Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Bobcrypto on November 17, 2024, 12:03:12 PM
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Many people will always come up with some speculative ideas that may cause panic on the market for theirs personally advantage. However, the price of Bitcoin keep going stronger by the day and despite this negative speculation, many school of thoughts, think Bitcoin is hitting $100k by November or December even Michael Saylor believe that Bitcoin will not retrace back to $60k. Mr Michael Saylor even thinks that Donald Trump win, settles the future of crypto in the near terms. what do you think?
Please take look at the details here: https://cointelegraph.com/magazine/bitcoin-price-thanksgiving-trader-btc-etf-options-cftc-hodlers-digest/
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My positive side of me will always hope that Bitcoin will not anymore go back to the $60K level as we are moving towards the official start of the Trump administration in January 20. However, I am also aware that anything can happen in the cryptocurrency market and for all we know in a blink of the eye the prices can be changing its direction even back to $50K. I am not hoping that it will but we really don't have full control of what can be in a very volatile asset like Bitcoin. All we can do is hope and pray.
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Nah, I do not think that Bitcoin will go back to $60k, Unless we hit that magical number of $150k-$175k, then it could retrace back. But that is going to happen on the bear market and not in the full bull market that we are seeing.
Trump hasn't been officially sit as the 47th President, so there's a lot of price room still. So we will have to wait till next year. But I guess there are still people who wants Bitcoin to go down, because they have missed the boat at $60,000.
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Asking Saylor about the price of Bitcoin is like asking the Saudi Pricen about the price of oil.
Do you imagine that even if he had real information that would make him believe Bitcoin would go to 40-50k he would be insane enough to come out in the open and tell everyone this, creating the dump himself?
For info about what could be the worse ask the haters, for what could be the top ask the believers, not the other way around!
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Many people will always come up with some speculative ideas that may cause panic on the market for theirs personally advantage. However, the price of Bitcoin keep going stronger by the day and despite this negative speculation, many school of thoughts, think Bitcoin is hitting $100k by November or December even Michael Saylor believe that Bitcoin will not retrace back to $60k. Mr Michael Saylor even thinks that Donald Trump win, settles the future of crypto in the near terms. what do you think?
Please take look at the details here: https://cointelegraph.com/magazine/bitcoin-price-thanksgiving-trader-btc-etf-options-cftc-hodlers-digest/
Well until we settle retail fomo we are not really true bull. so the current 89.9k is nice but not a big deal.
I know full true raging bull 🐂 will be when we top 150k in under april 1 date.
what I don’t know 🤷♀️ is will this ever happen.
So yeah a 60k retrace in the next 100 days is at least 10% possible
and a 120k price in the next 100 days is about 20% possible.
which leaves me at 70% who knows.
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Many people will always come up with some speculative ideas that may cause panic on the market for theirs personally advantage. However, the price of Bitcoin keep going stronger by the day and despite this negative speculation, many school of thoughts, think Bitcoin is hitting $100k by November or December even Michael Saylor believe that Bitcoin will not retrace back to $60k. Mr Michael Saylor even thinks that Donald Trump win, settles the future of crypto in the near terms. what do you think?
Please take look at the details here: https://cointelegraph.com/magazine/bitcoin-price-thanksgiving-trader-btc-etf-options-cftc-hodlers-digest/
I guess he's just trying to give a positive speculation, maybe to ease out and relax his mind. It is well known that the market is highly unpredictable and analysis/speculations are based on probability... May or may not happen.
Though the market is experiencing positive price growth, and currently, most analyst predict the price of BTC to get to 100k before the end of the year or at the early period of next year.
But on the other hand, no one is predicting when the market is likely starting the bearish trend or how low the price of BTC will get to during that period.
He may be right and he may be wrong too, since the future is not seen yet, nobody knows how low the price of BTC will get to in the next bear season.
