Bitcoin is a different kind of wonder

[Septex]

Bitcoin started its journey from that year 2009 and currently reached 2024. Bitcoin's phenomenal success over the past 15 years is truly mind-boggling. Bitcoin started its journey in 2009 with a very low price. In 2009, the price of Bitcoin finally reached $0.30 and currently the price of Bitcoin is close to $46000. Bitcoin's contribution as the first digital currency in the world is indeed the greatest. One such coin is accepted by the EFF. In the beginning, the value of Bitcoin was very small, but in the four years between 2010 and 2013, the value of Bitcoin reached $123. Again, between 2014 and 2017, the price of Bitcoin went to 750 dollars. In the middle of 2015, Bitcoin suffered major losses. About 50% of Bitcoin's value went down. Also 19 thousand BTC was hacked. But the point is that in 2017 Bitcoin made the first history in the world of crypto currency Bitcoin gained almost 1300% which is really amazing for that time. Poloniex made almost 60% profit in six months with Bitcoin. Thus, between 2018 and 2022, the price of Bitcoin was from $3000 to $30,000 in early 2021, and in mid-2021, the price of Bitcoin exceeded $65,000, which is the highest in Bitcoin history. In 2022, the market price of Bitcoin was again at $15,000, and by the end of 2023, the price of Bitcoin reached $46,000. In the current year 2024, I believe that the value of Bitcoin will exceed $10,000.  All past data suggests that bitcoin price bull markets tend to move upward too quickly.  I think Bitcoin will skyrocket between 2024 and 2026.

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[JustineCollins09]

Maybe or maybe not. Anything can happen these days as we can observe the rapid evolution of AI. In some countries Government are deciding to draft laws to control crypto markets

[PrivacyG]

In the current year 2024, I believe that the value of Bitcoin will exceed $10,000.

Maybe you mean 100,000 Dollars.  We are past 10,000 since long time ago.

I believe Bitcoins price should be at least twice for Miners to continue running their Hardware efficiently after Halving.  Costs of running the Hardware are the same but you get half the income.  I am not a Miner however so I may be B S ing.

A tip for you, OP.  Split that block of text into multiple paragraphs.  It becomes a strain to my eyes and brain after reading the first two lines of the text.

[pakhitheboss]

I believe Bitcoins price should be at least twice for Miners to continue running their Hardware efficiently after Halving.  Costs of running the Hardware are the same but you get half the income.  I am not a Miner however so I may be B S ing.

They will enjoy high fees because the spam on the main network won't end after the halving. I am sure it will increase and we might again witness atrocious fees that can go beyond 200sat/vB. The miners know it and the developers want the network to get spammed, to keep them from moving anywhere else. I feel this is the first time that the miners are making more in fees than they did in the previous halvings.

Snip..

A small advice when you write on a particular topic ensure that it is divided into paragraphs and does not look like a wall of words. Whatever interesting and engaging topic you wrote will all go down the drain when you write in such a manner. The next suggestion of mine is to reduce the image size, if you are not so clear about BBCode then start learning as it will only help you in presenting your topic more presentable. Here is the code that you need to use while posting an image.



You can find more details in this post from BBCode on how to post images. Posting images with BBCode

[pooya87]

It's interesting that all the times I saw someone talk about bitcoin's bubbles and bursts, they start from 2013 and $100ish prices and they always ignore the bubbles and bursts before that time. I promise you that for example rising from $0.1 to $2 is the same rise as $50 to $1000 and $1000 to $20000 and all of them are a 20x rise.
The point is, these ups and downs were happening from the start and just because at the beginning the "number" was small doesn't make it less important.

I think Bitcoin will skyrocket between 2024 and 2026.

I believe we will have a bull market but to skyrocket (in the same sense as previous "bubbles") is unlikely in my opinion because the sell pressure caused by the global economic strain is still there and as long as it doesn't go away it will prevent that skyrocket.

One sign of it going away would be interest rates coming down.... There still is no sign of it though.

[hd49728]

A Bitcoin price chart with price since 2009: https://bitcoin.zorinaq.com/price/

It's interesting that all the times I saw someone talk about bitcoin's bubbles and bursts

They will see less bubbles and bursts if they see Bitcoin price in logarithmic scale or with yearly candles or with yearly lowest price. They will see less volatility and a stronger upward trend.

https://coinmarketcap.com/currencies/bitcoin/ (click on All and Log).
https://buybitcoinworldwide.com/stats/yearly-candles/ (yearly candles).

[hugeblack]

Relying on the past 15 years as a basis for forecasting for the coming years is not accurate, as the price of Bitcoin started at a very low price and rose and will not rise at the same level, but the patterns may be repeated, which happens every four years. If the pattern is repeated, we will see levels higher than $80,000 before the end of this year. And levels higher than 130 thousand dollars before the end of next year, and therefore it is an opportunity to double your money three times or at least twice, and therefore it is better to prepare for that instead of thinking that the price will reach very high levels, such as more than $200k.

