Road to 100k?

[laijsica]

It is certainly possible for Bitcoin to hit $100k, as Bitcoin prices have touched a high of $73.6k from lows in the past. Since the bull market of 2021 was the peak target, the possibility of more bitcoin price increases this year is very high, which is why every investor increases the maximum investment. So there is a high probability that the price of Bitcoin will at least reach 150k this year.

The movement to increase bitcoin holdings at every level, from the individual level to the institutional level, is ultimately conducive to price growth. Encourage each holder more as you take care of your stash. Only then the possibility of its price reaching sky high can increase. Keep yourself strong with the sensitive part of the value of Bitcoin and it will definitely touch the desired point for within short time. In fact, there should be reasonable grounds for speculating that Bitcoin will touch $100k within this year based on its price history. And this is only possible in Bitcoin which is credibility. Even after a short period of corrections in Bitcoin's price, it has come back to break previous price records.

[Marvelockg]

It is certainly possible for Bitcoin to hit $100k, as Bitcoin prices have touched a high of $73.6k from lows in the past. Since the bull market of 2021 was the peak target, the possibility of more bitcoin price increases this year is very high, which is why every investor increases the maximum investment. So there is a high probability that the price of Bitcoin will at least reach 150k this year.   

while we know that $150k is not a so big value for Bitcoin to get to within the year, we can't be all too certain that it's guarraanteed to happen within the year.  It might happen and even go further than $150k or might not go above $100k and still revolve around all these range but these are all speculation that don't directly means that things will fall in place the exact same way we make our speculations.

One certain thing to note is that we've been in a consistent bullish phase for months now even before the halving took place and even saw a new ATH before the halving and these are all bullish seasons that has led us into another circle. The constant here is that  Bitcoin will get to $150k and surpasses it to possibly $250k or even $400k with time byt this in itself makes no sense to someone that has nothing to lay hold on as per the amount of Bitcoin he is holding. As we anticipate these figures, it's better to start making the necessary preparation so the bull doesn't meet up unaware. And even if we get to $150 this month, does that make any difference to most of us that haven't gathered a lot of Bitcoin at this team that it's still bearish with respect to it future value? The best thing to do is to buy as much Bitcoin as  we can buy now in anticipation of whatever bull that's coming.

[Kliss]

It is certainly possible for Bitcoin to hit $100k, as Bitcoin prices have touched a high of $73.6k from lows in the past. Since the bull market of 2021 was the peak target, the possibility of more bitcoin price increases this year is very high, which is why every investor increases the maximum investment. So there is a high probability that the price of Bitcoin will at least reach 150k this year.

Your analysis is insightful indeed, Bitcoin's past performance suggests that a price surge to $100k or even $150k is possible. Bitcoin's history shows significant price increases, and the current market sentiment and investor enthusiasm could drive prices higher. The current momentum could push prices further. Many investors are optimistic with the current momentum and optimism surrounding Bitcoin, continuing to accumulate Bitcoin regularly can potentially lead to significant gains if the price surges. By sticking to a long-term strategy and avoiding emotional decisions based on short-term market fluctuations, investors can benefit from the power of bitcoin.

[Btcdeybodi]

It is certainly possible for Bitcoin to hit $100k, as Bitcoin prices have touched a high of $73.6k from lows in the past. Since the bull market of 2021 was the peak target, the possibility of more bitcoin price increases this year is very high, which is why every investor increases the maximum investment. So there is a high probability that the price of Bitcoin will at least reach 150k this year.   

while we know that $150k is not a so big value for Bitcoin to get to within the year, we can't be all too certain that it's guarraanteed to happen within the year.  It might happen and even go further than $150k or might not go above $100k and still revolve around all these range but these are all speculation that don't directly means that things will fall in place the exact same way we make our speculations.

One certain thing to note is that we've been in a consistent bullish phase for months now even before the halving took place and even saw a new ATH before the halving and these are all bullish seasons that has led us into another circle. The constant here is that  Bitcoin will get to $150k and surpasses it to possibly $250k or even $400k with time byt this in itself makes no sense to someone that has nothing to lay hold on as per the amount of Bitcoin he is holding. As we anticipate these figures, it's better to start making the necessary preparation so the bull doesn't meet up unaware. And even if we get to $150 this month, does that make any difference to most of us that haven't gathered a lot of Bitcoin at this team that it's still bearish with respect to it future value? The best thing to do is to buy as much Bitcoin as  we can buy now in anticipation of whatever bull that's coming.

looking at the price movement of Bitcoin in September 2023, the price was around $27k then getting to December the price climbed to $42k that is about $15k addition from September to December then in March 2024 the price surge higher and got an ATH of $73k which is addition $31k from December to March, all this increments happened within just 3 months interval and since march the price have been fluctuating between $71k to the lowest price which was around $56k and since march till now have also been 3 months and we are still expecting the price to skyrocket past the $73k ATH, but due to the halving event that took place in April where miners rewards was halved so the price of bitcoin having the possibility of reaching $100k will be dependent on the inflow in the market cap. therefore we shouldn't be over anxious of the price reaching $150k this year since there are factors that determines it's price movement. But since we are in a bullish season, we should expect the price to reach any level so we should also be optimistic while making our speculations even though our speculations may not be accurate but let the price reach $100k first then we can continue with speculations of whether it will reach $150k, $250, or $400k as you have stated above. However, we should keep hodling and make more accumulations as they are part of the factors that boost the price of Bitcoin.

[Bravut]

It is certainly possible for Bitcoin to hit $100k, as Bitcoin prices have touched a high of $73.6k from lows in the past. Since the bull market of 2021 was the peak target, the possibility of more bitcoin price increases this year is very high, which is why every investor increases the maximum investment. So there is a high probability that the price of Bitcoin will at least reach 150k this year.