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I agree with Mr. Michael Saylor that Donald Trump's victory will determine the future of cryptocurrencies in the near term, I wrote this in one of my previous posts that the future of Bitcoin and cryptocurrencies will be determined based on whether Trump fulfills his promises or not.
If Trump fulfills his promises, we will see a significant rise in prices with an open environment and lenient regulations for Bitcoin and perhaps acceptance in many parts of the world, and if the opposite happens and Trump does not fulfill his promises, we will see a drop in prices and more stringent regulations.
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many school of thoughts, think Bitcoin is hitting $100k by November or December
lots of us expected bitcoin to reach $100k on january 2025 at least but now that bitcoin was able to set a whole new ath there are now much more optimism surrounding the coin more than ever i do think it is possible that it touches close to $100k before the month of november ends and will fully reach it on december
even Michael Saylor believe that Bitcoin will not retrace back to $60k. Mr Michael Saylor even thinks that Donald Trump win, settles the future of crypto in the near terms. what do you think?
only time will tell until where bitcoin will dip down i do believe bitcoin will still correct itself and the market will go down to $70k but people should not panic at this time and instead keep buying and accumulating bitcoin
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We don’t really pray for bitcoin falling or coming down right away but this cryptocurrency you see is always something you can’t predict all the time, it is unpredictable nobody ever believes that it will raise this way so sudden but it does, so the way it does it can still go back to $60k or even more lower but we don’t really pray for it that way.
Everyone hopes it hit $100k before the new year with it price gouging this way it is likely to be said it will hit $100k before next year but one thing to put in consideration is that it is always unpredictable. We don’t expect it going up and not coming back down we just pray it goes down just a little bit.
We will see whether Micheal saylor has a chance of saying a better and stronger sentence of bitcoin not reaching $60k we are all waiting if it really comes to existence and if is words really comes true.
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I agree with Mr. Michael Saylor that Donald Trump's victory will determine the future of cryptocurrencies in the near term, I wrote this in one of my previous posts that the future of Bitcoin and cryptocurrencies will be determined based on whether Trump fulfills his promises or not.
Of course, we know that Trump winning the US election is the catalyst for this bull run. And it's easy to gauge that as we all know that he is a pro-Bitcoin President.
If Trump fulfills his promises, we will see a significant rise in prices with an open environment and lenient regulations for Bitcoin and perhaps acceptance in many parts of the world, and if the opposite happens and Trump does not fulfill his promises, we will see a drop in prices and more stringent regulations.
We just have to believed him though, I mean he is a very tough person, he is that President that really makes his promises. But just remember that we will be also as well in the bear market in 2026 when he is the sitting President. But for now, I think he is the one that is going to push the price to $100,000-$150,000 or higher at this bull run.
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Nah, I do not think that Bitcoin will go back to $60k, Unless we hit that magical number of $150k-$175k, then it could retrace back. But that is going to happen on the bear market and not in the full bull market that we are seeing.
Trump hasn't been officially sit as the 47th President, so there's a lot of price room still. So we will have to wait till next year. But I guess there are still people who wants Bitcoin to go down, because they have missed the boat at $60,000.
Mate, at any season that Bitcoin begin to pump just like it is currently doing, there are many who will always regret and wishing that price could come back to the position of their hearts desires This situation has been happening, and think it will ever remains to be happening over and over again.
As a matter of facts, newbie investors, Holders, will always wish the price of Bitcoin should drop to even $20k or more, to enable them take a long position. I think Bitcoin is going moon and may not retrace back to $60k, just like Michael Saylor insisted.
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Bitcoin market is always buzzing with speculative ideas that can cause panic but surprisingly its price keeps going up. Experts like Michael Saylor predict Bitcoin will hit $100k by November or December and he is confident it can not drop back to $60k. Saylor also believes Donald Trump win would solidify crypto future. Currently Bitcoin price is around $90,600 expected to rise 7.88% to $97,764 by November 20 2024 may be. Market sentiment is overwhelmingly bullish with 85% being bullish and 15% bearish. Key factors driving Bitcoin price include bullish market sentiment strong short term and long term trends indicated by moving averages and expert predictions of significant price increases.
