Quote from: bitgolden on May 04, 2023, 03:50:45 PM

Quote from: arwin100 on May 02, 2023, 11:23:19 AM

For people claiming that it would break at $100k price on this year maybe they need to consider first on how could bitcoin get demand on its current situation where many are still afraid about the bull trap might possible to happen. To many things need to consider so maybe it might happen when bull run came since most of the time we can see a great insights about possibly price to occur on that moment.

I think the demand will show itself when the price goes up as well. Price going up requires demand, but demand makes it go up in price at the same time, it's a cycle. So whenever there is a bit of demand, there will be more demand following that as well, it just keeps growing. This is why I honestly believe that we will go up a bit first, stay there for a while then keep growing bigger after that.

People who need a reason to buy bitcoin will have a reason which will be profiting, they will see others profiting from bitcoin and they will want to do the same thing. That's the good thing about bitcoin, it gives people ability to make profit easily with others together, and that will be good enough reason for people to buy and create demand for it.

And when the demand goes in the future, then we should look at it as something valuable for today. I mean yeah the price might be around $30k and could be very expensive for us, but if there is a huge demand in the future then definitely the price is going up, 6 figures and those who hold will be on the + side here.

One reason is obviously we wanted to get rich in the future and with that, it's very easy to just invest very early. Doesn't mean to buy in bulk and then that's it. If you don't have the money then DCA will do and invest what you can afford to lose. It could be tough for some because it takes at least or two to realized our profits but it's going to of value in the future.