I doubt it.
Maybe $90,000 in a year, after falling from 102-103ish I suspect.
$100,000 will be extremely hard to crack. Countless people will sell at 100K for sure. I suspect BTC will struggle with it for several years minimum.
The $500K - $1 million range can go into the closet for about 7-10 years I reckon as sad as that may be.
Wow!!!!!
That is a wee bit bearish.
Sure, I am not trying to count my chickens before they hatch, but still there are ONLY 21 million coins.. so I cannot see from where all the sellers of coins are coming.. maybe you are presuming fractional reserve to death.. but there is ONLY so much of that that can be done, too... but hey, whatever, its a free world, you are free to have your "lil theories," and you might even end up potentially being correct.
Almost anything is possible.
I guess me complaining about the price hovering around 60000€ was a bit early...
I have cash on hand, that I don't consider spare cash but depending on the situation I could see using some of it to buy corn. Not talking about DCA but rather buying something like a whole coin. However for that the price is too high. Last time I bought around 50000$ a third of a coin or something like that, then it dropped dropped dropped and in the end I bought a whole coin for an average of 35000$. Then the price was under that for months. I don't want to do that again.
These can be difficult decisions in regards to how much cash to hold onto versus how much to put into bitcoin right away.. or if we are having a dip, then how much do I want to buy at certain dip locations... since sometimes it can take a bit of time for any new purchases to get into profits...
Just to repeat my own story, I remember some coins that I bought around $500 at the peak of the November 2015 price run, and I bought them because I was nervous that the actual BTC price was going higher than my average costs per coin (and i thought that it might never return below $500 again).. but then soon after my BTC purchase, the BTC price corrected, and we did not get back above $500 per coin until the end of May 2016.. so I was a bit bummed out about that particular panic purchase.. .and even when the BTC price shot above $500 at the end of May 2016, we did again end up temporarily revisiting $500 around August for the supposed Bitfinex hackening.. and then there were surely a lot of threats that we were returning to $500 in early 2017.... yet those threats did not end up materializing, instead the opposite happened... so my largely FOMO purchase at $500 ended up being a decently reasonable purchase, even though surely i could have had gotten those there coins a wee bit cheaper if I had had my head on (wits about me) a wee bit MOAR better.
we barely went over the last ATH and struggled to stay even there.
Yeah, but we got there 2 months prior to the halvening.. which surely should be interesting in and of itself... at least from my perspective.
Remember in 2019 we had a 3.5x price rise from around $4,200 to $13,880 which was about 1 year before the 2020 halvening... so yeah, we did not even reach the halvening price.. ..and yeah, in late 2019, we corrected much of the gain, but not the whole thing and the March 2020 correction was likely a fluke.. but yeah, sure we can count it.. since everything ultimately counts...
And yeah, maybe we could say that the $27k to $73,794 would be way smaller than the 2019 price jump (of around 2.7 in 4.5-ish months), but it also crossed into ATH territories supra $69k, and after more than 4 months, since we got above $55k at the end of February, we still have not gotten back down to $55k... whether getting back down to $55k happens or not, would not even convert these already existing facts into bearish facts.. at least from the perspective of this seemingly overly optimistic cat.
In other words, the whole comparison of what happened in 2019 as compared with what is happening now seems like something to this here cat, but whatever, maybe i am overly optimistic about facts that are not as bullish as they seem... or maybe I am reading too much bullishness into where we got (so far) versus where we could have had gotten so far.
I suspect the 100K psychological barrier is a far bigger road block than almost anyone is predicting.
Why would it be any larger of a barrier than $10k?
Not to mention multiples of it covering the next 10 years or so.
That BTC is going to go up is a given. That it should endlessly follow a pattern, I just don't believe.
Everyone that tries to make a predictive pattern gets proven wrong eventually it seems to me.
We still have the pattern until we don't so I don't see much value in negating or poo pooing the pattern prior to the pattern even being broken..
Yeah.. whine whine whine because the price is not going up fast enough.. but it is.. there is no problem where we are at.. and yeah, maybe we will not get to $1million this year or next year, but so what.. it still seems we have decently good chances to continue to go up, whatever the numbers end up being... As a tentative ballpark idea, I still like $120k to $180k for 2024 and higher numbers for 2025.
I'd love to see BTC at $10 million in 10 years.
But let's be honest: is $1 million (16x) or $10 million 166x) more realistic?
There is nothing wrong with being realistic, but also considering the higher numbers too, even if their odds (by definition) are lower than the lower numbers.
One last dip down
Bitcoin animal soar
130k inevitable
Feb 2026 maybe.
You are starting to beg for some kind of a slappening, no? Maybe batman slapping a bear might be a good image?