Topic: Bitcoin in 2024; What are your opinions? (Read 152 times)

They are going to remove the doubts from the noncoiners as if they're only reliant on these institutional investors. Those who have a feeling that Bitcoin is such a scary asset will have to clear their doubt through them as they're going to be like the guarantor that they're finally safe if they are going to invest in it. There is no need to deny that institutional investors will have an impact on the adoption and demand because ever since they were heard having interest to get into this market, there was a positive impact that has been seen.

It may happen or it may not. All I can say is that only time will tell what will happen in the future. What I will do is take my chances on whatever chances I may have or should I say, take the opportunity if you are given one because that opportunity won't come again because it will be another opportunity in the future although it is the same since both are opportunities but different outcome or results In my opinion.

OP there's no doubt at all that these institutional investors can make great changes in the market but I'm kind of more curious about the Black Swan even for the future, as FTX was a bitter reality back in time in the coming timeline as Bitcoin now has a legal face, there will a disastrous effect of any such event.

Sticking to the topic the current Sideways movement is natural, and in the Halvinf period there will be a FOMO shoot-up of the Bitcoin exceeding the previous ATH. The ETF news was previously cashed, now we need real capital flow in the market to shoot up again and more likely by the middle of 2024 we can have discussions again about what is next.

If there is anytime that I have feared bitcoin and other volatile market more, it should be this time around. Obviously no one believed that after the Bitcoin ETF approval and they arrival of the institutional traders into the cryptocurrency, that the price of Bitcoin will rather deep instead of bull. If anyone or any prophet told me that it will happen this, I would not just believe. But now it has happened, I am very well convinced that nothing is assured in the cryptocurrency market. I am confidently telling you that even the upcoming bull run might fail and nothing will happen. Just follow the archaic  but standard rule for investment in volatile assets, invest what you can afford to lose and have peace of mind. If you neglect this very rule, you might end up having a heart attack and you can possibly lose all your assets.

I am wiser now and I can say the wiser I become in the cryptocurrency industry the more fearful I become. This is the reason why I have always sticked with Bitcoin. I am no longer comfortable with any coin and I have never been comfortable with any other coin apart from Bitcoin. Just a little advice I took from a friend and bought solana, I am currently at 35% loss within few weeks and I have never been at rest till now. If this was bitcoin, I will be confident that someday this coin will reverse as we all know but currently I don't know my faith.

Opinion is still positive for a long time, but for a short time we may not see significant improvements. We have seen ETFs encouraging institutional investors. But it's not positive until they directly invest in Bitcoin instead of ETFs. This year will be Bitcoin halving, where we may see a short pump. But it won't last long. To me, next year, 2025, will be a bitcoin bull run. It's just my opinion; I don't analyse anything. So asking for reasons won't get a proper answer. But the fact is, it takes time to start bull after halving, not instantly.

I think the cycle of Bitcoin will repeat itself in 2024 and 2025. Halving has always been an important event in the past and I think it will be this time too. The price of bitcoin go up +100% in 2023 and there should be a new ATH this year. Demand will then continue to rise and this will also attract new investors. They will have maximum FOMO and also buy also a lot of altcoins again. Bitcoin is getting stronger from year to year, even if the price goes up and down so much. I think we will hear some big news this year or next year.

I positively welcome the involvement of institutional investors because it can broaden people's information and perceptions of Bitcoin.
This year, which has been going on for a month, according to my observations, the positive impact that has occurred is the reduction in FUD news regarding Bitcoin.
Another positive thing with the large number of institutional investors can reassure people who have been influenced by the false stories about Bitcoin that they have heard, apart from the increasing interest in demand for Bitcoin without having to go through an exchange.

With the increasing number of institutional investors, I think 2024 will force us to hold back as hard as possible so as not to sell because they want cheap prices because they are not ordinary people with knowledge like people who are easily influenced by gaming issues.
Hopefully it's true.

The cryptocurrency market is still gaining popularity in the financial industry as 2024 draws near. The first and most well-known cryptocurrency, Bitcoin, is at the forefront of this market. Bitcoin has experienced many ups and downs since its launch in 2009; in 2021, its value reached an all-time high. Examining Bitcoin's possible future and its possible place in the financial system in 2024 is vital as we look to the future. As Bitcoin becomes more widely accepted, the question of your opinion on its future emerges. Will it survive and transform our understanding of money, or will it eventually disappear? In this post, we'll examine the

I saw another post of the same type.  I don't know there is any need to create new post again and again for the same type of post.  It's not really necessary.
Similar post: https://bitcointalksearch.org/topic/m.63452984

The future of Bitcoin is bright my amigo! There is a lot in store for this year already with the halving coming up! To tell you the truth even if BTC did NOTHING this year and hovered at the 40k level I would still be happy. The REAL action historically always happens the year after the halving so thats why I think that 2025 will really be the year to pay attention to.

