Bitcoin Is The Father After All | Bitcointalksearch.org

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Quote from: Patrol69 on September 22, 2023, 11:36:34 PM

Bitcoin is known as the king of cryptocurrencies. There are several reasons why Bitcoin is considered the king of cryptocurrencies. All other coins in the market are not dependent on themselves but are directly or indirectly dependent on Bitcoin. You must have realized by now that when the value of Bitcoin increases, all other coins increase in value, but when there is bad news in the Bitcoin market or the Bitcoin market begins to pray downwards, then all other coins in the market start going down.

Bitcoin market green means all other coins in the market are positive, Bitcoin market red means the entire market is red. That's why people trust Bitcoin so much and invest in Bitcoin.

Bitcoin has truly disrupted the traditional world of finance and introduced a new and revolutionary concept of financial freedom. Bitcoin has accomplished something that humanity has not witnessed for centuries, which makes it truly remarkable. His ability to stand up even in the midst of controversy is a testament to his unique qualities.

Moreover, when it comes to competing with Bitcoin, many altcoins have tried but failed to dethrone it. It is accurate to say that Bitcoin is the king of the cryptocurrency realm, and it seems that no one can challenge the king's dominance.

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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 ?

Most of the people who are long term holders are waiting for the year 2024 and 2025 because if you do speculation according to history, it can be seen that Bitcoin halving will start in 2024 and there may be a bull run around the year 2025 although, with 100% guarantee, no one can speculate about the cryptocurrency market.
And yes, the price of Bitcoin influences the entire crypto market, it is called Bitcoin Dominance. There may be various reasons behind this. First of all, alternative coins are influenced by Bitcoin, so there is a fact in this case. Then again many times many alternatives do Bitcoin with Trading Pairs in this case when the price of Bitcoin increases or the price decreases then the effect comes here. Basically Bitcoin influences the whole crypto currency. Like in real life we are influenced by many people like superstars. Bitcoin is the superstar of crypto industry.

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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 ?

I think that, in general, btc is the main cryptocurrency at the moment. Btc price fluctuations determine the overall cryptocurrency market dynamics, so that's why halving is an important event in cryptocurrency market, and all the other cryptocurrency prices are also dependent on btc halving. As for 2024/2025 season... I don't think that prices will rise dramatically, though there may be some serious price leaps...

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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.

Halving is coming in the year 2024 but before that we are still going to experience the market pumping gradually till we are closer to the 2020 all time high of $68,000 after the Halving next year, the market will appear so volatile and there will be more of pumps and dumps on the market while we keep having some new heights on bitcoin market price value till we attain the highest peak above $68,000 also after the Halving next year or beyond.

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Quote from: MFahad on September 24, 2023, 11:41:37 AM

Quote from: Patrol69 on September 22, 2023, 11:36:34 PM

Bitcoin is known as the king of cryptocurrencies. There are several reasons why Bitcoin is considered the king of cryptocurrencies. All other coins in the market are not dependent on themselves but are directly or indirectly dependent on Bitcoin. You must have realized by now that when the value of Bitcoin increases, all other coins increase in value, but when there is bad news in the Bitcoin market or the Bitcoin market begins to pray downwards, then all other coins in the market start going down.

Bitcoin market green means all other coins in the market are positive, Bitcoin market red means the entire market is red. That's why people trust Bitcoin so much and invest in Bitcoin.

Bitcoin's price is not dependent on any coins but other Coin's price are related to dumping and pumping of bitcoin therefore buyers are always in wait of dumping to find an opportunity for their revenue investment.

Another reason is that volatility does not effect bitcoin as much as it effects other currencies and effects are not se adverse that it totally disappear bitcoin like that of other coins. Whenever bad things happens in market people loss their believe in selected coins but their trust remains strong on bitcoin as past describes everything.

And this can be easily corroborated with a correlation analysis, and we can see that even the biggest altcoins that exist depend on bitcoin to go up in price, and while the correlation is not perfect, it is definitely there.

This is why it makes very little sense to try to invest in high risk coins right now when bitcoin is not ready to go up in value, however once the halving happens and the bull run is in place then anyone ready to take their chances with altcoins will have better chances of actually making money with their investment.

