Post
Topic
Board Economics
Re: if you think 18k btc is low wait until autumn ...
by
poodle63
on 26/11/2023, 00:48:58 UTC
if you think 18k btc is low wait until autumn ...

I think it will reach 500-1000 USD max as you can't use to sell stuff and big whales already moved their money ...

In 2019 btc was already 9000-10000 USD , do to pandemic people invested a lot  in btc.
We have seen the price of Bitcoin drop to around $15,000 at one point. Even a few months ago Bitcoin price was in dire straits many investors thought it could go further down but it turned out to be quite the opposite. Currently we can definitely see by looking at the position of Bitcoin that maybe Bitcoin will not go to that position but now it is time to go higher in the market. Now that Bitcoin is close to $35k we see no reason to come to $18000 now and won't come here. The price of Bitcoin may have dropped a lot during the autumn, but now the market is pumping well. But I think Bitcoiners will not have to see this bearish market again as we have good things ahead.
we will never see bitcoin at $15k again in the future, because it has been repeatedly done by bitcoin that it will never reach the all time low again after reaching another all time high and the bottom price of bitcoin even after bearish will be around $30K i think and thats already good enough price for bitcoin in my opinion even though thats just speculation but its proven that after every halving bitcoin price always increase, its as if the halving is the sign that bitcoin will become more scarcier therefore its always good to accumulate.
autumn just started and nothing of significance happening towards bitcoin I guess this prediction is irrelevant now.