Bitcoin Will Be Greater than $110k By the End of 2024
Bitcoin price predictions are as common as altcoins. People love to throw them around and talk about where BTC is headed on XYZ timeframe.
I've always looked at price predictions as a broad framework to have an idea of where we're headed long-term. That being said, I've never planned my life around price predictions and believed in them enough to move my portfolio around.
To invest in things like Bitcoin, we need to have future price predictions. If you didn't believe in any future price prediction, then what would be the point of investing in BTC?
So my approach is to read a lot of opinions and then form my own assumption for the future price of Bitcoin. I typically land on the conservative side of things but I also like to have a few different targets. For example, a few years back when BTC was sub $3k, I was imagining a day when it would be above $10k - conservative. Then I had dreams of it being $20k+ or even $100k at some point in the next decade.
Those moonshots keep you extremely motivated, but you make plans around the conservative guesses. Your expectations can be outperformed but should never be let down because of outlandish predictions. That's how you stay sane.
Bitcoin Will Be Greater than $110k By the End of 2024
src: https://twitter.com/aridavidpaul/status/1619474488688795648?s=46&t=I1i04BvO7MXASjQZCCrFeg
I saw this Thread on Twitter today and thought it was generally sound. There's some technical and broad fundamental reasoning behind this prediction that BTC will be greater than $110k by the end of 2024.
Wishful thinking will tell us to wholeheartedly believe in this prediction and start buying all of the bitcoin we can at the current price.
Pragmatic thinking will tell us to consider other alternatives. One thing I liked about this thread is that he was intellectually honest:
Be Intellectually Honest With Yourself
Okay I want to see BTC at $110k as much as you do. We all want that to happen. It would be life-changing for pretty much anyone reading this post right now.
That being said, intellectual honesty can keep you out of trouble as an investor. Like I said - have some conservative bets on Bitcoin to coincide with your long-term moonshot bet.
My moonshot bet on Bitcoin has always been to see it at greater than $100k. I will likely never sell a large % of my BTC until that happens.
More conservative bets on Bitcoin tell me that I should expect somewhere in the range of $30-$60k BTC within the next 5 years.
Next 5 Years? I Thought this Was for 2024
The thing that I find funny about price predictions is timing. Everyone adds a time to their prediction but how in the hell is anyone supposed to know wen something will happen?
The ultimate soon in this universe is a price prediction. I never buy into timeframes. I always look at things on a 5, 10 or even 25 year timeframe.
Sure, I'd love to see $110k BTC by the end of 2024. We all would. But I don't see why the end of 2024 has anything special for Bitcoin that the end of 2023 doesn't.
There's no rhyme or reason to the timing of these predictions.
Instead, I look to the horizon. 5 Years from now, Bitcoin will be greater than $110k... That sounds reasonable given the historical performance of Bitcoin.
And now we press on! I keep dollar-cost averaging and stacking more and more BTC on a daily basis. IDC if the price is $16k or $26k. It won't matter 5 years from now when it is >$100k.
About LeoFinance
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage & share micro and long-form content on the blockchain while earning cryptocurrency rewards.
Our mission is to democratize financial knowledge and access with Web3.
Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io
Our Hive Applications
Join Web3: https://leofinance.io/
Microblog on Hive: https://leofinance.io/threads
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
BSC HBD (bHBD): https://wleo.io/hbd-bsc/
BSC HIVE (bHIVE): https://wleo.io/hive-bsc/
Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms
Web3 & DeFi
Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io
Posted Using LeoFinance Beta
@tipu curate
Upvoted 👌 (Mana: 34/44) Liquid rewards.
Bitcoin is so unpredictable it may be at $10K at the end of 2024 😊
Very well could be, if that’s the case I actually would be very happy. Need some more DCA’d cheap bitcoin
Posted Using LeoFinance Beta
No one expected a recovery to happen soon, so I'll pretty much say every prediction is a calculated guess. Although you're right to say that in the next 5 years there's a 100k$ possibility for BTC. The chances are higher. But we can't exactly say for the end of 2023 and 2024.
Posted Using LeoFinance Beta
We’ll have to see! I’m just continuing my DCA strategy in theee uncertain times
Posted Using LeoFinance Beta
I think that's the best thing to do at this period, you are certainly on point.
Bitcoin at $110k would be great and all, but I'll take LEO at $11.0 if you don't mind. Or how about $110? It's a only decimals and commas... #lfg 🙂
Posted Using LeoFinance Beta
LFG
I think $1.1 is 99.9999% doable in the next bull cycle. $11 is definitely on the table if we can hit our MAU targets each quarter
Posted Using LeoFinance Beta
99.9999% caught my attention! 🤣
I believe that by the third quarter of 2023 cryptos and the economy in general should be in decline, but 2024 above I believe that a bull market should come, of course everything is a forecast, because mainly cryptos also depend on how the regulation factor will affect the market.
Thank you!!! Great analysis
!PGM
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
Yeah we’ll have to see how it plays out!
Posted Using LeoFinance Beta
https://twitter.com/1568950632261861376/status/1619748583150059520
The rewards earned on this comment will go directly to the people( @kaibagt ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
Funny how no one thinks the market can do anything in 2023.
Probably exactly why it will happen.
Yeah always play the contrarian side
Posted Using LeoFinance Beta
All very possible if you are in the camp that believes Bitcoin will achieve $1 million one day. I think this is inevitable and this is all part of the journey. Bitcoin at $110K would be great as that would see Hive at an ATH.
Posted Using LeoFinance Beta
Yeah I believe in that long-term. I’m actually a buyer of the gold market cap flippening
Posted Using LeoFinance Beta
Even though thousands seems to give up on recovery when nit comes to it price right now, but I still want to believe that am one of the few who definitely believed that it will definitely get back better soon
Posted Using LeoFinance Beta
Hope so!
Posted Using LeoFinance Beta
5 years projection for that price is realistic. Having a large follower on social media does not make anyone a crypto prophet. How many technical analyses actually hold true?
Posted Using LeoFinance Beta
I’m not sure. I’d guess 95% of all TA is wrong
I believe in fundamental analysis + long-term horizons
Posted Using LeoFinance Beta
Congratulations @khaleelkazi! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts:
Support the HiveBuzz project. Vote for our proposal!
We can't predict the exact figure of the bitcoin peak price but according to charts and history it will be higher than the previous all time high. I can't imagine the price of leo when btc will be on it's peak. ♥
Posted Using LeoFinance Beta
https://twitter.com/4122891434/status/1620002015740043264
The rewards earned on this comment will go directly to the people( @luckyali ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
https://reddit.com/r/CryptoCurrency/comments/10p9khy/bitcoin_will_be_greater_than_110k_by_the_end_of/
The rewards earned on this comment will go directly to the people( @acidyo ) sharing the post on Reddit as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
I only have enough bandwidth to worry about Leo.
Posted Using LeoFinance Beta
I completely agree with the approach of using price predictions as a broad framework and not putting too much emphasis on any one specific prediction. It's important to have a general idea of where the market is headed in the long-term, but it's equally important to be grounded and have a well-thought-out investment strategy based on conservative assumptions. Having multiple targets also allows for flexibility and the ability to adjust your strategy as market conditions change. It's a smart way to stay motivated and avoid disappointment.
Posted Using LeoFinance Beta