It seems our hopes to see $100k needs to be waits for more as the market is going down. We don't know how long this correction will stay in the market but we have a good chance to buy more amount at a lower price. This situation makes us to have more patience in waiting for the market to be back increase.
But don't panic when we seeing the market still going down for more because that will be temporary and it will increase. Hopefully, we will have other good time in the next week so the price can increases back.
The is that people doesn't understand that increment of price of bitcoin doesn't take effect just like that but I know that what skyrocket the price of bitcoin is when the demand is higher the supply and the price of bitcoin will go up.
demand plays a part in Bitcoins price increase but it's not necessarily that it's when demand exceed supply that Bitcoin price skyrocket since the supply of Bitcoin is actually fixed. Just like in every other sector, the higher the demand for Bitcoin leads to the increase in the price of Bitcoin which is more like the higher the numbers of buyers and HODLers, it goes on to affect Bitcoin price positively while the more people sell thier Bitcoin, it affect the market negatively. It's just a simple economic principles that works hand in hand with news and other market conditions to determine the price movement of Bitcoin.
People who is lamenting of the price of bitcoin will get to one hundred thousand [100k] so I know that the price of bitcoin is constant or stable, so base on that note we don't need to think otherwise towards bitcoin price going up and down.
seems you're mistaking
The amount of Bitcoin in circulation and
the price of Bitcoin as the same thing. What's fixed is the amount of Bitcoin in circulation and not Bitcoin price. Bitcoin being volatile in price with Bitcoin having a fixed amount in circulation doesn't mean the same thing. For the fixed amount of Bitcoin in circulation, it means that the totally amount of Bitcoin that can be bought or mined by everybody in the Bitcoin ecosystem is just fixed and can't be exceeded while if you're talking about the price of Bitcoin which is volatile, you're considering that with respect to demand and some other factors that plays a role in Bitcoin price movement, Bitcoin is going upward which is what's evident to all and that it has also witness some level of correction and will still experience it in times to come. It's just the nature of the fact that Bitcoin is volatile.
Before now we should have known that the market determine the price of bitcoin and sometimes bitcoin price can fall unexpectedly and can also rise unexpectedly due to the market rotation or determinate, so we don't need to bother for the prediction of Bitcoin, because sometimes the prediction can fail drastically.
what makes up the market is people's action and decisions and these are all subject to speculation. The market don't just function independent of what people can predict and that's why people makes speculation with a sense of assuredness in most cases. Before Bitcoin fails, I feel it's not mainly an unexplainable event but every upward or downward movement of the price of Bitcoin can easily be traced to some real variables that are responsible for it. The main reason why it shouldn't be of serious concern to buyers about Bitcoin price movement is that it favours you more when you're better prepared during the time Bitcoin price is low and you can buy more Bitcoin at that price rather than waiting for the price to shoot up when you've not bought enough Bitcoin.