Bitcoin way forward - Towards $100k or $50k

Kemarit

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Quote from: bitgolden on May 07, 2024, 07:22:04 AM

Quote from: Mame89 on May 02, 2024, 05:16:20 AM

It is very difficult to predict the current price of Bitcoin because this halving is different from the previous halving. Bitcoin price reached a new ATH before the halving occurred. This is different from the previous halving where we knew there would be a new ATH after the halving occurred. There are currently no signs of a bullish bullish pattern taking hold, so this may be a false bull run to attract buyers before another drop occurs.

For now, don't enter the trade using all the money blindly without any strategy. However, still make purchases using the DCA method because rest assured there is always an opportunity to make a profit in Bitcoin and this opportunity will certainly never end. Even though currently the price of bitcoin is at $57k, I am sure bitcoin will reach $100k within this year, we just need to be patient and continue doing DCA on bitcoin. I hope that all of us here can be free from modern slavery and can achieve financial freedom.

I do agree that it's a risky period and trading right now is not easy, those are all very well established stuff and I am sure that we are going to do better. What I think we will need is the fact that we are going to end up with a good result that will not be too simple, we just need to make sure that we know what we are doing before we get to do any of this.

It's not that complicated though, yeah there are risk period and we all know that. Involving ourselves in Bitcoin takes a lot mentally, and it's more of the money. We need to be smart when to enter the market and then continuously buying at a rate, which what we call DCA.

Quote from: bitgolden on May 07, 2024, 07:22:04 AM

It is not a simple situation, but if we can do it then we are going to manage to make as much profit from crypto as we can, only thing we need is time and patience, if we can wait for it then we are going to be able to make some good profit from it as well. I personally hope that things will go better, and could end up with something much more profitable in the end as well.

But after we get over with it, it will be simply, just repeat the process. Bu then again, it's the patience and then we need to set our goals, and the best advise is to go long term or continue to invest at least one full cycle in this market and see how it goes for you. If you feel that this market is for you, then go and have a journey. But if you felt that you need more time, maybe you need to go to another test.

stomachgrowls

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Quote from: bitgolden on May 07, 2024, 07:22:04 AM

Quote from: Mame89 on May 02, 2024, 05:16:20 AM

It is very difficult to predict the current price of Bitcoin because this halving is different from the previous halving. Bitcoin price reached a new ATH before the halving occurred. This is different from the previous halving where we knew there would be a new ATH after the halving occurred. There are currently no signs of a bullish bullish pattern taking hold, so this may be a false bull run to attract buyers before another drop occurs.

For now, don't enter the trade using all the money blindly without any strategy. However, still make purchases using the DCA method because rest assured there is always an opportunity to make a profit in Bitcoin and this opportunity will certainly never end. Even though currently the price of bitcoin is at $57k, I am sure bitcoin will reach $100k within this year, we just need to be patient and continue doing DCA on bitcoin. I hope that all of us here can be free from modern slavery and can achieve financial freedom.

I do agree that it's a risky period and trading right now is not easy, those are all very well established stuff and I am sure that we are going to do better. What I think we will need is the fact that we are going to end up with a good result that will not be too simple, we just need to make sure that we know what we are doing before we get to do any of this.

It is not a simple situation, but if we can do it then we are going to manage to make as much profit from crypto as we can, only thing we need is time and patience, if we can wait for it then we are going to be able to make some good profit from it as well. I personally hope that things will go better, and could end up with something much more profitable in the end as well.

Trading is never been easy in the first place on which it would be something that not everyone would really be able to deal or be able to handle it out. This is why it would really be just that better that you should really be that taking up on what are the risks involved on the time that you had stepped your foot into the market.There's no way that we could really be able to predict on where it would be going whether 100k or 50k then there's no one on this world would really be able to make themselves to predict on where it would be heading. This is why the important thing on here is that you do really know when to get in and on when to get out.
This market cant really be predicted and this is why not all would really be making money and this is why tons could really experience loses of their investment. Results would really be that different to each person or trader because actions would really vary.

bitgolden

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Quote from: Mame89 on May 02, 2024, 05:16:20 AM

It is very difficult to predict the current price of Bitcoin because this halving is different from the previous halving. Bitcoin price reached a new ATH before the halving occurred. This is different from the previous halving where we knew there would be a new ATH after the halving occurred. There are currently no signs of a bullish bullish pattern taking hold, so this may be a false bull run to attract buyers before another drop occurs.

