Post
Topic
Board Speculation
Re: Bull Run in Bitcoin
by
peter0425
on 04/03/2022, 11:50:35 UTC
I sometimes think that bitcoin and crypto market are now matured and we may not see extended bull or bear runs. Bitcoin will reach a hunderd thousand dollars or more but it won't be a parabolic move. What are your thoughts on this ?
Bitcoin will definitely exceed $100k but it won't be a parabolic move it might even taker longer to get there and this where they hodlers play a role to make this achievable. Once the demand exceeds supply there will always be room for inflation just like the Russian and Ukraine adoption lately caused a spike in price. Crypto also obey the laws of economics
nothing is impossible bitcoin reaches $100k, but not in the current state, considering the world chaos is not in a normal state for bitcoin, although this doesn't specifically affect bitcoin, if demand exceeds supply, bitcoin will strengthen at a higher price , because there is no balance, the law of economics shows, that every increase in demand, then the strengthening of prices tends to follow greater
it will take year again before hyping like we had in 2021 , so best to enjoy the movement now and take a small profit in each pump, but if you wanted to keep holding then much better for safer and for not time spender .
i love holding and trading at the same time , of course altcoin is what i use in trading and Bitcoin for holding.