How come BTC is not at least $75,000 yet? - page 5.

stepwilli

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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.

USD is losing value, EUR is losing value and so as BTC. Bitcoin is not inflationary but it doesn't automatically mean that it'll rise now. There are times that it rises but we should also give way for the dips as it's part of the game. Energy prices are through the roof but what about btc? There's always debate about btc being energy hungry and someone said that the total usage of energy in btc is equivalent to a small country.

This can be one of the reason why btc cant increase and it can go down as someone won't adopt it and someone will quit on it for this reason. Easy to say people must buy btc but where will they get a money? and buying still can't guarantee an increase. Not all knows btc so they use fiat.

willoweb

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The question is not "why?", the question is "when?". Now the whole world is watching the drama in Ukraine. The world economy is in a fever very seriously, and if the war does not end quickly, a crisis is inevitable throughout the world. The question is where will people be saved during this turbulent period? Answer: they will invest in bitcoin not even for profit, but to minimize their losses. Then the price will very quickly go to those levels about which there was a question, and maybe even higher. I think we will see such a situation already during this spring.

OgNasty

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With things like options and derivatives in place now in the Bitcoin ecosystem, it will be much harder for the price to make massive leaps in price. This is because of all the structured investments making small fortunes off small moves. It’s what happens to all markets as they mature and it’s these added levels of stability that make markets more attractive for big players, which ultimately leads to a more slow and sustained rise in price. Many people are calling for an end of the 4-year cycle for this reason. They expect that we have reached the point where Bitcoin is more guided by investment than the reduction of block rewards cycle. That remains to be seen, as so far we appear to be mirroring the cycle fairly well, with the exception of the massive price drawdown where there should have been a bubble. Again, I blame things like options for this.

Oilacris

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Quote from: BITCOIN4X on March 01, 2022, 01:58:19 PM

Quote from: Abiky on March 01, 2022, 01:09:07 PM

Remember: "Patience is a virtue". As long as you're patient, you'll be able to obtain great results in the future. Who knows if Bitcoin ends up "beating" Fiat for good? Just my thoughts Grin

Patience is the key, it keeps repeating itself but a lot of people can't make it on this investment due to lack of experience, fear of losing or something else. Optimism is necessary but only to the extent of what one can bear to lose. It doesn't matter if they only prioritize short-term profits as long as they make profits because in the long term the price doesn't guarantee everyone can profit if the holder can't keep their wallet safe.

Bitcoin investment is not just about the risk of price volatility but in most cases I think users are also complaining about the security risks they have to face even though in principle it is the fault of the users themselves.

Being impatient would only just cause more mistakes on to your current or future trading decisions which it would really be bad on your trading career.Dont hurry up yourself into

seeing with those digits because everything would really come in time and it would really depend on the demand itself because everything could really be that unpredictable.

Lets just wait for the right moment and dont expect that this would be a smooth sail ride.

BITCOIN4X

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Quote from: Abiky on March 01, 2022, 01:09:07 PM

Remember: "Patience is a virtue". As long as you're patient, you'll be able to obtain great results in the future. Who knows if Bitcoin ends up "beating" Fiat for good? Just my thoughts Grin

Patience is the key, it keeps repeating itself but a lot of people can't make it on this investment due to lack of experience, fear of losing or something else. Optimism is necessary but only to the extent of what one can bear to lose. It doesn't matter if they only prioritize short-term profits as long as they make profits because in the long term the price doesn't guarantee everyone can profit if the holder can't keep their wallet safe.

Bitcoin investment is not just about the risk of price volatility but in most cases I think users are also complaining about the security risks they have to face even though in principle it is the fault of the users themselves.

Abiky

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Quote from: ReiMomo on February 25, 2022, 12:50:05 PM

A long correction. Not sure how long the correction would loss. But on the other hand, would like to understand the market how it moves. More demand to it increases the price. Whales are now silent accumulating more and thats why the market is slowly moving up? However, its the right time to invest and pile up more bitcoin as well as other crypto currencies. Always, when there is a long correction, there has been a hype followed. Lets wait for it.

