Still Believing That Bitcoin Can Rise High?

[hahay]

I personally still believe that bitcoin can still rise high again, but to avoid the bad things that are likely to happen because of a chain split i will just keep half bitcoin in my wallet.

[1714770330]

1714770330

[wuvdoll]

I personally still believe that bitcoin can still rise high again, but to avoid the bad things that are likely to happen because of a chain split i will just keep half bitcoin in my wallet.

What you mean by holding half bitcoins ? You mean all of your other bitcoins will be in cold storage and only half in connected wallet ? I guess this is not significant as long as you are able to control those bitcoins by having access to privatekeys.

[audaciousbeing]

Last month, we have seen so many market analysts, investors and speculators telling us to go for Bitcoin as it can soon be hitting at least $10,000 in the next few years and even $5,000 at the end of the year. The picture seems to be so rosy that it also create some discomfort in some people.

The recent dip in the Bitcoin value put some halt to this rosy picture, albeit temporarily. There are still some who believe that this recent development is very temporary and that after the scaling problem can be solved we can see Bitcoin at its real potential.

What is current feel for Bitcoin's value considering its recent retreat?

My believe is still strong as ever and not even perturbed with either August 1 or not and that us why I am always cautious of the various reports here and there predicting of how bitcoin  will reach $10000 in a matter of weeks. What I feel really matter is anybody coming into bitcoin should come in with what he can afford to tie up for a long term and with that, the drop in price won't have much effect to such individual.

[john2231]

Last month, we have seen so many market analysts, investors and speculators telling us to go for Bitcoin as it can soon be hitting at least $10,000 in the next few years and even $5,000 at the end of the year. The picture seems to be so rosy that it also create some discomfort in some people.

The recent dip in the Bitcoin value put some halt to this rosy picture, albeit temporarily. There are still some who believe that this recent development is very temporary and that after the scaling problem can be solved we can see Bitcoin at its real potential.

What is current feel for Bitcoin's value considering its recent retreat?

My believe is still strong as ever and not even perturbed with either August 1 or not and that us why I am always cautious of the various reports here and there predicting of how bitcoin  will reach $10000 in a matter of weeks. What I feel really matter is anybody coming into bitcoin should come in with what he can afford to tie up for a long term and with that, the drop in price won't have much effect to such individual.

Honestly we don't know what will happen this coming august but same here that i believe in bitcoin that it can survive and the price can be still increase we will just experience of price drop but its just a normal due to splitting so i think it can increase more value of bitcoin after this event..
Because the feature they want before is already been added..

[harizen]

Last month, we have seen so many market analysts, investors and speculators telling us to go for Bitcoin as it can soon be hitting at least $10,000 in the next few years and even $5,000 at the end of the year. The picture seems to be so rosy that it also create some discomfort in some people.

The recent dip in the Bitcoin value put some halt to this rosy picture, albeit temporarily. There are still some who believe that this recent development is very temporary and that after the scaling problem can be solved we can see Bitcoin at its real potential.

What is current feel for Bitcoin's value considering its recent retreat?

If ever chain split will happen, we can really see a lower price obviously. But we are talking about long term here, so eventually bitcoin price will increase again during the "recovery" period and for other people and investor to adjust.

And by the way, where is your source that just because of the current situation, most people quite have now less expectation from bitcoin? Is that just your opinion? Maybe there is but still I believe that majority are positive on how things will came out.

[ActiveP]

Last month, we have seen so many market analysts, investors and speculators telling us to go for Bitcoin as it can soon be hitting at least $10,000 in the next few years and even $5,000 at the end of the year. The picture seems to be so rosy that it also create some discomfort in some people. 

The recent dip in the Bitcoin value put some halt to this rosy picture, albeit temporarily. There are still some who believe that this recent development is very temporary and that after the scaling problem can be solved we can see Bitcoin at its real potential.

What is current feel for Bitcoin's value considering its recent retreat? 

Take everything the so called experts say with a pinch of salt. It is all speculation, manipulation is rife, pumps and dumps the new world order. How about seeing the technology for what it is, and using it accordingly regardless of the price? The price will rise, no doubt about it. It needs patience and there will be long periods of stagnation and dips.

