Topic: Will the bitcoin price continue to increase? - page 8. (Read 1312 times)

Bitcoins price completely depends on their users only. If we want, then only the price will increase, and vice versa. The thing that I want to point out is that, Bitcoin follows the policy of supply and demand. So if the demand of the coin increases, then due to the limited supply of coin, the price will be forced to increase. So Bitcoins will only increase, if we buy more coins than we sell. You can easily see the application in a particular exchange. If the exchange has more buy orders than sell orders, then you will notice that the price of Bitcoins will increase simultaneously.

If it is possibility then there is a chance. But to my perspective this is just a temporary spike with the market price. As far as I remember, in every bullish trend there is a reason. As to our awareness, the market prices are more likely to increase continuously in 2024 because of the anticipated Bitcoin halving. Reason? Previous Bitcoin fork wherein it broke people's expectation. Which is why I doubt the increase at this moment wherein there is no concrete reason for what we are currently seeing. All I know is that it is good to see a recovery even if there's no certainty that it will continuously increase. The market suffered for months because of different factors. This simply shows hope for this industry, proving that it will always (at the present) be able to recover in every market dump.

We talking about volatility so that's yes for both of it.

We don't know if bitcoin will increase or gonna decrease and how long is that future you're projecting? What many of us are agreeing in here is that as the halving approaches, we're about to get some bump after that.

And that's going to give you the idea that every halving, the bull run's are made. As we wait for that, you need to do something and that's no other than accumulating more bitcoin.

Bitcoin price is unpredictable so at that predicting the price of bitcoin is a fruitless effort so many spectators have tried to predict the price, but bitcoin in most cases proves them wrong and moves against the prediction.
But then since you mentioned in you last paragraph that of Bitcoin will increase in the near future, this question has been asked severally and the answer remains the same Bitcoin will rise shortly, but predicting the time is what most bitcoin speculator has not been able to predict the right time that bitcoin will take a direction the market will take.

There is still a big possibility for bitcoin to increase again soon, but we can only predict based on what is happening worldwide, including the news that will be released later. If there is a lot of positive news, it may trigger the bitcoin price to increase and vice versa.

But whatever is going on with bitcoin, you have to have a lot of bitcoin these days because if the price can go higher, you can already start to see how much profit you'd make if you sold it. And the amount of profit will be even greater if the bitcoin price can increase quickly to a high price. But maybe the price of bitcoin will stabilize at its current price or rise or fall slightly as a correction before starting to gain again. So be patient.

In fact Bitcoin is a tool or digital currency for transactions, so it is likely that it will continue to increase or increase in price with the development of human civilization to start being literate about technology and starting to mushroom or touch new traders or newbies who are new to crypto and that is an opportunity big for this BTC rising in price, and hopefully this bitcoin will be the largest capitalization in the form of currency in crypto.

neither!

im talking about numbers unrelated to market price predicting within the window. i was giving the scope of min:max or what the price(whereever it ends up, being within, not where it would sit at any given time
its more so saying the obvious..like: " in 2023 humans will be.. on earth"

this is about the value:premium window frame limits of the last few months.. as a 6 month window.. it has nothing to do with predicting the price by X time within that window, nor what specific location in the window the price will be.
its more so saying the limits of where you wont find the price(no humans in the deep abyss of the ocean or on mars any time soon)

as for your $10k predictions. thats a number below $15k. thus your sugesting man will swim into the abyss

so again to explain
if the many methods to acquire bitcoin. where mining is one of them has lots of sentiments of different prices independantly depends on who and how they can get bitcoin
however if you find the edge cases. the extreme ends you then know where the price wont go

the cheapest method on planet is mining in the best electric location with the most efficient hardware, where this base number cost of bitcoin is $15k
at the other end with relatively new hardware but less efficient with electric prices being highest on planet sits at $90k

if everyone can mine from home for less than $90k no one is really wanting to pay a supreme premium of $90k to get bitcoin if they can all get it cheaper via other methods(thus imagine for instance $200k as a no-go zone of silly expectation)

if no one can mine from most efficient asic farm for less than $15k no one is really wanting to sell for a loss of $15k
so thats its boundary lines(thus imagine for instance $7.5k as a no-go zone of silly expectation)

hashrate has to drop by a lot and stay consistently low for about 6 months to really affect the bottom boundary

