Bitcoin is a different kind of wonder

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Quote from: wallet4bitcoin on January 20, 2024, 02:42:27 PM

As for those looking at the price of Bitcoin to having made over 10,000 percent, i will advice that you look at it from a different standpoint.

We are still early in adopting Bitcoin, and it is still very much affordable to acquire since we still have a substantial amount circulating and not locked away in some offline wallet somewhere

Wishing the Bitcoin price will hit $400,000,000 someday, it might happen, but I guess not in our generations.

You're wrong, you can check this site https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

5 from 10 the richest Bitcoin addresses are locked in centralized exchanges' cold storage.

Quote from: dlightag on January 21, 2024, 06:13:05 AM

But is not too late to invest on Bitcoin, because in the next 8 years from now going to add more value and keep wondering people.

Why only next 8 years? do you think Bitcoin will become dead coin in 2033?

lixer

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Quote from: South Park on January 19, 2024, 05:24:55 PM

Quote from: Natsuu on January 18, 2024, 06:59:46 AM

Quote from: kryptqnick on January 18, 2024, 06:40:48 AM

The way I see it, Bitcoin moves in a certain way, making three steps forward and two steps back. It reaches a certain price, then loses more than a half of it, but then gradually builds up toward a full recovery and even toward surpassing the previous ATH. What's important is that it always recovers and always move forward, which means that a bear market is not the end and doesn't have to result in a loss of money. It can be reasonably argued that there may come a point of no return, something from which Bitcoin never recovers. But the more times Bitcoin recovers, the stronger the trust in this tendency becomes, making it a safer asset.

Right! Bitcoin goes up, takes a dip, but then bounces back stronger. The fact that it keeps recovering builds trust, making it seem like a safer bet in the long run.

And even such a simple observation is beyond what most people can comprehend, since whenever the price of bitcoin takes a hit they sell their coins thinking that this is the end and that bitcoin is never going to recover, and then when bitcoin proves them wrong once again they get bitter about it and they wish they never sold their coins, buy into the market again when bitcoin is close to the top and repeat the same cycle all over again.

When you say "a hit" I think this can also mean that the price is rising, and there will also be people who will sell during it. And yeah, they can have that thinking that maybe this is the last high price that we will see for now? So instead of wasting the opportunity and waiting for a long time again for BTC to recover, why can't they just take it? Besides, they can still buy back again.

If we are talking about the dumps, there are instances that BTC dumps a lot but it does not mean that it is now dying and it will not recover anymore. In fact a lot of people likes this and they will now buy more. Those people who blame BTC are crazy. They can't admit their own mistakes.

tread93

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Bitcoin is surely a rising star and has gained critical acclaim from the most famous people on earth. Despite not being in physical form the sheer security and intangibility of having these coins online and offline has proved to be the most sound and resiliant form of currency. Bitcoin is absolutely in a class of its own! In fact it made its own class and is the first in its own class so to speak. One day we will be looking back on these days and sharing with our loved ones that we witnessed history. Can you believe Bitcoin is only 15 years old?! Bitcoin has just got its learners permit to drive if it were a child haha.

dlightag

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Bitcoin has been a global wonder to people, since ever Bitcoin has been created it keeps adding values in every four years of Bitcoin halving occur and most early investors that sold out are regretting it by now. But is not too late to invest on Bitcoin, because in the next 8 years from now going to add more value and keep wondering people.

Rufsilf

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The past few years have seen a noticeable and considerable improvement in bitcoin.
Given that bitcoin is already regarded as a valid type of digital currency and has received increased recognition and acceptance, its growth and adoption, in my opinion, have already been aided by a number of advancements that have already occurred.
We are genuinely surprised by the substantial increase in the value of the bitcoin market since its launch.
It has attracted investors and speculators since, despite some volatile periods, the underlying trend has been upward.
I believe that bitcoin has become a notable investment asset as a result of its price increase.

famososMuertos

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In your price journey, a bad omen was dropped because you mention $10k for 2024, in any case, predicting rising prices are all good but don't forget to have a plan for when the price doesn't work out as you thought.

I hope that in those moments you continue to think the same.

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Quote from: nimogsm on January 20, 2024, 02:56:58 PM

Quote from: Zanab247 on January 19, 2024, 02:53:22 PM

That is why you see BTC continue spreading all over the world to attract people to seek for more knowledge of BTC because, the wonders people are receiving from the decentralized currency make them to believe that they have wasted a lot of years for centralized currency in their land but this year 2024 BTC will still display some wonders that will make the price to move above $50k before the end of January.

