How come BTC is not at least $75,000 yet? - page 10.

Lucius

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Quote from: virtualdn on February 04, 2022, 01:37:25 PM

It seems someone is reading this and we've just passed $40,000! That's the spirit folks, let's go to the Moon! I still believe 2022 can be the year of the Bitcoin!

I read it back in 2018, and it came from a man who back in 2014 had a very good vision of what would happen in the years to come - it will be interesting to see if he is right this time as well. Maybe he'll contribute a few billion dollars to make it happen Cheesy

Quote from: https://www.cnbc.com/2021/06/14/billionaire-tim-draper-still-predicts-bitcoin-will-reach-250000-.html

Billionaire venture capitalist and bitcoin investor Tim Draper is sticking by his prediction that bitcoin will reach $250,000 by the end of 2022 or early 2023 despite the cryptocurrency’s wild swings in value and the turmoil around its environmentally unfriendly energy usage.

Baofeng

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Quote from: bounceback on February 05, 2022, 12:39:10 AM

Quote from: virtualdn on February 04, 2022, 01:37:25 PM

It seems someone is reading this and we've just passed $40,000! That's the spirit folks, let's go to the Moon! I still believe 2022 can be the year of the Bitcoin!

After dropping to its lowest level this year to $30k but today bitcoin has gone up to $41k price and the current price hike must have benefited those who bought bitcoin at that low price, early 2022 put bitcoin on a bit of a slump but I believe and will say so same with you because I believe if this year bitcoin price will bounce back to $50k-$60k.

Yes, we have a good bounce in the last 24 hours, a break out run that we didn't expect, but we sure gonna take this one. And maybe this is the start of the ascend to $50k again, so everyone is getting excited with this run. As we might think that the bulls are back in the market again after hitting lows of $32k early this year. A bounce of $50k-$60k might be just a conservative estimates. If everything is set then we might see the price going to $70k++ at the end of the year.

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Quote from: virtualdn on February 04, 2022, 01:37:25 PM

It seems someone is reading this and we've just passed $40,000! That's the spirit folks, let's go to the Moon! I still believe 2022 can be the year of the Bitcoin!

After dropping to its lowest level this year to $30k but today bitcoin has gone up to $41k price and the current price hike must have benefited those who bought bitcoin at that low price, early 2022 put bitcoin on a bit of a slump but I believe and will say so same with you because I believe if this year bitcoin price will bounce back to $50k-$60k.

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Quote from: virtualdn on February 03, 2022, 05:19:28 AM

The USD is losing value. The EUR is losing value. All national coins are inflationary, energy prices are through the roof and still BTC is only $36,500! People should buy BTC like crazy, this is something I don't understand, they keep using the crappy FIAT instead. FIAT will all make you poor! Don't come crying here after when BTC hits $100K, but FIAT is the worst investment someone can make these days. BTC is still cheap as peanuts considering its potential, too bad people don't see it, have fun staying poor and keep making those bankers rich. Unbelievable.

Like you said, if people cared about inflation, then they should buy BTC "like crazy". But they aren't because they don't actually care. I bet most of the people don't even know what inflation is and what it can do to the economy. They just sit and watch. When the price of everything will become unaffordable, all they will do is blame their country while still not doing anything to save themselves against inflation. Even if they do invest in bitcoin, they will go back to fiat to take their profit. So... Roll Eyes

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Quote from: isaac_clarke22 on February 04, 2022, 03:24:47 PM

Quote from: virtualdn on February 04, 2022, 01:37:25 PM

~

Yeah, I wasn't looking that much in the current Bitcoin price lately and was just surprised that we're now back in 40k. Kind of slow but hey we're getting there. Previously, I was eyeing on Bitcoin to be around 100k by the end of the year, but it won't matter if we don't reach it just yet.
In the end, a lower price was my opportunity to buy even more. I ain't whale though Cheesy

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Even myself i was not expecting this $40k now, but i'm glad bitcoin has reached another price resistance level. But honestly, this is not my focus at this moment as im still enjoying buying from this bearish market. I think if we can take more advantage with the current market condition, seeing the prices are still in dips, then we can make huge profits by then by the time bitcoin will hit another new ATH once the market starts to become stable again. And $75k will be realized soon.

