i have a little doubt about btc price in future.should i save btc for increasing value of bitcoin?
or maybe price of btc will be down in 5-10 year
just imagine about future of btc and tell me should i save bitcoins for future or not...?
saving bitcoin for future is always a good idea, as it is better than saving money in bank, it can give more money, and you will have bitcoins if you'll ever need to sell them or buy something
and i don't think that price will fall in next 5 years, i mean halving now will increase price to 900$, so it might fall down by 100$ or so but will be stable, so i don't think that price will fall
just because the supply halves doesn't mean the price doubles.
last halving the price went up by 10 times after a few months, and a few months later it went up again.
ultimately it went from 10 to 200, then stabilized at 100 and then went to 1200 and eventually stabilized at 450 where we are now (with up and down for years)
to you can't say 'supply halves so price doubles' that's not how it works.
it might rise by 10% it might rise by 1000%, no one knows. All we know is that logically it SHOULD rise in the long term.
We probably won't even see a noticeable effect until a few months after the halving though, and the growth might be more explosive than many people think.
in fact the price might even go down a little at first because of the halving not meeting the expectations of many people.
don't be surprised for the prce to drop to $400 first, stay there for a month or two and then suddenly rise to $8000 just to drop back to $4000 or so, and then stabilize there, and about a year later or so rise again to $10000 and then stabilize a few years later at $6000 or something.
it's hard to say how high or low it will go, but logically we will reach 4 digit numbers for the next 4 years. And then by the next halving we will find a new price to settle at.
also on top of the decreased supply, the demand might be higher, because of all the new attention if the price rises (which will eventually happen)