Price of bitcoin can't be constant

[Aanuoluwatofunmi]

We cant expect the bitcoin price to be constant or fixed as OP already mentioned, it is a volatile currency and this is one of the most exciting character about it that make many to consider it being profitable for them to make money from and earn, as well as holding in it their asset for long to earn some more extra profits on the investment made, in  its volatility lies the increasing tendencies for making profits which is why bitcoin is the best.

[Maslate]

When there are discussions like that and upon hearing someone says that they've got some certain price, I think that's also their thought of buying more and that's fine. Everyone has a speculation and some prices roaring on their minds on how much Bitcoin can be as its floor price. We've seen it having some flash crash and pulled back to $49k and it's true that price can't be constant as you won't see that on a volatile asset that keeps on fluctuating from time to time. We cannot be sure on how long it will stay on the current price but then, long term holders won't have to be bothered with such.

Anyone can create price speculations for bitcoin, and there's no one who is right or wrong since none of us can't be certain about the future price of bitcoin. But one thing that I'm sure of, bitcoin price will never constantly move upward or downward since it's value is more on pumping or dumping due to bitcoin's high volatility. And if you are passionate investing in bitcoin and hodling it like there's no plan of selling, I think that's a good thing because that kind of mindset will surely make profitable gains in the end, unlike those who are still doubting when to hold and when to sell.

[tottong]

We cant expect the bitcoin price to be constant or fixed as OP already mentioned, it is a volatile currency and this is one of the most exciting character about it that make many to consider it being profitable for them to make money from and earn, as well as holding in it their asset for long to earn some more extra profits on the investment made, in  its volatility lies the increasing tendencies for making profits which is why bitcoin is the best.

Volatility or fluctuation makes the price of bitcoin quite difficult to predict so that for those who are able to take advantage of it will get benefits in investment or trading.
There is no such thing as constant or stable for the price of bitcoin because there are many sentiments that occur so that deciding the price constantly is impossible.
People see bitcoin as the best asset because it has a fluctuating rate and tends to increase at any time or period even though in investment or trading practices if you do not have the knowledge it will result in losses.

Its increasing value makes people think that investing or trading in bitcoin is a choice that is full of risks.
This risk can be minimized when someone understands how, when done correctly then it will be fine.

[EarnOnVictor]

Today I saw some group of people in my geographical environment that's discussing of bitcoin price, and one of them said that bitcoin price will continue to fall until it get to thirty thousand [30k] so based on what the young man said that called my attention to their discussion, so I have to let them know that bitcoin is unpredictable and since price of bitcoin is unpredictable you can see the price of bitcoin at eighty five thousand [85k] within short time, and it can happen to the decrement aspects of bitcoin

You were right with your explanation and I hope it has educated those guys, although we are all speculating, no one knows exactly what the market would do. Nonetheless, what bores me most lately is those who are just calling an unrelenting bullish movement for Bitcoin, where is the liquidity to achieve that? I've been complaining about this for so long until it now dawns on them as a reality. This is not to say that Bitcoin can't still reach $100,000 or higher, but it has to take time.

Bitcoin is no longer some sort of a baby asset, it is growing up, and with a huge liquidity of over $1T, it has to slow down and follow a more sane market behaviour unlike how it behaved when it was just a few tenths of billions of dollars.

so what I want to ask us is that, what decrement point do you think bitcoin will reach before the price accelerate above one hundred thousand [100k] or within the range of one hundred thousand before end of this year.

Who knows that Bitcoin would hit $49,000 again this year? But it did in August, so anything may still happen on the downside. If it breaks below the low created in August at $48,864, there is a high tendency that it may hit the $40,000 psychological level before rebounding again.

[michellee]

Yes, you are right about that. Bitcoin can not be predicted easily. We can only follows the pattern and predicted until when the price will moves and reverse. We must be wise to close our trade so we don't lose in trading.

If Bitcoin price fall down to $30k, that will be the best moment for us to buy more and more. We don't know if that price will reach that lowest price in the future or not so we must use that for our benefit. But we will not know if that price will happen or it will bounce to the high price.

The price now still moving and seems moving fast. You need to analyze more to find where is the movement. But if you just investing in Bitcoin, you can buy Bitcoin in any price you want.

[jaberwock]

The entire cryptocurrency market, including the Bitcoin market, is full of volatility. In this volatility the market can take any situation at any time. It is very difficult to say exactly whether the market can go down or up, but it can be said that the Bitcoin market is likely to go up. Especially since we have been through the Bitcoin halving for quite some time and the bull-session after the halving will begin a few months later, it can be said that the Bitcoin market will be in a good position by the end of 2024 and into 2025. Many influencers predict that Bitcoin will hit $100,000 by 2024 or 2025, but let's see what the last minute can do. Not only on the basis of location but must invest and move forward with that investment. Profitability can be found only if the market grows if the investment can be moved forward.

