That is because they will always be willing to catch those falling prices and are set with the buy order if ever the price drops a lot.

As with my experience holding Bitcoin and with all of the skyrocketing and plunging of it, there will be disappointing times that we'll see about it because of the FUD that circulates on the web.

But then, your stronger thoughts about it shall make you calm and that's why even for years of holding, many have already decided for themselves to treat Bitcoin as that.

Even when I learnt of Bitcoin at 2014, I was using a Feature or the Basic feature phone which can not support the downloads of crypto wallets due to the awkward development then and there are as not no much exposures of technologies then besides... Bearing the risks to Invest on Bitcoin even an equivalent of $1 was there affordable to take the risk of investing on the Bitcoin because those financially and more educated than I am never took the lead in the first place probably so then we as less privilege could follow up.

Literally it all points at distrust of the digital financial technology of the Bitcoin then because it was unimaginable that there could be realistic digital currency like that and also the feasibility of to trust investing on technology by which we can not get accessible devices to the required internet sites.

After evolution and advancement of existences, I have come to learn basically of what the Bitcoin is about. It actually feels so late for me to pick interest after learning it was such a financial technology that could be acquired with $0, it  began to gain values up to $0.09 til $770 in 2014 when I heard of it. Yet I persisted my doubts not til 2016-2017 when I began I pick courage in risk bearing and learning potential new technical ideals and then I developed interest to invest on the Bitcoin but yet there was no one around me to norture me with the desire and then there it died.

2018 I learnt from a cousin about earning free Bitcoin on bounty projects which I participated but was not achievable because I needed a free trial to testified the legitimacy of the Bitcoin and then I felt distrusted again.
Time keep going where a lot of people around had been testifying about the rewards of Bitcoin which ignited me to key in serious research and then lately someone introduced me to this forum where I can learn of Bitcoin myself amidst professional and whale investors. Then I diubts about Bitcoin was wiped off where it becomes feasible about the lucrative and a commodity realistic ness of the true Bitcoin.

My personal opinion is that there is no stopping this, although its use is and will continue to be very different from the P2P use for which it was conceived. Some time ago I still doubted whether it could be massively banned by the states but now it is clear that no, although the other side of the coin is that it has been integrated into the financial system as another asset, and P2P use although possible, in practice is reduced to the minimum expression.

The unpredictability of Bitcoin and the cryptocurrency market as a whole can't be questioned. We have seen Bitcoin going from $28K to $50K+ within a couple of weeks, and we have also seen it crashing from $69k to $16k. This means that the market and the price of Bitcoin are completely unpredictable and anything can happen at any given time. However, based on historical charts and data, we can make predictions which can always be inaccurate.

Seeing the conditions at the moment, it doesn't seem like the price is going to cross $100k, but as I said, unexpected things happen often in this market, so we never really know.

That's the point. It would require Bitcoin to have an extremely large market cap in order to reach extreme heights. So expecting $100k might not be a lot, but expecting $1m is a bit excessive.

I have major doubts about this.


Nobody's gonna bother to point out that this makes no sense? Like, what?


Me too. This does not seem like a "beginner" or someone who joined the forum for the first time in 2024.

Since you first got to know Bitcoin until now, many changes have occurred, starting from price changes and its increasingly widespread adoption rate, and now Bitcoin is starting to be used as a legal means of payment in El Salvador. The level of trust in Bitcoin is growing from year to year, allowing its price to soar, it is unimaginable how much profit you can get if you save Bitcoin until now. My personal opinion, Bitcoin is one of the most profitable assets, although currently my wealth is not enough to buy 1 BTC, but I will try to accumulate gradually. It is not too late for anyone who wants to invest in Bitcoin because price fluctuations always play an important role that can be utilized by investors.

You're right, that doesn't make sense.


It seems that even after 14 years you still have trouble grasping the concept of wallets and private keys.

"If those accounts are no longer there because they were on a much earlier device, those devices no longer exist."

I think you are talking about lost bitcoins, but I can't be entirely sure. If so, its always been a matter of backing up wallets and/or private keys. Frankly my brain hurts from trying to decipher your words. Its just plain gibberish. Please stop creating new accounts.

Is the account you mean crypto wallet or private keys/seed phrases? Even though they were first generated on an old device but as long as you made a backup on them and then you secured it in a very secured location, you can still be able to load them in a new device if the old device is no longer there.

Yeah you are right, none of us have ever thought that Bitcoin will got this far because on the past, the coin was unfamous and it also gained a lot of negative feedbacks from the public saying it is a scam, it is a criminals money, blah blah blah... Bitcoin have improved a lot through the years but the adoption for it is still not on full scale, so you are right that it can still do well in the near future. We say 'near' only because we can't still predict what will happen in the long future.

Even though we don't like it, there might still be a possibility that Bitcoin will crash and disappear for some reasons. If in general, I agree that Bitcoin is in a very good shape but in terms of its market performances right now, I think not really. With that being said, I also doubt if 100k dollar is possible within this year. I'm not rushing for it though but I don't know about you. Are you?

Bitcoin aren't store in those devices, they are store on the private keys and since you are talking about many years ago, they are definitely going to be on those legacy address. So anyone with the corresponding private keys can have access to those wallets. Anyone without those keys are the ones that can actually not be able to spend those Bitcoin and just for your information, the Bitcoin you see that are dormant and hasn't been touch doesn't mean they are loss. They still have the owners.


If anyone told you that Bitcoin is going to hit $100k, I will say you should disregard that information because it will take a lot of effort to get there and the way the Bitcoin sentiment doesn't look like we are going there soon. I don't want to follow the bears but the way they are bearish, seems the market is already at the top, we may be in another hear market for another time until we get another halving because this one didn't move price as many people expected.