Quote from: yohananaomi on Today at 08:47:46 AM

Quote from: Joshapat on July 15, 2023, 02:05:37 PM

There are many predictions that make us happy about the future of bitcoin, when there is no big scam case then I'm optimistic that bitcoin will slowly recover, even though currently it's still around $30k but I'm sure the end of the year can reach at least $50k so when the halving day occurs it will it's easy to reach $100k.

it seems that the movement of bitcoin for these months will be corrected and increase when entering the end of the year, in order to prepare for when it will enter the era of the halving period. with the current price in the $30K range, there will be a correction that will not drop below $20K and then increase again until the end of the year in the $40K-$50K range. so that when entering the era of the halving period to reach $ 100K which is expected to occur in 2021 it will be fulfilled and a year later a renewable ATH will be formed.

When you wrote 2021 above? Were you referring to 2024? or another year? 2021 seems to be a mistake. At this point the halvening is expected to happen around April 2024-- and so the BTC price could go up before the halvening or it could go up after the halvening.. and of course, the BTC price might not go up at all, even though surely the halvening does create some pressures on the current supply issuance getting cut in half... so going from around 900 BTC per day to around 450 BTC per day.

In terms of your assertion about the current BTC price dynamics, why would you expect BTC prices to drop below $20k? that would be more than 25% below the current 200-week moving average (which is at about $27k) and it is moving up around $14 per day. Recall that our current low price of BTC for this cycle was $15,479, which was around 35% below the then 200-week moving average of $24k-ish.

Historically it has not been very common for the BTC price to go below the 200-week moving average or to linger below the 200-week moving average for very long.

Sure, there are no absolutes in bitcoin and past performance does not guarantee future performance, but still it seems to be quite wishful-thinking to be expecting BTC prices to go significantly below the 200-week moving average again.. beyond maybe some flash crashes that may or may not end up playing out.

In Bitcoin's history, we frequently have bitcoin bears and/or naysayers waiting for lower BTC prices that do not end up happening.. and some of those guys get reckted as fuck from their either failing to buy BTC and/or their failure to adequately/sufficiently prepare for UP.

Surely some innocent folks get caught up in such fantasy predictions by selling their BTC too.. but probably the more common failure that people can rationalize their missing out of the gains that end up happening, but they did not have many (or any) BTC (or enough) in order to really profit (or be advantaged) by what the BTC price ended up doing, which is going up.

Quote from: Crypt0Gore on Today at 10:05:58 AM

Quote from: chillaxe on May 06, 2023, 10:54:31 PM

I also think 60K is more realistic. But come on, that was already in 2021 as Dr.BitcoinStrange says.
This year should be more if everything is correct.

I like that you use the statement "should be more" ,how are we going to know that it will be more? Meaning this is all probability still, what will happen if you expect Bitcoin to reach 100k and it only reach like 80k? This is why it's good to start taking profits like when you keep DCA into Bitcoin, start talking profits over time so whatever happens you are going to be in good hands.

An investor with no profit taking plan in a bull market won't make any money even if they have keep accumulating Bitcoin throughout the bear market.

I don't have a problem with taking small profits, such as raking off 10% every time the BTC price goes up 100% - but still there are needs to be careful NOT to sell too many BTC, and also some people hold BTC for several cycles through the UPs and the downs, and those people have profited a lot - and frequently better than those who are fucking around by getting in and out of BTC and then not having as many BTC as they could have had or should have had if they had a strategy that more stringently focused on accumulation and HODL rather than fucking around with selling and expecting to buy back cheaper and it might not end up happening.

Quote from: bitterguy28 on Today at 10:41:31 AM

Quote from: chillaxe on May 06, 2023, 09:42:43 PM

65K Last year record price ever !

I think this year it might be full 100K Final bullrun for the coin.

your question or title is 2024 but you posted in 2023 , but indeed 100k in 2024 is not impossible to happen , we even reached 68k in 2021 why not after halving next year can make it double or even triple of the past ATH?

