What is going on??? - page 4. | Bitcointalksearch.org

wxa7115

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Quote from: platinumsteel2016 on May 19, 2022, 01:13:10 PM

When I purchased early on, the price for a btc was $11,000 . a few months ago, I can recall the price level
was $63,000 . I just knew that it was going to hit the $100,000 mark...Now as of today its $30,180

What is going on??? Also, can anyone predetermine if the btc will reach the $100,000 and is the btc
worth the investment...An educated guess, is acceptable!

Bitcoin is just moving in the way it has always moved, and if anything its volatility is slightly lower than what we have seen in the past, so you are fortunate that the movements of the market have not been as extreme as they were back then.

However I do not see how can you be worried at all, you still have profits of almost 200% which is something very few assets can give to you, despite the drop at the market, so just hold your coins until your target price of 100k is reached, which will most likely happen during 2024 or 2025.

|MINER|

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Quote from: platinumsteel2016 on May 19, 2022, 01:13:10 PM

When I purchased early on, the price for a btc was $11,000 . a few months ago, I can recall the price level
was $63,000 . I just knew that it was going to hit the $100,000 mark...Now as of today its $30,180

What is going on??? Also, can anyone predetermine if the btc will reach the $100,000 and is the btc
worth the investment...An educated guess, is acceptable!

At first I want to answer your question" what is going on", and that is that Bitcoin is going its way, Bitcoin has given you the guarantee in their security but it cannot given the guarantee its price. Because it depends on the condition of the whole market. Bitcoin is moving at that speed. 63000 not only you I also bought it at 64000. And Bitcoin must be worth 100,000 but no one can give you for exact time when it will happen. It will depend entirely on the market conditions. So let's just hodl it again , I"m sure it will brings the profit.

virtualdn

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1 BTC = 1 BTC. We will hit $100,000 in no time. Time is short in the crypto world. Just HODL and enjoy the ride.

dothebeats

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I don't think there'll ever be a model that will accurately predict the price of 1 bitcoin in the next x weeks/months/years. You have to understand that bitcoin is still highly speculative, and even though it is slowly being regulated around the world, it is still prone to erratic price movements and crazy swings that wouldn't happen on your regular stocks/gold market. The only 'strategy' that works on bitcoin when you're investing is buying low and holding for long, and it's a crazy strategy that everyone can employ and still make money over time.

ilovealtcoins

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Quote from: platinumsteel2016 on May 19, 2022, 01:13:10 PM

When I purchased early on, the price for a btc was $11,000 . a few months ago, I can recall the price level
was $63,000 . I just knew that it was going to hit the $100,000 mark...Now as of today its $30,180

What is going on??? Also, can anyone predetermine if the btc will reach the $100,000 and is the btc
worth the investment...An educated guess, is acceptable!

If you buy bitcoin for 11k and then you see it went up to 63k even $69k if counting ATH. So what worries you is that it won't hit $100k in the future and it's not worth the investment. You should remember that no market goes up forever without falling, current volatility is a regular occurrence in financial markets in general.

Bitcoin will definitely hit the $100k, but no one can tell you when it will arrive, be patient and wait. It will definitely come.

Wexnident

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Isn't it optimistic much for you to expect it could hit $100k, but wouldn't hit any value below it (or any price point behind the $60k mark you pointed out)? It's something natural imo, nothing new, we've hit worse bear markets before (or this could get worse tbf).

Quote from: platinumsteel2016 on May 19, 2022, 01:13:10 PM

What is going on??? Also, can anyone predetermine if the btc will reach the $100,000 and is the btc
worth the investment...An educated guess, is acceptable!

I don't think that's possible, and even if it was, I don't think they'd share it since the people who know of the result could affect the result itself sometimes. As for an educated guess well, the easiest source would be basing it off of history, it isn't the first time Bitcoin has felt like this anyway.

Ale88

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Quote from: platinumsteel2016 on May 19, 2022, 01:13:10 PM

When I purchased early on, the price for a btc was $11,000 . a few months ago, I can recall the price level
was $63,000 . I just knew that it was going to hit the $100,000 mark...Now as of today its $30,180

What is going on??? Also, can anyone predetermine if the btc will reach the $100,000 and is the btc
worth the investment...An educated guess, is acceptable!

So you bought bitcoin thinking it would always go up and never go down? Did you do a little research before buying bitcoin? Or did you do it just to speculate? Because with a very little research, time and knowledge you'd already know what's going on and if bitcoin will ever go to $100k Wink

livingfree

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Quote from: platinumsteel2016 on May 19, 2022, 01:13:10 PM

Also, can anyone predetermine if the btc will reach the $100,000 and is the btc
worth the investment...An educated guess, is acceptable!

