Topic: Bitcoin What is the probability of 60 K+ again? - page 6. (Read 1387 times)
Personally, I think it's already a done deal. 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%. At this point I think it would take a great deal of regulation, hacks, and competition for Bitcoin to slow it's growth. Even though people hate it now because of it's recent price performance, a whole lot of people are now signed up to sites like Coinbase with their bank accounts already linked... The next run up could be absolutely incredible. I think it will be the first bubble where everyone is already ready and knows what to do.
Personally, I expect 2023 to be better than 2022, but don't expect much. 2022 was the worst, and I expect prices to start to recover with the start of the new year.
I do not expect to see significant price growth until the end of this year, after which we can see important movements for Bitcoin and the market in general.
So the best thing is to invest for the long term and follow the DCA strategy because we may not see these good buying prices again.
Nice to see people like you who are still optimistic on the current year because when I look around almost all of them thinks that 2023 is going to be the same with 2022. Well for me, I am also optimistic about this year. For me every new year is a new beginning and I always expect great things to happen not only limited here in cryptos but also in the real world and to myself.I do not expect to see significant price growth until the end of this year, after which we can see important movements for Bitcoin and the market in general.
So the best thing is to invest for the long term and follow the DCA strategy because we may not see these good buying prices again.
Given that you are already positive, then why limit yourself? Why not push it more and hope that there will be a major recovery which can then lead to a bull run? DCA is great for long-term investors but not all of us have the patience. It's still possible to profit even if you are only a short-term investor or a trader.
We all want to make profits, no one wants to lose, so I think people are pessimistic for a reason, but no one wants the market to fall forever. I also do not have high expectations for this year because related situations such as the economy have not changed much or the halving is still quite far away, so the expectation of price increase this year is very fragile. If it doesn't live up to our expectations, it will only frustrate us more. So I won't put too much expectation, even though bitcoin is over 18k$ now, I still doubt and dare not believe this is bitcoin's recovery.
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.
Bear market is a very risky market for traders, if you have lost a lot and you know that it is tough to make a profit at the moment. I think you should stop and change your strategy so that you can make a profit instead of continuing to lose. If you switch to holding instead of trading for the time being, holding will give you the opportunity to recover your trading losses. I'm not saying you should give up trading but wait until the market is better, then come back and for now focus on holding that will be good for you.
I personally have great respect for Traders because I know it is not easy to make a successful trade. If you make once or twice it cannot be repeated. The average losses of many Traders are higher than the profits they make. My respect is for good Traders and professional Traders and not a mature traders like myself who would also lose some money even when there is a bull market.
Big respect for successful trader and not those people who came by when bull market hit since they are just joining the hype. Since to get those success is so amazing since the level of patience is so different compare to those normal investor. Maybe for start they lose a lot but for sure since they learn from there experiences they are earning consistently by trading according to the plan they develop.
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.
Would you believe if one of the people said it would happen tomorrow, the day after tomorrow, the end of 2023 or in 2024?The Bitcoin price drop that occurred last year caused many traders to suffer losses. In my opinion, most of them happened to day traders or we call them short-term investors.
Reflecting on last year's price journey, switching to the long term seems more promising and more comfortable from the curiosity of when the Bitcoin price increase will occur.
Market conditions are now on a positive trend. Hold...
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.
Bear market is a very risky market for traders, if you have lost a lot and you know that it is tough to make a profit at the moment. I think you should stop and change your strategy so that you can make a profit instead of continuing to lose. If you switch to holding instead of trading for the time being, holding will give you the opportunity to recover your trading losses. I'm not saying you should give up trading but wait until the market is better, then come back and for now focus on holding that will be good for you.
I personally have great respect for Traders because I know it is not easy to make a successful trade. If you make once or twice it cannot be repeated. The average losses of many Traders are higher than the profits they make. My respect is for good Traders and professional Traders and not a mature traders like myself who would also lose some money even when there is a bull market.
