Topic: What is going on??? (Read 709 times)

If we are honest a great deal of the traders and investors that we have in the market are not really interested in bitcoin at all and they just care about the profits, this explains how someone can triple their money and still be mad they did not obtained even more money.

And this is a very risky attitude to have, as those people have the tendency to take on even higher risks to try to obtain more money and that is when they eventually lose it all as they get scammed by a project that seemed like a good one but in fact it was a scam from the beginning.

I think he is relying too much on his desire to get even more profit at this time, he should be grateful if he still has a lot of profit even though now the bitcoin price has dropped to $30K, when he bought it for $11K he was still complaining, so I don't know what many people feel people here who probably bought the previous bitcoin at a high price, friend please don't always look up make it a habit to look down once...!

are you greedy mate? imagine you bought at 11k and not the price is still 30k yet you can post this issue here? how greedy attitude you have to seek for 100k and gain 10x of your capital ? this is why so many investors become losers because of this attitude of greediness .
change your view and be contented mate , because in time ? you will lose everything from that lol.

I am somehow amazed the OP is asking questions like what happened? Either he is not watching the news or he just doesn't want to keep himself updated about his surroundings. But even at those circumstances, you should feel it with your daily budget. It's changing, getting expensive, abnormal.
The economy in every country is getting worse and in my opinion that affects the market of every asset, cryptocurrencies, commodities, and others.
If you monitored all of that, you won't be asking why Bitcoin fell. Because there's no bad events that is big enough to shake it that large like hacks or exchange bankruptcy and inside jobs.

Waiting for new speculation is not of any investors interest at the moment. What you should be considering more is how to make do of the current price to make some profit for yourself. In as much as the price increase is of interest to every investor, the amount of bitcoin accumulated over time should also be of mega interest so that once the bull market sets in again you should be smiling at your wallet.

Wars and other events have focused all attention back to the conventional forms of currency and value favored for a hundred years, this is peak FIAT price for USD in two decades.   Enjoy the show, its still not stopping your commodity and energy prices from spiking because the value is face value not genuine buying power but the emphasis is real and it takes away some of the stride crypto had.
   This is just the way it works, the tide goes in both directions and any ideas of greater prices will have to wait a bit longer.  You lose nothing because nothing changed within BTC blockchain itself, there is no special bailout fund or whatever politics guides most currency standards;  BTC retains the same schedule of issuance its always had.   BTC isnt measured in dollars, that is entirely arbitrary so no complaint is really valid, the long game is in ongoing improvements to means and ease of transfer back and forth between users.
  I care more about fees really, I want people to not hesitate because fees discourage any kind of usage at all this has more significance then the price this week if we're talking a success story developing further.

You need a steel mentality especially if you keep looking at the bitcoin usd rates all day long .. every hour , every minute , every time clock ticking ... to see your initial investment went down to -90% or so in usd rates , but if you looking at the bitcoin rates then yeah inded you might see it 1 bitcoin remain equal to 1 bitcoin , we just havent found that standard.

We will see that standard applied in the future fir sure so you will not feel worry about the bitcoin rates anymore.

True, however, there are investors specially newbies who thinks that bitcoin price is always going up. So it's hard to imagine from almost $70k last November, to now below $29k and still going down. But the market is on a cycle, currently we have entered a bear market. And then prediction of $100k will have to wait till the next bull run, maybe in 2024-2025. So the best thing to do while waiting for it is to buy cheap bitcoin and then simply hold. Accumulate as much as you can in this bearish cycle.

Bitcoin price is a gradual process which the price can go up or down at any point in time, where 1BTC = 1BTC nothing add or subtract, looking at the current price $29,200 is good to buy and hold for a long  run, as it predicted to reach $100,000 per bitcoin. Therefore noting is wrong with bitcoin price, the earlier the better you invest on Bitcoin.

Inflation does not pressure BTC, it's actually great for it.
Your fiat money goes down in value very fast which means all other investments that inflate at a slower rate start looking much better.