For now, don't enter the trade using all the money blindly without any strategy. However, still make purchases using the DCA method because rest assured there is always an opportunity to make a profit in Bitcoin and this opportunity will certainly never end. Even though currently the price of bitcoin is at $57k, I am sure bitcoin will reach $100k within this year, we just need to be patient and continue doing DCA on bitcoin. I hope that all of us here can be free from modern slavery and can achieve financial freedom.

I do agree that it's a risky period and trading right now is not easy, those are all very well established stuff and I am sure that we are going to do better. What I think we will need is the fact that we are going to end up with a good result that will not be too simple, we just need to make sure that we know what we are doing before we get to do any of this.

It is not a simple situation, but if we can do it then we are going to manage to make as much profit from crypto as we can, only thing we need is time and patience, if we can wait for it then we are going to be able to make some good profit from it as well. I personally hope that things will go better, and could end up with something much more profitable in the end as well.

btc_angela

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Quote from: Bd officer on May 03, 2024, 12:30:58 PM

Quote from: kentrolla on March 29, 2024, 02:34:14 PM

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

The way the price of bitcoin started falling I thought that bitcoin might come down to $50k but now the market has started to rise again now the price of bitcoin is 61k plus. Currently, it is very difficult to understand by looking at the market, whether the price of Bitcoin will not decrease or will start to increase a lot. But I don't think Bitcoin price will come down to $50k dollars. No one can say exactly when the bull run will start but hopefully the bull run may start by the end of this year or next year. Hopefully if the Bullrun starts then Bitcoin can hit $100k by the end of this year or next year. No one can accurately predict the price of Bitcoin.

Same impression here, when we went down to $57k, I thought about this thread and I say that OP might have seen what's going to happen as we might go down deep to $50k. But now, the price has bounce back to $64k and what a recovery by the market.

Although it might have some investors getting nervous about the price going down, but it has recovered already so we might sleep very well at night moving forward. And this could be the start of what we are all been wanting to see, a bitcoin bull run this year and looking for 6 digit price range.

wmaurik

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Quote from: Riginac111 on May 03, 2024, 03:12:49 PM

that is why I always say that bitcoin price is unpredictable for the price always increase and fall as nobody Knows When the price increases because it's not controllable so what I'm trying to advise people who do invest in cryptocurrency and they mostly for Bitcoin is that invest to what you can afford to lose because he may think that the price of Bitcoin will be going up up why the price will be decreasing so it has been the nature and the system bitcoin operate for long time

In fact, when it comes to investing, it's not about how much money we can afford to lose, but rather how much cold money we don't use in other businesses where the money would be more suitable for us to use in investments. So we won't feel worried about falling prices in the market, especially if what we invest in is Bitcoin, which historically has looked quite better even though there have been drops and increases in prices in the market. Because new investors always feel worried about falling prices and also regret when there is an increase in prices after they sold early or didn't buy at a low price.

Riginac111

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Quote from: kentrolla on March 29, 2024, 02:34:14 PM

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

that is why I always say that bitcoin price is unpredictable for the price always increase and fall as nobody Knows When the price increases because it's not controllable so what I'm trying to advise people who do invest in cryptocurrency and they mostly for Bitcoin is that invest to what you can afford to lose because he may think that the price of Bitcoin will be going up up why the price will be decreasing so it has been the nature and the system bitcoin operate for long time

Fatunad

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Quote from: Bd officer on May 03, 2024, 12:30:58 PM

Quote from: kentrolla on March 29, 2024, 02:34:14 PM

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

The way the price of bitcoin started falling I thought that bitcoin might come down to $50k but now the market has started to rise again now the price of bitcoin is 61k plus. Currently, it is very difficult to understand by looking at the market, whether the price of Bitcoin will not decrease or will start to increase a lot. But I don't think Bitcoin price will come down to $50k dollars. No one can say exactly when the bull run will start but hopefully the bull run may start by the end of this year or next year. Hopefully if the Bullrun starts then Bitcoin can hit $100k by the end of this year or next year. No one can accurately predict the price of Bitcoin.

There are even those speculations that circles around that it might be going down again on 50k below or the worst maybe 48k then 42k but the price didnt hit up that low or we might be seeing some fake pump on here before disaster happens? No one could really be able to know on whats happening in the market today on which we know that its always been that unpredictable and there's no way that we could really be able to tell on where it would be heading. Somewhat with the use of those indicators plus having those fundamentals around then you could really be able to assume out that it might be this and that but actually no one really knows on what could happen on the next minute,days or weeks or months. The important thing on here is that you do really know on what you should gonna do on the time that the market will really be going up and down.
Whether you would really be holding up your position or you would really be making out such DCA's or whatsoever that you could really be able to think off with.