Exactly. There's always a long correction after each hype cycle. Anything that goes up has to come down, right? Fortunately, Bitcoin won't dive further in price due to its extremely-limited supply. By combining deflation and high demand, we should be able to see high prices within the not-so-distant future. $75k is nothing if Bitcoin continues to gain traction in the mainstream world. Those who're in a hurry to see a "bullish" Bitcoin are nothing more than newcomers willing to make a "quick buck". The rest of the people (mainly experienced crypto traders and investors) are patiently waiting for Bitcoin to rise back up again in order to reap up huge rewards.

Remember: "Patience is a virtue". As long as you're patient, you'll be able to obtain great results in the future. Who knows if Bitcoin ends up "beating" Fiat for good? Just my thoughts Grin

Luzin

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This is just the beginning of the year and businesses are not that stable for now which is why the market is not also stable. The market is doing well now and I am very certain that with time we are going to exceed $70K which is going to happen soon. The Market is positive and I am looking at more move this new week. Since the market does not move in a straight line, retracement is a necessity in the market movement.

Today's market looks fun, the market is green again. Actually, the news of the war between Russia and Ukraine had made the fundamentals bad for Bitcoin. Russia is the third largest bitcoin miner. Of course, the fear of a price decline was there. But it doesn't seem to have much effect, today Bitcoin has passed one strong resistance in the $43,500 area. A good start to March, I hope the bulish trend will take place soon.

Zilon

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Bitcoin price rushed too fast last year so was the market capitalization too. To strike a balance between demand and supply in the Bitcoin price might take a process of time. No matter how people switch from fiat to Bitcoin it won't make the price move up so instantaneously because the market moves in two direction up and down and its ATH as at last year was too alarming so expecting a retracement to make a balanced is much expected.

elisabetheva

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There are a lot of things that affect BTC price, it will not always trend sometimes it will also drop down because of panic seller and those who are weak hands in terms of holding. For now btc price drop and I believe that the conflict of the two countries Russia and Ukraine make BTC price fall.

maybe the conflict between russia and ukraine is some of the problems that have caused bitcoin to slump, but before the conflict, bitcoin was indeed unable to rise sharply above $50k. from the beginning of this year, it was only able to increase to only $47k, the rest continued to decline and held in the $35K-$44K range.

I'm more inclined, people holding bitcoins now, such as fear of being able to hold on any longer (panic sellers) and fear of a decline below $30K, so they let go so they don't suffer more losses. but fortunately there are still many institutions that can still hold it so that bitcoin does not continue to sink.

ReiMomo

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Quote from: Abiky on February 25, 2022, 09:56:58 AM

Quote from: StarKay on February 22, 2022, 04:59:11 PM

That's because not too many people see bitcoin as a store of value when you compare it to those who keep their investment in fiat or other assets.

BTC from what I know wasn't supposed to be paired with fiat and also ought not to have a centralised value, it should have been a medium of exchange between two parties who don't want government interference in their transactions.

But I think that as of today, BTC is more of a speculative asset than any other thing (store of value, cash payment system) but if there is massive adoption and BTC is used for daily txs, we will see it gain steadily and continuously against the failing fiat currencies. For now it is mostly speculative hence you should expect price volatility.

Exactly. Most people haven't even heard about Bitcoin, so it's going to take some time before the cryptocurrency matures in the mainstream world. While adoption has certainly increased over the past 4 years, there's still a lot to achieve for Bitcoin to reach a wider audience. If you're patient enough, you'll be able to sell Bitcoin at prices well above $75k. Things are just going down temporarily due to negative events happening in the real world (like the Russia-Ukraine war). In times of crisis, Bitcoin proves to be a true winner as it's a censorship-resistant kind of money no one can stop. The more people become aware of Bitcoin, the faster the cryptocurrency will soar towards far beyond just $75k per coin.

Some experts say Bitcoin will reach $1m due to the limited supply and ever-increasing demand. Buying and "hodling" BTC now would be the wisest decision you can make. As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Just my thoughts Grin

A long correction. Not sure how long the correction would loss. But on the other hand, would like to understand the market how it moves. More demand to it increases the price. Whales are now silent accumulating more and thats why the market is slowly moving up? However, its the right time to invest and pile up more bitcoin as well as other crypto currencies. Always, when there is a long correction, there has been a hype followed. Lets wait for it.

