Seems a realistic prediction.
2017 : $19,900
2021 : above $60,000
Tripled the 2017 ATH.
Now, If we're to calculate the same for the next 4 year cycle.
It could be around $180,000.
$240,000 is still a realistic prediction for me because Bitcoin price tends to surpass our prediction/expectations.
There's no wrong prediction anyway.
Hopefully that will be the case for bitcoin in the next 4 years because I am a lazy person and I believe that if there's a pattern behind it, then I just need another proof to believe that there really is a pattern that makes the prices predictable. I disagree with your idea that there's no wrong prediction though, because I believe that a prediction is wrong until it's proven right so kind of like the other way around than what you claim. |
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There is no such thing as "too late" when it comes to investing into Bitcoin. People say that they really regret for not investing into it many years ago. But they can still invest into Bitcoin for a long term. Nothing has changed. It was not the only chance to get rich or make a great deal of profit. If you become patient, you can get what you want in the future.
Exactly, the only time that you have to worry is that you didn't invest in the end which ends up with you regretting your decisions not to invest because you have doubts if you will be losing your investment, in my opinion, it only takes one leap of faith to see what's going to happen next. |
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Too many factors to consider. However, you could probably make a few assumptions, but without the data there would be no way of doing it accurately. It could be for fear of missing out, and therefore the pump is longer, and therefore the percentage is due to more people trying to invest. You're right, I was just a bit surprised at that time because the number was exactly 30,000 so I never considered that it was an assumption or anything like that. I guess we will never know exactly until an extensive and precise study and analysis is done. |
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People are selling for profit or when they need money badly, there are millions of holders and each of them has reasons of their own, if they are selling then let them be, we cannot stop people from selling and we don't care what are these reasons, I sometimes sell but it is when I am already on profit and I badly needed money, it's something we have no control.
Agree, let them have their way, they are the reason why the market is still active, there are people who sell and those who buy. That's what my mentor told me in terms of investing, don't wait for too long but you also have to take some profit from time to time. |
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I definitely feel bitcoin is on track to land at $10,000 at the end of this year. It's a long overdue correction after the price manipulation of one twit on twitter.
Years' end will be the time to buy with a view to medium term (five to ten years) HODLing of Bitcoin as an investment.
I hope that your feeling is somewhat right because I want to buy some bitcoin at a really low price and I have a lot that is on hodl so an addition of bitcoin being bought is probably the right call. |
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Despite the bad condition of the market in terms of prices now, Bitcoin continues to be known and used by more people every day. This is one of the good things that can help Bitcoin adoption go on quicker than ever. Whatever governments do to prevent Bitcoin, it won't be enough to stop Bitcoin from now on.
I think that if one government is angry and determined enough, I think that they will be able to do some damage to the market, look at what China has done to the market. |
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To lose literally all of your investment into Bitcoin, the price must go down to zero. And it is near impossible thing to observe. But it is quite possible to be in big loss due to the continuous decline in the market now. If you are a HODLer it's not so big deal though.
That's the theory of losing your investment all the way to zero but I guess that's still impossible unless OP is doing futures where the risk is much higher and can clean your portfolio in one mistake or wrong movement in the market. |
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The current decline is actually not surprising since bitcoin got off a hot start from 2020 while the rest of the world struggled to find something during the onset of the pandemic. It lasted for a good while, and we all know that what comes up must come down and that’s exactly what’s happening. The resistance @ $29k is pretty solid, as it was tested a few days back and it held on like a champ. A sideways market, IMO, is to be expected with all these news re: China’s recent actions on miners lingering the scene.
Hopefully the resistance at 29k will stay strong for a long time because a lot of FUD will definitely feast on the market if it breaks and goes down yet again. With all the things that you said though, there seems to me not a lot of long-term effects that is causing the decline in the market so, I think that I can still probably sleep well. |
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What week are they talking about? Bitcoin is still on the good numbers of 38k this week and no sign to me that it will go down anytime soon. Also, this FUD slingers just wants to feed off the fears that they can get by spreading bad news so ignoring them is the best thing to do.