Your analysis is insightful indeed, Bitcoin's past performance suggests that a price surge to $100k or even $150k is possible. Bitcoin's history shows significant price increases, and the current market sentiment and investor enthusiasm could drive prices higher. The current momentum could push prices further. Many investors are optimistic with the current momentum and optimism surrounding Bitcoin, continuing to accumulate Bitcoin regularly can potentially lead to significant gains if the price surges. By sticking to a long-term strategy and avoiding emotional decisions based on short-term market fluctuations, investors can benefit from the power of bitcoin.

Sincerely I feel we push or anticipate more than normal, it would not be surprising to me to see Bitcoin keep ranging or drops below $60k, my only anticipation is Bitcoin creating a new ATH, if that does not happen then there is no need expecting Bitcoin price gets to $150k. We should not let our expectations consume us, it would take time, if Bitcoin rallies that much I expect a massive drop because it cannot hold.

[JayJuanGee]

And even if we get to $150 this month, does that make any difference to most of us that haven't gathered a lot of Bitcoin at this team that it's still bearish with respect to it future value? The best thing to do is to buy as much Bitcoin as  we can buy now in anticipation of whatever bull that's coming.

Exactly.

Relative newbies within their first cycle of accumulating bitcoin may well might not have had accumulated a lot of BTC in such time, and so there should be almost no need for newbies to want the bitcoin price to go up while they are still trying to build their stash - except for the feeling of validation that comes from the BTC price going up quickly.

On the other hand, once a newbie has accumulated a decent stash (which s/he might not even know how much is a "decent" stash), then it becomes more reasonable for that newbie to be wanting BTC prices to go up.

There also might be some point in which a newbie is somewhat neutral to either way.. s/he has a decently sized stack, but at the same time s/he is continuing to accumulate bitcoin, so there begins to develop a bit of emotional and financial neutrality during later stages of BTC accumulation.

There are some folks who claim that they will never stop accumulating bitcoin, yet that might be a bit of a premature assessment, since at some point, it may well start to feel that a person has enough or more than enough BTC.  Of course, some folks are motivated by more than financial and emotional comfort, but instead about a kind of competition to want to become bigger and more powerful than other people - through the amount of wealth that they accumulate.. so those never satisified kinds of ideas seem to be more personal power struggles rather than considering more basics of financial self-sovereignty that likely comes at way lower and more practical levels of wealth accumulation.

It is certainly possible for Bitcoin to hit $100k, as Bitcoin prices have touched a high of $73.6k from lows in the past. Since the bull market of 2021 was the peak target, the possibility of more bitcoin price increases this year is very high, which is why every investor increases the maximum investment. So there is a high probability that the price of Bitcoin will at least reach 150k this year.

Your analysis is insightful indeed, Bitcoin's past performance suggests that a price surge to $100k or even $150k is possible. Bitcoin's history shows significant price increases, and the current market sentiment and investor enthusiasm could drive prices higher. The current momentum could push prices further. Many investors are optimistic with the current momentum and optimism surrounding Bitcoin, continuing to accumulate Bitcoin regularly can potentially lead to significant gains if the price surges. By sticking to a long-term strategy and avoiding emotional decisions based on short-term market fluctuations, investors can benefit from the power of bitcoin.

Sincerely I feel we push or anticipate more than normal, it would not be surprising to me to see Bitcoin keep ranging or drops below $60k, my only anticipation is Bitcoin creating a new ATH, if that does not happen then there is no need expecting Bitcoin price gets to $150k. We should not let our expectations consume us, it would take time, if Bitcoin rallies that much I expect a massive drop because it cannot hold.

You are correct that BTC prices may ore  may not get to $150k in the short-to-medium term, but at the same time, BTC prices may not drop (or even have a massive drop, even if you expect such a thing to have to happen... a massive drop does not have to happen, and it does not have to happen from a mere reaching of $150k-ish which merely around a doubling of the BTC price from the ATH or around 2.25x from our current prices.

Sure, no problem attempting to prepare ones-self financially and psychologically for either price direction and a lot of potential BTC price moves, yet such preparations also do not necessarily mean that it would be wise to attempt to trade on such possible price moves.. while at the same time, any bitcoin newbie or bitcoin accumulator is likely in a better place to have some kind of plan regarding how s/he is going to deal with any future BTC price moves, even potentially extreme ones and even BTC price moves that are  somewhat outside of expectations.

[adultcrypto]

What are we worried about? Volatility and privacy are part of the beauty of Bitcoin, if a newbie investors is getting his or her self worked up for the volatility of Bitcoin, some other veterans or more informed Bitcoin investors will be very much confident because he knows that on the longer run, his investment will generate a very good revenue for him or her, so to me the volatility of Bitcoin is a blessing in disguise.

I don't seems to understand how volatility became the beauty of bitcoin both in terms of investment and for adoption into businesses and daily lives of people. On the contrary, I feel the volatile nature of bitcoin is a major stumbling block confronting bitcoin and its acceptability by businesses. I have seen many people willing to accept bitcoin in their businesses but the major challenge they always reference is that bitcoin is too volatile and that what was agreed now might not hold before payment are completed because of the volatile nature of bitcoin. In terms of long term invest, we might say it does not matter but it can actually affect entry point even though when the intention is for long-term holding. Someone investing in bitcoin through buying the dip might experience price jump when executing the order and this might be in price differential of over $2,000 considering how volatile bitcoin can be. Therefore, we can say that volatility account for the uniqueness of bitcoin and never the beauty.

Ok I understand your point very well, but I have a question for you, how would Bitcoin be different from the fiat if it has no volatility? How would it be different if it's as static as the fiat, and is a prey to inflation?

Or most of us the Bitcoin enthusiastic that are clamouring to one another that we should hold on tight for a very long period of time, so as to be able to build a generational wealth, how are we going to achieve that if Bitcoin is not volatile?

Bro, we are definitely going to end up in a huge lose for holding too long, you know why? Because by then inflation will have a serious effect on it that we are definitely going to regret holding for too long, so my brother, it's because of it volatility we are holding it, because with the high potential of Bitcoin, we stand a chance of making significant gain, if we can hold a bit longer.