It's actually what the governments and Wall Street do that makes Bitcoin trade lower. Traders don't care about bitcoin, they want to make money, so they borrow it, but now the government makes them pay extra fees. By increasing rates the governments put additional fee on people with loans, which makes them sell assets to cover this fee, or simply resign from their positions and use the money pay back their loans. This is what's happening with bitcoin. It's doing great, just that gamblers who play with borrowed money can no longer play. The big manipulators are defaulting.

Any predictions about whether and when bitcoin will hit $100,000 will remain only predictions based broadly on its previous price history. But what happened in the past will not necessarily be repeated in the future. Cryptocurrency is subject to so many risks and too many factors of our reality affect its price. Also, the attitude of the leading states towards it will continue to influence the cryptocurrency market, first of all. So far, the final attitude of states towards cryptocurrency has not been developed. Predictions in this regard are useless. Cryptocurrency is a completely new phenomenon in the financial sector and we are all here at our own peril and risk.

It is way more common to see this type of thinking when people are investing in altcoins as they think that such a coin has a higher probability of skyrocketing than bitcoin, it seems they do not understand that the chances that a coin collapses before it goes up is many times higher than the chance that it will skyrocket, but if they want to waste their money then that is their call.

However I do not understand why those which invest a small amount of money in bitcoin complain about its growth, if you obtained almost 200% your original investment that is money that you did not had before and that can only be a good thing, if they want for this amount of money to be bigger than what they got then they got no other option but to take the risk and invest even more money in bitcoin, which is a good idea since the price of bitcoin is very low at the moment.

Bitcoin once lost 85% of its ATH price in the last ATH period, that should be a valuable lesson to remember. $100K is an expectation that probably won't happen in the next 2 years because the reality is very different now. It's possible that $100K could happen in less than 5 years, but of course the price of bitcoin never down below $20K again.

OP, if you want to sell bitcoin for $100K then the only advice is: Hold your bitcoin for the long term. What's happening now isn't the worst in its history, so you don't have to worry.

Bitcoin price as expected, it will go up or down because the price of Bitcoin and altcoins are not stable but still hoping for the better price of crypto.

The $63000 price means it is getting closer. Just as in previous years, market forces will continue to impact the price of Bitcoin. What is important to understand is that volatility is just part of Bitcoin. As people continue to BUY or SELL, so will the price continue to fluctuate. When more Bitcoins are sold, the price goes down. China government action against Bitcoin miners as well as Federal Reserve announcement of its biggest interest rate increase in over 20 years, are all part of activities affecting the price of Bitcoin. Despite all these, Bitcoin is growing in popularity and as more people adopt it, we expect its growth in value. IMO, the $100,000 is attainable, it is all a question of time.

actually there is no problem with the OP, where in the current situation he still makes a profit when sold. The first thing to note is that crypto is a highly volatile asset, just like in 2017, where it went from $20k down to around $4k. and this frustrates a lot of people until they can finally make a new ath up to $63k. so we can take lessons from that journey. therefore make decisions based on personal analysis, so you don't experience doubts

What is going on?
Some say we are in a bear market already and I think I will agree with them. Right now, assets are falling because of the current events. War, Inflation, Increased interest rates and the pandemic. These are some reasons why the market is down not only the crypto market but also the stock market.

Bitcoin to $100,000.
Many are expecting it to happen. It will happen I believe, and it's only a matter of when it will happen. We've seen Bitcoin went to prices we didn't expect so I believe that in a few years, Bitcoin will go up in value.

Bitcoin worth the investment?
If you want to involve yourself in crypto, Bitcoin is the first coin that you must buy. It is worth the investment only if you really want hold it and you can take those market volatilities that are happening like what is happening right now. If you can't take this and you are panicking right now then crypto isn't the right investment for you. Better focus on stock market maybe.

