Any analysis of Bitcoin increment without a cogent reason and source is not reliable, bitcoin can get increase if it have much demand, someone can make the correction of bitcoin by investing money and with that bitcoin can be increase in the market. So i don't believe on exaggeration, assumptions and prediction, because i believe on my personal theory, in bitcoin
But, even if the predictors came up with their own source I think there's still no guarantee's that it will came into reality. The demand in btc is still there and will continue the longer we go so $69k is pretty possible but I don't think it will take us 4 years to get there. A correction is when the price falls by some percent. It's not easy for some average guy to correct the price of btc but that job is being done by the whales due to their power. We know when the prediction is exaggerated so we won't likely believe on it but it's possible for us to believe in some predictions which are realistic because our predictions are also similar or close to that. Theirs no prediction of Bitcoin that have fifty five percent (%55) assured, because everyone is exaggerating, so you can wake from sleep now and the price of Bitcoin changes, so it's possible that the price acceleration is not dependable by us, or our prediction, because from my understanding of cryptocurrency and especially bitcoin price, we don't have to make over emphasis of the price. If the demand of bitcoins is higher by the supply, it will surprise you that the price can reach five hundred ($500) within short space of time. |
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Looks like BTC started pumping today, but didn't last long, my estimate is around 17 hours, but now Bitcoin is dropping again. I'm not so sure Bitcoin price will reach $40k by the end of the year. Because this is not the time to pump. Maybe Bitcoin will be pumpable for $25k by the end of the year. According to my estimate, BTC is back at the pump next April.
If bitcoin wants to recover it can do that within some interval, because expecting it to recover fully in market by the ending if the year, it's under probability, like the way it's right now. Some speculations has been made before now by the some of the traders who comes with their own ideology in bitcoin trading that bitcoin is directly or going to rise in August and august has passed and their is no full recovery of Bitcoin, so their is no specific price bitcoin can ascertain we can't embrace. |
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The scenario from my perspective is that Bitcoin does not have bottom, at any point in time of Bitcoin falling it's the exact point of it's bottom, because, the bottom might come Three times before the year might run to the end, i believe that waiting for the before we can purchase bitcoins it's a wrong conception from my understanding of the market nature. If you want to buy Bitcoin don't listen to the news bottom, because waiting for the bottom, bitcoin can accelerate without a delay
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I don't believe that Bitcoin will be worth $68,000 but $500,000 in a decade is totally possible. I see it more as a store of value similar to Gold and Silver. As we approach the law of diminishing returns in terms of Bitcoin mining, we may need to add some other goodies to the blockchain. Although it's hard to see how this will turn out when Bitcoin is famous for its immutability. With that said, I am still bullish on Bitcoin over the long term as it has shown incredible resilience in the face of adversity and I am confident that the community will find the best way to overcome some of these barriers and bring in more people. Let's prepare for this crypto revolution.
Do you know that Bitcoin government does not have influence on bitcoin and secondly, bitcoin technology and adoption is still going on, i believe that if bitcoin survive this 2022 bearish season, it will be of surprise how the increment is going to take place in 2023, because i understand that the more the Bitcoin is running to any year the More people and investors is going to queue up to its investment, so therefore i believe that theirs every possibility that leads bitcoin to such price, if more investors comes in. |
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The size is of course different, if the current price of around $ 19700 is of course DIP, and if we don't buy immediately then we will regret it, I'm sure the price will reach at least $ 22k, because the Bitcoin trend since the last 4 months is in the $ 18k range up to $ 24k.
Within this period you can purchase Bitcoin and hold if it's someone that wants to hold for long term, but since the price is moving up and down we don't have to purchase because of long term holding, since the price don't want be above twenty five thousand (25k). The thinks that the best option is buy and hold and when it increases you sell and your Profit, because holding for long time can make you lose because the decrement of Bitcoin right now is higher than the increment, because of the lesser demand |
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For some months, cryptocurrency is in a down falling trend which is the main cause.
Theirs no person can proper account while Bitcoin price is extremely down this year, because it's not what you see or what you can frame base on personal understanding while the price is down, actually in a normal circumstances bitcoin price going down 24hrs is determine by the demands and supply, and since this year bitcoin never experienced a valuable price, so indirectly, and it's my personal suggestion bitcoin price falling without have a good resurrection might as crisis those countries in crisis. |
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and sees the price had bumped into the resistance and now we are going back again below 20k.This is what make things truly unpredictable on which there's no way that we could
really predict precisely on where prices could go. I'm in same opinion with you, it's very obvious that the price of Bitcoin is unpredictable and in my comments it's what i preached concerning Bitcoin regulations in price, everyone who knows bitcoin is aware that that the price of Bitcoin always not stable and it's rotational, so it do fluctuates and it's the reason we can't have a specific price quote. |
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Perhaps, it could be that I do more of trading than buying and hodling. Monthly candle close appeals more to investors than to traders.
That's while we have to scrutinized and know the aspect we are good at, because of lost. But from my observation and perspective towards trading, i note that trading has more of risk factor than purchasing any cryptocurrency and hold. Because the risk in trading involve a mistake and each of the mistake can take away all the funds you generate for one year, so it's very better to purchase and hold and if the market is not encouraging you can convert to stable coin. |
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In the end, there will still be a profit, but those who bought at a price of 40k and above have regret, because they could buy now at a lower price. On the other hand, it is easy to do in theory, but it is more difficult to implement it in practice. No one could know at that moment how low the price would fall, or if it would fall at all. What if the price continued to rise and up to 100k?
