Bitcoin can still trade above $100,000 in 2022
Bitcoin topped $68,000 last year, and if you lived through that moment, you'd be left in awe of what the space has become since this time. Even more awesome is the state of things by the time you get to read this article. But that's if you didn't jump to the first paragraph to get to the point where I listed reasons why bitcoin will climb to $150,000 in the next 50 days.
Here's a spoiler, that part doesn't exist. You could still find a few hopium laying around the corners of crypto Twitter. The crypto space is adding to the relevance of Elon Musk’s new playground.
At least, he could have some money to run the ship before the verified users start paying up their $8. Well, this is unrelated but the rocket man recently checked into a Twitter space just to say 'Doge to the moon'!
Even if you don't love Twitter, you'll love Mr. Musk. An absolute gentleman! Don't read that twice.
Away from Twitter and away from the charts, cryptocurrency has taken a bad hit this year, the worse it ever did. Trashed reputation, air-proofed strength. It once looked like a very strong space. If we're considering percentage losses, it's still doing better than the 2017 crash, but that's not a story to tell to anyone who bought the top. Heard Nayib Bukele's bitcoins were stored on FTX. That turned out to be a joke, but what a story it would have been.
Tesla did test bitcoin's liquidity and couldn't move the market with billions of dollars in bitcoin sold. That used to be impressive, guess not anymore, we could drop to zero if anyone tries something similar right now.
If there's any advice that almost went completely wrong in crypto, it's the one that encouraged you to invest in 'blue chips' turns out that are blue rugs. But that's fine, at least we still have NFTs to keep us going. Brilliant FTX investors did demonstrate the best use case for NFT – money laundering. Probably the single-use case that has steered the values in the way we have seen.
Next in line for capitulation? I guess not, that Ronaldo and Binance NFT partnership finally happened. The greatest footballer that ever lived will be dishing out some rare art and footage with the popular exchange. With other exchanges falling apart and Binance standing strong for now, NFTs might just pick steam again, NFA.
But then, what else could go wrong? Bored Apes announces that their monkey pictures are truly valueless and floor prices crash to two decimal point ETH while bitcoin drops below $10, 000. That’s just one zero short of the $100,000 mark. That’s an awful take, even in the words of a crypto Rockstar.
But the drums are still sounding. Thanksgiving is almost here, but things are still looking scary. Halloween got extended. Time to give up on your dreams and face reality. If you bought bitcoin anywhere near the 2021 top, you’re certainly ending the year at a loss. But one bitcoin always equals one bitcoin. A faulty arithmetic, but still works for people who have developed a Micro strategy for cryptocurrency investment.
Anyways, it’s the last quarter of the year and crazy things happen. Shiba Inu at $1 is on the cards as well.
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I tend to imagine what the fate of the people that bought BTC at $68k would be now. Well, in the crypto space, uncertainties are like the normal happenings. Anything can still happen and we might see a major bull before the year runs out. Who can tell?
Nice piece buddy
Hi @samminator
I think that most of those that bought at $68k price level sold it long long time ago. I would not expect that there is many people out there, who entered market at the top and decided to HODL all the way.
I think it will happen for sure but expecting it to happen in 2022 is not easy. Looking at the current market Trend and negative all around I heartily expect the price to cross this mark for Bitcoin..
My opinion this is a bit difficult thing to happen this year but again this is cryptom market and anything can happen so we should be hopeful on this.
Not going to happen, the article said that if you read past the first few lines
smiles. quit playing, even $50k is UN-attainable
You should at least read the article.
the tittle brought me here, lol
@tipu curate 3
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Dear @joelagbo
I would love to be as optimistic as you are buddy. We have only few more weeks till end of the year, FED is still increasing interest rates, level of uncertainty is huge ... and there are many more factors that affect market sentiment in negative way.
It seem to be more propable that BTC will test 10k before end of this year than BTC would get close to 100k.
ps. I like how you compared blue chips to blue rugs hahaha :) good one
Take care of yourself buddy :)
Piotr
Lol, I'm not optimistic. Try reading past the first paragraph.
I actually read entire post. I even mentioned your comparison of blue chips to blue rugs, which was somewhere in the middle of your publication.
:)