How come BTC is not at least $75,000 yet? - page 8.

TheGreatPython

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Quote from: Luzin on February 06, 2022, 06:30:01 PM

If for now maybe the price has not been able to reach what the author said. Adoption hasn't been done much, but it doesn't seem to matter. Right now the cycle does require bitcoin to go down in price, but I hope with the many adoptions it doesn't happen. If you look after the previous halving the market seems almost the same. I hope that cycle will repeat itself towards highs back after halving 2024. But prices go higher faster it looks like it's going to be better.

For sure the cycle is going to repeat itself again after the halving in 2024. But funny enough some people are still going to doubt it, and they will miss the opportunity again. This is not the first time that it was being said, a lot of times it has been repeated, and some people still never listen.

I have been making use of this tactics to make so many profit through Bitcoin, and the bullish period has always been my main time to make serious profits from Bitcoin, starting from the time I started investing. I never missed the 2017 bull run, and I also didn’t miss the bull run that took place 2021. I have also started making my investment now in Bitcoin and a few other coins that I believe would be increasing in value when the time comes, and I’m going to hold them tightly until the bull run arrives.

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Quote from: stadus on February 06, 2022, 12:32:46 PM

Some countries have started to adopt bitcoin not just as a store of value but as a legal tender, so it will only take few more years before all the countries will see the worth of bitcoin and starts to adopt it. Although bitcoin is already legal in some developed countries, but the adoption rate is still low. However, we can't expect for bitcoin to jump to $75k as its price still matter on its supply and demand, and with market sentiments too. If investors will always be afraid to invest in bitcoin because of the higher risk, that will create a barrier from bitcoin reaching another all time high.

The low adoption rate is influenced by the risks involved when using bitcoin. The high volatility makes some countries still think about fully adopting bitcoin. But even so, bitcoin is currently a very valuable digital asset and is capable of becoming a digital asset that has captured the world's attention. Some developing countries regulate bitcoin as a commodity asset and few have adopted it as a legal payment. Only el Salvador implements legal payments using bitcoin and it is an example of a country willing to try new and revolutionary things and make bitcoin a profitable business.

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

I understand your frustration with the volatility of BTC. One of the biggest pieces of advice I can offer is to just be patient and stay the course.
With a truly revolutionary technology like BTC it can take time to mature but people, organizations and governments all around the world are already seeing the value and market adoption is reaching staggering levels.
If you practice patience and try not to pay attention to every correction you will feel a lot more peace of mind.

It was a practical response to answer most of the doubts among people about the bitcoin price. The bitcoin price has been built on the trust of adopters, traders, private investors, institutional investors and others since its early years until now. Patience will only increase the chances of getting a commensurate profit and it is true that bitcoin is not an asset that can make us rich overnight.

I prefer to call it risk management because patience is also included in one of the main points besides analysis, choosing a safe wallet, securing a wallet and so on. I remember early investors getting good returns because they have considered more risk and also have great patience to hold bitcoin long term, so if they can do it in the first place why can't we do it now.

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Quote from: pushups44 on February 05, 2022, 08:12:00 PM

In hindsight, especially as we approach the next halving of 2024, I agree people will be kicking themselves for not buying more bitcoin, especially when it was under $40,000. However, this market is extremely volatile and with looming rate hikes it should be of no surprise that the price is not $75,000 or higher. Also, the S2F model looks like it's getting severely tested with the reality of the law of diminishing returns.

I agree though that we'll blast way past $75,000 by 2025!

Of course. There's always a possibility for Bitcoin to reach a new All-time-high. High demand and the extremely-limited supply will get us to $75k within the next halving. The reason why Bitcoin isn't worth $75k right now it's because the crypto hype has somewhat faded. People are now focused on other things, leading us to a major depression on crypto market prices.

I'd say this is an opportunity to buy "cheap" Bitcoin before it's too late. Fiat's inflation is on the rise, so it should only be a matter of time before most people "flock" into Bitcoin as a safe-haven asset. With how quickly Bitcoin has grown since day one, I think it'll replace Gold in the future. Remember, patience is key towards long-term success. As long as you're patient, you'll be on a road towards untold riches. Just my opinion

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Quote from: Yamifoud on February 07, 2022, 05:21:02 AM

But I guess not, he only wants to know why it never reach $75k even the adoption had to continue and even many establishments have already accepted Bitcoin. I can really find his patience but indeed, he is quite surprised that the price move slowly as many (experts/not experts) are expecting it reaches $100k last year but until now, it was not.
I guess, keeping peace in minds never works if we keep seeing on the market trend and I think, that is OP need to do.

I think we should be used to surprises that cryptocurrency offers from time to time because of the volatility. Each and everyone has their own kind of predictions and speculations on the possible attainable price of bitcoin last year because of the good market flow by the 2nd to 3rd quarter of the year 2021. But yes, we don't have to feel frustrated about it if we are been in this industry for a quite some time and indeed a patience is a virtue and that's one of the core values that every member would like to impart especially to newbies.