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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 ?

The price of bitcoin has a big influence to the price of other coins that is why bitcoin is known to be the king of cryptocurrency. People who are investing in altcoins are waiting to see the rise of bitcoin because it will definitely be an advantage to them. If their is no bitcoin, their won't be any cryptocurrency.

I think with this evidence of bitcoin influencing the price of other cryptocurrency should be the reason why people must invest in bitcoin, it is the most reliable coin to invest, other coin are imitation of bitcoin.

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Quote from: Patrol69 on September 22, 2023, 11:36:34 PM

Bitcoin is known as the king of cryptocurrencies. There are several reasons why Bitcoin is considered the king of cryptocurrencies. All other coins in the market are not dependent on themselves but are directly or indirectly dependent on Bitcoin. You must have realized by now that when the value of Bitcoin increases, all other coins increase in value, but when there is bad news in the Bitcoin market or the Bitcoin market begins to pray downwards, then all other coins in the market start going down.

Bitcoin market green means all other coins in the market are positive, Bitcoin market red means the entire market is red. That's why people trust Bitcoin so much and invest in Bitcoin.

Bitcoin's price is not dependent on any coins but other Coin's price are related to dumping and pumping of bitcoin therefore buyers are always in wait of dumping to find an opportunity for their revenue investment.

Another reason is that volatility does not effect bitcoin as much as it effects other currencies and effects are not se adverse that it totally disappear bitcoin like that of other coins. Whenever bad things happens in market people loss their believe in selected coins but their trust remains strong on bitcoin as past describes everything.

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Quote from: hd49728 on September 22, 2023, 11:09:29 PM

Quote from: legendbtc on September 22, 2023, 10:59:42 PM

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.

When they invest money in cryptocurrency market, a first cryptocurrency they must invest in should be Bitcoin. It is even not enough, their biggest part of investment should be used to buy Bitcoin. The minority of their capital can be used to buy altcoins.

Because altcoins are more risky than Bitcoin and if an investor focuses on protecting capital first, they will not use most of capital for altcoins. Unfortunately in reality, most of investors are not interested in Bitcoin and they fall in love with altcoins. Most or all of their capital are for altcoins and with destiny of altcoins is likely dead, they lose most of their capital.

Investors today seem to ignore the factor of capital preservation before thinking about profits, so they rush to put most of their assets into altcoins instead of investing only a small portion in those risky projects. And that's also why we'll see altcoins will always exist and more and more projects will be created because the demand for them is actually getting bigger and bigger. Everyone wants to get rich quickly instead of slowly and accumulate wealth through bitcoin.

Quote from: hd49728 on September 22, 2023, 11:09:29 PM

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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.

Potential altcoins is a very promising term to attract altcoin investors but with each bear market, many potential altcoins die. We will see more potential altcoins in 2024 and 2025 but in 2026 and 2027, most of them will die again like previous cycles.

I also invest in altcoins and if I'm being frank, I'm gambling there, not investing. The altcoin market is a place for speculation and gambling rather than investment, so I only invest with a small amount of capital and if I choose the wrong project, it will not seriously affect me.

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Quote from: hd49728 on September 22, 2023, 11:09:29 PM

Quote from: legendbtc on September 22, 2023, 10:59:42 PM

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.

When they invest money in cryptocurrency market, a first cryptocurrency they must invest in should be Bitcoin. It is even not enough, their biggest part of investment should be used to buy Bitcoin. The minority of their capital can be used to buy altcoins.

Some investers are aiming for more profit regardless of the risk. Since Bitcoin profit isn't as huge as before, many investors wanted to duplicate the profit taken by other investors that get lucky on investing in altcoins.

Quote

Because altcoins are more risky than Bitcoin and if an investor focuses on protecting capital first, they will not use most of capital for altcoins. Unfortunately in reality, most of investors are not interested in Bitcoin and they fall in love with altcoins. Most or all of their capital are for altcoins and with destiny of altcoins is likely dead, they lose most of their capital.