[soul-impact]

Last month, we have seen so many market analysts, investors and speculators telling us to go for Bitcoin as it can soon be hitting at least $10,000 in the next few years and even $5,000 at the end of the year. The picture seems to be so rosy that it also create some discomfort in some people.

The recent dip in the Bitcoin value put some halt to this rosy picture, albeit temporarily. There are still some who believe that this recent development is very temporary and that after the scaling problem can be solved we can see Bitcoin at its real potential.

What is current feel for Bitcoin's value considering its recent retreat?

Nowadays, people are worried about the future of bitcoin, it is in the transition process, its future coming forward. We have all reason to believe that the bitcoin will be higher, but that belief is not big enough to overcome the anxiety of the people.

[RoommateAgreement]

long term bitcoin will always win
and they are all talking about the long term changes not in short. when you are zooming in the charts or just look at the last price you obviously only see a low thing or a drop but if you zoom out a bit and look at a year at least you can see what each of those articles or people say.
the adoption is growing and with all the debates it is still growing well and as soon as we get rid of those who are attacking bitcoin and preventing SegWit we can see the $3000 this year and $5000 right after.

[Yakamoto]

Last month, we have seen so many market analysts, investors and speculators telling us to go for Bitcoin as it can soon be hitting at least $10,000 in the next few years and even $5,000 at the end of the year. The picture seems to be so rosy that it also create some discomfort in some people.

The recent dip in the Bitcoin value put some halt to this rosy picture, albeit temporarily. There are still some who believe that this recent development is very temporary and that after the scaling problem can be solved we can see Bitcoin at its real potential.

What is current feel for Bitcoin's value considering its recent retreat?

Crypto got hit across the board, lots of value evaporated within a short period of time ($44B USD across the entire market iirc) and almost nothing was spared during the downturn. The market has only gained $6B USD back since the dip 1/2 days ago. 85% of cryptos are down 1%+ vs. their 24hr average, and often that includes the downturn, meaning they keep going down.

For Bitcoin, it will likely sag for a while and then upturn. As Bitcoin moves, so does most of the market. If absolutely nothing happens, Bitcoin should finish the year above $2,000 but not above $3,000. Of course, that is not reality so it's a crapshoot as to what happens. Conservatively, $2,500+ is possible.

[oegarod]

I don't have much knowledge about bitcoin and from the person who introduced me to bitcoin I came to know that bitcoin has overcome several hurdles in this time period from the day it existed. So never panic and just trust in it and the increase in price happens without doubt.

[Baofeng]

I don't have much knowledge about bitcoin and from the person who introduced me to bitcoin I came to know that bitcoin has overcome several hurdles in this time period from the day it existed. So never panic and just trust in it and the increase in price happens without doubt.

You are right. Bitcoin has proven time and again that it has the ability to recover from any crisis. If you are not here during the post March ETF decision, bitcoin price fall below $1000 and a lot of people has lost faith in bitcoin and sold their coin. But when April comes in, the price quickly recovered and even reached ATH at $3000. So without a doubt bitcoin can and will overcome this obstacles.

[meliodas]

I don't have much knowledge about bitcoin and from the person who introduced me to bitcoin I came to know that bitcoin has overcome several hurdles in this time period from the day it existed. So never panic and just trust in it and the increase in price happens without doubt.

Yes as bitcoin is still experimental it will grow more in the market and it will never bring us down.
Many known personalities invest here so they won't let bad things happen in bitcoin community, of course they will be affected in what ever happens.

[BitcoinGirl.Club]

atm prices have retracted which is a temporarily set back which was caused by negative speculations of the bitcoin fork but i believe bitcoin has not yet hit its peak as market analysts, investors and all interested parties have predicted to hit $10000 and we are just a fifth of that. I believe we shall start to see an improvement in market price after the fork is done and settled.

[chineseprancing]

Unfortunately, yes because I witnessed how bitcoin survive and I believe that it was happen again in future. Also if you compared the current prices of bitcoin in the market, there's a big improvement since we started and I thanks for that, possibility bitcoin in the future were raised up beyond expectations of each one.

[stompix]

Last month, we have seen so many market analysts, investors and speculators telling us to go for Bitcoin as it can soon be hitting at least $10,000 in the next few years and even $5,000 at the end of the year. The picture seems to be so rosy that it also create some discomfort in some people.

