We've all seen the wild ride of Bitcoin, right? I mean, it went from being not even enough to buy a pizza to a life-changing investment for many. This whole journey really shows how powerful patience can be. Bet there were folks back in 2010 to 2015 who sold their Bitcoin thinking it was worthless. Can you imagine how they feel now?
So, I've got two questions that keep popping up in my head, and I figured this is a good place to throw them out there. The questions are about where Bitcoin is headed:
1. Do you guys think Bitcoin's value is gonna go up from here?
2. What if we wake up one day and see it drop below what we thought it would?
It's tough to make any predictions about the coin's future, even in the short term, but these questions have been gnawing at me as an investor. Bitcoin's now recognized globally, and some countries are even accepting it as a form of payment. So it feels crucial to discuss. Given how many Bitcoins are out there, it's totally fair to expect it to rise, but we also gotta brace ourselves for the possibility of it losing value.
Will BITCOIN Keep Climbing or Drop Later
19 replies 318 views
basedvaultFull Member
Posts: 35 · Reputation: 280
#2Jul 27, 2023, 09:01 PM
yes.
then do what all real bitcoiners do: panic sell!
We are still in the bull market. Expectations are that the price will keep rising all through this year and the early part of next year. But you should be aware that nothing is certain, so do your research and have a plan.
Bitcoin price has always been volatile. Expectations are relative, so I don't know what you expect from the market at a given time. If the price drops below your prediction, you keep hodling because the price will recover. This is why Bitcoin should be seen as a long-term investment.
Weak hands panic sell, real Bitcoiners are immune to FUD, so they keep holding.
nonce_sigmaFull Member
Posts: 117 · Reputation: 612
#4Jul 28, 2023, 09:01 AM
Thats the million dollar question isnt it. If we all knew the answer as to which way the price will move in short term time periods, we could all use leverage to become billionaires. Nobody knows but you can use information available to you to make decisions. We are still in a bull market so in all likelihood the price still has more upside from here.
Yes - but the OP didnt give any of their expectations, as in how much of a rise are
they considering and over what time frame, a week, month or year? There is one
thing for certain though and that with a long term outlook Bitcoins "value will go
more than this"
This happens regularly, the Bitcoin market regularly drops after a rise, it doesnt
constantly increase in value. So every time there is a drop you can be sure it catches
some people by surprise.
oracle_satoshiFull Member
Posts: 86 · Reputation: 255
#6Jul 29, 2023, 09:28 AM
In the short and medium term, based on the 4-year market cycle, we are still in the bull season and that is why many people are still optimistic that bitcoin will soon rise and reach a higher ATH. But in all fairness, no one knows what will happen, anything can happen.
But if you ask about the long term in the next 10 or 20 years, we can be sure that the price of bitcoin will increase higher than the current price.
Investing is risky and bitcoin is no exception. So as a smart investor, you need to backup plan for that. Don't be complacent and think there is no risk, or if you are not ready and don't want to face the risk, don't invest in bitcoin. Bitcoin or any investment has no guarantees.
Its likely, but remember there is no certainty, even though we expect for it to pump more and make all time high pass $124,000 before this end of this year, we cant also be precise on which rate its goin to reach before the season ends, that is why we all have to continue with our speculations till the perfect one is gotten.
The market doe not behave as the altcoins do, because this is not a pump and dump projects like memes, we have seasons and even despite the volatility of bitcoin, there are certain limit we believed it fall cant exceed, while after every fall also comes a correction to set the market back on high, depending also about the season or market circle as at that time.
viper_blockSenior Member
Posts: 205 · Reputation: 1216
#8Aug 2, 2023, 03:58 AM
Bitcoin will go higher than this someday. If the price drops below, I will not panic but will think and analyze when I can enter the market. If the drops still go on, I will wait for more and check the time to buy. Rather than using Bitcoin as a global tender, I prefer to use Bitcoin as an investment. That gives me the opportunity to make a profit in the long term so I am not worried if the price is down many times because the price will increase. Bitcoin is going to get more than this.
Every drops is no more a good opportunity to buy Bitcoin now because we are now at the very end of the last run for Bitcoin, I am just been honest and many people won't tell you what I am telling you right now.
Bitcoin will still go up for not for longer anymore, the time where the market will go down for months is not very far away anymore, I would rayher wait for that time to start buying bitcoin again, now is not the time sorry.
150k BTC? Maybe, but be prepared for the final run and that's it, take profit and wait for the big reset.
BasedTokenFull Member
Posts: 83 · Reputation: 487
#10Aug 6, 2023, 12:40 PM
I don't have any financial advice for the OP but I somewhat agree with your point that buying bitcoin right now will bring more risk than reward.
While none of us can know exactly when bear season will arrive, based on history, bull season is in its final stages. So buying at this point is really a risk.
Sooner or later bear season will come and there will be no shortage of opportunities to buy bitcoin at even better discounts. We really don't need to rush if we haven't invested in bitcoin before.
