Mark64747hd posted: Bitcoin will soon take its rightful place in the banking system of the world.
Is that a joke? Crypto will never be anything more than a niche curiosity. BTC has been around for years now. it's popularity has grown but it's usage is still insignificant compare to fiat currencies.
Due to its high price, I believe that now is not the right time to invest in cryptocurrency, especially Bitcoin, but I believe its price will fall over time. The best time to start a company with bitcoin is when its price falls, as according to statistics and experience, bitcoin still rises to high levels until it falls. This time, Bitcoin hit a record high thanks to the huge investment of Elon Musk. But this, in my experience, is only temporary. So, if you don't understand this, then you should definitely visit the article that explaining bitcoin in simple terms, which will save you money. https://bestinterest.blog/explaining-bitcoin-in-simple-terms/
Now bitcoin costs 50 thousand dollars, so it is becoming more and more relevant to start investing in cryptocurrency. Although, I know people who, on the contrary, say that you need to invest in cryptocurrencies that are inexpensive so that in the future, they will rise in price and thereby bring you a lot of money. I don't know whether I should invest money in this cryptocurrency or wait and save money to buy bitcoin.
@Annalonco many people regret not investing in btc earlier when it was less than 10k and now its on the verge of surpassing the 50k mark. But you can always go for projects that have been showing great potential, like recently I researched about ADA and learnt that they are releasing smart contracts which is a very big deal for a cryptocurrency and hence it triggered me so i bought some 16 ada at less than 2 dollars and now in like 30 days its current price is more than two dollars . See my point is that if you research and strategize your investment it will always be fruitful. Yes you can wait and save for btc but always keep an eye on other potential alt coins.
Recently, bitcoin broke the price line at 68k$. It's great news, because we see how much advntages bulls have on the market. Of course, it does mean that withing couple of months there will be a strong bear impulse and it's unavoidable thing. However, analytics also allege that it's not for a long or there will be no bear impulse at all. You shouldn't believe in words of analytics, because you have to read thi information and decide by yourself whether you sell your assets now, ot you will sell it later, because bitcoin potentially can reach 100k$ price line. It's very tough to analyze bitcoin actually.
Fenritaxe posted: Recently, bitcoin broke the price line at 68k$. It's great news, because we see how much advntages bulls have on the market. Of course, it does mean that withing couple of months there will be a strong bear impulse and it's unavoidable thing. However, analytics also allege that it's not for a long or there will be no bear impulse at all. You shouldn't believe in words of analytics, because you have to read thi information and decide by yourself whether you sell your assets now, ot you will sell it later, because bitcoin potentially can reach 100k$ price line. It's very tough to analyze bitcoin actually.
Its very difficult to judge what it will do in the short term. I think BTC is best a long hold so you dont have to worry about short or medium term impulses down or up
TheDolphins posted: Bitcoin is heading for it's next bubble. I think that 20k will be reached and then surpassed but there will be another crash after that. There is no stability on BTC so it is just guess work
Hello; if we have 20K once again, there is no reason to price crash instantly without heating at least 40K price!!
Now that's exactly what Bitcoin has touched about 42,000. Now you can buy bitcoin.
I remember times when I was among those guys who didn’t believe that Bitcoin could overleap $10k. I thought that it was the highest possible price for the number one digital coin. Perhaps, you remember that in 2020, Bitcoin was struggling to overcome that resistance and when it occurred it was a shocking thing for me. Now some people believe that Bitcoin may hit $100k. Well, I don’t exclude that it’s possible but I think it will not happen soon. I think it may happen in a couple of years, but not this year of course.
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