Treating bitcoin as a teenager.

[pinggoki]

The ones that expect too much from bitcoin and complain if they don't get what they expect are the new ones. I mean, they've entered bitcoin lately because of the hype. They joined it and invested in it, thinking that in an instant they could earn a lot from it, but it's not. That's why they are the ones that complain too much about bitcoin, but for those who're in bitcoin even at its lowest price, they understand a lot about bitcoin, like what the OP says's bitcoin still has a lot of potential in the future. Imagine that bitcoin is still strong after several years, indicating that bitcoin will still be strong and has the potential to grow. What I'm referring to is its technology; bitcoin can still be used in many things; we never know. That's why I don't listen to the people who complain too much about bitcoin, because I know they are the inpatient ones.

Can't blame them though, they've probably heard of bitcoin from people that have hyped it up and probably have told them that the returns in investing in bitcoin is probably pretty high and that they can multiply it in such a speed that they got into it out of fear of missing out on potential profits and then they get in and they end up getting paying the wrong price which is experiencing losses because they bought at the wrong time. Don't close too quickly your mind in regards to people who complain, you can always listen to them complain but always take their words with a grain of salt.

[taufik123]

Your logic is quite interesting, but it is what it is. Bitcoin is still young, but many people wants it to be worth a million even before it turns 18 years old, when we can actually consider it a full adult. Although it's just a lot of speculation for some people, for those who actually take those predictions so seriously, they end up getting disappointed if the price actually doesn't get to what they had expected. For me, I accept my faith in whatever outcome I get and am not very bet on resting my hope on one thing. Let's assume that Bitcoin doesn't get to $100k this coming bull market.
-snip-

To be precise, Bitcoin is now 14 years old and this is still very young for Bitcoin.
But seeing the many impacts that occur in the economic sector Bitcoin plays a role as the most desirable digital asset,
Bitcoin is growing well until now with several adoptions made.

People who only speculate about the price of Bitcoin that can reach $1 million or even more because they are too obsessed with Bitcoin and want Bitcoin to reach that price. For me, I don't really expect an unreasonable price for now.

Just $100k if it is really achieved is my first target point.
But if as you said, Bitcoin is not able to reach the ATH of $100k and tends to be below that is certainly not a problem,
$80k-$90k is a good enough price to take some profits.

[Blitzboy]

It seems hesitant and overprotective. Bitcoin is only 13 years old, but in tech, thats a lifetime. Digital assets like Bitcoin mature faster than traditional assets due to rapid technological and market changes. Its a prodigy entering adulthood waiting to shake up the status quo.

Many are distracted by gold and forex comparisons. Bitcoin is uniquely different. This is a technological revolution in decentralisation and blockchain technology, not just another financial instrument. Its unfair to compare its growth to centuries-old assets.

High price forecasts are sometimes unrealistic. But arent innovation and market disruption always disruptive? Big dreams drive big results. Despite constant scepticism, Bitcoin has always proven them wrong. Not simply price, but underlying worth and revolutionary potential. That should be prioritised.

[posi]

Your logic is quite interesting, but it is what it is. Bitcoin is still young, but many people wants it to be worth a million even before it turns 18 years old, when we can actually consider it a full adult. Although it's just a lot of speculation for some people, for those who actually take those predictions so seriously, they end up getting disappointed if the price actually doesn't get to what they had expected. For me, I accept my faith in whatever outcome I get and am not very bet on resting my hope on one thing. Let's assume that Bitcoin doesn't get to $100k this coming bull market.
-snip-

People who only speculate about the price of Bitcoin that can reach $1 million or even more because they are too obsessed with Bitcoin and want Bitcoin to reach that price. For me, I don't really expect an unreasonable price for now.

Just $100k if it is really achieved is my first target point.
But if as you said, Bitcoin is not able to reach the ATH of $100k and tends to be below that is certainly not a problem,
$80k-$90k is a good enough price to take some profits.

