Bitcoin Forum

Hello friends, today I will discuss Bitcoin. In fact, the current state of Bitcoin is that since December 2021, the market value of Bitcoin has dropped significantly. Now that Bitcoin's state of market power experts think Bitcoin is going to show its own respect very soon. Many people are asking why I bought this coin as the price is slowly decreasing. Yes it is normal because it is estimated that bitcoin price may cross 30000$ this year. And another advance I can say that those who want to trade should buy bitcoin now if they can, they will see big profit very soon.

I don't see any information about Bitcoin, but you're just telling about your prediction if Bitcoin will cross $30K very soon.

For me you're just same like other members who throwing random numbers and make people believe about their useless prediction. We may see Bitcoin will cross $30K, but I doubt we will see that very soon since I don't see the movement of the market will bullish enough. Reaching $27K is still hard since around 3 months the price just stick around $20K.

I agree with you.  But according to many big traders, the market is likely to go higher soon.

The current state of Bitcoin is that since June 2022, the market value has been steadily rising; from lows of $18k to over $24k

I understood little of the remaining part of your post. But, DYOR, and do not blindly follow the advice or speculations of so-called 'experts' or 'big traders'.

Whether they are experts or big traders, they can only make predictions and nothing is certain here. A wise investment should only be made when we conduct our own research and do not listen to the advice of anyone else.

I am convinced that bitcoin is going to hit $30k and may even reach a new ATH at some point in the future. We cannot pinpoint a specific time for when this will happen, but it will eventually happen.

It's the information that everyone knows though, after we have the bull run in November 2021, reaching a new all time high, sooner or later a bearish cycle will show up. And that's what happen in 2022, getting lower lows of $17,500. The best time to buy bitcoin is yesterday, and the second best time? is today. And you will have to look at the long term to really make profit in bitcoin. A good 2-3 years of investment and buying in the dip will be a good strategy. So we will see if $30k, can be achieved and unlocked at the end of the year, it's not a numbers though, if we didn't hit it, nothing to worry.

Very simple discussion. But it's still very realistic for Bitcoin if it's to hit $30,000 in this year even though I've only seen $25K hit in the last month as well as this month, but for the end of this year or next month it's definitely very possible for Bitcoin to continue to grow and stay in price. $30,000. So there will be no regrets and mistakes if everyone wants to buy more Bitcoin at this time and make profit with it when the price has increased in the market.

You don't have to trust big traders because it's just speculation.
You have to find a reason why the price may rise again later in the long term so that it will make you buy bitcoin while the price is still cheap.
If you want to invest in bitcoin, now is a good time to buy because the price isn't that high and if the price is going down, maybe it's because bitcoin is also suffering from what's happening in the world right now.
But in the future, bitcoin has a chance to go higher than now and will exceed $30k.
So you better find out why you should invest in bitcoin right now.

I don't know who's expert you are referring to, but it's just better to threat those as nothing like an ordinary member here, just making educated guesses.

$30000 or even higher will be a big boost for us since the market is in the bearish trend this year. And hopefully even a $20000 at the end of the year is already a big reassurance that maybe next year is very different.

Lmao all have this information.
All know the capabilities and capacity of Bitcoins. Leave the industry experts, any person who is investing in Bitcoins from a year can tell that the bear market will end soon and Bitcoins will grow.
Nevertheless OP , thanks again for sharing this. Bitcoins are expected to reach 100k usd by the end of this year.
So if anyone hasn’t bought any Bitcoins, then buy it ASAP in these cheap price.
Thank Op later for his value-able information he shared here.

I think some of us who have the experienced already, or at least been enough in the market to experience the bears and bullish cycle knows that sooner or later the barrier that is 6 digit will be broken.

And for the industry experts, they all have their narratives for predicting the price be it $100k or even as high as $500k in 2024-2025. But we need a lot of patience and wait for the natural flow of the market in the next bull run.

The price of bitcoin is now back weakening after previously being above the price of $ 25,000, according to some analysts say if bitcoin is able to hold at the price of $ 25,000 it is possible to rise to the price of $ 28,000 or $ 30,000 , but it seems bitcoin has not been able to break the price resistance above $ 25,000 and make it back bouncing down at this time, but still we can't use other people analysis as a guide in investing at this time.

And if it can't grow and hold at $30k this year, we have nothing to worry about. If bitcoin doesn't hit $30k this year, then next year it will definitely hit $30k. It's just that sooner or later, it's bound to happen.

It's all guesswork and we won't know if bitcoin will go up or down, but at this point if we don't buy bitcoin it will be a mistake because in the long run bitcoin price will always go higher every year.

In cryptocurrency, people will always come up with different predictions but the chance of Bitcoin reaching the $30,000 price is slim and if it does happen then we should expect a new bottom price which will be below $17,708.62.
I don't expect this to happen now until Q4 but let's wait and see the market's future trend since the institution is the major investor in this current market.

