Bitcoin Forum

BTC goes up to 69,000$ what more can it do? It's over....hmm this is what some are saying to my face, the fact is they are looking at the present situation but crypto market cap isn't even close to that of Real Estate yet, we are growing do not let anyone tell you otherwise, there is still time and there is a lot of room for growth, do not be a sitting duck like many they will FOMO in year's later when people like us are cashing out...

There are many people who will always try to spread negativity about bitcoin in the market but that doesn't have any impact on it's prices and all these dips are temporary because once we see little pumps with money flowing through retail and institutions then the same people are willing to invest at the high rates.

Speaking about only bitcoin then we have already seen $69k approximately as it's ATH near coinbase listing and it's down from many months with prices going down to $18k also but now what's the condition of the market? We are recovering and now there are green graphs again pooping up on the screens so it's long term profit margin associated with bitcoin and if you understand it's technical working and know the importance of decentralisation then you know bitcoin is the financial freedom you can get for future.

At this time the bitcoin market cap is $472.5 Billion dollars after the dump also but real estate market is old age and have well established buisness line but in recent year trends you would see people have preferred bitcoin investment more due to returns associated with them and use as payment mode also.The big institutions are taking part in accepting bitcoin and we have LN channels for fast confirmation with increased capacity each time of bitcoin so it's definitely worth investing in it.

But if i would advise you then avoiding altcoins is good because we see lot of deviations in the top-10 and most of them are pump dump scheme coins giving you nothing but only scamming you of your funds.So sticking with bitcoin is best option but if you plan to hold only for long term as we might see another bull run soon and we are heading towards next halving.

Even if Bitcoin never again reaches those highs of close to $70.000 (which I doubt), it really doesn't affect the network one bit or what Bitcoin represents. It's a trustless way to transfer money quickly and cheaply with no intermediaries. Protect your keys and no one can touch your coins. Stay out of centralized exchanges and similar centralized services, trade P2P or face to face, and you can even remain anonymous. Whether you can do all that at $70k or $20k, doesn't affect Bitcoin's features. But, yeah, we would all rather see it at $70k or why not $700k. :)

Most people only believe in Bitcoin because of the price, well that's a wrong thought.

If you ever learn about Bitcoin and how it's really different with the rest of shitcoins out there, you will know how important Bitcoin is. I can't tell how much Bitcoin should be worth with such high security and use cases, but what I can say is the previous ATH is still cheap or not even close with the real value of Bitcoin. You may laugh with my replies, but the next 10-20 years later, we will see which one will laugh about this.

Only useless ideas go to waste, BItCoin and crypto in general are eye open tech of the future, it's never going to go to waste and those saying nonsense about crypto are set off people that never grows, they are too addicted to the way of the old and they are not open to new ideas at all.

"Bitcoin is a get-rich trojan horse that actually gives you freedom" is a saying I couldn't agree more. I'll, therefore, paraphrase the title and say that: There is still time... to understand it's more than just making you rich.

As for this:
What do you expect to happen? Honestly. Look on a chart, and tell me what you imagine to happen within the next years.

With more adoption rate, the whole crypto market cap surpasses other assets, this is just the beginning because crypto is still one of the tinniest investments when it comes to adoption rate.

People are constantly going to rush into buying bitcoin out of the fear of missing out, because they make their decision only by looking at the current price and not the network, neither do they sit on their couch and study what has happened in the past with bitcoin to understand the network a little bit and make their choices out of research and not the skewed reasoning of generating money quickly.

Needless to say that buy low, and sell high is great with bitcoin, but as great as it is, people won't do it, when low they'll not buy at all, when it is rising high...they rush and start buying, that is a mixture of dearth of knowledge and fomo.

Why are you even comparing bitcoin the marketcap of real estate? Definitely not saying that it's impossible for BTC to overtake it, but it's a nonsense comparison. Like comparing the marketcap of copper to Apple stock.

I guess every big empires today and big businesses starts from somewhere too? The point makes sense to me, crypto market cap can worth more in trillions of dollars in future.

What are you actually cashing out on? Don’t get me wrong but I think it’s this type of presentations about Crypto-currency that get non-crypto enthusiast to have a wrong start. Are you looking for ways to cash out yes their a tons of opportunities outside Crypto-currency for that, this should not be the main idea to making you a crypto enthusiast, people has gone sick investing and losing in the wrong coin because they thought it’s all rosey here. Make a real presentation about Crypto-currency it’s advantages over traditional processes and also the gains of investing and the agony of not investing wisely.

