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Author Topic: Do you agree with this Bitcoin price analysis?  (Read 182 times)
Phoenixtrader (OP)
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July 21, 2024, 07:13:58 AM
 #1

Happy Sunday my people. Doing some research then I saw this analysis about Bitcoin.https://coincodex.com/crypto/bitcoin/price-prediction/ hitting 300k by 2030.  Let's analyze together. How you see am? With all this regulations & unfavourable laws in crypto..is this feasible long term?
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July 21, 2024, 07:53:00 AM
 #2

Bitcoin marketcap is at $1.32 trillion as of now. For bitcoin to get to $300000 in 2030, its marketcap would be almost $6 trillion at the time. Can bitcoin have almost up to $6 trillion marketcap by that time?

As the marketcap of bitcoin is increasing, also it will be getting difficult for bitcoin to get to a very high price fast as the market will become less volatile. But 2030 is still six years away which is still very far from now. But we should not expect bitcoin to be very volatile and increasing as it was increasing before.

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July 21, 2024, 09:51:31 AM
 #3

Bitcoin na volatile asset and based on dat, e no easy to give accurate predictions of wetin di price go be for future. Dat na why I de happy as di writer talk for di link wey you share say di analysis no be investment advise. With my knowledge so far for Bitcoin matter, my decision for di investment be say I no go de worry about price speculations. Di most important thing be say Bitcoin go de reach new ATH price on di long term and my ROI go de increase.

Bitcoin price fi to surprise you say e go leap pass $300k by 2030 or e fit no reach like dat, di important thing for me be say make ATH de happen for every bull run. Di average investor wey hodl Bitcoin no get my influence over wetin price go be, except for whales wey fit to manipulate price on the short term. Make we just buy, hodl and wait till di forces of demand and supply go make am skyrocket to new ATH price.

R


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July 21, 2024, 05:26:08 PM
 #4

Bitcoin price is hard to predict because no one knows if by 2030 the price of bitcoin will reach 300k or not because there are a lot of circumstances that can affect bitcoin price. But there is a high tendency that bitcoin price will continue going up overtime due to her volatile nature and the rate of adoption.

Anyone that is telling you about bitcoin price in future is only speculating because we cannot use past records to make conclusions about the future. The volatile nature of bitcoin will reduce when a lot of people have adopted bitcoin and it will not be as high as before.

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July 21, 2024, 06:19:00 PM
 #5

Bitcoin marketcap is at $1.32 trillion as of now. For bitcoin to get to $300000 in 2030, its marketcap would be almost $6 trillion at the time. Can bitcoin have almost up to $6 trillion marketcap by that time?

As the marketcap of bitcoin is increasing, also it will be getting difficult for bitcoin to get to a very high price fast as the market will become less volatile. But 2030 is still six years away which is still very far from now. But we should not expect bitcoin to be very volatile and increasing as it was increasing before.

I guess we'll have to wait and see.
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July 21, 2024, 06:46:23 PM
Merited by CryptopreneurBrainboss (1)
 #6

Happy Sunday my people. Doing some research then I saw this analysis about Bitcoin.https://coincodex.com/crypto/bitcoin/price-prediction/ hitting 300k by 2030.  Let's analyze together. How you see am? With all this regulations & unfavourable laws in crypto..is this feasible long term?

This may be a long time projection and we may not be able to ascertain what the price might be by that time, this will just be another speculation and we should just leave it like that because for bitcoin to get to that price is not something easy with all the hurdles it’ll have to face to get there. 300K is about x5 of its current price, I will still doubt it but without knowing what is to come for bitcoin from not till then, one can not be so sure still.

As the marketcap of bitcoin is increasing, also it will be getting difficult for bitcoin to get to a very high price fast as the market will become less volatile. But 2030 is still six years away which is still very far from now. But we should not expect bitcoin to be very volatile and increasing as it was increasing before.

Certainly they’ve been a lot of decrease in the volatility nature of bitcoin since its inception. How it increases due to its volatility have reduce dramatically. If the volatility continues in that manner even after every cycle, the current price that bitcoin is now would have been surpassed long ago before now. The number of times it multiplies its price at every circle is decreasing, so getting to that price by 2030 looks unimaginable to me right now.

