Bitcoin prospects - page 4. | Bitcointalksearch.org

harapan

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Quote from: Xampeuu on February 28, 2024, 11:12:09 PM

It depends on the enthusiasm of the world community for Bitcoin, but logically Bitcoin has good prospects for the future, especially now that only a few people believe in it, imagine if half the world's population used it, of course there would be more demand for Bitcoin. But even so, there is still a risk, because no one knows where Bitcoin will go next, therefore we are required to be smart investors to deal with it.

I agree with you,it depends on the complete usage and acceptance of the society.Imagine if tomorrow everyone wakes up and just decides to let go of all their bitcoin investments,dispose all their bitcoin wallets, and completely abandon whatever that has to do with bitcoin;bitcoin will simply derail till there's nothing left to talk of it anymore.
Bitcoin is susceptible to high volatility and price change,Bitcoin price and value can change frequently and drastically,and once the value goes down,you know what that means.
Since bitcoin is unpredictable,if bitcoin fails us today in anyway,it means there will be no more usage and demand of it anymore.

NewRanger

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Quote from: ahmadeed on February 28, 2024, 05:02:10 AM

What are the limits of Bitcoin’s rise... and is it a strong and consistent rise... and what are the most prominent implications of this rise and its most prominent results?

As we all know in the past few days the BTC price increase has really driven further interest from institutional and individual investors to come and enter and if you have seen the market and BTC price movements over time I am sure you have found the answer and if I note the only thing you want to know is whether the current bull run is going to happen. Well, the answer depends on the size of the demand, meaning that as long as interest and adoption continues to exist and increase, more and more will come, then the price will rise and one of the limits to Bitcoin's increase is the existence of psychological and technical resistance at a certain level from buyers, for example, don't enter yet because see the graph has risen too high and they are waiting for the price to be corrected first and that is also a strategy even though BTC is already considered potential for them. .

Negotiation

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Quote from: ahmadeed on February 28, 2024, 05:02:10 AM

What are the limits of Bitcoin’s rise... and is it a strong and consistent rise... and what are the most prominent implications of this rise and its most prominent results?

There is no limit to the rise of bitcoin. It usually depends on the investor to invest in bitcoin how he manages everything. Bitcoin is a very strong currency in the crypto market and this currency becomes stronger through the rise and fall. Investors are able to get good results in the bull run after the bitcoin halving. Investors invest based on their assumptions and the amount of profit depends on how much they invest. Given the current market conditions bitcoin's prominent results tend to be bullish.

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Quote from: ahmadeed on February 28, 2024, 05:02:10 AM

What are the limits of Bitcoin’s rise... and is it a strong and consistent rise... and what are the most prominent implications of this rise and its most prominent results?

Op well this your question is not wrong but make me laugh shall, see Bitcoin have no specific limit just know that rise depends on buyers and adoption by nation and the more people adopt it.

Just as people invest and buy the more it rise, any one telling you the limit is pure speculation that may not be realistic.

The best advice is to invest when you have what it takes to do because looking for limit it may not come.

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Quote from: ahmadeed on February 28, 2024, 05:02:10 AM

What are the limits of Bitcoin’s rise... and is it a strong and consistent rise... and what are the most prominent implications of this rise and its most prominent results?

Bitcoin rise does not has limit, so don't expect a direct answer on this question, looking at the recent rise in the price of bitcoin, you will be made to understand that the upward movement is in such a way that no one is able to comprehend, early last week bitcoin price was between 51-52k but in the interval of 4 to 5 days the price skyrocketed this is to tell you that no one can be able to give you the accurate price rise within a time frame, I will say that the price of bitcoin some times act as the speed of light, but one thing is for sure the price if bitcoin will continue rising for now because of the season and the events that is in progress.

mirakal

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Quote from: ahmadeed on February 28, 2024, 05:02:10 AM

What are the limits of Bitcoin’s rise... and is it a strong and consistent rise... and what are the most prominent implications of this rise and its most prominent results?

If you mean to say its price increase, I can say it’s limitless. As long as there is sufficient supply of bitcoin and its demand will continue to grow, then always anticipate that bitcoin price will never settle for anything less but it will continue to skyrocket and reach a new all time high as much as possible.

However, with how rapid its price grows, its price correction won’t also take too long. Just expect that in every price surge of bitcoin either due to high volatility or positive market, it has also its fallback, we just don’t know when it will takes place in the market. But one thing is certain, no matter how bitcoin price plummeted, it will definitely have its own time to recover and gets back to surging high in order to reach a new all time high.

Fiatless

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Quote from: ahmadeed on February 28, 2024, 05:02:10 AM

What are the limits of Bitcoin’s rise... and is it a strong and consistent rise... and what are the most prominent implications of this rise and its most prominent results?

