Bitcoin 190K in 2024?

[yudi09]

Bitcoin in past have seen a good price boost after the halving. And many prediction models place the future price of bitcoin into 190K.
Is 190K too humble or very generous in your consideration?

In my opinion, the analysis model often created by PlanB @100trillionUSD is more scientific to be used as a consideration to strengthen personal speculation.
Every halving will result in a price jump in each period. Price poll that PlanB created with the question Bitcoin $100K in; 2024, 2025, 72% voted in 2024.
We can see prices in the past in the historical data, but regarding 190K the potential price after this year's halving has the potential to reach and for me the price of 190K is not low either.

What's your price plans for selling your holdings?

Depends on circumstances and needs.

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[justdimin]

I think the 190K prediction seems ambitious but not entirely implausible given the market dynamics and potential for increased adoption. I sold when it hit a new ATH this year but I sold it even lower. I really expected it to reach the 100K mark but it didn't, and then it bounced back. I said to myself that if it doesn't continue rising, I'll take profit for now and just save again to be able to handle the next increase and if it creates a new ATH again.

Taking your profit immediately the time the price of Bitcoin drops in the market it is a smart movement of investor but if you have a target you will not take your profit knowing that your target bitcoin price have not gotten to it so that is why any person who is holding a Bitcoin supposed to have a target limit so that when they increasement of Bitcoin got to that extent you can make your withdrawal and take off your profit but when they increment has not meet up to your target then you allow it to remain in your portfolio knowing that one day the price may increase and they get to your target.

Holding long term doesn't require that much work, it doesn't matter about your strategy neither, you just accumulate as much as you can and hold it, that's it. I understand that people may try to figure out a way to do better and not really have to just focus on holding, but that's something not that ideal, because the most efficient way of making money I have seen on this situation was just the fact that we could probably make profit based on holding.

Don't get me wrong, trading makes money too, for some people, but majority of people loses money during trading and that's why it doesn't make sense to anyone at all. I believe that the best way to make sure all goes well is the fact that we could make some money from it by holding.

[GeorgeJohn]

I think the 190K prediction seems ambitious but not entirely implausible given the market dynamics and potential for increased adoption. I sold when it hit a new ATH this year but I sold it even lower. I really expected it to reach the 100K mark but it didn't, and then it bounced back. I said to myself that if it doesn't continue rising, I'll take profit for now and just save again to be able to handle the next increase and if it creates a new ATH again.

Taking your profit immediately the time the price of Bitcoin drops in the market it is a smart movement of investor but if you have a target you will not take your profit knowing that your target bitcoin price have not gotten to it so that is why any person who is holding a Bitcoin supposed to have a target limit so that when they increasement of Bitcoin got to that extent you can make your withdrawal and take off your profit but when they increment has not meet up to your target then you allow it to remain in your portfolio knowing that one day the price may increase and they get to your target.

Holding long term doesn't require that much work, it doesn't matter about your strategy neither, you just accumulate as much as you can and hold it, that's it. I understand that people may try to figure out a way to do better and not really have to just focus on holding, but that's something not that ideal, because the most efficient way of making money I have seen on this situation was just the fact that we could probably make profit based on holding.

Don't get me wrong, trading makes money too, for some people, but majority of people loses money during trading and that's why it doesn't make sense to anyone at all. I believe that the best way to make sure all goes well is the fact that we could make some money from it by holding.

systematically the only shortest way for you to make a reasonable profit in cryptocurrency market especially bitcoin precisely is to buy and hold especially when the price of Bitcoin is low and the sell when the price of Bitcoin is high, Many people today who is a billionaire in cryptocurrency especially being Bitcoin did not invest short-term investment for them to make a huge profit for the investment.

Record has proven that you can only make a triple profit of your capital through bitcoin investment when you look at the market very well and the purchase when the market is extremely low and the hold for long time before selling when the market is on the bullrun, so it is very understandable that if you want to make a profit in Bitcoin you have to purchase sufficient amount and the hold on the the market accelerate more than the figure your purchase or the value you purchase.

Let me say that I was once one time beneficiary of Bitcoin investment at the time when I knew Bitcoin I've never doubted the value of bitcoin but many people was afraid of Bitcoin and also tag it a source of scamming people but I invested my money they particular amount bitcoin was that day was not the same amount of figure Bitcoin was when I sold my BTC so I made the profit based on I hold a bitcoin over 1 year and 6 months.

[Ricardo11]

I don't have a fixed price for selling my holdings, I just want to keep my holdings for a long time until my portfolio gets too big. I started holding bitcoin when the price of bitcoin was between 25k to 30k and I started holding using DCA method since then and I have been holding till now. I will not close my holding I will continue my investment using DCA method. But occasionally I may sell some holdings to fulfill my dreams. But my plan is not to sell my entire holding but to fulfill the dream or my need by selling a small amount and start holding again.

