Topic: Bitcoin is bullish longterm - page 2. (Read 1162 times)

Yes and no because the BTC price being near to 10k is not in any way a bad performance.   All the long term holders know its a good price because fixed in their brains are the 3k and 1k areas that were just as valid for years.  3x is just very good though disappointing if you wanted a rocket ship blast off in 2020.     We have extreme events occurring especially this year and in context BTC has done well I think, it has to be praised for holding steady.
   In 2019 it was my guess this whole year even withstanding the halvening we'd not gain especially or lose greatly but the theme for the year will be neutral and so far I believe its been a time to trade the range rather then hold and forget.   If its going to loop as it has done then a speculator will want to be selling peaks and buying into dips so far as they can discern the local prices at that time.  Lots of money to be made and compounded in providing liquidity to the market in its volatility so buying in March was not easy but going on OP title long term bullish it was justified.    My take is we have a log jam in price with both bulls not hyped and shorts feeling ineffective in moving price, in normal markets I often expect things to pick up around September.   I cant name why exactly we often get a different sentiment appear in autumn moving into winter and xmas, then it tails off and we'll reset start over again in 2021 and then maybe we achieve a proper trend and confidence in price movement.   At that moment I might call it bullish like early 2017 had an ascending theme observable over months.

Solid long term perspective!
I have a feeling, once Bitcoin breaks another ATH, it maybe higher for not less than 10% from the previous one, because the predictions in the post-halving are very bullish.
I'm also thinking, there must be a significant reason that deprives Bitcoin from breaking and surpassing the $10,000 level, but the good thing is, It didn't fall below the resistance level as well. Instead It's stabilizing in a certain region of $9,000 level which still considered as a high price since March.

If anyone could b worried it should be investors that are in a nation and the idea of the knowledge and dump

Reasonable remark. I noticed that when people talk about investments, they seem to forget that the investor wants to eat well, live well  now and many expenses are inevitable. While the profits are very ghostly and no one is ready to wait for them all their lives, denying themselves in much.

Bitcoin is always bullish for long-term holders. While we haven’t seen much change this year, we can expect to see something better next year. As I am a long-term holder, my first target will be to break the previous ath. There are many who become impatient after holding on for a while. As a result, they can't stay in the market for long. We might see a huge breakout if bitcoin can break the previous ath. Bitcoin still under $10000.

I very much hope that the impact of covid-19 on the global economy and on the cryptocurrency market will decline until the end of 2020. And already in the second half of 2021 we can see the real consequences of halving in May 2020. at least this is the period needed to change the price of bitcoin, as it was after 2013 and after 2016. but nevertheless, we still have to see the rise and fall more than once, since you correctly stated that the main goal of investors is to buy cheaper and sell more expensive.

They could be the ones that are losing money but they are also the ones that are making money as well. You can never know how a trader makes his money, sometimes they are profiting sometimes they are losing, the same trader could have the different results in a month. There are traders who are good at what they do and there are traders who are bad at what they do, which means you will see both of those type of people in the world as well.

So, when you look at it we are talking about good traders making more profit but sometimes lose a little and bad traders who lose usually but make profit time to time. All of these happens every single day thousands of people all around the world. So, long term is not the only way to make money from bitcoin world.

Because we have different motive in Buying bitcoin,What you are pointing are those people that willing to Buy and Hold for at least semi Long time.

But there are also people that cannot stay holding because they tend to do trading as bread and butter and they are those who wanted to at least make money instantly.

Sad to say but mostly they are the one that losing in this market.

Because of becoming panic whenever there are small falling in the market that makes them more vulnerable.

It is smart to know that bitcoin will rise in price at any time, and will rise explosively, either due to the post-halving effect, covid-19, and the simple inspection that has completed much of its accumulation stage.

Investing is simple, you buy and make profits only when prices rise, that is the logic of large investors.

