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Topic: 2024 will determined bitcoin fate - page 6. (Read 1061 times)

member
Activity: 467
Merit: 61
July 02, 2023, 09:29:16 PM
#35
in the world of crypto there is always a bear market and a bull market, and because of this I see the uniqueness of the crypto market that makes me interested in investing in btc. but what I know is that the highest price of btc during the BUL RUN is in 2021, just try to check again with you.
I don't think we will know with btc at the 2024 HALVING, but I expect in 2024 and 2025 the price of btc will go up a lot.
but in this case we have to be good at setting strategies because investing in btc requires a good strategy.
jr. member
Activity: 50
Merit: 8
July 02, 2023, 09:20:57 PM
#34
Another shitthread made by a newbie who doesnt know nothing.

Man all the years we see this kind of stuff and threads related, the next year other guy comes and say "2025 its gonna be....." like you say most of predictions fails and this its other predictions so by your own logic this its gonna fail.

I know i sound really harsh but its the truth.
full member
Activity: 504
Merit: 144
July 02, 2023, 09:02:58 PM
#33
Many expectations of bitcoin this year failed, but I notice that bitcoin always brekout into a new price after interval of five years, the last massive explosion of price was between 2017-2018 and since then, bitcoin has not record major price increase.
In 2017 - 2018 bull run, Bitcoin has x20 rise. In 2020 - 2021 bull run, it has like x3 rise. From $1000 to $69,000 within 2017 to 2021 is very big growth. It can not have a stable x20 growth for every four year bull run. When the price is higher and higher, I expect that its bull run in future will have become smaller and smaller.

Quote
Now if you calculate from 2018 to 2023 that's about 5 years though because of policy of economic inflation and influence the price has not gain its actual strength to break resistance limits
From $1,000 to $69,000, it is x69 for your capital if you hold. Do you expect it will break a 2020 - 2021 all time high in a bear market? Be realistic please.

Quote
if the remaining quarter of the year fails even more, then we should expect 2024 to 🔥🔥🔥🔥🔥🔥 fire. We should start to make plans for 2024 more buys more gains.
What does it mean?

You sentence sounds like you will be disappointed if it falls more, fails to break resistances.

Bitcoin: Bull and Bear market durations and price performance 365 days after halving.

legendary
Activity: 1526
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July 02, 2023, 09:02:05 PM
#32
Many expectations of bitcoin this year failed, but I notice that bitcoin always breakout into a new price after interval of five years, the last massive explosion of price was between 2017-2018 and since then, bitcoin has not record major price increase. Now if you calculate from 2018 to 2023 that's about 5 years though because of policy of economic inflation and influence the price has not gain its actual strength to break resistance limits and if the remaining quarter of the year fails even more, then we should expect 2024 to 🔥🔥🔥🔥🔥🔥 fire. We should start to make plans for 2024 more buys more gains.
That interval time is always happens on the US elections time, and because of that the prices always fluctuate following new policies from new government. we shouldn't panic and have to calm down to follow the situation because circumstances always turn around and give benefit to holder. Sometimes a new policy take impact on front only, because it will adjust the situation, after that, a week, a month and year, that impact is slowly down following the bitcoin price starting to rise again.
legendary
Activity: 3024
Merit: 2148
July 02, 2023, 06:31:34 PM
#31
You aren't telling us anything new when you are pointing out that a halvening is coming soon, and traditionally it meant a bull run.

But what you and everyone should remember is that patterns may or may not hold. If a pattern is backed by some mechanism, then it's a rule. If not, than it's just a pattern that will likely break at some point.

It's not clear why Bitcoin was having these bull runs in the past. Was it the objective effect of reduced supply coming from mining, or was it more of a self-fulfilling prophecy?
sr. member
Activity: 1498
Merit: 443
July 02, 2023, 06:21:39 PM
#30
-snip-the last massive explosion of price was between 2017-2018 and since then, bitcoin has not record major price increase.
The last bullrun was in 2021, BTC hits $68k-$69k. 2022 and 2023 are the bearish time, it is the wrong time to expect a major increase. You need to check again the schedule of bearish-bullish season, set a realistic target on the right time.