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July 21, 2024, 08:26:02 PM
 #7

There have been lot of speculations about bitcoin hitting 1m$ by 2030 which must first $300k and of course I know anything is possible around the space but what could really make bitcoin gain this price level, it's just by news and information could get people attracted to want to invest I believe they are not sure of their prediction but certainly it most get to that price or who knows after the USA election and if finally Donald Trump wins then it could give an upper lift to entire cryptocurrency space especially bitcoin.

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July 22, 2024, 03:10:05 PM
 #8

Happy Sunday my people. Doing some research then I saw this analysis about Bitcoin.https://coincodex.com/crypto/bitcoin/price-prediction/ hitting 300k by 2030.  Let's analyze together. How you see am? With all this regulations & unfavourable laws in crypto..is this feasible long term?
E dey very possible say the price fit go reach that amount sha but no be like say na somthing wey we go com dey put mind den e com later happen say no be as we reason am naime com happen, make e no com look like say you put money now dey com dey expect somtin huge and e no com happen ike dat because no be so e dey always be most times. one tin be say just like you na you fit look d chat and the history of btc na den u go just make your own predictions based on wetin you feel say fit work and e fit happen like dat and na so e go happen sometimes. so al of dem na prediction which means say e fit happen and e fit no happen too.

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July 22, 2024, 03:56:38 PM
 #9

Happy Sunday my people. Doing some research then I saw this analysis about Bitcoin.https://coincodex.com/crypto/bitcoin/price-prediction/ hitting 300k by 2030.  Let's analyze together. How you see am? With all this regulations & unfavourable laws in crypto..is this feasible long term?
Na 2024 we dey presently, which means that we still have 4 6 years, or make I just talk say, 5.6 years to 2030, and judging from the price of bitcoin presently, and the potential for it to further increase in from this price in the future, me go talk say, it's highly possible for bitcoin to reach that price of $300,000 by the year 2030.

And even to say what I actually think, if majority of the world government should change their stands as it regards to bitcoin and cryptocurrencies in general, e dey very possible say bitcoin go don reach that price of $300,000 even before that 2030 year go reach.

But again on the other hand, whether bitcoin reach this price of not, the fact remains that it can't be stopped, regardless of whatever type of bad policy the government come up with.

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July 22, 2024, 05:31:30 PM
Merited by Franctoshi (1), Richbased (1)
 #10

Happy Sunday my people. Doing some research then I saw this analysis about Bitcoin.https://coincodex.com/crypto/bitcoin/price-prediction/ hitting 300k by 2030.  Let's analyze together. How you see am? With all this regulations & unfavourable laws in crypto..is this feasible long term?
Hope we know say all these analysis way the chart to the link for the op make na all part of every other normal predictions way we dey encounter now and then for the market, which mean say nothing really dey accurate despite the statistics involved. The thing about bitcoin be say the cryptocurrency don probe itself to be resilient under plenty unfavourable policies and attacks come survive am even when the adoption never much like we get today. Nah make for us hope still dey say bitcoin price go do better in the future but na the accurate amount nah nobody fit really punch out.
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July 22, 2024, 05:39:54 PM
 #11

 As the others don tok, e no go dey proper to depend on the price analysis of one person say nah so Bitcoin price go be because nah volatile asset and e no dey fixed. You fit make your own prediction unto say nah wetin you dey expect say nah wetin Bitcoin go be due to past events but then e no go turn out that way.
 E no go matter if I agree with the analysis of the link you share if nah wetin the person feel say the price go be at that moment.

R


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July 22, 2024, 06:56:49 PM
 #12

Bitcoin marketcap is at $1.32 trillion as of now. For bitcoin to get to $300000 in 2030, its marketcap would be almost $6 trillion at the time. Can bitcoin have almost up to $6 trillion marketcap by that time?

As the marketcap of bitcoin is increasing, also it will be getting difficult for bitcoin to get to a very high price fast as the market will become less volatile. But 2030 is still six years away which is still very far from now. But we should not expect bitcoin to be very volatile and increasing as it was increasing before.