There is no limit to the rise of Bitcoin. The market is unpredictable especially because of the approval of Spot ETF. The demand for Bitcoin is high and this has kept pushing up the price. We have never seen this type of market in time past, so you might not get a straight answer. The halving is around the corner and the price of Bitcoin might keep rising time the beginning of next year but there might also be a slight fall in price. I think Bitcoin will get to $100k before the end of the bull run and my target for profit-taking is within this price.

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Bitcoin is in high demand.So its value is high. And everyone wants to hold it so it is not available in the market.It is very volatile. It is a very dominate coin. It alone dominates the entire market. And everyone invests and holds Bitcoin when the price is low, hoping for a bull run.Its supply is low but demand is high.And this demand raises the Bitcoin market more.It is a very reliable coin.So most people want to invest it and those who know about crypto currency for a long time prefer to invest it.

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Quote from: ahmadeed on February 28, 2024, 05:02:10 AM

What are the limits of Bitcoin’s rise... and is it a strong and consistent rise...

Always think of it that sky is the limit. That's why every cycle is different although not to break our anticipation, it's always best to think that it's going to be near the past ATH that it did. Consistency of it for every cycle is there, if you'll go ahead and study the 4-year cycle, you'd say and see that there's a consistent rise for the past years that has passed and that's what we're also expecting that's about to come.

Quote from: ahmadeed on February 28, 2024, 05:02:10 AM

and what are the most prominent implications of this rise and its most prominent results?

Implications? well, the price itself might be the discouragement of many that have missed it.
The prominent result? those that have listened about buying when it's low are going to enjoy it.
But these rises aren't going to last forever as there's always the cycle in the market. What we have to feel is that every time the cycle is in, we should also be in and won't miss that momentum.

aoluain

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Quote from: ahmadeed on February 28, 2024, 05:02:10 AM

What are the limits of Bitcoin’s rise...

Short term v Long term
Short term the limits are controlled by Bitcoins 4 year cycle. Bitcoin doesnt constantly rise, there are
ebb's and flow's, rise's and fall's, Bull and Bear markets within the cycle.

Quote from: ahmadeed on February 28, 2024, 05:02:10 AM

and is it a strong and consistent rise...

It depends on whether you zoom in or zoom out
Zoom in and you will see it is obviously not a strong and constant rise but zoom out to look at the
Bitcoin market from 2009 you will see Bitcoins ~~strong and~~ constant rise.

Quote from: ahmadeed on February 28, 2024, 05:02:10 AM

and what are the most prominent implications of this rise and its most prominent results?

I cant think of any IMPLICATIONS to Bitcoins rise other than people getting financially hurt from
FOMO and FUD when reacting to the markets.

all in all the OP's questions and any answers are very subjective.

bettercrypto

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Quote from: poodle63 on February 28, 2024, 11:52:23 PM

you know bitcoin supply is limited, arguably speaking every year it lost fair share of its supply due to maybe some minimal amount of bitcoin left in a wallet and being forgotten also people losing access to certain bitcoin.
so the prospect with bitcoin is good as long as the demand keep increasing and yes right now the demands are increasing year by year.
you can expect that maybe in a decade or at least when the mining reward from blocks reached 0 it will probably cost 1 million a bitcoin.
we are still really far from that yet we've already reached half of $100k in no time it will reach that target even many people out there and by i mean people are many CEO out there predicted that the price of bitcoin
is gonna be pumping as high as $200k this bullrun around remember that since decades ago we've proven that bitcoin always growing each cycle and there's no stopping it.

I get what you want to point out in the thing you are saying; in fact, most countries around the world are suffering from this right now. That's why we, as individuals, should know how to strategize on things that we know we can get other earnings from, not just from one source of income.

This is where entrepreneurship comes in, because most of us are poor people, and there are many people in today's stupid world who are struggling not only with one job, but as long as they can earn something else, they will do it because, due to the hardships of life or else, if you don't act or find another source of income, you will really lack.

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Quote from: ahmadeed on February 28, 2024, 05:02:10 AM

What are the limits of Bitcoin’s rise... and is it a strong and consistent rise... and what are the most prominent implications of this rise and its most prominent results?

Do you want to know in advance what it could be the ATH so you can sell exactly at that level? If that is your intention you can forget about it, no one really knows how high the price can go as this depends on the demand, and the more money is chasing the same number of coins the more money each coin is worth, this is not complex but we will not know how much of that money is actually coming to the market until it has happened already, and once that happens it is too late to take the optimal move of selling at the top.

EluguHcman

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Bitcoin started trading with a $0 as at 2009 of its invention and then it was on a valueless rate due to the poor rate of demands and supplies which is its faiths potentials of volatilities.
But as it keep trading the rate of investors began to adjust by embracing the crypto markets industry and a d so, the Coin began to have valuable rates in a gradual grades of $0.1-0.2 at 2010. Due to its system that the rate is in value is determined by its demands and supplies, the Bitcoin has surged to a dominance of this current value ratio boosted by a larger scale of the Demands and supplies.

