Quote from: GeorgeJohn on October 08, 2024, 11:17:24 PM

Quote from: Cryptoprincess101 on October 08, 2024, 09:55:01 PM

It is true that we can't know what the price of bitcoin will be in time coming but even though we are making speculations based on it's current price movements and it's price activity in the past, accurate and this speculations are also what gives investors hopes and confidence about their investment.

The price of bitcoin is unpredictable and that's why nobody can stand firmly to say that he or she knows what price of bitcoin will be in next month,
Anyone suggestions or speculations towards the price of bitcoin in next Month or two months that the price of bitcoin will be in a particular price, do not believe to the person seriously, because I know quite well that price of bitcoin is unpredictable and you don't need predict what you don't know about, because many users is found of that, predicting base on assumptions, to be sincere bitcoin price increases because of the level of demand, its obvious that demand or new investors like big companies that come in, in bitcoin, they're one that makes bitcoin investment to Skyrocket, its not based on month

it is the quest for profitability that is responsible for most of the speculation or Bitcoin price prediction you're seeing more frequently. Most investors are hoping that Bitcoin will get to $100k this year because they want to benefit from investing in Bitcoin and some of them even make the mistake of expecting Bitcoin to get so high even though they've never bought enough quantity of Bitcoin that would give them the expected profit.

What I believe we just need to know is that there are indices that suggests that Bitcoin will do well in the future. It might get to a certain price this year, next year or in two years time. As long as it's being consistent in going up in price, it's just good you have that at the back of your mind and continue buying without getting all bugged up by what's going to be the price of Bitcoin per year.

If your accumilation methord is through the use of the DCA methord, trying to know what the price of Bitcoin will be every now and then wouldn't even make you buy at a much lesser rate. You will still have to DCA at the set out time and since it's a long term accumilation plan, if you're able to do it long enough and Bitcoin gets to $200k possibly at the time you've reached your fuck you status, it will them make much sense that it's never a big deal with regards the range of price you bought Bitcoin at the moment.