Is Bitcoin Too Expensive For Me?

[alltalk]

Bitcoin hit All Time High of $69k in 2021 and in 2022, the price became one of the best bearish in the market of $15k and presently it is running to $100k and everyone in the forum knows that this year is a foe the bull run so we are still on it but we don't know what will happen in next year. Because in the previous analysis, after the Bull run annd the All Time High then the following year the price comes down but I don't think bitcoin price will come down to $20k again. Some people are even saying that it is $60k that will be the last bear market the price will hit in the next bear market.

Agree. It seems impossible that Bitcoin to drop below $20k again. It is too far from the current price, we are already at $99k as the highest price today. I'm sure the price of Bitcoin price in the next bearish season will be around $30k - $40k. Even it can be lower, it won't be below $25k. If Trump really keeps his promises to crypto world, I'm sure crypto industry will survive well. And it also triggers the price of crypto coins to be in good values.

DWYOR

[rizqillah]

Bitcoin hit All Time High of $69k in 2021 and in 2022, the price became one of the best bearish in the market of $15k and presently it is running to $100k and everyone in the forum knows that this year is a foe the bull run so we are still on it but we don't know what will happen in next year. Because in the previous analysis, after the Bull run annd the All Time High then the following year the price comes down but I don't think bitcoin price will come down to $20k again. Some people are even saying that it is $60k that will be the last bear market the price will hit in the next bear market.

Agree. It seems impossible that Bitcoin to drop below $20k again. It is too far from the current price, we are already at $99k as the highest price today. I'm sure the price of Bitcoin price in the next bearish season will be around $30k - $40k. Even it can be lower, it won't be below $25k. If Trump really keeps his promises to crypto world, I'm sure crypto industry will survive well. And it also triggers the price of crypto coins to be in good values.

DWYOR

I agree with you it seems like bitcoin price will be around $30K-$40K during bearish season or maybe more than $50K during bearish season because we don't know what steps and policies trump will take according to his promise to support bitcoin and make the US a bitcoin center. If the policies taken by trump are good for bitcoin and crypto, of course bitcoin price will remain high even though it's bearish season.

[pieppiep]

Bitcoin hit All Time High of $69k in 2021 and in 2022, the price became one of the best bearish in the market of $15k and presently it is running to $100k and everyone in the forum knows that this year is a foe the bull run so we are still on it but we don't know what will happen in next year. Because in the previous analysis, after the Bull run annd the All Time High then the following year the price comes down but I don't think bitcoin price will come down to $20k again. Some people are even saying that it is $60k that will be the last bear market the price will hit in the next bear market.

Agree. It seems impossible that Bitcoin to drop below $20k again. It is too far from the current price, we are already at $99k as the highest price today. I'm sure the price of Bitcoin price in the next bearish season will be around $30k - $40k. Even it can be lower, it won't be below $25k. If Trump really keeps his promises to crypto world, I'm sure crypto industry will survive well. And it also triggers the price of crypto coins to be in good values.

DWYOR

I agree with you it seems like bitcoin price will be around $30K-$40K during bearish season or maybe more than $50K during bearish season because we don't know what steps and policies trump will take according to his promise to support bitcoin and make the US a bitcoin center. If the policies taken by trump are good for bitcoin and crypto, of course bitcoin price will remain high even though it's bearish season.

Though it is still possible to observe many things that influence bitcoin price fluctuations in a bearish period, it also includes decisions made by presidents. It is necessary to track how these policies unroll on the practical level, whether they are capable to produce systemic conditions for the further development or whether they can only produce a short-term positive trends that stimulate the demand at the micro level. No measure of the market can ever be certain, but this also gives the chance to create a more mature strategy.

If policies foster the use of blockchain and crypto technology, then the market can gain confidence in bitcoins, come rain or sunshine. We can make the best use out of this opportunity by exercising our rationality to go on making proper investment strategies while not ignoring related global occurrences. The first thing that should be done is ensuring we strike the balance between being overly optimistic and overly analytical to ensure that we grasp any opportunity that presents itself.

[Bobcrypto]

Bitcoin hit All Time High of $69k in 2021 and in 2022, the price became one of the best bearish in the market of $15k and presently it is running to $100k and everyone in the forum knows that this year is a foe the bull run so we are still on it but we don't know what will happen in next year. Because in the previous analysis, after the Bull run annd the All Time High then the following year the price comes down but I don't think bitcoin price will come down to $20k again. Some people are even saying that it is $60k that will be the last bear market the price will hit in the next bear market.