KaliLinux

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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 want to believe more than 50% of the investors in here didn't feel the same way they feel now about Bitcoin like 10 years ago. Adoption might be slow even from areas you think should be quick i.e the educated folks but we see people today still not believing in Bitcoin investment because most are too scared to change and a bit more skeptical about what they cant hold regardless of its value.

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Quote from: chikading2016 on February 06, 2022, 08:54:39 PM

BTC is now start to be bullish again and I believe that very soon we will see another ATH this year so we need to have patience because not everything will happen according to what we plan, sometimes our investment plan will lead us to lossing so we always need to be patience for good.

Yes, that's an investment, there must be advantages and disadvantages. We don't always get profits and we don't always experience losses, everything will spin. But in bitcoin I think it just takes patience for us to take advantage.
As we know, a few days ago bitcoin went down and made some people panic. But today bitcoin is showing very good development, although not completely, but this is good news.

Because investing in crypto is very risky, we must prepare everything carefully. So if something bad happens, we can be better prepared to deal with it.
But compared to altcoins, investing in Bitcoin is lower risk. Because Bitcoin is the safest for investment, as long as we can be patient, then we can
get profit from Bitcoin. 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.

Yamifoud

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

I understand your frustration with the volatility of BTC. One of the biggest pieces of advice I can offer is to just be patient and stay the course.
With a truly revolutionary technology like BTC it can take time to mature but people, organizations and governments all around the world are already seeing the value and market adoption is reaching staggering levels.
If you practice patience and try not to pay attention to every correction you will feel a lot more peace of mind.

But I guess not, he only wants to know why it never reach $75k even the adoption had to continue and even many establishments have already accepted Bitcoin. I can really find his patience but indeed, he is quite surprised that the price move slowly as many (experts/not experts) are expecting it reaches $100k last year but until now, it was not.
I guess, keeping peace in minds never works if we keep seeing on the market trend and I think, that is OP need to do.

peter0425

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

I understand your frustration with the volatility of BTC. One of the biggest pieces of advice I can offer is to just be patient and stay the course.

He is not frustrated actually instead he is desperately asking about what is the reason when bitcoin can easily reached and even break that price.

Quote

With a truly revolutionary technology like BTC it can take time to mature but people, organizations and governments all around the world are already seeing the value and market adoption is reaching staggering levels.

Yups , many countries are considering adoption or at least accepting bitcoin , there are businesses opening accepting crypto specially bitcoin even coffee shop and groceries .

Quote

If you practice patience and try not to pay attention to every correction you will feel a lot more peace of mind.

Look at OP's account does it looks like he has no patience ? lol he is capable of waiting for long time .

mich

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I understand your frustration with the volatility of BTC. One of the biggest pieces of advice I can offer is to just be patient and stay the course.
With a truly revolutionary technology like BTC it can take time to mature but people, organizations and governments all around the world are already seeing the value and market adoption is reaching staggering levels.
If you practice patience and try not to pay attention to every correction you will feel a lot more peace of mind.

ShowOff

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Quote from: chikading2016 on February 06, 2022, 08:54:39 PM

BTC is now start to be bullish again and I believe that very soon we will see another ATH this year so we need to have patience because not everything will happen according to what we plan, sometimes our investment plan will lead us to lossing so we always need to be patience for good.

Bitcoin is a highly volatile digital currency, ATH is always possible. We know bitcoin has hit $69K in November 2021, but there is always hope to see its price hit higher levels than before in 2022 or the following year. I've never been pessimistic about ATH, but I have my doubts about timing. Some analyzes conclude by 2022 the bitcoin price could be higher than $70K, but some other analyzes conclude it will stay below $50K. I don't know which one we're going to, but the analysis could be wrong.

I don't think ATH matters if we never own bitcoin, and that's ridiculous. But ATH is important when we have invested in bitcoin to get a commensurate return in the future. Now that the post-correction bitcoin price recovery is starting to take place, $42K has been breached and now $45K has become a target of resistance which will soon be broken as well.

btc78

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Quote from: chikading2016 on February 06, 2022, 08:54:39 PM

BTC is now start to be bullish again and I believe that very soon we will see another ATH this year so we need to have patience because not everything will happen according to what we plan, sometimes our investment plan will lead us to lossing so we always need to be patience for good.

Another ATH this year? lol this wont be happening mate sorry to pause your beliefs but I see no big reason why this needs to happen now, look at the issues we are having , there are near to come war in Russian territory against Ukraine , and there are so many FUD in the world.
best to not expect that much because this will bring you losses in case you over estimated .

Quote from: Maisha breedlove on February 06, 2022, 05:46:25 AM

it almost did but some powerful people caused it to crash because it almost put fiat in the shadows of crypto currencies.

