Treating bitcoin as a teenager.

[Baofeng]

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.   

Nah, I think will we find even if we hear this kind of predictions and numbers. Lest you forget in very beginning, there are a lot of early investors who for unknown reasons, after investing on it think that it won't go that far. But look at where the price to this day, and we have heard stories that they have regret selling their stash when they just bought it at $1-$10.

Yes, the market is fairly young, but if you are going to compare it to other assets, it's one of the best mover in it's 10 years history.

So it could be a teenager, but it has a lot of potential obviously. So let's just welcome with open arms those predictions as I don't think it will discourage investors. On the contrary, I think it will make them invest more in the market.

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[summonerrk]

Therefore, I agree that the price of $ 60k is very important for such a phenomenon as bitcoin. I perfectly remember the moment when a friend told me about bitcoin conda it cost a hundred dollars! I just think what a journey has been made since that moment. What conclusion can be drawn from all this? Bitcoin will not soon renew its All-Time High, because the price is probably growing too fast. So it's better to play in a bear market.

Why do you think that Bitcoin will not update ATH soon? It seems to me that he is moving very confidently towards this goal, but maybe it won’t happen this year and maybe it won’t even happen next year, but I expect 2024-2025 to be the time when the bull market will come and at that time everything will grow.

So, in my opinion, we have to wait not so long and perhaps for us still waiting some corrections, because it cannot only grow constantly, but there is not long left until the bull market.

If you look as far as in the period including 2025, then updating all time high no longer seems impossible on the desktop. But in the near future, the price is too close to hitting the levels around 44000, which are the top of the current small trend. At the same time, if you look back a little, then not so long ago the price of bitcoin could not overcome the resistance level at 48000. Based on these figures, I think that the price will not be able to gain a foothold above 50,000 even if it breaks 48,000. And even if the society has a positive attitude towards the new year and Christmas, I think that the price may well fall no lower than 25,000.

If you are talking about short term this year or before halving then I agree with what you said. Even if bitcoin surpasses $50K this year, there is no guarantee that we are definitely in bull season and the price will never fall again. Given the current market situation, what is going on is just hype surrounding ETF news and I believe that once the SEC delays again. Everything could easily go back to where it started from like a few weeks ago. We cannot enter the bull season until halving takes place.

I think halving is overrated in terms of its impact on the market. He had an insane increase in the price of bitcoin just because no one expected it. But now society has noticed this correlation for a long time and growth is not so possible. Remember Litecoin - nothing happened when halving it. Precisely because everyone was waiting for growth. I think the market has one rule that is always fulfilled: to be as unpredictable as possible.

[fuguebtc]

Therefore, I agree that the price of $ 60k is very important for such a phenomenon as bitcoin. I perfectly remember the moment when a friend told me about bitcoin conda it cost a hundred dollars! I just think what a journey has been made since that moment. What conclusion can be drawn from all this? Bitcoin will not soon renew its All-Time High, because the price is probably growing too fast. So it's better to play in a bear market.

Why do you think that Bitcoin will not update ATH soon? It seems to me that he is moving very confidently towards this goal, but maybe it won’t happen this year and maybe it won’t even happen next year, but I expect 2024-2025 to be the time when the bull market will come and at that time everything will grow.

So, in my opinion, we have to wait not so long and perhaps for us still waiting some corrections, because it cannot only grow constantly, but there is not long left until the bull market.

If you look as far as in the period including 2025, then updating all time high no longer seems impossible on the desktop. But in the near future, the price is too close to hitting the levels around 44000, which are the top of the current small trend. At the same time, if you look back a little, then not so long ago the price of bitcoin could not overcome the resistance level at 48000. Based on these figures, I think that the price will not be able to gain a foothold above 50,000 even if it breaks 48,000. And even if the society has a positive attitude towards the new year and Christmas, I think that the price may well fall no lower than 25,000.

If you are talking about short term this year or before halving then I agree with what you said. Even if bitcoin surpasses $50K this year, there is no guarantee that we are definitely in bull season and the price will never fall again. Given the current market situation, what is going on is just hype surrounding ETF news and I believe that once the SEC delays again. Everything could easily go back to where it started from like a few weeks ago. We cannot enter the bull season until halving takes place.

I think halving is overrated in terms of its impact on the market. He had an insane increase in the price of bitcoin just because no one expected it. But now society has noticed this correlation for a long time and growth is not so possible. Remember Litecoin - nothing happened when halving it. Precisely because everyone was waiting for growth. I think the market has one rule that is always fulfilled: to be as unpredictable as possible.

You cannot compare LTC's halving with bitcoin because their demand in the market is different. Even you, are you investing in LTC and believing in its future? But with bitcoin, I believe you have faith and are holding a more significant number of bitcoins. Not to mention, LTC is even undervalued than many other altcoins and its market capitalization is not comparable to bitcoin. Meanwhile, the entire market depends on bitcoin, bitcoin dominance accounts for more than 50% of the entire market capitalization...lots of difference. So, it cannot be said that just because the LTC halving did not bring any price increase that the same will happen to bitcoin.

