Quote from: Jaycoinz on Today at 12:05:22 AM

Quote from: JayJuanGee on December 08, 2024, 11:57:01 PM

Quote from: Ambatman on December 08, 2024, 06:08:52 PM

Quote from: KingsDen on December 05, 2024, 10:33:04 PM

Quote from: ginsan on December 05, 2024, 09:28:50 PM

I think I have a hope in this thread, I want to see btc reach $200k and please wake me up.

Please don't do that... Don't sleep, otherwise you might not wake till 2030.

2030? I don't know I feel you think too low of Bitcoin price increase and potential this bull run.
If Bitcoin doesn't cross $200K next year I would be quite surprised.
The only thing worthy about $100K was that it was our first 6 digit mark in terms of dollars.
I think I saw someone stating Bitcoin could fall to $60K while reading
Well in my opinion, I don't see that happening next year or this year.
Is not that I'm been too optimistic
Just an historical fact.

Anyone proclaiming that bitcoin to drop below $60k ever might well be entering a bettable proposition, and sure the odds are greater than zero, yet I doubt that they are greater than 50%, which makes it bettable. I would take that bet on a 50/50 basis, and my side of the bet that bitcoin will never reach sub $60k again - yet I would make the bet date to be endable as of December 31, 2025.

Hmm interesting so you are saying that it's a 50% chance of Bitcoin reaching $60k again?

I am saying that I would be willing to take the other side of the bet for anyone that proclaims that bitcoin is going below $60k, which largely means that I believe that the odds are greater than 50% that it will not. I have no clue about the exact percent or the odds, yet I would be willing to take the otherside of a bet with anyone proclaiming that bitcoin is going to go below $60k ever again (with a deadline of December 31, 2025).

Quote from: Jaycoinz on Today at 12:05:22 AM

Well I don't think I can make any argument to that as I haven't seen where the bull market will land the price of Bitcoin but for assumption sake the ATH we are all expecting gets to land at $120k then I think the price can slice up into half and get to that $60k and I make this assumption due to the last big Dip that Bitcoin experience of which it broke the barrier of going down more than half of it's new ATH which was around $67-68k during the last ATH as the price was Dip at close to even $16-17k which was more than half.

Sure, the bitcoin price can make large price corrections even during a bullrun, even in early 2021 the BTC price got up to nearly $65k, and then the BTC price corrected more than 50% down to below $30k in mid-2021, and then resumed up and touched upon $69k in late 2021 before it corrected (or crashed) back down to $15,479 in November 2021.

Usually in bitcoin we are not going to end up experiencing a large correction unless we also had some kind of a large upward exponential period, yet I am not going to proclaim that flukes might not happen, and so there are chances for a lot of things that can end up happening, yet the main question for a bet would be figuring out if there might be sufficient disagreement and therefore something that is clearly definable and bettable.

By the way, giving a lot of things going on in and around bitcoin and also some various macro dynamics, it seems that a top for this cycle of around $120k would be quite a whimpy top, especially considering that our last all time high top was $69k, and then our all time high top in 2017 was $19,666 and then our ATH top in 2013 was $1,163. Of course, you are free to believe what you like and to come up with your various theories about what you expect, whether you are trading or investing or if you are trying to figure out how to manage your bitcoin holdings and if you might change what you do in regards to your bitcoin holdings based on your anticipation of possible (or likely) BTC price movements in the coming months or year.

You seem to be giving more weight to possible corrections than me, currently and you also seem to be a bit whimpy about your thinkings of where this cycle's top might be, and maybe in the end it may or may not matter, since I personally don't trade my bitcoin, even though I do schedule locations to buy on the way up and then I buy back with proceeds from my sales, yet I don't consider myself to be trading since I could give few shits if I am able to buy back or not, since the amount of BTC that I sell on the way up tends to be very small portions of my BTC holdings, and I consider those proceeds to be merely kinds of insurance that may well end up getting spent if the BTC price keeps going up and does not correct. Right now I have buy orders down to about $26.5k, yet I don't expect anything below $60k to be filled, and so if I ever need any money, then I just cancel the lower buy orders first and I use that money for my expenses or anything that I am planning to buy in which I don't have enough fiat in my other accounts.

Quote from: I_Anime on Today at 12:06:17 AM

Quote from: Victorybit1 on December 08, 2024, 09:24:58 PM

[edited out]

Yeah it will be indeed cool seeing Bitcoin at price range of 200k , well we can't tell the future but all I know is that Bitcoin still got some room for growth, as a potential coin , yeah that's how some folks doubted when , there where speculation of Bitcoin hitting 100k and now is already hit it , now we are waiting for the next break through that will conclude this bull market which I believe may take place year 2025 , but still won't bother myself with such while I have some Bitcoin i got to stash ( accumulate).

Over the years, we have gone through quite a few doublings in bitcoin's price, and surely some of those doublings were during price discovery phases (identifying new prices) and other times, we were retracing (or revisiting) BTC prices that we had previously visited. We can talk about doublings of the price or we can talk about compounding of BTC's value, so even if we go back to 2015, we can see that we had 8 doublings of the BTC price, and so if we get to $128k, then that would be a 9th doubling since $250 in 2015. See this earlier post of mine... with some additional edits at the bottom..

Quote from: JayJuanGee on December 15, 2021, 02:10:03 AM

Here is an excerpt / example of a similar but later posted description of compounding ......

Quote from: JayJuanGee on February 16, 2024, 09:21:31 PM

So, let's look at the historical numbers and the timeline from 2015 to present again.
0) $250 (2015) 1X
1) $500 (2015-2016) 2X
2) $1,000 (2016-2017) 2X * 2 = 4X
3) $2,000 (2017) 4X * 2 = 8X
4) $4,000 (2017-2020) 8X * 2 = 16X
5) $8,000 (2017-2020) 16X * 2 = 32X
6) $16,000 (2017-2022) 32X * 2 = 64X
7) $32,000 (2021-2023) 64X * 2 = 128X
8 ) $64,000 (2021-2024?) 128X * 2 = 256X
9) $128,000 (2024? - ) 256X * 2 = 512X
10) $256,000 (2025? - ) 512X * 2 = 1024X

I doubt that the mere fact that the number ($100k) seems to be a BIG number that causes considerable difficulties to double from there a few more times, whether in this cycle or in future cycles. Surely the number seems BIG, but $1k seemed big in 2013, and $10k seemed BIG in 2017. We made it through those numbers, and the players in bitcoin have been getting bigger and BIGger and BIGGER, too.