Bd officer

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Quote from: kentrolla on March 29, 2024, 02:34:14 PM

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

The way the price of bitcoin started falling I thought that bitcoin might come down to $50k but now the market has started to rise again now the price of bitcoin is 61k plus. Currently, it is very difficult to understand by looking at the market, whether the price of Bitcoin will not decrease or will start to increase a lot. But I don't think Bitcoin price will come down to $50k dollars. No one can say exactly when the bull run will start but hopefully the bull run may start by the end of this year or next year. Hopefully if the Bullrun starts then Bitcoin can hit $100k by the end of this year or next year. No one can accurately predict the price of Bitcoin.

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Quote from: AnonBitCoiner on May 01, 2024, 05:07:37 AM

Quote from: Nothingtodo on April 26, 2024, 04:56:36 PM

Before the Bitcoin halving it looked like maybe the Bitcoin market would go over $100k after the Bitcoin halving. But after the Bitcoin halving, Bitcoin tends to decrease rather than increase. Bitcoin is currently at 63 thousand dollars and from here Bitcoin can take two types of turning especially if the price increases then it can go to 100k dollars and if the price of Bitcoin decreases it can go down to 50 thousand dollars.

When the price hit 73k$ then everyone was happy and was assuming that the price would hit 100k$ but now it seems that price will take time to hit 100k$ and is not an easy achievement. People are making mistakes that when they see regular pumping then they start to invest more and more but they don't remember that such a pump can also stop immediately.

Price movement is unpredictable but after halving it does not change a lot and persists at 63k$ for longer time so I think instead of going down it will pump and will steadily move towards 100k$ with a little bit of dumping price.

I believe everyone understands and is aware of that, but when the market is too excited and Fomo is at its maximum, you will be carried away by the crowd mentality and cannot easily escape.

I believe that with bitcoin continuously increasing in price for many months and continuously peaking, most people know that a bitcoin correction is inevitable. But investment psychology and greed do not allow us to stop until it is too late. Only when everything is over do we realize our mistakes.

It sounds easy to say, but I bet you have been in that situation, and will continue to be in that situation in the future when bull season comes. It's not easy to stop our greed when we're in a crazy bull market. That's why the financial market doesn't have too many winners, most will lose because controlling greed is not as easy as we say.

wmaurik

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Quote from: ArumiBTC on April 28, 2024, 09:12:34 PM

I wonder what "valid" means?. See, the chart is not always working aligned with news and analyst is as clueless as a regular person. Warren Buffett once famously said that even a monkey could pick stocks and predict the market with a 50% success rate.
My action in the uncertainty is risking less than 10% of my portfolio and only buying at the lowest price of a monthly candle. Other than that, stay USDT.

If you believe in Warren Buffett, you can follow what he says, but you also have to check whether he really likes Bitcoin investment. Because if it's just about investing in shares, I think you will find something more different when you start to believe in yourself to invest in Bitcoin after you find more knowledge to know more about Bitcoin. The Bitcoin price graph is not always in line with what analysts think, because if the graph can be in line with their thoughts, of course they will get rich more easily through investment and also through trading in the market.

But you don't need to be afraid of the price chart not being in line with the minds of many people as long as you have enough confidence in investing in Bitcoin for the long term. Because in any investment, apart from having to have money, each person must also have the courage and knowledge that is really needed. So that every investor does not only move based on other people's words regarding any investment, but rather based on their own intentions and beliefs regarding what they will choose to invest in in the long term.

Mame89

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Quote from: AirtelBuzz on April 24, 2024, 07:04:20 AM

Quote from: kentrolla on March 29, 2024, 02:34:14 PM

I know no one can speculate or predict it accurately.

The exact price movement of Bitcoin may be impossible for any of us to predict. We who are small investors when we see that the price of Bitcoin is increasing we think that the price of Bitcoin will reach a very high level very soon. Again, when we see the price of Bitcoin temporarily falling, we think that the price of Bitcoin may go much lower. We all know that half of Bitcoin is already complete. Before this Bitcoin halving was organized, many predicted that the price of Bitcoin could reach $100k and many commented that the price of Bitcoin could fall to $50,000. None of these people's predictions came true as Bitcoin is now at $66,000. Now everyone is predicting or predicting that bitcoin price will reach 100k dollars but it needs time.