I'm glad that there are like you that are not expecting the price of Bitcoin will go in just a short period of time, especially before this year will end.
Avoid listening to those people who got have negative thoughts at all, you bought it because you analyze it and you are believing in it, it's your own opinion.
Your price target for this year is almost the same with me, it's on between $20,000 - $30,000.

The bitcoin market has always been hard to predict, these days we have the economy of most countries with big GDP being very unpredictable too which affects the global economy and bitcoin price indirectly. In a couple of days there are certain things that could make the world could go in two different directions: oil price starting to come down to below $50 or shooting up above $120 and continuing to go higher. Each direction has a significant effect on US+EU economy which in turn could cause panic selling/buying in bitcoin.

I'll wait a little before making predictions though.

With the current correction, I can say that it's really hard to achieve $30k before the year end because the resistance is very strong and there's still no big news to pump Bitcoin enough to break the resistance, we just need to be more patient for now and focus on our own strategy. What ever your prediction with Bitcoin is, you need to focus on that and don't listen to any noise in the market, Bitcoin may fall but eventually it will rise again, it's just a matter of time before we see it pumping again.

Cool that you think and do the way you do, less cool you're confident anyone buying now will see "big profit very soon". We're barely a year out from ATH, and next ATHs don't tend to come along so soon after the previous. I know, I know, past history nothing to do with future performance, but given the present conditions all around the world, would take something beyond optimism to expect "big profit very soon".

It... isn't that simple.

What is simple? Bitcoin a good buy for the long term.

I do not think that people should be coming here and talking about bitcoin like it's anything simple. Bitcoin market, and in general crypto markets are not simple and it’s not easy to understand what’s going to happen. Many people think that way and they are usually wrong.

The only thing we could be certain about bitcoin is that it is volatile and that means tomorrow you can wake up to bitcoin being 20k as much as you can wake up to it being 30k, they are equally possible. This is why never bet your money on short term, because you never know. Long term is easier because inflation and devaluation of dollar means that anything pegged against it will go up, this includes bitcoin, cryptos, gold, stocks and oil, all works well.

30k slim? But why when as of now bitcoin is preparing to break the anticipated 25k and when that happens the rest of the price are now going to be easier to achieve. I believe that btc can reach more than 30k before we end this year but I won't say for now if it will bypass the old ATH.

You shouldn't say that when the price rise a new bottom will be unlocked but the more the chance it will happen only if the price is declining. Currently, we are still in the quarter 3 of the year so maybe there are still declines that will happen but by the time we hit the fourth and final quarter. I expect that declines are now going to be rare. That is for sure.

For the record, Bitcoin has break the anticipated $25K 7days ago and when it claimed the price, what happen? Some dump in price. Why $30K price is slim? There are many reasons but I will one. After Bitfinex pays their customers the recovered BTC we should expect some major sales.

You maybe believe the BTC can easily achieve $30K even after it reaches $26K but it is not that easy and what you're seeing in the market right now is just the effect of ETH's upcoming event.
Meanwhile, this is the time humpback whale, Whales, sharks and dolphins make the most profit through market manipulation.


Maybe but look at the historical price of the Bitcoin market and you'll see that there's always high market manipulation during Q4 of the bear market.

OP's claimed aren't really reliable IMO since no one can accurately predict the Bitcoin price in the future and it's also hard to believe that $30k will be coming soon. As we can see the market price of Bitcoin isn't going anywhere near to $30k unless if there's a FOMO we might as well gonna see a hipe that it will reach to $30k but since we are in a bear market I don't see that price to come any closer yet but maybe after some time or months of waiting perhaps next year we might see that price but Bitcoin is quite unpredictable so I can't tell and no one could tell exactly what the future price of Bitcoin.

The Internet is saturated with information that make it seem as if investing in this market and getting huge profits is one of the easiest things you can do in the world, and this is not true, however most people do not realize this is the case until they become part of this market and see that what they expect out of this market does not happen, and in many cases they get to see the opposite result, that is when they realize that what they have read is a lie, but in many cases this realization only comes once they have already lost a lot of money.

"Experts", yea that, don't use it, it's better to use analyst as a general term for anyone who tries to read the market which btw, also doesn't mean that they're right or wrong, it's just a general term to describe anyone who tries to read the market. I also wouldn't actually trust any willy nilly, try to do your own research just like in any investment.

On Ops comment about $30k, I wouldn't put it past it actually happening, but still DYOR imo, especially around the last 2 months or so.

OP is just a jr member and obviously don’t have good knowledge on technical analysis besides his personal experience and beliefs on trading. You can’t get reliable information on discussion post like this because most user is just posting there opinion especially those low ranks for discussion purposes only.

Probably he just bought or still holding and use this post to encourage other user to buy more to pump price for his investment sake.

actually this is very unimportant information, we know that the price of bitcoin could touch the price of $ 30k and I don't think it is something important information to share, what is important is that we get information when the right time we enter the market to buy it

I would say that Jr Member may not have a great idea about bitcoin, but I do believe it will be 30k soon as well. This of course depends on the understanding of what "soon" means for you, I mean before 2022 ends for example, if you consider before 2022 as soon like me then I agree that we will see 30k before the year ends.