You are obviously misunderstanding me and it seems you are mistaking volatility for something else. Volatility happens in any asset that is impacted by news, speculation and uncertainties. It is not only reserved for bitcoin but it also happen even between fiat currencies. If you have ever traded the currency market or have little idea about it, you will understand how news release impact on the volatility between fiat currency pairs such as GBP and USD and the rest of the currency pairs. Volatility is not anti-inflation, that is a different topic all together. So let us be clear on that aspect to avoid dishing out misleading information.

When Satoshi created bitcoin, he never paid any attention to the volatility even though he understood that any asset with huge interest is bound to experience volatility so he expected bitcoin to be a volatile asset.

In terms of long term invest, we might say it does not matter but it can actually affect entry point even though when the intention is for long-term holding.

Just because people might accept bitcoin for goods and services does not mean that they have to hold all of the value in bitcoin, so for example someone who has an income in fiat may need to buy bitcoin, but someone who receives bitcoin for goods an services may well have to sell some of his/her bitcoin in order to maintain a balance in his/her investment level into bitcoin, and part of that may well depend upon if his/her bills are in fiat or in bitcoin, and surely we could presume that the majority of people are going to have their bills in fiat.. so they still have to figure out their balances whether they receive some or all of their income in bitcoin.. .. and they still may have to consider whether they are going to save/invest 5% to 25% in bitcoin, and surely a starting presumption might be that it might not be realistic for people to save/invest more than 10% of their income in bitcoin, so individuals have to tailor their amounts to their circumstances, since some folks can afford to be more aggressive than others depending on the level of their discretionary income, whether that discretionary income comes from bitcoin sources or from fiat sources, similar kinds of analysis needs to be done in terms of how aggressive they are comfortable in being in terms of their bitcoin accumulation and/or holding of bitcoin versus other places that they might hold their value...including their considerations of their emergency fund, reserves and/or monthly cash floats.

I agree and accept your views because they might actually work out a way of running their business to cover for the immediate needs and long term objective. Perhaps, bitcoin might just be one of their payment option in which they will have a cap of how much they want to collect in bitcoin. As a business, nothing stops them from holding part of their funds in bitcoin even though this is at their own discretion.

[Barikui1]

What are we worried about? Volatility and privacy are part of the beauty of Bitcoin, if a newbie investors is getting his or her self worked up for the volatility of Bitcoin, some other veterans or more informed Bitcoin investors will be very much confident because he knows that on the longer run, his investment will generate a very good revenue for him or her, so to me the volatility of Bitcoin is a blessing in disguise.

I don't seems to understand how volatility became the beauty of bitcoin both in terms of investment and for adoption into businesses and daily lives of people. On the contrary, I feel the volatile nature of bitcoin is a major stumbling block confronting bitcoin and its acceptability by businesses. I have seen many people willing to accept bitcoin in their businesses but the major challenge they always reference is that bitcoin is too volatile and that what was agreed now might not hold before payment are completed because of the volatile nature of bitcoin. In terms of long term invest, we might say it does not matter but it can actually affect entry point even though when the intention is for long-term holding. Someone investing in bitcoin through buying the dip might experience price jump when executing the order and this might be in price differential of over $2,000 considering how volatile bitcoin can be. Therefore, we can say that volatility account for the uniqueness of bitcoin and never the beauty.

Ok I understand your point very well, but I have a question for you, how would Bitcoin be different from the fiat if it has no volatility? How would it be different if it's as static as the fiat, and is a prey to inflation?

Or most of us the Bitcoin enthusiastic that are clamouring to one another that we should hold on tight for a very long period of time, so as to be able to build a generational wealth, how are we going to achieve that if Bitcoin is not volatile?

Bro, we are definitely going to end up in a huge lose for holding too long, you know why? Because by then inflation will have a serious effect on it that we are definitely going to regret holding for too long, so my brother, it's because of it volatility we are holding it, because with the high potential of Bitcoin, we stand a chance of making significant gain, if we can hold a bit longer.

You are obviously misunderstanding me and it seems you are mistaking volatility for something else. Volatility happens in any asset that is impacted by news, speculation and uncertainties. It is not only reserved for bitcoin but it also happen even between fiat currencies. If you have ever traded the currency market or have little idea about it, you will understand how news release impact on the volatility between fiat currency pairs such as GBP and USD and the rest of the currency pairs. Volatility is not anti-inflation, that is a different topic all together. So let us be clear on that aspect to avoid dishing out misleading information.

When Satoshi created bitcoin, he never paid any attention to the volatility even though he understood that any asset with huge interest is bound to experience volatility so he expected bitcoin to be a volatile asset.

Try to understand my point bro, Bitcoin as an asset has it own risk just as every other investment no doubt, but why I say that we shouldn't be worried about it volatility is that, due to the high potential of Bitcoin, and his historical record of how it has always rally back to a better height even when encountering setbacks, it has proven over and over again that it's not an asset that stays down for far too long, and it has earned the trust of most investors around the world, and as it stands now, it's more likely for Bitcoin to rise to one million dollars than falling to zero.

That's why i believe that the volatility attach to Bitcoin is actually a blessing, because those people that bought Bitcoin at 30k early last year will definitely be in a huge profit now, because due to it volatility, it has risen upward to their favour, so in essence is that, as long as it's Bitcoin, it's volatility is actually a blessing because it's more likely to rise further than going down as most shit coin does.

[Kliss]

What are we worried about? Volatility and privacy are part of the beauty of Bitcoin, if a newbie investors is getting his or her self worked up for the volatility of Bitcoin, some other veterans or more informed Bitcoin investors will be very much confident because he knows that on the longer run, his investment will generate a very good revenue for him or her, so to me the volatility of Bitcoin is a blessing in disguise.

