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[Forsyth Jones]

Yes, BTC has bounced off these levels before, but what worked in the past doesn’t guarantee the same outcome in the future. The market is always changing, and while sentiment is bullish now, any unexpected event could break the trend. So, I wouldn't rely solely on past patterns.

If the market goes up, I win, but I get fewer sats than I could if it were down. So, I hope BTC doesn't appreciate above $90,000, so I can accumulate as many sats as I can below 100K. However, the price is forming a rising wedge and the price is compressing a lot in the 80 - 85K region. If it breaks upwards, it could take us back to regions close to 100k.

Whenever the price compresses a lot like this, you can expect a strong movement according to the direction the market directs the price.

I believe we are still in an uptrend and that the current stage is a correction.

[Zwei]

I think next month BTC will reach 85K to 90K. There is no chance to grow up more than 90K. Between September to December, Bitcoin prices will start to come back from 90 thousand. At present BTC has no chance to grow more from 99K+. BTC holders, please wait and see the next year. BTC prices always stay more than 1 lack.

The bolded words are very strong.

So from March 22 to April 30 we stay < 90k.

If I bet on that statement I would bet we go over 90k for some of that time.

for the few years i have been in bitcoin, i stopped trying to speculate on the price and just accumulate as much as i can. 

price under 90k? good, i can get more for my $
price over 90k? great, i can sell for more $

[Taskford]

it might drop into the 70 grand range in a month's time.

I do not think so (although anything can happen in the market), it will take serious negative news for BTC to drop at below 75-77k. BTC has already bounced twice from these levels forming a perfect double bottom, which is a sgn of bullish sentiments in the market.

Yes, BTC has bounced off these levels before, but what worked in the past doesn’t guarantee the same outcome in the future. The market is always changing, and while sentiment is bullish now, any unexpected event could break the trend. So, I wouldn't rely solely on past patterns.

prediction of the future from the past using patterns never works that well.

I spent years reading racing forms to pick horse 🐎 and at best I won once or twice a month and lost 20 days in the month.

People just find some basis and try to replicate about what happen from the past that's why they use past patterns then guess same result to happen. But didn't see some accurate result for using this and I am more comfortable seeking good basis for future events since we provably get good ideas about what possibly going to happen with Bitcoin at certain time discussed.

I can say that $90k is possible figure to reach since if we look at current figure we are actually near to that point and its not impossible for Bitcoin to reach that especially that we are there before then Bitcoin just need to recover certain value to step unto that figure again.

[memehunter]

Yes, BTC has bounced off these levels before, but what worked in the past doesn’t guarantee the same outcome in the future.

prediction of the future from the past using patterns never works that well.

People just find some basis and try to replicate about what happen from the past that's why they use past patterns then guess same result to happen. But didn't see some accurate result for using this

While it's true that you can not drive only looking at the side view mirror but if you totally negate it you have increased chances of accident.
My refference to double bottom pattern has similiar intent. You must be aware of strong support and resistance levels which indicate behavior of traders/investors at those levels in the past. This will help you to make better decisions.
One more thing every information we possess is about the past, technically.   

[iv4n]

📊 Where will Bitcoin be next month? Let's discuss

I'm not worried about that, it's Bitcoin after all. It will go up and down, but in the long run, most of us believe in a new ATH, it's just a matter of time.

I'm more interested in your forecast regarding BFG... the price is where it is, it's down a bit but it's holding up well. But what to expect in the coming months? Do you have any surprises up your sleeve that could affect the price?

[Pmalek]

We must be careful to choose a price and not cause false emotions , the volume and forms of BTC indicate that there may be a recovery,the US government will buy BTC over 5 years ,  it will want to do the same as El Salvador, that is good

That's only a proposal for now. Senator Lummis is proposing that they do that. Michael Saylor suggests that the US buy even more, but the government and Trump haven't made any commitments in that regard yet. They are looking for "budget-friendly ways" to acquire more bitcoin in the future.

Since the FED didn't cut interest rates and we are still not seeing the full effects of the tariff wars, I don't think bitcoin is going to go up much short-term. We might be in for some more downtrend.

[notocactus]

That's only a proposal for now. Senator Lummis is proposing that they do that. Michael Saylor suggests that the US buy even more, but the government and Trump haven't made any commitments in that regard yet. They are looking for "budget-friendly ways" to acquire more bitcoin in the future

There will be step by step to do this, and Trump does not have full power to sign all things he wants to do with Execution Orders. This thing, National Reserve and buying bitcoin for it, can not be done with an execution order. I guess so, because if it is possible, he would do that weeks ago already.

With this barrier, it will take a long time before we can see the USA. government purchasing bitcoin with national money.

