Quote from: Mrbluntzy on April 26, 2025, 06:58:52 PM

Quote from: Leomiles on April 25, 2025, 06:26:27 AM

I stumble on this, and i ponder to understand how Bitcoin currently at $93,357.00 could appreciate to about $833,000.00 in the next ten years

"On average, our panelists think bitcoin ( BTC) will be worth $135,048 by the end of 2025, down from the $161,105 predicted in our January 2025 report. Looking further ahead, they see the price of BTC rising to $452,714 by year-end 2030 and $833,000 by the close of 2035."
https://news.bitcoin.com/bitcoin-aiming-for-833k-finder-experts-see-prime-time-to-buy

Is this realistic?
Is this a prime time to buy?

What's your thought on this?

Bitcoin is not like those shitcoins that you have to look out for the best price to buy, as long as you want to hold some Bitcoin for a long time, you can buy at any price or you can also use either buy with the averaging strategy. The demand for Bitcoin is high and anyone is right to think that price could get to $800k in the next 10 years but only future knows what it holds, it is possible that Bitcoin can even surpass the performance that people are thinking.

Based on what I think, this price is still good point to buy depending on whether you can hold till the 2030 or farther, you don't need to panic when price is going doing, just keep holding. It's possible that after you buy now, the price could plunge but even if it happens like that, you don't need to panic.

Come to think that each investor or trader does have that different approach on how long or short that they will be able to hold up their Bitcoin holdings on which it will be depending on someones preference into this aspect. When it comes to potential then there's no doubt about Bitcoin on which considering as the father of all crypto or lets say that origin then we can expect that the support and recognition is solid and it wont be sitting on the top ranking in the entire market for nothing. When it comes to speculation then expect that there will be those numbers that turned out to be non realistic already but since we are free on making up decisions then it will be that just normal that there will be those numbers that turned out to be that too much but since this is free then there's nothing we can do but to mind out our own price speculations.

Investing for long term will be that just that depending on you because there are those individuals who are that going for long term or lets say that they are holding for decades and there are ones who do come after for several months or years or to those who goes selling or buying on every market cycle. Just make it sure that you do only invest on what you can afford to lose as always on which we know that whenever you do have that kind of actions on which no matter what happened on the market when it comes to price movement then you wont be able to end up on having that panic since you are just that making use of the amount on which you do know that its just fine that it could be showing up some negative in compared to those who do take up some loans or using up their life savings.