Simple information in Bitcoin

[suzanne5223]

In cryptocurrency, people will always come up with different predictions but the chance of Bitcoin reaching the $30,000 price is slim and if it does happen then we should expect a new bottom price which will be below $17,708.62.
I don't expect this to happen now until Q4 but let's wait and see the market's future trend since the institution is the major investor in this current market.

30k slim? But why when as of now bitcoin is preparing to break the anticipated 25k and when that happens the rest of the price are now going to be easier to achieve. I believe that btc can reach more than 30k before we end this year but I won't say for now if it will bypass the old ATH.

For the record, Bitcoin has break the anticipated $25K 7days ago and when it claimed the price, what happen? Some dump in price. Why $30K price is slim? There are many reasons but I will one. After Bitfinex pays their customers the recovered BTC we should expect some major sales.

You maybe believe the BTC can easily achieve $30K even after it reaches $26K but it is not that easy and what you're seeing in the market right now is just the effect of ETH's upcoming event.
Meanwhile, this is the time humpback whale, Whales, sharks and dolphins make the most profit through market manipulation.

You shouldn't say that when the price rise a new bottom will be unlocked but the more the chance it will happen only if the price is declining. Currently, we are still in the quarter 3 of the year so maybe there are still declines that will happen but by the time we hit the fourth and final quarter. I expect that declines are now going to be rare. That is for sure.

Maybe but look at the historical price of the Bitcoin market and you'll see that there's always high market manipulation during Q4 of the bear market.

[Oceat]

OP's claimed aren't really reliable IMO since no one can accurately predict the Bitcoin price in the future and it's also hard to believe that $30k will be coming soon. As we can see the market price of Bitcoin isn't going anywhere near to $30k unless if there's a FOMO we might as well gonna see a hipe that it will reach to $30k but since we are in a bear market I don't see that price to come any closer yet but maybe after some time or months of waiting perhaps next year we might see that price but Bitcoin is quite unpredictable so I can't tell and no one could tell exactly what the future price of Bitcoin.

[Silberman]

I do not think that people should be coming here and talking about bitcoin like it's anything simple. Bitcoin market, and in general crypto markets are not simple and it’s not easy to understand what’s going to happen. Many people think that way and they are usually wrong.

The only thing we could be certain about bitcoin is that it is volatile and that means tomorrow you can wake up to bitcoin being 20k as much as you can wake up to it being 30k, they are equally possible. This is why never bet your money on short term, because you never know. Long term is easier because inflation and devaluation of dollar means that anything pegged against it will go up, this includes bitcoin, cryptos, gold, stocks and oil, all works well.

The Internet is saturated with information that make it seem as if investing in this market and getting huge profits is one of the easiest things you can do in the world, and this is not true, however most people do not realize this is the case until they become part of this market and see that what they expect out of this market does not happen, and in many cases they get to see the opposite result, that is when they realize that what they have read is a lie, but in many cases this realization only comes once they have already lost a lot of money.

[Wexnident]

Now that Bitcoin's state of market power experts think Bitcoin is going to show its own respect very soon. Many people are asking why I bought this coin as the price is slowly decreasing. Yes it is normal because it is estimated that bitcoin price may cross 30000$ this year. And another advance I can say that those who want to trade should buy bitcoin now if they can, they will see big profit very soon.

"Experts", yea that, don't use it, it's better to use analyst as a general term for anyone who tries to read the market which btw, also doesn't mean that they're right or wrong, it's just a general term to describe anyone who tries to read the market. I also wouldn't actually trust any willy nilly, try to do your own research just like in any investment.

On Ops comment about $30k, I wouldn't put it past it actually happening, but still DYOR imo, especially around the last 2 months or so.

[AbuBhakar]

OP's claimed aren't really reliable IMO since no one can accurately predict the Bitcoin price in the future and it's also hard to believe that $30k will be coming soon. As we can see the market price of Bitcoin isn't going anywhere near to $30k unless if there's a FOMO we might as well gonna see a hipe that it will reach to $30k but since we are in a bear market I don't see that price to come any closer yet but maybe after some time or months of waiting perhaps next year we might see that price but Bitcoin is quite unpredictable so I can't tell and no one could tell exactly what the future price of Bitcoin.

OP is just a jr member and obviously don’t have good knowledge on technical analysis besides his personal experience and beliefs on trading. You can’t get reliable information on discussion post like this because most user is just posting there opinion especially those low ranks for discussion purposes only.

Probably he just bought or still holding and use this post to encourage other user to buy more to pump price for his investment sake.

[bitcampaign]

actually this is very unimportant information, we know that the price of bitcoin could touch the price of $ 30k and I don't think it is something important information to share, what is important is that we get information when the right time we enter the market to buy it

[justdimin]

OP is just a jr member and obviously don’t have good knowledge on technical analysis besides his personal experience and beliefs on trading. You can’t get reliable information on discussion post like this because most user is just posting there opinion especially those low ranks for discussion purposes only.