I don't know the perspective the topic creator is speaking from, it is either he is loosing much because of the bear market or they bought some bitcoin when the price was already high by 2021 and having to wait till the next ATH to take some profit is a nightmare and a burden to a good well-being of the health. I know how unstable I used to be when my trades are running in -35%
If you are already losing in trading, you might want to consider quitting. Trading is supposed to be profitable, so if you have a net negative, leave trading. Actually trading doesn't have to be net negative even during corrections and bear seasons. You can still profit from it, but only if you have got the trading skills. But if you don't have them, try hodling. It may not be profitable in terms of how much Bitcoin you have, but it is profitable in terms of its price especially in the long run.
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.
If you are already losing in trading, you might want to consider quitting. Trading is supposed to be profitable, so if you have a net negative, leave trading. Actually trading doesn't have to be net negative even during corrections and bear seasons. You can still profit from it, but only if you have got the trading skills. But if you don't have them, try hodling. It may not be profitable in terms of how much Bitcoin you have, but it is profitable in terms of its price especially in the long run.
I am not pessimistic, but I still want the market to fall more this year simply because I am a long term investor I want to accumulate more bitcoins before it goes up again Once bitcoin goes up, the accumulation will become difficult, and the profit will be less. So, the expectation that 2023 will be a bearish year is not pessimistic but sometimes they want to invest more while bitcoin is cheap.
Regardless of what your wishes are at this point, what is clear is that Bitcoin does not follow the wishes of just one investor. But every day there is more buying demand in the market for Bitcoin, the increase in price will be very real even if it is not what you or some other people want to buy Bitcoin at a lower price than now. And for now I'm also not pessimistic about the price increase that will happen again in Bitcoin again.And just like in the last 24 hours, last 1 hour, the price is going up above $18k and this could be a start of a nice bull run at the start of the year. Obviously it won't be as big as $60k as the OP suggested. But the probability could be there in the next bull run.
So let's wait and see how everything is going this month.
The primary target for me at least is $20k, that round number, that big psychological price and support.
This is an easy one. The probability of $60k/btc again is zero. There is no path for bitcoin to achieve those prices ever again.
LOL you always say that in 5 days Bitcoin will not be able to survive $ 20k $ 17k $ 16k and you keep repeating it. and even now you say bitcoin will never reach $60k again.You are countering the Bitcoin price and wishing it would go down to $1000 LOL.
I will believe what you say if you include your technical analysis, don't just give nonsense in the form of text without any streaks of predictions that you make.
I use a mathematically and scientifically proven comprehensive technical analysis of bitcoin's price to arrive at my conclusions, and it is unequivocally clear that the underlying fundamentals point to a continuing collapse, especially in light of the macro environment. But setting that aside, the exponential history of the price, as measured by the differential dy/dx = ky^2, combined with its high volatility, alone suggests a very high risk of a terminal trajectory. This is further compounded by its beta coefficient, which is indicative of its sensitivity to market changes (β = (σxy) / (σx * σy)). Finally, bitcoin's Sharpe ratio is in the red, plainly implying its risk-adjusted returns are negative (Sr = (μp - rf) / σp). All of this, and more, leads to an undeniable conclusion that bitcoin is collapsing, has failed, and will eventually go below $1,000, which is the price level at which the key indicators begin to normalize. Hope this helps.
I am not pessimistic, but I still want the market to fall more this year simply because I am a long term investor I want to accumulate more bitcoins before it goes up again Once bitcoin goes up, the accumulation will become difficult, and the profit will be less. So, the expectation that 2023 will be a bearish year is not pessimistic but sometimes they want to invest more while bitcoin is cheap.
Regardless of what your wishes are at this point, what is clear is that Bitcoin does not follow the wishes of just one investor. But every day there is more buying demand in the market for Bitcoin, the increase in price will be very real even if it is not what you or some other people want to buy Bitcoin at a lower price than now. And for now I'm also not pessimistic about the price increase that will happen again in Bitcoin again. 
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.
Bitcoin price accelerated in 2021, but in 2022 it bottomed again. Many investors almost lost a large part of their assets. According to the history of Bitcoin, this situation is not surprising. Because this is nothing new. Bitcoin makes this type of movement every 4 years. Good times will return to those who trust in it and hold on for a long time.Currently, unless the global financial situation improves, we cannot expect Bitcoin to be able to return to its former high position soon. All levels of people have a positive attitude towards Bitcoin. Big investors including Elon Musk, Michael Seller have now taken a different look at Bitcoin. They are even still collecting bitcoins. As a result there is no doubt that Bitcoin will be bullish again. Moreover, the current price of Bitcoin is almost at the low level. As soon as the Ukraine Russia war ends, we will see its bullish movement.
