Topic: 2024 will determined bitcoin fate - page 4. (Read 1073 times)

The 2017- 2018 ATH was awesome because I just joined this forum then and it was a good time to have invested and make a profit in less than 6 months, I'm not disputing the fact that we has another in 2021 but my claim is that even for an individual that bought bitcoin then at the rate of $17k thereabout is still making a double profit by now if still holding. So either fate or no fate, you still holding the coin at the time when there is a pump in price is the point.

What do you mean?
If you mean bullrun or bullish to happen in 2024, it is likely to happen. So far, it never failed, bullish season always happened after the halving. But when BTC to hits a new ATH, no one really knows it. It can be in 2024 or in 2025, it may depend on the situation on the market or the news around crypo/BTC.

2022 should be the best time to buy or collect more Bitcoin. You must remember that BTC even dropped to $17k in 2022. Since the early of 2023, BTC price has increased a bit, it raises to $19k-$20k. If someone wants to accumulate Bitcoin as many as possible, it should be the ideal time in 2022. You already missed the best time to buy if you just plan to buy now. However, it is not too late since BTC price is still at a cheap rate.

Not an enough basis. Also, next year would still be too early to determine the fate of this industry in general, including Bitcoin. There are still a lot of room for improvement. The anticipated Bitcoin halving won't be the only thing to decide for this industry's future or even Bitcoin. Overall addoption on its usage would be more likely to determine what will happen in the future. Recently   banks are opening the door  even if it is thru third party, for cryptocurrency transactions. Still, it is a good thing given that there are issues between cryptocurrencies and baanking institutions. If other countries or alike institutions would be putting trust in this industry, then there's really a bright future for this technology.

It wasn't new to hear rumors and negative expectations during the bear season but guess what, these people become optimistic when the bull season started. And if you get fall into their wrong assumptions, you will also be thinking negatively and join their crusade.
In fact, we saw the price of Bitcoin is moving high and this will continue when the halving comes and the next is a bull run. This year 2023 is not really good to see but next year, that is somewhat more exciting - whether it was fate or not, the rise is certainly going to happen.

The topic made it sound as if something bad was going to happen or is to be expected come 2024.
The fate that is well known is just the Halving. It is programmed already as an event to ensure BTC reaches the 21million mark as at the right time/year stipulated.

Nothing bizarre or extraordinary is expected to happen, except for those who become millionaires and billionaires from gains in the expected bullish season after the halving. Try a DCA investment strategy from now till let's say the late half of the year 2024 and trade it, if you intend to make quick gains or compound for long term profit.
Making the right investment plans prior to this open secret is what would determine your own Bitcoin fate, not the fate of BTC as a cryptocurrency on its own.

I see that you have some erroneous ideas in your analysis, as several of the community have already told you... On the other hand, I think you want to refer to the Bitcoin Halving, which is an integrated function of its algorithm, which is activated every four years and What will happen specifically in April 2024 when the number of blocks reaches 740,000.


The graph shows in more detail what I had told you about, you will be able to notice the behavior in previous years in relation to what was described above.

Source: https://www.ig.com/en/bitcoin-btc/bitcoin-halving#:~:text=The%20next%20bitcoin%20halving%20is,from%206.25%20to%203.125%20bitcoins.

Source: https://www.coolwallet.io/bitcoin-halving-2024-halvening-of-btc-mining-rewards-price-prediction/

It's funny when people cartoonishly deflates the essence and value of bitcoin over its price. There were people here who bought bitcoin when it was worth peanuts, there were people here who bought it when it was skyrocketing, does it change the fact that bitcoin was a revolutionary monetary tool that could help bridge people from across the planet? No, I don't think so. I think the essence still remains and even if bitcoin were to drop to the ground like roadkill on 2024 people will still believe in it, because there's use for it and people will find ways.

It's fair that you're thinking bitcoin's fate is decided on 2024 but keep in mind that before bitcoin became this big, it's a monetary tool that was made for the people without any drawbacks or conditions. People like me who saw past the glitter will continue to believe in bitcoin even if it went for a cent tomorrow.

In what aspect are people expectations failing them this year? We are still in 2023, not really in 2024, for people to have high expectations for the halving and bull run season.
For many, their only goal this year is to accumulate bitcoin or to apply a DCA strategy until the bull run begins. Most crypto investors are operating in this manner.
The halving season, which is scheduled every four years, not every five years as you claimed, is when bitcoin reaches a new ATH after the halving. 
After the last halving in 2020, bitcoin reached a new ATH of $69k in 2021. The upcoming halving will take place in 2024. By 2025, the price of bitcoin will likely changed again to a higher ATH. that might be a $100k bitcoin as speculated by many. 

where you got this false information that Bitcoin record ATH in year of 2017-18 and till then Bitcoin has not shown any big positive moment. if we put one glance on btc yearly chart then it clearly show that Bitcoin reached 19000$ in 2017 and then market crashed and btc dumped to 2k, after that it start recovering and make ATH in 2021. now OP totally misguided by someone. it is true that after every big dump btc recovered and made ATH and Its quite possible this time too because halving will be in the next years which will increase further demand. This halving will increase the btc buyers as we seen in LTC it has performing for one month. I request OP to properly research once again and edit your post with correct information.


Image Source

You missed 2021 that we saw Bitcoin reached the highest price that it has since the invention of Bitcoin. The price was between $69k, it traded at different price but it didn't cross to $70k on any well known exchange that's been tracked by coinmarketcap some exchange traded$69500 while others traded higher or lower. Bitcoin has a cycle of four years and not five. The price in 2017-2018 was $20k before it got the highest price at $69k in 2021.

2024 which is next year is the year of halving, the price of Bitcoin will rise next year but we shouldn't expect anything out of the ordinary for the price of Bitcoin. There's always a mixed reaction for the price of Bitcoin during its halving year as the market might correct right after.