OP, as you may know, the value of Bitcoin lies according to the value of the demands and supplies.

BD Technical

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After all there is a time limit and there is a limit in that case there is a bitcoin limit but no one knows that because currently the price of bitcoin is increasing so it seems that the price of bit corner will exceed 70 thousand rupees very soon because currently the mind situation is coming in the market, are you reliable token or any In fact understanding will help you if you invest. Give full confidence. And besides, currently, the market is getting new hope to come to the market of different places to increase the price of Bitcoin and new ones are coming in the market and the market is going back again and again as before. There is no limit to meet error limit when the price goes up and when it doesn't it will come down because it depends on the digital market you are in the market.

poodle63

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you know bitcoin supply is limited, arguably speaking every year it lost fair share of its supply due to maybe some minimal amount of bitcoin left in a wallet and being forgotten also people losing access to certain bitcoin.
so the prospect with bitcoin is good as long as the demand keep increasing and yes right now the demands are increasing year by year.
you can expect that maybe in a decade or at least when the mining reward from blocks reached 0 it will probably cost 1 million a bitcoin.
we are still really far from that yet we've already reached half of $100k in no time it will reach that target even many people out there and by i mean people are many CEO out there predicted that the price of bitcoin
is gonna be pumping as high as $200k this bullrun around remember that since decades ago we've proven that bitcoin always growing each cycle and there's no stopping it.

Xampeuu

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It depends on the enthusiasm of the world community for Bitcoin, but logically Bitcoin has good prospects for the future, especially now that only a few people believe in it, imagine if half the world's population used it, of course there would be more demand for Bitcoin. But even so, there is still a risk, because no one knows where Bitcoin will go next, therefore we are required to be smart investors to deal with it.

Darker45

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Bitcoin is something that is not enforced by powerful entities such as the government. It isn't fiat. It isn't based on an order. In this sense, it is subject to the free market. That's probably the main limit of Bitcoin. Its success is at the mercy of the public. If the people adopt it, then it will be successful. If they don't, there is nothing Bitcoin can do about it.

If you're asking this with Bitcoin's fiat value in mind, there might be none, although the rise will be a lot slower when it's already high.

STT

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Trading and fundamental prospects are two different things. What we have right now is a rapid change in price probably due to trading factors short term. The golden rule for prices is the larger time frames have a gravity that far surpasses the importance of shorter term pricing. If the price action is justified across multiple time frames then it matters far more as it might stick but a spike in pricing is not too rare, also that it will reverse alot of the gains quite frequently too before finding a longer term level of gains.

If we're talking economic prospects here rather then trading dynamics thats a different conversation and its more about actual propagation and integration into the wider economy. The amount of people actually using BTC is far more important then this recent news of ETF usage, that will in the end be about selling and buy orders probably in equal measure; it helps some but it cant be the main volume for BTC is an ETF that'd be an empty task. Market has to find its level in all this, the gains bring attention which brings more buying etc but it wont last like that continually.

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To what's happening right now with the current event of bitcoin, it may possibly be able to reach a new height, meaning the bitcoin might set another all-time high. Determinably, the demand for bitcoin right now is also high because of the hype all over the place, so what might happen to bitcoin after that? I hope those big investors will still hold their coins; if not, then expect a correction and a dip in the bitcoin price, but even if that happens, I'm sure the price will eventually return to normal. Sadly, I only have a few holdings of bitcoin, so the reward I will get is not too much, but profit is profit no matter what amount it is. Anyway, let's focus on how high bitcoin may become. Even right now, it's still climbing up and getting closer to its previous ATH. If it reaches and surpasses it, expect a bigger and more explosive new all over social media.

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Quote from: ahmadeed on February 28, 2024, 05:02:10 AM

What are the limits of Bitcoin’s rise... and is it a strong and consistent rise... and what are the most prominent implications of this rise and its most prominent results?

If you’re looking for consistency, then Bitcoin market isn’t the place to look. The market or any market at all is one that doesn’t grow to infinity, it’s got to have some corrections.
What do you think would be the case should Bitcoin or any other market keep growing without a pause or drop at some point. People would just come in to take what they want and leave and that’s it. This could mean the end of it all but no, Bitcoin isn’t like that and the pump you see today shouldn’t entice you much. The market would drop at some point and weak hands would be forced out, it’s a known fact.
The truth is, it would still rise so, you’ve got to have a clear vision and the necessary strategy to approach the market in other to archive set goals. You don’t have that, then you ain’t ready though, you could buy and hodl while, you learn.

Topic: Bitcoin prospects - page 4. (Read 907 times)