simply believe in the technology behind it and that this technology can make some global changes!

[Ararbermas]

Yeah literally, for me probably most of them are noob, i mean those who don't know what are the advantages and disadvantages of bitcoin reason why all they can say were only negative sides. Well it's common to be honest that's why it's always recommended to accumulate knowledge first before entering, in order to prevent greediness and losses.. It's up to us indeed if we will gonna ride such trips around the internet, but of course if you're knowledgeable about bitcoin it's nonsense to be honest.
 Lol

[Ryu_Ar1]

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

actually for $100k it's not impossible and even very easy to achieve.
but when you look at last month it's actually not wrong to expect it at the end of 2021, but indeed most people's expectations are too big and it seems as if it will happen in the near future.
on the other hand, I don't think it's too much of a problem, but it must be seen with our strength in holding and our expectations are not too high for this because it will definitely happen but it will take time

[poodle63]

BTC reaching 100K is easy in the future, however currently the market is at fear, there are so many panic selling right at the moment causing the market hardly could break through the current resistance.
There are many analysts that said it’s gonna be bearish and even bullish, this could be bottom line in another rallies and bullruns. Although I think it's just that we are at the beginning of the usual market cycles.
Even if you think about it, the current price is the price that many of the cryptocurrencies holders had dreamed of and it has become realized with the latest market rally, i'm sure 100k is easy when the market
has finally entered the bullish phase again in the future, it’s all about the moment of the cycles repeating again. People should be patience because that needs the time and whale aware about this. So many impatience person already CL their money during the bearish trend.

[wajik-tempe]

Mainstream people prediction is always like that, when the bull market hits hard, they started to speculate bitcoin price will go 100k 150k and so on but when it goes to bear market, people who said it before just disappear don't know where and sometimes they changed their words and said bitcoin will crash even more and they already ready for buying at deeper price.

[istiak2277]

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

There is no doubt that Bitcoin will break 100K.  However, it is not clear whether this will happen this year.  The crypto market has been in a bullish trend for over a year and a half.  Market sentiment says retail investors are now overconfident about market.  They have started buying bitcoin.  But bitcoin is unlikely to pump until the whales get these retail investors out of the market.  Even then it is crypto market and  anything can happen.

[tarable]

Bitcoin's current bottom price is $41k. may now be its saturation point, but there is no sign the market will return to a positive trend, for those who buy altcoins during this bitcoin market, it may be possible to take short-term profits to avoid an impending downturn.

and Bitcoin will hit its highest price this year and that's a surprise to come. lucky those who take advantage of the condition that the price of Bitcoin is experiencing a decline because when the price of Bitcoin drops, other potential altcoins also decrease in price.

[lizarder]

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 can say it's possible, but not in the near future, bitcoin should be able to recover the current correction, this will be the first focal point, otherwise it will be very difficult to reach the price, market sentiment is still continuing until now, so it is very difficult for bitcoin to get back on track green in the near future, if this condition does not recover, then altcoins will also have an effect and experience a sharp decline, although not all altcoins follow the trend.

[tarable]

and Bitcoin will hit its highest price this year and that's a surprise to come. lucky those who take advantage of the condition that the price of Bitcoin is experiencing a decline because when the price of Bitcoin drops, other potential altcoins also decrease in price.

It's still not completely confirmed on this as the market is still not showing signs of recovery, so that kind of expectation is likely to last longer this year as Bitcoin's price is now almost half of the ATH price that Bitcoin hit last year.

Until now, market conditions have not moved to recover or increase since the end of last year and this is still at the beginning of the year which has plenty of time to wait for Bitcoin prices to increase. when Bitcoin increases, other altcoins will also rise and the market will be said to have "recovered".

[MarjorieZimmermanGinger]

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 difficult for bitcoin to reach its lowest price now, the correction phase has not fully recovered, but if you pay attention it is impossible for bitcoin to be at a price of 100 thousand, bitcoin's journey in previous years has experienced a good increase, although in the short term bitcoin continues to be corrected, but look at the journey from the beginning until now, whether bitcoin experienced a decline or even progressed, and I still believe bitcoin will experience a high price spike in the future.

[Abiky]

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

Yes it's still possible. But I don't think it'll happen this year, simply because the market's on a bearish trend. For BTC to reach $100k, it needs to cross the latest ATH of nearly $68k per coin. I'd estimate this to happen after the next halving, based on BTC's past performance on the market. Altcoins are highly-dependent on Bitcoin, so they won't reach new heights unless BTC "says so". Of course, there are always exceptions to this rule. Coins with a lot of hype (like Dogecoin and SHIBA INU) might go sky high without Bitcoin. But that's rarity these days, since the whole market revolves around the original cryptocurrency (BTC).

I'd advise you to keep "hodling" BTC and top altcoins like Ethereum, BNB, and Avalanche until the time is right to sell. Sooner or later, prices will explode leaving you with a lot of money in your pocket. Ultimately, it's all about utility. As long as cryptocurrencies are useful, nothing else matters. Just my opinion

[pushups44]

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

This is all about the Fed tightening monetary policy, which has put a damper on crypto prices. However, sooner or later interest rate hikes will be priced in, and history tells us the Fed will reverse policy eventually - perhaps even quickly after. So it seems some more sideways movement is likely until the Fed changes course. In the meantime, this could be a great time to accumulate.

