Possibilities and chances ! - page 2.

AmoreJaz

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Quote from: South Park on April 08, 2023, 04:38:56 PM

Quote from: Fundamentals Of on April 04, 2023, 08:28:02 PM

The current banking crisis is providing a boost to Bitcoin. Notwithstanding its challenge to reach $30,000, the available supply in the exchanges is dwindling. Although this isn't really a conclusive basis, this suggests something. As soon as demand rises and the supply is falling, the price will definitely rise. It's just a matter of time before the price shoots to beyond $30,000. As far as the new ATH is concerned, I think it will be happening more than a year from now, months after the halving.

As you mention it is too soon to be thinking about the all time high, if we are lucky we could see it next year but this is also unlikely, we will probably have to wait until the third quarter of 2025 to have a realistic chance of seeing a new all time high, but this should not be a problem since this indicates we still have some time to accumulate more bitcoin for a sub 30k price, and while some could complain that they have to buy at almost double the price of the bottom we experimented a few months ago, they have no one else to blame for this but themselves as they wasted such an amazing opportunity to buy bitcoin for a low price.

on the note of achieving a new ATH, it may be far from happening but if we will see positive news, such feat may not hard to come by. however, before wishing to reach such level, why not ask yourself if you are ready for that situation to happen. because you may just regret if such situation will pass you by.

South Park

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Quote from: Fundamentals Of on April 04, 2023, 08:28:02 PM

The current banking crisis is providing a boost to Bitcoin. Notwithstanding its challenge to reach $30,000, the available supply in the exchanges is dwindling. Although this isn't really a conclusive basis, this suggests something. As soon as demand rises and the supply is falling, the price will definitely rise. It's just a matter of time before the price shoots to beyond $30,000. As far as the new ATH is concerned, I think it will be happening more than a year from now, months after the halving.

As you mention it is too soon to be thinking about the all time high, if we are lucky we could see it next year but this is also unlikely, we will probably have to wait until the third quarter of 2025 to have a realistic chance of seeing a new all time high, but this should not be a problem since this indicates we still have some time to accumulate more bitcoin for a sub 30k price, and while some could complain that they have to buy at almost double the price of the bottom we experimented a few months ago, they have no one else to blame for this but themselves as they wasted such an amazing opportunity to buy bitcoin for a low price.

Fundamentals Of

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The current banking crisis is providing a boost to Bitcoin. Notwithstanding its challenge to reach $30,000, the available supply in the exchanges is dwindling. Although this isn't really a conclusive basis, this suggests something. As soon as demand rises and the supply is falling, the price will definitely rise. It's just a matter of time before the price shoots to beyond $30,000. As far as the new ATH is concerned, I think it will be happening more than a year from now, months after the halving.

arimamib

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We need time to break the record and it will be difficult to predict when it will happen. Alright you've gone into detail in this thread but I see there's always something new at every stock market opening every week will we have to race on every silly news they do. Here we have to stand tall, I mean we have limited supplies and scarcity will occur at every halving is reached whether it will be related to fiat of course not. The increase will be triggered by our own news (crypto) such as mass adoption or purchases made on a large scale by large companies such as Tesla it will improve us in a better direction or increase significantly.

Baofeng

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Quote from: Nissan24 on April 04, 2023, 01:59:28 AM

The absolute time present, increase price of BTC ! Have any chances to break down the previous record of BTC price? There are lots of things traveling in my mind.I couldn’t but share.According to recent news, The precious metal fell on Monday (April 3) after OPEC Plus announced a sudden cut in oil production.This has raised concerns about rising inflation. Along with that, there is a fear of increasing the interest rate of the central bank.This information has been revealed in a report by the news agency Reuters. In one day, the US benchmark gold supply price also fell by 0.2 percent.The price per ounce stood at 1982 dollars. Stonex analyst Rohana O'Connell said OPEC Plus, a coalition of oil-producing nations and their allies, had decided to cut output unexpectedly. This has created instability in the market of energy products. As a result of which the price of gold has fallen. On the other hand, the price of the major global currency dollar has increased. As far I know gold price diminution chances to increase BTC price.

I'm not really sure if there is a correlation with the oil price and BTC, although we might argue that traditional financial market could have affect the price, still though numbers are rough and we can't conclude correlation. But what we are seeing is that anyone is fearful of the economy, i.e. inflation, rate hike, banking crisis and this could still be the effect of pandemic after three years. And with that, everyone is looking for something the hedge their wealth, thus making BTC as Store of Value (SoV) and this was been tested when the pandemic occurs in 2020, although it might coincide with the bull run, but still though, BTC remain resilient that time and we all know that we reach all time high. So it's sort of a "protect against inflation" crypto.

harapan

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Quote from: Doan9269 on April 04, 2023, 05:54:12 AM

It's a good thing to always considers the world economical situation before engaging on any further analysis of predicting how the future may be, but in this regard, it's not much applicable to bitcoin network because it has it own separate economy other than fiat, which is a decentralized network of blockchain, bitcoin price is not moved by other economical factors or assets because it's independent of any other asset, demand and supply is the determinant of bitcoin price among other few considerations or factors.

