raybucks (OP)
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January 08, 2023, 03:22:51 PM Last edit: January 08, 2023, 04:08:03 PM by raybucks |
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please explain me why bitcoin will make another all time high or explain some circumstances in that bitcoin's price will go more low and never or after long times later comes up
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Lucius
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January 08, 2023, 03:36:51 PM |
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I am just feeling bitcoin will never come to 50k at max
That's your feeling and I guess there's a reason why you think so. In addition, if you are only interested in Bitcoin because of the price, I would say that you will be very disappointed in your life many more times. please explain me why bitcoin will make all time high or explain some circumstances in that bitcoin's price will go more low and never or after long times later comes up
How can someone explain to you if something will happen when no one can predict the future? If you are interested in speculation, then visit that board, there you will find various theories, although they are more or less all based on the personal feelings of individual members. In short, someone could write countless pages on this topic, but even if you read them, you wouldn't be any smarter than you are now.
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franky1
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January 08, 2023, 03:36:56 PM Last edit: January 08, 2023, 04:26:52 PM by franky1 |
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bitcoin is feeling the pressure to stay below $17k for one reason
many "futures/options/leverage" traders done "contracts"(bets) on bitcoin to be at or below $17k when their contracts expire. and so they are putting alot of their other investment pots of cash into public spot markets to "whale-wall" the price from exceeding $17k so that they do not lose when their contracts expire
sooner or later once contracts expire and new contracts of "below $17k" are not put. then the walls will disappear and speculation will raise the spot market
looking at real economic fundementals
bitcoins spot market was only ever going to swing between $10k-$75k in 2021
there is reason why buyers fizzled out at $70k in 2021 there is reason why sellers fizzled out at $15k in 2022
its because there were ways to acquire bitcoin independently from the market that made buyers see that the premium of spot was getting to be too much compared to other bitcoin acquisition methods(mining)
in short if bitcoin mining was at a most efficient low cost mining operation of $10k in 2021 then no one would want to sell below that because no one could make btc for less. which created a low level value support line. everyone had costs above this amount and so speculation kept prices above that line
in short if bitcoin mining was at a most in-efficient high cost mining operation of $75k in 2021 then no one would want to buy bitcoin above that because no everyone could make btc for less, even hobby minors in remote locations like hawaii. which created a top resistance premium line. everyone had mining costs below this amount and so speculation kept prices below that line
2022 was a $15k-$90k economic window and so far first week for 2023 is the same rough amount
we may see this window rise allowing for speculation to possibly see an ATH but so far the max position of a potential ATH is less than $100k
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Little Mouse
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January 08, 2023, 03:47:40 PM |
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please explain me why bitcoin will make all time high
Did you explain why it won't? No. Can you explain? I think no again. It's your feeling. Should I say bitcoin will have an all-time high again in the future because it's my feeling, would you trust that answer? lol. Anyway, back in the day, when I was a kid, we used to buy gold 1 vorhi (a local word) with 2k BDT. I can't imagine even that now. It's 80k BDT now. Does it change the fact that I can't live without using BDT? No. It's impossible. The same is true here as well. It's a currency. If BTC doesn't ever hit new ATH, it still will be the same, a currency. This won't change anything.
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mk4
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January 08, 2023, 03:48:29 PM |
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I am just feeling bitcoin will never come to 50k at max
Or better yet, maybe tell us why you're actually "feeling" that bitcoin wouldn't go above 50k again? So we can actually start the discussion somewhere. Because if you don't have a half-decent reason, then this is pretty much just the typical novice mindset.
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raybucks (OP)
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January 08, 2023, 03:58:57 PM |
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I am just feeling bitcoin will never come to 50k at max
That's your feeling and I guess there's a reason why you think so. In addition, if you are only interested in Bitcoin because of the price, I would say that you will be very disappointed in your life many more times. please explain me why bitcoin will make all time high or explain some circumstances in that bitcoin's price will go more low and never or after long times later comes up
How can someone explain to you if something will happen when no one can predict the future? If you are interested in speculation, then visit that board, there you will find various theories, although they are more or less all based on the personal feelings of individual members. In short, someone could write countless pages on this topic, but even if you read them, you wouldn't be any smarter than you are now. I don't interested in price I interested in bitcoin and it's all unique advantages and technology i asked just general question for price believers
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mindrust
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January 08, 2023, 04:08:16 PM |
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Who cares? Bitcoin will function anyway. The price don't affect bitcoin's ability transact value. If you invested more than you could afford to lose, that's your problem. Nobody said bitcoin is a rock solid investment which will make you rich. The sooner you learn and adapt to this reality the better it is for you. If you want to make money get a job, make other investments (like buying real estate). Bitcoin is not the only game in town.
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tbct_mt2
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January 08, 2023, 04:18:17 PM |
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Its supply is only 21M bitcoins in total circulation in 2140. People lost their private keys, lost their bitcoins so total circulation, total supply would be smaller than 21M.
Will it come up and make new all time highs?
It depends on demand and supply. Supply is not change or if has changes, it will be lower supply by lost bitcoins. Demand will be bigger or smaller but I believe it would be bigger in future.
When demand is bigger, supply is the same or smaller, price must make new all time highs.
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GideonGono
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January 08, 2023, 04:22:30 PM |
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please explain me why bitcoin will make another all time high
Most of the Time Bitcoin would climb up before the Halving and those time are when Bitcoin makes a New ATH. or explain some circumstances in that bitcoin's price will go more low and never or after long times later comes up
The price of crypto depends on the demand and there are so many factors which affect it just like news about it that would create (FUD or FOMO). But for me as long as it have a value then there would still be a chance for it to come back.
