Quote from: Marvelockg on Today at 09:18:37 AM

And even if we get to $150 this month, does that make any difference to most of us that haven't gathered a lot of Bitcoin at this team that it's still bearish with respect to it future value? The best thing to do is to buy as much Bitcoin as we can buy now in anticipation of whatever bull that's coming.

Exactly.

Relative newbies within their first cycle of accumulating bitcoin may well might not have had accumulated a lot of BTC in such time, and so there should be almost no need for newbies to want the bitcoin price to go up while they are still trying to build their stash - except for the feeling of validation that comes from the BTC price going up quickly.

On the other hand, once a newbie has accumulated a decent stash (which s/he might not even know how much is a "decent" stash), then it becomes more reasonable for that newbie to be wanting BTC prices to go up.

There also might be some point in which a newbie is somewhat neutral to either way.. s/he has a decently sized stack, but at the same time s/he is continuing to accumulate bitcoin, so there begins to develop a bit of emotional and financial neutrality during later stages of BTC accumulation.

There are some folks who claim that they will never stop accumulating bitcoin, yet that might be a bit of a premature assessment, since at some point, it may well start to feel that a person has enough or more than enough BTC. Of course, some folks are motivated by more than financial and emotional comfort, but instead about a kind of competition to want to become bigger and more powerful than other people - through the amount of wealth that they accumulate.. so those never satisified kinds of ideas seem to be more personal power struggles rather than considering more basics of financial self-sovereignty that likely comes at way lower and more practical levels of wealth accumulation.

Quote from: Bravut on Today at 03:03:07 PM

Quote from: Kliss on Today at 12:14:42 PM

Quote from: FinePoine0 on June 12, 2024, 11:58:06 PM

It is certainly possible for Bitcoin to hit $100k, as Bitcoin prices have touched a high of $73.6k from lows in the past. Since the bull market of 2021 was the peak target, the possibility of more bitcoin price increases this year is very high, which is why every investor increases the maximum investment. So there is a high probability that the price of Bitcoin will at least reach 150k this year.

Your analysis is insightful indeed, Bitcoin's past performance suggests that a price surge to $100k or even $150k is possible. Bitcoin's history shows significant price increases, and the current market sentiment and investor enthusiasm could drive prices higher. The current momentum could push prices further. Many investors are optimistic with the current momentum and optimism surrounding Bitcoin, continuing to accumulate Bitcoin regularly can potentially lead to significant gains if the price surges. By sticking to a long-term strategy and avoiding emotional decisions based on short-term market fluctuations, investors can benefit from the power of bitcoin.

Sincerely I feel we push or anticipate more than normal, it would not be surprising to me to see Bitcoin keep ranging or drops below $60k, my only anticipation is Bitcoin creating a new ATH, if that does not happen then there is no need expecting Bitcoin price gets to $150k. We should not let our expectations consume us, it would take time, if Bitcoin rallies that much I expect a massive drop because it cannot hold.

You are correct that BTC prices may ore may not get to $150k in the short-to-medium term, but at the same time, BTC prices may not drop (or even have a massive drop, even if you expect such a thing to have to happen... a massive drop does not have to happen, and it does not have to happen from a mere reaching of $150k-ish which merely around a doubling of the BTC price from the ATH or around 2.25x from our current prices.

Sure, no problem attempting to prepare ones-self financially and psychologically for either price direction and a lot of potential BTC price moves, yet such preparations also do not necessarily mean that it would be wise to attempt to trade on such possible price moves.. while at the same time, any bitcoin newbie or bitcoin accumulator is likely in a better place to have some kind of plan regarding how s/he is going to deal with any future BTC price moves, even potentially extreme ones and even BTC price moves that are somewhat outside of expectations.