I agree with you, it all sums up to what each individual decides to do at that point in time, be it to trade, hodl, or sell bitcoin. And from experience, doing your personal wishes would make you blameless when it does not turn out as you have hoped. I think a few of them will learn after couple of bad results.

How much long term are we talking about? I mean right now if we are talking about the year 2020, I would say it is still bullish but not insanely bullish, just a very positive outlook on the world type of bullish, a good morning to wake up to type of bullish. However, if we are talking about the next 5 years when we will both live out this current halving and all its causes, but we will also have another halving plus another year on top of that to take that one in as well.

Now THAT will be bullish, the next 5 years of bitcoin will probably see us go over 50k eventually because of all the halving causes, we are talking about impacts of 2 of them and basically miners not making a lot of money + all the money they are selling right now to compensate their costs.

Well, that depends on the situation. I still believe Bitcoin won't be very bullish unless we can't find the cure for covid-19 and recover economically. However, the good thing is, Bitcoin still holds to a good figure despite of the economic recession and the panic buying due to fear of community lockdown.
Practically speaking, Bitcoin ideally become bullish next year when everything recovers back to normal.
The new normal, is making every lives hard to live, as most of the companies were having skeletal work force, thus depriving some investors to buy more fractions of Bitcoin.

All the analysts are supporting bitcoin but the government isn't supporting it not even a little bit. They like the idea of block-chain behind bitcoin but not the idea of a decentralized currency as then everyone will be independent and money won't be centralized and out of control of government which they can't afford.

So in future anything can happen, either the government's would make bitcoins holding, possession and dealing an illegal thing or either they would regulate the bitcoin industry.

Bitcoin is bullish in long run for years, but OP describe this like a discovering of hot water! Do we have a person on this forum that thinks otherwise?! I don't think so, we have spammers, fudsters, but I don't count them. We had halving recently, everything was fine, for the first time Bitcoin had halving with 4 digits price! Who knows that expect a bullish run next year, others can fear and worry about it. I expect history to repeat itself once again, bitcoin to make new all times high price and then to drop to some new bottom, and that new bottom will be a much higher price than it's now.

BTC looks to be starting the current track as the previous halving events.” The medium-term trend of Bitcoin is optimistic, but This emphasized that retests of lower support levels and pullbacks are unavoidable in the short-term. The BTC price  $9,000 early on Tuesday, even as on-chain data suggests spiking investor interest in the top cryptocurrency by market value of market.

I'm 100% sure that long-term bitcoin is very bullish, hopefully the trend line resistance at $ 11000 has passed and the candle stops above $ 11000, then Bitcoin will be able to reach $ 19,000 again, I know people want to want something like that, but for this year Bitcoin must work hard for breakout  

Nothing wrong in saving BTC if you are only using the amount that you can afford to lose,because if we are talking about your
 Saved Funds here and expecting that you have someamount to withdraw in case of emergency?

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This is not that right way to think.because the Volatility of cryptocurrency can
fluctuate at any time and may grow at same time
also,so looking into long term is that Bitcoin holding is good,but For emergency funds?then this is bad.if you are not
willing to wait years of your investments then
 never think of Bitcoin or other crypto
 currency investing.

bitcoin looks more promising on a short term because the price can easily dragged down the moment price touches at certain point like for example when it reaches 10k usd  for example but you and other people think that btc price can improve more in the long run which was also right i guess if we compare past value from now . btc is an evolution of a currency because currency started physical before but now we have btc which was digital.  nothing wrong in saving btc because it was like saving money but other think its bad and they didnt encourage it

I agree with your subject OP, the bullishness of bitcoin on the long term is the core reasons why bitcoin is explained as a store of value and wealth, because over the years, it has the tendencies of mooning and bringing profits to investors.

It is normal when people worry, thats why there are short term and long term investments, if you have emotions interfere with you hodling, just do short term investment.

for long term it is certain that Bitcoin is very promising, all technology experts have also stated that Bitcoin will be an evolution of a currency,
so saving Bitcoin is not wrong