[JoyMarsha]

Bitcoin in past have seen a good price boost after the halving. And many prediction models place the future price of bitcoin into 190K.
Is 190K too humble or very generous in your consideration? What's your price plans for selling your holdings?

In the past, bitcoin's price has usually surged after halving, but this time, it's taking a new turn and setting a new all-time high before the halving. Because of this, this year's halving is more spectacular than the others.

The $190k benchmark is a very generous price that may be reached, but it's unclear if it will be fulfilled by the end of this year or next year. However, this is only a mere prediction, therefore we can't assume that the price of bitcoin will always be at that precise level as suggested by crypto models. 

[Falconer]

-snip-

In my opinion, the analysis model often created by PlanB @100trillionUSD is more scientific to be used as a consideration to strengthen personal speculation.
Every halving will result in a price jump in each period. Price poll that PlanB created with the question Bitcoin $100K in; 2024, 2025, 72% voted in 2024.
We can see prices in the past in the historical data, but regarding 190K the potential price after this year's halving has the potential to reach and for me the price of 190K is not low either.

I'm not saying PlanB's predictions are very scientific, but they may make sense when looking back including history and other support. The fundamentals are good enough to expect $100k to be broken during 2024, but it is not a guarantee. Prices can be higher because of demand, but on the contrary prices will be lower because of high supply. If during 2024 demand for bitcoin is higher than supply, then $100k will likely be reached.

About $190k, that's a pretty high prediction to say the least. I'm not that optimistic, but it's not impossible if there is a very high spike in demand. Maybe not in 2024, but it's still possible to expect it in 2025 (not optimistic about that).

[KingsDen]

The current ATH arrives at an "unexpected" moment: pre-Halving, that is unprecedented, and the selling situation, that has stay to a base (+60k) , which is important, since it has put on uncertainty, for those users who wanted "flats" between 20k-40k.

2024,190k; no
2024,>60k<=100k;yes

I am not a fan of exaggerating predictions. Even when I was in school and write exams, I'll have to understand score myself even when I know I have over performed. When the results is out, my performance will overtake my expectations. This same thing happens in bitcoin predictions. Even if I think bitcoin will make $190k, I will not be bold to make such prediction, it will look like exaggeration. I have read an article that $173 is the target.

[yudi09]

-snip-

I'm not saying PlanB's predictions are very scientific, but they may make sense when looking back including history and other support. The fundamentals are good enough to expect $100k to be broken during 2024, but it is not a guarantee. Prices can be higher because of demand, but on the contrary prices will be lower because of high supply.

Their predictions are more scientific for consideration and not to be used as a source for making decisions.
The market price for a coin is always not a certainty for every speculator born because it can change at any time beyond reach. Currently the price is that much, it won't take long for the price to change.

If during 2024 demand for bitcoin is higher than supply, then $100k will likely be reached.

I agree. It all depends on the circumstances. If demand is high, perhaps over $100k could be achieved.
The current support price is good enough to expect more.

[AnonBitCoiner]

Halving is very near and in such short period of time it is not possible to happen for bitcoin to reach from 68k$ to 190k$ but still it is a crypto and market can change anytime. If after effects of halving remains longer and price increase occurs for months then may be price reach to such value till the end of this year.

When bitcoin start to rise then everyone become satisfied because the price does not stop at 73k$ but there is a hope that before halving it will reach to the value higher than 73k$. After every halving the price goes higher but we don't know that what will be the limit if higher worth and will it reach to 100k$ or will down due to large number of selling.

[Kemarit]

Halving is very near and in such short period of time it is not possible to happen for bitcoin to reach from 68k$ to 190k$ but still it is a crypto and market can change anytime. If after effects of halving remains longer and price increase occurs for months then may be price reach to such value till the end of this year.

When bitcoin start to rise then everyone become satisfied because the price does not stop at 73k$ but there is a hope that before halving it will reach to the value higher than 73k$. After every halving the price goes higher but we don't know that what will be the limit if higher worth and will it reach to 100k$ or will down due to large number of selling.

We still have like 8 months to do that, and we have seen that any price is possible for Bitcoin. It might get to $190,000 this year, but this is bull run might be very big. And just like that, we could see that price.

I don't think that we can all be satisfied, it's good, but we all know that at the back of our minds, we want more higher prices. And it's really doable with a market like Bitcoin who works in cycle and now that we are in a bull run, we are looking for at least 6 digits for the first time.

[pawel7777]

(...)
Is 190K too humble or very generous in your consideration? What's your price plans for selling your holdings?