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Asking Saylor about the price of Bitcoin is like asking the Saudi Pricen about the price of oil.
Do you imagine that even if he had real information that would make him believe Bitcoin would go to 40-50k he would be insane enough to come out in the open and tell everyone this, creating the dump himself?
For info about what could be the worse ask the haters, for what could be the top ask the believers, not the other way around!
That's right, the man became completely addicted to BTC and bought another 50 000+ BTC for $4.6 billion. The only thing that is strange about Saylor and BTC is that the price almost never reacts when he announces that he has made a new investment.
If he dreams of anything, it is to reach at least 500 000 BTC and to be able to show everyone how right he was, at least from 2020 onwards.
+1
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That's his opinion and nothing wrong with that. We will see it after the bull run if it will be back to that as the new low for the bear market. That's what I think might happen. But I am not removing any possibility on my mind that we might retrace to that price soon. Because no one will ever know until we finally see it happen. I'm bullish so I don't think that we'll ever be back to lower prices but with $60k, we just came there a month or two ago so, every possibility is there but chances might be too little.
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Many people will always come up with some speculative ideas that may cause panic on the market for theirs personally advantage. However, the price of Bitcoin keep going stronger by the day and despite this negative speculation, many school of thoughts, think Bitcoin is hitting $100k by November or December even Michael Saylor believe that Bitcoin will not retrace back to $60k. Mr Michael Saylor even thinks that Donald Trump win, settles the future of crypto in the near terms. what do you think?
If Bitcoin grows to 100k and above, I will personally be happy and will be happy to see his dreams come true but there is this thing we call risk management, I'm not sure if he is doing that at this stage. There is opium in the market right now and it's good to be on the good side atleast he is trying to pump his bags but the market don't need your opinion to sell.
He has been pumping money recently and it scared me, don't know where that money is coming but his MSTR has run up recently. Whatever he is selling to buy Bitcoin, I really hope he doesn't get in hot soup.
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Many people will always come up with some speculative ideas that may cause panic on the market for theirs personally advantage. However, the price of Bitcoin keep going stronger by the day and despite this negative speculation, many school of thoughts, think Bitcoin is hitting $100k by November or December even Michael Saylor believe that Bitcoin will not retrace back to $60k. Mr Michael Saylor even thinks that Donald Trump win, settles the future of crypto in the near terms. what do you think?
I also don’t see it going back to $60K now until and all time high price is reached at the end of this bull run. I know a major retracement is going to come during the bearish period which we are not expecting now until the bull run is over. Micheal Saylor’s thoughts are valid and I think it’s even more realistic as US president is now in the hands of Donald Trump who is a bitcoin enthusiast. This market has been on retracement for long after hitting a new all time high earlier this year, so I think they’re now over and the bulls have now taken over control of that.
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However, the price of Bitcoin keep going stronger by the day and despite this negative speculation, many school of thoughts, think Bitcoin is hitting $100k by November or December even Michael Saylor believe that Bitcoin will not retrace back to $60k. Mr Michael Saylor even thinks that Donald Trump win, settles the future of crypto in the near terms. what do you think?
It will depend on how we understand what he's saying.
Bitcoin hitting $100k this year might happen TBH just by looking at how it moved in the past few weeks. Now for the $60K part, it will depend. Bitcoin retracing back to $60,000 during the bull run obviously will not gonna happen, but when we enter the bear market, Bitcoin will retract back to as low as $60,000 or even lower. I predict that during the bear market season, Bitcoin will retrace to as low as $40,000 a piece.
Saylor is a Bitcoin maximalist; hence, he's making some absurd predictions. At the end of the day, his prediction will have the same chances as we average people's prediction is. 50-50 :D
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That's right, the man became completely addicted to BTC and bought another 50 000+ BTC for $4.6 billion. The only thing that is strange about Saylor and BTC is that the price almost never reacts when he announces that he has made a new investment.
