Quote from: Popkon6 on January 09, 2024, 11:46:37 PM

Quote from: Justbillywitt on January 09, 2024, 11:22:21 PM

Quote from: Agbamoni on January 09, 2024, 10:20:12 PM

Quote from: JayJuanGee on January 09, 2024, 09:57:28 PM

Quote from: Obim34 on January 09, 2024, 09:23:31 PM

Quote from: JayJuanGee on January 09, 2024, 06:36:02 PM

Even though there is some inflation adjusted truth to what Greyhats is saying, I personally don't get that excited by those kinds of inflation adjusted assessments that suggest that we have to move the ATH even higher in order to "really have an ATH." But then again, I tend to not really want to get too maniacally focused on tops anyhow, because if we are in bitcoin for the long term, sure we can start to shave off some of our BTC profits at various top prices, but if we are largely holding the vast majority of our BTC, then the value of our holdings will continue to go up with the passage of time, especially if we consider something like the 200-week moving average, which has never failed to go u, even if it has periods of time in which it is going up faster or slower, yet even now it is over $30k.

Around 2017 the price of Bitcoin was around the $19k range, getting to 2021 just after the Bitcoin halving that happened 2020 the price hits the $64k mark and extended further in November of same 2021 making Bitcoin highest All Time High of $69K, I think there is every tendency of surpassing the $100k price not even including the latest ETF UPDATES circulating, won't stage on that cause it's not yet decided

Well, if you want to go down memory lane in regards to BTC spot prices, it seems equally valid to me to go down the road of the 200-week moving average. This is what the 200-week moving average looks like, every two years.**

In late 2015 it was: $252

In late 2017 it was: $1,049

In late 2019 it was: $4,908

In late 2021 it was: $17,839

In late 2023 it was: $29,049

**Note: you can see more years for 200-week moving average on a every six month's basis here.

Even though you can also compare spot price to the 200-week moving average (and most times spot price is above the 200-week moving average, except most recently between about mid 2022 until October 2023, we spent a lot of time below the 200-week moving average), I personally believe the 200-week moving average is a much better way to evaluate the value of your bitcoins.

Are you serious. I just confirmed and it is absolutely through JJG. Does it mean Bitcoin follows a certain pattern at some intervals? And if we are to jump into buying or selling whenever we come across these patterns, is it the right to do?

I think these patterns are caused by traders activities in the market. If Bitcoin has a particular patterns it follows at a certain intervals or time, then Bitcoin price can be predicted correctly.

Whether the price of Bitcoin is high or low, if you continue to invest for the long term, then you must invest regularly. You just bought the number/digits of bitcoins, the value of these bitcoins will be the highest in the future. That's why investing in DCA method is most preferred because if you buy bitcoin at higher price or current price at $46k, and in the past you bought bitcoin at $34k ratio following two to three months past price. If you calculate the average ratio of your bitcoin purchase in these two ratios, your bitcoin purchase will definitely be less. Investing bitcoins in this way will definitely allow you to follow the right level of DCA method.

I agree with you that the values of bitcoin been purchased by an investment will increase in the future but the price is what we don't know, the thing is that looking at bitcoin price today and remembering it's price two years back a good investor should be encouraged to buy, bitcoin is not doing bad when it come it's value and price, an investment that rises from $42k to $45k on last two weeks Sunday, and till this moment it continues to hover around and today it is 46k if any short-term investor had taken the courage I think they would have made a good profit though this depends on their input.

Some people are just watching this events unfolding without making any move, buy now no matter the amount, doing it without stopping will help you because with the recent happening bitcoin is making a good move and I know that no one will want to be left behind.