It is true altcoins are more risky than Bitcoin but altcoins today offers way more profit than the Bitcoin market can offer. Investors does not mind if the altcoin's end is being worthless bacause they aim to get in early and when the price skyrocketed dump their holding to the newcomers.

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Quote from: pooya87 on September 20, 2023, 09:28:04 AM

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

where price of Bitcoin will definitely hit a higher price due to scarcity.

Not because of scarcity (since bitcoin supply is always increasing) but because of less new-sell-pressure as miners will have less income and they will be able to sell less freshly mined coins in the market.

Quote

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.

Bitcoin price rise actually leads to altcoin dumps but what altcoin trades hope for is that as bitcoin starts rallying it will attract a lot of capital, some part of that capital can also go into the altcoin market and help pump some of the shitcoins they are bag holding.

I'm having a strong feeling that the next bull market will not see significant surge in price for altcoins. I can be wrong but check Bitcoin dominance to see that it has been on the rise since last year. Perhaps, many people are coming to terms with the fact that Bitcoin is the future. So I agree with you that Bitcoin price rise leads to altcoins dump.

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Quote from: RockBell on September 23, 2023, 07:39:34 AM

Quote from: Patrol69 on September 22, 2023, 11:36:34 PM

Bitcoin is known as the king of cryptocurrencies. There are several reasons why Bitcoin is considered the king of cryptocurrencies. All other coins in the market are not dependent on themselves but are directly or indirectly dependent on Bitcoin. You must have realized by now that when the value of Bitcoin increases, all other coins increase in value, but when there is bad news in the Bitcoin market or the Bitcoin market begins to pray downwards, then all other coins in the market start going down.

Bitcoin market green means all other coins in the market are positive, Bitcoin market red means the entire market is red. That's why people trust Bitcoin so much and invest in Bitcoin.

Because Bitcoin was the first cryptocurrency and the gateway for other currencies, other altcoins are fully dependent on Bitcoin, and if anything happens to Bitcoin, other cryptocurrencies will be affected in some way, and watching what is happening in the market, if anything happens in terms of news either good or bad news, its effect will be seen in the entire market. Despite the fact that the nature of Bitcoin has boosted its value, people still choose to deal with Bitcoin since it is safe and can withstand any type of obstacle as when compared to others that are susceptible. and even for a very long time, bitcoin will continue to be king because the color will still be determined by the king.

Well, we can hope for Bitcoin to be the king forever, or at least until we are alive. However, the world keeps changing and so does the technology, it keeps getting advanced and even though we might think there can't be a better thing than Bitcoin and blockchain technology, the time will surely surprise us and the whole world might see a new innovation better than this. For now, it doesn't seem possible and we will keep saying Bitcoin is the king.

The reason why Bitcoin leads the charge is because whenever the market conditions start changing, people react very quickly with both Bitcoin and altcoins that they are holding. If they see the market is going up, they start buying both Bitcoin and altcoins, and the same happens when the market starts going down.

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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 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.

many tokens from the bounty will just be useless trash tokens. Even the top Altcoins still have the risk of being scammed, let alone new Altcoins that are not clear. The bull run season is coming soon but are we ready with the assets we know?
don't hold onto altcoins that don't have any potential. Because if bitcoin goes up an altcoin that doesn't have good development won't follow the market price, it will just be abandoned.

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Quote from: fuguebtc on September 23, 2023, 05:16:32 AM

Quote from: Patrol69 on September 22, 2023, 11:36:34 PM

Bitcoin is known as the king of cryptocurrencies.

For me, Bitcoin is not only the father of all altcoins, bitcoin is also the king of the entire cryptocurrency industry and if the king cannot survive, the country's survival will also be very difficult to maintain.

Up to now, we can see many new projects being born and always wanting to declare war on ETH and always wanting to become a replacement for ETH. But do we see any projects daring to challenge bitcoin's throne? I've never seen a project have the courage to claim that. That shows us the true power that bitcoin is dominating the market.