[pooya87]

They will see less bubbles and bursts if they see Bitcoin price in logarithmic scale or with yearly candles or with yearly lowest price. They will see less volatility and a stronger upward trend.

That's true but I think it should start after we get close to mass adoption not now that we are still far away. I believe that the reason why the bubbles and bursts are decreasing over the past couple of years is because of the subsequent economic crisis at global scale. Basically ever since 2019-2020 we were in crisis mode with Pandemic and now the Wars. That significantly affects bitcoin's adoption and consequently the size of the bubbles.

In other words I believe that if the economic crisis were to end today and they decreased interest rates we would start seeing the biggest bubble so far and half a million as the peak is not going to be that hard to reach.

[moneystery]

In the current year 2024, I believe that the value of Bitcoin will exceed $10,000.

Maybe you mean 100,000 Dollars.  We are past 10,000 since long time ago.

....

maybe what he means is that the price of bitcoin will increase by 10k dollars this year, so that will make the bitcoin value reach 50k usd.

reaching 50k usd is quite possible according to my predictions, seeing how bitcoin has moved in the past few months and the halving that is getting closer will be able to push the price of bitcoin higher than its current point.

the problem now is only speculators and the sec who might create new problems which will intervene in bitcoin price movements. and several other problems beyond that that may occur in the future. but if holders believe in the potential of bitcoin, they should not be influenced by these things.

[kentrolla]

Relying on the past 15 years as a basis for forecasting for the coming years is not accurate, as the price of Bitcoin started at a very low price and rose and will not rise at the same level, but the patterns may be repeated, which happens every four years. If the pattern is repeated, we will see levels higher than $80,000 before the end of this year. And levels higher than 130 thousand dollars before the end of next year, and therefore it is an opportunity to double your money three times or at least twice, and therefore it is better to prepare for that instead of thinking that the price will reach very high levels, such as more than $200k.

That's what my though has been it would be better to start accumulating Bitcoin instead of focusing on how and when the value of Bitcoin would increase, though we have seen in the past Bitcoin will surely increase despite the hurdles. We should be more worried about the fact we have not accumulated much and work towards hodling more Bitcoin. But I believe ATH will be achieved next year based on last two bull seasons data as many are expecting bull run this year and we may see some dumps which we have to capitalize on to buy Bitcoin at lesser price.

[Yaunfitda]

Relying on the past 15 years as a basis for forecasting for the coming years is not accurate, as the price of Bitcoin started at a very low price and rose and will not rise at the same level, but the patterns may be repeated, which happens every four years. If the pattern is repeated, we will see levels higher than $80,000 before the end of this year. And levels higher than 130 thousand dollars before the end of next year, and therefore it is an opportunity to double your money three times or at least twice, and therefore it is better to prepare for that instead of thinking that the price will reach very high levels, such as more than $200k.

That's what my though has been it would be better to start accumulating Bitcoin instead of focusing on how and when the value of Bitcoin would increase, though we have seen in the past Bitcoin will surely increase despite the hurdles. We should be more worried about the fact we have not accumulated much and work towards hodling more Bitcoin. But I believe ATH will be achieved next year based on last two bull seasons data as many are expecting bull run this year and we may see some dumps which we have to capitalize on to buy Bitcoin at lesser price.

Definitely, if we look his past history, there are patterns on prices, but it's hard to predict where and when and what will be the highest it will go through. And that's why there are early bag holders who tend to sell instead of holding as they thought that bitcoin will not go that far. But look at what happen to it, majority of them regret their decision to sell early. Nevertheless it's not that late for them and for the majority of us to buy and then HODL (specially for those who don't want to trade).

And in the incoming bull run, or right after the block halving, bigger prices are to be expected, again. Speculators are predicting a minimum $100K at least as our new all time high. But we will see, it could be +/-, however, if we have accumulate this past couple of years, we might be just sitting in the bull run and see how it unfolds and look how bigger our portfolio will grow.

[nakamura12]

Relying on the past 15 years as a basis for forecasting for the coming years is not accurate, as the price of Bitcoin started at a very low price and rose and will not rise at the same level, but the patterns may be repeated, which happens every four years. If the pattern is repeated, we will see levels higher than $80,000 before the end of this year. And levels higher than 130 thousand dollars before the end of next year, and therefore it is an opportunity to double your money three times or at least twice, and therefore it is better to prepare for that instead of thinking that the price will reach very high levels, such as more than $200k.

I agree on you with this one instead of relying on the 15 years price history although it isn't bad either if you know the price history so you can have a price prediction for example in the future like what you are explaining where  being ready for a possibility of price increasing to that heights. I know you get what I mean especially knowing if there's news or event like halving even though halving is known since it will happen once it reaches the amount of blocks being mined.

[EL MOHA]

That's true but I think it should start after we get close to mass adoption not now that we are still far away. I believe that the reason why the bubbles and bursts are decreasing over the past couple of years is because of the subsequent economic crisis at global scale. Basically ever since 2019-2020 we were in crisis mode with Pandemic and now the Wars. That significantly affects bitcoin's adoption and consequently the size of the bubbles.

