WHAT WILL BE THE FINAL SITUATION OF BITCOIN?

Renampun

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Quote from: Luis98 on September 28, 2023, 09:10:33 AM

How Much Do You Trust Bitcoin?

Those who invested later, IS ANYONE BUYING BITCOIN AT 60 K?

Imagine Buying Bitcoin AT 60 K And Your Money Is Now 0

Well, Bitcoin Stagnated in the 20-30 Band, Do You Think the Number Could Fall?

your calculations are wrong, people who buy bitcoin at $60k will not experience a loss of up to zero if they continue to hold it, in the last few months the price of bitcoin has gone sideways but is there a guarantee that this sideway will last forever, bitcoin's 4 yearly halving is the year in the future, we will see the price of bitcoin move significantly, besides that investors who apply DCA in their investment in bitcoin will not experience losses even if they buy bitcoin at a price of $60k because their target is long-term sales, they are not weak hands.

Issa56

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Quote from: Luis98 on September 28, 2023, 09:10:33 AM

How Much Do You Trust Bitcoin?

Those who invested later, IS ANYONE BUYING BITCOIN AT 60 K?

Imagine Buying Bitcoin AT 60 K And Your Money Is Now 0

I will keep on accumulating bitcoin even when it is above $60,000. I will just make sure that I buy with the amount I won't be using for now.
How will you buy bitcoin at $60k and your money be 0? bitcoin haven't dropped to 0, if you bought bitcoin at $60k, the amount that you will have left will be slightly below half of the amount that you invested, so I don't really understand what you mean by you will have 0 amount left. You have done your calculation wrongly, maybe you just have to redo your calculation.

Quote from: Luis98 on September 28, 2023, 09:10:33 AM

Well, Bitcoin Stagnated in the 20-30 Band, Do You Think the Number Could Fall?[/left][/center]

I can't really answer the question that you just asked, bitcoin might fall or pump. It's difficult to predict bitcoin's next movement, but if you have the mindset to invest, you can just do your research and start investing gradually. You don't have to invest all your money at once, you can just divide your funds into different parts and start investing gradually. In case bitcoin dumps more, you can keep on accumulating.

Spaceman1000$

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Quote from: Luis98 on September 28, 2023, 09:10:33 AM

How Much Do You Trust Bitcoin?

Those who invested later, IS ANYONE BUYING BITCOIN AT 60 K?

Imagine Buying Bitcoin AT 60 K And Your Money Is Now 0

Well, Bitcoin Stagnated in the 20-30 Band, Do You Think the Number Could Fall?

I think the numbers will actually rise above 20-30 as you've speculated, I have so far observed the bitcoin market, ever since the launch of bitcoin it has never gone to that zero number your speculating. But as an investor, you need to be optimistic about your investment, nobody invest his money with the mindset of his investment nosediving.

amishmanish

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This thread is full of the usual claims of commitment by strong hands and believers alike. Yet, if someone bought bitcoin at the 60K ATH, especially becoming disillusioned by the Musk and Tesla fueled frenzy, those people would probably never have anything to do with bitcoin and crypto.

People at the forum talk about bitcoin never going below a certain point. This is plain naivete. If tomorrow Michael Saylor decides to cut his losses, or is forced to do due to investment constraints, the price will probably crash. Binance is under investigation and if they go down, so will Bitcoin. So, there is no certainty to the price of bitcoin because there isn't enough activity on top of it due to SEC cancelling those derivatives again and again.

Finally, when the mining reward becomes low enough such that mining doesn't remain profitable, it'll all go down unless some huge pivot has been made by then. There is a lot that can go wrong as well as right. Anybody claiming certainty is fooling themselves.

Doan9269

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Quote from: lombok on October 11, 2023, 10:37:26 AM

If I didn't believe it, I wouldn't buy and hold when Bitcoin drops in price. It doesn't matter if I buy Bitcoin at any price and intend to keep it and sell when Bitcoin reaches its latest ATH. So clearly, the final situation here is investing in Bitcoin long term. And here it is also clear that we will face a halving next year and according to history, 1 year after the halving BTC will reach ATH, that is the final situation where the value of BTC assets which fell at that time will return or even be worth more.

