Bitcoin price prediction and newbies' thoughts

[Yorubek]

Those who think buying bitcoin is going to make them rich are completely wrong and it will be better if they do not buy bitcoin because of that because they will end up regretting it at the end, only those who understand bitcoin succeed because they have already know how to handle themselves no matter how it is, the reason why some people think buying bitcoin will make them rich is because of the price and how the price rise at any time without knowing that bitcoin can not be predicted. This is one of the reasons why many beginners thinks it is very hard to buy bitcoin because they have already have a lot of things in their mind before they buy bitcoin and that is one of the things that disappointed them when they see the price is not going well as they predicted.

It is true that those who truly understand Bitcoin are not easily disappointed by Bitcoin's volatility. They can confidently hold Bitcoin for a long time and consistently manage long-term investments and make the most of every opportunity and confidently hold Bitcoin for a long time, thereby reducing the risk of losing money and protecting valuable money from inflation and enjoy all the benefits that Bitcoin brings in the future. So I think it is very important for investors to have basic knowledge about Bitcoin before starting to invest.

[The Cryptovator]

👀 There are many predictions about BTCitcoin, such as: its price will be 100k , 200k and 300k etc.

☠️Which creates a kind of ‘FOMO’ among the newbies. They think that if they buy Bitcoin, they will become rich by selling it.

As long as Bitcoin is alive, a lot of predictions will come from the various people. But from Bitcoin investment we can make money; it's true, but Bitcoin investment could make us rich overnight, which would be a nightmare later. Either you will become rich or not; that will decide your investment amount. On the other hand, we may lose as well.

Never buy Bitcoin thinking that its price will increase, but rather know that Bitcoin is much more than that.

I won't agree with you. Everyone invests in Bitcoin with an expectation; no one invests to lose, but time will decide about it. If Bitcoin never increases and there is no volatility, then who will invest in that? But don't expect to become quick rich; expect to increase price to get profits. Nothing wrong with that.

[EluguHcman]

So, first try to understand Bitcoin:

👉 What is Bitcoin?

👉 What is a decentralized system?

👉 What is inflation?

👉 How does inflation make you poor and how can Bitcoin protect you from it?

All these should not be too necessary to look into if we are strictly discussing about Bitcoin price Speculations and the psychological side of newbies or investor.

Bitcoin is generally known to be digital and Decentralised financial technology, it can be used to make payments locally and across border with lesser transaction fees and it is volatile and potential to hedge global economy inflations with its total of 21M Bitcoins making it scarce and gives it value as much the buying power is growing.

Bitcoin is said to be beyond currency but also digital assets because it increases in values in the long term.
So newbies embracing the market should not expect to become rich overnight and don't also get carried away over short term or current market behavior because the price is always volatile that plays Up and Down trends.

[Ayers]

There is too much expectations from new Bitcoin investors that doesn't fully understand how Bitcoin circles works and that there is no guarantee that Bitcoin must reach $1,000,000 in the next 10 years or beyond, there is a remote chance that it could crash and many investors would be at lose. The truth about Bitcoin value is that it depends on it's supply and demand so whatever makes the supply of Bitcoin to by far exceed it's demand means that it would crash because we don't know the type of asset and technology that might take over in the future.

your caution about ''very small chance'' that any other asset or technology will replace bitcoin seems a bit excessive. over the past 17 year we have seen the emergence of thousands of new cryptocurrency that claim to be faster, cheaper, more efficient or scale larger. but so far, none have been able to match bitcoin’s digital scarcity and unique centralized control. rather than trendy or attractive feature, network impact, security, liquidity and global acceptance are far more important.

i think we should not put too much emphasis on price prediction of $200k or $500k or $1,000,000 the reality is, we don’t really know what the price will be. every market cycle some influencer emerge who predict next target with great confidence. as a result, many new buyer start buying just by looking at these headline without fully understanding the nature of the crypto market. and that’s why when the market faces a correction or a downturn, they panic and decide to sell at loss.

[Glen Hoddle]

Those who think buying bitcoin is going to make them rich are completely wrong and it will be better if they do not buy bitcoin because of that because they will end up regretting it at the end, only those who understand bitcoin succeed because they have already know how to handle themselves no matter how it is, the reason why some people think buying bitcoin will make them rich is because of the price and how the price rise at any time without knowing that bitcoin can not be predicted. This is one of the reasons why many beginners thinks it is very hard to buy bitcoin because they have already have a lot of things in their mind before they buy bitcoin and that is one of the things that disappointed them when they see the price is not going well as they predicted.

