Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: pakhitheboss on February 13, 2024, 09:17:20 AM
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Remember the early days of Bitcoin when it was practically worthless? Two pizzas in 2010 cost 10,000 BTC thanks to Laszlo Hanyecz the Bitcoin community for the first time understood the monetary value of Bitcoin.
From $30 in 2011 to $68350 in 2021 the journey of Bitcoin has been phenomenal. Some said it was a bubble that would burst soon and some said it was a Ponzi scheme while Bitcoin never stopped and surprised everyone against all odds. After 15 years of its existence, it is now a legal tender in the country. The US has approved all Bitcoin ETFs and is currently on the path of global adoption.
The Bitcoin halving is set to take place in 2024, and many in our community are eagerly anticipating this event. Recently, the price of Bitcoin has spiked, reaching $50,000 in December 2021. I have come across several articles predicting that the price of Bitcoin will reach $288,000 by December 2024 (https://cointelegraph.com/news/288k-by-december-bitcoin-will-not-stop-at-100k-says-stock-to-flow-creator).
Are you of the opinion that Bitcoin will reach its projected price point or do you think it will fall short of the target?
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We can't say exactly how much the price of bitcoin will be because supply of bitcoin is limited but its demand is huge day by day people are more and more attracted to bitcoin. Therefore, it can be assumed that the price will increase in the future, but it cannot be said how far it will go. There is also no guarantee that the price of Bitcoin may be higher than the price you specified. So if you want to get a good return from Bitcoin then you should invest in Bitcoin as long as you can afford. And you should have a target to sell them like $100k, $200k or more. Then you will get a very good profit from Bitcoin
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We can't say exactly how much the price of bitcoin will be because supply of bitcoin is limited but its demand is huge day by day people are more and more attracted to bitcoin. Therefore, it can be assumed that the price will increase in the future, but it cannot be said how far it will go. There is also no guarantee that the price of Bitcoin may be higher than the price you specified. So if you want to get a good return from Bitcoin then you should invest in Bitcoin as long as you can afford. And you should have a target to sell them like $100k, $200k or more. Then you will get a very good profit from Bitcoin
It all matters with the demand and this is something that the solid reason whether it would really be that still on going into those higher numbers or not. There's no way that we could be able to know on what the future lies ahead with Bitcoin. As long demand and recognition is there then we can really say that its price would really be having the potential. This is why on the time that you would really be investing with Bitcoin or crypto as a whole then it would really be just needed for you to have that kind of risks management and anticipation for an unpredictable market.
Now that we are able to reach out 50k on somewhat a fast pace manner then i do see those people getting fomo'ed again and even trying to say that 300-500k price is near. lol
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The influence of ETF has a huge impact on Bitcoin demand, and Bitcoin is closer to $100k than zero.
Exciting milestones but, at the same time, is never enough.
Maybe an All-time high before the halving or ETF hype has not even started, and Bulltrap? Normies have no idea, keep observing...
Bitcoin is the world’s most popular investment asset. It is novel, digital, and uncorrelated to traditional risk assets.
That makes it a natural addition to the portfolio of a responsible investor.
And TP at any given time is part of the investor's responsibility to manage risk.
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We can't say exactly how much the price of bitcoin will be because supply of bitcoin is limited but its demand is huge day by day people are more and more attracted to bitcoin. Therefore, it can be assumed that the price will increase in the future, but it cannot be said how far it will go. There is also no guarantee that the price of Bitcoin may be higher than the price you specified. So if you want to get a good return from Bitcoin then you should invest in Bitcoin as long as you can afford. And you should have a target to sell them like $100k, $200k or more. Then you will get a very good profit from Bitcoin
if asking about specific time then indeed that we cannot answer that because that is impossible but what we can answer is if that is general meaning can reach at least another 10 years so indeed that bitcoin can reach that and like what others keep saying ? we are only need to give it a time.
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From $30 in 2011 to $68350 in 2021 the journey of Bitcoin has been phenomenal. Some said it was a bubble that would burst soon and some said it was a Ponzi scheme while Bitcoin never stopped and surprised everyone against all odds. After 15 years of its existence, it is now a legal tender in the country. The US has approved all Bitcoin ETFs and is currently on the path of global adoption.
But you try not talking about how it crashed from 68k down to 15k in less than 3 months. As much as I want Bitcoin to pump, I want it to stop that crash to stop hurting investors, it's by going up and up with many profits but it should stabilize and gain trust so that people don't have to fear that other investors will dump Bitcoin on them if it grow bigger.
The Bitcoin halving is set to take place in 2024, and many in our community are eagerly anticipating this event. Recently, the price of Bitcoin has spiked, reaching $50,000 in December 2021. I have come across several articles predicting that the price of Bitcoin will reach $288,000 by December 2024 (https://cointelegraph.com/news/288k-by-december-bitcoin-will-not-stop-at-100k-says-stock-to-flow-creator).
Are you of the opinion that Bitcoin will reach its projected price point or do you think it will fall short of the target?
Everrone is exited about the post Joe Biden posted with his image showing the red meme inform of bull season but that means another thing, it's the sports that just completed, if a president of a nation like US want to be positive or bullish about bitcoin, he would have done that long ago or he would have called Gary Gensler to order when he was playing with the Bitcoin community about Bitcoin ETF.
I'm anticipating for the bullrun of Bitcoin growth after the halving but we all need to calm down, t th euphoria is always like to this and some people do even forget to even sell healthy profits they have had.
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I have come across several articles predicting that the price of Bitcoin will reach $288,000 by December 2024 (https://cointelegraph.com/news/288k-by-december-bitcoin-will-not-stop-at-100k-says-stock-to-flow-creator).
Are you of the opinion that Bitcoin will reach its projected price point or do you think it will fall short of the target?
No, I don't think that Bitcoin will reach $288k in December of 2024 in fact I don't think that I will be able to reach $100k in December of 2024. I expect that Bitcoin will reach $100k or more in 2025's last quarter.
But, anything is possible in crypto-world, however expecting Bitcoin at $288k in December of 2024 is out of question for me. There is chance that Bitcoin may cross $100k during the last quarter of 2025.
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Well, I might want to honestly ask, why $288,000 dollars specifically? Even though I understand this is a question non might have an answer to, but all the same, I would say that it's better for us to try to be more conservative in our prediction games, it's better for bitcoin to reach the price we predict and surpass it, than it not reaching it at all.
Before and during 2021 bull run, so many predicted that bitcoin will reach a hundred thousand dollars, and at last, bitcoin topped at $68,000 or there about, and now, the bull run is coming again and people have started again with outrageous price predictions.
I personally believe that the price of bitcoin will reach $100,000 to $120,000 dollars, if it does more and above that, then that's very fine and I did be even more, but $288,000 dollars? I think that's a bit on the offside, though I am not saying it's not possible.
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$288,000? This amount is high oh! But nothing is impossible yesterday the price hit $50k and as bitcoin hit $50k the remaining $50k is not hard again and probably from now to the end of year it will hit the $100k and from next year, it will climb to $150k and above. But for now it is the 100$k is the guaranteed rate.
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Well, it is PlanB who said that Bitcoin will reach 288K by the end of this year. Do not forget that he is the same person who said Bitcoin will reach 100K at the end of 2021. But, it didn't reach 100K and many people were holding with the hope of seeing 100K they were unable to cash out their profits because they didn't understand that the market movement was changing.
