Post
Topic
Board Speculation
Re: Road to 100k?
by
bitzizzix
on 11/04/2024, 01:23:24 UTC
We have just witnessed the price of bitcoin hit a historic high of $73k, especially as we are about to enter the bitcoin halving period. Of course, your expectations are reasonable if you look at the history of the previous half. Even if there is a decline of %8 or %10, it is a healthy decline on the way to a higher increase.

so I think anything is possible for Bitcoin after the halving, I wouldn't be surprised if it hit 100k by the end of the year, and I wouldn't be surprised if bitcoin hit 150k. What is clear is that forecasting the short term is not a good idea. If you invest in Bitcoin, especially in large amounts, then you need to think about long-term investments, and you should buy as much as possible every dip because investing in Bitcoin is a plan for the future, not weekly, let alone daily.
Everyone probably won't be surprised if after the halving Bitcoin can immediately increase to reach $100K or more, because what happened before the halving was also beyond many people's expectations. So there are some people who are a little surprised when they see the ATH before the halving, which is new history for Bitcoin holders and now the time to see the halving is also not far away. So we all need to have a lot of patience to see more meaningful surprises in Bitcoin because if the goal is for the long term, of course it won't be so affected by the current price.
Yes, halving is an important thing for all investors, and anyone who is involved in bitcoin definitely knows about halving and this is also the moment that everyone or investors have been waiting for. And the Bitcoin halving has become a protocol that cannot be changed unless the community consensus wants to change it, until whenever the halving will continue to occur according to the existing protocol once every 4 years.
And the current movement of Bitcoin is very different apart from the approval of the ETF which allows the price of Bitcoin to exceed the previous highest price, and after halving the price of Bitcoin will of course increase even higher than the ATH that just occurred. And most people predict that after the halving, the price of Bitcoin will reach $100k or more, so this ride is still the best option to continue accumulating more Bitcoin and hold it for the long term or reach the price that most people and experts say.