And those that are just observing and not investing, they will also be the same people to later write an epistle on how they missed the opportunity with bitcoin over the years, sometimes we just look on some other things from afar and not until we move closer we may not understand the reality in those things to how we are seing them afar, bitcoin is a currency that if those people not adopting it use and acceptance could see far beyond where they were actually viewing from, they would have understand it's something they also have been waiting for, we are going more better and bigger with bitcoin from now and so on.

lombok

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If I didn't believe it, I wouldn't buy and hold when Bitcoin drops in price. It doesn't matter if I buy Bitcoin at any price and intend to keep it and sell when Bitcoin reaches its latest ATH. So clearly, the final situation here is investing in Bitcoin long term. And here it is also clear that we will face a halving next year and according to history, 1 year after the halving BTC will reach ATH, that is the final situation where the value of BTC assets which fell at that time will return or even be worth more.

Blitzboy

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How about trust and Bitcoin? Thats kind of like the final test for investors in relationships. Getting Bitcoin for 60K... Thats a pretty big move. That being said, Bitcoin has been such a wild ride, right? Going up and down, making us laugh and scream at the same time. Its been staying in the 20–30 band for a while now. Could it go down even more? Who knows for sure? The crypto game is so hard to guess!

The real issue is how to sleep at night when there is so much doubt? You have to pick between coffee and tea. You have to trust your gut and drink what you think is right sometimes. Dont forget that buying is all about the long term; short-term bumps are just part of the ride.

eightdots

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Quote from: Luis98 on September 28, 2023, 09:10:33 AM

How Much Do You Trust Bitcoin?

Those who invested later, IS ANYONE BUYING BITCOIN AT 60 K?

Imagine Buying Bitcoin AT 60 K And Your Money Is Now 0

Well, Bitcoin Stagnated in the 20-30 Band, Do You Think the Number Could Fall?

If you believe that the Bitcoin price will be 0, then we do not have much to tell you. Bitcoin price may have stopped in the 20-30k band, but we all know it will rise. Bitcoin has certain cycles and in these cycles the price has always gone up.

If you have lost your faith in Bitcoin, take a look at where the price of Bitcoin has come from and what levels the price has reached in Bitcoin cycles.

Don't just care about the price of Bitcoin. Take a look at the conveniences and technology provided by Bitcoin. Look at the understanding that Bitcoin aims for and give up the price-only approach.

reagansimms

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Quote from: Luis98 on September 28, 2023, 09:10:33 AM

How Much Do You Trust Bitcoin?

If you believe fiat currency can be used to buy goods and services, I believe Bitcoin is more than that, apart from being able to be used to buy goods and services, Bitcoin can also be used as a profitable investment asset.

Quote from: Luis98 on September 28, 2023, 09:10:33 AM

Those who invested later, IS ANYONE BUYING BITCOIN AT 60 K?

There will always be those who buy Bitcoin, those who buy Bitcoin at a price of $60k will hold it until the price is more than $60k, they will also add investment value when Bitcoin is trading below $60k, the aim is to add bigger profits when the price of Bitcoin reaches its highest price.

Quote from: Luis98 on September 28, 2023, 09:10:33 AM

Imagine Buying Bitcoin AT 60 K And Your Money Is Now 0

I wouldn't imagine that, because it won't happen as long as there is supply and demand. Bitcoin will continue to have a price, the possibility of the price becoming 0 is very small because it is starting to be adopted on a large scale in various countries. So I am never afraid to keep Bitcoin even if its value starts to fall, because I have confidence that Bitcoin will continue to maintain its price at the highest level.

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Quote from: Luis98 on September 28, 2023, 09:10:33 AM

How Much Do You Trust Bitcoin?

Those who invested later, IS ANYONE BUYING BITCOIN AT 60 K?

Imagine Buying Bitcoin AT 60 K And Your Money Is Now 0

Well, Bitcoin Stagnated in the 20-30 Band, Do You Think the Number Could Fall?

I trust Bitcoin in a sense that I trust that it's a secure decentralized psedonymous currency that can be stored and used without intermediaries.
As for the price, I expect Bitcoin to have more bull and bear marker in the future and expect it to recover from every bear market, even though I realize there's no guarantee that it will keep happening.
I didn't invest at $60k, and I think doing that would be somewhat unwise, but I do think that even those who bought at $60k will enjoy profits from their investments in the long run.
The price of Bitcoin can go below $20k, but I think it's unlikely to happen.

