Treating bitcoin as a teenager.

[Publictalk792]

I  agree with your point Bitcoin is still relatively young and expecting it to reach moon prices within a short period of time.
I believe that we should appreciate the significant growth that bitcoin has achieved so far considering its age. It has made remarkable strides.
We should treat bitcoin as a teenager that is still developing and has a promising future ahead. In the next Bull run it has much ability to grow significantly and if it will touch its ATH so it can go above 100K easily.

[kotajikikox]

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.

Prediction mostly exaggerating and that we can figure over the years , only few that tries to predict a normal price maybe what they wanted to tell us is that since it is only prediction there is no Hurt to bring highest that people may believe it is added to their boost in their belief.

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.   

This is the right place for this as this tackles not about literal prediction but the behavior of many for bitcoin and the other concerns .

[legendbtc]

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.

Do not expect a specific figure, but it is true that we are going to see higher, and most probably higher than ATH as well. Which means that, if you wait for a while, in the next 2 years, we are going to see above 70k. That is what I can say about bitcoin, that is a good thing, expecting it to grow to more than double in the next 2 years is as good as it gets and should be fine, I get that it is not going to be all that shocking, because people are already expecting that.

The fact that we all know that we are going to make more than double of our money, maybe quadruple of our money, in the next two years, is a big deal and should be important in the end. I personally do believe that it is going to be fine, and should be noted down eventually.

One is that we should not expect a number that is too high compared to what is happening and should be satisfied with what we get. Second: we should set a specific goal and only sell bitcoin when we reach the goal, and of course, we should not set a specific time for our goal. Because we all know that no one can predict the future and we are no exception. My goal and plan is that I will only sell when bitcoin reaches my goal and I am willing to wait until the 2030 bull season if this bull season fails to reach my goal.

[Majestic-milf]

 Bitcoin is young and still a teenager but you'd have to agree with me that it has surpassed expectations of any currency that was formed 13years ago. Bitcoin was created to change the status quo of how we view money, taking control from the government and giving it to the users. Despite it's volatility rate, it has more value than altcoins combined and I stand to be corrected on this claim, so I feel you'd cut some of us some slack if we put too much expectations on the kid(Bitcoin) ..
 Predictions are often not reliable as they seldom have much accuracy as it is made out of guesses on what an outcome will look like. Some, out of greed, will want to invest simply because a popular figure predicted Bitcoin to rise to so and so amount, which is not supposed to be
 Another reason people tend to forget that Bitcoin is still a teenager and place so much expectations is because it is believed to have the potential to make one very rich.

[KiaKia]

Bitcoin is young and that's a solid point, many people choose to stay away from Bitcoin not because they can't afford the money but because they don't want to get involved with anything that their government is not backing, and now that ETF is here I believe that loads of people will have no choice but to join the race and this time it's going to be big.

Right now the population of people in Bitcoin is still very low and after ETF approval it's going to get bigger, but there is a catch, with Black Rock involvement I believe that the opportunity in crypto space will be lower in the future, the way people make money from this crypto thing right now will be crippled by these powerful organizations.

This next bull market could be the last best because the opportunity gets lower, but one thing is certain, Bitcoin value will always grow bigger as the years goes by, so you are correct for saying that right now Bitcoin is still a teenager.

[posi]

-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.

To be honest, I also expect and hope bitcoin will reach 1 million USD because it will bring huge profits to me and I will even become rich. But we need to be realistic and need to set goals in stages, we need to reach the $100k target before we can think about a higher ATH. We cannot set too high expectations thinking that bitcoin will increase from 30k$ to 1 million USD, that is an unacceptable illusion. It took Bitcoin 14 years to reach $69k, so we need to give bitcoin more time if we want bitcoin to reach $1 million. But many people are too stubborn and too greedy to set that goal in a short time.

[taufik123]

-snip-
It could be that we are not even going to get to $150k this bull run, but let investors just take the best decision before investing so that they don't get disappointed at the end, like those that bought at $68k with a very high hope that it will get to $100k. I know that I did not buy my Bitcoin at a very high price like $60k, so even if I see $80k, I can sell some fractions and hold on to see if the surge will continue, and if it does, I will sell too at $100k and so on.

Still lucky you can buy Bitcoin at a cheap price and of course those who buy at $68k which is the previous ATH price will put enough pressure when the price is bearish and now still reaches half of it.
Imagine how long they have to hold on to keep making profits when the price has risen or reached the new ATH.

