Post
Topic
Board Speculation
Re: Bitcoin 190K in 2024?
by
bettercrypto
on 05/04/2024, 13:53:55 UTC
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?

Well, honestly, the technical analysis that I have seen is that the price of bitcoin can range from 150k$ up to 200k$, but of course, since my plan is to sell at a price of 130k$,
I am happy with that, and once that is my plan, I will take profit from my target selling price.

That's okay with me; at least there's a profit somehow. I just want to play safe, and I don't want to regret what I did.
It's better to learn to be content with what we do and receive from God.