I agree with you on this, too many people are haunted by bitcoin's past. Just because bitcoin can go from $0.01 to $69k, they think bitcoin will be able to do it again easily and that going to $1 million is very easy. But they forgot to look at the market capitalization of bitcoin and that is why in recent years bitcoin no longer brings x100, x1000 profits like before, the profits that bitcoin brings are only x5, x10, and this number will get smaller and smaller as bitcoin gets bigger and bigger.

Of course, anyone wants bitcoin to cost $1 million but we need to be realistic and it won't happen soon and it won't be easy. Even the goal of 100k USD that we have cherished for so long, but bitcoin still cannot be achieved, thinking about further goals is really too delusional.

[EarnOnVictor]

I have read many articles exaggerating bitcoin price prediction's from both those who claim to be professionals and diverse bitcoin enthusiasts which I felt the necessity within to drop this piece figuratively.

For me, people who have popularity definitely have an impact when talking about bitcoin, including predicting the price of bitcoin in the future. Although sometimes their predictions are off the mark and the price is too high.

More people predicting the price of bitcoin will create positive news for bitcoin and this will make it work organically and more people will do it interested in holding bitcoin. Influential people like Robert Kiyosaki and Elon Mask often exert significant influence when talking about Bitcoin or predicting Bitcoin prices.

I believe you do not understand the market psychology, there must be a strong and true value shared by your so-called influential persons before Bitcoin would react to their view. Take, for example, Elon Musk, he was so influential in the crypto space simply because he added value as a very rich man and used his company as leverage by dealing with crypto.

And you can't see him analyzing/predicting like those people the OP is trying to point to, he will never call a certain market price, but he could say it's going to the moon. Those people who have an asset in crypto and have a working company dealing with crypto have a huge say in the space, but not the normal investors and speculators who will just be calling prices that are mainly outrageous.

This applies to whales as well, their analysis means nothing unless they act with their money in relation to crypto. Even if they are influential, their analysis will not move a pin especially if they are unrealistic and unreasonable. This is how the market can preserve its sanctity.

[kryptqnick]

Bitcoin is still a young currency, but, considering that it doesn't really have any agency of its own, I'm not sure how relevant comparison to human development is. Bitcoin is what people make of it, it doesn't do anything itself, so if we are treating it as immature, I suppose it kind of makes it so, but that's on us, not on Bitcoin. It remains to be seen whether Bitcoin will ever get stable in terms of the price and stop having long bearish and short bullish phases. Perhaps we should just accept it instead of expecting it to 'grow up'.

[Essential10]

It's true that the price of Bitcoin has been a dream since its inception. When we buy a product we choose a brand. The higher the visibility of the brand, the higher the value. I think Bitcoin is a brand. Ever since we created Bitcoin, its visibility is so high, so its value is so high. Bitcoin is set to become a global financial medium. There are many who consider Bitcoin to be a bullish future, which I find to be an inspiration for Bitcoin to move forward. Due to such high expectations of the future, Bitcoin investment is increasing day by day.I think Bitcoin will one day surpass its human expectations.

[taufik123]

-snip-
Just because bitcoin can go from $0.01 to $69k, they think bitcoin will be able to do it again easily and that going to $1 million is very easy. But they forgot to look at the market capitalization of bitcoin and that is why in recent years bitcoin no longer brings x100, x1000 profits like before, the profits that bitcoin brings are only x5, x10, and this number will get smaller and smaller as bitcoin gets bigger and bigger.

It's actually not easy, Bitcoin can reach an ATH of $69k, but there are many obstacles and even pros and cons.
It has been 14 years since Bitcoin was present which was initially only underestimated and considered useless digital money, no one even accepted Bitcoin.

But in the end, everything changed and gradually Bitcoin began to be accepted and the price began to soar until now, of course, it was a difficult road for Bitcoin.

About making x100, x1000 or even reaching $1 million is just a speculation that might be quite crazy for now.
x5 or x10 is already a pretty extraordinary increase, people who are still lacking with the increase are indeed too greedy.

