Quote from: wxa7115 on December 07, 2021, 07:38:07 PM

Quote from: Yaunfitda on December 02, 2021, 08:18:37 AM

Quote from: Reid on December 02, 2021, 06:22:32 AM

Quote from: wxa7115 on December 01, 2021, 08:37:10 PM

So the lack of growth we have seen during the last days and the small corrections we have seen play against bitcoin, however it is finally December and the expectations for what we could see during this month are high, and those expectations could be more than enough to make the market to go up in a significant manner as traders comeback to the market trying to take advantage of the potential increase on the price.

December. I can see a lot of expectations in social media about the Bitcoin price. They want history to repeat itself and explode again gaining a new all time high. I don't doubt it could happen but just like the November expectation, the ending might be the same. Price playing from 55-65k in USD with the highest at 67k is the farthest I could see, imo.
Nothing great is happening, NFT's are roaring and investments are being drawn to them dividing all the money that should've been in Bitcoin.
Then there's the memecoins that are cheap and profitable for traders trading in millions/billions of amount. So, it's difficult to find a good reason how it could pump at 100k just like how analysts are predicting it.

Yeah, but smart money should be in bitcoin market and not those in NFT's and meme coins because sooner or later these investors are going to get burned hard. So they better get out early while in a profit and invest in bitcoin. But let's see what will December will bring to us, if history repeats itself then we will see another massive bull run and reach new all time high again.

I agree, NFTs and meme coins are the playing field of speculators that are willing to take huge risks for the chance to gain a lot of profits relatively quickly, but for the one that wants to invest in something solid and not something that can evaporate in a matter of hours then bitcoin is the right choice.

I know that it is not showing the behavior that everyone wanted, especially if we take into account that it is December and many people think of it as a very bullish mopnth and bitcoin is barely above the 50k level, but even then it should be obvious for anyone regardless of their experience in the market that bitcoin is better than all of those useless meme and NFT coins.

Not all bitcoin price predictions are becoming a reality as over 90% of them are turning out to be speculation. The way I see it is bitcoin price made a new all-time high ATH of $70,000 in the last November and the current month of December is looking super bearish for all cryptocurrencies not just bitcoin thus the probability of bitcoin price reaching $98,000 in this year is a mystery. Perhaps, we might see another all-time high in the next year of 2022