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Quote from: Luis98 on September 28, 2023, 09:10:33 AM

Those who invested later, IS ANYONE BUYING BITCOIN AT 60 K?

Probably still yes. We arent on that level but once it reaches there again of course there will be buyers of it. We dont know what bitcoin price few years from now and if ever it got 200 or 300k price obviously there will be buyers at 60k level. Its just unfortunate those who buy at that level and they got some heavy losses. Thats how trading or high risk volatility on crypto.

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Quote from: Luis98 on September 28, 2023, 09:10:33 AM

How Much Do You Trust Bitcoin?

Those who invested later, IS ANYONE BUYING BITCOIN AT 60 K?

Imagine Buying Bitcoin AT 60 K And Your Money Is Now 0

If bitcoin fall to zero, that means you are in your dream and you will soon wake up. Bitcoin can not fall to zero. Bitcoin can not get to $15000 ever again.

If you invested at $60000 and you are losing right now, the best is to continue to hold and the price of bitcoin will get to all-time-high and you will later make profit from your bitcoin holding.

How much do I trust bitcoin? 99.99%.

It is important to study bitcoin price so that you will know the right time to invest.

Baofeng

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Quote from: Luis98 on September 28, 2023, 09:10:33 AM

How Much Do You Trust Bitcoin?

Those who invested later, IS ANYONE BUYING BITCOIN AT 60 K?

Imagine Buying Bitcoin AT 60 K And Your Money Is Now 0

Well, Bitcoin Stagnated in the 20-30 Band, Do You Think the Number Could Fall?

Ask this when we are in the bull run, obviously the bear market is still in effect that's why we are still in the $20k-$30k range. But what if in the next bull run the price goes to $100k++?

So for those who have invested at $60k and didn't sell, and what they might be seeing is what we call paper loss. And then they continue to hold then by the end of 2025, they could still made profits.

Or if by chance they sold at $60k, they can reinvest it when the price goes down last year at $15,500, lowest low and then just continue to accumulate as much as they can and sell at the height of the bull run.

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Buying btc at 60k and it becomes 0?
How is that even possible? To even think for btc to be worth nothing, we will need something else to take its place that may either replace it or just get to a place where even btc couldn't reach. Let's talk about the final situation of btc, I think it will never be worth 0 so it's not worth it to talk about what is not possible in crypto.
It has been more than a decade and there have been various coins that came and even some projects died, but btc had been there no matter what.

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Quote from: Luis98 on September 28, 2023, 09:10:33 AM

How Much Do You Trust Bitcoin?

Those who invested later, IS ANYONE BUYING BITCOIN AT 60 K?

Imagine Buying Bitcoin AT 60 K And Your Money Is Now 0

Well, Bitcoin Stagnated in the 20-30 Band, Do You Think the Number Could Fall?

imagine it this way

imagine the most expensive location to mine bitcoin on the planet being japan and hawaii where by in 2021 the mining cost max of the planet was $75k

imagine the most efficient location to mine bitcoin on the planet being asia and slovic areas where by in 2021 the mining cost min of the planet was $15k

now imagine speculation psychology...

if no one on the planet can mine for less than $15k then no one wants to sell for less and everyone wouldturn to buying at that low.. this creates a support wall to stop it going down below $15k

if everyone on the planet can mine for less than $75k then no one wants to buy for more than $75k everyone would turn to mining and selling at that high.. this creates a resistance wall to stop it going up

well now in 2023 the support of the planet is about $22k and the resistance is at $150k

and the market ALWAYS speculates between the periods support/resistance of the economy

..
the resistance and support does rise at a slower pace and the market speculates randomly within the moving limits

as long as the mining cost/competition continues we will not see a zero bottom again

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Bitcoin can have a two-way situation either it is thriving well or it is dead. But who cares, we can just enjoy the opportunities and functionality that Bitcoin brings. Why bother too much on the unknown charter of Bitcoin future when we can actively participate in its economic activity right now?

In terms of Bitcoin price, I believe it will recover just like what happened in the previous years of Bitcoin. So before stating any conclusion, why not just observe and participate in the Bitcoin market while the future for Bitcoin unfolds.

