Bitcoin is about to have its biggest monthly gain since October 2021.

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: fullhdpixel on October 11, 2022, 06:42:22 AM

Quote from: sayaya17 on October 08, 2022, 04:16:45 PM

Although today there are still countries that have not legalized Bitcoin, but this cannot stop the rapid development of Bitcoin. Even the demand
for Bitcoin continues to increase, that's because traders or investors who come from countries that consider Bitcoin illegal still have ways to invest
in Bitcoin. This means that people who buy Bitcoin are not only from people who come from countries whose governments legalize Bitcoin,
but nowadays quite a lot of people living in countries that think Bitcoin is illegal can buy Bitcoins.

There aren't that many nations which hasn't legalized bitcoin, and none that I know of at the top of the economic rankings. Which means all of the big nations already accept it as a good thing and allow people to trade it.

Yes, and if I'm not mistaken, bitcoin is more attracted to economy that is still growing or developing, just like most in Asia and in Africa and part of Central and Latin America wherein we see a lot of adoptions recently. But developed nations like US I would say is in the gray area, but it doesn't mean they are against it, they just want regulations.

Quote from: fullhdpixel on October 11, 2022, 06:42:22 AM

The scarcity of bitcoin is a great thing that will make it go up even more, because there are a lot of bitcoins already gone, a lot of them hold long term by funds, and a lot of them are not even on the trading block. Which means that we have a very limited number of bitcoins being traded every day, back and forth, which makes it volatile and it both increases and decreases in a volatile manner because of this situation.

Scarcity and demand, that is two factors that will make the price go up in the future. Just imagine in the next bitcoin halving, after that we will see another growth as everyone is going to fight because it reduces the rate at which new coins are "minted". And so with that, the demand will skyrocketed.

fullhdpixel

hero member

Activity: 2786

Merit: 606

Quote from: sayaya17 on October 08, 2022, 04:16:45 PM

Although today there are still countries that have not legalized Bitcoin, but this cannot stop the rapid development of Bitcoin. Even the demand
for Bitcoin continues to increase, that's because traders or investors who come from countries that consider Bitcoin illegal still have ways to invest
in Bitcoin. This means that people who buy Bitcoin are not only from people who come from countries whose governments legalize Bitcoin,
but nowadays quite a lot of people living in countries that think Bitcoin is illegal can buy Bitcoins.

There aren't that many nations which hasn't legalized bitcoin, and none that I know of at the top of the economic rankings. Which means all of the big nations already accept it as a good thing and allow people to trade it.

The scarcity of bitcoin is a great thing that will make it go up even more, because there are a lot of bitcoins already gone, a lot of them hold long term by funds, and a lot of them are not even on the trading block. Which means that we have a very limited number of bitcoins being traded every day, back and forth, which makes it volatile and it both increases and decreases in a volatile manner because of this situation.

sayaya17

sr. member

Activity: 1638

Merit: 255

Quote from: cryptomaniac_xxx on October 08, 2022, 02:55:38 PM

Quote from: ?? on ??

Quote from: imamusma on October 07, 2022, 11:27:30 AM

Quote from: Slow death on October 07, 2022, 10:19:13 AM

the price is falling a lot due to the world crisis that is having thanks to the war in ukraine,

You are right, the economic crisis and inflation that hit the world today have disrupted many investment sectors. Bitcoin is no exception, bitcoin price has dropped although it hasn't dropped to a low of over $17K so far. I'm not sure where this year's low is, but of course gains can always be expected so the post ATH loss percentage can be corrected.

Going forward, bitcoin still has the potential to please its long-term holders especially if they are currently buying in bulk. The next halving will occur in the next few years, and that will lead many to believe that the market will recover and hit ATH again. The consequence now is to be extra patient and buy whatever we can, this will definitely be profitable and profitable.

.

The great potential of Bitcoin is that more countries legalize so that it will be very valuable in the future, the amount of stock cannot be added so that what happens is to increase large demand and make prices skyrocketed quickly, the best we do is be patient for hold bitcoin.

