WHAT WILL BE THE FINAL SITUATION OF BITCOIN? - page 2.

Quidat

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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?

Trust is something that do differ on each person or investor but much sure that Bitcoin wont really be dropping to zero considering on how big the community that supporting is then we can
really say that its unlikely to happen but well we do know that everything could happen in a snap and it would always matter with the demand and recognition.Its really that hard on making out
some conclusion in regards about Bitcoin situation in the future because we dont really actually know on what the future holds on which means that everything would really be depending on
Bitcoins adoption and recognition if we do speak about its value or price. Trying out to make some conclusions about those technical indicators? I would say that it wont really be that a solid
thing on which you could really be able to tell that it would go to zero(0). We've been already on several situations or times where its price is really that something that sits on being stagnated on a certain value and not really moving much but we know that when bull run cycle kicks in then everything is really that changed.

tabas

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Wrong if you're saying someone bought at $60k and then the price now is $27k, there's still value or left from that money. It is that the value of the money that someone invested from it before has become lesser. But that's okay because this is what volatility means and that person just have to wait again until the price surpasses the $60k line. This has happened before and said during the peak of $20k and many have thought who's going to buy at that line knowing that it was an ATH, then another ATH came in.

goldkingcoiner

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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?

Nobody can predict the future. The only thing we are doing here is re-confirming our judgement about the potential of Bitcoin as an investment. And obviously many people are all of the same thought: That Bitcoin prevails and will continue to prevail. Every single argument against or critisicm against Bitcoin has been abolished, gracefully, with amazing counter arguments and pure logic.

Imagine buying Bitcoin at 60k and it goes up to 120k. There are many scenarios which are very likely, and much more likely than Bitcoin falling to 0. In fact, the probability of the scenario of Bitcoin going to over 100k is much higher than it going to under 1k.

Sophokles

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

How Much Do You Trust Bitcoin?

I have more trust on bitcoin than some useless paper cash or government controlled CBDC.

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

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

You came here to talk about bitcoin so i guess you know what bitcoin is and how to trade it. I assume you have this basic knowledge so why don't you check the market to learn about its current price. It is around 27k right now in spot market. Why someone would buy it in 60k! Huh

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

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?[/left][/center]

If we look at the potential bitcoin holdings, even $60,000 will look cheap. Touching an all-time high and taking up to a 70% correction is normal for bitcoin. This happens in every four-year cycle, so if someone bought bitcoin at $60,000, they have a great opportunity to lower the average right now. The possibility of bitcoin revisiting the $20,000 level is nominal. There are some catalyst events ahead of us that will take bitcoin above $100,000, so I am bullish on bitcoin in the long term. You can check out my post about those events to get a positive sentiment about the future of bitcoin. Potential events that can initiate next bitcoin rally

CryptoHeadlineNews

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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?

The current price of Bitcoin as of the time of writing this post is $26,600, and as such, it clearly means that if a user had bought 1BTC when the value was $60k, what he/she should be having now is $26,600 and not $0, because that's not possible, Bitcoin is not altcoin or shitcoin that goes $0 in value, which is why it is the most invested cryptocurrency, and the coin with the largest market cap.

Moreover, here is an example to help you understand how this works.

QUESTION:
Mr. A invested $200 in Bitcoin when the price of BTC was $60k/BTC, and kept hodling the coin till the value fell to $26k/BTC, so how much do you think should be left in his wallet currently?

Answer:
To know the percentage of $26k to $60k, what you need to do is;
$26,000/$60,000×100%= 43.3%

To know percentage lost = 100% - 43.3% = 56.7%

Therefore, to know how much lost;
56.7/100%×$200= $113.4

Hence; how much that will be left in the users account will be$200- $113.4 = $86.6

michellee

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That will be a bigger Ouch. But that will not provoke a strong hand investor to feel too disappointed when they bought Bitcoin at $60k. They believe the price will have its correction and they just need to wait until that time comes so that they can start buying gradually.

But I do not believe Bitcoin will go to zero, especially when many people and countries already know it. What is happening is that the price will start to increase and reach its old ATH again. After that, the price will make a new ATH, surprising everyone who doesn't believe in Bitcoin.

And the people who bought Bitcoin at $60k are already buying more, especially at the below $20k price because it's a big discount for them. Now they are still buying more Bitcoin while waiting for the time to increase. We still believe in Bitcoin so this waiting period is not a big problem for us.

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

How Much Do You Trust Bitcoin?

I trust bitcoin as long as the network protocols remains as it has always been and as well as the value of bitcoin keep increasing despite it volatility, i trust bitcoin because it is decentralized and was intended on us by it inventor to serve us with a financial alternative to using the fiat currency, i trust bitcoin because it's all about freedom and trust itself.

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

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

There's no rate you buy bitcoin that cannot render you the opportunity for profitability as long as you can hodl, so if i may say this, each time always comes with it own opportunity and now is the beginning of that future you might have aspired in bitcoin.

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

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?[/left][/center]

It's not possible, if you have invested while bitcoin was at that rate, all you have to do is to hodl and wait till after the next halving season where you can sell after a new all time high is achieved.

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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 it 100 percent that if the holder can wait patiently he/she will see profit to take home, the calculation you are doing is wrong because when someone bought at 60k and you are saying his money is zero, when the price is between 20-30k, definitely his is not zero, now that we are expecting bull run now and our expectations on price of bitcoin should be above 100k.

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

How Much Do You Trust Bitcoin?

More or less like those who believe in fiat currency I believe in bitcoin as a cryptocurrency.

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

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

I'd say there is and those still holding will make a profit when the price reaches $100k.

As long as circulation continues in the market, whatever the price of bitcoin, someone will buy it because bitcoin is not only an investment asset that is widely used by all levels of society but a transaction tool such as when you make transactions using the country's official currency.

Plaguedeath

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Imagine we're back to 2019 where Bitcoin price touch as low as $3K, who bought Bitcoin at $19K and your money is 0?

Wake up! Bitcoin reach new ATH at 2021 and people who bought at $19K can triple their money if they can sell when Bitcoin price was still $60K.

This mean even you bought at ATH, it's not make you become dumb because you're only need to wait the good momentum if you want to sell it.

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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 calculation is wrong if someone bought Bitcoin at $60k then his/her portfolio should be at $26k or above now and if the same person bought once again at $16k then cost of Bitcoin would be $38k for that person that person will also be profitable if he/she holds those coins for 2025.

Now, let's say a person bought Bitcoin at $65k and is still holding his/her investment then within next two years he/she may get chance to double up his/her portfolio. The price of Bitcoin will at least reach $100k during the next bull run and that person will still make enough profits from that investment.

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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?

Bitcoin is not dropping to 0 in the foreseeable future.

If you purchased at 68k in Nov 2021

you just as easily could have Purchased at two times the coins 16k in Nov 2022.

which would mean three coins

1 at 68
2 at 16 each

3 coin cost would be 33,333

we will be pushing 40 by april.

If you purchased at 68k and had no money to buy at 16k you deserve to lose.

Luis98

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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?

Topic: WHAT WILL BE THE FINAL SITUATION OF BITCOIN? - page 2. (Read 252 times)