2024？to 60000 again？ - page 2. | Bitcointalksearch.org

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Quote from: xiaobu12345 on July 09, 2024, 02:21:57 AM

Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?

I am always positive about Bitcoin and I think Bitcoin price will definitely touch $60k dollars in 2024. The market entered at $73k dollars in 2024 so it is very likely to surpass this position again. Although the market has been dumping a lot for some time, it will definitely bounce back. Due to volatility in the market was dumping a lot, but currently the market is pumping well today bitcoin price touched $59k dollars very soon it will touch $60k. And by the end of 2024, I think the price of Bitcoin will rise even more and its price has a chance to enter $80000.

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Quote from: xiaobu12345 on July 09, 2024, 02:21:57 AM

Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?

I do not think this is challenging at all, I mean if bitcoin had suffered a massive drop I could understand your worries, but bitcoin is currently trading at 57k, the most minimal pressure from the bulls will be more than enough to bring the price above that level, so if this is something that worries you then stop doing it, as it is just a matter of time until this happens, so just keep yourself as calm as possible and avoid selling your coins now.

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Quote from: xiaobu12345 on July 09, 2024, 02:21:57 AM

Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?

Lol, we still have a lot of months this 2024 and the current price is $57k. So moving to $60k, the market just need a little push to get to that price and obviously in the next 6 months we might do it.

The thing is that newbies doesn't have the patience of some of us here that's why they will ask questions that sometimes we think that if you think logically, they might come up with their own answers already. So just stay put, maybe at the end of the year, we might be around $80k or even higher, just saying.

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Quote from: xiaobu12345 on July 09, 2024, 05:42:21 PM

Quote from: $crypto$ on July 09, 2024, 03:00:46 PM

…… I don't care about the price now, this is because of the FUD of the government who continues to sell their bitcoin.

FUD ,good description!

When it comes to the government, I think there is no need for a government to support Bitcoin because the issuance mechanism of Bitcoin is in opposition to the government. As a government, to manage its own country well, it must have the right to issue currency. It governs the country and the people through the right to issue currency. If they support Bitcoin, it is definitely contrary to their will of governance.

Then from my point of view, it is impossible for the government to support Bitcoin. Even if they ostensibly support Bitcoin, they must be cracking down on it secretly. After all, as a government agency, there is no need to stab itself in the back or support something that will threaten its own rule.

So I think behaviors like the German government selling Bitcoin will occur frequently in the future. Maybe the US government and the British government will continuously follow up to sell and suppress Bitcoin so as to make the Bitcoin circle unable to survive. For example, miners cannot survive. A large number of investors suffer losses, and Bitcoin is completely reduced to a tool for speculation and gambling instead of a real world currency.

if both the usa and Germany sold all their coins and price tanked people would buy cheaper corn and mining difficulty would drop. we would climb back up the hill again. For your case to work I would think blocks need to be at .39 not at 3.25

but its a short wait of

1.62500 2028
0.81250 2032
0.40625 2036

If we were at that time I could consider you argument to have legs.

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Quote from: xiaobu12345 on July 09, 2024, 05:21:28 PM

So nothing is absolute and cannot be generalized. What I'm discussing is just whether it can reach 60,000 in 2024. Maybe it will go downhill in the rest of 2024 and directly drop to 20,000, 30,000 or even 10,000.

It's heavily unlikely that Bitcoin doesn't cross the 60,000$ mark this year yet. Right now Bitcoin is almost reaching to 58,000$, and if this bullish tendency can be maintained, we are going to see Bitcoin back to the price range you are arguing about faster than we imagined last week. There is a small chance that Bitcoin will go downhill for the rest of 2024, and by "small chance" I'm being really open minded regards your point of view.

It's halving year, Bitcoin is bullish, the biggest sharks of financial world are fully focused in Bitcoin and it can be already considered a mainstream investment... If Bitcoin still were a risky asset with potential to crash to the bottom prices you mentioned, I don't think institutional investors and funds of investments would be depositing so much money on it.

xiaobu12345

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Quote from: $crypto$ on July 09, 2024, 03:00:46 PM

…… I don't care about the price now, this is because of the FUD of the government who continues to sell their bitcoin.

