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Topic: Another opportunity is coming, a time to hold - page 5. (Read 1398 times)

hero member
Activity: 1582
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We are talking about the next 3 years and nothing is still clear for us during these years, even if the data is correct and the people of Canada start moving on bitcoin for the next 3-4 years we cannot be sure if they won't change their mind until that time, however, this can be a positive signal for people who are looking for a hold signal for long erm but regardless of that of you look the chart of bitcoin in the long term that's bullish and the data from Canada is technically not necessary for the bitcoin holders.
hero member
Activity: 2940
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It's encouraging news and information like this would give that advantage to those that have been thinking that the market will eventually go back. Well, those that have been saying that the price of bitcoin won't rise again and wouldn't follow the cycle.
That's their discouragement to everyone so that that inexperience holders will start to dump their bitcoins and soon, they'll see that those who have said something negative about bitcoin, they'll see them that they're the ones holding then.
Dumpers will soon to regret their doing for being impatient and full of doubts. I know not all have strong mindsets and are willing to hold but if we had the capability of Bitcoin, holding it was not hard to do it. Definitely, the news giving us some insights to what might happen a few years from now. So before that will happen, it is best to take advantage of the situation while we still have the chance to buy potential coins in a cheaper price.
Well, we've seen it with many other stories that they've regretted selling when they're able to keep it while they can. We just have to learn the lesson from them and basically, look at how we can avoid the same experience as them. It's better for us to look forward to the future by holding bitcoin.
We want to earn a lot from holding bitcoin and we all know that it's going to be worthy by having that enough patience and by being calm at all times because, someone might be moved when the price plummets.
hero member
Activity: 2044
Merit: 501
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I have been saving up and accumulating as much as I could, believing that the next halving would also set a new ATH and I could get a huge profit from it.
But if it doesn't then for me I still consider this as a great investment and I could just wait for it to climb up again.
If the halving wouldn't make it rise up then I am sure that there would be so many reason's in the future for it to set a new record of ATH.
sr. member
Activity: 616
Merit: 291
it's just data and predictions,
We don't know in 2024 Canadians will actually buy or not, it's just their plan.

and the issue of bitcoin's 4-year cycle is unlikely to be as high as the previous annual cycle,
because I see it seems like a lot of people are selling bitcoin and few are holding back for sale.
legendary
Activity: 1946
Merit: 1157
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It seems that many parties have started to prepare themselves for the future bullish period. I don't know why there are so many negative issues that have been blown up, but more and more investors are buying more Bitcoins. With this, of course, it is more convincing that sometimes, the market is manipulated and deliberately given FUD so that they can buy more.
So, why should we be worrying and also negative thinking about Bitcoin sometimes when the price of bitcoin dropped again? This is a good time to buy more Bitcoin, right?

Negative issues that continue to be exaggerated will certainly have a purpose for the personal interest of a person or group, even negative issues in the past are brought up again just to enliven the current FUD. Some parties who want to get cheap prices do manipulation strategies on market fundamentals and so they will be prepared and will sell when the bullish period comes. and when the market is bearish as it is now it's the right time to buy bitcoin, and it could even be lower than the current price. Preparing spare money for the next crash is certainly a recommended strategy.

Market sentiment is currently relatively unchanged as last month. market sentiment is at number 24 out of 100 which puts the current status of market sentiment as "Extreme Fear" In 2022 the market sentiment index only reached 60 as the highest level, compared to 2021 which reached the level of 95 in February.

https://alternative.me/crypto/fear-and-greed-index/
member
Activity: 467
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I don’t think the bottom is in for this bear market yet. We will see a new low but even so now is a good time to buy because we will see the price hit over 100k after the next halving. Anything you buy under 30k is a great buy. Cheap prices will not last for long though so you will have to act.