This is an easy one. The probability of $60k/btc again is zero. There is no path for bitcoin to achieve those prices ever again.
LOL you always say that in 5 days Bitcoin will not be able to survive $ 20k $ 17k $ 16k and you keep repeating it. and even now you say bitcoin will never reach $60k again.You are countering the Bitcoin price and wishing it would go down to $1000 LOL.
I will believe what you say if you include your technical analysis, don't just give nonsense in the form of text without any streaks of predictions that you make.
Quote
What is the probability of 60 K+ again?
This is an easy one. The probability of $60k/btc again is zero. There is no path for bitcoin to achieve those prices ever again.
People still don't understand how much damage Kwon&Bankman did with their scandals, and combined we are talking about even over $100 billion in losses, along with the tremendous psychological pressure that is still present. Fear and disappointment have penetrated deep among investors, and considering that FTX was connected to many companies, everyone is wondering if it is over or if some very ugly news will appear.
As you say, all this happened in the middle of a bear market and further lowered the price of Bitcoin, which would probably have been at least 25-30% higher if all this had not happened. I just hope that everyone has learned something from all this, and the most important thing is that you should not trust people who present themselves as some kind of crypto messiahs, but in fact they are ordinary scammers who wear expensive suits and live in million-dollar mansions.
As you say, all this happened in the middle of a bear market and further lowered the price of Bitcoin, which would probably have been at least 25-30% higher if all this had not happened. I just hope that everyone has learned something from all this, and the most important thing is that you should not trust people who present themselves as some kind of crypto messiahs, but in fact they are ordinary scammers who wear expensive suits and live in million-dollar mansions.
If you know what bitcoin is about and trust it, then you KNOW it will be over 60k, it's not even a question, you know it's going to be even over 100k or 200k. But if you are not sure, and you are here only because you saw a few people making money, then you may not be aware of this situation at all.
For me it's not about trust, there are a lot of investors who really don't know bitcoin is, even today or in it's early days that's why they sell and then regret their decision later. It should be about what this technology can bring not just to crypto or bitcoin investors, but to the financial market as well. This technology is so disrupted that even government now are still in the middle. There are countries who support it, and then there some who are opposing because it gives "financial freedom" to everyone. So I think that is the key here, with this, everyone can be reach but it will take a lot of effort and mentality because it's not a get rich scheme as promoted by others.
People still don't understand how much damage Kwon&Bankman did with their scandals, and combined we are talking about even over $100 billion in losses, along with the tremendous psychological pressure that is still present. Fear and disappointment have penetrated deep among investors, and considering that FTX was connected to many companies, everyone is wondering if it is over or if some very ugly news will appear.
As you say, all this happened in the middle of a bear market and further lowered the price of Bitcoin, which would probably have been at least 25-30% higher if all this had not happened. I just hope that everyone has learned something from all this, and the most important thing is that you should not trust people who present themselves as some kind of crypto messiahs, but in fact they are ordinary scammers who wear expensive suits and live in million-dollar mansions.
I think it's going to be a trouble to convince people not to invest into bitcoin if it didn't happen. We were on the verge of recovering finally, and the price was doing a lot better, then suddenly that happened and we just dropped. However, if we are going to talk about the "probability" of bitcoin going above 60k, that's just not a question, that's basically a trust calculation.As you say, all this happened in the middle of a bear market and further lowered the price of Bitcoin, which would probably have been at least 25-30% higher if all this had not happened. I just hope that everyone has learned something from all this, and the most important thing is that you should not trust people who present themselves as some kind of crypto messiahs, but in fact they are ordinary scammers who wear expensive suits and live in million-dollar mansions.
If you know what bitcoin is about and trust it, then you KNOW it will be over 60k, it's not even a question, you know it's going to be even over 100k or 200k. But if you are not sure, and you are here only because you saw a few people making money, then you may not be aware of this situation at all.