I am one of them who bought Bitcoin in the 45-50K range or say higher range and I was waiting for the 100K range. But then the market started to correct and I was holding tight. Of course, it's my fault because I was kind of new in Bitcoin. All these are just speculation.
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I have come across several articles predicting that the price of Bitcoin will reach $288,000 by December 2024 (https://cointelegraph.com/news/288k-by-december-bitcoin-will-not-stop-at-100k-says-stock-to-flow-creator).
Well, the fact that the creator of the S2F model says so is for me a guarantee that we are not going to reach that figure in the next cycle. Max Keiser also gave that figure as the maximum for the cycle we are in, and it turned out to be five times less. With these figures it is like McAfee's famous 'I will eat my dick on national tv', that we will get there at some point, but much later than predicted.
I would be very surprised if the ath is more than $200,000 next cycle.
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~snip~
After 15 years of its existence, it is now a legal tender in the country. The US has approved all Bitcoin ETFs and is currently on the path of global adoption.
Legal tender in which country, El Salvador? The approval of spot BTC ETFs in the US is only a business and legal decision, and it is far from the authorities recognizing Bitcoin in the way that some imagine. In addition, the real adaptation of Bitcoin would be if it became a currency that people use, and not a speculative asset of companies that want to use it for their profits.
He pointed out that Bitcoin, which investors can now directly put money into through the new ETFs, is “highly volatile” and that crypto’s OG has been tied to things like money laundering and ransomware. “Bitcoin, itself, we did not approve, we did not endorse,” he said.
Are you of the opinion that Bitcoin will reach its projected price point or do you think it will fall short of the target?
I'll just tell you that you have very poor sources of information that deal with nothing but ordinary speculation. When someone wants to predict the price of BTC in the future with such precision, keep in mind that it is just throwing numbers and nothing more.
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Remember the early days of Bitcoin when it was practically worthless? Two pizzas in 2010 cost 10,000 BTC thanks to Laszlo Hanyecz the Bitcoin community for the first time understood the monetary value of Bitcoin.
From $30 in 2011 to $68350 in 2021 the journey of Bitcoin has been phenomenal. Some said it was a bubble that would burst soon and some said it was a Ponzi scheme while Bitcoin never stopped and surprised everyone against all odds. After 15 years of its existence, it is now a legal tender in the country. The US has approved all Bitcoin ETFs and is currently on the path of global adoption.
The Bitcoin halving is set to take place in 2024, and many in our community are eagerly anticipating this event. Recently, the price of Bitcoin has spiked, reaching $50,000 in December 2021. I have come across several articles predicting that the price of Bitcoin will reach $288,000 by December 2024 (https://cointelegraph.com/news/288k-by-december-bitcoin-will-not-stop-at-100k-says-stock-to-flow-creator).
Are you of the opinion that Bitcoin will reach its projected price point or do you think it will fall short of the target?
It is possible as Bitcoin is very volatile so there will be a possibility but right now it is really far from that price and there is a lot of selling pressure above it so it would be hard to break it. There will be a time when the price will reach that price but the question is when and for sure no one can predict it. What I am sure of is that I can witness it. Maybe I am old or young but I am still living at that time.
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It is impossible for the price of Bitcoin to reach 288k within about 10 months, as this means that the price will rise 6 times, even though it took us about two years to return to 50k and more than 13 years to reach 70k.
The best we might see is $100,000 before the end of the year.
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It is hard to predict Bitcoin if it can ever reach that price. It is truly possible, but it would require a lot of demand for Bitcoin and positive news for it. The upcoming halving alone is not enough for Bitcoin to reach that price. Corrections will probably happen, and it will surely take a lot of time for Bitcoin to reach that price. It is unrealistic to expect that it will reach that price point shortly.
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As we are in the first quarter of the year, we have seen Bitcoin fluctuating around the $43k–50k mark. Given that December of this year will be months after the halving season, there is every chance that the price of bitcoin will soar much higher than it is at the moment. And we often anticipate that months following the halving, "bitcoin's price will skyrocket."
However, the truth is that we predict that at that point(December), the price of bitcoin will be "above or below $288k". Any price it gets to at that time will be okay for us
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The Bitcoin halving is set to take place in 2024, and many in our community are eagerly anticipating this event. Recently, the price of Bitcoin has spiked, reaching $50,000 in December 2021. I have come across several articles predicting that the price of Bitcoin will reach $288,000 by December 2024 (https://cointelegraph.com/news/288k-by-december-bitcoin-will-not-stop-at-100k-says-stock-to-flow-creator).
Do you mean people think Bitcoin will reach the ATH in 2024? :-\
Although Bitcoin crossed $50k now, it doesn't mean to reach the ATH faster than the previous bullrun season. I think the ATH should be in 2025. And most people predict the price will be around $150k - $175k. I don't think it is possible to reach $288k in the current bullrun season. The price gap is too far, it is impossible to be $288k.
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Do you mean people think Bitcoin will reach the ATH in 2024? :-\
Although Bitcoin crossed $50k now, it doesn't mean to reach the ATH faster than the previous bullrun season. I think the ATH should be in 2025. And most people predict the price will be around $150k - $175k. I don't think it is possible to reach $288k in the current bullrun season. The price gap is too far, it is impossible to be $288k.
I agree with you, I think bitcoin will touch ATH after halving. although bitcoin has shown good movement now, but I believe bitcoin will touch new ATH next year. It's just my prediction.Many people believe ATH will be reached faster. But let see what will happen at this year, many corrections or no
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Do you mean people think Bitcoin will reach the ATH in 2024? :-\
Although Bitcoin crossed $50k now, it doesn't mean to reach the ATH faster than the previous bullrun season. I think the ATH should be in 2025. And most people predict the price will be around $150k - $175k. I don't think it is possible to reach $288k in the current bullrun season. The price gap is too far, it is impossible to be $288k.
I agree with you, I think bitcoin will touch ATH after halving. although bitcoin has shown good movement now, but I believe bitcoin will touch new ATH next year. It's just my prediction.Many people believe ATH will be reached faster. But let see what will happen at this year, many corrections or no
Currently the Bitcoin price is rising as this is the beginning of a short bull run, it is normal for the Bitcoin price to rise before the Bitcoin halving. Before each halving, investors notice that the price of Bitcoin improves. But in the next year i.e. 2025 ATH will increase to the highest level, which we observed in Bitcoin halving in 2021 Bitcoin price peaked at 69k in 2021. In 2020, the price of Bitcoin rose from 17K to 69K, nearly tripling the price of Bitcoin. At that rate, if the price of Bitcoin rises in 2025 after the halving in 2024, we can definitely see $150k here.
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Currently the Bitcoin price is rising as this is the beginning of a short bull run, it is normal for the Bitcoin price to rise before the Bitcoin halving. Before each halving, investors notice that the price of Bitcoin improves. But in the next year i.e. 2025 ATH will increase to the highest level, which we observed in Bitcoin halving in 2021 Bitcoin price peaked at 69k in 2021. In 2020, the price of Bitcoin rose from 17K to 69K, nearly tripling the price of Bitcoin. At that rate, if the price of Bitcoin rises in 2025 after the halving in 2024, we can definitely see $150k here.