Bitcoin is a revolution, not just a digital asset. Its inception set off a wave that altered our perspective on finance. While several cryptocurrencies strive to become the next Ethereum, none have the guts to compete with Bitcoin. How come? Power is the simple solution. It is impossible to dispute Bitcoin's enormous power. But where there is power, there is resistance, as history has demonstrated. Do not believe that Bitcoin's dominance is uncontested. Though they may not openly state their goals, there are actors in the background and hidden forces at work who are surely preparing their moves. We are merely onlookers as a silent game of chess is being played.

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Quote from: Patrol69 on September 22, 2023, 11:36:34 PM

Bitcoin is known as the king of cryptocurrencies. There are several reasons why Bitcoin is considered the king of cryptocurrencies. All other coins in the market are not dependent on themselves but are directly or indirectly dependent on Bitcoin. You must have realized by now that when the value of Bitcoin increases, all other coins increase in value, but when there is bad news in the Bitcoin market or the Bitcoin market begins to pray downwards, then all other coins in the market start going down.

Bitcoin market green means all other coins in the market are positive, Bitcoin market red means the entire market is red. That's why people trust Bitcoin so much and invest in Bitcoin.

Because Bitcoin was the first cryptocurrency and the gateway for other currencies, other altcoins are fully dependent on Bitcoin, and if anything happens to Bitcoin, other cryptocurrencies will be affected in some way, and watching what is happening in the market, if anything happens in terms of news either good or bad news, its effect will be seen in the entire market. Despite the fact that the nature of Bitcoin has boosted its value, people still choose to deal with Bitcoin since it is safe and can withstand any type of obstacle as when compared to others that are susceptible. and even for a very long time, bitcoin will continue to be king because the color will still be determined by the king.

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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.

Scarcity can indeed cause an asset like Bitcoin to experience a greater increase in price if the number of people interested in it starts to continue to increase at that moment. That is why experts say that Bitcoin holders are really looking forward to 2024/2025, because maybe that year is very vulnerable to the profits that many people can get, especially those who like to hold Bitcoin.

Quote

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.

The influence of increasing Bitcoin prices in the market will always be there for other cryptocurrencies because this has also happened before when Bitcoin increased and reached ATH in 2021. So the effectiveness of the Bitcoin price is indeed very large for other cryptocurrencies and market conditions because when all prices is in the green zone, as if everything has changed for the better in the market.

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Quote from: Patrol69 on September 22, 2023, 11:36:34 PM

Bitcoin is known as the king of cryptocurrencies.

For me, Bitcoin is not only the father of all altcoins, bitcoin is also the king of the entire cryptocurrency industry and if the king cannot survive, the country's survival will also be very difficult to maintain.

Up to now, we can see many new projects being born and always wanting to declare war on ETH and always wanting to become a replacement for ETH. But do we see any projects daring to challenge bitcoin's throne? I've never seen a project have the courage to claim that. That shows us the true power that bitcoin is dominating the market.

Latviand

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Thanks for putting what everyone knows already on a post, pretty sure that's the only reason why people that don't use bitcoin are still on the lookout for news in the bitcoin space. I'd also like to point out to you that if you actually get out of the bitcoin bubble/echo chamber, you would know that there's still not a lot of people that knows about bitcoin.

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Bitcoin is known as the king of cryptocurrencies. There are several reasons why Bitcoin is considered the king of cryptocurrencies. All other coins in the market are not dependent on themselves but are directly or indirectly dependent on Bitcoin. You must have realized by now that when the value of Bitcoin increases, all other coins increase in value, but when there is bad news in the Bitcoin market or the Bitcoin market begins to pray downwards, then all other coins in the market start going down.

Bitcoin market green means all other coins in the market are positive, Bitcoin market red means the entire market is red. That's why people trust Bitcoin so much and invest in 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 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 ?

We all know that the price of Bitcoin will reach a high in 2024/25. But I can't say for sure if people are holding their bitcoins and waiting for the bull. However, most investors predict that after the Bitcoin halving, the price will go to a higher level and Bitcoin will once again make its history. Moreover, I believe that Bitcoin investors are holding their Bitcoins for the time being, until Bitcoin sees ATH in the market. A large number of Bitcoin investors have held on only to sell in a bull market, but many people currently sell their Bitcoins instead of waiting. Because people are not holding bitcoins to meet their money needs, but they are selling them to run their daily lives. However, for those investors who are currently holding Bitcoin, good times are definitely waiting, Bitcoin will bring great value soon as we see the market power.

