What's your take on Bitcoin's future? Do you think a bull run is coming up, or are we still in a bear market?
And could someone share a chart or something?
BTC hitting 200k, are you prepared?
19 replies 62 views
We were never in the bear season despite the dip in the price of bitcoin after reaching a new ATH. We are still in the bull season and everyone is hoping to see bitcoin bounce back to $100k and create a new ATH this year, but we don't know the exact month.
What we are experiencing in the market is price correction which was a dip of 30%. All these price dips was caused by Trump due to the increase of tariff on all imported goods coming to the US. I believe since Trump have suspended that, and dollar is depreciating, people who have more confidence in bitcoin and pump their funds into the market.
basedchainFull Member
Posts: 98 · Reputation: 583
#3May 7, 2020, 01:46 AM
Not a timely topic, IMO. Bitcoin is still struggling to get back to $100k, and here we are already talking about $200k. I think we should get ready for $100k first, then worry about higher prices once we're there. You ask if we're ready? Of course we are, we're bullish, not betting against Bitcoin like those who short it.
You are right with this, Can you do the favour of the second question i asked also?
You are right, it doesn't seem the best time to raise the question. As we know bitcoin is capable of going up in price a lot and very fast but as the current situation stands with people unwinding investments to get liquidity it doesn't seem like the best time for a rise to $200K.
What second question? I think you haven't expressed yourself well.
alex.shardLegendary
Posts: 1019 · Reputation: 5623
#6May 9, 2020, 02:36 PM
Bitcoin is not going to $200000 in this bull run but it can increase above $110000 and get to all time high. If bitcoin will get to $200000, that would be in in the next 4 year cycle and that time will come. People will make money again very well from their bitcoin holding.
He is taking about how he can post image.
@Olamidetechie, you can include the link and we will copy it and post it for you. To post image, you need to have at least 1 merit. You have 30 activities already.
Go to talkimg.com to post the image and copy the link and post it.
I am currently on poker now, but no one has joined me to play it and i need it to get a merit so i can start posting picture. That was what i meant, and i see that you are a poker player can u do that for me?
basedchainFull Member
Posts: 98 · Reputation: 583
#8May 9, 2020, 11:16 PM
I think were about to see the bearish side take over. Bitcoin has been in a downtrend for a while, and even though its rebounded to $84K, I dont see any major news or speculation that could trigger a bull market. My guess is that the rally earlier this year was the bull run we were expecting, and this cycle might not mirror past ones since institutional investors now dominate the market, reducing the extreme volatility we used to see.
alex.shardLegendary
Posts: 1019 · Reputation: 5623
#9May 11, 2020, 09:12 AM
That was April fool.
If you want to have merit, post good and people will send you merit. Know some merit source and asked them to check your post if you think you have good post. You can know about good post by studying the pattern of merited topics and posts. This helped me when I registered on this forum.
I do not think but from my analyses, no bear market yet coming.
node_walletSenior Member
Posts: 139 · Reputation: 949
#10May 11, 2020, 10:02 AM
Any experienced investors that understands the potentials of Bitcoin believes that we are not yet into bear run, we believe that what we are experiencing now is a correction to enter back into the bull run. About your question whether we are ready for BTC at $200k, I don't think that the question is relevant now, we should focus our attention on seeing price at $100k and reaching a new ATH. If we see ATH at $150k that is when we can speculate whether it can reach $200k, depending if there are positive global trends then. Maybe the dip was a sign of bear run we don't know for certain, we have to wait till the last quarter of 2025 to be sure whether we are continuing in bull or bear run has started..
Please I will love to know about this merit source because I have some great contents to the extent they merit people that commented under my post, how can I apply for that merit source I need to start posting picture?
Hmm, we can all draw a straight line and put it into $200k. So it doesn't make sense to draw and show you the picture as anyone can make their wild and educated guess here.