2021 seen a window of ~$10k-$75k. and as we can now see the price healthily sat within that boundary window
2022seen a window of ~$15k-$90k. and as we can now see the price healthily sat within that boundary window

in short
the underlying non-zero boundary does increase per 4 year halving cycle and will continue to do so to support the market price then speculating above the boundary, where by within that 4 years cycle the bottom boundary moves up slowly and not as volatile as the speculating market price above the boundary

oh and electric costs have gone up since 2021-2022 so costs of the bottom boundary are in a moving up direction not down

Actually bitcoin is an innovation to facilitate transactions and save on transaction costs, in my opinion bitcoin in the future depends on who wins, whether the giants or the government, but according to my predictions the price of bitcoin will continue to increase, because now the issue of war has subsided, post-covid 19 issues and crismon has subsided, even now there are clear and firm regulations against thousands of micin coins that have spread too much and are at risk of scams.

Are you talking about this year or until ATH max of $90k? If this year I agree that's more or less the range (except I think $20k to 50k is more likely in this next 12 months).

If it is including next year I do expect a crash to $10k if it happens below 30k (50% wipeout).

using some basic fundamentals (no im not talking about crappy youtube influencer hand drawn historic trend line anal' lines on spot market charts)

economic facts of value:premium window
sets 2022 as a 15k-90k
window from the price "could have" moved within

no one can predict where or when within that window the price will be

however the potential is there
this means dont expect a $200k anytime soon, forget that
..

as for looking for other stuff of fundamental economics off the(retail) spot market
there are the whale traders on wholesale markets who set bets that the price remains within small margins
EG this weeks $23k

they simultaneously have arbitrage bots on the spot market to pressurise and resist the price from going too high too fast so their futures bets on the wholesale market flourish
you spot them sometime switch of the bots for a few hours to let prices peak a lil above their desired limits, this is to coax newbies into betting against them that the price will go over $23k. but they dont let it go too out of control and reign the prices back down

we seen this in december with the $17k resistance that suddenly new years day seen the resistance bots just stop resisting at $17k to allow a bit of free trade above $17k

whereby the whales set new resistances a slightly higher numbers of 21.5k then 23k

we have plenty of opportunity to move within (currently) a wide window of $15k-$90k
so don t expect crashes to $10k or speculations up to $200k
prices will(for now be limited to 15k-90k.. but from looking at the flat line resistances of 1-8 week periods. the whales want to control the price marginally in smaller movements

some novice investors and traders have more concerns about the assets they own. especially when market conditions are not very friendly. they look at a market that has fallen sharply and then sees a move that makes them happy. Of course, there is a sense of wanting to take advantage of seeing the correction happen again.

Some people predict prices, though they can't guarantee their accuracy, that's how many of them do business.
I think prices will likely stabilize at $20k. even if a small pump occurs later it will still be followed by a correction. those wishing to enter at the current price, better think carefully.

No one has a crystal ball to predict what happens in the near or distant future, though the latter is considerably easier to attempt to predict.

If you are a long term holder you should not be worried about what happens in the near future, or which DoJ said what.
If you are a trader then, you should not have to ask questions like above.

- Jay -

bitcoin started the year quickly, resulting in a series of price increases, bitcoin for example increased in price to $20,000, and now bitcoin has increased again to $22,695.20.
is it possible that bitcoin will increase again in the near future, or will it decrease again.

on the other hand some of the negative things experienced by crypto this week also dampened the positive atmosphere, one of which was anxiety in the market, when the US justice department announced it would make an important statement.
However, the statement announcing the confiscation of Russian cryptocurrencies based in Hong Kong, as a continuation of the operations that have been underway from September eased the anxiety a bit. But still the warning message from the US DOJ was overwhelming.

Reference : bitcoin news