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Quote from: Luis98 on September 28, 2023, 09:10:33 AM

Imagine Buying Bitcoin AT 60 K And Your Money Is Now 0

How about the opposite - can you imagine someone buying 100 bitcoin in 2010 and they still have $2.7M in their wallet today?
How likely are you to ignore that fact instead of being too afraid of the future?

I'm not sure you really dare invest $1000 - $5000 in bitcoin at current prices to expect returns in the years to come. Really we didn't come for useless things like worrying about the future. Investment risks will always exist regardless of your investment assets. If you are worried about the future - then don't do it at all or don't involve yourself. But I hope you can change that mindset once you know what the reality is - so get more facts instead of talking a lot about pointless things.

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Quote from: Luis98 on September 28, 2023, 09:10:33 AM

How Much Do You Trust Bitcoin?

Why you should ask this question? Huh

When we invest in Bitcoin, it means we no doubt with Bitcoin. We even trust on Bitcoin for our future. Investing in Bitcoin for a long term, means we 100% believe in the future of Bitcoin. We won't put our money for many years if we don't trust in Bitcoin.

Anyway, before you ask others, can you answer how much you believe in Bitcoin?

Quote from: Luis98 on September 28, 2023, 09:10:33 AM

Those who invested later, IS ANYONE BUYING BITCOIN AT 60 K?

Of course, there should be people who bought Bitcoin at $60k. I still remember when BTC was around $60k, people believe it will be $100k. At that time, people may have no doubt to buy Bitcoin at $60k. But sadly, it stopped in $69k (latest ATH). So, people who bought at $60k probably still keep their Bitcoin and wait for the next ATH.

Quote from: Luis98 on September 28, 2023, 09:10:33 AM

Imagine Buying Bitcoin AT 60 K And Your Money Is Now 0

As long as those people didn't sell their Bitcoin and keep it on the wallets, their money isn't 0. You must know that Bitcoin price never dropped to 0 value. So, how can their money to be 0?

Quote from: Luis98 on September 28, 2023, 09:10:33 AM

Well, Bitcoin Stagnated in the 20-30 Band, Do You Think the Number Could Fall?

Do you mean the price looks stable around $20k-$30k?
It is because we are still in the bearish season and there are many FUDs lately. But if you understand the havling schedule and bullrun season, you must be aware that we are heading those green market period. So, the price of Bitcoin seems to increase, it probably won't be stuck (sideways) anymore.

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Quote from: Luis98 on September 28, 2023, 09:10:33 AM

How Much Do You Trust Bitcoin?

Those who invested later, IS ANYONE BUYING BITCOIN AT 60 K?

Imagine Buying Bitcoin AT 60 K And Your Money Is Now 0

Well, Bitcoin Stagnated in the 20-30 Band, Do You Think the Number Could Fall?

I think that most people need BTC for long-term hodling, so even if someone bought BTC for 60K they still have a chance to get some profit out of it... Moreover, the price of btc depends no only on btc value, but also on dollar value: if dollar inflation occurs, the price of btc can rise up to 100K or even more, but the "true" value of these 100 K will be just the same as it was before the inflation. There is a chance to conserve the savings this way (however, in case of dollar inflation, cryptocrrencies and other fiats are at a risk of inflation too).

BitcoinPanther

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Quote from: Luis98 on September 28, 2023, 09:10:33 AM

How Much Do You Trust Bitcoin?

Those who invested later, IS ANYONE BUYING BITCOIN AT 60 K?

Imagine Buying Bitcoin AT 60 K And Your Money Is Now 0

This is an exaggeration, Bitcoin still have value and yet to become worthless, so the money invested when Bitcoin was at $60 suffer a huge loss but does not become 0. Whether we trust Bitcoin or not, I am sure an informed investor can wait rather than selling his stash at a loss.

Quote from: Luis98 on September 28, 2023, 09:10:33 AM

Well, Bitcoin Stagnated in the 20-30 Band, Do You Think the Number Could Fall?[/left][/center]

There is a possibility but with how Bitcoin is able to recover its price and eventually break its ATH during bull run, I can say that history might probably repeat itself and we see the Bitcoin price recovering and paper losses being voided by the uptrend of BTC market.

Topic: WHAT WILL BE THE FINAL SITUATION OF BITCOIN? (Read 260 times)