Yes I agree with you because regardless of the fact that Bitcoin has experienced immensed growth for sometimes now, we shouldn't be expectant that the price will keep on increasing rapidly in the upcoming years since we have bull and bear seasons, at some point the price will experience significant increase and also a decline because corrections are meant to occur before it begins to skyrocket again but however, all what we are doing is mere speculations as the price of Bitcoin is determined by a lot of factors and of which if there is so much demand for Bitcoin in the upcoming years then the supply will also increase therefore it will project the price of Bitcoin to skyrocket in accordance with the market capitalization so 2030 is just about 6 years from now which means we gonna experience another halving and bull run before then so it is unlikely to reach $300k but it can still be possible depending on the inflow in the market Cap.

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July 22, 2024, 11:51:55 PM
 #13

Bitcoin marketcap is at $1.32 trillion as of now. For bitcoin to get to $300000 in 2030, its marketcap would be almost $6 trillion at the time. Can bitcoin have almost up to $6 trillion marketcap by that time?

As the marketcap of bitcoin is increasing, also it will be getting difficult for bitcoin to get to a very high price fast as the market will become less volatile. But 2030 is still six years away which is still very far from now. But we should not expect bitcoin to be very volatile and increasing as it was increasing before.

I guess we'll have to wait and see.
It was obviously going to be the response all along, having to wait and see but omo, $300k na plenty money Dey there o, make you shah know and 2030 no be plenty time if you Dey reason say, e far like that. Na just one halving and possibly a bullrun way go Dey for front and so long as price no double, that your $300k no go dey feasible.
As e be, people no dey expect much from the bullrun way we still dey wait to set in like this. People don even dey speculate say e go be one of the worst bullrun, well, that na until e manifest last last but, the thing he say, the more Bitcoin continue to exists and price appreciate, we gi eventually find price to creep rather than gallop.

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July 23, 2024, 08:25:04 AM
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Happy Sunday my people. Doing some research then I saw this analysis about Bitcoin.https://coincodex.com/crypto/bitcoin/price-prediction/ hitting 300k by 2030.  Let's analyze together. How you see am? With all this regulations & unfavourable laws in crypto..is this feasible long term?
This will happen in his dreams, Bitcoin can't hit $300,000 in 2030, but it may hit that level in some decades, certainly not earlier than 10 years in my view. But your reason is not the factor to consider because regulation is not a clampdown, it's just a means to make Bitcoin more accountable. Have you seen the government restricting anyone's investment in Bitcoin? Gold is well-regulated, but you can see it today, it's just hitting new all-time highs yearly.

However, my reasons for disagreeing with the guy are many but let me share two out of them. First, Bitcoin has not hit a certain level that would warrant it to be technically speculative. Speculators like that are just talking randomly and presumptuously based on their instincts, nevertheless, his prediction is too outrageous. Second, liquidity issues will cause a slow price climb in Bitcoin, such is hinted already this year. The coin may climb above $100,000 with time, but seeing $200,000 will take longer than most people anticipate.


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July 23, 2024, 12:25:19 PM
 #15

That is 6 years from now it's quite a long period of time sha but that's really huge though nothing is impossible but this particular analysis is really somehow to me however, it will be a day or year of joy for me if I have been able to accumulate good amount of Bitcoin in my wallet.

Well this speculation can only be somehow possible if Bitcoin will move just as it moves from last year December to that ATH on March.

December 2023 Bitcoin was $42k
12 March 2024 Bitcoin hit a new ATH $73-74k.
Subtracting this we have $31k which is the difference between 2023 and 2024.
 So lets assume Bitcoin makes this $31k between this 6 years, we will have like $179k + $73k  = $252k which is somehow close to the speculation,  though Bitcoin is below $73k  now but I believe before the end of this year it will reach $73k or even get a new ATH again.


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July 26, 2024, 10:10:10 PM
 #16

I'll say yes, Bitcoin can get to $300k, the maths no hard if you check am well but giving it a specific date na where we dey get am wrong as Bitcoin no dey follow all those prediction wey the so called experts them dey do. Make we just dey invest without having a mentally that this specific date say Bitcoin go dey like this price or like that price because we go get am wrong. If you no sabi make you reason how e be for the last bull market, many self acclaim specialist predicted a $100k price but e no happen so make your hopes no too dey go up.

Happy Sunday my people. Doing some research then I saw this analysis about Bitcoin.https://coincodex.com/crypto/bitcoin/price-prediction/ hitting 300k by 2030.  Let's analyze together. How you see am? With all this regulations & unfavourable laws in crypto..is this feasible long term?

