Another opportunity is coming, a time to hold - page 6.

Bobrox

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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.

Viscore

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Quote from: DeathAngel on October 15, 2022, 03:28:42 AM

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.

Why not they’ll start buying now? After all, the price is still very tempting as it could reach another all time high by 2024. However, surveys are not totally accurate, some would still want to invest and maybe do panic selling once the price drops. For sure, that will be their first reaction but the moment they start losing and making regrets, most likely that time they will also learn their lesson to be more patient and hold their investments for long term.

Hamphser

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Quote from: _act_ on October 15, 2022, 02:16:42 AM

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.

Its always been good to hear off these kind of news about recognition and possible adoption on next years to come but we know that there's no such thing about exact or concluded investment amount will be

poured by those 30% Canadians.We do know that Bitcoin could be bought up on fractions which means that its not really that precise for us to assume that it would really be going to give a huge impact.

I would rather believe that it could be possible through global adoption in one go but we know that it cant really be happening in a short span of time.
Everything will really be taking time on this one.

teosanru

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Quote from: _act_ on October 15, 2022, 02:16:42 AM

I have been very busy which makes me not to post this very early as it was last week news. Just that it is still very much worth it to post this.

More than 30% of Canadians plan to purchase crypto by 2024, says OSC head

Some people said a period of time will shock people when the price of bitcoin will no more rise using the 4 years cycle. Some even said that bitcoin market is matured already that this bull run trends may not become possible by 2024. But the good news is, you should still believe in bitcoin, it will not disappoint you in the next cycle.

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.

Quote

“We know from our own research (being published later this month) that more than 30 per cent of Canadians plan to buy crypto assets in the next year [...] It is a challenge to bar non-compliant firms from offering services in Canada. With a limited budget and finite Enforcement staff to cover our entire capital markets, there is only so much we can do. But we are making progress.”

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.

I think the markets no matter how mature they are will always follow a pattern and repeat history it's not because of some myth or something it's just tokenomics and people's perception about that very asset. The time frame might not be the same it might differ this time but eventually bull run will come and yes there are a lot of people who still want to come inside the market and enjoy the crypto ride. So yes market is going to hit the bull run in 2025.

indah rezqi

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Quote from: _act_ on October 15, 2022, 02:16:42 AM

Quote

“We know from our own research (being published later this month) that more than 30 per cent of Canadians plan to buy crypto assets in the next year [...] It is a challenge to bar non-compliant firms from offering services in Canada. With a limited budget and finite Enforcement staff to cover our entire capital markets, there is only so much we can do. But we are making progress.”

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.

There is good sentiment about the results of his research, it will put bitcoin on a great bullish path next year if people really want to invest. I don't know if other than Canada also have such research, but I believe it can encourage more optimism among traders and investors from now.

Preparation is needed for big bulls in the future, but if the demand is not greater than the supply then it means I can't expect bullish and ATH in 2025.

JoyMarsha

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Whether the survey is correct or not, the good news is that a good percentage of Canadian citizens know about crypto and they are willing to invest in bitcoin comes next year before the bull run.

Global adoption of crypto is spreading significantly. I can't ascertain what the next halving will be like by 2024. Am just been hopeful before then, that other countries will encourage their citizens to invest more in crypto before bitcoin halves.

bitcampaign

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it's just research that maybe people on this forum are not surprised to hear it, almost the average crypto community in this forum probably already knows about the 4 year cycle which we always see people discussing on this forum including this thread is one of them, I believe anyone will not miss it again for the umpteenth time, so I just bought some altcoins which I think are cheap now, just buy and focus on holding them in the next few years so let them canadians buy my altcoins which I have bought today 2 years from now, they prefer bought it when it was expensive compared to today almost all cryptos look cheap everywhere

kryptqnick

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Canada has a smaller population than I anticipated for a country of its size, but it's still around 38 million people, so a quarter would be around 13 million people. Realistically, people normally invest something more than $10, and even if each of these 13 million invests $100 on average, that's more than a billion dollars worth of investments rights there. Maybe this won't happen, but openness of 30% of people is still something, and those who do invest would probably go in with more than $100.
It's cool that this sort of research is being conducted, I think even posing people in front of a question like that makes them consider it as an option, so it's a bit of a crypto promotion of its own.

The Cryptovator

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It would be true research, but I doubt it will happen. Because there is no such community that will invest together by planning. They might already start to accumulate crypto, why should wait until 2024? There would be something else that would push Bitcoin's price. Doesn't necessarily Canadian bought it. 30% of the total population isn't a small quantity at all. If Incase they decide to buy crypto then a huge impact will be on the crypto market. We can't control people's minds, and such as research isn't easy at all to get accurate data.

ajiz138

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Data surveys will never be accurate, that's just according to them in their research, so it's true that maybe some have done it without having to notify the government they can do it anytime without having to get approval because buying Bitcoin is our right to buy at any time, so for me with this news it's pretty good too that Canadians have increased buying Bitcoin 30% of that data I know whereas in other countries are doing the same so they are really ready for this once every 4 year cycle.

Isn't a bear market a great opportunity for the brave? And well, some of them are strong enough to hold Bitcoin longer at least until 2025 as the year the Bitcoin price is predicted to be high it will be the next cycle, it's not surprising that many are buying at this time with the existing surveys, so investing must be a lot who do now.

