BTC near to 50K, what's your thoughts?

It wont stop there though. With the halving coming, it should rise to 10x in the upcoming years
 
I suspect it will keep rising then probably drop off at the halving a little bit, then hopefully we’ll see ATH by end of year. Maybe nearing 100k with some luck.
 
Very bullish, its expected for BTC to have a pre-halving pump though, im kind of weary we might have one last shake-out before the actual face-melting candles commence.

Who knows though, DCA and chill. *rocket emoji*
 
Who can explain me the price rising like I'm 5?

I mean, the supply/demand?

But if I need to use BTC, I purchase let's say $1000 worth of BTC, and I do not care about how much it goes in decimals.

Even when/if BTC will be $100k, I will buy my 1k worth of BTC I want to use for some services and it wouldn't affect me.

So where this price increase comes from, isn't its artificial in some sort?

Technically, this price rising/drops doesn't affect me at all.

Only people who stores money long term in BTC are affected by these movements.

What is the thing I do not understand?
 
Who can explain me the price rising like I'm 5?

I mean, the supply/demand?

But if I need to use BTC, I purchase let's say $1000 worth of BTC, and I do not care about how much it goes in decimals.

Even when/if BTC will be $100k, I will buy my 1k worth of BTC I want to use for some services and it wouldn't affect me.

So where this price increase comes from, isn't its artificial in some sort?

Technically, this price rising/drops doesn't affect me at all.

Only people who stores money long term in BTC are affected by these movements.

What is the thing I do not understand?
The thing you are getting confused is with the supply / demand part. The price increase comes from higher demand and fixed / lower supply.

Like lets say you have 5 apples selling them 1$ each. And you sold those 5 apples to 5 people.
Now you don't have any more apples to sell but people are coming asking to buy more apples and are now paying more for them because there is a shortage of apples and they have that big apple craving.
Now if one of the guys you sold apples to decides to sell he will sell them for a higher price because people are offering higher prices to buy them apples.

Its basic supply / demand laws. What's different with BTC is also the fixed supply / they cant just print more even if they wanted to - so that limits the supply a lot thus if the demand increases the price increases as well.
 
What's different with BTC is also the fixed supply / they cant just print more even if they wanted to - so that limits the supply a lot thus if the demand increases the price increases as well.
Makes perfect sense, thank you!

I think what errors me is that fiat is still used as how to determine the price of it,

Uff I'm not sure if I can explain my thoughts here,

When I buy 1k worth of BTC, I don't care how much of supply I get, it can be 0.00001 or 0.0005, I don't care about what decimal part of BTC I will get, I will always buy 1k worth of BTC.

That's why I have this error of why the price goes up.

When I'm buying from you your apple, I dont care how many apples I will get. So thats why my error in brain about supply/demand.

I mean the service I pay for using BTC, or one that someone will pay me in BTC, the value is valued in fiat anyways.

So even if I get the apples, I don't care how many you will bring, because I will check how much I can get in fiat for that.

Because of this, BTC could cost 1M because of low supply, and I would still not care about that price.

Does my ramblings make some sense here?

Edit: as a good friend explained, it's the virtual value that makes the price go up(based on demand), which always made errors for me as in my mind, if there are no assets and the value of something is just based only on the value the next person is willing to pay for it - there is no value at all. Which obviously isn't the truth. At least till your next buyer doesn't want to buy from you for a higher price.

So in other words, I would say it's the market sentiment that determines the price, not the supply/demand, do you agree to that?
 
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Yes, it's a fact that the OP overstated things when he said that we're almost at ATH.

But the reality is being very positive... few people thought that BTC would reach +$50k in February. We're a long way from the bull-run yet, it will probably happen in Q4 or Q1-Q2 of 2025, and even then prices are pretty good.
 
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