Quote from: antmex on February 09, 2022, 02:33:38 PM

Quote from: YOSHIE on February 09, 2022, 01:10:23 PM

Quote from: antmex on January 31, 2022, 07:56:38 PM

Hey guys, will Bitcoin go to $100k?
On my opinion yes.

When was that.........do you really know about Bitcoin to $100k level, tell me, day/date and year for $100k.

Quote from: antmex on January 31, 2022, 07:56:38 PM

What do you think?

My understanding, What is never talked about, that is what will happen, Bitcoin is anonymous, although Bitcoin could go as high as $100k for the next 5-10 years, but never serious people who get profit when Bitcoin is at that level, investors, entrepreneurs no one wants to save their money which is not sure, even if that is the case, they prefer to trade money spins every hour and day, So no wonder Bitcoin is going to the $100-500k level.

How about you, have you bought Bitcoin now and are waiting for the price of 100k, how many coins do you have, are you really patient and hold on to $100k, how much time do you need to wait.

I started buying Bitcoin 2017 at $400. sold some and switched some to other coins. And yes my personal target is the 100k. Maybe I sell some to have some fiat for financial freedom and traveling around the world. I don’t think we have to wait the next 5-10 years. We will see this happening this year I think.

Something is wrong with either your date of entry into BTC or the BTC price that you entered into bitcoin.

Accordingly, bitcoin was not $400 in 2017 and the lowest it got in 2017 was about in the mid-$800s, but only for a short period in March-ish.

As any of us can look at the charts, bitcoin spent a damned high portion of its 2015 in the mid-$200s, and then at the end of 2015 broke up to $500 in November and then corrected and got stuck largely in the lower $400s for the end of 2015 and for the first 5 months of 2016.. and at the end of May 2015 when BTC prices broke above $500 and then went into the $700s before correcting again, never really saw $400s again -even after May 2015... except for a very brief crash after news of the Bitfinex hack in August 2016.. and that Bitfinex crash ended up in the lower $500s as the wick down rather than getting into the $400s.

Can't really disagree with your having a kind of personal price target, but I would question anyone who believes that they are going to shave off large portions of their BTC - whether we are referring to doing that at $100k or some other price point and then either consume with such value or presume that there might be some better place to put their value outside of BTC. In that regard, it seems better to consider incremental steps to shave off some value from your BTC holdings whether you plan to consume with it, invest in other assets or reinvest in BTC upon potential price drops (that may not end up happening) or some combination of those tactics.

Your seeming assertion that $100k would serve as some kind of magnanimous price for BTC seems to be quite short-sighted...

Sure in the short-term, BTC may well have some troubles getting to $100k, getting above $100k and/or even staying above $100k in the short term - such as 1-4 years, but it seems quite likely that in the whole scheme of things, $100k is not really that high of a price for bitcoin considering what bitcoin offers in the context of other possible options - including the fact that bitcoin is likely facilitating the largest wealth transfer that man has ever seen, but the fact that we seem to still be in the early stages of such great wealth transfer it is easy to get confused about what is going on, how we got here and what is likely to happen in the coming years.. whether we are considering shorter timelines of less than 4 years or longer timelines such as 4-10 years, 10 to 30 years or longer timelines.

Our investment thesis can attempt to account for each of these kinds of variations in timelines, and of course, the more urgent considerations should be concerning both what we are doing in the shorter timelines and also what we consider BTC's likely path (maybe as compared with other assets and also concerning our own financial and psychological circumstances) in the coming 4-10 years.

I know that people like to get all caught up with BTC tops, and surely, I am not going to fight those inclinations, because they can serve as decent and meaningful opportunities to shave off some value.. but it does seem to be problematic for BTC HODLers to shave off a large portion of their BTC holdings when BTC still serves as a great place to hold/store value in spite of its likely inevitable ongoing volatility.. while at the same time there are likely ways to attempt to insure ones portfolio and also to consider BTC bottoms and bottom potentials in terms of ongoing financial and psychological preparations and practices.

Even if the more bullish of scenarios do not end up playing out for BTC, based on current circumstances, it still seems prudent to engage in some level of preparedness for such more bullish scenarios, but it is up to each of us if we believe that 1-25% allocation into bitcoin is a good place to start, and of course, if we have been in bitcoin for a while (let's say 4 years or more) then our already appreciated BTC holdings would likely affect how we consider the whole allocation matter - and the fact that bitcoin continues to be one of the best asymmetrical bet opportunities for anyone, whether they recognize and appreciate such great asymmetric bet opportunities or not.. including that these days (relatively speaking) it is not even that difficult to figure out some ways to get exposure to BTC's price.. even though the various ways of deciding self-custody versus holding coins with a third-party can have some difficulties in terms of learning best practices that would likely involve some level of self-custody and putting those better practices to play.. and that part can be complicated for a lot of normies and newbies into bitcoin.. so in that regard, there continues to be expressions of ongoing hope from a lot of us longer term bitcoiners regarding developments to make bitcoin more user-friendly and to increase the various user-friendly options to the extent that is feasible.