With the way Bitcoin's moving right now, we might be looking at a massive all-time high by the end of this month. Just today it peaked at around $88,060. Honestly, I wouldn’t be surprised if it breaks the $100k mark soon. For anyone feeling unsure about jumping into Bitcoin, I really think we should dive in now. Bitcoin's been on a roll, and I’m hoping it hits those crazy heights we’re all dreaming about.
Not too long ago, a lot of folks were bashing Bitcoin investments. They were saying it was too volatile and that we couldn’t expect solid returns. But I believe getting in on Bitcoin sooner rather than later will keep you motivated to stick with it in the future.
The ATH now is $89,864 which occured yesterday!
You are right in saying we have the potential to hit $100k this month but there
is also the potential tp go sideways @ ~$88 for the rest of the month also.
Unfortunately a lot of people who have been and are still skeptical or sitting on
the fence in terms of getting into Bitcoin will only do so when they see proof that
Bitcoin can rise to $100k and beyond. By that time the biggest opportunity (short term)
will be lost.
Obviously the most opportune time this year to get in was around the halving,
but for many the belief in Bitcoins history and belief in its technology was not there.
I don't want to say it is too late to invest. But it is certainly not a good time to invest. This is where new people get confused. Once they see the price is skyrocketing, they think it is the right time to invest. But the actual right time was when Bitcoin was dumping hard after the bull run. There was a time after the last ATH of 69K, that bitcoin even reached 16K level after a couple of months. But people did not bother to buy Bitcoin back then because they did not believe in Bitcoin.
Once again, after this bull run, Bitcoin will go below 50K and people still won't dare to invest because they will think Bitcoin won't recover. But the reality is, that Bitcoin will continue to grow in the long run. Even if it does not show any sign of a bull run in the next three years, you never know what is going to happen after five or six years. You will have more appropriate time to invest.
If you listen to critics or certain news channels, you would be discouraged. They will give you different reason why you shouldn't consider Bitcoin as a good investment. That's why I get my information and motivation from this forum. They help me overcome FUD and focus on my long-term plans.
For people who have not invested, I don't think this is the best time to invest. Bitcoin is not really profitable if you give it a short-term investment approach. Ignorant investors are attracted to Bitcoin when the price is going high but smart Bitcoiners buy during the bear season.
I think that at this time anyone who throws in a lump sum into bitcoin as their first investment because of its current numbers is going to be the bigger loser. At this time if you haven't been in it since before, you can't jump in now and expect to take profit tomorrow. The best investment strategy is the Dollar Cost Average which is what I would anyone to first consider. You don't want to put too much pressure on yourself by investing lump sum and watching the price every day. And also no one should invest right now because they think the price would to to $100k before the year's end but because they are ready. It is our readiness that should drive our investment. Bitcoin is here for the long term.
I totally agree with you, there are many investors who don't invest in bitcoin at the right time, they don't trust bitcoin when the price of bitcoin is low. And later when Bitcoin rockets pump, they regret it, and they get into Bitcoin investment when the market price is at the top, and then when Bitcoin dumps, they face losses.
Aggressive buying at high prices is always a bad decision, especially when people think that prices will go up forever and never dump. Therefore investment in Bitcoin should be planned as a long-term investment, and investment should be made following DCA. Bitcoin has repeatedly been profitable for long-term investors, and history has shown time and time again that those who have been patient during price declines and have full faith in Bitcoin tend to buy more Bitcoin during the dump, and have subsequently fared better than they expected.
What are your sky-high dreams? I hope you are not too delusional to think that bitcoin can give you thousands of percent returns or make you rich with just a small amount of capital. Because the days when bitcoin generated returns of thousands of% and made many people rich with small capital are long gone. Today, Bitcoin can give us a significant return on our initial investment and also much higher than many other investments. I hope you are realistic and not too delusional about what you can make from your bitcoin investment.
Sometimes someone is still hesitant about how to invest in the short term or long term and in my opinion there is a factor that underlies their hesitation in investing, one of which is that there is no trust and determination in themselves even though both attitudes are very influential for someone in encouraging to invest and of course they must also be ready to bear the risks that exist.
Like investing in bitcoin, if someone is really sure that the price of bitcoin in the future will be higher, the word too late will not apply to the investor, but we all will never know bitcoin in the future, maybe besides bitcoin there will be new coins that will experience very fantastic price changes too.
So invest while you can and be sure that the coin you choose will bring good luck to your life in the future.
Now it has exceed $90K.
I thought it's not possible Bitcoin will reach $100K in this month, but I guess I'm wrong. There are still 17 days to go, more than enough since Bitcoin price surge from $70K to $90K just need a week!
However, it's been a long time I haven't heard someone said Bitcoin is a bubble or Bitcoin will die.
Most people who are going to invest, they always think and consider something. Especially when the price is rising, they will definitely be more hesitant because they are afraid that if the price drops they will suffer a loss. In fact, in bitcoin, the price increase will always be there, in the future I am sure the price of bitcoin will continue to rise, so don't waste your time just thinking. I experienced it, I always hesitated to buy when the price of bitcoin was rising, and until now I only regret not buying it earlier.