I don't seems to understand how volatility became the beauty of bitcoin both in terms of investment and for adoption into businesses and daily lives of people. On the contrary, I feel the volatile nature of bitcoin is a major stumbling block confronting bitcoin and its acceptability by businesses. I have seen many people willing to accept bitcoin in their businesses but the major challenge they always reference is that bitcoin is too volatile and that what was agreed now might not hold before payment are completed because of the volatile nature of bitcoin. In terms of long term invest, we might say it does not matter but it can actually affect entry point even though when the intention is for long-term holding. Someone investing in bitcoin through buying the dip might experience price jump when executing the order and this might be in price differential of over $2,000 considering how volatile bitcoin can be. Therefore, we can say that volatility account for the uniqueness of bitcoin and never the beauty.

Ok I understand your point very well, but I have a question for you, how would Bitcoin be different from the fiat if it has no volatility? How would it be different if it's as static as the fiat, and is a prey to inflation?

Or most of us the Bitcoin enthusiastic that are clamouring to one another that we should hold on tight for a very long period of time, so as to be able to build a generational wealth, how are we going to achieve that if Bitcoin is not volatile?

Bro, we are definitely going to end up in a huge lose for holding too long, you know why? Because by then inflation will have a serious effect on it that we are definitely going to regret holding for too long, so my brother, it's because of it volatility we are holding it, because with the high potential of Bitcoin, we stand a chance of making significant gain, if we can hold a bit longer.

You are obviously misunderstanding me and it seems you are mistaking volatility for something else. Volatility happens in any asset that is impacted by news, speculation and uncertainties. It is not only reserved for bitcoin but it also happen even between fiat currencies. If you have ever traded the currency market or have little idea about it, you will understand how news release impact on the volatility between fiat currency pairs such as GBP and USD and the rest of the currency pairs. Volatility is not anti-inflation, that is a different topic all together. So let us be clear on that aspect to avoid dishing out misleading information.

When Satoshi created bitcoin, he never paid any attention to the volatility even though he understood that any asset with huge interest is bound to experience volatility so he expected bitcoin to be a volatile asset.

Bitcoin volatility is indeed a natural aspect of  bitcoin decentralised and dynamic nature. while it can be a significant obstacles for bitcoin adoption in businesses and daily life, as it creates uncertainty and risk for investors. The volatility of Bitcoin can also present opportunities for gains in businesses that are ready to embrace bitcoin for payments despite the risk. It's a bold move that requires a good understanding of bitcoin. Understanding Bitcoin volatility is key because it can swing both ways in impacting your business it's all about what you can handle, despite bitcoin volatility there likely those that are willing to accept bitcoin e.g those that Believe in the potential of Bitcoin, Are willing to take calculated risks, Have a strategy to manage potential losses or gains and  have a long term perspective. Businesses willingness to accept bitcoin volatility is a sign of their confidence in bitcoin and its potential for growth.

[Falconer]

-snip-

Try to understand my point bro, Bitcoin as an asset has it own risk just as every other investment no doubt, but why I say that we shouldn't be worried about it volatility is that, due to the high potential of Bitcoin, and his historical record of how it has always rally back to a better height even when encountering setbacks, it has proven over and over again that it's not an asset that stays down for far too long, and it has earned the trust of most investors around the world, and as it stands now, it's more likely for Bitcoin to rise to one million dollars than falling to zero.

That's why i believe that the volatility attach to Bitcoin is actually a blessing, because those people that bought Bitcoin at 30k early last year will definitely be in a huge profit now, because due to it volatility, it has risen upward to their favour, so in essence is that, as long as it's Bitcoin, it's volatility is actually a blessing because it's more likely to rise further than going down as most shit coin does.

Learn from the past and learn how bitcoin price volatility can give you huge profits in the long run. Price volatility should not make you change your initial investment plan into a vacuum because of a momentary loss. Ignore your losses now and continue with a good investment strategy especially in building a portfolio. Buy when you see a dip especially when you have money, hold and wait for this volatility to give you returns.

Today the price of bitcoin has fallen to $65k. Obviously this is a good opportunity to accumulate, but stay alert about the possibility of another decline so you need to consider DCA whenever you buy the dip. To this day, I have never regretted and given up investing in Bitcoin because somehow I can still get returns even if it takes a little longer.

[Chiomaobi]

-snip-

Try to understand my point bro, Bitcoin as an asset has it own risk just as every other investment no doubt, but why I say that we shouldn't be worried about it volatility is that, due to the high potential of Bitcoin, and his historical record of how it has always rally back to a better height even when encountering setbacks, it has proven over and over again that it's not an asset that stays down for far too long, and it has earned the trust of most investors around the world, and as it stands now, it's more likely for Bitcoin to rise to one million dollars than falling to zero.

That's why i believe that the volatility attach to Bitcoin is actually a blessing, because those people that bought Bitcoin at 30k early last year will definitely be in a huge profit now, because due to it volatility, it has risen upward to their favour, so in essence is that, as long as it's Bitcoin, it's volatility is actually a blessing because it's more likely to rise further than going down as most shit coin does.

Learn from the past and learn how bitcoin price volatility can give you huge profits in the long run. Price volatility should not make you change your initial investment plan into a vacuum because of a momentary loss. Ignore your losses now and continue with a good investment strategy especially in building a portfolio. Buy when you see a dip especially when you have money, hold and wait for this volatility to give you returns.

Bitcoin's volatility is continuously lowering. It is much less volatile today than a few years ago. And a few years ago it was much less volatile than it was a few years before that. A few years from today it will be less volatile than it is now.


Volatility naturally goes down as its value grows because it gets harder to move the price. And also because there are fewer dollars that will come in to change the price. If we pretend there will eventually be 10 trillion dollars that will be in Bitcoin, a 1 trillion dollars there is less outstanding money than at 1 billion dollars so less money will come in to change the price. So when most of the people in the world who want Bitcoin already have bitcoin volatility will be far lower not just because there will be so much more money in it so it'll be harder to move, but because there won't be huge pumps and dumps of people coming in and going out of the market.

