Topic: Treating bitcoin as a teenager. (Read 904 times)

I am sure that only 10 years holding is enough for change the life of any people with only invest 10% of his income.

It's not that people are overestimating the halving, it's that history has shown us that and what people are expecting is for history to repeat itself. I'm also thinking about this, when everyone is looking forward to the halving event and thinking that bull season will come. But the market is not just us, the market makers are the ones controlling this game. They are manipulating us, they always make bitcoin go against the crowd's expectations. So I thought maybe they would change the rules a little to make people panic.

Exactly. Huge portions of FUD are very easily spread across the posts of news publications and cryptocurrency sites, and their sources are just campaigns that may well have huge accounts in cryptocurrencies.

If we consider Elon Musk as an example, he vividly showed everyone how coolly the rich can manipulate the market, and how easily the players of the cryptocurrency market submit to ensenuations.

The rule always works: "don't go where everyone is going."

It's not that people are overestimating the halving, it's that history has shown us that and what people are expecting is for history to repeat itself. I'm also thinking about this, when everyone is looking forward to the halving event and thinking that bull season will come. But the market is not just us, the market makers are the ones controlling this game. They are manipulating us, they always make bitcoin go against the crowd's expectations. So I thought maybe they would change the rules a little to make people panic.

I think halving is overrated in terms of its impact on the market. He had an insane increase in the price of bitcoin just because no one expected it. But now society has noticed this correlation for a long time and growth is not so possible. Remember Litecoin - nothing happened when halving it. Precisely because everyone was waiting for growth. I think the market has one rule that is always fulfilled: to be as unpredictable as possible.

I think halving is overrated in terms of its impact on the market. He had an insane increase in the price of bitcoin just because no one expected it. But now society has noticed this correlation for a long time and growth is not so possible. Remember Litecoin - nothing happened when halving it. Precisely because everyone was waiting for growth. I think the market has one rule that is always fulfilled: to be as unpredictable as possible.

If you are talking about short term this year or before halving then I agree with what you said. Even if bitcoin surpasses $50K this year, there is no guarantee that we are definitely in bull season and the price will never fall again. Given the current market situation, what is going on is just hype surrounding ETF news and I believe that once the SEC delays again. Everything could easily go back to where it started from like a few weeks ago. We cannot enter the bull season until halving takes place.

I have read many articles exaggerating bitcoin price prediction's from both those who claim to be professionals and diverse bitcoin enthusiasts which I felt the necessity within to drop this piece figuratively.

We are expecting too much from bitcoin in just a short time of about 13years since it's creation. By logic bitcoin is just a teenager who has not yet attained the status of adulthood like the forex market for example, yet it has penetrate and saturate the financial market (global economy) becoming the talk of the town in the internet like it has been here 50 years ago.

The high expectations should be moderated so we can be able to appreciate the milestone growth bitcoin price has made. Commensurable with its age bitcoin price is doing great and only those who are not highly expectant setting their price  scale at a great distance of 100k, 150k, 200k will care to appreciate the feat, some even predict as high as $1M in the next bull run and when the price doesn't go even close as expected they complain that the performance of bitcoin has been poor.

And this can be so discouraging for investors that planned on long term hodling with such a high expectancy. Learn to treat bitcoin like a teenager that's just coming up and still has its future ahead of it and stop the unequal comparison with other financial instruments like gold that have been around for decades.

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A number of persons might suggest i move the topic to speculation board, however I fondle it also suites here because the topic is not giving a prediction for BTC price but otherwise.   

Everyone's predictions are different, so I think everyone must have a prediction for the value of Bitcoin itself, but sometimes predictions don't match existing expectations. There is some truth in the predictions that are reported that can make new investors come, but it can't be denied either. there will be many investors who retreat with their prediction errors.
So basically, in my opinion, predictions are not a benchmark for investing, but research into the progress of Bitcoin itself is what can make investors survive.