Abiky

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Quote from: StarKay on February 22, 2022, 04:59:11 PM

That's because not too many people see bitcoin as a store of value when you compare it to those who keep their investment in fiat or other assets.

BTC from what I know wasn't supposed to be paired with fiat and also ought not to have a centralised value, it should have been a medium of exchange between two parties who don't want government interference in their transactions.

But I think that as of today, BTC is more of a speculative asset than any other thing (store of value, cash payment system) but if there is massive adoption and BTC is used for daily txs, we will see it gain steadily and continuously against the failing fiat currencies. For now it is mostly speculative hence you should expect price volatility.

Exactly. Most people haven't even heard about Bitcoin, so it's going to take some time before the cryptocurrency matures in the mainstream world. While adoption has certainly increased over the past 4 years, there's still a lot to achieve for Bitcoin to reach a wider audience. If you're patient enough, you'll be able to sell Bitcoin at prices well above $75k. Things are just going down temporarily due to negative events happening in the real world (like the Russia-Ukraine war). In times of crisis, Bitcoin proves to be a true winner as it's a censorship-resistant kind of money no one can stop. The more people become aware of Bitcoin, the faster the cryptocurrency will soar towards far beyond just $75k per coin.

Some experts say Bitcoin will reach $1m due to the limited supply and ever-increasing demand. Buying and "hodling" BTC now would be the wisest decision you can make. As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Just my thoughts Grin

perfect999

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There are a lot of things that affect BTC price, it will not always trend sometimes it will also drop down because of panic seller and those who are weak hands in terms of holding. For now btc price drop and I believe that the conflict of the two countries Russia and Ukraine make BTC price fall.

What exactly is making people think that the war pressure between Ukraine and Russia is the reason why the price of Bitcoin has been dropping? Even both these countries have declared Bitcoin legal asset in their countries as of recent, so the dip in Bitcoin price has nothing at all to do with whatever conflict they may be having right now.

And in case you forgot, the price of Bitcoin has already started dropping long before now, so I don’t get why some people are trying to use this event that started as of recent to say that it is the cause of the Bitcoin price falling, when we all know that it is not true. After every bull run the price of Bitcoin usually dips, though there are things that might as a catalyst for it to happen, but in this case it has nothing to do with Russia and Ukraine.

Tony116

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Definitely hit 75k$, even 100k$, 200k$, but we need more time. To reach the recent ATH of 68k$, Bitcoin had to go through several price drops, even supposedly a dead Bitcoin bubble. The cryptocurrency industry is very young, it takes time to mature. Adjusted is needed to purge and find the ultimate gems.

dezoel

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You have to chill. We all know that Bitcoin will get to $100,000 for sure, but it is not going to happen in a hurry, it takes time for the market make every move.

It took a very long time before we arrived at this current price we are at today (and reaching an ATH of over $60,000). Same way that you are aware of inflation, I believe that other people out there are also aware of it, even if they are not investing in Bitcoin.

People have been surviving inflation for many years now, so I don’t think this one is going to be anything different, people will also survive. All of us won’t be investing in Bitcoin, everyone have what they feel is best for them to do, and it’s good you chose Bitcoin, so try to focus.

StarKay

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That's because not too many people see bitcoin as a store of value when you compare it to those who keep their investment in fiat or other assets.

BTC from what I know wasn't supposed to be paired with fiat and also ought not to have a centralised value, it should have been a medium of exchange between two parties who don't want government interference in their transactions.

But I think that as of today, BTC is more of a speculative asset than any other thing (store of value, cash payment system) but if there is massive adoption and BTC is used for daily txs, we will see it gain steadily and continuously against the failing fiat currencies. For now it is mostly speculative hence you should expect price volatility.

pawanjain

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Quote from: btc_angela on February 22, 2022, 04:36:41 AM

Quote from: coolcoinz on February 21, 2022, 07:46:30 PM

IMO it's undervalued at the moment. The fair value of Bitcoin based on log curves is somewhere around 40k USD. This doesn't mean we can't go lower, we can and we will because bitcoin often goes above and below the fair value but keep in mind that in 2018 that fair value was around 5k USD, so there was not much room to the downside. Like at this point we can go lower but 30k would be a bargain at this point and traders know it. At the same time 50k is just around the corner. Every time Bitcoin went below the fair value it returned above it in the next 6 months.

