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Topic: How come BTC is not at least $75,000 yet? - page 11. (Read 1921 times)

legendary
Activity: 1358
Merit: 1093
February 04, 2022, 06:03:05 AM
#48
The rush? I've never sold a bit of BTC since 2013 and I'm starting to get bored, that's the rush. I want to feel the fruits of my labor too. Don't plan waiting 10 more years.

You just confirmed what defines the average Bitcoin investor, and that in the case of a long-term investment like yours is some kind of imaginary profit determined by an exit point at a certain price. Your problem is that you are waiting exclusively for that exit point, and of course, it frustrates you more and more that you can't reach it, and time is running relentlessly. What people often forget is that time is the most precious thing we have and it is very limited, it cannot be increased or bought.

My strategy is different and there is no predefined exit point, but I combine to sell/use Bitcoin as a currency whenever I need it, especially at a time when the price reaches its ATH - and yet most of the time holding most of my coins safe. If you persist in your plan, I don't believe you will have to wait 10 years, but it can be 2-4 years until the price reaches a stable $100k (although this can happen earlier).

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.
legendary
Activity: 3234
Merit: 5637
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February 04, 2022, 05:47:10 AM
#47
The rush? I've never sold a bit of BTC since 2013 and I'm starting to get bored, that's the rush. I want to feel the fruits of my labor too. Don't plan waiting 10 more years.

You just confirmed what defines the average Bitcoin investor, and that in the case of a long-term investment like yours is some kind of imaginary profit determined by an exit point at a certain price. Your problem is that you are waiting exclusively for that exit point, and of course, it frustrates you more and more that you can't reach it, and time is running relentlessly. What people often forget is that time is the most precious thing we have and it is very limited, it cannot be increased or bought.

My strategy is different and there is no predefined exit point, but I combine to sell/use Bitcoin as a currency whenever I need it, especially at a time when the price reaches its ATH - and yet most of the time holding most of my coins safe. If you persist in your plan, I don't believe you will have to wait 10 years, but it can be 2-4 years until the price reaches a stable $100k (although this can happen earlier).
full member
Activity: 1736
Merit: 116
February 04, 2022, 05:20:25 AM
#46
from my point of view maybe it's all a market game, and for sure one day there will be a price increase when the transaction volume increases and maybe the role of famous people can change the price of bitcoin to be high again.
Let's just follow the current movement, that is don't let it there are downsides and regrets when trying to invest in crypto, especially bitcoin..
That will always be the case, I mean we should still be grateful that bitcoin has steadied towards a 5 digit price because for many people in the past, it's probably difficult for them to believe that it will ever come to this point, as @oemar bakrie said, it's a market game and if you don't have the ability to join the waiting game, you're probably going to need to find other means to make money.

We should be grateful that the price of Bitcoin can rise to $69k in 2021, because as you said early adopters also would not expect the price of Bitcoin
to rise so high. I even remember when it was 2017, I was very surprised Bitcoin hit a price of $20k. This means that Bitcoin is always going up in price
and we will always be surprised by the movement of Bitcoin. So only patient people can get big profit from Bitcoin, so there is no need to question why
the price of Bitcoin has not recovered and when the price of Bitcoin can rise to the price of $75k. We just need to believe in the future of Bitcoin and
keep collecting Bitcoins. If we study the history of Bitcoin's movement, where the price continues to rise almost every year, the $75k price target will
definitely be reached someday. So don't worry about the current Bitcoin price drop, because the price of Bitcoin will definitely recover and the price of
Bitcoin can rise higher than the previous price.
sr. member
Activity: 1372
Merit: 275
February 04, 2022, 05:12:41 AM
#45
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.
Whales have a lot of influence on market conditions that occur, to reach a price of $75k of course we need help from whales to push prices in the market, but the many negative sentiments currently circulating make whales such as fear to hold bitcoin for a long time, and make them They panicked a bit so they tried to take profit when the market started to strengthen slightly and in the end resulted in a price decline due to the massive sales carried out by the whales.
legendary
Activity: 1904
Merit: 1176
Glory To Ukraine! Glory to the heroes!
February 04, 2022, 05:01:56 AM
#44
One could just as easily ask: Home come BTC is not zero dollars yet?

I don't really get why people need to make such an issue (not referring to OP, just in general people when discussing price of crypto). BTC reached almost 70k, which isn't far from 75k.

Besides, BTC has a habit of reaching ATH and then spending only a little time there. Even if we got to ATH of 75k, or 100k or whatever ceiling, it's never going to spend a lot of time there.

The fact that bitcoin rolls back down every time gives a very good opportunity to earn. But every time, after a new ATH, bitcoin stops higher and higher. Even now, after the 69k level, he is at 38k, which can be considered a very good indicator. The next time he hits 100k, and he can rolls back down 50k, and each time it will be a big price.
legendary
Activity: 2674
Merit: 1226
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February 04, 2022, 04:46:46 AM
#43
One could just as easily ask: Home come BTC is not zero dollars yet?

I don't really get why people need to make such an issue (not referring to OP, just in general people when discussing price of crypto). BTC reached almost 70k, which isn't far from 75k.