It is true that those who truly understand Bitcoin are not easily disappointed by Bitcoin's volatility. They can confidently hold Bitcoin for a long time and consistently manage long-term investments and make the most of every opportunity and confidently hold Bitcoin for a long time, thereby reducing the risk of losing money and protecting valuable money from inflation and enjoy all the benefits that Bitcoin brings in the future. So I think it is very important for investors to have basic knowledge about Bitcoin before starting to invest.

Along with investing in Bitcoin, you can gain basic knowledge, which will not be a problem for any person, but if you can take the right level of risk to start Bitcoin in that era, then that person will definitely be successful. In the current situation, Bitcoin investment is the most attractive, because if Bitcoin can be invested for the purpose of building the future, then this will be the most suitable. If you invest in Bitcoin, you will definitely realize it, because this is the right time to build the future. Now if every investor accepts this condition, then that person will definitely be successful.

[alastantiger]

It is true that those who truly understand Bitcoin are not easily disappointed by Bitcoin's volatility. They can confidently hold Bitcoin for a long time and consistently manage long-term investments and make the most of every opportunity and confidently hold Bitcoin for a long time, thereby reducing the risk of losing money and protecting valuable money from inflation and enjoy all the benefits that Bitcoin brings in the future. So I think it is very important for investors to have basic knowledge about Bitcoin before starting to invest.

It is not easy to predict the price of Bitcoin accurately but some speculators that have been in the market for a long time can give you an idea and if you also read the chart of Bitcoin history and as far you can understand how chart works then you can also be able to give your own prediction, newbies need to understand that they don't necessarily have to listen to others prediction instead all they should be doing is to buy Bitcoin and hold because you cannot make money quickly from Bitcoin without being a holder.

Newbies should not be brainwashed and expect so much from Bitcoin in a short time because that would not happen and it might frustrate you but if you invest in Bitcoin and understand that the short term predictions are not important but you holding for a long term is all you need to become successful in Bitcoin then you will not be misled.

[BitMaxz]

i think we should not put too much emphasis on price prediction of $200k or $500k or $1,000,000 the reality is, we don’t really know what the price will be. every market cycle some influencer emerge who predict next target with great confidence. as a result, many new buyer start buying just by looking at these headline without fully understanding the nature of the crypto market. and that’s why when the market faces a correction or a downturn, they panic and decide to sell at loss.

That's normal for newbies to panic sell, but I'm fine with the influencers who do give their own analysis if they are just giving out advice without basis, then how can you trust their words?
Newbies don't have much knowledge; that is why they are attracted to influencers who can analyze the market. Usually newbies have weak hands; if they heard some FUD out there, they panic, or they see the market is bleeding, and they end up selling their holdings because they have lack knowledge until they experience regret for what they are doing after the price is recovering.

If you enter into Bitcoin, you should know the value and history and reason why Bitcoin is going to pump, like sample the block halving where the supply will drop again at 50% to any market; if the supply drops, then expect the price to rise. If they are aware of this, I am confident they will be determined to hold BTC for an extended period of time.

[jossiel]

I think that's the easiest explanation on how people can make money from bitcoin. They only have to own and buy it and wait until the price appreciates.

Knowing about those technicalities is going to come over when they already know about it.

I think in the past, that's what people have been looking for as a reason to buy. But these days, it's more about economically and the foundation that it has got as an asset type of class.

[laspol65]

I think that's the easiest explanation on how people can make money from bitcoin. They only have to own and buy it and wait until the price appreciates.

Knowing about those technicalities is going to come over when they already know about it.

I think in the past, that's what people have been looking for as a reason to buy. But these days, it's more about economically and the foundation that it has got as an asset type of class.

Holding is definitely important for investing in Bitcoin, people have been holding Bitcoin since the past. Those who were able to take risks are the only ones who have succeeded in the present, and those who could not take risks are the only ones who are regretting it very much in the present.
So, to avoid this regret in the future, you have to invest in Bitcoin and become the owner of Bitcoin, for this, the strategies that need to be followed must be followed by every person, if they can hold Bitcoin in the long term in the future, it will be possible to get the most profit.

[Out of mind]

I think that's the easiest explanation on how people can make money from bitcoin. They only have to own and buy it and wait until the price appreciates.

