Post
Topic
Board Speculation
Re: Can Bitcoin reach 100k USD in 2024?
by
Mame89
on 11/10/2024, 19:14:49 UTC
Bitcoin price isn't about goals, it's about holding bitcoins.  Because the more bitcoins you hold, the more you can profit in the future.  Every person is currently investing in bitcoins, and they are patient because after few months the price of bitcoins will increase to the maximum.  So now is the perfect time to invest in Bitcoin, as the highest returns can be found in the only investment.
On what grounds do you start to imagine that the price of Bitcoin can increase after a few months? Because if you only invest in a few months, you can immediately get such maximum profit through Bitcoin, of course everyone in the world will do that every year because they only have to be patient for a few months to see the profit through the investment they are running. So I started asking you on what basis Bitcoin can increase in a few months after we invest, while in its own cycle as has happened before, Bitcoin experiences a bullrun every four years, not every few months. So what you said is actually a bit confusing even though in essence what you said is good because it can encourage Bitcoin investors themselves.
I'm trying to understand what he means, maybe he's saying bitcoin will go up in a few months because we've passed the Halving period or the cycle you mentioned. It should also be understood that after we've passed the Halving season, bitcoin has not peaked and it's natural that many predict bitcoin will peak after a few months after the halving occurs, this also happened in previous halvings.

But what is clear is that predictions are not always one hundred percent accurate, even though the pattern is the same, the time will not be the same. Considering that this year the global economy is being hit by uncertainty due to war, coupled with the US election, it seems very difficult for bitcoin to reach $100k this year, maybe next year. This is just my assumption, everyone is free to speculate on the price of bitcoin, but what is certain is that we are getting closer to a bull run, so buying and holding bitcoin is a wise choice at this time.