Bravut (OP)
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February 17, 2024, 12:01:03 PM Last edit: February 17, 2024, 12:11:20 PM by Bravut |
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Bitcoin to rally more than $500k says some crypto analyst. Bitcoin has pass $50k but for me,we need a close watch.We are expecting halving in April, looking at the daily chart we see Bitcoin moving to $67k but I expect to see retracement to $40k before any move so as to gather enough momentum. Bitcoin has more buying pressure on it now than ever because of; ETF approval which open room for more investors to invest and minimize there risk thereby holding more coins . Election would also have impact on it move, because of general election coming up in over 50 countries of the world. Inflation taking it lead. Tension in economy of countries,etc. But holding till September 2025 would be worth it since the bull run will last till then. My question is who buys Bitcoin at that price..? Will the value of Bitcoin keep increasing after then?
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Oshosondy
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February 17, 2024, 12:09:44 PM |
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Bitcoin to rally more than $500k says some crypto analyst. It is possible that bitcoin will get to $500000 but I do not think it is going to get more than $170000by 2025 is my prediction My question is who buys it then at that price..?
This is not a question. Who are buying bitcoin now? Although more people are already knowing that there are bull and bear time. Most people will sell if bitcoin price has gotten to six digits. If the bear time comes, expect more people to sell than buy and that could trigger another bear market.
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btc_angela
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Bitcoin to rally more than $500k says some crypto analyst.
Who is this crypto analyst? But holding till September 2025 would be worth it since the bull run will last till then.
Of course, holding is one of the best strategy, buy and then HODL, easy as that. My question is who buys Bitcoin at that price..? Will the value of Bitcoin keep increasing after then?
Anyone can still Bitcoin at that price, it's not that you will be buying 1 BTC immediately. The game for most of us here is what we call stacking stats. That is we accumulate Bitcoin or Satoshi as much as we can, doesn't matter what the price will be. As long as you can save and hold it for long term, you can make profits.
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Nrcewker
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February 17, 2024, 12:47:26 PM |
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Predicting something this wild needs lots of guts I must say. Yes 100k price is still acceptable, but 500k is really too high. If by chance also bitcoins reaches 500k, then I am pretty sure that many will still buy it. The reason is pretty simple, bitcoins are limited in numbers and the prices are increasing day by day. Hence more people will buy it at current price and will try to sell it later to yield more profits. Hence the price doesn’t matter at all, as the supply is fixed, hence people will demand to buy always.
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tabas
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February 17, 2024, 12:47:40 PM |
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Bitcoin to rally more than $500k says some crypto analyst. Bitcoin has pass $50k but for me,we need a close watch.We are expecting halving in April, looking at the daily chart we see Bitcoin moving to $67k but I expect to see retracement to $40k before any move so as to gather enough momentum. Bitcoin has more buying pressure on it now than ever because of; ETF approval which open room for more investors to invest and minimize there risk thereby holding more coins . Election would also have impact on it move, because of general election coming up in over 50 countries of the world. Inflation taking it lead. Tension in economy of countries,etc. But holding till September 2025 would be worth it since the bull run will last till then.
All that you have said can be factors to Bitcoin moving to that price. I'm not expecting that price for Bitcoin to reach for this cycle but if it does, why not? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) My question is who buys Bitcoin at that price..? Will the value of Bitcoin keep increasing after then?
There will always be buyer at that time. It might that be expensive already but many are going to buy in fraction because that's one reason for one to buy. Doing it in fractions. I think this comparison is applicable that several years ago, people were also asking the same thing who's going to buy this expensive Bitcoin at $20k? And then years has passed, it has doubled, tripled on the last ATH and likely to move the same pattern again.
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Mahanton
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February 17, 2024, 06:38:07 PM |
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Bitcoin to rally more than $500k says some crypto analyst. Bitcoin has pass $50k but for me,we need a close watch.We are expecting halving in April, looking at the daily chart we see Bitcoin moving to $67k but I expect to see retracement to $40k before any move so as to gather enough momentum. Bitcoin has more buying pressure on it now than ever because of; ETF approval which open room for more investors to invest and minimize there risk thereby holding more coins . Election would also have impact on it move, because of general election coming up in over 50 countries of the world. Inflation taking it lead. Tension in economy of countries,etc. But holding till September 2025 would be worth it since the bull run will last till then. My question is who buys Bitcoin at that price..? Will the value of Bitcoin keep increasing after then?
The best thing that you can do into this market or with your investment is that never ever make yourself do really tend to hear out or follow someones calls or analysis no matter how known or popular they are. We are all speculators into this field on which it would really be that best that you should really be sticking into your own analysis and your own approach when it comes to trading. 500k? If ever Bitcoins price did really be able to hit up that kind of level then it would really be actually or honestly hard to tell on what are the things that could really happen. Who buys BItcoin on 500k? For sure to those people who would really be that projecting that Bitcoins price that would really be going to 1M per coins. It would really be that depending all basing up with the demand and recognition. Cant really be that be able to deny that when it comes into such condition then you would really be having those doubts whether it would really be that crashing up that hard or would really be shooting up even more when it comes to price.