I agree with you, bitcoin will touch its high level in 2025. Because this year, according to estimates, bitcoin has not yet touched ATH, even though it will exceed the previous ATH. By looking at bitcoin price movements in the current market, I believe that bitcoin will reach 3x or 4x from ATH 2021.
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The influence of ETF has a huge impact on Bitcoin demand, and Bitcoin is closer to $100k than zero.
Exciting milestones but, at the same time, is never enough.
Maybe an All-time high before the halving or ETF hype has not even started, and Bulltrap? Normies have no idea, keep observing...
This is true, the ETF Bitcoin has a significant positive impact, because after ETF Approved we all see the price of Bitcoin up high touching $ 50k. It's very fantastic.
Well, I might want to honestly ask, why $288,000 dollars specifically?
Everyone have own predictions, $ 288K is so high, honestly I didn't have high expectations like that. I predict bitcoin will touch $ 150K.
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It is impossible for the price of Bitcoin to reach 288k within about 10 months, as this means that the price will rise 6 times, even though it took us about two years to return to 50k and more than 13 years to reach 70k.
The best we might see is $100,000 before the end of the year.
I don't know why people are so Hurry in reaching such high when we cannot even find 100k in the list, this greedy attitude of people will keep making bitcoin into falling because the essence of creation is far from what people is thinking .
don't know if we will agree in this but for me , might wish to see 100k first and then will try seeking for another after that.
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$288K it's too high mate, I think bitcoin Will touch around $125K-150k while ATH.
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It is impossible for the price of Bitcoin to reach 288k within about 10 months, as this means that the price will rise 6 times, even though it took us about two years to return to 50k and more than 13 years to reach 70k.
The best we might see is $100,000 before the end of the year.
I would not use the term "impossible" when it comes to Bitcoin - because let's remember 2017, when in just one year the price went up twenty times. Spot ETFs in the US seem to have a fairly positive effect on the price, and this is also the halving year, which together creates the right conditions for a super storm in which the price could really explode.
I'm not saying that it will be any specific number, but compared to the current price, even $100k by the end of the year seems quite a modest estimate. Although I wouldn't have anything against it if it happened, because it is a really nice number that has been awaited for a long time.
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It is impossible for the price of Bitcoin to reach 288k within about 10 months, as this means that the price will rise 6 times, even though it took us about two years to return to 50k and more than 13 years to reach 70k.
The best we might see is $100,000 before the end of the year.
Yes, I think I highly agree with you that Bitcoin won't be able to reach $288k within 10 months because that will bring another crypto investment boom and many new altcoins or the previous altcoins will also boom to way higher values than they are right now, I expect more than 4x to 10x will be achieved by most altcoins if Bitcoin reaches $288k within 10 months which's not likely to happen.
I even doubt that $100k could be achieved within 10 months because that's also not likely to happen. I'm more or less thinking about at least $80k to $85k at the end of the year no more than that. We may also see huge dumps when most of the whale investors continue selling in bulk when Bitcoin reaches or crosses $70k value. So, by keeping all those things in our mind we should understand that how hard it's for Bitcoin to reach $288k within 10 months.
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- In my analysis, I only saw between 150k and 200k in my opinion, but 288k seems vague in my opinion. I don't know if you thought about that, but I respect your thoughts about that matter.
After all, we have our own technical analysis that is done, and there is nothing wrong with everything that some of their TA say as long as there is a basis, but even so, of course it is still good that we can exit that we have a good profit when we sell, right?
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- In my analysis, I only saw between 150k and 200k in my opinion, but 288k seems vague in my opinion. I don't know if you thought about that, but I respect your thoughts about that matter.
After all, we have our own technical analysis that is done, and there is nothing wrong with everything that some of their TA say as long as there is a basis, but even so, of course it is still good that we can exit that we have a good profit when we sell, right?
Well, most of the analysis I have seen for the cycle that will start after halving and the predictions of the fora are broadly in the $100,000 to $200,000 range. The problem with that is that I remember there was a broad consensus at the beginning of this cycle of an ath above $100,000 that we all took for granted, and look what happened. Now I'm hoping that if the consensus fails it's because of undershooting, but I think that's unlikely.
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- In my analysis, I only saw between 150k and 200k in my opinion, but 288k seems vague in my opinion. I don't know if you thought about that, but I respect your thoughts about that matter.
If we go by technical analysis, it is possible for Bitcoin to do atleast 3x from here and at most 5x from this price but if we are to go fundamentally, in not sure yet if Bitcoin is going to cross above 68k, not saying it's not possible but there is nothing big enough to break that wall. If we have news like Tesla accepting Bitcoin or perhaps if we have news like US formally legalizing Bitcoin, this is going to take Bitcoin to places but I'm not seeing that right now.
After all, we have our own technical analysis that is done, and there is nothing wrong with everything that some of their TA say as long as there is a basis, but even so, of course it is still good that we can exit that we have a good profit when we sell, right?
There is nothing wrong if we speculate, it's a good thing that's why it's called speculations in the first place. Even the people that predict $1M were all optimistic about it but theirs was crazy because I don't know how they intend to make Bitcoin get to such price in just 4 years.
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I don't think Bitcoin could reach $288k. Where did you get this prediction?
Since the estimated time when all Bitcoin will mined, I believe there is a potential that Bitcoin could reach such high prices this coming next blockhalving(not this year but the next 4 years+).
According to Google, all Bitcoin will be mined in the year 2140 which is 100+ years I don't think we will witness this predicted price anytime soon but it could be possible. Look at the cycle every 4 years as you can see from the historical pattern Bitcoin prices tend to rise just like gold which keeps increasing we just see a gap last pandemic but it keeps increasing.
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I don't think Bitcoin could reach $288k. Where did you get this prediction?
Since the estimated time when all Bitcoin will mined, I believe there is a potential that Bitcoin could reach such high prices this coming next blockhalving(not this year but the next 4 years+).
Yes, it is very doubtful that Bitcoin to reach $288k. Who say this? Does the person who predicted the price have valid way to determine it? I am not sure the person who said this to have trusted way to claim it.
Sure, $288k isn't impossible to reach in the next 5-10 years. But it won't be something to be reached in 2024-2025. We must think more realistically about this.
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In my own opinion 7-8 years for this numbers
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The Bitcoin halving is set to take place in 2024, and many in our community are eagerly anticipating this event. Recently, the price of Bitcoin has spiked, reaching $50,000 in December 2021. I have come across several articles predicting that the price of Bitcoin will reach $288,000 by December 2024 (https://cointelegraph.com/news/288k-by-december-bitcoin-will-not-stop-at-100k-says-stock-to-flow-creator).
Are you of the opinion that Bitcoin will reach its projected price point or do you think it will fall short of the target?
288,000 USD is very large in value and it would be extraordinary for Bitcoin to achieve, if that really happened.
288,000 USD definitely has a lot of full support from all factors because from the current value of around 51,550 the price of Bitcoin, perhaps you could say 500x and there is also an excess of around 22,500 USD.
Just think logically because for me to reach 288,000 USD is not possible now or in 2025, maybe in the following year or the year to come the Halving can be achieved price of Bitcoin 288,000 USD.
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Users are always enthusiastic about these "Halvian" times, and 2021 is seen as something temporary, which was "yesterday." It has been +2 years to be within $20k (+-) for a new ATH.
