Quote from: maydna on Today at 01:17:53 PM

Quote from: stomachgrowls on October 05, 2022, 07:23:52 PM

Quote from: maydna on October 05, 2022, 09:08:17 AM

From your post, I can not imagine if the bitcoin price can be at $741k. That will be a big surprise to all since we will prepare to have more and more bitcoin from now on. But that could happen because we will see the reward drop to 3.125 BTC so it can trigger the higher price to increase, which can be more than $100k.

But I never expect to see the price be at $741k so we will make a big profit later. Hopefully, that will happen in the next 2 years. Meanwhile, for the next year, it will be a struggle year for bitcoin because the government can be tighter than before as bitcoin or crypto could be more popular than today.

Basing up on the chart and trying to look into those indicators which do shows that it might hit up 100k or more which is something realistic but on what you had noticed is about 741k, whether it was just a hover or simply op did pertain about those possible price?

We cant really be sure but basing up on patterns on each halving event, then we might really be having those significant price increase but we know that this market isnt something
that you could easily predict.

But to think that mining rewards had already been halved plus the demand becomes even more higher then expect on what would be the outcome.

It will never be easy to predict what will happen to any half event before, before or after the halving event. But maybe before or after the new year, the price could reach $100k or more in the following months until 2024, the price could continue to increase and eventually go to the price predicted by @OP. That sounds too good, but it's at $2024 or near the halving event. So we better get ready from now on so we can participate at that moment.

2022 will indeed be a bearish season, it could even go up to 2023 because the war will still last and create inflation around the world,
this is why cryptocurrencies are really the last choice for investors,
maybe we need more hype like 2021 where Elon Musk, and several countries in favor of Bitcoin,
and if 2023 it happens again then the bulls are coming.