Do you think it's possible for Bitcoin to reach a price of $288K?

[bitbit97]

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.

[UNIVERSE]

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.

[MrSpasybo]

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.

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

[1] Bitcoin Stock-to-Flow Cross Asset Model
[2] Three reasons why PlanB’s stock-to-flow model is not reliable

[jonathancool220]

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.

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.

[JISAN]

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.

[bitbit97]

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.

[Doctor]

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.

[Stompix]

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.



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.

[bayu7adi]

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.

[Altcoin1998$]

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.

[bounceback]

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.

[jonathancool220]

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.

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.

[bitterguy28]

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.

[Stompix]

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.

[milewilda]

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.

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.