It will of course never be stable, as nothing with a free market is stable, but its volatility will continuously go lower and lower over time as has already happened throughout Bitcoin's price history. Even today its much easier to trade altcoins rather than Bitcoin because Bitcoin's volatility is far lower than it used to be while altcoins are tiny market caps that are essentially 100% speculation and so they maintain very high volatility.


People who say Bitcoin is risky because it is volatile are either only interested in short term trading/investing or they don't understand the difference between volatility and risk and they are likely just repeating what they heard other people say who also don't understand the difference.

[Agbamoni]

Try to understand my point bro, Bitcoin as an asset has it own risk just as every other investment no doubt, but why I say that we shouldn't be worried about it volatility is that, due to the high potential of Bitcoin, and his historical record of how it has always rally back to a better height even when encountering setbacks, it has proven over and over again that it's not an asset that stays down for far too long, and it has earned the trust of most investors around the world, and as it stands now, it's more likely for Bitcoin to rise to one million dollars than falling to zero.

That's why i believe that the volatility attach to Bitcoin is actually a blessing, because those people that bought Bitcoin at 30k early last year will definitely be in a huge profit now, because due to it volatility, it has risen upward to their favour, so in essence is that, as long as it's Bitcoin, it's volatility is actually a blessing because it's more likely to rise further than going down as most shit coin does.

You are not wrong here. Every nature of Bitcoin is advantageous to its users or investors. Whether you use i for transactions, making fast payment or you're investing in it. And i must say Bitcoin volatility has good benefits since the price do not remain in one place for too long. The volatility nature of Bitcoin has made Bitcoin the best asset to invest in for the long run. It is always breaking its all-time high every decade's ad that is what every investor is looking for, an asset that you can be rest assured that in the next decade your investment return will be 3x or4x your investment. Imagine if Bitcoin was as slow as most of the asset in the stock market, it won't have as many investors as it has today, and the price will not be as good as it is now.

[Kwarkam]

.
Well the BTC price had already gone up a lot prior to the halvening.. so whether it continued to go up or not seems almost like a non-event.. meaning that realistically, you could not necessarily have high expectations either way, even if some folks might have had high expectations.... sounds like a big so what to me.  I would not be engaging in my own bitcoin preparations merely based on expectations of others that may or may not end up playing out.

Might we say that the BTC price reached a high price of $73,794 on March 13, 2024, so then it has largely been bouncing around in the $60k to $70k range in the past 3 months.. or maybe we could suggest that the BTC price broke above $53k in the end up February 2024, so add a couple more weeks to the analysis that BTC prices still have largely been ranging in the $60k to $70k arena for that whole time which is 3.5 months and so why might we be wanting to make further assessments for why or whether or what direction that BTC prices might be going when it seems to largely be at the top of its range and close to its ATH for the whole last 3.5 months, and 3.5 months is not even a very long time in the whole scheme of things in terms of consolidations.. and whether we get a break up or down from here is still to be determined, while at the same time, it still seems quite clear that an overwhelming majority of the world's population (maybe somewhere in the ballpark of 99%) still does not have any or enough bitcoin... but what can we tell those lowcoiner/no coiner people.. since they still seem to be failing/refusing to buy any bitcoin, yet those of us who know about bitcoin still can be ongoingly buying it in the event that we are still building our bitcoin stash size.

There's another interesting angle to this discussion. While Bitcoin has proven to be remarkably resilient over the years, there are still factors that could potentially shake the market. Government regulations, technological advancements (or setbacks), and shifting public perception are just a few of the wildcards that could affect Bitcoin's future trajectory.

That being said, Bitcoin's decentralized and open-source nature provides a level of robustness and adaptability that traditional financial systems lack. This is why many BTC proponents remain optimistic about its potential, even in the face of uncertainty.The second point you brought up—the vast majority of the world's population still having little to no exposure to BTC—is also worth considering. With BTC still in the early stages of adoption, there's a lot of potential for growth in the future. However, getting the masses to understand and adopt Bitcoin is a long and complex process.

It's true that Bitcoin enthusiasts can continue to stack sats regardless of market conditions, as long-term hodling is a viable strategy. But it would be naïve to assume that everyone will suddenly see the value of Bitcoin and jump on board. Bitcoin is currently at a critical point in its journey. The price is consolidating at historically high levels, but the future is far from certain.

While it's important to remain vigilant of potential market disruptors, Bitcoin's inherent characteristics provide a strong foundation for long-term growth and adoption. At the same time, we must acknowledge that adoption is a slow and complex process, and the world's population is still largely unaware of Bitcoin's potential.

For those already in the know, however, continuing to stack sats and diversify one's portfolio is a prudent strategy.

[Frankolala]

.
Well the BTC price had already gone up a lot prior to the halvening.. so whether it continued to go up or not seems almost like a non-event.. meaning that realistically, you could not necessarily have high expectations either way, even if some folks might have had high expectations.... sounds like a big so what to me.  I would not be engaging in my own bitcoin preparations merely based on expectations of others that may or may not end up playing out.

Might we say that the BTC price reached a high price of $73,794 on March 13, 2024, so then it has largely been bouncing around in the $60k to $70k range in the past 3 months.. or maybe we could suggest that the BTC price broke above $53k in the end up February 2024, so add a couple more weeks to the analysis that BTC prices still have largely been ranging in the $60k to $70k arena for that whole time which is 3.5 months and so why might we be wanting to make further assessments for why or whether or what direction that BTC prices might be going when it seems to largely be at the top of its range and close to its ATH for the whole last 3.5 months, and 3.5 months is not even a very long time in the whole scheme of things in terms of consolidations.. and whether we get a break up or down from here is still to be determined, while at the same time, it still seems quite clear that an overwhelming majority of the world's population (maybe somewhere in the ballpark of 99%) still does not have any or enough bitcoin... but what can we tell those lowcoiner/no coiner people.. since they still seem to be failing/refusing to buy any bitcoin, yet those of us who know about bitcoin still can be ongoingly buying it in the event that we are still building our bitcoin stash size.

