Possibilities and chances !

[Nissan24]

The absolute time present, increase price of BTC ! Have any chances to break down the previous record of BTC price? There are lots of things traveling in my mind.I couldn’t but share.According to recent news, The precious metal fell on Monday (April 3) after OPEC Plus announced a sudden cut in oil production.This has raised concerns about rising inflation. Along with that, there is a fear of increasing the interest rate of the central bank.This information has been revealed in a report by the news agency Reuters. In one day, the US benchmark gold supply price also fell by 0.2 percent.The price per ounce stood at 1982 dollars. Stonex analyst Rohana O'Connell said OPEC Plus, a coalition of oil-producing nations and their allies, had decided to cut output unexpectedly. This has created instability in the market of energy products. As a result of which the price of gold has fallen. On the other hand, the price of the major global currency dollar has increased. As far I know gold price diminution chances to increase BTC price.

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[OcTradism]

This has raised concerns about rising inflation. Along with that, there is a fear of increasing the interest rate of the central bank.

Bitcoin community were in fearful mode when pandemic occurred in late December 2019 but they only dumped bitcoin when World Health Organization (WHO) announced that it is a pandemic, 4 months after it officially announced in China mainland and spread over many nations globally.

A few weeks and months later, people were fearful for inflation, recession but then bitcoin rose a lot, made its new all time high and people said that it rose sharply because of pandemic. Is it true?

In the last year, people said bitcoin fell because of pandemic effects, increasing interest rate, inflation, recession but they just witnessed Bitcoin rose from $16,000 to $30,000 nearly. Now, what is a new fearful type?

Recession, inflation, interest rate, unemployment rate, what is or are reasons?

[Doan9269]

It's a good thing to always considers the world economical situation before engaging on any further analysis of predicting how the future may be, but in this regard, it's not much applicable to bitcoin network because it has it own separate economy other than fiat, which is a decentralized network of blockchain, bitcoin price is not moved by other economical factors or assets because it's independent of any other asset, demand and supply is the determinant of bitcoin price among other few considerations or factors.

[Ayers]

It's a good thing to always considers the world economical situation before engaging on any further analysis of predicting how the future may be, but in this regard, it's not much applicable to bitcoin network because it has it own separate economy other than fiat, which is a decentralized network of blockchain, bitcoin price is not moved by other economical factors or assets because it's independent of any other asset, demand and supply is the determinant of bitcoin price among other few considerations or factors.

I disagree, although bitcoin is decentralized, but it is also an asset and also a part of the economy, it cannot avoid negative as well as positive effects. If it is truly independent of all including fiat, then we should not use fiat to measure its value. And don't tell me you forgot that every time the Fed raises interest rates, bitcoin is very volatile, and the entire financial market fluctuates whenever there is some big news in the world. Not to mention, cryptocurrency is a market that is more susceptible to manipulation than a market based on supply and demand.

But given the current economic situation and the recent movements of bitcoin, it is hard to say that it is having a negative impact on Bitcoin.

[Orpichukwu]

~snip~

I disagree, although bitcoin is decentralized, but it is also an asset and also a part of the economy, it cannot avoid negative as well as positive effects. If it is truly independent of all including fiat, then we should not use fiat to measure its value. And don't tell me you forgot that every time the Fed raises interest rates, bitcoin is very volatile, and the entire financial market fluctuates whenever there is some big news in the world. Not to mention, cryptocurrency is a market that is more susceptible to manipulation than a market based on supply and demand.

We don't measure Bitcoin value to fiat
Rather we measure Bitcoin price to fiat.
There is a significant difference between price and value

[el kaka22]

I understand that the fear of another inflation situation does make people worry about the world, and I understand the fear of that, it makes sense. But that doesn't mean that we should be always fearful of this situation. We could always overcome the inflation with bitcoin, and that alone is good enough, the only problem is most of the time our salaries shrink at the face of inflation, I am not living as rich as 2019.

Because since 2020 there has been high inflation and prices didn't drop neither, so I am making about the same money, and yet I am spending a lot more, that's why life is harder obviously but thanks to bitcoin going up, I overcame that issue as well.

