Post
Topic
Board Speculation
Re: Bitcoin 190K in 2024?
by
Dump3er
on 10/05/2024, 17:41:29 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?

Every time I read a post or an interview or see a video where someone presents a prediction, whether based on a model or just opinion, I think it makes the person no more trustworthy because they choose something very specific like "190K". I mean what's the point of not saying 200K and there you go it, that's what I believe. Instead, I mean 190K is at least an integer... There is one level below that and that's the people who say "I believe in 7.5 months from now BTC will be at 190,075.43 dollars".

If BTC had been following very clear models or some model that somebody has secretly at home, there is no reason for that person to give a model away that has so much predictive value.