Topic: Bitcoin price hit a new ATH again at $107,500+ and I am happy to see my friend h (Read 521 times)

During the Bitcoin pumping you explained Bitcoin to your two friends and they may have agreed to invest after hearing the explanation of Bitcoin. If they had invested $90,000, then when Bitcoin reached $108,000, they made a lot of profit and they were very happy. But now that the price of Bitcoin is slightly dumping, your friends' investment has lost a lot of profit. Maybe your friends are not very happy with the current market, but you need to explain to them about the volatility of the Bitcoin market.

If your two friends can accept the volatility of Bitcoin and hold on for the long term, they will definitely be happier in a few years because we can see the price of Bitcoin at a much higher level very soon. I always wish your friends success in their investments and finally I would like to say that to keep their Bitcoin investment safe, they must tell their wallet seed to be safe.

I could shit my pants if my friend invested $90,000 on Bitcoin, let's say that Bitcoin already made its top at $107,000 and later we start going down how will your friends feel if they failed to secure that 17% gain thinking it is still a small gain, your topic look more like a promised one and you claimed they understand? Only time will tell.

I hope that Bitcoin will go a bit higher before it gassed out, but don't ever give promise when advising people about investments, because as good as Bitcoin is nothing is still guaranteed, tell them about the bad side of investing.

Price actions is what makes people feel good or bad, entry points and profit taking is very crucial, many people will get rekt in the near future.

I think bitcoin live in hes own "universe" hes lifetime not depend from supply or demand, price maybe up , down, but will be new highs after...

Bitcoin price is experiencing a noticeable decline in its performance as the end of 2024 approaches, after it had been in a continuous recovery since early last November.

Factors contributing to Bitcoin’s current decline are mounting, including expectations of a slowdown in the pace of interest rate cuts by the US Federal Reserve in 2025. This slowdown has had a significant impact on the cryptocurrency market, as it has dampened speculation that had been sparked by US President-elect Donald Trump’s promise to ease regulatory restrictions on cryptocurrencies. Trump has also expressed his support for the idea of ​​creating a “national Bitcoin reserve,” reflecting the growing optimism in the cryptocurrency market.

Yes, but it's better to stay at least in the $100k range before the end of the year,



https://www.coinglass.com/today

So that we can keep our momentum entering 2025 and with Trump's inauguration early next year, we are going to see another pump as this is highly anticipated event. So at least $100k end of the year and then we will work from their and maybe push another all time high in January.

2025 is the year we are going to see most of the action above $100k.
As they say - use the dip.

Now, I believe that Bitcoin will not make its price too high like this, but I am not pessimistic. I am optimistic and if we look at Bitcion yearly candles, this year is very bullish.

Lowest: $36,186
Highest: $114,666
Current: $93,320

If Bitcoin closes this year around $90,000, it has a very good year, with lowest price below $40,000 and close price about $90,000, its ROI only in this year is more than 100%.

Maybe not in 2024, but the price could go towards those levels on the long run, with something like 2025 could see the peak as well. I can see why those things could be a little different from each other but we are dealing with a much larger and different approach here.

This is why I believe that we need to consider bitcoin being promoted everywhere is still a good idea because we have time to do something further about it. I am not really considering this an issue, I do not promote it to my friends or family or anything like that, not to people I personally know, because that's very annoying to keep hearing about "when will it go up" everyday, but I do promote and motivate online because I can do that and I could at least do that for all the things bitcoin has done for me.

Bitcoin is a very volatile process. No one can accurately say whether the price it is going to be at today will be the same price tomorrow. No matter how close a friend I am at work, I don't tell anyone to invest in Bitcoin. If the price they bought it at today drops tomorrow, they will think I cheated them. I cheated them out of their money. In that case, I will fail to convince them that if they hold it for a long time, its price will increase much, much more.

guaranteeing the price of bitcoin at a certain point to someone who is new to it is a mistake because they are still new to the bitcoin market and only rely on what you say as a direction in their investment, they are not yet mature in knowledge or experience, and unfortunately they can blame you if the bitcoin market does not favor them.

it is better for you to teach them slowly and always tell them that investing in bitcoin has risks, always remind them of this so that later on they will not blame you for their losses because you have reminded them of the risks from the start.

What you did could put your friendship at risk, your friends did not invested in bitcoin because they trust its long term prospects or its technology, they did so exclusively because they want to obtain an economic benefit and their friend helped them to do it, if at some point the price of bitcoin crashes or they take on additional risks, like futures trading, and they lose their money, who do you think it is going to be blamed for those losses? A result that could put an end to your friendship.