There are many targets to be taken and adjusted to the initial purchase price.
Even if it doesn't reach $100k++ we can still profit at the current price when we buy Bitcoin below $20k.
But for me for the long term, the main target I have to achieve is $100k, that's an optimistic target for me personally.

-snip-
It took Bitcoin 14 years to reach $69k, so we need to give bitcoin more time if we want bitcoin to reach $1 million. But many people are too stubborn and too greedy to set that goal in a short time.

Those who are too quick to set the price to $1 million are just too hasty, even though the increase to ATH is a gradual increase.
We are still at the $30k level and Bitcoin is still trying to continue to rise and reach the nearest ATH.
Their minds are too FOMO with crazy price speculators.

[Promocodeudo]

Everyone with their own understanding about bitcoin, OP, prediction of price is normal with bitcoin wether right or wrong, people has to expect high because the have their major investment in it, but the truth is Bitcoin is doing great, the price of Bitcoin is rising and it is normal, this happens gradually, the $100k anticipation is not an easy one, let's just keep accumulating, the over-speculation in this industry is not needed, what we need at this moment is more adoption, support from different places to make it a legal tender, as for the price, bitcoin appreciation is going in the right direction, slow and steady, I think this is in the right track. We should not place all our hope here, diversification will also help in term of holdling and forgetting.

[Blitzboy]

Bitcoin is young and still a teenager but you'd have to agree with me that it has surpassed expectations of any currency that was formed 13years ago. Bitcoin was created to change the status quo of how we view money, taking control from the government and giving it to the users. Despite it's volatility rate, it has more value than altcoins combined and I stand to be corrected on this claim, so I feel you'd cut some of us some slack if we put too much expectations on the kid(Bitcoin) ..
 Predictions are often not reliable as they seldom have much accuracy as it is made out of guesses on what an outcome will look like. Some, out of greed, will want to invest simply because a popular figure predicted Bitcoin to rise to so and so amount, which is not supposed to be
 Another reason people tend to forget that Bitcoin is still a teenager and place so much expectations is because it is believed to have the potential to make one very rich.

Teenage Bitcoin? Sure, lifespan-wise. However, let's not become emotional. This is hard economics and revolutionary technology, not a coming-of-age story. Outperforming expectations? It happens when you introduce a radical new idea into a stale, controlled system. Regarding worth. Bitcoin dominating altcoins? Just scratching the surface. Bitcoin symbolizes decentralization and is more than a currency. Volatility isn't a trivial issue. The big, prominent asterisk can make your investment a rollercoaster. Let's not talk predictions.  Bitcoin's volatility is what makes it so appealing. A bet, not just an investment. Yes, it could make you rich. Thats the future. Everyone wants a shortcut to money, but there are no guarantees, only high stakes and rewards. So focus on bitcoin

[Lorence.xD]

Bitcoin is literally still at its early age despite existing for decades, cause we all know that some other currencies already exist earlier than Bitcoin, but as we compare from their highest peak, we can't argue that Bitcoin's value is much higher than the rest. It might take a lot of years for Bitcoin to reach something like $100k so I wouldn't expect much higher than that cause we can't still predict the outcome of a volatile coin. Cause even if Bitcoin might not reach $100k, we can still make a huge profit from its price by just simply changing its value. Even from the $20k-$25k value of Bitcoin if you invested at that value and took profit from its current price, for sure you still made money. People who expect a lot from Bitcoin is probably new investors who want the same experience as people who became millionaire of Bitcoin.

[jeraldskie11]

I  agree with your point Bitcoin is still relatively young and expecting it to reach moon prices within a short period of time.
I believe that we should appreciate the significant growth that bitcoin has achieved so far considering its age. It has made remarkable strides.
We should treat bitcoin as a teenager that is still developing and has a promising future ahead. In the next Bull run it has much ability to grow significantly and if it will touch its ATH so it can go above 100K easily.

I agree that Bitcoin is still young not because of the age but because the exposure we want is not happening yet. I will only say that Bitcoin is on the adult stage if the volatility is almost the same with fiat, what I mean is that if there's an institution wants to sell their assets, it wouldn't affect the price like it's a dead currency. We don't expect too much about forex investors because they knew Bitcoin already, maybe they only need more time before they going to transitioned to Bitcoin or invest some of their wealth in it. We don't know, maybe they are just around the corner waiting for Bitcoin adoption expand even further.

