What is the importance of price in Bitcoin?

[Sim_card]

Nice caption... Don't be discouraged that the price of Bitcoin has become too high for you to buy one, just be aware that the price will keep growing up to unexpected amount and it remains volatile.
Hence... It is not a must you must buy one but coin but can always buy what amount as fraction of it which you can afford and then hold it. Your assets would still come to surge hugely as profits for you.

The volatile nature of bitcoin is what makes the prive movement of bitcoin to act the way we are seeing it but the fact is that bitcoin price increases overtime and when there's a dip in price, it is an opportunity for those who are prepared for it to buy cheaper. The asymmetric of bitcoin price going up is higher than goin down so don't wait but keep on accumulating more bitcoin.

[bayu7adi]

The volatile nature of bitcoin is what makes the prive movement of bitcoin to act the way we are seeing it but the fact is that bitcoin price increases overtime and when there's a dip in price, it is an opportunity for those who are prepared for it to buy cheaper. The asymmetric of bitcoin price going up is higher than goin down so don't wait but keep on accumulating more bitcoin.

Some people call it DCA... optimistically accumulating even though the price is like a roller coaster... but what is certain is the belief of many people in Bitcoin that one day the price of Bitcoin will rise to provide a profit even though the average purchase price is relatively high... for me, only Bitcoin can be relied on to be a good long-term asset in the cryptocurrency space... moreover, there are also many big investors who are interested in the movement of Bitcoin which they do not really understand the world of cryptocurrency.

Seeing its performance every year which is improving, this is a good opportunity for long-term holders... so I still recommend it for anyone who wants to accumulate Bitcoin regularly for the sake of the future.

[luckyledger]

The volatile nature of bitcoin is what makes the prive movement of bitcoin to act the way we are seeing it but the fact is that bitcoin price increases overtime and when there's a dip in price, it is an opportunity for those who are prepared for it to buy cheaper. The asymmetric of bitcoin price going up is higher than goin down so don't wait but keep on accumulating more bitcoin.

Some people call it DCA... optimistically accumulating even though the price is like a roller coaster... but what is certain is the belief of many people in Bitcoin that one day the price of Bitcoin will rise to provide a profit even though the average purchase price is relatively high... for me, only Bitcoin can be relied on to be a good long-term asset in the cryptocurrency space... moreover, there are also many big investors who are interested in the movement of Bitcoin which they do not really understand the world of cryptocurrency.

Seeing its performance every year which is improving, this is a good opportunity for long-term holders... so I still recommend it for anyone who wants to accumulate Bitcoin regularly for the sake of the future.

I totally agree.
The only thing at stake would be time itself.
And your funds are protected being transformed into BTC, basically.

[Z-tight]

It may take another 10 years or more for Bitcoin to reach 1 million USD.

Ten years is short in my honest opinion for BTC to reach one million USD, it will take longer than that. BTC cycle which completes with the BTC halving takes place every four years or so, or to be specific, after every 210,000 blocks. So if you calculate it in this way and the current ath of BTC, you'll understand that it will take a very long time for BTC to ever get to that price.

[Agbe]

Nothing has changed for Bitcoin except the price.   Bitcoin is where it's at, the price is influenced by people who don't understand Bitcoin (otherwise they would just HODL).  We cannot understand Bitcoin if we do not know about it.

  Bitcoin will still take over.   The price will rise to $1 million and eventually, there is no question about it.   Just use the opportunity to buy cheap.   The only thing that matters is the amount of Bitcoins you own.  And it will be profitable..

People are always concerned with the price of Bitcoin are people that are yet to understand the crypto space and the potential of Bitcoin, in a few years it's going be of high value and a lot of people would regret not taking advantage of the opportunity they had, I'm one of those people that regret not investing in crypto ten years ago and look at where it is today, imagine how high it's going to be in five or ten years from now

[Hisbullah]

Nothing has changed for Bitcoin except the price.   Bitcoin is where it's at, the price is influenced by people who don't understand Bitcoin (otherwise they would just HODL).  We cannot understand Bitcoin if we do not know about it.

  Bitcoin will still take over.   The price will rise to $1 million and eventually, there is no question about it.   Just use the opportunity to buy cheap.   The only thing that matters is the amount of Bitcoins you own.  And it will be profitable..