$150k? There's no guarantee Bitcoin will hit that price before the bull run ends, it's all speculation.
vault_alphaHero Member
Posts: 363 · Reputation: 2228
#11Aug 6, 2023, 01:37 PM
You have every right to be sceptical about Bitcoin, but I want you to know that this is the same thought people had when Bitcoin was below $1,000, yet it has managed to be over 100 times that value now. For me, Bitcoin is progressive, and it will continue to edge higher. We should expect it to be at least $150,000 in a few years, if not months.
However, my only reservation is that Bitcoin will not be a rocket-flying asset that many thought, it will rather continue to rise at a steady pace.
You can talking about Bitcoin price, not Bitcoin value, let's differentiate value and price.
Bitcoin has value so it has good demand, good trading volume and high price but price comes after value. If Bitcoin does not have good value, its price can not be too high and trading volume would be very low.
If you are cautious about Bitcoin value.
The bullish case for Bitcoin.
Bitcoin realized price. It's not actually Bitcoin value but average purchase price of all bitcoins in circulation that somewhat represents demand on Bitcoin and average price people have been ready to purchase bitcoins.
Bitcoin is slow and steady that is the point i pick from you mate, at every time bitcoin is proving to be a stable and here to stay, many never believed bitcoin will stay till this day, they all thought it was a scam project, but those that keep it a try are all happy and rich today. so when people predict negative thing about bitcoin i just do not want to argue with them, i let the price of bitcoin to speak for me, even me that is bitcoin optimist never imagine bitcoin will hit $1000k in 2025 and its now above it.
In the next five years, bitcoin will be crazy i can not even predict the price because it will fail me. Bitcoin will not go down below $1000k again. its heading up, i do not listen to negative news about bitcoin, the more negative news the more i buy that is the joy i have now. Bitcoin is my future, and i will not joke with it. I do not need anyone validation.
kevinrocketMember
Posts: 27 · Reputation: 202
#14Aug 6, 2023, 07:43 PM
You're right DeathAngel. I don't think any of us are in the best position to answer such a billion dollar question. Sometimes I do wonder though if there are people who can. People who sit at the backend to determine prices even if they are a few of them. Because some people seem to invest always at the right time and make predictions which oftentimes become real in our eyes. Makes me wondrr if they're some sort of leakages being dropped somewhere by some anonymous few backend controllers of the market
just_stackMember
Posts: 7 · Reputation: 124
#15Aug 6, 2023, 09:12 PM
Like you have started the price of bitcoin from 2010-2015 till date never remain the same, those that were scared of the price returning to zero sold off their investment, but those that were strong and had faith in bitcoin are rejoicing now because their reward is very great while those that sold off are now regretting their actions.
Bitcoin price rise and fall is normal, this is not the first time, it will definitely bounce back beyond the current price , if you wake up one morning and the price of bitcoin is beyond your expectations, you will have to accept it the way it is without panic since you invest what you can afford lose, and invest with your discretionary income not money meant for your personal expenses, so that situations like that you will not be shakened and have where to fall back on.
Bitcoin price is not guaranteed anything can happen at anytime therefore you need to be prepared at all time by having another source of livelihood not putting all your funds into bitcoin investment.
Will Bitcoin rise from 115K again? Yes, it will, and
Will Bitcoin crash from whatever it reaches as an ATH? It is also yes, it will happen.
And it will happen simultaneously and also in no particular order that is what we call it as volatility but if price is the reason you are holding on to bitcoin then make profit and exit the market as soon as possible.
Yes, bitcoin value will go more than this. The historical background of bitcoin from what it was, to what it has come to be today is already convincing enough to tell that bitcoin will continue to rise and go above this price.
Expectations of Bitcoin is infinite and when we get to talk about Bitcoin value, the volatility nature of it makes it a speculative view for everyone to speculate a price on. So even if we wake up someday and the price is not where we thought it will be, it just means that our speculation is not correct but Bitcoin will remain on the uprise in the long run.
What you see us all do here in bitcoin market price prediction and speculations is to analyze base on what we already have on ground and do our own research by ourselves, in other to be able to depict on whether the market will rise or fall, if you could not forget that this is also a digital currency that needs to be always volatile, there's no source or place where we get information from about the market performance.
Bitcoin will continue to grow because fiat currencies have no bottom they always lose value over time.Can there be periods when fiat currencies rally or strengthen, even for a long time? Absolutely. If you look at the gold chart over the last 50 years, you can see there were quite long periods of stagnation. For example, from 2011 to 2015, gold experienced a bear market, dropping from around $2,000 per ounce to about $1,000 per ounce.
So, like gold, Bitcoin might go through corrections or stagnation phases, but in the long run, it tends to grow because fiat currencies continuously loses purchasing power.
Bitcoin's value depends on how the demand in the market works. If there is high demand in the coming months and people keep buying instead of selling and taking profits, then we will surely see the price going up further, but if at one point, people decide that it's now time they start selling and securing profits, and people in good numbers start selling and there is less demand in the market for buying, then we will see the price going down.
So? That's normal. When you are in a financial market that is volatile and unpredictable, you should expect things like that to happen at times. You never know, you might sleep with Bitcoin's price going over $115k, and then wake up in the morning and see it going below $90k, because while you were sleeping, the world was awake, and there might have been things that caused mass selling, and the market panicked and this happened.
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