[harapan]

It's a good thing to always considers the world economical situation before engaging on any further analysis of predicting how the future may be, but in this regard, it's not much applicable to bitcoin network because it has it own separate economy other than fiat, which is a decentralized network of blockchain, bitcoin price is not moved by other economical factors or assets because it's independent of any other asset, demand and supply is the determinant of bitcoin price among other few considerations or factors.

This is not entirely true. The things happening in the economy affects bitcoin. An interest increase affects bitcoin, the pandemic affected bitcoin. Like you said, "demand and supply is the determinant of bitcoin", so is every other asset in the world.
Put in simple economic terms, when the demand for bitcoin increases, the price increases, when the demand reduces, the price reduces. Now different factors can determine the demand of bitcoin and that is where the factors affecting the economy comes in. No matter how decentralized bitcoin may be, the people that operate in the industry are people that cannot escape the economy because they live, work, make and lose money in that same economy. So if these players in the economy are affected by different economic factors, it will tell in the economic decisions they make and their decisions can also affect bitcoin price.

[Baofeng]

The absolute time present, increase price of BTC ! Have any chances to break down the previous record of BTC price? There are lots of things traveling in my mind.I couldn’t but share.According to recent news, The precious metal fell on Monday (April 3) after OPEC Plus announced a sudden cut in oil production.This has raised concerns about rising inflation. Along with that, there is a fear of increasing the interest rate of the central bank.This information has been revealed in a report by the news agency Reuters. In one day, the US benchmark gold supply price also fell by 0.2 percent.The price per ounce stood at 1982 dollars. Stonex analyst Rohana O'Connell said OPEC Plus, a coalition of oil-producing nations and their allies, had decided to cut output unexpectedly. This has created instability in the market of energy products. As a result of which the price of gold has fallen. On the other hand, the price of the major global currency dollar has increased. As far I know gold price diminution chances to increase BTC price.

I'm not really sure if there is a correlation with the oil price and BTC, although we might argue that traditional financial market could have affect the price, still though numbers are rough and we can't conclude correlation. But what we are seeing is that anyone is fearful of the economy, i.e. inflation, rate hike, banking crisis and this could still be the effect of pandemic after three years. And with that, everyone is looking for something the hedge their wealth, thus making BTC as Store of Value (SoV) and this was been tested when the pandemic occurs in 2020, although it might coincide with the bull run, but still though, BTC remain resilient that time and we all know that we reach all time high. So it's sort of a "protect against inflation" crypto.

[arimamib]

We need time to break the record and it will be difficult to predict when it will happen. Alright you've gone into detail in this thread but I see there's always something new at every stock market opening every week will we have to race on every silly news they do. Here we have to stand tall, I mean we have limited supplies and scarcity will occur at every halving is reached whether it will be related to fiat of course not. The increase will be triggered by our own news (crypto) such as mass adoption or purchases made on a large scale by large companies such as Tesla it will improve us in a better direction or increase significantly.

[Fundamentals Of]

The current banking crisis is providing a boost to Bitcoin. Notwithstanding its challenge to reach $30,000, the available supply in the exchanges is dwindling. Although this isn't really a conclusive basis, this suggests something. As soon as demand rises and the supply is falling, the price will definitely rise. It's just a matter of time before the price shoots to beyond $30,000. As far as the new ATH is concerned, I think it will be happening more than a year from now, months after the halving.

[South Park]

The current banking crisis is providing a boost to Bitcoin. Notwithstanding its challenge to reach $30,000, the available supply in the exchanges is dwindling. Although this isn't really a conclusive basis, this suggests something. As soon as demand rises and the supply is falling, the price will definitely rise. It's just a matter of time before the price shoots to beyond $30,000. As far as the new ATH is concerned, I think it will be happening more than a year from now, months after the halving.

As you mention it is too soon to be thinking about the all time high, if we are lucky we could see it next year but this is also unlikely, we will probably have to wait until the third quarter of 2025 to have a realistic chance of seeing a new all time high, but this should not be a problem since this indicates we still have some time to accumulate more bitcoin for a sub 30k price, and while some could complain that they have to buy at almost double the price of the bottom we experimented a few months ago, they have no one else to blame for this but themselves as they wasted such an amazing opportunity to buy bitcoin for a low price.