People are always concerned with the price of Bitcoin are people that are yet to understand the crypto space and the potential of Bitcoin, in a few years it's going be of high value and a lot of people would regret not taking advantage of the opportunity they had, I'm one of those people that regret not investing in crypto ten years ago and look at where it is today, imagine how high it's going to be in five or ten years from now

Not only you, I also experienced the same thing, because I was hesitant when bitcoin was first launched and only bought a little bitcoin and rushed to sell it when the price went up. If I had held on longer, maybe 7-8 years from the initial price I bought it at, I might have been rich by now. But let's just be grateful because we can still invest in bitcoin and altcoins even though the profits are not as big as if we had bought it when bitcoin was first launched.

[legend45]

Nothing has changed for Bitcoin except the price.   Bitcoin is where it's at, the price is influenced by people who don't understand Bitcoin (otherwise they would just HODL).  We cannot understand Bitcoin if we do not know about it.

  Bitcoin will still take over.   The price will rise to $1 million and eventually, there is no question about it.   Just use the opportunity to buy cheap.   The only thing that matters is the amount of Bitcoins you own.  And it will be profitable..

People are always concerned with the price of Bitcoin are people that are yet to understand the crypto space and the potential of Bitcoin, in a few years it's going be of high value and a lot of people would regret not taking advantage of the opportunity they had, I'm one of those people that regret not investing in crypto ten years ago and look at where it is today, imagine how high it's going to be in five or ten years from now

Not only you, I also experienced the same thing, because I was hesitant when bitcoin was first launched and only bought a little bitcoin and rushed to sell it when the price went up. If I had held on longer, maybe 7-8 years from the initial price I bought it at, I might have been rich by now. But let's just be grateful because we can still invest in bitcoin and altcoins even though the profits are not as big as if we had bought it when bitcoin was first launched.

many have the same fate as you, I am not the first person to follow the launch of bitcoin because maybe I came late to crypto after 3 years of bitcoin being launched but the price of bitcoin at that time was still low, unfortunately I did not think to buy a lot and hold for the long term because of the needs of life. I have to meet the needs of my family so I do not have free funds for long-term holding.

[SamReomo]

Bitcoin will still take over.   The price will rise to $1 million and eventually, there is no question about it.

No one yet knows that when Bitcoin's value will reach $1 million or cross that value but surely if it gets investors attention overtime and the Hodlers keep Hodling their Bitcoin for long term then that day isn't far when we may see Bitcoin at $1M per Bitcoin.

I even expect that Bitcoin can reach $1M value in one decade from this date and there's chance it might cross that value as well. Some analysts think that Bitcoin might reach way higher value than that $1M, they think that it may reach or cross $5M or $10M in value in future.

[satpol_PP]

Bitcoin will still take over.   The price will rise to $1 million and eventually, there is no question about it.

No one yet knows that when Bitcoin's value will reach $1 million or cross that value but surely if it gets investors attention overtime and the Hodlers keep Hodling their Bitcoin for long term then that day isn't far when we may see Bitcoin at $1M per Bitcoin.

I even expect that Bitcoin can reach $1M value in one decade from this date and there's chance it might cross that value as well. Some analysts think that Bitcoin might reach way higher value than that $1M, they think that it may reach or cross $5M or $10M in value in future.

Maybe in 10 years the price of bitcoin will reach $ 1 million because we also know that the longer the price of bitcoin will be more expensive and need free funds if you want to hold until the price of bitcoin reaches a million dollars. Currently I only focus on bullish next year by buying some bitcoins and potential altcoins and holding them, because as you said no one knows when the price of bitcoin will reach a million dollars, also no one knows bitcoin will reach a price of $ 150K next year.

[Gurujebs]

  Bitcoin will still take over.   The price will rise to $1 million and eventually, there is no question about it.   Just use the opportunity to buy cheap.   The only thing that matters is the amount of Bitcoins you own.  And it will be profitable..

You are just quoting numbers without facts. You think Bitcoin price will just shoot up one day and go $1M in a short time? You are not even saying $100k but a 10x from the $100k. I hope you know that to achieved that price, you will need to have Trillions of Bitcoin in market cap and has billions of steady volume in trading.

I want you to know that people that believe in Bitcoin will always hold and continue to hold regardless if other people that panic sell their Bitcoin or want to hold. Just know that Bitcoin isn't a scheme to grow and hold, everyone can do what they wish with their bags.

