Topic: Bitcoin likely won't recover until 2025 - page 4. (Read 677 times)
I think if this quadrennial cycle continues, chances are we are now in the first phase of a bear market. Moreover, currently, the price of bitcoin has fallen by almost 40% from the ATH level since last November 2021. But I'm sure the pattern of the four-year cycle is unlikely to be the same now that many countries have adopted bitcoin. Therefore I expect we can welcome a bull market not until the end of 2024.
It seems to have happened because the price has dropped drastically but hopefully, it won't go down any further. Yes, people are now panicking to see the uncertain market conditions. If people are still panicking and selling their bitcoins quickly in the next few hours, that will trigger even more price declines. But it looks like this cycle won't be the same as it was a few years ago as things are already very different and an uptick is expected to come soon.
can't wait to see the price of bitcoin falls down to 20k level as this was my target value to re invest all my funds in bank 
I will risk everything that i have once this price reached back again.
I will risk everything that i have once this price reached back again.
You do it anyway, but what usually happens in these cases is that if it goes down to that level, the people who said they would buy at $20K, shit their pants and don't buy for fear of it going down further.
Imagine it gets to that level. It would be one step below $20K, and therefore, it would be the first time in a cycle that it goes below the top of the previous cycle. It would break all the schemes. Couple that with the fact that ATH this cycle, at least so far, has been relatively low, and I think a lot of people would panic if we hit $20K.
If that's the prediction and it happens, we don't need to panic and can only prepare ourselves by trying to get profit for profit from now on so that if it really happens, we can buy lots of coins at the most basic price.
But I don't really think about it because if it is related to the halving, the remaining bitcoins, then the possibility is that the bitcoin price can still be above $35k or, at worst, maybe around $30k-$35k or it should stay at $33k-$40k but I don't know.
But hopefully, the price can stay in this price range and don't drop so deep that it can bounce back to $40k.
I think it can make our profit, especially if the price is always like that so we can profit many times.
Well it is now , seeing bitcoin drops to below 35k and now staying at 34 k?But I don't really think about it because if it is related to the halving, the remaining bitcoins, then the possibility is that the bitcoin price can still be above $35k or, at worst, maybe around $30k-$35k or it should stay at $33k-$40k but I don't know.
But hopefully, the price can stay in this price range and don't drop so deep that it can bounce back to $40k.
I think it can make our profit, especially if the price is always like that so we can profit many times.
https://coinmarketcap.com/currencies/bitcoin/
maybe the support would be at least 30k the most ..
can't wait to see the price of bitcoin falls down to 20k level as this was my target value to re invest all my funds in bank
I will risk everything that i have once this price reached back again.
it is given that market of crypto falls after there is a great pump happen (that mostly comes from the effect of Bitcoin halving every 4 years) i remember the 2017 scenario in which when 2018 comes the price of bitcoin really dumped(but altcoin made its season in early months) and what can we expect this year?
as 2021 made our path really high and majority of us makes its way up as we experienced a great pumping as i myself took at least 200% of my growth.
Most likely it happen because base on history this scenario really happen that's why on next halving we must be prepared for the dump to come. I'm sure those who experience the past halving already know this but for new traders or holders better this will be a learning experience to them since it can help them to create their trading plans if bull market season arrives again.as 2021 made our path really high and majority of us makes its way up as we experienced a great pumping as i myself took at least 200% of my growth.
Halving might caused the value to dump if we look on the past dates but the duration is only 1 year and i think for me that was not long. After that, the price can go back again with greater returns. Buying and then holding is for 1 year is worth it. We still have 2 years to the next halving and cryptos can still recover and experience an ATH during this period.
Quote
Huobi co-founder Du Jun told CNBC on Sunday that bitcoin prices are often influenced by a technological change in the cryptocurrency's network, called "halving".
Halving is a key feature of bitcoin, and refers to a cutting in half of the amount of cryptocurrency that so-called miners receive as a reward for validating transactions.
The last halvings occurred in 2016 and 2020, and crypto analysts expect the next one to take place in 2024.