Since the FED didn't cut interest rates and we are still not seeing the full effects of the tariff wars, I don't think bitcoin is going to go up much short-term. We might be in for some more downtrend.

Short term market movements will be very wild and unpredictable before Trump's policies are mostly out and effects from tariff wars become more stable and market familiarize with this kind of war. This 2025 year will continue very wildly and it's one of the most uncertain "bullish" year in Bitcoin history, or we will not have a bullish year in 2025.

[Pmalek]

There will be step by step to do this, and Trump does not have full power to sign all things he wants to do with Execution Orders. This thing, National Reserve and buying bitcoin for it, can not be done with an execution order. I guess so, because if it is possible, he would do that weeks ago already.

With this barrier, it will take a long time before we can see the USA. government purchasing bitcoin with national money.

It's not a one-man show, of course. But it's a positive signal in the right direction. The president can't do much here without the backing of the Congress and the Treasury department. And it's the Congress that needs to approve such purchases. Trump can't do it himself because he would be breaking the law. Senator Lummis was also talking about selling some of the US gold reserves to acquire bitcoin, but I don't see that ever working out or getting the needed approval.

I am also curious about what a "budget-friendly way" to purchase bitcoin looks like.

[notocactus]

It's not a one-man show, of course. But it's a positive signal in the right direction. The president can't do much here without the backing of the Congress and the Treasury department. And it's the Congress that needs to approve such purchases. Trump can't do it himself because he would be breaking the law. Senator Lummis was also talking about selling some of the US gold reserves to acquire bitcoin, but I don't see that ever working out or getting the needed approval.

Trump is the first US President wants to do this, and he might fail but he started it. Later another President will finish this plan for the USA, just matter of time. Like Bitcoin Spot ETFs were submitted about 10 years ago and many applications were refused but eventually we have a batch approval for a dozen of Bitcoin Spot ETFs in the USA in January 2024.

Sooner or later, in this presidency or future ones, the USA will add Bitcoin to its national reserve, and actually spend national money to purchase bitcoin.

[Don Pedro Dinero]

I am also curious about what a "budget-friendly way" to purchase bitcoin looks like.

It's actually called 'budget neutral way' and could consist, for example, of selling part of the 1.4 billion pounds of the cheese reserves they have and using that money to buy bitcoin. You don't increase the spending or raise taxes to do this. It could also be done with some of the gold in reserves, and I am sure there are other ways.

Back to the question Betfury was asking I'm not quite sure what the price will be next month. If I had to bet I would bet on more or less sideways, and in any case below ath. If we are talking about the whole of 2025 I am sure the price will go higher.

[Rruchi man]

This 2025 year will continue very wildly and it's one of the most uncertain "bullish" year in Bitcoin history, or we will not have a bullish year in 2025.

It is funny because just some months ago into last year there was a very big expectation for this year 2025 that Bitcoin would be very bullish, especially with the election of the United States president. That we are having this conversation at this moment where we are still uncertain about if 2025 is going to be a bullish year or not is funny. Just reminds me that there's a lot of uncertainty in the market, and while the market seems bearish right now, things could change in a few months, if not weeks, and get bullish again as we expected it to be. I'm holding on to this positivity.

[philipma1957]

There will be step by step to do this, and Trump does not have full power to sign all things he wants to do with Execution Orders. This thing, National Reserve and buying bitcoin for it, can not be done with an execution order. I guess so, because if it is possible, he would do that weeks ago already.

With this barrier, it will take a long time before we can see the USA. government purchasing bitcoin with national money.

It's not a one-man show, of course. But it's a positive signal in the right direction. The president can't do much here without the backing of the Congress and the Treasury department. And it's the Congress that needs to approve such purchases. Trump can't do it himself because he would be breaking the law. Senator Lummis was also talking about selling some of the US gold reserves to acquire bitcoin, but I don't see that ever working out or getting the needed approval.

I am also curious about what a "budget-friendly way" to purchase bitcoin looks like.

They could tax btc mining in btc.

Last month I spent 1800 usd on power I earned 3200 usd in btc.

So I made 1400 usd for February that is about 0.016 btc income for that month.

Flat 10% btc tax you pay 0.0016 btc for the month of February the remaining 0.0144 btc is yours and no tax due.

The government gains 0.0016 b t c for the reserve. Very budget friendly for the government

[btcltcdigger]

They could tax btc mining in btc.

Last month I spent 1800 usd on power I earned 3200 usd in btc.

So I made 1400 usd for February that is about 0.016 btc income for that month.

Flat 10% btc tax you pay 0.0016 btc for the month of February the remaining 0.0144 btc is yours and no tax due.

The government gains 0.0016 b t c for the reserve. Very budget friendly for the government

Well fck taxes on btc mining. You already paid taxes on the mining equipment, and are paying taxes on the electricity you spend.
Also, probably paying taxes on every dollar you spend buying food and groceries.