So in any case, most of the predictions as into $150k - $180k range and that is understandable as I also see the price point maybe in the future or that could be the bullish price that we will see a new ATH.
With regards to your question then, we wouldn't want to see the price $200k? But to be ready, we should really be accumulating this early as the price is very obvious low and at a discount.
Perhaps, we will still sideways moving from Bitcoin so we need to wait for more and prepare. The bullish come when the price can increase and back to $100k and then break $109k. But there will be many ups and downs that happen in the market.
But to go $200k, that will not easy. So we better prepare for the next new ATH by focusing accumulating Bitcoin. Don't forget that the price can jump to the high price anytime so make sure you are ready with that.
You technically don't need to be a source to get merit, or be one to give merit. I reckon give this a read before anything else really.
https://bitcointalk.org/index.php?topic=2818350.0
And go to Beginners and Section if you have any more questions about merit (or the forum in general).
For your topic OP, I reckon we won't really be seeing 200k. Maybe peak at 150k? Though still far off. Maybe the latter end of the year really. Personally I'm just in the waiting game already since I already have prior investments in the market.
We are not in bear season though but all the positive feedback on bitcoin is yet to be seen in price volatility. The strategic reserve order is suppose to create a very strong move up but it didn't. Only last week that the tariff suspension from Trump had a little volatility up to $84k. We are still going to be seeing price around the 80s for now, maybe between $82k and $79k and $78k in the shortest time. $200k for now is not in the picture.
king_oracleMember
Posts: 38 · Reputation: 206
#16May 17, 2020, 03:37 AM
I can expect Bitcoin to be in the $100,000 to $150,000 range next. Although the Bitcoin market is currently in a bear market, this position may not last long, we will see a bull market very soon. We were in a bear market, maybe we don't have much time left to see a bull market. If you have invested in Bitcoin, then definitely hold on to that investment, there is no doubt that Bitcoin will not go up because with the way big companies and influential investors have invested in Bitcoin, Bitcoin will definitely surpass $200,000 and aim to reach $1 million, although it will take a long time, but there is definitely hope.
I agree with the sideways movement which could be the trend for the next few months.
We nay not see a new ATH in the coming months, I'm basing that on Trumps tariff
strategy and how the global economies dont like what he is doing.
Not sure either that we will hit $200k this year, that could be the realm for the next
halving event. I would be surprised if that happened this year.
If Trump fets serious about his Crypto Reserve maybe the markets will react favourably.
I guess we really have to move on, we are all disappointed about the so called strategic Bitcoin reserve by Trump and I will say that he might have purposely deceived some Bitcoin holders when we thought that he will buy Bitcoin like El Salvador.
It's $85k for now, but still very volatile as the price could go down anytime to $70k'ish as the market has reacted to anything that Trump says, just like the Tariff war with China. On the contrary, it was reported the Gold hits ATH and then we are somewhat at $85k. So not sure what is going on with the noises on the background and we can only hope that at least we will back at 6 digits in the next couple of months.
cold5tor4geSenior Member
Posts: 349 · Reputation: 1415
#19May 19, 2020, 11:46 AM
Bitcoin has been struggling over the past weeks to climb back to near its last all-time price which is somewhere around the end of the last year 2024 running into early 2025 when Bitcoin did multiple all-time high prices, so whatever speculation that we make right now should be based on an informed knowledge of the fact that we can not rightly get the accurate predictions of which direction Bitcoin will take for the remaining part of this year 2025.
degen_matrixMember
Posts: 24 · Reputation: 143
#20May 19, 2020, 03:54 PM
The better question right now is: will there be another bull run one last time this year, like most are anticipating? As we can see, BTC is struggling to get back to $100k. It keeps wiping out millions of dollars lately every time it dips. With how the market moves even outside crypto, others even believe, there's no bull run this year. BTC is capable of reaching that price, a lot of people believe that. If not this year, then maybe the next bull run, if not, maybe next bull run again. Just like that.