Halving is a key feature of bitcoin, and refers to a cutting in half of the amount of cryptocurrency that so-called miners receive as a reward for validating transactions.
The last halvings occurred in 2016 and 2020, and crypto analysts expect the next one to take place in 2024.
Huobi co-founder predicts this cycle is going to repeat itself, following the last bear market pattern, which started right after the ATH of 2017 and lasted long painful years... Is it too pessimistic to think this way or is the halving the real game changer factor which drives market's prices, as Du Jun says?
He also mentions another factors such pandemics and geopolitical issues can influence bitcoin's price, but it's clear the halving factor was highlighted as the most important and influent one among all.
Bitcoin is shaping up to enter a bear market and likely won't recover until 2025, co-founder of Huobi crypto exchange says
I also wouldn't believe if bitcoin wasn't able to recover or bounce back until 2025 it's a very long time running so bitcoin will continue like this.
Because I believe investors will come back again to push bitcoin up to the moon as happened in 2021 yesterday.
The prediction is like made up.
Quote
Huobi co-founder Du Jun told CNBC on Sunday that bitcoin prices are often influenced by a technological change in the cryptocurrency's network, called "halving".
Halving is a key feature of bitcoin, and refers to a cutting in half of the amount of cryptocurrency that so-called miners receive as a reward for validating transactions.
The last halvings occurred in 2016 and 2020, and crypto analysts expect the next one to take place in 2024.
Halving is a key feature of bitcoin, and refers to a cutting in half of the amount of cryptocurrency that so-called miners receive as a reward for validating transactions.
The last halvings occurred in 2016 and 2020, and crypto analysts expect the next one to take place in 2024.
Huobi co-founder predicts this cycle is going to repeat itself, following the last bear market pattern, which started right after the ATH of 2017 and lasted long painful years... Is it too pessimistic to think this way or is the halving the real game changer factor which drives market's prices, as Du Jun says?
He also mentions another factors such pandemics and geopolitical issues can influence bitcoin's price, but it's clear the halving factor was highlighted as the most important and influent one among all.
Bitcoin is shaping up to enter a bear market and likely won't recover until 2025, co-founder of Huobi crypto exchange says
it is given that market of crypto falls after there is a great pump happen (that mostly comes from the effect of Bitcoin halving every 4 years) i remember the 2017 scenario in which when 2018 comes the price of bitcoin really dumped(but altcoin made its season in early months) and what can we expect this year?
as 2021 made our path really high and majority of us makes its way up as we experienced a great pumping as i myself took at least 200% of my growth.
as 2021 made our path really high and majority of us makes its way up as we experienced a great pumping as i myself took at least 200% of my growth.
Most likely it happen because base on history this scenario really happen that's why on next halving we must be prepared for the dump to come. I'm sure those who experience the past halving already know this but for new traders or holders better this will be a learning experience to them since it can help them to create their trading plans if bull market season arrives again.
it is given that market of crypto falls after there is a great pump happen (that mostly comes from the effect of Bitcoin halving every 4 years) i remember the 2017 scenario in which when 2018 comes the price of bitcoin really dumped(but altcoin made its season in early months) and what can we expect this year?
as 2021 made our path really high and majority of us makes its way up as we experienced a great pumping as i myself took at least 200% of my growth.
as 2021 made our path really high and majority of us makes its way up as we experienced a great pumping as i myself took at least 200% of my growth.
Huobi co-founder predicts this cycle is going to repeat itself, following the last bear market pattern, which started right after the ATH of 2017 and lasted long painful years... Is it too pessimistic to think this way or is the halving the real game changer factor which drives market's prices, as Du Jun says?
Well he seems pessimistic for how relatively bullish people are on this forum, but as the days go on I see less and less bullish people thinking that the top of this cycle was reached last year at almost $70k.
The bad thing is that if that is the case, it is normal to think that the spectacular returns of Bitcoin are over and that, getting to say $1M, is going to take a long time, and not a few years as some theories last year predicted (like the supercycle theory).
