The price of bitcoin is not rising soon!. - page 3.

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Quote from: Popkon6 on May 31, 2023, 11:38:51 PM

Quote from: Godlovesyou on May 11, 2023, 10:51:41 AM

The movement of price index has clearly show that the price will not rise this year, is almost half a year now since the price drops, this is far beyond inflation and fiscal policy of the government, I think bitcoin is suffering heavy weight withdrawals and it might end up been this Stuart for the year.

Out of 100% of international market chats bitcoin is beneath the range price counts of crude oil, gas, gold and diamond, that's means bitcoin is far from rising soon.
What do you think?

Bitcoin price is not fixed. Its price fluctuates constantly but Bitcoin Halving 2020 Bitcoin Price Increases Overnight. And (Bitcoin price continues to rise sharply in 2021). According to this halving cycle, the price of Bitcoin may increase in 2024 but the price of Bitcoin will continue to increase until 2025.
It is currently 2023 so Bitcoin price will not continue to peak. However, some partial patterns of growth can be predicted, but Bitcoin may take a new form very soon. And by 2024-25 the price of Bitcoin may reach millions of dollars.

Bitcoin price probably won't peak in 2023, but saying it won't rise this year is completely false. The price went up from $17k to $30k in the past few months before a correction in May. If someone believes in bitcoin and buys it for 17k, they will get almost double the profit from bitcoin compared to the current price. It's ridiculous that OP says the bitcoin price doesn't increase.

Yes, the new ATH will likely arrive during the next bull season, possibly in 2025, but saying it will hit millions is an exaggeration. I don't even think it's going to cross $200k, let alone millions of dollars in bitcoin.

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Quote from: Joshapat on June 03, 2023, 02:44:34 AM

Things that make the price of bitcoin always volatile because it uses the concept of decentralization so that prices will be easy for dumps or pumps, sometimes price fluctuations in a day can happen unique. And in my opinion another factor is the impact of economic recession that makes many people afraid of investing in Cryptocurrencies which are high risk.

I think the economic recession makes people afraid to be in the Bank, not in cryptocurrency,
because if you look at the chart of Bitcoin in 2023 you will know that the uptrend from $ 16k to $ 30k is the answer,
that the economic recession is not a threat to investing in Bitcoin, rather it is an opportunity to invest in Bitcoin or crypto currency.

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Things that make the price of bitcoin always volatile because it uses the concept of decentralization so that prices will be easy for dumps or pumps, sometimes price fluctuations in a day can happen unique. And in my opinion another factor is the impact of economic recession that makes many people afraid of investing in Cryptocurrencies which are high risk.

Popkon6

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Quote from: Godlovesyou on May 11, 2023, 10:51:41 AM

The movement of price index has clearly show that the price will not rise this year, is almost half a year now since the price drops, this is far beyond inflation and fiscal policy of the government, I think bitcoin is suffering heavy weight withdrawals and it might end up been this Stuart for the year.

Out of 100% of international market chats bitcoin is beneath the range price counts of crude oil, gas, gold and diamond, that's means bitcoin is far from rising soon.
What do you think?

Bitcoin price is not fixed. Its price fluctuates constantly but Bitcoin Halving 2020 Bitcoin Price Increases Overnight. And (Bitcoin price continues to rise sharply in 2021). According to this halving cycle, the price of Bitcoin may increase in 2024 but the price of Bitcoin will continue to increase until 2025.
It is currently 2023 so Bitcoin price will not continue to peak. However, some partial patterns of growth can be predicted, but Bitcoin may take a new form very soon. And by 2024-25 the price of Bitcoin may reach millions of dollars.

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Quote from: lunnatic on May 31, 2023, 02:37:03 AM

for to go New ATH this year Bitcoin in my opinion will not happen,
but going to a minimum of $ 50k can still happen, provided that the Bitcoin price is able to stay at this level or $ 25k,
according to price action, which was difficult a few years ago, it was the same as this,
so I can assume Bitcoin there is still hope in the next year, most importantly $ 50k for Bitcoin first.

Yep. ATH mostly reaches after BTC halving, ideally everyone must understand that it is unlikely to happen this year. But it is difficult to predict the maximum or minimum price to achieve this year, we don't know what to happen in the next few months. However, since there is still a lot of time before the end of the year, it is very possible that the price will rise above $50k. I only expect that the sideways won't last a very long time and there is no huge dump anymore. If there is more positive news in the next months, we may reach $50k sooner.

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The fact that the price has increased so quickly since the beginning of this year is a good sign. Anyway, it shows that the economy and sanctions, as well as interest rate hikes, are not too heavy for bitcoin. Remember, there have been many companies and projects that went bankrupt, but it is not bad for the price to recover to 30k and then slowly decrease sideways in the range of 26–27k. Anything too fast is also good, so we have to adjust accordingly, but with this situation, I think the market will be better at the end of the year.

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Quote from: Etranger on May 31, 2023, 01:26:33 PM

I support the opinion that since the beginning of the year we have seen positive growth statistics for bitcoin. Yes, in recent weeks there has been a fairly noticeable flat and small pullbacks, but do not forget that just a few months ago, Bitcoin was about 16 thousand.