I guess what is happening right now in the community is to allow those that missed the opportunity to purchase when the price dropped down to $40,000, to use this opportunity to purchase more and hold for the price to move higher before they can sell to make a huge amount of profits from the market. This bearish period is not for sell than to hold for the price to move from $28,000 to $60,000 which is the every long term investors wish to happen before the end of this month. Don't be panic with the current price because we are in bearish season.

These people will never think that their profit is enough, they will always feel more greedy towards making unlimited amount of money. Plus I am sure that they didn't buy a whole bitcoin, someone who is looking for that much difference is 100% guaranteed made smaller investment and want to see it go to insane levels so that their money would be worth something.

Buying 11 dollars worth and have 30 bucks worth now and they want it to be 10 million dollars so they would have 10k dollars. That's the funny thing, people will not get rich overnight with bitcoin if they invest tiny amounts, and million still haven't understood that much about bitcoin.

I think someone doesn't know how the market works that's why they expect too much or I think someone tell them that it would pump to x price accordingly but didn't know that it's all because of the supply and demand that's why the price fluctuate. And if someone is by chance investing yet didn't know what is happening in the market then it's better for them to continue holding and keep track the market for like every week or month so that they could follow plus reading some information why the market is like this or that will help someone to understand.

Making yourself that too confident or being too optimistic will sometimes in result with more mistakes because you are hoping or anticipating that much which it would be much better if you do really
stick on being realistic and be mindful in regards with risk taking factor.This market specially on cryptospace isnt  something  that you could deal on it easily considering that volatility is really
too high and if you arent really that wise on making decisions and you arent that aware nor familiar on how this market works or moves then you would really be having those kind of reactions.

There is a market, nothing more. Hoping that the market will let you earn in any case is quite false, I advise you to be a realist.

Right. The OP must be patient with the current Bitcoin market price situation. The current situation is very good for buying in order to increase the volume of Bitcoin in the portfolio. The current $29k Bitcoin price is not the lowest point, because it has happened before in the history of the $20k price even BTC has been at the $10k point.

What is happening to you, you bought bitcoin at $11k and now bitcoin $30k means you made $19k for one bitcoin. So what more could you ask for?. Bitcoin hit $69k instead of $63k before dropping to $30k as it is now and this is normal for bitcoin. Bitcoin price is unpredictable and only time will give us the most accurate answer, if you are afraid you can sell your bitcoins and take the profit, if you believe in bitcoin then keep holding and wait for $100k target.

 The price of anything depends on supply and demand. How much of it there is, and how many people want it.
That explains why beach sand is cheap in the Sahara but a glass of water is priceless.
With bitcoin, you can remove or ignore the supply side of supply and demand rule as we already know bitcoin supply for the next century or so.

So the price of Bitcoin is based on it's known supply versus how many people want it. It's that simple. Like everything else.

Now, if you want to talk about the future price of bitcoin, that is a different story. Because you have to guess how many people will have a demand for it in the future. And they will make their decisions based on future events.

So if you get me a good well calibrated crystal ball, I will be able to predict future events and read the mind of everyone in the world in the future. Than I will be able to give you a pretty good guess at the future price of bitcoin.

Anything short of a good crystal ball is just a scam or a lie.
You can't find out the future price of bitcoin by looking at past prices and past 'trends and patterns'. That's just as stupid as reading last month newspaper to decide next weeks lottery numbers.

Of course, nothing is sure, but if you ask me I see more possibilities that in the future bitcoin will reach that number rather not making it. Also because let's not forget about inflation, BTC is supposed to go up in value and fiat at the same time will lose value, sono anyway a bitcoin worth $100k won't actually have a $100k buying power but it'll be lower.

Very hard to predict bitcoin price right now.But i still believe bitcoin price movement correction.Bitcoin is decentralization, it will never be stable. Bitcoin price already touched in $68k+ but it already huge dropped this year.But if you see the bitcoin historical price then you can understand.Bitcoin is long term investment coin and long term survive coin.Bitcoin price will hit $100k in future ?I think its possible to happen but need more time.

