Bitcoin Is The Father After All - page 2.

legendbtc

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Quote from: MFahad on September 21, 2023, 02:07:49 PM

Actually the other crypto coins are related with the price of bitcoin so those who cannot make investment in Bitcoin have bought some other coins therefore they are waiting for next Bull season to take benefit from it.

If they can invest in other coins, why can't they buy bitcoin? It's not that they can't afford to buy bitcoin, they're simply greedy and think that bitcoin doesn't bring significant profits so they choose to invest in altcoins. But they need to be careful because not all altcoins will increase in price with bitcoin, the bull season is still very far away and many altcoins will continue to disappear before the bull season really comes.

Quote from: MFahad on September 21, 2023, 02:07:49 PM

If the price of bitcoin increases there will be a good move in each activity of crypto because the market will enhances in price so one will easily get benefit if they already have made some investment previously.
Some individuals don't have made any investment but they are getting tokens from bounties so they are in hope that during Bull season there tokens will increases in price and they will take profit through this opportunity.

Even if you spend money on potential altcoins, there are no guarantees, so don't count on free coins from a bounty campaign. Things have changed a lot, free coins from bounty campaigns are trash these days. Holding on for long periods of time is pointless.

gunhell16

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Quote from: ColdLava40 on September 20, 2023, 04:53:16 AM

It is interesting to know that large number of Bitcoin and none Bitcoin holders are looking forward to 2024/2025. This is the year which so many experts has predicted to be the halving season, where price of Bitcoin will definitely hit a higher price due to scarcity.

You must be wondering why none Bitcoin holders are also looking forward to that same year,... Well it's because of how effective Bitcoin price will be to the crypto market entirely.

In other words, Bitcoin has the power to make a great price impact in the crypto market in general, which makes it the father of all.

So what's your opinion ?

You haven't even found this Bitcoin forum yet, buddy. Everyone in our community is aware that Bitcoin is the forefather of all cryptocurrencies. For the foreseeable future, it will continue to be the dominating digital currency in this business. Particularly given the expected Bitcoin split next year.

The movement of all cryptocurrencies is hence contingent on the movement of bitcoin in the market. And the majority of the crypto community understands that when Bitcoin climbs, most possible cryptos will experience a market reaction. When the price of BTC falls, the price of most altcoins falls as well, resulting in a market bomb.

OcTradism

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Quote from: Ale88 on September 22, 2023, 08:45:04 PM

Usually bitcoin moves in cycles, until now we get usually 3 good years and 1 very bad year, so I'm very curious to see if history is going to repeat itself once again.

The cycle comes together with Bitcoin halving that happens every four year. So Bitcoin cycle is about four year with 1 bullish year after halving but three previous years are not all bad. I agree 3 years before halving is bearish but only the first two years are very bearish and painful, a third year in a bearish phase is good enough because Bitcoin usually rallies very well as part of its warm up for a halving and bull run after halving.

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On one side it looks like it's even too predictable, on the other side we are having the halving and ETFs (probably) all about the same time, so we are going to have a situation where there are going to be less bitcoin on the market (since usually miners sell a lot of the rewards to keep the system going) and funds with a ton of money ready to buy. Either way it's going to be very interesting.

Bitcoin Spot ETFs will help Bitcoin to explode in a bull run and I believe we will see a first Bitcoin Spot ETF approval in the USA. I think it will probably be approved next one or two years but hopefully a first Bitcoin Spot ETF won't be the end of 2024 and 2025 bull run. In 2017 bull run, after first two Bitcoin Futures, CME and CBOE, Bitcoin made its all time high but a few weeks later, it began a bear market.

spectre71

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The US in scheduled for problems next. We will a housing collapse, banks going under. Inflation isn't nearly under control and won't be for a long time. We will see problem in the market and when the techs go down they take BTC with it. Sure ETF's are coming but those will only have an impact if investor put money in them.

Lot's of bad news coming. Biden hasn't finished fucking up America. If Newsome get's elected god help us all. Blood in the streets.

Ale88

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Quote from: ColdLava40 on September 20, 2023, 04:53:16 AM

It is interesting to know that large number of Bitcoin and none Bitcoin holders are looking forward to 2024/2025. This is the year which so many experts has predicted to be the halving season, where price of Bitcoin will definitely hit a higher price due to scarcity.

You must be wondering why none Bitcoin holders are also looking forward to that same year,... Well it's because of how effective Bitcoin price will be to the crypto market entirely.

In other words, Bitcoin has the power to make a great price impact in the crypto market in general, which makes it the father of all.

So what's your opinion ?

