Bitcoin What is the probability of 60 K+ again? - page 5.

Oilacris

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Quote from: doomloop on May 24, 2023, 11:44:03 AM

Quote from: Ayers on May 22, 2023, 07:55:27 AM

Quote from: AnonBitCoiner on May 22, 2023, 04:55:34 AM

2022 was not a good year for all the crypto traders or investors but now it is 2023 and as we have experience high price from the start still now so there will be more increase in price this year. Sometimes the price get down but it never remains low forever so always be patience in those situations which cannot gives you any profit.

Those who invest for lengthy period of time have no worries about the ups and downs situations because they have keep in their mind that whenever they will have maximum return they will sell their bitcoin but will never take any step during harsh condition.

Not really, 2022 is the year I'm content with what I have and I think not only me but many long-term investors will love 2022, because we had a great time buying bitcoin at a low price compared to current prices. But on the contrary, many people are happy and excited to see bitcoin recover this year, while I feel like I missed out on something huge because I don't have enough time to buy more bitcoins under $20k. But that won't stop me from accumulating bitcoins for myself. I will keep accumulating until bitcoin exceeds 50k or as long as bitcoin stays below old ATH and I still have money Grin

.

The meaning of good and bad differs for every individual based on their preferences and intentions when it comes to the cryptocurrency market. If you are someone who has already bought their desired cryptocurrencies and have nothing left to buy more, you will obviously not like it if the market starts dropping after that since your portfolio will start dropping as well.

But, if you are someone who has been saving up and hasn't yet completed their shopping and your bag is still not full, you will love it if the market suddenly starts declining because you know you are going to get another opportunity to fill your bag.

Why we cant just all wait up for the things to happen? These things wont really be that much of an issue or something you would be reminding yourself if you are a type of person who do
hold up bitcoins for long term and even in doing some swing trades then it wouldnt really be that much of a bothersome but if you are really making out some scalping or daytrades then this is where
you do make yourself that mindful.It would really vary though because there are ones who are really that too mindful in every movement.

In speaking about 60k again then it would might take up some time, some been saying that we might be seeing this number of this year but im not really that believing that much
considering that we are really that slowly been moving but of course it is really just that we do have our own approach when it comes to things because it is really hard to make out some assumptions
on where prices could actually go.

Silberman

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Quote from: Joshapat on May 26, 2023, 05:33:04 AM

Many people are worried that the bitcoin price will not reach new ATH again, many are even pessimistic that it will not be able to touch $60k, this is the same as the issue that occurred at the end of 2018 and early 2019 when the bitcoin price was below $4000 and many said it was impossible to pass $10 k again, but facts make us optimistic that ATH will happen again soon.

This is a worry that does not really makes a lot of sense, the demand for bitcoin is increasing, the supply available to the miners will go down, whales are buying more of it, and finally the economy and the political climate around the world are getting worse, so if you think about it you can see that bitcoin will do well, it is just a matter of time before people realize that bitcoin is the best asset they can buy, and once they do the bull run will appear and it will allow us to reach a new all time high.

justdimin

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Quote from: Ayers on May 22, 2023, 07:55:27 AM

2022 is the year I'm content with what I have and I think not only me but many long-term investors will love 2022, because we had a great time buying bitcoin at a low price compared to current prices. But on the contrary, many people are happy and excited to see bitcoin recover this year,

In the start of this year, the price was still at $17k if I'm not mistaken. That was still a great buy and we also have this price last year although later on we quickly escalated. There are still down times that we experienced. Those who are late in the party should not be too ambitious but they can start investing now or else regret and ended up buying at a price which was higher than what we have now.

Quote from: Ayers on May 22, 2023, 07:55:27 AM

while I feel like I missed out on something huge because I don't have enough time to buy more bitcoins under $20k. But that won't stop me from accumulating bitcoins for myself. I will keep accumulating until bitcoin exceeds 50k or as long as bitcoin stays below old ATH and I still have money

Remember you said it earlier? I thought you are already contented. Being greedy is not a good thing. I think it will be better if you can sell your bag first when the bull run occurs and just set another bigger goals this time.

Joshapat

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Many people are worried that the bitcoin price will not reach new ATH again, many are even pessimistic that it will not be able to touch $60k, this is the same as the issue that occurred at the end of 2018 and early 2019 when the bitcoin price was below $4000 and many said it was impossible to pass $10 k again, but facts make us optimistic that ATH will happen again soon.

doomloop

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Quote from: Ayers on May 22, 2023, 07:55:27 AM

Quote from: AnonBitCoiner on May 22, 2023, 04:55:34 AM

2022 was not a good year for all the crypto traders or investors but now it is 2023 and as we have experience high price from the start still now so there will be more increase in price this year. Sometimes the price get down but it never remains low forever so always be patience in those situations which cannot gives you any profit.