There's another interesting angle to this discussion. While Bitcoin has proven to be remarkably resilient over the years, there are still factors that could potentially shake the market. Government regulations, technological advancements (or setbacks), and shifting public perception are just a few of the wildcards that could affect Bitcoin's future trajectory.

That being said, Bitcoin's decentralized and open-source nature provides a level of robustness and adaptability that traditional financial systems lack. This is why many BTC proponents remain optimistic about its potential, even in the face of uncertainty.The second point you brought up—the vast majority of the world's population still having little to no exposure to BTC—is also worth considering. With BTC still in the early stages of adoption, there's a lot of potential for growth in the future. However, getting the masses to understand and adopt Bitcoin is a long and complex process.

It's true that Bitcoin enthusiasts can continue to stack sats regardless of market conditions, as long-term hodling is a viable strategy. But it would be naïve to assume that everyone will suddenly see the value of Bitcoin and jump on board. Bitcoin is currently at a critical point in its journey. The price is consolidating at historically high levels, but the future is far from certain.

While it's important to remain vigilant of potential market disruptors, Bitcoin's inherent characteristics provide a strong foundation for long-term growth and adoption. At the same time, we must acknowledge that adoption is a slow and complex process, and the world's population is still largely unaware of Bitcoin's potential.

For those already in the know, however, continuing to stack sats and diversify one's portfolio is a prudent strategy.

I disagree with you that bitcoin is still in his early stage of adoption that was before not now anymore. More people have come to know about bitcoin and they have also adopted bitcoin. Only bitcoin ETF approval in the US have made the whole world to know about bitcoin. Do you know how many countries lunched their bitcoin ETF after US did. Do you check the regular daily cash inflow and from the ETFs very massive.

Only the US alone is enough to make bitcoin more popular with the way they are going about the privacy in bitcoin by shutting down Mixers and some services that promotes decentralization. I guess you are still new to bitcoin and you don't know what is happening. It is only the old ones that might not be aware of bitcoin, but the youths a much aware. Down in my street and my environment 13yrs and above already knows and talk about bitcoin. Bitcoin is advertising herself now with her great potential as fiat depreciates. El Salvador have their country reserve funds in bitcoin, meaning everyone in El Salvador knows about bitcoin and the neighboring countries.

Bitcoin price is increasing because more people are buying.

[GigaBit]

The overall goal is the same as profit in the end, I like short-term trading even though the risk is also quite inherent and for profit if I can get it with small capital, for example $ 2-5 in a day, that is enough and if it is collected quite well in 10 days.

Our goals is for profit making in our investment but sometimes we should also consider the risk of trading because it will be of no beneficial if you lose your investment while you are trading unless you have a good knowledge about trading because is not something someone could easily go into and begin to make profits, and also how certain are you that you could be getting $2 on a daily basis? it seems you have a good knowledge about trading judging from how confident you sound.

The good thing is that I have tested trading and I have seen the in and out so there is nothing anybody will tell me that will make me chose trading over investing for long term. I know some people see holding for long as a way of keeping the money dormant instead of "flipping it easily", a word they will use to entice those who have not been there before. My decision to focus on holding was born out of pain and regrets (a little though) but I sometimes feel happy I followed that part so that I can appreciate the peace of mind and assurance that comes with holding for long. The best thing any investor can do is to invest and hold and never dabble into trading because it is a 70/30 chance of failure and success.

If an investor is trading in Bitcoin I would not discourage him but would try to show him the advantage of investing in Bitcoin over trading in Bitcoin depending on the situation. An investor is not likely to profit after taking a trade in Bitcoin. Bitcoin price may drop after he takes his trade, there is definitely a risk of big loss. However, when an investor holds Bitcoin, he will lose for a short period of time, but he will definitely gain in the long run. Bitcoin will certainly touch its milestones but once we get to that point we must focus on how well we are able to place ourselves.

[Ryu_Ar1]

It is certainly possible for Bitcoin to hit $100k, as Bitcoin prices have touched a high of $73.6k from lows in the past. Since the bull market of 2021 was the peak target, the possibility of more bitcoin price increases this year is very high, which is why every investor increases the maximum investment. So there is a high probability that the price of Bitcoin will at least reach 150k this year.

We can't be completely sure that for this year $150k is achievable because after all we need a process to go through and it's not how fast bitcoin is at that price but we have to enjoy the process.  The $150k price is achievable and I still believe that it will happen but to say that this year or next year it will happen no one will know that so instead of us being busy with the speculation that is done then it would be better to always maintain the portfolio and add to it over time because at the end of the day when we are a long-term investor of course even if it's $150k as long as their long-term goals are still continuing then it could be nothing because the focus is further away from that so that's what it is. So there's no need to rush into believing that this year we can reach that price because if that happens we have an uncertain expectation and that's not good for you mentally.

[JayJuanGee]

[edited out]

For those already in the know, however, continuing to stack sats and diversify one's portfolio is a prudent strategy.

Yes.  There are potential advantages to actually having information asymmetry, yet we are still not going to know for sure if we were correct in terms of the information asymmetry that we feel that we have - even though surely some of us who have been in bitcoin 4-10 years may well feel some various levels of internal satisfaction in terms of the level to which our BTC holdings are already in decent amounts of profits with decent amounts of cushion in our profits.  Surely there also are likely some folks who have been in bitcoin for less than 4 years who also can feel a certain dynamic of being in profits - yet still there is some comfort that is felt by having a portfolio that is in profits... even if it is a shorter term holdings of bitcoin.

