What Will Bitcoin's Price Look Like This January?

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falcon_satFull Member
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#1Dec 14, 2024, 03:17 AM
Let's get into what Polymarket is predicting for Bitcoin prices this January. Looks like most bets are around $110k-$120k. What do you all think?
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ryan23Hero Member
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#2Dec 14, 2024, 07:44 AM
That prediction kinda makes sense given the current price action. With only about 12 days left in the month, I doubt we’ll see a massive spike unless some major news drops. And honestly, I can't think of anything big on the horizon. Since Trump's win, the pumps haven't been crazy at all.
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shard_2013Full Member
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#3Dec 14, 2024, 12:20 PM
Yeah, I was thinking the same. If I had to guess a month ago, I'd also put it between $110k and $120k. But honestly, if we don't break above $110k this month, I'd be pretty shocked.
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chris.sigmaFull Member
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#4Dec 14, 2024, 03:47 PM
Has anyone here actually used Polymarket? I haven’t, but I did try some other decentralized betting sites. I’m curious about the odds. Like, if I bet $100 on Bitcoin hitting $200k (1%), what are the odds?
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#5Dec 14, 2024, 10:07 PM
So, if you're betting $115k, that’s like betting on $110k, right? I still don’t fully get how the betting works. Is it only for predicting January’s price, or what? If I hit $110k, I win and can bet again at $120k?
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dan_satNewbie
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#6Dec 17, 2024, 09:21 AM
The odds right now are at 50.90. So, your potential payout would be around $5,090 if you land that bet.
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chris.sigmaFull Member
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#7Dec 19, 2024, 03:46 AM
Wow, that's some serious odds. Feels like a fun gamble, kinda like betting on sports. I'm tempted to check out that site and see if they have better odds than regular bookies. Do they even do sports betting?
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fewunderstandLegendary
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#8Dec 19, 2024, 07:54 AM
Yep, Polymarket covers a ton of stuff, not just sports. Anything you can think of, they got it. Sports like NBA, NFL, UFC, you name it. And yeah, those odds are 50x, but remember, it’s a long shot.
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dan51Senior Member
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#9Dec 19, 2024, 12:44 PM
I kinda thought I wandered into a betting forum for a sec. You’re not just guessing when you bet; you’re looking at probabilities, right? But it feels like you're basically tossing your money around.
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#10Dec 19, 2024, 02:06 PM
Seems like the bettors on Polymarket have a good grip on the Bitcoin price. We just hit $109k, and I wouldn’t be surprised if we could push it to $120k in the next 10 days.
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cipher51Full Member
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#11Dec 20, 2024, 05:39 PM
That’s interesting. I’d prefer $90k-$100k, but they don’t have those ranges. I’ll stick with $110k for now. Regulation news under the Trump administration could really shake things up.
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#12Dec 20, 2024, 11:27 PM
For this month, I'm thinking 110k or maybe 115k if I’m feeling hopeful. We seem pretty stable after hitting 109k. I doubt we'll see another massive jump, probably just a slow climb up.
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grimnodeSenior Member
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#13Dec 21, 2024, 02:13 AM
We still have time, though. We hit $109,000, but it might dip to $107,000. Investors can be unpredictable. Just one good piece of news could send prices soaring again, especially with Trump in the White House.
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GigaGuruNewbie
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#14Dec 21, 2024, 03:33 AM
It’s likely the closest bets will win. But with Trump not mentioning Bitcoin in his speech, it makes me wonder. What if we don’t hit $110k? Does the closest bet just get the win?
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falcon_satFull Member
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#15Dec 21, 2024, 05:19 AM
We’ve been hovering below what many expected. Current price is around $102k, but who knows if some players will pump it back up to $110k. Let’s see if Polymarket has any real influence.
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#16Dec 21, 2024, 11:02 AM
I think it’s about the average price for the month. If Bitcoin hits 200k for a minute, that doesn’t count, right? I seem to recall details about how they calculate the predictions.
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#17Dec 21, 2024, 04:01 PM
Seems like those betting around $110k will probably win, with the charts moving in that direction. Hitting $120k this month seems possible, but I doubt we’ll see another all-time high.
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kevin_atlasFull Member
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#18Dec 22, 2024, 10:38 PM
Could be the average price that matters. If BTC hits 200k for just a moment, that wouldn't be reliable data. The peak price might not matter as much as the overall trend.
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#19Dec 23, 2024, 03:13 AM
Considering how unpredictable BTC’s been, I think it’s time for some sentiment polls. They could help us gauge the mood as we approach the end of the month.
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shrimpNewbie
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#20Dec 23, 2024, 06:02 AM
You should definitely do that! I think others might be doing sentiment polls too. Market's all over the place, just like last year. It’s hard to say if we’re in a bull run or not with prices around $102k.
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