Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Road to 100k?
by
Taskford
on 07/09/2024, 12:37:54 UTC
⭐ Merited by JayJuanGee (1)

You seem quite unrealistic if you consider that $15k to $20k to possibly be in bitcoin's cards, and it may well be the case that BTC prices in the $30ks or even $40ks or even sub $55k will never be seen again.
I don't know why I am this surprised seeing our post above, but first, I am happy that the market has proven you wrong already by hitting $55,000 this week, we should be realistic with the market's development and not our beliefs alone, the market is supreme regardless of our idea. I will continue to tell this to every investor, not only in cryptocurrency.

Regarding what you actually replied to, let me assure you misquoted me, I never mentioned emphatically that Bitcoin is going lower to $15000-$20,000, read it again. I only assumed the levels would be reasonable for investors if Bitcoin reached there. It was just an example.

You're right, Bitcoin going lower than 20 to $15k would be a very good entry for all investors, but I doubt if Bitcoin would drop to that point or even go below $40k mark my speculation are that it could drop further to $50k by nextweek but that's just a mere speculation and not something people who come across my statement should ponder more on, the wish of investors especially those who are yet to accumulate more or about to start building their portfolio is that Bitcoin should go below this mark and give them a better entry but then like you've said, the market is supreme and since it's not controlled by any organisation or the government investors shouldn't hope on mere speculations, belief or even wishes and flow with the market. Currently the market have even gone below $55k and is struggling at $54k it could either drop more or rise above $55k let's see how it goes.

But that $20k to $15k would really came? I doubt it will happen since this is so deep to reach by bitcoin price fall. It needs big issues before it happen but I also think there's no possibilities for now that it will came. Although that's good entry point for people who wish to start their bitcoin investment but until when they wait? For sure it will take long time for them before they could enter or worse they could not able to start since the situation they are waiting for didn't happen. So people should forget that scenario and if they are eager to start their bitcoin investment then they should start now. There might be a chance that bitcoin would drop to $40k figure but there's still less chance for that to happen, although everything might change but let still hope for the best.

Current figure is also good to start with since we are now experiencing a price dump and there's huge chance that price recovery will happen soon. But let see what will follow on the current movement gotten by bitcoin and will acquire some since I still have funds left to spend.