[memehunter]

They could tax btc mining in btc.

Last month I spent 1800 usd on power I earned 3200 usd in btc.

So I made 1400 usd for February that is about 0.016 btc income for that month.

Flat 10% btc tax you pay 0.0016 btc for the month of February the remaining 0.0144 btc is yours and no tax due.

The government gains 0.0016 b t c for the reserve. Very budget friendly for the government

Well fck taxes on btc mining. You already paid taxes on the mining equipment, and are paying taxes on the electricity you spend.
Also, probably paying taxes on every dollar you spend buying food and groceries.

Hahaha,
@philipma1957 I can see you are an experienced miner. So you pay taxes even if you are not converting those BTCs in fiat? I wonder if the government can even ensure tax on mining as it will be hard for them if miner is not using any exchange or convertng funds  into a banking system.
Two more noobish question, are you profitable after paying rent and maintenance? What is the electricity cost?

[BetFury.com]

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[philipma1957]

They could tax btc mining in btc.

Last month I spent 1800 usd on power I earned 3200 usd in btc.

So I made 1400 usd for February that is about 0.016 btc income for that month.

Flat 10% btc tax you pay 0.0016 btc for the month of February the remaining 0.0144 btc is yours and no tax due.

The government gains 0.0016 b t c for the reserve. Very budget friendly for the government

Well fck taxes on btc mining. You already paid taxes on the mining equipment, and are paying taxes on the electricity you spend.
Also, probably paying taxes on every dollar you spend buying food and groceries.

Hahaha,
@philipma1957 I can see you are an experienced miner. So you pay taxes even if you are not converting those BTCs in fiat? I wonder if the government can even ensure tax on mining as it will be hard for them if miner is not using any exchange or convertng funds  into a banking system.
Two more noobish question, are you profitable after paying rent and maintenance? What is the electricity cost?

I profit about 1000-1500 per month.

I sell as little as I can.

I hodl as much as possible.

At times mining is amazingly good. Other times it is meh and sometimes it sucks bigly

With the down turn from 105k to 87k profits dropped.

Am I a fan of taxes no but I am locked in to USA economy.

As my pensions and my wife's pension are all USA fed government based.

So I make sure to pay taxes.

It is hard to show math as to why and how I can make mining with a host at 10 cent a kwatt work. But it does.

Careful use of USA tax laws helps at my level of gear invested (40k) I get a 13K tax write off.

and I  sold a lot of btc at a loss in 2022 so I have 50k that I can write off.

Thus I sold .3 btc at 105k the cost was about 65k a coin so that would be .3 x 105 =  31.5 k minus .3 x 65 = 19.5k

so the cap Cains are 31.5- 19.5 = 12k which will write off due to the 50k cap gain credit I have

so no tax on 12k of the 31.5k

and the 19.5 k cost (gear and power)  makes that completely 31.5k tax free.


You should see my tax returns 200 pages is normal return length.

It is pretty stupid on my government's part to tax me  and make me do a 200 page return.

I don't think I ever earned 100k mining  in any year from 2012 to now.  But all the tax returns are nuts.

[Fivestar4everMVP]

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A big congratulations to the dude, that is a life changing sum of money right there, and times I see things Like this, it makes me want to deposit every thing I have into the Casino and try my luck as well, but on a second thought, I always pause to think and imagine what if I end up losing all the money? 😁

Anyways, always good for us all to never try to exceed the limit of how much we are sure we can lose and don't go crazy about it, winning in gambling is all about being lucky and we all can not be all lucky the very same day.

By the way, I think it would have been more interesting if you guys will always endeavor to say or mention the amount of money the user initially deposited into the casino and played with before arriving at this amount in winnings, this will tell if the celebrated user is indeed in profit or perhaps in loses.

[Pmalek]

A big congratulations to the dude, that is a life changing sum of money right there...

That's subjective and really depends on where you are from. Don't get me wrong, $17k is an excellent win, but I wouldn't call it life-changing. Since I am in Europe, the average European annual salary is about €35-40k. This win is around half of what you would earn working and living in the EU. It's not the same everywhere, of course. If you reside in countries like Moldova, Romania, Bosnia, Serbia, or Bulgaria, this win looks more like what you would earn the entire year.

[crwth]

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[Strongkored]

Fantastic wins! This makes me want to play more and I feel like it can give me the one I’ve been waiting for, the big one. The jackpot. Maybe next time I will be posted here as well, LOL.

You should do it immediately if you win the jackpot because the betfury account will also post it as a form of promotion.
Playing more often can make the chances of winning the jackpot more open but you may have to calculate carefully whether the money spent to chase the jackpot does not exceed the prize obtained because the jackpot is not something that you will easily get.