[Wend]

Therefore, I agree that the price of $ 60k is very important for such a phenomenon as bitcoin. I perfectly remember the moment when a friend told me about bitcoin conda it cost a hundred dollars! I just think what a journey has been made since that moment. What conclusion can be drawn from all this? Bitcoin will not soon renew its All-Time High, because the price is probably growing too fast. So it's better to play in a bear market.

Why do you think that Bitcoin will not update ATH soon? It seems to me that he is moving very confidently towards this goal, but maybe it won’t happen this year and maybe it won’t even happen next year, but I expect 2024-2025 to be the time when the bull market will come and at that time everything will grow.

So, in my opinion, we have to wait not so long and perhaps for us still waiting some corrections, because it cannot only grow constantly, but there is not long left until the bull market.

If you look as far as in the period including 2025, then updating all time high no longer seems impossible on the desktop. But in the near future, the price is too close to hitting the levels around 44000, which are the top of the current small trend. At the same time, if you look back a little, then not so long ago the price of bitcoin could not overcome the resistance level at 48000. Based on these figures, I think that the price will not be able to gain a foothold above 50,000 even if it breaks 48,000. And even if the society has a positive attitude towards the new year and Christmas, I think that the price may well fall no lower than 25,000.

If you are talking about short term this year or before halving then I agree with what you said. Even if bitcoin surpasses $50K this year, there is no guarantee that we are definitely in bull season and the price will never fall again. Given the current market situation, what is going on is just hype surrounding ETF news and I believe that once the SEC delays again. Everything could easily go back to where it started from like a few weeks ago. We cannot enter the bull season until halving takes place.

I think halving is overrated in terms of its impact on the market. He had an insane increase in the price of bitcoin just because no one expected it. But now society has noticed this correlation for a long time and growth is not so possible. Remember Litecoin - nothing happened when halving it. Precisely because everyone was waiting for growth. I think the market has one rule that is always fulfilled: to be as unpredictable as possible.

It's not that people are overestimating the halving, it's that history has shown us that and what people are expecting is for history to repeat itself. I'm also thinking about this, when everyone is looking forward to the halving event and thinking that bull season will come. But the market is not just us, the market makers are the ones controlling this game. They are manipulating us, they always make bitcoin go against the crowd's expectations. So I thought maybe they would change the rules a little to make people panic.

[summonerrk]

Therefore, I agree that the price of $ 60k is very important for such a phenomenon as bitcoin. I perfectly remember the moment when a friend told me about bitcoin conda it cost a hundred dollars! I just think what a journey has been made since that moment. What conclusion can be drawn from all this? Bitcoin will not soon renew its All-Time High, because the price is probably growing too fast. So it's better to play in a bear market.

Why do you think that Bitcoin will not update ATH soon? It seems to me that he is moving very confidently towards this goal, but maybe it won’t happen this year and maybe it won’t even happen next year, but I expect 2024-2025 to be the time when the bull market will come and at that time everything will grow.

So, in my opinion, we have to wait not so long and perhaps for us still waiting some corrections, because it cannot only grow constantly, but there is not long left until the bull market.

If you look as far as in the period including 2025, then updating all time high no longer seems impossible on the desktop. But in the near future, the price is too close to hitting the levels around 44000, which are the top of the current small trend. At the same time, if you look back a little, then not so long ago the price of bitcoin could not overcome the resistance level at 48000. Based on these figures, I think that the price will not be able to gain a foothold above 50,000 even if it breaks 48,000. And even if the society has a positive attitude towards the new year and Christmas, I think that the price may well fall no lower than 25,000.

If you are talking about short term this year or before halving then I agree with what you said. Even if bitcoin surpasses $50K this year, there is no guarantee that we are definitely in bull season and the price will never fall again. Given the current market situation, what is going on is just hype surrounding ETF news and I believe that once the SEC delays again. Everything could easily go back to where it started from like a few weeks ago. We cannot enter the bull season until halving takes place.

I think halving is overrated in terms of its impact on the market. He had an insane increase in the price of bitcoin just because no one expected it. But now society has noticed this correlation for a long time and growth is not so possible. Remember Litecoin - nothing happened when halving it. Precisely because everyone was waiting for growth. I think the market has one rule that is always fulfilled: to be as unpredictable as possible.

It's not that people are overestimating the halving, it's that history has shown us that and what people are expecting is for history to repeat itself. I'm also thinking about this, when everyone is looking forward to the halving event and thinking that bull season will come. But the market is not just us, the market makers are the ones controlling this game. They are manipulating us, they always make bitcoin go against the crowd's expectations. So I thought maybe they would change the rules a little to make people panic.