You don't have to think only about the price arrive/ATH, but to what extent this new ATH makes it go backwards, there are people who have been waiting for a long time, and selling is their priority. So, to reach that precise price, we will have to see a few ATHs and, if it has taken 3 years to reach +70K$, and we have not arrived, a rule of 3 could work, and is the best crystal ball we can use to determine specific prices, 288k$. :)
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288,000 USD is very large in value and it would be extraordinary for Bitcoin to achieve, if that really happened.
$288K , I think It's possible to happen if bitcoin touch more $ 100K. Anything can happen at crypto space mate. Although many investors didn't believe it will happen. But Let's see, what will happen after ETF bitcoin.
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The Bitcoin halving is set to take place in 2024, and many in our community are eagerly anticipating this event. Recently, the price of Bitcoin has spiked, reaching $50,000 in December 2021. I have come across several articles predicting that the price of Bitcoin will reach $288,000 by December 2024. Are you of the opinion that Bitcoin will reach its projected price point or do you think it will fall short of the target?
All I am sure is that Bitcoin is set to make a new ATH this year and can even go beyond the $100K mark...but more than that within this year can still be possible though it can be a hilly climb. Now, I am always wishing am wrong on my own prediction because we all want Bitcoin to go as wild as possible as we know that wherever BTC will go the rest of the gang - the altcoins - will also be feeling the excitement and so we can have everybody happy and the negative pundits will shut up and be silenced. The only thing that I hate is that I sold most of my BTC years ago when the price was just at $3K thinking that would be the end of it...so I got weak hands and now have teary eyes thinking my financial life would have been different today had I insist to be a strong hodler.
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$288K , I think It's possible to happen if bitcoin touch more $ 100K. Anything can happen at crypto space mate. Although many investors didn't believe it will happen. But Let's see, what will happen after ETF bitcoin.
Bitcoin will reach such an expensive price when the supply of Bitcoin is at its maximum and miners can no longer get Bitcoin. As long as it is still easy for miners to get Bitcoin, the price of Bitcoin cannot possibly rise that high. The Bitcoin ETF has been approved and has had good results, but with technological developments, there will definitely be bad news that will trigger the collapse of Bitcoin's price one day.
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WOW what the amazing possibility and expectation with bitcoin price will reach to $288K? I know with OP target more than 7 to 8 years later but seems so drastically pump of bitcoin price regarding with current price around $52K. There are not any impossible with bitcoin in the future but raise up to $288K need more correction time and many bad news sharing by whales, I don't sure with bitcoin get possibility raise until $288K for seven years later but get optimistic one day bitcoin if have any good news and support around the world its not difficult.
I am realistic when investing in bitcoin as possibility take profit when raising to higher price without have dreaming more than unbelievable price.
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Are you of the opinion that Bitcoin will reach its projected price point or do you think it will fall short of the target?
No doubt that Bitcoin will reach a certain price point but reaching $288k at the end of this year I don't think so but who knows. If that really will happen in the next years that is a good advantage for us holders.
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Are you of the opinion that Bitcoin will reach its projected price point or do you think it will fall short of the target?
No doubt that Bitcoin will reach a certain price point but reaching $288k at the end of this year I don't think so but who knows. If that really will happen in the next years that is a good advantage for us holders.
Many doubt and say it is impossible to happen, bitcoin will touch $ 288K at this year or next year during the bullish season. That number is too high, while the current price of bitcoin is $52K. People say anything is possible, but logically it's hard.
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I don't think Bitcoin would touch $288k during the bull season, not to talk of 2024. Also, I don't think $100k is feasible but I think it may hit an ATH this year and push towards $150k -$200k next year to bring the bull season to an end. But hitting the $288,000 price mark in December 2024 is unrealistic even with Bitcoin halving and Bitcoin ETF approval.
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$288K , I think It's possible to happen if bitcoin touch more $ 100K. Anything can happen at crypto space mate. Although many investors didn't believe it will happen. But Let's see, what will happen after ETF bitcoin.
Yes everything can happen in crypto space and if one think that bitcoin cannot achieve such a higher value then it means that he has no knowledge about the volatility. Once bitcoin touched 100k$ then the journey of success for bitcoin holders will become smooth and people will more accept bitcoin than any other asset.
Some years will be needed for reaching such a higher number but still there is a possibility that it can occur but time will be needed and for attaining such value we will se so many occasions of ups and downs. When bitcoin was lower in price then people were not ready to accept that it will grow so fast but now if they are examining such growth then their trust is increasing day by day so whenever 100k$ attained then people will not be in doubt about 288k$ of achievement.
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Are you of the opinion that Bitcoin will reach its projected price point or do you think it will fall short of the target?
We should not overestimate the power on how bitcoin could go, not even when we are having the partial bull market already right before the halving, this alone has many to point out concerning the coming halving that we should expect its coming in a more new dimension than before, just as the spot bitcoin ETF, surprises the people in the way they even least expect to happen, bitcoin can get to the maximum of $150,000 or more and even break the limit down to $200,000.
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The Bitcoin halving is set to take place in 2024, and many in our community are eagerly anticipating this event. Recently, the price of Bitcoin has spiked, reaching $50,000 in December 2021. I have come across several articles predicting that the price of Bitcoin will reach $288,000 by December 2024 (https://cointelegraph.com/news/288k-by-december-bitcoin-will-not-stop-at-100k-says-stock-to-flow-creator).
Are you of the opinion that Bitcoin will reach its projected price point or do you think it will fall short of the target?
Do you mean up to $288K? in the bullish era this season? Wow, this will certainly be very exciting. However, it seemed like it was going too far. I don't know maybe someday. but for the near future, meaning for the bullish future, it looks like it won't reach that big number yet. If we can achieve even half of that number, that would be very good and we really hope for it. but you still have to be alert to various things because the Bitcoin market is very predictable. sometimes it is correct according to predictions, sometimes it exceeds it, and sometimes it doesn't reach predictions. So we must be able to continuously monitor prices.
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288,000 USD is very large in value and it would be extraordinary for Bitcoin to achieve, if that really happened.
$288K , I think It's possible to happen if bitcoin touch more $ 100K. Anything can happen at crypto space mate. Although many investors didn't believe it will happen.
If you look at the price of Bitcoin a few weeks ago, it was around 45,000 USD and now it is around 51,500 USD, then the possibility of reaching the price of 288,000 USD requires a 600% price increase.
As far as I know, if a coin becomes more expensive, it becomes more difficult for it to rise again because it requires more market cap than the previous price.
But as you said, if all this could happen, even when Bitcoin was 5 USD, many people didn't believe that the price of Bitcoin would reach 50 USD.
And right now I'm just talking about myself with my own calculations for Bitcoin marketcap calculations which are getting more and more USD in circulation every day.
But Let's see, what will happen after ETF bitcoin.
Btw, the Bitcoin ETF has been passed and has been accepted and the price of Bitcoin as you said is rising slowly and that is a success of a cryptocurrency market that is hoped for by all investors and traders.
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In 2024 maybe BTC will only reach the last ATH. But at the end of 2024 or 2025 maybe BTC can make a new ATH and I think it can reach around 100k USD. It's just that more than that it feels quite difficult. Unless there is more exciting news like what happened after the last halving when El Salvador adopted BTC as legal tender in their country. If there are more countries that do the same thing, especially developed countries. So the BTC price above 100k will indeed be very easy.