Probably he just bought or still holding and use this post to encourage other user to buy more to pump price for his investment sake.

I would say that Jr Member may not have a great idea about bitcoin, but I do believe it will be 30k soon as well. This of course depends on the understanding of what "soon" means for you, I mean before 2022 ends for example, if you consider before 2022 as soon like me then I agree that we will see 30k before the year ends.

That's not really that hard, sure we had a small drop these days because of some bad news but it's going to be ok and we are going to be fine. That's a personal opinion and yes maybe there are a lot of people who will disagree with me but that's how the speculation is done, you say one thing and I say another and we argue about it.

[GeorgeJohn]

In cryptocurrency, people will always come up with different predictions but the chance of Bitcoin reaching the $30,000 price is slim and if it does happen then we should expect a new bottom price which will be below $17,708.62.
I don't expect this to happen now until Q4 but let's wait and see the market's future trend since the institution is the major investor in this current market.

Many people have different way of predicting the future of cryptocurrency even when the market is bad and also when the market is good. There is one thing I notice when predicting the price of cryptocurrency essentially Bitcoin who do who predict base on what they hear and what they have seen. The wrong people who also played it was it because of what on their own decide to give a wrong  speculation of cryptocurrency

[Fundamentals Of]

And another advance I can say that those who want to trade should buy bitcoin now if they can, they will see big profit very soon.

Even those who do not want to trade should be buying now. Bitcoin is not for traders only. In fact, I should say that Bitcoin is more for hodlers than traders. Traders could acquire loss over time. Hodlers don't. They are instead stacking more and more sats as soon as they get hold of some extra money. The good thing with hodlers is that they are kind of error-proof because they're just keeping their coins safe, unlike traders who could do some wrong decisions in their trades.

[Kadal Ijo]

The presence of social media makes it easier for us to find information, I know Bitcoin from Cryptocurrencies advertisements that advertise on online news sites, at that time there is an ICO offer that receives Bitcoin, Eth, and so on, and now we are easier to get correct information about Cryptocurrencies in various media.

[Kemarit]

And another advance I can say that those who want to trade should buy bitcoin now if they can, they will see big profit very soon.

Even those who do not want to trade should be buying now. Bitcoin is not for traders only. In fact, I should say that Bitcoin is more for hodlers than traders. Traders could acquire loss over time. Hodlers don't. They are instead stacking more and more sats as soon as they get hold of some extra money. The good thing with hodlers is that they are kind of error-proof because they're just keeping their coins safe, unlike traders who could do some wrong decisions in their trades.

Yeah, perhaps it's just the semantics, traders/investors/speculators. And I do agree, if there are individuals that doesn't want complications then it's better to just buy and hold Bitcoin. But there are people who loves the volatility and all the action that the market can bring to them, maybe they are up almost all the time and watching the price either going up and down and then they will make their move. But as for us, the majority, nothing beats than doing DCA, and simply HODLing for long term. Next stop in the 2024-2025 run and let's see how big Bitcoin price is.

[suzanne5223]

In cryptocurrency, people will always come up with different predictions but the chance of Bitcoin reaching the $30,000 price is slim and if it does happen then we should expect a new bottom price which will be below $17,708.62.
I don't expect this to happen now until Q4 but let's wait and see the market's future trend since the institution is the major investor in this current market.

Many people have different way of predicting the future of cryptocurrency even when the market is bad and also when the market is good. There is one thing I notice when predicting the price of cryptocurrency essentially Bitcoin who do who predict base on what they hear and what they have seen. The wrong people who also played it was it because of what on their own decide to give a wrong  speculation of cryptocurrency

I agree with what you said and this is the reason why I never trust or believe the Bitcoin prediction said by the so-called influencers because they always predict the market price based on their own decision using the current trend of the market instead so checking what is always happen when the market is in bearish or bullish season.
I can boldly say that I am among the people that disagree when BTC was predicted to reach a $100K price after the halving market because I study the market historical price movement and calculate the multiplier BTC usually make after halving and I see that the price is totally impossible.

[GeorgeJohn]

The presence of social media makes it easier for us to find information, I know Bitcoin from Cryptocurrencies advertisements that advertise on online news sites, at that time there is an ICO offer that receives Bitcoin, Eth, and so on, and now we are easier to get correct information about Cryptocurrencies in various media.

Actually most of us in the community today knew cryptocurrency and especially bitcoin through the online information.but that should not mislead us to start paying much attention in social media information. So certain things you find online are not genius and some of them is actually pure. But some do basically been depending on the social media information. Which i basically not bid on accepting information concerning cryptocurrency via social media. For me it prohibited.