Yes, it is, but I think it would be even better if the purchase had to use IDLE money, because we would not know the bull run market would arrive. because the world economy is currently in decline so I think  have to be strong to hold bitcoin and don't sell it. That's why when you buy, you have to use idle money, because you are afraid that the bull run market will come, the time is very far away.
sr. member
Activity: 1428
Merit: 436
According to Ontario Securities Commission head, the chief executive officer, Grant Vingoe, he said that they know from their research that 30% of Canadians are willing to invest in crypto asset by 2024.
It seems that many parties have started to prepare themselves for the future bullish period. I don't know why there are so many negative issues that have been blown up, but more and more investors are buying more Bitcoins. With this, of course, it is more convincing that sometimes, the market is manipulated and deliberately given FUD so that they can buy more.
So, why should we be worrying and also negative thinking about Bitcoin sometimes when the price of bitcoin dropped again? This is a good time to buy more Bitcoin, right?
hero member
Activity: 2926
Merit: 636
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I believe if this kind of research is conducted in many other countries, more people will want to invest in crypto by 2024. And what should we expect by that time and 2025? Bull run.
Halving and Bullrun are the things we expect at that time. Actually, people are waiting for that time to arrive, yet we still need to face the downsides of the market before it comes and those who could sustain holding their coins will get huge rewards. Well, I could say it was not too late to accumulate Bitcoin, we are still in the bear condition and we can't just simply ignore this chance for a few years from now prices might be doubled or even more. We can just imagine last year and the next Bullrun might be more than that.
hero member
Activity: 2940
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It's encouraging news and information like this would give that advantage to those that have been thinking that the market will eventually go back. Well, those that have been saying that the price of bitcoin won't rise again and wouldn't follow the cycle.
That's their discouragement to everyone so that that inexperience holders will start to dump their bitcoins and soon, they'll see that those who have said something negative about bitcoin, they'll see them that they're the ones holding then.
hero member
Activity: 2058
Merit: 520
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Even if this data is totally accurate, who's to say that they wouldn't change their mind? I could almost guarantee a huge majority of people who bought into the bitcoin hype at near all-time highs were also planning on holding. But yet? Most of them panic sold.
That would be mostly the scenario for newbies in crypto, trying to buy even at its new ATH and plan to hold longer, but they end up panic selling due to fear that they might lose more when bitcoin price shows more price decline. Although I’m not saying this generally, but we have learned based on our experience that people trying to invest in crypto are dying for profits but were not ready yet to take the risks, that is why they end up panic selling and lose in the end.

Sometimes newbies come just because they want to get rich quick, but they forget this is a difficult market to analyze. But if they dare to enter the market, of course they have a good mentality and of course they will learn more from the experience, even though they got a bad start.
sr. member
Activity: 966
Merit: 421
Bitcoindata.science
The estimated population of Canada is 38,654,738 as at April 1, 2022 which is an increase of  127,978 people (+0.3%) from January 1, 2022. If 30% of the population which is calculated to be 11,596,21 are planning on purchasing crypto by 2024 i doubt if it will have impact on Bitcoin price.

Reasons been that this estimated population aren't planning on purchasing Bitcoin alone but a combination of many crypto currency and many of the shit coin the will plan to buy will certainly dump. If they were planning on buying Bitcoin that population is good enough to cause a massive pump for Bitcoin but with the news details it is not just Bitcoin the Canadians are planning on buying which means no good news at all

If there will be any bull run come 2024 then the halving triggered it and not because of some Canadian interest in purchasing crypto
link
legendary
Activity: 3122
Merit: 1147
Even if this data is totally accurate, who's to say that they wouldn't change their mind? I could almost guarantee a huge majority of people who bought into the bitcoin hype at near all-time highs were also planning on holding. But yet? Most of them panic sold.
That would be mostly the scenario for newbies in crypto, trying to buy even at its new ATH and plan to hold longer, but they end up panic selling due to fear that they might lose more when bitcoin price shows more price decline. Although I’m not saying this generally, but we have learned based on our experience that people trying to invest in crypto are dying for profits but were not ready yet to take the risks, that is why they end up panic selling and lose in the end.
hero member
Activity: 1008
Merit: 525
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There is always an opportunity for for Bitcoin holders in the market and for those that are true holders are the ones that will benefits much from the market since the price of Bitcoin is down now and is a signal for everyone to keep buying and holding for the big bull market that is coming soon.
Many newbies do not understand the market that is why they keep complaining about the price of Bitcoin falling because they never knew that it is an opportunity and a signal for everyone to keep holding for better profits coming with great rewards.
hero member
Activity: 854
Merit: 1031
Only BTC
The OP attached a Cointelegraph link that I read, so it can't be a lie.
Cointelegraph or any other crypto news site can publish fake, inaccurate or unverified information or news, they are just running their business, and sometimes in the process of doing so they may publish the news that will sell the most, or the one that will attract the most attention, even if sometimes the content may be crap. Lucius posted a link earlier in this thread about another similar crap news that was published by Cointelegraph: 61% of Americans may purchase crypto in 2022, a new survey says, there is no way Cointelegraph can accurately know the percentage of Canadians or Americans that are planning to buy crypto in any year, so this news can't be true.
hero member
Activity: 2170
Merit: 553
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This week their was some dump in most of the coin,but this not to close.Most importantly the price of bitcoin at the green market now.Actually their will be next halves in 2024,this Canadian involving and investment towards the crypto currency will boom the market and pump the market to 100k dollars.After some rise in the price of bitcoin to the 65k dollars,their will be continuous pump in the market till the 100k pattern was formed.
full member
Activity: 1092
Merit: 227
Good for gesture of keeping hold on to the bitcoin for the future but I would really stick with my instincts and what’s really going on in the crypto market surroundings. This market is uncertain even with such news. They could give us some upper market movement for time being but as soon as people forget such news they start to loose the drift with the time and market resets back to normal or what can I say to bearish trends! But surely this is good news for us, let’s hope the analyst is good at what he analysed and predicted . :-)
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
Decisions change though and what might happen in 2024 as predicted in 2022 might not actually happen when the time comes because who knows what might happen in this world. COVID and a war happening were few of the examples of how uncertain the future is and how fragile human life is in real. With crisis happening everywhere people are more likely to store in quickly liquid-able assets rather than risky assets that the governments dont like.