Here are the previous bullrun seasons and the next bullrun schedule. (4 years cycle)

2010
2011
2012
2013

2014
2015
2016
2017

2018
2019
2020
2021

2022
2023
2024
2025

Now if you calculate from 2018 to 2023 that's about 5 years though because of policy of economic inflation and influence the price has not gain its actual strength to break resistance limits-snip-
The next bullrun schedule is in 2025, why do you count it from 2028 to 2023? It should be from 2022 to 2025.
Anyway, the current economic situation seems to bring no impact on the bullrun scheme. In 2021, we were experiencing Pandemic and the economic situation was getting worse. But bullrun still happened in 2021 and the bullrun season still came as expected.

legendary
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July 02, 2023, 04:56:04 PM
#29
Many expectations of bitcoin this year failed, but I notice that bitcoin always breakout into a new price after interval of five years, the last massive explosion of price was between 2017-2018 and since then, bitcoin has not record major price increase. Now if you calculate from 2018 to 2023 that's about 5 years though because of policy of economic inflation and influence the price has not gain its actual strength to break resistance limits and if the remaining quarter of the year fails even more, then we should expect 2024 to 🔥🔥🔥🔥🔥🔥 fire. We should start to make plans for 2024 more buys more gains.

Are you sure you had looked at the Bitcoin price history?  It looks like you year interval is not spot on.  Bitcoin got its ATH on 2013, 2017, 2021, so it is 4 year interval, the year 2024 is for the halving and many hope that the year 2025 will be another all-time high record-breaking again.

Quote
the last massive explosion of price was between 2017-2018 and since then, bitcoin has not record major price increase

Are you sure about this?  The last time I look Bitcoin records its ATH last 2021 how can you say that Bitcoin does not record major price increases after 2018?  I think you need to look at the price history again to make sure that you won't mess up on the year next time.
hero member
Activity: 966
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July 02, 2023, 04:20:31 PM
#28
Many expectations of Bitcoin this year failed, but I notice that Bitcoin always breaks out into a new price after an interval of five years, the last massive explosion of price was between 2017-2018, and since then, bitcoin has not recorded a major price increase. Now if you calculate from 2018 to 2023 that's about 5 years though because of the policy of economic inflation and influence the price has not gained its actual strength to break resistance limits and if the remaining quarter of the year fails even more, then we should expect 2024 to 🔥🔥🔥🔥🔥🔥 fire. We should start to make plans for 2024 more buys more gains.
You need to do more research regarding the previous bull and bear market cycles to come up with a better explanation for this, From your analysis, it seems like you were not there during the year 2021 bull run that got us to 69k.

Yeah almost everyone is looking up to 2024 Bitcoin halving but I don't think it is going to be 2024 that Bitcoin may likely make new ATH, the reason is that the market moves in a corrective way,  so before we see new ATH kickstart officially it will enter 2025 in my opinion.
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July 02, 2023, 04:01:12 PM
#27
Many expectations of bitcoin this year failed,

Yes, many newbie Bitcoiners expectations failed this year, and I can agree that's the right statement to use. Quite a lot of old or experienced Bitcoiners have been used to the market and price history of Bitcoin, and some Bitcoin analysts usually read the candle of Bitcoin and are able to predict a close price of what the next Market trend can be, despite the fact that they are not always accurate in the price prediction. At least a lot of Bitcoiners know when the bear market is in play and they expect less, but when the bull market is set to come, that's when expectations are big, like the way some people are beginning to say that the next bull market will create a new all-time high for Bitcoin.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺
hero member
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July 02, 2023, 03:33:42 PM
#26
Let say bitcoin price throughout last year is when we experience bearish and if this your analysis come up that time i would have embrace or welcome this your analysis, because i noticed that Bitcoin since this year Bitcoin is showing positivity and comparing the increment of Bitcoin in 2017 and the increment of bitcoins now, i will say is totally different because i believe that Bitcoin price now have not reach to that specific or particular price, but what i know is that Bitcoin have been doing well since this year and we are expecting such increment of 2017 to happen in 2024 and 2025
legendary
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July 02, 2023, 02:19:28 PM
#25
It appears that you overlooked the significant bullish trend in 2021. However, I don't necessarily agree with your calculations. Bitcoin seems to be in a bullish mode at the moment and could experience a price surge at any time. All it needs is a few positive news events and increased adoption. We witnessed how the price of Bitcoin jumped from the $25,000 zone and has since maintained strong positions. I firmly believe that we should prepare for another bull run that has the potential to surpass previous records.




