How come BTC is not at least $75,000 yet? - page 7.

Kasabus

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Quote from: noormcs5 on February 09, 2022, 11:21:00 AM

Quote from: ?? on ??

Bitcoin is long term investment i think. People who lucky were they didn’t panic sell when bitcoin dropped and under $34k.Few years people interested in cryptocurrency investment increase day by day.For me,im very lucky to buy when bitcoin price under $34k and I'm long term holding bitcoin i hope bitcoin price will be more increase and more development i think bitcoin price will hit $75k+ next 1-2 years.

Bitcoin dropped to 33,000$ and many people have sold their holding at that point because of the overall fear in the market. Now those people would be regretting as bitcoin is now 43,000$. People need to understand that at the macro level the bitcoin is bullish and it will remain bullish. The corrections will come in between and sometimes the correction can last for 3 months, 6 months or even a year. The reason for these corrections is that bitcoin is usually move parabolic upwards and people who bought bitcoin at lower price, they book their profits and then buy back again at lower prices.

Investors should know that a correction aside from creating an ideal time to buy high-value assets at discounted prices, it will also push the price of bitcoin to move even higher after a correction is done. So we should not be fearful every time it happens. Instead, it's good to become greedy when we see good opportunities to invest again in the market so we can maximize the profits once the bullish season will be here soon.

isaac_clarke22

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Quote from: Abiky on February 09, 2022, 07:43:10 AM

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I kind of half-agree with this. Maybe they knew that Bitcoin is top of all in crypto but since it is kind of too expensive right now to buy, they're turning their money to these whatever trends you mentioned. I do not agree that it literally "gets left in the dust", otherwise it's a shitcoin right now and there are still many strong holders out there regardless of the trends in here.
Who knows where Bitcoin will be in the next halving as well? I kind of forgot of that as well.

noormcs5

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Quote from: ?? on ??

Bitcoin is long term investment i think. People who lucky were they didn’t panic sell when bitcoin dropped and under $34k.Few years people interested in cryptocurrency investment increase day by day.For me,im very lucky to buy when bitcoin price under $34k and I'm long term holding bitcoin i hope bitcoin price will be more increase and more development i think bitcoin price will hit $75k+ next 1-2 years.

Bitcoin dropped to 33,000$ and many people have sold their holding at that point because of the overall fear in the market. Now those people would be regretting as bitcoin is now 43,000$. People need to understand that at the macro level the bitcoin is bullish and it will remain bullish. The corrections will come in between and sometimes the correction can last for 3 months, 6 months or even a year. The reason for these corrections is that bitcoin is usually move parabolic upwards and people who bought bitcoin at lower price, they book their profits and then buy back again at lower prices.

BlackHatCoiner

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Quote from: mk4 on February 03, 2022, 05:50:09 AM

Pretty simple.

1. A lot of people(especially in 1st world countries like the US) are living comfortably thinking they they don't need bitcoin.
2. A lot of institutional money(or people in general) still think that bitcoin is a scam/fad.
3. Still, even today in 2022, only a very small majority of people(and bitcoin holders) actually knows it's importance. Most are here thinking that it's a get-rich-quick scheme.

I'm adding others too;

4. Some are afraid from the price fluctuations and consider it financially risky move, which is not true if you zoom out and see how it moves averagely.
5. Some believe altcoins are better than Bitcoin, which I don't want to opinionize as it's off-topic.
6. Some are misinformed.
7. And finally, there are people whose character doesn't fit in Bitcoin. Antithesis is a living example.

Quote from: pooya87 on February 03, 2022, 05:57:20 AM

Granted we are sitting at a weird price today that in my opinion is heavily under the intrinsic value but you have to admit that if you zoom out you see a significant rise.

What's the intrinsic value we're under of? Based on what? S2FX?

Abiky

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Quote from: Bitstar_coin on February 08, 2022, 01:55:45 PM

You're somewhat right, lot's of money is also going into metaverse, nft, defi and what have you these days so it is no longer just btc, many investors have diversified, they believe there is more money to be made in these macros projects than in btc,

besides, the price to buy 1 btc is already high and it will be hard to x5, x10 or so from it than from these low cap projects, but these are just a small percentage of people compared to the vast majority of institutional investors in btc imo,
But I think this is not only the reason why btc isn't above $75k by now, probably this constant negative fud is also affecting it's growth somehow.

