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Re: Why Bitcoin will Hit $100,000 in or Before 2022
by
romero121
on 27/08/2019, 07:00:13 UTC
Quote from: omonuyak on August 27, 2019, 06:44:32 AM
Quote from: ethereumhunter on August 27, 2019, 05:57:26 AM
Quote from: dantee1 on August 19, 2019, 09:51:13 AM
Do you agree with me on my prediction that Bitcoin price will hit 100k before December 2022?

This upward movement will be fueled by People's sentiment and other important indicators. I also have a strong believe That no single person nor single policy is capable to bring the price down, rather the price is decided by the people's sentiments.

I agree with your prediction, but I am not sure that the bitcoin price can hit $100k before that time. It still mystery to us because we cannot predict with right and we could only follow where the market wants to move. But if the price can really increase to that price, then I am sure that all people will be shocked and for people who are not investing their money in bitcoin will think that they lose a very big chance to make a lot of money from bitcoin.

But that will be 2 years later than now, and I think if the price can hit $20k this year, that will be a new chance for bitcoin to be popular within the public. I am sure that they will join in bitcoin and the long-term, it will attract more people to come into cryptocurrency.
I have see many predictions this days as par the reason why bitcoin is going to hit $100,000 by 2021 on both here and Twitter and it really sound strange. I think the reason why bitcoin is a bit better is because of the halving by next year may. I doubt now if bitcoin will go so high in next 2 years.
Halving is a big expectation among the common cryptocurrency users for the next level of growth. This is more or less an assured process that makes some changes over the market in terms of the supply. Though there were countries standing against cryptocurrency, on the other side there is continued adoption from low level to large scale companies. This portrays the increasing demand of bitcoin and this could get reflected on the rise in the price of bitcoin.

On what basis I don't know, but there is big hype for the upcoming halving as well as the year 2022. Let's wait and experience the reality, because expectations, predictions and impossible things getting achieved is common with bitcoin.