Yes that's right. It is very difficult to predict the current price of Bitcoin because this halving is different from the previous halving. Bitcoin price reached a new ATH before the halving occurred. This is different from the previous halving where we knew there would be a new ATH after the halving occurred. There are currently no signs of a bullish bullish pattern taking hold, so this may be a false bull run to attract buyers before another drop occurs.

For now, don't enter the trade using all the money blindly without any strategy. However, still make purchases using the DCA method because rest assured there is always an opportunity to make a profit in Bitcoin and this opportunity will certainly never end. Even though currently the price of bitcoin is at $57k, I am sure bitcoin will reach $100k within this year, we just need to be patient and continue doing DCA on bitcoin. I hope that all of us here can be free from modern slavery and can achieve financial freedom.

TravelMug

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Quote from: btc_angela on April 26, 2024, 05:03:28 PM

Quote from: Nothingtodo on April 26, 2024, 04:56:36 PM

Quote from: kentrolla on March 29, 2024, 02:34:14 PM

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

Before the Bitcoin halving it looked like maybe the Bitcoin market would go over $100k after the Bitcoin halving. But after the Bitcoin halving, Bitcoin tends to decrease rather than increase. Bitcoin is currently at 63 thousand dollars and from here Bitcoin can take two types of turning especially if the price increases then it can go to 100k dollars and if the price of Bitcoin decreases it can go down to 50 thousand dollars.

It's because of the news about the approval of Bitcoin Spot ETF that pushes the price to a new all time high. Now it settled down, but no worries, halving is done and it's just a matter of time before the price goes on a parabolic rise.

Yes, it is still at $63k, but that is obviously very high still after the halving, and it seems though that after a week, price has settled down a bit with no movement at all. But it doesn't mean that we won't be seeing any action. It's just the investors might be holding back for now. We just need that one good news to get the market going again and most likely it will come in the next couple of months and my prediction is that after the end of the month we might see 6 digits for the first time.

The same thing is happening, as per there are another thread about the Hongkong spot bitcoin ETF approval and it says that we might see the same cycle as the US. When we heard about the US approval, we thought that the price will go up immediately, unfortunately it did not. We have to wait for several months before we can actually see the impact of the approval. And so there is this thought that it might be the same with the Hongkong approval although the market in Hongkong is not as big as the US. Regardless though of what is happening around, this is just a big test for us again. Price is below $60k now, and it could down as low as $50k was what the OP could have though after the halving.

Dave1

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And now it looks like the pattern that the OP put here might be emerging, and base on the response including myself, I doubt that $50k might be reach. But today, we've seen fluctuations as long as $56k and then moving forward to $60k.

It's seems that we are in bear market after the halving?

Or it is just the market is not reacting to any as there are no positive news but instead we will go on another downward trend?

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Quote from: Nothingtodo on April 26, 2024, 04:56:36 PM

Before the Bitcoin halving it looked like maybe the Bitcoin market would go over $100k after the Bitcoin halving. But after the Bitcoin halving, Bitcoin tends to decrease rather than increase. Bitcoin is currently at 63 thousand dollars and from here Bitcoin can take two types of turning especially if the price increases then it can go to 100k dollars and if the price of Bitcoin decreases it can go down to 50 thousand dollars.

When the price hit 73k$ then everyone was happy and was assuming that the price would hit 100k$ but now it seems that price will take time to hit 100k$ and is not an easy achievement. People are making mistakes that when they see regular pumping then they start to invest more and more but they don't remember that such a pump can also stop immediately.

Price movement is unpredictable but after halving it does not change a lot and persists at 63k$ for longer time so I think instead of going down it will pump and will steadily move towards 100k$ with a little bit of dumping price.

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Quote from: Nanga Parbat on April 29, 2024, 03:21:36 AM

And currently the price of Bitcoin is trading at 63k to 62k . Looking at there this acceleration there is no possiblity of Bitcoin going up , but the chance of going down are high. If you look fundamentally there is no bed news so far that makes us think that Bitcoin and nation will go because if you look at the price of Ethereum it has formed its strong resistance , Bitcoin and Ethereum have their own movement but from their price we can make a little guess.

It doesn't happen, because its not there yet. We are thinking that halving is something that does take a bit of time and by the end of this year we are going to see a big increase. Check the increases after halving in 2014 and in 2021 as well, those two years had a great increase and I believe that we are going to have the same, which by the way happened in 2017 as many people know as well. So that means, by the end of this year the price increases and next year the price reaches to peak points as well.

