Bitcoin price prediction and newbies' thoughts

[jcojci]

Learning will be the best thing before buying Bitcoin so that is the thing for people to do. Learning more details will makes them see how to start with the right and not in hurry so they will not get in the trap in FOMO. They can determine when they are ready buying Bitcoin and how much allocating money they can prepare and buying according their plan.

They will profit in the right time if they follow the guidelines and not just follow others suggestion. They also need to learns about hodling Bitcoin tight in the bear market and knowing how to buy at that time. The profit will comes when the bull market comes so they will have patient to buy and hodl while waiting for the time comes.

[BALIK]

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

Unfortunately, this is how most people approach Bitcoin. Most people enter the market primarily for profit, while value ​​like decentralization and censorship resistance are secondary. That is why to this day, Bitcoin is still classified as a high risk speculative asset rather than a safe haven asset like gold.

If most investor truly valued those core principles and based their investment decision on them instead of prioritizing profit, they would not panic over every price swing. Bitcoin would probably be far less volatile than it is today.

Honestly, I don't think that will change. Profit will always be the primary goal for most people.

[savetheFORUM]

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.

On the past, it should be the currency or technology of Bitcoin is what the early people are more focused at. And right now, things have drastically changed. The people now are more focused into the Bitcoin's asset aspect after knowing that its value can rise so high. But that was still a good thing if many are actually like that you guys said there.

It may really be possible in fact, as there are plenty of Bitcoin communities right now, and add in the information scattered online. So knowing the true potential of Bitcoin is not a secret anymore. There is still more to the current price that we are seeing right now if we will not rush thing and be greedy.

[Jaweria parveen]

Learning will be the best thing before buying Bitcoin so that is the thing for people to do. Learning more details will makes them see how to start with the right and not in hurry so they will not get in the trap in FOMO. They can determine when they are ready buying Bitcoin and how much allocating money they can prepare and buying according their plan.

They will profit in the right time if they follow the guidelines and not just follow others suggestion. They also need to learns about hodling Bitcoin tight in the bear market and knowing how to buy at that time. The profit will comes when the bull market comes so they will have patient to buy and hodl while waiting for the time comes.

If new people do not understand this, then they will have to lose money first so that they can learn from the beginning. It is better to learn with loss for so long than to learn for so long that before investing, it is better to understand the market level and its analysis for some time. Obviously, when a new person is clear about how to invest in the market, he will avoid smart people and will also understand such whales, which will also work in his mind to earn profit in the long run. It is difficult to understand the price of Bitcoin at a given price, but we can understand its behavior, so a new person will invest some time in the market and make profit by understanding every point of Bitcoin. Sometimes the market is not booming, due to which we should be fast all the time so that we understand the market and make profit at the time from which we are sure.

[Leahized]

They will profit in the right time if they follow the guidelines and not just follow others suggestion. They also need to learns about hodling Bitcoin tight in the bear market and knowing how to buy at that time. The profit will comes when the bull market comes so they will have patient to buy and hodl while waiting for the time comes.

Nowadays, many small investors follow the advice of others until they lose some of their investment money. And market monitoring doesn't seem important either. As far as I know, the beer season will continue for a few more months, and the best time to invest will be there. I think impatient people should not invest. Because they are not able to deal with difficult situations.

[Stable090]

It is true that those who truly understand Bitcoin are not easily disappointed by Bitcoin's volatility.

If you already know how bitcoin volatility works, I see no reason why you should be disappointed in any direction which bitcoin chooses to go. You already know that even if bitcoin price drops, it’s going to bounce back, so why will you be worried whenever there is decline in bitcoin price. The only people that do panic whenever their is decline in the market are people that don’t have proper knowledge about bitcoin before they started, whenever their is dip, they do panic and some might even sell at loss. what people want to see bitcoin price to be pumping.

Before you invest in bitcoin, you should know about the volatility, so you should be prepared for it. Some people will panic even if their is a slight decline in bitcoin price, people like that don’t know bitcoin price can drop, they just want if they invest, they want to be making profits, and whenever bitcoin price drops, it’s always a problem for them.