Yes, bitcoin was trading around $16k in the mid-December 2022 to the first week of January 2023. Since then, the bitcoin price has been steadily recovering and is providing quite commensurate returns for its investors. True, maybe close to 100%, but I think 80% is good enough.

Quote from: Etranger on May 31, 2023, 01:26:33 PM

I think every investor ends up evaluating the market based on their own entry and exit points anyway. And to say that we have not seen good moments since the beginning of this year would be a lie. Bitcoin has given and continues to give huge opportunities for earning, despite the fact that ROI is not as colossal as it was at the beginning of the existence of the asset.

Of course it's true, bitcoin has brings holders worth it returns in the long term. Even if you are a holder in the last 5 months since January, then you have also got a good ROI so far. They lie about bitcoin's poor performance so far, maybe not knowing how the market works.

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Quote from: asrinur on May 31, 2023, 05:31:14 AM

I think the bitcoin price has been going up since the start of this year, the crypto market is starting to pick up from the market crash that happened in 2022. Overall market share increased by around 63.81%. Even the price of Bitcoin, has reached its highest level since June 2022 which touched $30,500 last month although then fell again below $30k even now the price of bitcoin is trading in the range of $26k-$27k. Therefore, I am sure that the Bitcoin market will hit again with a very positive performance this year.

I support the opinion that since the beginning of the year we have seen positive growth statistics for bitcoin. Yes, in recent weeks there has been a fairly noticeable flat and small pullbacks, but do not forget that just a few months ago, Bitcoin was about 16 thousand. What we saw in April, when the price rose to 31, is almost a 100% increase. I think every investor ends up evaluating the market based on their own entry and exit points anyway. And to say that we have not seen good moments since the beginning of this year would be a lie. Bitcoin has given and continues to give huge opportunities for earning, despite the fact that ROI is not as colossal as it was at the beginning of the existence of the asset.

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I think the bitcoin price has been going up since the start of this year, the crypto market is starting to pick up from the market crash that happened in 2022. Overall market share increased by around 63.81%. Even the price of Bitcoin, has reached its highest level since June 2022 which touched $30,500 last month although then fell again below $30k even now the price of bitcoin is trading in the range of $26k-$27k. Therefore, I am sure that the Bitcoin market will hit again with a very positive performance this year.

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Quote from: Agbe on May 30, 2023, 05:53:22 PM

That is true. In another time to buy is now. Because now the price is still tender to accumulate more in the future bull time that is coming soon. Yes the price of bitcoin is unpredictable but it can be only speculate how it might be in the next few days to come. Even at that this year amount is preferable than previous own. And before this year will end, we are expecting a tangible result from the market. But the big market is next year to come.

for to go New ATH this year Bitcoin in my opinion will not happen,
but going to a minimum of $ 50k can still happen, provided that the Bitcoin price is able to stay at this level or $ 25k,
according to price action, which was difficult a few years ago, it was the same as this,
so I can assume Bitcoin there is still hope in the next year, most importantly $ 50k for Bitcoin first.

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Quote from: robattfield on May 30, 2023, 05:38:05 PM

No one can predict what the futures market will be like, so there is speculation about where the bitcoin price is going. However, these are just the conjectures of individuals and cannot be guaranteed to be completely true. So the decision is still up to you as to whether you will buy them and hold bitcoin assets at this point. It is still better to see and research carefully whether you accept risks and trade them or diversify investments into altcoins.

We have been watching the market for a long. The price have grown good compared to the starting days of the year. This means there is growth, but it isn't that people are expecting. More price predictions comes forward and we need to consider those as the reference and have our own prediction. For now there is signs of stable move in the price of bitcoin. This is something that is predicted to happen in connection to the halving. So, it is time for everyone to get prepared for the upcoming years halving.

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Quote from: cryptomaniac_xxx on May 29, 2023, 12:41:24 PM

Quote from: South Park on May 25, 2023, 04:15:18 PM

Quote from: Wong Gendheng on May 23, 2023, 03:54:31 AM

Of course now is a difficult thing to see the price of rising in a short time, the number of people who speculate or daily trading makes the price easy for dumps, when there is an increase then they immediately sell because they think that prices will fall again, and in my opinion the best thing at this time is Hold in the long run.

The truth is that the price went up incredibly quickly after the bear market ended and now we are suffering the consequences, something that should not be that surprising as speculators were probably happy already with the profits they have gotten already and they decided to start to sell, so it is likely we are going to get stuck at the current levels for some time as it does not seems as if there is enough strength on the bulls to make the price to go up during the short term.

I don't think it went very quickly, we are still in the bear market, but it was worst last year, we've seen the bottom around $15,500 when the FTX collapses last November and that is the lowest low already. And this 2023 bear market, it was just a recovery, nothing more.