$190k is a bold prediction and highly improbable but yet, not impossible. When the rally begins, things can go really high really fast.

1BTC=$190k would result in Bitcoin's market cap of $3.7 trillion (at the current number of bitcoins in issue). For comparison, gold's market cap is estimated to be over $14 trillion, so even then BTC would be almost x4 smaller than gold.

But do you have the source for that $190k prediction? Did they mention methodology at all? We often see a bunch of "experts" throwing random numbers around. It's almost like the highest the prediction, the more media coverage it gets.

[Hallroom]

I don't support a $190k bitcoin price in 2024, that's far from the present. But I am optimistic that the price of Bitcoin touching $190k in 2025 is very likely. I think the price of Bitcoin is on the upswing as Bitcoin ETF get approved as far as possible. So due to various good news in 2024 Bitcoin will make record high in 2025 bull market.

[Obim34]

The current ATH arrives at an "unexpected" moment: pre-Halving, that is unprecedented, and the selling situation, that has stay to a base (+60k) , which is important, since it has put on uncertainty, for those users who wanted "flats" between 20k-40k.

2024,190k; no
2024,>60k<=100k;yes

I am not a fan of exaggerating predictions. Even when I was in school and write exams, I'll have to understand score myself even when I know I have over performed. When the results is out, my performance will overtake my expectations. This same thing happens in bitcoin predictions. Even if I think bitcoin will make $190k, I will not be bold to make such prediction, it will look like exaggeration. I have read an article that $173 is the target.

The whole matter on predictions and speculation doesn't really drags much of my attention, this is something I am completely confident about whether be it $170k, $190k or whatever the case may be, we can't exempt the real fact that we must see a new All Time High, it has been a Bitcoin custom to do so frequently after all halvings.

I don't support a $190k bitcoin price in 2024, that's far from the present. But I am optimistic that the price of Bitcoin touching $190k in 2025 is very likely. I think the price of Bitcoin is on the upswing as Bitcoin ETF get approved as far as possible. So due to various good news in 2024 Bitcoin will make record high in 2025 bull market.

We are likely to live on this speculation and prediction but what the market brings is the actual reality of what we all are exaggerating, since we can't t fully beat our chest on this I only have to sit and watch while my investment grow but certainly we are exceeding the $100k price mark before the end of 2024.

[m2017]

A very important event is scheduled to happen this April. Around April 16 or 17. It's bitcoin halving again. i.e. number of bitcoin rewarded for mining a block would be halved. It meas half bitcoin reward for equal task for miner. That would also decrease the liquidity in bitcoin provided by the miners. The miners operate on small margin and many could go on loss if they sold their reward for current price so they won't be willing to sell it unless price moves up. Bitcoin in past have seen a good price boost after the halving. And many prediction models place the future price of bitcoin into 190K.
Is 190K too humble or very generous in your consideration? What's your price plans for selling your holdings?

Are we already talking about $190K? Why not about $200K? This value looks nicer.

Have you set the bar too high? Bitcoin didn't even reach the important psychological mark of $100K. If the previous dynamics continue, then this level should be reached. I assume that ATH in this cycle will be around the level of $120-$150K and $190K looks like an overly high expectation to me.

Shall we leave $190K for the next cycle?

[rodskee]

A very important event is scheduled to happen this April. Around April 16 or 17. It's bitcoin halving again. i.e. number of bitcoin rewarded for mining a block would be halved. It meas half bitcoin reward for equal task for miner. That would also decrease the liquidity in bitcoin provided by the miners. The miners operate on small margin and many could go on loss if they sold their reward for current price so they won't be willing to sell it unless price moves up. Bitcoin in past have seen a good price boost after the halving. And many prediction models place the future price of bitcoin into 190K.
Is 190K too humble or very generous in your consideration? What's your price plans for selling your holdings?

but who are those prediction models that you are calling to be MANY? because 100k is even
more on reality to come but 190 just this year alone? well i am not here to fud nor shill but I am not
 to be in so much expectation , i believe that Halving is coming and I also believe that market will
change after than , but the effect in positive ways mostly happen in many months and not instantly.

[Marvell1]

A very important event is scheduled to happen this April. Around April 16 or 17. It's bitcoin halving again. i.e. number of bitcoin rewarded for mining a block would be halved. It meas half bitcoin reward for equal task for miner. That would also decrease the liquidity in bitcoin provided by the miners. The miners operate on small margin and many could go on loss if they sold their reward for current price so they won't be willing to sell it unless price moves up. Bitcoin in past have seen a good price boost after the halving. And many prediction models place the future price of bitcoin into 190K.
Is 190K too humble or very generous in your consideration? What's your price plans for selling your holdings?

Are we already talking about $190K? Why not about $200K? This value looks nicer.