Not few months but that should be few years ago, probably after the 2017 bull run, because after that year, the price of btc then experience a big dump. I think that was the time where you bought btc at 11k. How did you know or where did you find out that btc would reach 100k? Those people that said that are only predicting and they are not sure with it. That was your mistake because you believed on it.

Price now is 30k. That was still decent and you still earn something because you said you have invested at 11k. What is going is just a normal correction, this is why the price haven't recovered yet. As of now, no one can predetermine if price can hit 100k, unlike to last year where it's more possible because price last year was 68k, which kinda close to 100k.

Don't be panic with what is happening right now in crypto market than to hold because the price is about to hit higher to where people will start celebrating for the massive pumping they have never see before in crypto market. I think the price will not lower more than $30,000 before the price will increase to $100,000 before the end of November 2022 for all long term investors to use the opportunity to make a huge amount of profits from their investment.

Bitcoin to reach 100k is still a prediction. Though it is possible no one can say when will it happen. And what is happening now is normal market movement after a bull market. We should not expect bitcoin or any other coin out there to just keep going up having no down times because that is what is not normal I assume. And as we all know even from the start that crypto market has an extreme volatility so we should be aware that things like this can happen. And yes, btc will always be worth the investment and that should not be asked. I believe before you even put money in btc you knew that btc is worth the investment so don't doubt yourself brother.

Don’t go for guess, go for calculations and estimated prediction.
If you know the true value of Bitcoins they you must hold for more period of time.
You bought Bitcoins when it was around 11k usd, so it’s around 2018-19 the time.
You waited 3-4 years on your investment and already seen the profits, so if you don’t become greedy and can hold for more 2 years then i am sure you will get 10x profit.
Bitcoins are already developed and are fixed in number, so as the time passes it will become more rare so eventually the price will rise.
It’s better now to hold and wait for perfect time to sell.

Approximately the same picture is happening in the world, the reflection of which we see in the markets. So, I don't see much reason to be surprised.

no one can predetermine what the price will be or will it ever reach $100k. all the people you see saying that it is just a matter of time before bitcoin reaches $100k or even $1 million are just making assumptions. also, it is dangerous basing your investment plan on someone else's guess.

there is a lot of pressure out there, war,  inflation, bad news about btc which makes bitcoin prices go down, but in my opinion inflation is the main factor that bitcoin is getting weaker where the need for money is increasing where commodity prices are skyrocketing

It seems to me that you have not been following the price behaviour very closely. Yes, we hit almost 70,000 USD last year and since then the price has been more or less sideways until the recent dump.

Bitcoin will definitely reach 100,000 USD, but I think it will be in the next cycle already. I just think you should think more about what you are buying, and not just buy because it's the trend and it's going to go up.

Bitcoin as a means of payment and a digital store of value is unparalleled, and that's why it's worth buying.

like the panic did subside a little. and people are used to these bear market conditions. seen from the decrease and increase not too far. only about 29-30k . although if we look at it 2 days ago on the Binance chart it touched 28k, but only briefly. the rejection or bounce looks so strong that in a short time it's back to 30k. but vigilance must be maintained. and when the market is like this I myself prefer a strategy to buy gradually little by little.

That's true, chances are, that if it drops below $27-28k, there's the potential of a further drop, probably even below $25.000. However, it has been relatively stable the past few days, near the $29.000-$30.000 level, showing no major movement for the time being.

In higher time frames( Weekly) bitcoin needs to hold the support of 28,000$ and then we can say that the market structure is similar to that of 2021. But if we break this level, then I am afraid we may see much lower bitcoin prices. There is a lot of fear in the market and no one is sure if we are going up from here or not.
Based on the fear and greed index and some other factors I think we may first see a relief rally towards 38-40K before moving another leg down.