If you look as far as in the period including 2025, then updating all time high no longer seems impossible on the desktop. But in the near future, the price is too close to hitting the levels around 44000, which are the top of the current small trend. At the same time, if you look back a little, then not so long ago the price of bitcoin could not overcome the resistance level at 48000. Based on these figures, I think that the price will not be able to gain a foothold above 50,000 even if it breaks 48,000. And even if the society has a positive attitude towards the new year and Christmas, I think that the price may well fall no lower than 25,000.

Why do you think that Bitcoin will not update ATH soon? It seems to me that he is moving very confidently towards this goal, but maybe it won’t happen this year and maybe it won’t even happen next year, but I expect 2024-2025 to be the time when the bull market will come and at that time everything will grow.

So, in my opinion, we have to wait not so long and perhaps for us still waiting some corrections, because it cannot only grow constantly, but there is not long left until the bull market.

Sincerely speaking, Bitcoin is still a teenager, considering its age but the rate of its appreciation is liken to a millenial. It looks as if the engineers and the innovators of the technology factored in the best rate acceleration methodology into the technology to get it to grow at a tremendously fast pace.

If you can walk up to the world to prove that an asset is actually fast paced in terms of ROI then, that asset is non other than Bitcoin and other coins within the blockchain ecosystem.

Therefore, I agree that the price of $ 60k is very important for such a phenomenon as bitcoin. I perfectly remember the moment when a friend told me about bitcoin conda it cost a hundred dollars! I just think what a journey has been made since that moment. What conclusion can be drawn from all this? Bitcoin will not soon renew its All-Time High, because the price is probably growing too fast. So it's better to play in a bear market.

The presence of BTC has existed for more than a decade since it was created by Satoshi Nakamoto and in 2011 of course there were still very few people who knew about BTC and from year to year the number of Bitcoin enthusiasts continues to increase, but of course it cannot be separated from its advantages and disadvantages and until now In fact, people don't know lots about BTC and in my area there are still very few people who know about it.

So even though BTC is more than 10 years old, it can still be said to be a teenager because when compared to gold, of course gold has been around longer. However, in this case we cannot force someone to invest in BTC, because BTC is only intended for those who are ready for the risks posed by BTC. Let BTC grow by itself and I am sure that one day BTC will be in great demand by the public.

Lots of people predict that Bitcoin will one day be expensive and the price is fantastic and I as a BTC investor just smile and I hope that the price of BTC will be very high one day.

Bitcoin is younger than other assets and has proved to be one of the best asset ever therefore demand for it is increasing massively

I  agree with your point Bitcoin is still relatively young and expecting it to reach moon prices within a short period of time.
I believe that we should appreciate the significant growth that bitcoin has achieved so far considering its age. It has made remarkable strides.
We should treat bitcoin as a teenager that is still developing and has a promising future ahead. In the next Bull run it has much ability to grow significantly and if it will touch its ATH so it can go above 100K easily.

Bitcoin speculation is  one of the activities within the Bitcoin network that give excitement to Bitcoin holders and keep their motivation and satirical capacity highly alerted with the time as the market keeps revolving and making new waves in terms of price, so for me I believe that speculations will do more good than harm unless for those who may take speculation seriously instead of what it should be taken for which is just for statistical analysis of the Bitcoin market and nothing more.
Bitcoin price speculations shouldn't be taken as an investment advice and more so they should only reflect what the investor feels about the market and what the expert the future price to be like.

A real and serious nvestors won't be called investors if they don't explore every inch of what would be their investment.

There is no such thing as these investors will be discourage if what will they saw in the Bitcoin community is expectation by everyone that Bitcoin will reach their respective target moon price. Investors have their own reason why should they invest or choose not to invest their money on Bitcoin and it's out of our business anymore.

Just be on your usual. Don't bother with that mindset of yours. We don't need to encourage anyone to invest in Bitcoin.