Quote from: Swordsoffreedom on Today at 08:15:02 PM

Quote from: why on Today at 07:50:37 PM

people are rumoring that BTC will go to 100k or 300k, very logical but I think it will possible after a decent pullback.

If you pay a little more attention you will see that already we had around 10% pullbacks several times, and a bigger one may come later but no one knows when. I don't suspect any big correction before we go to 60K zone. After that when once we get around 60k to 100k I think it could get very volatile.

Interesting related article:
Bitcoin Could Soon Hit $70,000, And That Has Nothing To Do With Currencies by Dan Runkevicius
https://www.forbes.com/sites/danrunkevicius/2021/01/07/bitcoin-could-soon-hit-70000-and-that-has-nothing-do-with-currencies

Quote

...
Bitcoin doesn’t compete with currencies. It competes with “insurance” against paper money

From an investment and ideological standpoint, Bitcoin is actually more like a commodity. More precisely, one of the most expensive and “useless” commodities in the world—gold. Unlike other commodities like oil, gold has limited use. For example, ~3,000 tons of gold were dug up and sold last year. And of that amount, just 35% went into electronics and jewelry. The rest was melted into bars and coins and stowed away. Gold is not a medium of exchange either. You can’t walk into Pizza Hut, drop a sliver of gold on the counter, and get a slice of pizza. At most, you’ll get some strange looks.
...
If just 20% of private gold holdings moved to Bitcoin, the crypto would double or more

Quote

So the questions you should be asking yourself are these

Will investors buy Bitcoin as a legit store of value so early on? And will they move a meaningful chunk of their “gold insurance” to Bitcoin? I’m convinced these are the questions that will drive Bitcoin’s price for now.