Quote from: Abiky on Today at 01:07:59 AM

Quote from: worldofcoins on October 26, 2022, 11:36:09 AM

I think in short term it's possible for bitcoin to reach 17k or even 16 or 15k, but in long run, it'll cross 60k easily.

I made a thread where everyone will predict the price of btc whether it'll hit the mark of 45k/BTC but it seems we're a long way from hitting that mark and maybe we'll have to wait 2 more years for bitcoin to actually go over that price.

You seem to be forgetting that the global economy is in a very bad state. Without showing signs of improvement, you can't expect Bitcoin to reach a new All-time-high in price anytime soon. People are focused on rising energy, gas, and food costs which are essential commodities in daily life. That means investors won't have spare money to pour into crypto assets like Bitcoin and Ethereum. No capital influx, means low demand on the market.

I think we're going to have to wait a little longer until the Russia-Ukraine crisis is over. Once there are no more disruptions on the global supply chain, everything would be gradually going back to normal. Who knows if 2024 through 2025 turns out to be a good season for BTC? Just my thoughts Grin

I remember when bitcoin started to drop at the end of 2021, which means bitcoin is still in a 4-year cycle, and after the price reaches its ATH, it will begin to drop. The price drop happened before the war and then the inflation, the crisis...I think without these events we wouldn't be able to expect a bull season to come to us anytime soon, we still have to go through the same 4-year cycle as in the past. I'm wondering if the end of the war and the economic recovery before 2024 mean that before the halving happens, bitcoin will rise and create a new ATH?