Markets stop reacting to things that happen too often and are not going against a trend, the opposite of it would be quite a shake-up.
No major announcement from MSTR would move the markets as it's perceived more like the same, we're past the twitter stage and from now forward I doubt that anything that is not macro level would trigger a sudden change anymore.
Besides, just as how the markets won't react to a 10k dump, why would they move more than a few percent on a billion buy against 1.8 trillion marketcap?
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Not about Saylor here, but i feel the chances of falling down to $60k is slim to none, the chances of BTC price rising is far higher than that of it falling. We would surely see corrections before we get to $100k, but it should be small corrections. Probably when the bear market starts, we can now talk of this kind of retrace.
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~snip~
Besides, just as how the markets won't react to a 10k dump, why would they move more than a few percent on a billion buy against 1.8 trillion marketcap?
I guess you're right - Saylor isn't the Mr.Donald or Mr.Mars that people know about - at least not outside the US. Some time ago, I had the opportunity to hear some mostly educated people talking about BTC, and the question arose "who invests in it at all, except for some guys who want to launder money and similar things?" I mentioned Saylor and his company, and no one had ever heard of him.
$4.6 billion is still an amount that should have some impact, but apparently it's not the money that matters, it's the person/company who invested.
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Many people will always come up with some speculative ideas that may cause panic on the market for theirs personally advantage. However, the price of Bitcoin keep going stronger by the day and despite this negative speculation, many school of thoughts, think Bitcoin is hitting $100k by November or December even Michael Saylor believe that Bitcoin will not retrace back to $60k. Mr Michael Saylor even thinks that Donald Trump win, settles the future of crypto in the near terms. what do you think?
Well, everyone has the right to share personal views on the market in the present and the future, Saylor has the same right, but what Saylor shared is not the truth right now. Everything is in the future and it may or may not happen, we should be satisfied with this lack of clarity instead of demanding a high degree of accuracy for personal statements.
I myself also believe that Trump win is a great opportunity for crypto to develop and have a stable legal status in the US. It is also an opportunity for Trump to be remembered in history as a president who has made great contributions to the US economy through the strategy of accepting and accumulating BTC. I believe that BTC price will continue to increase and will reach $150K-170K in this cycle but there is no basis to conclude that BTC will never return to the $60K zone.
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Many people will always come up with some speculative ideas that may cause panic on the market for theirs personally advantage. However, the price of Bitcoin keep going stronger by the day and despite this negative speculation, many school of thoughts, think Bitcoin is hitting $100k by November or December even Michael Saylor believe that Bitcoin will not retrace back to $60k. Mr Michael Saylor even thinks that Donald Trump win, settles the future of crypto in the near terms. what do you think?
Please take look at the details here: https://cointelegraph.com/magazine/bitcoin-price-thanksgiving-trader-btc-etf-options-cftc-hodlers-digest/
What will happen to Bitcoin's price in 2025 will largely depend on several factors, and one of those factors will be how Trump would handle the numerous crypto promises he made during his campaign. I am very much eager to see how Trump intends balancing bitcoin adoption and the US Dollar without weakening the Dollar.
If Trump makes unclear policies that end up generating economic uncertainties, bitcoin's price will be very volatile, very volatile that we can't really tell what price to expect. But why we wait for Trump to assume office and begin work officially, we should enjoy this Current price while it lasts and hope for the best.
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I am very much eager to see how Trump intends balancing bitcoin adoption and the US Dollar without weakening the Dollar.
If you mean the plan of a BTC strategic reserve, doing so cannot affect the dollar, the U.S. will simply hold BTC as they have been holding gold, that's it. I don't think there is any way BTC can weaken the U.S. dollar, let us not get carried away, there is not much a centralized government can do for a decentralized network like BTC.
