No going back to $60k retrace, Michael Saylor in doubt.

[Asiska02]

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.

[LogitechMouse]

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

[Stompix]

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?

[Z-tight]

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.

[Lucius]

~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.

[MrSpasybo]

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.

[KingsDen]

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.

[Z-tight]

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.

[DubemIfedigbo001]

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

[robelneo]

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.

[Gurujebs]

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.

[Playboy]

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.

[Bobcrypto]

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.

[LogitechMouse]

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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.

[bitterguy28]

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