Well the potential is already there, even if there are countries not legalizing it. As long as there are traders and investors more willing to pour their money on the market, then no doubt that the price will continue to rise due to the demand.

Although this is a bear market, it's not the end of it all. After bitcoin block halving, expect the price to soar again and reaches all time high in 2024-2025.

Although today there are still countries that have not legalized Bitcoin, but this cannot stop the rapid development of Bitcoin. Even the demand
for Bitcoin continues to increase, that's because traders or investors who come from countries that consider Bitcoin illegal still have ways to invest
in Bitcoin. This means that people who buy Bitcoin are not only from people who come from countries whose governments legalize Bitcoin,
but nowadays quite a lot of people living in countries that think Bitcoin is illegal can buy Bitcoins.

That's what makes Bitcoin tend to rise in price, especially the limited supply of Bitcoin, which will make Bitcoin more expensive in the future.
Especially after the Bitcoin halving occurs it will make the Bitcoin pump price very high and can reach new ATH. So now in a bear market situation,
we should use it to collect as much Bitcoin as possible. Because it is very likely that in 2024/2025 the price of Bitcoin will reach new ATH,
so we can make big profits, if we already have a large amount of Bitcoin.

cryptomaniac_xxx

hero member

Activity: 1344

Merit: 540

Quote from: ?? on ??

Quote from: imamusma on October 07, 2022, 11:27:30 AM

Quote from: Slow death on October 07, 2022, 10:19:13 AM

the price is falling a lot due to the world crisis that is having thanks to the war in ukraine,

You are right, the economic crisis and inflation that hit the world today have disrupted many investment sectors. Bitcoin is no exception, bitcoin price has dropped although it hasn't dropped to a low of over $17K so far. I'm not sure where this year's low is, but of course gains can always be expected so the post ATH loss percentage can be corrected.

Going forward, bitcoin still has the potential to please its long-term holders especially if they are currently buying in bulk. The next halving will occur in the next few years, and that will lead many to believe that the market will recover and hit ATH again. The consequence now is to be extra patient and buy whatever we can, this will definitely be profitable and profitable.

.

The great potential of Bitcoin is that more countries legalize so that it will be very valuable in the future, the amount of stock cannot be added so that what happens is to increase large demand and make prices skyrocketed quickly, the best we do is be patient for hold bitcoin.

Well the potential is already there, even if there are countries not legalizing it. As long as there are traders and investors more willing to pour their money on the market, then no doubt that the price will continue to rise due to the demand.

Although this is a bear market, it's not the end of it all. After bitcoin block halving, expect the price to soar again and reaches all time high in 2024-2025.

_BlackStar

legendary

Activity: 1050

Merit: 1228

Quote from: ?? on ??

The great potential of Bitcoin is that more countries legalize so that it will be very valuable in the future, the amount of stock cannot be added so that what happens is to increase large demand and make prices skyrocketed quickly, the best we do is be patient for hold bitcoin.

As long as trading and investment are not prohibited by many countries, then bitcoin will still have the potential to get a high price. I know bitcoin is a currency that is expected to be adopted as legal tender in many countries, but I don't think that's the only reason why bitcoin has potential.

I have no doubts about bitcoin, neither should you. Bitcoin has proven so much to the world that many people are starting to think it is a better investment asset than gold and others. If you are confident about the future of bitcoin, then you should have it in your investment portfolio from now on.

imamusma

hero member

Activity: 1316

Merit: 731

Leading Crypto Sports Betting & Casino Platform

Quote from: Slow death on October 07, 2022, 10:19:13 AM

the price is falling a lot due to the world crisis that is having thanks to the war in ukraine,

You are right, the economic crisis and inflation that hit the world today have disrupted many investment sectors. Bitcoin is no exception, bitcoin price has dropped although it hasn't dropped to a low of over $17K so far. I'm not sure where this year's low is, but of course gains can always be expected so the post ATH loss percentage can be corrected.

