I wanted to ask this question because some of my friends why are just getting into crypto are planning to invest in Bitcoin. Today the price of BTC is trying hard to hit 20k. There are so many predictions happening at this price. One group of people expect it to fall down after hitting 20k and another group of people expects to see more investments happening when the price crosses the 20k threshold.
I most likely think that the price might crash after hitting 20k. Maybe even if a pump happens after 20k, I don't think it would cross over 21k or 23k immediately to set a new all-time high. But it is a tough decision for the investors from my perspective.
But for a fact, I can see many people still thinking that BTC is undervalued right now and for people who are buying this at the current price, it can be a great asset after a few years, probably after a decade.
In 2016 when the price of bitcoin was 601$, people thought that was overpriced and many skipped buying it. Imagine if people had bought it at that point in time. Today the current price is also not a big deal. We might have different stories to share after 10 years of seeing the current price. We might again say that we saw the price of 1 BTC at 20k and we missed all the opportunities. There is also a high possibility that BTC can cross over 50k in another 1 decade.
There is a high possibility for a great event to happen today where the price of BTC can cross over the 20k threshold. People are waiting for that very moment. Today BTC had been very bullish.
What are your thoughts about BTC? Would you purchase BTC at this current price if you have enough money to invest? Are you bullish about the future of BTC?
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!ASH I think it's not going to be like that. The growth will be after 20,000, perhaps even a very sharp rise, but only time will tell what will really happen...
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Yeah true. We can only predict it to some extent. We will not be able to say anything concrete right now. Cheers! Thanks for the ASH.
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If I didn't own any crypto, but still have the halving cycles knowledge and how the boom and bust cycles follow, I would buy BTC because I know there's still a lot room for the upside.
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That's nice. I still see this as a low price considering the fact that people were hesitant to purchase BTC when the price was 600 USD in 2016. People thought it was too high but now after seeing the current price, it would never hit 600 USD again even if it goes too low.
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