In other words I believe that if the economic crisis were to end today and they decreased interest rates we would start seeing the biggest bubble so far and half a million as the peak is not going to be that hard to reach.

These are definitely some of the reason for the less volatility we are currently having, I will also like to add that probably the less FOMO we have in the market now due to many people looking at bitcoin as a store of value and a good hedge against inflation they are reluctant to sell. In the past it is this sale that actually lead to massive sell during bull run and also in bearish periods to due to the fear of missing out. But right now even at both market trends people aren’t scared because they now know the real potential of bitcoin and will rather hold very long to it which I will say has directly affected the volatility rate that it is very hard at this time to see bitcoin do a 5x from its ATH like before.

[pooya87]

These are definitely some of the reason for the less volatility we are currently having, I will also like to add that probably the less FOMO we have in the market now due to many people looking at bitcoin as a store of value and a good hedge against inflation they are reluctant to sell. In the past it is this sale that actually lead to massive sell during bull run and also in bearish periods to due to the fear of missing out. But right now even at both market trends people aren’t scared because they now know the real potential of bitcoin and will rather hold very long to it which I will say has directly affected the volatility rate that it is very hard at this time to see bitcoin do a 5x from its ATH like before.

FOMO is different from panic sell. FOMO is for the buying spree people go on pushing the price up.
The reason why we aren't seeing that these days (despite the fact that people know the potential of bitcoin and see it as a hedge against inflation) is the recession! People simply don't have enough spare money to put into bitcoin as before.

[snowpega]

So obvious Dear, As we know the Approval of Bitcoin spot ETF is a big achievement since the day it was born well many expect it will surge the price of 200k$, and many expect it will reach 150k$ in this bull run. There are two things in this season to make it successful Bull run season+Spot ETF hopefully which can lead it up to our goals. Many Big institutions are buying it right now after the approval news of spot ETF and they are also bullish.   

[kryptqnick]

The way I see it, Bitcoin moves in a certain way, making three steps forward and two steps back. It reaches a certain price, then loses more than a half of it, but then gradually builds up toward a full recovery and even toward surpassing the previous ATH. What's important is that it always recovers and always move forward, which means that a bear market is not the end and doesn't have to result in a loss of money. It can be reasonably argued that there may come a point of no return, something from which Bitcoin never recovers. But the more times Bitcoin recovers, the stronger the trust in this tendency becomes, making it a safer asset.

[tabas]

Bitcoin's contribution as the first digital currency in the world is indeed the greatest.

No, it's not the first digital currency. It is eCash by David Chaum. But to say the first cryptocurrency, it is Bitcoin.

~snip~

What you are saying is mostly about the history of the price actions of Bitcoin and I think that's much better for its title.

I think Bitcoin will skyrocket between 2024 and 2026.

It is speculated that it is going to be the year of bull run starting on this year but the peak of it is going to happen by 2025. Whilst for 2026, it's assumed that we're going to go through with the bear market by that time.

[Natsuu]

The way I see it, Bitcoin moves in a certain way, making three steps forward and two steps back. It reaches a certain price, then loses more than a half of it, but then gradually builds up toward a full recovery and even toward surpassing the previous ATH. What's important is that it always recovers and always move forward, which means that a bear market is not the end and doesn't have to result in a loss of money. It can be reasonably argued that there may come a point of no return, something from which Bitcoin never recovers. But the more times Bitcoin recovers, the stronger the trust in this tendency becomes, making it a safer asset.

Right! Bitcoin goes up, takes a dip, but then bounces back stronger. The fact that it keeps recovering builds trust, making it seem like a safer bet in the long run.

[iBaba]

FOMO is different from panic sell. FOMO is for the buying spree people go on pushing the price up.
The reason why we aren't seeing that these days (despite the fact that people know the potential of bitcoin and see it as a hedge against inflation) is the recession! People simply don't have enough spare money to put into bitcoin as before.

The recession has heat the economy of the world so badly that people do not really have excess of money to put into bitcoin now. It is also noteworthy to mention that the prices of commodities are going in the rise. What you use to purchase for a price before is now x2 of the value today in the commodity market. So it is only normal for the dynamics of things to change including in the financial system.

However, whether there's inflation or not, many people out there are also not bothered about it as they are financially buoyant enough to stand for themselves and to always penetrate the market. I'm pretty sure there are people who have their ways of taking advantage of the market at all times.

[Jegileman]

In the current year 2024, I believe that the value of Bitcoin will exceed $10,000.  All past data suggests that bitcoin price bull markets tend to move upward too quickly.  I think Bitcoin will skyrocket between 2024 and 2026.

I guess you wanted to say it’ll exceed $100,000 and not $10,000. As it has been speculated by many most of which are experts who have been in the ecosystem for a long time is that bitcoin will double its current all time-high at bull run when bitcoin is expected to have a new value. It is a great year that many have anticipated for and would want to make good profit from their investment this year. At this point, everyone can now tell how bitcoin will definitely increase in value and will also want to see them earning greatly from it. There is no doubt, bitcoin will go up in price at this speculated time but how much it will reach is what is uncertain to many.