Actually regarding your other point about diversifying, I had not noticed that dumbass point prior to sending you a smerit.. so yeah, I wished I could pull it back since the idea of diversifying for the mere sake of diversifying makes hardly any sense without describing some kind of a context and justification why diversification would be any kind of an important point for anyone in their earlier stages of BTC accumulation.. ..

So maybe I am getting more and more irritated when I see members spouting out nonsense in regards to the value of diversification without providing some kind of an explanation why diversification is in need of accounting - unless someone is alreayd building some kind of a decent investment portfolio, then there might be some justification for diversification, but we don't know that as a general principle, we cannot presume a need for diversification, and likely we are more able to presume that an overwhelming number of persons already have hardly shit for any kind of investment, so diversification is not justified for those people either, including that 99% or so of the worlds population does not own any bitcoin, so I am not going to presume that they need to think about diversification when getting into bitcoin, absent that they might already be in some special category of person that already has various investments... which is not any kind of a reasonable presumption.. so the presumption shoudl be fuck diversification, unless and until there might be some reason to go down that path.

[edited out]

I disagree with you that bitcoin is still in his early stage of adoption that was before not now anymore. More people have come to know about bitcoin and they have also adopted bitcoin.

How could BTC not be in the earliest of stages of adoption if ONLY around 1% of the world's population has any kind of exposure to bitcoin.  If people knew about bitcoin they would actually hold some of it. So people hardly know shit about bitcoin, even if they might have heard the word.  Even people who own bitcoin may hardly have any clue about bitcoin except their presumption that bitcoin is some kind of a NGU technology.

Only bitcoin ETF approval in the US have made the whole world to know about bitcoin. Do you know how many countries lunched their bitcoin ETF after US did. Do you check the regular daily cash inflow and from the ETFs very massive.

Of course the recent approval and going live of the BTC spot ETF has contributed to certain number of wealthy people and institutions getting into bitcoin, but that still does not translate into the population all of a sudden becoming smart about bitcoin.  Yeah sure, there might be some folks newly coming into bitcoin based on their having had learned about bitcoin because of the BTC spot ETF approval.. but I doubt it is as great of a number of newly aware folks as you are presuming it to be.

Only the US alone is enough to make bitcoin more popular with the way they are going about the privacy in bitcoin by shutting down Mixers and some services that promotes decentralization. I guess you are still new to bitcoin and you don't know what is happening. It is only the old ones that might not be aware of bitcoin, but the youths a much aware. Down in my street and my environment 13yrs and above already knows and talk about bitcoin. Bitcoin is advertising herself now with her great potential as fiat depreciates. El Salvador have their country reserve funds in bitcoin, meaning everyone in El Salvador knows about bitcoin and the neighboring countries.

Bitcoin price is increasing because more people are buying.

You seem to be presuming too much in regards to your believing that suddenly the masses of people are aware of bitcoin and are buying it.   More likely bitcoin is being absorbed by fewer people through the ETFs and the ETFs are held by third parties and there are attacks upon bitcoin's self custody.. so yeah, you can still get bitcoin, but individuals are likely getting more and more priced out of bitcoin including getting dissuaded from buying bitcoin due to high transaction fees too... so you better be a pretty fucking smart person if you are going to figure out that you need to buy bitcoin and self-store your bitcoin which is not very many people who have figured that out, and yeah a lot of people will come to bitcoin and the prices are going to be much higher than they are now..

so in other words, bitcoin remains an asymmetric information kind of an investment in which you are going to be better off by both knowing about bitcoin and acting upon such knowledge  to buy bitcoin.. which truly does not seem to be happening in the ways that you seem to be presuming to be happening @Frankolala. We can agree to disagree if you want to continue to presume that normies know about bitcoin and are acting upon such knowledge to buy bitcoin.

[I_Anime]

[edited out]

I disagree with you that bitcoin is still in his early stage of adoption that was before not now anymore. More people have come to know about bitcoin and they have also adopted bitcoin.

How could BTC not be in the earliest of stages of adoption if ONLY around 1% of the world's population has any kind of exposure to bitcoin.  If people knew about bitcoin they would actually hold some of it. So people hardly know shit about bitcoin, even if they might have heard the word.  Even people who own bitcoin may hardly have any clue about bitcoin except their presumption that bitcoin is some kind of a NGU technology.

Exactly Bitcoin is still in  its earliest stages, and to me this recent price is still one of the best price to start your bitcoin accummulation. Alot of people are not familiar with bitcoin or how it works. That's why most time some folks prefer to trade with their Bitcoin than to hold (which is not smart at all), because if they understand the true potential of Bitcoin, they would have choose to hold some portion. Than to okay with it . I'm not against trading though but , trading or not is better for one to have some nice stashes of Bitcoin for long-term holding.

So bitcoin is still in it early stage, and this time around is still a good time Tu start accumulating.  Because I believe as time goes Bitcoin will continue to gain More adoption.

[Chiomaobi]

[edited out]

For those already in the know, however, continuing to stack sats and diversify one's portfolio is a prudent strategy.

Yes.  There are potential advantages to actually having information asymmetry, yet we are still not going to know for sure if we were correct in terms of the information asymmetry that we feel that we have - even though surely some of us who have been in bitcoin 4-10 years may well feel some various levels of internal satisfaction in terms of the level to which our BTC holdings are already in decent amounts of profits with decent amounts of cushion in our profits.  Surely there also are likely some folks who have been in bitcoin for less than 4 years who also can feel a certain dynamic of being in profits - yet still there is some comfort that is felt by having a portfolio that is in profits... even if it is a shorter term holdings of bitcoin.

Actually regarding your other point about diversifying, I had not noticed that dumbass point prior to sending you a smerit.. so yeah, I wished I could pull it back since the idea of diversifying for the mere sake of diversifying makes hardly any sense without describing some kind of a context and justification why diversification would be any kind of an important point for anyone in their earlier stages of BTC accumulation.. ..