The recent dip in the Bitcoin value put some halt to this rosy picture, albeit temporarily. There are still some who believe that this recent development is very temporary and that after the scaling problem can be solved we can see Bitcoin at its real potential.

What is current feel for Bitcoin's value considering its recent retreat?

You're focused on the past few weeks.
The articles/speculations you are referring to paint the bigger picture.
So lets look at a more macro view instead.
Bitcoin is up:
202% in the past 3 months
290% in the past 6 months
365% in the past year

and
200% in the last 4 years........

You can play with graphs and statistics how you want.
You can draw lines with bitcoin reaching 300k in 18 months like RIPietila did or bitcoin going to  0 in 4 days.

I have yet to see somebody guessing right the price of bitcoin more than 5 times in a row.
Statistics and past evolution are meaningless in bitcoinland.

I'm almost willing to bet the price will just ignore Aug1st and everything else for a few months but ...I'm bad at bets.

[john yuan]

Long-term value growth is positive
I believe that August will usher in a turning point

[PrymeTyme]

Last month, we have seen so many market analysts, investors and speculators telling us to go for Bitcoin as it can soon be hitting at least $10,000 in the next few years and even $5,000 at the end of the year. The picture seems to be so rosy that it also create some discomfort in some people.

The recent dip in the Bitcoin value put some halt to this rosy picture, albeit temporarily. There are still some who believe that this recent development is very temporary and that after the scaling problem can be solved we can see Bitcoin at its real potential.

What is current feel for Bitcoin's value considering its recent retreat?

You're focused on the past few weeks.
The articles/speculations you are referring to paint the bigger picture.
So lets look at a more macro view instead.
Bitcoin is up:
202% in the past 3 months
290% in the past 6 months
365% in the past year

and
200% in the last 4 years........

You can play with graphs and statistics how you want.
You can draw lines with bitcoin reaching 300k in 18 months like RIPietila did or bitcoin going to  0 in 4 days.

I have yet to see somebody guessing right the price of bitcoin more than 5 times in a row.
Statistics and past evolution are meaningless in bitcoinland.

I'm almost willing to bet the price will just ignore Aug1st and everything else for a few months but ...I'm bad at bets.

"predicting" price is a hit or miss...


but analyzing its current price behaviour can give some insight on its current state , wheter it is strong or weak ... and from that on one can participate in the market with a from of an "educated guess"

a market can only be in one of two states and that is Balance or Imbalance

and i have yet to see a Balanced state of BTC

[Cranidos]

Last month, we have seen so many market analysts, investors and speculators telling us to go for Bitcoin as it can soon be hitting at least $10,000 in the next few years and even $5,000 at the end of the year. The picture seems to be so rosy that it also create some discomfort in some people.

The recent dip in the Bitcoin value put some halt to this rosy picture, albeit temporarily. There are still some who believe that this recent development is very temporary and that after the scaling problem can be solved we can see Bitcoin at its real potential.

What is current feel for Bitcoin's value considering its recent retreat?

With the current behavior of Bitcoin's price, we fell from its uncertainties. We cannot think for ourselves on whether will bitcoin's price will increase or decrease. We are all confused at the time being. Some who do not care about the drops lately might be having thoughts now whether to sell or not. As the price falls, people also fall on confusions.

The price is somewhat disappointing in my side. The timing is off, when I urgently need money then the price drops. I guess I have to start accumulating again to cover my spent coins then.

[Shinpako09]

Maybe price is falling but it still at $2100+ and that is still considerably high. Remember when price climb to $500 and we are saying it high already. Then now, why other's calling it low when the fact is it still a 4-digit price. We can't expect it to be always on top, climbing. If there is a rise, there is fall. The same goes if there is fall, there is rise.

[mrcash02]

Maybe price is falling but it still at $2100+ and that is still considerably high. Remember when price climb to $500 and we are saying it high already. Then now, why other's calling it low when the fact is it still a 4-digit price. We can't expect it to be always on top, climbing. If there is a rise, there is fall. The same goes if there is fall, there is rise.

Yes... I will become worried only if Bitcoin reach to $1500 or below. 

The price is still high and some movements like this we are seeing were already predictable as holders are fearing the HardFork and its consequences. Rises and falls are a part of the game and it has positive points, like the chance of making profit. We can buy it cheap now or even cheaper soon and sell again when the price rises again.