We can help anyone get involved in investing in bitcoin and can also advise them to stick to doing long-term holding to get big profits in investment, but it won't work well when they themselves don't have confidence in the investment we recommend. I have two different experiences where one person has been investing in bitcoin for the past five years and the other has no interest in doing it and now when they meet me at the same time there is always an interesting story presented.

I am proud to be able to help people achieve the stage of financial freedom and even though I don't directly provide a path to that success through us. But maybe they know bitcoin through us and their motivation to invest is also based on what we have achieved in bitcoin so they have an example when they want to start compared to advising them but we ourselves have not started so they don't see something based on experience.

It's good to see that you are motivated and are suggesting others to invest in bitcoin but there are some concerns you should note.
Currently bitcoin is neat its ATH and so you should not guarantee anyone that they will make X gains in Y time.
You can ofcourse suggest them to HODL for a long term but I think buying in dips would be better.
If not DCA into it could be the best thing to do right now.

2025 is the year for the BTC rally to shine.
Just wait and enjoy it.
 

Motivating someone to still hold Bitcoin is good so they realize what benefit of Bitcoin to them. Yes, we can not guarantee them to see the price reach $150k-$180k in 2024 because as we can see now, Bitcoin price has been down a lot from the last ATH. Even this day I see the price were in $99k.

You can tell to your friends that this time is a good time to buy more Bitcoin as the price is down. But it is better to tells them about the risk of the down with the price that they already saw now that Bitcoin price can goes down and not just increase so they can understand about the risk.

We still have at least two weeks to see if the price can reach $150k-$180k in 2024. But if Bitcoin price can not reach that price, you need to explain to your friends that Bitcoin have more opportunities to increase in the next year but there is still uncertainty for Bitcoin.

Well praise God Almighty if we hit 150k-180k in 2024! If not then it will surely have to reach that in the first part of 2025 no?

Yes, getting more people and increasing the adoption is amazing, it allows us to grow and not just in price neither. Think of bitcoin like a building, the wide the base, the higher we can go, you can't build a 100 story building with just 10 square meter base, you have to have it strong and very powerful for anything, that way you can make it a lot better and we can definitely make it a lot better on the long run if we have more people investing into bitcoin as well, doesn't matter if it is 10 dollars or 10 million dollars, as long as more people invest, that's good.

I also need to congratulate on the timing as well, it's obvious that we are getting to a great price, bull run was already coming and we knew it, and getting involved at this point is a great move, definitely something to consider.

OP, you gave your friends ideas about bitcoin and your friends invested in bitcoin which is great job. It is very good that your friends are profiting in investment. However, we do not know what kind of ideas you have given your friends? Hopefully you have made your friends aware of the risk. One thing I don't think is right, you guaranteed that bitcoin price will reach $150k-$180k in 2024. Actually Bitcoin price is volatile, no one can tell exactly what will happen when. So you should not give a guarantee. You don't just show your friends big profits. You also make them aware of the risks.

I am happy that your friends whom you introduced to Bitcoin are in profit already. So has many of us here on the forum introduced some fiends too into Bitcoin but what not usually advisable is to ask someone to invest into Bitcoin and still guarantee them of the price within a stated period of time. Telling them that Bitcoin will get to $150k in 2024 is just a speculation and you should not guarantee them of the price because price might not get to $150k before the year ends. It's just about 13 days left to end 2024 and the remaining day is too short for Bitcoin to get to that price you told them.

They have already made a good profit like you said, so, don't guarantee them of $150k as a closer price, allow them to decide for themselves if they should take profit or keep holding.

You did a great job here and for them it can be a big deal as well like now they will also invest and they have become a part of the community as well. Although they bought at a good price but still things can go wrong I suggest if they have made the profit instead of giving them surety which most of the newbies need instead of saying book the profit and leave the trade, which I know is way hard for them because they think if we will be out we won't be making money, you just have to work on this.

Let them know that BTC can still dump, and can even go below 90k that time you should not sell in panic plus you should not have said the word guarantee because it was not suitable for you, I mean things can go wrong with BTC then it might come to your friendship I hope it won't go that way but better to be safe. So, ask them if they want to take risk, then take on their own I know they are smart by making things clear to them will safe you headache and any problems too. I do the same when I give suggestions to anyone, it's their take their risk so if in profit I am not being rewarded, then in lose I must not be blamed.

Happy for you and your friends, yes the whole Bitcoin community is happy these days because this is the day that everyone has been waiting for for a long time to see Bitcoin cross $100K and continue to rise.