I don't think the bull run will reach 2026 but it will reach 2025 for investors to enjoy long bull run to recover from their losses they encounter last few years in the bear run.

there will be a halving quite soon and I think it will be this that will give the first impulse and trend for this year. It will now be more difficult for miners to mine it and it will be more scarce, most likely transactions on the network will also become more expensive, which in turn should cause the price of Bitcoin itself to rise, which many and they are waiting. I think this year will be decisive in many ways.

Zanab247, Bitcoin is a potential digital currency and people see it has the perfect alternative but that doesn't mean it's the solution to all financial-related problems. Let's be sincere, BTC still has a long way to go judging by the world population and the total number of people that are into BTC as we speak. Yes, more people will want to learn about it but now that BlackRock, etc are into it we should expect huge market manipulation just like they did with the setting they engage in, in the real world.

Nimogsm, BTC mining difficulty change every 14 days and it has nothing to do with block halving which the protocol of split into half the miners reward. Yes, the halving will create an impulse that will lead to market rally because it was purposely introduce by Satoshi to serve as inflation control.

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Quote from: Zanab247 on January 19, 2024, 02:53:22 PM

That is why you see BTC continue spreading all over the world to attract people to seek for more knowledge of BTC because, the wonders people are receiving from the decentralized currency make them to believe that they have wasted a lot of years for centralized currency in their land but this year 2024 BTC will still display some wonders that will make the price to move above $50k before the end of January.

I don't think the bull run will reach 2026 but it will reach 2025 for investors to enjoy long bull run to recover from their losses they encounter last few years in the bear run.

there will be a halving quite soon and I think it will be this that will give the first impulse and trend for this year. It will now be more difficult for miners to mine it and it will be more scarce, most likely transactions on the network will also become more expensive, which in turn should cause the price of Bitcoin itself to rise, which many and they are waiting. I think this year will be decisive in many ways.

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Quote from: wallet4bitcoin on January 20, 2024, 02:42:27 PM

Bitcoin is just another wonder of the world, although it is yet to find its way in the books of wonders earth has ever had, it remains undeniably the best human created wonder.

Bitcoin is not a wonder of the world - but it is the result of a revolution in the financial industry. You should know exactly what bitcoin is and what is the wonder of the world - so I don't think it's worth it when you say it's the same. The high value of bitcoin does not make bitcoin comparable to the wonder of the world as you mean - so it doesn't feel right.

Quote from: wallet4bitcoin on January 20, 2024, 02:42:27 PM

We are still early in adopting Bitcoin, and it is still very much affordable to acquire since we still have a substantial amount circulating and not locked away in some offline wallet somewhere

Yes - everyone can always buy bitcoin whenever they want, even if they can only afford a few sats.

wallet4bitcoin

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Bitcoin is just another wonder of the world, although it is yet to find its way in the books of wonders earth has ever had, it remains undeniably the best human created wonder.

As for those looking at the price of Bitcoin to having made over 10,000 percent, i will advice that you look at it from a different standpoint.

We are still early in adopting Bitcoin, and it is still very much affordable to acquire since we still have a substantial amount circulating and not locked away in some offline wallet somewhere

Easteregg69

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Quote from: Natsuu on January 18, 2024, 06:59:46 AM

Quote from: kryptqnick on January 18, 2024, 06:40:48 AM

The way I see it, Bitcoin moves in a certain way, making three steps forward and two steps back. It reaches a certain price, then loses more than a half of it, but then gradually builds up toward a full recovery and even toward surpassing the previous ATH. What's important is that it always recovers and always move forward, which means that a bear market is not the end and doesn't have to result in a loss of money. It can be reasonably argued that there may come a point of no return, something from which Bitcoin never recovers. But the more times Bitcoin recovers, the stronger the trust in this tendency becomes, making it a safer asset.

Right! Bitcoin goes up, takes a dip, but then bounces back stronger. The fact that it keeps recovering builds trust, making it seem like a safer bet in the long run.

And even such a simple observation is beyond what most people can comprehend, since whenever the price of bitcoin takes a hit they sell their coins thinking that this is the end and that bitcoin is never going to recover, and then when bitcoin proves them wrong once again they get bitter about it and they wish they never sold their coins, buy into the market again when bitcoin is close to the top and repeat the same cycle all over again.

Zanab247

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That is why you see BTC continue spreading all over the world to attract people to seek for more knowledge of BTC because, the wonders people are receiving from the decentralized currency make them to believe that they have wasted a lot of years for centralized currency in their land but this year 2024 BTC will still display some wonders that will make the price to move above $50k before the end of January.

I don't think the bull run will reach 2026 but it will reach 2025 for investors to enjoy long bull run to recover from their losses they encounter last few years in the bear run.

Jegileman

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Quote from: Septex on January 10, 2024, 02:10:44 PM

In the current year 2024, I believe that the value of Bitcoin will exceed $10,000. All past data suggests that bitcoin price bull markets tend to move upward too quickly. I think Bitcoin will skyrocket between 2024 and 2026.