hero member
Activity: 826
Merit: 481
July 02, 2023, 02:13:29 PM
#24
You are analysing wrongly. Check 2020 and 2021 and see what bitcoin price were. Bitcoin hit all-time-high in 2021. So how come your statement that 2017/2018 was bull year for bitcoin is correct?

2018 was a bear market for bitcoin, just like 2022.

But many people are expecting 2034/2025 to be great and expecting all-time-high because of bitcoin halving. Psychologically, people think bitcoin price will increase after halving.
That is the fact I think the ops seems have confused the bear market year to the bull market and his thoughts are driven by the 2017-2018 bull market where Bitcoin reached $19,000+ before it slide back into a long period of a bear market.


2021-2022 saw Bitcoin touching another price high that has not been broken up till now unless Bitcoin breaks a new high above the 69k-70k it recorded in the last bull market price.


So from all analysis of the matter, I think ops is an off point and is out of the base to say that ever since the period he mentioned that Bitcoin has not recorded any remarkable price movement even in the recovery direction.
sr. member
Activity: 546
Merit: 342
July 02, 2023, 02:09:45 PM
#23
Many expectations of bitcoin this year failed, but I notice that bitcoin always breakout into a new price after interval of five years, the last massive explosion of price was between 2017-2018 and since then, bitcoin has not record major price increase. Now if you calculate from 2018 to 2023 that's about 5 years though because of policy of economic inflation and influence the price has not gain its actual strength to break resistance limits and if the remaining quarter of the year fails even more, then we should expect 2024 to 🔥🔥🔥🔥🔥🔥 fire. We should start to make plans for 2024 more buys more gains.

2024 will probably be a pretty smooth but not parabolic uptrend. I expect 2025 to be the year that bitcoin really moons for this cycle so we have a little time to go until the fun really starts. Cheap coins are still a thing, probably a good time to load up whilst we’re still under $50,000.
I also think thats how the whole cycle will play out but no one can tell as all this are just mere speculation on the much expected halving which is supposedly going to take place next year. But the previousl halving was 2020 but the whole pump up of the price didn't actually happen in 2020 but it took place in 2021 where the price actually sky rocketed to around 68-69k and I know every bitcoin is eager to see what the next halving has installed in terms of folks actually hoarding BTC.
hero member
Activity: 2842
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July 02, 2023, 02:00:07 PM
#22
Many expectations of bitcoin this year failed, but I notice that bitcoin always breakout into a new price after interval of five years, the last massive explosion of price was between 2017-2018 and since then, bitcoin has not record major price increase. Now if you calculate from 2018 to 2023 that's about 5 years though because of policy of economic inflation and influence the price has not gain its actual strength to break resistance limits and if the remaining quarter of the year fails even more, then we should expect 2024 to 🔥🔥🔥🔥🔥🔥 fire. We should start to make plans for 2024 more buys more gains.

I'm sorry but the bull cycle is like every 4 years, 2017 -> new all time high $19,+++, next in 2021 new all time high, $68,+++. So if the pattern continues then 2025, we might see another all time high.

So I will suggest to you to look back and bitcoin's past performance.