That's not really that hard, sure we had a small drop these days because of some bad news but it's going to be ok and we are going to be fine. That's a personal opinion and yes maybe there are a lot of people who will disagree with me but that's how the speculation is done, you say one thing and I say another and we argue about it.

Many people have different way of predicting the future of cryptocurrency even when the market is bad and also when the market is good. There is one thing I notice when predicting the price of cryptocurrency essentially Bitcoin who do who predict base on what they hear and what they have seen. The wrong people who also played it was it because of what on their own decide to give a wrong  speculation of cryptocurrency

Even those who do not want to trade should be buying now. Bitcoin is not for traders only. In fact, I should say that Bitcoin is more for hodlers than traders. Traders could acquire loss over time. Hodlers don't. They are instead stacking more and more sats as soon as they get hold of some extra money. The good thing with hodlers is that they are kind of error-proof because they're just keeping their coins safe, unlike traders who could do some wrong decisions in their trades.

The presence of social media makes it easier for us to find information, I know Bitcoin from Cryptocurrencies advertisements that advertise on online news sites, at that time there is an ICO offer that receives Bitcoin, Eth, and so on, and now we are easier to get correct information about Cryptocurrencies in various media.

Yeah, perhaps it's just the semantics, traders/investors/speculators. And I do agree, if there are individuals that doesn't want complications then it's better to just buy and hold Bitcoin. But there are people who loves the volatility and all the action that the market can bring to them, maybe they are up almost all the time and watching the price either going up and down and then they will make their move. But as for us, the majority, nothing beats than doing DCA, and simply HODLing for long term. Next stop in the 2024-2025 run and let's see how big Bitcoin price is.

I agree with what you said and this is the reason why I never trust or believe the Bitcoin prediction said by the so-called influencers because they always predict the market price based on their own decision using the current trend of the market instead so checking what is always happen when the market is in bearish or bullish season.
I can boldly say that I am among the people that disagree when BTC was predicted to reach a $100K price after the halving market because I study the market historical price movement and calculate the multiplier BTC usually make after halving and I see that the price is totally impossible.

Actually most of us in the community today knew cryptocurrency and especially bitcoin through the online information.but that should not mislead us to start paying much attention in social media information. So certain things you find online are not genius and some of them is actually pure. But some do basically been depending on the social media information. Which i basically not bid on accepting information concerning cryptocurrency via social media. For me it prohibited.

If you want facts, social media is not a good platform to extract info from.
If you are here in the forum, this is where you get tons of valuable info and insights.
For users who will stumble this forum, they will be grateful that they found this site.
That is, if they want to expand their knowledge about crypto, blockchain tech and all the other topics attached to it.

It is true that the existence of social media and the ease of internet access, makes it easier for us to get any information we want. Including
information about Bitcoin, we can find it on any social media, depending on how deep we dig for information. But the problem is not everyone
likes Bitcoin, that's why a lot of negative information about Bitcoin is circulating on social media which is spread by Bitcoin haters. In the end
we do have to look for information about Bitcoin from a trusted source, only follow influencers on social media with a good track record. In this
world most people only care about themselves, so be careful every information we get, don't easily believe what other people say. Any information
we get must be filtered and digested first, so that we do not become victims of fraud. Because there are so many scams happening in the crypto world,
so we really should be careful when getting information about crypto.

his identity can get a lot of criticism as we cannot predict bitcoin but the good thing to say here is that he has faith in bitcoin to recover and hit $30k, this is an encouraging thing for a jr member like him
his knowledge is not good, he can add and hone over time but his faith in bitcoin is respectable
as long as he buys at this price and trusts enough to hold bitcoin until the bull market comes, he will get the reward he deserves

4 months is still a long way to go and so many exciting events can happen during that time which include the growth of btc price. Last time we almost hit 25k and if that did continue then 26, 27k and so on will going to be easier. Sorry but I am with him. 30k isn't that much and very achievable. There are even some which speculates that we can end the year with a 50k.

Although that one is also small but I have a little doubt with it. I am still more confident with 30k. Yes, we are in a bear market right now, but we can't remain like this forever. A recovery or a bull run won't start when the prices are already high but they need to start at the lows.

Thanks to the Internet it is easy to find information about almost any topic you may be interested in, however there is no guarantee about how accurate the information you are reading really is, so people read information about this market offering them the possibility of making monster profits and they obviously get interested, and while that information is not wrong it hides the fact the amount of people which can actually get those profits is very limited.

Until now I do not see any positive information about bitcoin where since reaching ATH last year the price of bitcoin has continued to experience a very deep price decline until now. Maybe as a long term investor now is a good time to buy bitcoin. However, buying in bulk or putting all the money into buying bitcoins when the price drops is not a wise move if you don't have good technical analysis skills.

bitcoin price is currently at $ 20.5k I think this is the right time to buy it,
especially if you have a lot of capital, then my advice is you go to altcoins and buy as much as possible,
for example DOT, Matic or SOL, because altcoin now down -90% and more, dont miss this opportunity