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about the retrace to $60k, let's wait for the bear run to decide it, Bitcoin has great potentials to hit greater heights especially now that Trump has been elected president of the United States, we hope to see bitcoin hit $150k or more after his installation into office. I'm very positive on bitcoin and I sincerely hope Trump delivers on the promise made to the bitcoin community that saw him have their full support in the just concluded election. The bitcoin community has supported him get into the office, I believe he would return the favour and that would mean a big plus for bitcoin
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Many people will always come up with some speculative ideas that may cause panic on the market for theirs personally advantage. However, the price of Bitcoin keep going stronger by the day and despite this negative speculation, many school of thoughts, think Bitcoin is hitting $100k by November or December even Michael Saylor believe that Bitcoin will not retrace back to $60k. Mr Michael Saylor even thinks that Donald Trump win, settles the future of crypto in the near terms. what do you think?
I agree that one bad news can bring the price down because of the volatility and speculative nature of Bitcoin, so while we are rejoicing that the price of Bitcoin continues to pump, we must still be aware that anything can happen here in a speculative market. it happened to me before I slept on it and the price has a huge dump, causing me to cut my losses.
I'm not saying you should not sleep on it. but do check the news before going to sleep, and of course, there is a part that you're going to HODL because Bitcoin will always come back stronger.
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about the retrace to $60k, let's wait for the bear run to decide it, Bitcoin has great potentials to hit greater heights especially now that Trump has been elected president of the United States, we hope to see bitcoin hit $150k or more after his installation into office. I'm very positive on bitcoin and I sincerely hope Trump delivers on the promise made to the bitcoin community that saw him have their full support in the just concluded election. The bitcoin community has supported him get into the office, I believe he would return the favour and that would mean a big plus for bitcoin
It's not like people doubt about retracement to $60k, it's possible but nobody knows how certain it's going to be because right now, the nobody knows what the new government from united state will say and we have to wait until January and see the plans they have in this space. If the plans are going to favour Bitcoin, then Bitcoin dumping will reduce and 60k may be hard.
You know what it means for Bitcoin to be as part of reserve in the US, that's a big flex for Bitcoin that every country will want to hold Bitcoin from now on. Bitcoin will remain bullish because of that alone.
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In the time I've spent here, I realised that people like to exaggerate a lot, when the price is doing well, it's utopia, and when we get some retracements, it's dooms day, and "the end of crypto as we know it"
There's a lot of excitement now, which is understandable because of the price action of BTC, but I think it's important that we don't too excited and understand that a retracement would eventually happen because that's how the market works.
I just hope when it does happen, people don't start spreading doomsday news, like history have shown that they always do.
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Many people will always come up with some speculative ideas that may cause panic on the market for theirs personally advantage. However, the price of Bitcoin keep going stronger by the day and despite this negative speculation, many school of thoughts, think Bitcoin is hitting $100k by November or December even Michael Saylor believe that Bitcoin will not retrace back to $60k. Mr Michael Saylor even thinks that Donald Trump win, settles the future of crypto in the near terms. what do you think?
If Bitcoin grows to 100k and above, I will personally be happy and will be happy to see his dreams come true but there is this thing we call risk management, I'm not sure if he is doing that at this stage. There is opium in the market right now and it's good to be on the good side atleast he is trying to pump his bags but the market don't need your opinion to sell.
He has been pumping money recently and it scared me, don't know where that money is coming but his MSTR has run up recently. Whatever he is selling to buy Bitcoin, I really hope he doesn't get in hot soup.
First, you just have to be happen at this moment because Bitcoin is has blast past $100k, me too, I have been so excited seeing this comet o pass.
Now, concerning Micheal Saylor source of fund he uses to buying Bitcoin, you don't have to border yourself about where his money is coming from, remember that he has a company, named Microstrategy, he can rase funds through the company and other sources.
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Bitcoin is hitting $100k by November or December even Michael Saylor believe that Bitcoin will not retrace back to $60k. Mr Michael Saylor even thinks that Donald Trump win, settles the future of crypto in the near terms. what do you think?