I think Bitcoin is a dynamic and evolving digital asset, subject to price fluctuations, regulatory developments, and technological advancements, as of my most recent knowledge update in January 2024. Several variables, including institutional adoption, market demand, legislative actions, and blockchain technology developments, could impact its performance in the future. I think about how the world economy, technological advancements, and legislative changes will affect the cryptocurrency market in 2024 to stay informed about Bitcoin, which seems like a promising future.

Btc remains more relevant and widely adopted than before. I don't think there has ever been a moment where the institutions are not part of btc.  Retailers alone are not the power behind the price manipulation, it has always been the institutions who pull the strings. With the recent Btc ETF approval, I guess more institutions are probably eager to jump in any moment.
In my opinion, I would say 2024 has a lot more to offer in terms of crypto in general and we are just getting stated.

What do you think is possibly holding and sustaining the price of bitcoin till date don't you think that right from onset institutional investors and institutional traders are playing pivotal role in relatives to the development of bitcoin price, so this is not something new anymore because we have had so many of them adopting bitcoin but still that doesn't change the price being fluctuating. Do you also know that the so called governments who are fighting against bitcoin also have their holdings hence are trying everything humanly possible to have every control over  bitcoin just for their self interest and personal gain to protect their investment not to be tempered., What i could speculates more is max adoption this year and the usability.

You don't need institutional investors to understand that BTC is a legitimate network, it is open source and you can verify everything yourself. The BTC network doesn't need institutional investors, as a matter of fact what they bring to the network is sometimes against the principles of BTC; i.e. BTC etf's provides a way for people to buy BTC without owning their keys and that is not a recommended way to buy BTC, because not your keys, not your coins.

However, institutional investors can influence the price of BTC positively, they pump money into BTC and that can make the price to pump, but that does not mean that they are a must for the network to grow.

I don't know whether the institutional investors will do any good to Bitcoin! The market was heated up when there was a potential to approve Bitcoin ETF. But that afford trend is nowhere to be seen now even after it is approved. That's quite surprising! Probably something is going in the back end which we are not able to understand. I personally didn't like companies like blackrock entering into Bitcoin market. Because with the kind of money they hold, they can do anything with Bitcoin as per their wish. Institutional investors are are real threat to this decentralised economy.

I think in 2024 the Bitcoin market will remain positive. However the retail investors like me will take a very cautious approach.

Bitcoin in 2024 will be bullish and probably continue where it left last year.
For new investments, Bitcoin will be eligible because Gary Gensler just created a new market for Bitcoin. Bitcoin can now get bought directly from Wall Street.

Overally we have much many positive news for Bitcoin and bulls can have an extended run.

To be safe, we need to make sure as well:
Call a hunter when you see a bear!

The institutional investors have been there IIRC since 2021 and backward, so it's not new that they're going to indulge on this market because they already did. And with the success and approval of the bitcoin spot etf, that already signifies that this is becoming and serious market and investment. From there, that's already going to attract more investors through the ETF but then, IMO they are going to learn on how to invest directly to Bitcoin and will learn about holding private keys and using noncustodial wallets.

Exciting indeed and that's why the most patient investors and holders are the ones that's going to benefit from this development that we're having for Bitcoin. Because if you are the impatient investor and you want to just watch out where it is coming before buying in, you might miss the bull run if you don't hold that much. I've got friends that are starting to approach me and ask about what to do, I've just said the same thing to buy now and hold. It's simple as that.

People will have better access to bitcoin without needing to create a crypto exchange account(positive for price), but at the same time people will have better access to shorting bitcoin(negative for price). In the end, it pretty much means that it could make bitcoin more efficient price-wise; but it definitely doesn't mean that it'll stop being volatile — because it will very very likely still be.

Considering the increasing interest from institutional investors, what impact do you think it will have on the overall value and perception of Bitcoin in 2024?
I for one, personally think that Institutional investors have the potential to significantly impact the value and perception of Bitcoin in 2024. Their involvement brings more legitimacy and stability to the market, which can attract more investors and increase overall confidence in Bitcoin. As institutional adoption grows, it could potentially lead to a higher demand for Bitcoin, driving up its value. It's an exciting development that could shape the future of Bitcoin!
What do you think?