Volatility is an up and down in price. Being stable is still not included there, so I won't say that volatility alone can allow us to see a lot of possibilities or scenarios. Yeah, predicting is difficult but it does not mean that we will just predict randomly. There is still charts, indicators, and others that we can use to make a technical analysis which can help us 'somehow' to tell if when will the price head at a certain period of time.

BTC is volatile but in the end its value can always recover and in the long run the ups are still more than the downs. About BTC going $100k, we still have plenty of time for it and nowadays we can see that BTC is already recovering again, so why not right? Maybe we still can see that $100k this year.

[Rockstarguy]

Today I saw some group of people in my geographical environment that's discussing of bitcoin price, and one of them said that bitcoin price will continue to fall until it get to thirty thousand
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Bitcoin's price is unpredictable. Anyone claiming to know exactly where it's going is full of it. Don't listen to random people on the street spouting price predictions.

Rather than stress over day-to-day volatility, keep eyes fixed on the long-term potential.  Timing these markets rarely pans out well for amateurs.  Most of us lack the skill and emotional discipline to turn profits regularly trading such an asset.

Everyone with their own speculation of bitcoin price. It is nothing new that people will always try to predict or have to say something about the price of bitcoin. For us who understands that the price of bitcoin is unpredictable,  we don't have any specific amount in mind to tell where the price is heading to in a particular time, we concentrate in investing bitcoin and to take advantage of it price. Relying on personal or other people's predictions of bitcoin price is not the best and it shows lack of understanding of bitcoin.  It is just better to buy bitcoin and never to predict the price of the market because it is not always possible for one to get it right.

[GeorgeJohn]

Today I saw some group of people in my geographical environment that's discussing of bitcoin price, and one of them said that bitcoin price will continue to fall until it get to thirty thousand [30k]

That person who said that Bitcoin will reach $30k again is someone who's living in 2023. I don't think that we are going to see Bitcoin going below than $40k no matter how heavy dumps take place.

I know it's not impossible for Bitcoin to getting dumped to $30k value but I don't think it's going to happen now or in future.

The truth is that bitcoin price is not predictable and it maybe that the person is a good trader that examine the flow and flux of bitcoin that made him to make such utterance, secondly everyone is entitled to his opinion and I know very well that bitcoin price is something will increase to a certain level unfortunately the price will drastically decreases, so if it personal suggestion is that price of bitcoin will reduce below thirty thousand [30k] That's means, it's his observation towards the value of bitcoin and it can possibly happen because bitcoin price is unpredictable

[Nanga Parbat]

We cant expect the bitcoin price to be constant or fixed as OP already mentioned, it is a volatile currency and this is one of the most exciting character about it that make many to consider it being profitable for them to make money from and earn, as well as holding in it their asset for long to earn some more extra profits on the investment made, in  its volatility lies the increasing tendencies for making profits which is why bitcoin is the best.

Bitcoin can provide good returns in the long term , but it is wrong to think that money from Bitcoin will double.  Bitcoin is not gambling but an investment in which it is important to understand market trends and Variations.  Those who have invested in it wisely have earned good returns over time.  But for those who invest only in the hope that their money will double soon, it can be disastrous for them.  Therefore research and proper planning should be done before investing in Bitcoin.  Investments made with patience and wisdom bring success in the longterm, otherwise not.

[batang_bitcoin]

When there are discussions like that and upon hearing someone says that they've got some certain price, I think that's also their thought of buying more and that's fine. Everyone has a speculation and some prices roaring on their minds on how much Bitcoin can be as its floor price. We've seen it having some flash crash and pulled back to $49k and it's true that price can't be constant as you won't see that on a volatile asset that keeps on fluctuating from time to time. We cannot be sure on how long it will stay on the current price but then, long term holders won't have to be bothered with such.

Anyone can create price speculations for bitcoin, and there's no one who is right or wrong since none of us can't be certain about the future price of bitcoin. But one thing that I'm sure of, bitcoin price will never constantly move upward or downward since it's value is more on pumping or dumping due to bitcoin's high volatility. And if you are passionate investing in bitcoin and hodling it like there's no plan of selling, I think that's a good thing because that kind of mindset will surely make profitable gains in the end, unlike those who are still doubting when to hold and when to sell.