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Quote from: Sanitough on February 04, 2022, 01:42:21 PM

That will always be the case if they keep on prioritizing on increasing their fiat rather than accumulating bitcoin. Even with the inflation hike, people still prefer to use fiat because that is the only currency approved by the government, so they tend not to think anymore other options that can hedge inflation. This is the sad truth. People become poorer and poorer because of their attitude towards change.

I am not that really concern about the legal adoption of bitcoin worldwide because bitcoin exists and keep on proving its worth even if it is not accepted widely but as I keep on reading in this thread it all boils down on the fact that people are still afraid to jump off and invest in crypto because this platform is not approved by governments. And to be honest this thing is quite true, in my case I do experience a lot keep on asking me about this platform but at the end they are being afraid that they may get scam or lose, which of course I didn't make any conscious effort to explain it to them furtherly.

isaac_clarke22

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Quote from: virtualdn on February 04, 2022, 01:37:25 PM

~

Yeah, I wasn't looking that much in the current Bitcoin price lately and was just surprised that we're now back in 40k. Kind of slow but hey we're getting there. Previously, I was eyeing on Bitcoin to be around 100k by the end of the year, but it won't matter if we don't reach it just yet.
In the end, a lower price was my opportunity to buy even more. I ain't whale though Cheesy

.

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Quote from: Anonylz on February 04, 2022, 01:09:41 PM

Humans for you, since btc is not government approved yet some people don't trust it enough to buy even when the price is ridiculously cheap, even among those who bought, some sell at the slightest correct made by fud, to prefer to stay in fiat despite how it deprecate in value,
Before the majority of people realize they are missing out on this opportunity btc price would be very high by then, I wish I have zillion cash to buy enough and seat back to watch the rest of the people fighting over what is left Grin

That will always be the case if they keep on prioritizing on increasing their fiat rather than accumulating bitcoin. Even with the inflation hike, people still prefer to use fiat because that is the only currency approved by the government, so they tend not to think anymore other options that can hedge inflation. This is the sad truth. People become poorer and poorer because of their attitude towards change.

virtualdn

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It seems someone is reading this and we've just passed $40,000! That's the spirit folks, let's go to the Moon! I still believe 2022 can be the year of the Bitcoin!

Anonylz

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Humans for you, since btc is not government approved yet some people don't trust it enough to buy even when the price is ridiculously cheap, even among those who bought, some sell at the slightest correct made by fud, to prefer to stay in fiat despite how it deprecate in value,
Before the majority of people realize they are missing out on this opportunity btc price would be very high by then, I wish I have zillion cash to buy enough and seat back to watch the rest of the people fighting over what is left Grin

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Quote from: Peanutswar on February 04, 2022, 04:06:00 AM

We recently saw the market trying to attempt the price of the bitcoin at the 70k usd but again it depends on the holder and investor if they keep trying to support the market. We saw previously another dump and it affects the economic issue which is the market dump and decline of Russia to support the use of the bitcoin. Another chance to make it attempt for another ATH is the newcomer investors.

They did not know that btc is trying its best to come up in a price where it can it meet our expectations but unfortunately other factors are much stronger than btc. We have die hard supporters that will keep on holding their btc and there are only less sellers which can have an impact on the price of btc but I think it was the manipulators and the whales that keeps on pulling the price.

I do not think the decline of the price has to do with Russia because if I am not mistaken we are already on the dump before the issue of Russia came out but that news was not new, it is like china that bans bitcoin and then re allow it again. We still have a hope for btc to touch greater prices in the future.

aysg76

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There were anticipations of around $100k by the year end of previous year but it doesn't work that way so we can have as many price limits set in our mind or with any kind of technical analysis but btc will not work according to that as the prices deviates with only demand and supply factor.

The inflation is growing at faster pace but the thing is world has recognised it lately and you see now the adoption curve has increased slightly compared to past.This is the representation for the same and have some clarity from this :

But on the other side inflation has increased over past few years drastically but still the majority is witnessing and realising it and you will see the growth rate of Bitcoin soon so your expected rate will also show up later so hold it for long term.