Sure as hell that this isn't the week that they are talking about too but if the prices are going to that point, I am pretty sure that they will take the credit for it even though they predicted that it will at a wrong time. |
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It is natural for anyone to panic when they see the price drop sharply, because the person is losing money. there is no way for a person to remain indifferent by a big price drop, May had that price drop that dropped to $30,000 in a short time, anyone would be scared by the sight of those candles. It is undeniable that in this cryptocurrency market the danger of losing a lot of money quickly is something very big. If you think about it, the price just dropped but if you didn't sell, you can still get back your money if you wait long enough to breakeven, as long as you don't sell, you don't lose money. I agree that some might get scared when there is a sharp drop but we always have to be calm, collected and chill when we are doing decisions. |
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In last 24 hours trading history said something similar, up more than $4K after getting under $29K range. Bitcoin will not surrender early, however we need to master to stay safe. Bitcoin market is so much volatile at the present time, dead bounce normal. Bitcoin now at major support level and it should hold to confirm further move. As always play safe.
It looks worse this time of the year because there are a lot of newbies out there that haven't experienced something far worse than the current volatility of the market and so they overreact over things that aren't remotely scary, it's good to play safe but we have to understand that we have to control our emotions and stop being such a whiny bitch, calm your nerves to think what to do next. |
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Is the latest bottom price exactly 30,000 USD? That's a rare thing to happen if I may say. One thing I noticed is that the longer the correction day is, the higher the correction percentage is, I am not knowledgeable about that so hopefully some can explain why is that happening?
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Competition is needed for business. I learn about it in university, I learning business management now. Competitors are respect each other, although they fight to get market share but actually they don't hate each other. I think since bitcoin is become popular now bank service is getting better unlike in the past. I personally feel that bank is faster in term of local transactions now but it still can't beat bitcoin in term of international transactions and deflation.
Money isn't business though so I think that they are a bit different in terms of flourishing. I don't agree with you about the speed of transaction though, I think that banks still are much faster than bitcoin because we still don't have a definitive solution against network congestion which makes the transaction much slower. |
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We can't do much about it, they're the FBI and if what they decide to do is to keep the stuff for evidence or as a part of the illegal activity then that's their call, and we can't do a thing about that.
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Diversifying should be a better option so you can always make some profit while you patiently wait for the main coin to sponge up. Because sticking only to bitcoin might be profitable at the long run but we aren't certain when the bear market would be over so holders can take off some profit. It's wiser to diversify in my own opinion.
For me though it's the opposite because I think that if you are just a starting with investment, I think that you should focus on one investment that will surely make you money and when you start making a decent amount of money out of that one investment, slowly diversify your portfolio. |
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It's the CIA. They are 🐍. Rest in peace. See you in Valhalla.
Probably the CIA but we don't have to necessarilly believe, I don't think that McAfee is worth anything to CIA and if it is, he could've probably have some sort of way to announce the world the secret that makes him a target of CIA, anyways condolence to his family and his relatives. |
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It sounds interesting, but it seems to me that such projects either do not launch at all, or do not exist for long.
The problem for most is because the people behind those projects that don't last long aren't able to do the work for the long-term or they don't have any plans to expand so they just give up on the project and leave their investors hanging in the air. |
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The debate can be considered futile as we all know Bitcoin is not a scam and it has created millions of new jobs in the world since its launch. Millions of people have had better, richer lives since long-term Bitcoin investments.
Bitcoin is not a scam it is proof of the evolution of currency.
That's the only proof that we need to disprove the claim that bitcoin isn't a scam. Plus, bitcoin is already too big to go down in flames plus no one is going to benefit from doing an exit scam in bitcoin because no one knows who is satoshi. |
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I think one of the reasons is that the people who operate it are on a bad reputation on their citizenship program where you are awarded or deducted in points depending on what you do everyday and those points I think is operational all over the mainland and one of the perks of a good citizen is you don't have to worry about going overseas or stuff. Maybe that might be the reason why miners can't get out and probably they are harassed by the police.
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that's the performance of the chinese government, if they can't control what they want, the chinese government will definitely do anything to ban it, but if it can be controlled by the government they will definitely be very supportive, i think their people are definitely not stupid and will keep mining bitcoin, and will continue to invest in bitcoin..because the more banned the more challenging..
It's very rare to find something in China that the government can't control, bitcoin looked unstoppable but look what happened, they did a big crackdown on mining and transactions. Also, I find that the reason that they are oversensitive with banning is because they are still spreading propaganda on their population. |
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