One word HODL to Bullrun. Cool

Wiwo

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Quote from: EarnOnVictor on October 15, 2022, 07:26:50 AM

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 think having 30% of Canadians to invest in Bitcoin in 2023-2024 will be just an assumption.

adzino

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Those 30% Canadian people I am sure said that they "might" buy bitcoin. From those 30%, very likely more than half of them wouldn't bother buying. They just said yes because they keep on hearing about bitcoin and how people made profit. I am sure if they see the current market, they will likely feel turned off from investing in bitcoin. Also People will change their mind within the next 2 years. Less than 30% of those people might end up not buying or more than 30% of the people will end up buying. Those statistics doesn't mean anything and you shouldn't rely on it for your investments.

TravelMug

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If we are talking about bull run, yeah, I would say it's inevitable, regardless of what is the factor, i.e. another country adopting, billionaires outside of Saylor or Musk joining the picture or just like this report. And so a I guess for us who have been here long to see the bull and bear market, it doesn't matter, bull run will certain to come. But if the report is true, then they might be late if they join and invest in 2024. Now is the right time because the price is at a a discount and very cheap.

8rch7

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Quote from: mk4 on October 15, 2022, 02:36:37 AM

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.

The sentiment of the crypto market for now seems to have started to rise to the level of fear, where previously the sentiment was in a position of extreme fear for a long time, but I also firmly believe that another opportunity will definitely come and we can hold bitcoin from now on to profit. significant in the future, although we do not know for sure when the price of bitcoin will rise but at least we can learn from previous experience most people are successful because they are able to hold bitcoin for a long time.

Lucius

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Quote from: _act_ on October 15, 2022, 07:33:01 AM

That is true, we should not depend on news about this. I saw this link and I was surprised that 2022 could be suggested that more Americans are going to buy cryptocurrencies. What I noticed from this is that people that fomo can also be part of the research, the market can fall and the people that fomo can sell which can lead to bear market. I will not accept this type of research again.

I've been on the forum a little longer than you, so I already know that any research like this should be taken with a certain amount of caution because it's very easy to manipulate the numbers. In the end, they can write whatever they want, and it certainly wouldn't be news if the number of Canadians who want to buy crypto is 13%, and I wouldn't be surprised if it was even less than that number.

Another factor that we often do not take into account is the standard of the average resident of North America, whether it is Canada or the US, who nevertheless live much better than most people in Africa or India, and the latter are still much more looking for a way out in investing in cryptocurrencies - which would mean that they are perhaps much more important for the crypto market. What I want to say is that maybe we focus too much on one continent, and we should look at a much wider picture.

darkangel11

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It's strange that they're willing to wait for the halving before investing. We all know that by the time halving hits bitcoin's price is much higher than it was in the bottom of the bear market.
The picture below shows it well. The bottom usually comes about a year before the halving, although the bull market this time was much shorter than expected because it started later than expected and ended earlier. The chart suggests a bull market since spring 2020, but the price reached the former ath of 20k in December of that year, so the bull market lasted only about 11 months, while the chart suggests close to 18.

Anyway, is in the middle of the cycle, so about a year before the halving, which is pretty much now, not in a year from now. At the moment of the halving we could be at 40k or higher.

ethereumhunter

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The news only scares investors who have just joined bitcoin because they don't know enough to see if the news is trustworthy or just to make people panic. It is better for those people to still believe in bitcoin and hold on to it even more tightly even though these hard times are becoming even more difficult because they will not last forever. There will definitely be a turning point for bitcoin to start a new rally and increase its price again as before.

And although the 4 year cycle will change later, it won't be a problem for them and us because we still believe in bitcoin. It is natural to see that people will spread bad news about bitcoin and cause panic in the market because they want to take advantage of the situation. From now on, we must be more careful and hold tight to bitcoins and accumulate more bitcoins at low prices.

_act_

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Quote from: Z-tight on October 15, 2022, 05:25:55 AM

The research has to be inaccurate, because there is no way to know correctly the percentage of Canadians, Brazilians, Americans or any country at all that plan to buy crypto in 2024, people pass away, go broke, change their plans and so on and on, the data is not something i would even want to take very seriously.

OSC, Ontario Securities Commission is based in Canada and it is only about Canadians. We can make conclusion that anything can change, but I do not see anything inaccurate based on the research. The research is not about speculation, not about what bitcoin price would be by 2024, but based on what they know about Canadians presently. Definitely people can change their decision, but that does not mean the research is not accurate, but could be what people should not use to speculate what would happen to bitcoin price.

Quote from: Lucius on October 15, 2022, 05:55:36 AM

To show you an example of how pointless this whole research thing is, I'll have to break my rule of not posting links from this source, but here's what another article says : 61% of Americans may purchase crypto in 2022, a new survey says.

That is true, we should not depend on news about this. I saw this link and I was surprised that 2022 could be suggested that more Americans are going to buy cryptocurrencies. What I noticed from this is that people that fomo can also be part of the research, the market can fall and the people that fomo can sell which can lead to bear market. I will not accept this type of research again.

EarnOnVictor

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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.

naira

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Quote from: _act_ on October 15, 2022, 02:16:42 AM

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.

Waiting to invest in 2024? while the current moment slips away. bitcoin is still relevant enough to buy right? if the count increases by 2024, it means they are ready in no time to take profits or indeed late in after ATH. If Canadians are aware of the Bitcoin cycle, I believe they have entered before their time rather than entering the moment of 2024. I believe the Bitcoin Halving cycle will continue, regarding time then it is appropriate for Canadians to start now.

Topic: Another opportunity is coming, a time to hold - page 6. (Read 1459 times)