Well, the $100,000 prediction by him happened, but Bitcoin not retracing back to $60,000 is something that I don't think is possible.
I looked at the price movement of Bitcoin during the last bull run until its lowest price during the bear market at around 2021-2022, and Bitcoin went down to as low as 77% on that time frame. Assuming that we will experience the same amount of percentage drop when the bear market happens, we will see Bitcoin to as low as $30,000. Of course it might not happen for some reasons, but I don't think that Bitcoin will not reach $60,000 especially when we enter the bear market.
Obviously, Saylor is saying positive things about Bitcoin hoping that the price goes up and if the price of Bitcoin goes up, so does his company.
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Well, the $100,000 prediction by him happened, but Bitcoin not retracing back to $60,000 is something that I don't think is possible.
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Obviously, Saylor is saying positive things about Bitcoin hoping that the price goes up and if the price of Bitcoin goes up, so does his company.
good catch i have always taken what he said about not retracing back to $60k as part of this bull cycle ive always thought that maybe he meant that it will correct itself but it will not go down that low at least until next year but if he actually meant that bitcoin will not go back to that price for the bear market then he is spreading false hope around and many people are believing it and those who cant be bothered to study and learn about bitcoin will get disappointed and frustrated if they see bitcoin reach low prices once the bear cycle starts
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Well, the $100,000 prediction by him happened, but Bitcoin not retracing back to $60,000 is something that I don't think is possible.
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Obviously, Saylor is saying positive things about Bitcoin hoping that the price goes up and if the price of Bitcoin goes up, so does his company.
good catch i have always taken what he said about not retracing back to $60k as part of this bull cycle ive always thought that maybe he meant that it will correct itself but it will not go down that low at least until next year but if he actually meant that bitcoin will not go back to that price for the bear market then he is spreading false hope around and many people are believing it and those who cant be bothered to study and learn about bitcoin will get disappointed and frustrated if they see bitcoin reach low prices once the bear cycle starts
And it could really depends on how big Bitcoin will be in this bull run. But if we look at the historical logs, Bitcoin last all time high in 2021 was $69k, and then in the bear market, we have touch $15,500 as the lowest low.
So it's more than 60% decreased in price. So if we go by that numbers if Bitcoin hits $200k, then there is a possibility that we might seen $60k again but it is will be in the next bear market.
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We may not go back to that for now, but there is no certainty that after the bullrun season we won't revisit below $60,000 and we should be getting ready for this anytime from next year, the market or more volatile now, bitcoin go bearish now to $98,000 and before tomorrow you can also discover it getting to another new heights, this retracement may not come in the way we expect and this may occur at anytime next year.
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Many people will always come up with some speculative ideas that may cause panic on the market for theirs personally advantage. However, the price of Bitcoin keep going stronger by the day and despite this negative speculation, many school of thoughts, think Bitcoin is hitting $100k by November or December even Michael Saylor believe that Bitcoin will not retrace back to $60k. Mr Michael Saylor even thinks that Donald Trump win, settles the future of crypto in the near terms. what do you think?
I am from future and I can asure Saylor was telling truth haha just kidding I know BTC has already touched $108k even and it was all due to the bullish sentiments developed by the adoption of crypto in USA. I also don't think that now BTC can even touch $70k if take a big dip.
Although many now was thinking any hard dip can take BTC back to $88k and I was also expecting the same but fortunately I realize the demand and bullish sentiments and took entries in alts (and booked profit partial profit from BTC).
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We may not go back to that for now, but there is no certainty that after the bullrun season we won't revisit below $60,000 and we should be getting ready for this anytime from next year, the market or more volatile now, bitcoin go bearish now to $98,000 and before tomorrow you can also discover it getting to another new heights, this retracement may not come in the way we expect and this may occur at anytime next year.
