Topic: What is the possibility Bitcoin will rise before the end of the year ? - page 5. (Read 749 times)

The problem is the dumping economy of most countries that is causing a lot of fear among people to dump their major markets such as the US stock market and that causes the bitcoin weak hands to panic sell their bitcoins too. But at the same time since bitcoin is not linked to any other market and the fact that the panic sell has stopped is a good sign. The chances of the rise beginning soon is starting to go higher, although it is still unpredictable.

Yeah right It would have been nice if you were able to predict to us again where the Bitcoin price might end up for this year. The only prediction everyone already knows is HODLing for the long term and you will surely make profits, other short-term predictions have mostly turned out to be inaccurate or is there anyone that predicted that Bitcoin's price was going to spike yesterday? and besides, I believe that this is not a reversal.

Just remember though that we are still in the bear market. So the sentiments is very much negative, but just like in 2018, and if my memory serves me right, we have a few occasional rises leading to December. Not huge but enough to see the price going up right after and before Christmas and then New Year as well. So of course, if we are going to look long term, at least in the next bull run, the price is still very cheap and good buying opportunity. But still depends on those people who you advises, maybe some of them will see this opportunity, but others might have qualms about it.

for those interested in the most efficient asic miners of bitmain

145Thash at 5.4kw = $13,200 cost per btc at network hashrate of 210exa   
158Thash at 5.4kw =$14,506 cost per btc at network hashrate of 210exa   

this is because these particular units are using 'cheap' boards with higher nm chips meaning their boards are cheaper to make but the electric use is higher.. so they offer the hardware at only $2.2k-$3.8k per asic instead of the usual $11k-$15k
thus making it cheap to buy an asic. which then makes the ROI and costs lower overall

this means on the most cheapest asic cost of mining, the lowest someone can acquire bitcoin for at a 4cent/kw electric
is about $13k +

these batches are releasing for delivery right now. so think of this as the 'bottom'
becasue as they go online and start mining. hasrate goes up. the mining competition fight of bitcoin reward intensifies and the cost/price goes up
also other people with less efficient asics, more costly asics, and more costly electric. cant get bitcoin that cheap. and so the chance of the price dropping that low is low due to lack of these asics in the mining population

many people with higher costs see that while the market price is ~$18k-$20k and their own mining cost is well over $20k. its just easier and cheaper to just buy bitcoin

The news about Celsius going bankrupt and Russia getting anti-crypto again were supposed to cause more FUD, but the Bitcoin price actually went up a little bit, which is weird. I expect a global recession to strike in the second half of 2022. This means that the crypto winter would most likely continue for the next year and a half of maybe 2 years. The BTC price might increase temporarily to levels above 20K or even 25K, but there won't be enough bullish momentum to push the price up to 30K-40K. The greed and optimism on the crypto markets cannot reach the 2017 or 2021 levels. Just HODL and enjoy your life. There won't be any reason to keep an eye on the Bitcoin price everyday in the upcoming months.

Although it's impossible to say anything with prediction but still we have six months period and seeing the current market trend for bitcoin there is growth opportunity ahead.The possibility is that prices will rise but with how much that's hard to say but I can imagine it above $50k or so if everything goes right and more adoption is here around the globe.

The possibility is 0 to 100% i guess? You are asking a question that can't be answered. The crypto market is very volatile and no one knows what is going to happen next to the price.
You said that you accurate predicted the price of bitcoin and when it will reach the all time high. Did you just randomly guess it and got lucky? Or was your guess based on some facts? If it is the later, then why not "predict" what the price of bitcoin will be by the end of the year?

Everyone is acting as if this is the easiest thing to do, and they are both right but also wrong. Realize that bitcoin will do whatever it wants to do, whatever "we" want it to do, there isn't really a secret to it, there isn't a solution to it, there isn't a prediction neither. If bitcoin goes up, we could see it go to 50k in a week, 100k in a month or so, its not impossible, so its never "too late", but if its not going to go up, it can stay at 20-30k range for another full year. So there isn't a reason why we should think we could figure it out, we can't. Just realize you can't, buy as many as you can afford, and wait until it inevitably goes up "eventually".