[adultcrypto]

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.

In terms of the growth in price, I agree with your post that the expectation from Bitcoin is too high. However, in terms of impact, I feel the expectations is fine and a welcomed development. Remember that Bitcoin is an revolutionary innovation that was created to provide a better alternative to global financial system where accessibility, privacy and freedom are the focus. To this end, Bitcoin is yet to gain that adoption and acceptance considering that it is a revolution that usually changes everything within a short time.

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.

In terms of price growth, Bitcoin have done exceptionally good and have provided huge opportunity for people to profit. Those not satisfied with the growth of Bitcoin price probably came late to Bitcoin and are eager to see a repeat of the rapid growth Bitcoin have experienced since inception.  I still believe that Bitcoin will still rise far more than it has done already but this will require some time.

[Hewlet]

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.
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.

this is very true. The hype is damn much and part from the investor angle, new persons coming into the forum might be feed with one sided narrative on bitcoin investments and might think that it is always going to be a win win thing. I guess it is very necessary that while we show people the good side of Bitcoin, we shouldn't make them belief that it is one perfect means to an end that is better than investing in any other thing.

There was a time I made a thread regarding other investment that the knowledge of bitcoin could help us scale very well in, I received some discouraging comments that seems to suggest that bitcoin is the best and that no other investment could amount to greater returns compared to Bitcoin. I like the decentralise nature of bitcoin but that doesn't make it the most perfect and surest source of investment

[famososMuertos]

It is relative to put ages on Bitcoin in human equivalence, in fact I don't think the price is the best comparison, bitcoin has been growing and dying many times, literally with price.

There is only one thing you have to always have with bitcoin: trust, and this regardless of whether you treat him as a problematic teenager or an old man with rheumatism. 

[Ale88]

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.   

I agree with you, people tend to forget how new bitcoin is after all. We live in an era where we are used to have everything fast, and we want it now, that's why there are so many people who lose money while they try to get rich pretty much overnight with some ridiculous investment, people have no patience so they say that bitcoin doesn't work/it has failed because they have expectations that are just too high.

[bettercrypto]

You know when an investor really understands Bitcoin as an investment. It will never feel disappointment in Bitcoin because it knows its pros and cons. This is the logic I see when you have a deep understanding of Bitcoin.

With the opportunities that we have now, almost most of the community here in the bitcoin and crypto industry has very high expectations for the upcoming bitcoin halving and bull run, but the question is, what if what they expect in bitcoin does not happen?

[icalical]

I do agree that Bitcoin is still young, but because of this youth that people could expect to speculate on Bitcoin, because the market is still very volatile, this is the right time for those speculator to speculate on Bitcoin price and to expect to gain much profit from it. I think when the bitcoin market is mature, the price will be more stable, it will be difficult to speculate on it, so people wouldn't gain much profit.

[Lida93]

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.   

I agree with you, people tend to forget how new bitcoin is after all. We live in an era where we are used to have everything fast, and we want it now, that's why there are so many people who lose money while they try to get rich pretty much overnight with some ridiculous investment, people have no patience so they say that bitcoin doesn't work/it has failed because they have expectations that are just too high.

If am not mistaking prior to bitcoin there have existed other cryptocurrency before now which die before the project even started but here's bitcoin which at first greater number of us who are adopters today 10 years ago  never thought bitcoin could gain the value it has now with an ATH of $69k.

The mainstream is doing great when set juxtaposition to other tech devs that were all created same period with and that's why we've to appreciate that level it's going, too high expectations and predictions can be misleading to others who are just getting to adopt bitcoin when they read those high figures with expectations and at the end of the halving and bull run it wasn't met I wonder what thoughts would be going through their heads.

[retreat]

It's true that many people today are overly enthusiastic about Bitcoin and make many predictions that don't actually make sense. Like Kraken CEO who stated that Bitcoin would reach $1 million USD in the next few years, and some said that Bitcoin could become a digital asset that would overcome poverty, this is too much. Let's think logically, because I am also a Bitcoin enthusiast, but I also think logically and don't just predict Bitcoin without clear analysis.

[suzanne5223]

Although Bitcoin may appear to be in the financial global economy market it will the verge of being a teenager once the spot ETF is approved which will pave the way for BTC to penetrate the financial market.
Having said that, most claimed professional or Bitcoin enthusiasts who make unreasonable price predictions of BTC are doing so to gain public attention while also trend in the news