Too much thinking in the future only ruins the present moment. Right now, we can buy bitcoin because its price is on the lower side, if not wait and hold for it to rise, dont bank on future options for your current investment.
hero member
Activity: 644
Merit: 592
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This is a very good update for all BTC enthusiasts and BTT members in particular. Most of us (if not all) are getting ready for the great 2024, there is no way halving will not help the crypto to rise. Halving is tradition, yet the more the number of buyers and the volume and the volume they buy with, the better for the bull run of Bitcoin in the year.

So, it is very good news to us that are getting ready to buy BTC in 2024. My only hope is that bad news will not truncate the hope because a piece of news like that might set aside a tradition regardless of how optimistic we could be about it.
Even as we anticipate Bitcoin price increase in 2024, the fact still remains that there is no sure time as at which this new Bitcoin all time high will be reached, the 2024 Bitcoin halving is a catalyst for the next bull run but we must be smart enough to search out information from other sources and seek to get more data that can point to that rather than relying on an article that is basically based on assumption. I don't think having 30% of Canadians to invest in Bitcoin in 2023-2024 will be just an assumption.
The OP attached a Cointelegraph link that I read, so it can't be a lie. This will help better because, with the development, more countries might be planning to join it, which is a good reason for BTC holders to be planning to enter the buy position even before 2024, or as early as January of the year to avoid the huge volatility that might greet the halving speculation and optimism.

All I know is that halving is getting more popularity and attention, and will definitely help BTC grow towards $100,000, the actual exent is what I don't know.
legendary
Activity: 2338
Merit: 1354
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I think Canadians who are first/early entering or knowing the crypto world will know the bitcoin halving cycle, and by now they must have been saving for 2024 later, not just buying in 2024, but we also don't know for sure 2024 is the peak. running or just the beginning, but buying at the beginning of the month is not too late
Seems Canadian waiting with halving moment for purchasing or investing with Bitcoin, not bad with their ideas try investing when Bitcoin will reach to higher price as usual halving moment always give positive impact for Bitcoin can break out to higher price. But seems risk when waiting until 2024 for investing Bitcoin trough almost close time with halving time actually have positive news and Bitcoin will going up, almost lately and seems panic moment later if have invest when Bitcoin at higher price.

Better try to invest nowadays trough still two years later with Bitcoin halving and have lower price right now,
I worry waiting next time on halving   2024 Bitcoin can reach more than 2x price right now, maybe can reach above $40,000 in two years later.
Seems coincidence. We all know that the next Bitcoin block halving is expected to happen in the year 2024.
For sure a lot of people now are researching especially past history prices of Bitcoin because even me before, I checked the price of Bitcoin before and after on every block halving event of Bitcoin, there's a price action upward on every months before of bitcoin block halving event.
hero member
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Well in this case it is indeed news that looks pretty good but if I'm not mistaken there were several surveys also at the end of last year or the beginning of the month in 2022 which said almost 50 percent of Americans could buy crypto this year.
In this case, buying does not mean it will be completely Bullish but seeing news like this, it is clear that there will be a bit of confidence in the next year although this is still uncertain because it is still assuming.
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