Besides, BTC has a habit of reaching ATH and then spending only a little time there. Even if we got to ATH of 75k, or 100k or whatever ceiling, it's never going to spend a lot of time there.
legendary
Activity: 1708
Merit: 1280
Top Crypto Casino
February 04, 2022, 04:06:00 AM
#42
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.
member
Activity: 1218
Merit: 49
Binance #Smart World Global Token
February 04, 2022, 03:45:19 AM
#41

As for me, Bitcoin should have been playing in the vicinity of $100,000 by now and should be increasing considering the many bad news happening in the global economy with the USA not doing well and with the threat of invasion posed by Russia to Ukraine. But no, the market chooses to also be afraid of things, fearful of what can be and have not seen much trust and confidence with Bitcoin as some sort of a protection or savior of a downturn economy. Well, the thing is that almost markets are not rationale...most investors are following the mood of other people just like a sheep following the leader to wherever that leader thinks he wants to go. So there is nothing we can do but wait for that AHA moment and I think that can surely be coming in no time at all...just trust and be rewarded.
sr. member
Activity: 2380
Merit: 366
February 04, 2022, 03:45:13 AM
#40
There is every reason to believe that Bitcoin is going even higher in the future. Bitcoin remains the most attractive and best currency the world can offer. On the other hand, fiat is a dying old currency that is fast losing value and sense. So there is no other direction for Bitcoin really but up. These bearish moments may remain part of Bitcoin but the price will inevitably increase. In the near future we will see a bearish Bitcoin with a six-digit figure.
sr. member
Activity: 1274
Merit: 293
February 04, 2022, 03:40:54 AM
#39
from my point of view maybe it's all a market game, and for sure one day there will be a price increase when the transaction volume increases and maybe the role of famous people can change the price of bitcoin to be high again.
Let's just follow the current movement, that is don't let it there are downsides and regrets when trying to invest in crypto, especially bitcoin..
That will always be the case, I mean we should still be grateful that bitcoin has steadied towards a 5 digit price because for many people in the past, it's probably difficult for them to believe that it will ever come to this point, as @oemar bakrie said, it's a market game and if you don't have the ability to join the waiting game, you're probably going to need to find other means to make money.
legendary
Activity: 2702
Merit: 4002
February 04, 2022, 03:29:20 AM
#38
I remember less than a year ago when Bitcoin broke the $40,000 barrier for the first time.

 - Therefore, when we say that this price is cheap after less than a year, it does not seem accurate.
 - The price was around $7000 two years ago and now we may reach the $70,000 levels.

In general, historically, the price during February always closed in the green, and then we may assume that we will not see such prices less than 30K by the end of this month, and therefore the possibility of $75k  is not a dream.

Inflation and all of it are positive things for Bitcoin, but we will not benefit from it unless people decide to trust Bitcoin against inflation, there are still other attractive options such as gold, real estate and others.
hero member
Activity: 3052
Merit: 685
February 04, 2022, 03:07:28 AM
#37
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.
If people dont buy Bitcoin then its their problem. We cant coerce anyone to do as we say since we have our own way of thinking and belief on this matter.

On the other side, fiat is existing for long years already so its just normal that majority of people prefer fiat over crypto and its not surprising if some people dont know the existence of Bitcoin since not everyone are aware of whats happening online or has an access on the internet.

Hence, even the price is not as high as before, dont feel bad about it because it will certainly increase in time. For now enjoy the ride and refrain from monitoring the market for a while.
I guess we can't control the world, specifically the people living in it. Everyone has their own choices in life because we live with different perspectives. We may see that bitcoin is very valuable  now, but still most of the people don't even recognize it. So let's just trust the process, and everything will be in perfect timing when time comes. No need to convince that buying bitcoin is the best thing to do, let the people discover bitcoin and see its worth. Eventually, they will be the one to come rushing in the market.
legendary
Activity: 4410
Merit: 4766
February 04, 2022, 02:03:42 AM
#36
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.

Why isn't fiat dead, I think that's the most important question. Why is there so much trust in system that have been proven to be a fraud over the years. The answer is just we humans aren't ready to accept the truth. We know our local fiats aren't worth holding but yet we hold then and sell assets that should be held for as much as possible. What's funny is people sell Bitcoin for fiats immediately the opportunity present itself and that's what's keeping us this low with all the exposure Bitcoin has been getting lately.

With time people will realized the importance of Bitcoin and the price wouldn't be as low as it's. We just need one economical meltdown to open their eyes. For the moment we just have to stock up as many as our financial capabilities can get us knowing the true value of the currency.

if it wasnt for laws that empower fiat. fiat would be dead (zimbabwe dollar is dead because the government changed the laws)
fiat lost its backed value(cost of creation), its not backed/pegged by gold mining cost for 50 years.
you can buy 26x less value than you could (less than 4% its buying power)
but what keeps it alive is that laws of taxes, minium wage, legal tender that keep it 'useful'
legendary
Activity: 1372
Merit: 2017
February 04, 2022, 02:01:28 AM
#35
In the evolution of asset prices most of the time we are in stages of overvaluation or undervaluation, very few times the price matches what would be its intrinsic value. I believe that at the moment we are in undervaluation, which means that the current price is below its value, and this is influenced by several causes that have been mentioned, but there is another one that has had an influence: the prospect of a rise in interest rates. This has influenced the markets in general and Bitcoin with them. In the long term it will continue to rise, but in the short term it is influenced by these ups and downs.

legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
February 04, 2022, 12:57:03 AM
#34
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.