Have you set the bar too high? Bitcoin didn't even reach the important psychological mark of $100K. If the previous dynamics continue, then this level should be reached. I assume that ATH in this cycle will be around the level of $120-$150K and $190K looks like an overly high expectation to me.

Shall we leave $190K for the next cycle?

I don't think that target is too high, $190k is an acceptable price for bitcoin during this bull season. I personally believe that bitcoin will reach $80k-90k soon after the halving and then we will have strong growth across the entire market in the last quarter of the year. Bitcoin will touch 190k$-220k$ and many altcoins will x10, x100, this is completely possible.

This is my prediction and I make it based on the economic situation. With the Fed lowering interest rates, economic recovery and the need to increase income are a must, and investing is one of the ways to increase income quickly. Surely people will not ignore it and combined with news about ETFs, people will confidently invest more in bitcoin. This will fuel a strong bullish cycle.

[barisbilgili]

I don't think that target is too high, $190k is an acceptable price for bitcoin during this bull season. I personally believe that bitcoin will reach $80k-90k soon after the halving and then we will have strong growth across the entire market in the last quarter of the year. Bitcoin will touch 190k$-220k$ and many altcoins will x10, x100, this is completely possible.

This is my prediction and I make it based on the economic situation. With the Fed lowering interest rates, economic recovery and the need to increase income are a must, and investing is one of the ways to increase income quickly. Surely people will not ignore it and combined with news about ETFs, people will confidently invest more in bitcoin. This will fuel a strong bullish cycle.

If you look at the developments that have occurred in recent times, I am also quite optimistic that this will happen in 2024. Moreover, this year is still very long, we are at the beginning of the year and quite a lot of improvements have occurred so it is possible that this will continue to happen. .
$190k is not impossible, I believe it will happen in 2024 after seeing what happened and quite a lot of things that were predicted to happen earlier with the development and attraction and also the positive news of Bitcoin.

[Oasisman]

A very important event is scheduled to happen this April. Around April 16 or 17. It's bitcoin halving again. i.e. number of bitcoin rewarded for mining a block would be halved. It meas half bitcoin reward for equal task for miner. That would also decrease the liquidity in bitcoin provided by the miners. The miners operate on small margin and many could go on loss if they sold their reward for current price so they won't be willing to sell it unless price moves up. Bitcoin in past have seen a good price boost after the halving. And many prediction models place the future price of bitcoin into 190K.
Is 190K too humble or very generous in your consideration? What's your price plans for selling your holdings?

Are we already talking about $190K? Why not about $200K? This value looks nicer.

I don't know what's wrong with predictions like this though lol. They could've put $200k even, instead of $190k. Is there something special with that figure though?
Nevertheless, that figure is quite unrealistic in 2024. I'd consider $100k or a little above to be the ceiling this year.
And yes, $150k to $200k could be feasible in the next cycle. If the halving hype and adoption will constantly increase in the next 4 years. Bitcoin will need a much higher market cap to reach that though.

[Kelward]

Seems too generous.

I have high hopes for bitcoin and I am certain that it is still going to hit a new all time high this year. A little too hopeful if I say it might reach a new ath before halving and then again after. Whichever way it is I know that a new ath will be recorded once again. Will it come to $190k? No. My best bet would be $100k actually. If something unexpected it would be $110k maximum.

I agree that predicting Bitcoin price to reach $190k this year can be wishful thinking or too generous like you said, although I'm very hopeful about a massive bull season, and the $190k or $200k price target can be achieved in the peak of bull run somewhere in 2025, I'm modestly predicting it's price to be in the range of max $110k within this year 2024. Although the crypto market is quite unpredictable and events can make price to swing unexpectedly, so if we're to see a price surge like it's predicted in the OP within this year 2024, then the bull season might be shortlived, we might then see an early start of bear run.

[peter0425]

Bitcoin in past have seen a good price boost after the halving. And many prediction models place the future price of bitcoin into 190K.
Is 190K too humble or very generous in your consideration? What's your price plans for selling your holdings?

In the past, bitcoin's price has usually surged after halving, but this time, it's taking a new turn and setting a new all-time high before the halving. Because of this, this year's halving is more spectacular than the others.

a crazy market mate , this is the first time that the market act like this and made to break ATH multiple times before halving and indeed we may take new movement this year expecting that Halving may not bring dumping instead a continues growing this year and the next.

The $190k benchmark is a very generous price that may be reached, but it's unclear if it will be fulfilled by the end of this year or next year. However, this is only a mere prediction, therefore we can't assume that the price of bitcoin will always be at that precise level as suggested by crypto models. 

what can we have here but prediction right? and besides there are nothing we can do but to predict and wait for what to happen.