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Author Topic: What could be All time high for Bitcoin for all time?  (Read 285 times)
hd49728
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September 06, 2023, 01:07:01 PM
 #41

Agreed, manipulation always exists in every financial market, those with a lot of money will never ignore this easy way to make money. But the crypto market has more manipulation than any other market, because with a small cap, without much regulation...manipulation becomes easier than in other markets.
Whales in traditional markets don't ignore chances to make money by market manipulation in this cryptocurrency market because total market cap of this market is small together with less regulations are very attractive with market manipulators.

They would prefer to use their capital for manipulations in this market, that is more easily in traditional market, with less risk of regulations, legal problems than in traditional markets. In addition and most important, they can gain bigger profit with same capital used for manipulation in cryptocurrency market than in traditional ones.

Quote
But many people still naively assume that bitcoin is decentralized and cannot be manipulated, LOL. Yes, the bitcoin network cannot be manipulated, but the price is too easily manipulated.
Being decentralized in its network hashrate distribution is not related with coin distribution among holders and market manipulations. In addition, to manipulate successfully whales have to collect coins very slowly with time. They do their games slowly and silently enough to avoid noises in the market as well as on-chain indicators. When we realize it, it's too late and game is already in play.
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September 06, 2023, 02:22:33 PM
 #42

The all-time high (ATH) reached by Bitcoin represents a form of price rejection, where at that peak, people tend to employ rational thinking to gauge the latest price range of the Bitcoin market.

In my opinion, at the $69k level, the price was exceptionally high, even for Bitcoin in 2021. Consequently, a correction occurred from that lofty price point, bringing it down to a more reasonable level. This established a market price range between $20k and $30k, and it has been hovering around $25k ever since.

The potential scenario that may unfold next 2025 is as follows:
If, following the next halving event (2024), there is a price surge to $100k, it's conceivable that the BTC market price could be in the range of $60k-$70k. This is purely a personal speculation.
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September 06, 2023, 11:38:42 PM
 #43

I was wondering that people are saying, Bitcoin will always make higher highs but I was thinking that maybe it should go it's all time high and never go back it's all time high because there is a treen fo everything but still Bitcoin trend hasn't been started though.

I think that BTC and other cryptocurrencies are testnets for novel digital financial solutions. Blockchain is a data-storing technology, so its development should be financially beneficial. I suppose that's why BTC price is rising. Moreover, beneficial projects create "secondary" projects in many fields (hard and soft production, trading, ad placement, etc).

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September 06, 2023, 11:56:28 PM
 #44

What I know is that the highest price for BTC in 2021 will be around $69k and of course we won't know the price of BTC during the next bull run, but I hope Bitcoin surprises and forms a new ath exceeding $100k.

In my opinion, the price of BTC will continue to grow because people adopting BTC are increasing, while the supply of BTC is limited, namely only 21,000,000, so I think the price of BTC will continue to grow. but we also have to be able to take advantage of the volatility and fluctuations in the price of bitcoin.
It will continue to grow if we're going to base it from its current price and it could be as high as $100k or more than that.
We just don't know when and if the situation will allow that to happen, maybe not this time but more of the chance happening it post-halving.
The care will be shown when everyone starts to get greedy again and the market don't have much motion, so start from analyzing what move should be done when we're not yet on another ATH.


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CageMabok
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September 07, 2023, 01:47:37 AM
 #45

I was wondering that people are saying, Bitcoin will always make higher highs but I was thinking that maybe it should go it's all time high and never go back it's all time high because there is a treen fo everything but still Bitcoin trend hasn't been started though.
If you ask about the highest price that Bitcoin has ever reached, you can check the price of Bitcoin in 2021 because that year the highest price of all time occurred for Bitcoin. But if you ask about the unprecedented high price of Bitcoin, I will be quite difficult to answer even though some people say that in the next year there is a possibility for Bitcoin to pass the highest price ever achieved before. However, the exact figure will always be difficult for everyone to guess because reaching $70K alone is already the highest price of all time for Bitcoin.

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michellee
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September 07, 2023, 01:01:02 PM
 #46

I was wondering that people are saying, Bitcoin will always make higher highs but I was thinking that maybe it should go it's all time high and never go back it's all time high because there is a treen fo everything but still Bitcoin trend hasn't been started though.
If @OP asks what is the highest Bitcoin value, we can only say that the highest Bitcoin price ever reached is around $60k. But in the future, there is a possibility that Bitcoin prices could rise higher than yesterday's ATH and possibly reach more than $100k.

But the problem is that we don't know when the next Bitcoin high will occur and we can only wait for it to come. And before the highest price of Bitcoin comes again, we are still allowed to accumulate more.

And with Bitcoin's trend still tending to decline, we have to use the opportunity to buy more Bitcoin so that when the price increases, we are ready to sell it at the high price we want. But we also have to know that the price of Bitcoin will not increase significantly because there are stages that must be achieved. And this is where our patience is tested.

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