[AmoreJaz]

The current banking crisis is providing a boost to Bitcoin. Notwithstanding its challenge to reach $30,000, the available supply in the exchanges is dwindling. Although this isn't really a conclusive basis, this suggests something. As soon as demand rises and the supply is falling, the price will definitely rise. It's just a matter of time before the price shoots to beyond $30,000. As far as the new ATH is concerned, I think it will be happening more than a year from now, months after the halving.

As you mention it is too soon to be thinking about the all time high, if we are lucky we could see it next year but this is also unlikely, we will probably have to wait until the third quarter of 2025 to have a realistic chance of seeing a new all time high, but this should not be a problem since this indicates we still have some time to accumulate more bitcoin for a sub 30k price, and while some could complain that they have to buy at almost double the price of the bottom we experimented a few months ago, they have no one else to blame for this but themselves as they wasted such an amazing opportunity to buy bitcoin for a low price.

on the note of achieving a new ATH, it may be far from happening but if we will see positive news, such feat may not hard to come by. however, before wishing to reach such level, why not ask yourself if you are ready for that situation to happen. because you may just regret if such situation will pass you by.

[BitcoinPanther]

The absolute time present, increase price of BTC ! Have any chances to break down the previous record of BTC price?

Bitcoin market even though cyclic tends to break its market all time high when it reaches its cycle peak.  I believe this time is no difference.  At the current state Bitcoin market is still in consolidation reason for the sideway movement.  Though there are rumors that it will have a break out, it is still unsure because as far as I know, the Bitcoin market is still in its bearish and it is just the sentiment that is transitioning to bullish due to the upcoming halving and relevant good news in the market.  As for the breaking its current ATH, I believe it can but still we need to see it happening.

As far I know gold price diminution chances to increase BTC price.

Bitcoin market is independent  from gold market.  If ever there are some instance where both prices are in sync, it is just coincident.

[South Park]

As you mention it is too soon to be thinking about the all time high, if we are lucky we could see it next year but this is also unlikely, we will probably have to wait until the third quarter of 2025 to have a realistic chance of seeing a new all time high, but this should not be a problem since this indicates we still have some time to accumulate more bitcoin for a sub 30k price, and while some could complain that they have to buy at almost double the price of the bottom we experimented a few months ago, they have no one else to blame for this but themselves as they wasted such an amazing opportunity to buy bitcoin for a low price.

on the note of achieving a new ATH, it may be far from happening but if we will see positive news, such feat may not hard to come by. however, before wishing to reach such level, why not ask yourself if you are ready for that situation to happen. because you may just regret if such situation will pass you by.

Making preparations for the upcoming bull run is very important, probably more than ever, bitcoin was created as a result of the dissatisfaction that Satoshi felt with the economic system and how governments were saving banks left and right by using tax money or by simply printing it, however while the period during the pandemic was a bad one, it is nothing compared to the systemic crisis that is coming, so not only people should invest in bitcoin thinking about the profits they can make next, they also need to think about the possibility that investing in bitcoin could protect their wealth from such crisis.

[yhiaali3]

At the present time, Bitcoin is an essential part of the global economy and is inevitably affected by it, but as we always see, the direction of Bitcoin is opposite to the direction of the dollar, because at times when people think of abandoning the dollar, their eyes are directed towards Bitcoin.

During the epidemic and in economic crises, people are afraid of losing their money, so they turn towards a safer currency, some of them turn towards gold and others towards bitcoin, so I see that the effect of bad economic conditions on fiat is good for bitcoin.

I don't know how high bitcoin can be but I'm sure it will rise to new highs.

[GreatArkansas]

The absolute time present, increase price of BTC ! Have any chances to break down the previous record of BTC price?

Yes, as always. Bitcoin never failed us to create multiple all-time highs before, and as you can see that the Bitcoin block halving of Bitcoin is the best indicator for sure of new all-time highs. Because if you can see the historical prices of Bitcoin, we can see a huge price run-up of Bitcoin on every before of Bitcoin block halving.