Of course, anyone wants bitcoin to cost $1 million but we need to be realistic and it won't happen soon and it won't be easy. Even the goal of 100k USD that we have cherished for so long, but bitcoin still cannot be achieved, thinking about further goals is really too delusional.

Just need to wait and be patient on Bitcoin's journey.
See how past history has made bitcoin stronger until now.

The $100k goal is still quite reasonable and will certainly be achieved, but it takes time.
Nothing runs instantly, everything needs a process.

[Best-mary]

I have read many articles exaggerating bitcoin price prediction's from both those who claim to be professionals and diverse bitcoin enthusiasts which I felt the necessity within to drop this piece figuratively.

We are expecting too much from bitcoin in just a short time of about 13years since it's creation. By logic bitcoin is just a teenager who has not yet attained the status of adulthood like the forex market for example, yet it has penetrate and saturate the financial market (global economy) becoming the talk of the town in the internet like it has been here 50 years ago.

The high expectations should be moderated so we can be able to appreciate the milestone growth bitcoin price has made. Commensurable with its age bitcoin price is doing great and only those who are not highly expectant setting their price  scale at a great distance of 100k, 150k, 200k will care to appreciate the feat, some even predict as high as $1M in the next bull run and when the price doesn't go even close as expected they complain that the performance of bitcoin has been poor.

And this can be so discouraging for investors that planned on long term hodling with such a high expectancy. Learn to treat bitcoin like a teenager that's just coming up and still has its future ahead of it and stop the unequal comparison with other financial instruments like gold that have been around for decades.

A number of persons might suggest i move the topic to speculation board, however, I fondle it also suites here because the topic is not giving a prediction for BTC price but otherwise.   

When you go to Twitter, the predictions get funnier. I could remember when Bitcoin was at $31k and almost all the professional traders as they tag themselves claimed that BTC would fall from there. All of a sudden BTC rose to $34k.

The moral of this is to make sure you make your informed decision.. There are a couple of news apps and even some exchanges are doing well in giving out some daily news insights. So rather than listening to their speculations, make your prediction and be prevented from expectations

[Lida93]

Your logic is quite interesting, but it is what it is. Bitcoin is still young, but many people wants it to be worth a million even before it turns 18 years old, when we can actually consider it a full adult. Although it's just a lot of speculation for some people, for those who actually take those predictions so seriously, they end up getting disappointed if the price actually doesn't get to what they had expected. For me, I accept my faith in whatever outcome I get and am not very bet on resting my hope on one thing. Let's assume that Bitcoin doesn't get to $100k this coming bull market.
-snip-

To be precise, Bitcoin is now 14 years old and this is still very young for Bitcoin.
But seeing the many impacts that occur in the economic sector Bitcoin plays a role as the most desirable digital asset,
Bitcoin is growing well until now with several adoptions made.

By the age it's crystal clear bitcoin has over performed itself and it's by this extraordinary performance in the economic sector by a digital asset that is not under the control of any particular central authority that has twisted the thoughts of people to expect it to do much more but within a short time and that probably can't be achievable in the shortest frame.

People who only speculate about the price of Bitcoin that can reach $1 million or even more because they are too obsessed with Bitcoin and want Bitcoin to reach that price. For me, I don't really expect an unreasonable price for now.

IMO, Saying they are too obsessed which is why they speculate $1 million is like giving an excuse for them, for me it's impatient they are exercising and not obsession. I bet you should bitcoin hit a $1 million price today or in the next bull run many people will be scared of continuing suspecting a fowl play next on.

Just $100k if it is really achieved is my first target point.
But if as you said, Bitcoin is not able to reach the ATH of $100k and tends to be below that is certainly not a problem,
$80k-$90k is a good enough price to take some profits.

$100k sounds logical, achievable somehow and if it doesn't we all have to be cool with what price we get, plus or minus we won't be getting a poor price.

[Z-tight]

I have read many articles exaggerating bitcoin price prediction's from both those who claim to be professionals and diverse bitcoin enthusiasts which I felt the necessity within to drop this piece figuratively.