Were you sleeping under a rock in the last 7 months? Do you expect somebody to spoonfeed you with info about what happened to the crypto market in the last several months? You have a computer with internet access, just use it and you will find out about the reasons for the bearish crypto market.
How the hell did you knew that Bitcoin is going to hit the 100K USD mark? Did you have a crystal ball or something?
If you were so confident about the price hitting 100K, why are you asking about the price dropping? Can't you just predict this?
There's a war in Ukraine. There's global inflation, combined with expectations of a recession. The investors are running away from high risk assets(obviously cryptocurrencies are high risk assets).The Luna/Terra stablecoin project collapsed.
Do you want more reasons why the BTC price is down?
Do you want more reason?

If you understand the term volatility then you must be aware about the scenario what's happening and we have different cycle like bull or bearish trend which fluctuates the bitcoin prices.Some have invested at the top when it was around $69k so they have now gone down more than half but you on the other side have invested it at $11k and still in profit so what's bothering you? Nobody can predetermine the prices and it's according to market demand and supply so have basic knowledge of market.

Yeah, OP's target is $100,000 but OP is still far on it, still needs 50%.
I am not sure for OP if even Bitcoin will reach $100,000 is he/she will take profits or sell their Bitcoin that bought at $11,000? I don't think so.
OP must relax and calm down, avoid keep watching the price of Bitcoin from time to time if they are for the long term as $100,000 is a very huge target.

maybe in the future $100,000 will be reached. but not now. if you look at this year's chart it is almost the same as last year's chart. this is a common thing. the feasibility of bitcoin as an investment field is unquestionable for me. but it depends on the thoughts of each person who has a head and content of his own mind.
what is clear today at a time when bitcoin struggles at 28k-30k will be decisive. between falling to 20k or going higher. what is clear is Bear Flag and Falling Wedge both show Bitcoin resistance at $36,000. and when the reflection reaches the area please be careful.

When you bought Bitcoin for $11,000 initially, you are currently in a profitable position.
What is happening now is an answer that the price of coins in the market can change at any time. But keep in mind that Bitcoin is a very good asset and there is no need to doubt the current state of its price. There will definitely be more improvements and it really depends on supply and demand.

Whenever the bear market comes, some crypto investors will act as if they don't know that something of that nature exists. They will panic spread FUD, then I will wonder if they are not aware that it will happen?
If newbies cry we may understand that they are new to the system, but it is tiring and uninteresting when non newbies cry at this time. Nobody knows when the red market will come, all is based on speculations and so we must plan, prepare and wait for it anytime it comes.
Bitcoin will hit $100,000 one day and it will also surpass the $100,000. It is just a matter of time everything will play out.

I think this happens because there is demand and supply that greatly affects the price of the bitcoin.

for the problem of predicting this Bitcoin will rise to the price of $100,000 maybe this will happen sooner or later, maybe it will be pumped after this, but I can't say for sure this will happen this year or a few years later, and I think so too, soon Bitcoin will be pumped with a very attractive price increase that is even very significant for us to look at in the future, but it could be that the price will be higher than the price figure that was previously said to be high, and maybe it will get to $100,000 as you mentioned earlier .

The thing is that a large amount of usually newer cryptocurrency users are only in when the market is hyped, once it dies down or goes through a correction phase, a large percentage of them quickly exit the scene. Myself included, completely abandoned Bitcoin after Bitcoin crashed in 2017, due to feeling totally hopeless, since it wasn't showing signs of recovery.

We need to understand and accept the fact that the market won't always rule in our favour, thus, going though such phases is inevitable and an expected process.

The bear market is something he doesn't like for some cryptocurrency users, especially novice users who are new to and have been presented with a reddened market, of course, they will be surprised to see that. But you are right, for investors who have far-reaching visions, of course, this bear market is an opportunity for them to increase their load, not sell out of panic. I am impressed by your optimism that btc will reach 100k in the future.