Usually bitcoin moves in cycles, until now we get usually 3 good years and 1 very bad year, so I'm very curious to see if history is going to repeat itself once again. On one side it looks like it's even too predictable, on the other side we are having the halving and ETFs (probably) all about the same time, so we are going to have a situation where there are going to be less bitcoin on the market (since usually miners sell a lot of the rewards to keep the system going) and funds with a ton of money ready to buy. Either way it's going to be very interesting.

romero121

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2024 halving had created big expectation over the rise in the price of bitcoin. How effective this gonna happen is completely unknown. According to me the rise gets initiated once after the scheduled time period. Till then we can expect the market to have the same pattern of market movements as now. Bitcoin without doubt is the king of cryptocurrencies, because none disagree it. Based on its movement will be the rest of the cryptocurrencies.

Till date through the days of halving new ath have been registered and the same is being expected this year. How good the price gonna peak can be understood during the closer days of halving. Sometimes this could be disappointing, and lets wait for it.

Dr.Bitcoin_Strange

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Quote from: ColdLava40 on September 20, 2023, 04:53:16 AM

This is the year which so many experts has predicted to be the halving season,

So what's your opinion ?

Is this not what everyone already knows?

Halving will take place next year, and many Bitcoiners and altcoiners are fully aware. Again, experts do not predict Bitcoin halving because, according to history, Bitcoin halving happens every four years. What experts predict is the price of Bitcoin during the bull market.

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Quote from: Aikidoka on September 20, 2023, 02:05:17 PM

Many bitcoiners waiting for the upcoming halving scheduled for April 2024. Since this event happens only once every four years, I believe it will have such a huge impact on Bitcoin's price. However, it have no clue whether this impact will be immediate or if it will take a few months to see a substantial change in the price.

I'm optimistic that 2024 will be a promising year for Bitcoin and I hope its price will reach a new ATH.

Honestly we can't wait to see through the new era of Bitcoin bull movement that we intend to see as soon as 2024 arrives here. That is going to bring the momentum to space back and people especially those that had been agitating that the market will never rise will see the true colour of the bull momentum. The bull is going to give traders a lot of profits especially those that had been analysing the market before the bull run. If Bitcoin don't go bullish then I don't think there is any altcoins that could take a bull part when Bitcoin has not taken the step of going bull. We still need to be holding our various coins projects and waiting for the turnover of the market.

Ojima-ojo

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Bitcoin halving will happen sometime around march or April 2024 and nothing connecting 2025 to this discussion so you should edit out the part that contains 2025 in your writing.

Secondly, what business do Bitcoin holders have with Bitcoin halving and expected market increases?
I see that you mentioned none Bitcoin holders also in your statement for that you may have to do some further clarifications on that aspect, be for we can continue the discussion further.

MFahad

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Actually the other crypto coins are related with the price of bitcoin so those who cannot make investment in Bitcoin have bought some other coins therefore they are waiting for next Bull season to take benefit from it.

If the price of bitcoin increases there will be a good move in each activity of crypto because the market will enhances in price so one will easily get benefit if they already have made some investment previously.
Some individuals don't have made any investment but they are getting tokens from bounties so they are in hope that during Bull season there tokens will increases in price and they will take profit through this opportunity.

tjtonmoy

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Quote from: ColdLava40 on September 20, 2023, 04:53:16 AM

You must be wondering why none Bitcoin holders are also looking forward to that same year,... Well it's because of how effective Bitcoin price will be to the crypto market entirely.

In other words, Bitcoin has the power to make a great price impact in the crypto market in general, which makes it the father of all.

So what's your opinion ?

You are wrong about it. Every Bitcoin investor is looking forward to the upcoming halving. Either they are accumulating Bitcoin through DCA or they are just strong hodlers hodling their previous accumulated Bitcoins. Those who are here with proper knowledge and know the history will always be looking forward to the halving no doubts.

And Bitcoin is not the reason for price pumps for other altcoins. It has no direct connection to them. But it is the sentiments that people feel towards the altcoins because of Bitcoin's price pump. We are the one who creates hype about other coins and makes a trend. But as we all know, trends tend to fade away. So those who are wise will always focus on Bitcoin and not on Altcoins. For this reason I agree that Bitcoin is the father.

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Is this like the One above all? Like in the comics? Lol. I'm just kidding.

Kidding aside, it is the start of the crypto era and the first one to have this kind of traction it's a game changer in the financial system and could somewhat be an imbalance at the start and it gave spread to the economy I think. It's a nice thing that it started.

Fivestar4everMVP

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It is already imprinted in history that every other coins and tokens in the market all pump really hard after bitcoin pumps, or during the time bitcoin is pumping, so that clearly explains why both bitcoin and non bitcoin holders are excited about the coming bull run which is anticipated to happen next year or 2025 as op said.

Bitcoin is a blessing to the entire human race, it has liberated several people, (both bitcoin investors and non bitcoin investors) from the shackles of poverty, and we all are optimistic that it is going to happen again, so yeah, if no bitcoin, then there is no crypto currency.

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Quote from: ColdLava40 on September 20, 2023, 04:53:16 AM

In other words, Bitcoin has the power to make a great price impact in the crypto market in general, which makes it the father of all.