Op your knowledge on Bitcoin is very low so I advise you to go and make some reading and some research more so that you make some reasonable contribution. If you carry this knowledge go further it will affect in the forum. When I came to the forum on the month not April 2021, Bitcoin price was still high at the rate of $40+k and that was a good price as of then, and according to others in 2021 the price was $60+k so I don't know where you got your statistics from.

Through out last year till now, all the predictions are saying that Bitcoin will rise to it bull price in 2024 and 2025 and here your are saying no. Infact I have not seen anyone predicted that Bitcoin would meant it bull market in the year 2023. You are the first person I am seeing to say that.

Are we just dismissing 2021 because it wasn't a "massive explosion in price"? So we're now only going to sit up when price goes... what, x10? $300k BTC in 2024?

And oh, price determines Bitcoin fate? Someone forgot to send me the memo, I've been using Bitcoin at $68k and at $400. How unfashionable of me and all the people I know using Bitcoin!

if this year's price is not in accordance with the investment planning you expect, then you just have to wait and keep holding it in the next year. and if the next year that you are waiting for is still not achieved then you will wait for the next year. you may have a plan but no one can really know the success of the investment plan you make.
Bitcoin has grown very significantly because of the trust from holders. and it will always be valuable even if there is a downturn that is not what we expected.

Bitcoin ETF approved + Halving will make the prices go to the moon. It's just a matter of time before things will go our way but there are signs that it's already happening the fact that Halving will happen next year. The governments are already up to making some changes to the regulations, especially in Europe.

We expect a bull run soon but it will really disappoint a lot of investors if all these are not going to happen after halving. Every bull run is different though so this is like the super cycle bull run that they are saying, we are going to be rich!

But we shouldn't get our hopes up and let alone make us deploy our wealth towards bitcoin on the pretext of being consumed by the sentence 2024 bitcoin will reach its peak again, it's important to be mature and have a strategy in investing in bitcoin because if you have too much hope in something that moves freely like the bitcoin market it will make you disappointed if not as expected.
Confidence is good, but awareness is also important, invest as much as you can afford, it could be that bitcoin needs more time to return to its ATH, like the end of 2025 for example, of course you need another year to wait.

By the way, talking about the increase, Bitcoin has done it to this day from its lowest point at the end of 2022, NormalMunkkin's increase will also be there in 2024, but don't expect a new ATH and you will be successful because of that

We will experience halving next year so that year will be skyrocket. We did not see huge pump this year but we can say that present year is better than previous one so coming year will be better than current year therefore hope for the best and all will occur smoothly.

2022 was not a good year at all but as we look towards 2020 and 2021 so there was increase in price. The bad year is that year in which no increase occurs and not a single individuals get profit but instead of 2022 in every year holder of bitcoin earn huge profit. As you are talking about five years of duration that cycle repeat itself so I think that halving period is four years and halving repeats itself after four years and we are waiting for 2024 to see our next successful year.

Many predict that the value of Bitcoin will increase again in 2024, because the journey of bitcoin in times of crisis we have gone through several years that we have passed, although this is not certain to happen but we as crypto users must prepare ourselves to invest in several potential coins, especially bitcoin so that later everything we want we can get, Use the best opportunity possible so that later we are in one of the people who taste success.

What makes you think that many of these bitcoin hopes have failed this year?

In my opinion, the current year is being lived, bitcoin continues to experience a fairly significant increase. Because at the beginning of January, the bitcoin price at that time was only around $ 17k, and now at the beginning of July the bitcoin price has reached $ 30k. In my opinion, with a price increase that reaches that much, bitcoin has experienced a fairly significant increase. So if you say, this year bitcoin has failed a lot, on what basis?

And in 2017 towards the beginning of 2018, at that time bitcoin did experience a very large increase in price at that time. From what I know the price of bitcoin in 2017 was $19k-$20k, and that was a big increase in market price indeed. But if you say bitcoin there hasn't been a big increase after that, maybe you forgot when bitcoin halved bitcoin in 2020 and experienced its highest price in 2021 in the price range of $ 64k. And that is the highest bitcoin price in history to date.
Maybe that's what many bitcoin investors want, buying as much as possible so that when bitcoin reaches a high price it can reap huge profits. Because in 2024 the halving will indeed occur that year, but everything is still in the shadows and no one knows what will happen to the bitcoin price that year. whether the price will experience a big increase, or just an ordinary increase. It's all still a secret, the most important thing as a bitcoin investor is to keep thinking positively.

If you calculate the calculation of the 4 year cycle, then the answer is that the most likely Bitcoin reaches the new ATH is that there is 2025, because ATH was previously created in 2021, I would also approve this if it was according to the 4 -year schedule, but that was not necessarily true it could be faster Before entering in 2025, or maybe more late, because we do not know what syntheses make Bitcoin rise at this time.

For example, if Bitcoin in the next one month is received in various countries, and many who echo Bitcoin, could be one month afterwards Bitcoin touched the highest level of the new level, beyond the technical calculations on the increase and decline in crypto prices could be encouraged with news sentiment. So it's quite difficult to predict, even though we have a schedule in 2025.

We are all too familiar with the terrible fluctuations of the Bitcoin price. Even volatility becomes the characteristic that people refer to for this digital currency in particular and the whole market in general. During the last recession of 2018, Bitcoin fell from nearly $20,000 to just over $3,000 per coin. But, just over the past 2 years, this digital currency has had a spectacular breakthrough with a price of up to 68,000 USD, nearly 3.5 times higher than the old peak. At the moment, the bitcoin price has dropped and is currently at 31.00 USD, but because of that, bitcoin has always been considered a mystery.