Being out of crypto world for a hwile is not an excuse for it because we had this type of situation for a long time now. Its really not a shock that we crashed hard during the last few weeks, even if I didn't check the prices, if someone told me that FED increased the interest rates, I would have guessed that bitcoin would have crashed and if I checked the prices now I would have guessed that FED alone may have done this, even if we ignore the whole Luna situation. However, eventually everyone will realize that crypto is a volatile thing and it will always have this kind of crashes, because we also have insane returns, like from 10k to 68k levels, if you are not shocked at that gain, you shouldn't be shocked at a loss neither.

Sounds like op was out of the crypto space for some time, if not he would have probably flip his btc during the ath and buy back. seems op is not familiar with the bear market period that's why he is asking what happened. Allow me to welcome you to the crypto bear market, a period most crypto investors don't like very much (except for few  who have long term vision).
The smart investors see this period as an opportunity to load more, so if your bag of btc is not so heavy now is the time to increase the weight. 100k will surely come in due time. 

This is simply just market volatility, you should be aware that investing in crypto is very risky because of its volatile nature. You purchase it at a lower price, cheaper than the current price, and although you already see a $63k price, you still choose to hold, so I suggest that you should do the same, bitcoin will eventually bounce back once the bear market is over.

You said it yourself, you bought at $11.000, the market has its ups and downs, let me remind you that the market took 2-3 years to recover from 2017's crash. Just because it reached $63.000 or even close to $70k in November's all-time high doesn't mean it's going to reach $100k any time soon.

We all need to be patient and especially understand that it won't always have an upwards trend. Chances are, the market isn't going to recover within the next few months, due to the great economic recession we're going through now.

You have a chance to take profit at almost x6 and now you are asking what's going on despite your insane gain? Bitcoin will not likely hit 100,000$ anytime soon but maybe in the future. The educated guess is very funny because how come a guess can have evidence to prove it unless it's just price speculation? The current price trend is in correction after hitting the all-time high for a long time frame. The price might go low or come back again to your entry price but you should always DYOR on what you are investing so that you will be confident in holding it for a long time. You should Take profit whenever you have a chance if you are just trading because you can get the profit when you sell at 100K if you just scalp trade after selling on the ATH.

Take profit when happy as always.

For the crypto markets, this is actually nothing new. You should expect volatility if you are investing in cryptocurrencies. If you are following a strategy, then it is certainly safer to start today and invest slowly, instead of making sudden and excessive purchases at a high price.

Cryptocurrencies have only begun to grow in importance for institutional investors in a few years. It is still early to say, how much those institutions will be active buyers in the future, and what that will mean for the market. As the market grows, though, expect more sophisticated financial market participants to enter, and that will be another factor that plays into the volatility.

Do you sell bitcoins when they hit $63k and wait for the price to drop sharply to $30,180 and buy more bitcoins at a low price? If yes, then congratulations. You've made a big profit.

This is a common correction for bitcoin and nothing to worry about. As I said earlier, if you can buy bitcoins at $30k or lower, then you've already got bitcoins at low prices and you just have to be patient until the price goes up high again. Bitcoins will hit $100k someday so if you can accumulate your bitcoin amount and have more bitcoins than ever before, you will make a bigger profit than before.

The market is what is going on, nothing has happened that hasn't happened before, if you are not new to crypto, you should ready know this by now.
We have the bull market for a reason, and we also have the bear market for a reason, we have up for a reason as well as down for a reason, everything is there for a reason.
Do you care for a little explanation? Ok here...
The bull market, which is a time the market goes up is a time or season that comes so that those who bought or invested in the market during bear season can profit.
And also, the bear market, which is a time the market goes down is a time or season that comes so that those who missed out in the bull market can get the opportunity to invest and wait for the bull market to come again.

So, whatever ever season the market is, please appreciate it because they present us with great opportunities, either to sell or to buy.

