Quote from: Lucius on Today at 10:57:47 AM

Quote from: Olayinka2225 on September 19, 2021, 05:25:55 AM

People have been predicting bitcoin to hit $100K+ by the eoy and with 3.5 months left, we're nowhere close.

Don't be obsessed with numbers, everything you read is just speculation based on various models (which may not be accurate), or the opinions of various experts who want to get their 5 minutes of fame in the media. Since the last halving 2020, the price of BTC is on average about 7 times higher, which is more than impressive - and whether it will be $100k by the end of the year or maybe only $75k does not mean anything in the long run.

Another fact that we should not forget is the price will never be predictable and it is always quick. So it doesn't matter if it was 1st of December right now and we were still around 50k, it still doesn't mean that we won't be at 100k by new year. Obviously, it makes it harder to reach that level but the reality is that we are living in a situation where things are very quick and very very volatile as well.

So, bitcoin could become 20k in under a week, or it could be 100k in a week or at worst in a month. Have we not seen it go up that much quickly before? I mean even very very recently we have seen it move from 28k bottom to nearly 52k at the top and this happened in 1-2 months, definitely quicker than 2 months, closer to 1 month. Which is a proof that bitcoin could do nearly 2x prices in a month. So, that means maybe we will finish with 20k, maybe around 50k, but maybe it could still be 100k.