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To all those who have replied to my thread, thank you all for replying. I never knew the forum had so many active community members and some of them are not part of any signature campaigns.
I think Bitcoin price would spike to $100k for sure before this year ends. We already are seeing it doing well after Bitcoin ETFs got approved and the investment started showing up with a small bull run. The demand is still very high due to ETF and with Hong Kong also gearing up for approval this demand would ensure another rally if HK gets its approval. It is just a matter of months before Bitcoin touches its previous ATH. It is time for us to continue holding and accumulating more Satohis.
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It is impossible for the price of Bitcoin to reach 288k within about 10 months, as this means that the price will rise 6 times, even though it took us about two years to return to 50k and more than 13 years to reach 70k.
The best we might see is $100,000 before the end of the year.
I strongly believe that anything that would further increase the price of Bitcoin to that point within this short time interval should be a market demand pressure. That is, if the adoption of Bitcoin goes globally to the point that everyone nation, individuals, organisations etc begins to accept Bitcoin as a means of payment. As you have said, definitely a $100k is achievable as we are still in the early phase of the year.
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I have come across several articles predicting that the price of Bitcoin will reach $288,000 by December 2024 (https://cointelegraph.com/news/288k-by-december-bitcoin-will-not-stop-at-100k-says-stock-to-flow-creator).
I highly disagree with what ever article that is suggesting that Bitcoin will reach even $200k this year. There were also many speculations last year saying that Bitcoin will get to $100k before the end of 2023 but that was not archived, even some people said Bitcoin will get to $120k before halving which is yet to be seen too. There are usually various speculation by people but the truth is that no expert can be very accurate to predict what the price of Bitcoin will be in a particular time unless it happens coincidentally. The peak of the bull market is likely to happen next year and they at when we expect Bitcoin to even surpass $100k before we think of expecting $200k.
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Wow.
Isn't this too high a value to achieve at this time? what do you mean for the next bullish era? I'm not sure if it can go that high. If you calculate it, it's usually several times the ATH price compared to the previous ATH. However, the price of Bitcoin is getting bigger and bigger, so it isn't that confident that it can go up that much. It will probably get into the $120k mark or so, but not far from it. So whatever it is, yes I will set some price targets. So that I don't regret missing the moment to take profits.
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Wow.
Isn't this too high a value to achieve at this time? what do you mean for the next bullish era? I'm not sure if it can go that high. If you calculate it, it's usually several times the ATH price compared to the previous ATH. However, the price of Bitcoin is getting bigger and bigger, so it isn't that confident that it can go up that much. It will probably get into the $120k mark or so, but not far from it. So whatever it is, yes I will set some price targets. So that I don't regret missing the moment to take profits.
me too, I doubt if bitcoin will reach $ 288K, But if there are the people that predict bitcoin will reach $ 288K and happens, I will say It's amazing. Because we will gain big profit. I just predict bitcoin will touch $ 150K at ATH.
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I think it is impossible to see Bitcoin to reach $288k for this bullrun season. It may be reachable for the next bullrun season, it may be in 2028-2029. I think the maximum price to reach for this bullrun season is around $150k - $170k. It is already a high price of Bitcoin in the current bullrun season. We don't forget that Bitcoin needs time to grow, it won't suddenly to be $288k.
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I think it is impossible to see Bitcoin to reach $288k for this bullrun season. It may be reachable for the next bullrun season, it may be in 2028-2029.
There is a problem if we look at 2028 or 2029 because I, you or they will reach our age in 2028? :P
This is a sacred story, but no one knows what age is, when we can reach 2028. But the positive thing is that we have to think fundamentally and technically about Bitcoin, which every halving always turns out to be the best in terms of the price of Bitcoin (Pump).
I think the maximum price to reach for this bullrun season is around $150k - $170k.
Many Telegram channels or various groups talk about this price range because maybe the calculation is 5x the price of Bitcoin.
For example, the price of Bitcoin starts from 26,000 USD x 5 = 130,000 USD, or later on the pump will be more than 130,000 USD as you said 150,000 USD.
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I think it is impossible to see Bitcoin to reach $288k for this bullrun season. It may be reachable for the next bullrun season, it may be in 2028-2029. I think the maximum price to reach for this bullrun season is around $150k - $170k. It is already a high price of Bitcoin in the current bullrun season. We don't forget that Bitcoin needs time to grow, it won't suddenly to be $288k.
We know Everything is possible in crypto market. When what will happen anyone cannot tell. Now bitcoin price is near about $52k and aspected price $288k, it is obviously possible for cryptocurrency market but not now. Now we are entire in bull session bitcoin price will hit new ATH there has no doubt.
I think Bitcoin price will go where we could not imagine. It will go $1000k also, i believe it. But we need to wait for it.
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I have come across several articles predicting that the price of Bitcoin will reach $288,000 by December 2024 (https://cointelegraph.com/news/288k-by-december-bitcoin-will-not-stop-at-100k-says-stock-to-flow-creator).
That prediction has been already broken
He referenced both his stock-to-flow, or S2F, and stock-to-flow cross-asset, or S2FX, models, which give an average BTC/USD price forecast of $100,000 and $288,000 during the current halving cycle, set to end in 2024.
He was aiming for an average price of at least 100k for 2020-24, we haven't even reach that number once, forget about average price.
Also, at 288k per coin you're going to need 130 million dollars each day to keep the daily supply demand in balance, as a sidenote ,all of ETfs managed just a bit over 125 millions inflow in the first month!
But as you said, if all this could happen, even when Bitcoin was 5 USD, many people didn't believe that the price of Bitcoin would reach 50 USD.
To raise the price then by $45 you needed 450 million assuming everyone would have sold to cash out!
To raise the price by 45k you would need just one trillion! ;)
How many sold when Bitcoin reached $10k and how many are eyeing profit taking in the next bull run?
Percentages can be a pain in the ass depending on how you use them.
Bitcoin increased some 100000%, for sure it can do another 500%, right?
But also, Bitcoin increased in 15 years from 0 to 52k, till 288k it needs to go up 5 times more than it has in the last 15 years! ;)
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I think it is impossible to see Bitcoin to reach $288k for this bullrun season. It may be reachable for the next bullrun season, it may be in 2028-2029. I think the maximum price to reach for this bullrun season is around $150k - $170k. It is already a high price of Bitcoin in the current bullrun season. We don't forget that Bitcoin needs time to grow, it won't suddenly to be $288k.
We know Everything is possible in crypto market. When what will happen anyone cannot tell. Now bitcoin price is near about $52k and aspected price $288k, it is obviously possible for cryptocurrency market but not now. Now we are entire in bull session bitcoin price will hit new ATH there has no doubt.
I think Bitcoin price will go where we could not imagine. It will go $1000k also, i believe it. But we need to wait for it.
We are not in a bull season yet bud, actually, we are still far from the bull run, the bull run may possibly come into play around October/November this year, and may last till maybe the middle of next year being 2025.
The upward movement of the price of bitcoin is possibly the effect of the approved bitcoin spot ETF, this is the increase that we should have experienced then but didn't happen, so, it's happening now.
$288k dollars is possible for bitcoin to reach even in this coming bull run, but I honestly will not count on it, my price target for bitcoin in the coming bull run is and will remain $120,000, if bitcoin smashes this and goes even far above it, then much more better.