Yes, Bitcoin's price will never be the same. It's volatile and the price changes from time to time. We get that a lot and for every cycle, we're having new floor prices and this is what we all like to talk about all day long. Sometimes, it's all about the future of what we're thinking and how we're going to spend our money for it but then, you have to set your mind on how much price you are going to sell. Because as we are talking, the price is constant and it's never the same and there will be times that after selling for the price we think is quite high already, the price pumps more and surely you'd feel discouraged about that but that's fine, profit is profit.

[GeorgeJohn]

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I think this thread suit best at bitcoin speculation board, I was wondering what the thread is doing at trading board, since the topic borders on bitcoin price speculations, so ops you can move the thread to the right board so that we can have a constructive speculations of bitcoin potential prices.

This thread is not capitalising only in speculations of bitcoin price but making emphasises of bitcoin regulations, so I think that you maybe right and also wrong at same time, mod have to place a thread in a specification that is suit to the thread

Although both you and the guy that speculated $30k bitcoin price and you that speculated $80k are both right because none can actually predict which price bitcoin will touch in the next minute, days and months, so speculations can't be wrong no matter the price mentioned.

I just portray my personal opinion, because I know quite well that nobody control or regulates the price of bitcoin, and it's obvious that what triggers the increase of bitcoin in the market is base on the demands, so that's while I can not assure anyone that price will stand on a particular price

[LogitechMouse]

Today I saw some group of people in my geographical environment that's discussing of bitcoin price, and one of them said that bitcoin price will continue to fall until it get to thirty thousand [30k] so based on what the young man said that called my attention to their discussion, so I have to let them know that bitcoin is unpredictable and since price of bitcoin is unpredictable you can see the price of bitcoin at eighty five thousand [85k] within short time, and it can happen to the decrement aspects of bitcoin, so what I want to ask us is that, what decrement point do you think bitcoin will reach before the price accelerate above one hundred thousand [100k] or within the range of one hundred thousand before end of this year.

I don't want to judge the person who said that Bitcoin will continue to fall until the $30,000 price range, but I would say that his what he said doesn't have any logical reason at all, and he said that because either he just want to, or he's not that knowledgeable enough when it comes to the price movement of Bitcoin. Maybe he's one of those people who didn't took the opportunity when Bitcoin was still at that price range way back 2 years ago. Well, it might happen since you said that it's unpredictable, but what are the chances for it to happen right now? I don't think that it will reach that point.

As for your question, it's hard because like you said, the market is highly unpredictable. Maybe if it reaches $50,000? or $60,000? What I know is that, Bitcoin will reach $100,000 when the bull run starts. When it will start? I don't know.

[Dr.Bitcoin_Strange]

Well, I cannot say for sure what the price will fall to before it can start to pump again. The price of Bitcoin is very dynamic; by any factors that cause the price to fall, Bitcoin can drop from its current price to $45k in just a day or two, and no one can stop it from falling. Based on my speculation, I feel that Bitcoin is not supposed to dip below $45k again unless it's caused by any serious bad event, but we cannot always be certain because the price can be very volatile sometimes. According to others's predictions, Bitcoin is not meant to fall even to $30k, but it's indecisive.

[GeorgeJohn]

<...>

I don't want to judge the person who said that Bitcoin will continue to fall until the $30,000 price range, but I would say that his what he said doesn't have any logical reason at all, and he said that because either he just want to, or he's not that knowledgeable enough when it comes to the price movement of Bitcoin.

Their is some certain things that doesn't required much argument with people, because I don't know if it's anti-bitcoiner, so what I need to do is portray my personal suggestion to them, because anything has to do with bitcoin price nobody maybe right, because we are all exaggerating, and nobody can portray the exact future of Bitcoin when it comes to a price regulations, so in nutshell, bitcoin price unpredictable as I said before, it may likely fall to the guy prediction due to the price is fluctuating currently

As for your question, it's hard because like you said, the market is highly unpredictable. Maybe if it reaches $50,000? or $60,000? What I know is that, Bitcoin will reach $100,000 when the bull run starts. When it will start? I don't know.

Actually the price has hits seventy thousand dollars [$70k] and yet it has not gotten to eighty thousand dollars [$80k] since this year it started to accelerate, rather the price kept fluctuating, and what price of bitcoin is doing right now remind me of price of bitcoin in 2017 when it increases very well and first time the price hits sixty thousand dollars [$60k], and later run we began to see the price crashed to the extent of going back to fifteen thousand dollars [$15k], so price of bitcoin can fall drastically base on available information at hand.