The evidence is showing very clear that the Bitcoin is having a good day nomination in the market, so I believe that this little bullish experience in the market within interval of three days I believe that the acceleration or bitcoin will continue this way until August and the September or this year. Bitcoin can be functional throughout this season but I don't actually know if some people's prediction will come to pass

A market couldnt really be just having that dumping or decreasing situation like forever.It might took for how many years or bearish market but we cant really just stay forever
something like this which means that recovery would be always next but the question is on when then this is the question where everyone couldnt able to answer.
Whether this year or on next we might see those price increase or bullish run or the best will be hitting up new all time highs which we know that this crypto market does
have soo much potential when it comes to that but everything is not predictable thats why making decisions do need up some risk management.

There should be always some pumps after a series of dumps. But what price do you expect? If you want to take profits from your short-term holding, it is always possible. You can do it as long as you know a good time to buy (entry), then you sell (exit) once there is a pump. You need sufficient knowledge and experience to analyze when the right time for buying and selling. It doesn't depend on the early, middle, or end of the year but you can do it anytime. Sure, Bitcoin will always fluctuate, there should be a decrease and increase in Bitcoin price all year round.

Guessing a higher price in bull market was not difficult to do and if one wasn't overly optimistic, that came true.
Guessing high values in bear market is risky. We do hope Bitcoin price will reach new ATH, there's no certainty - especially for when will that happen. In theory, the 4 years cycles still look good... but, again, there's no certainty. That's why I advise you be careful with the financial advises to others, since sooner or later some may blame you for their loses.

No one could ever know on what would be the future looks like specially if we do talk about price increase and dumps into this market but we know that this had been the very basic principle yet this had been
always unpredictable since from the start.

For sure no one even anticipate nor expect that bitcoins price would be going back to visit sub 20k price which we know that we've been having a hard time on breaking this 20k ATH back in the past
and now we are playing around these corners.

Speaking about recovery and potential then there's no really doubt on that but of course not all people would really be that confident on making out actions and positioning themselves on a bear market
until when recovery comes then this is where regret do commonly heard of.

When doing business, you don't have to know the extent to which you could make profits before you invested because things may turn to favour you beyond you'd expected or may not work out as planned, this now call for a more serious caution to give anyone interested to invest on bitcoin both the pros and cons, there's risk in every business and investment and one need to emphasize on that, bitcoin price may or may not rice till the end of the year but there's always a certainty that it will rise but no one knows the time.

Agree with what you say, because regardless of what actually no one can predict with certainty when bitcoin will increase and decrease but in this case for the longer term it still has the possibility to go up and this I will probably say with certainty.
The fact that bitcoin continues to rise in price from year to year is actually an answer, but for now they are indeed at the bottom and that is reasonable in my opinion.

Why ask about the rise or fall of us when you claim that you yourself predicted it? What should users say? Ask yourself, and you will not be mistaken, because you have been right in the past.

Otherwise, these are banal answers that have already been advised thousands of times here. Of course, bitcoin will grow. Of course, it is worth investing in it. What's new you said?

The question is different; no one knows the exact time, and even this question already looks somewhat obvious.

There is nothing bad to hold and enjoy the rise, even if the price of bitcoin is falling this present time, I will advise holders to remain holding because it will later pay out good. The market is favoring bitcoin upside, but we do not know what will be the next, the price may continue to increase, or maybe decrease further. I read in a news that bitcoin miners are not selling and if more people are not selling, this will favour bitcoin price to increase, but we are all just predicting the price, which will favour long term holders certainly.

In the short term, no one can give an accurate prediction to what direction the market would take with any precision; it's just a gamble.

In the longer term, I can speculate that Bitcoin would be much higher than it is now, within the next 1-10 year time period. The price increase could  be a 5×, 10×, 20× or more from now (I prefer to be conservative with my speculations).
This long term potential for growth is what investors should target, and you will be bothered less by short term volatility.

Last year I predicted Bitcoin will rise above the value at the start of the year and I was totally right about it, in April Bitcoin eventually reached a new all-time high price of $64k. Bitcoin added about 72% of its value as it  increased drastically before it eventually started falling back in May till September. I don’t really know how this year is going to turn out now because of the present dip. But I just hope it increases, that’s why I’ve been advising so many people  to hold their Bitcoins and even buy more now cause it will surely rise again.