[ZAINmalik75]

Nothing has changed for Bitcoin except the price.   Bitcoin is where it's at, the price is influenced by people who don't understand Bitcoin (otherwise they would just HODL).  We cannot understand Bitcoin if we do not know about it.

  Bitcoin will still take over.   The price will rise to $1 million and eventually, there is no question about it.   Just use the opportunity to buy cheap.   The only thing that matters is the amount of Bitcoins you own.  And it will be profitable..

If everyone is holding, then obviously someone has to be selling, otherwise, there’d be no liquidity in the market. But you bring up a good point—miners do understand Bitcoin well, yet they sell instead of just holding. Why? It's not necessarily because they lack understanding of BTC, but because their purpose is different. Miners have operating costs like electricity, hardware, and other expenses that need to be paid regularly, so they sell a portion of their mined BTC to cover these costs.

And you're right, holding BTC isn't just about understanding its potential but about individual goals. Some people hold for long-term gains, others sell to cover expenses or take short-term profits. You can't really generalize this behavior without context.

Bitcoin has indeed changed a lot, not just in price but in its infrastructure as well. The introduction of Layer 2 networks like the Lightning Network, and the development of dApps on BTC’s blockchain, are significant milestones. Even meme coins are now on BTC, which has created new opportunities and added to the overall crypto market cap, pushing it over $2 trillion. This shows how adaptable the BTC network has become beyond just being a store of value.

[Themepen]

You are just quoting numbers without facts. You think Bitcoin price will just shoot up one day and go $1M in a short time? You are not even saying $100k but a 10x from the $100k. I hope you know that to achieved that price, you will need to have Trillions of Bitcoin in market cap and has billions of steady volume in trading.

I want you to know that people that believe in Bitcoin will always hold and continue to hold regardless if other people that panic sell their Bitcoin or want to hold. Just know that Bitcoin isn't a scheme to grow and hold, everyone can do what they wish with their bags.

Hmmmm this makes sense. We should keep in mind that Bitcoin price will not suddenly go up to $1M without good reason. If this want to happen so Bitcoin would need to be worth trillions of dollars and have lot of people trading it regularly which can not happen quickly. People who really believe in Bitcoin will keep holding it even if others think to sell theirs. Everyone can decide what he/she do with their own Bitcoin. Bitcoin is not way to get rich quickly. Its value will be decided by what is happening in market not just for what people hope or think will happen. We need to be careful and informed when thinking about Bitcoin's future.

[erus]

It may take another 10 years or more for Bitcoin to reach 1 million USD.

Ten years is short in my honest opinion for BTC to reach one million USD, it will take longer than that. BTC cycle which completes with the BTC halving takes place every four years or so, or to be specific, after every 210,000 blocks. So if you calculate it in this way and the current ath of BTC, you'll understand that it will take a very long time for BTC to ever get to that price.

210,000 blocks for every 4 years, if x2 means 420,000 blocks, I call it 10 years, and that means there are still 2 years that have not passed which according to you the value of BTC to 1 million USD is still a long time. I also want to ask you how many years will BTC reach 1 million USD? 30 years, 40 years or even longer?

[luckyledger]

It may take another 10 years or more for Bitcoin to reach 1 million USD.

Ten years is short in my honest opinion for BTC to reach one million USD, it will take longer than that. BTC cycle which completes with the BTC halving takes place every four years or so, or to be specific, after every 210,000 blocks. So if you calculate it in this way and the current ath of BTC, you'll understand that it will take a very long time for BTC to ever get to that price.

Yeah, I do agree here.
It will happen, probably, but a longer time frame is needed.

[Ricardo11]

It may take another 10 years or more for Bitcoin to reach 1 million USD.

Ten years is short in my honest opinion for BTC to reach one million USD, it will take longer than that. BTC cycle which completes with the BTC halving takes place every four years or so, or to be specific, after every 210,000 blocks. So if you calculate it in this way and the current ath of BTC, you'll understand that it will take a very long time for BTC to ever get to that price.

Actually it is indeterminate what will be the next step of Bitcoin, Bitcoin changes direction at will, we can't do anything about it. But just a guess, but considering the current situation and Bitcoin's past, it makes sense that it may take a lot longer to cross $1m.