[Bitcoin_people]

Those who only picture it as an asset to turn their financial situation around in a quick way are viewing it wrongly. Bitcoin is an asset, a store of value, etc.

I do not think they are wrong too but if they think bitcoin can do it within few months is when they are wrong. If bitcoin is around $63000 now, do you not think bitcoin can not go to $500000 in few years from now? If bitcoin increase like that, I will be very happy because that is more than 7.9 times of the money that I invested on it today. I know bitcoin can not just get there easily, but it is going there.

It is certainly true that the price of Bitcoin will change, but it is certainly wrong that there will be major changes in a few weeks or months. Since we can already see that the price of Bitcoin is between $63k and is fluctuating between its middle price, in that case its price will definitely change and it will exceed $500k after a few years. However, those who invest never lose patience, your investment will definitely lead to success but you will have to wait for a long time. Since the Bitcoin market will not reach such a position very quickly, it will definitely take time and we believe that Bitcoin will reach this stage as it progresses. In that case, it is natural that Bitcoin will go to its highest height and then fall again, in that case, people get the opportunity to invest during the fall and they sell during the height which rewards them. That is why it is best to invest with faith in Bitcoin and hold them for a long time, only then will Bitcoin reach a good level in the future, much more profit will be made.

[Oasisman]

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?

You're too focused on the inflation. I think it's more appropriate to learn and understand what causes Bitcoin to rise and fall, basic technical and fundamental analysis, than learning about inflation first.
Understanding Bitcoin itself is easier than understanding how the market works. Volatility could scare the new investors.

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

Well, buying Bitcoin hoping that the price will increase is always part of the reason why everyone bought Bitcoin. So, I could just say, never buy Bitcoin if it will only eventually become your emergency fund.

[jcojci]

If new people do not understand this, then they will have to lose money first so that they can learn from the beginning. It is better to learn with loss for so long than to learn for so long that before investing, it is better to understand the market level and its analysis for some time. Obviously, when a new person is clear about how to invest in the market, he will avoid smart people and will also understand such whales, which will also work in his mind to earn profit in the long run. It is difficult to understand the price of Bitcoin at a given price, but we can understand its behavior, so a new person will invest some time in the market and make profit by understanding every point of Bitcoin. Sometimes the market is not booming, due to which we should be fast all the time so that we understand the market and make profit at the time from which we are sure.

If new people could learned from others mistakes, they will carefully steps ahead in Bitcoin investment. They will follow the basic rules and learning more to finds out what they need to do so they can avoids the trap of FOMO. They should use Bitcoin as a long term investment so they will not attract or tempting with others say and learning hodl their Bitcoin tight. They can leaving the temptation about speculation from others saying Bitcoin will increases to $200,000 or other high prices so they can focus in their investment. Bitcoin will increase in the right time and if this time is just for accumulating, they should use that while waiting for the time comes.

Nowadays, many small investors follow the advice of others until they lose some of their investment money. And market monitoring doesn't seem important either. As far as I know, the beer season will continue for a few more months, and the best time to invest will be there. I think impatient people should not invest. Because they are not able to deal with difficult situations.

They don't have blindly follow the advice of others but learning from other sources will be better so they will have more insights and knowing what they should do. They can start this time while the price down for half and continuing for some months and if the price suddenly increases, they can see the profits comes to them and that will be their decision when to sell.

[Olatundespo]

If you are aware of what inflation is and how it makes you poor, you will be able to understand how important Bitcoin investment is for you. Inflation steals your labor and makes you poorer. This means that inflation gradually reduces the value of the money you earn by working for hours each week. If you are in this situation for a long time, you will become poorer at some point. Therefore, instead of accumulating excess fiat, save Bitcoin and at least protect yourself from the effects of inflation.

I imagine that the price of Bitcoin will definitely increase in the future and I also think that the price may not increase as expected in the future. I consider every aspect, especially to protect fiat from the harmful effects of inflation.

[DPHOR]

When a trader or Investors have the right application of investment then they would always understand that Bitcoin investment is never a quick get Rich scheme where they would easily throw in some money and expect to double it within few minutes or an hour. For your information, Bitcoin is above what we just think about it because when you understand the true definition of Bitcoin you would always know how it works and you would never rush for quick profits instead will be looking around for the long term benefits of Bitcoin.
Of course, most investors that do have little or no knowledge about Bitcoin often end up having that thinking or mindset that immediately they invested they would be in a bigger profits.