Well, in general, this is exactly so, but with some reservations. Intermediaries will appear one way or another at the stage of converting btc to $$$. And at this moment, "cheapness" will acquire some noticeable cost. You can, of course, look for an exchange of face to face, but where is the guarantee that this will not end in a robbery at the time of the transaction. So, all the same, for some actions it is better to have intermediaries that are trusted, well-known and with a reliable reputation that do not require excessive identification and verification.


A lot more. After all, it has already gone from $0 to ~$70.000 in a little over 10 years. I don't think that further growth will be as rapid, but it will still please bitcoin holders. 700k $, which Pmalek spoke about above, would be too good, but in a very, very distant future, it is also quite realistic. Not in the next 10 or 20 years, but much later.

Correct, we havent seen anything yet! the big boys have yet to enter the scene but it wont
be long before they do.

https://beincrypto.com/price-prediction-bitcoin-773000/



Yes, so many people need "proof" that Bitcoin is going to do what they read about. There
will always be those who buy in at the top and sell at the bottom.

A dog that barks doesn't bit. A serious dog should be able to bit immediately it senses danger, rather than barking to scare the danger. A dog that bits without barking is a wicked dog, it should be able to bark in order to alert his owners before bitting. Anyone bitten by dog should die, and if anyone survives dog big, it means that the dog is not from Canidae (dogs) family. A dog is not supposed to bit his best friend (man).
This is exactly the case of bitcoin. While many says it won't reach an ATH of about $70k again, now I am seeing another dumb argument that if it reaches $70k, it means that btc is dead

Well, I am no longer bothered because bitcoin has passed this stage of baseless speculations. Some people are into bitcoin because of the security, some because of liberty, perhaps some kind of privacy, others because of price movement. And then, there is no day that everyone would lose interest spontaneously to collapse bitcoin.
Remember, as you are praying for bull to make profits, some are praying for bear to buy and buy while some will never sell whether it is bear or bull. You see? Bitcoin is not joking, it's staying for long.

Not only is there still time, we are actually still early adopters even at this point. The room for growth in Bitcoin's price is still huge. I don't think $69,000 was already the top, not at this phase in Bitcoin's growth. That 6-digit price is just a matter of when. So whether you are comparing Bitcoin to itself or with precious metals or stocks or real estate, the growth potential of its price is obviously massive.

You are right, there are many things that can still be exploited with bitcoin that may not be possible at this time. As a decentralized currency, bitcoin is still in the early stages of becoming the choice of most people in the future in daily transactions. We expect higher price potential and volatility, but if more adoption occurs then we expect better stability.

OP, There is always time to buy bitcoin as long as you are sure you want to own and buy it. Hold or day trading is an option you may or may not agree to, but basically you can buy bitcoin at any time as they are traded 24 hours for 7 days on local and international exchanges. We can not always expect high prices that bring big profits for traders or investors, sometimes we can also think of the network and its function as a means of payment.

This is a wrong comparison. For starters the "crypto" market capitalization is fake simply because you can create a shitcoin/token out of thin air without virtually any cost and sell 1 of it for whatever value you like and have trillions of dollars of market cap added to the total. Which is why token market does.

Secondly there is no reason to even make such a comparison to begin with since there is no relationship or even similarity between the cryptocurrency market and the real estate market. If anything you should compare bitcoin market cap with total monetary supply and compare the altcoin market cap with the penny stocks market size.

That's not the point. Having personal opinions on what bitcoin's marketcap should be isn't bad, but having very unrelated mcap comparisons is dumb. Bitcoin is a currency/SoV, while real estate is a physical asset that people buy/rent to live in or to do business operations with or other stuff. Very unrelated.

Yes there is time for everything on Earth, time to loss and time to gain. This prediction of 69,000$ is possible but remember the bear Market is slower than the bull market so before bitcoin will climb to that level again probably it might enter next year. For prediction from others and even me bitcoin will pass $69,000.

Concerning marketcap and real estate. Real estate and Marketcap are two different things, though I do no know in which context you are bring these two concepts for the comparison. Are you trying to say that crypto market cap is far below than real estate? Estate is a physical structure that people rent to live in while Market cap is also known as Market capitalization which is meant for calculation of the Crypto Currency prices.

What is there to rush about? The bear market is just getting started anyways, we are at 24k+ per BTC and we will go down to 18k again, we will be in this range for a long period of time to buying opportunity is going to stay around for quite some time, no need to rush.