Yeah, it could be that speculators have taken their profits already, but at what price? we are still around $27k-$28k and the highest we've reach is $31k? So for me the profit taking is already price in. What just happen now as why the price is not moving this month is because of the whole easy on the network congestion because of the BRC-20 drama that has taken it's toll on the market.

Yep, now it's just a matter of time when it's time to say fast or not, it depends on each research, but apart from that, of course, we should also be happy with the current conditions, especially if it's showing good signs after a few quarters haven't worked out. well in the previous 2 years.
As for profit taking, it depends on yourself as an investor and it's not wrong to take it now because there is no prohibition for it as long as you are satisfied with the results, then take it, but if you really want to survive, no one regrets that too because we are just need time to recover.

Agbe

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That is true. In another time to buy is now. Because now the price is still tender to accumulate more in the future bull time that is coming soon. Yes the price of bitcoin is unpredictable but it can be only speculate how it might be in the next few days to come. Even at that this year amount is preferable than previous own. And before this year will end, we are expecting a tangible result from the market. But the big market is next year to come.

robattfield

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No one can predict what the futures market will be like, so there is speculation about where the bitcoin price is going. However, these are just the conjectures of individuals and cannot be guaranteed to be completely true. So the decision is still up to you as to whether you will buy them and hold bitcoin assets at this point. It is still better to see and research carefully whether you accept risks and trade them or diversify investments into altcoins.

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Quote from: cryptomaniac_xxx on May 29, 2023, 12:41:24 PM

I don't think it went very quickly, we are still in the bear market, but it was worst last year, we've seen the bottom around $15,500 when the FTX collapses last November and that is the lowest low already. And this 2023 bear market, it was just a recovery, nothing more.

Yeah, it could be that speculators have taken their profits already, but at what price? we are still around $27k-$28k and the highest we've reach is $31k? So for me the profit taking is already price in. What just happen now as why the price is not moving this month is because of the whole easy on the network congestion because of the BRC-20 drama that has taken it's toll on the market.

I do agree that it is doing better this year than last year, and we are seeing it just at the half of the year yet, we still have 6 more months to live and that means we are going to end up with something much better potentially. Doesn't mean it has to, but it could mean that we are going to end up with a better result eventually for sure, and when that happens we are going to be even happier about it.

We have seen nearly double of last years bottom, and we are going to see a lot higher this year before it ends, I believe that at least 40k will be possible, not right now but during Q4 it should be possible. Remember, most of the big increases happens during Q4 for some reason so we could have a great period during that time yet again.

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I think it depends on the market we dont know when is the exact date of the rising of the bitcoin price so bitcoin rising is really unknown, but for me it is already rising from the very low price to a very high price that reach up to 60k$ and back to 27k$ and etc., I dont think the rising of the price matters the most, the very important is how we act and how we responds what ever the situation is.

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Quote from: South Park on May 25, 2023, 04:15:18 PM

Quote from: Wong Gendheng on May 23, 2023, 03:54:31 AM

Of course now is a difficult thing to see the price of rising in a short time, the number of people who speculate or daily trading makes the price easy for dumps, when there is an increase then they immediately sell because they think that prices will fall again, and in my opinion the best thing at this time is Hold in the long run.

The truth is that the price went up incredibly quickly after the bear market ended and now we are suffering the consequences, something that should not be that surprising as speculators were probably happy already with the profits they have gotten already and they decided to start to sell, so it is likely we are going to get stuck at the current levels for some time as it does not seems as if there is enough strength on the bulls to make the price to go up during the short term.

I don't think it went very quickly, we are still in the bear market, but it was worst last year, we've seen the bottom around $15,500 when the FTX collapses last November and that is the lowest low already. And this 2023 bear market, it was just a recovery, nothing more.

Yeah, it could be that speculators have taken their profits already, but at what price? we are still around $27k-$28k and the highest we've reach is $31k? So for me the profit taking is already price in. What just happen now as why the price is not moving this month is because of the whole easy on the network congestion because of the BRC-20 drama that has taken it's toll on the market.

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While it's true that the price of Bitcoin has experienced significant fluctuations in the past, it's challenging to make definitive predictions about its future performance. The cryptocurrency market is known for its cycles of ups and downs, and price movements can be influenced by a variety of factors both within and outside the crypto space.

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Quote from: Wong Gendheng on May 23, 2023, 03:54:31 AM

Of course now is a difficult thing to see the price of rising in a short time, the number of people who speculate or daily trading makes the price easy for dumps, when there is an increase then they immediately sell because they think that prices will fall again, and in my opinion the best thing at this time is Hold in the long run.

The truth is that the price went up incredibly quickly after the bear market ended and now we are suffering the consequences, something that should not be that surprising as speculators were probably happy already with the profits they have gotten already and they decided to start to sell, so it is likely we are going to get stuck at the current levels for some time as it does not seems as if there is enough strength on the bulls to make the price to go up during the short term.

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Of course now is a difficult thing to see the price of rising in a short time, the number of people who speculate or daily trading makes the price easy for dumps, when there is an increase then they immediately sell because they think that prices will fall again, and in my opinion the best thing at this time is Hold in the long run.

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