I don't like it when people take BTC as only an investment and a tool to make more money for themselves, people who are obsessed with this thought are the ones that make people who don't really understand BTC to think that it is nothing more than a pyramid or money doubling scheme. It is also worth mentioning that you should pay no attention to people who say they are crypto 'professionals' or 'experts'.

BTC is volatile and you can make profit from holding it, but it was created to be a payment option, a decentralized and permissionless currency that can be used for payments. It is always important to point out that fact, so people don't miss the point about BTC.

[Jawhead999]

Adulthood for Bitcoin would be when its actually normal and common to buy things with Bitcoin, but that'd probably like 20 years out from now. It's still a little kid for now.

I doubt if we can treat Bitcoin as a common currency to buy things because talking about something expensive e.g. gold or stock is still considered as rich for many people. People only think it's normal when we're use fiat, using branded stuffs is also quite normal considering the new generations tend to express their own fashion style.

[Marvelman]

I think Bitcoin's still just a baby in terms of how many people actually use it.  I mean, it's been around for over a decade, which is pretty old for a new technology.  but most regular folks still look at you funny if you try to pay for stuff with it. and  It's kind of like Bitcoins the cool kid in high school who's got a solid crew of friends but hasn't taken over the whole campus yet.    For Bitcoin to really blow up, it's gotta get as comfy as your go-to coffee order.  So its young if you're talking how many people use it every day but it's growing up.

[Zlantann]

The high expectations predictions sure can be moderated provided we all respectively decides to be intentional with our predictions and not out of a freedom of speech as you stated and not using bitcoin price prediction as a medium to sell our personality and institution to public notice. Because I observe these millionaires we classify as whales pull up some of these figures from nowhere just to sell their name in the news.

Like others have said everyone is entitled to his or her opinion or projections. When you go to a conventional market in countries where prices are not regulated every buyer or seller decides their preferred price. For me, I don't listen to any so-called bitcoin analyst or enthusiast to plan how to buy or sell my coins. Most of these predictions have no explanation or basis to back these outrageous price claims. The majority of these predictions don't even come to pass, only a few happen due to coincidence. Do your research, read from the forum and follow your instinct.    

Whether we predict the price so high or moderate new and more investors will continue to resurface bitcoin doesn't need our high predictions to attract in new investors. A good investor would have to do his own research and know for himself to invest in a project or not and not by what the crowd are chanting.

Using high-price prediction to attract newcomers is like telling them that Bitcoin is a get-rich-quick scheme. It is not wrong to tell people your predictions but referring people to the forecast of some of these social media bitcoiners with the aim of enticing them to invest in Bitcoin is not proper. These predictions are done based on trial and error.  

[Jegileman]

The high expectations should be moderated so we can be able to appreciate the milestone growth bitcoin price has made. Commensurable with its age bitcoin price is doing great and only those who are not highly expectant setting their price  scale at a great distance of 100k, 150k, 200k will care to appreciate the feat, some even predict as high as $1M in the next bull run and when the price doesn't go even close as expected they complain that the performance of bitcoin has been poor.

Since the anticipation of a new all-time high in bitcoin has been mentioned in this forum and on online platforms, I have exclusively considered bitcoin as an investment that I am confident will provide a decent return. I don't set or expect the price to achieve a specific figure; all I know is that bitcoin will surpass its present all-time high and establish a new value that no one can predict. To decrease the likelihood of disappointment, I remind myself that anything I invested in bitcoin before to the bull run would have yielded some profit, which is fine with me. Setting price standards for bitcoin will only leads to dissatisfaction of bitcoin performance which is not yet old to be expecting wonders from it.

[Wexnident]

~

I think it's because its growth is exponential. Well based on the charts anyway. So people can't help but expect more from it I guess. And it's not exactly odd or weird that people expect more from a coin that has already performed as well as Bitcoin, I mean at most the last ATH would probably be their minimum standard at that point. Yes, it can also be impossible for Bitcoin to not reach a new ATH, but hey, it hasn't failed us at least these past few halvings though, at least for now.

