The price of Bitcoin is uncertain, but we can roughly estimate that the price of Bitcoin will touch at least $80K to $90K this year. Because the number of Bitcoin holders is high this year and large institutions have massive Bitcoin holdings, and the large investment institutions and investors who have them will definitely see Bitcoin prices reach all-time highs in this bull market. So in 2024 we definitely expect to touch $100k to reach an all-time high, and by 2025 the price of Bitcoin is most likely to be limited between $150k and $170k. That's why holdings are so important this year, because bitcoin holdings are the only easiest way to become self-sufficient.
What do you base your estimate on for Bitcoin price to reach $80-90k this year? You cannot just rely on one factor that because there are many people holding bitcoins, the price of bitcoin will definitely increase in the near future. I agree that the value of an asset is determined by supply and demand, but we need more catalysts than that if we want bitcoin price to rise. We cannot expect bitcoin price to increase when the world economy is unstable due to war, inflation...and that is exactly what we are experiencing.
Bitcoin is unpredictable and it all depends on the impact of the economy. I know people are relying on the past to make predictions but I do not rule out the possibility that the historical scenario may change.
To me, it sounds like you Marvell1 are not really very well prepared for UP.. just in case..
That is your choice, and through the years, I have seen it over and over and over with folks proclaiming the top is in and the top is not going to be very much and blah blah blah.. Those guys too busy naysaying bitcoin and failing/refusing to sufficiently/adequately prepare for up. Thereafter, many of them have regrets because either they sold too much too soon or they failed/refused to buy even close to as many BTC as they could have had bought.
Sure, even relatively whimpy investors are going to end up doing way better than the no coiners, yet it seems that there are so many folks who are smarter than the bitcoin investors and those of us who are mostly accumulating bitcoin, including investing in relatively aggressive ways.
That's true most folks endup regretting after taken such decisions, and i am also a victim of such , back then when bitcoin price was around the price range of $25k I had some portion of bitcoin then I was keeping, but due ignorance I sold it all when I heard that Bitcoin might dip to the price range of $10k , and I easily believed it because I don't have any solid knowledge about Bitcoin then only sees as a form investment only then .
Guess what I waited for the dip and guess what it never happened, I was even lucky that I decided to start accumulating last year again , may be by now I would have been waiting for something that may never happen in a long run , the fact is that no one can tell the future of Bitcoin, but no matter how we see it Bitcoin still possess some nice potential to something wonderful in the future, but because there's no guarantees, that's why we must accumulate without been too aggressive, just to position ourselves for the up .
Considering the investment in Bitcoin, you can never buy or sell at your own choice, you have very limited space to feel comfortable and you have to regret it most of the time. If I tell you my own experience when I buy price starts going down the moment after I buy it. While investing in Bitcoin I have noticed through market analysis that if an investor can continue to deposit Bitcoin using the DCA method he can be largely risk free if he can deposit for multiple cycles or more.
Due to investment fear we tend to miss many big events of Bitcoin such as price correction period and waiting for more dips and wasting time related to investment etc. Everyone can make assumptions about the price of Bitcoin but to evaluate how much it reflects in reality every investor should have a tendency to deposit Bitcoin regularly and be able to get a holding.