Quote from: Gallar on October 09, 2024, 02:20:07 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, but it is also good to have some understanding about some of the characteristics and factors that leads to it's price movements as it will help to evaluate if the price will likely go upwards or downwards in the future. Speculations are not just mere guesses as it may seem but combination of both present and past price performances which even if it is not accurate in the future but it can be close to being accurate and this speculations are also what gives investors hopes and confidence about their investment.

Any bitcoin investor, no one knows for sure what the price of bitcoin will be in the future. Because bitcoin is an asset that will certainly continue to experience price changes every second, hour, day, even year. Therefore, all bitcoin investors can only predict the price of bitcoin. Predictions are sometimes right and sometimes wrong. However, fortunately bitcoin has a clear cycle every 4 years (Halving), so with this it becomes easier for us to predict bitcoin price movements. Because as we know, bitcoin price patterns are almost the same in every cycle. I think this is more than enough to predict bitcoin price movements. Because in essence we don't actually need to worry too much about the price of bitcoin, because in each cycle bitcoin always passes the price it touched in the previous cycle. So basically the price of bitcoin will continue to increase (if there is no chaos or major problems in the world). Therefore, it is better for us to just focus on doing DCA and not think too deeply about price predictions. Because as I said, the situation in this world is safe, Bitcoin will definitely continue to experience price increases. Because I see that now many people are starting to get to know Bitcoin and are starting to invest in it. Because the advantages of Bitcoin have now been noticed by many people, and these people are aware of this.

From the area i highlighted, Bitcoin's cycle is not a prerequisite that the price will be certain to skyrocket after every halving, the reasons why the price have been experiencing rise is just because of some positive news and the involvement of new investors in recent years and it's awareness has gone vast unlike when few people were just involved in holding bitcoins. From news and the activities of the whales and the United States Spot bitcoin ETFs, the price of bitcoin is likely to gain more strength because those big investors and the Spot bitcoin ETFs plays major role in the determination of what the price of bitcoin would likely be. Making speculations about the price of bitcoin is good but let it not be some kind of random speculations but instead before making speculations let it be that you have done some researches and background checks to know if there are likely changes that would make the price to rise or fall in the future.