Quote from: LUCKMCFLY on Today at 03:07:31 AM

Quote from: Ever-young on September 19, 2024, 05:20:31 PM

That's, by the way, price is just a number, and we can see more of it in times to come, or we can also still see the price go down below what we are seeing right now. On the aspect of reaching $80k in the coming months, it's possible, but who cares if it doesn't reach the predicted $80-$100k this year? As long as we still have more fruitful years to come, there is every possibility that those profits we hope to see from bitcoin will be achieved as long as the person keeps on hodling.

Well, that's the most prosperous way of seeing things, in the Bitcoin market a price indicates what demand and supply have for a period of time, but what matters is that it prevails over time, to be honest I see that BTC for about 5 more years could be touched $800k if there are no fundamentals that negatively affect the bitcoin market, because we must not forget that bitcoin has many enemies, there are enemies in the governments themselves, so if everything goes well from now until 2029-2030 I see the price in that range, not that it is very positive , but we must see that the btc trend points there.

absolutely. Bitcoin is getting more solid by the day and though the effect of the buys and sells and the various policies we've seen that's against Bitcoin has been there, Bitcoin is still prevailing and conquering them all.

Even though $800k in the next 5 years looks ambitious, it's not something that's impossible to happen looking at it from the eyes of the index we have now. If your accumilation plan is to make use of the DCA methord, you certainly have the opportunity of witnessing the gradual growth from pre $100k point we've been at for a while now to the post $100k up to whatever price it might get to in the future. Like @ever-young said, price is just a number, in the long run, it doesn't really matter if Bitcoin meets our expectation as at the time we want it to. What really matters is that we've got more fruitful years ahead of us and that's enough encouragement to keep buying because you're some how certain you won't be in loss. Expecting the Bitcoin price to get to certain range so you would be at a good profit is not a bad thought but it's best to do so without being overly ambitious of the numbers we're expecting to see at a short interval of time.