Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[highspeed]

Since December 2020, when Bitcoin exceeded the threshold of $ 50,000, there is now a lot of enthusiasm around this cryptocurrency (this also from my part obviously).
But since then, I have been hearing everywhere, the almost certainty that by the end of this year (2021), Bitcoin will even reach a value of 1Million$!
I've always been optimistic, but I'm sorry, this now seems to me definitely an exaggeration and then, honestly I don't believe this yet!
But I would like to ask those who support (and there are many) this: Based on what factors Bitcoin could reach this value in my opinion decidedly disproportionate?
Thank you.

 

[leithy]

There are many price hurdles for bitcoin to overcome before reaching $100,000 never mind $1 million. It has to break $60000 and stay there , which seems a block at the moment, before it can then reach $7000. A long way to go to $1 million, if at all.

 

[sh199]

Think it will hit 100K within 2021. Bitcoin has that potential now and bitcoin has stabilization in the market value of 50K. If now, it does a bull run because of any news or projects it can easily go up to 80k. Many celebrities and tech giants are leaning to future assets

 

[aryan4]

Such a high target price seems impossible for now. However, it should be kept in mind that Bitcoin has increased from zero values of 0.0 to almost 60 thousand dollars. Even though it seems like an impossible target, even her dream is very nice.

 

[highspeed]

There are many price hurdles for bitcoin to overcome before reaching $100,000 never mind $1 million. It has to break $60000 and stay there , which seems a block at the moment, before it can then reach $7000. A long way to go to $1 million, if at all.

Well, maybe it would be conceivable that sooner or later it could even get there in the future. But I exclude the hypothesis of those who foresee this already by the end of this year!

 

[Niftyicon]

Such heights in this 2021, is mere exaggeration. We all know the potential of bitcoin and how far the coin may likely go but for now, $100,000 is more realistic.

 

[highspeed]

Such heights in this 2021, is mere exaggeration. We all know the potential of bitcoin and how far the coin may likely go but for now, $100,000 is more realistic.

Yes, I agree with you. However, for now Bitcoin doesn't seem to exceed the $ 62,000 threshold. Therefore it is already to be seen if within 2021, it will also reach $ 100K.
Optimism ok, but not too much, I say ..

 

[leithy]

I think for some hope overcomes reality ıf they believe bitcoin can reach $1,000,000 in 2021. Think there would be many sellers on the way to that price and perhaps retire on the proceeds. Remember that altcoins will probably also rise at same time.

 

[highspeed]

I think for some hope overcomes reality ıf they believe bitcoin can reach $1,000,000 in 2021. Think there would be many sellers on the way to that price and perhaps retire on the proceeds. Remember that altcoins will probably also rise at same time.

Indeed. Furthermore, not calculating that there is also the possibility that the halving effect will intervene, if in this time, should be extracted 21 million of Bitcoin units.

 

[Josemendez]

These predictions are propagated by people who wants to create FUD in the world of cryptocurrency ,and thus have more people invest in it.

 

[highspeed]

These predictions are propagated by people who wants to create FUD in the world of cryptocurrency ,and thus have more people invest in it.

Indeed, this is a pure marketing technique based on the dissemination of negative, vague or inaccurate information. That's why I don't believe in it and like me I think many other people.

 

[Wisdom01]

That amount is far hard to reach but with the investment and development going on with bitcoin anything as such is possible to happen

 

[CrazySher]

Since December 2020, when Bitcoin exceeded the threshold of $ 50,000, there is now a lot of enthusiasm around this cryptocurrency (this also from my part obviously).
But since then, I have been hearing everywhere, the almost certainty that by the end of this year (2021), Bitcoin will even reach a value of 1Million$!
I've always been optimistic, but I'm sorry, this now seems to me definitely an exaggeration and then, honestly I don't believe this yet!
But I would like to ask those who support (and there are many) this: Based on what factors Bitcoin could reach this value in my opinion decidedly disproportionate?
Thank you.

Well, according to recent performance of Bitcoin, I don't think it will reach $1 Million dollar at the end of this year, it is yet not stable at the $60,000. I think it will touch around $1,50,000 this year.

 

[Josemendez]

Well, according to recent performance of Bitcoin, I don't think it will reach $1 Million dollar at the end of this year, it is yet not stable at the $60,000. I think it will touch around $1,50,000 this year.

$150k is quite achievable than $1 million . I think what we should do is to be able to bag my Bitcoin ,then we will be able to profit from them when the price rises

 

[highspeed]

Well, according to recent performance of Bitcoin, I don't think it will reach $1 Million dollar at the end of this year, it is yet not stable at the $60,000. I think it will touch around $1,50,000 this year.

Well, do you mean $ 150,000 this year, I suppose. Maybe it could get close, but if I had to bet, I'd say, already good if over $ 80,000.

 

[Josemendez]

Well, do you mean $ 150,000 this year, I suppose. Maybe it could get close, but if I had to bet, I'd say, already good if over $ 80,000.

I agree with you on this . If we can have Bitcoin rise up to $80,000 , many people have earned much from it , especially those who held from $50k price

 

[highspeed]

I agree with you on this . If we can have Bitcoin rise up to $80,000 , many people have earned much from it , especially those who held from $50k price

Indeed, having only been able to buy 1 Bitcoin, exactly one year ago, when it was worth less than $ 10,000, today alone we will have had a profit of more than $ 50,000 !!
Moreover I'm sure that now, given the circumstances, most tend not to sell their Bitcoins.

 

[highspeed]

$150k is quite achievable than $1 million . I think what we should do is to be able to bag my Bitcoin ,then we will be able to profit from them when the price rises

I'm sorry, your idea would be to cash out now, then you mean, sell your Bitcoins (or satoshi), with the prospect of buying them again, in case its price goes down, if I understand correctly?
Thank you.

 

[Josemendez]

Indeed, having only been able to buy 1 Bitcoin, exactly one year ago, when it was worth less than $ 10,000, today alone we will have had a profit of more than $ 50,000 !!
Moreover I'm sure that now, given the circumstances, most tend not to sell their Bitcoins.

Patience is the key in cryptocurrency . One need to be very patient with any potential coin because it is just a matter of time before it rises to a greater heights

 

[highspeed]

Patience is the key in cryptocurrency . One need to be very patient with any potential coin because it is just a matter of time before it rises to a greater heights

Yes I agree. To make a profit from cryptocurrencies, we need to become long-term investor.
If we wanted to get "everything and now", we will surely be disappointed.