I don't want to guarantee you that it will be. But to give you an idea, I'm one of those people that truly believes that bitcoin is going to reach that mark.

And not just that, it will surpass that price that we've been thinking as part of our plan. Maybe you'll start selling if you still have bitcoin by that time but to me, there's more to it.

Halving is the key factor.

BitcoinPanther

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Quote from: platinumsteel2016 on May 19, 2022, 01:13:10 PM

When I purchased early on, the price for a btc was $11,000 . a few months ago, I can recall the price level
was $63,000 . I just knew that it was going to hit the $100,000 mark...Now as of today its $30,180
What is going on???

This price changes is called price volatility. It is normal for Bitcoin price to fluctuate.

Quote from: platinumsteel2016 on May 19, 2022, 01:13:10 PM

Also, can anyone predetermine if the btc will reach the $100,000 and is the btc
worth the investment...An educated guess, is acceptable!

No one can predetermine the price of Bitcoin. We can speculate the price of BTC but no one can precisely guess how much is the price of Bitcoin in a given time.

Quote from: aoluain on May 19, 2022, 04:15:04 PM

Luna Foundation sell off (have no idea what this sell off is about but its a thing)

Luna holds around 80k BTC, so the Luna Foundation sell off is possibly the selling of its BTC holdings but I don't know if the process have great impact on the BTC market.

Stalker22

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Quote from: platinumsteel2016 on May 19, 2022, 01:13:10 PM

Also, can anyone predetermine if the btc will reach the $100,000 and is the btc
worth the investment...An educated guess, is acceptable!

The question is not "if", but when. The world is transitioning into a cashless world. You can argue it will happen gradually, and that is good, but it is happening. Bitcoin will be one of the key technologies that help us along the way. It can be argued that it is still in its infancy. But the potential of bitcoin to be the currency of the future is obvious. Bitcoin is an opportunity that will not come around again. It represents enormous untapped potential to revolutionize commerce, finance, technology, and beyond. Just think what the Internet and smartphones did to communications. Let's harness this opportunity.

It is impossible to predict when Bitcoin will achieve mainstream status. I think we will see it move from niche to mass-market in the next 10 years. But before we reach that point, I expect many developers to be releasing new coins and variants of bitcoin. But again, they are unlikely to have the mass market appeal of bitcoin. Hence, the $ 100k price target for bitcoin is probably very conservative and likely to happen. More likely, you will see it rise to a multi-hundred thousand dollar price as the net result of more people using and investing in bitcoin.

aoluain

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Quote from: platinumsteel2016 on May 19, 2022, 01:13:10 PM

When I purchased early on, the price for a btc was $11,000 . a few months ago, I can recall the price level
was $63,000 . I just knew that it was going to hit the $100,000 mark...Now as of today its $30,180

Where else could you invest $11k and turn it into $30k in such a short space of time?
If you are looking at Bitcoin in terms of FIAT you really have to be looking medium
to long term and be patient $100k will happen.

Quote from: platinumsteel2016 on May 19, 2022, 01:13:10 PM

What is going on???

Lots and lots of stuff going on and there will always be stuff going on, positive and negative.

War
Speculation
Weak hands selling
Inflation
Luna Foundation sell off (have no idea what this sell off is about but its a thing)

hatshepsut93

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Quote from: platinumsteel2016 on May 19, 2022, 01:13:10 PM

When I purchased early on, the price for a btc was $11,000 . a few months ago, I can recall the price level
was $63,000 . I just knew that it was going to hit the $100,000 mark...Now as of today its $30,180

What is going on??? Also, can anyone predetermine if the btc will reach the $100,000 and is the btc
worth the investment...An educated guess, is acceptable!

You can't predict the future performance by just looking at the past performance. Bitcoin goes up until it doesn't. And Bitcoin also goes down until it doesn't. There's a good reason to believe that on average Bitcoin will keep increasing in its value over long period of time. It's not 100 guaranteed, it is based on the fact that there's a growing demand for Bitcoin, while its supply is limited and predictable. So it is worth investing and holding, just have patience.

TheNineClub

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Quote from: platinumsteel2016 on May 19, 2022, 01:13:10 PM

When I purchased early on, the price for a btc was $11,000 . a few months ago, I can recall the price level
was $63,000 . I just knew that it was going to hit the $100,000 mark...Now as of today its $30,180

What is going on??? Also, can anyone predetermine if the btc will reach the $100,000 and is the btc
worth the investment...An educated guess, is acceptable!

