Post
Topic
Board Economics
Re: Our Dear Bitcoin and its price movement.
by
RealMalatesta
on 23/09/2021, 13:53:58 UTC
The situation like that has already taken place, the market has reached over $50,000 and dropped back to $40,000. Funny enough there are people who has predicted that before the year runs out that we are going to see the price of Bitcoin reach over $300,000, now the year is slowly coming to an end and we haven’t seen anything that will motivate us to believe that we are going to reach a price that is as close to that.

But, I believe we’re still going to have another shot and that’s $50,000 or maybe $60,000, any one of them is possible. But I am not sure of anything more than that. Then as from next year we will see what the price in the market holds for us
Truth is bitcoin will not be 300k this year. I know that there is a chance for it happening, I know that even on the last day we can't say "it won't" because technically speaking it can always go up, it depends on what happens with whales and all. However reality is that 300k looks as improbable as it gets right now.

However, a big increase is not that far away from reality, that part could definitely happen if we are lucky enough. Remember bitcoin was just 30k during January and 64k in may, so in 3-4 months it became 2x, if we are 2x from the current price that is 80k and we do have nearly 4 months left, or 3 months more likely. So a good 70k-80k is not out of question at all. I am not saying that it will happen, I am just saying that even though 300k is looking difficult, 70k to 80k is something that we could definitely see happening.