I am the one of those who trust this market that will bring me another chance to multiply my folio and with bitcoin in my account , there is no way that I will be losing that expectation .

Sure 2x or 3x or even 5x-20x seem within reasonable possibilities, and of course, the lower numbers would be more achievable than the higher numbers, even though the higher numbers are not out of the question... even though I do get more nervous to try to measure expectations of future BTC possibilities from top to top, because tops surely can end up being quite erratic - even though historical BTC price tops are valid measurement points, so we could measure from top to top and see that the top to top measurements are mostly going down with the passage of time, but they are not guaranteed to go down for every cycle.. and it is not even guaranteed that we would have a top that is higher than the previous top within a cycle or two, either, since bitcoin still is quite early in its adoption, and we have quite a few large holders of BTC - and maybe some of those larger BTC holders would end up selling some of their BTC if the BTC price goes high enough.. and surely there are BIGGER and BIGGER entrants coming into BTC (and even a variety of financialization tools that can affect the BTC price in either direction), while at the same time, more and more retail (meaning normies) is coming into BTC too.. so each of those new types of entrants contribute to upwards pressures on the BTC price.

So yeah, I am with you bitterguy28 - considering the top around $100k for the next run seems like quite a whimpy expectation level, and perhaps a lot of whimpy folks will be selling way too much of their BTC way too soon, and what else is new in bitcoinlandia?

We have a lot of bitter no coiners and low coiners in the bitcoin space who sold way too many of their BTC way too soon because they thought that they were the smartest guy in the room, and they might have been correct about their sale for a shorter period of time, until they no longer can buy back their BTC at the price that they sold it for.. Such a thing of selling way too many BTC too soon and failing/refusing to buy back has happened many times in bitcoin, and who knows whether it is going to happen in the same kinds of ways again, or not?

Quote from: naira on Today at 01:49:23 PM

Quote from: Joshapat on July 15, 2023, 02:05:37 PM

There are many predictions that make us happy about the future of bitcoin, when there is no big scam case then I'm optimistic that bitcoin will slowly recover, even though currently it's still around $30k but I'm sure the end of the year can reach at least $50k so when the halving day occurs it will it's easy to reach $100k.

Whatever the Halving target will be, I will always feel lucky because in it having a large-scale investment method, there will be various advantages which if put together it is clear that I am quite satisfied. So the problem is not how big the price of the upcoming halving is, but how ready we are for this momentum. If we just say this and that but the implementation doesn't start from now on we will only be spectators.

Yes.. exactly.. there are needs to act.. rather than just theorize, and if you act in such a way that is NOT very realistic (such as failing to actually buy BTC in a relatively aggressive way - in the event that you do not have many or any BTC), then you may well end up panicking and/or regretting at a later date... So there likely is a need to study bitcoin enough in order that you can figure out how aggressive that you are able to be without being too aggressive, because no one wants to end up fucking up on a historically great investment (such as bitcoin) because they failed to manage the level of their aggressiveness in a prudent and reasonable way.

Quote from: naira on Today at 01:49:23 PM

You believe in ATH Bitcoin, so even the smallest amount must have started a long time ago. Every 4 years while 2023 is the most perfect year for every investor who wants to invest in Bitcoin, both beginners and those who have been in the investment world for a long time. You've also heard about the DCA strategy a lot since I don't care how much Bitcoin is bought, because as long as I can still buy before ATH that's as long as the opportunity is wide open. Every cycle has its ups and downs, but after ATH we seem to be reborn to start investing more than before.

These are good points too... so yeah, if we have been in bitcoin for a while then we may well have been stacking sats for a while... but if we are newer to bitcoin, then it does seem like it would be a good time to get into BTC - even though no one really knows the future with any kind of level of certainty... so there is a kind of dynamic that they might well end up becoming more bullish about BTC later down the road, after the BTC price runs up for a while - which surely is not as good of a time to be buying bitcoin as now, but people will do what they can, and sometimes get emotional about their failure/refusal to get sufficiently aggressive earlier in the cycle.. such as now.. as compared to later down the road.