One month ago,the Bitcoin price dropped to 34K USD and everyone was waiting for a 30K or 20K price bottom,stating that the recovery will be slow and a new ATH won't happen in 2023.
During February,the Bitcoin price went from 34K to 44K USD and everyone forgot about the doom&gloom predictions.Many people were expecting a bull run to 50K USD.
Now,the Bitcoin price is going down,all financial markets are going down due to the political situation.
The bears are dominating the market,predicting a new ATH in 2025.
In summary,don't trust anyone.Every opinion about the BTC price is just a price speculation.
The market will bounce back and further it can drop down. This is the common pattern with every market. Just a month back we're speculating in a similar way about the price drop nearing $30k, but the bounce back happened in a much shorter time than expected. Once again the price crash have been taking place with intermittent recovery. The price that reached $36500 have now crossed $38500. The market is speculative and it reacts. It is our responsibility to stay safe without making our own choice. During February,the Bitcoin price went from 34K to 44K USD and everyone forgot about the doom&gloom predictions.Many people were expecting a bull run to 50K USD.
Now,the Bitcoin price is going down,all financial markets are going down due to the political situation.
The bears are dominating the market,predicting a new ATH in 2025.
In summary,don't trust anyone.Every opinion about the BTC price is just a price speculation.
One month ago,the Bitcoin price dropped to 34K USD and everyone was waiting for a 30K or 20K price bottom,stating that the recovery will be slow and a new ATH won't happen in 2023.
During February,the Bitcoin price went from 34K to 44K USD and everyone forgot about the doom&gloom predictions.Many people were expecting a bull run to 50K USD.
Now,the Bitcoin price is going down,all financial markets are going down due to the political situation.
The bears are dominating the market,predicting a new ATH in 2025.
In summary,don't trust anyone.Every opinion about the BTC price is just a price speculation.
During February,the Bitcoin price went from 34K to 44K USD and everyone forgot about the doom&gloom predictions.Many people were expecting a bull run to 50K USD.
Now,the Bitcoin price is going down,all financial markets are going down due to the political situation.
The bears are dominating the market,predicting a new ATH in 2025.
In summary,don't trust anyone.Every opinion about the BTC price is just a price speculation.
Quote
The last halvings occurred in 2016 and 2020, and crypto analysts expect the next one to take place in 2024.
When you read a sentence like this, you wonder what kind of crypto analysts they really are if they expect something to happen, and everyone should know that halving without exception happens every 210 000 blocks, and that it can’t happen in 2023 or 2025. The whole article is just bad journalism and PR for a certain company, there is nothing new or significant that we did not already know.
It is still too early to say whether we have entered the crypto winter phase, or whether the 4-year cycle will be interrupted. Recovery is still a relative thing, for some the current situation is an opportunity for daily profit and they certainly want this situation to last as long as possible.
Well the halving will be happening in 2024 , meaning this will be in take effect at 2025 so basically the expectation will be in 2025 bull run.
but of course things may change in different direction because there are countries that coming inside here and there , either adoption or acceptance but at least there are views we can see in the future .
but of course things may change in different direction because there are countries that coming inside here and there , either adoption or acceptance but at least there are views we can see in the future .
Previous halving did not have any significant effect. The only effect that cryptocurrency has during last 1-2 years was Elon effect
The boom of crypto and a creation of thousands of useless and scam meme coins. There were posts on the forum about "bitcoin-4-year-life-cycle". Looks like we are in the beginning of it. But I personally don't believe in all these cycles, predictions, holidays that impact price and other bs. Crypto community is very humble, naïve and young. "In which direction does the wind blow", there cryptocurrency goes. 
If that's the prediction and it happens, we don't need to panic and can only prepare ourselves by trying to get profit for profit from now on so that if it really happens, we can buy lots of coins at the most basic price.
But I don't really think about it because if it is related to the halving, the remaining bitcoins, then the possibility is that the bitcoin price can still be above $35k or, at worst, maybe around $30k-$35k or it should stay at $33k-$40k but I don't know.