[sotelorene]

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.

This is gambling or trading and let me tell you what happens when someone buy cheap hoping or planning to sell when the price went up,; those that buy cheap will always panic and sometimes they will sell in loss if the their plan doesn't work out for them and it will pain them most if they used money outside their discretionary income to buy. Why can't they buy with their discretionary income and have a long term mindset I'm sure it will reduce emotional stress and unnecessary pressure. One funny thing about the market is that when you haven't invested or buy you will see flashy thing such as price going up but the moment you buy the game changed totally.

[coinrifft]

This is gambling or trading and let me tell you what happens when someone buy cheap hoping or planning to sell when the price went up,; those that buy cheap will always panic and sometimes they will sell in loss if the their plan doesn't work out for them and it will pain them most if they used money outside their discretionary income to buy. Why can't they buy with their discretionary income and have a long term mindset I'm sure it will reduce emotional stress and unnecessary pressure. One funny thing about the market is that when you haven't invested or buy you will see flashy thing such as price going up but the moment you buy the game changed totally.

If that is the case, then those that bought at a low and cheap price and then panic is not a smart investors. I mean why you are selling your investment at a lost? Doesn't make sense. If you do that they it's obvious that you don't know how everything works in this market.

It's very different to like stocks as it is centralized obviously and there could be dates set by the company like for a split or giving dividends for stock holders. But in Bitcoin, it doesn't work that way. We're given total control of it and the best thing to do is to long for the bigger picture. And despite price going down hard and a lot of negative news, we should stick to our goals to accumulate and wait for the bull run to happen.

[Pandu Geddon]

If that is the case, then those that bought at a low and cheap price and then panic is not a smart investors. I mean why you are selling your investment at a lost? Doesn't make sense. If you do that they it's obvious that you don't know how everything works in this market.

Panic over market situations is definitely because of the ignorance of beginner investors who end up selling at a loss. But some people who have already started feel safe. The truth is, in their investment planning, they aren't managing their finances well. So, there are also investors who end up selling at a loss, or with a small profit due to certain situations. Of course, there is bad planning involved.

[puloweh555]

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

Absolutely right. Every investor mindset when investing in Bitcoin is not simply speculative, hoping it will reach $100k, $200k or $300k. We must also have the mindset that Bitcoin is decentralized, censorship resistant, and uncontrolled. Therefore, we must understand that Bitcoin functions as a hedge against inflation and that it can also provide financial freedom.

So advice for beginners Don't go all-in because of FOMO. Always prioritize the DCA method regularly and understand the basics, such as blockchain, private keys, self custody, halving, etc. Prices do tend to rise in the long term due to increased adoption but don't use that as your investment benchmark. I mean, buy Bitcoin because you believe in its vision as a better form of money, not because of price predictions. If you just follow the hype you're likely to panic sell during a bear market.

[SuperBitMan]

👀 There are many predictions about BTCitcoin, such as: its price will be 1 lakh, 2 lakh and 3 lakh etc.

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

⚠️Which actually works as a trap for the newbies. Those who buy Bitcoin just following these predictions, they must have basic knowledge about Bitcoin.

This is not the Indian board, so why using Indian numbering system in the general section? It would confuse people.

That's by the way. There is a golden rule that warms people not to deal with what they do not know or understand. If anyone is still carelessly entering a market simply because of what they hear or see externally without doing their background checking, then it is on them.

Maybe he or she  forgot that this is not his or her local board. Sometimes when replying to someone on the forum I forget myself sometimes and write some pidgin English and then when I realize myself i laugh . It’s very important after writing before you post you go through your writing again it helps detect errors.

A lot of people are still going into what they have zero knowledge about, some people have come into bitcoin investment and trading with zero knowledge about bitcoin simply because they heard about someone making huge amount of money through bitcoin investment or trading and they also want to make such money with zero knowledge, this are the people that are always making big mistakes and losing money.