Quote from: suzanne5223 on Today at 12:45:30 PM

Quote from: okorieemmanuel on August 10, 2022, 09:24:55 PM

Quote from: burky156 on August 10, 2022, 12:56:12 PM

In the long run, I don't know how much bitcoin will cost. Most likely what some experts predict that in 2025 the price of bitcoin will reach $100k or more is possible. It's better for the short term like now it will be better for us to collect bitcoins while the price is still low so that later we don't lose momentum when bitcoin prices experience a significant price increase or set a new ATH record again.

$100,000 is just to much. Everyone knows the implications of inflation. So In my opinion, Bitcoin cannot reach that price. I guess it would be similar to current price now around $40,000 or less in January, 2025. Bitcoin awareness is everywhere and there are are currently so many people trying to invest in it. That is definitely going to affect price action. Demand and supply equilibrium must hold

The predicted $100,000 for the year 2025 is not too much since Bitcoin still maintains its 4years cycle, the block halving is still taking place and the institutional investors have joined the market which I believe will trigger a vast level of rally and FOMO in the crypto market when it's 2024.
I will advise you to accumulate BTC now instead of speculating that the $100K price won't be achieved in the year 2025.

I'm one of those people who are optimistic that the $100k price target is very likely to be achieved by Bitcoin in 2025, especially in 2024 there
will be a Bitcoin halving which usually makes the price of the Bitcoin pump very high. So as you said we better focus on collecting Bitcoins from
now on, because if it's true that the $100k price target is reached then we will regret it if we don't have a lot of Bitcoin. Moreover, the history of
Bitcoin movement has proven that every 4 year cycle there will be a very high Bitcoin increase. So if we want to predict the price of Bitcoin,
we must do research and analysis properly. So that we understand how Bitcoin works, and so far every time the Bitcoin halving occurs there is
hype in the market.