Quote from: Oasisman on July 28, 2023, 05:13:26 AM

Quote from: Trust M.C 100 on June 22, 2023, 03:09:51 PM

Hopefully during the Bitcoin Halving of 2024, Bitcoin will break all previous records and reach a peak price.

What is your opinion on this?

Though bitcoin has showed us it's potential in a long term perspective, but you should not put all your hopes in setting such a short timeframe. I know it's the bitcoin halving that your thinking of, like everybody is anticipating, but there is no guarantee if it can hit the 6 digit figure or even hit your own target. Nobody knows it, so you should make yourself a little more confident longer than 2024, there's more to come for sure, it's just a matter of time if you're looking to have financial breakthrough. Afterall, we're just merely speculating here but with a good reference from bitcoin's past prices. So far it's been appreciating and that's what makes everyone in crypto space confident in the next 5-10 years or so.

I agree with what you said, it seems that people are putting too much emphasis on and putting all their faith in 2024. This is not true if not they are wrong because when it comes to the future we can't be sure of anything, and everything is just a guess and we don't have any proof for our guess. It would be a serious mistake to be too subjective about our predictions.

Historically, we might believe that the halving was the catalyst that helped bitcoin generate a new ATH but it is not the only factor that gave us a bull market. Remember that bitcoin has never experienced a sick economy like it does today, and the market is also a part of the economy. So it will depend a lot on the economic situation, not halving is all we need.
Not only bitcoin, but with any investment, long term investment should always be our vision.