Those who invest for lengthy period of time have no worries about the ups and downs situations because they have keep in their mind that whenever they will have maximum return they will sell their bitcoin but will never take any step during harsh condition.

Not really, 2022 is the year I'm content with what I have and I think not only me but many long-term investors will love 2022, because we had a great time buying bitcoin at a low price compared to current prices. But on the contrary, many people are happy and excited to see bitcoin recover this year, while I feel like I missed out on something huge because I don't have enough time to buy more bitcoins under $20k. But that won't stop me from accumulating bitcoins for myself. I will keep accumulating until bitcoin exceeds 50k or as long as bitcoin stays below old ATH and I still have money Grin

.

The meaning of good and bad differs for every individual based on their preferences and intentions when it comes to the cryptocurrency market. If you are someone who has already bought their desired cryptocurrencies and have nothing left to buy more, you will obviously not like it if the market starts dropping after that since your portfolio will start dropping as well.

But, if you are someone who has been saving up and hasn't yet completed their shopping and your bag is still not full, you will love it if the market suddenly starts declining because you know you are going to get another opportunity to fill your bag.

Ojima-ojo

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Quote from: Sundori-keru on January 06, 2023, 10:44:47 PM

2022 In 22 trade I have never had to accept so many losses since the advent of cryptocurrencies.Those who are mainly dependent on trade are now on the verge of destitution.Before 2022, it seems that trading has not suffered so much loss2022 is a cursed year for traders.If anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.

Some year's are bear market years and 2022 happens to be one of such years, and this is not peculiar to that year alone but every other bear market year such as
2017-2018 bear markets, so for that what you need to do is to have an accurate DCA model that helps you catch the edge at whatever point.

Bitcoin have undergone a lot of changes in market lately such changes in price can be influence by a couple of incidence or news that impact the price at whatever directions.

flyingcarpet

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Quote from: Sundori-keru on January 06, 2023, 10:44:47 PM

2022 In 22 trade I have never had to accept so many losses since the advent of cryptocurrencies.Those who are mainly dependent on trade are now on the verge of destitution.Before 2022, it seems that trading has not suffered so much loss2022 is a cursed year for traders.If anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.

Many people experience this situation that you experience in the crypto market or other markets. I am not very knowledgeable about other markets, but it would not be wrong to say for the crypto market and especially for Bitcoin, Bitcoin has always made a new ATH in certain period intervals. Bitcoin will do it again. If you have the economic conditions to wait in the meantime, I can be happy for you, if you are not, I want you to know that there are many people like you.

indah rezqi

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Quote from: Nrcewker on May 22, 2023, 07:49:37 AM

Everything depends on the demand raised by the buyers. As we know Bitcoins are limited in number, that is no more Bitcoins can be created or destroyed, hence Bitcoins are very rare.

Even bitcoin can become increasingly rare due to user errors such as losing wallets or access to their wallets. Bitcoin will forever reside on the blockchain without being transferable, that will create even more rare.

Quote from: Nrcewker on May 22, 2023, 07:49:37 AM

So now if the demand to accumulate Bitcoins increases among the traders, then definitely in order to meet the demand of the traders, the price will go up. In the starting of the year, Bitcoins showed positive vibe, but lately it’s crashing in the prices, so yes lets see what happens at the end of June, then we can properly estimate where Bitcoins will go in this year.

I believe that bitcoin has been on a recovery stage so far even though over the last few weeks it has been correcting in price. The bitcoin price will improve further ahead of the halving due to increased demand, but of course that should happen gradually from now on.

I certainly don't know for sure what the probability of bitcoin to reach $60k this year is, it could be low as has been analyzed but something could change due to supply and demand. Until now everyone was just doing their best and maintaining optimism about the future of bitcoin, but what is clear at this point is that it is advisable to accumulate as many bitcoin as possible.

Ayers

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Quote from: AnonBitCoiner on May 22, 2023, 04:55:34 AM

2022 was not a good year for all the crypto traders or investors but now it is 2023 and as we have experience high price from the start still now so there will be more increase in price this year. Sometimes the price get down but it never remains low forever so always be patience in those situations which cannot gives you any profit.

Those who invest for lengthy period of time have no worries about the ups and downs situations because they have keep in their mind that whenever they will have maximum return they will sell their bitcoin but will never take any step during harsh condition.