As for your friends' advice to buy more Bitcoin, it is better to leave the investment decision to them after explaining to them the risks involved in investing as the price of Bitcoin can drop at any time, personally I expect to see $150-200K next year and then Bitcoin will start to drop.

Glad to hear it, you helped others to understand more or less the concept of Bitcoin, even until they get Profit from the info you gave.
But it would be wiser if you tell the risk, so, they not only think about the profits but also the possible losses they will face, at least a form of preparation, anything can happen in the market, so that one day they don't blame you for what happened.

I do not know how much you have taught them and how much of it they actually understood but it is crazy to me that they immediately bought $90,000 after you told them about bitcoin. Like I said, I do not know if they actually understand everything there is to understand in bitcoin but I am going to say that you are very lucky that bitcoin is doing well these days and just hit a new ath. I can't imagine dragging a friend or two into a financial decision and it going the wrong way and me getting blamed for it.
You mean 2025*

Anyway, this is what you should not have done mate. You do not guarantee them of anything because there is no guarantee to what will the price of bitcoin next year even if we are sure of it, anything can still happen. They might use your words in the future to get back at you. Teaching them is one thing but promising things is another.

Yeah, BTC is no magic wand by any means - the friends of OP should still learn their way forward and understand things clearly to not get in a messy situation in the future.

The story is one of those that are full on the forum. "I invest, and all my friends also became investors." It all happened in one evening. OP, what about the confidentiality rule? Or your responsibility if people are not ready for volatility? I am surprised that it is so easy to persuade someone to invest their money somewhere in an hour or two and still be very happy.
In short, rejoice in the growth of Bitcoin, but do not promise people mountains of gold. However, the story about smart friends and their ignorance of the existence of Bitcoin seems far-fetched to me.

Bitcoin did break some ATHs already, so of course people speculate, up to 120k-150k-200k.
BTC will inevitably reach these targets, so it's better now than never to consider the possibilities for those who are not in the crypto space and know nothing about it.

You still need to interfere in they Bitcoin affairs because the success recorded alone is enough interference with their affairs, within a month that you introduced your two friends to Bitcoin, they are able invest $90k to buy BTC price, and made close to $18k profits at current BTC price, this is so much already and at this point they need a lot of guidance on how to move on from this point to the next point in their Bitcoin accumulation journey, and the best thing you can get them to know is how to use the Bitcoin DCA formula to their advantage, and not to rush to sell their Bitcoin because of the current profits.

2025 holds a lot of positive outlook for Bitcoin with Bitcoin ETFs positions getting increasingly high, and the next regulatory directions from the coming US administration we expect that Bitcoin value will increase more significantly in the year 2025, but all this is based on speculation and there are risks involved since Bitcoin is a volatile assets, educate your friends on the risk involved.

Your friends did well, as well as you yourself, but as it was said out there already - don't promise anything to anybody, due to how they can view it in the perspective if things don't go your way.
Sure, BTC will reach all the targets in the future, but the path toward them will be one with dips, corrections, and many other events that will shape the crypto space in general.
p.s you've got a typo in the name of the topic.

It's kind of funny that a large number of people don't think of that scenario when investing in Bitcoin. Everything is possible, and to be honest, it's highly probable we'll be in another bear market after the year 2025. As others have already suggested, the OP shouldn't make promises that can't be kept; it's not on you to promise them it'll surpass $150,000. You mentioned 2024, but I'm assuming you meant 2025. Maybe it will, but maybe it won't; the price goes both ways. You've prompted them into buying Bitcoin, but that doesn't necessarily mean that they have full knowledge of how to manage their investment. Being overly confident is as bad as being overly pessimistic.

We are so close to $110,000 day by day. The possibilities to reach that price in this month still wide open so we can wait that and prepares our Bitcoin if we want to sell at that price. But you can not guarantee that in 2024 the price of Bitcoin will reach $150,000-$180,000 because we don't know for sure. You can still motivate them to buy and holding their Bitcoin but you should explain to them what is their target price to sell and when they can sell their Bitcoin.

It is good if we can explain Bitcoin to our close friends and they can accepts and trying to invest in Bitcoin. They will see their profit will grow and make a profit from the investment.

Now you will have a problem to keep convincing your friends with your speculation, I wish Bitcoin price only hit $149,999 in this cycle, I want to see how your friends will react. Everyone will happy and become your friends when you give something, but once you stop it, you will know their true face.

Regardless they're close friends or not, everyone are same.

