Quote from: Woodie on September 25, 2021, 07:54:59 AM

Quote from: Olayinka2225 on September 19, 2021, 05:25:55 AM

Large scale institutions are doing all in their power to accumulate as much as possible at their lowest prices. But we will find out how things play out. People have been predicting bitcoin to hit $100K+

And it will surely happen, these things don't happen over night! Look back and see where we are coming from, getting to hit $1000 was an achievement and nobody thought $10k would happen then price kept climbing the ladder over the the years till we saw $60k and that was the closest we have come to getting to $100k. With price being where it is now I don't think we are far from our target , it will take just a few investors jumping on board and we are going to shooting for the stars.

I believe that the more we survive, the more money comes into crypto and that is the main reason why we are getting higher. Surely there are more and more traders which is the reason why we still go up and down a lot but that up and down range changes because there are also more investors as well. We used to trade between 100-200, then we traded between 1000-2000 and then we had a long period of 5-10 range and now we are 40-50 range. So, that means yes there are many times bitcoin falls a lot and goes up a lot, but in the long run that starts to happen at higher and higher levels.

I personally believe that we should not be too shocked about the current situation that we are in, surely it dropped but that must feel good that we "dropped" to 40k levels, that is a drop I can get behind, only a few months ago we dropped under 30k, now dropping to 40k is somehow seen as a bad thing for some reason.