Recently, I have seen often talking about how Bitcoin is not going up fast enough, I usually see this mostly on social media. I haven't really seen it on this forum but I'm bringing it here just in case there are people here who have similar views
Almost exactly a year ago, the Bitcoin price was $30,534 on the 27th of June 2023. This was a year ago and at the time, this was a pretty impressive price because Bitcoin just hit $30k. A year from that time bitcoin is at $61, 423 (at the time of writing), that's a 100% increase in price and a 100% profit if you invested at the time.
A few months ago, we were celebrating Bitcoin at $40k, so how come now that Bitcoin is at $61k we're unimpressed? How is $60k looking ordinary when the previous ATH before this year was $69k?
I understand that we all want Bitcoin prices to skyrocket (which it's actually doing), but that doesn't mean Bitcoin is performing poorly. A lot of people expected Bitcoin to get to $100k immediately after the halving, but by history, it's usually not so.
In conclusion, this post is for two sets of people;
Those who believe it's too late to invest in Bitcoin because you can clearly see how Bitcoin has grown in price in the past year.
Secondly, the post is mainly for those who believe Bitcoin is underperforming because it's not at all.
It is his opinion that people will invest according to their will, many investors are disappointed when the price of Bitcoin falls and some investors find enough time to buy the dip again. So currently it is not possible for Bitcoin to ever rally before the bull run, it will be possible if we wait and patiently wait until 2025. Then we can see the price of Bitcoin hit the highest point.
Bitcoin is moving at its own pace, because it is not controlled by any particular person. So we should just be patient while investing in Bitcoin. Everyone knows that the maximum profit can be achieved only when the price of Bitcoin rises, but then there will be no more opportunities to buy. So it is normal for Bitcoin price to go up and down, so risk has to be taken.