This is always difficult, so now all that remains is to hold and, if possible, buy bitcoin now to average the price.
All this are assumptions, whoever that's wants to go into bitcoin investment should go directly and purchase, because having the mindset of buying when the Bitcoin is low is the best time to make profit, yes. In actual sense it's true, but if you purchase when the price is like at sixty thousand (60k) or when the price is in forty thousand (40k) you will still make profit if we venture into bullish season. Most of our analysis is full of assumptions. |
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Nothing is happening in crypto that hasn't happened before, 2018 was worst than this. There's always room for a retest, there's bear and bull season. Everything has its season, we just got to be wise about it all.
i agree with you because nothing that has happened in Bitcoin that have not happened since the introduction of bitcoin, everything that's happening now that demands for people making sounds hate speech that bitcoin is rising and falling, it's the nature of the technology that is behind bitcoin. |
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Any analysis of Bitcoin increment without a cogent reason and source is not reliable, bitcoin can get increase if it have much demand, someone can make the correction of bitcoin by investing money and with that bitcoin can be increase in the market. So i don't believe on exaggeration, assumptions and prediction, because i believe on my personal theory, in bitcoin
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Bitcoin price must be above $18k in the closing candle of this september, because the condition for continued bullishness must be above $18k,
if not, of course there is a big magnet below $17k, one of the prices that many traders have predicted is at the price of $10k,
Of course it's very scary if this happens, especially if it's under $10k, I don't know what altcoins will be.
Their is some people who analyze the future of bitcoin, and when looking at it you see that some people give fake analysis of Bitcoin, some bitcoin can only get accelerate when the demands is higher than the supply, making a gesture that the price will experience a bullish December, i think it's bad. Because i believe that increase when the market is full of demands. |
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Bitcoin information has been circulates to every country and i believe that the information of will reach to the grassroot, and the only possible way Bitcoin can reach to the grassroots is through passing the information to young adults, this is the best method someone can impact the knowledge of bitcoin to the pupil and to adults, many nations localities is now knowing what's Bitcoin is all about.
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Some times it's good if you make a caution and it go contrary to the body of the sentence, what i believe is that, what causes the mistake of newbies in cryptocurrency investment is determined by the ability or inability of the the newbies to study every possibility that will lead to comprehend the risks behind bitcoin. Because some of the newbies is not interested to learn. I was supposed to react to this through the body composition of your texts, but i picked your caution to respond and it's best know to me.
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They are things to be learn before venturing into bitcoin investment, the necessary things is the conditions that's attached to secure it's secret, and to the nature of investment we should venture into. The aspect of joining the forum, i have seen that now forum has turned to family thing, many people who register currently in the forum did not research for it. What they did is linkup, to pass the information of the forum to one another, and that brings so many of relevance discussion and mismanagement of Bitcoin investment and not knowing some of the factor that is behind bitcoin investment.
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Let us try to comprehend these from my own perspective, stability is more of centralization and directly related to fiat currency, while decentralization is more related to Bitcoin and it's value does not remain constant. And to frankly speaking Bitcoin is been programmed to not be stable, if you have examine the regulations of bitcoin from the past years, it's clear that Bitcoin is not stable and it can't be stable.
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A good advice from me, if you want to venture in crypto I would suggest you to invest in bitcoin or ETH, BNB thereabouts than newly bith projects, most of them are not real they are only here to madeaway with your little saved funds to enriched their selves instead.. I could get you some previous projects that has good prospect but after a panicked dip they never showed up again and that was their ends.
Actually investing in cryptocurrency needs more observation before the investment can take place, so that mistake will not take place. Actually the coins that have enough potentiality is Bitcoin, and the future and adoption of bitcoin supercedes the future of any other cryptocurrency from my observation. So during investment as newbies the coin that suits for investment as a fresher to invest on is bitcoin and seconded by Ethereum, so any other coin future is not assured through by experience over cryptocurrency investment. |
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Why are many governments not regulating cryptocurrency?
Government regulation of cryptocurrency has never be much effective indecencies that bitcoin regulations is not dependable by the government. Actually from my perception government just have a limited control over cryptocurrency and that can be occur one specific directions which is a specific country, and it's not something we can generalize. Because I knew that government don't have much influence in cryptocurrency regulations, and assume that they can regulate cryptocurrency they would manipulate the values of cryptocurrency by now. |
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I have Bitcoin and Ethererum and a few other top 20 cryptos but looking at adding a few micro cap altcoins in the hope one or two 100x or more over the next few years.
We have many altcoins that have good potentials, but the issue is that to be able to search the one that is good, because investment of altcoins does not require the involvement mistake via investment. So therefore it's very good to make research before adventuring into investment either via long term investment or short term investment, because so many of the top twenty (20) altcoins are good for long term investment and short term investment, but we have to scrutinized very well before performing any investment |
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I read online that A US court have ordered USDT owner Tether to disclose the reserves backing its stable coin, this is the largest Stable coin in crypto space presently and this doesn't sound like a good news to me, is this the great crypto collapse in play or I am just think way too much? This freaks me out.
This news have not circulates. And i believe that this information should be place on examination. Because if this information is vital many people would have dispense the information by now. And op, for you to make information authentic you have to include the the source of the information to make it more reliable to the listener and also the readers as well. |
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