Those with the attitude of False Evidence Appearing Real will always find a companion in their FEARs so they could give succour to each other. Cast fears away and do what others are doing, they don't have two heads for them to be doing what they're doing.

I hate it when someone tries to create fear in me instead of encouraging me in whatever may seem uncertain at the beginning. Today the market may be discouraging but it's not always going to stagnate or go below for long.

For years, people have been hearing stories about being too late to buy or sell bitcoin. This has been talked about every year for the last 10 years and every time the story has been proven wrong.
Honestly, I advise you not to pay attention to the stories of others, but to make your own investment plan in bitcoin and other cryptocurrencies, according to your capabilities, and determine a clear exit strategy for yourself and that's it.  ;D
OP is right, for anyone who is not in a hurry but has a long term plan and strategy, bitcoin is still a great investment opportunity, accessible to all ordinary citizens.
Take the opportunity, it's not too late.

If you ask what else bitcoin can do, I will tell you and us that bitcoin will surprise you with higher gains than just $69k. But wait, you need to wait for that moment to come and it will surely come back. The crypto market is different from Real Estate or even the stock market, so don't compare them. The crypto market is growing over time and attracting more and more investors into it.

I really pity those who are short-sighted and choose to consider the current situation as the beginning of the end for bitcoins. I'm be optimistic about the growth of bitcoins and all I can say is that time will tell. If you happen to come across individuals who are very rigid in their opinions regardless of the facts in front of them I advise you not to waste your sweat or stress much about convincing them so you do not begin to doubt and second-guess your opinions and decision to stick with bitcoin, usually time always tells.

Before the price of BTC reach a new ATH, the question is already asked many times if it's too late to be in crypto and years later it reach a new ATH. I would agree that there is still time even though the price is less than the ath. If you decide to owm crypto then it's not about the price alone but to find a way to earn profit like trading, hodl, service and using your skills to get paid (a gambling site designer and more).

You analyze with so much authority as if you are the owner of the bitcoin and bitcoin market. What I understand in this crypto is that nothing is too possible and nothing is too impossible. First I was thinking that witj the volume of bitcoin in the market that it can no longer fall down to 20k but see us today struggling in 20k. Bitcoin can still make 70k this year if it wants to make it. So I do not fix my mind to one particular thing that will happen because anything can happen in this crypto market.
But I know that there will always be a buying opportunity in the market.

I am often asked by people if I think the bitcoin market will go up. My answer is always, "I don't know." The truth is that I don't know. It is not a prediction. It is an honest statement of how little I know about the future (do you? please share).

Holding too long means you won't be able to take advantage of the next swing up, and selling too early means you won't be able to take advantage of more gains down the road. Understanding market cycles and finding the best possible entry point before a massive wave is one of the most important skills that any investor can have. Of course this is crypto, with peaks and valleys here, so make your decisions wisely.

There is still a time and chance for Bitcoin to reach higher ATH again. Actually, we don't need any proof, because so far, Bitcoin has proven itself that BTC is a very promising investment and also the best cryptocurrency. However, we also cannot deny that many people also hate Bitcoin and always spread the FUD or negative news about Bitcoin, moreover during this bearish era, they will really struggle to make Bitcoin down again. But, as long as we have trusted Bitcoin and it will not distrub us to beleive that Bitcoin can hit its ATH and create the new one again.

Indeed, many people are blind not to see the opportunity of investing in Bitcoin. What they just see is all negative, high risk, and scam. We have nothing to deal with these people but have just let them think about what they have seen because I know that someday they will ask us HOW and realized that they are wrong.

Not too late to change I guess but they already have lost a lot of time while wasting nonsense stuffs and negative talks.

To be fair we all know that bitcoin is going to go up but we just don't know when or by how much in what time frame. There is no reason for it not to.
- Bitcoin's adoption is still growing which means increasing demand
- Bitcoin has a capped supply which makes it deflationary
- Bitcoin offers a lot of useful utilities that people are always going to want to use which means most of that adoption is real and not temporary weak hands that would run away
- Many countries are just starting to adopt bitcoin as a currency or legal tender
- Fiat is inflationary since it has no cap and they keep printing it and bitcoin price is measured against it
All of these main reasons mean the rise is highly likely to the point that you could consider it guaranteed.