Lol that is not Almost because price short by 7k and that is a Big amount to just happen like that.
meaning we must accept that this year and last year is not the time for that level.

chikading2016

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BTC is now start to be bullish again and I believe that very soon we will see another ATH this year so we need to have patience because not everything will happen according to what we plan, sometimes our investment plan will lead us to lossing so we always need to be patience for good.

pushups44

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Quote from: virtualdn on February 06, 2022, 05:32:29 AM

Quote from: pushups44 on February 05, 2022, 08:12:00 PM

In hindsight, especially as we approach the next halving of 2024, I agree people will be kicking themselves for not buying more bitcoin, especially when it was under $40,000. However, this market is extremely volatile and with looming rate hikes it should be of no surprise that the price is not $75,000 or higher. Also, the S2F model looks like it's getting severely tested with the reality of the law of diminishing returns.

I agree though that we'll blast way past $75,000 by 2025!

2025?

In my humble opinion we will reach $75,000 this year. Year 2025 could see prices like $200,000 for a BTC, just saying. I'm very maximalist when it comes to BTC price.

Yes, I also think we could easily see $200,000 by 2025, but the law of diminishing returns seems to be staring into the face of those who were expecting the price to be exponentially higher. Clearly, with a limited supply and growing network, it's only a matter of time before we are in the six figures. I just think a little more patience is needed to reach this goal. If we reach six figures this year, great; if not, it's only a matter of time!

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Quote from: stadus on February 06, 2022, 12:32:46 PM

Although bitcoin is already legal in some developed countries, but the adoption rate is still low. However, we can't expect for bitcoin to jump to $75k as its price still matter on its supply and demand, and with market sentiments too. If investors will always be afraid to invest in bitcoin because of the higher risk, that will create a barrier from bitcoin reaching another all time high.

If for now maybe the price has not been able to reach what the author said. Adoption hasn't been done much, but it doesn't seem to matter. Right now the cycle does require bitcoin to go down in price, but I hope with the many adoptions it doesn't happen. If you look after the previous halving the market seems almost the same. I hope that cycle will repeat itself towards highs back after halving 2024. But prices go higher faster it looks like it's going to be better.

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The values of fiat currencies is losing weight every time so some one who is serving Money in the bank is just making he or her money to loose values, because instead of the money to appreciate to an extent but the will continue to depreciates continuously, but banking with cryptocurrencies which is Bitcoin and ethereum and some other coins will not allow you to lose values compared to fiat currency values, i think Bitcoin have taken advantage over fiat

It is not that it has taken advantage of the fiduciary currency, but that for people to take a value and can talk about it, it is assigned the value in FIAT as USD or Eur, this to give an idea of the price of BTC plus it is not the value, because the value is much greater than BTC, we are only speculating because honestly many do not understand the difference between price and value, and obviously people who do not know much do not see the value, but they see the price, and the only way they can do it is with strong and representative hegemonic currencies.

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Quote from: AakZaki on February 06, 2022, 11:57:49 AM

Quote from: molsewid on February 04, 2022, 03:46:41 PM

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.

Those who continue to be afraid of bitcoin because there is no full support by the government in some countries certainly cannot take advantage of this opportunity well. Now many are starting to adopt bitcoin. Cryptocurrencies are the future of decentralized payments that are more transparent and efficient. much that can be used to develop even better payment methods. Cryptocurrencies are also feared because of rapid price fluctuations and the risk of losing value quickly, but on the other hand there will be value added quickly. Scam or losing is a choice that can be made because all will not escape the scam and lose including Fiat. Bitcoin continues to be developed and much favored by modern people today.

Some countries have started to adopt bitcoin not just as a store of value but as a legal tender, so it will only take few more years before all the countries will see the worth of bitcoin and starts to adopt it. Although bitcoin is already legal in some developed countries, but the adoption rate is still low. However, we can't expect for bitcoin to jump to $75k as its price still matter on its supply and demand, and with market sentiments too. If investors will always be afraid to invest in bitcoin because of the higher risk, that will create a barrier from bitcoin reaching another all time high.

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Quote from: molsewid on February 04, 2022, 03:46:41 PM

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.

Those who continue to be afraid of bitcoin because there is no full support by the government in some countries certainly cannot take advantage of this opportunity well. Now many are starting to adopt bitcoin. Cryptocurrencies are the future of decentralized payments that are more transparent and efficient. much that can be used to develop even better payment methods. Cryptocurrencies are also feared because of rapid price fluctuations and the risk of losing value quickly, but on the other hand there will be value added quickly. Scam or losing is a choice that can be made because all will not escape the scam and lose including Fiat. Bitcoin continues to be developed and much favored by modern people today.

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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.

Because there is nothing to prove about bitcoin capacity for this time being , maybe if you ask for at least 1 year to 3 years from now . but looking for long term? bitcoin will go further that that 100k? that is still low for the incoming value but when? then that is something we must ask and need answer.

Quote from: Maisha breedlove on February 06, 2022, 05:46:25 AM

it almost did but some powerful people caused it to crash because it almost put fiat in the shadows of crypto currencies.

68,000$ is the highest so maybe 7k is too far to achieve , then best to keep waiting or else sell your coins now that is the best you can have now.

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it almost did but some powerful people caused it to crash because it almost put fiat in the shadows of crypto currencies.

Topic: How come BTC is not at least $75,000 yet? - page 8. (Read 1921 times)