What do you expect from him, he has billions of investment on Bitcoin, he can never say bad things about Bitcoin, he can only say good things just to assure the market about the good things about Bitcoin market so they don't sell. Do you even know how kyc money he is going to be liquidated if Bitcoin was to come back to $60k, it's going to be huge.
Bitcoin is speculative assets and as long as speculations is always about good things, we will.see Bitcoin go up and continuously but if it's bad, Bitcoin market will be bad as well and hopefully it doesn't get rosted by politicians.
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Well, the $100,000 prediction by him happened, but Bitcoin not retracing back to $60,000 is something that I don't think is possible.
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Obviously, Saylor is saying positive things about Bitcoin hoping that the price goes up and if the price of Bitcoin goes up, so does his company.
good catch i have always taken what he said about not retracing back to $60k as part of this bull cycle ive always thought that maybe he meant that it will correct itself but it will not go down that low at least until next year but if he actually meant that bitcoin will not go back to that price for the bear market then he is spreading false hope around and many people are believing it and those who cant be bothered to study and learn about bitcoin will get disappointed and frustrated if they see bitcoin reach low prices once the bear cycle starts
And it could really depends on how big Bitcoin will be in this bull run. But if we look at the historical logs, Bitcoin last all time high in 2021 was $69k, and then in the bear market, we have touch $15,500 as the lowest low.
So it's more than 60% decreased in price. So if we go by that numbers if Bitcoin hits $200k, then there is a possibility that we might seen $60k again but it is will be in the next bear market.
I like your calculation, but one thing is lacking in your calculation economically. In 2021, Bitcoin actually hit All Time High at $69k and retraced to $15k level, however the market sentiments, demand/supply rates, adoptions, awareness, etc as at 2021 is not the same with 2024 bull run. Infacts, the current market sentiments has been bullish over 3 months, this was not the case in 2021. I think we are currently experiencing the longest bull run in the history of crypto, and longest bear run was in 2018, I may be wrong.
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Well, the $100,000 prediction by him happened, but Bitcoin not retracing back to $60,000 is something that I don't think is possible.
...
Obviously, Saylor is saying positive things about Bitcoin hoping that the price goes up and if the price of Bitcoin goes up, so does his company.
good catch i have always taken what he said about not retracing back to $60k as part of this bull cycle ive always thought that maybe he meant that it will correct itself but it will not go down that low at least until next year but if he actually meant that bitcoin will not go back to that price for the bear market then he is spreading false hope around and many people are believing it and those who cant be bothered to study and learn about bitcoin will get disappointed and frustrated if they see bitcoin reach low prices once the bear cycle starts
And it could really depends on how big Bitcoin will be in this bull run. But if we look at the historical logs, Bitcoin last all time high in 2021 was $69k, and then in the bear market, we have touch $15,500 as the lowest low.
So it's more than 60% decreased in price. So if we go by that numbers if Bitcoin hits $200k, then there is a possibility that we might seen $60k again but it is will be in the next bear market.
I like your calculation, but one thing is lacking in your calculation economically. In 2021, Bitcoin actually hit All Time High at $69k and retraced to $15k level, however the market sentiments, demand/supply rates, adoptions, awareness, etc as at 2021 is not the same with 2024 bull run. Infacts, the current market sentiments has been bullish over 3 months, this was not the case in 2021. I think we are currently experiencing the longest bull run in the history of crypto, and longest bear run was in 2018, I may be wrong.
Yeah, but then again as you have said, we are not that bullish that time and yet we have a new all time high close to $70k? As compare to 2025 wherein there is a big hype surrounding Trump winning the election.
So with that, the future looks bright in 2025 and it could be the biggest. Right now though we have a correction, but that's just part of the market. So that there will be more players to come in and pushes the price higher before the end of the year.
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Well, the $100,000 prediction by him happened, but Bitcoin not retracing back to $60,000 is something that I don't think is possible.
...