Bruh, as a person i don't feel that people who will enter the bitcoin network now and in the future are late, bitcoin adoption is continuous, and that is to say new people will always enter the network, and they can't even be late, because the network works in the same way as it has always been, probably there may even have been new improvements and the better, for example LN wasn't there are the beginning, but new adopters can use this second layer method as soon as they join. For speculating to make profit you may say early adopters have had a more fruitful time, but bitcoin is still growing and even new adopters willing to wait in the network for long will take returns as well.

I love that part in quotes and that's true. Crypto market is still growing when you run a comparative analysis on it vis-à-vis the Forex and stock markets. Crypto is the new in money and it's barely $2 trillion at the moment whereas the Forex trading market is over $5 trillion. So, even after a decade down the line of its discovery I still see cryptos in its early stage. The downside of it now ( that's the dips)  may scare feeble minds who don't look at the bigger picture or those who once looked at it when it was in the bull rally but only get skeptical whenever it dips. This sect of people are likely going to miss out.

I don't need to emphasize this reality, but anyone who is in crypto now did not just jump in. I believe certain thoughts must have been conceptualized over time, hence, the action to own some.
There is still time for those weighing their options. Bitcoin has been profitable nonetheless so far I have seen and it is getting even better. It is wise however to not forget the frailty of each passing moment.

If you are a person who sees potential with the bitcoin and the cryptocurrency itself there's still time to accumulate some of the coins now we are growing into the world of web 3 which is adapting with the blockchain technology, but still if you want to be part of it make sure you have the full potential of the capability to make an adaptation such as with the fundamental knowledge how does it works to make sure yourself are safe with the crypto space.

That's true, but I think the market has grown so accustomed to all the hyperbole, especially from professional writers, that it has created what I'd call a bubble perception among the general population. I'm not saying everyone is buying into this speculator mentality, but the market is so frothy and euphoric that many people will ignore the fundamentals and just go along with the excitement. That's what I see going on in some of the social media feeds on both sides of the bitcoin debate.

Most of the people that are saying what else bitcon can do don't understand what bitcon is all about, they think the price will just keep on going up without correction or dump, some of those people saying what else can bitcoin do are the once against bitcoin and they think Bitcoin will soon die. I believe we have not seen anything yet, because I believe bitcoin price still very low, even as at $69k, I believe bitcoin price is still low and bitcoin will suprise most of us in the future. Those people saying what else can bitcoin do will regret why they didn't buy bitcoin now.

We don't know where the price of Bitcoin will go next, but it is true that $69k was probably not the end. Bitcoin will probably surprise us many more times and we will see much higher prices in the future. The important thing is that we all try our best to be aware of what's going on in the market because we don't want to miss out on any opportunities! Bitcoin has already proven itself as a good asset to invest in, its potential for growth is tremendous, and so even if you put in just a little bit of money, you could still potentially make a lot. Just don't forget that the market can be risky too; never get so carried away with your investments that you forget about the importance of not losing money!

You dont need to rush or have the mindset that cryptocurrency will be ending soon, cryptocurrency is the new money of the modern world and it has come to stay. It is a currency for everyone and for everyone to invest in it whenever the opportunity comes, theirs still time for you in cryptocurrency.

I hope someone would think twice before coming to this market since the risk is quite high unlike to any other investment. We may have enough time but for those who are new to the market don't know about this but luckily it's not too late to enter the crypto market. They just have to be ready for the risk and what's worse will come when investing in crypto currency.

Unlike for us who are in this market for long time, we knew how the market would work and it's a good experience if newbies would feel that too.

Cryptocurrency for the majority continues to be something new and incomprehensible. Those who are not ready to analyze, think, and, let's be honest, take risks to some extent, will never believe in the reality of investing in cryptocurrency. However, it has already become part of the economy, and I think it will not disappear. So yes, it's still time.

Definitely  crypto market isn't close to the real estate market. Crypto is still a very growing industry which really needs to be tapped in massively rather than sit back today and FOMO tomorrow or have great regrets of missing out from now when you were supposed to ride with the trends. I'm still very new here but I love what I'm seeing.
I have witnessed the dark side of crypto when I lost over $2000 when it was about a million plus in naira and then I almost lost my life because I felt so hopeless.

Crypto market, which so many people think is a get rich quick scheme just as I did isn't, which I learnt in a very hard and regretful way.
Crypto should be treated as a business and not just a game of gambling. Most times people go into crypto with speculations of predicting the market without proper analysis which is totally wrong as the price movement of crypto can only be analysized after a proper study of the market charts.

There is no wrong time to begin a crypto journey as beginning isn't the core but getting all the necessary knowledge and rudiments before diving into the financial  market is.