Quote from: laijsica on Today at 08:43:49 AM

Quote from: tsaroz on March 24, 2024, 01:21:15 PM

A very important event is scheduled to happen this April. Around April 16 or 17. It's bitcoin halving again. i.e. number of bitcoin rewarded for mining a block would be halved. It meas half bitcoin reward for equal task for miner. That would also decrease the liquidity in bitcoin provided by the miners. The miners operate on small margin and many could go on loss if they sold their reward for current price so they won't be willing to sell it unless price moves up. Bitcoin in past have seen a good price boost after the halving. And many prediction models place the future price of bitcoin into 190K.
Is 190K too humble or very generous in your consideration? What's your price plans for selling your holdings?

Your prediction about the price of bitcoin seems a bit over-exaggerated but everyone should be optimistic. However, this is not unusual in the context of bitcoin. For investors, forecasting seems showing a rosy outlook. We strongly expect this price to hit by 2027 in my opinion. So it is not right to sell it negligently. Recently it seems like every day is a dip day for the price of bitcoin. So rushing to sell bitcoins could be throwing your profits down the drain. so today.... "Buy the dip and hold".

speaking historically bitcoin price rally has always caught people off guard back then when bitcoin first release i'm sure that people don't imagine this coin gonna reach price of $1000 but see what we are now, i'm sure $190k is still within realistic range, but maybe your statement about it gonna be reached when 2027 also holds truth, after all we just can't really predict how bitcoin price gonna behave, but overall right now we are not even halving yet already reaching more than $70k which already beyond previous all time high, you can imagine if somehow the prices double like before, then its gonna be easy $140k and that looks promising enough to further amplified by the introduction of various altcoin ETF that might also help increase demand for it, we all know the ETF is a huge success and such price mark is possible.

regardless though being an investors also requires realistic quality of an investor so of course its no good being overly pessimistic since that might cause us to miss selling opportunity but i still believe that
the price mark of $100k that people are setting, or at least dreaming of, might be a bit too pessimistic, bitcoin could do more than that.