But hopefully, the price can stay in this price range and don't drop so deep that it can bounce back to $40k.
I think it can make our profit, especially if the price is always like that so we can profit many times.
But I don't really think about it because if it is related to the halving, the remaining bitcoins, then the possibility is that the bitcoin price can still be above $35k or, at worst, maybe around $30k-$35k or it should stay at $33k-$40k but I don't know.
But hopefully, the price can stay in this price range and don't drop so deep that it can bounce back to $40k.
I think it can make our profit, especially if the price is always like that so we can profit many times.
Quote
Huobi co-founder Du Jun told CNBC on Sunday that bitcoin prices are often influenced by a technological change in the cryptocurrency's network, called "halving".
Halving is a key feature of bitcoin, and refers to a cutting in half of the amount of cryptocurrency that so-called miners receive as a reward for validating transactions.
The last halvings occurred in 2016 and 2020, and crypto analysts expect the next one to take place in 2024.
Halving is a key feature of bitcoin, and refers to a cutting in half of the amount of cryptocurrency that so-called miners receive as a reward for validating transactions.
The last halvings occurred in 2016 and 2020, and crypto analysts expect the next one to take place in 2024.
Huobi co-founder predicts this cycle is going to repeat itself, following the last bear market pattern, which started right after the ATH of 2017 and lasted long painful years... Is it too pessimistic to think this way or is the halving the real game changer factor which drives market's prices, as Du Jun says?
He also mentions another factors such pandemics and geopolitical issues can influence bitcoin's price, but it's clear the halving factor was highlighted as the most important and influent one among all.
Bitcoin is shaping up to enter a bear market and likely won't recover until 2025, co-founder of Huobi crypto exchange says
but of course things may change in different direction because there are countries that coming inside here and there , either adoption or acceptance but at least there are views we can see in the future .
I don't think we'd still follow the same pattern? Besides, wasn't the 2017 depression mostly due to how it was such a huge bubble? The dump we had right now can be kind of unexpected since those always comes whenever the market hits a new high, but it's kinda doubtful whether it'd go down to a lower level than what we have right now. Nothing happening might be the worst scenario I can assume, just steady movement till probably idk, half a year to a year. Won't deny though that the period after halving brings about new peaks for Bitcoin.
Its statements like this that come from a well-known CEO make people see how true what's coming in the market is. And panick sets in. It's really going to be disappointing for someone who will dump thier coins in the loss while the price goes back up. Looking at the charts we are very close to the bottom. In fact we bounced already.
Maybe keep some stablecoin ready for the withdrawal but keep some BTC in your personal wallet. I wouldn't recommend dumping everything you have going to bank accounts because we see how banks freeze accounts.
Maybe keep some stablecoin ready for the withdrawal but keep some BTC in your personal wallet. I wouldn't recommend dumping everything you have going to bank accounts because we see how banks freeze accounts.
Yeah so he says that now after crypto already lost 50% of its price. Where was he back in November when people were questioning is it going to top at $100K or $250K?
Same with many stocks. They are down 80% from their peak, however last summer when Peleton or Zoom peaked nobody assumed it was the top, they just assumed they would go up forever. And now everything thinks a bear market will start, it already started months ago. A bottom might be around the corner.
Same with many stocks. They are down 80% from their peak, however last summer when Peleton or Zoom peaked nobody assumed it was the top, they just assumed they would go up forever. And now everything thinks a bear market will start, it already started months ago. A bottom might be around the corner.
Glad to see some threads about this, always looking on another side, not always "UP ONLY" post/threads.
So for me, I am also favored with OP, block halving cycle is already proven since before or start of the block halving, we saw a lot of changes in price actions over the time, there are always ups and downs, bear markets or bull markets which for me it is normal, especially we are still on early days of Bitcoin, it is more healthy for me.
So for me, I am also favored with OP, block halving cycle is already proven since before or start of the block halving, we saw a lot of changes in price actions over the time, there are always ups and downs, bear markets or bull markets which for me it is normal, especially we are still on early days of Bitcoin, it is more healthy for me.
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