SOKO-DEKE
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August 29, 2024, 08:56:52 PM |
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It seems not this year because the price of the bitcoin after the halving most likely next year before it rose up with your prediction of 100k I guess its not impossible we know how people keep continuously supporting the use of the bitcoin as investment into projects and payments, as you were saying that you know bitcoin already did you hold up your coins too since you know it or you are just getting accumulation right now after you've seen the potential of it?.
Bitcoin is not something anyone can predict. People making predictions are just doing so based on some factors, but almost all the time, they still get it wrong. A lot of people were expecting Bitcoin to reach $100k this year. In fact, some even think it can surpass $100k. However, I would never judge anyone wrong because anything can happen with Bitcoin prices. Bitcoin prices are determined by demand, and it's possible that some companies could come up and invest a certain amount in Bitcoin.Similarly, some people who have invested huge amounts could decide to sell some portion of their Bitcoin, which could cause the market price to dump. So, it's better to continue accumulating Bitcoin with what you can afford to lose rather than focusing on when Bitcoin will reach $100k. We should just acknowledge that Bitcoin prices are hard to predict, so Bitcoin reaching $100k this year is both possible and not possible.
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Maslate
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August 29, 2024, 09:21:00 PM |
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I have seen the Up and Down of BTC, but I could not imagine that it slowly became so popular. Now, I think BTC will do very well in the near future. It is still in very good shape, though. It will cross 100k+ very soon. What is your personal opinion about BTC?
Bitcoin price is increasing day by day, will increase more in future. If we go back 10 years ago then we regret why we didn't invest 10 years ago. 10 years from now will regret the present again. Many people predict that Bitcoin will hit $1 million dollars, I also believe that Bitcoin will definitely hit $1 million dollars in the future. However we may see a bull run soon and Bitcoin may hit $100k in the upcoming bull run. Currently Bitcoin is very reliable, because Bitcoin has been able to recover from huge downs. Bitcoin hit $69k in 2021, dropped to $16k in 2023 but the market recovered within a year. So investing in bitcoins is very low risk, if you can hold for long term you can definitely profit. Bitcoin is currently very popular and will gain more popularity in the future. There's no doubt with that bitcoin will eventually reach a million in the future. But of course, let's not anticipate that the process will be all smooth since we all know how price correction or market crash will pull its price down again until bitcoin manage to recovers. But as long as bitcoin has proven to still offer huge potentials, then it will definitely be here for long.
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Ale88
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August 29, 2024, 11:22:35 PM |
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Now concerning the bitcoin bull, I don't really think that bitcoin will be hitting the $100k mark anytime so soon or rather this year. It's definitely going to take a while based on some certain price movements this year. If you can recall vividly, bitcoin hit the $78k mark recently this year which was the major bull price I speculated this year . Anyways hitting a 100k would be nice though I don't see it too soon this year.
I agree with you, I don't think we'll see the $100k this year, way more chances during 2025, maybe around mid year. Let's not forget that in order to reach such number we need a very big injection on money in the market, pushing bitcoin from $1k to $10k is kind of easy, doing the same but from $10k to $100k is a different thing.
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Marvell1
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August 30, 2024, 08:07:10 AM |
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Bitcoin price is increasing day by day, will increase more in future. If we go back 10 years ago then we regret why we didn't invest 10 years ago. 10 years from now will regret the present again. Many people predict that Bitcoin will hit $1 million dollars, I also believe that Bitcoin will definitely hit $1 million dollars in the future. However we may see a bull run soon and Bitcoin may hit $100k in the upcoming bull run. Currently Bitcoin is very reliable, because Bitcoin has been able to recover from huge downs. Bitcoin hit $69k in 2021, dropped to $16k in 2023 but the market recovered within a year. So investing in bitcoins is very low risk, if you can hold for long term you can definitely profit. Bitcoin is currently very popular and will gain more popularity in the future.
