Nobody bitcoin price prediction has work this season, I told my friends early January that this year will still be difficult for bitcoin to rise since they're still blocks on digestive and ingestive policies of government, why bitcoin should not stay by government. But they argued me to a fault but I knew bitcoin will not gets to $40k this year. The price will definitely rise but not at the moment. Do you predict the price to any level year?
$40k is very close, I think this year btc could pass $40k and we just have to wait to see it become a reality. Well, just like you, we always predict prices every year or every month because we are very interested in always discussing it every day or every hour. Indeed, sometimes it misses what we predicted, but know that bitcoin will be able to create new ATH and it will be very difficult to predict when this will happen.
Indeed there are some things that make bitcoin down be it fud from social media or negative things happen in the crypto market like the ftx collapse and terra luna crash but we hope that it doesn't happen again in the season to come.
prediction will be worthwhile if we will invest at the same time. if we do believe that sooner or later, the price will come up, why not stash some satoshis using spare money? so when such bullish time comes, you won't regret that you did nothing during those days where the price was down.
that's when people are having different approach on this market. anyone can speculate but not everyone are acting on their speculations. most of the time, all talks without action.
Of course we buy when we find the lowest point in our prediction because we are using the DCA strategy and it is profitable for us when the price goes down and simultaneously we can buy the dips that happen. Well, in theory this can be done by every trader and they only need reserve assets in stable coins that they have to guard against when the price falls but that's not the case where when the price drops they are afraid to enter and that's a wasted opportunity. I support what you said where one of the factors is that talking without action is stale and there should be more mature preparation in dealing with the current market situation.