Quote from: bitbunnny on January 15, 2021, 09:07:24 PM

Quote from: LFC_Bitcoin on January 10, 2021, 01:19:10 PM

This cycle is going to be a super cycle, I think $100,000 is conservative for the top to be honest. It’s going to be like an absolute avalanche of money flowing into bitcoin once true FOMO starts.

Maybe from the current perspective looks conservative when Bitcoin price id is on the fast track up, however 100.000$ sounds a bit far away to me. Don't forget volatility and corrections as well as many factors that could influence price in negative way. We mustn't be too greedy when it comes to price.

You need to consider that fact that, it will take a few 20% days to reach that people. If BTC is at $40K, then it would only take 20% days to reach $100K. And look at how many days in the past BTC had 10-15% days. So its definitely possible. Look at how fast it reached $40K when it broke $20K.

If you go to Deribit which is the largest bitcoin options platform. They actually have $100K,$200K,$300K,and $400K call options which expire at the end of the year. And you would think "Who in the world would buy a $400,000 bitcoin call option that expires in 11.5 months?" Well there is currently a $2500 price for that call option and open interest is almost 100 contracts.

Seems there are people out there that think that 6 figure prices are possible and they are putting money behind it.