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Quote from: legendbtc on September 22, 2023, 10:59:42 PM

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.

When they invest money in cryptocurrency market, a first cryptocurrency they must invest in should be Bitcoin. It is even not enough, their biggest part of investment should be used to buy Bitcoin. The minority of their capital can be used to buy altcoins.

Because altcoins are more risky than Bitcoin and if an investor focuses on protecting capital first, they will not use most of capital for altcoins. Unfortunately in reality, most of investors are not interested in Bitcoin and they fall in love with altcoins. Most or all of their capital are for altcoins and with destiny of altcoins is likely dead, they lose most of their capital.

Quote

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.

Potential altcoins is a very promising term to attract altcoin investors but with each bear market, many potential altcoins die. We will see more potential altcoins in 2024 and 2025 but in 2026 and 2027, most of them will die again like previous cycles.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

Quote

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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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.

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We call Bitcoin the mother of all coins. However, it's similar, and there's no doubt that Bitcoin is the king of cryptocurrency. To be honest, Bitcoin will always exist as a king. Because of my experience, I have seen a couple of times in my crypto journey how Bitcoin reacts. Bitcoin holders who hold it for a long time are always gainers. We have seen many predictions that Bitcoin will start a bull run by next year. I agree with that, though I don't believe some unrealistic predictions. It's because there will be a FOMO due to the upcoming halving. Those who are on Bitcoin should capitalise on the halving FOMO if they have not yet accumulated it. It's time to make money from Bitcoin.

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

Bitcoin Is The Father After All

And the mother? And the guy that was the previously assumed father? Grin

Now, even if we meant father of all crypto, he was a terrible one, I mean 90% of his sons were scammers, two of them tried to pull a Chronos and Zeus move and stab him, and right now he's on the point of getting evicted out of his block by his own memes!

Oh god (the real one if there is one at all), just make topics go away!

Quote from: Blitzboy on September 20, 2023, 08:45:45 AM

Numerous altcoins now have strong use-cases and can drive the market in their own

Let's count out memes and so-called smart contracts, what REAL-LIFE use cases does any altcoin have?
Name a few of those coins and cases cause for almost ten years I'm still waiting to witness a real one!

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Quote from: BitDane on September 20, 2023, 01:43:03 PM

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

So what's your opinion ?

It is observed that when Bitcoin started to rally, other cryptocurrency seems to follow. This is the reason why even non-Bitcoin holder also looks forward to Bitcoin halving event, because Bitcoin halving is the major catalyst for the market to transition to Bullish one. And when the Bitcoin market enters the Bull season, a new ATH is recorded along the way.

The hype of Bitcoin impact other cryptocurrencies because they use this instances to market their own coins and since the sentiment of the cryptocurrency market is positive, every thing seems going to an uphill ride so even the altcoin market is affected positively by the Bitcoin market surge.

Mind you, it's not only BTC halving that is expected to occur. Some other crypto currencies would be expected to fulfil their own halving too.

BTC as the first is also the first to have an active forum like this with a large community of members who have and share same interest of which is BTC.
Even those of us that have delved into altcoins, shitcoins or memecoins as known, still rate BTC as number one because we have witnessed significant moments since it's creation till now, and it still stands solid on top with promise of even being better and more valuable asset to invest in.

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Whoa, congrats for understanding the concept of halving. From the very beginning, this has been one of the main ideas behind Bitcoin. Well done, though, for catching up.

If you'd done more research, you'd realize Bitcoin's impact on the crypto industry is unmatched. But HEY, everyone starts somewhere, don't they? It makes sense that when Bitcoin goes up, the market usually goes up too, and the other way around. Your surprise that people who don't own Bitcoin knew about the splitting ahead of time is cute, but those of us who have been in the game for a while can see it coming a mile away. Keep reading, and maybe next time you'll impress us with something we don't already know.

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

So what's your opinion ?