So, I believe we could see 100k by December, and 150k+ by next year march or April as well, that is the most important part. I think the return on investment for someone who puts money now, could be x2 or x3 in a year, which is why its a great time to put money into.

STT

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50k is more likely, its closer if nothing else, in the next few days to a week you might be able to find out which way and if 50k is where we are being drawn to. Since February we've only gone to this pricing of 63k or lower then retracted back upwards to resume the same range over and over again. Its really hard to know which way we go but we can fairly certainly define the boundary edges to our range of movement over the last few months and this area is right at the lowest we should go if on a reasonable course higher.

The spikey candles on the weekly bar are what indicates this boundary, I guess think of it as an electric fence. The cattle that trade this market can trample the fence if they rush forward but so far all we did was creep upto this boundary range then sharply recoil back higher, look for a change in that behavior.

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Quote from: Nothingtodo on April 26, 2024, 04:56:36 PM

Before the Bitcoin halving it looked like maybe the Bitcoin market would go over $100k after the Bitcoin halving. But after the Bitcoin halving, Bitcoin tends to decrease rather than increase.

Everyone was expecting Bitcoin to hit 100k after the halving, but that doesn't seem to be happening.As before halving the price if Bitcoin went up very quickly and if Bitcoin had made its strong resistance at 73k it might have seen going to 100k .

Quote

Bitcoin is currently at 63 thousand dollars and from here Bitcoin can take two types of turning especially if the price increases then it can go to 100k dollars and if the price of Bitcoin decreases it can go down to 50 thousand dollars.

And currently the price of Bitcoin is trading at 63k to 62k . Looking at there this acceleration there is no possiblity of Bitcoin going up , but the chance of going down are high. If you look fundamentally there is no bed news so far that makes us think that Bitcoin and nation will go because if you look at the price of Ethereum it has formed its strong resistance , Bitcoin and Ethereum have their own movement but from their price we can make a little guess.

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Quote from: Nothingtodo on April 26, 2024, 04:56:36 PM

Quote from: kentrolla on March 29, 2024, 02:34:14 PM

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

Before the Bitcoin halving it looked like maybe the Bitcoin market would go over $100k after the Bitcoin halving. But after the Bitcoin halving, Bitcoin tends to decrease rather than increase. Bitcoin is currently at 63 thousand dollars and from here Bitcoin can take two types of turning especially if the price increases then it can go to 100k dollars and if the price of Bitcoin decreases it can go down to 50 thousand dollars.

Prior to the Bitcoin halving, some investors were quite enthusiastic about investing in Bitcoin, investing in it for short-term profits. They are trying to change their attitude after Halving happened. Currently it is trading near privious ATH in the market but due to little volatility among the investors it is not possible to get expected results yet. It is not the case that the Bitcoin price will be bullish immediately after the halving. Look at Bitcoin history where Bitcoin has been bullish for quite some time after Halving.

Currently, according to our expectations, the Bitcoin price is more likely to reach 100K. But when there is a slight price correction, some investors' disbelief leads the market to fall further. As per current market conditions we have no risk of Bitcoin price going to 50k. Though anything can happen at any time.

ArumiBTC

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Quote from: kentrolla on March 29, 2024, 02:34:14 PM

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

I wonder what "valid" means?. See, the chart is not always working aligned with news and analyst is as clueless as a regular person. Warren Buffett once famously said that even a monkey could pick stocks and predict the market with a 50% success rate.
My action in the uncertainty is risking less than 10% of my portfolio and only buying at the lowest price of a monthly candle. Other than that, stay USDT.

Sexylizzy2813

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Quote from: kentrolla on March 29, 2024, 02:34:14 PM

In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k but quickly it rebounded back and crossed $71k once again and now it just under $70k. What do you think would be the next zone, will Bitcoin rally towards the long awaited $100k mark or dip towards $50k? I know no one can speculate or predict it accurately but just share your thoughts with any valid reasons behind it.

I'd call this period the panic period, you have to see Bitcoin price go against the expected amount as it was suppose to hit $80k and above but you see it dropping at a fast speed, it made some to have that fear that Bitcoin price is going back down to $40k and some even have to sell because of the dear of losing. I feel is just for the time being and the market price would make a new turn back to the ATH which is $73k but as for $100k it won't be now or maybe lose to the end of this year, it depends on how fast Bitcoin price is but for now it is either $69k to $75k.

Topic: Bitcoin way forward - Towards $100k or $50k (Read 1352 times)