We did touch lower than $40k right now, I've seen it goes down to $36k the lowest so far after we have a brief run to $45k a week ago.

Definitely, it's a bargain if the price is around $30k, the question is are speculators going to buy at this current price or will still wait till the price goes down a bit more. And with the looming war, will it goes below $30k? Lots of uncertainty around, but we really need to be very wise in making our decision.

The only decision I made is to HODL strong throughout these spikes in the current market. I may be missing out on the volatility.
But I will definitely gain some greens in the long run. I personally don't think bitcoin will go below $30k.
It has a very good support at that level and its heard to breach beyond.
Currently its at $37k and I think we might see bitcoin going sideways for the next few months

boyptc

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Quote from: aruldaroy on February 22, 2022, 05:15:38 AM

In my opinion for now there is no decision to buy at $37k, but now I'm still delaying it because I want to wait for the bitcoin price to drop to $35k, so I will have a little profit when I wait for the bitcoin price to return to $40k.

Decide or not.

There have been folks that have told that they're going to buy if ever bitcoin has reached a price below $40k. And now that it has met that price level.

We don't know if they have followed what they've said and if they've really bought at these levels. The highest price for the next bull run is likely to be a substantial amount that will shock the world again. But this time, we're not yet there.

aruldaroy

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Quote from: btc_angela on February 22, 2022, 04:36:41 AM

Quote from: coolcoinz on February 21, 2022, 07:46:30 PM

IMO it's undervalued at the moment. The fair value of Bitcoin based on log curves is somewhere around 40k USD. This doesn't mean we can't go lower, we can and we will because bitcoin often goes above and below the fair value but keep in mind that in 2018 that fair value was around 5k USD, so there was not much room to the downside. Like at this point we can go lower but 30k would be a bargain at this point and traders know it. At the same time 50k is just around the corner. Every time Bitcoin went below the fair value it returned above it in the next 6 months.

We did touch lower than $40k right now, I've seen it goes down to $36k the lowest so far after we have a brief run to $45k a week ago.

Definitely, it's a bargain if the price is around $30k, the question is are speculators going to buy at this current price or will still wait till the price goes down a bit more. And with the looming war, will it goes below $30k? Lots of uncertainty around, but we really need to be very wise in making our decision.

In my opinion for now there is no decision to buy at $37k, but now I'm still delaying it because I want to wait for the bitcoin price to drop to $35k, so I will have a little profit when I wait for the bitcoin price to return to $40k.

btc_angela

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Quote from: coolcoinz on February 21, 2022, 07:46:30 PM

IMO it's undervalued at the moment. The fair value of Bitcoin based on log curves is somewhere around 40k USD. This doesn't mean we can't go lower, we can and we will because bitcoin often goes above and below the fair value but keep in mind that in 2018 that fair value was around 5k USD, so there was not much room to the downside. Like at this point we can go lower but 30k would be a bargain at this point and traders know it. At the same time 50k is just around the corner. Every time Bitcoin went below the fair value it returned above it in the next 6 months.

We did touch lower than $40k right now, I've seen it goes down to $36k the lowest so far after we have a brief run to $45k a week ago.

Definitely, it's a bargain if the price is around $30k, the question is are speculators going to buy at this current price or will still wait till the price goes down a bit more. And with the looming war, will it goes below $30k? Lots of uncertainty around, but we really need to be very wise in making our decision.

coolcoinz

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IMO it's undervalued at the moment. The fair value of Bitcoin based on log curves is somewhere around 40k USD. This doesn't mean we can't go lower, we can and we will because bitcoin often goes above and below the fair value but keep in mind that in 2018 that fair value was around 5k USD, so there was not much room to the downside. Like at this point we can go lower but 30k would be a bargain at this point and traders know it. At the same time 50k is just around the corner. Every time Bitcoin went below the fair value it returned above it in the next 6 months.

Topic: How come BTC is not at least $75,000 yet? - page 5. (Read 1921 times)