Besides, it's not exactly expensive to push out random predictions. Just treat it as them having fun imo and judge the ones that actually make sense.

[Ruttoshi]

Bitcoin is a teenager but it has a good potential than so many adult in terms of assets. Have you not seen a teenager that is wealthy than an old man because of his potentials. Example are footballers and artists, I see bitcoin in such position and that is why you see that so many people are expecting so much from bitcoin because it has really proved to the world that she might be capable of what is expected from her. Bitcoin is a teenager with an adult brain.

It is the price movement that makes it more valuable and appreciated because for long term hodlers, they will be calm with their hodling and DCA regular, until they reach their bitcoin target and sell at their target price. With Hodli, you can believe that bitcoin ought be an adult by the time, when you will have reached your timeline and why wouldn't you expect much from it by then, when you have patiently and nurse you bitcoin portfolio grow into an adult

[taufik123]

IMO, Saying they are too obsessed which is why they speculate $1 million is like giving an excuse for them, for me it's impatient they are exercising and not obsession. I bet you should bitcoin hit a $1 million price today or in the next bull run many people will be scared of continuing suspecting a fowl play next on.

It's like launching Bitcoin to the moon directly with a high-speed rocket, then releasing it to the earth again until it hits the ground and it's over.
What is done instantly is not good and there will be some negative effects.

Bitcoin has high volatility and its price will fluctuate, this will make bitcoin rise and fall gradually following how market demand and market trends.
All of that is a process that is current and to be able to achieve certain goals and there will be several obstacles that must be faced.

$100k sounds logical, achievable somehow and if it doesn't we all have to be cool with what price we get, plus or minus we won't be gettingand  a poor price.

Very logical and it is a common prediction expected by many traders today.
Stay patient and calm with the price we bought today.
Stick to one target and it will be profitable.

-snip-
And it's not exactly odd or weird that people expect more from a coin that has already performed as well as Bitcoin, I mean at most the last ATH would probably be their minimum standard at that point. Yes, it can also be impossible for Bitcoin to not reach a new ATH, but hey, it hasn't failed us at least these past few halvings though, at least for now.

yes Bitcoin always satisfies everyone when the Halving happens.
We will pass the 4th Halving quite well and it will be a new history in the growth of Bitcoin.

[Rockstarguy]

I can agree on that; we have been expecting too much from Bitcoin lately. We can realise that when we see the current unrealistic predictions about the price of bitcoin. Bitcoin is unstoppable, and I admit it's on the primary stage yet. Bitcoin doesn't have mass adaptation yet, like the stock market. Bitcoin would reach $1 million as well, but we need a lot of time to see it. The world is moving forward with digitization, so our next generation will move with that. A lot of new investors, including institutional investors, are starting to move into Bitcoin. So yeah, once Bitcoin matures, we will see a huge impact.

In this few time that Bitcoin have existed many people are expecting so much from bitcoin to give all the money all the money they want in life. The main purpose of bitcoin is to support as to help investors of having double of their investment after hodling but still people are looking for more than this from bitcoin.

Just in the short time of bitcoin have gained good value compared to the early time of bitcoin, and it is still have more value as people are getting to know it more. Bitcoin is having more awareness and some countries have started adopting bitcoin as ledger tender.

[Helena Yu]

I think Bitcoin's still just a baby in terms of how many people actually use it.  I mean, it's been around for over a decade, which is pretty old for a new technology.  but most regular folks still look at you funny if you try to pay for stuff with it. and  It's kind of like Bitcoins the cool kid in high school who's got a solid crew of friends but hasn't taken over the whole campus yet.    For Bitcoin to really blow up, it's gotta get as comfy as your go-to coffee order.  So its young if you're talking how many people use it every day but it's growing up.

Lol I understand what you're saying

It's correct people are surprised when you're going to pay something using Bitcoin since they thought it's scam or worthless.

"0.05 BTC? hmm that's really small, $50 is still bigger than that", this kind people might still exist despite anyone can check Bitcoin price less than 10 seconds.