Finally posting after lurking for ages

Hey all, Hodl. By the end of 2021, I bet we'll be cruising around ~100k without breaking a sweat. It’s not about how fast we get there. What really counts is that final milestone that changes everything. Rocket ships > Lambos ✌️❤️ - quez

Some big shots in the crypto industry have been calling for a $100K by 2021 and the prediction is based mostly on fundamentals like fiat devaluation due to massive printing of bills to mitigate the effects of the pandemic. I guess we'll have to wait if they are correct or not. You are free to call it a joke but do you have your own analysis as to why it won't reach that price?

More and more adoption is happening with bitcoin. In specific more large scale investors are getting into the bitcoin market understanding its value and need. This has made most traditional investments to be outdated. Maybe the future will have large multiples of investors compared to the present. This could boost the market high and let it touch new milestones. $100k could've been easily reached based on the growth that happened recently, but the ongoing decline is happening drastically.

Perhaps, not that easily. Although we did reached the new ATH few days ago smoothly. Bears are still fighting. Bitcoin enthusiasts are expecting it to fo further up that price as $100k but there may possibly many corrections that may eventually change it's way. Amd yeah, the best thing to do is to hold and cut loss if unexpected doom will happen.      Afterall, we are not rushing things. If it won't reach $100k this 2021, the thing is that bitcoin proved how it improves the way it showed it's progress recently.

100K or 50K by the end of 2021? I'm not selling even if it hits 4K again, just buy more and more.

buy the dip, hodl, repeat

Everyone can hype up, no need to analyze but the current situation of institutional investors pouring in their money is really something that you should be considering, the prices might not get to that point but it will definitely be around that block when the time comes. This is a speculation board after all.

I have seen that same speculation but yet I still don't agree with it. Maybe I am too pessimistic about it.  $50k is not even reached yet and we could see a lot of panic coming around on social media. It could also be the reason why it is just fluctuating back and forth $30k-35k. Some may have been gaining their profits now. I would not really expect much this year.

Dude is not lying, he actually joined at 2014 and now 7 years later he is once again here . I believe he is sort of right, bitcoin is something that people should hold, and as long as you hold you will make a profit from it eventually. However this creates a problem, if everyone buys and holds, where will the new people find money to buy? We are at a level where for just 100 billion dollars, or a bit more, huge corporations could buy half of all bitcoin in existence, these are the same companies that have trillions of dollars to invest, it is not their own money it is their customers money but if they did invested into bitcoin they could have more than half of all bitcoin existed all together, which is scary. Grayscale for example is not even close to JP Morgan type of levels, and I am not talking about multiple big banks here, even JP Morgan alone could buy more than grayscale who has half a million bitcoins. This causes some problems for the future.

BTC has transferred ~$10,000,000,000,000 to-date across the planet with no banks People will come around just like they did with cars, trains, airplanes, and even fiat money. Time is on the side of Bitcoin. Even if it crashes to 5K like it did in March or reaches new artificial ATHs The technology is here to stay and still underestimated.

Looking at current situation I don't think it will be as easy as you have described it, even I speculated bitcoin to reach $50k looking at the pace of its growth until last well but now everything looks sceptical once again because Bitcoin might go bearish again, we could have expected $100k had there been no correction period. It's difficult mate and we need to share some logic for such speculations.

Why? Because of a 27% correction? We had these many times in 2017 before we hit 20k.

Welcoming your 1st - 3rd post.  This isn't hard to understand for those who still got rekt investing too much into altcoins. You can invest as much as you want in alts but having your safest portfolio should always be with bitcoin. Holding never gets stomped in the entire history of bitcoin and even in the most bearish days, it's been the safest strategy. Yup, it's not yet recognized by many huge investors but they'll be late when they do, or at least if bitcoin hits $100k, they will witness it, only witness it but they won't have it.

I agree that unless something is amiss, we can expect $100k Bitcoin by the end of the year. Bitcoin should settle around $150k before the next halving. The way I see it, only about 18 million people own even just a little bit of Bitcoin at this time. If this has to change to 180 million people, that's a massive buy pressure. Not to mention the hoarding going on at this time from the institutions who will HODL it proper!

I am very happy to see the institutions buying Bitcoin at $30k. They could have got it at tenth of that price if they had been smart instead of calling Bitcoin a 'nothing'. There are more institutions which will wait and buy Bitcoin at even 10 times of $30k like jacka$$es, and I am looking forward to watch that with some popcorn. Its going to be a nice show!

Yes we had a 27% correction before in the past, especially in 2017 before it topped out at $20K however now its difficult because many traders are simply overleveraging with all the future brokers out there. Look at Binance, I think they offer 125x leverage. So people get greedy and think "If its going to go to $100K from $40K, if I buy 10x as much I get 10x as much profit" and its these harsh corrections that seem to make most people go bankrupt. That day I think we had like what? 1 billion in liquidations from longs? Its a crazy amount and its mostly due to high leverage trading. Markets become one sided and when the ice burg tips, its what causes these crazy cascading stops to get set off. This is the first time BTC had a 5 figure day ever where it lost like $11000 in less than 24 hours. Crazy.

Nothing we haven't seen before. Bitmex's volume and liquidity were already huge in 2017 and they were offering 100x. That's all just derivatives anyway. Totally separate market from spot. Binance's spot market only offers 10x max. Bitfinex's spot market has 3.3x max. There are bots programmed to follow derivative markets but during really high volatility (like we saw in March last year) they just shut down and the markets diverge since spot markets require real BTC to execute sells. Derivative markets are just paper markets, and they don't necessarily have adequate liquidity to support their open interest, hence the requirement for insurance funds and auto-deleveraging schemes.

Dang , almost 7 years of Lurking around ? and now created a Thread when the crypto really reached the Milestone . Love the Idea mate and yeah , Posting only with worth reading. Wondering How Much Holding you have ? and Lambo is at your End  sad Reality , But good that there are People like you OP that Boosting everything for Bitcoin , Salute for a Person Like you.

Bish Bash Bosh Get in, type the message and get out leaving a simple straightforward slogan for all to follow. This is like the banksy of Bitcoin Talk ! Brilliant

What else are people going to do? Buy USD? Bitcoin is already solving so many problems on top of being the best store of value on earth. It's tough to stop seeing it all as dollars and cents. But if you do then I believe it's easy to see where we're headed