Long term investing in Bitcoin is always going to be worth it, forget all this regulation dem wey dey always pop up when Bitcoin is having a good run and soon dem go disappear comot. China dun try their own, America too and now Nigeria dey hot but soon all go relax with their regulations when dem see say dem no fit bring Bitcoin down. How you go know say Bitcoin no go slow down, check the adoption chart and popularity chart of Bitcoin, e dey steadily dey on the rise so nothing wey dem think say dem dey do to bring Bitcoin down deg work.

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July 27, 2024, 07:46:56 AM
 #17

Whatever people are analyzing now are mare speculations and not certainty. There are those who believe that bitcoin will get $500k by 2028 and others believed that bitcoin will not get up to that. For me I believe that any price is achievable with bitcoin. But it is not something I have to worry myself too much about. I am someone who live in the moment and I don't worry too much about the future. Too many speculations going on and it's not something I should be too much bothered with. My own is that let me have enough liquidity and keep buying bitcoin, wherever price it gets to by that time it will benefit me. Let's not just focus on speculations, rather use that time hustle for money carry dey buy bitcoin.

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July 31, 2024, 04:19:47 PM
 #18

Bitcoin price is hard to predict because no one knows if by 2030 the price of bitcoin will reach 300k or not because there are a lot of circumstances that can affect bitcoin price. But there is a high tendency that bitcoin price will continue going up overtime due to her volatile nature and the rate of adoption.

Anyone that is telling you about bitcoin price in future is only speculating because we cannot use past records to make conclusions about the future. The volatile nature of bitcoin will reduce when a lot of people have adopted bitcoin and it will not be as high as before.

You are right. Bitcoin prices cannot be forecast because they are erratic. No one knows the future, and we don't know what the price of bitcoin will be in 2030, but bitcoin is powerful in the online world, and people believe in the coin, which is still increasing and decreasing, indicating that the coin will increase, but we don't know if it will reach the amount you say. I've noticed that when people sell their bitcoin, the price decreases, which causes people who invest to have their capital decrease as well. I'm sure that every time people trade on bitcoin, selling and buying, he affects the bitcoin price and doesn't move well, so before the bitcoin price reaches that 300k he will definitely take long term but anything can happen. In my opinion, the price cannot reach such an amount, but if bitcoin continues to move smoothly, he will undoubtedly reach and even surpass the 300k mark. If some people simply see the bitcoin price as increasing, they will rush to sell because everyone invests to profit, and when you reach your target, you will not keep and lose, and if people sell, the price will not be stable, and when people buy, the price will rise, which is crypto. So it's only a matter of patience; instead of worrying about what won't happen right now, plan for the day and acquire what you want.

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August 02, 2024, 10:43:44 AM
 #19

Happy Sunday my people. Doing some research then I saw this analysis about Bitcoin.https://coincodex.com/crypto/bitcoin/price-prediction/ hitting 300k by 2030.  Let's analyze together. How you see am? With all this regulations & unfavourable laws in crypto..is this feasible long term?

This is bitcoin we're talking about here which volatility is not so high like the MemeCoins. Bitcoins future price can be unpredictable so deliberating on this analysis will make no difference but if we must keep it as market trends, then we should consider to evaluate the volume of the market cap to the period of time by which we expects this prediction to come.
With the current value of bitcoin jingling to approach the current ATH and its timely falls, and the context by which we're expecting $100,000 to $120,000 by this event circle within the rest of the year and 2025, I still feel hard to believe that next event bitcoin circle could prove X2 from this current anticipating ATH by the bull run where 2020 could hit $300,000. But yet to an utmost believe, it's under probability as well all guess according to our perspectives.

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August 02, 2024, 12:22:53 PM
 #20

Yes, I agree with u because d current price has speak louder about what will going to happen in d future which many bitcoiners are using those opportunity to continue buying BTC and hodl for future purpose, because dey no say d price will pump above that amount before d end of 2030. Hope u are using this current price $64k to buy more BTC? If not, try to start buying now and hodl for long period of years than listening to some people saying that d price will not reach $300k in d future which is not true according to my observations, concerning were d price of BTC started from in d industry and were d price is now, u will no that it will hit higher in d nearest future.

I will advise u to continue investing in BTC without fear when u are financial buoyant and u will not regret for making such decision when d price hit $300k.

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