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cabron
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January 08, 2023, 04:24:40 PM |
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The cycle is easy to explain as to why BTC price will eventually hit another ATH as it always does. With that, it's assured due to its limited supply.
But like any asset, price is determined by lots of factors including market demand, sentiment, and overall economic conditions which is becoming worse and we all know how it started. During 2021, BTC still hit a new ATH despite the virus that made our lives difficult due to lockdowns.
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uneng
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January 08, 2023, 05:03:25 PM |
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please explain me why bitcoin will make another all time high
Potential ATH should happen due to next Bitcoin halving in 2024. When this happens, the number of btc per block mined decreases by the half, so new bitcoin entering the market becomes more scarce and valuable, theoretically. By looking the history, halvings have never disappointed investors previsouly. That is why there are is a strong belief it's not going to be different next time... or explain some circumstances in that bitcoin's price will go more low and never or after long times later comes up
The market is composed by cycles called bull and bear markets. Bull represents the prosperous cycle of rising and the bear represents the cycle of stagnation and crashes in prices. We can never be on a same cycle forever, so they are constantly following each other, like the seasons of the year.
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noormcs5
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January 08, 2023, 05:20:54 PM |
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please explain me why bitcoin will make another all time high or explain some circumstances in that bitcoin's price will go more low and never or after long times later comes up
Since you are a newbie here on bitcointalk and I believe that you are new to the bitcoin market also, so your fear is genuine. It is not easy to digest an 80% price dump from all the time high and still hope that bitcoin will recover from there. However, you need to see the price history of bitcoin from 2009 till date and you will realize that this is not the first time bitcoin is down. Previously, bitcoin has recovered from 80-85% dump and it will do the same this time. Bitcoin will follow the four year market cycle revolving around the Halving.
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kryptqnick
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January 08, 2023, 05:24:45 PM |
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It is perfectly possible that the price will never go up. However, it seems unlikely because over the course of almost 14 years, Bitcoin went through various bear markets with always not just recovering but significantly surpassing its previous highest point. So there just doesn't seem to be a good reason to believe that it will be different this time, especially given that nothing truly threatening happened to Bitcoin. If there was something unique about the current crash to suggest that Bitcoin can't come back from it, that would be another thing, but it's just FUD over a big exchange crash, nothing new.
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franky1
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January 08, 2023, 05:28:19 PM |
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The market is composed by cycles called bull and bear markets. Bull represents the prosperous cycle of rising and the bear represents the cycle of stagnation and crashes in prices. We can never be on a same cycle forever, so they are constantly following each other, like the seasons of the year.
because bitcoin is not inflationary but deflationary.. the economic terms are upside down compared to fiat economics of inflation i feel we should create new terms to define such personally(more comedy than proposal) due to everyone talking about traders being whales, shrimp. . we could use water based themes instead of land based themes such as sea levels and river flows sea levels rise. rivers go downstream where a cod stays under the sea level and a salmon wants to swim upstream
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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crwth
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January 08, 2023, 05:30:54 PM |
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Tell me about what if. It’s all about what if. What if it is there already? All these questions don’t mean anything unless the price has already passed some significant milestone or something like that. There were a lot of people before when bitcoin started. They said that it wouldn’t go into hundred dollars but look at where we are now. So maybe these things will happen again.
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franky1
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January 08, 2023, 05:37:12 PM |
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the funny parts of "what if"
when people say what if the price did go to $89k new ATH(its atleast within the economic window of possibility) they at the $89k dont trigger. instead they form a new "what if" of 'what it continues to go up' thus they dont sell at $89k
thus months prior.. why even be asking "what if it does go to $89k" (or any amount) if majority dont actually trigger and sell at the amount they mention months prior
same for the opposite if you have no plan to sell for under $20k. making "what if" about prices below $20k is pointless
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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salad daging
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January 08, 2023, 05:49:09 PM |
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please explain me why bitcoin will make another all time high or explain some circumstances in that bitcoin's price will go more low and never or after long times later comes up
Because bitcoin works and has been widely used by the community, it will make it higher all the time because there are always cycles that occur in bitcoin throughout its lifetime. The state of bitcoin makes it low because there are several factors such as supply and demand effects of FUD or other types that influence the community to become unstable holding bitcoin, but I am never sure if bitcoin does not appear again because this is one of the coins of freedom which is an alternative after fiat .
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Oceat
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January 08, 2023, 05:51:14 PM |
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The title and the message didn't collab as well or should we explain why Bitcoin would not pump up or what if Bitcoin won't pump up?
If you know how Bitcoin works and the very basic of economics then you might find your answer. I think almost everyone who knows what is Bitcoin and how it works truly understand why Bitcoin in bear market won't grow up or is taking too long to grow back and past this $16k-ish price.
OP might need to research again(?) the whole concept of Bitcoin as to why or how things work so that he won't frustrated with why is the price keeping too low for too long.
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3996
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OgNasty
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January 08, 2023, 06:07:35 PM |
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please explain me why bitcoin will make another all time high or explain some circumstances in that bitcoin's price will go more low and never or after long times later comes up
It will go up in price because it has to. With the block reward being halved every four years, it puts the market in a position of continued declines in supply (new coins being mined) while demand continues increasing due to adoption. There's really only two things that can happen. The price rises, or the market dies. This does bring risks that someday the price of BTC will crash in a death spiral with mining hashrate, but I don't think we're there yet. With Wall Street climbing on board, I suspect we'll have at least one more massive top before things start to fall apart.
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Crypt0Gore
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January 08, 2023, 06:10:45 PM |
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The exact kinda comment you can only hear from a newbie, you need some learning to do OP, there is a reason why Bitcoin has value and you don't know it that why you asking this question, do you know what Bitcoin halving is? If not please do your own research, when scarcity takes place on anything the value always skyrockets.
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