There's no doubt with that bitcoin will eventually reach a million in the future. But of course, let's not anticipate that the process will be all smooth since we all know how price correction or market crash will pull its price down again until bitcoin manage to recovers. But as long as bitcoin has proven to still offer huge potentials, then it will definitely be here for long. As Ale88 said below, the price of bitcoin can increase very easily from $1 to $10, but from $10 to $100, or from $100k to $1 million, will be a much more difficult task. We need a large amount of money to pump into the market, which is not as simple as we think. The total capitalization of the US stock market is $50 trillion and if bitcoin hits $1 million, that means bitcoin's capitalization will be half the capitalization of the US stock market. That's a huge number and makes me doubt this. Not to mention, we haven't even crossed the $100k target yet and if I remember correctly this target was mentioned from the previous bull run but we haven't reached it so far. So we need to achieve one goal at a time instead of making bold statements.
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jaberwock
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August 30, 2024, 11:18:02 AM |
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My personal opinion about Bitcoin? Hmmm what can I say about it. Bitcoin is the future. Bitcoin is the new Gold. Bitcoin is the way for us average Joe's to become rich. Bitcoin will help us be a millionaire. Bitcoin is the way, the truth and the light (I'm kidding on this one). Bitcoin?? You know what? Just invest into it. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Kidding aside, Bitcoin is in good hands... for now because we don't know what can happen on it in the following decades. Bitcoin will reach $100,000 that's for sure. It's only a matter of time until it reaches that price. I wonder where are those anti-Bitcoin back a few years ago are now. Those who are saying that "Bitcoin is dead" or "Bitcoin will go to 0" blah blah. Well, it's rare to see a user here that's newbie ranked but has been involved into Bitcoin already for more than a decade. Can I ask you OP if you bought Bitcoin in 2012? If yes, did you manage to hold it until now, or you're like the other early adopters as well who sold their Bitcoins when they saw that they doubled or tripled their money already. To be fair, a lot of people in the crypto think the way you think, that's what we believe about bitcoin to be true and I think the best way to move forward would be just realizing that crypto is the new age investment opportunity that we do not want to miss. It's clear enough that a lot of us are very much in love with bitcoin, and we try to make as much money from it as we can, it is not an easy thing to handle and I know that it will take a while but it can be done. We are just going to end up with something that takes a bit of a time. Hopefully things will not be too difficult for the future, we have some clear cycle so far and that should help us with everything to a point, if we know what we are dealing with, then we could be fine.
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glendall
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August 30, 2024, 02:42:47 PM |
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I have been familiar with BTC since 2012. When I was transection BTC, its price was very low. If those accounts are no longer there because they were on a much earlier device, those devices no longer exist.
I have seen the Up and Down of BTC, but I could not imagine that it slowly became so popular. Now, I think BTC will do very well in the near future. It is still in very good shape, though. It will cross 100k+ very soon. What is your personal opinion about BTC?
for 100k$ it can be achieved but not in the current bull run, where we see it is difficult for btc to get a new ATH above 70k$, with so many opinions and news about btc, new investors are not strong enough to hold the btc they have, they may not understand so they let go of their btc because they are afraid of experiencing quite deep losses It is till early to say that Bitcoin won't reach $100k in this current bull run. Do not be impatient and think that it won't perform what it did in the previous cycles. We still have the whole year of 2025 to see whether Bitcoin will repeat the history or not. It has been observed that the prior year before Bitcoin broke ATH and recorded a new height (peak) of its bull run has to condition itself and perform a sideway seesaw trend before eventually catapulting the price resulting in a new ATH then transitioning to the bear market. Everyone can give their opinion whether they believe or not if BTC can reach 100k$ in 2025, but the point is we just have to wait for the breakthrough from BTC, maybe right now we see BTC often getting FUD from various aspects, but if investors are sure I also believe in 100k$ for BTC in 2025, everything is out of control full of surprises
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Tmoonz
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August 30, 2024, 03:43:30 PM |
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I have been familiar with BTC since 2012. When I was transection BTC, its price was very low. If those accounts are no longer there because they were on a much earlier device, those devices no longer exist.
