Topic: Do you know these about Bitcoin speculation and prediction (Read 121 times)

A commodity like bitcoin is bound to have constant speculation and rumors around it, everyone has different opinions on what they feel would happen next in the Market, like right before this consolidation which we seem to be still experiencing from the ATH many were about saying this month would be bullish for bitcoin and were speculating 80k this month, but yeah the month is already almost over and none of those happened, relying on speculation to build confidence in investment is trash, everyone needs to have his own personal conviction about bitcoin and invest likewise.

It's a good thing people are now seeing the advantages of investing in BTC,  most people that didn't take advantage of the first, second and third halving are doing so now, because ignorance they say is not an excuse, this halving am sure will surge the price of Bitcoin from its current value to a value we all never expected, it might below some experts prediction and it might also go higher than they predicted, but all the same I don't think anyone will like to miss this great opportunity.

The prediction of bitcoin price dey go with certain phenomenon, like during the halving of course anybody wey dey speculate go dey look at the existing ATH and that will be the bench mark because bitcoin don get such history wey be say after each halving then another ATH go emerge so that one na some thing wey don dey sacrosanct as we don even see say we don even get another new ATH few weeks ago.

Again, adoption rate dey follow determine. If you dey see say some institutions don dey begin approve the use of btc that one also mean say the price go suppose appreciate as ETF stuff now and if negative begin happen around btc then weak hands go like to dey drop wetin dem get so na so the speculation dey happen for btc and you wey understand am go easily know how to follow the market.

The moment the price of bitcoin crosses a price it never attained, then that price becomes the new all time high (ATH) irrespective of how long it stays at that very price and just as @ Charles-Tim already mentioned, bitcoin has already crossed the previous ATH and the current ATH is about $73k and until it crosses this very price, I think we already have a new ATH after the fourth halving.

I personally don’t pay any specific attention to the meaning of speculation and prediction as them both talks about expectations and for the lame man definition, I think you should further break things down.

You are correct. From technical analysis and also with other analyses, bitcoin price will increase after halving. But point of correction, some all-time-high prices you mentioned are not accurate, especially the all-time-high in 2021 which is $69000 and not $65000. But to be expecting all-time-high, yes we should. It is worth knowing that the present all-time-high occured in this year some weeks ago which was $73800.

I got lost in most lines of this thread Op but what I know about bitcoin is that investors speculating about the bitcoin assets potentials are the magnetic attractions which stimulate the ratios of the demands and supplies influencing a major role in the crypto market. More interesting, the services of speculations is the wide range in bitcoin technology which evolves to creating awareness in a global system by which more individuals are finding the systems so interesting to be adopted in such an extensive rate we've today and many more investors are coming in on daily basis which is spiking the prices of bitcoin of today's likewise how the future prices csn be actualized.

you should understand that the instability and fluctuations in the price of Bitcoin in the market are the reasons why people make speculation and predictions, just like goods and commodities in the market there are times when making a budget on the things to buy in the market, we add extra money incase we don't meet it at same price we bought it last time especially when it's been long we made purchase of those things. For instance during that time when naira was depreciating on daily basis you can see that was how the price of things was also fluctuating as well because what you bought #10 yesterday may be #20 today so in that case you will have it in mind that the price may increase then you add some money with you when going to make new purchases.

Let me not digress from the discussion here, every one makes the speculations and predictions of Bitcoin price base on what is obtainable now and previous reoccurrence of that nature, so people are just being optimistic that things will continue to work same way as it has worked previously that's why speculation and predictions are always meant to occur and again some people make this speculation so that it will enable them to be hopeful that the future has a more brighter side and it helps to boost one's confidence spirit and morale in the process of their investments.

Bitcoin speculation and prediction has been the hype on the Bitcoin market, perhaps more people are beginning to get involved with Bitcoin. It's a good advancement seeing how it has cleared doubts of many who never believe and took a stance in investing their money.
Meanwhile, it seems all these while we have been using both Speculation and Prediction as giving our opinion on the future of Bitcoin price movement, whereas they convey separate meaning and outcome, a person's speculation is to be different from his Prediction.

Bitcoin speculation refers to a wild gap of opinion towards the Bitcoin market with no intrinsic attribute attached to why it may occur in that way, it may be more on the virtue of guess than it is for Bitcoin prediction which likely involves previous stats and proper analysis to determine the future price of Bitcoin.

For example, since I am fully aware of the gradual increase in the adoption rate of Bitcoin, the theory will be subjected to having more demand in the market, in return the price of Bitcoin gradually increases, then we can be able to speculate the price of Bitcoin within a specific interval at a particular price range. ^While Bitcoin prediction is on the theory that after every halving comes a new ATH, back in 2012  after the first halving Bitcoin surged from $11 to $1100, second having it as well increased to $20k, followed by the third halving it also increased to $65k now we are heading towards the fourth halving, this will help us denote the fact that we must surely see a new All Time High which we may likely predict the price of Bitcoin to be.