Going forward, bitcoin still has the potential to please its long-term holders especially if they are currently buying in bulk. The next halving will occur in the next few years, and that will lead many to believe that the market will recover and hit ATH again. The consequence now is to be extra patient and buy whatever we can, this will definitely be profitable and profitable.

bestcoins1

hero member

Activity: 2184

Merit: 718

Quote from: bots1 on October 07, 2022, 09:50:33 AM

Although until now no one can predict with certainty the price of bitcoin in the future. However, some analysts are optimistic that bitcoin prices will rise again next year, although it will take several months. Therefore, in the current market situation, it is hoped that we do not need to panic and remain calm to set up an investment strategy because the market conditions are not yet stable.

Right now it is not about panic that everyone needs to think about although the certainty of the price increase in Bitcoin is not known when accurately. But what people who still believe in Bitcoin need to implement at this time is to get more Bitcoin at a lower price. Because it is part of the strategy to profit when the price increase again occurs in Bitcoin later. I personally still strongly believe that Bitcoin can still increase very well, although for now it is not at all seen in Bitcoin.

Slow death

legendary

Activity: 2968

Merit: 1095

Leading Crypto Sports Betting & Casino Platform

Quote from: bots1 on October 07, 2022, 09:50:33 AM

Quote from: sunsilk on October 04, 2022, 09:37:29 AM

Quote from: bots1 on October 04, 2022, 08:38:15 AM

I am optimistic that the bitcoin price will not drop to the $17k area and even stabilize above $20k until the end of this year.

I'm also optimistic and looking at that part that we've seen already the lowest for this entire cycle and for the next months, it'll be like a slow walking uphill again back close to ATHs that we've met down here.

Although until now no one can predict with certainty the price of bitcoin in the future. However, some analysts are optimistic that bitcoin prices will rise again next year, although it will take several months. Therefore, in the current market situation, it is hoped that we do not need to panic and remain calm to set up an investment strategy because the market conditions are not yet stable.

the price is falling a lot due to the world crisis that is having thanks to the war in ukraine, even if someone is not an expert can see that in times of financial crisis people do not invest money in high risk assets especially when it comes to a crisis generated by a war in which several richer countries are also involved in the conflict and the war is far from having its end so people are already aware that they need to withdraw money and save it and then watch when and when the crisis will end, just if ask: who in ukraine will be worried about buying bitcoin instead of taking everything they can and hiding in a safe place? how many people from russia are managing to circumvent the sanctions? the prices of all food products went up a lot and the price of fuel in my country and in other countries also went up a lot because of this crisis. probably next year we will be in a bad situation if the war doesn't end

bots1

sr. member

Activity: 789

Merit: 243

Quote from: sunsilk on October 04, 2022, 09:37:29 AM

Quote from: bots1 on October 04, 2022, 08:38:15 AM

I am optimistic that the bitcoin price will not drop to the $17k area and even stabilize above $20k until the end of this year.

I'm also optimistic and looking at that part that we've seen already the lowest for this entire cycle and for the next months, it'll be like a slow walking uphill again back close to ATHs that we've met down here.

Although until now no one can predict with certainty the price of bitcoin in the future. However, some analysts are optimistic that bitcoin prices will rise again next year, although it will take several months. Therefore, in the current market situation, it is hoped that we do not need to panic and remain calm to set up an investment strategy because the market conditions are not yet stable.

sunsilk

hero member

Activity: 2884

Merit: 620

Quote from: feeling sound on August 01, 2022, 10:31:42 PM

but we should just get a bit happy for the moment now, we don't get such times always in crypto and especially after the years past few months.

I think you're right on this now.

Compared to the last bear market, it was by far the bloodiest that we have ever seen. I'm talking about the bear market of 2018. And that's why I think that I agree to what you've said that we should get a bit happy as of the moment because we're experiencing the same situation but entirely with a different gap.