It is observed that when Bitcoin started to rally, other cryptocurrency seems to follow. This is the reason why even non-Bitcoin holder also looks forward to Bitcoin halving event, because Bitcoin halving is the major catalyst for the market to transition to Bullish one. And when the Bitcoin market enters the Bull season, a new ATH is recorded along the way.

The hype of Bitcoin impact other cryptocurrencies because they use this instances to market their own coins and since the sentiment of the cryptocurrency market is positive, every thing seems going to an uphill ride so even the altcoin market is affected positively by the Bitcoin market surge.

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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, where price of Bitcoin will definitely hit a higher price due to scarcity.

I can’t remember coming across this statement anywhere that bitcoin will become scarce, and the effect of scarcity will lead to high price of it. Halving leads to decrease in miners rewards, the price increase should have something to do with that and not because bitcoin is going to be scarce, it will not be scarce even at that period. More purchase of bitcoin at that time could lead to high price that time but this cannot still be quantify or even related to what actually halving is all about.

Quote

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.

As you said bitcoin is the father of all coin, so every coin will follow the path of bitcoin. The reason they’re also happy at the season of bull run is that, their altcoin holdings will also increase in value and they can cash out some significant amount of money from it, without minding how long they will remain in the market thereby dumping the coins after making profits.

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Quote from: serveria.com on September 20, 2023, 10:05:01 AM

Quote from: pooya87 on September 20, 2023, 09:28:04 AM

Not because of scarcity (since bitcoin supply is always increasing) but because of less new-sell-pressure as miners will have less income and they will be able to sell less freshly mined coins in the market.

Well, technically not "always" but until 21 million coins will be mined, but I agree: lower reward would lead to less Bitcoins released to the open market and price eventually rising. But fewer Bitcoins being mined also causes scarcity.

I think it’s more about scarcity than any other elements to it might account for the increased price of bitcoin. The halving might play a vital role in this as, it’s a major event not just for bitcoin but, within the cryptospace entirely.
The halving basically brings about an explosive publicity for bitcoin thereby, brining in new and huge investors who/whom hope to take opportunity of the innovative awareness which creates more buy pressure on circulating coins (remember: many of these coins are still been hoarded in various wallets) and the block reward continues to disintegrate.

So, there is an inverse relationship that exists here which is,
The disintegration of block reward, followed by the increased population of investors. This creates the conditions for scarcity and as such, price appreciation.

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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 ?

In my opinion, you are one hundred percent right, but you should say that Bitcoin is the kind, not the father. But it also conveys the message. I really liked your enthusiasm about BTC and how much belief you have in the halving (scarcity) factor that will increase the price of BTC to new heights.

But you should not take it for guaranteed and only invest with what you don't fear to lose. This means that would not affect your practical life and your mental health. Most people with such a mindset think that if the market is really going up then why not just invest it all and when the new ATH is made then we will book the profit or we will book the profit when we get the chance at first hand.

This idea seems good but it's not that easy to hold, accumulate BTC, and then time the market to book the profit, while you can fall prey to market sentiments on the way. I am not trying to scare you instead I just wanted to warn you that, don't take things for a guarantee as in crypto we don't have any guarantee.

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Years ago I have always predict that a time will come where some altcoins will cut the connection from Bitcoin, been the father of all crypto is right but no son stays in their fathers home forever, isn't it? Now many altcoins have very useful use cases, always know that sons are meant to surpass their fathers.

The future is unpredictable, this is why I am not buying the idea that what have happened in the past will happen again, many are focusing on 2024/2025 because of Bitcoin halving and because of the past, but we can't know what will happen.

What if by 2025 a new virus breaks out? The Bitcoin bull market will break off, there are a few other factors that we need to look at, but we are too focused on the past repeating itself, I hope it all goes the way we want.

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Why no bitcoin holders interested? It is because when money talks, many are there wanting to listen. Just as they've seen the past performances of Bitcoin, they're always there during the peak of it but whenever the price drops, that's when they are not listening anymore.
It is as simple as that because they think that it's the best that they can do to look at the market when there's something big that's happening, but when there's not that much movement and it's just all bears and dumps they don't want to listen and not interested at all.
We have to admit that fact and even us, there have been point of our lives that we're too stagnant and don't have appetite at all because of how the market has moved negatively.