[ahmia39]

Bitcoin is a crypto asset that most people dream of. the birth of altcoins (alternative coins) aims to make people able to own digital assets because the cost of Bitcoin is quite expensive for the lower economic group. believe it or not, until now Bitcoin is still the choice of many people from the upper class to the lower economic circles.

That's in the past, but for now there are several Bitcoin Blockchain networks that can be used by everyone at a very low cost and this is also almost the same as Ethereum which has been supported by some very good networks such as BEP20, SOLANA, HECO, TOMOCHAIN and some others with different amount of transaction fees.

Likewise with the existing network on Bitcoin mate, you can choose it yourself to adjust the gas transaction fees which are cheaper because in Bitcoin there are also several very good and very cheap and also very fast networks, here is the proof.

[MarjorieZimmermanGinger]

do people overestimate bitcoin, they just say what has happened, they say based on experience, even if someone says that this year bitcoin will break the 100k price, it's not exaggerating but it's a hope, now bitcoin price is in the 40k range still It's not bad, maybe in the middle of 2022 the price can reach 60k.. amen.

People make predictions based on bitcoin's experience in the past, the experience that people know will not always be true, considering crypto in a day can change, but for bitcoin price it is unlikely that it will be much different from the price in 2021, because today's journey will follow the bitcoin trend in the previous month, if the correction can be reversed immediately, it is possible that bitcoin will reach a new ATH, I believe this will happen in May and above.

[Lordshiva]

do people overestimate bitcoin, they just say what has happened, they say based on experience, even if someone says that this year bitcoin will break the 100k price, it's not exaggerating but it's a hope, now bitcoin price is in the 40k range still It's not bad, maybe in the middle of 2022 the price can reach 60k.. amen.

People make predictions based on bitcoin's experience in the past, the experience that people know will not always be true, considering crypto in a day can change, but for bitcoin price it is unlikely that it will be much different from the price in 2021, because today's journey will follow the bitcoin trend in the previous month, if the correction can be reversed immediately, it is possible that bitcoin will reach a new ATH, I believe this will happen in May and above.

Yes people make predictions based on their years of experience in bitcoin. I have been watching bitcoin growth since 2017.in these 5 years there has been ups downs but what I experienced that finally bitcoin has only grown.
Specially in 2021 bitcoin price has increased even more that what people expected. And this year we may see bitcoin even breaking previous records.

[Shasha80]

do people overestimate bitcoin, they just say what has happened, they say based on experience, even if someone says that this year bitcoin will break the 100k price, it's not exaggerating but it's a hope, now bitcoin price is in the 40k range still It's not bad, maybe in the middle of 2022 the price can reach 60k.. amen.

People make predictions based on bitcoin's experience in the past, the experience that people know will not always be true, considering crypto in a day can change, but for bitcoin price it is unlikely that it will be much different from the price in 2021, because today's journey will follow the bitcoin trend in the previous month, if the correction can be reversed immediately, it is possible that bitcoin will reach a new ATH, I believe this will happen in May and above.

Yes people make predictions based on their years of experience in bitcoin. I have been watching bitcoin growth since 2017.in these 5 years there has been ups downs but what I experienced that finally bitcoin has only grown.
Specially in 2021 bitcoin price has increased even more that what people expected. And this year we may see bitcoin even breaking previous records.

We do need to look at the history of Bitcoin movement to be able to know the pattern of Bitcoin movement, so we can predict where the direction of
the movement of Bitcoin. But actually there are other factors to consider when predicting the price of Bitcoin, like good or bad news circulating
about Bitcoin, it can usually have an effect on the movement of Bitcoin. So it is not easy to predict Bitcoin price movements, even Bitcoin often moves
in a direction that is not according to our predictions. Therefore, in addition to predicting the price of Bitcoin, we also need to plan well when investing
in Bitcoin, in order to make the right decisions. Seeing the price of Bitcoin which has increased in 2021 beyond the expectations of many people,
hopefully it will happen again this year. Therefore, start accumulating the Bitcoins that we have, so that when the price of Bitcoin pumps, we can enjoy
a fairly large profit.

[tarable]

There is still a good chance that Bitcoin (BTC) and Bitcoin (BTC) will hit a new ATH this year after the last time it happened last year. Bitcoin (BTC) is at 40K and is trying to get past 50K. If Bitcoin (BTC) is able to hit 50K, then I'm sure something will happen.

Still have to be patient to see Bitcoin at $50K again this year because if Bitcoin can be at $50K again this year then market conditions will look bullish on some Altcoins such as Ethereum, BNB and Solana and a few others as well

Patience must be prioritized because for me Bitcoin (BTC) will be able to reach that price this year. if Bitcoin has reached the price of $50K, of course other potential coins such as Ethereum, Binance Coin and other altcoins will definitely increase as well. that's the great thing about Bitcoin (BTC) being able to have a positive influence.