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Author Topic: Bitcoin could hit $100,000 by the end of 2024 - Standard Chartered - Surprised?  (Read 756 times)
peter0425
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August 29, 2023, 07:41:05 AM
 #101

We have read many similar predictions by many market analysts and so-called Bitcoin enthusiasts about the bright future of Bitcoin. This is not surprising and this post is not a speculation post. What is surprising is that such kind of optimistic predictions is coming from one of the banking majors. The current banking turmoil has helped Bitcoin to win the trust of the people.

Read here: https://www.reuters.com/technology/bitcoin-could-hit-100000-by-end-2024-standard-chartered-says-2023-04-24/

Not all battles are fought on the battleground. Some are fought silently and patiently and time decides the winner. We are surely on the winning path!

Thoughts?

is there any thing that can hinder bitcoin from reaching that level mate? not Unless
there will be a worldwide problem like pandemic 2019 , surely bitcoin will reach that top
next year .
imagine we are just a year for that to come, how I wonder what would not believers feel when this happens?









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August 29, 2023, 07:45:05 AM
 #102

No, I am not surprised, as it is within normal post-halving predictions. I think we will get to that figure and pass it simply by experience of tracking markets in general and that of Bitcoin, without doing such detailed analysis as Standard Chartered. I guess that news is more appealing for those who don't know much about this world, as $100K is a round figure that draws attention, than it does from those of us who know it.

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Davian144
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August 29, 2023, 09:14:02 AM
 #103

Yes, Bitcoin price may reach 100,000 by the end of 2024. However, there has been no prospect of a bull market in the Bitcoin price for quite some time now, and currently the Bitcoin price has dropped below 26k. But still there will be a bull market with high Bitcoin prices in the future, almost everyone knows that, and this will happen, and by 2025 the price of Bitcoin will reach an all-time high.
This year there probably won't be big bulls or such a significant increase in price, because Bitcoin still needs a gradual price increase every month and it still has to take until next year for there to be a calculation of the bullish rate through the current price in the market from the lowest price. in this year to the highest price at the end of this year or early next year. So as long as there isn't a significant price fix in the market for Bitcoin, I won't talk about the possibility for $100K by the end of 2024.
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August 30, 2023, 09:42:25 AM
 #104

Yes, Bitcoin price may reach 100,000 by the end of 2024. However, there has been no prospect of a bull market in the Bitcoin price for quite some time now, and currently the Bitcoin price has dropped below 26k. But still there will be a bull market with high Bitcoin prices in the future, almost everyone knows that, and this will happen, and by 2025 the price of Bitcoin will reach an all-time high.
This year there probably won't be big bulls or such a significant increase in price, because Bitcoin still needs a gradual price increase every month and it still has to take until next year for there to be a calculation of the bullish rate through the current price in the market from the lowest price. in this year to the highest price at the end of this year or early next year. So as long as there isn't a significant price fix in the market for Bitcoin, I won't talk about the possibility for $100K by the end of 2024.
I would guess that it will not have a huge increase but it will end with over 30k if you ask me. The reason why I think like this is because I think it is going to be a bit different to some people and we should remember that i its not going to be that easy to handle.

Of course some people may think that it will do well enough but the reality is that we are not going to end up with a good thing one way or another, it is going to end up with a situation where it will make a bit of a different perspective. The next year on the other hand is a good one and we should be seeing some big increases one way or another, and we should be considering halving as a good thing that will make the price start going up in the near future.

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yohananaomi
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September 12, 2023, 03:20:41 PM
 #105

More and more are optimistic that in 2024 the price can reach $ 100k, of course this is reasonable because the number of bitcoin users continues to increase and the adoption or direct use for transactions is getting bigger, in 2024 there will also be a halving so that many people speculate to buy because after the halving will occur big increase.
The halving era will indeed occur in early 2024, and of course, this will trigger a movement towards improvement during this time. I think it's normal, and I really agree with you and many others that $100K is not too far-fetched for Bitcoin to reach it by the end of 2024. We also have to remember that this price was predicted to happen in 2021, but it didn't materialize.Everyone already knows about Bitcoin, and it is clear that as the halving era approaches, many will take action to encourage Bitcoin to immediately move in a positive direction because everyone knows how important Bitcoin is to them.

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September 12, 2023, 08:59:16 PM
 #106

Yes, Bitcoin price may reach 100,000 by the end of 2024. However, there has been no prospect of a bull market in the Bitcoin price for quite some time now, and currently the Bitcoin price has dropped below 26k. But still there will be a bull market with high Bitcoin prices in the future, almost everyone knows that, and this will happen, and by 2025 the price of Bitcoin will reach an all-time high.
This year there probably won't be big bulls or such a significant increase in price, because Bitcoin still needs a gradual price increase every month and it still has to take until next year for there to be a calculation of the bullish rate through the current price in the market from the lowest price. in this year to the highest price at the end of this year or early next year. So as long as there isn't a significant price fix in the market for Bitcoin, I won't talk about the possibility for $100K by the end of 2024.
I would guess that it will not have a huge increase but it will end with over 30k if you ask me. The reason why I think like this is because I think it is going to be a bit different to some people and we should remember that i its not going to be that easy to handle.

Of course some people may think that it will do well enough but the reality is that we are not going to end up with a good thing one way or another, it is going to end up with a situation where it will make a bit of a different perspective. The next year on the other hand is a good one and we should be seeing some big increases one way or another, and we should be considering halving as a good thing that will make the price start going up in the near future.
Basing up on Q4 on 2024 then we are already that post-halving time on which we know that anytime this is where bull run could possibly kicked in and having that 4x movement basing up on the price on where we are now then it would really be just that understandable that it could have those high chance knowing on how it moves whenever we are on a bull run market which $100k is something realistic compared into those $1M price predictions which is really just that too much or absurd. This is why its better to make yourself that able to make positions and targets basing up with those realistic numbers. If you are holding for long term then this one wont really be that much of an issue.

This is why with the current price or value that we do have now then it would really be that better that you should really be that wise on taking some accumulation while its still cheap.
We arent still on a bull run yet which means that there's still time for us to be able to accumulate coins which you might really be ending up on getting those regrets if you had
realized that you had missed up some another opportunity to make profits.

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September 13, 2023, 04:02:51 AM
 #107

With the amount of speculation like that, there are many communities in this crypto industry that have assumed that this will actually be the price value of Bitcoin, even though in reality it still remains a prediction or speculation. Although there is nothing wrong with believing, especially if you are a long-term investor, you will not be affected by these situations.

There are quite a few forecasts that are even higher than 100k$ because the others are said to be at 140k$–160k$ or more before the end of 2024. There are too many people who give predictions, and if you don't know anything about the movement in the market, for sure they will believe the speculations of other crypto traders. But anyway, let's see what will happen in the future or next year.


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