I agree that by the end of the month, and probably even by the end of next week, we will see bitcoin for $100k. Don't have to be a "genius" to look at the chart for the last couple of weeks and say something like that.
Btw, I think you are starting to have Fomo.
You say a month ago? For the last 10 years and more, we've been hearing nothing but this kind of drivel.
How do you like the new proverb: the earlier you invest, the longer you stay in hodl?
Btw, the title of your topic refers to bitcoin not only specifically to the current situation with the accelerated rise in price of bitcoin, but in general, on the whole. You don't need to wait if you want to buy bitcoin. Otherwise, it will be "slightly" too late (discounts will end).
The future is bright for Bitcoin because I do not think we have seen the best from Bitcoin yet. There are more surprises to come and we might pass $100,000 before the end of the month or by the end of the year then next year we start looking for more highest prices to pass. The market this year has taught me that we should not doubt Bitcoin ability because it takes just one positive news for the market to start moving in the right direction. After the win from Donald Trump, Bitcoin has just being rising and it is not slowly down. For those that bought when everybody was doubting that the price of Bitcoin will recover, they are the ones benefiting and that is why you do not doubt the growth because when you do, you will be among those missing out.
it's important not to care about what other people say, especially those who don't know bitcoin at all but they claim bad about bitcoin, away from them because they will affect your confidence in bitcoin, I like the thread, don't wait to invest in bitcoin is a very good sentence to apply, tonight we have touched $93k and $100k is in sight, we might see it very close in the next few days if there are no negative issues.
Yes you can now tell them, but I think it's better to keep quiet, and it should be with your current situation that you can believe more in bitcoin, how bitcoin can change your future for the better.
The condemnation of Bitcoin isn't a thing that just started of recent, it has been right from it's creation. The older investor went through tougher times to keep up the pace at which we entered the market.
So far, we already crossed an ATH of $90K, not just the limit, we still have a lot just alone in the month of November also including that of the last month of the Q4 of this year. Based on how fast the price of Bitcoin is moving, we might exceed $100k very conveniently and even above. Anyone still willing to invest in Bitcoin is still privileged with enough opportunity to make huge profits most especially for those who would prefer to invest for the long term than just purchasing with the initial thought of selling back as soon the price went up. This bull run alone, our utmost speculation is confident on $150k, then holding through another bear season which totals about 5 years ahead will profitly generate an ambiguous profits over time.
Being unstable is the another way to say of getting huge profit for a time like this on having bitcoin. Imagine if you are just new investors bought bought bitcoin at $68k, you already profit 25% of your investments on just few weeks, it's very large compare to other kind of investments either stocks and forex.
You're right about the latter but telling that, the former. I don't think it's a good idea to convince someone who's in doubt of Bitcoin. Let the fate and happenings now persuade them, and let them be the ones to decide whether they should invest now or not. Because we have no control over the market and despite that, we're confident of what may happen soon, let them realize their doubt.
For the record, it's not only that we were criticized a month ago. It's been happening for several years. Even before hit $20k in 2017, there have been a lot of criticisms already thrown to it and to everyone who has invested in it.
We've been telling this since the bottom, right now it's gonna be a FOMO.
Today bitcoin has ATH again - with this $93K price getting closer to $100K it could be that November will be realized with that much expected $100K.
Even if $100K is early then it's not impossible to $150K or $200K right?
The person who criticizes you about his investment is a person who hates bitcoin or at least he has missed buying a high price, let it be like that, indeed bitcoin is unstable because of fluctuations but we see how the surge has been, the person criticizing it will definitely regret seeing the current price.
Do not get your hope too high with the movement of bitcoins, seeing the value of bitcoin plummet and give buyers another opportunity is still not impossible because although we are in an upward trend, the short term movement is still very unpredictable. If you start thinking the movement of bitcoins is solely upwards, you are on for disappointments. Panic buying may not benefit you, because rushing to buy now the price looks to be going high will not profit you as much as those who have been investing.
Im not against with investing in bitcoin with a high price as long as you know what you are doing, and youre aware of the risk of losing your funds if bitcoin price suddenly drop again when you least expect it. Otherwise, if you only invest because you believe that bitcoin price will continue to move up and reach its new all time high in just no time, you are very wrong. Bitcoin price is very unpredictable and highly volatile, so its safe to invest only on the amount you can afford to lose, and as much as possible, only when its price is low and affordable.
Bitcoin price is bullish right now and it touched up to $93.2k, and it has a long bull market ahead. Because the most Bitcoin market has changed already, since November 2024 is the first step of the bull market, we will see the Bitcoin market improve until 2025.
So those who have been deprived of Bitcoin investment till now can invest, there is ample opportunity till now. But in this case you can use DCA method, it will give you the most benefit and save on your purchase price.