[fuguebtc]

At the present time, Bitcoin is an essential part of the global economy and is inevitably affected by it, but as we always see, the direction of Bitcoin is opposite to the direction of the dollar, because at times when people think of abandoning the dollar, their eyes are directed towards Bitcoin.

During the epidemic and in economic crises, people are afraid of losing their money, so they turn towards a safer currency, some of them turn towards gold and others towards bitcoin, so I see that the effect of bad economic conditions on fiat is good for bitcoin.

I don't know how high bitcoin can be but I'm sure it will rise to new highs.

We need to be a little more realistic. What you say hasn't happened yet, I mean that bitcoin is not yet an essential part of the global economy, it is not a recognized currency, nor is it chosen as a national reserve asset like gold metal or other assets. So it cannot be said that it is essential, what bitcoin is achieving on a more personal level, and we are moving up step by step. With the collapse of banks and the banking crisis showing no signs of stopping, it is clear that bitcoin is not benefiting from those collapses. I don't think bad economic conditions will be good for bitcoin, let's not forget 2022 inflation has caused bitcoin as well as other assets to be heavily dumped. Bitcoin is part of the world economy, so it will be better when the economy is stable.

[peter0425]

you are free from sharing but best to not try people believing on that specially if there are so tin possibilities , like now what you shared is commonly not to happen in the coming days or even this month or this year lol.

The current banking crisis is providing a boost to Bitcoin. Notwithstanding its challenge to reach $30,000, the available supply in the exchanges is dwindling.

the dwelling end last week when bitcoin finally broke that 30k and indeed that we can see further upgrade but not to make another ATH .

Although this isn't really a conclusive basis, this suggests something. As soon as demand rises and the supply is falling, the price will definitely rise. It's just a matter of time before the price shoots to beyond $30,000. As far as the new ATH is concerned, I think it will be happening more than a year from now, months after the halving.

https://coinmarketcap.com/currencies/bitcoin/

here it is , playing up and down to 30k for several weeks now.

[michellee]

The absolute time present, increase price of BTC ! Have any chances to break down the previous record of BTC price?

Yes, as always. Bitcoin never failed us to create multiple all-time highs before, and as you can see that the Bitcoin block halving of Bitcoin is the best indicator for sure of new all-time highs. Because if you can see the historical prices of Bitcoin, we can see a huge price run-up of Bitcoin on every before of Bitcoin block halving.

We've seen how bitcoin has broken previous BTC price records and never let us down. But the condition that we must have is that we can survive during the downturn because many people will panic at that time. Likewise, when the price of bitcoin is still at half the previous high, we have to be able to hold on as hard as we can while accumulating more bitcoins so that we can get big profits too. And for the next highest price that might come this year or next year will exceed the previous high. And if we don't prepare from now on, we won't get a big advantage and maybe we'll regret that it's too late to participate as everyone else has done.

[dragonvslinux]

It's a good thing to always considers the world economical situation before engaging on any further analysis of predicting how the future may be, but in this regard, it's not much applicable to bitcoin network because it has it own separate economy other than fiat, which is a decentralized network of blockchain, bitcoin price is not moved by other economical factors or assets because it's independent of any other asset, demand and supply is the determinant of bitcoin price among other few considerations or factors.

But given the current economic situation and the recent movements of bitcoin, it is hard to say that it is having a negative impact on Bitcoin.

This is kind of the irony of it all. Bitcoin is correlated to the wider economic environment until it no longer is. To me it largely seems detached as based on a 4-year cycle 2022 was always intended as bear market (similar to 2018 and 2014). I think it's likely inflation and other factors accelerated the bear market, particularly the first half when price dropped to $17.5K. Notably, 6 months later, the next low wasn't much lower at around $15.5K, the price that Bitcoin was likely going to reach by the end of last year whether there was high inflation or not. It's also possible the acceleration came from LUNA/FTX rather than inflation.

Since then we have seen Bitcoin recover in 2023, just like in 2019 as well as 2015, so it's hard to say this is all a coincidence and not based on Bitcoin's own inflationary policy rather than that of fiat currencies. The real test will be if a recession begins and Bitcoin makes a new low (which would be uncharacteristic based on it's cycle), then we can agree that Bitcoin's price is directly affected by the economic environment.