I guess you wanted to say it’ll exceed $100,000 and not $10,000. As it has been speculated by many most of which are experts who have been in the ecosystem for a long time is that bitcoin will double its current all time-high at bull run when bitcoin is expected to have a new value. It is a great year that many have anticipated for and would want to make good profit from their investment this year. At this point, everyone can now tell how bitcoin will definitely increase in value and will also want to see them earning greatly from it. There is no doubt, bitcoin will go up in price at this speculated time but how much it will reach is what is uncertain to many.

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Quote from: pooya87 on January 18, 2024, 06:09:13 AM

FOMO is different from panic sell. FOMO is for the buying spree people go on pushing the price up.
The reason why we aren't seeing that these days (despite the fact that people know the potential of bitcoin and see it as a hedge against inflation) is the recession! People simply don't have enough spare money to put into bitcoin as before.

The recession has heat the economy of the world so badly that people do not really have excess of money to put into bitcoin now. It is also noteworthy to mention that the prices of commodities are going in the rise. What you use to purchase for a price before is now x2 of the value today in the commodity market. So it is only normal for the dynamics of things to change including in the financial system.

However, whether there's inflation or not, many people out there are also not bothered about it as they are financially buoyant enough to stand for themselves and to always penetrate the market. I'm pretty sure there are people who have their ways of taking advantage of the market at all times.

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Quote from: kryptqnick on January 18, 2024, 06:40:48 AM

The way I see it, Bitcoin moves in a certain way, making three steps forward and two steps back. It reaches a certain price, then loses more than a half of it, but then gradually builds up toward a full recovery and even toward surpassing the previous ATH. What's important is that it always recovers and always move forward, which means that a bear market is not the end and doesn't have to result in a loss of money. It can be reasonably argued that there may come a point of no return, something from which Bitcoin never recovers. But the more times Bitcoin recovers, the stronger the trust in this tendency becomes, making it a safer asset.

Right! Bitcoin goes up, takes a dip, but then bounces back stronger. The fact that it keeps recovering builds trust, making it seem like a safer bet in the long run.

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Quote from: Septex on January 10, 2024, 02:10:44 PM

Bitcoin's contribution as the first digital currency in the world is indeed the greatest.

No, it's not the first digital currency. It is eCash by David Chaum. But to say the first cryptocurrency, it is Bitcoin.

Quote from: Septex on January 10, 2024, 02:10:44 PM

~snip~

What you are saying is mostly about the history of the price actions of Bitcoin and I think that's much better for its title.

Quote from: Septex on January 10, 2024, 02:10:44 PM

I think Bitcoin will skyrocket between 2024 and 2026.

It is speculated that it is going to be the year of bull run starting on this year but the peak of it is going to happen by 2025. Whilst for 2026, it's assumed that we're going to go through with the bear market by that time.

kryptqnick

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The way I see it, Bitcoin moves in a certain way, making three steps forward and two steps back. It reaches a certain price, then loses more than a half of it, but then gradually builds up toward a full recovery and even toward surpassing the previous ATH. What's important is that it always recovers and always move forward, which means that a bear market is not the end and doesn't have to result in a loss of money. It can be reasonably argued that there may come a point of no return, something from which Bitcoin never recovers. But the more times Bitcoin recovers, the stronger the trust in this tendency becomes, making it a safer asset.

snowpega

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So obvious Dear, As we know the Approval of Bitcoin spot ETF is a big achievement since the day it was born well many expect it will surge the price of 200k$, and many expect it will reach 150k$ in this bull run. There are two things in this season to make it successful Bull run season+Spot ETF hopefully which can lead it up to our goals. Many Big institutions are buying it right now after the approval news of spot ETF and they are also bullish.

pooya87

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Quote from: EL MOHA on January 17, 2024, 05:04:07 PM

These are definitely some of the reason for the less volatility we are currently having, I will also like to add that probably the less FOMO we have in the market now due to many people looking at bitcoin as a store of value and a good hedge against inflation they are reluctant to sell. In the past it is this sale that actually lead to massive sell during bull run and also in bearish periods to due to the fear of missing out. But right now even at both market trends people aren’t scared because they now know the real potential of bitcoin and will rather hold very long to it which I will say has directly affected the volatility rate that it is very hard at this time to see bitcoin do a 5x from its ATH like before.

FOMO is different from panic sell. FOMO is for the buying spree people go on pushing the price up.
The reason why we aren't seeing that these days (despite the fact that people know the potential of bitcoin and see it as a hedge against inflation) is the recession! People simply don't have enough spare money to put into bitcoin as before.

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