Quote from: TravelMug on July 13, 2023, 10:47:01 AM

Quote from: Nrcewker on July 08, 2023, 01:13:26 PM

Definitely, the price will completely depend on how Bitcoins perform this year. If Bitcoins manage to cross 50k by the end of this year, then there is a high probability that we will see 100k USD touched by bitcoins. But everything depends on the demand for Bitcoins. If the demand to acquire Bitcoins increases with time, then achieving a 50k USD price for Bitcoins will be very easy. On the other hand, if demand falls and some bad events occur, like the recent SEC lawsuit, then the price will definitely go down. So let’s hope for the best.

Regardless if we are going to cross $50k or not, I think it will be very bullish next year right after the halving. So for me, we will see a huge pump (sorry for using this word as bitcoin maximalist doesn't used it), but that's how I'm seeing the future.

Maybe in the next run, $120k minimum will be achieved. Or if we really very bullish with all the Bitcoin Spot ETF approval, then it going to be huge that we can only imagine what the price will be.

That's the point of view and that's how we should approach it. We know that it will go up, so we are arguing about how much it will go up, and that's not a good approach at all. I believe that it will go up and that's more than enough for me. I know that people are reacting to this as a different approach and they think that it's going to be different but the reality is that as long as it goes up that's good enough for us.

We should consider this as a good way of making a profit, and if we can make a profit with it then we should be happy. If it goes to 40k then it's a profit, to 50k? profit. To 60k? Still profit, and anything more would be a profit as well. So if we are talking about just how much, then we should definitely buy and hold.