WHAT are the chances that Bitcoin will hit $100,000 by end of December?

[johnarb]

No comment.

 

[IntergalacticSpace]

Low probability event, we'll likely need a significant short term demand spike to get there.

Why? Current average production cost is at $35K~


Even though price has touched the higher end of the range in the past, which IS currently above $100K, it doesn't happen often.

Where is fair value likely to be in the coming quarter? About $49K, estimated with historical average profit margin for producers/miners.

Thanks for sharing. I've had trouble trying to track down updated mining estimates. In a thread full of rampant hand waving speculation, marginal production cost is the only thing that matters in the medium-term.

 

[Bastion_01]

Thanks for sharing. I've had trouble trying to track down updated mining estimates. In a thread full of rampant hand waving speculation, marginal production cost is the only thing that matters in the medium-term.

thanks here's the latest,

I'll keep it updated at the substack, https://bastion.substack.com/p/bitcoin-fair-valuation-update-d44/comments

 

[KCalhoun]

I expect 31k by December

 

[johnarb]

I expect 31k by December

I respectfully disagree


Oct-Dec are good months for bitcoin

I think btc will go to $100K before Dec 31. I'm long spot 20 btc's

At current btc price, If you're right, I lose a couple of hundred thousand, if I'm right, I would make over 1.1M, it's a good deal, I think

Of course, we could both be wrong and btc stays on this narrow range 40k to 50K, but you and I both don't believe that will happen, amiryt?

We both believe btc is going to be volatile in the next 3 months

 

[KCalhoun]

I respectfully disagree


Oct-Dec are good months for bitcoin

I think btc will go to $100K before Dec 31. I'm long spot 20 btc's

At current btc price, If you're right, I lose a couple of hundred thousand, if I'm right, I would make over 1.1M, it's a good deal, I think

Of course, we could both be wrong and btc stays on this narrow range 40k to 50K, but you and I both don't believe that will happen, amiryt?

We both believe btc is going to be volatile in the next 3 months

Um but the market agrees, -$1k gap down today as of 5:30amET

https://www.cnbc.com/quotes/BTC.CM=

I'm not a btc trader, though, so who knows. Personally I would be scaling out on continued weakness. Cash is king imho, (not a trading recommendation )

 

[wic2021californiaxp]

Hi All,

Do you believe that Bitcoin will hit $100,000 by December 31?

Please specifically explain your reasons why or why not.
I decided to post in this section, not the bitcoin forum since I wanted an objective realistic opinion. ( ie not oh it will go to $100,000 in a week)
Thank you,

almost impossible

 

[johnarb]

Um but the market agrees, -$1k gap down today as of 5:30amET

I'm not a btc trader, though, so who knows. Personally I would be scaling out on continued weakness. Cash is king imho, (not a trading recommendation )

-$1K move on btc is not much. It's a high volatility asset

It has since gone up over $10K in one week's time

This is nothing, though. Bitcoin will go to $100K before eoy imho

I'm long 20 btc's and I did not scale out as already have enough cash for safety

Ca$h is king but bitcoin kicks cash as$

 

[jocrape]

I expect the price to be somewhere between $55k to $60k by the end of the year. Not more than that.

 

[johnarb]

I expect the price to be somewhere between $55k to $60k by the end of the year. Not more than that.

Why do you say that?