I have seen the Up and Down of BTC, but I could not imagine that it slowly became so popular. Now, I think BTC will do very well in the near future. It is still in very good shape, though. It will cross 100k+ very soon. What is your personal opinion about BTC?
Bitcoin will grow more in the future and then you will remember today and regret not investing in Bitcoin in the future. Bitcoin may be sitting at $60,000 today but in the future when the price of Bitcoin is ten times higher, you will be reminded of today over and over again to regret it. I have a firm faith in Bitcoin that one day it will serve as an indicator of the wealth of people on earth, the more bitcoins they have, the richer they will be. Surely those that didn't invest in Bitcoin at it's earliest days must have been regretting today seeing at what Bitcoin is today and the same will definitely happen to those who has failed, refusing to see the very true potentials that Bitcoin holds today on seeing what will become of Bitcoin tomorrow though there is no guarantee but Bitcoin has really proven to be a good coin that worth investing. However, it is not for everybody hence anyone can do whatever they want as regards to investing on Bitcoin not, Bitcoin has really gained more wider spread adoption and increments in value of which anyone should have seen it to be a good coin beyond every reasonable doubt.
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Zanab247
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August 30, 2024, 04:19:25 PM |
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I have seen the Up and Down of BTC, but I could not imagine that it slowly became so popular. Now, I think BTC will do very well in the near future. It is still in very good shape, though. It will cross 100k+ very soon. What is your personal opinion about BTC?
Bitcoin price is increasing day by day, will increase more in future. If we go back 10 years ago then we regret why we didn't invest 10 years ago. 10 years from now will regret the present again. Many people predict that Bitcoin will hit $1 million dollars, I also believe that Bitcoin will definitely hit $1 million dollars in the future. However we may see a bull run soon and Bitcoin may hit $100k in the upcoming bull run. Currently Bitcoin is very reliable, because Bitcoin has been able to recover from huge downs. Bitcoin hit $69k in 2021, dropped to $16k in 2023 but the market recovered within a year. So investing in bitcoins is very low risk, if you can hold for long term you can definitely profit. Bitcoin is currently very popular and will gain more popularity in the future. There's no doubt with that bitcoin will eventually reach a million in the future. But of course, let's not anticipate that the process will be all smooth since we all know how price correction or market crash will pull its price down again until bitcoin manage to recovers. But as long as bitcoin has proven to still offer huge potentials, then it will definitely be here for long. I agree that BTC will hit million in the nearest future, but it will take majority of people to hodl their BTC till the price hit million, than to be using any bull season to sell their BTC and wait for another bear to come before they can buy to continue to be part of BTC investors. If BTC can rise from low price to this current price $60k, I don't think there is any challenges that will make people not to continue to buy and sell BTC because they know that bull run is not all the time it happen in the market and likewise the bear run too has is own season which people use to buy BTC from the season. Since many countries are enjoying the rewards that attached to BTC transactions, I guess it will surely go round the whole world for city, town and villages to make BTC a legal tender and it will make them to stay long in their business to be accepting BTC as payment in their various businesses.
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coolcoinz
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August 30, 2024, 04:26:58 PM |
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Now concerning the bitcoin bull, I don't really think that bitcoin will be hitting the $100k mark anytime so soon or rather this year. It's definitely going to take a while based on some certain price movements this year. If you can recall vividly, bitcoin hit the $78k mark recently this year which was the major bull price I speculated this year . Anyways hitting a 100k would be nice though I don't see it too soon this year.