Exactly. Most investors are focused on "De-Fi", NFTs, and the metaverse, leaving Bitcoin behind in the dust. Of course, that doesn't mean interest into the pioneer cryptocurrency has declined. We've entered a bearish period as the hype has temporarily faded away. As soon as the next halving comes up, Bitcoin's price will never be the same as it is right now.

I'd say $75k is feasible due to BTC's extremely limited supply. It may not be worth that now, but it will be in the future. Remember, patience is key towards achieving success in this wild and crazy world of crypto. As long as you don't spend all of your Bitcoin, you will be fine. Just my thoughts Grin

Bitstar_coin

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Quote from: Bttzed03 on February 03, 2022, 06:24:12 AM

How about the money that went into alts instead of BTC as another reason? It's possible that $75K would have been reached if there was only BTC.

I've seen a diagram showing the flow of money in different phases of a bull market and it's something like Fiat > BTC > Large Caps > Medium Caps > Low Caps/Gems then goes back to fiat/stable coins once the market turns bearish. The process is repeated market cycle.

You're somewhat right, lot's of money is also going into metaverse, nft, defi and what have you these days so it is no longer just btc, many investors have diversified, they believe there is more money to be made in these macros projects than in btc,

besides, the price to buy 1 btc is already high and it will be hard to x5, x10 or so from it than from these low cap projects, but these are just a small percentage of people compared to the vast majority of institutional investors in btc imo,
But I think this is not only the reason why btc isn't above $75k by now, probably this constant negative fud is also affecting it's growth somehow.

amishmanish

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Quote from: Bttzed03 on February 03, 2022, 06:24:12 AM

How about the money that went into alts instead of BTC as another reason? It's possible that $75K would have been reached if there was only BTC.

I've seen a diagram showing the flow of money in different phases of a bull market and it's something like Fiat > BTC > Large Caps > Medium Caps > Low Caps/Gems then goes back to fiat/stable coins once the market turns bearish. The process is repeated market cycle.

That would raise the question that why wouldn't that money funnel into those alts considering that Bitcoin does not have the functionality to support smart-contracts at the same scale and ease that ethereum does.

Bitcoin is also an important part of the DeFi built on smart-contracts due to the sheer amount of liquidity that BTC users provide, yet the whole space is getting more and more decoupled. We would certainly start seeing more price oscillations between BTC and the rest of the crypto ecosystem. Frankly though, this whole space would have been a lot better if there was only BTC and ETH without all of these useless Alt-chains with VC backed PoS structures.

Maestro75

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Quote from: KingsDen on February 03, 2022, 02:26:06 PM

The rich
The rich will always go to the bank and borrow the savings of the poor and become richer.

Alot of people do not know this about the influence of the rich on the banks. But I disagree that the poor take their money to the bank. The poor do not have enough cash to operate an account. The little they get are kept in their homes for daily feeding and they do keep it under their pillows or under their beds. Those who have savings in the bank are not poor. They are average or middle income earners.

e_abrams

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Frankly, when BTC falls that low it's probably time to buy more rather than sell, but "Buy low and sell high" seems like an easy approach to trading in theory, but it often turns out to be pretty hard to follow in practice.
I know I was near panic too, when it dropped so much. Sad

e_abrams

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Personally, I think it is too early to tell. Interest in cryptocurrencies has not waned all that much since then, I believe.
Do you think the pandemic was the main reason why cryptos rallied so much?

sarmrakib

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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.

I always feel like that .If i had much amount of money i could buy more what i have bough is still not enough .I always though in the past when i was not familiar with btc and crypto that something will really replace on paper money for sure .Now the world are going through it as when we are starting to use it mostly as a currency .However you have said already that the major top currencies are loosing their value gradually but btc are growing as a asset .We can really able to buy it cheap price still ,i think we will not have that price in future .I think he who have much money don't loose your value to keep it on the bank so that you will become poor in the future for sure .Just think how much the value of paper money you use about 10 years ago and compare it on the recent value you can see you have lost enough value of it .So that we need to be more wise and make work our money to become higher value on the future .

Zanab247

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Yes, there was a massive inflation in some countries right now which many are thinking how to legalized bitcoin in their various country. During the pandemic that took place over two years and some months made bitcoin to perform wonders by pumping through out the period. I guess the price of bitcoin is about to hit back $75k for investors to make a good income from their investment.

