Thoughts on Bitcoin price predictions and advice for beginners

I've seen tons of predictions floating around about Bitcoin's price... like it's gonna hit 100k, 200k, even 300k. This kind of hype creates a serious FOMO for newcomers. They think that jumping into Bitcoin will make them rich quick. But honestly, this can be a trap for them. If you’re buying Bitcoin just because someone says the price will skyrocket, you really need to get some basic info about what Bitcoin is. Sure, the price of BTC will go up, but it's not just about that. Bitcoin represents way more than just price tags. It's the freedom that comes with a decentralized financial system, giving you financial power and a shield against inflation and a lot more. Look, inflation is hitting hard and making people poorer, and Bitcoin offers a solid way to protect yourself against that. So before diving in, make sure you get a grip on Bitcoin: - What exactly is Bitcoin? - How does a decentralized system work? - What is inflation? - How does inflation erode your wealth and how can Bitcoin help with that? Don't just chase Bitcoin thinking about the rising price... understand that there's so much more to it.

Bitcoin is money, an asset that has growing value, a currency and a commodity that is fungible. The bitcoin network is decentralized, not like what cryptocurrencies have turned to now. Bitcoin is also deflationary with 21 million maximum supply and more demand. Bitcoin is $62500 today, it will get to $650000 before the next 10 years.

Those who see Bitcoin as something that appreciates in value are not wrong. Those who only picture it as an asset to turn their financial situation around in a quick way are viewing it wrongly. Bitcoin is an asset, a store of value, etc. How one views Bitcoin depends on his or her level of knowledge about Bitcoin. what you use it for is also base on your needs for the network.

It also depends on what was told the person during introduction to bitcoin; many people exaggerates unnecessarily and make bitcoin look like a miracle money scheme. Once a newbie gets wrong idea of something, it is always difficult to correct it. The first information matters because it is always the mindset shift and when it is a wrong information, the informed suffers for a long period of time. Those who got the most misinformation are those that entered from the shitcoins airdrop and faucets angle. They believe bitcoin can be gotten for free.

I think you are pointing to FUD that encourage newbies to buy based on shared analysis, but not all analyses out there are just made for FUD or FOMO; it was shared to give a signal to anyone. You should also learn how to read a chart, at least the basic one that includes support and resistance, and learn about the direction. So that you can confirm those analyses, if they were just made for lies and traps. Knowledge is still important; having knowledge about charting and the history of Bitcoin gives you encouragement if you are going to buy or not.

Those who think buying bitcoin is going to make them rich are completely wrong and it will be better if they do not buy bitcoin because of that because they will end up regretting it at the end, only those who understand bitcoin succeed because they have already know how to handle themselves no matter how it is, the reason why some people think buying bitcoin will make them rich is because of the price and how the price rise at any time without knowing that bitcoin can not be predicted. This is one of the reasons why many beginners thinks it is very hard to buy bitcoin because they have already have a lot of things in their mind before they buy bitcoin and that is one of the things that disappointed them when they see the price is not going well as they predicted.

Treat buying bitcoin like buying gold. Nobody seemed to have problem with buying gold and its price being volatile, for your information gold has dumped 30% and nobody really care, they thought they are holding for long term therefore the price will eventually go up. Same with bitcoin, see the historical chart of bitcoin and you will understand why. Bitcoin has historically multipled its ATH and has never failed even once, treat investing in bitcoin like investing in gold and you will see big profit. It's the same hedge against inflation after all.

The majority of people who are currently buying Bitcoin are focused on making a profit. They don't care about decentralization or privacy because the hype they get from the internet makes crypto seem like a money spinner. I observed a year when almost every youth in my neighborhood was engaging in social media crypto projects (most of them turned out to be scams). Investing in Bitcoin for profit is not wrong, but it is important to have the right information. Those who see Bitcoin as a get-rich scheme will be disappointed. Bitcoin is more than a currency; it's a tool for freedom. And those who understand the features of Bitcoin would always want to accumulate more.

I do not think they are wrong too but if they think bitcoin can do it within few months is when they are wrong. If bitcoin is around $63000 now, do you not think bitcoin can not go to $500000 in few years from now? If bitcoin increase like that, I will be very happy because that is more than 7.9 times of the money that I invested on it today. I know bitcoin can not just get there easily, but it is going there.

This is not the Indian board, so why using Indian numbering system in the general section? It would confuse people. That's by the way. There is a golden rule that warms people not to deal with what they do not know or understand. If anyone is still carelessly entering a market simply because of what they hear or see externally without doing their background checking, then it is on them.

It is normal people thinking Bitcoin price will increases and invest their money in Bitcoin. Many people see this as their opportunity to make a big profit especially if they buy Bitcoin at dip. It is personal decision to buy Bitcoin or not and they will have their own reason with or without knowing or understanding Bitcoin fully. They want to profits from Bitcoin so that will be their goal investing in Bitcoin. If they miss the chance to profit, that will be their mistake so they should knowing the risks before decides.

In situations like this, we are not expected to be always mindful of the noise going on the internet, because some are already intended to make us make some actions that will not favor us, that is why some will be selling when it is not due time for them to do so, if you want to maximize our opportunity to make profit in Bitcoin investment or trade, then we must learn to be more concentrated on the market flow and pattern from the charts than the fundamental aspect of the news hear often, especially when the market is falling, we have to intensify more research to know which direction is possibly going to take lead as a particular given time when we observe reactions in this manner upon the market price.

Bitcoin has the potential of everything you thinks about it but you should know that it wouldn’t instantaneously change as you may think but patient over everything. Bitcoin investment is never a ponzi scheme where you put specific amounts to earn something very big in shorter time without considering the duration at which you should be holding it because bitcoin investment is solidly a long term investment and not a short term investment. So if someone thinks about price increment is not actually on a wrong track because as we know we already have two respective seasons that the market obeys and observed in each period and seasons.

While I do agree that predictions do not matter and having more bitcoin means freedom in the future, I also know for a fact that those predictions are there because people buy and sell and because people buy and sell for an attempt to make profit, we are more popular. If bitcoin was not something that is traded to make more profit, or invested long term more profit, and only existed as something we may earn and spend, nothing more, no buy and sell, just earn and spend, then we would not have bitcoin this high. So while you would be doing something great to have bitcoin for that reason, it doesn't mean that you are enough, we have predictions and buys and sells and all those billions in volume from the traders to be popular.