Quote from: bots1 on October 04, 2022, 08:38:15 AM

I am optimistic that the bitcoin price will not drop to the $17k area and even stabilize above $20k until the end of this year.

I'm also optimistic and looking at that part that we've seen already the lowest for this entire cycle and for the next months, it'll be like a slow walking uphill again back close to ATHs that we've met down here.

bots1

sr. member

Activity: 789

Merit: 243

Quote from: Dave1 on August 23, 2022, 11:54:46 PM

Quote from: bots1 on August 23, 2022, 12:51:07 PM

No one knows for sure how long the rally in bitcoin and altcoin prices will continue. Even though the current bitcoin price is above $20k, but it's still under $25k. Even so, to go bullish, bitcoin must be able to pass the price area above $30k. Therefore, let's see if bitcoin is able to be bullish in the midst of the world's economic conditions that are not doing well.

The rally has ended though, we are again back to $21k, when we thought that $25k can sustain its run, but majority of us are wrong. So forget about $30k for now, the short term price that we should target is still $25k, although we have breached it already, it's not that sustainable, which means that is going to be the psychological barrier as traders keeps on selling whenever we hit that price.

So no, we will not see the biggest monthly gain since October 2021, it's just pure hype but not enough momentum to push through this last couple of days before the end of this month.

Right. it seems that the bitcoin price rally has ended for this year, especially since the last few months until now the bitcoin price is still difficult to reach above $25k. However, even though the crypto market is still unstable, I am optimistic that the bitcoin price will not drop to the $17k area and even stabilize above $20k until the end of this year.

Yaunfitda

hero member

Activity: 2814

Merit: 574

Quote from: feeling sound on August 01, 2022, 10:31:42 PM

After the start of a much-needed bullish relief this week, bitcoin and crypto are inching closer to getting the best monthly gain since October of 2021when we had the release of the first Futures ETF Bitcoin in the US. That's indeed some much-needed and appreciated relief we are getting right now after months of constant extreme fear and red candles.

Too much for this first futures Bitcoin ETF in the US. There is no price increased, still the same $25k bound and then it won't hard again to $20k'ish. Just another reminder that even if there is good news, if we are in a bear market, no amount of news will turn the tide.

Quote from: feeling sound on August 01, 2022, 10:31:42 PM

How long we will continue to rally or how sustainable this rally is, is quite debate-able but we should just get a bit happy for the moment now, we don't get such times always in crypto and especially after the years past few months. Also, we are not having any significant planned economic event next month as there is no FOMC to raise rates. So we may have some space left on this rally…

It's obvious that there is no rally that will sustained it, hopefully the price target is $30k, but we were stop on track to $25k. There is still the war and then the inflation rate in the US continue to soar, and dollar losing it's value against local currencies.

btc78

full member

Activity: 2464

Merit: 209

Eloncoin.org - Mars, here we come!

Quote from: feeling sound on August 01, 2022, 10:31:42 PM

After the start of a much-needed bullish relief this week, bitcoin and crypto are inching closer to getting the best monthly gain since October of 2021when we had the release of the first Futures ETF Bitcoin in the US. That's indeed some much-needed and appreciated relief we are getting right now after months of constant extreme fear and red candles.

How long we will continue to rally or how sustainable this rally is, is quite debate-able but we should just get a bit happy for the moment now, we don't get such times always in crypto and especially after the years past few months. Also, we are not having any significant planned economic event next month as there is no FOMC to raise rates. So we may have some space left on this rally…

But it is near closing of August , almost month after this post was created yet there are no sign of that claim as bitcoin will gain highest monthly since october 2021? mind explaining and telling us when this will come?
I have been waiting since April yet nothing is coming lol.

