Post
Topic
Board Speculation
Merits 3 from 2 users
Re: Road to 100k?
by
Jewan420
on 09/09/2024, 11:42:27 UTC
⭐ Merited by Ricardo11 (2) ,JayJuanGee (1)
The way Bitcoin price is going down every week is seems we might be getting back to amount of $40-35k if care is not taken because from all indication the market price hasn't been productive and we can't say it will get back to that amount we have all been expecting like the $70k and I have been hoping to see Bitcoin price hit $70k since the last time it got to that amount. For now Bitcoin price is $54k and the week have just started but I can't say it will get to anything close to $60k before the week runs out and this month can't get to anything close to $60k.

Although I never worry about the price of Bitcoin. But after seeing your quote I have to mention some things. I can see the negative thoughts in your mind as a result of the bitcoin price review. My advice for you would be don't review prices. Let Bitcoin be Bitcoin, keep investing like you are.

You may have heard a saying many times, tigers wait silently for the right time to hunt and move backwards before hunting. If one sees the method of hunting a tiger, he may think that the tiger has calmed down, which is completely wrong. To do something big, the tiger observes some silence. Silence in real life doesn't mean it's over, but you think he's planning something big. I am not calling Bitcoin a tiger, but looking at the past record of Bitcoin price shows that the movement of Bitcoin is quite like a tiger. When Bitcoin loses a large amount of value it does not mean that Bitcoin is going to the end, but rather think that Bitcoin is preparing for a big movement. Maybe something will happen that you didn't even expect.

So I'm not at all afraid of Bitcoin losing value. I see no reason to fear even you. It would be better for you not to review the price. Always remember, moving backwards is not a failure, but rather a preparation for something big to happen. Bitcoin will recover more than the amount it loses in value. For example you can see the previous price of Bullran in 2021. Bitcoin made an ATH of $68k in 2021 while the price dropped to $3k before Bullran in 2020. That is, after the Bitcoin price fell to $3,850 in 2020, it advanced to $68,789 during Bullran in 2021. We may see such a movement in 2025 Bullran. where more x will increase the price.