Topic: bitcoin circle with simple words ? (Read 307 times)

This is very common among newbies, they read there is this asset called bitcoin which can produce huge profits and then they invest in it, however they do so without understanding what are the ideals behind bitcoin, why it exists, why it moves the way it does and why it has so many political opponents around the world, then only once they begin to see that things were not as easy as they believed they begin their research, but by that time it s too late and they have already lost money that most likely they have no chance to recover.

I think the prizes that will be obtained every 4 years are for those who dare to invest but when the value drops and will get big profits. and of course all will get it.

at this time people are competing to make new coins because the regulation to make coins is very easy, there are no tight regulations to avoid fraud for new people in the crypto world.
 
I don't understand what the main factors are that cause the price of bitcoin to go up and down, but it's definitely not because of the new coins.

I see you have been joining the forum for a long time, but I don't know why you don't understand the term 4 year reward?
What the OP means here is a gift (halving day) which occurs every 4 years, and it is a form of cutting the amount of reward (reward) for miners to half of the previous amount, when we (miners) perform digital validity in each transaction then they will get a reward (bitcoin) according to a predetermined amount, so if you want to get the prize, of course you have to do bitcoin mining now.
Block reduction that occurs every 4 years will certainly trigger the availability of the total number of bitcoins, and this has an impact on demand which may be greater than supply so that it will eventually trigger an increase in bitcoin prices.

If so, may I know what kind of gift sir is celebrated every 4 years and can all users get the gift?
But I see now that there are also many new coins, some are cheap some are expensive but have not been able to push the price of bitcoin to go up.

Basically it is the fact that no market could be bull forever, it could be bear and go to zero of course but nobody believes that, we all think that it will be bigger in the future. This doesn't mean that it could never do, but that doesn't mean that it would be happening anytime soon.

I feel like the reality is that we will go in circles as in the market will go up one day, and down another day, not exactly back to back days, but usually in periods. These periods are called bull and bear, sometimes we have bull periods where everything goes up and everyone earns, and sometimes we have bear periods where all things go down and everyone loses money.

You should sell your bitcoins and get out because of a couple of reasons.
First is that you apparently invested more than you could afford to lose, which is the worst thing you can do when it comes to investment specially in something as volatile and new as bitcoin.
Second is that you invested in bitcoin without doing proper research and trying to come up with some sort of understanding on your own so that you don't have to ask such basic question as wanting others predict the unpredictable. In other words you don't invest in bitcoin because you think tomorrow price isn't going to drop, you buy bitcoin because you see the long term potential of it or see the usefulness of the utilities it provides.

It is not like. What I see is when the bull run comes, almost all coins prices increase so high and make new ATH (All Time High) and many times, those ATH will break the last ATH. But that does not mean one year will always be in bull run modes because the bull run can come in a short time and then the price will adjust to the new price or the price will drop drastically but then the price will flow up and down. Maybe we will see another bull run but that will not be too high as before.

Maybe you can read on this : https://medium.datadriveninvestor.com/what-does-the-bitcoin-ath-mean-e34153911738

That is just assumptions after what happened to the market. We already see the bull run happen and make a new ATH. But this year could have another bull run which can lead the price to rise so high. Yes, there would be up and down because you already see how the price moves.

The bull and bear will come anytime, but the higher will not be too high from the last ATH.

The price can down for more or it will up for more. That is the possibility that will always comes to the market.

Not really. The price is already reached the highest price before at $69k. Now the price is at $37k so it could be like that before the price starts to increase and back to $69k or will break more than $69k. It could happen this year, next year or even 2024 because that is the next halving prediction that will come.

Based on your responses you seem to not like losses. If so, just scratch trading and investing from your plans entirely, because even the best of the best traders/investors lose; or heck, even scratch off starting a business. You're probably just better off having a day job with that mindset.

Not to mention you're trying to guess market movements in short timespans, which mostly leads to disaster.

its all time high value mate(ATH). actually no one can tell if this year will be full bears since 2022 is just started and perhaps this correction is part of the cycle as the market really breaking resistance and achieved 2 ATH last year.. Its not surprising to be honest in my personal opinion because that's how it works indeed like a roller-coaster. And regarding to sideways it's a movement of price wherein like a consolidation that the price cant go higher and lower..

4 year cycle, that's what they call it. After the halving, bitcoin usually increases and that's proven with all of these years. You wait and see on 2024 we're going to have another halving and after that, it's expected to have the bull run again. Maybe by the same year, bull takes place just like what happened 2 years ago. But it's also possible that the pattern will be different by that year, nobody knows but if it's about the history, that's how it goes.

Every year,their will be some pump and dump in a year.Mostly bitcoin play the game withe altcoin pieces.Being a good coin with a good back ground will played a maximum role.Many people will inverse on this coins,when they get profit from this bitcoin.The people with the credit can inverse and get double or triple of the investments.Every year,people get some loss in a dump.

There is something called seasonal trading, what this means is that there are assets from which their demand changes during the seasons, for example people need more oil and other types of fuel to keep themselves warm during the winter, now you may think that since seasons chance depending on the hemispheres there would not be an opportunity for seasonal trading there, but it does, as more people are living in the north than in the south hemisphere, and something similar happens with bitcoin, since we know when the halving will come with a very high degree of accuracy this causes something resembling seasonal trading, but instead of happening in a single year it happens on four years.

The next halving will happen in 2024. So still a long way for the next one, and perhaps that we have entered a bear cycle, meaning the price is going down until we hit the next halving and then the price is going to go up again.

Halving event happens every 4 years, that's why people are saying that Bitcoin has a cycle of bull run and bear run every 4 years because of this activity.

and usually they rose in a year ?

i dont want to lose money from profits not from my capital.
you think it will go more down the price from it is now ?

this is the usual sell off that happen after the halving, waiting for the next one to rose again

Have you ever heard the saying "Only invest money that you can afford to lose."
If you can't afford any losses just stop trading and don't buy any Bitcoins at all.
It's a Bitcoin cycle,not a Bitcoin circle.Other forum members already explained the process of halving.
There's no proof and no guarantee that Bitcoin halving will actually pump the Bitcoin price.The halving just creates hype and expectations about a future price pump,which leads many traders to buy BTC before and after the halving.
Nobody is saying that there is some kind of yearly pattern of the Bitcoin price,like "one year is bullish and the next year is bearish".
The people are only speculating about this bullish/bearish cycle.

i am thinking will it go more down or it will go up ? i cant afford to lose even one cent of profits!!!!

What ATH means ?
also i wonder now (  i know its just assumptions) this year 2022 it will be full of bears ? and the 2023 will have sideways markets ? (i  am sorry for my english are so bad but what does sideways market means ? it means that there would be ups and downs ? )

and also now maybe we will have two years bulls in 2022 and 2023 and after that it would be a good year ?

These are just assumptions based on previous halving events and the subsequent years.

But, the year just after the halving event was mostly dominated by bulls (2013, 2017 and 2021).
After the bull's year, the next year was full of bears dominated (2014, 2018 and not sure about 2022 yet).
The third year after the halving has usually sideways markets (2015 and 2019).
The fourth year is known for recovering up to ATH (2016 and 2020).
Halving do happens in this recovering year but bitcoin market has not reacted to halving immediately as mostly bulls get into action along with a new year.

There will be no guarantee for same types of events to happen on every four years. But, we can expect bulls to dominate for prolong time than how it did in previous cycles due to lesser supply and more hype. It means we may have 2 year long bulls domination on this current cycle.