Imagine if Bitcoin price cross $450,000 in the next cycle, it means if you keep holding your coins and sell it at $450K, you made 350% return if you bought Bitcoin at $100K.

I would choose to sell at $150K, which give me return 50% and then bought Bitcoin when the price fall to $50K, so I hold 3 Bitcoin until $450K, now my money worth $1,350K or 1,250% return.

You are very fortunate to have introduced them when the price is bullish. Since they intend to keep it for a short time, its an easy and quick return for them. Your story might be different from other people's experiences who got insulted and even attacked for introducing people to buy Bitcoin. A friend had to flee from his home because the people he encouraged to invest in Bitcoin have been coming to insult. They believed he introduced them to a scam when the Bitcoin price was dropping drastically. They didn't understand that Bitcoin is not a get rich quick investment.

Since that experience, I only tell people about Bitcoin but they will have to make decisions if they want to invest or not. I also informed them that the price is unpredictable and it is better seen as a long-term investment. However, congratulations to your friends and tell them to be set for another cycle because it will be better to DCA or buy during the bear season.      

I think btc will be 100 mln

I can or can not hit $150,000 or $180,000 but does my hope make you sad?

I hope that Bitcoin will stay around low price as long as possible, so a newcomer like me will be given cheap price and more time for my Bitcoin accumulation. My hope might not be satisfied by Bitcoin market, but I am going to DCA bitcoin.

My hope signals one big thing for you and early comers in this market, if you guys have bitcoin, bought it at very cheaper price, you are holding your fortune. Will you sell your fortune for $150,000 / BTC or will hold it for some more cycles and take profit at x times than $150,000?

It may hit that in 2024, or it may not.  It may be in 2025 or not at all.  Make sure they know it isn't a get rick quick thing.  The long term trajectory has been up and it seems likely to continue. Much more so than say 2010, or 2011.  Or 2016 etc.  More people involved means more stability, and now instead of it being 50/50 Bitcoin will succeed, it is much higher but nothing is guaranteed.  There have been times that even the most patient people have been tested, let along people in it for a quick buck. 

This is where understanding Bitcoin's fundamentals comes in and whether you're convinced of it or not. I don't know how much your friends understand Bitcoin or whether they're interested in it only as an investment, but if they believe in what Bitcoin truly offers, they would keep it regardless of the 19% return after only a month and the prospect of $180,000 next year. They'll even add more.

But to each his own. There's a professor from a top university here in my country who supports Bitcoin only in terms of its price appreciation. He invests, takes profit. He doesn't even hodl, doesn't talk about Bitcoin's philosophy. 

If you cherish your friendship so much with them, quickly inform them to think beyond the quick profits they are seeing and consider holding Bitcoin for at least 5 years from today because that is when they will truly appreciate Bitcoin the more. If they are so excited about the quick profits and a correction happens in the market where they will see their investment go below the entry price, they might panic and would want to sell to cut down the losses but if you inform them that such things happens and when it does while they are holding that they should not panic rather should hold for the long term

This cycle is the most stable bull run I’ve seen. It’s slow but very consistent. Of course, we’ve had some minor dumps, but that’s just part of it... it doesn’t look like a pump-and-dump scheme like in the earlier stages. I’d say the market has matured, and holding now feels much more secure, especially if you tend to panic when you see dips.

I believe $110k will happen soon, and $150k might even be possible this year. However, the bull market shouldn’t end this year, as historically, it usually continues into the early months of the following year. For this cycle, I’d love to see that trend break and the bull market continue for the entire year.

Same day last year, Bitcoin’s price was only $41,392.63. That means we’re already up 154% in just one year. Imagine how much more growth we could see in the coming years.

Nice atleast your friends found intrested towards, are your colleagues diamond handed? Anyway I can't excatly suggest my real homies as like yours here in my place tho, if certain something goes wrong with Bitcoin like an (epic price drop, ban, key lost) they'd likely gonna kick my b*utt, also expect me to pay all the amout whatever they've invested with profits. So, i found much better shutting my mouth, learn and earn in incognito by self.

When I saw the price hit $107+k, the first thought was bitcoin will hit $110k before this year will end. Bitcoin is making those who have been investing in long time smile and most of them are selling some unit of bitcoin now while some are still on the hodling journey. That is the investment of bitcoin. Everyone can't be in one page because we all have different thinking and plans. So we don't have to force people to invest the way you did it doing.

Making people very now can still make people cry in years to come. Now that the price is $107+k and you are happy and sell your coins then years to come you see bitcoin $500+ and you don't have anything to sell. What will you do? Blame yourself which will be the normal thing to do is to safe small amount of bitcoin even though you sell large quantities. Don't empty your account.