Agree. It seems impossible that Bitcoin to drop below $20k again. It is too far from the current price, we are already at $99k as the highest price today. I'm sure the price of Bitcoin price in the next bearish season will be around $30k - $40k. Even it can be lower, it won't be below $25k. If Trump really keeps his promises to crypto world, I'm sure crypto industry will survive well. And it also triggers the price of crypto coins to be in good values.

DWYOR

Mate, I don't think your assurance that Bitcoin will go down to between $40k to $30k is going to happen in the next bear circle. First of all, we may experience a very long bull run with an expected price to hitting $130k towards the end of 2025.
Obviously, after a huge bull run, like what we are experiencing, it is mostly likely that Bitcoin price may not pull back to below $56k even at the worst bearish market situation because the awareness, interest, adoptions are growing higher, and this factors will push the demands to a Higher levels.

[Mate2237]

Mate, I don't think your assurance that Bitcoin will go down to between $40k to $30k is going to happen in the next bear circle. First of all, we may experience a very long bull run with an expected price to hitting $130k towards the end of 2025.
Obviously, after a huge bull run, like what we are experiencing, it is mostly likely that Bitcoin price may not pull back to below $56k even at the worst bearish market situation because the awareness, interest, adoptions are growing higher, and this factors will push the demands to a Higher levels.

Did you think that bitcoin would hit $99+ this month? Even though not is a imagination to hit $30k-$40k in the next bear market, let's wait and see what will happen. Bitcoin will rise up in next year because when Trump has taken over the leadership of America government and if the economic policies are favourable and many cryptocurrency companies bounce back again and new once emerge then the price will increase because the adoption will be high.

Though I don't know the particular price the bear market will be but that is my prediction and you can also predict yours. If bitcoin price was $15k in the previous bear market then it will be between what I said in this comment.

[doc]

Mate, I don't think your assurance that Bitcoin will go down to between $40k to $30k is going to happen in the next bear circle. First of all, we may experience a very long bull run with an expected price to hitting $130k towards the end of 2025.
Obviously, after a huge bull run, like what we are experiencing, it is mostly likely that Bitcoin price may not pull back to below $56k even at the worst bearish market situation because the awareness, interest, adoptions are growing higher, and this factors will push the demands to a Higher levels.

Did you think that bitcoin would hit $99+ this month? Even though not is a imagination to hit $30k-$40k in the next bear market, let's wait and see what will happen. Bitcoin will rise up in next year because when Trump has taken over the leadership of America government and if the economic policies are favourable and many cryptocurrency companies bounce back again and new once emerge then the price will increase because the adoption will be high.

Though I don't know the particular price the bear market will be but that is my prediction and you can also predict yours. If bitcoin price was $15k in the previous bear market then it will be between what I said in this comment.

Bitcoin has reached $99,655 you can check it on CMC. so i think bitcoin price will reach $100K soon, probably next week. and after trump inauguration as US president in January next year bitcoin price will likely soar because many investors will start entering crypto market and buying bitcoin, maybe market concentration will be on bitcoin and altcoin will soon follow.

[enwi]

Mate, I don't think your assurance that Bitcoin will go down to between $40k to $30k is going to happen in the next bear circle. First of all, we may experience a very long bull run with an expected price to hitting $130k towards the end of 2025.
Obviously, after a huge bull run, like what we are experiencing, it is mostly likely that Bitcoin price may not pull back to below $56k even at the worst bearish market situation because the awareness, interest, adoptions are growing higher, and this factors will push the demands to a Higher levels.

Did you think that bitcoin would hit $99+ this month? Even though not is a imagination to hit $30k-$40k in the next bear market, let's wait and see what will happen. Bitcoin will rise up in next year because when Trump has taken over the leadership of America government and if the economic policies are favourable and many cryptocurrency companies bounce back again and new once emerge then the price will increase because the adoption will be high.

Though I don't know the particular price the bear market will be but that is my prediction and you can also predict yours. If bitcoin price was $15k in the previous bear market then it will be between what I said in this comment.

It is definitely very hard to predict accurately Bitcoin movement predictions, when there are so many external factors that will uniquely affect the price. If adoption spreads and economic policies are reigned in to help the transition to blockchain technology then we stand to witness and reap some of these benefits.

There’s no one to tell exactly what bitcoin’s price will be, though estimating a range of possible prices according to old trends is something you want to do anyway. Therefore a bear market will not occur until bad news ceases to be intentionally published which requires very big news to trigger this.

[UNIVERSE]

Bitcoin prices during the 2022 bearish season are still cheap, but if we don't have free funds to buy at that time and hold them until now, it will be difficult for us to do so. because holding more than 2 years is a natural time where we will have living needs that must be met if we don't have free funds to invest in crypto, of course our investment will be disrupted.