Knowing about those technicalities is going to come over when they already know about it.

I think in the past, that's what people have been looking for as a reason to buy. But these days, it's more about economically and the foundation that it has got as an asset type of class.

Holding is definitely important for investing in Bitcoin, people have been holding Bitcoin since the past. Those who were able to take risks are the only ones who have succeeded in the present, and those who could not take risks are the only ones who are regretting it very much in the present.
So, to avoid this regret in the future, you have to invest in Bitcoin and become the owner of Bitcoin, for this, the strategies that need to be followed must be followed by every person, if they can hold Bitcoin in the long term in the future, it will be possible to get the most profit.

However, Bitcoin is the safest to hold for a long time and it is ready to give financial freedom, those who can hold for a long time are rewarded. On the other hand, there are many who cannot prolong their investment because their plans are not very good, as a result of which they sell when they see market volatility and regret it when the market rises again. Those who think about the future and focus on investing will be rewarded only when the Bitcoin market reaches its highest level. And those who actually enter the market with the mindset of investing are never afraid of the market situation, but they hold with courage. Investing for a long time is always profitable, those who invest for a short time are always at risk, so you should always plan for the long term to avoid losing your money.

[jossiel]

I think that's the easiest explanation on how people can make money from bitcoin. They only have to own and buy it and wait until the price appreciates.

Knowing about those technicalities is going to come over when they already know about it.

I think in the past, that's what people have been looking for as a reason to buy. But these days, it's more about economically and the foundation that it has got as an asset type of class.

Holding is definitely important for investing in Bitcoin, people have been holding Bitcoin since the past. Those who were able to take risks are the only ones who have succeeded in the present, and those who could not take risks are the only ones who are regretting it very much in the present.
So, to avoid this regret in the future, you have to invest in Bitcoin and become the owner of Bitcoin, for this, the strategies that need to be followed must be followed by every person, if they can hold Bitcoin in the long term in the future, it will be possible to get the most profit.

And doing the investing should be now and not soon.

Because those who keep on saying that they're going to invest soon is forgetting that the time is moving quickly.

Their expectation keeps on changing from time to time despite that the market is experiencing a slow down and a bear.

So I agree to avoid regretting in the future, do the right thing now which is to buy, DCA or just initiate it.

[YOSHIE]

Never buy Bitcoin thinking that its price will increase, but rather know that Bitcoin is much more than that.

Have you ever heard news speculation about the "Doomsday" even though it doesn't happen in the near future as predicted, but some people believe that the apocalypse will come when the time comes.

That's how it is in terms of Bitcoin price predictions and speculation, even though there are many experts who speculate that the price of Bitcoin will rise to the $200k level to the $300k level even though that doesn't happen in the near future, many crypto users believe it will happen.

For this reason, the decision to buy and sell Bitcoin is up to us, speculation is a means of information as well as social media, influencers and so on, the point is that the crypto market cycle is always changing, with beginners understanding and learning a lot about Bitcoin investment, that's when beginners put aside the FOMO about Bitcoin circulating, they stay focused on their stance, that's what Bitcoin users should be.

[Awaklara]

I think in the past, that's what people have been looking for as a reason to buy. But these days, it's more about economically and the foundation that it has got as an asset type of class.

Because the price of Bitcoin is getting higher, there might be a change in how beginners view Bitcoin. In the past, a beginner might have been more focused on speculation to buy Bitcoin. Now, those who invest in Bitcoin certainly consider the strategic aspects of value development or its use in the future.

[Asuspawer09]

It's maybe the false hope since they are already rooting for a higher market price, as a newbie it's really difficult on stay on track especially if you are already wanting the profit or expecting it on short term thinking that investing in crypto or Bitcoin was going to be easy, probably you started on a project where you earn a huge amount and think that it was just really easy all you need to do is put money on it and wait and then you could make a profit, but your just gonna realize that it wasn't that easy, even though it was that simple actually buying low and selling on high market price, doing it was already a huge different story, it wasn't easy to stay on the track, it wasn't easy to hold long term, it just going to take years in order to build your portfolio. And I think most of the beginners have already lost it because most of them are thinking that it was some kind of meme token, where you are going to easily earn huge amount with a very low risk.

Holding with a very low risk on Bitcoin was just the best method in my opinion, spot trading and building it, accumulating an amount, avoiding the prediction because everyone is already expecting it, the important part was to position while you still can and accumulate because if you dont have a safety net your just gonna end up buy sell with low profit.

