Topic: What happened to this 'easy 10k'? - page 3. (Read 2210 times)

We can expect this 10k by the end of this year. Fromnthis year started itself there is no significant growth in the bitcoin value. But now the price started to rise, people are expecting this growth only. If it continious means easily it will touch the 10k by the end of this year.  You have to do two things only one is trade and another one is hołd. Just hold the bitcoin with patience.

The previous bullish market was because of some very good news about the bitcoin. For example at that time Japan was the very first country who accept  bitcoin as legal currency. At that time people were too much confident that the bitcoin price is going to reach to 100k and therefore they continued buying bitcoin even above 19k.

Many people are too ambitious with the news unclear about the truth, we see that the reality is that reaching $ 8,000 is very difficult, moreover, $ 10k is not very easy to reach the end of this year, and the price is now stuck in silence at $ 6500 whether this will last until ahead, I still think for that

maybe a few weeks ago the price of bitcoin could reach a price of $ 10k and it was very easy because there was good news that made investors buy a lot of coins with a lot so it made the price of bitcoin expensive quickly.

Plus I do not know why some altcoiners believe Bitcoin's death will take their altcoins to the position of the "greatest cryptocurrency". I believe Bitcoin's death will also take the whole altcoin market down to their own deaths.

Noone promised here easy money, that is all hard earned money or huge risks been taken. Well, surely there is a luck presence for sure, but I would prefer fundamental analysis.
You got 2 ways, to trade or just buy and hodl, decide which works best for you.

Thats the pro idea of investing. Nothing is surprise because the easy 10,000 price which was predicted even as the price hit 8000 were forecast and if it didn't hit that it doesn't means it won't ever get to that price.

Yup. People still don't understand that the only reason altcoins have their current value, is because Bitcoin largely donated it to them. If you take away Bitcoin, the altcoin market will lose 90% of its value in an instant. Bitcoin is the backbone of crypto in its entirety and the main benchmark of how healthy this industry really is.

The strength of this industry is Bitcoin's supremacy, and the fact that it doesn't follow the basic laws of technology in the way that better tech replaces older tech.

It's going to be very interesting in the coming years to see whether or not Ethereum has reached the same level of supremacy amongst the competitors in its own field. I personally think we can definitely see EOS make a move towards Ethereum in the coming year or two.

I don't agree at all that reaching 10000$ price is easy.
For a longer period of time Bitcoin sticks about 6000$ and current conditions on the market and investor behaviour are not showing that Bitcoin price might rise so high so easily.
To my opinion Bitcoin will stay "stuck" like this for some period of time and some biger movements we might expect towards the end of the year.

Of course every decentralised altcoin can achieve the same status - and I would definitely agree that the likes of Monero have to some extent achieved this, but for the time being, in a very niche section of crypto users. In fact, Bitcoin users themselves I consider are still being a very niche section of money users, when you remove all those Bitcoin holders or investors who either never truly controlled private keys nor ever made a transaction that wasn't for speculative trading.

I'd like to use analogies of paper money. There's plenty of new technologies used in, for example, Bruneian and Singaporean dollars. They're among the first to pioneer new paper tech, new fabrics, holographic security, threaded security, etc. And sure, they've achieved their own status of being hard money, but will never get the network effect of USD or euro.

If Bitcoin "crashes" to $1000 it would still be more than 9 times the value of what it was when I first encountered it, and more than twice what it was when I first opened my wallet.

If people lose confidence in Bitcoin, they would have lost confidence in the entire cryptocurrency idea. If there's any coin that's advocated for and preserved cryptocurrency, it's Bitcoin. They're mentioned in the same breath.

The price of bitcoin strongly stick at the range of $6000 to $6500 for almost couple of weeks other than there was a few day bump to $8500 due to ETF speculations but now the market looks constant with accepted price swings everyday so for now this is organic growth of bitcoin so let that to recover on it own.

Monero I can accept that it can also be a store of value, and can be the same as Bitcoin in becoming a medium of exchange, and a unit of account. But Namecoin is "dead" in my opinion.


I believe you are trapped in the idea that Bitcoin is an "old" technology. But it is not. It has the most advanced research and development in a cryptocurrency in terms of security, stability, and scalability.


It was politics that made Gavin change. Bitcoin is developing well without him.


Hahaha. No comment.


Ok.

I don't think a lot of people blabbering about how btc will easily get to 10k really know what they're talking about though. And i agree, not many of those saying that it's a good time to buy are actually doing that. All words. And then they keep mum when they're predictions end up wrong.

In my own opinion, those people are not confident but they are just investing on an asset that is really valuable, bitcoins is the best investment that you can make today because the market prices are increasing.

I agree, but the future is not set in stone. The prospects are quite good, but there are many unknowns, and markets are not necessarily logical.

There could be existential vulnerabilities or protocol failures, for example. There are also cases where a superior technology was beaten by an inferior one and abandoned (Betamax vs. VHS comes to mind). Other technologies may emerge that cast doubt on the viability or worthiness of Bitcoin. After all, this all boils down to faith. If users generally lose faith (for whatever reason), it's all over. We can't rule that out.

Yep, here we agree - but the "hard money" status can be lost. Every decentralized altcoin (there are not many, but some, like Monero or Namecoin) could achieve the same status.

The question is: Are we still using airplanes of the Wright brothers? Cars of Nicholas Cugnot? An altcoin based on Bitcoin's principles is also "Bitcoin" in the same sense than a Boeing is an airplane. It's the same invention. It's only another token (i.e. we are making rich another people, not the original inventors). I even dispute that Bitcoin should make rich someone. It should be successful as a currency, not as a get-rich scheme.

Ecosystems can change. It could even happen that the current Bitcoin devs change to another token ecosystem - just like Gavin did when he changed to BCH. (Again: I wouldn't like that.)

Agree here. I would also like Bitcoin - or at least, an equally decentralized cryptocurrency - conserve the leadership ahead of semi-centralized, "semi-censorship-resistant" projects like EOS.

But the point is another one: I would simply not be happy with a crash to $1000. I would be still happy with a crash to $3000 or $2500, because that would mean no major disruption, we already had that. A 95% crash, however, is a bit deep, and I don't believe that it would only happen because of panic and FUD.

Those people, who were confident, were cheering for bitcoin in its ups, and complaining when it has fallen. Do not trust those people. But either way, is it not quite good? Bitcoin is a long-term investment. You do not wake in the morning to find yourself rich or with a good profit. It might take you many mornings to wake up and see that the price increased. All of you need to be patient. This is a good way to learn what patience really is!

I think not all are confident, many are not confident but they want to dream about the future. There are a lot of comments about the price of bitcoin which is very cheap but not many people are really buying.

But most of those speculations were told that this situation will happen in this year, we have 4 months more to see price like that so be a little bit more patient cause that situation still could come.

What happened is that $10K break isn't so easy after all. There ain't just someone who can easily predict where the market is going specially this crypto market because its unregulated, its the risk you should know right when you joined the community to invest. Some of the people here in the crypto just had so much money that they can survive when the market keeps the bear trend for more than 2 years.