Bitcoin Forum
March 29, 2024, 02:18:08 PM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 [5]  All
  Print  
Author Topic: Bitcoin - The road to a SIX DIGIT price valuation  (Read 671 times)
Joshapat
Sr. Member
****
Offline Offline

Activity: 1526
Merit: 255



View Profile
August 09, 2023, 01:27:11 PM
 #81

I think 6 digits can occur in 2024 when there is a halving day, of course the increase at the halving day depends on the price at the beginning of the year, if it is still below $ 30k like now then I think 6 digits will take another 3 or 4 years, of course we hope the price soon reached 6 digits but seeing the market situation, we must always be realistic.


       ▄▄███▄    ▄███▄▄
     ▄▀▀    █    █    ▀▀▄
    ██    ▄▄▀    ▀▄▄    ██
    ▀▄▄▄█▀▀        ▀▀█▄▄▄▀
  ▄▄█▀█▄              ▄█▀█▄▄
▄█▀     ▀▀█▄     ▄▄█▀▀     ▀█▄
██          ▀█▄▄█▀          ██
▀█▄     ▄▄▄█▀▀  ▀▀▀▄▄▄     ▄█▀
  ▀█▄▄▄▀▀            ▀▀▄▄▄█▀
   █▀▀▄▄▄            ▄▄▄▀▀█
   ██  ▀▀▀▄▄      ▄▄▀▀▀  ██
    ▀▄     █      █     ▄▀
      ▀▀▄▄▄▀      ▀▄▄▄▀▀
.
cogwise
  ▄
█  █
  █
█  █
  █
█  █

  █
█  █
  █
█  █
  █
█  █
  ▀
.
Hyper-charge your trading with intelligent insights   ▄
█  █
  █
█  █
  █
█  █

  █
█  █
  █
█  █
  █
█  █
  ▀
▄█████████████████████▄
███████████████████████
████▀███████▀   ▀▀▀▄███
███▌  ▀▀███▌       ▄███
███▀               ████
███▄              █████
████▄            ██████
█████▄▄        ▄███████
████▄       ▄██████████
███████████████████████
▀█████████████████████▀

▄█████████████████████▄
███████████████████████
████████████████▀▀█████
███████████▀▀▀    █████
██████▀▀▀   ▄▀   ██████
███▄     ▄█▀     ██████
██████▄ █▀      ███████
███████▌▐       ███████
████████ ▄██▄  ████████
██████████████▄████████
▀█████████████████████▀

▄█████████████████████▄
███████████████████████
█████  ▄▄▄▄▄  ▄▀███████
█████  █████  ██▄▀█████
█████  █▀▀██▄▄▄▄  █████
█████  █▀▀▀▀▀▀▀█  █████

█████  █▀▀▀▀▀▀▀█  █████
█████  █▀▀▀▀▀▀▀█  █████
█████  ▀▀▀▀▀▀▀▀▀  █████
███████████████████████
▀█████████████████████▀

1711721888
Hero Member
*
Offline Offline

Posts: 1711721888

View Profile Personal Message (Offline)

Ignore
1711721888
Reply with quote  #2

1711721888
Report to moderator
1711721888
Hero Member
*
Offline Offline

Posts: 1711721888

View Profile Personal Message (Offline)

Ignore
1711721888
Reply with quote  #2

1711721888
Report to moderator
Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1711721888
Hero Member
*
Offline Offline

Posts: 1711721888

View Profile Personal Message (Offline)

Ignore
1711721888
Reply with quote  #2

1711721888
Report to moderator
savetheFORUM
Full Member
***
Offline Offline

Activity: 1050
Merit: 140


View Profile
August 14, 2023, 06:55:02 AM
 #82

I think 6 digits can occur in 2024 when there is a halving day, of course the increase at the halving day depends on the price at the beginning of the year, if it is still below $ 30k like now then I think 6 digits will take another 3 or 4 years, of course we hope the price soon reached 6 digits but seeing the market situation, we must always be realistic.
The market will most probably start recovering before the halving event occurs, and after the halving event, the price will keep going up since it will be in the bull run. I'm not sure if we will see it hitting six digits or not in this cycle, but I'm pretty sure that we will see it going above the previous all-time high which was $69k, and for that, the price will need to start recovering pretty quickly after the halving so that it can take it's time before the cycle starting to reverse.

A lot of people are too optimistic thinking that the price of Bitcoin will surely go above $100k this time around, but I'm not really feeling that, to be honest. I feel that we might go above $80k or something but the cycle will end there and the price will start going down again at that point.
Pages: « 1 2 3 4 [5]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!