As for you advise of buying more, yeah, do DCA. But the best time to buy or accumulate is at the start of the bear market. But then again, we still have less than a year before the halvening so it's not too late.
full member
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July 02, 2023, 01:49:54 PM
#21
Don't forget that the price of BTC is unpredictable, it can still decrease down through out this year and next year just to disappoint those that think the price used to increase every five years. I guess there will be massive pump before the end of this year because, we have seen massive moved of BTC price from $17k to $30k that made many people believed that this year and next year will be a better year for BTC investors because the price show good signal early this year . If you have money, I will advise you to use this period to buy BTC and hold because there will be steady pumping that will last till next year before the price will decrease down again.
sr. member
Activity: 770
Merit: 445
July 02, 2023, 01:31:39 PM
#20
Many expectations of bitcoin this year failed,
I don’t know the bitcoin exception which failed you, what have you been expecting from bitcoin that already failed you,  because have not been expecting anything from bitcoin, and bitcoin Haven’t failed me in anyway, by the way this is just the middle of the year so how did bitcoin failed you, because I know the only thing you mean by bitcoin failed you is that bitcoin price haven’t pumped massively yet.

but I notice that bitcoin always breakout into a new price after interval of five years, the last massive explosion of price was between 2017-2018 and since then, bitcoin has not record major price increase.
What are we going to call what happened at the end of 2020-2021, when bitcoin hit the new all time high, was that not a breakout? I don’t know where you got your information from, but what you said here is completely wrong and nobody knows when the next break out is going to happen, but you claiming it’s happening every 5 years is completely wrong.


then we should expect 2024 to 🔥🔥🔥🔥🔥🔥 fire. We should start to make plans for 2024 more buys more gains.
Don’t make your expectation high in any year, don’t have a fix year that you think bitcoin is going to pump, just always have it in mind that bitcoin can pump or dump any moment, but you thinking bitcoin will pump by 2024 is wrong, if bitcoin didn’t pump you will end up being disappointed.
jr. member
Activity: 83
Merit: 2
July 02, 2023, 01:29:48 PM
#19
Here’s how I see the halving-price correlation:
Quote
- 2012 halving 2013 ATH
- 2016 halving 2017 ATH
- 2020 halving 2021 ATH
- 2024 halving … you get it Cheesy

To buttress your point with real time values Bitcoin halving is analytics prediction from Bitcoin trend observers and it's has been kind of falling in place as predicted and from the analysis below truly we'd be looking at 2025 for a mooning or what we call bullrun in Bitcoin price. Take a look at the trend over the years of bitcoin price below:
bitcoin (btc) halving:
Quote
2012 btc halving
price = $182
after a year = $510
2016 btc halving
price = $661
after a year = $2,600
2020 btc halving
price = $8,600
after a year = $58,000
2024 will be the next halving...
new millionaires will born..the only challenge will be that our impatience and maybe lack of capital to buy coins and keep may hinder!
hero member
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July 02, 2023, 01:22:37 PM
#18
2017-18 was massive for Altcoins. LTC AFAIK hit $300 that time, its why it's such a disappointment that in 2021 it didn't.  But the newer altcoins are pumping more. If we have to believe OP, I guess its time to buy the altcoins that have been underperforming since but have been up and running still despite all-year bear market.

If there is something that Shitcoiner will give a shot, it must be DOGE and SHIB, they stay afloat in the top 20.
hero member
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July 02, 2023, 01:20:18 PM
#17
The 2024 will be the expected year of most of the traders.We can’t assure that the year going to rock,but surely we can able to get some market pump.Because the supply of the bitcoin from the mining was stopped and fixed amount of bitcoin was circulating in the crypto community.So it’s expected to increase the demand in next year.It’s only reason for which the old experienced traders holding their money in the bitcoin as compared to other coins.
legendary
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July 02, 2023, 01:17:32 PM
#16
Here’s how I see the halving-price correlation:
- 2012 halving 2013 ATH
- 2016 halving 2017 ATH
- 2020 halving 2021 ATH
- 2024 halving … you get it Cheesy
You're absolutely right on the timing for bull rally. I witnessed the 2017 and 2021 ATHs and how they played out and later went into bear rally a year after ATH. I've come to conclude (as it were now) that the bullish run begins to manifest a year before Bitcoin halving and then gets to its crescendo a year after halving. We're in 2023 (pre-halving year) and Bitcoin isn't showing any sign of weakness. It goes to show how prepared investors are gearing towards getting in before the halving year itself. Of course, the expected rally that will take Bitcoin to an unprecedented height in 2025 will be without comparison. I want to believe that newbies to this industry are already preparing themselves for 2025 to enjoy the momentum by making investment a priority.
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