Not really, 2022 is the year I'm content with what I have and I think not only me but many long-term investors will love 2022, because we had a great time buying bitcoin at a low price compared to current prices. But on the contrary, many people are happy and excited to see bitcoin recover this year, while I feel like I missed out on something huge because I don't have enough time to buy more bitcoins under $20k. But that won't stop me from accumulating bitcoins for myself. I will keep accumulating until bitcoin exceeds 50k or as long as bitcoin stays below old ATH and I still have money Grin

.

Nrcewker

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Quote from: FUCKBSVFUCK on May 02, 2023, 11:14:54 AM

The probability of 60 K+ is very low, it can be calculated by dividing the number of coins that have been traded at the time of the market movement.

In my opinion, this is the most likely scenario.

Everything depends on the demand raised by the buyers. As we know Bitcoins are limited in number, that is no more Bitcoins can be created or destroyed, hence Bitcoins are very rare. So now if the demand to accumulate Bitcoins increases among the traders, then definitely in order to meet the demand of the traders, the price will go up. In the starting of the year, Bitcoins showed positive vibe, but lately it’s crashing in the prices, so yes lets see what happens at the end of June, then we can properly estimate where Bitcoins will go in this year.

Paul Pogba

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Quote from: FUCKBSVFUCK on May 02, 2023, 11:14:54 AM

The probability of 60 K+ is very low, it can be calculated by dividing the number of coins that have been traded at the time of the market movement.

In my opinion, this is the most likely scenario.

I think so, the current market conditions are very difficult because many people immediately take profit or sell when they get profit, I have friends who are bitcoin traders and when the price goes up or profit is 3%, he immediately sells and then waits for the price to fall again to buy, thing this is what makes it difficult for the price to reach $ 60k this year, if the price can return to $ 40k then that would be a good thing.

AnonBitCoiner

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2022 was not a good year for all the crypto traders or investors but now it is 2023 and as we have experience high price from the start still now so there will be more increase in price this year. Sometimes the price get down but it never remains low forever so always be patience in those situations which cannot gives you any profit.

Those who invest for lengthy period of time have no worries about the ups and downs situations because they have keep in their mind that whenever they will have maximum return they will sell their bitcoin but will never take any step during harsh condition.

FUCKBSVFUCK

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The probability of 60 K+ is very low, it can be calculated by dividing the number of coins that have been traded at the time of the market movement.

In my opinion, this is the most likely scenario.

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Timing market movements or the precise price at which an asset like Bitcoin will rise or fall is difficult to foresee. The cryptocurrency market is notoriously unpredictable, since it may be shaken by unexpected shifts in public opinion, government policies, and other reasons.

Always keep in mind that trading crypto or any other asset comes with its own set of dangers and that you should expect to endure losing streaks. A well-diversified portfolio and risk management approach tailored to your investment objectives and risk tolerance is essential.

As an alternative to reacting to small price changes, traders should try thinking in the long term. This may help investors keep their emotions in check during market swings and instead concentrate on the underlying value of their holdings. In order to make better selections, it is also vital to keep up with the newest trends and developments in the crypto business, such as legislative changes.

It's also vital to remember that the past is no predictor of the future. Before making any major investments, it is wise to speak with a financial counselor.

Best regards

wxa7115

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Quote from: laurenB7742 on January 12, 2023, 09:20:21 PM

Quote from: NicNacCoin on January 12, 2023, 03:15:55 PM

The year 2022 has given every investor and trader a heart attack. When Bitcoin was at its peak in 2021, people thought Bitcoin might never be dumped again. People have invested and traded there the most. Then came the 2022 cryptocurrency disaster. Every investor and trader lost a third of their funds in 2022. In 2022, those who do futures trading have lost the most money. No trader has lost so much money in the past years. I have passed that disastrous year 2022. We see the Bitcoin market going well into 2023. But expect the Bitcoin market to occupy a good position in 2023.

Only newbies believe it, but those who have experienced at least one bear season in 2018, they know that 2022 will be a year of bitcoin dumping. It should be noted that Bitcoin is a volatile asset, therefore you should never expect that bitcoin will never be dumped, the bull market cannot last forever. I don't know of any investor having a heart attack when bitcoin drops, but to me it's a real joy because if bitcoin doesn't drop it's almost not profitable to buy bitcoin at a high price.

Without a doubt traders and investors which have been around the market for a time period of less than two years are suffering tremendously due to the intensity of the bear market.