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But as you said, if all this could happen, even when Bitcoin was 5 USD, many people didn't believe that the price of Bitcoin would reach 50 USD.
Percentages can be a pain in the ass depending on how you use them.
Bitcoin increased some 100000%, for sure it can do another 500%, right?
But also, Bitcoin increased in 15 years from 0 to 52k, till 288k it needs to go up 5 times more than it has in the last 15 years! ;)
Yeps, this percentage definitely produces calculations that don't make sense and are considered crazy by myself, but in fact this is true and has already happened in Bitcoin, even though I had to wait 15 years.
288,000 is very correct according to you if the result is 5 times the current price (52,000 USD), only the same as you said the problem is in the money in circulation which is ready to increase the market cap of Bitcoin.
My guess is that maybe around 150,000 USD for 1 Bitcoin is also good because the market cap of Bitcoin rises higher, the bigger the market cap that must be achieved. And where did the money come from? Should Microsoft move all its money to Bitcoin?? :P
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288,000 is very correct according to you if the result is 5 times the current price (52,000 USD), only the same as you said the problem is in the money in circulation which is ready to increase the market cap of Bitcoin.
Hmm, this thing is different.
I mean Bitcoin has gone from 3 million pesos back last December to 43 million pesos, but nobody got 13 times richer on it.
So if we count inflation into it, we have to go into purchase power, cause for sure I would ump all my coins right now if some alien overlord would tell me yeah, Bitcoin is going to hit $288k but by the time it does $288 k would buy you a pizza!
I really need to look into it, I had a graph that measured the price of BTC inflation adjusted to 2010 but it cuts out in 2021, I really wonder how the numbers look now.
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My guess is that maybe around 150,000 USD for 1 Bitcoin is also good because the market cap of Bitcoin rises higher, the bigger the market cap that must be achieved.
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It's reasonable, if you guess bitcoin will touch around $150K. Bitcoin will show good movement at this year, It will start from $50K, the next month will touch $60K it will continue until the next year during bullish season. I predict bitcoin will reach around $ 150K - $ 200K at bullish season.
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It's reasonable, if you guess bitcoin will touch around $150K. Bitcoin will show good movement at this year, It will start from $50K, the next month will touch $60K it will continue until the next year during bullish season. I predict bitcoin will reach around $ 150K - $ 200K at bullish season.
Currently, many people are talking about the price of Bitcoin, which will reach $60k next month, but I really agree with what you say because so far, market conditions have shown signs of increasing prices again. Hopefully, the price of $200k will be easily reached in the bullish season. which will come later.
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Everything has its timing, Bitcoin price may go to the position you mentioned but it is not likely to be fast. Bitcoin is currently standing at $50,000 and this time we expect Bitcoin to break all its past records and touch $70,000. After touching $70,000 we would definitely expect Bitcoin to clear $100,000. So step by step we have to expect and I believe Bitcoin will reach the amount you mentioned but it will take enough time. But the market cannot suddenly go from $50,000 to $200,000, there is pumping and dumping in the market, while pumping and dumping, the price of Bitcoin increases periodically or goes down a bit. We have to wait and surely after a long wait we will see such price of Bitcoin.
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How do people even generate such numbers in their predictions? Why 288k? Not 287k or 300k?
I am also curious how people make predictions like “in 7-8 years”? Or in 24 months. How do even calculate that? People generate such topic and answers weekly. What is the point of even discussing that, when bitcoin hasnt even reached ATH as minimum?
I will give most suitable and correct answer on topics question. It is possible to reach that or any other price, but I dont know when it is going to happen.
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How do people even generate such numbers in their predictions? Why 288k? Not 287k or 300k?
I am also curious how people make predictions like “in 7-8 years”? Or in 24 months. How do even calculate that? People generate such topic and answers weekly. What is the point of even discussing that, when bitcoin hasnt even reached ATH as minimum?
I will give most suitable and correct answer on topics question. It is possible to reach that or any other price, but I dont know when it is going to happen.
Indeed, predictions are usually obtained from Bitcoin charts so far, and what the possibilities are at certain times or periods. I myself am also not able to analyze these charts. However, there are several ways:
https://www.mdpi.com/2504-2289/7/3/137
This might help a little on the link.
Usually there are several parties who analyze Bitcoin from the charts, from investors' sentiment, Forecast Bullish Trends, and also Sentiment-Enriched Time Series Forecasting as I shared in the link above.
Or also from here:
https://www.linkedin.com/pulse/bitcoin-price-prediction-experts-forecast-bullish-trends-calsona-o1vue
But what is certain is that this is a prediction, so not everything can actually happen according to predictions. So, stay alert and pay attention to the market so you can take profits according to your own targets. Because the prediction could happen and it could also be the opposite.
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Remember the early days of Bitcoin when it was practically worthless? Two pizzas in 2010 cost 10,000 BTC thanks to Laszlo Hanyecz the Bitcoin community for the first time understood the monetary value of Bitcoin.
From $30 in 2011 to $68350 in 2021 the journey of Bitcoin has been phenomenal. Some said it was a bubble that would burst soon and some said it was a Ponzi scheme while Bitcoin never stopped and surprised everyone against all odds. After 15 years of its existence, it is now a legal tender in the country. The US has approved all Bitcoin ETFs and is currently on the path of global adoption.
The Bitcoin halving is set to take place in 2024, and many in our community are eagerly anticipating this event. Recently, the price of Bitcoin has spiked, reaching $50,000 in December 2021. I have come across several articles predicting that the price of Bitcoin will reach $288,000 by December 2024 (https://cointelegraph.com/news/288k-by-december-bitcoin-will-not-stop-at-100k-says-stock-to-flow-creator).
Are you of the opinion that Bitcoin will reach its projected price point or do you think it will fall short of the target?
I understand PlanB's approach: it is based on a linear regression method based on BTC price and scarcity data[1]. However, this model has many intrinsic problems and technical limitations, so its predictions are unreliable[2].
Therefore, I do not think we will see a $288K increase in the upcoming cycle, and I do not believe that this price will come this year.
I also used linear regression and made a prediction for BTC's ATH in 2025 at ~$170K.
- BTC ATH in 2025 prediction: Linear Regression ~$170K (https://www.altcoinstalks.com/index.php?topic=317387.0)
[1] Bitcoin Stock-to-Flow Cross Asset Model (https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12)
[2] Three reasons why PlanB’s stock-to-flow model is not reliable (https://cointelegraph.com/news/three-reasons-why-planb-s-stock-to-flow-model-is-not-reliable)
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288,000 is very correct according to you if the result is 5 times the current price (52,000 USD), only the same as you said the problem is in the money in circulation which is ready to increase the market cap of Bitcoin.
Hmm, this thing is different.
I mean Bitcoin has gone from 3 million pesos back last December to 43 million pesos, but nobody got 13 times richer on it.
So if we count inflation into it, we have to go into purchase power, cause for sure I would ump all my coins right now if some alien overlord would tell me yeah, Bitcoin is going to hit $288k but by the time it does $288 k would buy you a pizza!
lol, that means you also think the same thing that Bitcoin over the next 3 years will not reach a price of 288,000 USD, right?
BTW, I will also thank you if you really want to buy pizza for me, whether it costs 288,000 or not at all. :P
I really need to look into it, I had a graph that measured the price of BTC inflation adjusted to 2010 but it cuts out in 2021, I really wonder how the numbers look now.
