Quote from: Abiky on Today at 01:43:01 AM

Quote from: DeathAngel on October 28, 2022, 07:46:22 PM

Feels like a very long time ago the price was in the $60,000s. Its going to take 2 years or so but we will hit a new ath & go far higher than the current ath.

Only the strongest hands can handle the volatility of bitcoin & the long, bleak bear markets we have to endure.

Stay patient & stack sats.

I really hope so. Bitcoin's been often proclaimed as the new "safe-haven" asset in times of crisis, but what I've seen is all of the contrary. I know BTC is for the long-term, but most people are really looking into short-term results. Something that could protect them at a time when there's global uncertainty just like Gold. The latter hasn't experienced a large decline in price, unlike Bitcoin. I guess people still trust Gold more than they would trust Bitcoin. I don't blame them since Bitcoin is still relatively new to the world. Gold has been around for centuries, while Bitcoin is only 13 years old.

Bitcoin really became a safe haven especially in these times when there were too many uncertainty that comes in the market. Projects collapsing, exchanges filing bankruptcy. While for bitcoin, we'll unlikely going to see it come. So while those investments are into different projects that have been trusted by investors, they don't want to get on bitcoin because of mere reasons that they're justifying as an expensive asset. Well, they don't want it so they experience a more expensive lesson. Those that are in the short term will realize how easy it is to just go long term with bitcoin and be patient because it's all worth of the risk they're taking. And for the gold investors, it's okay, respect to the older ones but they'll soon realize that they have to hold bitcoin too.

Quote from: Abiky on Today at 01:43:01 AM

I think BTC needs more time to mature for it to become a reliable store of value. Maybe 2024 will take us all by surprise with BTC crossing its latest ATH of over $60k per coin? Just my opinion

2024 and so on is likely going to come again by storm. And many will be encouraged again and will this market but will dislike it once the bear market occurs again, the typical cycle we get.

Quote from: RAppleby on Today at 02:54:39 AM

Here's a look at the one-year chart. Buying Bitcoin now can the price rise tenfold by this time next year? When the unit of the chart is year, it can indeed be seen simply and clearly that there has been a substantial rise or fall. But the daily changes are small, and we may not be able to make the right choice. So making the right choice at the right time is extremely important.

If we look at the daily changes, they're really unrecognizable because they're small. But you see how far it can go with all of those changes that we see for bitcoin's price. And with a span of a year, too many things can really happen and done.