So maybe I am getting more and more irritated when I see members spouting out nonsense in regards to the value of diversification without providing some kind of an explanation why diversification is in need of accounting - unless someone is alreayd building some kind of a decent investment portfolio, then there might be some justification for diversification, but we don't know that as a general principle, we cannot presume a need for diversification, and likely we are more able to presume that an overwhelming number of persons already have hardly shit for any kind of investment, so diversification is not justified for those people either, including that 99% or so of the worlds population does not own any bitcoin, so I am not going to presume that they need to think about diversification when getting into bitcoin, absent that they might already be in some special category of person that already has various investments... which is not any kind of a reasonable presumption.. so the presumption shoudl be fuck diversification, unless and until there might be some reason to go down that path.

Diversification should not be mention in this thread because this thread fucus on the road to Bitcoin hitting 100k, I agree with JayJuanGee fuck diversification and I see no reason to diversify to another investment, Bitcoin is still growing and has not gotten to the level it should get. I regretted not investing on Bitcoin years back and now I have started I have no intention to diversify to any investment. My goal is to accumulate as many Bitcoin as I can, if we carry this mindset of diversification it will really affect our bitcoin accumulation journey one thing I understand is that when you are not focus on a particular thing you will never make it look good.

[edited out]

I disagree with you that bitcoin is still in his early stage of adoption that was before not now anymore. More people have come to know about bitcoin and they have also adopted bitcoin.

How could BTC not be in the earliest of stages of adoption if ONLY around 1% of the world's population has any kind of exposure to bitcoin.  If people knew about bitcoin they would actually hold some of it. So people hardly know shit about bitcoin, even if they might have heard the word.  Even people who own bitcoin may hardly have any clue about bitcoin except their presumption that bitcoin is some kind of a NGU technology.

You are correct, I also believe Bitcoin is still on the earliest of stages of adoption, in my home town we are only 5% that knows what Bitcoin really is, 40% have heard about Bitcoin but really don't understand what is all about and 55% has not heard about it. So you see Bitcoin is still in the early stage and that is why newbies like me should not feel Bitcoin has gone far and therefore there's no need to invest on it. A lot of people who are not investing on Bitcoin today feels that Bitcoin has reached the pic of it growth and so investing on it will account to nothing.
From now till the next 5 years people with this mindset will regret not investing.

[JayJuanGee]

[edited out]

Diversification should not be mention in this thread because this thread fucus on the road to Bitcoin hitting 100k, I agree with JayJuanGee fuck diversification and I see no reason to diversify to another investment, Bitcoin is still growing and has not gotten to the level it should get. I regretted not investing on Bitcoin years back and now I have started I have no intention to diversify to any investment. My goal is to accumulate as many Bitcoin as I can, if we carry this mindset of diversification it will really affect our bitcoin accumulation journey one thing I understand is that when you are not focus on a particular thing you will never make it look good.

I will just supplement by suggesting that one of the problems with diversification too early is like you said that yu may well lose your focus, yet again another aspect of losing focus is diluting your investment.. so there could be some circumstances in which diversification might make some sense, diversification is not necessarily something that needs to be done in the beginning for anyone who is in the earliest of stages of getting used to investing and also the earliest of stages in building his/her investment portfolio, so there is nothing wrong with starting out with just bitcoin and cash.. figuring out various ways to manage your cash and getting used to buying bitcoin regularly and buiilding your bitcoin stash, and then maybe somewhere down the road after you had been building your bitcoin and your cash for a while, then maybe at some later point you might consider some value in thinking about diversifying.. even though surely I have some difficulties considering diversification as any kind of necessity or justifiable for anyone who has not even accumulated a whole years of income/expenses in bitcoin, and surely people might find lower thresholds (such as 6 months of income expenses in bitcoin) to justify some need to start to consider whether some diversification might be suitable for such person at that stage in their investment portfolio building (and surely not referring to shitcoins either in terms of other possible assets to diversify into).

[edited out]

I disagree with you that bitcoin is still in his early stage of adoption that was before not now anymore. More people have come to know about bitcoin and they have also adopted bitcoin.

How could BTC not be in the earliest of stages of adoption if ONLY around 1% of the world's population has any kind of exposure to bitcoin.  If people knew about bitcoin they would actually hold some of it. So people hardly know shit about bitcoin, even if they might have heard the word.  Even people who own bitcoin may hardly have any clue about bitcoin except their presumption that bitcoin is some kind of a NGU technology.

You are correct, I also believe Bitcoin is still on the earliest of stages of adoption, in my home town we are only 5% that knows what Bitcoin really is, 40% have heard about Bitcoin but really don't understand what is all about and 55% has not heard about it. So you see Bitcoin is still in the early stage and that is why newbies like me should not feel Bitcoin has gone far and therefore there's no need to invest on it. A lot of people who are not investing on Bitcoin today feels that Bitcoin has reached the pic of it growth and so investing on it will account to nothing.
From now till the next 5 years people with this mindset will regret not investing.

There are not very many places that have 5% or more of their population who have invested into bitcoin, so any place that has that kind of level of actual investment into bitcoin seems like a pretty high number.. and even if the whole world's population had around 5 % of the world's population into bitcoin then that would be right around 405 million people invested into bitcoin, and I doubt that there is even 100 million of the world's population invested into bitcoin - even though there are some greedy persons/institutions that hold way higher percentages of bitcoin than any normal person is going to have trouble even getting a whole bitcoin unless he aggressively gets started working towards such an accumulation target.. so yeah, average people might even have trouble getting 1 million satoshis, even though right now, 1 million satoshis could be bought for right around $660, which seems like it is going to be difficult to buy 1 million satoshis for that kind of a price in the future... but hey, no one knows and so it seems that those of us who are stacking bitcoin and stacking satoshis are likely going to be in a better position than those who come to bitcoin 4-10 years or even later down the road.. which truly, there are likely going to be folks brand new to bitcoin later down the road.. such as just getting started somewhere around 4-10 years or longer down the road, and some of us have already gotten a head  start in terms of our own stacking.