Obviously, Saylor is saying positive things about Bitcoin hoping that the price goes up and if the price of Bitcoin goes up, so does his company.
good catch i have always taken what he said about not retracing back to $60k as part of this bull cycle ive always thought that maybe he meant that it will correct itself but it will not go down that low at least until next year but if he actually meant that bitcoin will not go back to that price for the bear market then he is spreading false hope around and many people are believing it and those who cant be bothered to study and learn about bitcoin will get disappointed and frustrated if they see bitcoin reach low prices once the bear cycle starts
And it could really depends on how big Bitcoin will be in this bull run. But if we look at the historical logs, Bitcoin last all time high in 2021 was $69k, and then in the bear market, we have touch $15,500 as the lowest low.
So it's more than 60% decreased in price. So if we go by that numbers if Bitcoin hits $200k, then there is a possibility that we might seen $60k again but it is will be in the next bear market.
I like your calculation, but one thing is lacking in your calculation economically. In 2021, Bitcoin actually hit All Time High at $69k and retraced to $15k level, however the market sentiments, demand/supply rates, adoptions, awareness, etc as at 2021 is not the same with 2024 bull run. Infacts, the current market sentiments has been bullish over 3 months, this was not the case in 2021. I think we are currently experiencing the longest bull run in the history of crypto, and longest bear run was in 2018, I may be wrong.
I don't think we'll see btc at 70k before another ath due from what I can see on the charts. But I believe 87k is probable .
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We may not go back to that for now, but there is no certainty that after the bullrun season we won't revisit below $60,000 and we should be getting ready for this anytime from next year, the market or more volatile now,
The bear market is surely going to come and a lot of people are curious of how low BTC can go, what the value would be when the bear market comes. I feel we would not go lower than $60k though, but that is just my own intuition, i can turn out to be wrong when the time comes, however, i feel how low we will go will depend on how high we go at the peak of the cycle.
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We may not go back to that for now, but there is no certainty that after the bullrun season we won't revisit below $60,000 and we should be getting ready for this anytime from next year, the market or more volatile now,
The bear market is surely going to come and a lot of people are curious of how low BTC can go,
i am actually not curious if it were up to me i would not want to experience the bear cycle at all and i would prefer if the market stayed consistently high all throughout but that is not going to happen
I feel we would not go lower than $60k though, but that is just my own intuition, i can turn out to be wrong when the time comes, however, i feel how low we will go will depend on how high we go at the peak of the cycle.
i do think we have reached a point where the market gets extremely unpredictable and even past prices cant be used to accurately predict the next price but from the past bitcoin can go from $60k to $18k (https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp) of course not over the course of just a few months but still it shows that we can't be too sure
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i am actually not curious if it were up to me i would not want to experience the bear cycle at all and i would prefer if the market stayed consistently high all throughout but that is not going to happen
I believe if it were up to us, every bitcoiner would want the same thing, only bull markets, lol, no bears, no sideways, just keep pumping, but we know that would not happen. You are right when you say it is hard to predict how low we'll go when the bear market comes, but with the kind of adoption we may experience next year, a huge fall in price may not happen.
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i am actually not curious if it were up to me i would not want to experience the bear cycle at all and i would prefer if the market stayed consistently high all throughout but that is not going to happen
I believe if it were up to us, every bitcoiner would want the same thing, only bull markets, lol, no bears, no sideways, just keep pumping, but we know that would not happen. You are right when you say it is hard to predict how low we'll go when the bear market comes, but with the kind of adoption we may experience next year, a huge fall in price may not happen.
Right, but in the real world it's not going to happen, even at bull cycle, we will see some ups and downs and it's going to be very volatile. Now I have seen predictions that this months is going to be crucial, like it's a make or break and that the price can go as low as $87k.
But they forget that Trump will sit at the 20th and everything will change after that. The FOMO is still very high of Trump winning the US election and so when he sits officially, there will be another big pump I reckon.
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I dont see it going back to 60k until we hit yolo alt season with altcoins doing 10x pumps