Post
Topic
Board Speculation
Merits 2 from 1 user
Re: Elon Musk says the price of BTC will rise
by
fadhilz123
on 02/01/2023, 12:17:10 UTC
⭐ Merited by fillippone (2)
So remember what happened in 2020 when the market crashed, many crypto influencers guessed that Bitcoin would reach 20k, only reached 30k, Bitcoin pumped again to 69k, and at the end of 2022 many crypto influencers predicted Bincoin to 100k, instead it went down to 15k 😅
Price predictions are not 100% accurate for Bitcoin because the price movement of Bitcoin is not in words alone, but it is very influential on the actions of investors and traders in the market. I personally am only optimistic about Bitcoin which still has the possibility to increase again because now there are so many people who believe in Bitcoin and they will definitely buy it with their own abilities.

Quote
I also believe in bitcoin's four-year cycle, now is the time to enter for DCA, at most it will bring down another 10-15% rather than miss the moment and wait for that moment to come.
The four year cycle is pretty obvious for all to see, but if that cycle doesn't repeat itself for Bitcoin then you shouldn't be disappointed with Bitcoin because any increase in price is either through the huge number of buyers in the market for Bitcoin or by another term is an increase in the volume of purchases of Bitcoin in the market.