There is no educated guess on this, to many factors come into play to even get close with a prediction. Sure, we can estimate how cycles will behave and where to put them aproximately, but that's how far the crystal ball will take you. Is it worth investing is really up to you and your goals.

Yogee

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Look around. What do you think is the effect of inflation in the global market? How about the months conflict between Russia and Ukraine? It's quite clear that all of these events are hurting regular people's pocket so it's normal that new money invested on BTC would dry up too.

Rigon

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Quote from: platinumsteel2016 on May 19, 2022, 01:13:10 PM

When I purchased early on, the price for a btc was $11,000 . a few months ago, I can recall the price level
was $63,000 . I just knew that it was going to hit the $100,000 mark...Now as of today its $30,180

What is going on??? Also, can anyone predetermine if the btc will reach the $100,000 and is the btc
worth the investment...An educated guess, is acceptable!

But if we look from the beginning, a lot of such prices have been dumped.If one year market is very good then two years market is in bad position.You must accept that the market is in a bad position. But it will not go to 100k dollars at a time. Crossing step by step then maybe reaching within 100k dollars However, it is estimated that Bitcoin will reach $100k.

cr1776

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Quote from: platinumsteel2016 on May 19, 2022, 01:13:10 PM

When I purchased early on, the price for a btc was $11,000 . a few months ago, I can recall the price level
was $63,000 . I just knew that it was going to hit the $100,000 mark...Now as of today its $30,180

What is going on??? Also, can anyone predetermine if the btc will reach the $100,000 and is the btc
worth the investment...An educated guess, is acceptable!

No one knows. Since 2010 the trend has been way up. If you believe in a non-fiat currency that you can use to protect yourself from authoritarians around the world, is difficult to censor, is p2p, and is non inflationary, then bitcoin is a good idea. If you believe that other people will understand the benefits of bitcoin, then bitcoin is a good idea.

Everyone who has held longer than a year or so has done well. Will that continue? No one can say.

Jody.Drummer

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Quote from: platinumsteel2016 on May 19, 2022, 01:13:10 PM

When I purchased early on, the price for a btc was $11,000 . a few months ago, I can recall the price level
was $63,000 . I just knew that it was going to hit the $100,000 mark...Now as of today its $30,180

What is going on??? Also, can anyone predetermine if the btc will reach the $100,000 and is the btc
worth the investment...An educated guess, is acceptable!

No one knows for sure 100% accurate, we only speculate based on the development of Bitcoin and it is proven from ATH to ATH you will not find the ATH price we have achieved is definitely bigger than the previous ATH. Likewise, we believe that the next price increase will always be indicated by the value above. Bitcoin is a worthy investment, it is clear that Bitcoin is the only one that is much more viable than any coin. Will it reach $100,000? let's think that in the future Bitcoin adoption will increase, demand is everywhere even in the future you will find restaurants near your home that accept Bitcoin payment.

Rruchi man

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Quote from: platinumsteel2016 on May 19, 2022, 01:13:10 PM

I just knew that it was going to hit the $100,000 mark...Now as of today its $30,180

What is going on???

You only analysed the good side and considered the profit you could make but not the losses. The current situation is a slap on the face of reality and a reminder that crypto investment alone is not an assurance to wealth, you also have to have other investments and not bank fully on crypto. The current market situation is temporary and it is safe to say that we are still on the path to $100,000 mark. So don't get discouraged OP, Hodl on.

Myleschetty

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The 100,000 mark is just a prediction to hype the market and if you check the historical data of Bitcoin price, you'll understand that after the ATH price market there's going to be a market correction which is what we are seeing now. Instead of you bothering yourself why don't you take advantage of the benefit the market presents.

Charles-Tim

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You will be able to understand if you check the history of bitcoin price. Let me give a brief price history of the low and high price of bitcoin sicne 2017, you can go as far back as 2013 and see how it has been like, it is like the price history is repeating itself every four years but getting to all-time-high in each four years.

Price high 2017 $19700
BTC Price low 2018 $ $4040
BTC Price high 2019 $ $13970
BTC price low 2020 $ $3800
BTC price high after 2020 halving $ $69000
Now at $30000

Let us hope that bitcoin will reach all-time-high after the next halving, let me assume it to be 2024/2025. But this is just a guess and hopefully bitcoin will reach all-time-high around that time.

Quote from: 100bitcoin on May 19, 2022, 01:18:00 PM

1 BTC = 1 BTC

1 BTC = 1 BTC, but the value of bitcoin is compared to the value of fiat. The reason some people are holding bitcoin is because it is an appreciative asset. If bitcoin is compared to bitcoin, then it is not, but it is compared with fiat which makes it (bitcoin) to be an appreciative asset.

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