The inflation is hitting hard in some countries while others are facing reverse situations but you notice that situations in third world countries is more worsen and they need bitcoin at most important like you El Salvador has adopted it with ending the USD domination of which IMF has burden them up but more countries will progress towards it and first Target of $100k is achievable soon.

e_abrams

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Bitcoin is forming a correction. It happens. It happens for every currency out there every once in a while. I have also seen a lot of theories that the current situation surround Ukraine also has an effect on it, though I am not sure how accurate that theory is. Any thoughts?

ChiBitCTy

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“Have fun staying poor” is the most obnoxious saying that people use in terms of bitcoin. Just because someone doesn’t own any bitcoin, doesn’t mean that they are assured to remain “poor”. I of course agree that everyone should own at least a little bit of bitcoin, but this all depe new on what one can afford to lose.

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Quote from: virtualdn on February 03, 2022, 05:19:28 AM

The USD is losing value. The EUR is losing value. All national coins are inflationary, energy prices are through the roof and still BTC is only $36,500! People should buy BTC like crazy, this is something I don't understand, they keep using the crappy FIAT instead. FIAT will all make you poor! Don't come crying here after when BTC hits $100K, but FIAT is the worst investment someone can make these days. BTC is still cheap as peanuts considering its potential, too bad people don't see it, have fun staying poor and keep making those bankers rich. Unbelievable.

Bitcoin isn't worth $75k yet because not many people are aware of it. Despite the ever-rising popularity of Bitcoin, there's a large portion of individuals worldwide who haven't heard about it at all. In order for Bitcoin to reach a wider audience, Internet access needs to be extended to every single region/area in the world. But we're still far away from seeing that materialize since governments don't have the required infrastructure to make it happen. Sooner or later, Bitcoin will cross $75k as Fiat's inflation increases like there's no tomorrow. We just have to be patient as good results don't come overnight.

I see Bitcoin as a better version of Gold, so it's likely it'll continue to go up in terms of Fiat for generations. As long as you buy BTC at a cheap price, you'll be on a road towards untold riches. Just my thoughts Grin

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It's amazing how you can boast about bitcoin, but we can't forget that FIAT won't disappear, the banks won't disappear, the right thing would be that each person can use all things: fiat, banks and bitcoin without having problems or fanaticism or hate for one of the 3 things. it is not possible to have a world where there will be no fiat and banks and only bitcoin, we have to face it that it is not possible to have this kind of world

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We love seeing Bitcoin reach $75k, $100k, and more...But we never ask other people if they will love too. That probably they don't care and do not have the concern as for they don't know about Bitcoin and this is one the reason why Bitcoin doesn't go that much so easily. It perhaps needs more users and investors but can't deny that only a few people have the courage to take risks and even think that Bitcoin is not a scam while the majority believes it was Ponzi Scheme alike.

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You seem like a newbie in the cryptocurrency world op. Why? Because any experienced cryptocurrency investor knows the fact that BTC and other cryptocurrencies are extremely volatile in nature.

This is why HODLING BTC and any other cryptocurrency for the long-term is always a difficult endeavour, but it could potentially make you rich if you HODL long enough and if things actually go your way.

BTC will definitely rise back up to $75K in the future, but no one can accurately tell you when that will happen op which is why you should always invest what you are willing to lose.

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Quote from: virtualdn on February 04, 2022, 06:03:05 AM

What if I told you I don't plan ever selling more than 10-15%? Don't reach to conclusions before you know all the facts. It's a general advice for life.

You had a chance to do it when the price reached last ATH close to $70k last year, obviously, you didn't do it because you believed in what most considered a safe bet ($100k by the end of 2021). You have stated the facts yourself, you want to sell your BTC and enjoy the fruits of your labor as soon as possible, and the reason why you have not sold yet is the price.

From the title of this thread, it can be concluded that your exit point is at $75k or more, which is very frustrating considering that the last ATH was very close to that.

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I think USD still survives and EUR does the same because the government still backs up fiat.
While BTC does not increase higher, people are not interested in buying BTC and using it as their investment because they think BTC is something they do not understand compared to the other investment type.
When BTC increases higher and reaches $100,000, people will see that they are too late to buy bitcoin and will buy bitcoin in a rush.
People who do not buy BTC at a price now will regret it because they already can buy bitcoin but do not use it.

Topic: How come BTC is not at least $75,000 yet? - page 10. (Read 1921 times)