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thecodebear
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February 17, 2024, 06:59:01 PM |
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Bitcoin to rally more than $500k says some crypto analyst. Bitcoin has pass $50k but for me,we need a close watch.We are expecting halving in April, looking at the daily chart we see Bitcoin moving to $67k but I expect to see retracement to $40k before any move so as to gather enough momentum. Bitcoin has more buying pressure on it now than ever because of; ETF approval which open room for more investors to invest and minimize there risk thereby holding more coins . Election would also have impact on it move, because of general election coming up in over 50 countries of the world. Inflation taking it lead. Tension in economy of countries,etc. But holding till September 2025 would be worth it since the bull run will last till then. My question is who buys Bitcoin at that price..? Will the value of Bitcoin keep increasing after then?
First off, $500k is likely 8-10 years from now. If you're talking about it happening this market cycle next year that is pure nonsense. I don't know who these "crypto analysts" are that you mention, but if they are talking about $500k happening next year they are extremely bad analysts. When it gets to $500k in like a decade, who will be buying? Well, everyone in the market will be buying. By then that'll be hundreds of millions of people. For some reason people like to pick a price and ask who could possibly buy at such a price, whether it's $50k or $100k or $200k or $500k or $1 million. The answer is always, more people will be buying at higher prices than are buying today. Because it literally takes more people buying Bitcoin to get to those higher numbers. Just as more people were buying at $40k than $10k, and more people were buying at $10k than $1000, and more people were buying at $1000 than $50. So the answer is wayyyyyyy more people will be buying at $500k than are buying at $50k today. That is simply always the case in asset markets.
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alastantiger
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February 17, 2024, 07:04:18 PM |
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Bitcoin to rally more than $500k says some crypto analyst. When? This is possible but not in 2024. But holding till September 2025 would be worth it since the bull run will last till then. Holding bitcoin in itself is one of its rewards. The sense of security it offers should be enticing enough for anyone to hold long term and not for some duration though I know that there are individual differences that abounds. My question is who buys Bitcoin at that price..? Just as Saylor rightly said once, everyone buys bitcoin at the price they deserve. Consequently, anyone who buys bitcoin at $500k has bought it at the price they deserve. Will the value of Bitcoin keep increasing after then?
The truth is no one really knows. Everything right now is just speculations and predictions. No one knows for certain if it will keep increasing, remain stable or start to decrease.
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EL MOHA
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February 17, 2024, 07:28:15 PM |
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Bitcoin to rally more than $500k says some crypto analyst. Bitcoin has pass $50k but for me,we need a close watch.We are expecting halving in April, looking at the daily chart we see Bitcoin moving to $67k but I expect to see retracement to $40k before any move so as to gather enough momentum.
Although the analysts might be too ambitious at the moment but definitely bitcoin with the way it has been moving will definitely rally upto to that amount but to frank with you that it will take at least huge bull run after halving for it to happen. Person i only predict that kind of price when we might be having the 2036 halving. My reason been that bitcoin volatility rate is significantly reducing as we move up and many investors try to hoard it more as a store of value. After every halving even the up coming one I don’t see more than a 3x from the previous ATH. As for who will buy bitcoin no matter what price it gets too will always attract more investors because of its unique features like been a store of value and an hedge against inflation which I don’t need to tell you is the major problem of most nations now. As for the prediction I don’t see us beating the current ATH before halving as I also expect a retracement and more of a zigzag movement than an upward or downward movement.
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darkangel11
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February 17, 2024, 07:43:20 PM |
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My question is who buys Bitcoin at that price..? Will the value of Bitcoin keep increasing after then?
Of course it will. It's not the price that's important but market cap, supply on exchanges and the amount of money needed to move the price. I'll try to explain it using a very simple example. Imagine that you see bitcoin as an investment, like you'd see a house in a good neighbourhood. 10 years ago you knew a house in that area was the best investment and you know it now. Your parents wanted a place there and now you want to finally fulfill that dream but the value keeps going up every year and you barely keep up. 10 years ago it costed $500k, then 520k, 530k and it never stops. You finally get a good job and a mortgage and you can afford it but you see that it's now $600k, but you're still going to buy it because it's "the shit every kid dreams of having." Do you understand? As long as there's demand there's no upper limit. You see this as something that you could buy for 25k and is now $50k so you won't buy more for $500k. A person who did not have money in 2023 but will start a company in 2025 that makes him millions could look for a good long term investment and he will see it as something that went from 2500 to 500k in 2025 and has the potential to go up 50% in the next 5 years.
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Wiwo
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February 17, 2024, 07:53:58 PM |
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500k Bitcoin price is achievable in the long term and for that, we may not out rightly say that the analyst prediction is entirely out of content and in the long term we are going to see the actualization of those predictions, and reaching $500,000 will be something that we will achieved in the next couple of years to come.
But as far as I am concerned, buying and holding Bitcoin is the best form of investment right now and for sure, we may have the opportunity to buy more Bitcoin at a discounted price, maybe below 40k before the Bitcoin halves and at that point anyone who wants to stock up more BTC against the next bull market.