But make no mistake anyone that had already suffered a bear market before did not suffer in the same way as them, as once you know what you will have to face then it is easy to prepare yourself and not suffer as much as during your first time experimenting a bear market, so while traders and investors with a lot of experience still lost money they could reduce their losses significantly by doing the right moves at the right time.

laurenB7742

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Quote from: NicNacCoin on January 12, 2023, 03:15:55 PM

The year 2022 has given every investor and trader a heart attack. When Bitcoin was at its peak in 2021, people thought Bitcoin might never be dumped again. People have invested and traded there the most. Then came the 2022 cryptocurrency disaster. Every investor and trader lost a third of their funds in 2022. In 2022, those who do futures trading have lost the most money. No trader has lost so much money in the past years. I have passed that disastrous year 2022. We see the Bitcoin market going well into 2023. But expect the Bitcoin market to occupy a good position in 2023.

Only newbies believe it, but those who have experienced at least one bear season in 2018, they know that 2022 will be a year of bitcoin dumping. It should be noted that Bitcoin is a volatile asset, therefore you should never expect that bitcoin will never be dumped, the bull market cannot last forever. I don't know of any investor having a heart attack when bitcoin drops, but to me it's a real joy because if bitcoin doesn't drop it's almost not profitable to buy bitcoin at a high price.

Fundamentals Of

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Quote from: Yaunfitda on January 11, 2023, 10:40:51 PM

Quote from: Fundamentals Of on January 11, 2023, 09:01:24 PM

-snip-

And it's probably not for everyone, trading is not that simple, although we here people making huge amount of profits, it might be a different story for you or for many of us here. That's why I believed that it's not cut for everyone, and it's better to just buy at the bear market and accumulate, do DCA till the next bull run and you will be good and perhaps you can make a lot of money that way compared to trading itself. And with that $60k question, yeah, probably in the next bull run we will see that price again and who knows, we might double or triple that price as a new all time high in 2024-2025 run.

Trading is only good and stress-free during the bull season. Everybody is a good trader when prices are all in green. But during the bear season when everything is covered in red, trading isn't fun. Bull season traders will quit. Only those who really know and understand trading remains. I was one of those who quit. Lol. I found out hodling is much better and easier. No hassle at all. We just have to make sure our money is safe. If you can add DCA to hodling, that would be much better. That's the ideal even.

Mahanton

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Quote from: Sundori-keru on January 06, 2023, 10:44:47 PM

2022 In 22 trade I have never had to accept so many losses since the advent of cryptocurrencies.Those who are mainly dependent on trade are now on the verge of destitution.Before 2022, it seems that trading has not suffered so much loss2022 is a cursed year for traders.If anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.

If you are that an active trader or do make out some daytrades or scalps then no matte on what would be the trend then it wouldnt really be that an issue as long your SL's arent hit and liquidated then you do still have the chance on holding up unless if you do make use of it then there's no way you could recover it out.For those holders then this current price condition where everything is still cheap then its not a bad idea
to make yourself to hold up those positions.When you are a holder then this is the sweet spot on making yourself that accumulating cheap coins.
We could observed on how worst a particular would be but it doesnt mean that we wont be seeing some sunshine on upcoming years to come.

darkangel11

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Quote from: OgNasty on January 12, 2023, 12:40:55 PM

However, if it's a probability you want, I would put the probability of Bitcoin hitting $60K again in it's lifetime at about 80%.

I'm much more bullish than that.

60k before 2024? Extremely low. I'd give it maybe 5%
60k in 2024? at least 50% maybe more
60k in 2025 or 2026? IMO at least 95% chance. I'd say we'll get to 100k before the end of 2026.

I could bet a lot on bitcoin at this point, I know it will succeed given enough time. The only thing that I'm not so sure about is the time frame. It can take even 5-6 years for it to reach 100k, but I just know it will.

NicNacCoin

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Quote from: Sundori-keru on January 06, 2023, 10:44:47 PM

2022 In 22 trade I have never had to accept so many losses since the advent of cryptocurrencies.Those who are mainly dependent on trade are now on the verge of destitution.Before 2022, it seems that trading has not suffered so much loss2022 is a cursed year for traders.If anyone has any idea on when bitcoin position will turn please share it will save many traders like me from losing.

The year 2022 has given every investor and trader a heart attack. When Bitcoin was at its peak in 2021, people thought Bitcoin might never be dumped again. People have invested and traded there the most. Then came the 2022 cryptocurrency disaster. Every investor and trader lost a third of their funds in 2022. In 2022, those who do futures trading have lost the most money. No trader has lost so much money in the past years. I have passed that disastrous year 2022. We see the Bitcoin market going well into 2023. But expect the Bitcoin market to occupy a good position in 2023.

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