FUD ,good description!

When it comes to the government, I think there is no need for a government to support Bitcoin because the issuance mechanism of Bitcoin is in opposition to the government. As a government, to manage its own country well, it must have the right to issue currency. It governs the country and the people through the right to issue currency. If they support Bitcoin, it is definitely contrary to their will of governance.

Then from my point of view, it is impossible for the government to support Bitcoin. Even if they ostensibly support Bitcoin, they must be cracking down on it secretly. After all, as a government agency, there is no need to stab itself in the back or support something that will threaten its own rule.

So I think behaviors like the German government selling Bitcoin will occur frequently in the future. Maybe the US government and the British government will continuously follow up to sell and suppress Bitcoin so as to make the Bitcoin circle unable to survive. For example, miners cannot survive. A large number of investors suffer losses, and Bitcoin is completely reduced to a tool for speculation and gambling instead of a real world currency.

xiaobu12345

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Quote from: el kaka22 on July 09, 2024, 03:14:31 PM

Honestly it already…

I think you must have been in this forum for a long time, so your judgment is rather radical and full of subjectivity.

Maybe you are full of imagination about the foundation or future of Bitcoin, but we cannot deny the possibility that it might break down in the middle.

Considering the halving of miners to 3.125. The halving of miners' income! It will put pressure on miners and cause problems with computing power. At this time, the security of the Bitcoin network will also be questioned.

The exit of small miners will cause the mining industry to become more centralized , which will also lead decentralized Bitcoin to become a centralized product . And a 51% attack is likely to occur more easily, which will endanger the entire Bitcoins ecosystem.

So nothing is absolute and cannot be generalized. What I'm discussing is just whether it can reach 60,000 in 2024. Maybe it will go downhill in the rest of 2024 and directly drop to 20,000, 30,000 or even 10,000.

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Quote from: xiaobu12345 on July 09, 2024, 02:21:57 AM

Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?

Hmm, I think the Bitcoin price will rise above 60,000 in 2024. There are only 5,6 months remaining until the end of this year, and if we look at the previous Bitcoin monthly return. We can clearly see that Bitcoin has performed a super bullish movement in the 3–4 months at the end of the year since 2013. So looking at this point, I strongly believe that Bitcoin will be definitely hit $60,000 at the end of of the year or maybe Bitcoin could hit its current all-time high.

Apparently this is a speculation, but another point of view is that if Bitcoin did not rise, that is, due to selling pressure, it did not stop at its crucial support, which is approximately 50.5k, but there are chances that we will stay below 50 for some more time. It can stay, that is, the price can be stuck in the range. Everyone else has their own perspective, it may be wrong or right. This is my perspective, which I have described above.

DYOR !

xiaobu12345

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Quote from: philipma1957 on July 09, 2024, 03:56:40 PM

1) …

I feel that you've covered all the possibilities, which is equivalent to saying nothing. Among the three options you gave, I can choose any one of them. Is there a fourth option in this lovely world? So your answer has no value at all. However, I still thank you for your reply. This also shows that everyone here is quite concerned about the trend of Bitcoin which is perfect.

xiaobu12345

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Quote from: xiaobu12345 on July 09, 2024, 02:21:57 AM

Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?

Although in the long term, Bitcoin will rise to a very high level, and its starting point is good because it represents freedom and fairness. However, when the current price reaches fifty or sixty thousand, we will find that its price is too high. Well, it's not that I'm against Bitcoin rising to 100,000. I just mean that Bitcoin may first fall to 20,000 or 30,000 and then rise to 100,000. So for an investor, getting off now may not necessarily be a wrong choice for 2024.

philipma1957

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Quote from: xiaobu12345 on July 09, 2024, 02:21:57 AM

Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?

1) BTC is dead sell it all and quit this game.

2) BTC is going to the moon take a loan and let it ride.

3) be like JJG and DCA a small amount every week.