Exactly. Huge portions of FUD are very easily spread across the posts of news publications and cryptocurrency sites, and their sources are just campaigns that may well have huge accounts in cryptocurrencies.

If we consider Elon Musk as an example, he vividly showed everyone how coolly the rich can manipulate the market, and how easily the players of the cryptocurrency market submit to ensenuations.

The rule always works: "don't go where everyone is going."

[Blitzboy]

`

Exactly. Huge portions of FUD are very easily spread across the posts of news publications and cryptocurrency sites, and their sources are just campaigns that may well have huge accounts in cryptocurrencies.

If we consider Elon Musk as an example, he vividly showed everyone how coolly the rich can manipulate the market, and how easily the players of the cryptocurrency market submit to ensenuations.

The rule always works: "don't go where everyone is going."

Its true that the cryptocurrency market is a playground for rich people and that tweets can change everything. This is a truth that cant be denied. Elon Musk's wild behavior? They're just the tip of the iceberg. Theres more to it than just manipulating the market. There are big players who play a psychological game with the masses, and the crowds dance.

"Dont go where everyone is going" is your rule? Right on, but lets go even further. Say this instead: "Dont just swim against the current; be the current." Crypto fans need to stop just watching the market and start taking part with knowledge. Its good to be skeptical, but lets feed it with facts, not just feelings.

We need to break down these FUD efforts and figure out where they came from and why they are doing what they are doing. Why? To uderstand those who try to control the market. Remember that the best move in chess is the one your opponent doesnt see coming. Be wise and we will all be rich together

[SAHASAN]

I am sure that only 10 years holding is enough for change the life of any people with only invest 10% of his income.

[Mr.suevie]

Therefore, I agree that the price of $ 60k is very important for such a phenomenon as bitcoin. I perfectly remember the moment when a friend told me about bitcoin conda it cost a hundred dollars! I just think what a journey has been made since that moment. What conclusion can be drawn from all this? Bitcoin will not soon renew its All-Time High, because the price is probably growing too fast. So it's better to play in a bear market.

Why do you think that Bitcoin will not update ATH soon? It seems to me that he is moving very confidently towards this goal, but maybe it won’t happen this year and maybe it won’t even happen next year, but I expect 2024-2025 to be the time when the bull market will come and at that time everything will grow.

So, in my opinion, we have to wait not so long and perhaps for us still waiting some corrections, because it cannot only grow constantly, but there is not long left until the bull market.

If you look as far as in the period including 2025, then updating all time high no longer seems impossible on the desktop. But in the near future, the price is too close to hitting the levels around 44000, which are the top of the current small trend. At the same time, if you look back a little, then not so long ago the price of bitcoin could not overcome the resistance level at 48000. Based on these figures, I think that the price will not be able to gain a foothold above 50,000 even if it breaks 48,000. And even if the society has a positive attitude towards the new year and Christmas, I think that the price may well fall no lower than 25,000.

If you are talking about short term this year or before halving then I agree with what you said. Even if bitcoin surpasses $50K this year, there is no guarantee that we are definitely in bull season and the price will never fall again. Given the current market situation, what is going on is just hype surrounding ETF news and I believe that once the SEC delays again. Everything could easily go back to where it started from like a few weeks ago. We cannot enter the bull season until halving takes place.

I think halving is overrated in terms of its impact on the market. He had an insane increase in the price of bitcoin just because no one expected it. But now society has noticed this correlation for a long time and growth is not so possible. Remember Litecoin - nothing happened when halving it. Precisely because everyone was waiting for growth. I think the market has one rule that is always fulfilled: to be as unpredictable as possible.

It's not that people are overestimating the halving, it's that history has shown us that and what people are expecting is for history to repeat itself. I'm also thinking about this, when everyone is looking forward to the halving event and thinking that bull season will come. But the market is not just us, the market makers are the ones controlling this game. They are manipulating us, they always make bitcoin go against the crowd's expectations. So I thought maybe they would change the rules a little to make people panic.

You won't blame anyone for expecting much about the halving and the bull season that has been speculated to come after it. It's more like a sequence and everyone is seeing the fact that is behind it and it's believe that it would happen again. But instead of doubting the period until it happens again why not just get yourself ready of the said benefits that happen with the period as their is no harm that can happen to you if you know what you are doing.

[Makus]

I am sure that only 10 years holding is enough for change the life of any people with only invest 10% of his income.

10 years is a lot for someone to get enough profit from Bitcoin investment provided that, the person holding the coin does not behave like a newbie investor by selling his coins when its not yet time as regards to the pre planned investment schedule. And besides 10% from some persons income can be quite a huge sum, so based on the comment the bitcoin holder would be practicing DCA which is know to be one of the best accumulation strategies in Bitcoin investment. Mr SAHASAN you are absolutely correct with your statement 10% of income for 10years is enough for a live changing event.