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BITCOIN4X
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February 17, 2024, 09:17:28 PM |
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My question is who buys Bitcoin at that price..? Same question: Who would buy bitcoin at $50k when price was under $5k in September 2017? Me and other will probably answer: anyone can buy it especially since there are always traders and investors who will take advantage of its price volatility and also people who take advantage of real use cases. So what's your answer? Will the value of Bitcoin keep increasing after then? Yes, it is possible, but there is no guarantee.
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aylabadia05
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February 17, 2024, 09:36:26 PM |
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Who would buy bitcoin at $50k when price was under $5k in September 2017?
Me and other will probably answer: anyone can buy it especially since there are always traders and investors who will take advantage of its price volatility and also people who take advantage of real use cases.
Should we re-ask something that doesn't need to be thought about like the OP's question. I think it's strange to test one's logic when market participants ask other market participants. For the OP, when the current price is trading at $51.8K, who is buying an average of 8 to 10 units of Bitcoin on the exchanges I just saw. Do buyers who buy Bitcoin at that price not know that this price is considered expensive for some people? Of course, everyone who buys Bitcoin has a goal of using Bitcoin. Most people who buy out of trust will make huge profits when the price of Bitcoin reaches $100K or more.
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Rruchi man
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February 17, 2024, 10:46:21 PM |
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My question is who buys Bitcoin at that price..? Same question: Who would buy bitcoin at $50k when price was under $5k in September 2017? Me and other will probably answer: anyone can buy it especially since there are always traders and investors who will take advantage of its price volatility and also people who take advantage of real use cases. At any price that bitcoins get to, there will always be buyers. Not all buyers of bitcoins are buying to make profit from the Volatility, it has use cases as a currency too that some people are readily available to make use of instead of fiat. At 50k, there will still be buyers, but definitely not so much as today or yesterday.
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STT
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February 17, 2024, 11:59:49 PM |
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At $500 people could have asked the same question of the ridiculous pricing of $50,000 to each BTC yet here we are today doing the impossible defying gravity breaking the speed of light apparently. Is it possible, we have to say yes but how, why and when we dont know but I presume its a long journey for such a figure and much development, news and changes will occur in the travel plan to get that destination of such a remote impossibly high figure. Plenty of people were around at $100 or before, that price though it seems low now was high. 100 was absolutely a high price, the top of Everest compared to prior trading and to some impossible to sustain. I guess we must learn not to focus purely on numbers as this is not the most important part to considering BTC correctly.
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hatshepsut93
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February 18, 2024, 12:20:10 AM |
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Bitcoin to rally more than $500k says some crypto analyst.
I never say anyone predict the top correctly and it's always wildly overestimated. In 2017 the eyes were at $100k, in 2021 it was $250k and we all know how it went and where the actual bull cycle peaks were. Don't let all these predictions affect your decision-making and remember that after the bull market there will be bear market.
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stomachgrowls
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February 18, 2024, 04:34:09 AM |
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Bitcoin to rally more than $500k says some crypto analyst.
I never say anyone predict the top correctly and it's always wildly overestimated. In 2017 the eyes were at $100k, in 2021 it was $250k and we all know how it went and where the actual bull cycle peaks were. Don't let all these predictions affect your decision-making and remember that after the bull market there will be bear market. Yes this is the key, no matter where those numbers would go, the most important thing on here is that you shouldnt really be that making getting influenced and would really be that affected with those claims and would really be basing up your decisions or with your positions on which i could say that it isnt really that ideal on having those kind of approach. You should really be that depending with your own analysis and this is something that you should really be sticking into. If ever the price would be hitting up 500k then just like on what others been saying that we would be thinking that million would be the next spot or hit. No one really knows on what the future is and it is really just that normal that we do have always those speculative approach when it comes to market prices. We investors would really be having those kind of price approach and telling to those numbers whether it do turns out to be unrealistic and this is something that we cant really be able to avoid.
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AirtelBuzz
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February 18, 2024, 04:51:19 AM |
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Bitcoin to rally more than $500k says some crypto analyst.
Who is this crypto analyst?Was he right when he said this? It may be sky-high thinking that the price of Bitcoin can be $500k dollars at all. I think It may be impossible. My question is who buys Bitcoin at that price..?
Bitcoin is still being bought by many people at this price those who can afford to buy Bitcoin are buying Bitcoin and planning to hold it for a long time in the future.
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adaseb
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February 18, 2024, 05:10:45 AM |
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Well bitcoin could hit $500K but what if the US dollar is hyper inflated. Next month is when BTFP ending and it’s what made many small banks survive the withdraw of customer funds to large banks. It’s ending next month and most likely more banks will fail.
The fed will have to print money basically and asset prices will go up for everything. So bitcoin could hit $500K but a loaf of bread can be $50 by then.
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mk4
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February 18, 2024, 06:03:33 AM |
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Take note that bitcoin won't be in a hyper-growth stage like it is right now forever. There will be a point in time where people will also be buying bitcoin for its growth(slower, but less volatile) increase, but mostly for its gold-like properties and due having self-custody.
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