[TimeTeller]

The presence of social media makes it easier for us to find information, I know Bitcoin from Cryptocurrencies advertisements that advertise on online news sites, at that time there is an ICO offer that receives Bitcoin, Eth, and so on, and now we are easier to get correct information about Cryptocurrencies in various media.

Actually most of us in the community today knew cryptocurrency and especially bitcoin through the online information.but that should not mislead us to start paying much attention in social media information. So certain things you find online are not genius and some of them is actually pure. But some do basically been depending on the social media information. Which i basically not bid on accepting information concerning cryptocurrency via social media. For me it prohibited.

If you want facts, social media is not a good platform to extract info from.
If you are here in the forum, this is where you get tons of valuable info and insights.
For users who will stumble this forum, they will be grateful that they found this site.
That is, if they want to expand their knowledge about crypto, blockchain tech and all the other topics attached to it.

[sayaya17]

The presence of social media makes it easier for us to find information, I know Bitcoin from Cryptocurrencies advertisements that advertise on online news sites, at that time there is an ICO offer that receives Bitcoin, Eth, and so on, and now we are easier to get correct information about Cryptocurrencies in various media.

It is true that the existence of social media and the ease of internet access, makes it easier for us to get any information we want. Including
information about Bitcoin, we can find it on any social media, depending on how deep we dig for information. But the problem is not everyone
likes Bitcoin, that's why a lot of negative information about Bitcoin is circulating on social media which is spread by Bitcoin haters. In the end
we do have to look for information about Bitcoin from a trusted source, only follow influencers on social media with a good track record. In this
world most people only care about themselves, so be careful every information we get, don't easily believe what other people say. Any information
we get must be filtered and digested first, so that we do not become victims of fraud. Because there are so many scams happening in the crypto world,
so we really should be careful when getting information about crypto.

[Ayers]

Probably he just bought or still holding and use this post to encourage other user to buy more to pump price for his investment sake.

his identity can get a lot of criticism as we cannot predict bitcoin but the good thing to say here is that he has faith in bitcoin to recover and hit $30k, this is an encouraging thing for a jr member like him
his knowledge is not good, he can add and hone over time but his faith in bitcoin is respectable
as long as he buys at this price and trusts enough to hold bitcoin until the bull market comes, he will get the reward he deserves

[jaberwock]

OP's claimed aren't really reliable IMO since no one can accurately predict the Bitcoin price in the future and it's also hard to believe that $30k will be coming soon. As we can see the market price of Bitcoin isn't going anywhere near to $30k unless if there's a FOMO we might as well gonna see a hipe that it will reach to $30k but since we are in a bear market I don't see that price to come any closer yet but maybe after some time or months of waiting perhaps next year we might see that price but Bitcoin is quite unpredictable so I can't tell and no one could tell exactly what the future price of Bitcoin.

4 months is still a long way to go and so many exciting events can happen during that time which include the growth of btc price. Last time we almost hit 25k and if that did continue then 26, 27k and so on will going to be easier. Sorry but I am with him. 30k isn't that much and very achievable. There are even some which speculates that we can end the year with a 50k.

Although that one is also small but I have a little doubt with it. I am still more confident with 30k. Yes, we are in a bear market right now, but we can't remain like this forever. A recovery or a bull run won't start when the prices are already high but they need to start at the lows.

[Silberman]

The presence of social media makes it easier for us to find information, I know Bitcoin from Cryptocurrencies advertisements that advertise on online news sites, at that time there is an ICO offer that receives Bitcoin, Eth, and so on, and now we are easier to get correct information about Cryptocurrencies in various media.

Thanks to the Internet it is easy to find information about almost any topic you may be interested in, however there is no guarantee about how accurate the information you are reading really is, so people read information about this market offering them the possibility of making monster profits and they obviously get interested, and while that information is not wrong it hides the fact the amount of people which can actually get those profits is very limited.

[StreakW]

Until now I do not see any positive information about bitcoin where since reaching ATH last year the price of bitcoin has continued to experience a very deep price decline until now. Maybe as a long term investor now is a good time to buy bitcoin. However, buying in bulk or putting all the money into buying bitcoins when the price drops is not a wise move if you don't have good technical analysis skills.

[XwWnu]

Until now I do not see any positive information about bitcoin where since reaching ATH last year the price of bitcoin has continued to experience a very deep price decline until now. Maybe as a long term investor now is a good time to buy bitcoin. However, buying in bulk or putting all the money into buying bitcoins when the price drops is not a wise move if you don't have good technical analysis skills.

bitcoin price is currently at $ 20.5k I think this is the right time to buy it,
especially if you have a lot of capital, then my advice is you go to altcoins and buy as much as possible,
for example DOT, Matic or SOL, because altcoin now down -90% and more, dont miss this opportunity