It surprises you because you miss a lot of things that happen from the time you bought Bitcoin at $11,000 until it reaches $63,000.

And with the volatile nature of the market, you'll never know and nobody could predetermine when this $100k comes. It may come someday and I guess the majority were patiently waiting for it. I do believe that you already gasp some ideas and market insight, nothing is stable in the crypto market.

You bought at $11,000 which was quite fair to you, then do not forget that some people missed the opportunity to buy when it was $11,000. So, those that missed out were actually waiting for another opportunity. It is therefore correct to say that what is going on is that btc is giving people that missed the opportunity to invest another opportunity to invest at $30,000. That is the nature of bitcoin.

Asking about if bitcoin will reach $100,000. If I may ask, was btc created that it must reach $100,000 dollars? Why the figure, and why the choice of $100,000?
It's high time we stopped stressing bitcoin and accept him for whom he is.

An account that was registered in 2016 doesn't have a clue about the history of bitcoin price sounds somehow, if you were lucky to buy bitcoin around $11k, and you observe its price go to $20k and drop down to $3k and still go back to $63k should know that bitcoin as a store of value will reach $100k for sure, just give it some time. Even now, you should be at profit irrespective of the time you bought your sats.
As suggested in previous replies, 1 BTC is BTC, continue to hold and you will understand the precious investment you have done so far, you will get to know that bitcoin is one of the best store of value.

Why do you need it to be 100k?
100 is just a round number. Bear in mind that 1 dollar from 2017 is not the same as 1 dollar from 2022. T2e inflation is so high that you've lost at least 15% of your money if you held USD for the last 5 years. If you bought Bitcoin in peak of 2017, which wasn't the best time to buy , you've gained 50% at today's price.
Whatever you do, in the 5 year time frame you will be successful holding bitcoin, even if you manage buy and sell at the same price because you'll defeat inflation.

Why are you worried about 30K? It's not going to be the end game price that we'll never go above. We all know how volatile bitcoin is. You see 30k today, next month it can be 40k and then 30k again and then 50k and back to 40. If you don't like today's price come back in a month and then a month later. One day you'll see it at the level that you'll be able to accept.

the average value window for Q3 2021-q2 2022 is about an average of $28k-$73k range

this is not based on market price stats.
this is based on fundamentals of the cheapest mining costs of modern current gen asics and electric prices of cheapest to most expensive in different regions.

the price sits within the comfort zone of this window. because no one can mine cheaper than $27k meaning everyone would buy when its cheaper to mine(in their region) helping support prices from ever dipping below this.
also if everyone can mine cheaper that the $73k then no one needs to buy at such a premium if everyone on the planet can acquire bitcoin even hobby mining for less.

this means that the $100k is outside this value window.

mining costs would have to rise to make it worthy of wanting to buy for upto $100k on the market whereby its not cheaper to just mine it.

right now asia, iceland and slavic countries love to mine as its cheap to mine. other places where its more expensive to mine they prefer to buy.

no one right now sees good reason to buy above ~$70k right now
most of the buyers are al bought up and had their 'fill' in the $40k range. where as the sellers of mined coin are still making profit but not wanting to sell at a loss so they wont want it going down to much more.
(unless hashrate tumbles down and asic next gen deliveries had a nice discount on hardware price)

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.

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.

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.

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.

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.

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).
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. 

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 

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.

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



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.



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.

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.

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.


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)

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.

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.

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.

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.

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.

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.

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.

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.

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.


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.

Market volatility. As a result of demand and supply which affects the price.

No, you can not pre-determine price action. All we can do is speculate based on available data on; supply, trading demand, previous price action and adoption rate.
With the current rate of adoption and the gradual shrinking of supply pump, I am fairly confident we would hit $100k, I can however not say if it's within the next year, or next ten years.
As said above, the value of Bitcoin remains the same through market cycles, so if you're confident in the network, it's easier to hodl.

1 BTC = 1 BTC

Honey badger does not care.

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!