2024 will determined bitcoin fate - page 7.

Faisal2202

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Quote from: FiveG on July 02, 2023, 10:28:39 AM

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.

There is a technique known as hand cunning law in which one person spreads or tells false answers to the person from whom he wants to get a current answer. And I think you are doing the same by making false statements which I had bolded in your post above.

1. First one is BTC does not start its bullish trend after every five years it starts its bullish trend after every 4 years when the halving starts and I do agree sometimes a bullish run does not start even after the halving it like takes some time and fall into 5th year but this happens merely.

2. Last surge in BTC price was not in b/w 2017-2018, it was in 2021 which was the last Bull run of BTC.

3. The last one is, BTC would reach 40k to $50k top in 2024 which probability is very less because it is being predicted by analysts and institutional investors that the incoming 12 months will not give BTC that much value which means the next surge might fall into 2025's first quarter.

Well, I am also not saying the same will happen as I mentioned above because it is just my speculation so please DYOR too.

Silberman

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Quote from: FiveG on July 02, 2023, 10:28:39 AM

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.

Look at the charts, at the early stages of the covid pandemic bitcoin went as low as 3k and the ATH went all the way to 69k, if that is not an explosive growth then I do not know what it is, so you have your facts wrong and as such your conclusion is wrong as well, as even if 2024 is the year in which the halving will happen most likely a new ATH will not be reached until 2025, so I doubt 2024 will be as decisive as you make it out to be.

DeathAngel

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Quote from: FiveG on July 02, 2023, 10:28:39 AM

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.

Z-tight

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Quote from: FiveG on July 02, 2023, 10:28:39 AM

Many expectations of bitcoin this year failed,

The first sentence of your post does not make sense, much like the rest of it. I don't know what expectations you mean but if you wanted to become rich immediately because you bought BTC, i'm sure you have learned a hard lesson. The only guarantee you have when you buy BTC is that it is a censorship resistant currency and you can use it freely without anybody's permission, as for the price, it is volatile and you cannot predict or be sure that it will give you revenue when you hope for it.

Ryu_Ar1

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I don't know, I'm just enjoying my journey in bitcoin despite all the analysis it all comes back to speculation and the odds are definitely only two between right and wrong it would be great if your analysis is right but it won't really be a hundred percent accurate.
I don't really care about all the talk about things like this actually because we already know for sure that things like this are very difficult to predict.
When it comes to the fate of bitcoin obviously I don't think it determines anything because at the end of the day I still feel that regardless of what happens in 2024-2025 and the worst case scenario doesn't lift then everything remains the same as it is today with many going to be in bitcoin just that the halving is definitely one of the hopes at least for me right now. But regardless of how it will be in the coming years I will still be the same trying to enjoy my journey until my target is actually reached.

Blitzboy

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As we crave a 2024 crypto upswing, caution shouldnt wane. Cryptocurrencies, especially Bitcoin, dance with volatility. Factors? Market feelings, law updates, tech progress, among others.

However, lets recall blockchain's grand potential - Bitcoin's backbone. Its capacity for decentralized, transparent, and secure solutions fosters sector-wide transformation.

So, while eyeing a 2024 price eruption, investing in blockchain understanding and support remains vital. This method boosts possible monetary rewards and propels this revolutionary technology.

Crypt0Gore

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Wrong analysis, you are a newbie for sure and that's why you need to learn before trying to teach on this forum, if you are not certain of something, it's better you ask instead of forming something you don't know much about.

You said that many expectations for Bitcoin have failed but honestly, none have failed so far, it's all the beginning of a bear market in 2022, if anyone is expecting anything from Bitcoin right now knows nothing about crypto market cycle.

Your calculations are all wrong, you should have ask questions first before coming up with this explanation.

ajiz138

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Thread title decides Bitcoin fate? What do you mean by this? Ignore it.

You didn't see the data in 2021 where the bitcoin price reached ATH $68K, so I think it's too far to compare with the events in 20217/18 it has gone through two cycles with the halving now.

It has been widely predicted that after the halving bitcoin will experience a fairly high increase, we will not be curious about that because we are only optimistic that bitcoin can surpass the previous ATH price and return to its highest price again.

20kevin20

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Quote from: _act_ on July 02, 2023, 10:43:20 AM

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.

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

kryptqnick

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I honestly have no idea how the op managed to miss the 2021 bull market, but the funny thing is that I did my own calculations based on the last few bull markets and I also settled on sometime in 2024 for the bull market. Of course, there isn't nearly enough Bitcoin history for it to count more than anecdotal evidence, but it makes sense to me that 2023 will still be in the red, but at least at some point in 2024 we'll see strong signs of recovery.
2024 will be there pretty soon, so I guess we'll see. But also, I don't think it will determine Bitcoin's fate. After another bull market, we can easily see another bear market, Bitcoin losing up to 75% of its value and all that.

Bitstar_coin

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It gets really tiring and exhausting reading all these one man self analysis about btc, everyone thinks they can predict and tell what btc price will be next.
It seems the @op was off-the-grid in 2021/22 not to recognise such significant price movement. Yeah 2024 will determine btc fate as to whether it will be permanently buried or not. Thanks for the heads up. Cheesy

Zaguru12

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Quote from: FiveG on July 02, 2023, 10:28:39 AM

Many expectations of bitcoin this year failed,

I doubt that, except maybe People that have set too high expectations. Because if we look at the price of bitcoin late last year which was around $16k, then with the current price around $30k now rising to around 2x the price, we could say the year has been quite good because the year before the bitcoin halving is always faced with dumps

Quote

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 doubt this analysis because bitcoin has actually raised from march 2020 at price of approximately $4k to close to 69k the following year which is quite a pump. I would say the kind of high price pump you are talking of actually happens due to halving every four years and not five years and this time it is expected to happen in 2025 since the halving is next year

thecodebear

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What are you talking about?

No the interval isn't five years. The market cycle is four years, and followings the halving cycle. Last big market cycle bull run was not 2017, it was 2021. Next one will be 2024/25.

And no, this doesn't determine Bitcoin's fate. Bitcoin is continuing to grow like it always does, and go through its 4 year market cycles like it always does. Nobody is wondering or worried about Bitcoin's fate.

_act_

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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.

FiveG

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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.

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