I agree with you, I don't think we'll see the $100k this year, way more chances during 2025, maybe around mid year. Let's not forget that in order to reach such number we need a very big injection on money in the market, pushing bitcoin from $1k to $10k is kind of easy, doing the same but from $10k to $100k is a different thing. 100k is purely psychological, the way $10k used to be and 1k before than and then of course the famous $100. I'll give you guys something to think of. Are you aware that all bitcoin available on exchanges is just 2.4 million and dropping? It used to be 2.7M earlier this year. At current state of things a buy of 300 million dollars would make bitcoin regain $70k instantly through a short squeeze. This is not even a billion dollars! There are over 3000 billionaires in the world who could single-handly do that. 3000 people that could alone make bitcoin reach ATH. Let that sink in. 100k is nothing. I'm sure we'll see 500k and more.
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Mia Chloe
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August 30, 2024, 04:39:00 PM |
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100k is purely psychological, the way $10k used to be and 1k before than and then of course the famous $100. I'll give you guys something to think of.
Are you aware that all bitcoin available on exchanges is just 2.4 million and dropping? It used to be 2.7M earlier this year. At current state of things a buy of 300 million dollars would make bitcoin regain $70k instantly through a short squeeze. This is not even a billion dollars! There are over 3000 billionaires in the world who could single-handly do that. 3000 people that could alone make bitcoin reach ATH. Let that sink in. 100k is nothing. I'm sure we'll see 500k and more.
What are the chances? You write from an economic view which is very reasonable however no one said it isn't possible rather my point is what exactly are the chances? Bitcoin is a crypto currency and thus very volatile. Yeah I agree with you, the whole stuff is psychological take for example a meme coin enthusiast who is also a bitcoin hater saying bitcoin will fall to 30k this year? Obviously there is an infinitesimal possibility that it would happen however the chances are way too thin and you a bitcoin enthusiast will definitely disagree with him and that's because the infinitesimal chance to you is just zero say way a bitcoin hater sees the chances of 100k happening as near zero.
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CageMabok
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August 30, 2024, 04:43:52 PM |
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Everyone can give their opinion whether they believe or not if BTC can reach 100k$ in 2025, but the point is we just have to wait for the breakthrough from BTC, maybe right now we see BTC often getting FUD from various aspects, but if investors are sure I also believe in 100k$ for BTC in 2025, everything is out of control full of surprises
A price that high is still the hope of many people next year, especially for those who have held a lot of Bitcoin and I personally also believe that Bitcoin can reach a price level that high as long as the moment and market conditions have really recovered and improved at the end of this year or at least in the last quarter of this year. Because a price that high will definitely not reach it in just one or two days if Bitcoin is currently still in the range of $58K to $60K so everyone still needs to be patient to see other big surprises in Bitcoin in a different year.
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South Park
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August 30, 2024, 06:23:18 PM |
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I have been familiar with BTC since 2012. When I was transection BTC, its price was very low. If those accounts are no longer there because they were on a much earlier device, those devices no longer exist.
I have seen the Up and Down of BTC, but I could not imagine that it slowly became so popular. Now, I think BTC will do very well in the near future. It is still in very good shape, though. It will cross 100k+ very soon. What is your personal opinion about BTC?
In fact the thing that surprises me the most about bitcoin is how it got popular so fast, since there is no marketing campaign or a centralized company trying to push it to consumers, all of this has happened because politicians keep implementing policies that benefit them and those that have close ties with them, while they ignore the rest of the population, so many of us have reacted to that and decided that it is better to invest in bitcoin and store in our wallet than to keep it in a bank.
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re-start
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August 30, 2024, 07:48:53 PM |
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I don't think Bitcoin "this year" hit $100k. However, I believe 2025 will be one of the best years for Bitcoin and other cryptos. Now, people are no longer afraid of investing in Bitcoin, and governments "like Dubai" have started accepting Bitcoin. Also, due to Telegram projects, people have become more interested in crypto. All of this could be a reason to say that 2025 will be a great year for Bitcoin. Maybe more than $100k ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) .
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