Not sure if there is a massive FUD in 2022 that really put the price to where we are right now. There are geo-political affairs at the start of the year that tested us (the war between Russian and Ukraine), and the Terra Luna and the last but the most impactful event at the last month of the year which is the FTX collapse. So not FUD but back to back black swan events hitting us during the bear market.
People still don't understand how much damage Kwon&Bankman did with their scandals, and combined we are talking about even over $100 billion in losses, along with the tremendous psychological pressure that is still present. Fear and disappointment have penetrated deep among investors, and considering that FTX was connected to many companies, everyone is wondering if it is over or if some very ugly news will appear.
As you say, all this happened in the middle of a bear market and further lowered the price of Bitcoin, which would probably have been at least 25-30% higher if all this had not happened. I just hope that everyone has learned something from all this, and the most important thing is that you should not trust people who present themselves as some kind of crypto messiahs, but in fact they are ordinary scammers who wear expensive suits and live in million-dollar mansions.
Personally, I expect 2023 to be better than 2022, but don't expect much. 2022 was the worst, and I expect prices to start to recover with the start of the new year.
I do not expect to see significant price growth until the end of this year, after which we can see important movements for Bitcoin and the market in general.
So the best thing is to invest for the long term and follow the DCA strategy because we may not see these good buying prices again.
Nice to see people like you who are still optimistic on the current year because when I look around almost all of them thinks that 2023 is going to be the same with 2022. Well for me, I am also optimistic about this year. For me every new year is a new beginning and I always expect great things to happen not only limited here in cryptos but also in the real world and to myself.I do not expect to see significant price growth until the end of this year, after which we can see important movements for Bitcoin and the market in general.
So the best thing is to invest for the long term and follow the DCA strategy because we may not see these good buying prices again.
Personally, I expect 2023 to be better than 2022, but don't expect much. 2022 was the worst, and I expect prices to start to recover with the start of the new year.
I do not expect to see significant price growth until the end of this year, after which we can see important movements for Bitcoin and the market in general.
So the best thing is to invest for the long term and follow the DCA strategy because we may not see these good buying prices again.
Nice to see people like you who are still optimistic on the current year because when I look around almost all of them thinks that 2023 is going to be the same with 2022. Well for me, I am also optimistic about this year. For me every new year is a new beginning and I always expect great things to happen not only limited here in cryptos but also in the real world and to myself.I do not expect to see significant price growth until the end of this year, after which we can see important movements for Bitcoin and the market in general.
So the best thing is to invest for the long term and follow the DCA strategy because we may not see these good buying prices again.
Given that you are already positive, then why limit yourself? Why not push it more and hope that there will be a major recovery which can then lead to a bull run? DCA is great for long-term investors but not all of us have the patience. It's still possible to profit even if you are only a short-term investor or a trader.
I am not pessimistic, but I still want the market to fall more this year simply because I am a long term investor I want to accumulate more bitcoins before it goes up again Once bitcoin goes up, the accumulation will become difficult, and the profit will be less. So, the expectation that 2023 will be a bearish year is not pessimistic but sometimes they want to invest more while bitcoin is cheap.
As trader the year doesn't significantly have any effects on your trading journey but rather affect investors, as a matter of fact most traders always feels good when trading in bear market. I have colleague at office then and he happens to be a trader, and I asked him how do you cope with during the bear market?
And he said, it all depends on what you want while trading. Like for him he said, I don't hold coin after he finishes his trade for the day he would trade all to stable coin and sleep over to continue the next day. I was like are you kidding me or what?
Although he said isn't that too common to most traders but of choices.
And he said, it all depends on what you want while trading. Like for him he said, I don't hold coin after he finishes his trade for the day he would trade all to stable coin and sleep over to continue the next day. I was like are you kidding me or what?
Although he said isn't that too common to most traders but of choices.
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.
There's no one could able to save you from your losses but only your own self.We are all speculators here on this market and there's no way we could be able to predict on what would be the things will happen in thefuture and this is why lots had made out some shitty decisions and ending up on losses or negatives.Nothing is surprising because this market had always been unpredictable or something that cant really be known.
We have some worst years but cant really deny on how worst year 2022 is, lets hope that things wont even more something bad than on last years but of course no one
could tell on how it would be, just make yourself be prepared for whatever things we might encounter again.
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