So what's your opinion ?

It is true that bitcoin has the ability to create a big impact on market movements. If bitcoin drops, almost no altcoin will increase in price, so it can be said that bitcoin is dominating this market. But I don't think this makes it the father of everything, but simply that without bitcoin there would be no cryptocurrency market. Bitcoin was the first coin created and everything after that was copied and improved into today's altcoins. So it can be said that bitcoin is the father of all, and I think if bitcoin ceases to exist, the market will disappear along with bitcoin.

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Quote from: ColdLava40 on September 20, 2023, 04:53:16 AM

It is interesting to know that large number of Bitcoin and none Bitcoin holders are looking forward to 2024/2025. This is the year which so many experts has predicted to be the halving season, where price of Bitcoin will definitely hit a higher price due to scarcity.

You could be an "experts" yourself, you can make your prediction just like the others as it is just a wild guess.

As for 2024/2025, obviously history has it's precedent, we have seen that after the block halving we will have a massive bull run. It's just a question how big it will be in the next 2 years or so.

Quote from: ColdLava40 on September 20, 2023, 04:53:16 AM

In other words, Bitcoin has the power to make a great price impact in the crypto market in general, which makes it the father of all.

So what's your opinion ?

It's the prime mover, I think it's a better and good term instead of calling it Father as Bitcoin is not technically the first crypto. Satoshi took inspirations from other cyberpunks.

jeraldskie11

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The fluctuation of Bitcoin has an impact on altcoins. If the price of Bitcoin rises, so will the price of altcoins (and vice versa). Many cryptocurrency speculators are looking forward to the approaching Bitcoin halving. Some projects are waiting for it, which is why they are only now beginning to launch their projects. Many fraudulent crypto projects have immediately failed in the past, and now is the greatest time for them to launch their ventures, we have to be aware on this.
Even genuine cryptocurrencies see their prices collapse over time, negatively impacting the community.

Mr.suevie

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Quote from: ColdLava40 on September 20, 2023, 04:53:16 AM

It is interesting to know that large number of Bitcoin and none Bitcoin holders are looking forward to 2024/2025. This is the year which so many experts has predicted to be the halving season, where price of Bitcoin will definitely hit a higher price due to scarcity.

You must be wondering why none Bitcoin holders are also looking forward to that same year,... Well it's because of how effective Bitcoin price will be to the crypto market entirely.

In other words, Bitcoin has the power to make a great price impact in the crypto market in general, which makes it the father of all.

So what's your opinion ?

Even without this point of yours Bitcoin still remains the father of all according to the market price value compared to other cryptocurrency. Bitcoin stands out from every other crypto assest and yes I believe it has the Power to influence other crypto or coins in the Market as we have already been seeing it during the price fluctuation that happened with the price influx this year

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Quote from: ColdLava40 on September 20, 2023, 04:53:16 AM

It is interesting to know that large number of Bitcoin and none Bitcoin holders are looking forward to 2024/2025. This is the year which so many experts has predicted to be the halving season, where price of Bitcoin will definitely hit a higher price due to scarcity.

These experts' predictions are not guaranteed to hit a higher price value so it's not definite, the market is highly volatile and it depends on the news that's feeding them, even if the supply is lessened it still depends on the good and the bad news circulating in the community, but a lesser volume coming from miners' rewards will have a big impact in the community and the price in general.

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You must be wondering why none Bitcoin holders are also looking forward to that same year,... Well it's because of how effective Bitcoin price will be to the crypto market entirely.

In other words, Bitcoin has the power to make a great price impact in the crypto market in general, which makes it the father of all.

It never ceases to stop being the price indicator of the majority of coins in the market until now and it has a market dominance of 47.57% and will continue to be so in the next decade or more.

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Many individuals are eagerly anticipating the next Bitcoin halving speculation. Bitcoin enthusiasts, in particular, are keen not to miss out on this quadrennial event, which traditionally yields substantial gains for Bitcoin holders. Although it is still a year away, extensive preparations and savvy strategies are already being devised by a majority of the Bitcoin community.

Indeed, Bitcoin is the progenitor of all cryptocurrencies. Without Bitcoin, there would be no altcoins. It is widely acknowledged that Bitcoin serves as the primary benchmark in the world of cryptocurrency.

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Quote from: Aikidoka on September 20, 2023, 02:05:17 PM

Many bitcoiners waiting for the upcoming halving scheduled for April 2024. Since this event happens only once every four years, I believe it will have such a huge impact on Bitcoin's price. However, it have no clue whether this impact will be immediate or if it will take a few months to see a substantial change in the price.

I'm optimistic that 2024 will be a promising year for Bitcoin and I hope its price will reach a new ATH.

BTC always been hitting its ATH after a year or more after the halving. So I don't think that the effect will be immediate. But crypto taught us patience long time ago, so it's not a problem.

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