Well, I am going to be less optimistic than those of you who have commented so far. I was very optimistic this year and repeated ad nauseam that we were going to pass the $100K minimum. All the predictions that were seen gave that figure at least.
I wonder if the exorbitant returns are over for the Bitocoin, I hope not, but maybe from now on we do an X3 or X4 at most per cycle.
With all the fundamentals, Bitcoin massively exiting exchanges, institutional adoption... if we are at these prices I still don't see why we should make a big spike in 2022.
I hope I'm wrong.
On institutional investment, I really thought that this would drive the price to $100k
this year, so if it wasnt as big a factor this year will it be next year?
I remain bullish for 2022, I think there are factors to play out yet like avoidance of
the effects of more inflation to come for example.
Don't know about you guys, but it seems there's always a lot of complaints about missing out around here, and while the price is currently low, isn't that the best chance of gaining extra Bitcoin that you wouldn't have had without the dip? I'll be honest, I'm not that bothered if we don't see any major surges this year, and just collect as much Bitcoin as possible before a surge in 2023/2024.
I believe 2022 will be the accumulation year. Last time I predicted like $20k in November, but the price seems just not making a serious move. I'd like to see the pump but we already get so much profit last year so it seems too good to be true. I'd say BTC mainly will stay at $30k-40k level and will gradually get higher because of economic growth. There won't be another serious pump before the next halving, but that's just my feeling not based on some quantitative method.
I'm thinking roughly the same as you. A chance to accumulate before a major push in a year or two could be what we need. I'm not fussed on the idea of constantly pushing the price up too soon. I have faith in Bitcoin in the long term to become more valuable, as well as increase in price by a lot more than it's currently.
Im on the same page as Welsh, I dont mind if we dont hit massive highs in 2022.
I havent been able to accumulate in this last quarter due to unforseen issues with
my house.
These are definitely times to be buying rather than selling but the latter is what seems
to be happening lately.