Why isn't fiat dead, I think that's the most important question. Why is there so much trust in system that have been proven to be a fraud over the years. The answer is just we humans aren't ready to accept the truth. We know our local fiats aren't worth holding but yet we hold then and sell assets that should be held for as much as possible. What's funny is people sell Bitcoin for fiats immediately the opportunity present itself and that's what's keeping us this low with all the exposure Bitcoin has been getting lately.

With time people will realized the importance of Bitcoin and the price wouldn't be as low as it's. We just need one economical meltdown to open their eyes. For the moment we just have to stock up as many as our financial capabilities can get us knowing the true value of the currency.
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
February 04, 2022, 12:37:04 AM
#33
What's the rush?

Bitcoin is working as expected, this is how it compares to the USD in the long term

The rush? I've never sold a bit of BTC since 2013 and I'm starting to get bored, that's the rush. I want to feel the fruits of my labor too. Don't plan waiting 10 more years.
You could have sold it last year when bitcoin had reached its ATH twice. Definitely, not today since all your efforts from hodling will be totally gone, better keep on buying this time while there is good opportunity to buy. However, if you're not still in need of fiat or don't have any urgent needs, so what's the use of selling? You can generate more profits if you can hodl them for a longer time since bitcoin gives a new peak every year, much higher than the last years ATH.

Its difficult to sell the bitcoin at all time high prices becasue we never know what is the all time high and greediness never make us sell our coins. However , when the the prices are down we have so much fear of going more down and this makes us sell the coins.
Anyways i will never sell my bitcoins even if the prices is 75,000 or 25,0000.
I will contiune to hold my bitcoins unless i see a 100K- 200K bitcoin prices and at that momnet, i will not off load all my bitcoins. Will keep some save with me forever.
legendary
Activity: 3472
Merit: 10611
February 03, 2022, 11:44:38 PM
#32
The first world countries
These countries are somewhat stable and the citizens of these countries are satisfied with what they have. Perhaps they have job security and a reliable retirement plans as individuals and provided by the government. So, they might not see the need to invest in what they do not understand.

The third world countries
These countries lack genuine information as they are often misinformed by their leaders. They have no option than to believe and rely on the fiat which is tangible and dear to then.
That's not true at all Smiley
For example we can consider US a "first world" country, meanwhile the biggest misinformation is given to citizens by the US leaders. In fact when it comes to bitcoin the biggest FUDs are coming from Americans whereas third world countries have either adopted bitcoin without that much lies or simply placed restrictions and were done with it.
As for job security, it has nothing to do with the country's ranking. It is a complicated matter that depends on a lot of factors and you can find lack of it anywhere.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
February 03, 2022, 10:06:35 PM
#31
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.
If people dont buy Bitcoin then its their problem. We cant coerce anyone to do as we say since we have our own way of thinking and belief on this matter.

On the other side, fiat is existing for long years already so its just normal that majority of people prefer fiat over crypto and its not surprising if some people dont know the existence of Bitcoin since not everyone are aware of whats happening online or has an access on the internet.

Hence, even the price is not as high as before, dont feel bad about it because it will certainly increase in time. For now enjoy the ride and refrain from monitoring the market for a while.

And we are still in the situation that we can't use BTC in making transactions too. The need to convert the coins to fiat in order to buy something out of a store. The price of BTC being $37K already is actually very high for regular people which if they discover the volatility they will back away from BTC and just hold fiat. Although its a good time for an investor who has money, it might not be a good time for someone who sees uncertainty of the future.

Chatting with someone who had traded Bitcoin for a while and he is just going to enter BTC again when it's a clear green sign like a green indicator for him. He says its a good time to buy but he himself is not doing it.
hero member
Activity: 3010
Merit: 629
February 03, 2022, 09:14:00 PM
#30
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.
If people dont buy Bitcoin then its their problem. We cant coerce anyone to do as we say since we have our own way of thinking and belief on this matter.

On the other side, fiat is existing for long years already so its just normal that majority of people prefer fiat over crypto and its not surprising if some people dont know the existence of Bitcoin since not everyone are aware of whats happening online or has an access on the internet.

Hence, even the price is not as high as before, dont feel bad about it because it will certainly increase in time. For now enjoy the ride and refrain from monitoring the market for a while.
full member
Activity: 1260
Merit: 100
SOL.BIOKRIPT.COM
February 03, 2022, 08:13:43 PM
#29
from my point of view maybe it's all a market game, and for sure one day there will be a price increase when the transaction volume increases and maybe the role of famous people can change the price of bitcoin to be high again.
Let's just follow the current movement, that is don't let it there are downsides and regrets when trying to invest in crypto, especially bitcoin..
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