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Quote from: pooya87 on September 20, 2023, 09:28:04 AM

Not because of scarcity (since bitcoin supply is always increasing) but because of less new-sell-pressure as miners will have less income and they will be able to sell less freshly mined coins in the market.

Well, technically not "always" but until 21 million coins will be mined, but I agree: lower reward would lead to less Bitcoins released to the open market and price eventually rising. But fewer Bitcoins being mined also causes scarcity.

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Quote from: HONDACD125 on September 20, 2023, 05:36:45 AM

April 2024 is the year of Bitcoin's halving, and of course there is very little time left for that. Experts are declaring 2024/25 as bull season. There is no doubt that Bitcoin has a strong potential to reach a higher price.I would slightly disagree with you that a large number of Bitcoin and Bitcoin holders are not looking forward to this season.

There is no doubt that Bitcoin has a huge impact on prices in all crypto currency markets,and the entire pricing structure is tied to Bitcoin.It is considered as the king of all crypt currencies in the crypto currency market,but that doesn't mean that people who have Bitcoin or are buying Bitcoin aren't waiting for bull season.

Rather, all those who bought Bitcoin in the bear season are definitely waiting for the bull season to reap good profits. A strong Bitcoin position doesn't mean you should hold it forever, but sell it when you get a good profit,because there is always the chance, that when the prices go up, they will go down again, where you can buy Bitcoin at a low price again, because after every bull season comes the bear season.The bottom line is that we all always invest to get a good return.

I didn't get it, your points here doesn't collide with what OP said about non bitcoin holders. Unless I read it wrongly, but the non bitcoin holders are interested in the bitcoin bull run, because they'll benefit as well. They'll be a huge movement in the price of their altcoins. It's fine to sell during the bull, for profit reasons, but regrettable when selling at the wrong time. And that's why hodlers must stay observant to correctly indicate the beginning of bear season after the bullish run. On the other hand, are we just trusting on the halving season as a bullish moment because of past positive reactions of bitcoin price after halving. I mean isn't it speculation or prediction. Is they any algorithm that backs the trust of having a bullish run after halving. However, if the price of bitcoin goes up others follow, and it makes it the father indeed. Because bitcoin is talked about in media, a lot of TV stations and financial blogs always discuss bitcoin during bull run, and it helps the growth of cryptocurrency market in general. Despite the risk involved many people will invest or look for altcoins with small prices to invest, hoping for huge profits during the bull run.

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Quote from: pooya87 on September 20, 2023, 09:28:04 AM

Not because of scarcity (since bitcoin supply is always increasing)

So calling Bitcoin is deflationary is not accurate but many people think about Bitcoin like this.

Quote

Bitcoin price rise actually leads to altcoin dumps but what altcoin trades hope for is that as bitcoin starts rallying it will attract a lot of capital, some part of that capital can also go into the altcoin market and help pump some of the shitcoins they are bag holding.

They hope very high like this but they don't know that market makers will only use their capital to pump altcoins after they finish their jobs with Bitcoin. After gaining profit from Bitcoin bull run, they will use small part of profit to play around with altcoins.

Altcoins must wait months for Bitcoin bull run to complete, to start their own bull runs which are unsustainable. Capital flow into altcoins will be withdrawn very quickly and when bear market comes, altcoins bring most painful losses to investors.

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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.

The movement of the price of altcoins solely depends on Bitcoin. Many altcoin holders believe that the Bitcoin halving will also have a positive impact on the prices of altcoins. It is vital to know that it is not certain that the Bitcoin halving will lead to a pump in the price of all altcoins. The bull run is always the season of increase in scam shitcoins. Hence, people who are hoping to make huge instant gains should be careful.

Quote from: Texac on September 20, 2023, 09:19:38 AM

Financial experts don't have a crystal ball to predict the future, and they aren't the ones who draw the future. so their prediction is no different from ours, it may or may not happen.

I have stopped listening to the predictions of these so-called financial experts since I can access most information I need. Most of them know nothing about the Bitcoin ecosystem. Most of their prediction is based on assumptions that sometimes turns out to be fake.

