Quote from: taufik123 on November 10, 2023, 12:00:01 PM

Quote from: posi on November 10, 2023, 09:19:54 AM

-snip-
Just because bitcoin can go from $0.01 to $69k, they think bitcoin will be able to do it again easily and that going to $1 million is very easy. But they forgot to look at the market capitalization of bitcoin and that is why in recent years bitcoin no longer brings x100, x1000 profits like before, the profits that bitcoin brings are only x5, x10, and this number will get smaller and smaller as bitcoin gets bigger and bigger.

It's actually not easy, Bitcoin can reach an ATH of $69k, but there are many obstacles and even pros and cons.
It has been 14 years since Bitcoin was present which was initially only underestimated and considered useless digital money, no one even accepted Bitcoin.

But in the end, everything changed and gradually Bitcoin began to be accepted and the price began to soar until now, of course, it was a difficult road for Bitcoin.

About making x100, x1000 or even reaching $1 million is just a speculation that might be quite crazy for now.
x5 or x10 is already a pretty extraordinary increase, people who are still lacking with the increase are indeed too greedy.

Quote from: posi on November 10, 2023, 09:19:54 AM

Of course, anyone wants bitcoin to cost $1 million but we need to be realistic and it won't happen soon and it won't be easy. Even the goal of 100k USD that we have cherished for so long, but bitcoin still cannot be achieved, thinking about further goals is really too delusional.

Just need to wait and be patient on Bitcoin's journey.
See how past history has made bitcoin stronger until now.

The $100k goal is still quite reasonable and will certainly be achieved, but it takes time.
Nothing runs instantly, everything needs a process.

To be honest, I also expect and hope bitcoin will reach 1 million USD because it will bring huge profits to me and I will even become rich. But we need to be realistic and need to set goals in stages, we need to reach the $100k target before we can think about a higher ATH. We cannot set too high expectations thinking that bitcoin will increase from 30k$ to 1 million USD, that is an unacceptable illusion. It took Bitcoin 14 years to reach $69k, so we need to give bitcoin more time if we want bitcoin to reach $1 million. But many people are too stubborn and too greedy to set that goal in a short time.