While that sounds encouraging, I wouldn't guarantee any of my friend on how it is going to be in the year end or by 2025. I'd give my opinion but I will always say that Bitcoin is highly volatile and it might or might not be able to reach the price that I desire to see. I've learned in my past when I've got these friends as well that became interested when the price is moving up. They didn't sold at the peak but sold at losses during the bear market and put the blame on me even if I've explained everything well to them and I have no control to the prices. If I were you, I'd tell them to sell whenever they are happy and comfortable but Bitcoin is here to stay so that no blame is in you if ever that 18%-19% gain started to drop.

I can't answer that because I don't think it will happen, and even if it does, I've explained all the risks but I see them looking excited because they also see and find good news about Bitcoin including all the good news about Trump.

I don't understand because I think they are smarter than me including my education and they are different, maybe because they are too busy and also have more than enough income so they are not interested in getting involved even though they already know and I assume maybe I am the right person and also his old friend who made him finally get involved.

It's good that your friends made some profit from Bitcoin and shared this good news with you. But what if it was the other way around? It wouldn't be nice if the price of Bitcoin started to fall and they blamed you. That's why I don't give advice like that to anyone. It's good that the price is going up and your/their investments are appreciating because we're in a bull market, but in a crash or a bear market, people will look for someone to blame.
I have told many of my friends what Bitcoin is for years. But I never gave buying advice and I never said that the price of Bitcoin will be this much. These are all assumptions, there is no certainty. I believed that Bitcoin would be $1 million one day, even when Bitcoin was in the triple digits, we've already seen 100k. But I would never tell anyone to invest in Bitcoin because the price will multiply 10 times. It's useless to take responsibility for that and it doesn't do me any good. Everyone should make their own investment decisions.

I wonder how happy your friends gonna be if bitcoin drops down to let's say $60k, which is always a possibility.  

Anyway, I sure hope you explain to them that in the end there's still some risk involved and there is always a chance (despite how small it is) that they will end up with nothing.

Rule number one, Don't promise or guarantee anyone over bitcoin price, secondly, don't be overconfidence.

Don't be over excited here because bitcoin is a volatile currency, remember that before the recent all time, bitcoin was at $103,000 and here we are now for $107,600 all time high, which tells that we cant predict accurately what the market may turned to be, you can wake up tomorrow morning to discover that the market have already plummet to $90,000 and anything can still happened the more we go, but don't promise on people about a volatile currency, in case of any other time.

It's great to see you and your friends happy! However, I’d suggest avoiding specific dates when predicting a Bitcoin target price. Bitcoin has a way of surprising and shocking everyone. Instead, you could say, "Bitcoin will definitely reach $150k if you HODL," but avoid attaching a timeframe.

There’s no guarantee, and no analyst can promise certainty. It’s also possible that BTC could drop below $100k by the end of the year. If that happens, your friends—especially if they’ve invested at $90k and are still new to Bitcoin’s movements—might feel disappointed or upset. Good luck, and let’s enjoy the ride!

Bitcoin will soon reach $110,000 and currently the price of Bitcoin has reached 107,500 and this makes 2 of my friends very happy.

I have two close friends who used to be my music friends or band friends, and now we rarely meet because they are busy working as Pilots and the other one because he works out of town. And we met on November 18th at a place we often visited at that time, and we chatted a lot while asking about our activities and I told them that I was involved or invested in Bitcoin, they knew about crypto especially Bitcoin but didn't know the details and its functions.

And they seemed curious to know more and finally I gave a basic explanation along with the benefits that I had gotten and also the real results that I had gotten finally my two friends were interested and I immediately and at that time also made a wallet and so on for my two friends who are still communicating until now, moreover my two friends are smart and immediately understand and can also operate it finally they bought Bitcoin on the night of November 18th and I don't know how much they bought if I'm not mistaken around $90,000+.

And earlier my two friends contacted me when the price of Bitcoin reached $107,500 and they were very happy and I was happy to see my two old friends happy because they had made a profit of 18% to 19% from the price they bought on that date and I forgot how much it was at that time.

And I continue to motivate them to continue holding or if they want to continue buying periodically because I guarantee that in 2024 the price of Bitcoin will reach $150,000-$180,000.

And I want to know your response, because I also don't want to interfere in their affairs after getting involved with Bitcoin even though it's because of me. But I'm sure they also have intelligence, understanding and also have the ability to grow in this industry and we also always communicate even though I sometimes ignore and divert the conversation because I don't want to feel dizzy.