Is it true that you have a Bitcoin price graphic from 2010?
If you have it, please send your graphic in the reply to the post, I want to see your best work about Bitcoin inflations.
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How do people even generate such numbers in their predictions? Why 288k? Not 287k or 300k?
I am also curious how people make predictions like “in 7-8 years”? Or in 24 months. How do even calculate that? People generate such topic and answers weekly. What is the point of even discussing that, when bitcoin hasnt even reached ATH as minimum?
I will give most suitable and correct answer on topics question. It is possible to reach that or any other price, but I dont know when
Many make predictions by looking at the Bitcoin price chart, while others make predictions based on past history. But no one can guarantee their prediction 100% that it will work successfully. So those who invest in crypto must accept that rink. Bitcoin's past history predicts that its price will rise to millions of dollars one day, but no one can say when that will happen. That's why you need to help them by investing long term till your target is met. This is called holding and always the holder get succeeds.
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I understand and know that everyone makes those predictions based on charts, there is no need to show me that. But instead explain, why predictors or analytics are soo good at reading charts, why their predictions never come true? They can explain why in past assets price was the following, or explain why Bitcoin price went that way. But they cant give direct answer about future. I have a possible explanation for that - because market changes. But if it changes, what is the point of guessing? Just say that the price tomorrow will be different from today and that is it.
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I understand and know that everyone makes those predictions based on charts, there is no need to show me that. But instead explain, why predictors or analytics are soo good at reading charts, why their predictions never come true? They can explain why in past assets price was the following, or explain why Bitcoin price went that way. But they cant give direct answer about future. I have a possible explanation for that - because market changes. But if it changes, what is the point of guessing? Just say that the price tomorrow will be different from today and that is it.
It's just prediction mate, it could be right or wrong. Everyone has a method and belief in predicting coins. We can read other people's predictions, but we should have our own predictions that make more sense. I think $288K is too high.
I will answer one of your questions why the people are confident bitcoin will touch high price, because before halving bitcoin price was already high, touched $ 52K.
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Is it true that you have a Bitcoin price graphic from 2010?
If you have it, please send your graphic in the reply to the post, I want to see your best work about Bitcoin inflations.
It's not mine, it was from glassnode while they still had it, it's not available anymore even for paid subscriptions and I was dumb enough to not downloads the csv file, which means if I would try to do it I would have to do it from scratch and , no, a pain in the ass I'm not trying till I have 2-3 days off.
(https://www.talkimg.com/images/2024/02/19/YP20z.png)
Cointelegraph made sum fuss at that time because it showed the price was about 20% lower if you count inflation, now with two years of 4.70% and 8.00% 40k is more like 30k.
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The more people get into halving, the more diverse high predictions pop up. We're free to express anything related to personal predictions, but 288k is a really high number. Even though I don't deny that, it'll take quite a while to reach that point.
In looking ahead and reacting to this halving, I lean towards predictions around 100k. It might seem modest compared to the extreme ones, but I'm aiming not to get too greedy in the end.
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Nothing can be said for sure about the Bitcoin market because the Bitcoin market can rise or fall at any time. But in some cases the price correction can be estimated to some extent, for example, Bitcoin halving will happen in April, so before Bitcoin halving, there may be Bitcoin correction, so there is a possibility of crossing 60k dollars before Bitcoin halving. Again halbing later especially halbing next year Bitcoin will definitely increase in this case Bitcoin is likely to exceed 100k dollars. However, since both Bitcoin ETFs and Halving will be widely reflected, it is not possible to predict anything on the price of Bitcoin for now.
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How do people even generate such numbers in their predictions? Why 288k? Not 287k or 300k?
I am also curious how people make predictions like “in 7-8 years”? Or in 24 months. How do even calculate that? People generate such topic and answers weekly. What is the point of even discussing that, when bitcoin hasnt even reached ATH as minimum?
I will give most suitable and correct answer on topics question. It is possible to reach that or any other price, but I dont know when it is going to happen.
I don't know what technical adopting by some one when predicting with bitcoin price will hit up to $288K, currently they don't comparison with current bitcoin price and looking how realistic when predicting bitcoin raise more than 500% increasing from current bitcoin price.
Talking with OP bitcoin price prediction its need more than five or seven years later, its seems difficult bitcoin hit up to $288K in one year although halving can't guarantee bitcoin up more drastically.
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Is it true that you have a Bitcoin price graphic from 2010?
If you have it, please send your graphic in the reply to the post, I want to see your best work about Bitcoin inflations.
It's not mine, it was from glassnode while they still had it, it's not available anymore even for paid subscriptions and I was dumb enough to not downloads the csv file, which means if I would try to do it I would have to do it from scratch and , no, a pain in the ass I'm not trying till I have 2-3 days off.
lol, I really like your language style, it's frontal and very honest according to your character in the real world.
I also admit that you are very knowledgeable about every Bitcoin problem and I appreciate it, for example the graph you provided below.
Even though it's from Glassnode, you willingly and kindly provided this Bitcoin graphic information to me, thank you.
(https://www.talkimg.com/images/2024/02/19/YP20z.png)
Cointelegraph made sum fuss at that time because it showed the price was about 20% lower if you count inflation, now with two years of 4.70% and 8.00% 40k is more like 30k.
Damnnn, that means Cointelegraph is overestimating the price inflation of Bitcoin.
It seems that Cointelegrah is a media that is not trusted enough to see and read about Bitcoin information.
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To all those who have replied to my thread, thank you all for replying. I never knew the forum had so many active community members and some of them are not part of any signature campaigns.
this shows the activities of the forum but the thing is there are even more who have been posting without relation in the thread at all.
but indeed that many are not even part of signature campaigns.
I think Bitcoin price would spike to $100k for sure before this year ends. We already are seeing it doing well after Bitcoin ETFs got approved and the investment started showing up with a small bull run. The demand is still very high due to ETF and with Hong Kong also gearing up for approval this demand would ensure another rally if HK gets its approval. It is just a matter of months before Bitcoin touches its previous ATH. It is time for us to continue holding and accumulating more Satohis.
I don't wanna dig deeper about that 100k making this year because for me and for many? bitcoin will stay this level till bullrun comes in 2025.
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lol, I really like your language style, it's frontal and very honest according to your character in the real world.
I like to keep things simple, I know how hard to do some stuff is, especially gathering data when you find two sources that contradicts themselves and I know the feeling after 4 hours of research when you ask yourself why am I even doing it?
If you're interested this is another chart:
https://charts.woobull.com/bitcoin-growth-vs-other-assets/
you can go for the other stocks to get a comparison, again problem with graph they have a starting point that if changed 1 year they would look completely different.
Damnnn, that means Cointelegraph is overestimating the price inflation of Bitcoin.
It seems that Cointelegrah is a media that is not trusted enough to see and read about Bitcoin information.
Media needs clicks, you can't get clicks without clickbait, it's the same for every kind of media from tabloids to crypto newspapers, you will see them with outrageous quotes about crypto adoption also, just for the banner clicks, positive or negative eveything that sells.
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Remember the early days of Bitcoin when it was practically worthless? Two pizzas in 2010 cost 10,000 BTC thanks to Laszlo Hanyecz the Bitcoin community for the first time understood the monetary value of Bitcoin.