Only look at the charts 1 time a month and hodl.

take your pick op 1 2 or 3

el kaka22

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Honestly it already went over 57k, and I think it's looking good. Thinking "will it?" is quite pessimistic and I do not understand why people think like that at all, makes no sense to me. I have been always bull about bitcoin and I think it should look quite good at the end as well, we need to just focus on that and be hopeful about it, we can't really see any other way.

If you keep doubting bitcoin, then there is no reason why you should be invested into bitcoin, you are not going to get anything that profitable from it if you are not careful. I personally believe that the best way to approach this would be just focusing on how to make it better, and for that to happen you need to have hope regards the future of bitcoin as well.

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Towards the end of 2024 it is still a long time, this is only the first half, meaning that with the remaining time bitcoin can still move anywhere we never know the truth, it's just that we are optimistic that bitcoin can exceed $70K before the end of this year.

Predictions of people calling $100K are still quite realistic at the end of 2024, even if this for example does not happen then there is still hope in 2025 where bitcoin is likely to be bullish, I don't care about the price now, this is because of the FUD of the government who continues to sell their bitcoin.

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Why not? IMO bitcoin could return to $60K before the year is over and also see some other speculation about bitcoin prices in August being much higher.

Even when there is a little spike again bitcoin can go to $60K because that price is close to now, more so never think about the price when it goes up you have to focus on buying if you believe bitcoin is going back up, so never regret it later.

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Quote from: xiaobu12345 on July 09, 2024, 02:21:57 AM

Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?

I can say it can rise above 60,000. I can also say the price will drop lower than 60,000 this year. The conclusion is that anyone can say anything about anything regarding the price of Bitcoin.
For me, being too concerned about the price of Bitcoin is not good because Bitcoin is not an altcoin.
Before 2024, in 2022 there will be the lowest price drop so that some people assume that the price will not rise again, in the end that doesn't happen because Bitcoin is now 57,000 which is close to 58,000.

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Quote from: xiaobu12345 on July 09, 2024, 02:21:57 AM

Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?

We look at the current price might movement and predict what will happen in the future and from the current price movement of $57,600 though it is coming down right now at the time of making tho thread, but bitcoin will still hit $60,000 before the year would end again and probably from next middle or toward the ending that the real bear market will start again.

As it said bitcoin will go down below and rise again.

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Quote from: xiaobu12345 on July 09, 2024, 02:21:57 AM

Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?

I think we will definitely see Bitcoin price at $60k plus. There are still more than 5 months left in this year so I think Bitcoin will be over $70k again this year. Today Bitcoin price is $57,500 plus, hope to see $60k soon. Bitcoin price has not come down much. So don't be disappointed to see the market down, wait patiently, Bitcoin will come back to its previous position again.

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It's anyone's guess ( just like everything else in this section having to do with price prediction).

When bitcoin was at a really low point at the end of 2022, I sure as hell did not expect a nearly uninterrupted rise to a new ATH--and yet that's exactly what happened. I didn't expect this recent dip down into the $50k range, but it's not exactly putting a lump in my throat. There's been no news that would account for the drop, so it's probably just traders taking their profits off the table, and that's what happens in a lot of markets.

In other words, nothing to see here. Bitcoin will most likely be back to $60k or above in no time, even if it has to go lower in the interim.

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Quote from: xiaobu12345 on July 09, 2024, 02:21:57 AM

Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?

First, move this topic to the speculation board because the speculation board is a suitable place to discuss opportunities for prices to rise, stay or fall.
Second, for me the best year to wait for high prices is 2025. In 2024 there is still no direction where the movement will go even though I think prices above $70,000 have the opportunity to be achieved amidst the torrent of negative issues that are changing market behavior.

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based on a pure assumption/speculation, yes, why not? I mean, just at the start of this month bitcoin reached above $60k so I don't really see any reason why Bitcoin would not reach above $60k again in 2024. that being said, it could still be possible that bitcoin will not reach above $60k again this year.

anyway, the thread should be on the speculation board.

Topic: 2024？to 60000 again？ - page 2. (Read 423 times)