Indeed. In 2022-2023, Bitcoin price was cheap enough. It is just strange if people just realize to buy now. They should buy at that time, during 2022-2023. If they bought Bitcoin as many as possible in 2022-2023, they will take profits now. Your are right, we only need to hold around 2-3 years. However, it is a must to use safe money for Bitcoin investment. We don't use loan money although we bought Bitcoin at cheap prices.

[smartaction]

Mate, I don't think your assurance that Bitcoin will go down to between $40k to $30k is going to happen in the next bear circle. First of all, we may experience a very long bull run with an expected price to hitting $130k towards the end of 2025.
Obviously, after a huge bull run, like what we are experiencing, it is mostly likely that Bitcoin price may not pull back to below $56k even at the worst bearish market situation because the awareness, interest, adoptions are growing higher, and this factors will push the demands to a Higher levels.

If the Bitcoin market starts dumping, I don't know if it will drop below $60k, but hopefully it won't drop below $60k. Those who have invested in Bitcoin are waiting to sell their Bitcoins. I think we must invest for a long time to make a profit from Bitcoin. But sometimes you have to be under a lot of tension after investing and making a wrong decision. So I think you can't do anything wrong that makes you feel under tension after investing.

[Rubel007]

Bitcoin prices during the 2022 bearish season are still cheap, but if we don't have free funds to buy at that time and hold them until now, it will be difficult for us to do so. because holding more than 2 years is a natural time where we will have living needs that must be met if we don't have free funds to invest in crypto, of course our investment will be disrupted.

Indeed. In 2022-2023, Bitcoin price was cheap enough. It is just strange if people just realize to buy now. They should buy at that time, during 2022-2023. If they bought Bitcoin as many as possible in 2022-2023, they will take profits now. Your are right, we only need to hold around 2-3 years. However, it is a must to use safe money for Bitcoin investment. We don't use loan money although we bought Bitcoin at cheap prices.

There are many people who had the opportunity to buy Bitcoin at a low price in 2018 but they did not buy Bitcoin at that time. They did not buy it even in 2022 and 2023. Today, in 2024, the price of Bitcoin is close to 100k. If they do not buy it yet, then in the future they will have to try to buy Bitcoin at 1 million. And at that time, many investors will not be able to buy Bitcoin as expected even if they try. As expensive as Bitcoin seems today, tomorrow this price will continue to increase. So the decision should be taken as early as possible.

[yohananaomi]

Mate, I don't think your assurance that Bitcoin will go down to between $40k to $30k is going to happen in the next bear circle. First of all, we may experience a very long bull run with an expected price to hitting $130k towards the end of 2025.
Obviously, after a huge bull run, like what we are experiencing, it is mostly likely that Bitcoin price may not pull back to below $56k even at the worst bearish market situation because the awareness, interest, adoptions are growing higher, and this factors will push the demands to a Higher levels.

Did you think that bitcoin would hit $99+ this month? Even though not is a imagination to hit $30k-$40k in the next bear market, let's wait and see what will happen. Bitcoin will rise up in next year because when Trump has taken over the leadership of America government and if the economic policies are favourable and many cryptocurrency companies bounce back again and new once emerge then the price will increase because the adoption will be high.

Though I don't know the particular price the bear market will be but that is my prediction and you can also predict yours. If bitcoin price was $15k in the previous bear market then it will be between what I said in this comment.

Bitcoin has reached $99,655 you can check it on CMC. so i think bitcoin price will reach $100K soon, probably next week. and after trump inauguration as US president in January next year bitcoin price will likely soar because many investors will start entering crypto market and buying bitcoin, maybe market concentration will be on bitcoin and altcoin will soon follow.

CoinGecko :


Right, it's just a matter of time before bitcoin will surpass $100K. Currently the momentum is there, and we can't avoid that the influence of DT is very much felt, and I think next year it will continue to increase and will reach ATH which may be beyond everyone's expectations so far.
Because there are many speculations that the price will be able to reach $150K, of course there are those who hope for that or there are other speculations. At a time like this, of course, everyone will be able to say that.

[milewilda]

Mate, I don't think your assurance that Bitcoin will go down to between $40k to $30k is going to happen in the next bear circle. First of all, we may experience a very long bull run with an expected price to hitting $130k towards the end of 2025.
Obviously, after a huge bull run, like what we are experiencing, it is mostly likely that Bitcoin price may not pull back to below $56k even at the worst bearish market situation because the awareness, interest, adoptions are growing higher, and this factors will push the demands to a Higher levels.