From $30 in 2011 to $68350 in 2021 the journey of Bitcoin has been phenomenal. Some said it was a bubble that would burst soon and some said it was a Ponzi scheme while Bitcoin never stopped and surprised everyone against all odds. After 15 years of its existence, it is now a legal tender in the country. The US has approved all Bitcoin ETFs and is currently on the path of global adoption.
The Bitcoin halving is set to take place in 2024, and many in our community are eagerly anticipating this event. Recently, the price of Bitcoin has spiked, reaching $50,000 in December 2021. I have come across several articles predicting that the price of Bitcoin will reach $288,000 by December 2024 (https://cointelegraph.com/news/288k-by-december-bitcoin-will-not-stop-at-100k-says-stock-to-flow-creator).
Are you of the opinion that Bitcoin will reach its projected price point or do you think it will fall short of the target?
Lets talk about breaking that $100k first then next talking about $150k or simply having that +50k incremental. We do know on how tough on breaking those resistances
and this wont really be talking about that easy achieving those numbers. This is why im not really that much making myself that too optimistic for i wont really be able to make out those kind of
disappointments on the time that it wont really be hitting out in speaking with those numbers. This is why it would really be better that you should really just go with the flow
and wont really be that too optimistic on things because too much expectation would lead into disappointment.
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Damnnn, that means Cointelegraph is overestimating the price inflation of Bitcoin.
It seems that Cointelegrah is a media that is not trusted enough to see and read about Bitcoin information.
Cointelegraph may be caught as one of the sites that tries to spread news that can scare those who understand Bitcoin price movements, but until now, when I want to know news about Bitcoin that is quite accurate, I usually see it in Bitcoin Magazine or Coindesk, so when there is bad news is circulating, so I will first confirm whether it is true because as a trader you must be able to control your emotions so that you are not easily influenced by bad news that tries to attack the psychology of traders so that they panic and sell at cheap prices.
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With bitcoin, anything is possible, we can afford to get to the height of $100,000 and even to more than $200,000 after this halving, all we needed is to always and consistently follow up with the way the bitcoin market is moving, set a target and have the capacity to hold enough before each halving session, the bitcoin market worth is increasing each day and people are still investing the more in it, we cant just afford to miss out.
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Are you of the opinion that Bitcoin will reach its projected price point or do you think it will fall short of the target?
I clearly don't see any reason to start making huge predictions or guesses about the price of Bitcoin in the upcoming halving, as the price of Bitcoin will likely continue to grow. $288K is kind of too massive for the upcoming halving, but it is never impossible due to how uncertain the market can be. Regardless of the impending Bitcoin halving, Bitcoin will likely hit the $288K price sooner or later. It's only a matter of time.
A $70K price is very possible, considering the recent price movements of Bitcoin after the approval of the spot Bitcoin ETF. Anticipation, adoption, purchases, rumors, news, etc., are all factors that certainly contribute to Bitcoin's price momentum.
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Actually the same word will be repeated again that I and many of us believe that bitcoin will obviously cross million one day. But the thing is we can't ensure that when it will happen because no one can guarantee that about that how will be price of bitcoin in future. But if we look at the current condition all over the world only around 20% people is known about Crypto currency and their must be more lower percent people are adopted so I think the biggest population are left to know about cryptocurrency . Imagine more and more people will know the Bitcoin and they also by the Bitcoin then how will be the price of Bitcoin.
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I think most of us will agree that $288K is a too high target for Bitcoin ATH in this bullrun season. There is no way that Bitcoin price will increase suddenly from $50k to $288K in few months only. Even some predictions that stated Bitcoin to reach $150K, I think it is already a big target. However, it still makes sense if Bitcoin can be above $60k before Bitcoin halving. If this really happens, I am sure Bitcoin will be above $100K in the next year.
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I think most of us will agree that $288K is a too high target for Bitcoin ATH in this bullrun season. There is no way that Bitcoin price will increase suddenly from $50k to $288K in few months only. Even some predictions that stated Bitcoin to reach $150K, I think it is already a big target. However, it still makes sense if Bitcoin can be above $60k before Bitcoin halving. If this really happens, I am sure Bitcoin will be above $100K in the next year.
If Bitcoin is predicted to reach ATH at 150K, this is a reasonable number. Because currently the current Bitcoin price is $51K, before the halving it had already reached a high figure. keep holding your bitcoin and wait until it hits the new ATH.
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If Bitcoin is predicted to reach ATH at 150K, this is a reasonable number. Because currently the current Bitcoin price is $51K, before the halving it had already reached a high figure. keep holding your bitcoin and wait until it hits the new ATH.
This is a completely optimistic figure and I also think that within a year we will see Bitcoin at 150,000, I think that now is a good time to start thinking about purchasing cryptocurrency and including Bitcoin, the main thing is to distribute the money so that you do not want to take it from there during at least one year.
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The Bitcoin halving is set to take place in 2024, and many in our community are eagerly anticipating this event. Recently, the price of Bitcoin has spiked, reaching $50,000 in December 2021. I have come across several articles predicting that the price of Bitcoin will reach $288,000 by December 2024 (https://cointelegraph.com/news/288k-by-december-bitcoin-will-not-stop-at-100k-says-stock-to-flow-creator).
Are you of the opinion that Bitcoin will reach its projected price point or do you think it will fall short of the target?
It could happen, but not for this year. 288k, in my opinion, is still too high for Bitcoin, and it's too fast if the target is December of this year. According to various calculations done by different sources, this bull run will indeed form a new ATH, but the percentage increase won't be that crazy. In fact, I'd agree more if the price doesn't surpass the 200k level by the end of this year.
Realistically, I'll keep an eye on the Bitcoin price, and if it manages to pass 80k, I'll start taking action to sell some at that level and wait for the 100k mark. There's no intention to be greedy this time, as I've had a bad experience trying to push my luck a few years back.
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Realistically, I'll keep an eye on the Bitcoin price, and if it manages to pass 80k, I'll start taking action to sell some at that level and wait for the 100k mark. There's no intention to be greedy this time, as I've had a bad experience trying to push my luck a few years back.
If you sell bitcoin at $80K, that's a good move. Because many people have plans to sell bitcoin at a price of more than $ 100K. I myself set the selling target at $ 150K. Looking at the current price movement of bitcoin which has touched $63K, it is possible that $80K will be reached next month. Bitcoin still has a long way to go to reach the new ATH. I'm also realistic
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The rates bitcoin is moving is actually amazing. Bitcoin may create a new ATH soon, but don't forget bitcoin halving is in corner. But if bitcoin in any chances hit $100k+ before the upcoming halvings, and after the halving bitcoin would surge higher in price which may endup beatijg our expectations.
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The rates bitcoin is moving is actually amazing. Bitcoin may create a new ATH soon, but don't forget bitcoin halving is in corner. But if bitcoin in any chances hit $100k+ before the upcoming halvings, and after the halving bitcoin would surge higher in price which may endup beatijg our expectations.
I'm beginning to change my status of impossible to possible. I'm surprised with the speed at which Bitcoin is going up and it's not even looking back and we are not even in halving yet, how is the price going to react when the halving is some weeks, probably we will see another crazy run that will blast off and take another run to all time high because we are almost touching the previous all time high.
I want to believe this time, the bitcoin price is going to stay up and crash like the u predicaments that we saw last year from different altcoins growth that later collapse. If Bitcoin really close one day above $100k is going to be shocking.