Wawa2013

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Quote from: Wawa2013 on February 07, 2022, 05:48:39 AM

So very lucky for people who can be patient and not panic when Bitcoin drops below $35k price, because now Bitcoin has started
to rise again in price, even Bitcoin is already at $42k. Hopefully the positive movement of Bitcoin can make Bitcoin reach the price of $ 45k this week,
and eventually Bitcoin will continue to rise until the ATH price is reached again.

Looking at it now, they would regret selling at a time when bitcoin was down recently. And those who buy I think they will smile, because they have certainly made a profit.
Yes, this is a valuable lesson, patience will bear sweet fruit for those who do it.
And like you, I believe bitcoin will hit a new ATH.

The increase in the price of Bitcoin to the price of $44k certainly makes people happy who have bought Bitcoin at a low price. And make some
people disappointed and regret for selling the Bitcoin they have when the Bitcoin price falls. This Bitcoin price increase also proves that we really
have to be patient when the Bitcoin price drops and don't panic to sell it at a low price. Several times Bitcoin can always recover when the price
drops, so another lesson when the price of Bitcoin drops is that we have to buy as much Bitcoin as we can afford. Like when the price of Bitcoin
fell to $33k, if we bought Bitcoin at that time, then now we can make a profit. But if we want to buy Bitcoin at the current price, it's actually not
a problem, because I believe the price of Bitcoin will continue to rise. So wanting to buy Bitcoin at any price can make a profit, as long as we can
be patient and wait until the target we want is achieved.

Emitdama

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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.

Everyone is not the same, not everyone you see has the same reasoning as you. Yes, you see the opportunity in Bitcoin, but not everyone sees that kind of opportunity, because their mentality is different. So, for you as long as you are seeing that opportunity you should always utilize it and make sure that you're making the best of it.

For those who don’t see the opportunity and after they are being told refuses to still see it, then when the consequences comes they will be the one to suffer it. And moreover not everyone is going to benefit from Bitcoin, it’s just going to be a few people, there would be those who would miss it and there would be those who would invest and still lose.

btc78

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Quote from: Dunamisx on February 08, 2022, 04:13:16 AM

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.

Though its the principle behind volatility which is a determinant of demand and market supply for bitcoin, the number of coin in circulation, mining and coin burning, whales and hodlers of bitcoin and the current state are also determining factors, this year is another opportunity for bitcoin to set a new record after the bearish move as of recent.

But the question is " would bitcoin really can make another ATH this year of 2022"?

sorry for the question but it seems that there is no good reason for this growth now?> what you think? i am not saying that bitcoin is not worth increasing but what I am saying is not like 2021 that big companies are investing , this year it seems like there are no big adoption coming.

Dunamisx

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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.

Though its the principle behind volatility which is a determinant of demand and market supply for bitcoin, the number of coin in circulation, mining and coin burning, whales and hodlers of bitcoin and the current state are also determining factors, this year is another opportunity for bitcoin to set a new record after the bearish move as of recent.

Prosector

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People will not be buying bitcoin unless it shoots up a bit again. This is a trading psychology in which people will not buy an asset if its price has gone down. Once it shoots up, people then would not hesitate to invest even bigger amounts. There are also speculations suggesting that bitcoin may now remain within a certain limit.

yat97

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i am thankful its not that yet. i can buy mor half that price almost now. let the rest of us poor measly plebs catch on the back of the train before it takes off! is how i look at it

mia_houston

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Quote from: isaac_clarke22 on February 07, 2022, 03:55:29 PM

Quote from: mich on February 07, 2022, 02:06:07 AM

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When you're thinking about what he said in the OP, it's not actually impatience. It is more like why people are still into investing in fiats or even centralized stuffs outside crypto.
Government already saw its value and that's why they're trying to regulate it, which is really stupid.

As of writing this, Bitcoin just went past 40k so that's something at least.

Right now bitcoin has been able to break through the price of $43K, and we hope that the positive trend of bitcoin can continue and be able to break its highest price this year, I think for now we just need to be patient and hope that bitcoin can get a strong price boost again in the market, so it's possible that we'll see a $75K price imminent.

isaac_clarke22

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Quote from: mich on February 07, 2022, 02:06:07 AM

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When you're thinking about what he said in the OP, it's not actually impatience. It is more like why people are still into investing in fiats or even centralized stuffs outside crypto.
Government already saw its value and that's why they're trying to regulate it, which is really stupid.

As of writing this, Bitcoin just went past 40k so that's something at least.

Topic: How come BTC is not at least $75,000 yet? - page 7. (Read 1921 times)