If the Bitcoin market starts dumping, I don't know if it will drop below $60k, but hopefully it won't drop below $60k. Those who have invested in Bitcoin are waiting to sell their Bitcoins. I think we must invest for a long time to make a profit from Bitcoin. But sometimes you have to be under a lot of tension after investing and making a wrong decision. So I think you can't do anything wrong that makes you feel under tension after investing.

No one knows on how it would really be that deep whenever the market would really be having its correction, we do know that if there is some bullish rally then in exchange there would really be that a bearish condition or situation too on which it will really be just that typical or usual when we do speak about market on which it does have that its up and down. In speaking about Bitcoin on being expensive for you then bare in mind that its not really that necessary for you to buy up a whole coin on which you could be able to do it on parts or fractions. We do know that each
individual will really be that totally different when it comes to financial capability and thats why purchasing will really be that basing up into that.

[UNIVERSE]

There are many people who had the opportunity to buy Bitcoin at a low price in 2018 but they did not buy Bitcoin at that time. They did not buy it even in 2022 and 2023. Today, in 2024, the price of Bitcoin is close to 100k. If they do not buy it yet, then in the future they will have to try to buy Bitcoin at 1 million. And at that time, many investors will not be able to buy Bitcoin as expected even if they try. As expensive as Bitcoin seems today, tomorrow this price will continue to increase. So the decision should be taken as early as possible.

People may be not confident to buy Bitcoin at that time. The price of Bitcoin was still rather cheap, there was no country that made it as a legal tender. There were many bad issues about Bitcoin, it was also predicted to not last a long time. So, people became afraid to buy Bitcoin, they prefer to buy other assets. In 2022-2023, Bitcoin was below $30k, it even was below $20k. But people also still didn't have no courage to buy Bitcoin. People just feel confident to buy when it reached its ATH again in Q1 of this year. Well, this is the nature of human, they often feel afraid. 

[lombok]

No one knows on how it would really be that deep whenever the market would really be having its correction, we do know that if there is some bullish rally then in exchange there would really be that a bearish condition or situation too on which it will really be just that typical or usual when we do speak about market on which it does have that its up and down. In speaking about Bitcoin on being expensive for you then bare in mind that its not really that necessary for you to buy up a whole coin on which you could be able to do it on parts or fractions. We do know that each
individual will really be that totally different when it comes to financial capability and thats why purchasing will really be that basing up into that.

Those large movements in the price of the asset are inherent to the market and it lets us to gain practical experience in giving signals. The ownership of at least a slice of the Bitcoin is a good idea when it comes to investment allowing everyone to invest without feeling like they are being burdened with it. The main thing is to ensure that all the decisions taken by an organisation are given adequate attention and follow the financial plan.

People may be not confident to buy Bitcoin at that time. The price of Bitcoin was still rather cheap, there was no country that made it as a legal tender. There were many bad issues about Bitcoin, it was also predicted to not last a long time. So, people became afraid to buy Bitcoin, they prefer to buy other assets. In 2022-2023, Bitcoin was below $30k, it even was below $20k. But people also still didn't have no courage to buy Bitcoin. People just feel confident to buy when it reached its ATH again in Q1 of this year. Well, this is the nature of human, they often feel afraid. 

Skepticism is always a major factor of lack of action in investment system whenever there is no apparent chance to get a great investment. However, practise demonstrates that it is possible to act when conditions are not too dense, and this will turn out to be even more effective. This is a reasonable approach because it means taking advantage of low price levels to start investing, yet, we do it with much thought. While the attempt to pursue an opportunity is going hand in hand with the management of its risks, the next issue results in the belief in its potential as the way to cope with uncertainty at all.

[JISAN]

If the Bitcoin market starts dumping, I don't know if it will drop below $60k, but hopefully it won't drop below $60k. Those who have invested in Bitcoin are waiting to sell their Bitcoins. I think we must invest for a long time to make a profit from Bitcoin. But sometimes you have to be under a lot of tension after investing and making a wrong decision. So I think you can't do anything wrong that makes you feel under tension after investing.

We cannot say for sure which way the market will go if dumping occurs, but we can have an idea that it could be like this, as you and many others have different ideas.

Bitcoin is an excellent long-term investment. If you invest for the long term, then Bitcoin is the best coin to invest in. If you maintain DCA to invest in Bitcoin, then you do not need to look at which direction the market has moved for your investment.

On the other hand, if the market condition is better, those who have invested in Bitcoin for a short time and are waiting for a good market have planned to sell it. If the Bitcoin market is in good enough condition and cannot wait a few days, it would be better to sell it now. Now, if someone wants to invest again for a short time, I would tell them that since the price of Bitcoin is very high and there is market instability, it would be better to be patient and invest when the market stabilizes.