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Halving is something quite technical and pure, so it can be predicted with a great degree of accuracy. I couldn't find precise info about the margin of error there, but I think it's in days, maximum a few weeks. As for the price, it's not something that can be accurately predicted at all, unless we're talking about very generic predictions (for example, it's highly unlikely Bitcoin will cost less than $10k in 2024, and it's also highly likely the price will not be above $500k).
As for Bitcoin being the father of the crypto market, I suppose you could say that, considering that other coins appeared later but based on the same technology, but I don't think this metaphor means much to me because fathers can be different, Bitcoin did not take part in upbringing of other cryptos, etc.

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

where price of Bitcoin will definitely hit a higher price due to scarcity.

Not because of scarcity (since bitcoin supply is always increasing) but because of less new-sell-pressure as miners will have less income and they will be able to sell less freshly mined coins in the market.

Quote

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.

Bitcoin price rise actually leads to altcoin dumps but what altcoin trades hope for is that as bitcoin starts rallying it will attract a lot of capital, some part of that capital can also go into the altcoin market and help pump some of the shitcoins they are bag holding.

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Quote from: Blitzboy on September 20, 2023, 08:45:45 AM

just because "experts" predict something doesnt mean its bound to happen. History is riddled with financial forecasts that have gone terribly wrong. Sure, the halving might induce scarcity, but there are countless other factors at play, like global economic conditions, regulatory decisions, and technological developments, to name a few.

And lets address this "father of all" statement. Bitcoin might have pioneered the crypto movement, but to consider it the sole determining factor for the entire market's health? That's an oversimplification. Numerous altcoins now have strong use-cases and can drive the market in their own right.

As for non-Bitcoin holders, they might be optimistic, but they should tread with caution. Relying on a single event to impact the entire market might lead to disappointments.

Financial experts don't have a crystal ball to predict the future, and they aren't the ones who draw the future. so their prediction is no different from ours, it may or may not happen.

I agree that the halving was a strong catalyst for the past bull seasons, but it was not the only factor driving the uptrend. you're right, we're facing a lot and it's difficult to say what the next bull season will look like. the halving cannot guarantee us anything, but people are relying solely on it and ignoring other factors.

But as for calling bitcoin the father of them all, I would probably agree with the OP on this since bitcoin is still dominating almost 50% of the market cap, it is still the main determinant of existence of the cryptocurrency market.

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just because "experts" predict something doesnt mean its bound to happen. History is riddled with financial forecasts that have gone terribly wrong. Sure, the halving might induce scarcity, but there are countless other factors at play, like global economic conditions, regulatory decisions, and technological developments, to name a few.

And lets address this "father of all" statement. Bitcoin might have pioneered the crypto movement, but to consider it the sole determining factor for the entire market's health? That's an oversimplification. Numerous altcoins now have strong use-cases and can drive the market in their own right.

As for non-Bitcoin holders, they might be optimistic, but they should tread with caution. Relying on a single event to impact the entire market might lead to disappointments.

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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 ?

April 2024 is the year of Bitcoin's halving, and of course there is very little time left for that. Experts are declaring 2024/25 as bull season. There is no doubt that Bitcoin has a strong potential to reach a higher price.I would slightly disagree with you that a large number of Bitcoin and Bitcoin holders are not looking forward to this season.

There is no doubt that Bitcoin has a huge impact on prices in all crypto currency markets,and the entire pricing structure is tied to Bitcoin.It is considered as the king of all crypt currencies in the crypto currency market,but that doesn't mean that people who have Bitcoin or are buying Bitcoin aren't waiting for bull season.

Rather, all those who bought Bitcoin in the bear season are definitely waiting for the bull season to reap good profits. A strong Bitcoin position doesn't mean you should hold it forever, but sell it when you get a good profit,because there is always the chance, that when the prices go up, they will go down again, where you can buy Bitcoin at a low price again, because after every bull season comes the bear season.The bottom line is that we all always invest to get a good return.

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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 ?

Topic: Bitcoin Is The Father After All (Read 494 times)