Quote from: StreakW on August 30, 2022, 04:42:57 AM

Although lately the price of bitcoin has started to increase, I am not sure if the current increase will continue. Especially in the midst of the uncertainty of global economic conditions, the risk in the global market is still high and the price of bitcoin still has the potential to decline.

well OP is placing this for the month of August in which seemingly nothing will ever happen close.

StreakW

full member

Activity: 1130

Merit: 107

#SWGT PRE-SALE IS LIVE

Although lately the price of bitcoin has started to increase, I am not sure if the current increase will continue. Especially in the midst of the uncertainty of global economic conditions, the risk in the global market is still high and the price of bitcoin still has the potential to decline.

mich

legendary

Activity: 3122

Merit: 1032

#1 VIP Crypto Casino

This is really great news and you gave me the goose bumps and the chills from reading your prediction for bitcoins price. Now we must wait and hope this is a reality and not just a wishful thinking scenario.

If it is true we will all be happy and rewarded for hodling our precious coins.

Nrcewker

copper member

Activity: 2156

Merit: 536

Building my own Dreams!

Quote from: Morosophy on August 04, 2022, 01:51:35 AM

This is really good. I am really optimistic about price increases in the future.

Many people are happy due to the price gain that going to happen. But there will be also many people who will frown on this matter. They will complain on the fact that, they missed the golden opportunity to buy the coins.
Nevertheless the bear market here will last for couple of more months, so yes if anyone has missed buying the coins, buy it now.
Let’s see when this bear market ends and then only all the panicked seller will regret about their decisions.

justdimin

hero member

Activity: 2968

Merit: 670

www.Crypto.Games: Multiple coins, multiple games

Quote from: Taskford on August 24, 2022, 04:02:20 AM

For sure you only guess those one since you are speculating about possible huge pump because bear market happens. But actually if we are just realistic and see the current happening we can say that maybe its hard for those speculations to get hit because we don't know what future could bring those untold events that might came to bitcoin and also with other altcoins.

We never really know what the future will be like, but we know that it is not going to be bad at all, and that is why it is such an important part of the crypto speculation deal. I mean we can talk about what it will be and what it won't be and I can say 50k you can say 5k and we can discuss forever but at the end of the day we will learn the result together and only one person will be right about up and down. Doesn't mean that this person will be right all the time neither, could be right now, could be wrong later on.

This is why it is better to just focus on what you can believe in, and making money that way instead of keep working towards something else.

Taskford

hero member

Activity: 2520

Merit: 783

For sure you only guess those one since you are speculating about possible huge pump because bear market happens. But actually if we are just realistic and see the current happening we can say that maybe its hard for those speculations to get hit because we don't know what future could bring those untold events that might came to bitcoin and also with other altcoins.

Dave1

hero member

Activity: 1260

Merit: 515

Quote from: bots1 on August 23, 2022, 12:51:07 PM

No one knows for sure how long the rally in bitcoin and altcoin prices will continue. Even though the current bitcoin price is above $20k, but it's still under $25k. Even so, to go bullish, bitcoin must be able to pass the price area above $30k. Therefore, let's see if bitcoin is able to be bullish in the midst of the world's economic conditions that are not doing well.

The rally has ended though, we are again back to $21k, when we thought that $25k can sustain its run, but majority of us are wrong. So forget about $30k for now, the short term price that we should target is still $25k, although we have breached it already, it's not that sustainable, which means that is going to be the psychological barrier as traders keeps on selling whenever we hit that price.

So no, we will not see the biggest monthly gain since October 2021, it's just pure hype but not enough momentum to push through this last couple of days before the end of this month.

bots1

sr. member

Activity: 789

Merit: 243

No one knows for sure how long the rally in bitcoin and altcoin prices will continue. Even though the current bitcoin price is above $20k, but it's still under $25k. Even so, to go bullish, bitcoin must be able to pass the price area above $30k. Therefore, let's see if bitcoin is able to be bullish in the midst of the world's economic conditions that are not doing well.

Topic: Bitcoin is about to have its biggest monthly gain since October 2021. (Read 536 times)