Quote from: Webetcoins on August 09, 2024, 12:46:52 PM

Quote from: Yaunfitda on August 08, 2024, 02:19:25 AM

Election is still in November, so anything can happen. But it's not an assurance, or at least we didn't see the price maintained that level as we have been dragged and go to $50k. The good news is that we have recovered to $57k, and I do agree that every dip should be taken as a opportunity to buy more. So good for those who have bought already and for sure they are looking at their portfolio, full as we might have to go and try to reach $60k'ish again.

When we say the phrase 'anything can happen' I think there is no time frame for it but things can come even in an instant or later than the dates that we are expecting. I won't only say that there is no assurance, as that sounds that there is no possibility for that thing to happen anymore.

BTC is a volatile crypto, so there is no way that it can maintain a value, especially for a long period of time and it's easy for the price to go down than for them to go up because people are here for the profit and it can mostly be achieved if we are going to sell our possessions. We are still at the recovery phase and those who kept looking at their portfolio sounds so excited. I think they should minimized that. They better treat things easily and smoothly only because this is the ones that can make them to HODL longer and makes them to earn a bunch of profits.

Quote from: Yaunfitda on August 08, 2024, 02:19:25 AM

although we might have to agree that Trump has been using Bitcoin in his favor and then we have a good spike in the price, reaching as high as $70k

What we see is what we get, so even if we disagree with this, things are already there happening but this is something that we can't say bad because like you said there, we are still benefiting with the positive effects that it gives to BTC. Anyways, $70k is still a normal price point for those who are not new in this market. I am still expecting that another rise can happen and it must be a strong one especially when the Election is already over and Trump finally won the battle.

Of course, as I have said, Bitcoin is very volatile, unpredictable, although others thought that they can predict it because they have this tools called technical analysis. But for the majority of us who don't use TA at all, very hard to predict and so we can only say that "anything can happen", meaning it is unknown but there is a big possibility that in the future we might see the price to go up.

We are in the bull run already, $70k could just be a entry point as we have seen that before and we even have a new all time high prior to the halving. But with halving itself being viewed as the catalyst for a bull run, yeah, we might see another rise to even 6 digits in the last quarter of the year or at least when we see who is going to win in the US election.