[bangjoe]

I think in the past, that's what people have been looking for as a reason to buy. But these days, it's more about economically and the foundation that it has got as an asset type of class.

Because the price of Bitcoin is getting higher, there might be a change in how beginners view Bitcoin. In the past, a beginner might have been more focused on speculation to buy Bitcoin. Now, those who invest in Bitcoin certainly consider the strategic aspects of value development or its use in the future.

It makes a lot of sense to see and gauge how the potential for more bitcoin in the future as a matter of consideration before investing, the era in the past and the era in the present will inevitably have a change in mindset and the type of asset needs to have much stronger durability and appeal in the economy, if bitcoin does, transactions and security and other advantages of bitcoin then people will question What can be taken again as a value if alternative technologies are already many similar, and bitcoin will only be a rare asset with a very expensive price like collectibles.

[jossiel]

I think in the past, that's what people have been looking for as a reason to buy. But these days, it's more about economically and the foundation that it has got as an asset type of class.

Because the price of Bitcoin is getting higher, there might be a change in how beginners view Bitcoin. In the past, a beginner might have been more focused on speculation to buy Bitcoin. Now, those who invest in Bitcoin certainly consider the strategic aspects of value development or its use in the future.

The strategy of most investors now is to buy cheap and get profits when they can.

While there's a certain amount that will be held for holding for too long as that sets like the retirement fund/account.

And those who have missed buying and selling in the past will be wiser this time. They'll buy during the dip and won't have a second thought to sell when they're in profit.

[Pandorak]

These days, many people buy Bitcoin with the sole purpose of making a profit, most are certainly influenced by this. especially with today’s ease of access, you can easily find the latest news about Bitcoin and there are so many influencers who share moments when they buy Bitcoin and profit from it.

Some view Bitcoin simply as an investment instrument with great potential for the future. Perhaps only a handful of people want to learn about Bitcoin, starting from its creation by Satoshi, the purpose behind its creation, etc. This is actually important, as it gives you a different perspective, rather than just focusing on the profits to be made.

[Orpichukwu]

I think that's the easiest explanation on how people can make money from bitcoin. They only have to own and buy it and wait until the price appreciates.

Those who are still calculating between buying and holding Bitcoin and buying and day trading it, which among them gives them a better opportunity to make more profit, are still lost. Trading might be profitable to a few, but holding has been that option with lower risk.

The only thing the person has to worry about is how to be able to overcome all the temptation that the market will bring to their doorstep; if they can build a strong mind against FOMO and FUDs, they are likely to succeed more than anyone focusing on trading Bitcoin.

[Awaklara]

The strategy of most investors now is to buy cheap and get profits when they can.

While there's a certain amount that will be held for holding for too long as that sets like the retirement fund/account.

And those who have missed buying and selling in the past will be wiser this time. They'll buy during the dip and won't have a second thought to sell when they're in profit.

In the end, experiences like that will become lessons for developing understanding and approaches that investors will use in the future. Some stick to buying when the market is bearish, while others make regular purchases as a form of savings. 
The understanding of investing will eventually adjust to the methods that seem most profitable and suitable for each investor.

[jossiel]

I think that's the easiest explanation on how people can make money from bitcoin. They only have to own and buy it and wait until the price appreciates.

Those who are still calculating between buying and holding Bitcoin and buying and day trading it, which among them gives them a better opportunity to make more profit, are still lost. Trading might be profitable to a few, but holding has been that option with lower risk.

The only thing the person has to worry about is how to be able to overcome all the temptation that the market will bring to their doorstep; if they can build a strong mind against FOMO and FUDs, they are likely to succeed more than anyone focusing on trading Bitcoin.

They are lost because they either lack of experience or lack of courage. It's either of the two and while us who have took the risk are happy with what's happening.

From the last year of the bull run cycle and right now as the bear have come.

This situation is being taken for granted by these folks and soon they'll understand why we are not scared because we do the right counter for it which is to accumulate.

In the end, experiences like that will become lessons for developing understanding and approaches that investors will use in the future. Some stick to buying when the market is bearish, while others make regular purchases as a form of savings. 
The understanding of investing will eventually adjust to the methods that seem most profitable and suitable for each investor.

I agree.

The adjustment is there when they have already understood what's happening and if they have made a plan how to take advantage of it.