This is not entirely true. The things happening in the economy affects bitcoin. An interest increase affects bitcoin, the pandemic affected bitcoin. Like you said, "demand and supply is the determinant of bitcoin", so is every other asset in the world.
Put in simple economic terms, when the demand for bitcoin increases, the price increases, when the demand reduces, the price reduces. Now different factors can determine the demand of bitcoin and that is where the factors affecting the economy comes in. No matter how decentralized bitcoin may be, the people that operate in the industry are people that cannot escape the economy because they live, work, make and lose money in that same economy. So if these players in the economy are affected by different economic factors, it will tell in the economic decisions they make and their decisions can also affect bitcoin price.

el kaka22

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I understand that the fear of another inflation situation does make people worry about the world, and I understand the fear of that, it makes sense. But that doesn't mean that we should be always fearful of this situation. We could always overcome the inflation with bitcoin, and that alone is good enough, the only problem is most of the time our salaries shrink at the face of inflation, I am not living as rich as 2019.

Because since 2020 there has been high inflation and prices didn't drop neither, so I am making about the same money, and yet I am spending a lot more, that's why life is harder obviously but thanks to bitcoin going up, I overcame that issue as well.

Orpichukwu

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Quote from: Ayers on April 04, 2023, 10:18:05 AM

Quote from: Doan9269 on April 04, 2023, 05:54:12 AM

~snip~

I disagree, although bitcoin is decentralized, but it is also an asset and also a part of the economy, it cannot avoid negative as well as positive effects. If it is truly independent of all including fiat, then we should not use fiat to measure its value. And don't tell me you forgot that every time the Fed raises interest rates, bitcoin is very volatile, and the entire financial market fluctuates whenever there is some big news in the world. Not to mention, cryptocurrency is a market that is more susceptible to manipulation than a market based on supply and demand.

We don't measure Bitcoin value to fiat
Rather we measure Bitcoin price to fiat.
There is a significant difference between price and value

Ayers

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Quote from: Doan9269 on April 04, 2023, 05:54:12 AM

It's a good thing to always considers the world economical situation before engaging on any further analysis of predicting how the future may be, but in this regard, it's not much applicable to bitcoin network because it has it own separate economy other than fiat, which is a decentralized network of blockchain, bitcoin price is not moved by other economical factors or assets because it's independent of any other asset, demand and supply is the determinant of bitcoin price among other few considerations or factors.

I disagree, although bitcoin is decentralized, but it is also an asset and also a part of the economy, it cannot avoid negative as well as positive effects. If it is truly independent of all including fiat, then we should not use fiat to measure its value. And don't tell me you forgot that every time the Fed raises interest rates, bitcoin is very volatile, and the entire financial market fluctuates whenever there is some big news in the world. Not to mention, cryptocurrency is a market that is more susceptible to manipulation than a market based on supply and demand.

But given the current economic situation and the recent movements of bitcoin, it is hard to say that it is having a negative impact on Bitcoin.

Doan9269

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It's a good thing to always considers the world economical situation before engaging on any further analysis of predicting how the future may be, but in this regard, it's not much applicable to bitcoin network because it has it own separate economy other than fiat, which is a decentralized network of blockchain, bitcoin price is not moved by other economical factors or assets because it's independent of any other asset, demand and supply is the determinant of bitcoin price among other few considerations or factors.

OcTradism

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Quote from: Nissan24 on April 04, 2023, 01:59:28 AM

This has raised concerns about rising inflation. Along with that, there is a fear of increasing the interest rate of the central bank.

Bitcoin community were in fearful mode when pandemic occurred in late December 2019 but they only dumped bitcoin when World Health Organization (WHO) announced that it is a pandemic, 4 months after it officially announced in China mainland and spread over many nations globally.

A few weeks and months later, people were fearful for inflation, recession but then bitcoin rose a lot, made its new all time high and people said that it rose sharply because of pandemic. Is it true?

In the last year, people said bitcoin fell because of pandemic effects, increasing interest rate, inflation, recession but they just witnessed Bitcoin rose from $16,000 to $30,000 nearly. Now, what is a new fearful type?

Recession, inflation, interest rate, unemployment rate, what is or are reasons?

Nissan24

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The absolute time present, increase price of BTC ! Have any chances to break down the previous record of BTC price? There are lots of things traveling in my mind.I couldn’t but share.According to recent news, The precious metal fell on Monday (April 3) after OPEC Plus announced a sudden cut in oil production.This has raised concerns about rising inflation. Along with that, there is a fear of increasing the interest rate of the central bank.This information has been revealed in a report by the news agency Reuters. In one day, the US benchmark gold supply price also fell by 0.2 percent.The price per ounce stood at 1982 dollars. Stonex analyst Rohana O'Connell said OPEC Plus, a coalition of oil-producing nations and their allies, had decided to cut output unexpectedly. This has created instability in the market of energy products. As a result of which the price of gold has fallen. On the other hand, the price of the major global currency dollar has increased. As far I know gold price diminution chances to increase BTC price.

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